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南玻集团（CSGS）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是南玻集团的1.1倍（$343.8M vs $323.1M），南玻集团净利率更高（2.2% vs 0.3%，领先1.9%），南玻集团同比增速更快（2.0% vs -5.2%），南玻集团自由现金流更多（$55.8M vs $17.0M），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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
CSGS vs JJSF — 直观对比
营收规模更大
JJSF
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出7.2%
-5.2%
净利率更高
CSGS
高出1.9%
0.3%
自由现金流更多
CSGS
多$38.8M
$17.0M
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 | $343.8M |
| 净利润 | $7.0M | $883.0K |
| 毛利率 | 50.0% | 27.9% |
| 营业利润率 | 9.0% | 0.2% |
| 净利率 | 2.2% | 0.3% |
| 营收同比 | 2.0% | -5.2% |
| 净利润同比 | -79.7% | -82.8% |
| 每股收益（稀释后） | $0.24 | $0.05 |
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CSGSJJSF
| Q4 25 | $323.1M | $343.8M | ||
| Q3 25 | $303.6M | $410.2M | ||
| Q2 25 | $297.1M | $454.3M | ||
| Q1 25 | $299.5M | $356.1M | ||
| Q4 24 | $316.7M | $362.6M | ||
| Q3 24 | $295.1M | $426.8M | ||
| Q2 24 | $290.3M | $440.0M | ||
| Q1 24 | $295.1M | $359.7M |
净利润CSGSJJSF
| Q4 25 | $7.0M | $883.0K | ||
| Q3 25 | $20.5M | $11.4M | ||
| Q2 25 | $12.3M | $44.2M | ||
| Q1 25 | $16.1M | $4.8M | ||
| Q4 24 | $34.5M | $5.1M | ||
| Q3 24 | $19.1M | $29.6M | ||
| Q2 24 | $13.8M | $36.3M | ||
| Q1 24 | $19.5M | $13.3M |
毛利率CSGSJJSF
| Q4 25 | 50.0% | 27.9% | ||
| Q3 25 | 48.1% | 31.7% | ||
| Q2 25 | 49.5% | 33.0% | ||
| Q1 25 | 48.4% | 26.9% | ||
| Q4 24 | 51.3% | 25.9% | ||
| Q3 24 | 49.4% | 31.8% | ||
| Q2 24 | 47.3% | 33.6% | ||
| Q1 24 | 46.5% | 30.1% |
营业利润率CSGSJJSF
| Q4 25 | 9.0% | 0.2% | ||
| Q3 25 | 10.0% | 2.8% | ||
| Q2 25 | 10.0% | 13.3% | ||
| Q1 25 | 9.8% | 1.7% | ||
| Q4 24 | 13.4% | 1.7% | ||
| Q3 24 | 10.8% | 9.3% | ||
| Q2 24 | 8.8% | 11.4% | ||
| Q1 24 | 10.8% | 5.0% |
净利率CSGSJJSF
| Q4 25 | 2.2% | 0.3% | ||
| Q3 25 | 6.7% | 2.8% | ||
| Q2 25 | 4.1% | 9.7% | ||
| Q1 25 | 5.4% | 1.4% | ||
| Q4 24 | 10.9% | 1.4% | ||
| Q3 24 | 6.5% | 6.9% | ||
| Q2 24 | 4.8% | 8.3% | ||
| Q1 24 | 6.6% | 3.7% |
每股收益（稀释后）CSGSJJSF
| Q4 25 | $0.24 | $0.05 | ||
| Q3 25 | $0.73 | $0.59 | ||
| Q2 25 | $0.44 | $2.26 | ||
| Q1 25 | $0.57 | $0.25 | ||
| Q4 24 | $1.20 | $0.26 | ||
| Q3 24 | $0.67 | $1.52 | ||
| Q2 24 | $0.48 | $1.87 | ||
| Q1 24 | $0.68 | $0.69 |
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 | $66.8M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $912.9M |
| 总资产 | $1.5B | $1.3B |
