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南玻集团（CSGS）与FactSet（FDS）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是南玻集团的1.9倍（$607.6M vs $323.1M），FactSet净利率更高（25.1% vs 2.2%，领先22.9%），FactSet同比增速更快（6.9% vs 2.0%），FactSet自由现金流更多（$90.4M vs $55.8M），过去两年FactSet的营收复合增速更高（5.5% 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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
CSGS vs FDS — 直观对比
营收规模更大
FDS
是对方的1.9倍
$323.1M
营收增速更快
FDS
高出4.8%
2.0%
净利率更高
FDS
高出22.9%
2.2%
自由现金流更多
FDS
多$34.6M
$55.8M
两年增速更快
FDS
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $607.6M |
| 净利润 | $7.0M | $152.6M |
| 毛利率 | 50.0% | 52.6% |
| 营业利润率 | 9.0% | 31.6% |
| 净利率 | 2.2% | 25.1% |
| 营收同比 | 2.0% | 6.9% |
| 净利润同比 | -79.7% | 1.7% |
| 每股收益（稀释后） | $0.24 | $4.06 |
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CSGSFDS
| Q4 25 | $323.1M | $607.6M | ||
| Q3 25 | $303.6M | $596.9M | ||
| Q2 25 | $297.1M | $585.5M | ||
| Q1 25 | $299.5M | $570.7M | ||
| Q4 24 | $316.7M | $568.7M | ||
| Q3 24 | $295.1M | $562.2M | ||
| Q2 24 | $290.3M | $552.7M | ||
| Q1 24 | $295.1M | $545.9M |
净利润CSGSFDS
| Q4 25 | $7.0M | $152.6M | ||
| Q3 25 | $20.5M | $153.6M | ||
| Q2 25 | $12.3M | $148.5M | ||
| Q1 25 | $16.1M | $144.9M | ||
| Q4 24 | $34.5M | $150.0M | ||
| Q3 24 | $19.1M | $89.5M | ||
| Q2 24 | $13.8M | $158.1M | ||
| Q1 24 | $19.5M | $140.9M |
毛利率CSGSFDS
| Q4 25 | 50.0% | 52.6% | ||
| Q3 25 | 48.1% | 51.6% | ||
| Q2 25 | 49.5% | 52.1% | ||
| Q1 25 | 48.4% | 52.8% | ||
| Q4 24 | 51.3% | 54.5% | ||
| Q3 24 | 49.4% | 54.1% | ||
| Q2 24 | 47.3% | 55.3% | ||
| Q1 24 | 46.5% | 53.3% |
营业利润率CSGSFDS
| Q4 25 | 9.0% | 31.6% | ||
| Q3 25 | 10.0% | 29.7% | ||
| Q2 25 | 10.0% | 33.2% | ||
| Q1 25 | 9.8% | 32.5% | ||
| Q4 24 | 13.4% | 33.6% | ||
| Q3 24 | 10.8% | 22.7% | ||
| Q2 24 | 8.8% | 36.6% | ||
| Q1 24 | 10.8% | 33.3% |
净利率CSGSFDS
| Q4 25 | 2.2% | 25.1% | ||
| Q3 25 | 6.7% | 25.7% | ||
| Q2 25 | 4.1% | 25.4% | ||
| Q1 25 | 5.4% | 25.4% | ||
| Q4 24 | 10.9% | 26.4% | ||
| Q3 24 | 6.5% | 15.9% | ||
| Q2 24 | 4.8% | 28.6% | ||
| Q1 24 | 6.6% | 25.8% |
每股收益（稀释后）CSGSFDS
| Q4 25 | $0.24 | $4.06 | ||
| Q3 25 | $0.73 | $4.03 | ||
| Q2 25 | $0.44 | $3.87 | ||
| Q1 25 | $0.57 | $3.76 | ||
| Q4 24 | $1.20 | $3.89 | ||
| Q3 24 | $0.67 | $2.33 | ||
| Q2 24 | $0.48 | $4.09 | ||
| Q1 24 | $0.68 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | $539.5M | $1.4B |
| 股东权益账面价值 | $283.7M | $2.2B |
| 总资产 | $1.5B | $4.2B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFDS
| Q4 25 | $180.0M | $292.7M | ||
| Q3 25 | $158.4M | $355.1M | ||
| Q2 25 | $145.9M | $364.0M | ||
| Q1 25 | $136.0M | $287.0M | ||
| Q4 24 | $161.8M | $358.8M | ||
