vs
南玻集团（CSGS）与医疗房产信托（SVC）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医疗房产信托的1.1倍（$323.1M vs $296.5M），南玻集团净利率更高（2.2% vs -0.3%，领先2.4%），南玻集团同比增速更快（2.0% vs -17.0%），南玻集团自由现金流更多（$55.8M vs $-95.2M），过去两年南玻集团的营收复合增速更高（4.6% vs -6.1%）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
CSGS vs SVC — 直观对比
营收规模更大
CSGS
是对方的1.1倍
$296.5M
营收增速更快
CSGS
高出19.0%
-17.0%
净利率更高
CSGS
高出2.4%
-0.3%
自由现金流更多
CSGS
多$151.0M
$-95.2M
两年增速更快
CSGS
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $296.5M |
| 净利润 | $7.0M | $-782.0K |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | -3.9% |
| 净利率 | 2.2% | -0.3% |
| 营收同比 | 2.0% | -17.0% |
| 净利润同比 | -79.7% | 99.0% |
| 每股收益（稀释后） | $0.24 | $-0.01 |
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CSGSSVC
| Q4 25 | $323.1M | $296.5M | ||
| Q3 25 | $303.6M | $377.6M | ||
| Q2 25 | $297.1M | $404.4M | ||
| Q1 25 | $299.5M | $335.0M | ||
| Q4 24 | $316.7M | $357.0M | ||
| Q3 24 | $295.1M | $390.9M | ||
| Q2 24 | $290.3M | $412.5M | ||
| Q1 24 | $295.1M | $336.2M |
净利润CSGSSVC
| Q4 25 | $7.0M | $-782.0K | ||
| Q3 25 | $20.5M | $-46.9M | ||
| Q2 25 | $12.3M | $-38.2M | ||
| Q1 25 | $16.1M | $-116.4M | ||
| Q4 24 | $34.5M | $-76.4M | ||
| Q3 24 | $19.1M | $-46.9M | ||
| Q2 24 | $13.8M | $-73.8M | ||
| Q1 24 | $19.5M | $-78.4M |
毛利率CSGSSVC
| 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CSGSSVC
| Q4 25 | 9.0% | -3.9% | ||
| Q3 25 | 10.0% | -12.8% | ||
| Q2 25 | 10.0% | -9.2% | ||
| Q1 25 | 9.8% | -33.3% | ||
| Q4 24 | 13.4% | -19.4% | ||
| Q3 24 | 10.8% | -12.8% | ||
| Q2 24 | 8.8% | -17.1% | ||
| Q1 24 | 10.8% | -21.4% |
净利率CSGSSVC
| Q4 25 | 2.2% | -0.3% | ||
| Q3 25 | 6.7% | -12.4% | ||
| Q2 25 | 4.1% | -9.4% | ||
| Q1 25 | 5.4% | -34.8% | ||
| Q4 24 | 10.9% | -21.4% | ||
| Q3 24 | 6.5% | -12.0% | ||
| Q2 24 | 4.8% | -17.9% | ||
| Q1 24 | 6.6% | -23.3% |
每股收益（稀释后）CSGSSVC
| Q4 25 | $0.24 | $-0.01 | ||
| Q3 25 | $0.73 | $-0.28 | ||
| Q2 25 | $0.44 | $-0.23 | ||
| Q1 25 | $0.57 | $-0.70 | ||
| Q4 24 | $1.20 | $-0.46 | ||
| Q3 24 | $0.67 | $-0.28 | ||
| Q2 24 | $0.48 | $-0.45 | ||
| Q1 24 | $0.68 | $-0.48 |
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 | $346.8M |
| 总债务越低越好 | $539.5M | $5.5B |
| 股东权益账面价值 | $283.7M | $646.1M |
| 总资产 | $1.5B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.90× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSVC
| Q4 25 | $180.0M | $346.8M | ||
