vs
南玻集团（CSGS）与Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.7倍（$323.1M vs $186.9M），Limbach Holdings, Inc.净利率更高（6.6% vs 2.2%，领先4.4%），Limbach Holdings, Inc.同比增速更快（30.1% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $27.9M），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% 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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
CSGS vs LMB — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$186.9M
营收增速更快
LMB
高出28.1%
2.0%
净利率更高
LMB
高出4.4%
2.2%
自由现金流更多
CSGS
多$27.9M
$27.9M
两年增速更快
LMB
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $186.9M |
| 净利润 | $7.0M | $12.3M |
| 毛利率 | 50.0% | 25.7% |
| 营业利润率 | 9.0% | 9.4% |
| 净利率 | 2.2% | 6.6% |
| 营收同比 | 2.0% | 30.1% |
| 净利润同比 | -79.7% | 25.0% |
| 每股收益（稀释后） | $0.24 | $1.01 |
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CSGSLMB
| Q4 25 | $323.1M | $186.9M | ||
| Q3 25 | $303.6M | $184.6M | ||
| Q2 25 | $297.1M | $142.2M | ||
| Q1 25 | $299.5M | $133.1M | ||
| Q4 24 | $316.7M | $143.7M | ||
| Q3 24 | $295.1M | $133.9M | ||
| Q2 24 | $290.3M | $122.2M | ||
| Q1 24 | $295.1M | $119.0M |
净利润CSGSLMB
| Q4 25 | $7.0M | $12.3M | ||
| Q3 25 | $20.5M | $8.8M | ||
| Q2 25 | $12.3M | $7.8M | ||
| Q1 25 | $16.1M | $10.2M | ||
| Q4 24 | $34.5M | $9.8M | ||
| Q3 24 | $19.1M | $7.5M | ||
| Q2 24 | $13.8M | $6.0M | ||
| Q1 24 | $19.5M | $7.6M |
毛利率CSGSLMB
| Q4 25 | 50.0% | 25.7% | ||
| Q3 25 | 48.1% | 24.2% | ||
| Q2 25 | 49.5% | 28.0% | ||
| Q1 25 | 48.4% | 27.6% | ||
| Q4 24 | 51.3% | 30.3% | ||
| Q3 24 | 49.4% | 27.0% | ||
| Q2 24 | 47.3% | 27.4% | ||
| Q1 24 | 46.5% | 26.1% |
营业利润率CSGSLMB
| Q4 25 | 9.0% | 9.4% | ||
| Q3 25 | 10.0% | 7.2% | ||
| Q2 25 | 10.0% | 7.5% | ||
| Q1 25 | 9.8% | 5.9% | ||
| Q4 24 | 13.4% | 9.1% | ||
| Q3 24 | 10.8% | 8.1% | ||
| Q2 24 | 8.8% | 6.7% | ||
| Q1 24 | 10.8% | 5.5% |
净利率CSGSLMB
| Q4 25 | 2.2% | 6.6% | ||
| Q3 25 | 6.7% | 4.8% | ||
| Q2 25 | 4.1% | 5.5% | ||
| Q1 25 | 5.4% | 7.7% | ||
| Q4 24 | 10.9% | 6.9% | ||
| Q3 24 | 6.5% | 5.6% | ||
| Q2 24 | 4.8% | 4.9% | ||
| Q1 24 | 6.6% | 6.4% |
每股收益（稀释后）CSGSLMB
| Q4 25 | $0.24 | $1.01 | ||
| Q3 25 | $0.73 | $0.73 | ||
| Q2 25 | $0.44 | $0.64 | ||
| Q1 25 | $0.57 | $0.85 | ||
| Q4 24 | $1.20 | $0.81 | ||
| Q3 24 | $0.67 | $0.62 | ||
| Q2 24 | $0.48 | $0.50 | ||
| Q1 24 | $0.68 | $0.64 |
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 | $11.3M |
| 总债务越低越好 | $539.5M | $30.5M |
| 股东权益账面价值 | $283.7M | $195.7M |
| 总资产 | $1.5B | $381.1M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资CSGSLMB
| Q4 25 | $180.0M | $11.3M | ||
| Q3 25 | $158.4M | $9.8M | ||