| Q3 24 | $118.4M | $492.6M | ||
| Q2 24 | $110.4M | $522.0M | ||
| Q1 24 | $120.8M | $450.2M |
总债务CSGSFDS
| Q4 25 | $539.5M | $1.4B | ||
| Q3 25 | $538.6M | $1.4B | ||
| Q2 25 | $537.8M | $1.4B | ||
| Q1 25 | $537.6M | $1.5B | ||
| Q4 24 | $538.5M | $1.4B | ||
| Q3 24 | $539.5M | $1.4B | ||
| Q2 24 | $540.5M | $1.4B | ||
| Q1 24 | $541.5M | $1.5B |
股东权益CSGSFDS
| Q4 25 | $283.7M | $2.2B | ||
| Q3 25 | $289.5M | $2.2B | ||
| Q2 25 | $290.7M | $2.2B | ||
| Q1 25 | $283.1M | $2.1B | ||
| Q4 24 | $282.6M | $2.0B | ||
| Q3 24 | $288.4M | $1.9B | ||
| Q2 24 | $273.3M | $1.9B | ||
| Q1 24 | $269.3M | $1.8B |
总资产CSGSFDS
| Q4 25 | $1.5B | $4.2B | ||
| Q3 25 | $1.5B | $4.3B | ||
| Q2 25 | $1.4B | $4.3B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.5B | $4.0B | ||
| Q3 24 | $1.4B | $4.1B | ||
| Q2 24 | $1.4B | $4.0B | ||
| Q1 24 | $1.3B | $4.0B |
负债/权益比CSGSFDS
| Q4 25 | 1.90× | 0.63× | ||
| Q3 25 | 1.86× | 0.63× | ||
| Q2 25 | 1.85× | 0.66× | ||
| Q1 25 | 1.90× | 0.72× | ||
| Q4 24 | 1.91× | 0.68× | ||
| Q3 24 | 1.87× | 0.71× | ||
| Q2 24 | 1.98× | 0.76× | ||
| Q1 24 | 2.01× | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $90.4M |
| 自由现金流率自由现金流/营收 | 17.3% | 14.9% |
| 资本支出强度资本支出/营收 | 1.1% | 5.1% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.79× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $647.4M |
8季度趋势，按日历期对齐
经营现金流CSGSFDS
| Q4 25 | $59.2M | $121.3M | ||
| Q3 25 | $47.9M | $212.1M | ||
| Q2 25 | $37.3M | $253.8M | ||
| Q1 25 | $11.5M | $174.0M | ||
| Q4 24 | $82.5M | $86.4M | ||
| Q3 24 | $39.5M | $163.2M | ||
| Q2 24 | $43.1M | $238.2M | ||
| Q1 24 | $-29.4M | $143.8M |
自由现金流CSGSFDS
| Q4 25 | $55.8M | $90.4M | ||
| Q3 25 | $43.9M | $178.1M | ||
| Q2 25 | $34.6M | $228.6M | ||
| Q1 25 | $7.1M | $150.2M | ||
| Q4 24 | $76.6M | $60.5M | ||
| Q3 24 | $32.0M | $137.2M | ||
| Q2 24 | $38.8M | $216.9M | ||
| Q1 24 | $-34.1M | $121.9M |
自由现金流率CSGSFDS
| Q4 25 | 17.3% | 14.9% | ||
| Q3 25 | 14.5% | 29.8% | ||
| Q2 25 | 11.6% | 39.0% | ||
| Q1 25 | 2.4% | 26.3% | ||
| Q4 24 | 24.2% | 10.6% | ||
| Q3 24 | 10.8% | 24.4% | ||
| Q2 24 | 13.4% | 39.2% | ||
| Q1 24 | -11.6% | 22.3% |
资本支出强度CSGSFDS
| Q4 25 | 1.1% | 5.1% | ||
| Q3 25 | 1.3% | 5.7% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 1.5% | 4.2% | ||
| Q4 24 | 1.9% | 4.5% | ||
| Q3 24 | 2.5% | 4.6% | ||
| Q2 24 | 1.5% | 3.9% | ||
| Q1 24 | 1.6% | 4.0% |
现金转化率CSGSFDS
| Q4 25 | 8.46× | 0.79× | ||
| Q3 25 | 2.34× | 1.38× | ||
| Q2 25 | 3.04× | 1.71× | ||
| Q1 25 | 0.71× | 1.20× | ||
| Q4 24 | 2.39× | 0.58× | ||
| Q3 24 | 2.07× | 1.82× | ||
| Q2 24 | 3.12× | 1.51× | ||
| Q1 24 | -1.51× | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
