vs
CoStar Group（CSGP）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是CoStar Group的1.7倍（$1.5B vs $899.9M），CoStar Group净利率更高（5.2% vs 1.9%，领先3.3%），TUTOR PERINI CORP同比增速更快（41.2% vs 26.9%），CoStar Group自由现金流更多（$101.3M vs $98.7M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% 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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
CSGP vs TPC — 直观对比
营收规模更大
TPC
是对方的1.7倍
$899.9M
营收增速更快
TPC
高出14.3%
26.9%
净利率更高
CSGP
高出3.3%
1.9%
自由现金流更多
CSGP
多$2.6M
$98.7M
两年增速更快
TPC
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.5B |
| 净利润 | $46.5M | $28.8M |
| 毛利率 | 78.6% | 9.8% |
| 营业利润率 | 5.5% | 3.3% |
| 净利率 | 5.2% | 1.9% |
| 营收同比 | 26.9% | 41.2% |
| 净利润同比 | -22.2% | 136.3% |
| 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CSGPTPC
| Q4 25 | $899.9M | $1.5B | ||
| Q3 25 | $833.6M | $1.4B | ||
| Q2 25 | $781.3M | $1.4B | ||
| Q1 25 | $732.2M | $1.2B | ||
| Q4 24 | $709.4M | $1.1B | ||
| Q3 24 | $692.6M | $1.1B | ||
| Q2 24 | $677.8M | $1.1B | ||
| Q1 24 | $656.4M | $1.0B |
净利润CSGPTPC
| Q4 25 | $46.5M | $28.8M | ||
| Q3 25 | $-30.9M | $3.6M | ||
| Q2 25 | $6.2M | $20.0M | ||
| Q1 25 | $-14.8M | $28.0M | ||
| Q4 24 | $59.8M | $-79.4M | ||
| Q3 24 | $53.0M | $-100.9M | ||
| Q2 24 | $19.2M | $812.0K | ||
| Q1 24 | $6.7M | $15.8M |
毛利率CSGPTPC
| Q4 25 | 78.6% | 9.8% | ||
| Q3 25 | 79.3% | 12.0% | ||
| Q2 25 | 78.5% | 14.3% | ||
| Q1 25 | 79.1% | 10.8% | ||
| Q4 24 | 80.1% | -0.9% | ||
| Q3 24 | 79.7% | -2.4% | ||
| Q2 24 | 80.0% | 10.4% | ||
| Q1 24 | 78.5% | 11.0% |
营业利润率CSGPTPC
| Q4 25 | 5.5% | 3.3% | ||
| Q3 25 | -6.1% | 2.8% | ||
| Q2 25 | -3.5% | 5.6% | ||
| Q1 25 | -5.8% | 5.2% | ||
| Q4 24 | 5.6% | -8.1% | ||
| Q3 24 | 3.4% | -9.9% | ||
| Q2 24 | -2.4% | 3.6% | ||
| Q1 24 | -6.5% | 4.7% |
净利率CSGPTPC
| Q4 25 | 5.2% | 1.9% | ||
| Q3 25 | -3.7% | 0.3% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | -2.0% | 2.2% | ||
| Q4 24 | 8.4% | -7.4% | ||
| Q3 24 | 7.7% | -9.3% | ||
| Q2 24 | 2.8% | 0.1% | ||
| Q1 24 | 1.0% | 1.5% |
每股收益（稀释后）CSGPTPC
| Q4 25 | $0.12 | $0.53 | ||
| Q3 25 | $-0.07 | $0.07 | ||
| Q2 25 | $0.01 | $0.38 | ||
| Q1 25 | $-0.04 | $0.53 | ||
| Q4 24 | $0.14 | $-1.53 | ||
| Q3 24 | $0.13 | $-1.92 | ||
| Q2 24 | $0.05 | $0.02 | ||
| Q1 24 | $0.02 | $0.30 |
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 | $734.6M |
| 总债务越低越好 | $140.0M | $407.4M |
| 股东权益账面价值 | $8.3B | $1.2B |
| 总资产 | $10.5B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CSGPTPC
| Q4 25 | $1.6B | $734.6M | ||
| Q3 25 | $1.9B | $695.7M | ||
| Q2 25 | $3.6B | $526.1M | ||