| Q2 25 | $145.9M | $38.9M | ||
| Q1 25 | $136.0M | $38.1M | ||
| Q4 24 | $161.8M | $44.9M | ||
| Q3 24 | $118.4M | $51.2M | ||
| Q2 24 | $110.4M | $59.5M | ||
| Q1 24 | $120.8M | $48.2M |
总债务CSGSLMB
| Q4 25 | $539.5M | $30.5M | ||
| Q3 25 | $538.6M | $56.3M | ||
| Q2 25 | $537.8M | $28.4M | ||
| Q1 25 | $537.6M | $23.7M | ||
| Q4 24 | $538.5M | $23.6M | ||
| Q3 24 | $539.5M | $20.5M | ||
| Q2 24 | $540.5M | $19.7M | ||
| Q1 24 | $541.5M | $19.4M |
股东权益CSGSLMB
| Q4 25 | $283.7M | $195.7M | ||
| Q3 25 | $289.5M | $181.6M | ||
| Q2 25 | $290.7M | $170.5M | ||
| Q1 25 | $283.1M | $161.1M | ||
| Q4 24 | $282.6M | $153.5M | ||
| Q3 24 | $288.4M | $142.2M | ||
| Q2 24 | $273.3M | $133.0M | ||
| Q1 24 | $269.3M | $125.5M |
总资产CSGSLMB
| Q4 25 | $1.5B | $381.1M | ||
| Q3 25 | $1.5B | $409.1M | ||
| Q2 25 | $1.4B | $343.0M | ||
| Q1 25 | $1.4B | $336.4M | ||
| Q4 24 | $1.5B | $352.1M | ||
| Q3 24 | $1.4B | $324.4M | ||
| Q2 24 | $1.4B | $303.9M | ||
| Q1 24 | $1.3B | $289.2M |
负债/权益比CSGSLMB
| Q4 25 | 1.90× | 0.16× | ||
| Q3 25 | 1.86× | 0.31× | ||
| Q2 25 | 1.85× | 0.17× | ||
| Q1 25 | 1.90× | 0.15× | ||
| Q4 24 | 1.91× | 0.15× | ||
| Q3 24 | 1.87× | 0.14× | ||
| Q2 24 | 1.98× | 0.15× | ||
| Q1 24 | 2.01× | 0.15× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $27.9M |
| 自由现金流率自由现金流/营收 | 17.3% | 14.9% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.29× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $41.9M |
8季度趋势，按日历期对齐
经营现金流CSGSLMB
| Q4 25 | $59.2M | $28.1M | ||
| Q3 25 | $47.9M | $13.3M | ||
| Q2 25 | $37.3M | $2.0M | ||
| Q1 25 | $11.5M | $2.2M | ||
| Q4 24 | $82.5M | $19.3M | ||
| Q3 24 | $39.5M | $4.9M | ||
| Q2 24 | $43.1M | $16.5M | ||
| Q1 24 | $-29.4M | $-3.9M |
自由现金流CSGSLMB
| Q4 25 | $55.8M | $27.9M | ||
| Q3 25 | $43.9M | $12.8M | ||
| Q2 25 | $34.6M | $1.2M | ||
| Q1 25 | $7.1M | $11.0K | ||
| Q4 24 | $76.6M | $18.0M | ||
| Q3 24 | $32.0M | $4.6M | ||
| Q2 24 | $38.8M | $13.2M | ||
| Q1 24 | $-34.1M | $-6.5M |
自由现金流率CSGSLMB
| Q4 25 | 17.3% | 14.9% | ||
| Q3 25 | 14.5% | 7.0% | ||
| Q2 25 | 11.6% | 0.8% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 24.2% | 12.5% | ||
| Q3 24 | 10.8% | 3.4% | ||
| Q2 24 | 13.4% | 10.8% | ||
| Q1 24 | -11.6% | -5.5% |
资本支出强度CSGSLMB
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 1.5% | 2.7% | ||
| Q1 24 | 1.6% | 2.1% |
现金转化率CSGSLMB
| Q4 25 | 8.46× | 2.29× | ||
| Q3 25 | 2.34× | 1.52× | ||
| Q2 25 | 3.04× | 0.26× | ||
| Q1 25 | 0.71× | 0.22× | ||
| Q4 24 | 2.39× | 1.96× | ||
| Q3 24 | 2.07× | 0.66× | ||
| Q2 24 | 3.12× | 2.77× | ||
| Q1 24 | -1.51× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
