vs
南玻集团（CSGS）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是南玻集团的1.4倍（$448.2M vs $323.1M），南玻集团净利率更高（2.2% vs -9.4%，领先11.6%），南玻集团同比增速更快（2.0% vs -1.1%），南玻集团自由现金流更多（$55.8M vs $-20.6M），过去两年南玻集团的营收复合增速更高（4.6% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
CSGS vs PLAY — 直观对比
营收规模更大
PLAY
是对方的1.4倍
$323.1M
营收增速更快
CSGS
高出3.1%
-1.1%
净利率更高
CSGS
高出11.6%
-9.4%
自由现金流更多
CSGS
多$76.4M
$-20.6M
两年增速更快
CSGS
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $448.2M |
| 净利润 | $7.0M | $-42.1M |
| 毛利率 | 50.0% | 85.8% |
| 营业利润率 | 9.0% | -3.6% |
| 净利率 | 2.2% | -9.4% |
| 营收同比 | 2.0% | -1.1% |
| 净利润同比 | -79.7% | -28.7% |
| 每股收益（稀释后） | $0.24 | $-1.22 |
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CSGSPLAY
| Q4 25 | $323.1M | $448.2M | ||
| Q3 25 | $303.6M | $557.4M | ||
| Q2 25 | $297.1M | $567.7M | ||
| Q1 25 | $299.5M | $534.5M | ||
| Q4 24 | $316.7M | $453.0M | ||
| Q3 24 | $295.1M | $557.1M | ||
| Q2 24 | $290.3M | $588.1M | ||
| Q1 24 | $295.1M | $599.0M |
净利润CSGSPLAY
| Q4 25 | $7.0M | $-42.1M | ||
| Q3 25 | $20.5M | $11.4M | ||
| Q2 25 | $12.3M | $21.7M | ||
| Q1 25 | $16.1M | $9.3M | ||
| Q4 24 | $34.5M | $-32.7M | ||
| Q3 24 | $19.1M | $40.3M | ||
| Q2 24 | $13.8M | $41.4M | ||
| Q1 24 | $19.5M | $36.1M |
毛利率CSGSPLAY
| Q4 25 | 50.0% | 85.8% | ||
| Q3 25 | 48.1% | 86.3% | ||
| Q2 25 | 49.5% | 85.5% | ||
| Q1 25 | 48.4% | 85.5% | ||
| Q4 24 | 51.3% | 85.0% | ||
| Q3 24 | 49.4% | 85.3% | ||
| Q2 24 | 47.3% | 85.2% | ||
| Q1 24 | 46.5% | 84.1% |
营业利润率CSGSPLAY
| Q4 25 | 9.0% | -3.6% | ||
| Q3 25 | 10.0% | 9.5% | ||
| Q2 25 | 10.0% | 11.1% | ||
| Q1 25 | 9.8% | 8.3% | ||
| Q4 24 | 13.4% | 1.4% | ||
| Q3 24 | 10.8% | 15.2% | ||
| Q2 24 | 8.8% | 14.5% | ||
| Q1 24 | 10.8% | 14.9% |
净利率CSGSPLAY
| Q4 25 | 2.2% | -9.4% | ||
| Q3 25 | 6.7% | 2.0% | ||
| Q2 25 | 4.1% | 3.8% | ||
| Q1 25 | 5.4% | 1.7% | ||
| Q4 24 | 10.9% | -7.2% | ||
| Q3 24 | 6.5% | 7.2% | ||
| Q2 24 | 4.8% | 7.0% | ||
| Q1 24 | 6.6% | 6.0% |
每股收益（稀释后）CSGSPLAY
| Q4 25 | $0.24 | $-1.22 | ||
| Q3 25 | $0.73 | $0.32 | ||
| Q2 25 | $0.44 | $0.62 | ||
| Q1 25 | $0.57 | $0.32 | ||
| Q4 24 | $1.20 | $-0.84 | ||
| Q3 24 | $0.67 | $0.99 | ||
| Q2 24 | $0.48 | $0.99 | ||
| Q1 24 | $0.68 | $0.95 |
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 | $13.6M |
| 总债务越低越好 | $539.5M | $1.6B |
| 股东权益账面价值 | $283.7M | $130.8M |
| 总资产 | $1.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.90× | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资CSGSPLAY
| Q4 25 | $180.0M | $13.6M | ||
| Q3 25 | $158.4M | $12.0M | ||
| Q2 25 | $145.9M | $11.9M | ||
| Q1 25 | $136.0M | $6.9M | ||
| Q4 24 | $161.8M | $8.6M | ||
| Q3 24 | $118.4M | $13.1M | ||
