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CoStar Group（CSGP）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是CoStar Group的1.0倍（$932.4M vs $899.9M），沃特世净利率更高（24.2% vs 5.2%，领先19.0%），CoStar Group同比增速更快（26.9% vs 6.8%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
CSGP vs WAT — 直观对比
营收规模更大
WAT
是对方的1.0倍
$899.9M
营收增速更快
CSGP
高出20.0%
6.8%
净利率更高
WAT
高出19.0%
5.2%
两年增速更快
WAT
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $932.4M |
| 净利润 | $46.5M | $225.2M |
| 毛利率 | 78.6% | 61.1% |
| 营业利润率 | 5.5% | 29.0% |
| 净利率 | 5.2% | 24.2% |
| 营收同比 | 26.9% | 6.8% |
| 净利润同比 | -22.2% | -2.7% |
| 每股收益（稀释后） | $0.12 | $3.76 |
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CSGPWAT
| Q4 25 | $899.9M | $932.4M | ||
| Q3 25 | $833.6M | $799.9M | ||
| Q2 25 | $781.3M | $771.3M | ||
| Q1 25 | $732.2M | $661.7M | ||
| Q4 24 | $709.4M | $872.7M | ||
| Q3 24 | $692.6M | $740.3M | ||
| Q2 24 | $677.8M | $708.5M | ||
| Q1 24 | $656.4M | $636.8M |
净利润CSGPWAT
| Q4 25 | $46.5M | $225.2M | ||
| Q3 25 | $-30.9M | $148.9M | ||
| Q2 25 | $6.2M | $147.1M | ||
| Q1 25 | $-14.8M | $121.4M | ||
| Q4 24 | $59.8M | $231.4M | ||
| Q3 24 | $53.0M | $161.5M | ||
| Q2 24 | $19.2M | $142.7M | ||
| Q1 24 | $6.7M | $102.2M |
毛利率CSGPWAT
| Q4 25 | 78.6% | 61.1% | ||
| Q3 25 | 79.3% | 59.0% | ||
| Q2 25 | 78.5% | 58.3% | ||
| Q1 25 | 79.1% | 58.2% | ||
| Q4 24 | 80.1% | 60.1% | ||
| Q3 24 | 79.7% | 59.3% | ||
| Q2 24 | 80.0% | 59.3% | ||
| Q1 24 | 78.5% | 58.9% |
营业利润率CSGPWAT
| Q4 25 | 5.5% | 29.0% | ||
| Q3 25 | -6.1% | 24.0% | ||
| Q2 25 | -3.5% | 24.4% | ||
| Q1 25 | -5.8% | 22.9% | ||
| Q4 24 | 5.6% | 33.5% | ||
| Q3 24 | 3.4% | 28.5% | ||
| Q2 24 | -2.4% | 26.7% | ||
| Q1 24 | -6.5% | 21.0% |
净利率CSGPWAT
| Q4 25 | 5.2% | 24.2% | ||
| Q3 25 | -3.7% | 18.6% | ||
| Q2 25 | 0.8% | 19.1% | ||
| Q1 25 | -2.0% | 18.3% | ||
| Q4 24 | 8.4% | 26.5% | ||
| Q3 24 | 7.7% | 21.8% | ||
| Q2 24 | 2.8% | 20.1% | ||
| Q1 24 | 1.0% | 16.0% |
每股收益（稀释后）CSGPWAT
| Q4 25 | $0.12 | $3.76 | ||
| Q3 25 | $-0.07 | $2.50 | ||
| Q2 25 | $0.01 | $2.47 | ||
| Q1 25 | $-0.04 | $2.03 | ||
| Q4 24 | $0.14 | $3.88 | ||
| Q3 24 | $0.13 | $2.71 | ||
| Q2 24 | $0.05 | $2.40 | ||
| Q1 24 | $0.02 | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $140.0M | $1.4B |
| 股东权益账面价值 | $8.3B | $2.6B |
| 总资产 | $10.5B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CSGPWAT
| Q4 25 | $1.6B | $587.8M | ||
| Q3 25 | $1.9B | $459.1M | ||
| Q2 25 | $3.6B | $367.2M | ||
| Q1 25 | $3.7B | $382.9M | ||
| Q4 24 | $4.7B | $325.4M | ||
| Q3 24 | — | $331.5M | ||
| Q2 24 | — | $327.4M | ||
| Q1 24 | — | $338.2M |
总债务CSGPWAT
| Q4 25 | $140.0M | $1.4B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPWAT
| Q4 25 | $8.3B | $2.6B | ||
| Q3 25 | $8.6B | $2.3B | ||
| Q2 25 | $8.6B | $2.2B | ||
| Q1 25 | $8.6B | $2.0B | ||
| Q4 24 | $7.6B | $1.8B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.4B | $1.4B | ||
| Q1 24 | $7.3B | $1.3B |
总资产CSGPWAT
| Q4 25 | $10.5B | $5.1B | ||
| Q3 25 | $10.8B | $4.9B | ||
| Q2 25 | $10.5B | $4.7B | ||
| Q1 25 | $10.4B | $4.6B | ||
| Q4 24 | $9.3B | $4.6B | ||
| Q3 24 | $9.1B | $4.5B | ||
| Q2 24 | $9.1B | $4.4B | ||
| Q1 24 | $9.0B | $4.5B |
负债/权益比CSGPWAT
| Q4 25 | 0.02× | 0.55× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.89× | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | — |
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 | $164.6M |
| 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× | 0.73× |
| 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CSGPWAT
| Q4 25 | $162.1M | $164.6M | ||
| Q3 25 | $68.2M | $187.3M | ||
| Q2 25 | $146.5M | $41.1M | ||
| Q1 25 | $53.2M | $259.6M | ||
| Q4 24 | $94.6M | $240.1M | ||
| Q3 24 | $100.3M | $204.6M | ||
| Q2 24 | $58.1M | $54.5M | ||
| Q1 24 | $139.6M | $262.9M |
自由现金流CSGPWAT
| 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 | — | ||
| Q1 24 | $-237.1M | — |
自由现金流率CSGPWAT
| 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% | — | ||
| Q1 24 | -36.1% | — |
资本支出强度CSGPWAT
| 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% | — | ||
| Q1 24 | 57.4% | — |
现金转化率CSGPWAT
| Q4 25 | 3.49× | 0.73× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 23.63× | 0.28× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | 1.58× | 1.04× | ||
| Q3 24 | 1.89× | 1.27× | ||
| Q2 24 | 3.03× | 0.38× | ||
| Q1 24 | 20.84× | 2.57× |
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% |
WAT
暂无分部数据
