vs
CoStar Group（CSGP）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是CoStar Group的1.2倍（$1.0B vs $899.9M），思佳讯净利率更高（7.6% vs 5.2%，领先2.5%），CoStar Group同比增速更快（26.9% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
CSGP vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.2倍
$899.9M
营收增速更快
CSGP
高出18.2%
8.6%
净利率更高
SWKS
高出2.5%
5.2%
自由现金流更多
SWKS
多$237.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.0B |
| 净利润 | $46.5M | $79.2M |
| 毛利率 | 78.6% | 41.3% |
| 营业利润率 | 5.5% | 10.0% |
| 净利率 | 5.2% | 7.6% |
| 营收同比 | 26.9% | 8.6% |
| 净利润同比 | -22.2% | 15.3% |
| 每股收益（稀释后） | $0.12 | $0.53 |
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CSGPSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $899.9M | $1.1B | ||
| Q3 25 | $833.6M | — | ||
| Q2 25 | $781.3M | $965.0M | ||
| Q1 25 | $732.2M | $953.2M | ||
| Q4 24 | $709.4M | $1.1B | ||
| Q3 24 | $692.6M | $1.0B | ||
| Q2 24 | $677.8M | $905.5M |
净利润CSGPSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $46.5M | $141.4M | ||
| Q3 25 | $-30.9M | — | ||
| Q2 25 | $6.2M | $105.0M | ||
| Q1 25 | $-14.8M | $68.7M | ||
| Q4 24 | $59.8M | $162.0M | ||
| Q3 24 | $53.0M | $60.5M | ||
| Q2 24 | $19.2M | $120.9M |
毛利率CSGPSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 78.6% | 40.7% | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | 41.6% | ||
| Q1 25 | 79.1% | 41.1% | ||
| Q4 24 | 80.1% | 41.4% | ||
| Q3 24 | 79.7% | 41.9% | ||
| Q2 24 | 80.0% | 40.2% |
营业利润率CSGPSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 5.5% | 10.1% | ||
| Q3 25 | -6.1% | — | ||
| Q2 25 | -3.5% | 11.5% | ||
| Q1 25 | -5.8% | 10.2% | ||
| Q4 24 | 5.6% | 16.9% | ||
| Q3 24 | 3.4% | 5.8% | ||
| Q2 24 | -2.4% | 14.4% |
净利率CSGPSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.2% | 12.9% | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | 0.8% | 10.9% | ||
| Q1 25 | -2.0% | 7.2% | ||
| Q4 24 | 8.4% | 15.2% | ||
| Q3 24 | 7.7% | 5.9% | ||
| Q2 24 | 2.8% | 13.4% |
每股收益（稀释后）CSGPSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.12 | $0.95 | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.01 | $0.70 | ||
| Q1 25 | $-0.04 | $0.43 | ||
| Q4 24 | $0.14 | $1.00 | ||
| Q3 24 | $0.13 | $0.36 | ||
| Q2 24 | $0.05 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $140.0M | $496.6M |
| 股东权益账面价值 | $8.3B | $5.8B |
| 总资产 | $10.5B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CSGPSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $3.6B | $1.3B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.3B |
总债务CSGPSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $140.0M | $496.4M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | $496.2M | ||
| Q1 25 | $1.0B | $995.1M | ||
| Q4 24 | $1.0B | $994.7M | ||
| Q3 24 | $1.0B | $994.3M | ||
| Q2 24 | $1.0B | $994.0M |
股东权益CSGPSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $8.3B | $5.8B | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $8.6B | $5.7B | ||
| Q1 25 | $8.6B | $5.9B | ||
| Q4 24 | $7.6B | $6.4B | ||
| Q3 24 | $7.5B | $6.3B | ||
| Q2 24 | $7.4B | $6.3B |
总资产CSGPSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $10.5B | $7.9B | ||
| Q3 25 | $10.8B | — | ||
| Q2 25 | $10.5B | $7.7B | ||
| Q1 25 | $10.4B | $7.9B | ||
| Q4 24 | $9.3B | $8.3B | ||
| Q3 24 | $9.1B | $8.3B | ||
| Q2 24 | $9.1B | $8.2B |
负债/权益比CSGPSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.02× | 0.09× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | 0.09× | ||
| Q1 25 | 0.12× | 0.17× | ||
| Q4 24 | 0.13× | 0.16× | ||
| Q3 24 | 0.13× | 0.16× | ||
| Q2 24 | 0.14× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $339.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 32.7% |
| 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× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流CSGPSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $162.1M | $200.0M | ||
| Q3 25 | $68.2M | — | ||
| Q2 25 | $146.5M | $314.2M | ||
| Q1 25 | $53.2M | $409.4M | ||
| Q4 24 | $94.6M | $377.2M | ||
| Q3 24 | $100.3M | $476.1M | ||
| Q2 24 | $58.1M | $273.4M |
自由现金流CSGPSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $101.3M | $144.0M | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $27.7M | $252.7M | ||
| Q1 25 | $-500.0K | $370.9M | ||
| Q4 24 | $25.2M | $338.2M | ||
| Q3 24 | $40.2M | $393.3M | ||
| Q2 24 | $-14.7M | $249.0M |
自由现金流率CSGPSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 11.3% | 13.1% | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 3.5% | 26.2% | ||
| Q1 25 | -0.1% | 38.9% | ||
| Q4 24 | 3.6% | 31.7% | ||
| Q3 24 | 5.8% | 38.4% | ||
| Q2 24 | -2.2% | 27.5% |
资本支出强度CSGPSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 6.8% | 5.1% | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 15.2% | 6.4% | ||
| Q1 25 | 7.3% | 4.0% | ||
| Q4 24 | 9.8% | 3.6% | ||
| Q3 24 | 8.7% | 8.1% | ||
| Q2 24 | 10.7% | 2.7% |
现金转化率CSGPSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 3.49× | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | 1.58× | 2.33× | ||
| Q3 24 | 1.89× | 7.87× | ||
| Q2 24 | 3.03× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
