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南玻集团（CSGS）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.7倍（$323.1M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 2.2%，领先45.8%），南玻集团同比增速更快（2.0% vs -21.9%），过去两年南玻集团的营收复合增速更高（4.6% vs -15.4%）
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。
CSGS vs RILY — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$188.3M
营收增速更快
CSGS
高出23.9%
-21.9%
净利率更高
RILY
高出45.8%
2.2%
两年增速更快
CSGS
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $188.3M |
| 净利润 | $7.0M | $90.3M |
| 毛利率 | 50.0% | 79.5% |
| 营业利润率 | 9.0% | 32.3% |
| 净利率 | 2.2% | 47.9% |
| 营收同比 | 2.0% | -21.9% |
| 净利润同比 | -79.7% | 1710.8% |
| 每股收益（稀释后） | $0.24 | $2.78 |
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CSGSRILY
| Q4 25 | $323.1M | $188.3M | ||
| Q3 25 | $303.6M | $215.3M | ||
| Q2 25 | $297.1M | $188.2M | ||
| Q1 25 | $299.5M | $197.2M | ||
| Q4 24 | $316.7M | $241.0M | ||
| Q3 24 | $295.1M | $225.5M | ||
| Q2 24 | $290.3M | $256.0M | ||
| Q1 24 | $295.1M | $263.4M |
净利润CSGSRILY
| Q4 25 | $7.0M | $90.3M | ||
| Q3 25 | $20.5M | $91.1M | ||
| Q2 25 | $12.3M | $139.5M | ||
| Q1 25 | $16.1M | $-10.0M | ||
| Q4 24 | $34.5M | $-5.6M | ||
| Q3 24 | $19.1M | $-284.4M | ||
| Q2 24 | $13.8M | $-433.6M | ||
| Q1 24 | $19.5M | $-49.2M |
毛利率CSGSRILY
| Q4 25 | 50.0% | 79.5% | ||
| Q3 25 | 48.1% | 83.7% | ||
| Q2 25 | 49.5% | 81.3% | ||
| Q1 25 | 48.4% | 81.4% | ||
| Q4 24 | 51.3% | 79.8% | ||
| Q3 24 | 49.4% | 82.1% | ||
| Q2 24 | 47.3% | 84.5% | ||
| Q1 24 | 46.5% | 85.3% |
营业利润率CSGSRILY
| Q4 25 | 9.0% | 32.3% | ||
| Q3 25 | 10.0% | 30.4% | ||
| Q2 25 | 10.0% | 5.7% | ||
| Q1 25 | 9.8% | -31.2% | ||
| Q4 24 | 13.4% | -69.2% | ||
| Q3 24 | 10.8% | -36.4% | ||
| Q2 24 | 8.8% | -90.8% | ||
| Q1 24 | 10.8% | -6.1% |
净利率CSGSRILY
| Q4 25 | 2.2% | 47.9% | ||
| Q3 25 | 6.7% | 42.3% | ||
| Q2 25 | 4.1% | 74.1% | ||
| Q1 25 | 5.4% | -5.1% | ||
| Q4 24 | 10.9% | -2.3% | ||
| Q3 24 | 6.5% | -126.1% | ||
| Q2 24 | 4.8% | -169.4% | ||
| Q1 24 | 6.6% | -18.7% |
每股收益（稀释后）CSGSRILY
| Q4 25 | $0.24 | $2.78 | ||
| Q3 25 | $0.73 | $2.91 | ||
| Q2 25 | $0.44 | $4.50 | ||
| Q1 25 | $0.57 | $-0.39 | ||
| Q4 24 | $1.20 | $-0.01 | ||
| Q3 24 | $0.67 | $-9.39 | ||
| Q2 24 | $0.48 | $-14.35 | ||
| Q1 24 | $0.68 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $539.5M | $1.4B |
| 股东权益账面价值 | $283.7M | $-171.5M |
| 总资产 | $1.5B | $1.7B |
| 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CSGSRILY
| Q4 25 | $180.0M | $226.6M | ||
| Q3 25 | $158.4M | $184.2M | ||
| Q2 25 | $145.9M | $267.4M | ||
| Q1 25 | $136.0M | $138.3M | ||
| Q4 24 | $161.8M | $146.9M | ||
| Q3 24 | $118.4M | $159.2M | ||
| Q2 24 | $110.4M | $236.9M | ||
| Q1 24 | $120.8M | $190.7M |
总债务CSGSRILY
| Q4 25 | $539.5M | $1.4B | ||
| Q3 25 | $538.6M | $1.3B | ||
| Q2 25 | $537.8M | $1.3B | ||
| Q1 25 | $537.6M | $1.4B | ||
| Q4 24 | $538.5M | $1.5B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSRILY
| Q4 25 | $283.7M | $-171.5M | ||
| Q3 25 | $289.5M | $-260.5M | ||
| Q2 25 | $290.7M | $-351.7M | ||
| Q1 25 | $283.1M | $-496.8M | ||
| Q4 24 | $282.6M | $-488.2M | ||
| Q3 24 | $288.4M | $-497.6M | ||
| Q2 24 | $273.3M | $-218.3M | ||
| Q1 24 | $269.3M | $228.4M |
总资产CSGSRILY
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $3.2B | ||
| Q1 24 | $1.3B | $5.0B |
负债/权益比CSGSRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGSRILY
| Q4 25 | $59.2M | $26.2M | ||
| Q3 25 | $47.9M | $-60.6M | ||
| Q2 25 | $37.3M | $-25.6M | ||
| Q1 25 | $11.5M | $184.0K | ||
| Q4 24 | $82.5M | $-2.7M | ||
| Q3 24 | $39.5M | $19.5M | ||
| Q2 24 | $43.1M | $111.5M | ||
| Q1 24 | $-29.4M | $135.4M |
自由现金流CSGSRILY
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — | ||
| Q1 24 | $-34.1M | — |
自由现金流率CSGSRILY
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | -11.6% | — |
资本支出强度CSGSRILY
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
现金转化率CSGSRILY
| Q4 25 | 8.46× | 0.29× | ||
| Q3 25 | 2.34× | -0.66× | ||
| Q2 25 | 3.04× | -0.18× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
