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CoStar Group（CSGP）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.2倍（$899.9M vs $766.5M），CoStar Group净利率更高（5.2% vs 2.2%，领先3.0%），CoStar Group同比增速更快（26.9% vs 2.5%），CoStar Group自由现金流更多（$101.3M vs $28.9M），过去两年CoStar Group的营收复合增速更高（17.1% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
CSGP vs SCSC — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$766.5M
营收增速更快
CSGP
高出24.3%
2.5%
净利率更高
CSGP
高出3.0%
2.2%
自由现金流更多
CSGP
多$72.4M
$28.9M
两年增速更快
CSGP
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $766.5M |
| 净利润 | $46.5M | $16.5M |
| 毛利率 | 78.6% | 13.4% |
| 营业利润率 | 5.5% | 2.3% |
| 净利率 | 5.2% | 2.2% |
| 营收同比 | 26.9% | 2.5% |
| 净利润同比 | -22.2% | -3.3% |
| 每股收益（稀释后） | $0.12 | $0.75 |
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CSGPSCSC
| Q4 25 | $899.9M | $766.5M | ||
| Q3 25 | $833.6M | $739.6M | ||
| Q2 25 | $781.3M | $812.9M | ||
| Q1 25 | $732.2M | $704.8M | ||
| Q4 24 | $709.4M | $747.5M | ||
| Q3 24 | $692.6M | $775.6M | ||
| Q2 24 | $677.8M | $746.1M | ||
| Q1 24 | $656.4M | $752.6M |
净利润CSGPSCSC
| Q4 25 | $46.5M | $16.5M | ||
| Q3 25 | $-30.9M | $19.9M | ||
| Q2 25 | $6.2M | $20.1M | ||
| Q1 25 | $-14.8M | $17.4M | ||
| Q4 24 | $59.8M | $17.1M | ||
| Q3 24 | $53.0M | $17.0M | ||
| Q2 24 | $19.2M | $16.1M | ||
| Q1 24 | $6.7M | $12.8M |
毛利率CSGPSCSC
| Q4 25 | 78.6% | 13.4% | ||
| Q3 25 | 79.3% | 14.5% | ||
| Q2 25 | 78.5% | 12.9% | ||
| Q1 25 | 79.1% | 14.2% | ||
| Q4 24 | 80.1% | 13.6% | ||
| Q3 24 | 79.7% | 13.1% | ||
| Q2 24 | 80.0% | 13.0% | ||
| Q1 24 | 78.5% | 12.6% |
营业利润率CSGPSCSC
| Q4 25 | 5.5% | 2.3% | ||
| Q3 25 | -6.1% | 3.5% | ||
| Q2 25 | -3.5% | 3.3% | ||
| Q1 25 | -5.8% | 3.2% | ||
| Q4 24 | 5.6% | 2.5% | ||
| Q3 24 | 3.4% | 2.3% | ||
| Q2 24 | -2.4% | 2.9% | ||
| Q1 24 | -6.5% | 2.3% |
净利率CSGPSCSC
| Q4 25 | 5.2% | 2.2% | ||
| Q3 25 | -3.7% | 2.7% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | -2.0% | 2.5% | ||
| Q4 24 | 8.4% | 2.3% | ||
| Q3 24 | 7.7% | 2.2% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 1.0% | 1.7% |
每股收益（稀释后）CSGPSCSC
| Q4 25 | $0.12 | $0.75 | ||
| Q3 25 | $-0.07 | $0.89 | ||
| Q2 25 | $0.01 | $0.87 | ||
| Q1 25 | $-0.04 | $0.74 | ||
| Q4 24 | $0.14 | $0.70 | ||
| Q3 24 | $0.13 | $0.69 | ||
| Q2 24 | $0.05 | $0.66 | ||
| Q1 24 | $0.02 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $910.9M |
| 总资产 | $10.5B | $1.7B |
| 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CSGPSCSC
| Q4 25 | $1.6B | $83.5M | ||
| Q3 25 | $1.9B | $124.9M | ||
| Q2 25 | $3.6B | $126.2M | ||
| Q1 25 | $3.7B | $146.3M | ||
| Q4 24 | $4.7B | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
总债务CSGPSCSC
| 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CSGPSCSC
| Q4 25 | $8.3B | $910.9M | ||
| Q3 25 | $8.6B | $914.0M | ||
| Q2 25 | $8.6B | $906.4M | ||
| Q1 25 | $8.6B | $901.7M | ||
| Q4 24 | $7.6B | $900.7M | ||
| Q3 24 | $7.5B | $920.9M | ||
| Q2 24 | $7.4B | $924.3M | ||
| Q1 24 | $7.3B | $944.1M |
总资产CSGPSCSC
| Q4 25 | $10.5B | $1.7B | ||
| Q3 25 | $10.8B | $1.7B | ||
| Q2 25 | $10.5B | $1.8B | ||
| Q1 25 | $10.4B | $1.7B | ||
| Q4 24 | $9.3B | $1.7B | ||
| Q3 24 | $9.1B | $1.8B | ||
| Q2 24 | $9.1B | $1.8B | ||
| Q1 24 | $9.0B | $1.8B |
负债/权益比CSGPSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $28.9M |
| 自由现金流率自由现金流/营收 | 11.3% | 3.8% |
| 资本支出强度资本支出/营收 | 6.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.87× |
| 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CSGPSCSC
| Q4 25 | $162.1M | $30.8M | ||
| Q3 25 | $68.2M | $23.2M | ||
| Q2 25 | $146.5M | — | ||
| Q1 25 | $53.2M | $66.1M | ||
| Q4 24 | $94.6M | $-6.2M | ||
| Q3 24 | $100.3M | $44.8M | ||
| Q2 24 | $58.1M | — | ||
| Q1 24 | $139.6M | $160.2M |
自由现金流CSGPSCSC
| Q4 25 | $101.3M | $28.9M | ||
| Q3 25 | $-5.5M | $20.8M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | $64.6M | ||
| Q4 24 | $25.2M | $-8.2M | ||
| Q3 24 | $40.2M | $42.5M | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-237.1M | $157.7M |
自由现金流率CSGPSCSC
| Q4 25 | 11.3% | 3.8% | ||
| Q3 25 | -0.7% | 2.8% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | 9.2% | ||
| Q4 24 | 3.6% | -1.1% | ||
| Q3 24 | 5.8% | 5.5% | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | -36.1% | 21.0% |
资本支出强度CSGPSCSC
| Q4 25 | 6.8% | 0.3% | ||
| Q3 25 | 8.8% | 0.3% | ||
| Q2 25 | 15.2% | 0.3% | ||
| Q1 25 | 7.3% | 0.2% | ||
| Q4 24 | 9.8% | 0.3% | ||
| Q3 24 | 8.7% | 0.3% | ||
| Q2 24 | 10.7% | 0.2% | ||
| Q1 24 | 57.4% | 0.3% |
现金转化率CSGPSCSC
| Q4 25 | 3.49× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 1.58× | -0.36× | ||
| Q3 24 | 1.89× | 2.64× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
