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南玻集团（CSGS）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
迈心诺的季度营收约是南玻集团的1.1倍（$371.5M vs $323.1M），南玻集团净利率更高（2.2% vs -27.0%，领先29.2%），南玻集团同比增速更快（2.0% vs -26.4%），南玻集团自由现金流更多（$55.8M vs $50.9M），过去两年南玻集团的营收复合增速更高（4.6% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
CSGS vs MASI — 直观对比
营收规模更大
MASI
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出28.4%
-26.4%
净利率更高
CSGS
高出29.2%
-27.0%
自由现金流更多
CSGS
多$4.9M
$50.9M
两年增速更快
CSGS
近两年复合增速
-17.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $371.5M |
| 净利润 | $7.0M | $-100.4M |
| 毛利率 | 50.0% | 62.1% |
| 营业利润率 | 9.0% | 22.5% |
| 净利率 | 2.2% | -27.0% |
| 营收同比 | 2.0% | -26.4% |
| 净利润同比 | -79.7% | -1124.5% |
| 每股收益（稀释后） | $0.24 | $-1.84 |
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CSGSMASI
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | $371.5M | ||
| Q2 25 | $297.1M | $370.9M | ||
| Q1 25 | $299.5M | $372.0M | ||
| Q4 24 | $316.7M | $600.7M | ||
| Q3 24 | $295.1M | $504.6M | ||
| Q2 24 | $290.3M | $496.3M | ||
| Q1 24 | $295.1M | $492.8M |
净利润CSGSMASI
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-100.4M | ||
| Q2 25 | $12.3M | $51.3M | ||
| Q1 25 | $16.1M | $-170.7M | ||
| Q4 24 | $34.5M | $-349.6M | ||
| Q3 24 | $19.1M | $9.8M | ||
| Q2 24 | $13.8M | $16.0M | ||
| Q1 24 | $19.5M | $18.9M |
毛利率CSGSMASI
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | 62.1% | ||
| Q2 25 | 49.5% | 62.9% | ||
| Q1 25 | 48.4% | 62.9% | ||
| Q4 24 | 51.3% | 40.7% | ||
| Q3 24 | 49.4% | 52.2% | ||
| Q2 24 | 47.3% | 51.3% | ||
| Q1 24 | 46.5% | 49.0% |
营业利润率CSGSMASI
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | 22.5% | ||
| Q2 25 | 10.0% | 17.4% | ||
| Q1 25 | 9.8% | 21.0% | ||
| Q4 24 | 13.4% | -59.8% | ||
| Q3 24 | 10.8% | 6.0% | ||
| Q2 24 | 8.8% | 5.7% | ||
| Q1 24 | 10.8% | 6.9% |
净利率CSGSMASI
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -27.0% | ||
| Q2 25 | 4.1% | 13.8% | ||
| Q1 25 | 5.4% | -45.9% | ||
| Q4 24 | 10.9% | -58.2% | ||
| Q3 24 | 6.5% | 1.9% | ||
| Q2 24 | 4.8% | 3.2% | ||
| Q1 24 | 6.6% | 3.8% |
每股收益（稀释后）CSGSMASI
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | $-1.84 | ||
| Q2 25 | $0.44 | $0.94 | ||
| Q1 25 | $0.57 | $-3.12 | ||
| Q4 24 | $1.20 | $-6.54 | ||
| Q3 24 | $0.67 | $0.18 | ||
| Q2 24 | $0.48 | $0.29 | ||
| Q1 24 | $0.68 | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $539.5M | $559.1M |
| 股东权益账面价值 | $283.7M | $810.0M |
| 总资产 | $1.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CSGSMASI
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | $312.3M | ||
| Q2 25 | $145.9M | $149.6M | ||
| Q1 25 | $136.0M | $130.8M | ||
| Q4 24 | $161.8M | $177.6M | ||
| Q3 24 | $118.4M | $158.5M | ||
| Q2 24 | $110.4M | $129.6M | ||
| Q1 24 | $120.8M | $157.6M |
总债务CSGSMASI
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | $559.1M | ||
| Q2 25 | $537.8M | $613.7M | ||
| Q1 25 | $537.6M | $651.0M | ||
| Q4 24 | $538.5M | $765.2M | ||
| Q3 24 | $539.5M | $772.6M | ||
| Q2 24 | $540.5M | $781.6M | ||
| Q1 24 | $541.5M | $876.0M |
股东权益CSGSMASI
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | $810.0M | ||
| Q2 25 | $290.7M | $1.0B | ||
| Q1 25 | $283.1M | $946.4M | ||
| Q4 24 | $282.6M | $1.1B | ||
| Q3 24 | $288.4M | $1.5B | ||
| Q2 24 | $273.3M | $1.4B | ||
| Q1 24 | $269.3M | $1.4B |
总资产CSGSMASI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.3B | $3.0B |
负债/权益比CSGSMASI
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | 0.69× | ||
| Q2 25 | 1.85× | 0.59× | ||
| Q1 25 | 1.90× | 0.69× | ||
| Q4 24 | 1.91× | 0.73× | ||
| Q3 24 | 1.87× | 0.53× | ||
| Q2 24 | 1.98× | 0.57× | ||
| Q1 24 | 2.01× | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $50.9M |
| 自由现金流率自由现金流/营收 | 17.3% | 13.7% |
| 资本支出强度资本支出/营收 | 1.1% | 1.6% |
| 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 | $191.0M |
8季度趋势，按日历期对齐
经营现金流CSGSMASI
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | $56.8M | ||
| Q2 25 | $37.3M | $69.4M | ||
| Q1 25 | $11.5M | $31.1M | ||
| Q4 24 | $82.5M | $50.5M | ||
| Q3 24 | $39.5M | $25.6M | ||
| Q2 24 | $43.1M | $74.5M | ||
| Q1 24 | $-29.4M | $45.8M |
自由现金流CSGSMASI
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | $50.9M | ||
| Q2 25 | $34.6M | $65.6M | ||
| Q1 25 | $7.1M | $28.5M | ||
| Q4 24 | $76.6M | $46.0M | ||
| Q3 24 | $32.0M | $16.9M | ||
| Q2 24 | $38.8M | $66.9M | ||
| Q1 24 | $-34.1M | $37.6M |
自由现金流率CSGSMASI
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | 13.7% | ||
| Q2 25 | 11.6% | 17.7% | ||
| Q1 25 | 2.4% | 7.7% | ||
| Q4 24 | 24.2% | 7.7% | ||
| Q3 24 | 10.8% | 3.3% | ||
| Q2 24 | 13.4% | 13.5% | ||
| Q1 24 | -11.6% | 7.6% |
资本支出强度CSGSMASI
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 1.5% | 0.7% | ||
| Q4 24 | 1.9% | 0.7% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 1.5% | 1.5% | ||
| Q1 24 | 1.6% | 1.7% |
现金转化率CSGSMASI
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 1.35× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 2.61× | ||
| Q2 24 | 3.12× | 4.66× | ||
| Q1 24 | -1.51× | 2.42× |
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% |
MASI
暂无分部数据
