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南玻集团（CSGS）与ONTO INNOVATION INC.（ONTO）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ONTO INNOVATION INC.的1.5倍（$323.1M vs $218.2M），ONTO INNOVATION INC.净利率更高（12.9% vs 2.2%，领先10.8%），南玻集团同比增速更快（2.0% vs -13.5%），ONTO INNOVATION INC.自由现金流更多（$82.0M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% vs 2.6%）
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。
Onto Innovation是一家美国半导体企业，2019年由Rudolph Technologies与Nanometrics合并组建，为微电子制造行业提供生产工艺、工艺控制相关设备及配套软件解决方案，是全球半导体制造支撑领域的重要供应商。
CSGS vs ONTO — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$218.2M
营收增速更快
CSGS
高出15.5%
-13.5%
净利率更高
ONTO
高出10.8%
2.2%
自由现金流更多
ONTO
多$26.2M
$55.8M
两年增速更快
CSGS
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $218.2M |
| 净利润 | $7.0M | $28.2M |
| 毛利率 | 50.0% | 50.7% |
| 营业利润率 | 9.0% | 10.9% |
| 净利率 | 2.2% | 12.9% |
| 营收同比 | 2.0% | -13.5% |
| 净利润同比 | -79.7% | -46.8% |
| 每股收益（稀释后） | $0.24 | $0.57 |
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CSGSONTO
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | $218.2M | ||
| Q2 25 | $297.1M | $253.6M | ||
| Q1 25 | $299.5M | $266.6M | ||
| Q4 24 | $316.7M | $263.9M | ||
| Q3 24 | $295.1M | $252.2M | ||
| Q2 24 | $290.3M | $242.3M | ||
| Q1 24 | $295.1M | $228.8M |
净利润CSGSONTO
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $28.2M | ||
| Q2 25 | $12.3M | $33.9M | ||
| Q1 25 | $16.1M | $64.1M | ||
| Q4 24 | $34.5M | $48.8M | ||
| Q3 24 | $19.1M | $53.1M | ||
| Q2 24 | $13.8M | $52.9M | ||
| Q1 24 | $19.5M | $46.9M |
毛利率CSGSONTO
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | 50.7% | ||
| Q2 25 | 49.5% | 48.2% | ||
| Q1 25 | 48.4% | 53.7% | ||
| Q4 24 | 51.3% | 50.2% | ||
| Q3 24 | 49.4% | 54.1% | ||
| Q2 24 | 47.3% | 52.9% | ||
| Q1 24 | 46.5% | 51.7% |
营业利润率CSGSONTO
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | 10.9% | ||
| Q2 25 | 10.0% | 12.7% | ||
| Q1 25 | 9.8% | 23.7% | ||
| Q4 24 | 13.4% | 16.1% | ||
| Q3 24 | 10.8% | 21.0% | ||
| Q2 24 | 8.8% | 20.2% | ||
| Q1 24 | 10.8% | 18.7% |
净利率CSGSONTO
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | 12.9% | ||
| Q2 25 | 4.1% | 13.4% | ||
| Q1 25 | 5.4% | 24.0% | ||
| Q4 24 | 10.9% | 18.5% | ||
| Q3 24 | 6.5% | 21.0% | ||
| Q2 24 | 4.8% | 21.9% | ||
| Q1 24 | 6.6% | 20.5% |
每股收益（稀释后）CSGSONTO
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | $0.57 | ||
| Q2 25 | $0.44 | $0.69 | ||
| Q1 25 | $0.57 | $1.30 | ||
| Q4 24 | $1.20 | $0.98 | ||
| Q3 24 | $0.67 | $1.07 | ||
| Q2 24 | $0.48 | $1.07 | ||
| Q1 24 | $0.68 | $0.94 |
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 | $603.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $2.0B |
| 总资产 | $1.5B | $2.2B |
| 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CSGSONTO
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | $603.1M | ||
| Q2 25 | $145.9M | $217.5M | ||
| Q1 25 | $136.0M | $203.7M | ||
| Q4 24 | $161.8M | $212.9M | ||
| Q3 24 | $118.4M | $188.7M | ||
| Q2 24 | $110.4M | $172.6M | ||
| Q1 24 | $120.8M | $190.9M |
总债务CSGSONTO
| 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CSGSONTO
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | $2.0B | ||
| Q2 25 | $290.7M | $2.0B | ||
| Q1 25 | $283.1M | $1.9B | ||
| Q4 24 | $282.6M | $1.9B | ||
| Q3 24 | $288.4M | $1.9B | ||
| Q2 24 | $273.3M | $1.8B | ||
| Q1 24 | $269.3M | $1.8B |
总资产CSGSONTO
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.3B | $2.0B |
负债/权益比CSGSONTO
| 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 | $83.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $82.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 37.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.95× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $261.3M |
8季度趋势，按日历期对齐
经营现金流CSGSONTO
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | $83.4M | ||
| Q2 25 | $37.3M | $57.9M | ||
| Q1 25 | $11.5M | $92.0M | ||
| Q4 24 | $82.5M | $56.0M | ||
| Q3 24 | $39.5M | $67.2M | ||
| Q2 24 | $43.1M | $65.3M | ||
| Q1 24 | $-29.4M | $57.1M |
自由现金流CSGSONTO
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | $82.0M | ||
| Q2 25 | $34.6M | $44.2M | ||
| Q1 25 | $7.1M | $83.7M | ||
| Q4 24 | $76.6M | $51.4M | ||
| Q3 24 | $32.0M | $59.2M | ||
| Q2 24 | $38.8M | $53.0M | ||
| Q1 24 | $-34.1M | $50.2M |
自由现金流率CSGSONTO
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | 37.6% | ||
| Q2 25 | 11.6% | 17.4% | ||
| Q1 25 | 2.4% | 31.4% | ||
| Q4 24 | 24.2% | 19.5% | ||
| Q3 24 | 10.8% | 23.5% | ||
| Q2 24 | 13.4% | 21.9% | ||
| Q1 24 | -11.6% | 21.9% |
资本支出强度CSGSONTO
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 0.9% | 5.4% | ||
| Q1 25 | 1.5% | 3.1% | ||
| Q4 24 | 1.9% | 1.8% | ||
| Q3 24 | 2.5% | 3.2% | ||
| Q2 24 | 1.5% | 5.1% | ||
| Q1 24 | 1.6% | 3.0% |
现金转化率CSGSONTO
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 2.95× | ||
| Q2 25 | 3.04× | 1.71× | ||
| Q1 25 | 0.71× | 1.44× | ||
| Q4 24 | 2.39× | 1.15× | ||
| Q3 24 | 2.07× | 1.27× | ||
| Q2 24 | 3.12× | 1.23× | ||
| Q1 24 | -1.51× | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
