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南玻集团（CSGS）与Childrens Place, Inc.（PLCE）财务数据对比。点击上方公司名可切换其他公司
Childrens Place, Inc.的季度营收约是南玻集团的1.1倍（$339.5M vs $323.1M），南玻集团净利率更高（2.2% vs -1.3%，领先3.4%），南玻集团同比增速更快（2.0% vs -13.0%），南玻集团自由现金流更多（$55.8M vs $-3.4M），过去两年南玻集团的营收复合增速更高（4.6% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
CSGS vs PLCE — 直观对比
营收规模更大
PLCE
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出15.0%
-13.0%
净利率更高
CSGS
高出3.4%
-1.3%
自由现金流更多
CSGS
多$59.2M
$-3.4M
两年增速更快
CSGS
近两年复合增速
-13.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $339.5M |
| 净利润 | $7.0M | $-4.3M |
| 毛利率 | 50.0% | 33.1% |
| 营业利润率 | 9.0% | 1.1% |
| 净利率 | 2.2% | -1.3% |
| 营收同比 | 2.0% | -13.0% |
| 净利润同比 | -79.7% | -121.5% |
| 每股收益（稀释后） | $0.24 | $-0.19 |
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CSGSPLCE
| Q4 25 | $323.1M | $339.5M | ||
| Q3 25 | $303.6M | $298.0M | ||
| Q2 25 | $297.1M | $242.1M | ||
| Q1 25 | $299.5M | $408.6M | ||
| Q4 24 | $316.7M | $390.2M | ||
| Q3 24 | $295.1M | $319.7M | ||
| Q2 24 | $290.3M | $267.9M | ||
| Q1 24 | $295.1M | $455.0M |
净利润CSGSPLCE
| Q4 25 | $7.0M | $-4.3M | ||
| Q3 25 | $20.5M | $-5.4M | ||
| Q2 25 | $12.3M | $-34.0M | ||
| Q1 25 | $16.1M | $-8.0M | ||
| Q4 24 | $34.5M | $20.1M | ||
| Q3 24 | $19.1M | $-32.1M | ||
| Q2 24 | $13.8M | $-37.8M | ||
| Q1 24 | $19.5M | $-128.8M |
毛利率CSGSPLCE
| Q4 25 | 50.0% | 33.1% | ||
| Q3 25 | 48.1% | 34.0% | ||
| Q2 25 | 49.5% | 29.2% | ||
| Q1 25 | 48.4% | 28.5% | ||
| Q4 24 | 51.3% | 35.5% | ||
| Q3 24 | 49.4% | 35.0% | ||
| Q2 24 | 47.3% | 34.6% | ||
| Q1 24 | 46.5% | 21.8% |
营业利润率CSGSPLCE
| Q4 25 | 9.0% | 1.1% | ||
| Q3 25 | 10.0% | 1.4% | ||
| Q2 25 | 10.0% | -10.0% | ||
| Q1 25 | 9.8% | 1.7% | ||
| Q4 24 | 13.4% | 7.5% | ||
| Q3 24 | 10.8% | -6.8% | ||
| Q2 24 | 8.8% | -10.4% | ||
| Q1 24 | 10.8% | -13.6% |
净利率CSGSPLCE
| Q4 25 | 2.2% | -1.3% | ||
| Q3 25 | 6.7% | -1.8% | ||
| Q2 25 | 4.1% | -14.1% | ||
| Q1 25 | 5.4% | -2.0% | ||
| Q4 24 | 10.9% | 5.1% | ||
| Q3 24 | 6.5% | -10.0% | ||
| Q2 24 | 4.8% | -14.1% | ||
| Q1 24 | 6.6% | -28.3% |
每股收益（稀释后）CSGSPLCE
| Q4 25 | $0.24 | $-0.19 | ||
| Q3 25 | $0.73 | $-0.24 | ||
| Q2 25 | $0.44 | $-1.57 | ||
| Q1 25 | $0.57 | $-0.60 | ||
| Q4 24 | $1.20 | $1.57 | ||
| Q3 24 | $0.67 | $-2.51 | ||
| Q2 24 | $0.48 | $-2.98 | ||
| Q1 24 | $0.68 | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | $539.5M | $107.4M |
| 股东权益账面价值 | $283.7M | $-8.6M |
| 总资产 | $1.5B | $762.5M |
| 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CSGSPLCE
| Q4 25 | $180.0M | $7.3M | ||
| Q3 25 | $158.4M | $7.8M | ||
