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南玻集团（CSGS）与INTERNATIONAL BANCSHARES CORP（IBOC）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INTERNATIONAL BANCSHARES CORP的1.5倍（$323.1M vs $217.7M），INTERNATIONAL BANCSHARES CORP净利率更高（62.3% vs 2.2%，领先60.2%），INTERNATIONAL BANCSHARES CORP同比增速更快（4.5% vs 2.0%），INTERNATIONAL BANCSHARES CORP自由现金流更多（$472.9M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% vs 2.8%）
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。
国际银行股份公司（International Bancshares Corporation）是总部位于美国得克萨斯州拉雷多的银行控股公司，核心子公司为国际商业银行。目前集团通过旗下银行子公司运营217个营业网点、315台自动柜员机，服务覆盖得克萨斯州、俄克拉荷马州的88个城镇社区。
CSGS vs IBOC — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$217.7M
营收增速更快
IBOC
高出2.5%
2.0%
净利率更高
IBOC
高出60.2%
2.2%
自由现金流更多
IBOC
多$417.1M
$55.8M
两年增速更快
CSGS
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $217.7M |
| 净利润 | $7.0M | $106.9M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 62.8% |
| 净利率 | 2.2% | 62.3% |
| 营收同比 | 2.0% | 4.5% |
| 净利润同比 | -79.7% | -7.1% |
| 每股收益（稀释后） | $0.24 | $1.71 |
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CSGSIBOC
| Q4 25 | $323.1M | $217.7M | ||
| Q3 25 | $303.6M | $218.1M | ||
| Q2 25 | $297.1M | $208.2M | ||
| Q1 25 | $299.5M | $198.2M | ||
| Q4 24 | $316.7M | $208.3M | ||
| Q3 24 | $295.1M | $211.8M | ||
| Q2 24 | $290.3M | $207.8M | ||
| Q1 24 | $295.1M | $205.8M |
净利润CSGSIBOC
| Q4 25 | $7.0M | $106.9M | ||
| Q3 25 | $20.5M | $108.4M | ||
| Q2 25 | $12.3M | $100.1M | ||
| Q1 25 | $16.1M | $96.9M | ||
| Q4 24 | $34.5M | $115.1M | ||
| Q3 24 | $19.1M | $99.8M | ||
| Q2 24 | $13.8M | $97.0M | ||
| Q1 24 | $19.5M | $97.3M |
毛利率CSGSIBOC
| 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CSGSIBOC
| Q4 25 | 9.0% | 62.8% | ||
| Q3 25 | 10.0% | 62.6% | ||
| Q2 25 | 10.0% | 60.5% | ||
| Q1 25 | 9.8% | 61.1% | ||
| Q4 24 | 13.4% | 64.2% | ||
| Q3 24 | 10.8% | 60.0% | ||
| Q2 24 | 8.8% | 60.1% | ||
| Q1 24 | 10.8% | 59.9% |
净利率CSGSIBOC
| Q4 25 | 2.2% | 62.3% | ||
| Q3 25 | 6.7% | 49.7% | ||
| Q2 25 | 4.1% | 48.1% | ||
| Q1 25 | 5.4% | 48.9% | ||
| Q4 24 | 10.9% | 71.5% | ||
| Q3 24 | 6.5% | 47.1% | ||
| Q2 24 | 4.8% | 46.7% | ||
| Q1 24 | 6.6% | 47.3% |
每股收益（稀释后）CSGSIBOC
| Q4 25 | $0.24 | $1.71 | ||
| Q3 25 | $0.73 | $1.74 | ||
| Q2 25 | $0.44 | $1.61 | ||
| Q1 25 | $0.57 | $1.56 | ||
| Q4 24 | $1.20 | $1.85 | ||
| Q3 24 | $0.67 | $1.60 | ||
| Q2 24 | $0.48 | $1.56 | ||
| Q1 24 | $0.68 | $1.56 |
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 | $5.5B |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $3.3B |
| 总资产 | $1.5B | $16.6B |
