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南玻集团（CSGS）与慧与（EFSC）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慧与的1.7倍（$323.1M vs $185.2M），慧与净利率更高（26.6% vs 2.2%，领先24.5%），过去两年慧与的营收复合增速更高（9.0% 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。
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
CSGS vs EFSC — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$185.2M
净利率更高
EFSC
高出24.5%
2.2%
两年增速更快
EFSC
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $185.2M |
| 净利润 | $7.0M | $49.4M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | 26.6% |
| 营收同比 | 2.0% | — |
| 净利润同比 | -79.7% | -1.2% |
| 每股收益（稀释后） | $0.24 | $1.30 |
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CSGSEFSC
| Q1 26 | — | $185.2M | ||
| Q4 25 | $323.1M | $193.6M | ||
| Q3 25 | $303.6M | $206.9M | ||
| Q2 25 | $297.1M | $173.4M | ||
| Q1 25 | $299.5M | $166.0M | ||
| Q4 24 | $316.7M | $167.0M | ||
| Q3 24 | $295.1M | $164.9M | ||
| Q2 24 | $290.3M | $156.0M |
净利润CSGSEFSC
| Q1 26 | — | $49.4M | ||
| Q4 25 | $7.0M | $54.8M | ||
| Q3 25 | $20.5M | $45.2M | ||
| Q2 25 | $12.3M | $51.4M | ||
| Q1 25 | $16.1M | $50.0M | ||
| Q4 24 | $34.5M | $48.8M | ||
| Q3 24 | $19.1M | $50.6M | ||
| Q2 24 | $13.8M | $45.4M |
毛利率CSGSEFSC
| 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CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | 42.9% | ||
| Q2 25 | 10.0% | 37.0% | ||
| Q1 25 | 9.8% | 36.8% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | 38.1% | ||
| Q2 24 | 8.8% | 36.7% |
净利率CSGSEFSC
| Q1 26 | — | 26.6% | ||
| Q4 25 | 2.2% | 28.3% | ||
| Q3 25 | 6.7% | 21.9% | ||
| Q2 25 | 4.1% | 29.6% | ||
| Q1 25 | 5.4% | 30.1% | ||
| Q4 24 | 10.9% | 29.2% | ||
| Q3 24 | 6.5% | 30.7% | ||
| Q2 24 | 4.8% | 29.1% |
每股收益（稀释后）CSGSEFSC
| Q1 26 | — | $1.30 | ||
| Q4 25 | $0.24 | $1.45 | ||
| Q3 25 | $0.73 | $1.19 | ||
| Q2 25 | $0.44 | $1.36 | ||
| Q1 25 | $0.57 | $1.31 | ||
| Q4 24 | $1.20 | $1.27 | ||
| Q3 24 | $0.67 | $1.32 | ||
| Q2 24 | $0.48 | $1.19 |
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 | — |
| 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 | $17.3B |
| 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CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — |
总债务CSGSEFSC
| Q1 26 | — | — | ||
| 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 | — |
股东权益CSGSEFSC
| Q1 26 | — | $2.1B | ||
| Q4 25 | $283.7M | $2.0B | ||
| Q3 25 | $289.5M | $2.0B | ||
| 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 | $1.8B |
总资产CSGSEFSC
| Q1 26 | — | $17.3B | ||
| Q4 25 | $1.5B | $17.3B | ||
| Q3 25 | $1.5B | $16.4B | ||
| Q2 25 | $1.4B | $16.1B | ||
| Q1 25 | $1.4B | $15.7B | ||
| Q4 24 | $1.5B | $15.6B | ||
| Q3 24 | $1.4B | $15.0B | ||
| Q2 24 | $1.4B | $14.6B |
负债/权益比CSGSEFSC
| Q1 26 | — | — | ||
| 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× | — |
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CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $193.5M | ||
| Q3 25 | $47.9M | $49.4M | ||
| Q2 25 | $37.3M | $61.3M | ||
| Q1 25 | $11.5M | $40.0M | ||
| Q4 24 | $82.5M | $247.4M | ||
| Q3 24 | $39.5M | $89.0M | ||
| Q2 24 | $43.1M | $76.5M |
自由现金流CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $181.5M | ||
| Q3 25 | $43.9M | $47.1M | ||
| Q2 25 | $34.6M | $59.0M | ||
| Q1 25 | $7.1M | $35.6M | ||
| Q4 24 | $76.6M | $239.9M | ||
| Q3 24 | $32.0M | $88.2M | ||
| Q2 24 | $38.8M | $74.7M |
自由现金流率CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 93.8% | ||
| Q3 25 | 14.5% | 22.8% | ||
| Q2 25 | 11.6% | 34.0% | ||
| Q1 25 | 2.4% | 21.5% | ||
| Q4 24 | 24.2% | 143.7% | ||
| Q3 24 | 10.8% | 53.5% | ||
| Q2 24 | 13.4% | 47.9% |
资本支出强度CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 6.2% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 1.5% | 2.7% | ||
| Q4 24 | 1.9% | 4.5% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 1.5% | 1.1% |
现金转化率CSGSEFSC
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 3.53× | ||
| Q3 25 | 2.34× | 1.09× | ||
| Q2 25 | 3.04× | 1.19× | ||
| Q1 25 | 0.71× | 0.80× | ||
| Q4 24 | 2.39× | 5.07× | ||
| Q3 24 | 2.07× | 1.76× | ||
| Q2 24 | 3.12× | 1.68× |
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% |
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
