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南玻集团（CSGS）与null（JACK）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是南玻集团的1.1倍（$349.5M vs $323.1M），南玻集团净利率更高（2.2% vs -0.7%，领先2.9%），南玻集团同比增速更快（2.0% vs -25.5%），南玻集团自由现金流更多（$55.8M vs $7.3M），过去两年南玻集团的营收复合增速更高（4.6% vs -18.6%）
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。
杰克盒子是源自美国的连锁快餐品牌，1951年由罗伯特·O·彼得森在加利福尼亚州圣迭戈创立，总部也设于此。品牌目前拥有超过2200家门店，业务主要覆盖美国西海岸，在西海岸以外的多个大都市区域以及关岛也设有门店。2017年12月前该公司曾运营Qdoba墨西哥烧烤连锁品牌，后该品牌被阿波罗全球管理收购。
CSGS vs JACK — 直观对比
营收规模更大
JACK
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出27.6%
-25.5%
净利率更高
CSGS
高出2.9%
-0.7%
自由现金流更多
CSGS
多$48.5M
$7.3M
两年增速更快
CSGS
近两年复合增速
-18.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $349.5M |
| 净利润 | $7.0M | $-2.5M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 13.3% |
| 净利率 | 2.2% | -0.7% |
| 营收同比 | 2.0% | -25.5% |
| 净利润同比 | -79.7% | -107.3% |
| 每股收益（稀释后） | $0.24 | $-0.13 |
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CSGSJACK
| Q1 26 | — | $349.5M | ||
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | — | ||
| Q2 25 | $297.1M | $336.7M | ||
| Q1 25 | $299.5M | $371.1M | ||
| Q4 24 | $316.7M | — | ||
| Q3 24 | $295.1M | — | ||
| Q2 24 | $290.3M | $365.3M |
净利润CSGSJACK
| Q1 26 | — | $-2.5M | ||
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | — | ||
| Q2 25 | $12.3M | $-142.2M | ||
| Q1 25 | $16.1M | $33.7M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $13.8M | $25.0M |
毛利率CSGSJACK
| 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CSGSJACK
| Q1 26 | — | 13.3% | ||
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 10.0% | -46.7% | ||
| Q1 25 | 9.8% | 19.0% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 8.8% | 14.8% |
净利率CSGSJACK
| Q1 26 | — | -0.7% | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 4.1% | -42.2% | ||
| Q1 25 | 5.4% | 9.1% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.8% | 6.8% |
每股收益（稀释后）CSGSJACK
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | $-7.47 | ||
| Q1 25 | $0.57 | $1.75 | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.48 | $1.26 |
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 | — |
| 总债务越低越好 | $539.5M | $1.6B |
| 股东权益账面价值 | $283.7M | $-936.0M |
| 总资产 | $1.5B | $2.0B |
| 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CSGSJACK
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — |
总债务CSGSJACK
| Q1 26 | — | $1.6B | ||
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | $1.7B | ||
| Q1 25 | $537.6M | $1.7B | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | $1.7B |
股东权益CSGSJACK
| Q1 26 | — | $-936.0M | ||
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | — | ||
| Q2 25 | $290.7M | $-976.2M | ||
| Q1 25 | $283.1M | $-827.1M | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $288.4M | — | ||
| Q2 24 | $273.3M | $-702.6M |
总资产CSGSJACK
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $2.9B |
负债/权益比CSGSJACK
| 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 | $30.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $7.3M |
| 自由现金流率自由现金流/营收 | 17.3% | 2.1% |
| 资本支出强度资本支出/营收 | 1.1% | 6.6% |
| 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 | $34.8M |
8季度趋势，按日历期对齐
经营现金流CSGSJACK
| Q1 26 | — | $30.5M | ||
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $37.3M | $-36.8M | ||
| Q1 25 | $11.5M | $105.7M | ||
| Q4 24 | $82.5M | — | ||
| Q3 24 | $39.5M | — | ||
| Q2 24 | $43.1M | $16.7M |
自由现金流CSGSJACK
| Q1 26 | — | $7.3M | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $-63.2M | ||
| Q1 25 | $7.1M | $84.4M | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | $6.4M |
自由现金流率CSGSJACK
| Q1 26 | — | 2.1% | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | -18.8% | ||
| Q1 25 | 2.4% | 22.7% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | 1.8% |
资本支出强度CSGSJACK
| Q1 26 | — | 6.6% | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | 7.9% | ||
| Q1 25 | 1.5% | 5.7% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | 2.8% |
现金转化率CSGSJACK
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | 3.14× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | 0.67× |
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% |
JACK
| Restaurant Sales | $131.9M | 38% |
| Franchise | $97.4M | 28% |
| Royaltyand Other | $58.9M | 17% |
| Advertising | $56.6M | 16% |
| Technology Service | $4.7M | 1% |
| Franchise Fees | $1.7M | 0% |
