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CoStar Group（CSGP）与Teladoc Health, Inc.（TDOC）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Teladoc Health, Inc.的1.5倍（$899.9M vs $613.8M），CoStar Group净利率更高（5.2% vs -10.4%，领先15.6%），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 $-26.3M），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。
泰莱达克健康是一家跨国远程医疗与虚拟医疗企业，2002年成立，总部位于美国纽约。公司核心业务涵盖远程问诊、医学意见咨询、人工智能与数据分析、远程医疗设备及可授权平台服务，主要通过电话、视频会议软件与移动应用，为用户提供随时可及的远程医疗服务。
CSGP vs TDOC — 直观对比
营收规模更大
CSGP
是对方的1.5倍
$613.8M
营收增速更快
CSGP
高出29.3%
-2.5%
净利率更高
CSGP
高出15.6%
-10.4%
自由现金流更多
CSGP
多$127.6M
$-26.3M
两年增速更快
CSGP
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $613.8M |
| 净利润 | $46.5M | $-63.8M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | -10.1% |
| 净利率 | 5.2% | -10.4% |
| 营收同比 | 26.9% | -2.5% |
| 净利润同比 | -22.2% | 31.4% |
| 每股收益（稀释后） | $0.12 | $-0.36 |
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CSGPTDOC
| Q1 26 | — | $613.8M | ||
| Q4 25 | $899.9M | $642.3M | ||
| Q3 25 | $833.6M | $626.4M | ||
| Q2 25 | $781.3M | $631.9M | ||
| Q1 25 | $732.2M | $629.4M | ||
| Q4 24 | $709.4M | $640.5M | ||
| Q3 24 | $692.6M | $640.5M | ||
| Q2 24 | $677.8M | $642.4M |
净利润CSGPTDOC
| Q1 26 | — | $-63.8M | ||
| Q4 25 | $46.5M | — | ||
| Q3 25 | $-30.9M | $-49.5M | ||
| Q2 25 | $6.2M | $-32.7M | ||
| Q1 25 | $-14.8M | $-93.0M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $53.0M | $-33.3M | ||
| Q2 24 | $19.2M | $-837.7M |
毛利率CSGPTDOC
| 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CSGPTDOC
| Q1 26 | — | -10.1% | ||
| Q4 25 | 5.5% | -5.6% | ||
| Q3 25 | -6.1% | -8.3% | ||
| Q2 25 | -3.5% | -8.6% | ||
| Q1 25 | -5.8% | -19.2% | ||
| Q4 24 | 5.6% | -7.5% | ||
| Q3 24 | 3.4% | -6.9% | ||
| Q2 24 | -2.4% | -130.9% |
净利率CSGPTDOC
| Q1 26 | — | -10.4% | ||
| Q4 25 | 5.2% | — | ||
| Q3 25 | -3.7% | -7.9% | ||
| Q2 25 | 0.8% | -5.2% | ||
| Q1 25 | -2.0% | -14.8% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.7% | -5.2% | ||
| Q2 24 | 2.8% | -130.4% |
每股收益（稀释后）CSGPTDOC
| Q1 26 | — | $-0.36 | ||
| Q4 25 | $0.12 | $-0.14 | ||
| Q3 25 | $-0.07 | $-0.28 | ||
| Q2 25 | $0.01 | $-0.19 | ||
| Q1 25 | $-0.04 | $-0.53 | ||
| Q4 24 | $0.14 | $-0.27 | ||
| Q3 24 | $0.13 | $-0.19 | ||
| Q2 24 | $0.05 | $-4.92 |
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 | $750.7M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.3B |
| 总资产 | $10.5B | $2.8B |
| 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CSGPTDOC
| Q1 26 | — | $750.7M | ||
| Q4 25 | $1.6B | $781.1M | ||
| Q3 25 | $1.9B | $726.2M | ||
| Q2 25 | $3.6B | $679.6M | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
总债务CSGPTDOC
| Q1 26 | — | — | ||
| 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 | — |
股东权益CSGPTDOC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $8.3B | $1.4B | ||
| Q3 25 | $8.6B | $1.4B | ||
| Q2 25 | $8.6B | $1.4B | ||
| Q1 25 | $8.6B | $1.4B | ||
| Q4 24 | $7.6B | $1.5B | ||
| Q3 24 | $7.5B | $1.5B | ||
| Q2 24 | $7.4B | $1.5B |
总资产CSGPTDOC
| Q1 26 | — | $2.8B | ||
| Q4 25 | $10.5B | $2.9B | ||
| Q3 25 | $10.8B | $2.9B | ||
| Q2 25 | $10.5B | $2.9B | ||
| Q1 25 | $10.4B | $3.4B | ||
| Q4 24 | $9.3B | $3.5B | ||
| Q3 24 | $9.1B | $3.5B | ||
| Q2 24 | $9.1B | $3.5B |
负债/权益比CSGPTDOC
| Q1 26 | — | — | ||
| 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× | — |
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 | $9.5M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-26.3M |
| 自由现金流率自由现金流/营收 | 11.3% | -4.3% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $123.0M | $246.0M |
8季度趋势，按日历期对齐
经营现金流CSGPTDOC
| Q1 26 | — | $9.5M | ||
| Q4 25 | $162.1M | $87.7M | ||
| Q3 25 | $68.2M | $99.3M | ||
| Q2 25 | $146.5M | $91.4M | ||
| Q1 25 | $53.2M | $15.9M | ||
| Q4 24 | $94.6M | $85.9M | ||
| Q3 24 | $100.3M | $110.2M | ||
| Q2 24 | $58.1M | $88.7M |
自由现金流CSGPTDOC
| Q1 26 | — | $-26.3M | ||
| Q4 25 | $101.3M | $85.1M | ||
| Q3 25 | $-5.5M | $97.0M | ||
| Q2 25 | $27.7M | $90.2M | ||
| Q1 25 | $-500.0K | $13.2M | ||
| Q4 24 | $25.2M | $79.8M | ||
| Q3 24 | $40.2M | $108.6M | ||
| Q2 24 | $-14.7M | $86.8M |
自由现金流率CSGPTDOC
| Q1 26 | — | -4.3% | ||
| Q4 25 | 11.3% | 13.3% | ||
| Q3 25 | -0.7% | 15.5% | ||
| Q2 25 | 3.5% | 14.3% | ||
| Q1 25 | -0.1% | 2.1% | ||
| Q4 24 | 3.6% | 12.5% | ||
| Q3 24 | 5.8% | 17.0% | ||
| Q2 24 | -2.2% | 13.5% |
资本支出强度CSGPTDOC
| Q1 26 | — | 0.3% | ||
| Q4 25 | 6.8% | 0.4% | ||
| Q3 25 | 8.8% | 0.4% | ||
| Q2 25 | 15.2% | 0.2% | ||
| Q1 25 | 7.3% | 0.4% | ||
| Q4 24 | 9.8% | 1.0% | ||
| Q3 24 | 8.7% | 0.2% | ||
| Q2 24 | 10.7% | 0.3% |
现金转化率CSGPTDOC
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| 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% |
TDOC
| U.S | $491.5M | 80% |
| International | $122.3M | 20% |
