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南玻集团（CSGS）与loanDepot, Inc.（LDI）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loanDepot, Inc.的1.0倍（$323.1M vs $310.3M），南玻集团净利率更高（2.2% vs -7.2%，领先9.4%），loanDepot, Inc.同比增速更快（20.5% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-648.0M），过去两年loanDepot, Inc.的营收复合增速更高（18.0% 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。
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
CSGS vs LDI — 直观对比
营收规模更大
CSGS
是对方的1.0倍
$310.3M
营收增速更快
LDI
高出18.5%
2.0%
净利率更高
CSGS
高出9.4%
-7.2%
自由现金流更多
CSGS
多$703.8M
$-648.0M
两年增速更快
LDI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $310.3M |
| 净利润 | $7.0M | $-22.5M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | -10.3% |
| 净利率 | 2.2% | -7.2% |
| 营收同比 | 2.0% | 20.5% |
| 净利润同比 | -79.7% | 32.4% |
| 每股收益（稀释后） | $0.24 | — |
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CSGSLDI
| Q4 25 | $323.1M | $310.3M | ||
| Q3 25 | $303.6M | $323.3M | ||
| Q2 25 | $297.1M | $282.5M | ||
| Q1 25 | $299.5M | $273.6M | ||
| Q4 24 | $316.7M | $257.5M | ||
| Q3 24 | $295.1M | $314.6M | ||
| Q2 24 | $290.3M | $265.4M | ||
| Q1 24 | $295.1M | $222.8M |
净利润CSGSLDI
| Q4 25 | $7.0M | $-22.5M | ||
| Q3 25 | $20.5M | $-4.9M | ||
| Q2 25 | $12.3M | $-13.4M | ||
| Q1 25 | $16.1M | $-21.9M | ||
| Q4 24 | $34.5M | $-33.2M | ||
| Q3 24 | $19.1M | $1.4M | ||
| Q2 24 | $13.8M | $-32.2M | ||
| Q1 24 | $19.5M | $-34.3M |
毛利率CSGSLDI
| 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CSGSLDI
| Q4 25 | 9.0% | -10.3% | ||
| Q3 25 | 10.0% | -3.2% | ||
| Q2 25 | 10.0% | -11.4% | ||
| Q1 25 | 9.8% | -16.8% | ||
| Q4 24 | 13.4% | -32.7% | ||
| Q3 24 | 10.8% | 1.1% | ||
| Q2 24 | 8.8% | -29.1% | ||
| Q1 24 | 10.8% | -38.2% |
净利率CSGSLDI
| Q4 25 | 2.2% | -7.2% | ||
| Q3 25 | 6.7% | -1.5% | ||
| Q2 25 | 4.1% | -4.7% | ||
| Q1 25 | 5.4% | -8.0% | ||
| Q4 24 | 10.9% | -12.9% | ||
| Q3 24 | 6.5% | 0.4% | ||
| Q2 24 | 4.8% | -12.1% | ||
| Q1 24 | 6.6% | -15.4% |
每股收益（稀释后）CSGSLDI
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | $0.01 | ||
| Q2 24 | $0.48 | $-0.18 | ||
| Q1 24 | $0.68 | $-0.19 |
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 | $337.2M |
| 总债务越低越好 | $539.5M | $2.1B |
| 股东权益账面价值 | $283.7M | $386.0M |
| 总资产 | $1.5B | $6.9B |
| 负债/权益比越低杠杆越低 | 1.90× | 5.44× |
8季度趋势，按日历期对齐
现金及短期投资CSGSLDI
| Q4 25 | $180.0M | $337.2M | ||
| Q3 25 | $158.4M | $459.2M | ||
| Q2 25 | $145.9M | $408.6M | ||
| Q1 25 | $136.0M | $371.5M | ||
| Q4 24 | $161.8M | $421.6M | ||
| Q3 24 | $118.4M | $483.0M | ||
| Q2 24 | $110.4M | $533.2M | ||
