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CoStar Group（CSGP）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是Ubiquiti Inc.的1.1倍（$899.9M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 5.2%，领先23.5%），Ubiquiti Inc.同比增速更快（35.8% vs 26.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $101.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
CSGP vs UI — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$814.9M
营收增速更快
UI
高出9.0%
26.9%
净利率更高
UI
高出23.5%
5.2%
自由现金流更多
UI
多$159.0M
$101.3M
两年增速更快
UI
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $814.9M |
| 净利润 | $46.5M | $233.6M |
| 毛利率 | 78.6% | 45.9% |
| 营业利润率 | 5.5% | 35.9% |
| 净利率 | 5.2% | 28.7% |
| 营收同比 | 26.9% | 35.8% |
| 净利润同比 | -22.2% | 70.8% |
| 每股收益（稀释后） | $0.12 | $3.86 |
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CSGPUI
| Q4 25 | $899.9M | $814.9M | ||
| Q3 25 | $833.6M | $733.8M | ||
| Q2 25 | $781.3M | $759.2M | ||
| Q1 25 | $732.2M | $664.2M | ||
| Q4 24 | $709.4M | $599.9M | ||
| Q3 24 | $692.6M | $550.3M | ||
| Q2 24 | $677.8M | $507.5M | ||
| Q1 24 | $656.4M | $493.0M |
净利润CSGPUI
| Q4 25 | $46.5M | $233.6M | ||
| Q3 25 | $-30.9M | $207.9M | ||
| Q2 25 | $6.2M | $266.7M | ||
| Q1 25 | $-14.8M | $180.4M | ||
| Q4 24 | $59.8M | $136.8M | ||
| Q3 24 | $53.0M | $128.0M | ||
| Q2 24 | $19.2M | $103.8M | ||
| Q1 24 | $6.7M | $76.3M |
毛利率CSGPUI
| Q4 25 | 78.6% | 45.9% | ||
| Q3 25 | 79.3% | 46.0% | ||
| Q2 25 | 78.5% | 45.1% | ||
| Q1 25 | 79.1% | 44.5% | ||
| Q4 24 | 80.1% | 41.2% | ||
| Q3 24 | 79.7% | 42.1% | ||
| Q2 24 | 80.0% | 40.2% | ||
| Q1 24 | 78.5% | 35.3% |
营业利润率CSGPUI
| Q4 25 | 5.5% | 35.9% | ||
| Q3 25 | -6.1% | 35.7% | ||
| Q2 25 | -3.5% | 34.4% | ||
| Q1 25 | -5.8% | 34.2% | ||
| Q4 24 | 5.6% | 29.8% | ||
| Q3 24 | 3.4% | 30.7% | ||
| Q2 24 | -2.4% | 27.3% | ||
| Q1 24 | -6.5% | 22.6% |
净利率CSGPUI
| Q4 25 | 5.2% | 28.7% | ||
| Q3 25 | -3.7% | 28.3% | ||
| Q2 25 | 0.8% | 35.1% | ||
| Q1 25 | -2.0% | 27.2% | ||
| Q4 24 | 8.4% | 22.8% | ||
| Q3 24 | 7.7% | 23.3% | ||
| Q2 24 | 2.8% | 20.5% | ||
| Q1 24 | 1.0% | 15.5% |
每股收益（稀释后）CSGPUI
| Q4 25 | $0.12 | $3.86 | ||
| Q3 25 | $-0.07 | $3.43 | ||
| Q2 25 | $0.01 | $4.40 | ||
| Q1 25 | $-0.04 | $2.98 | ||
| Q4 24 | $0.14 | $2.26 | ||
| Q3 24 | $0.13 | $2.12 | ||
| Q2 24 | $0.05 | $1.72 | ||
| Q1 24 | $0.02 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $140.0M | $47.5M |
| 股东权益账面价值 | $8.3B | $1.0B |
| 总资产 | $10.5B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CSGPUI
| Q4 25 | $1.6B | $302.8M | ||
| Q3 25 | $1.9B | $177.2M | ||
| Q2 25 | $3.6B | $149.7M | ||
| Q1 25 | $3.7B | $151.0M | ||
