vs
南玻集团（CSGS）与SAFETY INSURANCE GROUP INC（SAFT）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SAFETY INSURANCE GROUP INC的1.0倍（$323.1M vs $319.3M），SAFETY INSURANCE GROUP INC净利率更高（6.3% vs 2.2%，领先4.1%），SAFETY INSURANCE GROUP INC同比增速更快（11.4% vs 2.0%），SAFETY INSURANCE GROUP INC自由现金流更多（$192.0M vs $55.8M），过去两年SAFETY INSURANCE GROUP INC的营收复合增速更高（9.1% 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。
全美互助保险集团及其关联公司，常简称为Nationwide，是一家总部位于美国俄亥俄州哥伦布市的大型保险金融服务集团，在亚利桑那州斯科茨代尔、爱荷华州得梅因都设有区域总部。目前集团拥有约2.4万名员工，位列2025年财富美国500强榜单第72名。
CSGS vs SAFT — 直观对比
营收规模更大
CSGS
是对方的1.0倍
$319.3M
营收增速更快
SAFT
高出9.3%
2.0%
净利率更高
SAFT
高出4.1%
2.2%
自由现金流更多
SAFT
多$136.2M
$55.8M
两年增速更快
SAFT
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $319.3M |
| 净利润 | $7.0M | $20.1M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 8.0% |
| 净利率 | 2.2% | 6.3% |
| 营收同比 | 2.0% | 11.4% |
| 净利润同比 | -79.7% | 147.3% |
| 每股收益（稀释后） | $0.24 | $1.36 |
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CSGSSAFT
| Q4 25 | $323.1M | $319.3M | ||
| Q3 25 | $303.6M | $326.6M | ||
| Q2 25 | $297.1M | $316.3M | ||
| Q1 25 | $299.5M | $301.4M | ||
| Q4 24 | $316.7M | $286.7M | ||
| Q3 24 | $295.1M | $295.3M | ||
| Q2 24 | $290.3M | $269.8M | ||
| Q1 24 | $295.1M | $268.2M |
净利润CSGSSAFT
| Q4 25 | $7.0M | $20.1M | ||
| Q3 25 | $20.5M | $28.3M | ||
| Q2 25 | $12.3M | $28.9M | ||
| Q1 25 | $16.1M | $21.9M | ||
| Q4 24 | $34.5M | $8.1M | ||
| Q3 24 | $19.1M | $25.9M | ||
| Q2 24 | $13.8M | $16.6M | ||
| Q1 24 | $19.5M | $20.1M |
毛利率CSGSSAFT
| 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CSGSSAFT
| Q4 25 | 9.0% | 8.0% | ||
| Q3 25 | 10.0% | 11.1% | ||
| Q2 25 | 10.0% | 11.6% | ||
| Q1 25 | 9.8% | 9.4% | ||
| Q4 24 | 13.4% | 3.5% | ||
| Q3 24 | 10.8% | 11.1% | ||
| Q2 24 | 8.8% | 7.9% | ||
| Q1 24 | 10.8% | 9.5% |
净利率CSGSSAFT
| Q4 25 | 2.2% | 6.3% | ||
| Q3 25 | 6.7% | 8.7% | ||
| Q2 25 | 4.1% | 9.1% | ||
| Q1 25 | 5.4% | 7.3% | ||
| Q4 24 | 10.9% | 2.8% | ||
| Q3 24 | 6.5% | 8.8% | ||
| Q2 24 | 4.8% | 6.2% | ||
| Q1 24 | 6.6% | 7.5% |
每股收益（稀释后）CSGSSAFT
| Q4 25 | $0.24 | $1.36 | ||
| Q3 25 | $0.73 | $1.91 | ||
| Q2 25 | $0.44 | $1.95 | ||
| Q1 25 | $0.57 | $1.48 | ||
| Q4 24 | $1.20 | $0.56 | ||
| Q3 24 | $0.67 | $1.73 | ||
| Q2 24 | $0.48 | $1.13 | ||
| Q1 24 | $0.68 | $1.36 |
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 | $73.9M |
| 总债务越低越好 | $539.5M | $50.0M |
| 股东权益账面价值 | $283.7M | $892.3M |
| 总资产 | $1.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSAFT
