vs
南玻集团（CSGS）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是南玻集团的2.2倍（$725.6M vs $323.1M）。Reddit, Inc.净利率更高（34.7% vs 2.2%，领先32.5%）。Reddit, Inc.同比增速更快（69.7% vs 2.0%）。Reddit, Inc.自由现金流更多（$263.6M vs $55.8M）。过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CSGS vs RDDT — 直观对比
营收规模更大
RDDT
是对方的2.2倍
$323.1M
营收增速更快
RDDT
高出67.6%
2.0%
净利率更高
RDDT
高出32.5%
2.2%
自由现金流更多
RDDT
多$207.8M
$55.8M
两年增速更快
RDDT
近两年复合增速
4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $725.6M |
| 净利润 | $7.0M | $251.6M |
| 毛利率 | 50.0% | 91.9% |
| 营业利润率 | 9.0% | 31.9% |
| 净利率 | 2.2% | 34.7% |
| 营收同比 | 2.0% | 69.7% |
| 净利润同比 | -79.7% | 254.2% |
| 每股收益（稀释后） | $0.24 | $1.24 |
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CSGSRDDT
| Q4 25 | $323.1M | $725.6M | ||
| Q3 25 | $303.6M | $584.9M | ||
| Q2 25 | $297.1M | $499.6M | ||
| Q1 25 | $299.5M | $392.4M | ||
| Q4 24 | $316.7M | $427.7M | ||
| Q3 24 | $295.1M | $348.4M | ||
| Q2 24 | $290.3M | $281.2M | ||
| Q1 24 | $295.1M | $243.0M |
净利润CSGSRDDT
| Q4 25 | $7.0M | $251.6M | ||
| Q3 25 | $20.5M | $162.7M | ||
| Q2 25 | $12.3M | $89.3M | ||
| Q1 25 | $16.1M | $26.2M | ||
| Q4 24 | $34.5M | $71.0M | ||
| Q3 24 | $19.1M | $29.9M | ||
| Q2 24 | $13.8M | $-10.1M | ||
| Q1 24 | $19.5M | $-575.1M |
毛利率CSGSRDDT
| Q4 25 | 50.0% | 91.9% | ||
| Q3 25 | 48.1% | 91.0% | ||
| Q2 25 | 49.5% | 90.8% | ||
| Q1 25 | 48.4% | 90.5% | ||
| Q4 24 | 51.3% | 92.6% | ||
| Q3 24 | 49.4% | 90.1% | ||
| Q2 24 | 47.3% | 89.5% | ||
| Q1 24 | 46.5% | 88.6% |
营业利润率CSGSRDDT
| Q4 25 | 9.0% | 31.9% | ||
| Q3 25 | 10.0% | 23.7% | ||
| Q2 25 | 10.0% | 13.6% | ||
| Q1 25 | 9.8% | 1.0% | ||
| Q4 24 | 13.4% | 12.4% | ||
| Q3 24 | 10.8% | 2.0% | ||
| Q2 24 | 8.8% | -11.0% | ||
| Q1 24 | 10.8% | -242.5% |
净利率CSGSRDDT
| Q4 25 | 2.2% | 34.7% | ||
| Q3 25 | 6.7% | 27.8% | ||
| Q2 25 | 4.1% | 17.9% | ||
| Q1 25 | 5.4% | 6.7% | ||
| Q4 24 | 10.9% | 16.6% | ||
| Q3 24 | 6.5% | 8.6% | ||
| Q2 24 | 4.8% | -3.6% | ||
| Q1 24 | 6.6% | -236.7% |
每股收益（稀释后）CSGSRDDT
| Q4 25 | $0.24 | $1.24 | ||
| Q3 25 | $0.73 | $0.80 | ||
| Q2 25 | $0.44 | $0.45 | ||
| Q1 25 | $0.57 | $0.13 | ||
| Q4 24 | $1.20 | $4.76 | ||
| Q3 24 | $0.67 | $0.16 | ||
| Q2 24 | $0.48 | $-0.06 | ||
| Q1 24 | $0.68 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $2.9B |
| 总资产 | $1.5B | $3.2B |
| 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CSGSRDDT
| Q4 25 | $180.0M | $953.6M | ||
| Q3 25 | $158.4M | $911.7M | ||
| Q2 25 | $145.9M | $734.1M | ||
| Q1 25 | $136.0M | $635.7M | ||
| Q4 24 | $161.8M | $562.1M | ||
| Q3 24 | $118.4M | $515.9M | ||
| Q2 24 | $110.4M | $468.0M | ||
| Q1 24 | $120.8M | $968.5M |
总债务CSGSRDDT
| 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CSGSRDDT
| Q4 25 | $283.7M | $2.9B | ||
| Q3 25 | $289.5M | $2.6B | ||
| Q2 25 | $290.7M | $2.4B | ||
| Q1 25 | $283.1M | $2.2B | ||
| Q4 24 | $282.6M | $2.1B | ||
| Q3 24 | $288.4M | $2.0B | ||
| Q2 24 | $273.3M | $1.9B | ||
| Q1 24 | $269.3M | $1.8B |
总资产CSGSRDDT
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.3B | $2.0B |
负债/权益比CSGSRDDT
| 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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $263.6M |
| 自由现金流率自由现金流/营收 | 17.3% | 36.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $684.2M |
8季度趋势，按日历期对齐
经营现金流CSGSRDDT
| Q4 25 | $59.2M | $266.8M | ||
| Q3 25 | $47.9M | $185.2M | ||
| Q2 25 | $37.3M | $111.3M | ||
| Q1 25 | $11.5M | $127.6M | ||
| Q4 24 | $82.5M | $90.0M | ||
| Q3 24 | $39.5M | $71.6M | ||
| Q2 24 | $43.1M | $28.4M | ||
| Q1 24 | $-29.4M | $32.1M |
自由现金流CSGSRDDT
| Q4 25 | $55.8M | $263.6M | ||
| Q3 25 | $43.9M | $183.1M | ||
| Q2 25 | $34.6M | $110.8M | ||
| Q1 25 | $7.1M | $126.6M | ||
| Q4 24 | $76.6M | $89.2M | ||
| Q3 24 | $32.0M | $70.3M | ||
| Q2 24 | $38.8M | $27.2M | ||
| Q1 24 | $-34.1M | $29.2M |
自由现金流率CSGSRDDT
| Q4 25 | 17.3% | 36.3% | ||
| Q3 25 | 14.5% | 31.3% | ||
| Q2 25 | 11.6% | 22.2% | ||
| Q1 25 | 2.4% | 32.3% | ||
| Q4 24 | 24.2% | 20.8% | ||
| Q3 24 | 10.8% | 20.2% | ||
| Q2 24 | 13.4% | 9.7% | ||
| Q1 24 | -11.6% | 12.0% |
资本支出强度CSGSRDDT
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 1.9% | 0.2% | ||
| Q3 24 | 2.5% | 0.4% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率CSGSRDDT
| Q4 25 | 8.46× | 1.06× | ||
| Q3 25 | 2.34× | 1.14× | ||
| Q2 25 | 3.04× | 1.25× | ||
| Q1 25 | 0.71× | 4.88× | ||
| Q4 24 | 2.39× | 1.27× | ||
| Q3 24 | 2.07× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
