vs
南玻集团（CSGS）与INNOSPEC INC.（IOSP）财务数据对比。点击上方公司名可切换其他公司
INNOSPEC INC.的季度营收约是南玻集团的1.4倍（$453.2M vs $323.1M），INNOSPEC INC.净利率更高（6.8% vs 2.2%，领先4.6%），INNOSPEC INC.同比增速更快（2.8% vs 2.0%），过去两年南玻集团的营收复合增速更高（4.6% vs 2.1%）
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。
Innospec Inc.是一家美国特种化学品企业，前身为奥克泰尔公司及联合奥克泰尔有限公司，旗下设有三大业务板块：高性能化学品业务覆盖个人护理、家居护理、农化、采矿及工业市场；燃料特种化学品业务专注于生产和供应燃油添加剂；油田服务业务则提供钻井、完井及采油相关化学品。
CSGS vs IOSP — 直观对比
营收规模更大
IOSP
是对方的1.4倍
$323.1M
营收增速更快
IOSP
高出0.8%
2.0%
净利率更高
IOSP
高出4.6%
2.2%
两年增速更快
CSGS
近两年复合增速
2.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $453.2M |
| 净利润 | $7.0M | $30.8M |
| 毛利率 | 50.0% | 27.3% |
| 营业利润率 | 9.0% | 8.1% |
| 净利率 | 2.2% | 6.8% |
| 营收同比 | 2.0% | 2.8% |
| 净利润同比 | -79.7% | -8.3% |
| 每股收益（稀释后） | $0.24 | $1.22 |
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CSGSIOSP
| Q1 26 | — | $453.2M | ||
| Q4 25 | $323.1M | $455.6M | ||
| Q3 25 | $303.6M | $441.9M | ||
| Q2 25 | $297.1M | $439.7M | ||
| Q1 25 | $299.5M | $440.8M | ||
| Q4 24 | $316.7M | $466.8M | ||
| Q3 24 | $295.1M | $443.4M | ||
| Q2 24 | $290.3M | $435.0M |
净利润CSGSIOSP
| Q1 26 | — | $30.8M | ||
| Q4 25 | $7.0M | $47.4M | ||
| Q3 25 | $20.5M | $12.9M | ||
| Q2 25 | $12.3M | $23.5M | ||
| Q1 25 | $16.1M | $32.8M | ||
| Q4 24 | $34.5M | $-70.4M | ||
| Q3 24 | $19.1M | $33.4M | ||
| Q2 24 | $13.8M | $31.2M |
毛利率CSGSIOSP
| Q1 26 | — | 27.3% | ||
| Q4 25 | 50.0% | 28.0% | ||
| Q3 25 | 48.1% | 26.4% | ||
| Q2 25 | 49.5% | 28.0% | ||
| Q1 25 | 48.4% | 28.4% | ||
| Q4 24 | 51.3% | 29.2% | ||
| Q3 24 | 49.4% | 28.0% | ||
| Q2 24 | 47.3% | 29.2% |
营业利润率CSGSIOSP
| Q1 26 | — | 8.1% | ||
| Q4 25 | 9.0% | 10.3% | ||
| Q3 25 | 10.0% | 1.3% | ||
| Q2 25 | 10.0% | 7.8% | ||
| Q1 25 | 9.8% | 9.6% | ||
| Q4 24 | 13.4% | 8.8% | ||
| Q3 24 | 10.8% | 10.3% | ||
| Q2 24 | 8.8% | 9.4% |
净利率CSGSIOSP
| Q1 26 | — | 6.8% | ||
| Q4 25 | 2.2% | 10.4% | ||
| Q3 25 | 6.7% | 2.9% | ||
| Q2 25 | 4.1% | 5.3% | ||
| Q1 25 | 5.4% | 7.4% | ||
| Q4 24 | 10.9% | -15.1% | ||
| Q3 24 | 6.5% | 7.5% | ||
| Q2 24 | 4.8% | 7.2% |
每股收益（稀释后）CSGSIOSP
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.24 | $1.90 | ||
| Q3 25 | $0.73 | $0.52 | ||
| Q2 25 | $0.44 | $0.94 | ||
| Q1 25 | $0.57 | $1.31 | ||
| Q4 24 | $1.20 | $-2.80 | ||
| Q3 24 | $0.67 | $1.33 | ||
| Q2 24 | $0.48 | $1.24 |
