vs
南玻集团（CSGS）与Simpson Manufacturing Co., Inc.（SSD）财务数据对比。点击上方公司名可切换其他公司
Simpson Manufacturing Co., Inc.的季度营收约是南玻集团的1.7倍（$539.3M vs $323.1M），Simpson Manufacturing Co., Inc.净利率更高（10.4% vs 2.2%，领先8.3%），Simpson Manufacturing Co., Inc.同比增速更快（4.2% vs 2.0%），Simpson Manufacturing Co., Inc.自由现金流更多（$119.0M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% vs 0.8%）
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。
辛普森制造是美国领先的建筑材料生产企业，主营面向新建建筑及改造翻新项目的结构连接件、紧固件、锚固件等专业产品，在建筑配套材料领域具备深厚的技术积累与较高的市场认可度。
CSGS vs SSD — 直观对比
营收规模更大
SSD
是对方的1.7倍
$323.1M
营收增速更快
SSD
高出2.2%
2.0%
净利率更高
SSD
高出8.3%
2.2%
自由现金流更多
SSD
多$63.2M
$55.8M
两年增速更快
CSGS
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $539.3M |
| 净利润 | $7.0M | $56.2M |
| 毛利率 | 50.0% | 43.4% |
| 营业利润率 | 9.0% | 13.9% |
| 净利率 | 2.2% | 10.4% |
| 营收同比 | 2.0% | 4.2% |
| 净利润同比 | -79.7% | 1.4% |
| 每股收益（稀释后） | $0.24 | $1.34 |
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CSGSSSD
| Q4 25 | $323.1M | $539.3M | ||
| Q3 25 | $303.6M | $623.5M | ||
| Q2 25 | $297.1M | $631.1M | ||
| Q1 25 | $299.5M | $538.9M | ||
| Q4 24 | $316.7M | $517.4M | ||
| Q3 24 | $295.1M | $587.2M | ||
| Q2 24 | $290.3M | $597.0M | ||
| Q1 24 | $295.1M | $530.6M |
净利润CSGSSSD
| Q4 25 | $7.0M | $56.2M | ||
| Q3 25 | $20.5M | $107.4M | ||
| Q2 25 | $12.3M | $103.5M | ||
| Q1 25 | $16.1M | $77.9M | ||
| Q4 24 | $34.5M | $55.4M | ||
| Q3 24 | $19.1M | $93.5M | ||
| Q2 24 | $13.8M | $97.8M | ||
| Q1 24 | $19.5M | $75.4M |
毛利率CSGSSSD
| Q4 25 | 50.0% | 43.4% | ||
| Q3 25 | 48.1% | 46.4% | ||
| Q2 25 | 49.5% | 46.7% | ||
| Q1 25 | 48.4% | 46.8% | ||
| Q4 24 | 51.3% | 44.0% | ||
| Q3 24 | 49.4% | 46.8% | ||
| Q2 24 | 47.3% | 46.7% | ||
| Q1 24 | 46.5% | 46.1% |
营业利润率CSGSSSD
| Q4 25 | 9.0% | 13.9% | ||
| Q3 25 | 10.0% | 22.6% | ||
| Q2 25 | 10.0% | 22.2% | ||
| Q1 25 | 9.8% | 19.0% | ||
| Q4 24 | 13.4% | 14.8% | ||
| Q3 24 | 10.8% | 21.3% | ||
| Q2 24 | 8.8% | 22.1% | ||
| Q1 24 | 10.8% | 18.1% |
净利率CSGSSSD
| Q4 25 | 2.2% | 10.4% | ||
| Q3 25 | 6.7% | 17.2% | ||
| Q2 25 | 4.1% | 16.4% | ||
| Q1 25 | 5.4% | 14.5% | ||
| Q4 24 | 10.9% | 10.7% | ||
| Q3 24 | 6.5% | 15.9% | ||
| Q2 24 | 4.8% | 16.4% | ||
| Q1 24 | 6.6% | 14.2% |
每股收益（稀释后）CSGSSSD
| Q4 25 | $0.24 | $1.34 | ||
| Q3 25 | $0.73 | $2.58 | ||
| Q2 25 | $0.44 | $2.47 | ||
| Q1 25 | $0.57 | $1.85 | ||
| Q4 24 | $1.20 | $1.31 | ||
| Q3 24 | $0.67 | $2.21 | ||
| Q2 24 | $0.48 | $2.31 | ||
| Q1 24 | $0.68 | $1.77 |
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 | $384.1M |
| 总债务越低越好 | $539.5M | $300.0M |
| 股东权益账面价值 | $283.7M | $2.0B |
| 总资产 | $1.5B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSSD
| Q4 25 | $180.0M | $384.1M | ||
| Q3 25 | $158.4M | $297.3M | ||
| Q2 25 | $145.9M | $190.4M | ||
