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南玻集团（CSGS）与Kimco Realty（KIM）财务数据对比。点击上方公司名可切换其他公司
Kimco Realty的季度营收约是南玻集团的1.7倍（$558.0M vs $323.1M），Kimco Realty净利率更高（29.8% vs 2.2%，领先27.6%），Kimco Realty同比增速更快（4.0% vs 2.0%），过去两年Kimco Realty的营收复合增速更高（5.6% vs 4.6%）
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。
Kimco Realty是总部位于美国纽约州杰里科的房地产投资信托企业，核心投资领域为购物中心类商业地产，在商业不动产投资及运营领域积累了深厚的行业经验与资源优势。
CSGS vs KIM — 直观对比
营收规模更大
KIM
是对方的1.7倍
$323.1M
营收增速更快
KIM
高出2.0%
2.0%
净利率更高
KIM
高出27.6%
2.2%
两年增速更快
KIM
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $558.0M |
| 净利润 | $7.0M | $166.3M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 37.2% |
| 净利率 | 2.2% | 29.8% |
| 营收同比 | 2.0% | 4.0% |
| 净利润同比 | -79.7% | 23.7% |
| 每股收益（稀释后） | $0.24 | $0.46 |
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CSGSKIM
| Q1 26 | — | $558.0M | ||
| Q4 25 | $323.1M | $542.5M | ||
| Q3 25 | $303.6M | $535.9M | ||
| Q2 25 | $297.1M | $525.2M | ||
| Q1 25 | $299.5M | $536.6M | ||
| Q4 24 | $316.7M | $525.4M | ||
| Q3 24 | $295.1M | $507.6M | ||
| Q2 24 | $290.3M | $500.2M |
净利润CSGSKIM
| Q1 26 | — | $166.3M | ||
| Q4 25 | $7.0M | $151.2M | ||
| Q3 25 | $20.5M | $137.8M | ||
| Q2 25 | $12.3M | $163.0M | ||
| Q1 25 | $16.1M | $132.8M | ||
| Q4 24 | $34.5M | $166.0M | ||
| Q3 24 | $19.1M | $136.0M | ||
| Q2 24 | $13.8M | $119.7M |
毛利率CSGSKIM
| 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CSGSKIM
| Q1 26 | — | 37.2% | ||
| Q4 25 | 9.0% | 36.4% | ||
| Q3 25 | 10.0% | 34.9% | ||
| Q2 25 | 10.0% | 39.2% | ||
| Q1 25 | 9.8% | 33.6% | ||
| Q4 24 | 13.4% | 31.7% | ||
| Q3 24 | 10.8% | 33.7% | ||
| Q2 24 | 8.8% | 32.1% |
净利率CSGSKIM
| Q1 26 | — | 29.8% | ||
| Q4 25 | 2.2% | 27.9% | ||
| Q3 25 | 6.7% | 25.7% | ||
| Q2 25 | 4.1% | 31.0% | ||
| Q1 25 | 5.4% | 24.8% | ||
| Q4 24 | 10.9% | 31.6% | ||
| Q3 24 | 6.5% | 26.8% | ||
| Q2 24 | 4.8% | 23.9% |
每股收益（稀释后）CSGSKIM
| Q1 26 | — | $0.46 | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.48 | — |
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 | — |
| 股东权益账面价值 | $283.7M | $10.4B |
| 总资产 | $1.5B | $19.6B |
| 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CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | $211.6M | ||
| Q3 25 | $158.4M | $159.3M | ||
| Q2 25 | $145.9M | $226.6M | ||
| Q1 25 | $136.0M | $131.3M | ||
| Q4 24 | $161.8M | $688.6M | ||
| Q3 24 | $118.4M | $789.0M | ||
| Q2 24 | $110.4M | $126.4M |
总债务CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | $539.5M | $7.7B | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $8.0B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — |
股东权益CSGSKIM
| Q1 26 | — | $10.4B | ||
| Q4 25 | $283.7M | $10.4B | ||
| Q3 25 | $289.5M | $10.5B | ||
| Q2 25 | $290.7M | $10.5B | ||
| Q1 25 | $283.1M | $10.6B | ||
| Q4 24 | $282.6M | $10.7B | ||
| Q3 24 | $288.4M | $10.5B | ||
| Q2 24 | $273.3M | $10.6B |
总资产CSGSKIM
| Q1 26 | — | $19.6B | ||
| Q4 25 | $1.5B | $19.7B | ||
| Q3 25 | $1.5B | $19.9B | ||
| Q2 25 | $1.4B | $19.8B | ||
| Q1 25 | $1.4B | $19.7B | ||
| Q4 24 | $1.5B | $20.3B | ||
| Q3 24 | $1.4B | $20.1B | ||
| Q2 24 | $1.4B | $19.5B |
负债/权益比CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 0.74× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 0.75× | ||
| 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 | — |
| 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CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $258.4M | ||
| Q3 25 | $47.9M | $332.4M | ||
| Q2 25 | $37.3M | $305.4M | ||
| Q1 25 | $11.5M | $223.8M | ||
| Q4 24 | $82.5M | $239.5M | ||
| Q3 24 | $39.5M | $295.9M | ||
| Q2 24 | $43.1M | $294.1M |
自由现金流CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | $205.4M | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — |
自由现金流率CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | 38.3% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.0% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.5% | 3.4% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率CSGSKIM
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 1.71× | ||
| Q3 25 | 2.34× | 2.41× | ||
| Q2 25 | 3.04× | 1.87× | ||
| Q1 25 | 0.71× | 1.69× | ||
| Q4 24 | 2.39× | 1.44× | ||
| Q3 24 | 2.07× | 2.18× | ||
| Q2 24 | 3.12× | 2.46× |
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% |
KIM
| Revenues from rental properties, net | $552.8M | 99% |
| Management and other fee income | $5.2M | 1% |
