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南玻集团（CSGS）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是南玻集团的1.3倍（$422.2M vs $323.1M），南玻集团净利率更高（2.2% vs -4.2%，领先6.4%），南玻集团同比增速更快（2.0% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% vs 4.6%）
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
CSGS vs CTOS — 直观对比
营收规模更大
CTOS
是对方的1.3倍
$323.1M
营收增速更快
CSGS
高出10.6%
-8.5%
净利率更高
CSGS
高出6.4%
-4.2%
两年增速更快
CTOS
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $422.2M |
| 净利润 | $7.0M | $-17.8M |
| 毛利率 | 50.0% | 20.3% |
| 营业利润率 | 9.0% | 2.9% |
| 净利率 | 2.2% | -4.2% |
| 营收同比 | 2.0% | -8.5% |
| 净利润同比 | -79.7% | -333.7% |
| 每股收益（稀释后） | $0.24 | $-0.08 |
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CSGSCTOS
| Q1 26 | — | $422.2M | ||
| Q4 25 | $323.1M | $387.3M | ||
| Q3 25 | $303.6M | $359.9M | ||
| Q2 25 | $297.1M | $392.2M | ||
| Q1 25 | $299.5M | $307.1M | ||
| Q4 24 | $316.7M | $398.3M | ||
| Q3 24 | $295.1M | $337.5M | ||
| Q2 24 | $290.3M | $320.6M |
净利润CSGSCTOS
| Q1 26 | — | $-17.8M | ||
| Q4 25 | $7.0M | $20.9M | ||
| Q3 25 | $20.5M | $-5.8M | ||
| Q2 25 | $12.3M | $-28.4M | ||
| Q1 25 | $16.1M | $-17.8M | ||
| Q4 24 | $34.5M | $27.6M | ||
| Q3 24 | $19.1M | $-17.4M | ||
| Q2 24 | $13.8M | $-24.5M |
毛利率CSGSCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | 50.0% | 31.8% | ||
| Q3 25 | 48.1% | 28.0% | ||
| Q2 25 | 49.5% | 26.1% | ||
| Q1 25 | 48.4% | 27.9% | ||
| Q4 24 | 51.3% | 29.7% | ||
| Q3 24 | 49.4% | 27.2% | ||
| Q2 24 | 47.3% | 27.8% |
营业利润率CSGSCTOS
| Q1 26 | — | 2.9% | ||
| Q4 25 | 9.0% | 13.4% | ||
| Q3 25 | 10.0% | 9.1% | ||
| Q2 25 | 10.0% | 7.1% | ||
| Q1 25 | 9.8% | 4.0% | ||
| Q4 24 | 13.4% | 16.9% | ||
| Q3 24 | 10.8% | 6.8% | ||
| Q2 24 | 8.8% | 5.5% |
净利率CSGSCTOS
| Q1 26 | — | -4.2% | ||
| Q4 25 | 2.2% | 5.4% | ||
| Q3 25 | 6.7% | -1.6% | ||
| Q2 25 | 4.1% | -7.2% | ||
| Q1 25 | 5.4% | -5.8% | ||
| Q4 24 | 10.9% | 6.9% | ||
| Q3 24 | 6.5% | -5.2% | ||
| Q2 24 | 4.8% | -7.6% |
每股收益（稀释后）CSGSCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $0.24 | $0.10 | ||
| Q3 25 | $0.73 | $-0.03 | ||
| Q2 25 | $0.44 | $-0.13 | ||
| Q1 25 | $0.57 | $-0.08 | ||
| Q4 24 | $1.20 | $0.11 | ||
| Q3 24 | $0.67 | $-0.07 | ||
| Q2 24 | $0.48 | $-0.10 |
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 | $180.0M | $6.3M |
| 总债务越低越好 | $539.5M | $25.9M |
| 股东权益账面价值 | $283.7M | $809.1M |
| 总资产 | $1.5B | $3.4B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资CSGSCTOS
| Q1 26 | — | $6.3M | ||
| Q4 25 | $180.0M | $6.3M | ||
| Q3 25 | $158.4M | $13.1M | ||
| Q2 25 | $145.9M | $5.3M | ||
| Q1 25 | $136.0M | $5.4M | ||
| Q4 24 | $161.8M | $3.8M | ||
| Q3 24 | $118.4M | $8.4M | ||
| Q2 24 | $110.4M | $8.1M |
总债务CSGSCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | $539.5M | $1.6B | ||
| Q3 25 | $538.6M | $1.6B | ||
| Q2 25 | $537.8M | $1.6B | ||
| Q1 25 | $537.6M | $1.6B | ||
| Q4 24 | $538.5M | $1.5B | ||
| Q3 24 | $539.5M | $1.6B | ||
| Q2 24 | $540.5M | $1.5B |
股东权益CSGSCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | $283.7M | $809.1M | ||
| Q3 25 | $289.5M | $784.7M | ||
| Q2 25 | $290.7M | $790.1M | ||
| Q1 25 | $283.1M | $813.4M | ||
| Q4 24 | $282.6M | $861.3M | ||
| Q3 24 | $288.4M | $837.5M | ||
| Q2 24 | $273.3M | $856.7M |
总资产CSGSCTOS
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.5B | $3.4B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.5B | $3.5B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.4B | $3.5B |
负债/权益比CSGSCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | 1.90× | 2.03× | ||
| Q3 25 | 1.86× | 2.10× | ||
| Q2 25 | 1.85× | 2.04× | ||
| Q1 25 | 1.90× | 1.97× | ||
| Q4 24 | 1.91× | 1.77× | ||
| Q3 24 | 1.87× | 1.87× | ||
| Q2 24 | 1.98× | 1.79× |
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 | $59.2M | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 8.46× | — |
| 过去12个月自由现金流最近4个季度 | $141.4M | — |
8季度趋势，按日历期对齐
经营现金流CSGSCTOS
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $47.3M | ||
| Q3 25 | $47.9M | $81.5M | ||
| Q2 25 | $37.3M | $125.7M | ||
| Q1 25 | $11.5M | $55.6M | ||
| Q4 24 | $82.5M | $82.1M | ||
| Q3 24 | $39.5M | $16.5M | ||
| Q2 24 | $43.1M | $37.8M |
自由现金流CSGSCTOS
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — |
自由现金流率CSGSCTOS
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度CSGSCTOS
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率CSGSCTOS
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 2.27× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 2.98× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — |
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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
