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CoStar Group（CSGP）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是CoStar Group的1.1倍（$969.8M vs $899.9M），天宝净利率更高（16.1% vs 5.2%，领先11.0%），CoStar Group同比增速更快（26.9% vs -73.7%），天宝自由现金流更多（$360.9M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
CSGP vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出100.5%
-73.7%
净利率更高
TRMB
高出11.0%
5.2%
自由现金流更多
TRMB
多$259.6M
$101.3M
两年增速更快
CSGP
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $969.8M |
| 净利润 | $46.5M | $156.6M |
| 毛利率 | 78.6% | 72.0% |
| 营业利润率 | 5.5% | 22.3% |
| 净利率 | 5.2% | 16.1% |
| 营收同比 | 26.9% | -73.7% |
| 净利润同比 | -22.2% | 73.6% |
| 每股收益（稀释后） | $0.12 | $0.65 |
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CSGPTRMB
| Q4 25 | $899.9M | $901.2M | ||
| Q3 25 | $833.6M | $875.7M | ||
| Q2 25 | $781.3M | $840.6M | ||
| Q1 25 | $732.2M | $983.4M | ||
| Q4 24 | $709.4M | — | ||
| Q3 24 | $692.6M | $875.8M | ||
| Q2 24 | $677.8M | $870.8M | ||
| Q1 24 | $656.4M | $953.3M |
净利润CSGPTRMB
| Q4 25 | $46.5M | $111.5M | ||
| Q3 25 | $-30.9M | $89.2M | ||
| Q2 25 | $6.2M | $66.7M | ||
| Q1 25 | $-14.8M | $90.2M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $53.0M | $40.6M | ||
| Q2 24 | $19.2M | $1.3B | ||
| Q1 24 | $6.7M | $57.2M |
毛利率CSGPTRMB
| Q4 25 | 78.6% | 68.9% | ||
| Q3 25 | 79.3% | 68.3% | ||
| Q2 25 | 78.5% | 66.7% | ||
| Q1 25 | 79.1% | 69.3% | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | 65.7% | ||
| Q2 24 | 80.0% | 62.7% | ||
| Q1 24 | 78.5% | 62.3% |
营业利润率CSGPTRMB
| Q4 25 | 5.5% | 16.7% | ||
| Q3 25 | -6.1% | 14.6% | ||
| Q2 25 | -3.5% | 11.6% | ||
| Q1 25 | -5.8% | 17.6% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 3.4% | 13.3% | ||
| Q2 24 | -2.4% | 7.1% | ||
| Q1 24 | -6.5% | 11.5% |
净利率CSGPTRMB
| Q4 25 | 5.2% | 12.4% | ||
| Q3 25 | -3.7% | 10.2% | ||
| Q2 25 | 0.8% | 7.9% | ||
| Q1 25 | -2.0% | 9.2% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.7% | 4.6% | ||
| Q2 24 | 2.8% | 151.2% | ||
| Q1 24 | 1.0% | 6.0% |
每股收益（稀释后）CSGPTRMB
| Q4 25 | $0.12 | $0.46 | ||
| Q3 25 | $-0.07 | $0.37 | ||
| Q2 25 | $0.01 | $0.27 | ||
| Q1 25 | $-0.04 | $0.36 | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.13 | $0.16 | ||
| Q2 24 | $0.05 | $5.34 | ||
| Q1 24 | $0.02 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | $140.0M | $1.4B |
| 股东权益账面价值 | $8.3B | $5.8B |
| 总资产 | $10.5B | $9.3B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CSGPTRMB
| Q4 25 | $1.6B | $232.7M | ||
| Q3 25 | $1.9B | $265.9M | ||
| Q2 25 | $3.6B | $290.0M | ||
| Q1 25 | $3.7B | $738.8M | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $944.1M | ||
| Q1 24 | — | $255.1M |
总债务CSGPTRMB
| Q4 25 | $140.0M | $1.4B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPTRMB
| Q4 25 | $8.3B | $5.8B | ||
| Q3 25 | $8.6B | $5.7B | ||
| Q2 25 | $8.6B | $5.4B | ||
| Q1 25 | $8.6B | $5.7B | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.5B | $5.9B | ||
| Q2 24 | $7.4B | $5.6B | ||
| Q1 24 | $7.3B | $4.3B |
总资产CSGPTRMB
| Q4 25 | $10.5B | $9.0B | ||
| Q3 25 | $10.8B | $9.1B | ||
| Q2 25 | $10.5B | $8.9B | ||
| Q1 25 | $10.4B | $9.5B | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | $9.1B | $9.9B | ||
| Q2 24 | $9.1B | $9.6B | ||
| Q1 24 | $9.0B | $9.3B |
负债/权益比CSGPTRMB
| Q4 25 | 0.02× | 0.24× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | 0.24× | ||
| 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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $360.9M |
| 自由现金流率自由现金流/营收 | 11.3% | 37.2% |
| 资本支出强度资本支出/营收 | 6.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 3.49× | 2.47× |
| 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CSGPTRMB
| Q4 25 | $162.1M | — | ||
| Q3 25 | $68.2M | $123.8M | ||
| Q2 25 | $146.5M | $155.6M | ||
| Q1 25 | $53.2M | $115.1M | ||
| Q4 24 | $94.6M | — | ||
| Q3 24 | $100.3M | $94.9M | ||
| Q2 24 | $58.1M | $87.6M | ||
| Q1 24 | $139.6M | $233.8M |
自由现金流CSGPTRMB
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | $116.6M | ||
| Q2 25 | $27.7M | $149.0M | ||
| Q1 25 | $-500.0K | $109.0M | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | $88.5M | ||
| Q2 24 | $-14.7M | $73.3M | ||
| Q1 24 | $-237.1M | $227.0M |
自由现金流率CSGPTRMB
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | 13.3% | ||
| Q2 25 | 3.5% | 17.7% | ||
| Q1 25 | -0.1% | 11.1% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | 10.1% | ||
| Q2 24 | -2.2% | 8.4% | ||
| Q1 24 | -36.1% | 23.8% |
资本支出强度CSGPTRMB
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | 0.8% | ||
| Q2 25 | 15.2% | 0.8% | ||
| Q1 25 | 7.3% | 0.6% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | 0.7% | ||
| Q2 24 | 10.7% | 1.6% | ||
| Q1 24 | 57.4% | 0.7% |
现金转化率CSGPTRMB
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | 23.63× | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | 2.34× | ||
| Q2 24 | 3.03× | 0.07× | ||
| Q1 24 | 20.84× | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
