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CoStar Group（CSGP）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是RH的1.0倍（$899.9M vs $883.8M），CoStar Group净利率更高（5.2% vs 4.1%，领先1.1%），CoStar Group同比增速更快（26.9% vs 8.9%），CoStar Group自由现金流更多（$101.3M vs $83.0M），过去两年CoStar Group的营收复合增速更高（17.1% vs 9.4%）
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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
CSGP vs RH — 直观对比
营收规模更大
CSGP
是对方的1.0倍
$883.8M
营收增速更快
CSGP
高出18.0%
8.9%
净利率更高
CSGP
高出1.1%
4.1%
自由现金流更多
CSGP
多$18.3M
$83.0M
两年增速更快
CSGP
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $883.8M |
| 净利润 | $46.5M | $36.3M |
| 毛利率 | 78.6% | 44.1% |
| 营业利润率 | 5.5% | 12.0% |
| 净利率 | 5.2% | 4.1% |
| 营收同比 | 26.9% | 8.9% |
| 净利润同比 | -22.2% | 9.3% |
| 每股收益（稀释后） | $0.12 | $1.83 |
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CSGPRH
| Q4 25 | $899.9M | $883.8M | ||
| Q3 25 | $833.6M | $899.2M | ||
| Q2 25 | $781.3M | $814.0M | ||
| Q1 25 | $732.2M | $812.4M | ||
| Q4 24 | $709.4M | $811.7M | ||
| Q3 24 | $692.6M | $829.7M | ||
| Q2 24 | $677.8M | $727.0M | ||
| Q1 24 | $656.4M | $738.3M |
净利润CSGPRH
| Q4 25 | $46.5M | $36.3M | ||
| Q3 25 | $-30.9M | $51.7M | ||
| Q2 25 | $6.2M | $8.0M | ||
| Q1 25 | $-14.8M | $13.9M | ||
| Q4 24 | $59.8M | $33.2M | ||
| Q3 24 | $53.0M | $29.0M | ||
| Q2 24 | $19.2M | $-3.6M | ||
| Q1 24 | $6.7M | $11.4M |
毛利率CSGPRH
| Q4 25 | 78.6% | 44.1% | ||
| Q3 25 | 79.3% | 45.5% | ||
| Q2 25 | 78.5% | 43.7% | ||
| Q1 25 | 79.1% | 44.7% | ||
| Q4 24 | 80.1% | 44.5% | ||
| Q3 24 | 79.7% | 45.2% | ||
| Q2 24 | 80.0% | 43.5% | ||
| Q1 24 | 78.5% | 43.5% |
营业利润率CSGPRH
| Q4 25 | 5.5% | 12.0% | ||
| Q3 25 | -6.1% | 14.3% | ||
| Q2 25 | -3.5% | 6.9% | ||
| Q1 25 | -5.8% | 8.7% | ||
| Q4 24 | 5.6% | 12.5% | ||
| Q3 24 | 3.4% | 11.6% | ||
| Q2 24 | -2.4% | 7.5% | ||
| Q1 24 | -6.5% | 8.7% |
净利率CSGPRH
| Q4 25 | 5.2% | 4.1% | ||
| Q3 25 | -3.7% | 5.8% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | -2.0% | 1.7% | ||
| Q4 24 | 8.4% | 4.1% | ||
| Q3 24 | 7.7% | 3.5% | ||
| Q2 24 | 2.8% | -0.5% | ||
| Q1 24 | 1.0% | 1.5% |
每股收益（稀释后）CSGPRH
| Q4 25 | $0.12 | $1.83 | ||
| Q3 25 | $-0.07 | $2.62 | ||
| Q2 25 | $0.01 | $0.40 | ||
| Q1 25 | $-0.04 | $0.71 | ||
| Q4 24 | $0.14 | $1.66 | ||
| Q3 24 | $0.13 | $1.45 | ||
| Q2 24 | $0.05 | $-0.20 | ||
| Q1 24 | $0.02 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $3.3M |
