vs
南玻集团（CSGS）与STANDARD MOTOR PRODUCTS, INC.（SMP）财务数据对比。点击上方公司名可切换其他公司
STANDARD MOTOR PRODUCTS, INC.的季度营收约是南玻集团的1.2倍（$385.1M vs $323.1M），南玻集团净利率更高（2.2% vs 2.0%，领先0.1%），STANDARD MOTOR PRODUCTS, INC.同比增速更快（12.2% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-37.6M），过去两年STANDARD MOTOR PRODUCTS, INC.的营收复合增速更高（7.8% 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。
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
CSGS vs SMP — 直观对比
营收规模更大
SMP
是对方的1.2倍
$323.1M
营收增速更快
SMP
高出10.1%
2.0%
净利率更高
CSGS
高出0.1%
2.0%
自由现金流更多
CSGS
多$93.4M
$-37.6M
两年增速更快
SMP
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $385.1M |
| 净利润 | $7.0M | $7.9M |
| 毛利率 | 50.0% | 31.7% |
| 营业利润率 | 9.0% | 5.6% |
| 净利率 | 2.2% | 2.0% |
| 营收同比 | 2.0% | 12.2% |
| 净利润同比 | -79.7% | 457.9% |
| 每股收益（稀释后） | $0.24 | $0.34 |
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CSGSSMP
| Q4 25 | $323.1M | $385.1M | ||
| Q3 25 | $303.6M | $498.8M | ||
| Q2 25 | $297.1M | $493.9M | ||
| Q1 25 | $299.5M | $413.4M | ||
| Q4 24 | $316.7M | $343.4M | ||
| Q3 24 | $295.1M | $399.3M | ||
| Q2 24 | $290.3M | $389.8M | ||
| Q1 24 | $295.1M | $331.4M |
净利润CSGSSMP
| Q4 25 | $7.0M | $7.9M | ||
| Q3 25 | $20.5M | $-4.3M | ||
| Q2 25 | $12.3M | $25.2M | ||
| Q1 25 | $16.1M | $12.6M | ||
| Q4 24 | $34.5M | $-2.2M | ||
| Q3 24 | $19.1M | $3.8M | ||
| Q2 24 | $13.8M | $17.1M | ||
| Q1 24 | $19.5M | $8.8M |
毛利率CSGSSMP
| Q4 25 | 50.0% | 31.7% | ||
| Q3 25 | 48.1% | 32.4% | ||
| Q2 25 | 49.5% | 30.6% | ||
| Q1 25 | 48.4% | 30.2% | ||
| Q4 24 | 51.3% | 29.4% | ||
| Q3 24 | 49.4% | 30.4% | ||
| Q2 24 | 47.3% | 28.6% | ||
| Q1 24 | 46.5% | 27.0% |
营业利润率CSGSSMP
| Q4 25 | 9.0% | 5.6% | ||
| Q3 25 | 10.0% | 9.5% | ||
| Q2 25 | 10.0% | 8.7% | ||
| Q1 25 | 9.8% | 5.9% | ||
| Q4 24 | 13.4% | 1.1% | ||
| Q3 24 | 10.8% | 9.3% | ||
| Q2 24 | 8.8% | 6.4% | ||
| Q1 24 | 10.8% | 4.4% |
净利率CSGSSMP
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 6.7% | -0.9% | ||
| Q2 25 | 4.1% | 5.1% | ||
| Q1 25 | 5.4% | 3.0% | ||
| Q4 24 | 10.9% | -0.6% | ||
| Q3 24 | 6.5% | 1.0% | ||
| Q2 24 | 4.8% | 4.4% | ||
| Q1 24 | 6.6% | 2.7% |
每股收益（稀释后）CSGSSMP
| Q4 25 | $0.24 | $0.34 | ||
| Q3 25 | $0.73 | $-0.19 | ||
| Q2 25 | $0.44 | $1.13 | ||
| Q1 25 | $0.57 | $0.56 | ||
| Q4 24 | $1.20 | $-0.09 | ||
| Q3 24 | $0.67 | $0.17 | ||
| Q2 24 | $0.48 | $0.77 | ||
| Q1 24 | $0.68 | $0.39 |
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 | — |
| 总债务越低越好 | $539.5M | $618.7M |
| 股东权益账面价值 | $283.7M | $683.7M |
| 总资产 | $1.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.90× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSMP
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | $87.2M | ||
| Q2 25 | $145.9M | $58.8M | ||
