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南玻集团（CSGS）与DAKTRONICS INC（DAKT）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DAKTRONICS INC的1.4倍（$323.1M vs $229.3M），DAKTRONICS INC净利率更高（7.6% vs 2.2%，领先5.5%），DAKTRONICS INC同比增速更快（10.0% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $14.0M），过去两年DAKTRONICS INC的营收复合增速更高（16.0% 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。
达科电子是一家总部位于美国南达科他州布鲁金斯的企业，由两名南达科他州立大学教授于1968年创立，主营业务涵盖视频显示屏、记分牌、数字广告牌、动态信息标识、音响系统及相关产品的设计、生产、销售与服务。
CSGS vs DAKT — 直观对比
营收规模更大
CSGS
是对方的1.4倍
$229.3M
营收增速更快
DAKT
高出8.0%
2.0%
净利率更高
DAKT
高出5.5%
2.2%
自由现金流更多
CSGS
多$41.8M
$14.0M
两年增速更快
DAKT
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $229.3M |
| 净利润 | $7.0M | $17.5M |
| 毛利率 | 50.0% | 27.0% |
| 营业利润率 | 9.0% | 9.4% |
| 净利率 | 2.2% | 7.6% |
| 营收同比 | 2.0% | 10.0% |
| 净利润同比 | -79.7% | -18.3% |
| 每股收益（稀释后） | $0.24 | $0.35 |
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CSGSDAKT
| Q4 25 | $323.1M | $229.3M | ||
| Q3 25 | $303.6M | $219.0M | ||
| Q2 25 | $297.1M | $172.6M | ||
| Q1 25 | $299.5M | $149.5M | ||
| Q4 24 | $316.7M | $208.3M | ||
| Q3 24 | $295.1M | $226.1M | ||
| Q2 24 | $290.3M | $215.9M | ||
| Q1 24 | $295.1M | $170.3M |
净利润CSGSDAKT
| Q4 25 | $7.0M | $17.5M | ||
| Q3 25 | $20.5M | $16.5M | ||
| Q2 25 | $12.3M | $-9.4M | ||
| Q1 25 | $16.1M | $-17.2M | ||
| Q4 24 | $34.5M | $21.4M | ||
| Q3 24 | $19.1M | $-4.9M | ||
| Q2 24 | $13.8M | $2.5M | ||
| Q1 24 | $19.5M | $10.7M |
毛利率CSGSDAKT
| Q4 25 | 50.0% | 27.0% | ||
| Q3 25 | 48.1% | 29.7% | ||
| Q2 25 | 49.5% | 25.0% | ||
| Q1 25 | 48.4% | 24.6% | ||
| Q4 24 | 51.3% | 26.8% | ||
| Q3 24 | 49.4% | 26.4% | ||
| Q2 24 | 47.3% | 25.7% | ||
| Q1 24 | 46.5% | 24.5% |
营业利润率CSGSDAKT
| Q4 25 | 9.0% | 9.4% | ||
| Q3 25 | 10.0% | 10.6% | ||
| Q2 25 | 10.0% | -1.0% | ||
| Q1 25 | 9.8% | -2.4% | ||
| Q4 24 | 13.4% | 7.6% | ||
| Q3 24 | 10.8% | 10.0% | ||
| Q2 24 | 8.8% | 9.0% | ||
| Q1 24 | 10.8% | 4.7% |
净利率CSGSDAKT
| Q4 25 | 2.2% | 7.6% | ||
| Q3 25 | 6.7% | 7.5% | ||
| Q2 25 | 4.1% | -5.5% | ||
| Q1 25 | 5.4% | -11.5% | ||
| Q4 24 | 10.9% | 10.3% | ||
| Q3 24 | 6.5% | -2.2% | ||
| Q2 24 | 4.8% | 1.2% | ||
| Q1 24 | 6.6% | 6.3% |
每股收益（稀释后）CSGSDAKT
| Q4 25 | $0.24 | $0.35 | ||
| Q3 25 | $0.73 | $0.33 | ||
| Q2 25 | $0.44 | $0.04 | ||
| Q1 25 | $0.57 | $-0.36 | ||
| Q4 24 | $1.20 | $0.22 | ||
| Q3 24 | $0.67 | $-0.11 | ||
| Q2 24 | $0.48 | $0.18 | ||
| Q1 24 | $0.68 | $0.09 |
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 | $149.6M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $297.5M |
| 总资产 | $1.5B | $548.4M |
| 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CSGSDAKT
| Q4 25 | $180.0M | $149.6M | ||
