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南玻集团（CSGS）与Heritage Insurance Holdings, Inc.（HRTG）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Heritage Insurance Holdings, Inc.的1.5倍（$323.1M vs $215.3M），Heritage Insurance Holdings, Inc.净利率更高（31.0% vs 2.2%，领先28.8%），Heritage Insurance Holdings, Inc.同比增速更快（2.4% vs 2.0%），Heritage Insurance Holdings, Inc.自由现金流更多（$174.2M vs $55.8M），过去两年Heritage Insurance Holdings, Inc.的营收复合增速更高（6.1% 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。
该公司是一家位于美国佛罗里达州的财产意外保险公司，在美国多个沿海州开展业务，主要为客户提供商业保险、住宅保险、房主保险以及洪水保险等各类财产意外保障产品。
CSGS vs HRTG — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$215.3M
营收增速更快
HRTG
高出0.4%
2.0%
净利率更高
HRTG
高出28.8%
2.2%
自由现金流更多
HRTG
多$118.4M
$55.8M
两年增速更快
HRTG
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $215.3M |
| 净利润 | $7.0M | $66.7M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 41.6% |
| 净利率 | 2.2% | 31.0% |
| 营收同比 | 2.0% | 2.4% |
| 净利润同比 | -79.7% | 228.6% |
| 每股收益（稀释后） | $0.24 | $2.15 |
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CSGSHRTG
| Q4 25 | $323.1M | $215.3M | ||
| Q3 25 | $303.6M | $212.5M | ||
| Q2 25 | $297.1M | $208.0M | ||
| Q1 25 | $299.5M | $211.5M | ||
| Q4 24 | $316.7M | $210.3M | ||
| Q3 24 | $295.1M | $211.8M | ||
| Q2 24 | $290.3M | $203.6M | ||
| Q1 24 | $295.1M | $191.3M |
净利润CSGSHRTG
| Q4 25 | $7.0M | $66.7M | ||
| Q3 25 | $20.5M | $50.4M | ||
| Q2 25 | $12.3M | $48.0M | ||
| Q1 25 | $16.1M | $30.5M | ||
| Q4 24 | $34.5M | $20.3M | ||
| Q3 24 | $19.1M | $8.2M | ||
| Q2 24 | $13.8M | $18.9M | ||
| Q1 24 | $19.5M | $14.2M |
毛利率CSGSHRTG
| 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% | — | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSHRTG
| Q4 25 | 9.0% | 41.6% | ||
| Q3 25 | 10.0% | 33.0% | ||
| Q2 25 | 10.0% | 31.2% | ||
| Q1 25 | 9.8% | 20.1% | ||
| Q4 24 | 13.4% | 15.0% | ||
| Q3 24 | 10.8% | 5.5% | ||
| Q2 24 | 8.8% | 13.6% | ||
| Q1 24 | 10.8% | 11.9% |
净利率CSGSHRTG
| Q4 25 | 2.2% | 31.0% | ||
| Q3 25 | 6.7% | 23.7% | ||
| Q2 25 | 4.1% | 23.1% | ||
| Q1 25 | 5.4% | 14.4% | ||
| Q4 24 | 10.9% | 9.7% | ||
| Q3 24 | 6.5% | 3.8% | ||
| Q2 24 | 4.8% | 9.3% | ||
| Q1 24 | 6.6% | 7.4% |
每股收益（稀释后）CSGSHRTG
| Q4 25 | $0.24 | $2.15 | ||
| Q3 25 | $0.73 | $1.63 | ||
| Q2 25 | $0.44 | $1.55 | ||
| Q1 25 | $0.57 | $0.99 | ||
| Q4 24 | $1.20 | $0.66 | ||
| Q3 24 | $0.67 | $0.27 | ||
| Q2 24 | $0.48 | $0.61 | ||
| Q1 24 | $0.68 | $0.47 |
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 | $559.3M |
| 总债务越低越好 | $539.5M | $78.4M |
| 股东权益账面价值 | $283.7M | $505.3M |
| 总资产 | $1.5B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资CSGSHRTG
| Q4 25 | $180.0M | $559.3M | ||
