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南玻集团（CSGS）与Frontdoor, Inc.（FTDR）财务数据对比。点击上方公司名可切换其他公司
Frontdoor, Inc.的季度营收约是南玻集团的1.4倍（$451.0M vs $323.1M），Frontdoor, Inc.净利率更高（9.1% vs 2.2%，领先6.9%），Frontdoor, Inc.同比增速更快（5.9% vs 2.0%），Frontdoor, Inc.自由现金流更多（$114.0M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% vs -8.8%）
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。
Frontdoor, Inc.是领先的家庭服务与保障平台，主要面向美国市场运营。其提供可定制的家庭保修计划，覆盖家电、暖通空调、管道、电气系统的维修更换，同时支持用户按需对接经预先审核的本地服务商，满足住宅维护及维修需求。
CSGS vs FTDR — 直观对比
营收规模更大
FTDR
是对方的1.4倍
$323.1M
营收增速更快
FTDR
高出3.8%
2.0%
净利率更高
FTDR
高出6.9%
2.2%
自由现金流更多
FTDR
多$58.2M
$55.8M
两年增速更快
CSGS
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $451.0M |
| 净利润 | $7.0M | $41.0M |
| 毛利率 | 50.0% | 55.0% |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | 9.1% |
| 营收同比 | 2.0% | 5.9% |
| 净利润同比 | -79.7% | 10.8% |
| 每股收益（稀释后） | $0.24 | $0.57 |
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CSGSFTDR
| Q1 26 | — | $451.0M | ||
| Q4 25 | $323.1M | $432.0M | ||
| Q3 25 | $303.6M | $618.0M | ||
| Q2 25 | $297.1M | $617.0M | ||
| Q1 25 | $299.5M | $426.0M | ||
| Q4 24 | $316.7M | $383.0M | ||
| Q3 24 | $295.1M | $540.0M | ||
| Q2 24 | $290.3M | $542.0M |
净利润CSGSFTDR
| Q1 26 | — | $41.0M | ||
| Q4 25 | $7.0M | $1.0M | ||
| Q3 25 | $20.5M | $106.0M | ||
| Q2 25 | $12.3M | $111.0M | ||
| Q1 25 | $16.1M | $37.0M | ||
| Q4 24 | $34.5M | $9.0M | ||
| Q3 24 | $19.1M | $100.0M | ||
| Q2 24 | $13.8M | $92.0M |
毛利率CSGSFTDR
| Q1 26 | — | 55.0% | ||
| Q4 25 | 50.0% | 49.3% | ||
| Q3 25 | 48.1% | 57.1% | ||
| Q2 25 | 49.5% | 57.7% | ||
| Q1 25 | 48.4% | 55.2% | ||
| Q4 24 | 51.3% | 48.0% | ||
| Q3 24 | 49.4% | 56.7% | ||
| Q2 24 | 47.3% | 56.5% |
营业利润率CSGSFTDR
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 0.5% | ||
| Q3 25 | 10.0% | 23.0% | ||
| Q2 25 | 10.0% | 23.7% | ||
| Q1 25 | 9.8% | 11.3% | ||
| Q4 24 | 13.4% | 1.6% | ||
| Q3 24 | 10.8% | 24.8% | ||
| Q2 24 | 8.8% | 22.9% |
净利率CSGSFTDR
| Q1 26 | — | 9.1% | ||
| Q4 25 | 2.2% | 0.2% | ||
| Q3 25 | 6.7% | 17.2% | ||
| Q2 25 | 4.1% | 18.0% | ||
| Q1 25 | 5.4% | 8.7% | ||
| Q4 24 | 10.9% | 2.3% | ||
| Q3 24 | 6.5% | 18.5% | ||
| Q2 24 | 4.8% | 17.0% |
每股收益（稀释后）CSGSFTDR
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.24 | $0.03 | ||
| Q3 25 | $0.73 | $1.42 | ||
| Q2 25 | $0.44 | $1.48 | ||
| Q1 25 | $0.57 | $0.49 | ||
| Q4 24 | $1.20 | $0.10 | ||
| Q3 24 | $0.67 | $1.30 | ||
| Q2 24 | $0.48 | $1.18 |
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 | $603.0M |
| 总债务越低越好 | $539.5M | $1.2B |
| 股东权益账面价值 | $283.7M | $230.0M |
| 总资产 | $1.5B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.90× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFTDR
