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南玻集团（CSGS）与ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.3倍（$323.1M vs $242.1M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs 2.2%，领先2.8%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $14.9M），过去两年ONESPAWORLD HOLDINGS Ltd的营收复合增速更高（7.1% 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。
CSGS vs OSW — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$242.1M
营收增速更快
OSW
高出9.4%
2.0%
净利率更高
OSW
高出2.8%
2.2%
自由现金流更多
CSGS
多$40.9M
$14.9M
两年增速更快
OSW
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $242.1M |
| 净利润 | $7.0M | $12.1M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 6.8% |
| 净利率 | 2.2% | 5.0% |
| 营收同比 | 2.0% | 11.5% |
| 净利润同比 | -79.7% | -16.2% |
| 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CSGSOSW
| Q4 25 | $323.1M | $242.1M | ||
| Q3 25 | $303.6M | $258.5M | ||
| Q2 25 | $297.1M | $240.7M | ||
| Q1 25 | $299.5M | $219.6M | ||
| Q4 24 | $316.7M | $217.2M | ||
| Q3 24 | $295.1M | $241.7M | ||
| Q2 24 | $290.3M | $224.9M | ||
| Q1 24 | $295.1M | $211.2M |
净利润CSGSOSW
| Q4 25 | $7.0M | $12.1M | ||
| Q3 25 | $20.5M | $24.3M | ||
| Q2 25 | $12.3M | $19.9M | ||
| Q1 25 | $16.1M | $15.3M | ||
| Q4 24 | $34.5M | $14.4M | ||
| Q3 24 | $19.1M | $21.6M | ||
| Q2 24 | $13.8M | $15.8M | ||
| Q1 24 | $19.5M | $21.2M |
毛利率CSGSOSW
| 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CSGSOSW
| Q4 25 | 9.0% | 6.8% | ||
| Q3 25 | 10.0% | 10.2% | ||
| Q2 25 | 10.0% | 9.2% | ||
| Q1 25 | 9.8% | 7.7% | ||
| Q4 24 | 13.4% | 7.9% | ||
| Q3 24 | 10.8% | 10.3% | ||
| Q2 24 | 8.8% | 8.4% | ||
| Q1 24 | 10.8% | 8.0% |
净利率CSGSOSW
| Q4 25 | 2.2% | 5.0% | ||
| Q3 25 | 6.7% | 9.4% | ||
| Q2 25 | 4.1% | 8.3% | ||
| Q1 25 | 5.4% | 7.0% | ||
| Q4 24 | 10.9% | 6.6% | ||
| Q3 24 | 6.5% | 8.9% | ||
| Q2 24 | 4.8% | 7.0% | ||
| Q1 24 | 6.6% | 10.0% |
每股收益（稀释后）CSGSOSW
| Q4 25 | $0.24 | $0.12 | ||
| Q3 25 | $0.73 | $0.23 | ||
| Q2 25 | $0.44 | $0.19 | ||
| Q1 25 | $0.57 | $0.15 | ||
| Q4 24 | $1.20 | $0.13 | ||
| Q3 24 | $0.67 | $0.20 | ||
| Q2 24 | $0.48 | $0.15 | ||
| Q1 24 | $0.68 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | $539.5M | $84.0M |
| 股东权益账面价值 | $283.7M | $542.6M |
| 总资产 | $1.5B | $707.1M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CSGSOSW
| Q4 25 | $180.0M | $16.3M | ||
| Q3 25 | $158.4M | $29.6M | ||
| Q2 25 | $145.9M | $35.0M | ||
| Q1 25 | $136.0M | $22.6M | ||
| Q4 24 | $161.8M | $57.4M | ||
| Q3 24 | $118.4M | $48.8M | ||
| Q2 24 | $110.4M | $62.5M | ||