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 | $289.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $1.4B |
| 总资产 | $1.5B | $1.8B |
| 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CSGSIOSP
| Q1 26 | — | $289.1M | ||
| Q4 25 | $180.0M | $292.5M | ||
| Q3 25 | $158.4M | $270.8M | ||
| Q2 25 | $145.9M | $266.6M | ||
| Q1 25 | $136.0M | $299.8M | ||
| Q4 24 | $161.8M | $289.2M | ||
| Q3 24 | $118.4M | $303.8M | ||
| Q2 24 | $110.4M | $240.2M |
总债务CSGSIOSP
| Q1 26 | — | — | ||
| 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 | — |
股东权益CSGSIOSP
| Q1 26 | — | $1.4B | ||
| Q4 25 | $283.7M | $1.3B | ||
| Q3 25 | $289.5M | $1.3B | ||
| Q2 25 | $290.7M | $1.3B | ||
| Q1 25 | $283.1M | $1.3B | ||
| Q4 24 | $282.6M | $1.2B | ||
| Q3 24 | $288.4M | $1.2B | ||
| Q2 24 | $273.3M | $1.2B |
总资产CSGSIOSP
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.7B |
负债/权益比CSGSIOSP
| Q1 26 | — | — | ||
| 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× | — |
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 | $17.6M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $141.4M | — |
8季度趋势，按日历期对齐
经营现金流CSGSIOSP
| Q1 26 | — | $17.6M | ||
| Q4 25 | $59.2M | $61.4M | ||
| Q3 25 | $47.9M | $39.3M | ||
| Q2 25 | $37.3M | $9.3M | ||
| Q1 25 | $11.5M | $28.3M | ||
| Q4 24 | $82.5M | $25.7M | ||
| Q3 24 | $39.5M | $73.5M | ||
| Q2 24 | $43.1M | $4.7M |
自由现金流CSGSIOSP
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $46.8M | ||
| Q3 25 | $43.9M | $25.0M | ||
| Q2 25 | $34.6M | $-3.7M | ||
| Q1 25 | $7.1M | $19.9M | ||
| Q4 24 | $76.6M | $13.6M | ||
| Q3 24 | $32.0M | $65.8M | ||
| Q2 24 | $38.8M | $-6.2M |
自由现金流率CSGSIOSP
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 10.3% | ||
| Q3 25 | 14.5% | 5.7% | ||
| Q2 25 | 11.6% | -0.8% | ||
| Q1 25 | 2.4% | 4.5% | ||
| Q4 24 | 24.2% | 2.9% | ||
| Q3 24 | 10.8% | 14.8% | ||
| Q2 24 | 13.4% | -1.4% |
资本支出强度CSGSIOSP
| Q1 26 | — | 2.0% | ||
| Q4 25 | 1.1% | 3.2% | ||
| Q3 25 | 1.3% | 3.2% | ||
| Q2 25 | 0.9% | 3.0% | ||
| Q1 25 | 1.5% | 1.9% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 1.5% | 2.5% |
现金转化率CSGSIOSP
| Q1 26 | — | 0.57× | ||
| Q4 25 | 8.46× | 1.30× | ||
| Q3 25 | 2.34× | 3.05× | ||
| Q2 25 | 3.04× | 0.40× | ||
| Q1 25 | 0.71× | 0.86× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 2.20× | ||
| Q2 24 | 3.12× | 0.15× |
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% |
IOSP
暂无分部数据
