vs
南玻集团（CSGS）与ESCO TECHNOLOGIES INC（ESE）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ESCO TECHNOLOGIES INC的1.1倍（$323.1M vs $289.7M），ESCO TECHNOLOGIES INC净利率更高（9.9% vs 2.2%，领先7.7%），ESCO TECHNOLOGIES INC同比增速更快（17.3% vs 2.0%），ESCO TECHNOLOGIES INC自由现金流更多（$63.0M vs $55.8M），过去两年ESCO TECHNOLOGIES INC的营收复合增速更高（7.8% 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。
ESCO是来自新加坡的品牌，专注于实验室领域相关产品及服务的研发、生产与销售，可为各类科研、检测及工业实验室提供适配的产品解决方案与配套支持，产品广泛应用于生命科学、医疗健康、工业检测等多个领域。
CSGS vs ESE — 直观对比
营收规模更大
CSGS
是对方的1.1倍
$289.7M
营收增速更快
ESE
高出15.2%
2.0%
净利率更高
ESE
高出7.7%
2.2%
自由现金流更多
ESE
多$7.2M
$55.8M
两年增速更快
ESE
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $289.7M |
| 净利润 | $7.0M | $28.7M |
| 毛利率 | 50.0% | 41.4% |
| 营业利润率 | 9.0% | 13.2% |
| 净利率 | 2.2% | 9.9% |
| 营收同比 | 2.0% | 17.3% |
| 净利润同比 | -79.7% | 22.2% |
| 每股收益（稀释后） | $0.24 | $1.11 |
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CSGSESE
| Q4 25 | $323.1M | $289.7M | ||
| Q3 25 | $303.6M | $286.5M | ||
| Q2 25 | $297.1M | $296.3M | ||
| Q1 25 | $299.5M | $265.5M | ||
| Q4 24 | $316.7M | $247.0M | ||
| Q3 24 | $295.1M | $298.5M | ||
| Q2 24 | $290.3M | $260.8M | ||
| Q1 24 | $295.1M | $249.1M |
净利润CSGSESE
| Q4 25 | $7.0M | $28.7M | ||
| Q3 25 | $20.5M | $218.7M | ||
| Q2 25 | $12.3M | $26.1M | ||
| Q1 25 | $16.1M | $31.0M | ||
| Q4 24 | $34.5M | $23.5M | ||
| Q3 24 | $19.1M | $34.3M | ||
| Q2 24 | $13.8M | $29.2M | ||
| Q1 24 | $19.5M | $23.2M |
毛利率CSGSESE
| Q4 25 | 50.0% | 41.4% | ||
| Q3 25 | 48.1% | 45.9% | ||
| Q2 25 | 49.5% | 41.2% | ||
| Q1 25 | 48.4% | 41.1% | ||
| Q4 24 | 51.3% | 39.8% | ||
| Q3 24 | 49.4% | 40.1% | ||
| Q2 24 | 47.3% | 39.6% | ||
| Q1 24 | 46.5% | 38.8% |
营业利润率CSGSESE
| Q4 25 | 9.0% | 13.2% | ||
| Q3 25 | 10.0% | 17.2% | ||
| Q2 25 | 10.0% | 11.2% | ||
| Q1 25 | 9.8% | 15.3% | ||
| Q4 24 | 13.4% | 11.4% | ||
| Q3 24 | 10.8% | 14.8% | ||
| Q2 24 | 8.8% | 14.3% | ||
| Q1 24 | 10.8% | 11.7% |
净利率CSGSESE
| Q4 25 | 2.2% | 9.9% | ||
| Q3 25 | 6.7% | 76.3% | ||
| Q2 25 | 4.1% | 8.8% | ||
| Q1 25 | 5.4% | 11.7% | ||
| Q4 24 | 10.9% | 9.5% | ||
| Q3 24 | 6.5% | 11.5% | ||
| Q2 24 | 4.8% | 11.2% | ||
| Q1 24 | 6.6% | 9.3% |
每股收益（稀释后）CSGSESE
| Q4 25 | $0.24 | $1.11 | ||
| Q3 25 | $0.73 | $8.43 | ||
| Q2 25 | $0.44 | $1.01 | ||
| Q1 25 | $0.57 | $1.20 | ||
| Q4 24 | $1.20 | $0.91 | ||
| Q3 24 | $0.67 | $1.32 | ||
| Q2 24 | $0.48 | $1.13 | ||
| Q1 24 | $0.68 | $0.90 |
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 | $103.8M |
| 总债务越低越好 | $539.5M | $145.5M |
| 股东权益账面价值 | $283.7M | $1.6B |
| 总资产 | $1.5B | $2.4B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CSGSESE
| Q4 25 | $180.0M | $103.8M | ||
