vs
南玻集团（CSGS）与Douglas Elliman Inc.（DOUG）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Douglas Elliman Inc.的1.3倍（$323.1M vs $245.4M），Douglas Elliman Inc.净利率更高（27.9% vs 2.2%，领先25.8%），南玻集团同比增速更快（2.0% vs 0.9%），南玻集团自由现金流更多（$55.8M vs $-14.7M），过去两年Douglas Elliman Inc.的营收复合增速更高（10.7% 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。
Douglas Elliman Inc.是美国领先的住宅房地产经纪企业，提供高端房产买卖、租赁、物业管理及相关咨询服务，核心业务覆盖纽约、加州、佛罗里达、得克萨斯等都会区，主要服务高净值客户群体。
CSGS vs DOUG — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$245.4M
营收增速更快
CSGS
高出1.2%
0.9%
净利率更高
DOUG
高出25.8%
2.2%
自由现金流更多
CSGS
多$70.5M
$-14.7M
两年增速更快
DOUG
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $245.4M |
| 净利润 | $7.0M | $68.6M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 27.3% |
| 净利率 | 2.2% | 27.9% |
| 营收同比 | 2.0% | 0.9% |
| 净利润同比 | -79.7% | 1243.4% |
| 每股收益（稀释后） | $0.24 | $0.80 |
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CSGSDOUG
| Q4 25 | $323.1M | $245.4M | ||
| Q3 25 | $303.6M | $262.8M | ||
| Q2 25 | $297.1M | $271.4M | ||
| Q1 25 | $299.5M | $253.4M | ||
| Q4 24 | $316.7M | $243.3M | ||
| Q3 24 | $295.1M | $266.3M | ||
| Q2 24 | $290.3M | $285.8M | ||
| Q1 24 | $295.1M | $200.2M |
净利润CSGSDOUG
| Q4 25 | $7.0M | $68.6M | ||
| Q3 25 | $20.5M | $-24.7M | ||
| Q2 25 | $12.3M | $-22.7M | ||
| Q1 25 | $16.1M | $-6.0M | ||
| Q4 24 | $34.5M | $-6.0M | ||
| Q3 24 | $19.1M | $-27.2M | ||
| Q2 24 | $13.8M | $-1.7M | ||
| Q1 24 | $19.5M | $-41.5M |
毛利率CSGSDOUG
| 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CSGSDOUG
| Q4 25 | 9.0% | 27.3% | ||
| Q3 25 | 10.0% | -4.1% | ||
| Q2 25 | 10.0% | -2.0% | ||
| Q1 25 | 9.8% | -2.1% | ||
| Q4 24 | 13.4% | -6.7% | ||
| Q3 24 | 10.8% | -2.8% | ||
| Q2 24 | 8.8% | -1.3% | ||
| Q1 24 | 10.8% | -20.7% |
净利率CSGSDOUG
| Q4 25 | 2.2% | 27.9% | ||
| Q3 25 | 6.7% | -9.4% | ||
| Q2 25 | 4.1% | -8.4% | ||
| Q1 25 | 5.4% | -2.4% | ||
| Q4 24 | 10.9% | -2.5% | ||
| Q3 24 | 6.5% | -10.2% | ||
| Q2 24 | 4.8% | -0.6% | ||
| Q1 24 | 6.6% | -20.7% |
每股收益（稀释后）CSGSDOUG
| Q4 25 | $0.24 | $0.80 | ||
| Q3 25 | $0.73 | $-0.29 | ||
| Q2 25 | $0.44 | $-0.27 | ||
| Q1 25 | $0.57 | $-0.07 | ||
| Q4 24 | $1.20 | $-0.06 | ||
| Q3 24 | $0.67 | $-0.33 | ||
| Q2 24 | $0.48 | $-0.02 | ||
| Q1 24 | $0.68 | $-0.50 |
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 | $115.5M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $183.9M |
| 总资产 | $1.5B | $444.4M |
| 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CSGSDOUG
| Q4 25 | $180.0M | $115.5M | ||
| Q3 25 | $158.4M | $143.0M | ||
| Q2 25 | $145.9M | $136.3M | ||
| Q1 25 | $136.0M | $136.8M | ||
| Q4 24 | $161.8M | $145.5M | ||
| Q3 24 | $118.4M | $151.4M | ||
| Q2 24 | $110.4M | $92.9M | ||
| Q1 24 | $120.8M | $91.5M |
总债务CSGSDOUG
| 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CSGSDOUG
| Q4 25 | $283.7M | $183.9M | ||
| Q3 25 | $289.5M | $115.1M | ||
| Q2 25 | $290.7M | $137.6M | ||
| Q1 25 | $283.1M | $158.2M | ||
| Q4 24 | $282.6M | $162.2M | ||
| Q3 24 | $288.4M | $173.6M | ||
| Q2 24 | $273.3M | $196.9M | ||
| Q1 24 | $269.3M | $195.1M |
总资产CSGSDOUG
| Q4 25 | $1.5B | $444.4M | ||
| Q3 25 | $1.5B | $480.6M | ||
| Q2 25 | $1.4B | $489.0M | ||
| Q1 25 | $1.4B | $493.9M | ||
| Q4 24 | $1.5B | $493.9M | ||
| Q3 24 | $1.4B | $502.7M | ||
| Q2 24 | $1.4B | $463.9M | ||
| Q1 24 | $1.3B | $461.1M |
负债/权益比CSGSDOUG
| 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 | $-14.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-14.7M |
| 自由现金流率自由现金流/营收 | 17.3% | -6.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 8.46× | -0.21× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $-17.2M |
8季度趋势，按日历期对齐
经营现金流CSGSDOUG
| Q4 25 | $59.2M | $-14.4M | ||
| Q3 25 | $47.9M | $5.5M | ||
| Q2 25 | $37.3M | $642.0K | ||
| Q1 25 | $11.5M | $-5.6M | ||
| Q4 24 | $82.5M | $-9.0M | ||
| Q3 24 | $39.5M | $9.0M | ||
| Q2 24 | $43.1M | $1.3M | ||
| Q1 24 | $-29.4M | $-27.3M |
自由现金流CSGSDOUG
| Q4 25 | $55.8M | $-14.7M | ||
| Q3 25 | $43.9M | $4.7M | ||
| Q2 25 | $34.6M | $-575.0K | ||
| Q1 25 | $7.1M | $-6.7M | ||
| Q4 24 | $76.6M | $-10.2M | ||
| Q3 24 | $32.0M | $7.7M | ||
| Q2 24 | $38.8M | $432.0K | ||
| Q1 24 | $-34.1M | $-29.4M |
自由现金流率CSGSDOUG
| Q4 25 | 17.3% | -6.0% | ||
| Q3 25 | 14.5% | 1.8% | ||
| Q2 25 | 11.6% | -0.2% | ||
| Q1 25 | 2.4% | -2.6% | ||
| Q4 24 | 24.2% | -4.2% | ||
| Q3 24 | 10.8% | 2.9% | ||
| Q2 24 | 13.4% | 0.2% | ||
| Q1 24 | -11.6% | -14.7% |
资本支出强度CSGSDOUG
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.9% | 0.4% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | 1.9% | 0.5% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 1.5% | 0.3% | ||
| Q1 24 | 1.6% | 1.0% |
现金转化率CSGSDOUG
| Q4 25 | 8.46× | -0.21× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — | ||
| Q1 24 | -1.51× | — |
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% |
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