| Q3 25 | $158.4M | $417.4M | ||
| Q2 25 | $145.9M | $63.2M | ||
| Q1 25 | $136.0M | $80.1M | ||
| Q4 24 | $161.8M | $143.5M | ||
| Q3 24 | $118.4M | $48.6M | ||
| Q2 24 | $110.4M | $14.6M | ||
| Q1 24 | $120.8M | $71.3M |
总债务CSGSSVC
| Q4 25 | $539.5M | $5.5B | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $5.8B | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSSVC
| Q4 25 | $283.7M | $646.1M | ||
| Q3 25 | $289.5M | $647.9M | ||
| Q2 25 | $290.7M | $695.9M | ||
| Q1 25 | $283.1M | $734.6M | ||
| Q4 24 | $282.6M | $851.9M | ||
| Q3 24 | $288.4M | $929.0M | ||
| Q2 24 | $273.3M | $1.0B | ||
| Q1 24 | $269.3M | $1.1B |
总资产CSGSSVC
| Q4 25 | $1.5B | $6.5B | ||
| Q3 25 | $1.5B | $7.0B | ||
| Q2 25 | $1.4B | $6.9B | ||
| Q1 25 | $1.4B | $7.0B | ||
| Q4 24 | $1.5B | $7.1B | ||
| Q3 24 | $1.4B | $7.1B | ||
| Q2 24 | $1.4B | $7.1B | ||
| Q1 24 | $1.3B | $7.2B |
负债/权益比CSGSSVC
| Q4 25 | 1.90× | 8.52× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 6.85× | ||
| 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 | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-95.2M |
| 自由现金流率自由现金流/营收 | 17.3% | -32.1% |
| 资本支出强度资本支出/营收 | 1.1% | 25.9% |
| 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 | $-107.0M |
8季度趋势，按日历期对齐
经营现金流CSGSSVC
| Q4 25 | $59.2M | $-18.5M | ||
| Q3 25 | $47.9M | $98.1M | ||
| Q2 25 | $37.3M | $-7.0K | ||
| Q1 25 | $11.5M | $38.2M | ||
| Q4 24 | $82.5M | $-9.7M | ||
| Q3 24 | $39.5M | $106.2M | ||
| Q2 24 | $43.1M | $43.8M | ||
| Q1 24 | $-29.4M | $-926.0K |
自由现金流CSGSSVC
| Q4 25 | $55.8M | $-95.2M | ||
| Q3 25 | $43.9M | $57.9M | ||
| Q2 25 | $34.6M | $-46.6M | ||
| Q1 25 | $7.1M | $-23.2M | ||
| Q4 24 | $76.6M | $-88.9M | ||
| Q3 24 | $32.0M | $24.1M | ||
| Q2 24 | $38.8M | $-22.3M | ||
| Q1 24 | $-34.1M | $-77.2M |
自由现金流率CSGSSVC
| Q4 25 | 17.3% | -32.1% | ||
| Q3 25 | 14.5% | 15.3% | ||
| Q2 25 | 11.6% | -11.5% | ||
| Q1 25 | 2.4% | -6.9% | ||
| Q4 24 | 24.2% | -24.9% | ||
| Q3 24 | 10.8% | 6.2% | ||
| Q2 24 | 13.4% | -5.4% | ||
| Q1 24 | -11.6% | -23.0% |
资本支出强度CSGSSVC
| Q4 25 | 1.1% | 25.9% | ||
| Q3 25 | 1.3% | 10.6% | ||
| Q2 25 | 0.9% | 11.5% | ||
| Q1 25 | 1.5% | 18.3% | ||
| Q4 24 | 1.9% | 22.2% | ||
| Q3 24 | 2.5% | 21.0% | ||
| Q2 24 | 1.5% | 16.0% | ||
| Q1 24 | 1.6% | 22.7% |
现金转化率CSGSSVC
| 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% |
SVC
暂无分部数据
