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CoStar Group（CSGP）与RLI CORP（RLI）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RLI CORP的1.9倍（$899.9M vs $465.7M），RLI CORP净利率更高（19.6% vs 5.2%，领先14.4%），CoStar Group同比增速更快（26.9% vs 6.1%），RLI CORP自由现金流更多（$155.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 2.3%）
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。
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
CSGP vs RLI — 直观对比
营收规模更大
CSGP
是对方的1.9倍
$465.7M
营收增速更快
CSGP
高出20.8%
6.1%
净利率更高
RLI
高出14.4%
5.2%
自由现金流更多
RLI
多$53.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $465.7M |
| 净利润 | $46.5M | $91.2M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 24.4% |
| 净利率 | 5.2% | 19.6% |
| 营收同比 | 26.9% | 6.1% |
| 净利润同比 | -22.2% | 123.1% |
| 每股收益（稀释后） | $0.12 | $1.00 |
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CSGPRLI
| Q4 25 | $899.9M | $465.7M | ||
| Q3 25 | $833.6M | $509.3M | ||
| Q2 25 | $781.3M | $499.8M | ||
| Q1 25 | $732.2M | $407.7M | ||
| Q4 24 | $709.4M | $439.1M | ||
| Q3 24 | $692.6M | $470.0M | ||
| Q2 24 | $677.8M | $416.4M | ||
| Q1 24 | $656.4M | $444.8M |
净利润CSGPRLI
| Q4 25 | $46.5M | $91.2M | ||
| Q3 25 | $-30.9M | $124.6M | ||
| Q2 25 | $6.2M | $124.3M | ||
| Q1 25 | $-14.8M | $63.2M | ||
| Q4 24 | $59.8M | $40.9M | ||
| Q3 24 | $53.0M | $95.0M | ||
| Q2 24 | $19.2M | $82.0M | ||
| Q1 24 | $6.7M | $127.9M |
毛利率CSGPRLI
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPRLI
| Q4 25 | 5.5% | 24.4% | ||
| Q3 25 | -6.1% | 30.9% | ||
| Q2 25 | -3.5% | 31.3% | ||
| Q1 25 | -5.8% | 19.3% | ||
| Q4 24 | 5.6% | 10.8% | ||
| Q3 24 | 3.4% | 24.9% | ||
| Q2 24 | -2.4% | 24.8% | ||
| Q1 24 | -6.5% | 36.0% |
净利率CSGPRLI
| Q4 25 | 5.2% | 19.6% | ||
| Q3 25 | -3.7% | 24.5% | ||
| Q2 25 | 0.8% | 24.9% | ||
| Q1 25 | -2.0% | 15.5% | ||
| Q4 24 | 8.4% | 9.3% | ||
| Q3 24 | 7.7% | 20.2% | ||
| Q2 24 | 2.8% | 19.7% | ||
| Q1 24 | 1.0% | 28.8% |
每股收益（稀释后）CSGPRLI
| Q4 25 | $0.12 | $1.00 | ||
| Q3 25 | $-0.07 | $1.35 | ||
| Q2 25 | $0.01 | $1.34 | ||
| Q1 25 | $-0.04 | $0.68 | ||
| Q4 24 | $0.14 | $-2.87 | ||
| Q3 24 | $0.13 | $2.06 | ||
| Q2 24 | $0.05 | $1.78 | ||
| Q1 24 | $0.02 | $2.77 |
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 | — |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.8B |
| 总资产 | $10.5B | $6.2B |
| 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CSGPRLI
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CSGPRLI
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | $100.0M | ||
| Q2 25 | $1.0B | $100.0M | ||
| Q1 25 | $1.0B | $100.0M | ||
| Q4 24 | $1.0B | $100.0M | ||
| Q3 24 | $1.0B | $100.0M | ||
| Q2 24 | $1.0B | $100.0M | ||
| Q1 24 | $1.0B | $100.0M |
股东权益CSGPRLI
| Q4 25 | $8.3B | $1.8B | ||
| Q3 25 | $8.6B | $1.9B | ||
| Q2 25 | $8.6B | $1.7B | ||
| Q1 25 | $8.6B | $1.6B | ||
| Q4 24 | $7.6B | $1.5B | ||
| Q3 24 | $7.5B | $1.7B | ||
| Q2 24 | $7.4B | $1.6B | ||
| Q1 24 | $7.3B | $1.5B |
总资产CSGPRLI
| Q4 25 | $10.5B | $6.2B | ||
| Q3 25 | $10.8B | $6.2B | ||
| Q2 25 | $10.5B | $6.0B | ||
| Q1 25 | $10.4B | $5.7B | ||
| Q4 24 | $9.3B | $5.6B | ||
| Q3 24 | $9.1B | $5.8B | ||
| Q2 24 | $9.1B | $5.5B | ||
| Q1 24 | $9.0B | $5.3B |
负债/权益比CSGPRLI
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | 0.05× | ||
| Q2 25 | 0.12× | 0.06× | ||
| Q1 25 | 0.12× | 0.06× | ||
| Q4 24 | 0.13× | 0.07× | ||
| Q3 24 | 0.13× | 0.06× | ||
| Q2 24 | 0.14× | 0.06× | ||
| Q1 24 | 0.14× | 0.07× |
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 | $156.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $155.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 33.3% |
| 资本支出强度资本支出/营收 | 6.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.72× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $608.7M |
8季度趋势，按日历期对齐
经营现金流CSGPRLI
| Q4 25 | $162.1M | $156.8M | ||
| Q3 25 | $68.2M | $179.2M | ||
| Q2 25 | $146.5M | $174.7M | ||
| Q1 25 | $53.2M | $103.5M | ||
| Q4 24 | $94.6M | $128.1M | ||
| Q3 24 | $100.3M | $219.4M | ||
| Q2 24 | $58.1M | $141.8M | ||
| Q1 24 | $139.6M | $70.9M |
自由现金流CSGPRLI
| Q4 25 | $101.3M | $155.0M | ||
| Q3 25 | $-5.5M | $177.8M | ||
| Q2 25 | $27.7M | $173.4M | ||
| Q1 25 | $-500.0K | $102.5M | ||
| Q4 24 | $25.2M | $127.6M | ||
| Q3 24 | $40.2M | $219.0M | ||
| Q2 24 | $-14.7M | $139.1M | ||
| Q1 24 | $-237.1M | $69.9M |
自由现金流率CSGPRLI
| Q4 25 | 11.3% | 33.3% | ||
| Q3 25 | -0.7% | 34.9% | ||
| Q2 25 | 3.5% | 34.7% | ||
| Q1 25 | -0.1% | 25.1% | ||
| Q4 24 | 3.6% | 29.0% | ||
| Q3 24 | 5.8% | 46.6% | ||
| Q2 24 | -2.2% | 33.4% | ||
| Q1 24 | -36.1% | 15.7% |
资本支出强度CSGPRLI
| Q4 25 | 6.8% | 0.4% | ||
| Q3 25 | 8.8% | 0.3% | ||
| Q2 25 | 15.2% | 0.3% | ||
| Q1 25 | 7.3% | 0.3% | ||
| Q4 24 | 9.8% | 0.1% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 10.7% | 0.7% | ||
| Q1 24 | 57.4% | 0.2% |
现金转化率CSGPRLI
| Q4 25 | 3.49× | 1.72× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 23.63× | 1.41× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | 1.58× | 3.13× | ||
| Q3 24 | 1.89× | 2.31× | ||
| Q2 24 | 3.03× | 1.73× | ||
| Q1 24 | 20.84× | 0.55× |
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% |
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
