vs
南玻集团（CSGS）与Titan Machinery Inc.（TITN）财务数据对比。点击上方公司名可切换其他公司
Titan Machinery Inc.的季度营收约是南玻集团的2.0倍（$644.5M vs $323.1M），南玻集团净利率更高（2.2% vs 0.2%，领先2.0%），南玻集团同比增速更快（2.0% vs -5.2%），过去两年南玻集团的营收复合增速更高（4.6% vs -13.0%）
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。
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
CSGS vs TITN — 直观对比
营收规模更大
TITN
是对方的2.0倍
$323.1M
营收增速更快
CSGS
高出7.2%
-5.2%
净利率更高
CSGS
高出2.0%
0.2%
两年增速更快
CSGS
近两年复合增速
-13.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $644.5M |
| 净利润 | $7.0M | $1.2M |
| 毛利率 | 50.0% | 17.2% |
| 营业利润率 | 9.0% | 1.6% |
| 净利率 | 2.2% | 0.2% |
| 营收同比 | 2.0% | -5.2% |
| 净利润同比 | -79.7% | -30.1% |
| 每股收益（稀释后） | $0.24 | $0.05 |
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CSGSTITN
| Q4 25 | $323.1M | $644.5M | ||
| Q3 25 | $303.6M | $546.4M | ||
| Q2 25 | $297.1M | $594.3M | ||
| Q1 25 | $299.5M | $759.9M | ||
| Q4 24 | $316.7M | $679.8M | ||
| Q3 24 | $295.1M | $633.7M | ||
| Q2 24 | $290.3M | $628.7M | ||
| Q1 24 | $295.1M | $852.1M |
净利润CSGSTITN
| Q4 25 | $7.0M | $1.2M | ||
| Q3 25 | $20.5M | $-6.0M | ||
| Q2 25 | $12.3M | $-13.2M | ||
| Q1 25 | $16.1M | $-43.8M | ||
| Q4 24 | $34.5M | $1.7M | ||
| Q3 24 | $19.1M | $-4.3M | ||
| Q2 24 | $13.8M | $9.4M | ||
| Q1 24 | $19.5M | $24.0M |
毛利率CSGSTITN
| Q4 25 | 50.0% | 17.2% | ||
| Q3 25 | 48.1% | 17.1% | ||
| Q2 25 | 49.5% | 15.3% | ||
| Q1 25 | 48.4% | 6.7% | ||
| Q4 24 | 51.3% | 16.3% | ||
| Q3 24 | 49.4% | 17.7% | ||
| Q2 24 | 47.3% | 19.4% | ||
| Q1 24 | 46.5% | 16.6% |
营业利润率CSGSTITN
| Q4 25 | 9.0% | 1.6% | ||
| Q3 25 | 10.0% | 0.1% | ||
| Q2 25 | 10.0% | -1.0% | ||
| Q1 25 | 9.8% | -6.0% | ||
| Q4 24 | 13.4% | 1.7% | ||
| Q3 24 | 10.8% | 2.5% | ||
| Q2 24 | 8.8% | 3.6% | ||
| Q1 24 | 10.8% | 4.8% |
净利率CSGSTITN
| Q4 25 | 2.2% | 0.2% | ||
| Q3 25 | 6.7% | -1.1% | ||
| Q2 25 | 4.1% | -2.2% | ||
| Q1 25 | 5.4% | -5.8% | ||
| Q4 24 | 10.9% | 0.3% | ||
| Q3 24 | 6.5% | -0.7% | ||
| Q2 24 | 4.8% | 1.5% | ||
| Q1 24 | 6.6% | 2.8% |
每股收益（稀释后）CSGSTITN
| Q4 25 | $0.24 | $0.05 | ||
| Q3 25 | $0.73 | $-0.26 | ||
| Q2 25 | $0.44 | $-0.58 | ||
| Q1 25 | $0.57 | $-1.92 | ||
| Q4 24 | $1.20 | $0.07 | ||
| Q3 24 | $0.67 | $-0.19 | ||
| Q2 24 | $0.48 | $0.41 | ||
| Q1 24 | $0.68 | $1.04 |
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 | — |
| 总债务越低越好 | $539.5M | $176.6M |
| 股东权益账面价值 | $283.7M | $612.6M |
| 总资产 | $1.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资CSGSTITN
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — | ||
| Q1 24 | $120.8M | — |
总债务CSGSTITN
| Q4 25 | $539.5M | $176.6M | ||
| Q3 25 | $538.6M | $164.5M | ||
| Q2 25 | $537.8M | $165.3M | ||
| Q1 25 | $537.6M | $168.7M | ||
| Q4 24 | $538.5M | $140.6M | ||
| Q3 24 | $539.5M | $126.6M | ||
| Q2 24 | $540.5M | $119.3M | ||
| Q1 24 | $541.5M | $120.1M |
股东权益CSGSTITN
| Q4 25 | $283.7M | $612.6M | ||
| Q3 25 | $289.5M | $610.3M | ||
| Q2 25 | $290.7M | $605.4M | ||
| Q1 25 | $283.1M | $614.1M | ||
| Q4 24 | $282.6M | $668.2M | ||
| Q3 24 | $288.4M | $659.6M | ||
| Q2 24 | $273.3M | $662.6M | ||
| Q1 24 | $269.3M | $657.6M |
总资产CSGSTITN
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.3B | $2.0B |
负债/权益比CSGSTITN
| Q4 25 | 1.90× | 0.29× | ||
| Q3 25 | 1.86× | 0.27× | ||
| Q2 25 | 1.85× | 0.27× | ||
| Q1 25 | 1.90× | 0.27× | ||
| Q4 24 | 1.91× | 0.21× | ||
| Q3 24 | 1.87× | 0.19× | ||
| Q2 24 | 1.98× | 0.18× | ||
| Q1 24 | 2.01× | 0.18× |
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 | $34.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 8.46× | 28.37× |
| 过去12个月自由现金流最近4个季度 | $141.4M | — |
8季度趋势，按日历期对齐
经营现金流CSGSTITN
| Q4 25 | $59.2M | $34.0M | ||
| Q3 25 | $47.9M | $43.7M | ||
| Q2 25 | $37.3M | $6.2M | ||
| Q1 25 | $11.5M | $126.5M | ||
| Q4 24 | $82.5M | $-8.8M | ||
| Q3 24 | $39.5M | $-15.0M | ||
| Q2 24 | $43.1M | $-32.4M | ||
| Q1 24 | $-29.4M | $49.8M |
自由现金流CSGSTITN
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — | ||
| Q1 24 | $-34.1M | — |
自由现金流率CSGSTITN
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | -11.6% | — |
资本支出强度CSGSTITN
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
现金转化率CSGSTITN
| Q4 25 | 8.46× | 28.37× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | -5.15× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | -3.43× | ||
| Q1 24 | -1.51× | 2.08× |
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% |
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
