vs
南玻集团（CSGS）与HELEN OF TROY LTD（HELE）财务数据对比。点击上方公司名可切换其他公司
HELEN OF TROY LTD的季度营收约是南玻集团的1.6倍（$512.8M vs $323.1M），南玻集团净利率更高（2.2% vs -16.4%，领先18.6%），南玻集团同比增速更快（2.0% vs -3.4%），南玻集团自由现金流更多（$55.8M vs $5.8M），过去两年南玻集团的营收复合增速更高（4.6% vs 2.4%）
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。
海伦特洛伊是美国上市企业，主营自有及授权品牌家居用品、健康家居用品与美容产品的设计研发和全球营销，旗下拥有OXO International、Kaz等多家子公司。公司注册总部设于百慕大汉密尔顿，美国运营总部位于得克萨斯州埃尔帕索，公司名称源自古希腊神话人物特洛伊海伦。
CSGS vs HELE — 直观对比
营收规模更大
HELE
是对方的1.6倍
$323.1M
营收增速更快
CSGS
高出5.4%
-3.4%
净利率更高
CSGS
高出18.6%
-16.4%
自由现金流更多
CSGS
多$50.0M
$5.8M
两年增速更快
CSGS
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $512.8M |
| 净利润 | $7.0M | $-84.1M |
| 毛利率 | 50.0% | 46.9% |
| 营业利润率 | 9.0% | -1.6% |
| 净利率 | 2.2% | -16.4% |
| 营收同比 | 2.0% | -3.4% |
| 净利润同比 | -79.7% | -269.4% |
| 每股收益（稀释后） | $0.24 | $-3.65 |
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CSGSHELE
| Q4 25 | $323.1M | $512.8M | ||
| Q3 25 | $303.6M | $431.8M | ||
| Q2 25 | $297.1M | $371.7M | ||
| Q1 25 | $299.5M | $485.9M | ||
| Q4 24 | $316.7M | $530.7M | ||
| Q3 24 | $295.1M | $474.2M | ||
| Q2 24 | $290.3M | $416.8M | ||
| Q1 24 | $295.1M | $489.2M |
净利润CSGSHELE
| Q4 25 | $7.0M | $-84.1M | ||
| Q3 25 | $20.5M | $-308.6M | ||
| Q2 25 | $12.3M | $-450.7M | ||
| Q1 25 | $16.1M | $50.9M | ||
| Q4 24 | $34.5M | $49.6M | ||
| Q3 24 | $19.1M | $17.0M | ||
| Q2 24 | $13.8M | $6.2M | ||
| Q1 24 | $19.5M | $42.7M |
毛利率CSGSHELE
| Q4 25 | 50.0% | 46.9% | ||
| Q3 25 | 48.1% | 44.2% | ||
| Q2 25 | 49.5% | 47.1% | ||
| Q1 25 | 48.4% | 48.6% | ||
| Q4 24 | 51.3% | 48.9% | ||
| Q3 24 | 49.4% | 45.6% | ||
| Q2 24 | 47.3% | 48.7% | ||
| Q1 24 | 46.5% | 49.0% |
营业利润率CSGSHELE
| Q4 25 | 9.0% | -1.6% | ||
| Q3 25 | 10.0% | -73.1% | ||
| Q2 25 | 10.0% | -109.5% | ||
| Q1 25 | 9.8% | 0.4% | ||
| Q4 24 | 13.4% | 14.2% | ||
| Q3 24 | 10.8% | 7.3% | ||
| Q2 24 | 8.8% | 7.4% | ||
| Q1 24 | 10.8% | 13.5% |
净利率CSGSHELE
| Q4 25 | 2.2% | -16.4% | ||
| Q3 25 | 6.7% | -71.5% | ||
| Q2 25 | 4.1% | -121.3% | ||
| Q1 25 | 5.4% | 10.5% | ||
| Q4 24 | 10.9% | 9.3% | ||
| Q3 24 | 6.5% | 3.6% | ||
| Q2 24 | 4.8% | 1.5% | ||
| Q1 24 | 6.6% | 8.7% |
每股收益（稀释后）CSGSHELE
| Q4 25 | $0.24 | $-3.65 | ||
| Q3 25 | $0.73 | $-13.44 | ||
| Q2 25 | $0.44 | $-19.65 | ||
| Q1 25 | $0.57 | $2.20 | ||
| Q4 24 | $1.20 | $2.17 | ||
| Q3 24 | $0.67 | $0.74 | ||
| Q2 24 | $0.48 | $0.26 | ||
| Q1 24 | $0.68 | $1.76 |
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 | $27.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $852.3M |
| 总资产 | $1.5B | $2.3B |
| 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CSGSHELE
