vs
南玻集团（CSGS）与ProPetro Holding Corp.（PUMP）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ProPetro Holding Corp.的1.1倍（$323.1M vs $289.7M），南玻集团同比增速更快（2.0% vs -9.6%），南玻集团自由现金流更多（$55.8M vs $16.8M），过去两年南玻集团的营收复合增速更高（4.6% vs -15.5%）
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。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
CSGS vs PUMP — 直观对比
营收规模更大
CSGS
是对方的1.1倍
$289.7M
营收增速更快
CSGS
高出11.7%
-9.6%
自由现金流更多
CSGS
多$39.0M
$16.8M
两年增速更快
CSGS
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $289.7M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 2.1% |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | -9.6% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $0.01 |
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CSGSPUMP
| Q4 25 | $323.1M | $289.7M | ||
| Q3 25 | $303.6M | $293.9M | ||
| Q2 25 | $297.1M | $326.2M | ||
| Q1 25 | $299.5M | $359.4M | ||
| Q4 24 | $316.7M | $320.6M | ||
| Q3 24 | $295.1M | $360.9M | ||
| Q2 24 | $290.3M | $357.0M | ||
| Q1 24 | $295.1M | $405.8M |
净利润CSGSPUMP
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-2.4M | ||
| Q2 25 | $12.3M | $-7.2M | ||
| Q1 25 | $16.1M | $9.6M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $-137.1M | ||
| Q2 24 | $13.8M | $-3.7M | ||
| Q1 24 | $19.5M | $19.9M |
毛利率CSGSPUMP
| 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CSGSPUMP
| Q4 25 | 9.0% | 2.1% | ||
| Q3 25 | 10.0% | -2.1% | ||
| Q2 25 | 10.0% | -1.0% | ||
| Q1 25 | 9.8% | 2.6% | ||
| Q4 24 | 13.4% | -5.8% | ||
| Q3 24 | 10.8% | -49.4% | ||
| Q2 24 | 8.8% | -0.1% | ||
| Q1 24 | 10.8% | 7.5% |
净利率CSGSPUMP
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -0.8% | ||
| Q2 25 | 4.1% | -2.2% | ||
| Q1 25 | 5.4% | 2.7% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | -38.0% | ||
| Q2 24 | 4.8% | -1.0% | ||
| Q1 24 | 6.6% | 4.9% |
每股收益（稀释后）CSGSPUMP
| Q4 25 | $0.24 | $0.01 | ||
| Q3 25 | $0.73 | $-0.02 | ||
| Q2 25 | $0.44 | $-0.07 | ||
| Q1 25 | $0.57 | $0.09 | ||
| Q4 24 | $1.20 | $-0.14 | ||
| Q3 24 | $0.67 | $-1.32 | ||
| Q2 24 | $0.48 | $-0.03 | ||
| 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 | $91.3M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $829.8M |
| 总资产 | $1.5B | $1.3B |
| 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CSGSPUMP
| Q4 25 | $180.0M | $91.3M | ||
| Q3 25 | $158.4M | $76.7M | ||
| Q2 25 | $145.9M | $83.0M | ||
| Q1 25 | $136.0M | $71.4M | ||
| Q4 24 | $161.8M | $58.3M | ||
| Q3 24 | $118.4M | $54.0M | ||
| Q2 24 | $110.4M | $74.7M | ||
| Q1 24 | $120.8M | $53.6M |
总债务CSGSPUMP
| 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CSGSPUMP
| Q4 25 | $283.7M | $829.8M | ||
| Q3 25 | $289.5M | $826.2M | ||
| Q2 25 | $290.7M | $824.0M | ||
| Q1 25 | $283.1M | $826.5M | ||
| Q4 24 | $282.6M | $816.3M | ||
| Q3 24 | $288.4M | $833.0M | ||
| Q2 24 | $273.3M | $975.8M | ||
| Q1 24 | $269.3M | $998.2M |
总资产CSGSPUMP
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.3B | $1.2B |
负债/权益比CSGSPUMP
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $16.8M |
| 自由现金流率自由现金流/营收 | 17.3% | 5.8% |
| 资本支出强度资本支出/营收 | 1.1% | 22.2% |
| 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 | $45.3M |
8季度趋势，按日历期对齐
经营现金流CSGSPUMP
| Q4 25 | $59.2M | $81.0M | ||
| Q3 25 | $47.9M | $41.7M | ||
| Q2 25 | $37.3M | $54.2M | ||
| Q1 25 | $11.5M | $54.7M | ||
| Q4 24 | $82.5M | $37.9M | ||
| Q3 24 | $39.5M | $34.7M | ||
| Q2 24 | $43.1M | $104.9M | ||
| Q1 24 | $-29.4M | $74.8M |
自由现金流CSGSPUMP
| Q4 25 | $55.8M | $16.8M | ||
| Q3 25 | $43.9M | $-2.4M | ||
| Q2 25 | $34.6M | $17.1M | ||
| Q1 25 | $7.1M | $13.8M | ||
| Q4 24 | $76.6M | $10.0M | ||
| Q3 24 | $32.0M | $-6.0M | ||
| Q2 24 | $38.8M | $67.7M | ||
| Q1 24 | $-34.1M | $40.2M |
自由现金流率CSGSPUMP
| Q4 25 | 17.3% | 5.8% | ||
| Q3 25 | 14.5% | -0.8% | ||
| Q2 25 | 11.6% | 5.2% | ||
| Q1 25 | 2.4% | 3.8% | ||
| Q4 24 | 24.2% | 3.1% | ||
| Q3 24 | 10.8% | -1.7% | ||
| Q2 24 | 13.4% | 19.0% | ||
| Q1 24 | -11.6% | 9.9% |
资本支出强度CSGSPUMP
| Q4 25 | 1.1% | 22.2% | ||
| Q3 25 | 1.3% | 15.0% | ||
| Q2 25 | 0.9% | 11.4% | ||
| Q1 25 | 1.5% | 11.4% | ||
| Q4 24 | 1.9% | 8.7% | ||
| Q3 24 | 2.5% | 11.3% | ||
| Q2 24 | 1.5% | 10.4% | ||
| Q1 24 | 1.6% | 8.5% |
现金转化率CSGSPUMP
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | 5.70× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — | ||
| Q1 24 | -1.51× | 3.75× |
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% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
