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南玻集团（CSGS）与Pennant Group, Inc.（PNTG）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Pennant Group, Inc.的1.1倍（$323.1M vs $289.3M），Pennant Group, Inc.净利率更高（3.0% vs 2.2%，领先0.8%），Pennant Group, Inc.同比增速更快（53.2% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $17.4M），过去两年Pennant Group, Inc.的营收复合增速更高（35.8% 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。
Pennant Group, Inc.是一家总部位于美国的医疗服务企业，主营家庭健康护理、临终关怀、长者居住服务及专业护理服务，业务覆盖美国数十个州，核心服务对象为老年及有特殊医疗需求的弱势人群。
CSGS vs PNTG — 直观对比
营收规模更大
CSGS
是对方的1.1倍
$289.3M
营收增速更快
PNTG
高出51.1%
2.0%
净利率更高
PNTG
高出0.8%
2.2%
自由现金流更多
CSGS
多$38.4M
$17.4M
两年增速更快
PNTG
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $289.3M |
| 净利润 | $7.0M | $8.6M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 6.0% |
| 净利率 | 2.2% | 3.0% |
| 营收同比 | 2.0% | 53.2% |
| 净利润同比 | -79.7% | 50.0% |
| 每股收益（稀释后） | $0.24 | $0.25 |
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CSGSPNTG
| Q4 25 | $323.1M | $289.3M | ||
| Q3 25 | $303.6M | $229.0M | ||
| Q2 25 | $297.1M | $219.5M | ||
| Q1 25 | $299.5M | $209.8M | ||
| Q4 24 | $316.7M | $188.9M | ||
| Q3 24 | $295.1M | $180.7M | ||
| Q2 24 | $290.3M | $168.7M | ||
| Q1 24 | $295.1M | $156.9M |
净利润CSGSPNTG
| Q4 25 | $7.0M | $8.6M | ||
| Q3 25 | $20.5M | $6.1M | ||
| Q2 25 | $12.3M | $7.1M | ||
| Q1 25 | $16.1M | $7.8M | ||
| Q4 24 | $34.5M | $5.8M | ||
| Q3 24 | $19.1M | $6.2M | ||
| Q2 24 | $13.8M | $5.7M | ||
| Q1 24 | $19.5M | $4.9M |
毛利率CSGSPNTG
| 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CSGSPNTG
| Q4 25 | 9.0% | 6.0% | ||
| Q3 25 | 10.0% | 4.5% | ||
| Q2 25 | 10.0% | 5.3% | ||
| Q1 25 | 9.8% | 6.0% | ||
| Q4 24 | 13.4% | 4.9% | ||
| Q3 24 | 10.8% | 6.0% | ||
| Q2 24 | 8.8% | 5.7% | ||
| Q1 24 | 10.8% | 5.4% |
净利率CSGSPNTG
| Q4 25 | 2.2% | 3.0% | ||
| Q3 25 | 6.7% | 2.7% | ||
| Q2 25 | 4.1% | 3.2% | ||
| Q1 25 | 5.4% | 3.7% | ||
| Q4 24 | 10.9% | 3.0% | ||
| Q3 24 | 6.5% | 3.4% | ||
| Q2 24 | 4.8% | 3.4% | ||
| Q1 24 | 6.6% | 3.1% |
每股收益（稀释后）CSGSPNTG
| Q4 25 | $0.24 | $0.25 | ||
| Q3 25 | $0.73 | $0.17 | ||
| Q2 25 | $0.44 | $0.20 | ||
| Q1 25 | $0.57 | $0.22 | ||
| Q4 24 | $1.20 | $0.16 | ||
| Q3 24 | $0.67 | $0.20 | ||
| Q2 24 | $0.48 | $0.18 | ||
| Q1 24 | $0.68 | $0.16 |
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 | — |
| 总债务越低越好 | $539.5M | $168.8M |
| 股东权益账面价值 | $283.7M | $374.3M |
| 总资产 | $1.5B | $968.2M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资CSGSPNTG
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — | ||
| Q1 24 | $120.8M | — |
总债务CSGSPNTG
| Q4 25 | $539.5M | $168.8M | ||
| Q3 25 | $538.6M | $26.0M | ||
| Q2 25 | $537.8M | $37.0M | ||
| Q1 25 | $537.6M | $52.5M | ||