| 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CSGSIBOC
| Q4 25 | $180.0M | $5.5B | ||
| Q3 25 | $158.4M | $5.6B | ||
| Q2 25 | $145.9M | $5.8B | ||
| Q1 25 | $136.0M | $5.6B | ||
| Q4 24 | $161.8M | $5.4B | ||
| Q3 24 | $118.4M | $5.8B | ||
| Q2 24 | $110.4M | $5.7B | ||
| Q1 24 | $120.8M | $5.7B |
总债务CSGSIBOC
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSIBOC
| Q4 25 | $283.7M | $3.3B | ||
| Q3 25 | $289.5M | $3.1B | ||
| Q2 25 | $290.7M | $3.0B | ||
| Q1 25 | $283.1M | $2.9B | ||
| Q4 24 | $282.6M | $2.8B | ||
| Q3 24 | $288.4M | $2.7B | ||
| Q2 24 | $273.3M | $2.6B | ||
| Q1 24 | $269.3M | $2.5B |
总资产CSGSIBOC
| Q4 25 | $1.5B | $16.6B | ||
| Q3 25 | $1.5B | $16.6B | ||
| Q2 25 | $1.4B | $16.5B | ||
| Q1 25 | $1.4B | $16.3B | ||
| Q4 24 | $1.5B | $15.7B | ||
| Q3 24 | $1.4B | $15.9B | ||
| Q2 24 | $1.4B | $15.5B | ||
| Q1 24 | $1.3B | $15.4B |
负债/权益比CSGSIBOC
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 2.01× | — |
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 | $491.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $472.9M |
| 自由现金流率自由现金流/营收 | 17.3% | 217.2% |
| 资本支出强度资本支出/营收 | 1.1% | 8.3% |
| 现金转化率经营现金流/净利润 | 8.46× | 4.59× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $809.9M |
8季度趋势，按日历期对齐
经营现金流CSGSIBOC
| Q4 25 | $59.2M | $491.1M | ||
| Q3 25 | $47.9M | $115.2M | ||
| Q2 25 | $37.3M | $95.5M | ||
| Q1 25 | $11.5M | $140.5M | ||
| Q4 24 | $82.5M | $473.9M | ||
| Q3 24 | $39.5M | $116.5M | ||
| Q2 24 | $43.1M | $107.2M | ||
| Q1 24 | $-29.4M | $135.4M |
自由现金流CSGSIBOC
| Q4 25 | $55.8M | $472.9M | ||
| Q3 25 | $43.9M | $112.2M | ||
| Q2 25 | $34.6M | $91.6M | ||
| Q1 25 | $7.1M | $133.1M | ||
| Q4 24 | $76.6M | $459.8M | ||
| Q3 24 | $32.0M | $109.6M | ||
| Q2 24 | $38.8M | $104.9M | ||
| Q1 24 | $-34.1M | $128.9M |
自由现金流率CSGSIBOC
| Q4 25 | 17.3% | 217.2% | ||
| Q3 25 | 14.5% | 51.5% | ||
| Q2 25 | 11.6% | 44.0% | ||
| Q1 25 | 2.4% | 67.1% | ||
| Q4 24 | 24.2% | 220.8% | ||
| Q3 24 | 10.8% | 51.7% | ||
| Q2 24 | 13.4% | 50.5% | ||
| Q1 24 | -11.6% | 62.6% |
资本支出强度CSGSIBOC
| Q4 25 | 1.1% | 8.3% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 0.9% | 1.9% | ||
| Q1 25 | 1.5% | 3.7% | ||
| Q4 24 | 1.9% | 6.8% | ||
| Q3 24 | 2.5% | 3.3% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 1.6% | 3.2% |
现金转化率CSGSIBOC
| Q4 25 | 8.46× | 4.59× | ||
| Q3 25 | 2.34× | 1.06× | ||
| Q2 25 | 3.04× | 0.95× | ||
| Q1 25 | 0.71× | 1.45× | ||
| Q4 24 | 2.39× | 4.12× | ||
| Q3 24 | 2.07× | 1.17× | ||
| Q2 24 | 3.12× | 1.11× | ||
| Q1 24 | -1.51× | 1.39× |
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% |
IBOC
暂无分部数据
