vs
南玻集团（CSGS）与西蒙地产集团（ELS）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是南玻集团的1.2倍（$397.6M vs $323.1M），西蒙地产集团同比增速更快（2.7% vs 2.0%），过去两年南玻集团的营收复合增速更高（4.6% vs 2.3%）
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。
西蒙地产集团是美国头部房地产投资信托企业，投资范围涵盖购物中心、奥特莱斯及社区生活中心等商业地产业态，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业权益。
CSGS vs ELS — 直观对比
营收规模更大
ELS
是对方的1.2倍
$323.1M
营收增速更快
ELS
高出0.6%
2.0%
两年增速更快
CSGS
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $397.6M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | 2.7% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $0.56 |
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CSGSELS
| Q1 26 | — | $397.6M | ||
| Q4 25 | $323.1M | $373.9M | ||
| Q3 25 | $303.6M | $393.3M | ||
| Q2 25 | $297.1M | $376.9M | ||
| Q1 25 | $299.5M | $387.3M | ||
| Q4 24 | $316.7M | $372.3M | ||
| Q3 24 | $295.1M | $387.3M | ||
| Q2 24 | $290.3M | $380.0M |
净利润CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | $7.0M | $103.8M | ||
| Q3 25 | $20.5M | $100.4M | ||
| Q2 25 | $12.3M | $83.5M | ||
| Q1 25 | $16.1M | $114.4M | ||
| Q4 24 | $34.5M | $100.6M | ||
| Q3 24 | $19.1M | $86.9M | ||
| Q2 24 | $13.8M | $82.1M |
毛利率CSGSELS
| 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CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 26.5% | ||
| Q3 25 | 10.0% | 25.1% | ||
| Q2 25 | 10.0% | 22.3% | ||
| Q1 25 | 9.8% | 28.3% | ||
| Q4 24 | 13.4% | 27.2% | ||
| Q3 24 | 10.8% | 21.4% | ||
| Q2 24 | 8.8% | 21.5% |
净利率CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 27.8% | ||
| Q3 25 | 6.7% | 25.5% | ||
| Q2 25 | 4.1% | 22.2% | ||
| Q1 25 | 5.4% | 29.5% | ||
| Q4 24 | 10.9% | 27.0% | ||
| Q3 24 | 6.5% | 22.4% | ||
| Q2 24 | 4.8% | 21.6% |
每股收益（稀释后）CSGSELS
| Q1 26 | — | $0.56 | ||
| Q4 25 | $0.24 | $0.52 | ||
| Q3 25 | $0.73 | $0.50 | ||
| Q2 25 | $0.44 | $0.42 | ||
| Q1 25 | $0.57 | $0.57 | ||
| Q4 24 | $1.20 | $0.51 | ||
| Q3 24 | $0.67 | $0.44 | ||
| Q2 24 | $0.48 | $0.42 |
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 | $1.8B |
| 总资产 | $1.5B | $5.7M |
| 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CSGSELS
| 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CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | $539.5M | $3.3B | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $3.2B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — |
股东权益CSGSELS
| Q1 26 | — | $1.8B | ||
| Q4 25 | $283.7M | $1.8B | ||
| Q3 25 | $289.5M | $1.8B | ||
| Q2 25 | $290.7M | $1.7B | ||
| Q1 25 | $283.1M | $1.7B | ||
| Q4 24 | $282.6M | $1.7B | ||
| Q3 24 | $288.4M | $1.4B | ||
| Q2 24 | $273.3M | $1.4B |
总资产CSGSELS
| Q1 26 | — | $5.7M | ||
| Q4 25 | $1.5B | $5.7B | ||
| Q3 25 | $1.5B | $5.7B | ||
| Q2 25 | $1.4B | $5.7B | ||
| Q1 25 | $1.4B | $5.6B | ||
| Q4 24 | $1.5B | $5.6B | ||
| Q3 24 | $1.4B | $5.6B | ||
| Q2 24 | $1.4B | $5.6B |
负债/权益比CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 1.91× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 1.84× | ||
| 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CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $571.1M | ||
| Q3 25 | $47.9M | $147.0M | ||
| Q2 25 | $37.3M | $131.3M | ||
| Q1 25 | $11.5M | $193.4M | ||
| Q4 24 | $82.5M | $596.7M | ||
| Q3 24 | $39.5M | $149.5M | ||
| Q2 24 | $43.1M | $143.1M |
自由现金流CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $334.1M | ||
| Q3 25 | $43.9M | $75.7M | ||
| Q2 25 | $34.6M | $71.8M | ||
| Q1 25 | $7.1M | $148.2M | ||
| Q4 24 | $76.6M | $355.4M | ||
| Q3 24 | $32.0M | $91.1M | ||
| Q2 24 | $38.8M | $80.6M |
自由现金流率CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 89.4% | ||
| Q3 25 | 14.5% | 19.3% | ||
| Q2 25 | 11.6% | 19.1% | ||
| Q1 25 | 2.4% | 38.3% | ||
| Q4 24 | 24.2% | 95.5% | ||
| Q3 24 | 10.8% | 23.5% | ||
| Q2 24 | 13.4% | 21.2% |
资本支出强度CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 63.4% | ||
| Q3 25 | 1.3% | 18.1% | ||
| Q2 25 | 0.9% | 15.8% | ||
| Q1 25 | 1.5% | 11.7% | ||
| Q4 24 | 1.9% | 64.8% | ||
| Q3 24 | 2.5% | 15.1% | ||
| Q2 24 | 1.5% | 16.5% |
现金转化率CSGSELS
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 5.50× | ||
| Q3 25 | 2.34× | 1.46× | ||
| Q2 25 | 3.04× | 1.57× | ||
| Q1 25 | 0.71× | 1.69× | ||
| Q4 24 | 2.39× | 5.93× | ||
| Q3 24 | 2.07× | 1.72× | ||
| Q2 24 | 3.12× | 1.74× |
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% |
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
