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CoStar Group（CSGP）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
Frontier Group Holdings, Inc.的季度营收约是CoStar Group的1.1倍（$997.0M vs $899.9M），Frontier Group Holdings, Inc.净利率更高（5.3% vs 5.2%，领先0.1%），CoStar Group同比增速更快（26.9% vs -0.5%），CoStar Group自由现金流更多（$101.3M vs $-113.0M），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.4%）
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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
CSGP vs ULCC — 直观对比
营收规模更大
ULCC
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出27.4%
-0.5%
净利率更高
ULCC
高出0.1%
5.2%
自由现金流更多
CSGP
多$214.3M
$-113.0M
两年增速更快
CSGP
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $997.0M |
| 净利润 | $46.5M | $53.0M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 4.9% |
| 净利率 | 5.2% | 5.3% |
| 营收同比 | 26.9% | -0.5% |
| 净利润同比 | -22.2% | -1.9% |
| 每股收益（稀释后） | $0.12 | $0.24 |
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CSGPULCC
| Q4 25 | $899.9M | $997.0M | ||
| Q3 25 | $833.6M | $886.0M | ||
| Q2 25 | $781.3M | $929.0M | ||
| Q1 25 | $732.2M | $912.0M | ||
| Q4 24 | $709.4M | $1.0B | ||
| Q3 24 | $692.6M | $935.0M | ||
| Q2 24 | $677.8M | $973.0M | ||
| Q1 24 | $656.4M | $865.0M |
净利润CSGPULCC
| Q4 25 | $46.5M | $53.0M | ||
| Q3 25 | $-30.9M | $-77.0M | ||
| Q2 25 | $6.2M | $-70.0M | ||
| Q1 25 | $-14.8M | $-43.0M | ||
| Q4 24 | $59.8M | $54.0M | ||
| Q3 24 | $53.0M | $26.0M | ||
| Q2 24 | $19.2M | $31.0M | ||
| Q1 24 | $6.7M | $-26.0M |
毛利率CSGPULCC
| 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CSGPULCC
| Q4 25 | 5.5% | 4.9% | ||
| Q3 25 | -6.1% | -8.7% | ||
| Q2 25 | -3.5% | -8.1% | ||
| Q1 25 | -5.8% | -5.0% | ||
| Q4 24 | 5.6% | 4.5% | ||
| Q3 24 | 3.4% | 2.0% | ||
| Q2 24 | -2.4% | 2.6% | ||
| Q1 24 | -6.5% | -3.6% |
净利率CSGPULCC
| Q4 25 | 5.2% | 5.3% | ||
| Q3 25 | -3.7% | -8.7% | ||
| Q2 25 | 0.8% | -7.5% | ||
| Q1 25 | -2.0% | -4.7% | ||
| Q4 24 | 8.4% | 5.4% | ||
| Q3 24 | 7.7% | 2.8% | ||
| Q2 24 | 2.8% | 3.2% | ||
| Q1 24 | 1.0% | -3.0% |
每股收益（稀释后）CSGPULCC
| Q4 25 | $0.12 | $0.24 | ||
| Q3 25 | $-0.07 | $-0.34 | ||
| Q2 25 | $0.01 | $-0.31 | ||
| Q1 25 | $-0.04 | $-0.19 | ||
| Q4 24 | $0.14 | $0.24 | ||
| Q3 24 | $0.13 | $0.11 | ||
| Q2 24 | $0.05 | $0.14 | ||
| Q1 24 | $0.02 | $-0.12 |
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 | $671.0M |
| 总债务越低越好 | $140.0M | $620.0M |
| 股东权益账面价值 | $8.3B | $491.0M |
| 总资产 | $10.5B | $7.2B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资CSGPULCC
| Q4 25 | $1.6B | $671.0M | ||
| Q3 25 | $1.9B | $566.0M | ||
| Q2 25 | $3.6B | $563.0M | ||
| Q1 25 | $3.7B | $686.0M | ||
| Q4 24 | $4.7B | $740.0M | ||
