vs
南玻集团（CSGS）与FIRST BANCORP（FBP）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FIRST BANCORP的1.3倍（$323.1M vs $257.2M），FIRST BANCORP净利率更高（33.9% vs 2.2%，领先31.7%），FIRST BANCORP同比增速更快（6.5% vs 2.0%），FIRST BANCORP自由现金流更多（$103.2M vs $55.8M），过去两年FIRST BANCORP的营收复合增速更高（5.6% 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。
第一中西部银行总部位于美国伊利诺伊州芝加哥市，地处奥黑尔机场东侧，其前身可追溯至伊利诺伊州乔利埃特市。发展至今，该行服务范围覆盖芝加哥众多郊区，包括印第安纳州西北部、伊利诺伊州南部、威斯康星州东南部以及含爱荷华州在内的四城地区，是美国规模最大的银行机构之一。
CSGS vs FBP — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$257.2M
营收增速更快
FBP
高出4.5%
2.0%
净利率更高
FBP
高出31.7%
2.2%
自由现金流更多
FBP
多$47.4M
$55.8M
两年增速更快
FBP
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $257.2M |
| 净利润 | $7.0M | $87.1M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 41.7% |
| 净利率 | 2.2% | 33.9% |
| 营收同比 | 2.0% | 6.5% |
| 净利润同比 | -79.7% | 15.1% |
| 每股收益（稀释后） | $0.24 | $0.55 |
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CSGSFBP
| Q4 25 | $323.1M | $257.2M | ||
| Q3 25 | $303.6M | $248.7M | ||
| Q2 25 | $297.1M | $246.8M | ||
| Q1 25 | $299.5M | $248.1M | ||
| Q4 24 | $316.7M | $241.5M | ||
| Q3 24 | $295.1M | $234.6M | ||
| Q2 24 | $290.3M | $231.7M | ||
| Q1 24 | $295.1M | $230.5M |
净利润CSGSFBP
| Q4 25 | $7.0M | $87.1M | ||
| Q3 25 | $20.5M | $100.5M | ||
| Q2 25 | $12.3M | $80.2M | ||
| Q1 25 | $16.1M | $77.1M | ||
| Q4 24 | $34.5M | $75.7M | ||
| Q3 24 | $19.1M | $73.7M | ||
| Q2 24 | $13.8M | $75.8M | ||
| Q1 24 | $19.5M | $73.5M |
毛利率CSGSFBP
| 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CSGSFBP
| Q4 25 | 9.0% | 41.7% | ||
| Q3 25 | 10.0% | 42.7% | ||
| Q2 25 | 10.0% | 41.7% | ||
| Q1 25 | 9.8% | 40.4% | ||
| Q4 24 | 13.4% | 39.8% | ||
| Q3 24 | 10.8% | 41.1% | ||
| Q2 24 | 8.8% | 43.8% | ||
| Q1 24 | 10.8% | 42.3% |
净利率CSGSFBP
| Q4 25 | 2.2% | 33.9% | ||
| Q3 25 | 6.7% | 40.4% | ||
| Q2 25 | 4.1% | 32.5% | ||
| Q1 25 | 5.4% | 31.1% | ||
| Q4 24 | 10.9% | 31.4% | ||
| Q3 24 | 6.5% | 31.4% | ||
| Q2 24 | 4.8% | 32.7% | ||
| Q1 24 | 6.6% | 31.9% |
每股收益（稀释后）CSGSFBP
| Q4 25 | $0.24 | $0.55 | ||
| Q3 25 | $0.73 | $0.63 | ||
| Q2 25 | $0.44 | $0.50 | ||
| Q1 25 | $0.57 | $0.47 | ||
| Q4 24 | $1.20 | $0.46 | ||
| Q3 24 | $0.67 | $0.45 | ||
| Q2 24 | $0.48 | $0.46 | ||
| Q1 24 | $0.68 | $0.44 |
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 | $290.0M |
| 股东权益账面价值 | $283.7M | $2.0B |
| 总资产 | $1.5B | $19.1B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFBP
| 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 | — | ||
| Q1 24 | $120.8M | — |
总债务CSGSFBP
| Q4 25 | $539.5M | $290.0M | ||
