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南玻集团（CSGS）与IDACORP INC（IDA）财务数据对比。点击上方公司名可切换其他公司
IDACORP INC的季度营收约是南玻集团的1.1倍（$360.1M vs $323.1M），IDACORP INC净利率更高（12.1% vs 2.2%，领先9.9%），南玻集团同比增速更快（2.0% vs -4.2%），南玻集团自由现金流更多（$55.8M vs $-216.2M），过去两年南玻集团的营收复合增速更高（4.6% vs -7.2%）
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。
IDACORP Inc是注册于美国爱达荷州、总部设在博伊西的电力控股企业，成立于1998年10月1日，旗下拥有爱达荷电力公司、IDACORP金融公司及Ida-West能源公司，业务覆盖电力供应、能源服务及相关配套金融服务领域。
CSGS vs IDA — 直观对比
营收规模更大
IDA
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出6.2%
-4.2%
净利率更高
IDA
高出9.9%
2.2%
自由现金流更多
CSGS
多$272.0M
$-216.2M
两年增速更快
CSGS
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $360.1M |
| 净利润 | $7.0M | $43.6M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 14.9% |
| 净利率 | 2.2% | 12.1% |
| 营收同比 | 2.0% | -4.2% |
| 净利润同比 | -79.7% | 15.1% |
| 每股收益（稀释后） | $0.24 | $0.78 |
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CSGSIDA
| Q4 25 | $323.1M | $360.1M | ||
| Q3 25 | $303.6M | $526.4M | ||
| Q2 25 | $297.1M | $449.3M | ||
| Q1 25 | $299.5M | $411.1M | ||
| Q4 24 | $316.7M | $375.9M | ||
| Q3 24 | $295.1M | $532.5M | ||
| Q2 24 | $290.3M | $442.6M | ||
| Q1 24 | $295.1M | $417.9M |
净利润CSGSIDA
| Q4 25 | $7.0M | $43.6M | ||
| Q3 25 | $20.5M | $124.4M | ||
| Q2 25 | $12.3M | $95.8M | ||
| Q1 25 | $16.1M | $59.6M | ||
| Q4 24 | $34.5M | $37.9M | ||
| Q3 24 | $19.1M | $113.6M | ||
| Q2 24 | $13.8M | $89.5M | ||
| Q1 24 | $19.5M | $48.2M |
毛利率CSGSIDA
| 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CSGSIDA
| Q4 25 | 9.0% | 14.9% | ||
| Q3 25 | 10.0% | 27.5% | ||
| Q2 25 | 10.0% | 22.4% | ||
| Q1 25 | 9.8% | 13.4% | ||
| Q4 24 | 13.4% | 11.0% | ||
| Q3 24 | 10.8% | 25.1% | ||
| Q2 24 | 8.8% | 23.3% | ||
| Q1 24 | 10.8% | 11.9% |
净利率CSGSIDA
| Q4 25 | 2.2% | 12.1% | ||
| Q3 25 | 6.7% | 23.6% | ||
| Q2 25 | 4.1% | 21.3% | ||
| Q1 25 | 5.4% | 14.5% | ||
| Q4 24 | 10.9% | 10.1% | ||
| Q3 24 | 6.5% | 21.3% | ||
| Q2 24 | 4.8% | 20.2% | ||
| Q1 24 | 6.6% | 11.5% |
每股收益（稀释后）CSGSIDA
| Q4 25 | $0.24 | $0.78 | ||
| Q3 25 | $0.73 | $2.26 | ||
| Q2 25 | $0.44 | $1.76 | ||
| Q1 25 | $0.57 | $1.10 | ||
| Q4 24 | $1.20 | $0.72 | ||
| Q3 24 | $0.67 | $2.12 | ||
| Q2 24 | $0.48 | $1.71 | ||
| Q1 24 | $0.68 | $0.95 |
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 | $215.7M |
| 总债务越低越好 | $539.5M | $3.3B |
| 股东权益账面价值 | $283.7M | $3.6B |
| 总资产 | $1.5B | $10.2B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.93× |
8季度趋势，按日历期对齐
现金及短期投资CSGSIDA
| Q4 25 | $180.0M | $215.7M | ||
| Q3 25 | $158.4M | $333.2M | ||
| Q2 25 | $145.9M | $474.5M | ||
