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南玻集团（CSGS）与Lemonade, Inc.（LMND）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Lemonade, Inc.的1.4倍（$323.1M vs $228.1M），南玻集团净利率更高（2.2% vs -9.5%，领先11.7%），Lemonade, Inc.同比增速更快（53.3% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-25.9M），过去两年Lemonade, Inc.的营收复合增速更高（38.4% 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。
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
CSGS vs LMND — 直观对比
营收规模更大
CSGS
是对方的1.4倍
$228.1M
营收增速更快
LMND
高出51.3%
2.0%
净利率更高
CSGS
高出11.7%
-9.5%
自由现金流更多
CSGS
多$81.7M
$-25.9M
两年增速更快
LMND
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $228.1M |
| 净利润 | $7.0M | $-21.7M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | -9.0% |
| 净利率 | 2.2% | -9.5% |
| 营收同比 | 2.0% | 53.3% |
| 净利润同比 | -79.7% | 27.7% |
| 每股收益（稀释后） | $0.24 | $-0.27 |
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CSGSLMND
| Q4 25 | $323.1M | $228.1M | ||
| Q3 25 | $303.6M | $194.5M | ||
| Q2 25 | $297.1M | $164.1M | ||
| Q1 25 | $299.5M | $151.2M | ||
| Q4 24 | $316.7M | $148.8M | ||
| Q3 24 | $295.1M | $136.6M | ||
| Q2 24 | $290.3M | $122.0M | ||
| Q1 24 | $295.1M | $119.1M |
净利润CSGSLMND
| Q4 25 | $7.0M | $-21.7M | ||
| Q3 25 | $20.5M | $-37.5M | ||
| Q2 25 | $12.3M | $-43.9M | ||
| Q1 25 | $16.1M | $-62.4M | ||
| Q4 24 | $34.5M | $-30.0M | ||
| Q3 24 | $19.1M | $-67.7M | ||
| Q2 24 | $13.8M | $-57.2M | ||
| Q1 24 | $19.5M | $-47.3M |
毛利率CSGSLMND
| 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CSGSLMND
| Q4 25 | 9.0% | -9.0% | ||
| Q3 25 | 10.0% | -18.7% | ||
| Q2 25 | 10.0% | -26.0% | ||
| Q1 25 | 9.8% | -40.6% | ||
| Q4 24 | 13.4% | -25.4% | ||
| Q3 24 | 10.8% | -48.2% | ||
| Q2 24 | 8.8% | -45.2% | ||
| Q1 24 | 10.8% | -38.0% |
净利率CSGSLMND
| Q4 25 | 2.2% | -9.5% | ||
| Q3 25 | 6.7% | -19.3% | ||
| Q2 25 | 4.1% | -26.8% | ||
| Q1 25 | 5.4% | -41.3% | ||
| Q4 24 | 10.9% | -20.2% | ||
| Q3 24 | 6.5% | -49.6% | ||
| Q2 24 | 4.8% | -46.9% | ||
| Q1 24 | 6.6% | -39.7% |
每股收益（稀释后）CSGSLMND
| Q4 25 | $0.24 | $-0.27 | ||
| Q3 25 | $0.73 | $-0.51 | ||
| Q2 25 | $0.44 | $-0.60 | ||
| Q1 25 | $0.57 | $-0.86 | ||
| Q4 24 | $1.20 | $-0.42 | ||
| Q3 24 | $0.67 | $-0.95 | ||
| Q2 24 | $0.48 | $-0.81 | ||
| Q1 24 | $0.68 | $-0.67 |
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 | $399.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $533.6M |
| 总资产 | $1.5B | $1.9B |
| 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CSGSLMND
| Q4 25 | $180.0M | $399.1M | ||
| Q3 25 | $158.4M | $369.4M | ||
| Q2 25 | $145.9M | $398.8M | ||
| Q1 25 | $136.0M | $329.7M | ||
| Q4 24 | $161.8M | $403.5M | ||
| Q3 24 | $118.4M | $360.9M | ||
| Q2 24 | $110.4M | $387.2M | ||
| Q1 24 | $120.8M | $300.8M |
总债务CSGSLMND
| 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CSGSLMND
| Q4 25 | $283.7M | $533.6M | ||
| Q3 25 | $289.5M | $516.2M | ||
| Q2 25 | $290.7M | $527.1M | ||
| Q1 25 | $283.1M | $545.5M | ||
| Q4 24 | $282.6M | $593.4M | ||
| Q3 24 | $288.4M | $593.0M | ||
| Q2 24 | $273.3M | $635.2M | ||
| Q1 24 | $269.3M | $676.4M |
总资产CSGSLMND
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.3B | $1.6B |
负债/权益比CSGSLMND
| 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 | $-16.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-25.9M |
| 自由现金流率自由现金流/营收 | 17.3% | -11.4% |
| 资本支出强度资本支出/营收 | 1.1% | 4.1% |
| 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 | $-69.4M |
8季度趋势，按日历期对齐
经营现金流CSGSLMND
| Q4 25 | $59.2M | $-16.5M | ||
| Q3 25 | $47.9M | $4.5M | ||
| Q2 25 | $37.3M | $5.5M | ||
| Q1 25 | $11.5M | $-47.2M | ||
| Q4 24 | $82.5M | $-11.4M | ||
| Q3 24 | $39.5M | $16.3M | ||
| Q2 24 | $43.1M | $-11.7M | ||
| Q1 24 | $-29.4M | $-29.8M |
自由现金流CSGSLMND
| Q4 25 | $55.8M | $-25.9M | ||
| Q3 25 | $43.9M | $2.6M | ||
| Q2 25 | $34.6M | $3.4M | ||
| Q1 25 | $7.1M | $-49.5M | ||
| Q4 24 | $76.6M | $-20.8M | ||
| Q3 24 | $32.0M | $14.1M | ||
| Q2 24 | $38.8M | $-13.2M | ||
| Q1 24 | $-34.1M | $-32.3M |
自由现金流率CSGSLMND
| Q4 25 | 17.3% | -11.4% | ||
| Q3 25 | 14.5% | 1.3% | ||
| Q2 25 | 11.6% | 2.1% | ||
| Q1 25 | 2.4% | -32.7% | ||
| Q4 24 | 24.2% | -14.0% | ||
| Q3 24 | 10.8% | 10.3% | ||
| Q2 24 | 13.4% | -10.8% | ||
| Q1 24 | -11.6% | -27.1% |
资本支出强度CSGSLMND
| Q4 25 | 1.1% | 4.1% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 1.5% | 1.5% | ||
| Q4 24 | 1.9% | 6.3% | ||
| Q3 24 | 2.5% | 1.6% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 1.6% | 2.1% |
现金转化率CSGSLMND
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| 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% |
LMND
暂无分部数据