| Q4 24 | $4.7B | $133.1M | ||
| Q3 24 | — | $165.2M | ||
| Q2 24 | — | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务CSGPUI
| Q4 25 | $140.0M | $47.5M | ||
| Q3 25 | $1.0B | $133.8M | ||
| Q2 25 | $1.0B | $250.0M | ||
| Q1 25 | $1.0B | $340.0M | ||
| Q4 24 | $1.0B | $406.3M | ||
| Q3 24 | $1.0B | $552.5M | ||
| Q2 24 | $1.0B | $708.1M | ||
| Q1 24 | $1.0B | $877.5M |
股东权益CSGPUI
| Q4 25 | $8.3B | $1.0B | ||
| Q3 25 | $8.6B | $828.4M | ||
| Q2 25 | $8.6B | $668.3M | ||
| Q1 25 | $8.6B | $436.1M | ||
| Q4 24 | $7.6B | $290.4M | ||
| Q3 24 | $7.5B | $188.1M | ||
| Q2 24 | $7.4B | $95.1M | ||
| Q1 24 | $7.3B | $25.9M |
总资产CSGPUI
| Q4 25 | $10.5B | $1.6B | ||
| Q3 25 | $10.8B | $1.5B | ||
| Q2 25 | $10.5B | $1.5B | ||
| Q1 25 | $10.4B | $1.3B | ||
| Q4 24 | $9.3B | $1.2B | ||
| Q3 24 | $9.1B | $1.2B | ||
| Q2 24 | $9.1B | $1.2B | ||
| Q1 24 | $9.0B | $1.2B |
负债/权益比CSGPUI
| Q4 25 | 0.02× | 0.05× | ||
| Q3 25 | 0.12× | 0.16× | ||
| Q2 25 | 0.12× | 0.37× | ||
| Q1 25 | 0.12× | 0.78× | ||
| Q4 24 | 0.13× | 1.40× | ||
| Q3 24 | 0.13× | 2.94× | ||
| Q2 24 | 0.14× | 7.45× | ||
| Q1 24 | 0.14× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $260.3M |
| 自由现金流率自由现金流/营收 | 11.3% | 31.9% |
| 资本支出强度资本支出/营收 | 6.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流CSGPUI
| Q4 25 | $162.1M | $263.9M | ||
| Q3 25 | $68.2M | $198.5M | ||
| Q2 25 | $146.5M | $130.4M | ||
| Q1 25 | $53.2M | $123.6M | ||
| Q4 24 | $94.6M | $152.4M | ||
| Q3 24 | $100.3M | $233.7M | ||
| Q2 24 | $58.1M | $231.4M | ||
| Q1 24 | $139.6M | $163.9M |
自由现金流CSGPUI
| Q4 25 | $101.3M | $260.3M | ||
| Q3 25 | $-5.5M | $193.3M | ||
| Q2 25 | $27.7M | $125.2M | ||
| Q1 25 | $-500.0K | $120.7M | ||
| Q4 24 | $25.2M | $150.4M | ||
| Q3 24 | $40.2M | $231.1M | ||
| Q2 24 | $-14.7M | $229.5M | ||
| Q1 24 | $-237.1M | $160.6M |
自由现金流率CSGPUI
| Q4 25 | 11.3% | 31.9% | ||
| Q3 25 | -0.7% | 26.3% | ||
| Q2 25 | 3.5% | 16.5% | ||
| Q1 25 | -0.1% | 18.2% | ||
| Q4 24 | 3.6% | 25.1% | ||
| Q3 24 | 5.8% | 42.0% | ||
| Q2 24 | -2.2% | 45.2% | ||
| Q1 24 | -36.1% | 32.6% |
资本支出强度CSGPUI
| Q4 25 | 6.8% | 0.4% | ||
| Q3 25 | 8.8% | 0.7% | ||
| Q2 25 | 15.2% | 0.7% | ||
| Q1 25 | 7.3% | 0.4% | ||
| Q4 24 | 9.8% | 0.3% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 10.7% | 0.4% | ||
| Q1 24 | 57.4% | 0.7% |
现金转化率CSGPUI
| Q4 25 | 3.49× | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | 23.63× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 1.58× | 1.11× | ||
| Q3 24 | 1.89× | 1.83× | ||
| Q2 24 | 3.03× | 2.23× | ||
| Q1 24 | 20.84× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