| Q3 25 | $158.4M | $136.9M | ||
| Q2 25 | $145.9M | $127.5M | ||
| Q1 25 | $136.0M | $132.2M | ||
| Q4 24 | $161.8M | $134.4M | ||
| Q3 24 | $118.4M | $96.8M | ||
| Q2 24 | $110.4M | $81.3M | ||
| Q1 24 | $120.8M | $76.8M |
总债务CSGSDAKT
| 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CSGSDAKT
| Q4 25 | $283.7M | $297.5M | ||
| Q3 25 | $289.5M | $279.8M | ||
| Q2 25 | $290.7M | $271.9M | ||
| Q1 25 | $283.1M | $272.3M | ||
| Q4 24 | $282.6M | $260.9M | ||
| Q3 24 | $288.4M | $238.2M | ||
| Q2 24 | $273.3M | $238.8M | ||
| Q1 24 | $269.3M | $236.2M |
总资产CSGSDAKT
| Q4 25 | $1.5B | $548.4M | ||
| Q3 25 | $1.5B | $545.6M | ||
| Q2 25 | $1.4B | $502.9M | ||
| Q1 25 | $1.4B | $524.2M | ||
| Q4 24 | $1.5B | $551.9M | ||
| Q3 24 | $1.4B | $553.9M | ||
| Q2 24 | $1.4B | $527.9M | ||
| Q1 24 | $1.3B | $499.2M |
负债/权益比CSGSDAKT
| 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 | $16.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $14.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 6.1% |
| 资本支出强度资本支出/营收 | 1.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $61.7M |
8季度趋势，按日历期对齐
经营现金流CSGSDAKT
| Q4 25 | $59.2M | $16.5M | ||
| Q3 25 | $47.9M | $26.1M | ||
| Q2 25 | $37.3M | $22.9M | ||
| Q1 25 | $11.5M | $12.0M | ||
| Q4 24 | $82.5M | $43.3M | ||
| Q3 24 | $39.5M | $19.5M | ||
| Q2 24 | $43.1M | $9.5M | ||
| Q1 24 | $-29.4M | $9.5M |
自由现金流CSGSDAKT
| Q4 25 | $55.8M | $14.0M | ||
| Q3 25 | $43.9M | $21.8M | ||
| Q2 25 | $34.6M | $18.0M | ||
| Q1 25 | $7.1M | $7.8M | ||
| Q4 24 | $76.6M | $38.0M | ||
| Q3 24 | $32.0M | $14.4M | ||
| Q2 24 | $38.8M | $6.1M | ||
| Q1 24 | $-34.1M | $5.1M |
自由现金流率CSGSDAKT
| Q4 25 | 17.3% | 6.1% | ||
| Q3 25 | 14.5% | 10.0% | ||
| Q2 25 | 11.6% | 10.5% | ||
| Q1 25 | 2.4% | 5.2% | ||
| Q4 24 | 24.2% | 18.2% | ||
| Q3 24 | 10.8% | 6.4% | ||
| Q2 24 | 13.4% | 2.8% | ||
| Q1 24 | -11.6% | 3.0% |
资本支出强度CSGSDAKT
| Q4 25 | 1.1% | 1.1% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.5% | 2.8% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 2.5% | 2.2% | ||
| Q2 24 | 1.5% | 1.6% | ||
| Q1 24 | 1.6% | 2.6% |
现金转化率CSGSDAKT
| Q4 25 | 8.46× | 0.94× | ||
| Q3 25 | 2.34× | 1.58× | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 2.02× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | 3.75× | ||
| Q1 24 | -1.51× | 0.88× |
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% |
DAKT
| Live Events Segment | $81.5M | 36% |
| Transferred At Point In Time | $41.9M | 18% |
| Limited Configuration | $39.2M | 17% |
| Other | $30.6M | 13% |
| Transportation Segment | $21.3M | 9% |
| Transferred Over Time | $8.8M | 4% |
| Unique Configuration | $6.0M | 3% |
