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CoStar Group（CSGP）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是CoStar Group的1.5倍（$1.4B vs $899.9M），Taylor Morrison Home Corp净利率更高（7.1% vs 5.2%，领先1.9%），CoStar Group同比增速更快（26.9% vs -26.8%），过去两年CoStar Group的营收复合增速更高（17.1% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
CSGP vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.5倍
$899.9M
营收增速更快
CSGP
高出53.7%
-26.8%
净利率更高
TMHC
高出1.9%
5.2%
两年增速更快
CSGP
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.4B |
| 净利润 | $46.5M | $98.6M |
| 毛利率 | 78.6% | 21.0% |
| 营业利润率 | 5.5% | — |
| 净利率 | 5.2% | 7.1% |
| 营收同比 | 26.9% | -26.8% |
| 净利润同比 | -22.2% | -53.8% |
| 每股收益（稀释后） | $0.12 | $1.12 |
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CSGPTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $899.9M | $2.1B | ||
| Q3 25 | $833.6M | $2.1B | ||
| Q2 25 | $781.3M | $2.0B | ||
| Q1 25 | $732.2M | $1.9B | ||
| Q4 24 | $709.4M | $2.4B | ||
| Q3 24 | $692.6M | $2.1B | ||
| Q2 24 | $677.8M | $2.0B |
净利润CSGPTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $46.5M | $174.0M | ||
| Q3 25 | $-30.9M | $201.4M | ||
| Q2 25 | $6.2M | $193.6M | ||
| Q1 25 | $-14.8M | $213.5M | ||
| Q4 24 | $59.8M | $242.5M | ||
| Q3 24 | $53.0M | $251.1M | ||
| Q2 24 | $19.2M | $199.5M |
毛利率CSGPTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 78.6% | 22.0% | ||
| Q3 25 | 79.3% | 22.7% | ||
| Q2 25 | 78.5% | 23.0% | ||
| Q1 25 | 79.1% | 24.4% | ||
| Q4 24 | 80.1% | 23.9% | ||
| Q3 24 | 79.7% | 25.0% | ||
| Q2 24 | 80.0% | 23.7% |
营业利润率CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | -6.1% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | -2.4% | — |
净利率CSGPTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 5.2% | 8.3% | ||
| Q3 25 | -3.7% | 9.6% | ||
| Q2 25 | 0.8% | 9.5% | ||
| Q1 25 | -2.0% | 11.3% | ||
| Q4 24 | 8.4% | 10.3% | ||
| Q3 24 | 7.7% | 11.8% | ||
| Q2 24 | 2.8% | 10.0% |
每股收益（稀释后）CSGPTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.12 | $1.77 | ||
| Q3 25 | $-0.07 | $2.01 | ||
| Q2 25 | $0.01 | $1.92 | ||
| Q1 25 | $-0.04 | $2.07 | ||
| Q4 24 | $0.14 | $2.29 | ||
| Q3 24 | $0.13 | $2.37 | ||
| Q2 24 | $0.05 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $6.2B |
| 总资产 | $10.5B | $9.8B |
| 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CSGPTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $1.6B | $850.0M | ||
| Q3 25 | $1.9B | $370.6M | ||
| Q2 25 | $3.6B | $130.2M | ||
| Q1 25 | $3.7B | $377.8M | ||
| Q4 24 | $4.7B | $487.2M | ||
| Q3 24 | — | $256.4M | ||
| Q2 24 | — | $246.8M |
总债务CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | $140.0M | $2.3B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.0B | $2.2B |
股东权益CSGPTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $8.3B | $6.3B | ||
| Q3 25 | $8.6B | $6.2B | ||
| Q2 25 | $8.6B | $6.1B | ||
| Q1 25 | $8.6B | $6.0B | ||
| Q4 24 | $7.6B | $5.9B | ||
| Q3 24 | $7.5B | $5.7B | ||
| Q2 24 | $7.4B | $5.5B |
总资产CSGPTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $10.5B | $9.8B | ||
| Q3 25 | $10.8B | $9.6B | ||
| Q2 25 | $10.5B | $9.5B | ||
| Q1 25 | $10.4B | $9.4B | ||
| Q4 24 | $9.3B | $9.3B | ||
| Q3 24 | $9.1B | $9.3B | ||
| Q2 24 | $9.1B | $9.1B |
负债/权益比CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 0.36× | ||
| Q3 25 | 0.12× | 0.35× | ||
| Q2 25 | 0.12× | 0.35× | ||
| Q1 25 | 0.12× | 0.35× | ||
| Q4 24 | 0.13× | 0.36× | ||
| Q3 24 | 0.13× | 0.37× | ||
| Q2 24 | 0.14× | 0.39× |
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 | — |
| 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% | — |
| 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CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $646.4M | ||
| Q3 25 | $68.2M | $219.6M | ||
| Q2 25 | $146.5M | $-126.0M | ||
| Q1 25 | $53.2M | $77.2M | ||
| Q4 24 | $94.6M | $438.2M | ||
| Q3 24 | $100.3M | $135.9M | ||
| Q2 24 | $58.1M | $-233.3M |
自由现金流CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | $635.3M | ||
| Q3 25 | $-5.5M | $206.6M | ||
| Q2 25 | $27.7M | $-133.6M | ||
| Q1 25 | $-500.0K | $68.7M | ||
| Q4 24 | $25.2M | $428.2M | ||
| Q3 24 | $40.2M | $127.1M | ||
| Q2 24 | $-14.7M | $-241.7M |
自由现金流率CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 30.3% | ||
| Q3 25 | -0.7% | 9.9% | ||
| Q2 25 | 3.5% | -6.6% | ||
| Q1 25 | -0.1% | 3.6% | ||
| Q4 24 | 3.6% | 18.2% | ||
| Q3 24 | 5.8% | 6.0% | ||
| Q2 24 | -2.2% | -12.1% |
资本支出强度CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 0.5% | ||
| Q3 25 | 8.8% | 0.6% | ||
| Q2 25 | 15.2% | 0.4% | ||
| Q1 25 | 7.3% | 0.4% | ||
| Q4 24 | 9.8% | 0.4% | ||
| Q3 24 | 8.7% | 0.4% | ||
| Q2 24 | 10.7% | 0.4% |
现金转化率CSGPTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 3.71× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 23.63× | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | 1.58× | 1.81× | ||
| Q3 24 | 1.89× | 0.54× | ||
| Q2 24 | 3.03× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
