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南玻集团（CSGS）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是南玻集团的1.8倍（$566.0M vs $323.1M），南玻集团净利率更高（2.2% vs -1.4%，领先3.6%），南玻集团同比增速更快（2.0% vs -16.9%），南玻集团自由现金流更多（$55.8M vs $-8.0M），过去两年南玻集团的营收复合增速更高（4.6% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
CSGS vs LPX — 直观对比
营收规模更大
LPX
是对方的1.8倍
$323.1M
营收增速更快
CSGS
高出18.9%
-16.9%
净利率更高
CSGS
高出3.6%
-1.4%
自由现金流更多
CSGS
多$63.8M
$-8.0M
两年增速更快
CSGS
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $566.0M |
| 净利润 | $7.0M | $-8.0M |
| 毛利率 | 50.0% | 15.0% |
| 营业利润率 | 9.0% | -1.6% |
| 净利率 | 2.2% | -1.4% |
| 营收同比 | 2.0% | -16.9% |
| 净利润同比 | -79.7% | -112.9% |
| 每股收益（稀释后） | $0.24 | $-0.12 |
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CSGSLPX
| Q4 25 | $323.1M | $566.0M | ||
| Q3 25 | $303.6M | $663.0M | ||
| Q2 25 | $297.1M | $755.0M | ||
| Q1 25 | $299.5M | $724.0M | ||
| Q4 24 | $316.7M | $681.0M | ||
| Q3 24 | $295.1M | $722.0M | ||
| Q2 24 | $290.3M | $814.0M | ||
| Q1 24 | $295.1M | $724.0M |
净利润CSGSLPX
| Q4 25 | $7.0M | $-8.0M | ||
| Q3 25 | $20.5M | $9.0M | ||
| Q2 25 | $12.3M | $54.0M | ||
| Q1 25 | $16.1M | $91.0M | ||
| Q4 24 | $34.5M | $62.0M | ||
| Q3 24 | $19.1M | $90.0M | ||
| Q2 24 | $13.8M | $160.0M | ||
| Q1 24 | $19.5M | $108.0M |
毛利率CSGSLPX
| Q4 25 | 50.0% | 15.0% | ||
| Q3 25 | 48.1% | 19.5% | ||
| Q2 25 | 49.5% | 23.6% | ||
| Q1 25 | 48.4% | 27.2% | ||
| Q4 24 | 51.3% | 23.8% | ||
| Q3 24 | 49.4% | 26.7% | ||
| Q2 24 | 47.3% | 32.3% | ||
| Q1 24 | 46.5% | 29.6% |
营业利润率CSGSLPX
| Q4 25 | 9.0% | -1.6% | ||
| Q3 25 | 10.0% | 2.7% | ||
| Q2 25 | 10.0% | 10.6% | ||
| Q1 25 | 9.8% | 16.6% | ||
| Q4 24 | 13.4% | 11.0% | ||
| Q3 24 | 10.8% | 16.1% | ||
| Q2 24 | 8.8% | 23.8% | ||
| Q1 24 | 10.8% | 20.0% |
净利率CSGSLPX
| Q4 25 | 2.2% | -1.4% | ||
| Q3 25 | 6.7% | 1.4% | ||
| Q2 25 | 4.1% | 7.2% | ||
| Q1 25 | 5.4% | 12.6% | ||
| Q4 24 | 10.9% | 9.1% | ||
| Q3 24 | 6.5% | 12.5% | ||
| Q2 24 | 4.8% | 19.7% | ||
| Q1 24 | 6.6% | 14.9% |
每股收益（稀释后）CSGSLPX
| Q4 25 | $0.24 | $-0.12 | ||
| Q3 25 | $0.73 | $0.13 | ||
| Q2 25 | $0.44 | $0.77 | ||
| Q1 25 | $0.57 | $1.30 | ||
| Q4 24 | $1.20 | $0.90 | ||
| Q3 24 | $0.67 | $1.28 | ||
| Q2 24 | $0.48 | $2.23 | ||
| Q1 24 | $0.68 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $539.5M | $348.0M |
| 股东权益账面价值 | $283.7M | $1.7B |
| 总资产 | $1.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资CSGSLPX
| Q4 25 | $180.0M | $292.0M | ||
| Q3 25 | $158.4M | $316.0M | ||
| Q2 25 | $145.9M | $333.0M | ||
