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南玻集团（CSGS）与ExlService Holdings, Inc.（EXLS）财务数据对比。点击上方公司名可切换其他公司
ExlService Holdings, Inc.的季度营收约是南玻集团的1.7倍（$542.6M vs $323.1M），ExlService Holdings, Inc.净利率更高（11.1% vs 2.2%，领先8.9%），ExlService Holdings, Inc.同比增速更快（12.7% vs 2.0%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $55.8M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% 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。
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
CSGS vs EXLS — 直观对比
营收规模更大
EXLS
是对方的1.7倍
$323.1M
营收增速更快
EXLS
高出10.7%
2.0%
净利率更高
EXLS
高出8.9%
2.2%
自由现金流更多
EXLS
多$50.7M
$55.8M
两年增速更快
EXLS
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $542.6M |
| 净利润 | $7.0M | $60.2M |
| 毛利率 | 50.0% | 38.6% |
| 营业利润率 | 9.0% | 14.4% |
| 净利率 | 2.2% | 11.1% |
| 营收同比 | 2.0% | 12.7% |
| 净利润同比 | -79.7% | 18.9% |
| 每股收益（稀释后） | $0.24 | $0.38 |
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CSGSEXLS
| Q4 25 | $323.1M | $542.6M | ||
| Q3 25 | $303.6M | $529.6M | ||
| Q2 25 | $297.1M | $514.5M | ||
| Q1 25 | $299.5M | $501.0M | ||
| Q4 24 | $316.7M | $481.4M | ||
| Q3 24 | $295.1M | $472.1M | ||
| Q2 24 | $290.3M | $448.4M | ||
| Q1 24 | $295.1M | $436.5M |
净利润CSGSEXLS
| Q4 25 | $7.0M | $60.2M | ||
| Q3 25 | $20.5M | $58.2M | ||
| Q2 25 | $12.3M | $66.1M | ||
| Q1 25 | $16.1M | $66.6M | ||
| Q4 24 | $34.5M | $50.7M | ||
| Q3 24 | $19.1M | $53.0M | ||
| Q2 24 | $13.8M | $45.8M | ||
| Q1 24 | $19.5M | $48.8M |
毛利率CSGSEXLS
| Q4 25 | 50.0% | 38.6% | ||
| Q3 25 | 48.1% | 38.5% | ||
| Q2 25 | 49.5% | 37.7% | ||
| Q1 25 | 48.4% | 38.6% | ||
| Q4 24 | 51.3% | 38.1% | ||
| Q3 24 | 49.4% | 37.8% | ||
| Q2 24 | 47.3% | 37.1% | ||
| Q1 24 | 46.5% | 37.4% |
营业利润率CSGSEXLS
| Q4 25 | 9.0% | 14.4% | ||
| Q3 25 | 10.0% | 14.4% | ||
| Q2 25 | 10.0% | 15.8% | ||
| Q1 25 | 9.8% | 15.7% | ||
| Q4 24 | 13.4% | 14.8% | ||
| Q3 24 | 10.8% | 14.7% | ||
| Q2 24 | 8.8% | 13.7% | ||
| Q1 24 | 10.8% | 14.1% |
净利率CSGSEXLS
| Q4 25 | 2.2% | 11.1% | ||
| Q3 25 | 6.7% | 11.0% | ||
| Q2 25 | 4.1% | 12.8% | ||
| Q1 25 | 5.4% | 13.3% | ||
| Q4 24 | 10.9% | 10.5% | ||
| Q3 24 | 6.5% | 11.2% | ||
| Q2 24 | 4.8% | 10.2% | ||
| Q1 24 | 6.6% | 11.2% |
每股收益（稀释后）CSGSEXLS
| Q4 25 | $0.24 | $0.38 | ||
| Q3 25 | $0.73 | $0.36 | ||
| Q2 25 | $0.44 | $0.40 | ||
| Q1 25 | $0.57 | $0.40 | ||
| Q4 24 | $1.20 | $0.31 | ||
| Q3 24 | $0.67 | $0.33 | ||
| Q2 24 | $0.48 | $0.28 | ||
| Q1 24 | $0.68 | $0.29 |
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 | $328.4M |
| 总债务越低越好 | $539.5M | $298.6M |
| 股东权益账面价值 | $283.7M | $912.7M |
| 总资产 | $1.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CSGSEXLS
| Q4 25 | $180.0M | $328.4M | ||
