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CoStar Group（CSGP）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是CoStar Group的1.8倍（$1.6B vs $899.9M），CoStar Group净利率更高（5.2% vs -2.7%，领先7.9%），CoStar Group同比增速更快（26.9% vs 23.3%），Atlassian Corp自由现金流更多（$168.5M vs $101.3M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
CSGP vs TEAM — 直观对比
营收规模更大
TEAM
是对方的1.8倍
$899.9M
营收增速更快
CSGP
高出3.5%
23.3%
净利率更高
CSGP
高出7.9%
-2.7%
自由现金流更多
TEAM
多$67.2M
$101.3M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.6B |
| 净利润 | $46.5M | $-42.6M |
| 毛利率 | 78.6% | 85.0% |
| 营业利润率 | 5.5% | -3.0% |
| 净利率 | 5.2% | -2.7% |
| 营收同比 | 26.9% | 23.3% |
| 净利润同比 | -22.2% | -11.6% |
| 每股收益（稀释后） | $0.12 | $-0.16 |
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CSGPTEAM
| Q4 25 | $899.9M | $1.6B | ||
| Q3 25 | $833.6M | $1.4B | ||
| Q2 25 | $781.3M | $1.4B | ||
| Q1 25 | $732.2M | $1.4B | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.2B | ||
| Q2 24 | $677.8M | — | ||
| Q1 24 | $656.4M | $1.2B |
净利润CSGPTEAM
| Q4 25 | $46.5M | $-42.6M | ||
| Q3 25 | $-30.9M | $-51.9M | ||
| Q2 25 | $6.2M | $-23.9M | ||
| Q1 25 | $-14.8M | $-70.8M | ||
| Q4 24 | $59.8M | $-38.2M | ||
| Q3 24 | $53.0M | $-123.8M | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $6.7M | $12.8M |
毛利率CSGPTEAM
| Q4 25 | 78.6% | 85.0% | ||
| Q3 25 | 79.3% | 82.0% | ||
| Q2 25 | 78.5% | 83.1% | ||
| Q1 25 | 79.1% | 83.8% | ||
| Q4 24 | 80.1% | 82.7% | ||
| Q3 24 | 79.7% | 81.7% | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | 82.1% |
营业利润率CSGPTEAM
| Q4 25 | 5.5% | -3.0% | ||
| Q3 25 | -6.1% | -6.7% | ||
| Q2 25 | -3.5% | -2.1% | ||
| Q1 25 | -5.8% | -0.9% | ||
| Q4 24 | 5.6% | -4.5% | ||
| Q3 24 | 3.4% | -2.7% | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | -6.5% | 1.5% |
净利率CSGPTEAM
| Q4 25 | 5.2% | -2.7% | ||
| Q3 25 | -3.7% | -3.6% | ||
| Q2 25 | 0.8% | -1.7% | ||
| Q1 25 | -2.0% | -5.2% | ||
| Q4 24 | 8.4% | -3.0% | ||
| Q3 24 | 7.7% | -10.4% | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 1.0% | 1.1% |
每股收益（稀释后）CSGPTEAM
| Q4 25 | $0.12 | $-0.16 | ||
| Q3 25 | $-0.07 | $-0.20 | ||
| Q2 25 | $0.01 | $-0.08 | ||
| Q1 25 | $-0.04 | $-0.27 | ||
| Q4 24 | $0.14 | $-0.15 | ||
| Q3 24 | $0.13 | $-0.48 | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.02 | $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 | $1.6B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.6B |
| 总资产 | $10.5B | $6.2B |
| 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CSGPTEAM
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $3.6B | $2.9B | ||
| Q1 25 | $3.7B | $3.0B | ||
| Q4 24 | $4.7B | $2.5B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.1B |
总债务CSGPTEAM
| 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CSGPTEAM
| Q4 25 | $8.3B | $1.6B | ||
| Q3 25 | $8.6B | $1.4B | ||
| Q2 25 | $8.6B | $1.3B | ||
| Q1 25 | $8.6B | $1.4B | ||
| Q4 24 | $7.6B | $1.2B | ||
| Q3 24 | $7.5B | $1.0B | ||
| Q2 24 | $7.4B | — | ||
| Q1 24 | $7.3B | $1.1B |
总资产CSGPTEAM
| Q4 25 | $10.5B | $6.2B | ||
| Q3 25 | $10.8B | $5.7B | ||
| Q2 25 | $10.5B | $6.0B | ||
| Q1 25 | $10.4B | $5.9B | ||
| Q4 24 | $9.3B | $5.4B | ||
| Q3 24 | $9.1B | $5.0B | ||
| Q2 24 | $9.1B | — | ||
| Q1 24 | $9.0B | $5.1B |
负债/权益比CSGPTEAM
| 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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $168.5M |
| 自由现金流率自由现金流/营收 | 11.3% | 10.6% |
| 资本支出强度资本支出/营收 | 6.8% | 0.6% |
| 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 | $1.3B |
8季度趋势，按日历期对齐
经营现金流CSGPTEAM
| Q4 25 | $162.1M | $177.8M | ||
| Q3 25 | $68.2M | $128.7M | ||
| Q2 25 | $146.5M | $375.3M | ||
| Q1 25 | $53.2M | $652.7M | ||
| Q4 24 | $94.6M | $351.9M | ||
| Q3 24 | $100.3M | $80.5M | ||
| Q2 24 | $58.1M | — | ||
| Q1 24 | $139.6M | $565.4M |
自由现金流CSGPTEAM
| Q4 25 | $101.3M | $168.5M | ||
| Q3 25 | $-5.5M | $114.6M | ||
| Q2 25 | $27.7M | $360.3M | ||
| Q1 25 | $-500.0K | $638.3M | ||
| Q4 24 | $25.2M | $342.6M | ||
| Q3 24 | $40.2M | $74.3M | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-237.1M | $554.9M |
自由现金流率CSGPTEAM
| Q4 25 | 11.3% | 10.6% | ||
| Q3 25 | -0.7% | 8.0% | ||
| Q2 25 | 3.5% | 26.0% | ||
| Q1 25 | -0.1% | 47.0% | ||
| Q4 24 | 3.6% | 26.6% | ||
| Q3 24 | 5.8% | 6.3% | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | -36.1% | 46.7% |
资本支出强度CSGPTEAM
| Q4 25 | 6.8% | 0.6% | ||
| Q3 25 | 8.8% | 1.0% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 7.3% | 1.1% | ||
| Q4 24 | 9.8% | 0.7% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 57.4% | 0.9% |
现金转化率CSGPTEAM
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | 44.34× |
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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
