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南玻集团（CSGS）与DiamondRock Hospitality Co（DRH）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DiamondRock Hospitality Co的1.3倍（$323.1M vs $258.2M），DiamondRock Hospitality Co净利率更高（5.6% vs 2.2%，领先3.4%），南玻集团同比增速更快（2.0% vs 1.3%），过去两年南玻集团的营收复合增速更高（4.6% vs -8.6%）
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。
DiamondRock Hospitality Co是一家总部位于美国的房地产投资信托企业，持有并运营一系列高端酒店及度假物业，项目主要分布在全美核心城市的商务及旅游集聚区，面向休闲旅客和商务客群提供高品质住宿服务。
CSGS vs DRH — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$258.2M
营收增速更快
CSGS
高出0.7%
1.3%
净利率更高
DRH
高出3.4%
2.2%
两年增速更快
CSGS
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $258.2M |
| 净利润 | $7.0M | $14.5M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 11.1% |
| 净利率 | 2.2% | 5.6% |
| 营收同比 | 2.0% | 1.3% |
| 净利润同比 | -79.7% | 22.0% |
| 每股收益（稀释后） | $0.24 | $0.07 |
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CSGSDRH
| Q1 26 | — | $258.2M | ||
| Q4 25 | $323.1M | $274.5M | ||
| Q3 25 | $303.6M | $285.4M | ||
| Q2 25 | $297.1M | $305.7M | ||
| Q1 25 | $299.5M | $254.9M | ||
| Q4 24 | $316.7M | $279.1M | ||
| Q3 24 | $295.1M | $285.1M | ||
| Q2 24 | $290.3M | $309.3M |
净利润CSGSDRH
| Q1 26 | — | $14.5M | ||
| Q4 25 | $7.0M | $26.2M | ||
| Q3 25 | $20.5M | $22.5M | ||
| Q2 25 | $12.3M | $40.8M | ||
| Q1 25 | $16.1M | $11.9M | ||
| Q4 24 | $34.5M | $-11.2M | ||
| Q3 24 | $19.1M | $26.4M | ||
| Q2 24 | $13.8M | $24.5M |
毛利率CSGSDRH
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGSDRH
| Q1 26 | — | 11.1% | ||
| Q4 25 | 9.0% | 8.9% | ||
| Q3 25 | 10.0% | 8.1% | ||
| Q2 25 | 10.0% | 13.7% | ||
| Q1 25 | 9.8% | 4.3% | ||
| Q4 24 | 13.4% | -3.7% | ||
| Q3 24 | 10.8% | 9.5% | ||
| Q2 24 | 8.8% | 8.4% |
净利率CSGSDRH
| Q1 26 | — | 5.6% | ||
| Q4 25 | 2.2% | 9.5% | ||
| Q3 25 | 6.7% | 7.9% | ||
| Q2 25 | 4.1% | 13.4% | ||
| Q1 25 | 5.4% | 4.7% | ||
| Q4 24 | 10.9% | -4.0% | ||
| Q3 24 | 6.5% | 9.3% | ||
| Q2 24 | 4.8% | 7.9% |
每股收益（稀释后）CSGSDRH
| Q1 26 | — | $0.07 | ||
| Q4 25 | $0.24 | $0.12 | ||
| Q3 25 | $0.73 | $0.10 | ||
| Q2 25 | $0.44 | $0.18 | ||
| Q1 25 | $0.57 | $0.04 | ||
| Q4 24 | $1.20 | $-0.06 | ||
| Q3 24 | $0.67 | $0.11 | ||
| 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 | $39.3M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $1.4B |
| 总资产 | $1.5B | $3.0B |
| 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CSGSDRH
| Q1 26 | — | $39.3M | ||
| Q4 25 | $180.0M | $68.1M | ||
| Q3 25 | $158.4M | $145.3M | ||
| Q2 25 | $145.9M | $52.4M | ||
| Q1 25 | $136.0M | $100.6M | ||
| Q4 24 | $161.8M | $81.4M | ||
| Q3 24 | $118.4M | $75.3M | ||
| Q2 24 | $110.4M | $125.2M |
总债务CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | $539.5M | $1.1B | ||
| Q3 25 | $538.6M | $1.1B | ||
| Q2 25 | $537.8M | $1.0B | ||
| Q1 25 | $537.6M | $1.1B | ||
| Q4 24 | $538.5M | $1.1B | ||
| Q3 24 | $539.5M | $1.1B | ||
| Q2 24 | $540.5M | $1.2B |
股东权益CSGSDRH
| Q1 26 | — | $1.4B | ||
| Q4 25 | $283.7M | $1.4B | ||
| Q3 25 | $289.5M | $1.6B | ||
| Q2 25 | $290.7M | $1.6B | ||
| Q1 25 | $283.1M | $1.6B | ||
| Q4 24 | $282.6M | $1.6B | ||
| Q3 24 | $288.4M | $1.6B | ||
| Q2 24 | $273.3M | $1.6B |
总资产CSGSDRH
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $1.5B | $3.1B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.4B | $3.1B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.4B | $3.2B |
负债/权益比CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 0.76× | ||
| Q3 25 | 1.86× | 0.70× | ||
| Q2 25 | 1.85× | 0.65× | ||
| Q1 25 | 1.90× | 0.70× | ||
| Q4 24 | 1.91× | 0.69× | ||
| Q3 24 | 1.87× | 0.67× | ||
| Q2 24 | 1.98× | 0.71× |
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CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $67.9M | ||
| Q3 25 | $47.9M | $74.6M | ||
| Q2 25 | $37.3M | $73.6M | ||
| Q1 25 | $11.5M | $27.6M | ||
| Q4 24 | $82.5M | $75.8M | ||
| Q3 24 | $39.5M | $61.7M | ||
| Q2 24 | $43.1M | $55.7M |
自由现金流CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $47.3M | ||
| Q3 25 | $43.9M | $54.9M | ||
| Q2 25 | $34.6M | $57.9M | ||
| Q1 25 | $7.1M | $2.0M | ||
| Q4 24 | $76.6M | $52.6M | ||
| Q3 24 | $32.0M | $39.0M | ||
| Q2 24 | $38.8M | $38.8M |
自由现金流率CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 17.2% | ||
| Q3 25 | 14.5% | 19.2% | ||
| Q2 25 | 11.6% | 18.9% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 24.2% | 18.9% | ||
| Q3 24 | 10.8% | 13.7% | ||
| Q2 24 | 13.4% | 12.5% |
资本支出强度CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 7.5% | ||
| Q3 25 | 1.3% | 6.9% | ||
| Q2 25 | 0.9% | 5.1% | ||
| Q1 25 | 1.5% | 10.0% | ||
| Q4 24 | 1.9% | 8.3% | ||
| Q3 24 | 2.5% | 7.9% | ||
| Q2 24 | 1.5% | 5.5% |
现金转化率CSGSDRH
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 2.59× | ||
| Q3 25 | 2.34× | 3.31× | ||
| Q2 25 | 3.04× | 1.80× | ||
| Q1 25 | 0.71× | 2.33× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 2.33× | ||
| Q2 24 | 3.12× | 2.27× |
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% |
DRH
| Rooms | $164.1M | 64% |
| Food and beverage | $67.2M | 26% |
| Other | $26.9M | 10% |