| Q1 25 | $136.0M | $634.5M | ||
| Q4 24 | $161.8M | $368.9M | ||
| Q3 24 | $118.4M | $427.9M | ||
| Q2 24 | $110.4M | $169.6M | ||
| Q1 24 | $120.8M | $157.6M |
总债务CSGSIDA
| Q4 25 | $539.5M | $3.3B | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $3.1B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSIDA
| Q4 25 | $283.7M | $3.6B | ||
| Q3 25 | $289.5M | $3.5B | ||
| Q2 25 | $290.7M | $3.4B | ||
| Q1 25 | $283.1M | $3.3B | ||
| Q4 24 | $282.6M | $3.3B | ||
| Q3 24 | $288.4M | $3.3B | ||
| Q2 24 | $273.3M | $3.2B | ||
| Q1 24 | $269.3M | $2.9B |
总资产CSGSIDA
| Q4 25 | $1.5B | $10.2B | ||
| Q3 25 | $1.5B | $10.1B | ||
| Q2 25 | $1.4B | $9.9B | ||
| Q1 25 | $1.4B | $9.6B | ||
| Q4 24 | $1.5B | $9.2B | ||
| Q3 24 | $1.4B | $9.1B | ||
| Q2 24 | $1.4B | $8.7B | ||
| Q1 24 | $1.3B | $8.3B |
负债/权益比CSGSIDA
| Q4 25 | 1.90× | 0.93× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 0.92× | ||
| 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 | $137.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-216.2M |
| 自由现金流率自由现金流/营收 | 17.3% | -60.0% |
| 资本支出强度资本支出/营收 | 1.1% | 98.3% |
| 现金转化率经营现金流/净利润 | 8.46× | 3.16× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $-577.5M |
8季度趋势，按日历期对齐
经营现金流CSGSIDA
| Q4 25 | $59.2M | $137.8M | ||
| Q3 25 | $47.9M | $162.8M | ||
| Q2 25 | $37.3M | $176.9M | ||
| Q1 25 | $11.5M | $124.3M | ||
| Q4 24 | $82.5M | $136.4M | ||
| Q3 24 | $39.5M | $201.9M | ||
| Q2 24 | $43.1M | $146.4M | ||
| Q1 24 | $-29.4M | $109.7M |
自由现金流CSGSIDA
| Q4 25 | $55.8M | $-216.2M | ||
| Q3 25 | $43.9M | $-127.9M | ||
| Q2 25 | $34.6M | $-156.4M | ||
| Q1 25 | $7.1M | $-77.0M | ||
| Q4 24 | $76.6M | $-48.9M | ||
| Q3 24 | $32.0M | $-16.1M | ||
| Q2 24 | $38.8M | $-199.6M | ||
| Q1 24 | $-34.1M | $-150.3M |
自由现金流率CSGSIDA
| Q4 25 | 17.3% | -60.0% | ||
| Q3 25 | 14.5% | -24.3% | ||
| Q2 25 | 11.6% | -34.8% | ||
| Q1 25 | 2.4% | -18.7% | ||
| Q4 24 | 24.2% | -13.0% | ||
| Q3 24 | 10.8% | -3.0% | ||
| Q2 24 | 13.4% | -45.1% | ||
| Q1 24 | -11.6% | -36.0% |
资本支出强度CSGSIDA
| Q4 25 | 1.1% | 98.3% | ||
| Q3 25 | 1.3% | 55.2% | ||
| Q2 25 | 0.9% | 74.2% | ||
| Q1 25 | 1.5% | 49.0% | ||
| Q4 24 | 1.9% | 49.3% | ||
| Q3 24 | 2.5% | 41.0% | ||
| Q2 24 | 1.5% | 78.2% | ||
| Q1 24 | 1.6% | 62.2% |
现金转化率CSGSIDA
| Q4 25 | 8.46× | 3.16× | ||
| Q3 25 | 2.34× | 1.31× | ||
| Q2 25 | 3.04× | 1.85× | ||
| Q1 25 | 0.71× | 2.08× | ||
| Q4 24 | 2.39× | 3.60× | ||
| Q3 24 | 2.07× | 1.78× | ||
| Q2 24 | 3.12× | 1.63× | ||
| Q1 24 | -1.51× | 2.28× |
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% |
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
