vs
南玻集团（CSGS）与狮门娱乐（STRZ）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狮门娱乐的1.0倍（$323.1M vs $320.9M），南玻集团净利率更高（2.2% vs -16.4%，领先18.6%），南玻集团同比增速更快（2.0% vs -7.5%），南玻集团自由现金流更多（$55.8M vs $-31.3M），过去两年南玻集团的营收复合增速更高（4.6% vs -40.6%）
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。
Starz娱乐集团（原狮门娱乐）是一家加拿大裔美国合资娱乐企业，1997年由弗兰克·朱斯特拉创立，目前总部坐落于加利福尼亚州圣莫尼卡，注册经营原籍为不列颠哥伦比亚省温哥华，在影视内容制作发行领域拥有深厚行业积淀。
CSGS vs STRZ — 直观对比
营收规模更大
CSGS
是对方的1.0倍
$320.9M
营收增速更快
CSGS
高出9.5%
-7.5%
净利率更高
CSGS
高出18.6%
-16.4%
自由现金流更多
CSGS
多$87.1M
$-31.3M
两年增速更快
CSGS
近两年复合增速
-40.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $320.9M |
| 净利润 | $7.0M | $-52.6M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | -10.8% |
| 净利率 | 2.2% | -16.4% |
| 营收同比 | 2.0% | -7.5% |
| 净利润同比 | -79.7% | -71.9% |
| 每股收益（稀释后） | $0.24 | $-3.15 |
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CSGSSTRZ
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | $320.9M | ||
| Q2 25 | $297.1M | $319.7M | ||
| Q1 25 | $299.5M | — | ||
| Q4 24 | $316.7M | $970.5M | ||
| Q3 24 | $295.1M | $346.9M | ||
| Q2 24 | $290.3M | $347.6M | ||
| Q1 24 | $295.1M | — |
净利润CSGSSTRZ
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-52.6M | ||
| Q2 25 | $12.3M | $-42.5M | ||
| Q1 25 | $16.1M | — | ||
| Q4 24 | $34.5M | $-21.9M | ||
| Q3 24 | $19.1M | $-30.6M | ||
| Q2 24 | $13.8M | $4.2M | ||
| Q1 24 | $19.5M | — |
毛利率CSGSSTRZ
| 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CSGSSTRZ
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | -10.8% | ||
| Q2 25 | 10.0% | -8.4% | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 13.4% | 3.7% | ||
| Q3 24 | 10.8% | -4.9% | ||
| Q2 24 | 8.8% | 2.9% | ||
| Q1 24 | 10.8% | — |
净利率CSGSSTRZ
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -16.4% | ||
| Q2 25 | 4.1% | -13.3% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 10.9% | -2.3% | ||
| Q3 24 | 6.5% | -8.8% | ||
| Q2 24 | 4.8% | 1.2% | ||
| Q1 24 | 6.6% | — |
每股收益（稀释后）CSGSSTRZ
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | $-3.15 | ||
| Q2 25 | $0.44 | $-2.54 | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | $-0.09 | ||
| Q3 24 | $0.67 | $-1.83 | ||
| Q2 24 | $0.48 | $0.26 | ||
| Q1 24 | $0.68 | — |
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 | $37.0M |
| 总债务越低越好 | $539.5M | $608.7M |
| 股东权益账面价值 | $283.7M | $663.2M |
| 总资产 | $1.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSTRZ
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | $37.0M | ||
| Q2 25 | $145.9M | $51.6M | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | $200.5M | ||
| Q3 24 | $118.4M | $229.6M | ||
| Q2 24 | $110.4M | $192.5M | ||
| Q1 24 | $120.8M | — |
总债务CSGSSTRZ
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | $608.7M | ||
| Q2 25 | $537.8M | $611.7M | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $2.4B | ||
| Q3 24 | $539.5M | $2.1B | ||
| Q2 24 | $540.5M | $1.5B | ||
| Q1 24 | $541.5M | — |
股东权益CSGSSTRZ
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | $663.2M | ||
| Q2 25 | $290.7M | $712.3M | ||
| Q1 25 | $283.1M | — | ||
| Q4 24 | $282.6M | $-168.3M | ||
| Q3 24 | $288.4M | $935.9M | ||
| Q2 24 | $273.3M | $973.1M | ||
| Q1 24 | $269.3M | — |
总资产CSGSSTRZ
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $7.2B | ||
| Q3 24 | $1.4B | $7.1B | ||
| Q2 24 | $1.4B | $7.2B | ||
| Q1 24 | $1.3B | — |
负债/权益比CSGSSTRZ
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | 0.92× | ||
| Q2 25 | 1.85× | 0.86× | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | 2.24× | ||
| Q2 24 | 1.98× | 1.59× | ||
| 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 | $-26.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-31.3M |
| 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% | 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 | $-317.7M |
8季度趋势，按日历期对齐
经营现金流CSGSSTRZ
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | $-26.1M | ||
| Q2 25 | $37.3M | $65.4M | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $82.5M | $-335.3M | ||
| Q3 24 | $39.5M | $9.1M | ||
| Q2 24 | $43.1M | $-33.5M | ||
| Q1 24 | $-29.4M | — |
自由现金流CSGSSTRZ
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | $-31.3M | ||
| Q2 25 | $34.6M | $58.5M | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | $-349.3M | ||
| Q3 24 | $32.0M | $4.4M | ||
| Q2 24 | $38.8M | $-38.4M | ||
| Q1 24 | $-34.1M | — |
自由现金流率CSGSSTRZ
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | -9.8% | ||
| Q2 25 | 11.6% | 18.3% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | -36.0% | ||
| Q3 24 | 10.8% | 1.3% | ||
| Q2 24 | 13.4% | -11.0% | ||
| Q1 24 | -11.6% | — |
资本支出强度CSGSSTRZ
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 2.5% | 1.4% | ||
| Q2 24 | 1.5% | 1.4% | ||
| Q1 24 | 1.6% | — |
现金转化率CSGSSTRZ
| 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× | -7.98× | ||
| 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% |
STRZ
| Over The Top Subscription Service OTT | $222.8M | 69% |
| Linear Subscription Service | $98.1M | 31% |
