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南玻集团（CSGS）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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POWER SOLUTIONS INTERNATIONAL, INC.的1.7倍（$323.1M vs $191.2M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs 2.2%，领先6.2%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-7.6M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
CSGS vs PSIX — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$191.2M
营收增速更快
PSIX
高出30.5%
2.0%
净利率更高
PSIX
高出6.2%
2.2%
自由现金流更多
CSGS
多$63.4M
$-7.6M
两年增速更快
PSIX
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $191.2M |
| 净利润 | $7.0M | $16.1M |
| 毛利率 | 50.0% | 21.9% |
| 营业利润率 | 9.0% | 12.7% |
| 净利率 | 2.2% | 8.4% |
| 营收同比 | 2.0% | 32.5% |
| 净利润同比 | -79.7% | -31.0% |
| 每股收益（稀释后） | $0.24 | $0.69 |
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CSGSPSIX
| Q4 25 | $323.1M | $191.2M | ||
| Q3 25 | $303.6M | $203.8M | ||
| Q2 25 | $297.1M | $191.9M | ||
| Q1 25 | $299.5M | $135.4M | ||
| Q4 24 | $316.7M | $144.3M | ||
| Q3 24 | $295.1M | $125.8M | ||
| Q2 24 | $290.3M | $110.6M | ||
| Q1 24 | $295.1M | $95.2M |
净利润CSGSPSIX
| Q4 25 | $7.0M | $16.1M | ||
| Q3 25 | $20.5M | $27.6M | ||
| Q2 25 | $12.3M | $51.2M | ||
| Q1 25 | $16.1M | $19.1M | ||
| Q4 24 | $34.5M | $23.3M | ||
| Q3 24 | $19.1M | $17.3M | ||
| Q2 24 | $13.8M | $21.5M | ||
| Q1 24 | $19.5M | $7.1M |
毛利率CSGSPSIX
| Q4 25 | 50.0% | 21.9% | ||
| Q3 25 | 48.1% | 23.9% | ||
| Q2 25 | 49.5% | 28.2% | ||
| Q1 25 | 48.4% | 29.7% | ||
| Q4 24 | 51.3% | 29.9% | ||
| Q3 24 | 49.4% | 28.9% | ||
| Q2 24 | 47.3% | 31.8% | ||
| Q1 24 | 46.5% | 27.0% |
营业利润率CSGSPSIX
| Q4 25 | 9.0% | 12.7% | ||
| Q3 25 | 10.0% | 13.9% | ||
| Q2 25 | 10.0% | 16.9% | ||
| Q1 25 | 9.8% | 18.2% | ||
| Q4 24 | 13.4% | 17.5% | ||
| Q3 24 | 10.8% | 16.3% | ||
| Q2 24 | 8.8% | 22.9% | ||
| Q1 24 | 10.8% | 11.2% |
净利率CSGSPSIX
| Q4 25 | 2.2% | 8.4% | ||
| Q3 25 | 6.7% | 13.5% | ||
| Q2 25 | 4.1% | 26.7% | ||
| Q1 25 | 5.4% | 14.1% | ||
| Q4 24 | 10.9% | 16.1% | ||
| Q3 24 | 6.5% | 13.8% | ||
| Q2 24 | 4.8% | 19.5% | ||
| Q1 24 | 6.6% | 7.5% |
每股收益（稀释后）CSGSPSIX
| Q4 25 | $0.24 | $0.69 | ||
| Q3 25 | $0.73 | $1.20 | ||
| Q2 25 | $0.44 | $2.22 | ||
| Q1 25 | $0.57 | $0.83 | ||
| Q4 24 | $1.20 | $1.01 | ||
| Q3 24 | $0.67 | $0.75 | ||
| Q2 24 | $0.48 | $0.94 | ||
| Q1 24 | $0.68 | $0.31 |
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 | $41.3M |
| 总债务越低越好 | $539.5M | $96.6M |
| 股东权益账面价值 | $283.7M | $178.6M |
| 总资产 | $1.5B | $424.7M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资CSGSPSIX
| Q4 25 | $180.0M | $41.3M | ||
| Q3 25 | $158.4M | $49.0M | ||
| Q2 25 | $145.9M | $49.5M | ||
