vs
南玻集团（CSGS）与FIRST ADVANTAGE CORP（FA）财务数据对比。点击上方公司名可切换其他公司
FIRST ADVANTAGE CORP的季度营收约是南玻集团的1.3倍（$420.0M vs $323.1M），南玻集团净利率更高（2.2% vs 0.8%，领先1.3%），FIRST ADVANTAGE CORP同比增速更快（36.8% vs 2.0%），FIRST ADVANTAGE CORP自由现金流更多（$62.2M vs $55.8M），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% 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。
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
CSGS vs FA — 直观对比
营收规模更大
FA
是对方的1.3倍
$323.1M
营收增速更快
FA
高出34.7%
2.0%
净利率更高
CSGS
高出1.3%
0.8%
自由现金流更多
FA
多$6.3M
$55.8M
两年增速更快
FA
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $420.0M |
| 净利润 | $7.0M | $3.5M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 10.7% |
| 净利率 | 2.2% | 0.8% |
| 营收同比 | 2.0% | 36.8% |
| 净利润同比 | -79.7% | 103.5% |
| 每股收益（稀释后） | $0.24 | $0.03 |
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CSGSFA
| Q4 25 | $323.1M | $420.0M | ||
| Q3 25 | $303.6M | $409.2M | ||
| Q2 25 | $297.1M | $390.6M | ||
| Q1 25 | $299.5M | $354.6M | ||
| Q4 24 | $316.7M | $307.1M | ||
| Q3 24 | $295.1M | $199.1M | ||
| Q2 24 | $290.3M | $184.5M | ||
| Q1 24 | $295.1M | $169.4M |
净利润CSGSFA
| Q4 25 | $7.0M | $3.5M | ||
| Q3 25 | $20.5M | $2.6M | ||
| Q2 25 | $12.3M | $308.0K | ||
| Q1 25 | $16.1M | $-41.2M | ||
| Q4 24 | $34.5M | $-100.4M | ||
| Q3 24 | $19.1M | $-8.9M | ||
| Q2 24 | $13.8M | $1.9M | ||
| Q1 24 | $19.5M | $-2.9M |
毛利率CSGSFA
| 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CSGSFA
| Q4 25 | 9.0% | 10.7% | ||
| Q3 25 | 10.0% | 10.3% | ||
| Q2 25 | 10.0% | 9.7% | ||
| Q1 25 | 9.8% | 2.1% | ||
| Q4 24 | 13.4% | -26.3% | ||
| Q3 24 | 10.8% | 4.6% | ||
| Q2 24 | 8.8% | 5.4% | ||
| Q1 24 | 10.8% | -0.4% |
净利率CSGSFA
| Q4 25 | 2.2% | 0.8% | ||
| Q3 25 | 6.7% | 0.6% | ||
| Q2 25 | 4.1% | 0.1% | ||
| Q1 25 | 5.4% | -11.6% | ||
| Q4 24 | 10.9% | -32.7% | ||
| Q3 24 | 6.5% | -4.4% | ||
| Q2 24 | 4.8% | 1.0% | ||
| Q1 24 | 6.6% | -1.7% |
每股收益（稀释后）CSGSFA
| Q4 25 | $0.24 | $0.03 | ||
| Q3 25 | $0.73 | $0.01 | ||
| Q2 25 | $0.44 | $0.00 | ||
| Q1 25 | $0.57 | $-0.24 | ||
| Q4 24 | $1.20 | $-0.67 | ||
| Q3 24 | $0.67 | $-0.06 | ||
| Q2 24 | $0.48 | $0.01 | ||
| Q1 24 | $0.68 | $-0.02 |
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 | $240.0M |
| 总债务越低越好 | $539.5M | $2.1B |
| 股东权益账面价值 | $283.7M | $1.3B |
| 总资产 | $1.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.90× | 1.61× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFA
| Q4 25 | $180.0M | $240.0M | ||
| Q3 25 | $158.4M | $216.8M | ||
| Q2 25 | $145.9M | $184.3M | ||
| Q1 25 | $136.0M | $172.0M | ||