| Q1 25 | $136.0M | $150.3M | ||
| Q4 24 | $161.8M | $239.4M | ||
| Q3 24 | $118.4M | $339.4M | ||
| Q2 24 | $110.4M | $354.9M | ||
| Q1 24 | $120.8M | $369.1M |
总债务CSGSSSD
| Q4 25 | $539.5M | $300.0M | ||
| Q3 25 | $538.6M | $371.3M | ||
| Q2 25 | $537.8M | $376.9M | ||
| Q1 25 | $537.6M | $382.5M | ||
| Q4 24 | $538.5M | $388.1M | ||
| Q3 24 | $539.5M | $393.8M | ||
| Q2 24 | $540.5M | $399.4M | ||
| Q1 24 | $541.5M | $405.0M |
股东权益CSGSSSD
| Q4 25 | $283.7M | $2.0B | ||
| Q3 25 | $289.5M | $2.0B | ||
| Q2 25 | $290.7M | $1.9B | ||
| Q1 25 | $283.1M | $1.9B | ||
| Q4 24 | $282.6M | $1.8B | ||
| Q3 24 | $288.4M | $1.9B | ||
| Q2 24 | $273.3M | $1.8B | ||
| Q1 24 | $269.3M | $1.7B |
总资产CSGSSSD
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.5B | $3.0B | ||
| Q2 25 | $1.4B | $3.0B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.3B | $2.7B |
负债/权益比CSGSSSD
| Q4 25 | 1.90× | 0.15× | ||
| Q3 25 | 1.86× | 0.19× | ||
| Q2 25 | 1.85× | 0.20× | ||
| Q1 25 | 1.90× | 0.21× | ||
| Q4 24 | 1.91× | 0.21× | ||
| Q3 24 | 1.87× | 0.21× | ||
| Q2 24 | 1.98× | 0.23× | ||
| Q1 24 | 2.01× | 0.23× |
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 | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $119.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 22.1% |
| 资本支出强度资本支出/营收 | 1.1% | 6.8% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.77× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $297.6M |
8季度趋势，按日历期对齐
经营现金流CSGSSSD
| Q4 25 | $59.2M | $155.7M | ||
| Q3 25 | $47.9M | $170.2M | ||
| Q2 25 | $37.3M | $125.2M | ||
| Q1 25 | $11.5M | $7.6M | ||
| Q4 24 | $82.5M | $115.8M | ||
| Q3 24 | $39.5M | $103.3M | ||
| Q2 24 | $43.1M | $111.1M | ||
| Q1 24 | $-29.4M | $7.9M |
自由现金流CSGSSSD
| Q4 25 | $55.8M | $119.0M | ||
| Q3 25 | $43.9M | $133.9M | ||
| Q2 25 | $34.6M | $87.3M | ||
| Q1 25 | $7.1M | $-42.6M | ||
| Q4 24 | $76.6M | $60.3M | ||
| Q3 24 | $32.0M | $58.1M | ||
| Q2 24 | $38.8M | $70.9M | ||
| Q1 24 | $-34.1M | $-31.5M |
自由现金流率CSGSSSD
| Q4 25 | 17.3% | 22.1% | ||
| Q3 25 | 14.5% | 21.5% | ||
| Q2 25 | 11.6% | 13.8% | ||
| Q1 25 | 2.4% | -7.9% | ||
| Q4 24 | 24.2% | 11.7% | ||
| Q3 24 | 10.8% | 9.9% | ||
| Q2 24 | 13.4% | 11.9% | ||
| Q1 24 | -11.6% | -5.9% |
资本支出强度CSGSSSD
| Q4 25 | 1.1% | 6.8% | ||
| Q3 25 | 1.3% | 5.8% | ||
| Q2 25 | 0.9% | 6.0% | ||
| Q1 25 | 1.5% | 9.3% | ||
| Q4 24 | 1.9% | 10.7% | ||
| Q3 24 | 2.5% | 7.7% | ||
| Q2 24 | 1.5% | 6.7% | ||
| Q1 24 | 1.6% | 7.4% |
现金转化率CSGSSSD
| Q4 25 | 8.46× | 2.77× | ||
| Q3 25 | 2.34× | 1.58× | ||
| Q2 25 | 3.04× | 1.21× | ||
| Q1 25 | 0.71× | 0.10× | ||
| Q4 24 | 2.39× | 2.09× | ||
| Q3 24 | 2.07× | 1.10× | ||
| Q2 24 | 3.12× | 1.14× | ||
| Q1 24 | -1.51× | 0.11× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
