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南玻集团（CSGS）与RPC INC（RES）财务数据对比。点击上方公司名可切换其他公司
RPC INC的季度营收约是南玻集团的1.3倍（$425.8M vs $323.1M），南玻集团净利率更高（2.2% vs -0.7%，领先2.9%），RPC INC同比增速更快（27.0% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $31.2M），过去两年RPC INC的营收复合增速更高（6.2% 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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
CSGS vs RES — 直观对比
营收规模更大
RES
是对方的1.3倍
$323.1M
营收增速更快
RES
高出24.9%
2.0%
净利率更高
CSGS
高出2.9%
-0.7%
自由现金流更多
CSGS
多$24.6M
$31.2M
两年增速更快
RES
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $425.8M |
| 净利润 | $7.0M | $-3.1M |
| 毛利率 | 50.0% | 21.0% |
| 营业利润率 | 9.0% | -0.9% |
| 净利率 | 2.2% | -0.7% |
| 营收同比 | 2.0% | 27.0% |
| 净利润同比 | -79.7% | -124.0% |
| 每股收益（稀释后） | $0.24 | $-0.02 |
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CSGSRES
| Q4 25 | $323.1M | $425.8M | ||
| Q3 25 | $303.6M | $447.1M | ||
| Q2 25 | $297.1M | $420.8M | ||
| Q1 25 | $299.5M | $332.9M | ||
| Q4 24 | $316.7M | $335.4M | ||
| Q3 24 | $295.1M | $337.7M | ||
| Q2 24 | $290.3M | $364.2M | ||
| Q1 24 | $295.1M | $377.8M |
净利润CSGSRES
| Q4 25 | $7.0M | $-3.1M | ||
| Q3 25 | $20.5M | $13.0M | ||
| Q2 25 | $12.3M | $10.1M | ||
| Q1 25 | $16.1M | $12.0M | ||
| Q4 24 | $34.5M | $12.8M | ||
| Q3 24 | $19.1M | $18.8M | ||
| Q2 24 | $13.8M | $32.4M | ||
| Q1 24 | $19.5M | $27.5M |
毛利率CSGSRES
| Q4 25 | 50.0% | 21.0% | ||
| Q3 25 | 48.1% | 25.1% | ||
| Q2 25 | 49.5% | 24.5% | ||
| Q1 25 | 48.4% | 26.7% | ||
| Q4 24 | 51.3% | 25.4% | ||
| Q3 24 | 49.4% | 26.7% | ||
| Q2 24 | 47.3% | 28.0% | ||
| Q1 24 | 46.5% | 26.8% |
营业利润率CSGSRES
| Q4 25 | 9.0% | -0.9% | ||
| Q3 25 | 10.0% | 4.7% | ||
| Q2 25 | 10.0% | 3.7% | ||
| Q1 25 | 9.8% | 3.7% | ||
| Q4 24 | 13.4% | 3.1% | ||
| Q3 24 | 10.8% | 5.7% | ||
| Q2 24 | 8.8% | 9.7% | ||
| Q1 24 | 10.8% | 8.6% |
净利率CSGSRES
| Q4 25 | 2.2% | -0.7% | ||
| Q3 25 | 6.7% | 2.9% | ||
| Q2 25 | 4.1% | 2.4% | ||
| Q1 25 | 5.4% | 3.6% | ||
| Q4 24 | 10.9% | 3.8% | ||
| Q3 24 | 6.5% | 5.6% | ||
| Q2 24 | 4.8% | 8.9% | ||
| Q1 24 | 6.6% | 7.3% |
每股收益（稀释后）CSGSRES
| Q4 25 | $0.24 | $-0.02 | ||
| Q3 25 | $0.73 | $0.06 | ||
| Q2 25 | $0.44 | $0.05 | ||
| Q1 25 | $0.57 | $0.06 | ||
| Q4 24 | $1.20 | $0.06 | ||
| Q3 24 | $0.67 | $0.09 | ||
| Q2 24 | $0.48 | $0.15 | ||
| Q1 24 | $0.68 | $0.13 |
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 | $210.0M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $1.1B |
| 总资产 | $1.5B | $1.5B |
| 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CSGSRES
| Q4 25 | $180.0M | $210.0M | ||
| Q3 25 | $158.4M | $163.5M | ||
| Q2 25 | $145.9M | $162.1M | ||
| Q1 25 | $136.0M | $326.7M | ||
| Q4 24 | $161.8M | $326.0M | ||
| Q3 24 | $118.4M | $276.9M | ||
| Q2 24 | $110.4M | $261.5M | ||
| Q1 24 | $120.8M | $212.2M |
总债务CSGSRES
| 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CSGSRES
| Q4 25 | $283.7M | $1.1B | ||
| Q3 25 | $289.5M | $1.1B | ||
| Q2 25 | $290.7M | $1.1B | ||
| Q1 25 | $283.1M | $1.1B | ||
| Q4 24 | $282.6M | $1.1B | ||
| Q3 24 | $288.4M | $1.1B | ||
| Q2 24 | $273.3M | $1.1B | ||
| Q1 24 | $269.3M | $1.0B |
总资产CSGSRES
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
负债/权益比CSGSRES
| 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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $31.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 7.3% |
| 资本支出强度资本支出/营收 | 1.1% | 7.2% |
| 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 | $52.9M |
8季度趋势，按日历期对齐
经营现金流CSGSRES
| Q4 25 | $59.2M | $61.9M | ||
| Q3 25 | $47.9M | $46.5M | ||
| Q2 25 | $37.3M | $53.1M | ||
| Q1 25 | $11.5M | $39.9M | ||
| Q4 24 | $82.5M | $94.2M | ||
| Q3 24 | $39.5M | $70.7M | ||
| Q2 24 | $43.1M | $127.9M | ||
| Q1 24 | $-29.4M | $56.6M |
自由现金流CSGSRES
| Q4 25 | $55.8M | $31.2M | ||
| Q3 25 | $43.9M | $4.1M | ||
| Q2 25 | $34.6M | $10.0M | ||
| Q1 25 | $7.1M | $7.6M | ||
| Q4 24 | $76.6M | $53.7M | ||
| Q3 24 | $32.0M | $19.1M | ||
| Q2 24 | $38.8M | $52.9M | ||
| Q1 24 | $-34.1M | $3.8M |
自由现金流率CSGSRES
| Q4 25 | 17.3% | 7.3% | ||
| Q3 25 | 14.5% | 0.9% | ||
| Q2 25 | 11.6% | 2.4% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 24.2% | 16.0% | ||
| Q3 24 | 10.8% | 5.6% | ||
| Q2 24 | 13.4% | 14.5% | ||
| Q1 24 | -11.6% | 1.0% |
资本支出强度CSGSRES
| Q4 25 | 1.1% | 7.2% | ||
| Q3 25 | 1.3% | 9.5% | ||
| Q2 25 | 0.9% | 10.2% | ||
| Q1 25 | 1.5% | 9.7% | ||
| Q4 24 | 1.9% | 12.1% | ||
| Q3 24 | 2.5% | 15.3% | ||
| Q2 24 | 1.5% | 20.6% | ||
| Q1 24 | 1.6% | 14.0% |
现金转化率CSGSRES
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 3.59× | ||
| Q2 25 | 3.04× | 5.23× | ||
| Q1 25 | 0.71× | 3.31× | ||
| Q4 24 | 2.39× | 7.38× | ||
| Q3 24 | 2.07× | 3.76× | ||
| Q2 24 | 3.12× | 3.95× | ||
| Q1 24 | -1.51× | 2.06× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