| 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CSGSJJSF
| Q4 25 | $180.0M | $66.8M | ||
| Q3 25 | $158.4M | $105.9M | ||
| Q2 25 | $145.9M | $77.4M | ||
| Q1 25 | $136.0M | $48.5M | ||
| Q4 24 | $161.8M | $73.6M | ||
| Q3 24 | $118.4M | $73.4M | ||
| Q2 24 | $110.4M | $64.0M | ||
| Q1 24 | $120.8M | $43.6M |
总债务CSGSJJSF
| 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CSGSJJSF
| Q4 25 | $283.7M | $912.9M | ||
| Q3 25 | $289.5M | $966.7M | ||
| Q2 25 | $290.7M | $969.9M | ||
| Q1 25 | $283.1M | $935.0M | ||
| Q4 24 | $282.6M | $946.8M | ||
| Q3 24 | $288.4M | $957.0M | ||
| Q2 24 | $273.3M | $937.9M | ||
| Q1 24 | $269.3M | $915.7M |
总资产CSGSJJSF
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
负债/权益比CSGSJJSF
| 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 | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $17.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 4.9% |
| 资本支出强度资本支出/营收 | 1.1% | 5.5% |
| 现金转化率经营现金流/净利润 | 8.46× | 40.73× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $83.1M |
8季度趋势，按日历期对齐
经营现金流CSGSJJSF
| Q4 25 | $59.2M | $36.0M | ||
| Q3 25 | $47.9M | $66.4M | ||
| Q2 25 | $37.3M | $51.2M | ||
| Q1 25 | $11.5M | $12.3M | ||
| Q4 24 | $82.5M | $35.2M | ||
| Q3 24 | $39.5M | $46.3M | ||
| Q2 24 | $43.1M | $65.0M | ||
| Q1 24 | $-29.4M | $12.7M |
自由现金流CSGSJJSF
| Q4 25 | $55.8M | $17.0M | ||
| Q3 25 | $43.9M | $44.8M | ||
| Q2 25 | $34.6M | $28.5M | ||
| Q1 25 | $7.1M | $-7.2M | ||
| Q4 24 | $76.6M | $16.1M | ||
| Q3 24 | $32.0M | $29.1M | ||
| Q2 24 | $38.8M | $45.3M | ||
| Q1 24 | $-34.1M | $-4.0M |
自由现金流率CSGSJJSF
| Q4 25 | 17.3% | 4.9% | ||
| Q3 25 | 14.5% | 10.9% | ||
| Q2 25 | 11.6% | 6.3% | ||
| Q1 25 | 2.4% | -2.0% | ||
| Q4 24 | 24.2% | 4.4% | ||
| Q3 24 | 10.8% | 6.8% | ||
| Q2 24 | 13.4% | 10.3% | ||
| Q1 24 | -11.6% | -1.1% |
资本支出强度CSGSJJSF
| Q4 25 | 1.1% | 5.5% | ||
| Q3 25 | 1.3% | 5.3% | ||
| Q2 25 | 0.9% | 5.0% | ||
| Q1 25 | 1.5% | 5.5% | ||
| Q4 24 | 1.9% | 5.3% | ||
| Q3 24 | 2.5% | 4.0% | ||
| Q2 24 | 1.5% | 4.5% | ||
| Q1 24 | 1.6% | 4.6% |
现金转化率CSGSJJSF
| Q4 25 | 8.46× | 40.73× | ||
| Q3 25 | 2.34× | 5.84× | ||
| Q2 25 | 3.04× | 1.16× | ||
| Q1 25 | 0.71× | 2.55× | ||
| Q4 24 | 2.39× | 6.84× | ||
| Q3 24 | 2.07× | 1.56× | ||
| Q2 24 | 3.12× | 1.79× | ||
| Q1 24 | -1.51× | 0.96× |
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% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
