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南玻集团（CSGS）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是南玻集团的1.1倍（$342.1M vs $323.1M），南玻集团净利率更高（2.2% vs -1.9%，领先4.0%），Stitch Fix, Inc.同比增速更快（7.3% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $5.6M），过去两年南玻集团的营收复合增速更高（4.6% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
CSGS vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.1倍
$323.1M
营收增速更快
SFIX
高出5.3%
2.0%
净利率更高
CSGS
高出4.0%
-1.9%
自由现金流更多
CSGS
多$50.2M
$5.6M
两年增速更快
CSGS
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $342.1M |
| 净利润 | $7.0M | $-6.4M |
| 毛利率 | 50.0% | 43.6% |
| 营业利润率 | 9.0% | -2.5% |
| 净利率 | 2.2% | -1.9% |
| 营收同比 | 2.0% | 7.3% |
| 净利润同比 | -79.7% | -1.7% |
| 每股收益（稀释后） | $0.24 | $-0.05 |
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CSGSSFIX
| Q4 25 | $323.1M | $342.1M | ||
| Q3 25 | $303.6M | $311.2M | ||
| Q2 25 | $297.1M | $325.0M | ||
| Q1 25 | $299.5M | $312.1M | ||
| Q4 24 | $316.7M | $318.8M | ||
| Q3 24 | $295.1M | $319.6M | ||
| Q2 24 | $290.3M | $322.7M | ||
| Q1 24 | $295.1M | $330.4M |
净利润CSGSSFIX
| Q4 25 | $7.0M | $-6.4M | ||
| Q3 25 | $20.5M | $-8.6M | ||
| Q2 25 | $12.3M | $-7.4M | ||
| Q1 25 | $16.1M | $-6.5M | ||
| Q4 24 | $34.5M | $-6.3M | ||
| Q3 24 | $19.1M | $-36.5M | ||
| Q2 24 | $13.8M | $-21.3M | ||
| Q1 24 | $19.5M | $-35.5M |
毛利率CSGSSFIX
| Q4 25 | 50.0% | 43.6% | ||
| Q3 25 | 48.1% | 43.6% | ||
| Q2 25 | 49.5% | 44.2% | ||
| Q1 25 | 48.4% | 44.5% | ||
| Q4 24 | 51.3% | 45.4% | ||
| Q3 24 | 49.4% | 44.6% | ||
| Q2 24 | 47.3% | 45.5% | ||
| Q1 24 | 46.5% | 43.4% |
营业利润率CSGSSFIX
| Q4 25 | 9.0% | -2.5% | ||
| Q3 25 | 10.0% | -3.6% | ||
| Q2 25 | 10.0% | -3.0% | ||
| Q1 25 | 9.8% | -2.9% | ||
| Q4 24 | 13.4% | -2.8% | ||
| Q3 24 | 10.8% | -13.1% | ||
| Q2 24 | 8.8% | -7.7% | ||
| Q1 24 | 10.8% | -11.5% |
净利率CSGSSFIX
| Q4 25 | 2.2% | -1.9% | ||
| Q3 25 | 6.7% | -2.8% | ||
| Q2 25 | 4.1% | -2.3% | ||
| Q1 25 | 5.4% | -2.1% | ||
| Q4 24 | 10.9% | -2.0% | ||
| Q3 24 | 6.5% | -11.4% | ||
| Q2 24 | 4.8% | -6.6% | ||
| Q1 24 | 6.6% | -10.8% |
每股收益（稀释后）CSGSSFIX
| Q4 25 | $0.24 | $-0.05 | ||
| Q3 25 | $0.73 | $-0.06 | ||
| Q2 25 | $0.44 | $-0.06 | ||
| Q1 25 | $0.57 | $-0.05 | ||
| Q4 24 | $1.20 | $-0.05 | ||
| Q3 24 | $0.67 | $-0.29 | ||
| Q2 24 | $0.48 | $-0.18 | ||
| Q1 24 | $0.68 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $204.1M |
| 总资产 | $1.5B | $530.7M |
| 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CSGSSFIX
| Q4 25 | $180.0M | $244.2M | ||
| Q3 25 | $158.4M | $234.9M | ||
| Q2 25 | $145.9M | $234.2M | ||
| Q1 25 | $136.0M | $219.1M | ||
| Q4 24 | $161.8M | $253.3M | ||
| Q3 24 | $118.4M | $247.0M | ||
| Q2 24 | $110.4M | $244.5M | ||
| Q1 24 | $120.8M | $229.8M |
总债务CSGSSFIX
| 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CSGSSFIX
| Q4 25 | $283.7M | $204.1M | ||
| Q3 25 | $289.5M | $203.0M | ||
| Q2 25 | $290.7M | $200.4M | ||
| Q1 25 | $283.1M | $197.8M | ||
| Q4 24 | $282.6M | $190.5M | ||
| Q3 24 | $288.4M | $187.0M | ||
| Q2 24 | $273.3M | $208.9M | ||
| Q1 24 | $269.3M | $213.3M |
总资产CSGSSFIX
| Q4 25 | $1.5B | $530.7M | ||
| Q3 25 | $1.5B | $480.6M | ||
| Q2 25 | $1.4B | $484.7M | ||
| Q1 25 | $1.4B | $472.6M | ||
| Q4 24 | $1.5B | $507.1M | ||
| Q3 24 | $1.4B | $486.9M | ||
| Q2 24 | $1.4B | $537.0M | ||
| Q1 24 | $1.3B | $538.3M |
负债/权益比CSGSSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $5.6M |
| 自由现金流率自由现金流/营收 | 17.3% | 1.6% |
| 资本支出强度资本支出/营收 | 1.1% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流CSGSSFIX
| Q4 25 | $59.2M | $10.9M | ||
| Q3 25 | $47.9M | $7.0M | ||
| Q2 25 | $37.3M | $20.5M | ||
| Q1 25 | $11.5M | $-16.2M | ||
| Q4 24 | $82.5M | $14.3M | ||
| Q3 24 | $39.5M | $8.2M | ||
| Q2 24 | $43.1M | $21.7M | ||
| Q1 24 | $-29.4M | $-22.3M |
自由现金流CSGSSFIX
| Q4 25 | $55.8M | $5.6M | ||
| Q3 25 | $43.9M | $2.8M | ||
| Q2 25 | $34.6M | $16.0M | ||
| Q1 25 | $7.1M | $-19.4M | ||
| Q4 24 | $76.6M | $9.9M | ||
| Q3 24 | $32.0M | $4.5M | ||
| Q2 24 | $38.8M | $18.9M | ||
| Q1 24 | $-34.1M | $-26.1M |
自由现金流率CSGSSFIX
| Q4 25 | 17.3% | 1.6% | ||
| Q3 25 | 14.5% | 0.9% | ||
| Q2 25 | 11.6% | 4.9% | ||
| Q1 25 | 2.4% | -6.2% | ||
| Q4 24 | 24.2% | 3.1% | ||
| Q3 24 | 10.8% | 1.4% | ||
| Q2 24 | 13.4% | 5.9% | ||
| Q1 24 | -11.6% | -7.9% |
资本支出强度CSGSSFIX
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 0.9% | 1.4% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 2.5% | 1.2% | ||
| Q2 24 | 1.5% | 0.9% | ||
| Q1 24 | 1.6% | 1.1% |
现金转化率CSGSSFIX
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| 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% |
SFIX
暂无分部数据
