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南玻集团（CSGS）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
Gaming & Leisure Properties, Inc.的季度营收约是南玻集团的1.3倍（$420.0M vs $323.1M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 2.2%，领先54.8%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs 2.0%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% 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。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
CSGS vs GLPI — 直观对比
营收规模更大
GLPI
是对方的1.3倍
$323.1M
营收增速更快
GLPI
高出4.2%
2.0%
净利率更高
GLPI
高出54.8%
2.2%
两年增速更快
GLPI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $420.0M |
| 净利润 | $7.0M | $239.4M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 79.4% |
| 净利率 | 2.2% | 57.0% |
| 营收同比 | 2.0% | 6.3% |
| 净利润同比 | -79.7% | 40.5% |
| 每股收益（稀释后） | $0.24 | — |
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CSGSGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $323.1M | $407.0M | ||
| Q3 25 | $303.6M | $397.6M | ||
| Q2 25 | $297.1M | $394.9M | ||
| Q1 25 | $299.5M | $395.2M | ||
| Q4 24 | $316.7M | $389.6M | ||
| Q3 24 | $295.1M | $385.3M | ||
| Q2 24 | $290.3M | $380.6M |
净利润CSGSGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $7.0M | $275.4M | ||
| Q3 25 | $20.5M | $241.2M | ||
| Q2 25 | $12.3M | $151.4M | ||
| Q1 25 | $16.1M | $165.2M | ||
| Q4 24 | $34.5M | $223.6M | ||
| Q3 24 | $19.1M | $184.7M | ||
| Q2 24 | $13.8M | $208.3M |
毛利率CSGSGLPI
| 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CSGSGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | 9.0% | 89.3% | ||
| Q3 25 | 10.0% | 84.8% | ||
| Q2 25 | 10.0% | 61.3% | ||
| Q1 25 | 9.8% | 65.5% | ||
| Q4 24 | 13.4% | 79.1% | ||
| Q3 24 | 10.8% | 70.4% | ||
| Q2 24 | 8.8% | 77.1% |
净利率CSGSGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 2.2% | 67.6% | ||
| Q3 25 | 6.7% | 60.7% | ||
| Q2 25 | 4.1% | 38.4% | ||
| Q1 25 | 5.4% | 41.8% | ||
| Q4 24 | 10.9% | 57.4% | ||
| Q3 24 | 6.5% | 47.9% | ||
| Q2 24 | 4.8% | 54.7% |
每股收益（稀释后）CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.96 | ||
| Q3 25 | $0.73 | $0.85 | ||
| Q2 25 | $0.44 | $0.54 | ||
| Q1 25 | $0.57 | $0.60 | ||
| Q4 24 | $1.20 | $0.79 | ||
| Q3 24 | $0.67 | $0.67 | ||
| Q2 24 | $0.48 | $0.77 |
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 | $274.5M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $5.0B |
| 总资产 | $1.5B | $13.8B |
| 负债/权益比越低杠杆越低 | 1.90× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGSGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | $560.8M | ||
| Q3 24 | $118.4M | $560.8M | ||
| Q2 24 | $110.4M | $560.8M |
总债务CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | $539.5M | $7.2B | ||
| Q3 25 | $538.6M | $7.2B | ||
| Q2 25 | $537.8M | $6.9B | ||
| Q1 25 | $537.6M | $6.9B | ||
| Q4 24 | $538.5M | $7.7B | ||
| Q3 24 | $539.5M | $7.4B | ||
| Q2 24 | $540.5M | $6.6B |
股东权益CSGSGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $283.7M | $4.6B | ||
| Q3 25 | $289.5M | $4.6B | ||
| Q2 25 | $290.7M | $4.6B | ||
| Q1 25 | $283.1M | $4.2B | ||
| Q4 24 | $282.6M | $4.3B | ||
| Q3 24 | $288.4M | $4.3B | ||
| Q2 24 | $273.3M | $4.1B |
总资产CSGSGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.5B | $12.9B | ||
| Q3 25 | $1.5B | $12.8B | ||
| Q2 25 | $1.4B | $12.5B | ||
| Q1 25 | $1.4B | $12.1B | ||
| Q4 24 | $1.5B | $13.1B | ||
| Q3 24 | $1.4B | $12.7B | ||
| Q2 24 | $1.4B | $11.8B |
负债/权益比CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 1.56× | ||
| Q3 25 | 1.86× | 1.57× | ||
| Q2 25 | 1.85× | 1.51× | ||
| Q1 25 | 1.90× | 1.63× | ||
| Q4 24 | 1.91× | 1.81× | ||
| Q3 24 | 1.87× | 1.74× | ||
| Q2 24 | 1.98× | 1.60× |
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CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $1.1B | ||
| Q3 25 | $47.9M | $240.3M | ||
| Q2 25 | $37.3M | $293.4M | ||
| Q1 25 | $11.5M | $252.5M | ||
| Q4 24 | $82.5M | $1.1B | ||
| Q3 24 | $39.5M | $270.4M | ||
| Q2 24 | $43.1M | $252.1M |
自由现金流CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | $183.0M | ||
| Q2 25 | $34.6M | $272.3M | ||
| Q1 25 | $7.1M | $239.6M | ||
| Q4 24 | $76.6M | $1.1B | ||
| Q3 24 | $32.0M | $261.5M | ||
| Q2 24 | $38.8M | $245.0M |
自由现金流率CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | 46.0% | ||
| Q2 25 | 11.6% | 69.0% | ||
| Q1 25 | 2.4% | 60.6% | ||
| Q4 24 | 24.2% | 275.3% | ||
| Q3 24 | 10.8% | 67.9% | ||
| Q2 24 | 13.4% | 64.4% |
资本支出强度CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 0.9% | 5.3% | ||
| Q1 25 | 1.5% | 3.3% | ||
| Q4 24 | 1.9% | 0.0% | ||
| Q3 24 | 2.5% | 2.3% | ||
| Q2 24 | 1.5% | 1.9% |
现金转化率CSGSGLPI
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 4.10× | ||
| Q3 25 | 2.34× | 1.00× | ||
| Q2 25 | 3.04× | 1.94× | ||
| Q1 25 | 0.71× | 1.53× | ||
| Q4 24 | 2.39× | 4.80× | ||
| Q3 24 | 2.07× | 1.46× | ||
| Q2 24 | 3.12× | 1.21× |
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% |
GLPI
暂无分部数据
