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CoStar Group（CSGP）与Virtu Financial, Inc.（VIRT）财务数据对比。点击上方公司名可切换其他公司
Virtu Financial, Inc.的季度营收约是CoStar Group的1.2倍（$1.1B vs $899.9M），Virtu Financial, Inc.净利率更高（31.6% vs 5.2%，领先26.5%），Virtu Financial, Inc.同比增速更快（30.7% vs 26.9%），过去两年Virtu Financial, Inc.的营收复合增速更高（25.7% 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。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
CSGP vs VIRT — 直观对比
营收规模更大
VIRT
是对方的1.2倍
$899.9M
营收增速更快
VIRT
高出3.9%
26.9%
净利率更高
VIRT
高出26.5%
5.2%
两年增速更快
VIRT
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.1B |
| 净利润 | $46.5M | $346.6M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 37.4% |
| 净利率 | 5.2% | 31.6% |
| 营收同比 | 26.9% | 30.7% |
| 净利润同比 | -22.2% | 82.8% |
| 每股收益（稀释后） | $0.12 | $1.99 |
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CSGPVIRT
| Q1 26 | — | $1.1B | ||
| Q4 25 | $899.9M | $969.9M | ||
| Q3 25 | $833.6M | $824.8M | ||
| Q2 25 | $781.3M | $999.6M | ||
| Q1 25 | $732.2M | $837.9M | ||
| Q4 24 | $709.4M | $834.3M | ||
| Q3 24 | $692.6M | $706.8M | ||
| Q2 24 | $677.8M | $693.0M |
净利润CSGPVIRT
| Q1 26 | — | $346.6M | ||
| Q4 25 | $46.5M | $139.9M | ||
| Q3 25 | $-30.9M | $77.6M | ||
| Q2 25 | $6.2M | $151.2M | ||
| Q1 25 | $-14.8M | $99.7M | ||
| Q4 24 | $59.8M | $94.1M | ||
| Q3 24 | $53.0M | $60.0M | ||
| Q2 24 | $19.2M | $66.6M |
毛利率CSGPVIRT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGPVIRT
| Q1 26 | — | 37.4% | ||
| Q4 25 | 5.5% | 35.4% | ||
| Q3 25 | -6.1% | 21.8% | ||
| Q2 25 | -3.5% | 34.7% | ||
| Q1 25 | -5.8% | 26.7% | ||
| Q4 24 | 5.6% | 24.3% | ||
| Q3 24 | 3.4% | 20.8% | ||
| Q2 24 | -2.4% | 22.4% |
净利率CSGPVIRT
| Q1 26 | — | 31.6% | ||
| Q4 25 | 5.2% | 14.4% | ||
| Q3 25 | -3.7% | 9.4% | ||
| Q2 25 | 0.8% | 15.1% | ||
| Q1 25 | -2.0% | 11.9% | ||
| Q4 24 | 8.4% | 11.3% | ||
| Q3 24 | 7.7% | 8.5% | ||
| Q2 24 | 2.8% | 9.6% |
每股收益（稀释后）CSGPVIRT
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.12 | $1.54 | ||
| Q3 25 | $-0.07 | $0.86 | ||
| Q2 25 | $0.01 | $1.65 | ||
| Q1 25 | $-0.04 | $1.08 | ||
| Q4 24 | $0.14 | $1.03 | ||
| Q3 24 | $0.13 | $0.64 | ||
| Q2 24 | $0.05 | $0.71 |
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 | $973.2M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $2.2B |
| 总资产 | $10.5B | $25.1B |
| 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CSGPVIRT
| Q1 26 | — | $973.2M | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.9B | $707.9M | ||
| Q2 25 | $3.6B | $752.1M | ||
| Q1 25 | $3.7B | $723.6M | ||
| Q4 24 | $4.7B | $872.5M | ||
| Q3 24 | — | $701.4M | ||
| Q2 24 | — | $684.8M |
总债务CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | $140.0M | $2.0B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B |
股东权益CSGPVIRT
| Q1 26 | — | $2.2B | ||
| Q4 25 | $8.3B | $1.6B | ||
| Q3 25 | $8.6B | $1.5B | ||
| Q2 25 | $8.6B | $1.4B | ||
| Q1 25 | $8.6B | $1.3B | ||
| Q4 24 | $7.6B | $1.3B | ||
| Q3 24 | $7.5B | $1.2B | ||
| Q2 24 | $7.4B | $1.2B |
总资产CSGPVIRT
| Q1 26 | — | $25.1B | ||
| Q4 25 | $10.5B | $20.2B | ||
| Q3 25 | $10.8B | $21.3B | ||
| Q2 25 | $10.5B | $19.3B | ||
| Q1 25 | $10.4B | $17.5B | ||
| Q4 24 | $9.3B | $15.4B | ||
| Q3 24 | $9.1B | $14.4B | ||
| Q2 24 | $9.1B | $13.9B |
负债/权益比CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 1.29× | ||
| Q3 25 | 0.12× | 1.40× | ||
| Q2 25 | 0.12× | 1.24× | ||
| Q1 25 | 0.12× | 1.33× | ||
| Q4 24 | 0.13× | 1.39× | ||
| Q3 24 | 0.13× | 1.41× | ||
| Q2 24 | 0.14× | 1.41× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 现金转化率经营现金流/净利润 | 3.49× | — |
| 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CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $518.4M | ||
| Q3 25 | $68.2M | $-68.7M | ||
| Q2 25 | $146.5M | $62.8M | ||
| Q1 25 | $53.2M | $15.0M | ||
| Q4 24 | $94.6M | $599.0M | ||
| Q3 24 | $100.3M | $112.1M | ||
| Q2 24 | $58.1M | $490.8M |
自由现金流CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | $495.6M | ||
| Q3 25 | $-5.5M | $-76.7M | ||
| Q2 25 | $27.7M | $57.6M | ||
| Q1 25 | $-500.0K | $9.2M | ||
| Q4 24 | $25.2M | $586.6M | ||
| Q3 24 | $40.2M | $106.2M | ||
| Q2 24 | $-14.7M | $486.9M |
自由现金流率CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 51.1% | ||
| Q3 25 | -0.7% | -9.3% | ||
| Q2 25 | 3.5% | 5.8% | ||
| Q1 25 | -0.1% | 1.1% | ||
| Q4 24 | 3.6% | 70.3% | ||
| Q3 24 | 5.8% | 15.0% | ||
| Q2 24 | -2.2% | 70.3% |
资本支出强度CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 2.4% | ||
| Q3 25 | 8.8% | 1.0% | ||
| Q2 25 | 15.2% | 0.5% | ||
| Q1 25 | 7.3% | 0.7% | ||
| Q4 24 | 9.8% | 1.5% | ||
| Q3 24 | 8.7% | 0.8% | ||
| Q2 24 | 10.7% | 0.6% |
现金转化率CSGPVIRT
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 3.71× | ||
| Q3 25 | — | -0.89× | ||
| Q2 25 | 23.63× | 0.42× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.58× | 6.37× | ||
| Q3 24 | 1.89× | 1.87× | ||
| Q2 24 | 3.03× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
