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CoStar Group（CSGP）与VORNADO REALTY TRUST（VNO）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VORNADO REALTY TRUST的2.0倍（$899.9M vs $459.1M），CoStar Group净利率更高（5.2% vs -5.0%，领先10.1%），CoStar Group同比增速更快（26.9% vs -0.5%），过去两年CoStar Group的营收复合增速更高（17.1% vs 1.0%）
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。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
CSGP vs VNO — 直观对比
营收规模更大
CSGP
是对方的2.0倍
$459.1M
营收增速更快
CSGP
高出27.4%
-0.5%
净利率更高
CSGP
高出10.1%
-5.0%
两年增速更快
CSGP
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $459.1M |
| 净利润 | $46.5M | $-22.8M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | — |
| 净利率 | 5.2% | -5.0% |
| 营收同比 | 26.9% | -0.5% |
| 净利润同比 | -22.2% | 689.3% |
| 每股收益（稀释后） | $0.12 | — |
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CSGPVNO
| Q1 26 | — | $459.1M | ||
| Q4 25 | $899.9M | $453.7M | ||
| Q3 25 | $833.6M | $453.7M | ||
| Q2 25 | $781.3M | $441.4M | ||
| Q1 25 | $732.2M | $461.6M | ||
| Q4 24 | $709.4M | $457.8M | ||
| Q3 24 | $692.6M | $443.3M | ||
| Q2 24 | $677.8M | $450.3M |
净利润CSGPVNO
| Q1 26 | — | $-22.8M | ||
| Q4 25 | $46.5M | $4.9M | ||
| Q3 25 | $-30.9M | $27.1M | ||
| Q2 25 | $6.2M | $759.3M | ||
| Q1 25 | $-14.8M | $102.4M | ||
| Q4 24 | $59.8M | $5.8M | ||
| Q3 24 | $53.0M | $-3.6M | ||
| Q2 24 | $19.2M | $50.8M |
毛利率CSGPVNO
| 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CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 2.8% | ||
| Q3 25 | -6.1% | 3.0% | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -5.8% | 23.2% | ||
| Q4 24 | 5.6% | 2.5% | ||
| Q3 24 | 3.4% | -3.3% | ||
| Q2 24 | -2.4% | 10.1% |
净利率CSGPVNO
| Q1 26 | — | -5.0% | ||
| Q4 25 | 5.2% | 1.1% | ||
| Q3 25 | -3.7% | 6.0% | ||
| Q2 25 | 0.8% | 172.0% | ||
| Q1 25 | -2.0% | 22.2% | ||
| Q4 24 | 8.4% | 1.3% | ||
| Q3 24 | 7.7% | -0.8% | ||
| Q2 24 | 2.8% | 11.3% |
每股收益（稀释后）CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | $0.12 | $0.01 | ||
| Q3 25 | $-0.07 | $0.06 | ||
| Q2 25 | $0.01 | $3.70 | ||
| Q1 25 | $-0.04 | $0.43 | ||
| Q4 24 | $0.14 | $0.01 | ||
| Q3 24 | $0.13 | $-0.10 | ||
| Q2 24 | $0.05 | $0.18 |
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 | $1.1B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $6.0B |
| 总资产 | $10.5B | $15.9B |
| 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CSGPVNO
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.6B | $840.9M | ||
| Q3 25 | $1.9B | $1.0B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.7B | $568.9M | ||
| Q4 24 | $4.7B | $733.9M | ||
| Q3 24 | — | $783.6M | ||
| Q2 24 | — | $872.6M |
总债务CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | $140.0M | $2.3B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.0B | $2.6B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $1.0B | $2.6B |
股东权益CSGPVNO
| Q1 26 | — | $6.0B | ||
| Q4 25 | $8.3B | $6.0B | ||
| Q3 25 | $8.6B | $6.1B | ||
| Q2 25 | $8.6B | $6.1B | ||
| Q1 25 | $8.6B | $5.3B | ||
| Q4 24 | $7.6B | $5.2B | ||
| Q3 24 | $7.5B | $5.3B | ||
| Q2 24 | $7.4B | $5.6B |
总资产CSGPVNO
| Q1 26 | — | $15.9B | ||
| Q4 25 | $10.5B | $15.5B | ||
| Q3 25 | $10.8B | $15.7B | ||
| Q2 25 | $10.5B | $15.6B | ||
| Q1 25 | $10.4B | $15.6B | ||
| Q4 24 | $9.3B | $16.0B | ||
| Q3 24 | $9.1B | $16.1B | ||
| Q2 24 | $9.1B | $16.2B |
负债/权益比CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 0.38× | ||
| Q3 25 | 0.12× | 0.37× | ||
| Q2 25 | 0.12× | 0.35× | ||
| Q1 25 | 0.12× | 0.40× | ||
| Q4 24 | 0.13× | 0.50× | ||
| Q3 24 | 0.13× | 0.49× | ||
| Q2 24 | 0.14× | 0.46× |
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% | 3.7% |
| 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CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $1.3B | ||
| Q3 25 | $68.2M | $33.2M | ||
| Q2 25 | $146.5M | $1.0B | ||
| Q1 25 | $53.2M | $52.0M | ||
| Q4 24 | $94.6M | $537.7M | ||
| Q3 24 | $100.3M | $105.4M | ||
| Q2 24 | $58.1M | $194.7M |
自由现金流CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $-14.7M | — |
自由现金流率CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | -2.2% | — |
资本支出强度CSGPVNO
| Q1 26 | — | 3.7% | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 10.7% | — |
现金转化率CSGPVNO
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 256.08× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | 23.63× | 1.35× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 1.58× | 93.39× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | 3.83× |
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% |
VNO
暂无分部数据