| Q1 25 | $136.0M | $50.0M | ||
| Q4 24 | $161.8M | $55.3M | ||
| Q3 24 | $118.4M | $40.5M | ||
| Q2 24 | $110.4M | $28.8M | ||
| Q1 24 | $120.8M | $33.1M |
总债务CSGSPSIX
| Q4 25 | $539.5M | $96.6M | ||
| Q3 25 | $538.6M | $96.7M | ||
| Q2 25 | $537.8M | $1.8M | ||
| Q1 25 | $537.6M | $1.0M | ||
| Q4 24 | $538.5M | $184.0K | ||
| Q3 24 | $539.5M | $238.0K | ||
| Q2 24 | $540.5M | $292.0K | ||
| Q1 24 | $541.5M | $345.0K |
股东权益CSGSPSIX
| Q4 25 | $283.7M | $178.6M | ||
| Q3 25 | $289.5M | $162.5M | ||
| Q2 25 | $290.7M | $135.7M | ||
| Q1 25 | $283.1M | $84.3M | ||
| Q4 24 | $282.6M | $65.3M | ||
| Q3 24 | $288.4M | $42.1M | ||
| Q2 24 | $273.3M | $24.8M | ||
| Q1 24 | $269.3M | $3.2M |
总资产CSGSPSIX
| Q4 25 | $1.5B | $424.7M | ||
| Q3 25 | $1.5B | $458.9M | ||
| Q2 25 | $1.4B | $437.7M | ||
| Q1 25 | $1.4B | $372.7M | ||
| Q4 24 | $1.5B | $328.2M | ||
| Q3 24 | $1.4B | $339.1M | ||
| Q2 24 | $1.4B | $307.6M | ||
| Q1 24 | $1.3B | $286.8M |
负债/权益比CSGSPSIX
| Q4 25 | 1.90× | 0.54× | ||
| Q3 25 | 1.86× | 0.60× | ||
| Q2 25 | 1.85× | 0.01× | ||
| Q1 25 | 1.90× | 0.01× | ||
| Q4 24 | 1.91× | 0.00× | ||
| Q3 24 | 1.87× | 0.01× | ||
| Q2 24 | 1.98× | 0.01× | ||
| Q1 24 | 2.01× | 0.11× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-7.6M |
| 自由现金流率自由现金流/营收 | 17.3% | -4.0% |
| 资本支出强度资本支出/营收 | 1.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 8.46× | -0.29× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $14.1M |
8季度趋势，按日历期对齐
经营现金流CSGSPSIX
| Q4 25 | $59.2M | $-4.6M | ||
| Q3 25 | $47.9M | $3.3M | ||
| Q2 25 | $37.3M | $16.7M | ||
| Q1 25 | $11.5M | $8.8M | ||
| Q4 24 | $82.5M | $32.7M | ||
| Q3 24 | $39.5M | $12.6M | ||
| Q2 24 | $43.1M | $1.5M | ||
| Q1 24 | $-29.4M | $15.6M |
自由现金流CSGSPSIX
| Q4 25 | $55.8M | $-7.6M | ||
| Q3 25 | $43.9M | $1.7M | ||
| Q2 25 | $34.6M | $14.6M | ||
| Q1 25 | $7.1M | $5.4M | ||
| Q4 24 | $76.6M | $30.0M | ||
| Q3 24 | $32.0M | $12.1M | ||
| Q2 24 | $38.8M | $822.0K | ||
| Q1 24 | $-34.1M | $14.8M |
自由现金流率CSGSPSIX
| Q4 25 | 17.3% | -4.0% | ||
| Q3 25 | 14.5% | 0.8% | ||
| Q2 25 | 11.6% | 7.6% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 24.2% | 20.8% | ||
| Q3 24 | 10.8% | 9.7% | ||
| Q2 24 | 13.4% | 0.7% | ||
| Q1 24 | -11.6% | 15.6% |
资本支出强度CSGSPSIX
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.5% | 2.5% | ||
| Q4 24 | 1.9% | 1.8% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.6% | 0.9% |
现金转化率CSGSPSIX
| Q4 25 | 8.46× | -0.29× | ||
| Q3 25 | 2.34× | 0.12× | ||
| Q2 25 | 3.04× | 0.33× | ||
| Q1 25 | 0.71× | 0.46× | ||
| Q4 24 | 2.39× | 1.40× | ||
| Q3 24 | 2.07× | 0.73× | ||
| Q2 24 | 3.12× | 0.07× | ||
| Q1 24 | -1.51× | 2.20× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
