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CoStar Group（CSGP）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是怡安集团的1.1倍（$899.9M vs $795.2M），CoStar Group净利率更高（5.2% vs 5.1%，领先0.1%），CoStar Group同比增速更快（26.9% vs 15.2%），过去两年CoStar Group的营收复合增速更高（17.1% vs 8.1%）
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。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
CSGP vs RYAN — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$795.2M
营收增速更快
CSGP
高出11.6%
15.2%
净利率更高
CSGP
高出0.1%
5.1%
两年增速更快
CSGP
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $795.2M |
| 净利润 | $46.5M | $40.6M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 11.9% |
| 净利率 | 5.2% | 5.1% |
| 营收同比 | 26.9% | 15.2% |
| 净利润同比 | -22.2% | 1025.0% |
| 每股收益（稀释后） | $0.12 | $0.13 |
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CSGPRYAN
| Q1 26 | — | $795.2M | ||
| Q4 25 | $899.9M | $738.0M | ||
| Q3 25 | $833.6M | $739.6M | ||
| Q2 25 | $781.3M | $840.9M | ||
| Q1 25 | $732.2M | $676.1M | ||
| Q4 24 | $709.4M | $649.4M | ||
| Q3 24 | $692.6M | $588.1M | ||
| Q2 24 | $677.8M | $680.2M |
净利润CSGPRYAN
| Q1 26 | — | $40.6M | ||
| Q4 25 | $46.5M | $8.0M | ||
| Q3 25 | $-30.9M | $31.1M | ||
| Q2 25 | $6.2M | $52.0M | ||
| Q1 25 | $-14.8M | $-27.6M | ||
| Q4 24 | $59.8M | $13.8M | ||
| Q3 24 | $53.0M | $17.6M | ||
| Q2 24 | $19.2M | $46.8M |
毛利率CSGPRYAN
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGPRYAN
| Q1 26 | — | 11.9% | ||
| Q4 25 | 5.5% | 12.4% | ||
| Q3 25 | -6.1% | 15.0% | ||
| Q2 25 | -3.5% | 22.7% | ||
| Q1 25 | -5.8% | 14.8% | ||
| Q4 24 | 5.6% | 16.8% | ||
| Q3 24 | 3.4% | 13.9% | ||
| Q2 24 | -2.4% | 24.2% |
净利率CSGPRYAN
| Q1 26 | — | 5.1% | ||
| Q4 25 | 5.2% | 1.1% | ||
| Q3 25 | -3.7% | 4.2% | ||
| Q2 25 | 0.8% | 6.2% | ||
| Q1 25 | -2.0% | -4.1% | ||
| Q4 24 | 8.4% | 2.1% | ||
| Q3 24 | 7.7% | 3.0% | ||
| Q2 24 | 2.8% | 6.9% |
每股收益（稀释后）CSGPRYAN
| Q1 26 | — | $0.13 | ||
| Q4 25 | $0.12 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.05 | — |
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 | $154.7M |
| 总债务越低越好 | $140.0M | $3.5B |
| 股东权益账面价值 | $8.3B | $1.2B |
| 总资产 | $10.5B | $11.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 2.90× |
8季度趋势，按日历期对齐
现金及短期投资CSGPRYAN
| Q1 26 | — | $154.7M | ||
| Q4 25 | $1.6B | $158.3M | ||
| Q3 25 | $1.9B | $153.5M | ||
| Q2 25 | $3.6B | $172.6M | ||
| Q1 25 | $3.7B | $203.5M | ||
| Q4 24 | $4.7B | $540.2M | ||
| Q3 24 | — | $235.2M | ||
| Q2 24 | — | $1.7B |
总债务CSGPRYAN
| Q1 26 | — | $3.5B | ||
| Q4 25 | $140.0M | $3.3B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
股东权益CSGPRYAN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $8.3B | $648.1M | ||
| Q3 25 | $8.6B | $630.5M | ||
| Q2 25 | $8.6B | $610.1M | ||
| Q1 25 | $8.6B | $542.5M | ||
| Q4 24 | $7.6B | $627.7M | ||
| Q3 24 | $7.5B | $632.8M | ||
| Q2 24 | $7.4B | $605.9M |
总资产CSGPRYAN
| Q1 26 | — | $11.0B | ||
| Q4 25 | $10.5B | $10.6B | ||
| Q3 25 | $10.8B | $9.9B | ||
| Q2 25 | $10.5B | $10.6B | ||
| Q1 25 | $10.4B | $9.9B | ||
| Q4 24 | $9.3B | $9.6B | ||
| Q3 24 | $9.1B | $8.5B | ||
| Q2 24 | $9.1B | $8.3B |
负债/权益比CSGPRYAN
| Q1 26 | — | 2.90× | ||
| Q4 25 | 0.02× | 5.16× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 5.22× | ||
| Q3 24 | 0.13× | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 3.49× | — |
| 过去12个月自由现金流最近4个季度 | $123.0M | — |
8季度趋势，按日历期对齐
经营现金流CSGPRYAN
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $263.2M | ||
| Q3 25 | $68.2M | $169.7M | ||
| Q2 25 | $146.5M | $353.6M | ||
| Q1 25 | $53.2M | $-142.8M | ||
| Q4 24 | $94.6M | $259.6M | ||
| Q3 24 | $100.3M | $100.9M | ||
| Q2 24 | $58.1M | $270.8M |
自由现金流CSGPRYAN
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | $167.3M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | $-143.5M | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $-14.7M | — |
自由现金流率CSGPRYAN
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | 22.6% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | -21.2% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | -2.2% | — |
资本支出强度CSGPRYAN
| Q1 26 | — | 1.7% | ||
| Q4 25 | 6.8% | 0.0% | ||
| Q3 25 | 8.8% | 0.3% | ||
| Q2 25 | 15.2% | 0.0% | ||
| Q1 25 | 7.3% | 0.1% | ||
| Q4 24 | 9.8% | 0.0% | ||
| Q3 24 | 8.7% | 0.0% | ||
| Q2 24 | 10.7% | 0.0% |
现金转化率CSGPRYAN
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 32.99× | ||
| Q3 25 | — | 5.46× | ||
| Q2 25 | 23.63× | 6.80× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 18.88× | ||
| Q3 24 | 1.89× | 5.74× | ||
| Q2 24 | 3.03× | 5.79× |
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% |
RYAN
| Compensation and benefits | $495.2M | 62% |
| Other | $260.4M | 33% |
| Change in contingent consideration | $27.3M | 3% |
| Fiduciary investment income | $12.3M | 2% |
