vs
CoStar Group（CSGP）与Stagwell Inc（STGW）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Stagwell Inc的1.3倍（$899.9M vs $704.1M），CoStar Group净利率更高（5.2% vs -2.0%，领先7.1%），CoStar Group同比增速更快（26.9% vs 8.0%），过去两年CoStar Group的营收复合增速更高（17.1% vs 2.4%）
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。
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
CSGP vs STGW — 直观对比
营收规模更大
CSGP
是对方的1.3倍
$704.1M
营收增速更快
CSGP
高出18.8%
8.0%
净利率更高
CSGP
高出7.1%
-2.0%
两年增速更快
CSGP
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $704.1M |
| 净利润 | $46.5M | $-13.9M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 1.4% |
| 净利率 | 5.2% | -2.0% |
| 营收同比 | 26.9% | 8.0% |
| 净利润同比 | -22.2% | -344.7% |
| 每股收益（稀释后） | $0.12 | $-0.05 |
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CSGPSTGW
| Q1 26 | — | $704.1M | ||
| Q4 25 | $899.9M | $807.4M | ||
| Q3 25 | $833.6M | $743.0M | ||
| Q2 25 | $781.3M | $706.8M | ||
| Q1 25 | $732.2M | $651.7M | ||
| Q4 24 | $709.4M | $788.7M | ||
| Q3 24 | $692.6M | $711.3M | ||
| Q2 24 | $677.8M | $671.2M |
净利润CSGPSTGW
| Q1 26 | — | $-13.9M | ||
| Q4 25 | $46.5M | $12.7M | ||
| Q3 25 | $-30.9M | $24.6M | ||
| Q2 25 | $6.2M | $-5.3M | ||
| Q1 25 | $-14.8M | $-2.9M | ||
| Q4 24 | $59.8M | $3.2M | ||
| Q3 24 | $53.0M | $3.3M | ||
| Q2 24 | $19.2M | $-3.0M |
毛利率CSGPSTGW
| Q1 26 | — | — | ||
| Q4 25 | 78.6% | 37.6% | ||
| Q3 25 | 79.3% | 36.6% | ||
| Q2 25 | 78.5% | 35.0% | ||
| Q1 25 | 79.1% | 36.8% | ||
| Q4 24 | 80.1% | 36.3% | ||
| Q3 24 | 79.7% | 35.7% | ||
| Q2 24 | 80.0% | 34.6% |
营业利润率CSGPSTGW
| Q1 26 | — | 1.4% | ||
| Q4 25 | 5.5% | 7.0% | ||
| Q3 25 | -6.1% | 8.2% | ||
| Q2 25 | -3.5% | 3.3% | ||
| Q1 25 | -5.8% | 2.8% | ||
| Q4 24 | 5.6% | 5.5% | ||
| Q3 24 | 3.4% | 5.9% | ||
| Q2 24 | -2.4% | 3.3% |
净利率CSGPSTGW
| Q1 26 | — | -2.0% | ||
| Q4 25 | 5.2% | 1.6% | ||
| Q3 25 | -3.7% | 3.3% | ||
| Q2 25 | 0.8% | -0.7% | ||
| Q1 25 | -2.0% | -0.4% | ||
| Q4 24 | 8.4% | 0.4% | ||
| Q3 24 | 7.7% | 0.5% | ||
| Q2 24 | 2.8% | -0.4% |
每股收益（稀释后）CSGPSTGW
| Q1 26 | — | $-0.05 | ||
| 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 | $114.9M |
| 总债务越低越好 | $140.0M | $1.4B |
| 股东权益账面价值 | $8.3B | $722.5M |
| 总资产 | $10.5B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资CSGPSTGW
| Q1 26 | — | $114.9M | ||
| Q4 25 | $1.6B | $104.5M | ||
| Q3 25 | $1.9B | $132.2M | ||
| Q2 25 | $3.6B | $181.3M | ||
| Q1 25 | $3.7B | $137.7M | ||
| Q4 24 | $4.7B | $131.3M | ||
| Q3 24 | — | $145.8M | ||