| Q1 26 | — | $603.0M | ||
| Q4 25 | $180.0M | $566.0M | ||
| Q3 25 | $158.4M | $563.0M | ||
| Q2 25 | $145.9M | $562.0M | ||
| Q1 25 | $136.0M | $506.0M | ||
| Q4 24 | $161.8M | $436.0M | ||
| Q3 24 | $118.4M | $375.0M | ||
| Q2 24 | $110.4M | $419.0M |
总债务CSGSFTDR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $539.5M | $1.1B | ||
| Q3 25 | $538.6M | $1.2B | ||
| Q2 25 | $537.8M | $1.2B | ||
| Q1 25 | $537.6M | $1.2B | ||
| Q4 24 | $538.5M | $1.2B | ||
| Q3 24 | $539.5M | $565.0M | ||
| Q2 24 | $540.5M | $569.0M |
股东权益CSGSFTDR
| Q1 26 | — | $230.0M | ||
| Q4 25 | $283.7M | $242.0M | ||
| Q3 25 | $289.5M | $316.0M | ||
| Q2 25 | $290.7M | $254.0M | ||
| Q1 25 | $283.1M | $198.0M | ||
| Q4 24 | $282.6M | $239.0M | ||
| Q3 24 | $288.4M | $261.0M | ||
| Q2 24 | $273.3M | $214.0M |
总资产CSGSFTDR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
负债/权益比CSGSFTDR
| Q1 26 | — | 5.07× | ||
| Q4 25 | 1.90× | 4.73× | ||
| Q3 25 | 1.86× | 3.64× | ||
| Q2 25 | 1.85× | 4.56× | ||
| Q1 25 | 1.90× | 5.88× | ||
| Q4 24 | 1.91× | 4.90× | ||
| Q3 24 | 1.87× | 2.16× | ||
| Q2 24 | 1.98× | 2.66× |
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 | $114.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 25.3% |
| 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 | $387.0M |
8季度趋势，按日历期对齐
经营现金流CSGSFTDR
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $101.0M | ||
| Q3 25 | $47.9M | $64.0M | ||
| Q2 25 | $37.3M | $127.0M | ||
| Q1 25 | $11.5M | $124.0M | ||
| Q4 24 | $82.5M | $58.0M | ||
| Q3 24 | $39.5M | $25.0M | ||
| Q2 24 | $43.1M | $103.0M |
自由现金流CSGSFTDR
| Q1 26 | — | $114.0M | ||
| Q4 25 | $55.8M | $95.0M | ||
| Q3 25 | $43.9M | $58.0M | ||
| Q2 25 | $34.6M | $120.0M | ||
| Q1 25 | $7.1M | $117.0M | ||
| Q4 24 | $76.6M | $50.0M | ||
| Q3 24 | $32.0M | $16.0M | ||
| Q2 24 | $38.8M | $91.0M |
自由现金流率CSGSFTDR
| Q1 26 | — | 25.3% | ||
| Q4 25 | 17.3% | 22.0% | ||
| Q3 25 | 14.5% | 9.4% | ||
| Q2 25 | 11.6% | 19.4% | ||
| Q1 25 | 2.4% | 27.5% | ||
| Q4 24 | 24.2% | 13.1% | ||
| Q3 24 | 10.8% | 3.0% | ||
| Q2 24 | 13.4% | 16.8% |
资本支出强度CSGSFTDR
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.5% | 1.6% | ||
| Q4 24 | 1.9% | 2.1% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 1.5% | 2.2% |
现金转化率CSGSFTDR
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 101.00× | ||
| Q3 25 | 2.34× | 0.60× | ||
| Q2 25 | 3.04× | 1.14× | ||
| Q1 25 | 0.71× | 3.35× | ||
| Q4 24 | 2.39× | 6.44× | ||
| Q3 24 | 2.07× | 0.25× | ||
| Q2 24 | 3.12× | 1.12× |
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% |
FTDR
暂无分部数据