| Q3 25 | $158.4M | $560.4M | ||
| Q2 25 | $145.9M | $473.5M | ||
| Q1 25 | $136.0M | $425.9M | ||
| Q4 24 | $161.8M | $452.7M | ||
| Q3 24 | $118.4M | $509.9M | ||
| Q2 24 | $110.4M | $480.9M | ||
| Q1 24 | $120.8M | $386.1M |
总债务CSGSHRTG
| Q4 25 | $539.5M | $78.4M | ||
| Q3 25 | $538.6M | $79.3M | ||
| Q2 25 | $537.8M | $92.4M | ||
| Q1 25 | $537.6M | $94.8M | ||
| Q4 24 | $538.5M | $116.3M | ||
| Q3 24 | $539.5M | $118.6M | ||
| Q2 24 | $540.5M | $120.8M | ||
| Q1 24 | $541.5M | $123.0M |
股东权益CSGSHRTG
| Q4 25 | $283.7M | $505.3M | ||
| Q3 25 | $289.5M | $437.3M | ||
| Q2 25 | $290.7M | $383.3M | ||
| Q1 25 | $283.1M | $329.0M | ||
| Q4 24 | $282.6M | $290.8M | ||
| Q3 24 | $288.4M | $279.3M | ||
| Q2 24 | $273.3M | $255.3M | ||
| Q1 24 | $269.3M | $234.9M |
总资产CSGSHRTG
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比CSGSHRTG
| Q4 25 | 1.90× | 0.16× | ||
| Q3 25 | 1.86× | 0.18× | ||
| Q2 25 | 1.85× | 0.24× | ||
| Q1 25 | 1.90× | 0.29× | ||
| Q4 24 | 1.91× | 0.40× | ||
| Q3 24 | 1.87× | 0.42× | ||
| Q2 24 | 1.98× | 0.47× | ||
| Q1 24 | 2.01× | 0.52× |
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 | $182.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $174.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 80.9% |
| 资本支出强度资本支出/营收 | 1.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.73× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $337.4M |
8季度趋势，按日历期对齐
经营现金流CSGSHRTG
| Q4 25 | $59.2M | $182.2M | ||
| Q3 25 | $47.9M | $124.3M | ||
| Q2 25 | $37.3M | $43.3M | ||
| Q1 25 | $11.5M | $837.0K | ||
| Q4 24 | $82.5M | $87.1M | ||
| Q3 24 | $39.5M | $-13.4M | ||
| Q2 24 | $43.1M | $152.2M | ||
| Q1 24 | $-29.4M | $4.3M |
自由现金流CSGSHRTG
| Q4 25 | $55.8M | $174.2M | ||
| Q3 25 | $43.9M | $122.7M | ||
| Q2 25 | $34.6M | $41.8M | ||
| Q1 25 | $7.1M | $-1.3M | ||
| Q4 24 | $76.6M | $78.9M | ||
| Q3 24 | $32.0M | $-16.3M | ||
| Q2 24 | $38.8M | $149.8M | ||
| Q1 24 | $-34.1M | $4.1M |
自由现金流率CSGSHRTG
| Q4 25 | 17.3% | 80.9% | ||
| Q3 25 | 14.5% | 57.8% | ||
| Q2 25 | 11.6% | 20.1% | ||
| Q1 25 | 2.4% | -0.6% | ||
| Q4 24 | 24.2% | 37.5% | ||
| Q3 24 | 10.8% | -7.7% | ||
| Q2 24 | 13.4% | 73.6% | ||
| Q1 24 | -11.6% | 2.1% |
资本支出强度CSGSHRTG
| Q4 25 | 1.1% | 3.7% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 1.9% | 3.9% | ||
| Q3 24 | 2.5% | 1.4% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率CSGSHRTG
| Q4 25 | 8.46× | 2.73× | ||
| Q3 25 | 2.34× | 2.47× | ||
| Q2 25 | 3.04× | 0.90× | ||
| Q1 25 | 0.71× | 0.03× | ||
| Q4 24 | 2.39× | 4.29× | ||
| Q3 24 | 2.07× | -1.64× | ||
| Q2 24 | 3.12× | 8.07× | ||
| Q1 24 | -1.51× | 0.30× |
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% |
HRTG
暂无分部数据
