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南玻集团（CSGS）与合众银行（CUBI）财务数据对比。点击上方公司名可切换其他公司
南玻集团的季度营收约是合众银行的1.4倍（$323.1M vs $236.9M），合众银行同比增速更快（21.8% vs 2.0%），合众银行自由现金流更多（$481.0M vs $55.8M），过去两年合众银行的营收复合增速更高（14.2% 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。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，2025年位列美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性。旗下核心运营主体为美国合众银行全国协会，提供银行、投资、按揭等多元金融服务。
CSGS vs CUBI — 直观对比
营收规模更大
CSGS
是对方的1.4倍
$236.9M
营收增速更快
CUBI
高出19.8%
2.0%
自由现金流更多
CUBI
多$425.2M
$55.8M
两年增速更快
CUBI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $236.9M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 41.1% |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | 21.8% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $2.04 |
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CSGSCUBI
| Q4 25 | $323.1M | $236.9M | ||
| Q3 25 | $303.6M | $232.1M | ||
| Q2 25 | $297.1M | $206.3M | ||
| Q1 25 | $299.5M | $143.0M | ||
| Q4 24 | $316.7M | $167.8M | ||
| Q3 24 | $295.1M | $167.1M | ||
| Q2 24 | $290.3M | $198.7M | ||
| Q1 24 | $295.1M | $181.6M |
净利润CSGSCUBI
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $75.7M | ||
| Q2 25 | $12.3M | $60.9M | ||
| Q1 25 | $16.1M | $12.9M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $46.7M | ||
| Q2 24 | $13.8M | $58.1M | ||
| Q1 24 | $19.5M | $49.7M |
毛利率CSGSCUBI
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 47.3% | — | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSCUBI
| Q4 25 | 9.0% | 41.1% | ||
| Q3 25 | 10.0% | 43.2% | ||
| Q2 25 | 10.0% | 38.2% | ||
| Q1 25 | 9.8% | 8.3% | ||
| Q4 24 | 13.4% | 21.4% | ||
| Q3 24 | 10.8% | 27.5% | ||
| Q2 24 | 8.8% | 38.8% | ||
| Q1 24 | 10.8% | 36.0% |
净利率CSGSCUBI
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | 32.6% | ||
| Q2 25 | 4.1% | 29.5% | ||
| Q1 25 | 5.4% | 9.0% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | 28.0% | ||
| Q2 24 | 4.8% | 29.2% | ||
| Q1 24 | 6.6% | 27.4% |
每股收益（稀释后）CSGSCUBI
| Q4 25 | $0.24 | $2.04 | ||
| Q3 25 | $0.73 | $2.20 | ||
| Q2 25 | $0.44 | $1.73 | ||
| Q1 25 | $0.57 | $0.29 | ||
| Q4 24 | $1.20 | $0.72 | ||
| Q3 24 | $0.67 | $1.31 | ||
| Q2 24 | $0.48 | $1.66 | ||
| Q1 24 | $0.68 | $1.40 |
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 | $4.4B |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $2.1B |
| 总资产 | $1.5B | $24.9B |
| 负债/权益比越低杠杆越低 | 1.90× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGSCUBI
| Q4 25 | $180.0M | $4.4B | ||
| Q3 25 | $158.4M | $4.2B | ||
| Q2 25 | $145.9M | $3.5B | ||
| Q1 25 | $136.0M | $3.4B | ||
| Q4 24 | $161.8M | $3.8B | ||
| Q3 24 | $118.4M | $3.1B | ||
| Q2 24 | $110.4M | $3.0B | ||
| Q1 24 | $120.8M | $3.7B |
总债务CSGSCUBI
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSCUBI
| Q4 25 | $283.7M | $2.1B | ||
| Q3 25 | $289.5M | $2.1B | ||
| Q2 25 | $290.7M | $1.9B | ||
| Q1 25 | $283.1M | $1.9B | ||
| Q4 24 | $282.6M | $1.8B | ||
| Q3 24 | $288.4M | $1.8B | ||
| Q2 24 | $273.3M | $1.7B | ||
| Q1 24 | $269.3M | $1.7B |
总资产CSGSCUBI
| Q4 25 | $1.5B | $24.9B | ||
| Q3 25 | $1.5B | $24.3B | ||
| Q2 25 | $1.4B | $22.6B | ||
| Q1 25 | $1.4B | $22.4B | ||
| Q4 24 | $1.5B | $22.3B | ||
| Q3 24 | $1.4B | $21.5B | ||
| Q2 24 | $1.4B | $20.9B | ||
| Q1 24 | $1.3B | $21.3B |
负债/权益比CSGSCUBI
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 2.01× | — |
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 | $494.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $481.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 203.0% |
| 资本支出强度资本支出/营收 | 1.1% | 5.8% |
| 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 | $843.0M |
8季度趋势，按日历期对齐
经营现金流CSGSCUBI
| Q4 25 | $59.2M | $494.8M | ||
| Q3 25 | $47.9M | $116.9M | ||
| Q2 25 | $37.3M | $162.2M | ||
| Q1 25 | $11.5M | $94.1M | ||
| Q4 24 | $82.5M | $145.1M | ||
| Q3 24 | $39.5M | $24.4M | ||
| Q2 24 | $43.1M | $6.1M | ||
| Q1 24 | $-29.4M | $-18.8M |
自由现金流CSGSCUBI
| Q4 25 | $55.8M | $481.0M | ||
| Q3 25 | $43.9M | $106.4M | ||
| Q2 25 | $34.6M | $162.1M | ||
| Q1 25 | $7.1M | $93.4M | ||
| Q4 24 | $76.6M | $143.6M | ||
| Q3 24 | $32.0M | $24.1M | ||
| Q2 24 | $38.8M | $5.8M | ||
| Q1 24 | $-34.1M | $-19.2M |
自由现金流率CSGSCUBI
| Q4 25 | 17.3% | 203.0% | ||
| Q3 25 | 14.5% | 45.9% | ||
| Q2 25 | 11.6% | 78.6% | ||
| Q1 25 | 2.4% | 65.4% | ||
| Q4 24 | 24.2% | 85.5% | ||
| Q3 24 | 10.8% | 14.4% | ||
| Q2 24 | 13.4% | 2.9% | ||
| Q1 24 | -11.6% | -10.6% |
资本支出强度CSGSCUBI
| Q4 25 | 1.1% | 5.8% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.5% | 0.5% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
现金转化率CSGSCUBI
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 1.54× | ||
| Q2 25 | 3.04× | 2.66× | ||
| Q1 25 | 0.71× | 7.29× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 0.52× | ||
| Q2 24 | 3.12× | 0.10× | ||
| Q1 24 | -1.51× | -0.38× |
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% |
CUBI
暂无分部数据