| Q4 25 | $180.0M | $73.9M | ||
| Q3 25 | $158.4M | $56.2M | ||
| Q2 25 | $145.9M | $49.4M | ||
| Q1 25 | $136.0M | $64.7M | ||
| Q4 24 | $161.8M | $59.0M | ||
| Q3 24 | $118.4M | $82.3M | ||
| Q2 24 | $110.4M | $44.6M | ||
| Q1 24 | $120.8M | $30.8M |
总债务CSGSSAFT
| Q4 25 | $539.5M | $50.0M | ||
| Q3 25 | $538.6M | $30.0M | ||
| Q2 25 | $537.8M | $30.0M | ||
| Q1 25 | $537.6M | $30.0M | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSSAFT
| Q4 25 | $283.7M | $892.3M | ||
| Q3 25 | $289.5M | $899.6M | ||
| Q2 25 | $290.7M | $873.3M | ||
| Q1 25 | $283.1M | $850.7M | ||
| Q4 24 | $282.6M | $828.5M | ||
| Q3 24 | $288.4M | $851.4M | ||
| Q2 24 | $273.3M | $810.2M | ||
| Q1 24 | $269.3M | $807.1M |
总资产CSGSSAFT
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比CSGSSAFT
| Q4 25 | 1.90× | 0.06× | ||
| Q3 25 | 1.86× | 0.03× | ||
| Q2 25 | 1.85× | 0.03× | ||
| Q1 25 | 1.90× | 0.04× | ||
| 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 | $194.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $192.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 60.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 8.46× | 9.67× |
| 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CSGSSAFT
| Q4 25 | $59.2M | $194.5M | ||
| Q3 25 | $47.9M | $85.5M | ||
| Q2 25 | $37.3M | $32.3M | ||
| Q1 25 | $11.5M | $3.2M | ||
| Q4 24 | $82.5M | $128.7M | ||
| Q3 24 | $39.5M | $73.8M | ||
| Q2 24 | $43.1M | $25.6M | ||
| Q1 24 | $-29.4M | $-21.1M |
自由现金流CSGSSAFT
| Q4 25 | $55.8M | $192.0M | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $32.3M | ||
| Q1 25 | $7.1M | $2.8M | ||
| Q4 24 | $76.6M | $124.3M | ||
| Q3 24 | $32.0M | $73.2M | ||
| Q2 24 | $38.8M | $25.0M | ||
| Q1 24 | $-34.1M | $-24.2M |
自由现金流率CSGSSAFT
| Q4 25 | 17.3% | 60.1% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | 10.2% | ||
| Q1 25 | 2.4% | 0.9% | ||
| Q4 24 | 24.2% | 43.4% | ||
| Q3 24 | 10.8% | 24.8% | ||
| Q2 24 | 13.4% | 9.3% | ||
| Q1 24 | -11.6% | -9.0% |
资本支出强度CSGSSAFT
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.5% | 0.1% | ||
| Q4 24 | 1.9% | 1.5% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.6% | 1.1% |
现金转化率CSGSSAFT
| Q4 25 | 8.46× | 9.67× | ||
| Q3 25 | 2.34× | 3.02× | ||
| Q2 25 | 3.04× | 1.12× | ||
| Q1 25 | 0.71× | 0.14× | ||
| Q4 24 | 2.39× | 15.83× | ||
| Q3 24 | 2.07× | 2.85× | ||
| Q2 24 | 3.12× | 1.54× | ||
| Q1 24 | -1.51× | -1.05× |
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% |
SAFT
暂无分部数据