| Q1 25 | $3.7B | $276.5M | ||
| Q4 24 | $4.7B | $455.1M | ||
| Q3 24 | — | $287.4M | ||
| Q2 24 | — | $267.1M | ||
| Q1 24 | — | $358.3M |
总债务CSGPTPC
| Q4 25 | $140.0M | $407.4M | ||
| Q3 25 | $1.0B | $413.1M | ||
| Q2 25 | $1.0B | $419.4M | ||
| Q1 25 | $1.0B | $405.6M | ||
| Q4 24 | $1.0B | $534.1M | ||
| Q3 24 | $1.0B | $681.4M | ||
| Q2 24 | $1.0B | $676.4M | ||
| Q1 24 | $1.0B | $801.2M |
股东权益CSGPTPC
| Q4 25 | $8.3B | $1.2B | ||
| Q3 25 | $8.6B | $1.2B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.2B | ||
| Q4 24 | $7.6B | $1.1B | ||
| Q3 24 | $7.5B | $1.2B | ||
| Q2 24 | $7.4B | $1.3B | ||
| Q1 24 | $7.3B | $1.3B |
总资产CSGPTPC
| Q4 25 | $10.5B | $5.2B | ||
| Q3 25 | $10.8B | $5.2B | ||
| Q2 25 | $10.5B | $4.9B | ||
| Q1 25 | $10.4B | $4.5B | ||
| Q4 24 | $9.3B | $4.2B | ||
| Q3 24 | $9.1B | $4.4B | ||
| Q2 24 | $9.1B | $4.3B | ||
| Q1 24 | $9.0B | $4.4B |
负债/权益比CSGPTPC
| Q4 25 | 0.02× | 0.33× | ||
| Q3 25 | 0.12× | 0.35× | ||
| Q2 25 | 0.12× | 0.35× | ||
| Q1 25 | 0.12× | 0.35× | ||
| Q4 24 | 0.13× | 0.47× | ||
| Q3 24 | 0.13× | 0.56× | ||
| Q2 24 | 0.14× | 0.52× | ||
| Q1 24 | 0.14× | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $98.7M |
| 自由现金流率自由现金流/营收 | 11.3% | 6.5% |
| 资本支出强度资本支出/营收 | 6.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $567.2M |
8季度趋势，按日历期对齐
经营现金流CSGPTPC
| Q4 25 | $162.1M | $173.7M | ||
| Q3 25 | $68.2M | $289.1M | ||
| Q2 25 | $146.5M | $262.4M | ||
| Q1 25 | $53.2M | $22.9M | ||
| Q4 24 | $94.6M | $329.6M | ||
| Q3 24 | $100.3M | $22.6M | ||
| Q2 24 | $58.1M | $53.1M | ||
| Q1 24 | $139.6M | $98.3M |
自由现金流CSGPTPC
| Q4 25 | $101.3M | $98.7M | ||
| Q3 25 | $-5.5M | $240.2M | ||
| Q2 25 | $27.7M | $235.6M | ||
| Q1 25 | $-500.0K | $-7.2M | ||
| Q4 24 | $25.2M | $320.4M | ||
| Q3 24 | $40.2M | $15.6M | ||
| Q2 24 | $-14.7M | $42.2M | ||
| Q1 24 | $-237.1M | $87.8M |
自由现金流率CSGPTPC
| Q4 25 | 11.3% | 6.5% | ||
| Q3 25 | -0.7% | 17.0% | ||
| Q2 25 | 3.5% | 17.1% | ||
| Q1 25 | -0.1% | -0.6% | ||
| Q4 24 | 3.6% | 30.0% | ||
| Q3 24 | 5.8% | 1.4% | ||
| Q2 24 | -2.2% | 3.7% | ||
| Q1 24 | -36.1% | 8.4% |
资本支出强度CSGPTPC
| Q4 25 | 6.8% | 5.0% | ||
| Q3 25 | 8.8% | 3.5% | ||
| Q2 25 | 15.2% | 2.0% | ||
| Q1 25 | 7.3% | 2.4% | ||
| Q4 24 | 9.8% | 0.9% | ||
| Q3 24 | 8.7% | 0.6% | ||
| Q2 24 | 10.7% | 1.0% | ||
| Q1 24 | 57.4% | 1.0% |
现金转化率CSGPTPC
| Q4 25 | 3.49× | 6.02× | ||
| Q3 25 | — | 79.63× | ||
| Q2 25 | 23.63× | 13.14× | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | 65.44× | ||
| Q1 24 | 20.84× | 6.24× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
