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南玻集团（CSGS）与INTERFACE INC（TILE）财务数据对比。点击上方公司名可切换其他公司
INTERFACE INC的季度营收约是南玻集团的1.1倍（$349.4M vs $323.1M），INTERFACE INC净利率更高（7.0% vs 2.2%，领先4.8%），INTERFACE INC同比增速更快（4.3% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $28.6M），过去两年INTERFACE INC的营收复合增速更高（9.8% 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。
Interface Inc.总部位于美国佐治亚州亚特兰大，是全球知名的商用地板制造商，主营产品涵盖模块化地毯砖、 luxury vinyl tile（高端乙烯基地砖）以及Nora品牌橡胶地板，产品广泛应用于各类商业空间场景。
CSGS vs TILE — 直观对比
营收规模更大
TILE
是对方的1.1倍
$323.1M
营收增速更快
TILE
高出2.3%
2.0%
净利率更高
TILE
高出4.8%
2.2%
自由现金流更多
CSGS
多$27.2M
$28.6M
两年增速更快
TILE
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $349.4M |
| 净利润 | $7.0M | $24.4M |
| 毛利率 | 50.0% | 38.6% |
| 营业利润率 | 9.0% | 10.1% |
| 净利率 | 2.2% | 7.0% |
| 营收同比 | 2.0% | 4.3% |
| 净利润同比 | -79.7% | 12.1% |
| 每股收益（稀释后） | $0.24 | $0.41 |
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CSGSTILE
| Q4 25 | $323.1M | $349.4M | ||
| Q3 25 | $303.6M | $364.5M | ||
| Q2 25 | $297.1M | $375.5M | ||
| Q1 25 | $299.5M | $297.4M | ||
| Q4 24 | $316.7M | $335.0M | ||
| Q3 24 | $295.1M | $344.3M | ||
| Q2 24 | $290.3M | $346.6M | ||
| Q1 24 | $295.1M | $289.7M |
净利润CSGSTILE
| Q4 25 | $7.0M | $24.4M | ||
| Q3 25 | $20.5M | $46.1M | ||
| Q2 25 | $12.3M | $32.6M | ||
| Q1 25 | $16.1M | $13.0M | ||
| Q4 24 | $34.5M | $21.8M | ||
| Q3 24 | $19.1M | $28.4M | ||
| Q2 24 | $13.8M | $22.6M | ||
| Q1 24 | $19.5M | $14.2M |
毛利率CSGSTILE
| Q4 25 | 50.0% | 38.6% | ||
| Q3 25 | 48.1% | 39.4% | ||
| Q2 25 | 49.5% | 39.4% | ||
| Q1 25 | 48.4% | 37.3% | ||
| Q4 24 | 51.3% | 36.5% | ||
| Q3 24 | 49.4% | 37.1% | ||
| Q2 24 | 47.3% | 35.4% | ||
| Q1 24 | 46.5% | 38.1% |
营业利润率CSGSTILE
| Q4 25 | 9.0% | 10.1% | ||
| Q3 25 | 10.0% | 14.6% | ||
| Q2 25 | 10.0% | 13.9% | ||
| Q1 25 | 9.8% | 7.8% | ||
| Q4 24 | 13.4% | 8.8% | ||
| Q3 24 | 10.8% | 12.3% | ||
| Q2 24 | 8.8% | 11.0% | ||
| Q1 24 | 10.8% | 8.4% |
净利率CSGSTILE
| Q4 25 | 2.2% | 7.0% | ||
| Q3 25 | 6.7% | 12.7% | ||
| Q2 25 | 4.1% | 8.7% | ||
| Q1 25 | 5.4% | 4.4% | ||
| Q4 24 | 10.9% | 6.5% | ||
| Q3 24 | 6.5% | 8.3% | ||
| Q2 24 | 4.8% | 6.5% | ||
| Q1 24 | 6.6% | 4.9% |
每股收益（稀释后）CSGSTILE
| Q4 25 | $0.24 | $0.41 | ||
| Q3 25 | $0.73 | $0.78 | ||
| Q2 25 | $0.44 | $0.55 | ||
| Q1 25 | $0.57 | $0.22 | ||
| Q4 24 | $1.20 | $0.38 | ||
| Q3 24 | $0.67 | $0.48 | ||
| Q2 24 | $0.48 | $0.38 | ||
| Q1 24 | $0.68 | $0.24 |
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 | $71.3M |
| 总债务越低越好 | $539.5M | $181.6M |
| 股东权益账面价值 | $283.7M | $640.7M |
| 总资产 | $1.5B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资CSGSTILE
| Q4 25 | $180.0M | $71.3M | ||
| Q3 25 | $158.4M | $187.4M | ||
| Q2 25 | $145.9M | $121.7M | ||