| Q1 24 | $120.8M | $65.4M |
总债务CSGSOSW
| Q4 25 | $539.5M | $84.0M | ||
| Q3 25 | $538.6M | $85.2M | ||
| Q2 25 | $537.8M | $96.2M | ||
| Q1 25 | $537.6M | $97.4M | ||
| Q4 24 | $538.5M | $98.6M | ||
| Q3 24 | $539.5M | $98.7M | ||
| Q2 24 | $540.5M | $123.8M | ||
| Q1 24 | $541.5M | $138.6M |
股东权益CSGSOSW
| Q4 25 | $283.7M | $542.6M | ||
| Q3 25 | $289.5M | $552.8M | ||
| Q2 25 | $290.7M | $548.3M | ||
| Q1 25 | $283.1M | $530.6M | ||
| Q4 24 | $282.6M | $554.5M | ||
| Q3 24 | $288.4M | $540.1M | ||
| Q2 24 | $273.3M | $532.7M | ||
| Q1 24 | $269.3M | $515.5M |
总资产CSGSOSW
| Q4 25 | $1.5B | $707.1M | ||
| Q3 25 | $1.5B | $732.6M | ||
| Q2 25 | $1.4B | $731.8M | ||
| Q1 25 | $1.4B | $708.7M | ||
| Q4 24 | $1.5B | $746.4M | ||
| Q3 24 | $1.4B | $734.0M | ||
| Q2 24 | $1.4B | $756.8M | ||
| Q1 24 | $1.3B | $763.6M |
负债/权益比CSGSOSW
| Q4 25 | 1.90× | 0.15× | ||
| Q3 25 | 1.86× | 0.15× | ||
| Q2 25 | 1.85× | 0.18× | ||
| Q1 25 | 1.90× | 0.18× | ||
| Q4 24 | 1.91× | 0.18× | ||
| Q3 24 | 1.87× | 0.18× | ||
| Q2 24 | 1.98× | 0.23× | ||
| Q1 24 | 2.01× | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $14.9M |
| 自由现金流率自由现金流/营收 | 17.3% | 6.2% |
| 资本支出强度资本支出/营收 | 1.1% | 2.1% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $68.4M |
8季度趋势，按日历期对齐
经营现金流CSGSOSW
| Q4 25 | $59.2M | $20.0M | ||
| Q3 25 | $47.9M | $33.2M | ||
| Q2 25 | $37.3M | $20.3M | ||
| Q1 25 | $11.5M | $10.1M | ||
| Q4 24 | $82.5M | $16.6M | ||
| Q3 24 | $39.5M | $28.6M | ||
| Q2 24 | $43.1M | $18.7M | ||
| Q1 24 | $-29.4M | $15.0M |
自由现金流CSGSOSW
| Q4 25 | $55.8M | $14.9M | ||
| Q3 25 | $43.9M | $27.6M | ||
| Q2 25 | $34.6M | $17.6M | ||
| Q1 25 | $7.1M | $8.4M | ||
| Q4 24 | $76.6M | $13.2M | ||
| Q3 24 | $32.0M | $27.5M | ||
| Q2 24 | $38.8M | $17.6M | ||
| Q1 24 | $-34.1M | $13.7M |
自由现金流率CSGSOSW
| Q4 25 | 17.3% | 6.2% | ||
| Q3 25 | 14.5% | 10.7% | ||
| Q2 25 | 11.6% | 7.3% | ||
| Q1 25 | 2.4% | 3.8% | ||
| Q4 24 | 24.2% | 6.1% | ||
| Q3 24 | 10.8% | 11.4% | ||
| Q2 24 | 13.4% | 7.8% | ||
| Q1 24 | -11.6% | 6.5% |
资本支出强度CSGSOSW
| Q4 25 | 1.1% | 2.1% | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.5% | 0.8% | ||
| Q4 24 | 1.9% | 1.5% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 1.5% | 0.5% | ||
| Q1 24 | 1.6% | 0.6% |
现金转化率CSGSOSW
| Q4 25 | 8.46× | 1.65× | ||
| Q3 25 | 2.34× | 1.36× | ||
| Q2 25 | 3.04× | 1.02× | ||
| Q1 25 | 0.71× | 0.66× | ||
| Q4 24 | 2.39× | 1.15× | ||
| Q3 24 | 2.07× | 1.33× | ||
| Q2 24 | 3.12× | 1.19× | ||
| Q1 24 | -1.51× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