| Q3 25 | $538.6M | $290.0M | ||
| Q2 25 | $537.8M | $320.0M | ||
| Q1 25 | $537.6M | $331.1M | ||
| Q4 24 | $538.5M | $561.7M | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSFBP
| Q4 25 | $283.7M | $2.0B | ||
| Q3 25 | $289.5M | $1.9B | ||
| Q2 25 | $290.7M | $1.8B | ||
| Q1 25 | $283.1M | $1.8B | ||
| Q4 24 | $282.6M | $1.7B | ||
| Q3 24 | $288.4M | $1.7B | ||
| Q2 24 | $273.3M | $1.5B | ||
| Q1 24 | $269.3M | $1.5B |
总资产CSGSFBP
| Q4 25 | $1.5B | $19.1B | ||
| Q3 25 | $1.5B | $19.3B | ||
| Q2 25 | $1.4B | $18.9B | ||
| Q1 25 | $1.4B | $19.1B | ||
| Q4 24 | $1.5B | $19.3B | ||
| Q3 24 | $1.4B | $18.9B | ||
| Q2 24 | $1.4B | $18.9B | ||
| Q1 24 | $1.3B | $18.9B |
负债/权益比CSGSFBP
| Q4 25 | 1.90× | 0.15× | ||
| Q3 25 | 1.86× | 0.15× | ||
| Q2 25 | 1.85× | 0.17× | ||
| Q1 25 | 1.90× | 0.19× | ||
| Q4 24 | 1.91× | 0.34× | ||
| 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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $103.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 40.1% |
| 资本支出强度资本支出/营收 | 1.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $437.5M |
8季度趋势，按日历期对齐
经营现金流CSGSFBP
| Q4 25 | $59.2M | $107.3M | ||
| Q3 25 | $47.9M | $137.6M | ||
| Q2 25 | $37.3M | $95.4M | ||
| Q1 25 | $11.5M | $108.2M | ||
| Q4 24 | $82.5M | $96.8M | ||
| Q3 24 | $39.5M | $118.0M | ||
| Q2 24 | $43.1M | $71.1M | ||
| Q1 24 | $-29.4M | $118.2M |
自由现金流CSGSFBP
| Q4 25 | $55.8M | $103.2M | ||
| Q3 25 | $43.9M | $134.8M | ||
| Q2 25 | $34.6M | $92.8M | ||
| Q1 25 | $7.1M | $106.7M | ||
| Q4 24 | $76.6M | $95.2M | ||
| Q3 24 | $32.0M | $115.4M | ||
| Q2 24 | $38.8M | $69.4M | ||
| Q1 24 | $-34.1M | $114.1M |
自由现金流率CSGSFBP
| Q4 25 | 17.3% | 40.1% | ||
| Q3 25 | 14.5% | 54.2% | ||
| Q2 25 | 11.6% | 37.6% | ||
| Q1 25 | 2.4% | 43.0% | ||
| Q4 24 | 24.2% | 39.4% | ||
| Q3 24 | 10.8% | 49.2% | ||
| Q2 24 | 13.4% | 30.0% | ||
| Q1 24 | -11.6% | 49.5% |
资本支出强度CSGSFBP
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.5% | 0.6% | ||
| Q4 24 | 1.9% | 0.7% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 1.6% | 1.8% |
现金转化率CSGSFBP
| Q4 25 | 8.46× | 1.23× | ||
| Q3 25 | 2.34× | 1.37× | ||
| Q2 25 | 3.04× | 1.19× | ||
| Q1 25 | 0.71× | 1.40× | ||
| Q4 24 | 2.39× | 1.28× | ||
| Q3 24 | 2.07× | 1.60× | ||
| Q2 24 | 3.12× | 0.94× | ||
| Q1 24 | -1.51× | 1.61× |
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% |
FBP
| Consumer Retail Banking Segment | $171.5M | 67% |
| Commercial And Corporate Segment | $46.9M | 18% |
| Mortgage Banking Segment | $22.4M | 9% |
| Virgin Islands Operations Segment | $18.6M | 7% |
