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南玻集团（CSGS）与INDEPENDENCE REALTY TRUST, INC.（IRT）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INDEPENDENCE REALTY TRUST, INC.的2.0倍（$323.1M vs $165.3M），INDEPENDENCE REALTY TRUST, INC.同比增速更快（2.5% vs 2.0%），过去两年南玻集团的营收复合增速更高（4.6% vs 2.2%）
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。
独立房地产信托是一家专注于商业地产领域的不动产投资信托企业，投资布局覆盖费城、华盛顿特区以及得克萨斯州奥斯汀市的优质写字楼资产，为投资者创造稳定的不动产投资回报。
CSGS vs IRT — 直观对比
营收规模更大
CSGS
是对方的2.0倍
$165.3M
营收增速更快
IRT
高出0.5%
2.0%
两年增速更快
CSGS
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $165.3M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | 2.5% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $0.00 |
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CSGSIRT
| Q1 26 | — | $165.3M | ||
| Q4 25 | $323.1M | $167.1M | ||
| Q3 25 | $303.6M | $167.1M | ||
| Q2 25 | $297.1M | $162.2M | ||
| Q1 25 | $299.5M | $161.2M | ||
| Q4 24 | $316.7M | $161.0M | ||
| Q3 24 | $295.1M | $160.1M | ||
| Q2 24 | $290.3M | $158.4M |
净利润CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | $7.0M | $33.3M | ||
| Q3 25 | $20.5M | $6.9M | ||
| Q2 25 | $12.3M | $8.0M | ||
| Q1 25 | $16.1M | $8.4M | ||
| Q4 24 | $34.5M | $-1.0M | ||
| Q3 24 | $19.1M | $12.4M | ||
| Q2 24 | $13.8M | $10.4M |
毛利率CSGSIRT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 8.8% | — |
净利率CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 19.9% | ||
| Q3 25 | 6.7% | 4.1% | ||
| Q2 25 | 4.1% | 5.0% | ||
| Q1 25 | 5.4% | 5.2% | ||
| Q4 24 | 10.9% | -0.6% | ||
| Q3 24 | 6.5% | 7.7% | ||
| Q2 24 | 4.8% | 6.5% |
每股收益（稀释后）CSGSIRT
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.24 | $0.14 | ||
| Q3 25 | $0.73 | $0.03 | ||
| Q2 25 | $0.44 | $0.03 | ||
| Q1 25 | $0.57 | $0.04 | ||
| Q4 24 | $1.20 | $-0.01 | ||
| Q3 24 | $0.67 | $0.05 | ||
| Q2 24 | $0.48 | $0.05 |
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 | $23.3M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $3.4B |
| 总资产 | $1.5B | $6.1B |
| 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CSGSIRT
| Q1 26 | — | $23.3M | ||
| Q4 25 | $180.0M | $23.6M | ||
| Q3 25 | $158.4M | $23.3M | ||
| Q2 25 | $145.9M | $19.5M | ||
| Q1 25 | $136.0M | $29.1M | ||
| Q4 24 | $161.8M | $21.2M | ||
| Q3 24 | $118.4M | $17.6M | ||
| Q2 24 | $110.4M | $21.0M |
总债务CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | $539.5M | $2.3B | ||
| Q3 25 | $538.6M | $2.3B | ||
| Q2 25 | $537.8M | $2.2B | ||
| Q1 25 | $537.6M | $2.3B | ||
| Q4 24 | $538.5M | $2.3B | ||
| Q3 24 | $539.5M | $2.3B | ||
| Q2 24 | $540.5M | $2.3B |
股东权益CSGSIRT
| Q1 26 | — | $3.4B | ||
| Q4 25 | $283.7M | $3.5B | ||
| Q3 25 | $289.5M | $3.5B | ||
| Q2 25 | $290.7M | $3.4B | ||
| Q1 25 | $283.1M | $3.5B | ||
| Q4 24 | $282.6M | $3.4B | ||
| Q3 24 | $288.4M | $3.4B | ||
| Q2 24 | $273.3M | $3.4B |
总资产CSGSIRT
| Q1 26 | — | $6.1B | ||
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.4B | $6.0B | ||
| Q1 25 | $1.4B | $6.0B | ||
| Q4 24 | $1.5B | $6.1B | ||
| Q3 24 | $1.4B | $5.9B | ||
| Q2 24 | $1.4B | $5.9B |
负债/权益比CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 0.66× | ||
| Q3 25 | 1.86× | 0.66× | ||
| Q2 25 | 1.85× | 0.66× | ||
| Q1 25 | 1.90× | 0.65× | ||
| Q4 24 | 1.91× | 0.68× | ||
| Q3 24 | 1.87× | 0.68× | ||
| Q2 24 | 1.98× | 0.66× |
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 | — |
| 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% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $282.1M | ||
| Q3 25 | $47.9M | $79.3M | ||
| Q2 25 | $37.3M | $82.2M | ||
| Q1 25 | $11.5M | $60.4M | ||
| Q4 24 | $82.5M | $259.8M | ||
| Q3 24 | $39.5M | $69.2M | ||
| Q2 24 | $43.1M | $83.0M |
自由现金流CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — |
自由现金流率CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率CSGSIRT
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 8.48× | ||
| Q3 25 | 2.34× | 11.51× | ||
| Q2 25 | 3.04× | 10.22× | ||
| Q1 25 | 0.71× | 7.23× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 5.60× | ||
| Q2 24 | 3.12× | 8.02× |
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% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
