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南玻集团（CSGS）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是南玻集团的5.1倍（$1.6B vs $323.1M）。Toast, Inc.净利率更高（6.2% vs 2.2%，领先4.0%）。Toast, Inc.同比增速更快（22.0% vs 2.0%）。Toast, Inc.自由现金流更多（$178.0M vs $55.8M）。过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
CSGS vs TOST — 直观对比
营收规模更大
TOST
是对方的5.1倍
$323.1M
营收增速更快
TOST
高出20.0%
2.0%
净利率更高
TOST
高出4.0%
2.2%
自由现金流更多
TOST
多$122.2M
$55.8M
两年增速更快
TOST
近两年复合增速
4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $1.6B |
| 净利润 | $7.0M | $101.0M |
| 毛利率 | 50.0% | 25.9% |
| 营业利润率 | 9.0% | 5.2% |
| 净利率 | 2.2% | 6.2% |
| 营收同比 | 2.0% | 22.0% |
| 净利润同比 | -79.7% | 215.6% |
| 每股收益（稀释后） | $0.24 | $0.18 |
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CSGSTOST
| Q4 25 | $323.1M | $1.6B | ||
| Q3 25 | $303.6M | $1.6B | ||
| Q2 25 | $297.1M | $1.6B | ||
| Q1 25 | $299.5M | $1.3B | ||
| Q4 24 | $316.7M | $1.3B | ||
| Q3 24 | $295.1M | $1.3B | ||
| Q2 24 | $290.3M | $1.2B | ||
| Q1 24 | $295.1M | $1.1B |
净利润CSGSTOST
| Q4 25 | $7.0M | $101.0M | ||
| Q3 25 | $20.5M | $105.0M | ||
| Q2 25 | $12.3M | $80.0M | ||
| Q1 25 | $16.1M | $56.0M | ||
| Q4 24 | $34.5M | $32.0M | ||
| Q3 24 | $19.1M | $56.0M | ||
| Q2 24 | $13.8M | $14.0M | ||
| Q1 24 | $19.5M | $-83.0M |
毛利率CSGSTOST
| Q4 25 | 50.0% | 25.9% | ||
| Q3 25 | 48.1% | 26.5% | ||
| Q2 25 | 49.5% | 25.3% | ||
| Q1 25 | 48.4% | 25.9% | ||
| Q4 24 | 51.3% | 24.9% | ||
| Q3 24 | 49.4% | 24.7% | ||
| Q2 24 | 47.3% | 23.0% | ||
| Q1 24 | 46.5% | 23.2% |
营业利润率CSGSTOST
| Q4 25 | 9.0% | 5.2% | ||
| Q3 25 | 10.0% | 5.1% | ||
| Q2 25 | 10.0% | 5.2% | ||
| Q1 25 | 9.8% | 3.2% | ||
| Q4 24 | 13.4% | 2.5% | ||
| Q3 24 | 10.8% | 2.6% | ||
| Q2 24 | 8.8% | 0.4% | ||
| Q1 24 | 10.8% | -5.2% |
净利率CSGSTOST
| Q4 25 | 2.2% | 6.2% | ||
| Q3 25 | 6.7% | 6.4% | ||
| Q2 25 | 4.1% | 5.2% | ||
| Q1 25 | 5.4% | 4.2% | ||
| Q4 24 | 10.9% | 2.4% | ||
| Q3 24 | 6.5% | 4.3% | ||
| Q2 24 | 4.8% | 1.1% | ||
| Q1 24 | 6.6% | -7.7% |
每股收益（稀释后）CSGSTOST
| Q4 25 | $0.24 | $0.18 | ||
| Q3 25 | $0.73 | $0.16 | ||
| Q2 25 | $0.44 | $0.13 | ||
| Q1 25 | $0.57 | $0.09 | ||
| Q4 24 | $1.20 | $0.09 | ||
| Q3 24 | $0.67 | $0.07 | ||
| Q2 24 | $0.48 | $0.02 | ||
| Q1 24 | $0.68 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $2.1B |
| 总资产 | $1.5B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.90× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGSTOST
| Q4 25 | $180.0M | $1.4B | ||
| Q3 25 | $158.4M | $1.4B | ||
| Q2 25 | $145.9M | $1.2B | ||
| Q1 25 | $136.0M | $1.0B | ||
| Q4 24 | $161.8M | $903.0M | ||
| Q3 24 | $118.4M | $761.0M | ||
| Q2 24 | $110.4M | $691.0M | ||
| Q1 24 | $120.8M | $578.0M |
总债务CSGSTOST
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSTOST
| Q4 25 | $283.7M | $2.1B | ||
| Q3 25 | $289.5M | $2.0B | ||
| Q2 25 | $290.7M | $1.8B | ||
| Q1 25 | $283.1M | $1.7B | ||
| Q4 24 | $282.6M | $1.5B | ||
| Q3 24 | $288.4M | $1.4B | ||
| Q2 24 | $273.3M | $1.3B | ||
| Q1 24 | $269.3M | $1.2B |
总资产CSGSTOST
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.5B | $3.0B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比CSGSTOST
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $178.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 10.9% |
| 资本支出强度资本支出/营收 | 1.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 8.46× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $608.0M |
8季度趋势，按日历期对齐
经营现金流CSGSTOST
| Q4 25 | $59.2M | $194.0M | ||
| Q3 25 | $47.9M | $165.0M | ||
| Q2 25 | $37.3M | $223.0M | ||
| Q1 25 | $11.5M | $79.0M | ||
| Q4 24 | $82.5M | $147.0M | ||
| Q3 24 | $39.5M | $109.0M | ||
| Q2 24 | $43.1M | $124.0M | ||
| Q1 24 | $-29.4M | $-20.0M |
自由现金流CSGSTOST
| Q4 25 | $55.8M | $178.0M | ||
| Q3 25 | $43.9M | $153.0M | ||
| Q2 25 | $34.6M | $208.0M | ||
| Q1 25 | $7.1M | $69.0M | ||
| Q4 24 | $76.6M | $134.0M | ||
| Q3 24 | $32.0M | $97.0M | ||
| Q2 24 | $38.8M | $108.0M | ||
| Q1 24 | $-34.1M | $-33.0M |
自由现金流率CSGSTOST
| Q4 25 | 17.3% | 10.9% | ||
| Q3 25 | 14.5% | 9.4% | ||
| Q2 25 | 11.6% | 13.4% | ||
| Q1 25 | 2.4% | 5.2% | ||
| Q4 24 | 24.2% | 10.0% | ||
| Q3 24 | 10.8% | 7.4% | ||
| Q2 24 | 13.4% | 8.7% | ||
| Q1 24 | -11.6% | -3.1% |
资本支出强度CSGSTOST
| Q4 25 | 1.1% | 1.0% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 1.5% | 0.7% | ||
| Q4 24 | 1.9% | 1.0% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率CSGSTOST
| Q4 25 | 8.46× | 1.92× | ||
| Q3 25 | 2.34× | 1.57× | ||
| Q2 25 | 3.04× | 2.79× | ||
| Q1 25 | 0.71× | 1.41× | ||
| Q4 24 | 2.39× | 4.59× | ||
| Q3 24 | 2.07× | 1.95× | ||
| Q2 24 | 3.12× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
