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南玻集团（CSGS）与DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.0倍（$323.1M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 2.2%，领先32.8%），DT Midstream, Inc.同比增速更快（27.3% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $30.0M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% 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。
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
CSGS vs DTM — 直观对比
营收规模更大
CSGS
是对方的1.0倍
$317.0M
营收增速更快
DTM
高出25.3%
2.0%
净利率更高
DTM
高出32.8%
2.2%
自由现金流更多
CSGS
多$25.8M
$30.0M
两年增速更快
DTM
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $317.0M |
| 净利润 | $7.0M | $111.0M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 49.2% |
| 净利率 | 2.2% | 35.0% |
| 营收同比 | 2.0% | 27.3% |
| 净利润同比 | -79.7% | 52.1% |
| 每股收益（稀释后） | $0.24 | $1.07 |
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CSGSDTM
| Q4 25 | $323.1M | $317.0M | ||
| Q3 25 | $303.6M | $314.0M | ||
| Q2 25 | $297.1M | $309.0M | ||
| Q1 25 | $299.5M | $303.0M | ||
| Q4 24 | $316.7M | $249.0M | ||
| Q3 24 | $295.1M | $248.0M | ||
| Q2 24 | $290.3M | $244.0M | ||
| Q1 24 | $295.1M | $240.0M |
净利润CSGSDTM
| Q4 25 | $7.0M | $111.0M | ||
| Q3 25 | $20.5M | $115.0M | ||
| Q2 25 | $12.3M | $107.0M | ||
| Q1 25 | $16.1M | $108.0M | ||
| Q4 24 | $34.5M | $73.0M | ||
| Q3 24 | $19.1M | $88.0M | ||
| Q2 24 | $13.8M | $96.0M | ||
| Q1 24 | $19.5M | $97.0M |
毛利率CSGSDTM
| 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CSGSDTM
| Q4 25 | 9.0% | 49.2% | ||
| Q3 25 | 10.0% | 49.4% | ||
| Q2 25 | 10.0% | 50.2% | ||
| Q1 25 | 9.8% | 48.8% | ||
| Q4 24 | 13.4% | 45.4% | ||
| Q3 24 | 10.8% | 49.2% | ||
| Q2 24 | 8.8% | 53.3% | ||
| Q1 24 | 10.8% | 51.7% |
净利率CSGSDTM
| Q4 25 | 2.2% | 35.0% | ||
| Q3 25 | 6.7% | 36.6% | ||
| Q2 25 | 4.1% | 34.6% | ||
| Q1 25 | 5.4% | 35.6% | ||
| Q4 24 | 10.9% | 29.3% | ||
| Q3 24 | 6.5% | 35.5% | ||
| Q2 24 | 4.8% | 39.3% | ||
| Q1 24 | 6.6% | 40.4% |
每股收益（稀释后）CSGSDTM
| Q4 25 | $0.24 | $1.07 | ||
| Q3 25 | $0.73 | $1.13 | ||
| Q2 25 | $0.44 | $1.04 | ||
| Q1 25 | $0.57 | $1.06 | ||
| Q4 24 | $1.20 | $0.73 | ||
| Q3 24 | $0.67 | $0.90 | ||
| Q2 24 | $0.48 | $0.98 | ||
| Q1 24 | $0.68 | $0.99 |
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 | $54.0M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $4.7B |
| 总资产 | $1.5B | $10.1B |
| 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CSGSDTM
| Q4 25 | $180.0M | $54.0M | ||
| Q3 25 | $158.4M | $98.0M | ||
| Q2 25 | $145.9M | $74.0M | ||
| Q1 25 | $136.0M | $83.0M | ||
| Q4 24 | $161.8M | $68.0M | ||
| Q3 24 | $118.4M | $77.0M | ||
| Q2 24 | $110.4M | $73.0M | ||
| Q1 24 | $120.8M | $41.0M |
总债务CSGSDTM
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $3.4B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSDTM
| Q4 25 | $283.7M | $4.7B | ||
| Q3 25 | $289.5M | $4.7B | ||
| Q2 25 | $290.7M | $4.7B | ||
| Q1 25 | $283.1M | $4.6B | ||
| Q4 24 | $282.6M | $4.6B | ||
| Q3 24 | $288.4M | $4.2B | ||
| Q2 24 | $273.3M | $4.2B | ||
| Q1 24 | $269.3M | $4.2B |
总资产CSGSDTM
| Q4 25 | $1.5B | $10.1B | ||
| Q3 25 | $1.5B | $10.1B | ||
| Q2 25 | $1.4B | $10.0B | ||
| Q1 25 | $1.4B | $9.9B | ||
| Q4 24 | $1.5B | $9.9B | ||
| Q3 24 | $1.4B | $8.6B | ||
| Q2 24 | $1.4B | $9.0B | ||
| Q1 24 | $1.3B | $9.0B |
负债/权益比CSGSDTM
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 0.72× | ||
| 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 | $161.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $30.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 9.5% |
| 资本支出强度资本支出/营收 | 1.1% | 41.3% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $441.0M |
8季度趋势，按日历期对齐
经营现金流CSGSDTM
| Q4 25 | $59.2M | $161.0M | ||
| Q3 25 | $47.9M | $274.0M | ||
| Q2 25 | $37.3M | $185.0M | ||
| Q1 25 | $11.5M | $247.0M | ||
| Q4 24 | $82.5M | $152.0M | ||
| Q3 24 | $39.5M | $205.0M | ||
| Q2 24 | $43.1M | $165.0M | ||
| Q1 24 | $-29.4M | $241.0M |
自由现金流CSGSDTM
| Q4 25 | $55.8M | $30.0M | ||
| Q3 25 | $43.9M | $131.0M | ||
| Q2 25 | $34.6M | $104.0M | ||
| Q1 25 | $7.1M | $176.0M | ||
| Q4 24 | $76.6M | $62.0M | ||
| Q3 24 | $32.0M | $124.0M | ||
| Q2 24 | $38.8M | $84.0M | ||
| Q1 24 | $-34.1M | $143.0M |
自由现金流率CSGSDTM
| Q4 25 | 17.3% | 9.5% | ||
| Q3 25 | 14.5% | 41.7% | ||
| Q2 25 | 11.6% | 33.7% | ||
| Q1 25 | 2.4% | 58.1% | ||
| Q4 24 | 24.2% | 24.9% | ||
| Q3 24 | 10.8% | 50.0% | ||
| Q2 24 | 13.4% | 34.4% | ||
| Q1 24 | -11.6% | 59.6% |
资本支出强度CSGSDTM
| Q4 25 | 1.1% | 41.3% | ||
| Q3 25 | 1.3% | 45.5% | ||
| Q2 25 | 0.9% | 26.2% | ||
| Q1 25 | 1.5% | 23.4% | ||
| Q4 24 | 1.9% | 36.1% | ||
| Q3 24 | 2.5% | 32.7% | ||
| Q2 24 | 1.5% | 33.2% | ||
| Q1 24 | 1.6% | 40.8% |
现金转化率CSGSDTM
| Q4 25 | 8.46× | 1.45× | ||
| Q3 25 | 2.34× | 2.38× | ||
| Q2 25 | 3.04× | 1.73× | ||
| Q1 25 | 0.71× | 2.29× | ||
| Q4 24 | 2.39× | 2.08× | ||
| Q3 24 | 2.07× | 2.33× | ||
| Q2 24 | 3.12× | 1.72× | ||
| Q1 24 | -1.51× | 2.48× |
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% |
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