| Q2 24 | $110.4M | $32.1M | ||
| Q1 24 | $120.8M | $37.3M |
总债务CSGSPLAY
| Q4 25 | $539.5M | $1.6B | ||
| Q3 25 | $538.6M | $1.6B | ||
| Q2 25 | $537.8M | $1.6B | ||
| Q1 25 | $537.6M | $1.5B | ||
| Q4 24 | $538.5M | $1.5B | ||
| Q3 24 | $539.5M | $1.3B | ||
| Q2 24 | $540.5M | $1.3B | ||
| Q1 24 | $541.5M | $1.3B |
股东权益CSGSPLAY
| Q4 25 | $283.7M | $130.8M | ||
| Q3 25 | $289.5M | $166.2M | ||
| Q2 25 | $290.7M | $146.8M | ||
| Q1 25 | $283.1M | $145.8M | ||
| Q4 24 | $282.6M | $226.6M | ||
| Q3 24 | $288.4M | $284.4M | ||
| Q2 24 | $273.3M | $292.5M | ||
| Q1 24 | $269.3M | $251.2M |
总资产CSGSPLAY
| Q4 25 | $1.5B | $4.1B | ||
| Q3 25 | $1.5B | $4.1B | ||
| Q2 25 | $1.4B | $4.1B | ||
| Q1 25 | $1.4B | $4.0B | ||
| Q4 24 | $1.5B | $3.9B | ||
| Q3 24 | $1.4B | $3.8B | ||
| Q2 24 | $1.4B | $3.8B | ||
| Q1 24 | $1.3B | $3.8B |
负债/权益比CSGSPLAY
| Q4 25 | 1.90× | 12.17× | ||
| Q3 25 | 1.86× | 9.57× | ||
| Q2 25 | 1.85× | 10.98× | ||
| Q1 25 | 1.90× | 10.45× | ||
| Q4 24 | 1.91× | 6.58× | ||
| Q3 24 | 1.87× | 4.72× | ||
| Q2 24 | 1.98× | 4.58× | ||
| Q1 24 | 2.01× | 5.33× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-20.6M |
| 自由现金流率自由现金流/营收 | 17.3% | -4.6% |
| 资本支出强度资本支出/营收 | 1.1% | 17.5% |
| 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 | $-195.6M |
8季度趋势，按日历期对齐
经营现金流CSGSPLAY
| Q4 25 | $59.2M | $58.0M | ||
| Q3 25 | $47.9M | $34.0M | ||
| Q2 25 | $37.3M | $95.8M | ||
| Q1 25 | $11.5M | $108.9M | ||
| Q4 24 | $82.5M | $-7.2M | ||
| Q3 24 | $39.5M | $101.8M | ||
| Q2 24 | $43.1M | $108.8M | ||
| Q1 24 | $-29.4M | $97.2M |
自由现金流CSGSPLAY
| Q4 25 | $55.8M | $-20.6M | ||
| Q3 25 | $43.9M | $-55.2M | ||
| Q2 25 | $34.6M | $-58.8M | ||
| Q1 25 | $7.1M | $-61.0M | ||
| Q4 24 | $76.6M | $-138.4M | ||
| Q3 24 | $32.0M | $-14.3M | ||
| Q2 24 | $38.8M | $-4.2M | ||
| Q1 24 | $-34.1M | $-25.4M |
自由现金流率CSGSPLAY
| Q4 25 | 17.3% | -4.6% | ||
| Q3 25 | 14.5% | -9.9% | ||
| Q2 25 | 11.6% | -10.4% | ||
| Q1 25 | 2.4% | -11.4% | ||
| Q4 24 | 24.2% | -30.6% | ||
| Q3 24 | 10.8% | -2.6% | ||
| Q2 24 | 13.4% | -0.7% | ||
| Q1 24 | -11.6% | -4.2% |
资本支出强度CSGSPLAY
| Q4 25 | 1.1% | 17.5% | ||
| Q3 25 | 1.3% | 16.0% | ||
| Q2 25 | 0.9% | 27.2% | ||
| Q1 25 | 1.5% | 31.8% | ||
| Q4 24 | 1.9% | 29.0% | ||
| Q3 24 | 2.5% | 20.8% | ||
| Q2 24 | 1.5% | 19.2% | ||
| Q1 24 | 1.6% | 20.5% |
现金转化率CSGSPLAY
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 2.98× | ||
| Q2 25 | 3.04× | 4.41× | ||
| Q1 25 | 0.71× | 11.71× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 2.53× | ||
| Q2 24 | 3.12× | 2.63× | ||
| Q1 24 | -1.51× | 2.69× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
