vs
CoStar Group（CSGP）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是CoStar Group的1.1倍（$972.6M vs $899.9M），Tri Pointe Homes, 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 -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
CSGP vs TPH — 直观对比
营收规模更大
TPH
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出49.3%
-22.4%
净利率更高
TPH
高出1.0%
5.2%
自由现金流更多
TPH
多$111.9M
$101.3M
两年增速更快
CSGP
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $972.6M |
| 净利润 | $46.5M | $60.2M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 8.1% |
| 净利率 | 5.2% | 6.2% |
| 营收同比 | 26.9% | -22.4% |
| 净利润同比 | -22.2% | -53.4% |
| 每股收益（稀释后） | $0.12 | $0.70 |
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CSGPTPH
| Q4 25 | $899.9M | $972.6M | ||
| Q3 25 | $833.6M | $854.7M | ||
| Q2 25 | $781.3M | $902.4M | ||
| Q1 25 | $732.2M | $740.9M | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.1B | ||
| Q2 24 | $677.8M | $1.2B | ||
| Q1 24 | $656.4M | $939.4M |
净利润CSGPTPH
| Q4 25 | $46.5M | $60.2M | ||
| Q3 25 | $-30.9M | $56.1M | ||
| Q2 25 | $6.2M | $60.7M | ||
| Q1 25 | $-14.8M | $64.0M | ||
| Q4 24 | $59.8M | $129.2M | ||
| Q3 24 | $53.0M | $111.8M | ||
| Q2 24 | $19.2M | $118.0M | ||
| Q1 24 | $6.7M | $99.1M |
毛利率CSGPTPH
| 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% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPTPH
| Q4 25 | 5.5% | 8.1% | ||
| Q3 25 | -6.1% | 8.1% | ||
| Q2 25 | -3.5% | 8.5% | ||
| Q1 25 | -5.8% | 10.4% | ||
| Q4 24 | 5.6% | 13.4% | ||
| Q3 24 | 3.4% | 12.6% | ||
| Q2 24 | -2.4% | 12.9% | ||
| Q1 24 | -6.5% | 12.3% |
净利率CSGPTPH
| Q4 25 | 5.2% | 6.2% | ||
| Q3 25 | -3.7% | 6.6% | ||
| Q2 25 | 0.8% | 6.7% | ||
| Q1 25 | -2.0% | 8.6% | ||
| Q4 24 | 8.4% | 10.3% | ||
| Q3 24 | 7.7% | 9.8% | ||
| Q2 24 | 2.8% | 10.2% | ||
| Q1 24 | 1.0% | 10.5% |
每股收益（稀释后）CSGPTPH
| Q4 25 | $0.12 | $0.70 | ||
| Q3 25 | $-0.07 | $0.64 | ||
| Q2 25 | $0.01 | $0.68 | ||
| Q1 25 | $-0.04 | $0.70 | ||
| Q4 24 | $0.14 | $1.37 | ||
| Q3 24 | $0.13 | $1.18 | ||
| Q2 24 | $0.05 | $1.25 | ||
| Q1 24 | $0.02 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $3.3B |
| 总资产 | $10.5B | $5.0B |
| 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CSGPTPH
| Q4 25 | $1.6B | $982.8M | ||
| Q3 25 | $1.9B | $792.0M | ||
| Q2 25 | $3.6B | $622.6M | ||
| Q1 25 | $3.7B | $812.9M | ||
| Q4 24 | $4.7B | $970.0M | ||
| Q3 24 | — | $676.0M | ||
| Q2 24 | — | $492.9M | ||
| Q1 24 | — | $944.0M |
总债务CSGPTPH
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $646.5M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPTPH
| Q4 25 | $8.3B | $3.3B | ||
| Q3 25 | $8.6B | $3.3B | ||
| Q2 25 | $8.6B | $3.3B | ||
| Q1 25 | $8.6B | $3.3B | ||
| Q4 24 | $7.6B | $3.3B | ||
| Q3 24 | $7.5B | $3.2B | ||
| Q2 24 | $7.4B | $3.1B | ||
| Q1 24 | $7.3B | $3.0B |
总资产CSGPTPH
| Q4 25 | $10.5B | $5.0B | ||
| Q3 25 | $10.8B | $5.0B | ||
| Q2 25 | $10.5B | $4.8B | ||
| Q1 25 | $10.4B | $4.8B | ||
| Q4 24 | $9.3B | $4.9B | ||
| Q3 24 | $9.1B | $4.8B | ||
| Q2 24 | $9.1B | $4.6B | ||
| Q1 24 | $9.0B | $5.0B |
负债/权益比CSGPTPH
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $213.2M |
| 自由现金流率自由现金流/营收 | 11.3% | 21.9% |
| 资本支出强度资本支出/营收 | 6.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.49× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $128.5M |
8季度趋势，按日历期对齐
经营现金流CSGPTPH
| Q4 25 | $162.1M | $221.0M | ||
| Q3 25 | $68.2M | $45.9M | ||
| Q2 25 | $146.5M | $-74.3M | ||
| Q1 25 | $53.2M | $-31.2M | ||
| Q4 24 | $94.6M | $360.3M | ||
| Q3 24 | $100.3M | $167.9M | ||
| Q2 24 | $58.1M | $23.1M | ||
| Q1 24 | $139.6M | $144.7M |
自由现金流CSGPTPH
| Q4 25 | $101.3M | $213.2M | ||
| Q3 25 | $-5.5M | $39.1M | ||
| Q2 25 | $27.7M | $-84.5M | ||
| Q1 25 | $-500.0K | $-39.3M | ||
| Q4 24 | $25.2M | $355.9M | ||
| Q3 24 | $40.2M | $161.5M | ||
| Q2 24 | $-14.7M | $17.0M | ||
| Q1 24 | $-237.1M | $138.3M |
自由现金流率CSGPTPH
| Q4 25 | 11.3% | 21.9% | ||
| Q3 25 | -0.7% | 4.6% | ||
| Q2 25 | 3.5% | -9.4% | ||
| Q1 25 | -0.1% | -5.3% | ||
| Q4 24 | 3.6% | 28.4% | ||
| Q3 24 | 5.8% | 14.1% | ||
| Q2 24 | -2.2% | 1.5% | ||
| Q1 24 | -36.1% | 14.7% |
资本支出强度CSGPTPH
| Q4 25 | 6.8% | 0.8% | ||
| Q3 25 | 8.8% | 0.8% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 7.3% | 1.1% | ||
| Q4 24 | 9.8% | 0.3% | ||
| Q3 24 | 8.7% | 0.6% | ||
| Q2 24 | 10.7% | 0.5% | ||
| Q1 24 | 57.4% | 0.7% |
现金转化率CSGPTPH
| Q4 25 | 3.49× | 3.67× | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | 23.63× | -1.22× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | 1.58× | 2.79× | ||
| Q3 24 | 1.89× | 1.50× | ||
| Q2 24 | 3.03× | 0.20× | ||
| Q1 24 | 20.84× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