| Q4 24 | $538.5M | $0 | ||
| Q3 24 | $539.5M | $108.9M | ||
| Q2 24 | $540.5M | $82.2M | ||
| Q1 24 | $541.5M | $83.3M |
股东权益CSGSPNTG
| Q4 25 | $283.7M | $374.3M | ||
| Q3 25 | $289.5M | $343.0M | ||
| Q2 25 | $290.7M | $333.6M | ||
| Q1 25 | $283.1M | $323.0M | ||
| Q4 24 | $282.6M | $312.0M | ||
| Q3 24 | $288.4M | $187.3M | ||
| Q2 24 | $273.3M | $173.0M | ||
| Q1 24 | $269.3M | $164.2M |
总资产CSGSPNTG
| Q4 25 | $1.5B | $968.2M | ||
| Q3 25 | $1.5B | $753.6M | ||
| Q2 25 | $1.4B | $751.4M | ||
| Q1 25 | $1.4B | $743.6M | ||
| Q4 24 | $1.5B | $679.5M | ||
| Q3 24 | $1.4B | $646.8M | ||
| Q2 24 | $1.4B | $602.5M | ||
| Q1 24 | $1.3B | $578.2M |
负债/权益比CSGSPNTG
| Q4 25 | 1.90× | 0.45× | ||
| Q3 25 | 1.86× | 0.08× | ||
| Q2 25 | 1.85× | 0.11× | ||
| Q1 25 | 1.90× | 0.16× | ||
| Q4 24 | 1.91× | 0.00× | ||
| Q3 24 | 1.87× | 0.58× | ||
| Q2 24 | 1.98× | 0.48× | ||
| Q1 24 | 2.01× | 0.51× |
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 | $21.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $17.4M |
| 自由现金流率自由现金流/营收 | 17.3% | 6.0% |
| 资本支出强度资本支出/营收 | 1.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $36.3M |
8季度趋势，按日历期对齐
经营现金流CSGSPNTG
| Q4 25 | $59.2M | $21.0M | ||
| Q3 25 | $47.9M | $13.9M | ||
| Q2 25 | $37.3M | $34.6M | ||
| Q1 25 | $11.5M | $-21.2M | ||
| Q4 24 | $82.5M | $20.6M | ||
| Q3 24 | $39.5M | $7.7M | ||
| Q2 24 | $43.1M | $10.5M | ||
| Q1 24 | $-29.4M | $545.0K |
自由现金流CSGSPNTG
| Q4 25 | $55.8M | $17.4M | ||
| Q3 25 | $43.9M | $10.5M | ||
| Q2 25 | $34.6M | $31.6M | ||
| Q1 25 | $7.1M | $-23.2M | ||
| Q4 24 | $76.6M | $17.2M | ||
| Q3 24 | $32.0M | $6.8M | ||
| Q2 24 | $38.8M | $8.9M | ||
| Q1 24 | $-34.1M | $-2.6M |
自由现金流率CSGSPNTG
| Q4 25 | 17.3% | 6.0% | ||
| Q3 25 | 14.5% | 4.6% | ||
| Q2 25 | 11.6% | 14.4% | ||
| Q1 25 | 2.4% | -11.1% | ||
| Q4 24 | 24.2% | 9.1% | ||
| Q3 24 | 10.8% | 3.8% | ||
| Q2 24 | 13.4% | 5.3% | ||
| Q1 24 | -11.6% | -1.7% |
资本支出强度CSGSPNTG
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 0.9% | 1.4% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | 1.9% | 1.8% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 1.5% | 1.0% | ||
| Q1 24 | 1.6% | 2.0% |
现金转化率CSGSPNTG
| Q4 25 | 8.46× | 2.43× | ||
| Q3 25 | 2.34× | 2.29× | ||
| Q2 25 | 3.04× | 4.89× | ||
| Q1 25 | 0.71× | -2.73× | ||
| Q4 24 | 2.39× | 3.57× | ||
| Q3 24 | 2.07× | 1.24× | ||
| Q2 24 | 3.12× | 1.84× | ||
| Q1 24 | -1.51× | 0.11× |
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% |
PNTG
| Home Health Subsegment | $136.2M | 47% |
| Hospice Subsegment | $97.1M | 34% |
| Private And Other | $36.4M | 13% |
| Medicare And Medicaid | $19.6M | 7% |
| Affiliated Entity | $2.2M | 1% |
