vs
南玻集团（CSGS）与FOX FACTORY HOLDING CORP（FOXF）财务数据对比。点击上方公司名可切换其他公司
FOX FACTORY HOLDING CORP的季度营收约是南玻集团的1.2倍（$376.4M vs $323.1M），南玻集团净利率更高（2.2% vs -0.2%，领先2.3%），FOX FACTORY HOLDING CORP同比增速更快（4.8% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-2.5M），过去两年FOX FACTORY HOLDING CORP的营收复合增速更高（6.4% 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。
福克斯工厂控股公司是一家美国企业，旗下最知名的产品为Fox Racing Shox品牌的越野赛车减震悬挂部件，该品牌在越野改装和赛车领域拥有较高知名度，深受越野运动爱好者与专业赛车队伍的认可。
CSGS vs FOXF — 直观对比
营收规模更大
FOXF
是对方的1.2倍
$323.1M
营收增速更快
FOXF
高出2.8%
2.0%
净利率更高
CSGS
高出2.3%
-0.2%
自由现金流更多
CSGS
多$58.3M
$-2.5M
两年增速更快
FOXF
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $376.4M |
| 净利润 | $7.0M | $-634.0K |
| 毛利率 | 50.0% | 30.4% |
| 营业利润率 | 9.0% | 4.0% |
| 净利率 | 2.2% | -0.2% |
| 营收同比 | 2.0% | 4.8% |
| 净利润同比 | -79.7% | -113.3% |
| 每股收益（稀释后） | $0.24 | $-0.02 |
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CSGSFOXF
| Q4 25 | $323.1M | $376.4M | ||
| Q3 25 | $303.6M | $374.9M | ||
| Q2 25 | $297.1M | $355.0M | ||
| Q1 25 | $299.5M | $352.8M | ||
| Q4 24 | $316.7M | — | ||
| Q3 24 | $295.1M | $359.1M | ||
| Q2 24 | $290.3M | $348.5M | ||
| Q1 24 | $295.1M | $333.5M |
净利润CSGSFOXF
| Q4 25 | $7.0M | $-634.0K | ||
| Q3 25 | $20.5M | $2.7M | ||
| Q2 25 | $12.3M | $-259.7M | ||
| Q1 25 | $16.1M | $-141.0K | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $4.8M | ||
| Q2 24 | $13.8M | $5.4M | ||
| Q1 24 | $19.5M | $-3.5M |
毛利率CSGSFOXF
| Q4 25 | 50.0% | 30.4% | ||
| Q3 25 | 48.1% | 31.2% | ||
| Q2 25 | 49.5% | 30.9% | ||
| Q1 25 | 48.4% | 28.9% | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.4% | 29.9% | ||
| Q2 24 | 47.3% | 31.8% | ||
| Q1 24 | 46.5% | 30.9% |
营业利润率CSGSFOXF
| Q4 25 | 9.0% | 4.0% | ||
| Q3 25 | 10.0% | 4.9% | ||
| Q2 25 | 10.0% | -70.6% | ||
| Q1 25 | 9.8% | 3.2% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | 5.2% | ||
| Q2 24 | 8.8% | 5.3% | ||
| Q1 24 | 10.8% | 2.7% |
净利率CSGSFOXF
| Q4 25 | 2.2% | -0.2% | ||
| Q3 25 | 6.7% | 0.7% | ||
| Q2 25 | 4.1% | -73.1% | ||
| Q1 25 | 5.4% | -0.0% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | 1.3% | ||
| Q2 24 | 4.8% | 1.6% | ||
| Q1 24 | 6.6% | -1.0% |
每股收益（稀释后）CSGSFOXF
| Q4 25 | $0.24 | $-0.02 | ||
| Q3 25 | $0.73 | $0.07 | ||
| Q2 25 | $0.44 | $-6.23 | ||
| Q1 25 | $0.57 | $0.00 | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | $0.11 | ||
| Q2 24 | $0.48 | $0.13 | ||
| Q1 24 | $0.68 | $-0.08 |
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 | $536.7M |
| 股东权益账面价值 | $283.7M | $956.0M |
| 总资产 | $1.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFOXF
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | $71.7M | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — | ||
| Q1 24 | $120.8M | — |
总债务CSGSFOXF
| Q4 25 | $539.5M | $536.7M | ||
| Q3 25 | $538.6M | $541.8M | ||
| Q2 25 | $537.8M | $546.9M | ||
| Q1 25 | $537.6M | $552.1M | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | $558.4M | ||
| Q2 24 | $540.5M | $564.1M | ||
| Q1 24 | $541.5M | $370.4M |
股东权益CSGSFOXF
| Q4 25 | $283.7M | $956.0M | ||
| Q3 25 | $289.5M | $958.7M | ||
| Q2 25 | $290.7M | $939.9M | ||
| Q1 25 | $283.1M | $1.2B | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $288.4M | $1.2B | ||
| Q2 24 | $273.3M | $1.2B | ||
| Q1 24 | $269.3M | $1.2B |
总资产CSGSFOXF
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B | ||
| Q1 24 | $1.3B | $2.2B |
负债/权益比CSGSFOXF
| Q4 25 | 1.90× | 0.56× | ||
| Q3 25 | 1.86× | 0.57× | ||
| Q2 25 | 1.85× | 0.58× | ||
| Q1 25 | 1.90× | 0.46× | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | 0.47× | ||
| Q2 24 | 1.98× | 0.47× | ||
| Q1 24 | 2.01× | 0.31× |
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 | $5.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-2.5M |
| 自由现金流率自由现金流/营收 | 17.3% | -0.7% |
| 资本支出强度资本支出/营收 | 1.1% | 2.1% |
| 现金转化率经营现金流/净利润 | 8.46× | — |
| 过去12个月自由现金流最近4个季度 | $141.4M | $85.4M |
8季度趋势，按日历期对齐
经营现金流CSGSFOXF
| Q4 25 | $59.2M | $5.3M | ||
| Q3 25 | $47.9M | $36.8M | ||
| Q2 25 | $37.3M | $680.0K | ||
| Q1 25 | $11.5M | $81.7M | ||
| Q4 24 | $82.5M | — | ||
| Q3 24 | $39.5M | $14.1M | ||
| Q2 24 | $43.1M | $26.7M | ||
| Q1 24 | $-29.4M | $9.4M |
自由现金流CSGSFOXF
| Q4 25 | $55.8M | $-2.5M | ||
| Q3 25 | $43.9M | $24.6M | ||
| Q2 25 | $34.6M | $-6.5M | ||
| Q1 25 | $7.1M | $69.8M | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | $3.2M | ||
| Q2 24 | $38.8M | $15.4M | ||
| Q1 24 | $-34.1M | $-555.0K |
自由现金流率CSGSFOXF
| Q4 25 | 17.3% | -0.7% | ||
| Q3 25 | 14.5% | 6.6% | ||
| Q2 25 | 11.6% | -1.8% | ||
| Q1 25 | 2.4% | 19.8% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | 0.9% | ||
| Q2 24 | 13.4% | 4.4% | ||
| Q1 24 | -11.6% | -0.2% |
资本支出强度CSGSFOXF
| Q4 25 | 1.1% | 2.1% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 1.5% | 3.4% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | 3.0% | ||
| Q2 24 | 1.5% | 3.2% | ||
| Q1 24 | 1.6% | 3.0% |
现金转化率CSGSFOXF
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 13.41× | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 2.94× | ||
| Q2 24 | 3.12× | 4.94× | ||
| 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% |
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
