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南玻集团（CSGS）与GORMAN RUPP CO（GRC）财务数据对比。点击上方公司名可切换其他公司
南玻集团的季度营收约是GORMAN RUPP CO的1.9倍（$323.1M vs $166.6M），GORMAN RUPP CO净利率更高（8.3% vs 2.2%，领先6.1%），GORMAN RUPP CO同比增速更快（2.4% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $10.2M），过去两年南玻集团的营收复合增速更高（4.6% vs 2.3%）
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。
戈尔曼-拉普是一家总部位于俄亥俄州曼斯菲尔德的泵类制造商，产品面向市政供水、污水处理、工业、建筑、石油、消防及原始设备制造等多个领域提供配套水泵，公司在纽约证券交易所上市，现任首席执行官为斯科特·金。
CSGS vs GRC — 直观对比
营收规模更大
CSGS
是对方的1.9倍
$166.6M
营收增速更快
GRC
高出0.3%
2.0%
净利率更高
GRC
高出6.1%
2.2%
自由现金流更多
CSGS
多$45.7M
$10.2M
两年增速更快
CSGS
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $166.6M |
| 净利润 | $7.0M | $13.7M |
| 毛利率 | 50.0% | 31.4% |
| 营业利润率 | 9.0% | 14.9% |
| 净利率 | 2.2% | 8.3% |
| 营收同比 | 2.0% | 2.4% |
| 净利润同比 | -79.7% | 25.2% |
| 每股收益（稀释后） | $0.24 | $0.53 |
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CSGSGRC
| Q4 25 | $323.1M | $166.6M | ||
| Q3 25 | $303.6M | $172.8M | ||
| Q2 25 | $297.1M | $179.0M | ||
| Q1 25 | $299.5M | $163.9M | ||
| Q4 24 | $316.7M | $162.7M | ||
| Q3 24 | $295.1M | $168.2M | ||
| Q2 24 | $290.3M | $169.5M | ||
| Q1 24 | $295.1M | $159.3M |
净利润CSGSGRC
| Q4 25 | $7.0M | $13.7M | ||
| Q3 25 | $20.5M | $11.3M | ||
| Q2 25 | $12.3M | $15.8M | ||
| Q1 25 | $16.1M | $12.1M | ||
| Q4 24 | $34.5M | $11.0M | ||
| Q3 24 | $19.1M | $12.9M | ||
| Q2 24 | $13.8M | $8.3M | ||
| Q1 24 | $19.5M | $7.9M |
毛利率CSGSGRC
| Q4 25 | 50.0% | 31.4% | ||
| Q3 25 | 48.1% | 29.2% | ||
| Q2 25 | 49.5% | 31.3% | ||
| Q1 25 | 48.4% | 30.7% | ||
| Q4 24 | 51.3% | 30.2% | ||
| Q3 24 | 49.4% | 31.3% | ||
| Q2 24 | 47.3% | 31.9% | ||
| Q1 24 | 46.5% | 30.4% |
营业利润率CSGSGRC
| Q4 25 | 9.0% | 14.9% | ||
| Q3 25 | 10.0% | 12.4% | ||
| Q2 25 | 10.0% | 15.0% | ||
| Q1 25 | 9.8% | 13.5% | ||
| Q4 24 | 13.4% | 13.0% | ||
| Q3 24 | 10.8% | 14.2% | ||
| Q2 24 | 8.8% | 15.4% | ||
| Q1 24 | 10.8% | 12.8% |
净利率CSGSGRC
| Q4 25 | 2.2% | 8.3% | ||
| Q3 25 | 6.7% | 6.6% | ||
| Q2 25 | 4.1% | 8.8% | ||
| Q1 25 | 5.4% | 7.4% | ||
| Q4 24 | 10.9% | 6.7% | ||
| Q3 24 | 6.5% | 7.7% | ||
| Q2 24 | 4.8% | 4.9% | ||
| Q1 24 | 6.6% | 5.0% |
每股收益（稀释后）CSGSGRC
| Q4 25 | $0.24 | $0.53 | ||
| Q3 25 | $0.73 | $0.43 | ||
| Q2 25 | $0.44 | $0.60 | ||
| Q1 25 | $0.57 | $0.46 | ||
| Q4 24 | $1.20 | $0.42 | ||
| Q3 24 | $0.67 | $0.49 | ||
| Q2 24 | $0.48 | $0.32 | ||
| Q1 24 | $0.68 | $0.30 |
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 | $35.1M |
| 总债务越低越好 | $539.5M | $307.5M |
| 股东权益账面价值 | $283.7M | $414.7M |
| 总资产 | $1.5B | $860.1M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资CSGSGRC
| Q4 25 | $180.0M | $35.1M | ||
| Q3 25 | $158.4M | $42.9M | ||
| Q2 25 | $145.9M | $27.0M | ||
| Q1 25 | $136.0M | $21.8M | ||
| Q4 24 | $161.8M | $24.2M | ||
| Q3 24 | $118.4M | $39.7M | ||
| Q2 24 | $110.4M | $34.2M | ||
| Q1 24 | $120.8M | $27.8M |
总债务CSGSGRC
