vs
南玻集团（CSGS）与OUTFRONT Media Inc.（OUT）财务数据对比。点击上方公司名可切换其他公司
OUTFRONT Media Inc.的季度营收约是南玻集团的1.6倍（$513.3M vs $323.1M），OUTFRONT Media Inc.净利率更高（18.9% vs 2.2%，领先16.7%），OUTFRONT Media Inc.同比增速更快（4.1% vs 2.0%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $55.8M），过去两年OUTFRONT Media Inc.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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
CSGS vs OUT — 直观对比
营收规模更大
OUT
是对方的1.6倍
$323.1M
营收增速更快
OUT
高出2.0%
2.0%
净利率更高
OUT
高出16.7%
2.2%
自由现金流更多
OUT
多$37.5M
$55.8M
两年增速更快
OUT
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $513.3M |
| 净利润 | $7.0M | $96.8M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 26.0% |
| 净利率 | 2.2% | 18.9% |
| 营收同比 | 2.0% | 4.1% |
| 净利润同比 | -79.7% | 30.8% |
| 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CSGSOUT
| Q4 25 | $323.1M | $513.3M | ||
| Q3 25 | $303.6M | $467.5M | ||
| Q2 25 | $297.1M | $460.2M | ||
| Q1 25 | $299.5M | $390.7M | ||
| Q4 24 | $316.7M | $493.2M | ||
| Q3 24 | $295.1M | $451.9M | ||
| Q2 24 | $290.3M | $477.3M | ||
| Q1 24 | $295.1M | $408.5M |
净利润CSGSOUT
| Q4 25 | $7.0M | $96.8M | ||
| Q3 25 | $20.5M | $51.3M | ||
| Q2 25 | $12.3M | $19.5M | ||
| Q1 25 | $16.1M | $-20.6M | ||
| Q4 24 | $34.5M | $74.0M | ||
| Q3 24 | $19.1M | $34.6M | ||
| Q2 24 | $13.8M | $176.8M | ||
| Q1 24 | $19.5M | $-27.2M |
毛利率CSGSOUT
| 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CSGSOUT
| Q4 25 | 9.0% | 26.0% | ||
| Q3 25 | 10.0% | 19.2% | ||
| Q2 25 | 10.0% | 12.2% | ||
| Q1 25 | 9.8% | 3.6% | ||
| Q4 24 | 13.4% | 22.5% | ||
| Q3 24 | 10.8% | 15.8% | ||
| Q2 24 | 8.8% | 48.0% | ||
| Q1 24 | 10.8% | 3.4% |
净利率CSGSOUT
| Q4 25 | 2.2% | 18.9% | ||
| Q3 25 | 6.7% | 11.0% | ||
| Q2 25 | 4.1% | 4.2% | ||
| Q1 25 | 5.4% | -5.3% | ||
| Q4 24 | 10.9% | 15.0% | ||
| Q3 24 | 6.5% | 7.7% | ||
| Q2 24 | 4.8% | 37.0% | ||
| Q1 24 | 6.6% | -6.7% |
每股收益（稀释后）CSGSOUT
| Q4 25 | $0.24 | $0.57 | ||
| Q3 25 | $0.73 | $0.29 | ||
| Q2 25 | $0.44 | $0.10 | ||
| Q1 25 | $0.57 | $-0.14 | ||
| Q4 24 | $1.20 | $0.49 | ||
| Q3 24 | $0.67 | $0.19 | ||
| Q2 24 | $0.48 | $1.01 | ||
| Q1 24 | $0.68 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $710.4M |
| 总资产 | $1.5B | $5.3B |
| 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CSGSOUT
| Q4 25 | $180.0M | $99.9M | ||
| Q3 25 | $158.4M | $63.0M | ||
| Q2 25 | $145.9M | $28.5M | ||
| Q1 25 | $136.0M | $30.5M | ||
| Q4 24 | $161.8M | $46.9M | ||
| Q3 24 | $118.4M | $28.0M | ||
| Q2 24 | $110.4M | $49.6M | ||
| Q1 24 | $120.8M | $42.4M |
总债务CSGSOUT
| 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CSGSOUT
| Q4 25 | $283.7M | $710.4M | ||
| Q3 25 | $289.5M | $542.6M | ||
| Q2 25 | $290.7M | $539.1M | ||
| Q1 25 | $283.1M | $566.9M | ||
| Q4 24 | $282.6M | $649.0M | ||
| Q3 24 | $288.4M | $618.2M | ||
| Q2 24 | $273.3M | $664.9M | ||
| Q1 24 | $269.3M | $524.2M |
总资产CSGSOUT
| Q4 25 | $1.5B | $5.3B | ||
| Q3 25 | $1.5B | $5.2B | ||
| Q2 25 | $1.4B | $5.1B | ||
| Q1 25 | $1.4B | $5.1B | ||
| Q4 24 | $1.5B | $5.2B | ||
| Q3 24 | $1.4B | $5.2B | ||
| Q2 24 | $1.4B | $5.3B | ||
| Q1 24 | $1.3B | $5.5B |
负债/权益比CSGSOUT
| 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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $93.3M |
| 自由现金流率自由现金流/营收 | 17.3% | 18.2% |
| 资本支出强度资本支出/营收 | 1.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $218.8M |
8季度趋势，按日历期对齐
经营现金流CSGSOUT
| Q4 25 | $59.2M | $118.1M | ||
| Q3 25 | $47.9M | $88.8M | ||
| Q2 25 | $37.3M | $67.1M | ||
| Q1 25 | $11.5M | $33.6M | ||
| Q4 24 | $82.5M | $124.5M | ||
| Q3 24 | $39.5M | $73.1M | ||
| Q2 24 | $43.1M | $71.0M | ||
| Q1 24 | $-29.4M | $30.6M |
自由现金流CSGSOUT
| Q4 25 | $55.8M | $93.3M | ||
| Q3 25 | $43.9M | $67.7M | ||
| Q2 25 | $34.6M | $41.4M | ||
| Q1 25 | $7.1M | $16.4M | ||
| Q4 24 | $76.6M | $106.3M | ||
| Q3 24 | $32.0M | $55.5M | ||
| Q2 24 | $38.8M | $47.1M | ||
| Q1 24 | $-34.1M | $12.2M |
自由现金流率CSGSOUT
| Q4 25 | 17.3% | 18.2% | ||
| Q3 25 | 14.5% | 14.5% | ||
| Q2 25 | 11.6% | 9.0% | ||
| Q1 25 | 2.4% | 4.2% | ||
| Q4 24 | 24.2% | 21.6% | ||
| Q3 24 | 10.8% | 12.3% | ||
| Q2 24 | 13.4% | 9.9% | ||
| Q1 24 | -11.6% | 3.0% |
资本支出强度CSGSOUT
| Q4 25 | 1.1% | 4.8% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 0.9% | 5.6% | ||
| Q1 25 | 1.5% | 4.4% | ||
| Q4 24 | 1.9% | 3.7% | ||
| Q3 24 | 2.5% | 3.9% | ||
| Q2 24 | 1.5% | 5.0% | ||
| Q1 24 | 1.6% | 4.5% |
现金转化率CSGSOUT
| Q4 25 | 8.46× | 1.22× | ||
| Q3 25 | 2.34× | 1.73× | ||
| Q2 25 | 3.04× | 3.44× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 1.68× | ||
| Q3 24 | 2.07× | 2.11× | ||
| Q2 24 | 3.12× | 0.40× | ||
| Q1 24 | -1.51× | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
