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CoStar Group（CSGP）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
Zoom Communications, Inc.的季度营收约是CoStar Group的1.4倍（$1.2B vs $899.9M），Zoom Communications, Inc.净利率更高（49.8% vs 5.2%，领先44.7%），CoStar Group同比增速更快（26.9% vs 4.4%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $101.3M），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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
CSGP vs ZM — 直观对比
营收规模更大
ZM
是对方的1.4倍
$899.9M
营收增速更快
CSGP
高出22.4%
4.4%
净利率更高
ZM
高出44.7%
5.2%
自由现金流更多
ZM
多$513.0M
$101.3M
两年增速更快
CSGP
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.2B |
| 净利润 | $46.5M | $612.9M |
| 毛利率 | 78.6% | 77.9% |
| 营业利润率 | 5.5% | 25.2% |
| 净利率 | 5.2% | 49.8% |
| 营收同比 | 26.9% | 4.4% |
| 净利润同比 | -22.2% | 196.0% |
| 每股收益（稀释后） | $0.12 | $2.01 |
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CSGPZM
| Q4 25 | $899.9M | $1.2B | ||
| Q3 25 | $833.6M | $1.2B | ||
| Q2 25 | $781.3M | $1.2B | ||
| Q1 25 | $732.2M | $1.2B | ||
| Q4 24 | $709.4M | $1.2B | ||
| Q3 24 | $692.6M | $1.2B | ||
| Q2 24 | $677.8M | $1.1B | ||
| Q1 24 | $656.4M | $1.1B |
净利润CSGPZM
| Q4 25 | $46.5M | $612.9M | ||
| Q3 25 | $-30.9M | $358.6M | ||
| Q2 25 | $6.2M | $254.6M | ||
| Q1 25 | $-14.8M | $367.9M | ||
| Q4 24 | $59.8M | $207.1M | ||
| Q3 24 | $53.0M | $219.0M | ||
| Q2 24 | $19.2M | $216.3M | ||
| Q1 24 | $6.7M | $298.8M |
毛利率CSGPZM
| Q4 25 | 78.6% | 77.9% | ||
| Q3 25 | 79.3% | 77.6% | ||
| Q2 25 | 78.5% | 76.3% | ||
| Q1 25 | 79.1% | 75.7% | ||
| Q4 24 | 80.1% | 75.9% | ||
| Q3 24 | 79.7% | 75.5% | ||
| Q2 24 | 80.0% | 76.1% | ||
| Q1 24 | 78.5% | 75.9% |
营业利润率CSGPZM
| Q4 25 | 5.5% | 25.2% | ||
| Q3 25 | -6.1% | 26.4% | ||
| Q2 25 | -3.5% | 20.6% | ||
| Q1 25 | -5.8% | 19.0% | ||
| Q4 24 | 5.6% | 15.5% | ||
| Q3 24 | 3.4% | 17.4% | ||
| Q2 24 | -2.4% | 17.8% | ||
| Q1 24 | -6.5% | 14.7% |
净利率CSGPZM
| Q4 25 | 5.2% | 49.8% | ||
| Q3 25 | -3.7% | 29.5% | ||
| Q2 25 | 0.8% | 21.7% | ||
| Q1 25 | -2.0% | 31.1% | ||
| Q4 24 | 8.4% | 17.6% | ||
| Q3 24 | 7.7% | 18.8% | ||
| Q2 24 | 2.8% | 19.0% | ||
| Q1 24 | 1.0% | 26.1% |
每股收益（稀释后）CSGPZM
| Q4 25 | $0.12 | $2.01 | ||
| Q3 25 | $-0.07 | $1.16 | ||
| Q2 25 | $0.01 | $0.81 | ||
| Q1 25 | $-0.04 | $1.16 | ||
| Q4 24 | $0.14 | $0.66 | ||
| Q3 24 | $0.13 | $0.70 | ||
| Q2 24 | $0.05 | $0.69 | ||
| Q1 24 | $0.02 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $9.3B |
| 总资产 | $10.5B | $11.4B |
| 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CSGPZM
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.6B |
总债务CSGPZM
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPZM
| Q4 25 | $8.3B | $9.3B | ||
| Q3 25 | $8.6B | $9.0B | ||
| Q2 25 | $8.6B | $8.9B | ||
| Q1 25 | $8.6B | $8.9B | ||
| Q4 24 | $7.6B | $8.7B | ||
| Q3 24 | $7.5B | $8.5B | ||
| Q2 24 | $7.4B | $8.3B | ||
| Q1 24 | $7.3B | $8.0B |
总资产CSGPZM
| Q4 25 | $10.5B | $11.4B | ||
| Q3 25 | $10.8B | $11.0B | ||
| Q2 25 | $10.5B | $11.0B | ||
| Q1 25 | $10.4B | $11.0B | ||
| Q4 24 | $9.3B | $10.7B | ||
| Q3 24 | $9.1B | $10.5B | ||
| Q2 24 | $9.1B | $10.3B | ||
| Q1 24 | $9.0B | $9.9B |
负债/权益比CSGPZM
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | — | ||
| 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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $614.3M |
| 自由现金流率自由现金流/营收 | 11.3% | 50.0% |
| 资本支出强度资本支出/营收 | 6.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CSGPZM
| Q4 25 | $162.1M | $629.3M | ||
| Q3 25 | $68.2M | $515.9M | ||
| Q2 25 | $146.5M | $489.3M | ||
| Q1 25 | $53.2M | $424.6M | ||
| Q4 24 | $94.6M | $483.2M | ||
| Q3 24 | $100.3M | $449.3M | ||
| Q2 24 | $58.1M | $588.2M | ||
| Q1 24 | $139.6M | $351.2M |
自由现金流CSGPZM
| Q4 25 | $101.3M | $614.3M | ||
| Q3 25 | $-5.5M | $508.0M | ||
| Q2 25 | $27.7M | $463.4M | ||
| Q1 25 | $-500.0K | $416.2M | ||
| Q4 24 | $25.2M | $457.7M | ||
| Q3 24 | $40.2M | $365.1M | ||
| Q2 24 | $-14.7M | $569.7M | ||
| Q1 24 | $-237.1M | $332.7M |
自由现金流率CSGPZM
| Q4 25 | 11.3% | 50.0% | ||
| Q3 25 | -0.7% | 41.7% | ||
| Q2 25 | 3.5% | 39.4% | ||
| Q1 25 | -0.1% | 35.2% | ||
| Q4 24 | 3.6% | 38.9% | ||
| Q3 24 | 5.8% | 31.4% | ||
| Q2 24 | -2.2% | 49.9% | ||
| Q1 24 | -36.1% | 29.0% |
资本支出强度CSGPZM
| Q4 25 | 6.8% | 1.2% | ||
| Q3 25 | 8.8% | 0.7% | ||
| Q2 25 | 15.2% | 2.2% | ||
| Q1 25 | 7.3% | 0.7% | ||
| Q4 24 | 9.8% | 2.2% | ||
| Q3 24 | 8.7% | 7.2% | ||
| Q2 24 | 10.7% | 1.6% | ||
| Q1 24 | 57.4% | 1.6% |
现金转化率CSGPZM
| Q4 25 | 3.49× | 1.03× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 23.63× | 1.92× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 1.58× | 2.33× | ||
| Q3 24 | 1.89× | 2.05× | ||
| Q2 24 | 3.03× | 2.72× | ||
| Q1 24 | 20.84× | 1.18× |
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% |
ZM
暂无分部数据