| Q1 24 | $120.8M | $603.7M |
总债务CSGSLDI
| Q4 25 | $539.5M | $2.1B | ||
| Q3 25 | $538.6M | $2.1B | ||
| Q2 25 | $537.8M | $2.1B | ||
| Q1 25 | $537.6M | $2.0B | ||
| Q4 24 | $538.5M | $2.0B | ||
| Q3 24 | $539.5M | $2.0B | ||
| Q2 24 | $540.5M | $2.0B | ||
| Q1 24 | $541.5M | $2.3B |
股东权益CSGSLDI
| Q4 25 | $283.7M | $386.0M | ||
| Q3 25 | $289.5M | $433.3M | ||
| Q2 25 | $290.7M | $439.1M | ||
| Q1 25 | $283.1M | $469.3M | ||
| Q4 24 | $282.6M | $506.6M | ||
| Q3 24 | $288.4M | $592.0M | ||
| Q2 24 | $273.3M | $578.9M | ||
| Q1 24 | $269.3M | $637.3M |
总资产CSGSLDI
| Q4 25 | $1.5B | $6.9B | ||
| Q3 25 | $1.5B | $6.2B | ||
| Q2 25 | $1.4B | $6.2B | ||
| Q1 25 | $1.4B | $6.4B | ||
| Q4 24 | $1.5B | $6.3B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | $1.4B | $5.9B | ||
| Q1 24 | $1.3B | $6.2B |
负债/权益比CSGSLDI
| Q4 25 | 1.90× | 5.44× | ||
| Q3 25 | 1.86× | 4.83× | ||
| Q2 25 | 1.85× | 4.70× | ||
| Q1 25 | 1.90× | 4.30× | ||
| Q4 24 | 1.91× | 4.00× | ||
| Q3 24 | 1.87× | 3.31× | ||
| Q2 24 | 1.98× | 3.41× | ||
| Q1 24 | 2.01× | 3.63× |
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 | $-638.7M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-648.0M |
| 自由现金流率自由现金流/营收 | 17.3% | -208.9% |
| 资本支出强度资本支出/营收 | 1.1% | 3.0% |
| 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 | $-734.6M |
8季度趋势，按日历期对齐
经营现金流CSGSLDI
| Q4 25 | $59.2M | $-638.7M | ||
| Q3 25 | $47.9M | $43.4M | ||
| Q2 25 | $37.3M | $67.6M | ||
| Q1 25 | $11.5M | $-179.9M | ||
| Q4 24 | $82.5M | $47.7M | ||
| Q3 24 | $39.5M | $-349.2M | ||
| Q2 24 | $43.1M | $-278.3M | ||
| Q1 24 | $-29.4M | $-278.5M |
自由现金流CSGSLDI
| Q4 25 | $55.8M | $-648.0M | ||
| Q3 25 | $43.9M | $38.7M | ||
| Q2 25 | $34.6M | $61.4M | ||
| Q1 25 | $7.1M | $-186.7M | ||
| Q4 24 | $76.6M | $40.8M | ||
| Q3 24 | $32.0M | $-356.4M | ||
| Q2 24 | $38.8M | $-285.7M | ||
| Q1 24 | $-34.1M | $-283.3M |
自由现金流率CSGSLDI
| Q4 25 | 17.3% | -208.9% | ||
| Q3 25 | 14.5% | 12.0% | ||
| Q2 25 | 11.6% | 21.7% | ||
| Q1 25 | 2.4% | -68.2% | ||
| Q4 24 | 24.2% | 15.8% | ||
| Q3 24 | 10.8% | -113.3% | ||
| Q2 24 | 13.4% | -107.7% | ||
| Q1 24 | -11.6% | -127.2% |
资本支出强度CSGSLDI
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 1.5% | 2.5% | ||
| Q4 24 | 1.9% | 2.7% | ||
| Q3 24 | 2.5% | 2.3% | ||
| Q2 24 | 1.5% | 2.8% | ||
| Q1 24 | 1.6% | 2.1% |
现金转化率CSGSLDI
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | -255.05× | ||
| Q2 24 | 3.12× | — | ||
| Q1 24 | -1.51× | — |
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% |
LDI
暂无分部数据