| Q3 24 | — | $576.0M | ||
| Q2 24 | — | $658.0M | ||
| Q1 24 | — | $622.0M |
总债务CSGPULCC
| Q4 25 | $140.0M | $620.0M | ||
| Q3 25 | $1.0B | $673.0M | ||
| Q2 25 | $1.0B | $565.0M | ||
| Q1 25 | $1.0B | $512.0M | ||
| Q4 24 | $1.0B | $507.0M | ||
| Q3 24 | $1.0B | $474.0M | ||
| Q2 24 | $1.0B | $455.0M | ||
| Q1 24 | $1.0B | $469.0M |
股东权益CSGPULCC
| Q4 25 | $8.3B | $491.0M | ||
| Q3 25 | $8.6B | $434.0M | ||
| Q2 25 | $8.6B | $506.0M | ||
| Q1 25 | $8.6B | $570.0M | ||
| Q4 24 | $7.6B | $604.0M | ||
| Q3 24 | $7.5B | $549.0M | ||
| Q2 24 | $7.4B | $520.0M | ||
| Q1 24 | $7.3B | $484.0M |
总资产CSGPULCC
| Q4 25 | $10.5B | $7.2B | ||
| Q3 25 | $10.8B | $6.7B | ||
| Q2 25 | $10.5B | $6.5B | ||
| Q1 25 | $10.4B | $6.5B | ||
| Q4 24 | $9.3B | $6.2B | ||
| Q3 24 | $9.1B | $5.8B | ||
| Q2 24 | $9.1B | $5.7B | ||
| Q1 24 | $9.0B | $5.2B |
负债/权益比CSGPULCC
| Q4 25 | 0.02× | 1.26× | ||
| Q3 25 | 0.12× | 1.55× | ||
| Q2 25 | 0.12× | 1.12× | ||
| Q1 25 | 0.12× | 0.90× | ||
| Q4 24 | 0.13× | 0.84× | ||
| Q3 24 | 0.13× | 0.86× | ||
| Q2 24 | 0.14× | 0.88× | ||
| Q1 24 | 0.14× | 0.97× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-113.0M |
| 自由现金流率自由现金流/营收 | 11.3% | -11.3% |
| 资本支出强度资本支出/营收 | 6.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.49× | -1.72× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-600.0M |
8季度趋势，按日历期对齐
经营现金流CSGPULCC
| Q4 25 | $162.1M | $-91.0M | ||
| Q3 25 | $68.2M | $-215.0M | ||
| Q2 25 | $146.5M | $-133.0M | ||
| Q1 25 | $53.2M | $-86.0M | ||
| Q4 24 | $94.6M | $87.0M | ||
| Q3 24 | $100.3M | $-156.0M | ||
| Q2 24 | $58.1M | $9.0M | ||
| Q1 24 | $139.6M | $-22.0M |
自由现金流CSGPULCC
| Q4 25 | $101.3M | $-113.0M | ||
| Q3 25 | $-5.5M | $-217.0M | ||
| Q2 25 | $27.7M | $-166.0M | ||
| Q1 25 | $-500.0K | $-104.0M | ||
| Q4 24 | $25.2M | $73.0M | ||
| Q3 24 | $40.2M | $-170.0M | ||
| Q2 24 | $-14.7M | $-22.0M | ||
| Q1 24 | $-237.1M | $-39.0M |
自由现金流率CSGPULCC
| Q4 25 | 11.3% | -11.3% | ||
| Q3 25 | -0.7% | -24.5% | ||
| Q2 25 | 3.5% | -17.9% | ||
| Q1 25 | -0.1% | -11.4% | ||
| Q4 24 | 3.6% | 7.3% | ||
| Q3 24 | 5.8% | -18.2% | ||
| Q2 24 | -2.2% | -2.3% | ||
| Q1 24 | -36.1% | -4.5% |
资本支出强度CSGPULCC
| Q4 25 | 6.8% | 2.2% | ||
| Q3 25 | 8.8% | 0.2% | ||
| Q2 25 | 15.2% | 3.6% | ||
| Q1 25 | 7.3% | 2.0% | ||
| Q4 24 | 9.8% | 1.4% | ||
| Q3 24 | 8.7% | 1.5% | ||
| Q2 24 | 10.7% | 3.2% | ||
| Q1 24 | 57.4% | 2.0% |
现金转化率CSGPULCC
| Q4 25 | 3.49× | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 1.61× | ||
| Q3 24 | 1.89× | -6.00× | ||
| Q2 24 | 3.03× | 0.29× | ||
| 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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