| Q2 25 | $145.9M | $5.7M | ||
| Q1 25 | $136.0M | $5.3M | ||
| Q4 24 | $161.8M | $5.7M | ||
| Q3 24 | $118.4M | $9.6M | ||
| Q2 24 | $110.4M | $13.0M | ||
| Q1 24 | $120.8M | $13.6M |
总债务CSGSPLCE
| Q4 25 | $539.5M | $107.4M | ||
| Q3 25 | $538.6M | $107.2M | ||
| Q2 25 | $537.8M | $107.0M | ||
| Q1 25 | $537.6M | $166.0M | ||
| Q4 24 | $538.5M | $165.7M | ||
| Q3 24 | $539.5M | $165.4M | ||
| Q2 24 | $540.5M | $166.6M | ||
| Q1 24 | $541.5M | $49.8M |
股东权益CSGSPLCE
| Q4 25 | $283.7M | $-8.6M | ||
| Q3 25 | $289.5M | $-4.9M | ||
| Q2 25 | $290.7M | $1.4M | ||
| Q1 25 | $283.1M | $-59.4M | ||
| Q4 24 | $282.6M | $-49.6M | ||
| Q3 24 | $288.4M | $-68.9M | ||
| Q2 24 | $273.3M | $-34.9M | ||
| Q1 24 | $269.3M | $-9.0M |
总资产CSGSPLCE
| Q4 25 | $1.5B | $762.5M | ||
| Q3 25 | $1.5B | $805.1M | ||
| Q2 25 | $1.4B | $779.6M | ||
| Q1 25 | $1.4B | $747.6M | ||
| Q4 24 | $1.5B | $888.8M | ||
| Q3 24 | $1.4B | $921.4M | ||
| Q2 24 | $1.4B | $848.3M | ||
| Q1 24 | $1.3B | $800.3M |
负债/权益比CSGSPLCE
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | 75.63× | ||
| 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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-3.4M |
| 自由现金流率自由现金流/营收 | 17.3% | -1.0% |
| 资本支出强度资本支出/营收 | 1.1% | 2.8% |
| 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 | $39.5M |
8季度趋势，按日历期对齐
经营现金流CSGSPLCE
| Q4 25 | $59.2M | $6.2M | ||
| Q3 25 | $47.9M | $-30.5M | ||
| Q2 25 | $37.3M | $-43.0M | ||
| Q1 25 | $11.5M | $121.3M | ||
| Q4 24 | $82.5M | $-44.2M | ||
| Q3 24 | $39.5M | $-83.9M | ||
| Q2 24 | $43.1M | $-110.8M | ||
| Q1 24 | $-29.4M | $135.4M |
自由现金流CSGSPLCE
| Q4 25 | $55.8M | $-3.4M | ||
| Q3 25 | $43.9M | $-31.9M | ||
| Q2 25 | $34.6M | $-46.4M | ||
| Q1 25 | $7.1M | $121.2M | ||
| Q4 24 | $76.6M | $-47.7M | ||
| Q3 24 | $32.0M | $-91.7M | ||
| Q2 24 | $38.8M | $-115.5M | ||
| Q1 24 | $-34.1M | $132.2M |
自由现金流率CSGSPLCE
| Q4 25 | 17.3% | -1.0% | ||
| Q3 25 | 14.5% | -10.7% | ||
| Q2 25 | 11.6% | -19.2% | ||
| Q1 25 | 2.4% | 29.7% | ||
| Q4 24 | 24.2% | -12.2% | ||
| Q3 24 | 10.8% | -28.7% | ||
| Q2 24 | 13.4% | -43.1% | ||
| Q1 24 | -11.6% | 29.1% |
资本支出强度CSGSPLCE
| Q4 25 | 1.1% | 2.8% | ||
| Q3 25 | 1.3% | 0.5% | ||
| Q2 25 | 0.9% | 1.4% | ||
| Q1 25 | 1.5% | 0.0% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 2.5% | 2.4% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率CSGSPLCE
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | -2.20× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — | ||
| 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% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