| Q1 25 | $136.0M | $97.8M | ||
| Q4 24 | $161.8M | $99.2M | ||
| Q3 24 | $118.4M | $115.6M | ||
| Q2 24 | $110.4M | $94.2M | ||
| Q1 24 | $120.8M | $89.8M |
总债务CSGSTILE
| Q4 25 | $539.5M | $181.6M | ||
| Q3 25 | $538.6M | $307.8M | ||
| Q2 25 | $537.8M | $304.4M | ||
| Q1 25 | $537.6M | $302.9M | ||
| Q4 24 | $538.5M | $302.8M | ||
| Q3 24 | $539.5M | $337.9M | ||
| Q2 24 | $540.5M | $387.6M | ||
| Q1 24 | $541.5M | $391.8M |
股东权益CSGSTILE
| Q4 25 | $283.7M | $640.7M | ||
| Q3 25 | $289.5M | $621.0M | ||
| Q2 25 | $290.7M | $575.0M | ||
| Q1 25 | $283.1M | $513.1M | ||
| Q4 24 | $282.6M | $489.1M | ||
| Q3 24 | $288.4M | $501.6M | ||
| Q2 24 | $273.3M | $451.2M | ||
| Q1 24 | $269.3M | $428.5M |
总资产CSGSTILE
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
负债/权益比CSGSTILE
| Q4 25 | 1.90× | 0.28× | ||
| Q3 25 | 1.86× | 0.50× | ||
| Q2 25 | 1.85× | 0.53× | ||
| Q1 25 | 1.90× | 0.59× | ||
| Q4 24 | 1.91× | 0.62× | ||
| Q3 24 | 1.87× | 0.67× | ||
| Q2 24 | 1.98× | 0.86× | ||
| Q1 24 | 2.01× | 0.91× |
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 | $49.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $28.6M |
| 自由现金流率自由现金流/营收 | 17.3% | 8.2% |
| 资本支出强度资本支出/营收 | 1.1% | 5.9% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.02× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $121.7M |
8季度趋势，按日历期对齐
经营现金流CSGSTILE
| Q4 25 | $59.2M | $49.3M | ||
| Q3 25 | $47.9M | $76.7M | ||
| Q2 25 | $37.3M | $30.1M | ||
| Q1 25 | $11.5M | $11.7M | ||
| Q4 24 | $82.5M | $38.0M | ||
| Q3 24 | $39.5M | $76.2M | ||
| Q2 24 | $43.1M | $21.5M | ||
| Q1 24 | $-29.4M | $12.6M |
自由现金流CSGSTILE
| Q4 25 | $55.8M | $28.6M | ||
| Q3 25 | $43.9M | $66.1M | ||
| Q2 25 | $34.6M | $22.8M | ||
| Q1 25 | $7.1M | $4.3M | ||
| Q4 24 | $76.6M | $24.4M | ||
| Q3 24 | $32.0M | $69.7M | ||
| Q2 24 | $38.8M | $12.0M | ||
| Q1 24 | $-34.1M | $8.6M |
自由现金流率CSGSTILE
| Q4 25 | 17.3% | 8.2% | ||
| Q3 25 | 14.5% | 18.1% | ||
| Q2 25 | 11.6% | 6.1% | ||
| Q1 25 | 2.4% | 1.4% | ||
| Q4 24 | 24.2% | 7.3% | ||
| Q3 24 | 10.8% | 20.3% | ||
| Q2 24 | 13.4% | 3.5% | ||
| Q1 24 | -11.6% | 3.0% |
资本支出强度CSGSTILE
| Q4 25 | 1.1% | 5.9% | ||
| Q3 25 | 1.3% | 2.9% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 1.5% | 2.5% | ||
| Q4 24 | 1.9% | 4.1% | ||
| Q3 24 | 2.5% | 1.9% | ||
| Q2 24 | 1.5% | 2.8% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率CSGSTILE
| Q4 25 | 8.46× | 2.02× | ||
| Q3 25 | 2.34× | 1.66× | ||
| Q2 25 | 3.04× | 0.93× | ||
| Q1 25 | 0.71× | 0.90× | ||
| Q4 24 | 2.39× | 1.75× | ||
| Q3 24 | 2.07× | 2.68× | ||
| Q2 24 | 3.12× | 0.95× | ||
| Q1 24 | -1.51× | 0.89× |
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% |
TILE
| AMS | $205.9M | 59% |
| EAAA | $143.5M | 41% |