| Q4 25 | $180.0M | $27.1M | ||
| Q3 25 | $158.4M | $22.4M | ||
| Q2 25 | $145.9M | $22.7M | ||
| Q1 25 | $136.0M | $18.9M | ||
| Q4 24 | $161.8M | $40.8M | ||
| Q3 24 | $118.4M | $20.1M | ||
| Q2 24 | $110.4M | $16.1M | ||
| Q1 24 | $120.8M | $18.5M |
总债务CSGSHELE
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | $921.9M | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | $672.0M |
股东权益CSGSHELE
| Q4 25 | $283.7M | $852.3M | ||
| Q3 25 | $289.5M | $926.3M | ||
| Q2 25 | $290.7M | $1.2B | ||
| Q1 25 | $283.1M | $1.7B | ||
| Q4 24 | $282.6M | $1.6B | ||
| Q3 24 | $288.4M | $1.6B | ||
| Q2 24 | $273.3M | $1.5B | ||
| Q1 24 | $269.3M | $1.6B |
总资产CSGSHELE
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.4B | $3.1B | ||
| Q4 24 | $1.5B | $3.0B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.3B | $2.8B |
负债/权益比CSGSHELE
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | 0.55× | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 2.01× | 0.41× |
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 | $11.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $5.8M |
| 自由现金流率自由现金流/营收 | 17.3% | 1.1% |
| 资本支出强度资本支出/营收 | 1.1% | 1.2% |
| 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 | $55.9M |
8季度趋势，按日历期对齐
经营现金流CSGSHELE
| Q4 25 | $59.2M | $11.9M | ||
| Q3 25 | $47.9M | $-10.5M | ||
| Q2 25 | $37.3M | $58.3M | ||
| Q1 25 | $11.5M | $35.0M | ||
| Q4 24 | $82.5M | $8.3M | ||
| Q3 24 | $39.5M | $44.6M | ||
| Q2 24 | $43.1M | $25.3M | ||
| Q1 24 | $-29.4M | $73.6M |
自由现金流CSGSHELE
| Q4 25 | $55.8M | $5.8M | ||
| Q3 25 | $43.9M | $-21.9M | ||
| Q2 25 | $34.6M | $45.0M | ||
| Q1 25 | $7.1M | $27.1M | ||
| Q4 24 | $76.6M | $191.0K | ||
| Q3 24 | $32.0M | $39.7M | ||
| Q2 24 | $38.8M | $16.2M | ||
| Q1 24 | $-34.1M | $66.6M |
自由现金流率CSGSHELE
| Q4 25 | 17.3% | 1.1% | ||
| Q3 25 | 14.5% | -5.1% | ||
| Q2 25 | 11.6% | 12.1% | ||
| Q1 25 | 2.4% | 5.6% | ||
| Q4 24 | 24.2% | 0.0% | ||
| Q3 24 | 10.8% | 8.4% | ||
| Q2 24 | 13.4% | 3.9% | ||
| Q1 24 | -11.6% | 13.6% |
资本支出强度CSGSHELE
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 1.3% | 2.7% | ||
| Q2 25 | 0.9% | 3.6% | ||
| Q1 25 | 1.5% | 1.6% | ||
| Q4 24 | 1.9% | 1.5% | ||
| Q3 24 | 2.5% | 1.0% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率CSGSHELE
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | 0.69× | ||
| Q4 24 | 2.39× | 0.17× | ||
| Q3 24 | 2.07× | 2.62× | ||
| Q2 24 | 3.12× | 4.08× | ||
| Q1 24 | -1.51× | 1.72× |
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% |
HELE
| Beauty Wellness | $283.2M | 55% |
| Home Outdoor | $229.6M | 45% |