| Q1 25 | $136.0M | $256.0M | ||
| Q4 24 | $161.8M | $340.0M | ||
| Q3 24 | $118.4M | $346.0M | ||
| Q2 24 | $110.4M | $317.0M | ||
| Q1 24 | $120.8M | $244.0M |
总债务CSGSLPX
| Q4 25 | $539.5M | $348.0M | ||
| Q3 25 | $538.6M | $348.0M | ||
| Q2 25 | $537.8M | $348.0M | ||
| Q1 25 | $537.6M | $348.0M | ||
| Q4 24 | $538.5M | $348.0M | ||
| Q3 24 | $539.5M | $347.0M | ||
| Q2 24 | $540.5M | $347.0M | ||
| Q1 24 | $541.5M | $347.0M |
股东权益CSGSLPX
| Q4 25 | $283.7M | $1.7B | ||
| Q3 25 | $289.5M | $1.7B | ||
| Q2 25 | $290.7M | $1.7B | ||
| Q1 25 | $283.1M | $1.7B | ||
| Q4 24 | $282.6M | $1.7B | ||
| Q3 24 | $288.4M | $1.7B | ||
| Q2 24 | $273.3M | $1.7B | ||
| Q1 24 | $269.3M | $1.6B |
总资产CSGSLPX
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.5B | ||
| Q1 24 | $1.3B | $2.5B |
负债/权益比CSGSLPX
| Q4 25 | 1.90× | 0.20× | ||
| Q3 25 | 1.86× | 0.20× | ||
| Q2 25 | 1.85× | 0.20× | ||
| Q1 25 | 1.90× | 0.21× | ||
| Q4 24 | 1.91× | 0.21× | ||
| Q3 24 | 1.87× | 0.21× | ||
| Q2 24 | 1.98× | 0.21× | ||
| Q1 24 | 2.01× | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-8.0M |
| 自由现金流率自由现金流/营收 | 17.3% | -1.4% |
| 资本支出强度资本支出/营收 | 1.1% | 13.3% |
| 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 | $91.0M |
8季度趋势，按日历期对齐
经营现金流CSGSLPX
| Q4 25 | $59.2M | $67.0M | ||
| Q3 25 | $47.9M | $89.0M | ||
| Q2 25 | $37.3M | $162.0M | ||
| Q1 25 | $11.5M | $64.0M | ||
| Q4 24 | $82.5M | $105.0M | ||
| Q3 24 | $39.5M | $183.0M | ||
| Q2 24 | $43.1M | $212.0M | ||
| Q1 24 | $-29.4M | $105.0M |
自由现金流CSGSLPX
| Q4 25 | $55.8M | $-8.0M | ||
| Q3 25 | $43.9M | $5.0M | ||
| Q2 25 | $34.6M | $94.0M | ||
| Q1 25 | $7.1M | $0 | ||
| Q4 24 | $76.6M | $43.0M | ||
| Q3 24 | $32.0M | $139.0M | ||
| Q2 24 | $38.8M | $176.0M | ||
| Q1 24 | $-34.1M | $64.0M |
自由现金流率CSGSLPX
| Q4 25 | 17.3% | -1.4% | ||
| Q3 25 | 14.5% | 0.8% | ||
| Q2 25 | 11.6% | 12.5% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 24.2% | 6.3% | ||
| Q3 24 | 10.8% | 19.3% | ||
| Q2 24 | 13.4% | 21.6% | ||
| Q1 24 | -11.6% | 8.8% |
资本支出强度CSGSLPX
| Q4 25 | 1.1% | 13.3% | ||
| Q3 25 | 1.3% | 12.7% | ||
| Q2 25 | 0.9% | 9.0% | ||
| Q1 25 | 1.5% | 8.8% | ||
| Q4 24 | 1.9% | 9.1% | ||
| Q3 24 | 2.5% | 6.1% | ||
| Q2 24 | 1.5% | 4.4% | ||
| Q1 24 | 1.6% | 5.7% |
现金转化率CSGSLPX
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 9.89× | ||
| Q2 25 | 3.04× | 3.00× | ||
| Q1 25 | 0.71× | 0.70× | ||
| Q4 24 | 2.39× | 1.69× | ||
| Q3 24 | 2.07× | 2.03× | ||
| Q2 24 | 3.12× | 1.32× | ||
| Q1 24 | -1.51× | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
