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CoStar Group（CSGP）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是威世的1.1倍（$899.9M vs $800.9M），CoStar Group净利率更高（5.2% vs 0.1%，领先5.0%），CoStar Group同比增速更快（26.9% vs 12.1%），CoStar Group自由现金流更多（$101.3M vs $54.6M），过去两年CoStar Group的营收复合增速更高（17.1% vs 3.6%）
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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
CSGP vs VSH — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$800.9M
营收增速更快
CSGP
高出14.8%
12.1%
净利率更高
CSGP
高出5.0%
0.1%
自由现金流更多
CSGP
多$46.7M
$54.6M
两年增速更快
CSGP
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $800.9M |
| 净利润 | $46.5M | $986.0K |
| 毛利率 | 78.6% | 19.6% |
| 营业利润率 | 5.5% | 1.8% |
| 净利率 | 5.2% | 0.1% |
| 营收同比 | 26.9% | 12.1% |
| 净利润同比 | -22.2% | 101.5% |
| 每股收益（稀释后） | $0.12 | $0.01 |
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CSGPVSH
| Q4 25 | $899.9M | $800.9M | ||
| Q3 25 | $833.6M | $790.6M | ||
| Q2 25 | $781.3M | $762.3M | ||
| Q1 25 | $732.2M | $715.2M | ||
| Q4 24 | $709.4M | $714.7M | ||
| Q3 24 | $692.6M | $735.4M | ||
| Q2 24 | $677.8M | $741.2M | ||
| Q1 24 | $656.4M | $746.3M |
净利润CSGPVSH
| Q4 25 | $46.5M | $986.0K | ||
| Q3 25 | $-30.9M | $-7.9M | ||
| Q2 25 | $6.2M | $2.0M | ||
| Q1 25 | $-14.8M | $-4.1M | ||
| Q4 24 | $59.8M | $-66.1M | ||
| Q3 24 | $53.0M | $-19.3M | ||
| Q2 24 | $19.2M | $23.5M | ||
| Q1 24 | $6.7M | $30.9M |
毛利率CSGPVSH
| Q4 25 | 78.6% | 19.6% | ||
| Q3 25 | 79.3% | 19.5% | ||
| Q2 25 | 78.5% | 19.5% | ||
| Q1 25 | 79.1% | 19.0% | ||
| Q4 24 | 80.1% | 19.9% | ||
| Q3 24 | 79.7% | 20.5% | ||
| Q2 24 | 80.0% | 22.0% | ||
| Q1 24 | 78.5% | 22.8% |
营业利润率CSGPVSH
| Q4 25 | 5.5% | 1.8% | ||
| Q3 25 | -6.1% | 2.4% | ||
| Q2 25 | -3.5% | 2.9% | ||
| Q1 25 | -5.8% | 0.1% | ||
| Q4 24 | 5.6% | -7.9% | ||
| Q3 24 | 3.4% | -2.5% | ||
| Q2 24 | -2.4% | 5.1% | ||
| Q1 24 | -6.5% | 5.7% |
净利率CSGPVSH
| Q4 25 | 5.2% | 0.1% | ||
| Q3 25 | -3.7% | -1.0% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | -2.0% | -0.6% | ||
| Q4 24 | 8.4% | -9.2% | ||
| Q3 24 | 7.7% | -2.6% | ||
| Q2 24 | 2.8% | 3.2% | ||
| Q1 24 | 1.0% | 4.1% |
每股收益（稀释后）CSGPVSH
| Q4 25 | $0.12 | $0.01 | ||
| Q3 25 | $-0.07 | $-0.06 | ||
| Q2 25 | $0.01 | $0.01 | ||
| Q1 25 | $-0.04 | $-0.03 | ||
| Q4 24 | $0.14 | $-0.48 | ||
| Q3 24 | $0.13 | $-0.14 | ||
| Q2 24 | $0.05 | $0.17 | ||
| Q1 24 | $0.02 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | $140.0M | $950.9M |
| 股东权益账面价值 | $8.3B | $2.1B |
| 总资产 | $10.5B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资CSGPVSH
| Q4 25 | $1.6B | $515.0M | ||
| Q3 25 | $1.9B | $443.9M | ||
