vs
南玻集团（CSGS）与全食超市（SMPL）财务数据对比。点击上方公司名可切换其他公司
全食超市的季度营收约是南玻集团的1.1倍（$340.2M vs $323.1M），全食超市净利率更高（7.4% vs 2.2%，领先5.3%），南玻集团同比增速更快（2.0% vs -0.3%），南玻集团自由现金流更多（$55.8M vs $48.0M），过去两年南玻集团的营收复合增速更高（4.6% vs 3.0%）
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。
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
CSGS vs SMPL — 直观对比
营收规模更大
SMPL
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出2.3%
-0.3%
净利率更高
SMPL
高出5.3%
2.2%
自由现金流更多
CSGS
多$7.8M
$48.0M
两年增速更快
CSGS
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $340.2M |
| 净利润 | $7.0M | $25.3M |
| 毛利率 | 50.0% | 32.3% |
| 营业利润率 | 9.0% | 11.0% |
| 净利率 | 2.2% | 7.4% |
| 营收同比 | 2.0% | -0.3% |
| 净利润同比 | -79.7% | -33.7% |
| 每股收益（稀释后） | $0.24 | $0.26 |
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CSGSSMPL
| Q4 25 | $323.1M | $340.2M | ||
| Q3 25 | $303.6M | — | ||
| Q2 25 | $297.1M | $381.0M | ||
| Q1 25 | $299.5M | — | ||
| Q4 24 | $316.7M | $341.3M | ||
| Q3 24 | $295.1M | $375.7M | ||
| Q2 24 | $290.3M | $334.8M | ||
| Q1 24 | $295.1M | $312.2M |
净利润CSGSSMPL
| Q4 25 | $7.0M | $25.3M | ||
| Q3 25 | $20.5M | — | ||
| Q2 25 | $12.3M | $41.1M | ||
| Q1 25 | $16.1M | — | ||
| Q4 24 | $34.5M | $38.1M | ||
| Q3 24 | $19.1M | $29.3M | ||
| Q2 24 | $13.8M | $41.3M | ||
| Q1 24 | $19.5M | $33.1M |
毛利率CSGSSMPL
| Q4 25 | 50.0% | 32.3% | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | 36.4% | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 51.3% | 38.2% | ||
| Q3 24 | 49.4% | 38.8% | ||
| Q2 24 | 47.3% | 39.9% | ||
| Q1 24 | 46.5% | 37.4% |
营业利润率CSGSSMPL
| Q4 25 | 9.0% | 11.0% | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 10.0% | 15.6% | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 13.4% | 16.0% | ||
| Q3 24 | 10.8% | 12.7% | ||
| Q2 24 | 8.8% | 17.6% | ||
| Q1 24 | 10.8% | 15.4% |
净利率CSGSSMPL
| Q4 25 | 2.2% | 7.4% | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 4.1% | 10.8% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 10.9% | 11.2% | ||
| Q3 24 | 6.5% | 7.8% | ||
| Q2 24 | 4.8% | 12.3% | ||
| Q1 24 | 6.6% | 10.6% |
每股收益（稀释后）CSGSSMPL
| Q4 25 | $0.24 | $0.26 | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | $0.40 | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | $0.38 | ||
| Q3 24 | $0.67 | $0.29 | ||
| Q2 24 | $0.48 | $0.41 | ||
| Q1 24 | $0.68 | $0.33 |
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 | $194.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $1.7B |
| 总资产 | $1.5B | $2.5B |
| 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CSGSSMPL
| Q4 25 | $180.0M | $194.1M | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | $98.0M | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | $121.8M | ||
| Q3 24 | $118.4M | $132.5M | ||
| Q2 24 | $110.4M | $208.7M | ||
| Q1 24 | $120.8M | $135.9M |
总债务CSGSSMPL
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | $397.5M | ||
| Q2 24 | $540.5M | $237.7M | ||
| Q1 24 | $541.5M | $237.7M |
股东权益CSGSSMPL
| Q4 25 | $283.7M | $1.7B | ||
| Q3 25 | $289.5M | — | ||
| Q2 25 | $290.7M | $1.8B | ||
| Q1 25 | $283.1M | — | ||
| Q4 24 | $282.6M | $1.8B | ||
| Q3 24 | $288.4M | $1.7B | ||
| Q2 24 | $273.3M | $1.7B | ||
| Q1 24 | $269.3M | $1.6B |
总资产CSGSSMPL
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比CSGSSMPL
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | 0.23× | ||
| Q2 24 | 1.98× | 0.14× | ||
| Q1 24 | 2.01× | 0.14× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $48.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 14.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $223.6M |
8季度趋势，按日历期对齐
经营现金流CSGSSMPL
| Q4 25 | $59.2M | $50.1M | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $37.3M | $101.1M | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $82.5M | $32.0M | ||
| Q3 24 | $39.5M | $48.9M | ||
| Q2 24 | $43.1M | $72.8M | ||
| Q1 24 | $-29.4M | $46.5M |
自由现金流CSGSSMPL
| Q4 25 | $55.8M | $48.0M | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $98.9M | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | $31.7M | ||
| Q3 24 | $32.0M | $45.0M | ||
| Q2 24 | $38.8M | $72.0M | ||
| Q1 24 | $-34.1M | $46.1M |
自由现金流率CSGSSMPL
| Q4 25 | 17.3% | 14.1% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | 25.9% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | 9.3% | ||
| Q3 24 | 10.8% | 12.0% | ||
| Q2 24 | 13.4% | 21.5% | ||
| Q1 24 | -11.6% | 14.8% |
资本支出强度CSGSSMPL
| Q4 25 | 1.1% | 0.6% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | 0.1% | ||
| Q3 24 | 2.5% | 1.0% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率CSGSSMPL
| Q4 25 | 8.46× | 1.98× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 2.46× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 0.84× | ||
| Q3 24 | 2.07× | 1.67× | ||
| Q2 24 | 3.12× | 1.76× | ||
| Q1 24 | -1.51× | 1.40× |
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% |
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
