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CoStar Group（CSGP）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是CoStar Group的1.1倍（$964.5M vs $899.9M），Pure Storage, Inc.净利率更高（5.7% vs 5.2%，领先0.5%），CoStar Group同比增速更快（26.9% vs 16.0%），CoStar Group自由现金流更多（$101.3M vs $52.6M），过去两年CoStar Group的营收复合增速更高（17.1% vs 10.5%）
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
CSGP vs PSTG — 直观对比
营收规模更大
PSTG
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出10.8%
16.0%
净利率更高
PSTG
高出0.5%
5.2%
自由现金流更多
CSGP
多$48.7M
$52.6M
两年增速更快
CSGP
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $964.5M |
| 净利润 | $46.5M | $54.8M |
| 毛利率 | 78.6% | 72.3% |
| 营业利润率 | 5.5% | 5.6% |
| 净利率 | 5.2% | 5.7% |
| 营收同比 | 26.9% | 16.0% |
| 净利润同比 | -22.2% | -13.9% |
| 每股收益（稀释后） | $0.12 | $0.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CSGPPSTG
| Q4 25 | $899.9M | $964.5M | ||
| Q3 25 | $833.6M | $861.0M | ||
| Q2 25 | $781.3M | $778.5M | ||
| Q1 25 | $732.2M | $879.8M | ||
| Q4 24 | $709.4M | $831.1M | ||
| Q3 24 | $692.6M | $763.8M | ||
| Q2 24 | $677.8M | $693.5M | ||
| Q1 24 | $656.4M | $789.8M |
净利润CSGPPSTG
| Q4 25 | $46.5M | $54.8M | ||
| Q3 25 | $-30.9M | $47.1M | ||
| Q2 25 | $6.2M | $-14.0M | ||
| Q1 25 | $-14.8M | $42.4M | ||
| Q4 24 | $59.8M | $63.6M | ||
| Q3 24 | $53.0M | $35.7M | ||
| Q2 24 | $19.2M | $-35.0M | ||
| Q1 24 | $6.7M | $65.4M |
毛利率CSGPPSTG
| Q4 25 | 78.6% | 72.3% | ||
| Q3 25 | 79.3% | 70.2% | ||
| Q2 25 | 78.5% | 68.9% | ||
| Q1 25 | 79.1% | 67.5% | ||
| Q4 24 | 80.1% | 70.1% | ||
| Q3 24 | 79.7% | 70.7% | ||
| Q2 24 | 80.0% | 71.5% | ||
| Q1 24 | 78.5% | 72.0% |
营业利润率CSGPPSTG
| Q4 25 | 5.5% | 5.6% | ||
| Q3 25 | -6.1% | 0.6% | ||
| Q2 25 | -3.5% | -4.0% | ||
| Q1 25 | -5.8% | 4.8% | ||
| Q4 24 | 5.6% | 7.2% | ||
| Q3 24 | 3.4% | 3.3% | ||
| Q2 24 | -2.4% | -6.0% | ||
| Q1 24 | -6.5% | 7.3% |
净利率CSGPPSTG
| Q4 25 | 5.2% | 5.7% | ||
| Q3 25 | -3.7% | 5.5% | ||
| Q2 25 | 0.8% | -1.8% | ||
| Q1 25 | -2.0% | 4.8% | ||
| Q4 24 | 8.4% | 7.7% | ||
| Q3 24 | 7.7% | 4.7% | ||
| Q2 24 | 2.8% | -5.0% | ||
| Q1 24 | 1.0% | 8.3% |
每股收益（稀释后）CSGPPSTG
| Q4 25 | $0.12 | $0.16 | ||
| Q3 25 | $-0.07 | $0.14 | ||
| Q2 25 | $0.01 | $-0.04 | ||
| Q1 25 | $-0.04 | $0.13 | ||
| Q4 24 | $0.14 | $0.19 | ||
| Q3 24 | $0.13 | $0.10 | ||
| Q2 24 | $0.05 | $-0.11 | ||
| Q1 24 | $0.02 | $0.22 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $852.8M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.4B |