| Q3 25 | $158.4M | $390.1M | ||
| Q2 25 | $145.9M | $353.3M | ||
| Q1 25 | $136.0M | $331.4M | ||
| Q4 24 | $161.8M | $340.6M | ||
| Q3 24 | $118.4M | $325.8M | ||
| Q2 24 | $110.4M | $276.1M | ||
| Q1 24 | $120.8M | $246.2M |
总债务CSGSEXLS
| Q4 25 | $539.5M | $298.6M | ||
| Q3 25 | $538.6M | $354.8M | ||
| Q2 25 | $537.8M | $260.0M | ||
| Q1 25 | $537.6M | $307.3M | ||
| Q4 24 | $538.5M | $288.5M | ||
| Q3 24 | $539.5M | $344.7M | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSEXLS
| Q4 25 | $283.7M | $912.7M | ||
| Q3 25 | $289.5M | $952.4M | ||
| Q2 25 | $290.7M | $1.1B | ||
| Q1 25 | $283.1M | $1.0B | ||
| Q4 24 | $282.6M | $929.9M | ||
| Q3 24 | $288.4M | $907.6M | ||
| Q2 24 | $273.3M | $852.6M | ||
| Q1 24 | $269.3M | $803.3M |
总资产CSGSEXLS
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.3B | $1.4B |
负债/权益比CSGSEXLS
| Q4 25 | 1.90× | 0.33× | ||
| Q3 25 | 1.86× | 0.37× | ||
| Q2 25 | 1.85× | 0.25× | ||
| Q1 25 | 1.90× | 0.30× | ||
| Q4 24 | 1.91× | 0.31× | ||
| Q3 24 | 1.87× | 0.38× | ||
| 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 | $117.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $106.5M |
| 自由现金流率自由现金流/营收 | 17.3% | 19.6% |
| 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× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $298.1M |
8季度趋势，按日历期对齐
经营现金流CSGSEXLS
| Q4 25 | $59.2M | $117.4M | ||
| Q3 25 | $47.9M | $120.7M | ||
| Q2 25 | $37.3M | $109.4M | ||
| Q1 25 | $11.5M | $3.2M | ||
| Q4 24 | $82.5M | $105.3M | ||
| Q3 24 | $39.5M | $110.1M | ||
| Q2 24 | $43.1M | $74.9M | ||
| Q1 24 | $-29.4M | $-21.9M |
自由现金流CSGSEXLS
| Q4 25 | $55.8M | $106.5M | ||
| Q3 25 | $43.9M | $106.4M | ||
| Q2 25 | $34.6M | $95.0M | ||
| Q1 25 | $7.1M | $-9.7M | ||
| Q4 24 | $76.6M | $95.3M | ||
| Q3 24 | $32.0M | $97.3M | ||
| Q2 24 | $38.8M | $62.8M | ||
| Q1 24 | $-34.1M | $-33.1M |
自由现金流率CSGSEXLS
| Q4 25 | 17.3% | 19.6% | ||
| Q3 25 | 14.5% | 20.1% | ||
| Q2 25 | 11.6% | 18.5% | ||
| Q1 25 | 2.4% | -1.9% | ||
| Q4 24 | 24.2% | 19.8% | ||
| Q3 24 | 10.8% | 20.6% | ||
| Q2 24 | 13.4% | 14.0% | ||
| Q1 24 | -11.6% | -7.6% |
资本支出强度CSGSEXLS
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 1.3% | 2.7% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.5% | 2.6% | ||
| Q4 24 | 1.9% | 2.1% | ||
| Q3 24 | 2.5% | 2.7% | ||
| Q2 24 | 1.5% | 2.7% | ||
| Q1 24 | 1.6% | 2.6% |
现金转化率CSGSEXLS
| Q4 25 | 8.46× | 1.95× | ||
| Q3 25 | 2.34× | 2.08× | ||
| Q2 25 | 3.04× | 1.66× | ||
| Q1 25 | 0.71× | 0.05× | ||
| Q4 24 | 2.39× | 2.08× | ||
| Q3 24 | 2.07× | 2.08× | ||
| Q2 24 | 3.12× | 1.63× | ||
| 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% |
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