| Q1 25 | $136.0M | $50.3M | ||
| Q4 24 | $161.8M | $44.4M | ||
| Q3 24 | $118.4M | $26.3M | ||
| Q2 24 | $110.4M | $26.2M | ||
| Q1 24 | $120.8M | $27.1M |
总债务CSGSSMP
| Q4 25 | $539.5M | $618.7M | ||
| Q3 25 | $538.6M | $589.5M | ||
| Q2 25 | $537.8M | $636.6M | ||
| Q1 25 | $537.6M | $650.6M | ||
| Q4 24 | $538.5M | $562.3M | ||
| Q3 24 | $539.5M | $142.8M | ||
| Q2 24 | $540.5M | $208.2M | ||
| Q1 24 | $541.5M | $214.9M |
股东权益CSGSSMP
| Q4 25 | $283.7M | $683.7M | ||
| Q3 25 | $289.5M | $677.4M | ||
| Q2 25 | $290.7M | $688.6M | ||
| Q1 25 | $283.1M | $638.0M | ||
| Q4 24 | $282.6M | $615.7M | ||
| Q3 24 | $288.4M | $638.8M | ||
| Q2 24 | $273.3M | $640.0M | ||
| Q1 24 | $269.3M | $639.1M |
总资产CSGSSMP
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.4B |
负债/权益比CSGSSMP
| Q4 25 | 1.90× | 0.90× | ||
| Q3 25 | 1.86× | 0.87× | ||
| Q2 25 | 1.85× | 0.92× | ||
| Q1 25 | 1.90× | 1.02× | ||
| Q4 24 | 1.91× | 0.91× | ||
| Q3 24 | 1.87× | 0.22× | ||
| Q2 24 | 1.98× | 0.33× | ||
| Q1 24 | 2.01× | 0.34× |
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 | $-28.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-37.6M |
| 自由现金流率自由现金流/营收 | 17.3% | -9.8% |
| 资本支出强度资本支出/营收 | 1.1% | 2.4% |
| 现金转化率经营现金流/净利润 | 8.46× | -3.59× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $18.7M |
8季度趋势，按日历期对齐
经营现金流CSGSSMP
| Q4 25 | $59.2M | $-28.2M | ||
| Q3 25 | $47.9M | $91.6M | ||
| Q2 25 | $37.3M | $54.3M | ||
| Q1 25 | $11.5M | $-60.2M | ||
| Q4 24 | $82.5M | $-1.5M | ||
| Q3 24 | $39.5M | $88.3M | ||
| Q2 24 | $43.1M | $35.6M | ||
| Q1 24 | $-29.4M | $-45.7M |
自由现金流CSGSSMP
| Q4 25 | $55.8M | $-37.6M | ||
| Q3 25 | $43.9M | $81.5M | ||
| Q2 25 | $34.6M | $44.2M | ||
| Q1 25 | $7.1M | $-69.4M | ||
| Q4 24 | $76.6M | $-11.4M | ||
| Q3 24 | $32.0M | $77.1M | ||
| Q2 24 | $38.8M | $22.7M | ||
| Q1 24 | $-34.1M | $-55.8M |
自由现金流率CSGSSMP
| Q4 25 | 17.3% | -9.8% | ||
| Q3 25 | 14.5% | 16.3% | ||
| Q2 25 | 11.6% | 8.9% | ||
| Q1 25 | 2.4% | -16.8% | ||
| Q4 24 | 24.2% | -3.3% | ||
| Q3 24 | 10.8% | 19.3% | ||
| Q2 24 | 13.4% | 5.8% | ||
| Q1 24 | -11.6% | -16.8% |
资本支出强度CSGSSMP
| Q4 25 | 1.1% | 2.4% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 1.5% | 2.2% | ||
| Q4 24 | 1.9% | 2.9% | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | 1.5% | 3.3% | ||
| Q1 24 | 1.6% | 3.0% |
现金转化率CSGSSMP
| Q4 25 | 8.46× | -3.59× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 2.15× | ||
| Q1 25 | 0.71× | -4.79× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 23.19× | ||
| Q2 24 | 3.12× | 2.09× | ||
| Q1 24 | -1.51× | -5.18× |
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% |
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