| Q2 24 | — | $136.1M |
总债务CSGPSTGW
| Q1 26 | — | $1.4B | ||
| Q4 25 | $140.0M | $1.3B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.4B |
股东权益CSGPSTGW
| Q1 26 | — | $722.5M | ||
| Q4 25 | $8.3B | $758.4M | ||
| Q3 25 | $8.6B | $749.0M | ||
| Q2 25 | $8.6B | $750.1M | ||
| Q1 25 | $8.6B | $334.4M | ||
| Q4 24 | $7.6B | $331.7M | ||
| Q3 24 | $7.5B | $286.4M | ||
| Q2 24 | $7.4B | $291.6M |
总资产CSGPSTGW
| Q1 26 | — | $4.2B | ||
| Q4 25 | $10.5B | $4.2B | ||
| Q3 25 | $10.8B | $4.3B | ||
| Q2 25 | $10.5B | $4.3B | ||
| Q1 25 | $10.4B | $4.0B | ||
| Q4 24 | $9.3B | $3.9B | ||
| Q3 24 | $9.1B | $3.8B | ||
| Q2 24 | $9.1B | $3.8B |
负债/权益比CSGPSTGW
| Q1 26 | — | 1.99× | ||
| Q4 25 | 0.02× | 1.75× | ||
| Q3 25 | 0.12× | 2.04× | ||
| Q2 25 | 0.12× | 1.95× | ||
| Q1 25 | 0.12× | 4.38× | ||
| Q4 24 | 0.13× | 4.08× | ||
| Q3 24 | 0.13× | 5.11× | ||
| Q2 24 | 0.14× | 4.88× |
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 | $-26.5M |
| 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% | 1.5% |
| 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CSGPSTGW
| Q1 26 | — | $-26.5M | ||
| Q4 25 | $162.1M | $260.3M | ||
| Q3 25 | $68.2M | $-24.0M | ||
| Q2 25 | $146.5M | $114.8M | ||
| Q1 25 | $53.2M | $-60.0M | ||
| Q4 24 | $94.6M | $212.1M | ||
| Q3 24 | $100.3M | $-1.6M | ||
| Q2 24 | $58.1M | $-14.5M |
自由现金流CSGPSTGW
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | $242.9M | ||
| Q3 25 | $-5.5M | $-38.8M | ||
| Q2 25 | $27.7M | $107.1M | ||
| Q1 25 | $-500.0K | $-63.9M | ||
| Q4 24 | $25.2M | $209.9M | ||
| Q3 24 | $40.2M | $-4.3M | ||
| Q2 24 | $-14.7M | $-23.0M |
自由现金流率CSGPSTGW
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 30.1% | ||
| Q3 25 | -0.7% | -5.2% | ||
| Q2 25 | 3.5% | 15.1% | ||
| Q1 25 | -0.1% | -9.8% | ||
| Q4 24 | 3.6% | 26.6% | ||
| Q3 24 | 5.8% | -0.6% | ||
| Q2 24 | -2.2% | -3.4% |
资本支出强度CSGPSTGW
| Q1 26 | — | 1.5% | ||
| Q4 25 | 6.8% | 2.2% | ||
| Q3 25 | 8.8% | 2.0% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 7.3% | 0.6% | ||
| Q4 24 | 9.8% | 0.3% | ||
| Q3 24 | 8.7% | 0.4% | ||
| Q2 24 | 10.7% | 1.3% |
现金转化率CSGPSTGW
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 20.56× | ||
| Q3 25 | — | -0.98× | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 65.56× | ||
| Q3 24 | 1.89× | -0.49× | ||
| Q2 24 | 3.03× | — |
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% |
STGW
| Net | $585.0M | 83% |
| Digital Transformation Net | $97.0M | 14% |
| Other | $22.1M | 3% |