| Q3 25 | $158.4M | $101.3M | ||
| Q2 25 | $145.9M | $78.7M | ||
| Q1 25 | $136.0M | $57.4M | ||
| Q4 24 | $161.8M | $71.3M | ||
| Q3 24 | $118.4M | $66.0M | ||
| Q2 24 | $110.4M | $63.0M | ||
| Q1 24 | $120.8M | $59.4M |
总债务CSGSESE
| Q4 25 | $539.5M | $145.5M | ||
| Q3 25 | $538.6M | $186.0M | ||
| Q2 25 | $537.8M | $525.0M | ||
| Q1 25 | $537.6M | $88.0M | ||
| Q4 24 | $538.5M | $112.0M | ||
| Q3 24 | $539.5M | $122.0M | ||
| Q2 24 | $540.5M | $173.0M | ||
| Q1 24 | $541.5M | $191.0M |
股东权益CSGSESE
| Q4 25 | $283.7M | $1.6B | ||
| Q3 25 | $289.5M | $1.5B | ||
| Q2 25 | $290.7M | $1.3B | ||
| Q1 25 | $283.1M | $1.3B | ||
| Q4 24 | $282.6M | $1.2B | ||
| Q3 24 | $288.4M | $1.2B | ||
| Q2 24 | $273.3M | $1.2B | ||
| Q1 24 | $269.3M | $1.2B |
总资产CSGSESE
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.3B | $1.8B |
负债/权益比CSGSESE
| Q4 25 | 1.90× | 0.09× | ||
| Q3 25 | 1.86× | 0.12× | ||
| Q2 25 | 1.85× | 0.40× | ||
| Q1 25 | 1.90× | 0.07× | ||
| Q4 24 | 1.91× | 0.09× | ||
| Q3 24 | 1.87× | 0.10× | ||
| Q2 24 | 1.98× | 0.14× | ||
| Q1 24 | 2.01× | 0.16× |
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 | $68.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $63.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 21.7% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.40× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $239.6M |
8季度趋势，按日历期对齐
经营现金流CSGSESE
| Q4 25 | $59.2M | $68.9M | ||
| Q3 25 | $47.9M | $109.9M | ||
| Q2 25 | $37.3M | $73.7M | ||
| Q1 25 | $11.5M | $24.1M | ||
| Q4 24 | $82.5M | $34.2M | ||
| Q3 24 | $39.5M | $72.1M | ||
| Q2 24 | $43.1M | $36.2M | ||
| Q1 24 | $-29.4M | $10.5M |
自由现金流CSGSESE
| Q4 25 | $55.8M | $63.0M | ||
| Q3 25 | $43.9M | $97.8M | ||
| Q2 25 | $34.6M | $64.9M | ||
| Q1 25 | $7.1M | $14.0M | ||
| Q4 24 | $76.6M | $29.0M | ||
| Q3 24 | $32.0M | $60.9M | ||
| Q2 24 | $38.8M | $27.6M | ||
| Q1 24 | $-34.1M | $2.0M |
自由现金流率CSGSESE
| Q4 25 | 17.3% | 21.7% | ||
| Q3 25 | 14.5% | 34.1% | ||
| Q2 25 | 11.6% | 21.9% | ||
| Q1 25 | 2.4% | 5.3% | ||
| Q4 24 | 24.2% | 11.7% | ||
| Q3 24 | 10.8% | 20.4% | ||
| Q2 24 | 13.4% | 10.6% | ||
| Q1 24 | -11.6% | 0.8% |
资本支出强度CSGSESE
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 0.9% | 3.0% | ||
| Q1 25 | 1.5% | 3.8% | ||
| Q4 24 | 1.9% | 2.1% | ||
| Q3 24 | 2.5% | 3.8% | ||
| Q2 24 | 1.5% | 3.3% | ||
| Q1 24 | 1.6% | 3.4% |
现金转化率CSGSESE
| Q4 25 | 8.46× | 2.40× | ||
| Q3 25 | 2.34× | 0.50× | ||
| Q2 25 | 3.04× | 2.83× | ||
| Q1 25 | 0.71× | 0.78× | ||
| Q4 24 | 2.39× | 1.46× | ||
| Q3 24 | 2.07× | 2.10× | ||
| Q2 24 | 3.12× | 1.24× | ||
| Q1 24 | -1.51× | 0.45× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
