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南玻集团（CSGS）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.2倍（$323.1M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 2.2%，领先144.6%），Liberty Broadband Corp同比增速更快（6.1% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $37.0M），过去两年南玻集团的营收复合增速更高（4.6% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
CSGS vs LBRDA — 直观对比
营收规模更大
CSGS
是对方的1.2倍
$261.0M
营收增速更快
LBRDA
高出4.1%
2.0%
净利率更高
LBRDA
高出144.6%
2.2%
自由现金流更多
CSGS
多$18.8M
$37.0M
两年增速更快
CSGS
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $261.0M |
| 净利润 | $7.0M | $383.0M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 15.7% |
| 净利率 | 2.2% | 146.7% |
| 营收同比 | 2.0% | 6.1% |
| 净利润同比 | -79.7% | 96.4% |
| 每股收益（稀释后） | $0.24 | $2.68 |
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CSGSLBRDA
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | — | ||
| Q2 25 | $297.1M | $261.0M | ||
| Q1 25 | $299.5M | $266.0M | ||
| Q4 24 | $316.7M | $263.0M | ||
| Q3 24 | $295.1M | $262.0M | ||
| Q2 24 | $290.3M | $246.0M | ||
| Q1 24 | $295.1M | $245.0M |
净利润CSGSLBRDA
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | — | ||
| Q2 25 | $12.3M | $383.0M | ||
| Q1 25 | $16.1M | $268.0M | ||
| Q4 24 | $34.5M | $291.0M | ||
| Q3 24 | $19.1M | $142.0M | ||
| Q2 24 | $13.8M | $195.0M | ||
| Q1 24 | $19.5M | $241.0M |
毛利率CSGSLBRDA
| 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% | — | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSLBRDA
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 10.0% | 15.7% | ||
| Q1 25 | 9.8% | 16.2% | ||
| Q4 24 | 13.4% | 4.9% | ||
| Q3 24 | 10.8% | 11.5% | ||
| Q2 24 | 8.8% | 8.5% | ||
| Q1 24 | 10.8% | 11.4% |
净利率CSGSLBRDA
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 4.1% | 146.7% | ||
| Q1 25 | 5.4% | 100.8% | ||
| Q4 24 | 10.9% | 110.6% | ||
| Q3 24 | 6.5% | 54.2% | ||
| Q2 24 | 4.8% | 79.3% | ||
| Q1 24 | 6.6% | 98.4% |
每股收益（稀释后）CSGSLBRDA
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | $2.68 | ||
| Q1 25 | $0.57 | $1.87 | ||
| Q4 24 | $1.20 | $2.04 | ||
| Q3 24 | $0.67 | $0.99 | ||
| Q2 24 | $0.48 | $1.36 | ||
| Q1 24 | $0.68 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | $539.5M | $3.1B |
| 股东权益账面价值 | $283.7M | $10.4B |
| 总资产 | $1.5B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CSGSLBRDA
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | $180.0M | ||
| Q1 25 | $136.0M | $226.0M | ||
| Q4 24 | $161.8M | $163.0M | ||
| Q3 24 | $118.4M | $168.0M | ||
| Q2 24 | $110.4M | $73.0M | ||
| Q1 24 | $120.8M | $108.0M |
总债务CSGSLBRDA
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | $3.1B | ||
| Q1 25 | $537.6M | $3.8B | ||
| Q4 24 | $538.5M | $3.8B | ||
| Q3 24 | $539.5M | $3.7B | ||
| Q2 24 | $540.5M | $3.6B | ||
| Q1 24 | $541.5M | $3.6B |
股东权益CSGSLBRDA
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | — | ||
| Q2 25 | $290.7M | $10.4B | ||
| Q1 25 | $283.1M | $10.1B | ||
| Q4 24 | $282.6M | $9.8B | ||
| Q3 24 | $288.4M | $9.5B | ||
| Q2 24 | $273.3M | $9.3B | ||
| Q1 24 | $269.3M | $9.1B |
总资产CSGSLBRDA
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $16.6B | ||
| Q1 25 | $1.4B | $17.0B | ||
| Q4 24 | $1.5B | $16.7B | ||
| Q3 24 | $1.4B | $16.3B | ||
| Q2 24 | $1.4B | $16.0B | ||
| Q1 24 | $1.3B | $15.7B |
负债/权益比CSGSLBRDA
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | 0.30× | ||
| Q1 25 | 1.90× | 0.38× | ||
| Q4 24 | 1.91× | 0.38× | ||
| Q3 24 | 1.87× | 0.39× | ||
| Q2 24 | 1.98× | 0.39× | ||
| Q1 24 | 2.01× | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $37.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 14.2% |
| 资本支出强度资本支出/营收 | 1.1% | 20.7% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流CSGSLBRDA
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $37.3M | $91.0M | ||
| Q1 25 | $11.5M | $78.0M | ||
| Q4 24 | $82.5M | $1.0M | ||
| Q3 24 | $39.5M | $24.0M | ||
| Q2 24 | $43.1M | $27.0M | ||
| Q1 24 | $-29.4M | $52.0M |
自由现金流CSGSLBRDA
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $37.0M | ||
| Q1 25 | $7.1M | $13.0M | ||
| Q4 24 | $76.6M | $-63.0M | ||
| Q3 24 | $32.0M | $-36.0M | ||
| Q2 24 | $38.8M | $-35.0M | ||
| Q1 24 | $-34.1M | $-9.0M |
自由现金流率CSGSLBRDA
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | 14.2% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 24.2% | -24.0% | ||
| Q3 24 | 10.8% | -13.7% | ||
| Q2 24 | 13.4% | -14.2% | ||
| Q1 24 | -11.6% | -3.7% |
资本支出强度CSGSLBRDA
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | 20.7% | ||
| Q1 25 | 1.5% | 24.4% | ||
| Q4 24 | 1.9% | 24.3% | ||
| Q3 24 | 2.5% | 22.9% | ||
| Q2 24 | 1.5% | 25.2% | ||
| Q1 24 | 1.6% | 24.9% |
现金转化率CSGSLBRDA
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 0.24× | ||
| Q1 25 | 0.71× | 0.29× | ||
| Q4 24 | 2.39× | 0.00× | ||
| Q3 24 | 2.07× | 0.17× | ||
| Q2 24 | 3.12× | 0.14× | ||
| Q1 24 | -1.51× | 0.22× |
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% |
LBRDA
暂无分部数据