| 总资产 | $10.5B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGPPSTG
| Q4 25 | $1.6B | $852.8M | ||
| Q3 25 | $1.9B | $887.8M | ||
| Q2 25 | $3.6B | $739.3M | ||
| Q1 25 | $3.7B | $723.6M | ||
| Q4 24 | $4.7B | $894.6M | ||
| Q3 24 | — | $965.0M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $702.5M |
总债务CSGPPSTG
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPPSTG
| Q4 25 | $8.3B | $1.4B | ||
| Q3 25 | $8.6B | $1.3B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.3B | ||
| Q4 24 | $7.6B | $1.4B | ||
| Q3 24 | $7.5B | $1.5B | ||
| Q2 24 | $7.4B | $1.4B | ||
| Q1 24 | $7.3B | $1.3B |
总资产CSGPPSTG
| Q4 25 | $10.5B | $4.2B | ||
| Q3 25 | $10.8B | $4.0B | ||
| Q2 25 | $10.5B | $3.8B | ||
| Q1 25 | $10.4B | $4.0B | ||
| Q4 24 | $9.3B | $3.9B | ||
| Q3 24 | $9.1B | $3.8B | ||
| Q2 24 | $9.1B | $3.6B | ||
| Q1 24 | $9.0B | $3.7B |
负债/权益比CSGPPSTG
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $162.1M | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $52.6M |
| 自由现金流率自由现金流/营收 | 11.3% | 5.5% |
| 资本支出强度资本支出/营收 | 6.8% | 6.6% |
| 现金转化率经营现金流/净利润 | 3.49× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $566.7M |
8季度趋势，按日历期对齐
经营现金流CSGPPSTG
| Q4 25 | $162.1M | $116.0M | ||
| Q3 25 | $68.2M | $212.2M | ||
| Q2 25 | $146.5M | $283.9M | ||
| Q1 25 | $53.2M | $208.5M | ||
| Q4 24 | $94.6M | $97.0M | ||
| Q3 24 | $100.3M | $226.6M | ||
| Q2 24 | $58.1M | $221.5M | ||
| Q1 24 | $139.6M | $244.4M |
自由现金流CSGPPSTG
| Q4 25 | $101.3M | $52.6M | ||
| Q3 25 | $-5.5M | $150.1M | ||
| Q2 25 | $27.7M | $211.6M | ||
| Q1 25 | $-500.0K | $152.4M | ||
| Q4 24 | $25.2M | $35.2M | ||
| Q3 24 | $40.2M | $166.6M | ||
| Q2 24 | $-14.7M | $172.7M | ||
| Q1 24 | $-237.1M | $200.9M |
自由现金流率CSGPPSTG
| Q4 25 | 11.3% | 5.5% | ||
| Q3 25 | -0.7% | 17.4% | ||
| Q2 25 | 3.5% | 27.2% | ||
| Q1 25 | -0.1% | 17.3% | ||
| Q4 24 | 3.6% | 4.2% | ||
| Q3 24 | 5.8% | 21.8% | ||
| Q2 24 | -2.2% | 24.9% | ||
| Q1 24 | -36.1% | 25.4% |
资本支出强度CSGPPSTG
| Q4 25 | 6.8% | 6.6% | ||
| Q3 25 | 8.8% | 7.2% | ||
| Q2 25 | 15.2% | 9.3% | ||
| Q1 25 | 7.3% | 6.4% | ||
| Q4 24 | 9.8% | 7.4% | ||
| Q3 24 | 8.7% | 7.9% | ||
| Q2 24 | 10.7% | 7.0% | ||
| Q1 24 | 57.4% | 5.5% |
现金转化率CSGPPSTG
| Q4 25 | 3.49× | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | 4.91× | ||
| Q4 24 | 1.58× | 1.52× | ||
| Q3 24 | 1.89× | 6.35× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | 3.74× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