| 总资产 | $10.5B | $4.8B |
| 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CSGPRH
| Q4 25 | $1.6B | $43.1M | ||
| Q3 25 | $1.9B | $34.6M | ||
| Q2 25 | $3.6B | $46.1M | ||
| Q1 25 | $3.7B | $30.4M | ||
| Q4 24 | $4.7B | $87.0M | ||
| Q3 24 | — | $78.3M | ||
| Q2 24 | — | $101.8M | ||
| Q1 24 | — | $123.7M |
总债务CSGPRH
| 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CSGPRH
| Q4 25 | $8.3B | $3.3M | ||
| Q3 25 | $8.6B | $-40.9M | ||
| Q2 25 | $8.6B | $-110.8M | ||
| Q1 25 | $8.6B | $-163.6M | ||
| Q4 24 | $7.6B | $-183.0M | ||
| Q3 24 | $7.5B | $-234.7M | ||
| Q2 24 | $7.4B | $-289.9M | ||
| Q1 24 | $7.3B | $-297.4M |
总资产CSGPRH
| Q4 25 | $10.5B | $4.8B | ||
| Q3 25 | $10.8B | $4.7B | ||
| Q2 25 | $10.5B | $4.7B | ||
| Q1 25 | $10.4B | $4.6B | ||
| Q4 24 | $9.3B | $4.5B | ||
| Q3 24 | $9.1B | $4.4B | ||
| Q2 24 | $9.1B | $4.2B | ||
| Q1 24 | $9.0B | $4.1B |
负债/权益比CSGPRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $83.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 9.4% |
| 资本支出强度资本支出/营收 | 6.8% | 5.5% |
| 现金转化率经营现金流/净利润 | 3.49× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $128.1M |
8季度趋势，按日历期对齐
经营现金流CSGPRH
| Q4 25 | $162.1M | $131.9M | ||
| Q3 25 | $68.2M | $137.7M | ||
| Q2 25 | $146.5M | $86.6M | ||
| Q1 25 | $53.2M | $-18.8M | ||
| Q4 24 | $94.6M | $-31.4M | ||
| Q3 24 | $100.3M | $11.2M | ||
| Q2 24 | $58.1M | $56.1M | ||
| Q1 24 | $139.6M | $-114.0M |
自由现金流CSGPRH
| Q4 25 | $101.3M | $83.0M | ||
| Q3 25 | $-5.5M | $80.7M | ||
| Q2 25 | $27.7M | $34.1M | ||
| Q1 25 | $-500.0K | $-69.7M | ||
| Q4 24 | $25.2M | $-96.0M | ||
| Q3 24 | $40.2M | $-37.9M | ||
| Q2 24 | $-14.7M | $-10.1M | ||
| Q1 24 | $-237.1M | $-251.5M |
自由现金流率CSGPRH
| Q4 25 | 11.3% | 9.4% | ||
| Q3 25 | -0.7% | 9.0% | ||
| Q2 25 | 3.5% | 4.2% | ||
| Q1 25 | -0.1% | -8.6% | ||
| Q4 24 | 3.6% | -11.8% | ||
| Q3 24 | 5.8% | -4.6% | ||
| Q2 24 | -2.2% | -1.4% | ||
| Q1 24 | -36.1% | -34.1% |
资本支出强度CSGPRH
| Q4 25 | 6.8% | 5.5% | ||
| Q3 25 | 8.8% | 6.3% | ||
| Q2 25 | 15.2% | 6.5% | ||
| Q1 25 | 7.3% | 6.3% | ||
| Q4 24 | 9.8% | 8.0% | ||
| Q3 24 | 8.7% | 5.9% | ||
| Q2 24 | 10.7% | 9.1% | ||
| Q1 24 | 57.4% | 18.6% |
现金转化率CSGPRH
| Q4 25 | 3.49× | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | 23.63× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | 1.58× | -0.95× | ||
| Q3 24 | 1.89× | 0.39× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
