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南玻集团（CSGS）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
NATIONAL FUEL GAS CO的季度营收约是南玻集团的1.3倍（$425.9M vs $323.1M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 2.2%，领先33.5%），南玻集团同比增速更快（2.0% vs 1.7%），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（12.1% 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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
CSGS vs NFG — 直观对比
营收规模更大
NFG
是对方的1.3倍
$323.1M
营收增速更快
CSGS
高出0.3%
1.7%
净利率更高
NFG
高出33.5%
2.2%
两年增速更快
NFG
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $425.9M |
| 净利润 | $7.0M | $152.0M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 81.5% |
| 净利率 | 2.2% | 35.7% |
| 营收同比 | 2.0% | 1.7% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $1.59 |
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CSGSNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $323.1M | $637.9M | ||
| Q3 25 | $303.6M | $443.1M | ||
| Q2 25 | $297.1M | $527.4M | ||
| Q1 25 | $299.5M | $734.8M | ||
| Q4 24 | $316.7M | $513.8M | ||
| Q3 24 | $295.1M | $310.0M | ||
| Q2 24 | $290.3M | $338.6M |
净利润CSGSNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $7.0M | $181.6M | ||
| Q3 25 | $20.5M | $107.3M | ||
| Q2 25 | $12.3M | $149.8M | ||
| Q1 25 | $16.1M | $216.4M | ||
| Q4 24 | $34.5M | $45.0M | ||
| Q3 24 | $19.1M | $-167.6M | ||
| Q2 24 | $13.8M | $-54.2M |
毛利率CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | 50.0% | 86.6% | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | 94.7% | ||
| Q1 25 | 48.4% | 81.6% | ||
| Q4 24 | 51.3% | 87.3% | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 47.3% | 98.5% |
营业利润率CSGSNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 9.0% | 43.3% | ||
| Q3 25 | 10.0% | 40.6% | ||
| Q2 25 | 10.0% | 43.7% | ||
| Q1 25 | 9.8% | 43.2% | ||
| Q4 24 | 13.4% | 16.8% | ||
| Q3 24 | 10.8% | -63.4% | ||
| Q2 24 | 8.8% | -15.2% |
净利率CSGSNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 2.2% | 28.5% | ||
| Q3 25 | 6.7% | 24.2% | ||
| Q2 25 | 4.1% | 28.4% | ||
| Q1 25 | 5.4% | 29.4% | ||
| Q4 24 | 10.9% | 8.8% | ||
| Q3 24 | 6.5% | -54.1% | ||
| Q2 24 | 4.8% | -16.0% |
每股收益（稀释后）CSGSNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.24 | $1.98 | ||
| Q3 25 | $0.73 | $1.18 | ||
| Q2 25 | $0.44 | $1.64 | ||
| Q1 25 | $0.57 | $2.37 | ||
| Q4 24 | $1.20 | $0.49 | ||
| Q3 24 | $0.67 | $-1.81 | ||
| Q2 24 | $0.48 | $-0.59 |
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 | — |
| 总债务越低越好 | $539.5M | $300.0M |
| 股东权益账面价值 | $283.7M | — |
| 总资产 | $1.5B | $9.1B |
| 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CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | $271.4M | ||
| Q3 25 | $158.4M | $43.2M | ||
| Q2 25 | $145.9M | $39.3M | ||
| Q1 25 | $136.0M | $40.0M | ||
| Q4 24 | $161.8M | $48.7M | ||
| Q3 24 | $118.4M | $38.2M | ||
| Q2 24 | $110.4M | $81.4M |
总债务CSGSNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | $539.5M | $2.7B | ||
| Q3 25 | $538.6M | $2.7B | ||
| Q2 25 | $537.8M | $2.7B | ||
| Q1 25 | $537.6M | $2.7B | ||
| Q4 24 | $538.5M | $2.7B | ||
| Q3 24 | $539.5M | $2.7B | ||
| Q2 24 | $540.5M | $2.7B |
股东权益CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | $283.7M | $3.6B | ||
| Q3 25 | $289.5M | $3.1B | ||
| Q2 25 | $290.7M | $3.0B | ||
| Q1 25 | $283.1M | $2.8B | ||
| Q4 24 | $282.6M | $-76.2M | ||
| Q3 24 | $288.4M | $-15.5M | ||
| Q2 24 | $273.3M | $5.0M |
总资产CSGSNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.5B | $9.2B | ||
| Q3 25 | $1.5B | $8.7B | ||
| Q2 25 | $1.4B | $8.4B | ||
| Q1 25 | $1.4B | $8.5B | ||
| Q4 24 | $1.5B | $8.3B | ||
| Q3 24 | $1.4B | $8.3B | ||
| Q2 24 | $1.4B | $8.5B |
负债/权益比CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 0.75× | ||
| Q3 25 | 1.86× | 0.87× | ||
| Q2 25 | 1.85× | 0.90× | ||
| Q1 25 | 1.90× | 0.99× | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | 532.10× |
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 | $657.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | 117.0% |
| 现金转化率经营现金流/净利润 | 8.46× | 4.32× |
| 过去12个月自由现金流最近4个季度 | $141.4M | — |
8季度趋势，按日历期对齐
经营现金流CSGSNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $59.2M | $274.9M | ||
| Q3 25 | $47.9M | $237.8M | ||
| Q2 25 | $37.3M | $388.4M | ||
| Q1 25 | $11.5M | $253.8M | ||
| Q4 24 | $82.5M | $220.1M | ||
| Q3 24 | $39.5M | $197.9M | ||
| Q2 24 | $43.1M | $281.8M |
自由现金流CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $-2.7M | ||
| Q3 25 | $43.9M | $-47.8M | ||
| Q2 25 | $34.6M | $195.3M | ||
| Q1 25 | $7.1M | $59.9M | ||
| Q4 24 | $76.6M | $-20.3M | ||
| Q3 24 | $32.0M | $-49.1M | ||
| Q2 24 | $38.8M | $79.5M |
自由现金流率CSGSNFG
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | -0.4% | ||
| Q3 25 | 14.5% | -10.8% | ||
| Q2 25 | 11.6% | 37.0% | ||
| Q1 25 | 2.4% | 8.2% | ||
| Q4 24 | 24.2% | -4.0% | ||
| Q3 24 | 10.8% | -15.8% | ||
| Q2 24 | 13.4% | 23.5% |
资本支出强度CSGSNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 1.1% | 43.5% | ||
| Q3 25 | 1.3% | 64.4% | ||
| Q2 25 | 0.9% | 36.6% | ||
| Q1 25 | 1.5% | 26.4% | ||
| Q4 24 | 1.9% | 46.8% | ||
| Q3 24 | 2.5% | 79.7% | ||
| Q2 24 | 1.5% | 59.7% |
现金转化率CSGSNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | 8.46× | 1.51× | ||
| Q3 25 | 2.34× | 2.21× | ||
| Q2 25 | 3.04× | 2.59× | ||
| Q1 25 | 0.71× | 1.17× | ||
| Q4 24 | 2.39× | 4.89× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
