vs
CoStar Group（CSGP）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是CoStar Group的1.8倍（$1.6B vs $899.9M），Toast, Inc.净利率更高（6.2% vs 5.2%，领先1.0%），CoStar Group同比增速更快（26.9% vs 22.0%），Toast, Inc.自由现金流更多（$178.0M vs $101.3M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 17.1%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
CSGP vs TOST — 直观对比
营收规模更大
TOST
是对方的1.8倍
$899.9M
营收增速更快
CSGP
高出4.8%
22.0%
净利率更高
TOST
高出1.0%
5.2%
自由现金流更多
TOST
多$76.7M
$101.3M
两年增速更快
TOST
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.6B |
| 净利润 | $46.5M | $101.0M |
| 毛利率 | 78.6% | 25.9% |
| 营业利润率 | 5.5% | 5.2% |
| 净利率 | 5.2% | 6.2% |
| 营收同比 | 26.9% | 22.0% |
| 净利润同比 | -22.2% | 215.6% |
| 每股收益（稀释后） | $0.12 | $0.18 |
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CSGPTOST
| Q4 25 | $899.9M | $1.6B | ||
| Q3 25 | $833.6M | $1.6B | ||
| Q2 25 | $781.3M | $1.6B | ||
| Q1 25 | $732.2M | $1.3B | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.3B | ||
| Q2 24 | $677.8M | $1.2B | ||
| Q1 24 | $656.4M | $1.1B |
净利润CSGPTOST
| Q4 25 | $46.5M | $101.0M | ||
| Q3 25 | $-30.9M | $105.0M | ||
| Q2 25 | $6.2M | $80.0M | ||
| Q1 25 | $-14.8M | $56.0M | ||
| Q4 24 | $59.8M | $32.0M | ||
| Q3 24 | $53.0M | $56.0M | ||
| Q2 24 | $19.2M | $14.0M | ||
| Q1 24 | $6.7M | $-83.0M |
毛利率CSGPTOST
| Q4 25 | 78.6% | 25.9% | ||
| Q3 25 | 79.3% | 26.5% | ||
| Q2 25 | 78.5% | 25.3% | ||
| Q1 25 | 79.1% | 25.9% | ||
| Q4 24 | 80.1% | 24.9% | ||
| Q3 24 | 79.7% | 24.7% | ||
| Q2 24 | 80.0% | 23.0% | ||
| Q1 24 | 78.5% | 23.2% |
营业利润率CSGPTOST
| Q4 25 | 5.5% | 5.2% | ||
| Q3 25 | -6.1% | 5.1% | ||
| Q2 25 | -3.5% | 5.2% | ||
| Q1 25 | -5.8% | 3.2% | ||
| Q4 24 | 5.6% | 2.5% | ||
| Q3 24 | 3.4% | 2.6% | ||
| Q2 24 | -2.4% | 0.4% | ||
| Q1 24 | -6.5% | -5.2% |
净利率CSGPTOST
| Q4 25 | 5.2% | 6.2% | ||
| Q3 25 | -3.7% | 6.4% | ||
| Q2 25 | 0.8% | 5.2% | ||
| Q1 25 | -2.0% | 4.2% | ||
| Q4 24 | 8.4% | 2.4% | ||
| Q3 24 | 7.7% | 4.3% | ||
| Q2 24 | 2.8% | 1.1% | ||
| Q1 24 | 1.0% | -7.7% |
每股收益（稀释后）CSGPTOST
| Q4 25 | $0.12 | $0.18 | ||
| Q3 25 | $-0.07 | $0.16 | ||
| Q2 25 | $0.01 | $0.13 | ||
| Q1 25 | $-0.04 | $0.09 | ||
| Q4 24 | $0.14 | $0.09 | ||
| Q3 24 | $0.13 | $0.07 | ||
| Q2 24 | $0.05 | $0.02 | ||
| Q1 24 | $0.02 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $2.1B |
| 总资产 | $10.5B | $3.1B |
| 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CSGPTOST
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.0B | ||
| Q4 24 | $4.7B | $903.0M | ||
| Q3 24 | — | $761.0M | ||
| Q2 24 | — | $691.0M | ||
| Q1 24 | — | $578.0M |
总债务CSGPTOST
| 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CSGPTOST
| Q4 25 | $8.3B | $2.1B | ||
| Q3 25 | $8.6B | $2.0B | ||
| Q2 25 | $8.6B | $1.8B | ||
| Q1 25 | $8.6B | $1.7B | ||
| Q4 24 | $7.6B | $1.5B | ||
| Q3 24 | $7.5B | $1.4B | ||
| Q2 24 | $7.4B | $1.3B | ||
| Q1 24 | $7.3B | $1.2B |
总资产CSGPTOST
| Q4 25 | $10.5B | $3.1B | ||
| Q3 25 | $10.8B | $3.0B | ||
| Q2 25 | $10.5B | $2.8B | ||
| Q1 25 | $10.4B | $2.6B | ||
| Q4 24 | $9.3B | $2.4B | ||
| Q3 24 | $9.1B | $2.2B | ||
| Q2 24 | $9.1B | $2.2B | ||
| Q1 24 | $9.0B | $2.1B |
负债/权益比CSGPTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $178.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 10.9% |
| 资本支出强度资本支出/营收 | 6.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $608.0M |
8季度趋势，按日历期对齐
经营现金流CSGPTOST
| Q4 25 | $162.1M | $194.0M | ||
| Q3 25 | $68.2M | $165.0M | ||
| Q2 25 | $146.5M | $223.0M | ||
| Q1 25 | $53.2M | $79.0M | ||
| Q4 24 | $94.6M | $147.0M | ||
| Q3 24 | $100.3M | $109.0M | ||
| Q2 24 | $58.1M | $124.0M | ||
| Q1 24 | $139.6M | $-20.0M |
自由现金流CSGPTOST
| Q4 25 | $101.3M | $178.0M | ||
| Q3 25 | $-5.5M | $153.0M | ||
| Q2 25 | $27.7M | $208.0M | ||
| Q1 25 | $-500.0K | $69.0M | ||
| Q4 24 | $25.2M | $134.0M | ||
| Q3 24 | $40.2M | $97.0M | ||
| Q2 24 | $-14.7M | $108.0M | ||
| Q1 24 | $-237.1M | $-33.0M |
自由现金流率CSGPTOST
| Q4 25 | 11.3% | 10.9% | ||
| Q3 25 | -0.7% | 9.4% | ||
| Q2 25 | 3.5% | 13.4% | ||
| Q1 25 | -0.1% | 5.2% | ||
| Q4 24 | 3.6% | 10.0% | ||
| Q3 24 | 5.8% | 7.4% | ||
| Q2 24 | -2.2% | 8.7% | ||
| Q1 24 | -36.1% | -3.1% |
资本支出强度CSGPTOST
| Q4 25 | 6.8% | 1.0% | ||
| Q3 25 | 8.8% | 0.7% | ||
| Q2 25 | 15.2% | 1.0% | ||
| Q1 25 | 7.3% | 0.7% | ||
| Q4 24 | 9.8% | 1.0% | ||
| Q3 24 | 8.7% | 0.9% | ||
| Q2 24 | 10.7% | 1.3% | ||
| Q1 24 | 57.4% | 1.2% |
现金转化率CSGPTOST
| Q4 25 | 3.49× | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | 23.63× | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 1.58× | 4.59× | ||
| Q3 24 | 1.89× | 1.95× | ||
| Q2 24 | 3.03× | 8.86× | ||
| Q1 24 | 20.84× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