| Q2 25 | $3.6B | $473.9M | ||
| Q1 25 | $3.7B | $609.4M | ||
| Q4 24 | $4.7B | $590.3M | ||
| Q3 24 | — | $643.8M | ||
| Q2 24 | — | $672.7M | ||
| Q1 24 | — | $796.5M |
总债务CSGPVSH
| Q4 25 | $140.0M | $950.9M | ||
| Q3 25 | $1.0B | $919.7M | ||
| Q2 25 | $1.0B | $914.5M | ||
| Q1 25 | $1.0B | $988.2M | ||
| Q4 24 | $1.0B | $905.0M | ||
| Q3 24 | $1.0B | $820.8M | ||
| Q2 24 | $1.0B | $820.6M | ||
| Q1 24 | $1.0B | $819.4M |
股东权益CSGPVSH
| Q4 25 | $8.3B | $2.1B | ||
| Q3 25 | $8.6B | $2.1B | ||
| Q2 25 | $8.6B | $2.1B | ||
| Q1 25 | $8.6B | $2.0B | ||
| Q4 24 | $7.6B | $2.0B | ||
| Q3 24 | $7.5B | $2.2B | ||
| Q2 24 | $7.4B | $2.2B | ||
| Q1 24 | $7.3B | $2.2B |
总资产CSGPVSH
| Q4 25 | $10.5B | $4.2B | ||
| Q3 25 | $10.8B | $4.2B | ||
| Q2 25 | $10.5B | $4.2B | ||
| Q1 25 | $10.4B | $4.2B | ||
| Q4 24 | $9.3B | $4.1B | ||
| Q3 24 | $9.1B | $4.2B | ||
| Q2 24 | $9.1B | $4.2B | ||
| Q1 24 | $9.0B | $4.3B |
负债/权益比CSGPVSH
| Q4 25 | 0.02× | 0.46× | ||
| Q3 25 | 0.12× | 0.44× | ||
| Q2 25 | 0.12× | 0.44× | ||
| Q1 25 | 0.12× | 0.49× | ||
| Q4 24 | 0.13× | 0.45× | ||
| Q3 24 | 0.13× | 0.38× | ||
| Q2 24 | 0.14× | 0.38× | ||
| Q1 24 | 0.14× | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $54.6M |
| 自由现金流率自由现金流/营收 | 11.3% | 6.8% |
| 资本支出强度资本支出/营收 | 6.8% | 11.8% |
| 现金转化率经营现金流/净利润 | 3.49× | 151.48× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-89.0M |
8季度趋势，按日历期对齐
经营现金流CSGPVSH
| Q4 25 | $162.1M | $149.4M | ||
| Q3 25 | $68.2M | $27.6M | ||
| Q2 25 | $146.5M | $-8.8M | ||
| Q1 25 | $53.2M | $16.1M | ||
| Q4 24 | $94.6M | $67.7M | ||
| Q3 24 | $100.3M | $50.6M | ||
| Q2 24 | $58.1M | $-24.7M | ||
| Q1 24 | $139.6M | $80.2M |
自由现金流CSGPVSH
| Q4 25 | $101.3M | $54.6M | ||
| Q3 25 | $-5.5M | $-24.7M | ||
| Q2 25 | $27.7M | $-73.4M | ||
| Q1 25 | $-500.0K | $-45.5M | ||
| Q4 24 | $25.2M | $-77.2M | ||
| Q3 24 | $40.2M | $-9.0M | ||
| Q2 24 | $-14.7M | $-87.3M | ||
| Q1 24 | $-237.1M | $27.1M |
自由现金流率CSGPVSH
| Q4 25 | 11.3% | 6.8% | ||
| Q3 25 | -0.7% | -3.1% | ||
| Q2 25 | 3.5% | -9.6% | ||
| Q1 25 | -0.1% | -6.4% | ||
| Q4 24 | 3.6% | -10.8% | ||
| Q3 24 | 5.8% | -1.2% | ||
| Q2 24 | -2.2% | -11.8% | ||
| Q1 24 | -36.1% | 3.6% |
资本支出强度CSGPVSH
| Q4 25 | 6.8% | 11.8% | ||
| Q3 25 | 8.8% | 6.6% | ||
| Q2 25 | 15.2% | 8.5% | ||
| Q1 25 | 7.3% | 8.6% | ||
| Q4 24 | 9.8% | 20.3% | ||
| Q3 24 | 8.7% | 8.1% | ||
| Q2 24 | 10.7% | 8.4% | ||
| Q1 24 | 57.4% | 7.1% |
现金转化率CSGPVSH
| Q4 25 | 3.49× | 151.48× | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | -4.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | -1.05× | ||
| Q1 24 | 20.84× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