| Q4 24 | $161.8M | $168.7M | ||
| Q3 24 | $118.4M | $307.4M | ||
| Q2 24 | $110.4M | $269.6M | ||
| Q1 24 | $120.8M | $246.0M |
总债务CSGSFA
| Q4 25 | $539.5M | $2.1B | ||
| Q3 25 | $538.6M | $2.1B | ||
| Q2 25 | $537.8M | $2.1B | ||
| Q1 25 | $537.6M | $2.2B | ||
| Q4 24 | $538.5M | $2.2B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSFA
| Q4 25 | $283.7M | $1.3B | ||
| Q3 25 | $289.5M | $1.3B | ||
| Q2 25 | $290.7M | $1.3B | ||
| Q1 25 | $283.1M | $1.3B | ||
| Q4 24 | $282.6M | $1.3B | ||
| Q3 24 | $288.4M | $920.7M | ||
| Q2 24 | $273.3M | $913.3M | ||
| Q1 24 | $269.3M | $907.7M |
总资产CSGSFA
| Q4 25 | $1.5B | $3.8B | ||
| Q3 25 | $1.5B | $3.9B | ||
| Q2 25 | $1.4B | $3.9B | ||
| Q1 25 | $1.4B | $3.9B | ||
| Q4 24 | $1.5B | $3.9B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.6B |
负债/权益比CSGSFA
| Q4 25 | 1.90× | 1.61× | ||
| Q3 25 | 1.86× | 1.64× | ||
| Q2 25 | 1.85× | 1.65× | ||
| Q1 25 | 1.90× | 1.69× | ||
| Q4 24 | 1.91× | 1.66× | ||
| 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 | $65.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $62.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 14.8% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 8.46× | 19.01× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $188.5M |
8季度趋势，按日历期对齐
经营现金流CSGSFA
| Q4 25 | $59.2M | $65.9M | ||
| Q3 25 | $47.9M | $72.4M | ||
| Q2 25 | $37.3M | $37.3M | ||
| Q1 25 | $11.5M | $19.5M | ||
| Q4 24 | $82.5M | $-85.7M | ||
| Q3 24 | $39.5M | $43.5M | ||
| Q2 24 | $43.1M | $32.0M | ||
| Q1 24 | $-29.4M | $38.3M |
自由现金流CSGSFA
| Q4 25 | $55.8M | $62.2M | ||
| Q3 25 | $43.9M | $71.2M | ||
| Q2 25 | $34.6M | $36.1M | ||
| Q1 25 | $7.1M | $19.0M | ||
| Q4 24 | $76.6M | $-86.0M | ||
| Q3 24 | $32.0M | $43.1M | ||
| Q2 24 | $38.8M | $31.4M | ||
| Q1 24 | $-34.1M | $38.0M |
自由现金流率CSGSFA
| Q4 25 | 17.3% | 14.8% | ||
| Q3 25 | 14.5% | 17.4% | ||
| Q2 25 | 11.6% | 9.2% | ||
| Q1 25 | 2.4% | 5.4% | ||
| Q4 24 | 24.2% | -28.0% | ||
| Q3 24 | 10.8% | 21.6% | ||
| Q2 24 | 13.4% | 17.0% | ||
| Q1 24 | -11.6% | 22.4% |
资本支出强度CSGSFA
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 1.5% | 0.1% | ||
| Q4 24 | 1.9% | 0.1% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.6% | 0.2% |
现金转化率CSGSFA
| Q4 25 | 8.46× | 19.01× | ||
| Q3 25 | 2.34× | 27.91× | ||
| Q2 25 | 3.04× | 121.25× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | 17.22× | ||
| Q1 24 | -1.51× | — |
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% |
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