| Q4 25 | $539.5M | $307.5M | ||
| Q3 25 | $538.6M | $322.3M | ||
| Q2 25 | $537.8M | $337.1M | ||
| Q1 25 | $537.6M | $352.2M | ||
| Q4 24 | $538.5M | $366.6M | ||
| Q3 24 | $539.5M | $381.0M | ||
| Q2 24 | $540.5M | $395.4M | ||
| Q1 24 | $541.5M | $400.7M |
股东权益CSGSGRC
| Q4 25 | $283.7M | $414.7M | ||
| Q3 25 | $289.5M | $405.2M | ||
| Q2 25 | $290.7M | $397.8M | ||
| Q1 25 | $283.1M | $382.1M | ||
| Q4 24 | $282.6M | $373.8M | ||
| Q3 24 | $288.4M | $367.3M | ||
| Q2 24 | $273.3M | $358.6M | ||
| Q1 24 | $269.3M | $353.7M |
总资产CSGSGRC
| Q4 25 | $1.5B | $860.1M | ||
| Q3 25 | $1.5B | $869.9M | ||
| Q2 25 | $1.4B | $861.8M | ||
| Q1 25 | $1.4B | $857.8M | ||
| Q4 24 | $1.5B | $858.5M | ||
| Q3 24 | $1.4B | $883.5M | ||
| Q2 24 | $1.4B | $891.1M | ||
| Q1 24 | $1.3B | $887.4M |
负债/权益比CSGSGRC
| Q4 25 | 1.90× | 0.74× | ||
| Q3 25 | 1.86× | 0.80× | ||
| Q2 25 | 1.85× | 0.85× | ||
| Q1 25 | 1.90× | 0.92× | ||
| Q4 24 | 1.91× | 0.98× | ||
| Q3 24 | 1.87× | 1.04× | ||
| Q2 24 | 1.98× | 1.10× | ||
| Q1 24 | 2.01× | 1.13× |
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 | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $10.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 6.1% |
| 资本支出强度资本支出/营收 | 1.1% | 2.9% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $88.9M |
8季度趋势，按日历期对齐
经营现金流CSGSGRC
| Q4 25 | $59.2M | $15.0M | ||
| Q3 25 | $47.9M | $42.3M | ||
| Q2 25 | $37.3M | $27.8M | ||
| Q1 25 | $11.5M | $21.1M | ||
| Q4 24 | $82.5M | $9.3M | ||
| Q3 24 | $39.5M | $27.2M | ||
| Q2 24 | $43.1M | $22.7M | ||
| Q1 24 | $-29.4M | $10.7M |
自由现金流CSGSGRC
| Q4 25 | $55.8M | $10.2M | ||
| Q3 25 | $43.9M | $35.8M | ||
| Q2 25 | $34.6M | $24.8M | ||
| Q1 25 | $7.1M | $18.1M | ||
| Q4 24 | $76.6M | $5.2M | ||
| Q3 24 | $32.0M | $24.0M | ||
| Q2 24 | $38.8M | $19.4M | ||
| Q1 24 | $-34.1M | $6.8M |
自由现金流率CSGSGRC
| Q4 25 | 17.3% | 6.1% | ||
| Q3 25 | 14.5% | 20.7% | ||
| Q2 25 | 11.6% | 13.9% | ||
| Q1 25 | 2.4% | 11.0% | ||
| Q4 24 | 24.2% | 3.2% | ||
| Q3 24 | 10.8% | 14.3% | ||
| Q2 24 | 13.4% | 11.5% | ||
| Q1 24 | -11.6% | 4.3% |
资本支出强度CSGSGRC
| Q4 25 | 1.1% | 2.9% | ||
| Q3 25 | 1.3% | 3.8% | ||
| Q2 25 | 0.9% | 1.7% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | 1.9% | 2.5% | ||
| Q3 24 | 2.5% | 1.9% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 1.6% | 2.5% |
现金转化率CSGSGRC
| Q4 25 | 8.46× | 1.09× | ||
| Q3 25 | 2.34× | 3.73× | ||
| Q2 25 | 3.04× | 1.76× | ||
| Q1 25 | 0.71× | 1.74× | ||
| Q4 24 | 2.39× | 0.84× | ||
| Q3 24 | 2.07× | 2.10× | ||
| Q2 24 | 3.12× | 2.72× | ||
| Q1 24 | -1.51× | 1.36× |
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% |
GRC
| Industrial | $34.7M | 21% |
| Fire Market | $31.4M | 19% |
| Municipal | $25.3M | 15% |
| Agriculture | $22.5M | 14% |
| Repair Parts | $18.9M | 11% |
| Construction | $17.3M | 10% |
| Original Equipment Manufacturer | $10.8M | 7% |
| Petroleum | $5.6M | 3% |
