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南玻集团（CSGS）与Federal Realty Investment Trust（FRT）财务数据对比。点击上方公司名可切换其他公司
Federal Realty Investment Trust的季度营收约是南玻集团的1.0倍（$336.0M vs $323.1M），Federal Realty Investment Trust净利率更高（38.6% vs 2.2%，领先36.4%），Federal Realty Investment Trust同比增速更快（8.7% vs 2.0%），过去两年Federal Realty Investment Trust的营收复合增速更高（6.5% 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。
Federal Realty Investment Trust是一家专业房地产投资信托基金，核心投资标的为购物中心类商业物业，资产布局覆盖美国东北部、大西洋中部地区、加利福尼亚州及南佛罗里达区域，在当地商业不动产投资领域拥有丰富的运营经验。
CSGS vs FRT — 直观对比
营收规模更大
FRT
是对方的1.0倍
$323.1M
营收增速更快
FRT
高出6.7%
2.0%
净利率更高
FRT
高出36.4%
2.2%
两年增速更快
FRT
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $336.0M |
| 净利润 | $7.0M | $129.7M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 53.8% |
| 净利率 | 2.2% | 38.6% |
| 营收同比 | 2.0% | 8.7% |
| 净利润同比 | -79.7% | 103.5% |
| 每股收益（稀释后） | $0.24 | $1.49 |
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CSGSFRT
| Q1 26 | — | $336.0M | ||
| Q4 25 | $323.1M | $336.0M | ||
| Q3 25 | $303.6M | $322.3M | ||
| Q2 25 | $297.1M | $311.5M | ||
| Q1 25 | $299.5M | $309.2M | ||
| Q4 24 | $316.7M | $311.4M | ||
| Q3 24 | $295.1M | $303.6M | ||
| Q2 24 | $290.3M | $296.1M |
净利润CSGSFRT
| Q1 26 | — | $129.7M | ||
| Q4 25 | $7.0M | $129.7M | ||
| Q3 25 | $20.5M | $61.6M | ||
| Q2 25 | $12.3M | $155.9M | ||
| Q1 25 | $16.1M | $63.8M | ||
| Q4 24 | $34.5M | $65.5M | ||
| Q3 24 | $19.1M | $61.0M | ||
| Q2 24 | $13.8M | $112.0M |
毛利率CSGSFRT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGSFRT
| Q1 26 | — | 53.8% | ||
| Q4 25 | 9.0% | 53.8% | ||
| Q3 25 | 10.0% | 34.3% | ||
| Q2 25 | 10.0% | 65.1% | ||
| Q1 25 | 9.8% | 35.0% | ||
| Q4 24 | 13.4% | 35.1% | ||
| Q3 24 | 10.8% | 34.9% | ||
| Q2 24 | 8.8% | 53.0% |
净利率CSGSFRT
| Q1 26 | — | 38.6% | ||
| Q4 25 | 2.2% | 38.6% | ||
| Q3 25 | 6.7% | 19.1% | ||
| Q2 25 | 4.1% | 50.0% | ||
| Q1 25 | 5.4% | 20.6% | ||
| Q4 24 | 10.9% | 21.0% | ||
| Q3 24 | 6.5% | 20.1% | ||
| Q2 24 | 4.8% | 37.8% |
每股收益（稀释后）CSGSFRT
| Q1 26 | — | $1.49 | ||
| Q4 25 | $0.24 | $1.49 | ||
| Q3 25 | $0.73 | $0.69 | ||
| Q2 25 | $0.44 | $1.78 | ||
| Q1 25 | $0.57 | $0.72 | ||
| Q4 24 | $1.20 | $0.74 | ||
| Q3 24 | $0.67 | $0.70 | ||
| Q2 24 | $0.48 | $1.32 |
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 | $107.4M |
| 总债务越低越好 | $539.5M | $5.0B |
| 股东权益账面价值 | $283.7M | $3.2B |
| 总资产 | $1.5B | $9.1B |
| 负债/权益比越低杠杆越低 | 1.90× | 1.53× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFRT
| Q1 26 | — | $107.4M | ||
| Q4 25 | $180.0M | $107.4M | ||
| Q3 25 | $158.4M | $111.3M | ||
| Q2 25 | $145.9M | $177.0M | ||
| Q1 25 | $136.0M | $109.2M | ||
| Q4 24 | $161.8M | $123.4M | ||
| Q3 24 | $118.4M | $97.0M | ||
| Q2 24 | $110.4M | $103.2M |
总债务CSGSFRT
| Q1 26 | — | $5.0B | ||
| Q4 25 | $539.5M | $5.0B | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $4.5B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — |
股东权益CSGSFRT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $283.7M | $3.2B | ||
| Q3 25 | $289.5M | $3.2B | ||
| Q2 25 | $290.7M | $3.2B | ||
| Q1 25 | $283.1M | $3.2B | ||
| Q4 24 | $282.6M | $3.2B | ||
| Q3 24 | $288.4M | $3.1B | ||
| Q2 24 | $273.3M | $3.0B |
总资产CSGSFRT
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.5B | $9.1B | ||
| Q3 25 | $1.5B | $8.9B | ||
| Q2 25 | $1.4B | $8.6B | ||
| Q1 25 | $1.4B | $8.6B | ||
| Q4 24 | $1.5B | $8.5B | ||
| Q3 24 | $1.4B | $8.5B | ||
| Q2 24 | $1.4B | $8.4B |
负债/权益比CSGSFRT
| Q1 26 | — | 1.53× | ||
| Q4 25 | 1.90× | 1.53× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 1.42× | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGSFRT
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $622.4M | ||
| Q3 25 | $47.9M | $147.8M | ||
| Q2 25 | $37.3M | $150.7M | ||
| Q1 25 | $11.5M | $179.0M | ||
| Q4 24 | $82.5M | $574.6M | ||
| Q3 24 | $39.5M | $144.1M | ||
| Q2 24 | $43.1M | $169.7M |
自由现金流CSGSFRT
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — |
自由现金流率CSGSFRT
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度CSGSFRT
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率CSGSFRT
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 4.80× | ||
| Q3 25 | 2.34× | 2.40× | ||
| Q2 25 | 3.04× | 0.97× | ||
| Q1 25 | 0.71× | 2.81× | ||
| Q4 24 | 2.39× | 8.77× | ||
| Q3 24 | 2.07× | 2.36× | ||
| Q2 24 | 3.12× | 1.52× |
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% |
FRT
暂无分部数据
