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南玻集团（CSGS）与Udemy, Inc.（UDMY）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Udemy, Inc.的1.7倍（$323.1M vs $194.0M），南玻集团净利率更高（2.2% vs -1.2%，领先3.4%），南玻集团同比增速更快（2.0% vs -3.0%），南玻集团自由现金流更多（$55.8M vs $15.0M），过去两年南玻集团的营收复合增速更高（4.6% vs -0.7%）
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。
Udemy是一家总部位于美国的教育科技企业，2010年成立，最初定位为大规模开放在线课程提供商，目前核心办公地点位于加州旧金山，在美、澳、印、爱、墨、土多国均设有分支机构。它主打在线教育平台，支持用户自主创建并分享课程，平台课程以按需点播的视频内容为主，截至2025年初已拥有数百万个人用户。
CSGS vs UDMY — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$194.0M
营收增速更快
CSGS
高出5.0%
-3.0%
净利率更高
CSGS
高出3.4%
-1.2%
自由现金流更多
CSGS
多$40.8M
$15.0M
两年增速更快
CSGS
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $194.0M |
| 净利润 | $7.0M | $-2.3M |
| 毛利率 | 50.0% | 66.0% |
| 营业利润率 | 9.0% | -1.8% |
| 净利率 | 2.2% | -1.2% |
| 营收同比 | 2.0% | -3.0% |
| 净利润同比 | -79.7% | 76.4% |
| 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CSGSUDMY
| Q4 25 | $323.1M | $194.0M | ||
| Q3 25 | $303.6M | $195.7M | ||
| Q2 25 | $297.1M | $199.9M | ||
| Q1 25 | $299.5M | $200.3M | ||
| Q4 24 | $316.7M | $199.9M | ||
| Q3 24 | $295.1M | $195.4M | ||
| Q2 24 | $290.3M | $194.4M | ||
| Q1 24 | $295.1M | $196.8M |
净利润CSGSUDMY
| Q4 25 | $7.0M | $-2.3M | ||
| Q3 25 | $20.5M | $1.6M | ||
| Q2 25 | $12.3M | $6.3M | ||
| Q1 25 | $16.1M | $-1.8M | ||
| Q4 24 | $34.5M | $-9.9M | ||
| Q3 24 | $19.1M | $-25.3M | ||
| Q2 24 | $13.8M | $-31.8M | ||
| Q1 24 | $19.5M | $-18.3M |
毛利率CSGSUDMY
| Q4 25 | 50.0% | 66.0% | ||
| Q3 25 | 48.1% | 65.9% | ||
| Q2 25 | 49.5% | 66.1% | ||
| Q1 25 | 48.4% | 64.6% | ||
| Q4 24 | 51.3% | 63.6% | ||
| Q3 24 | 49.4% | 63.0% | ||
| Q2 24 | 47.3% | 62.3% | ||
| Q1 24 | 46.5% | 61.2% |
营业利润率CSGSUDMY
| Q4 25 | 9.0% | -1.8% | ||
| Q3 25 | 10.0% | -0.1% | ||
| Q2 25 | 10.0% | 2.0% | ||
| Q1 25 | 9.8% | -2.2% | ||
| Q4 24 | 13.4% | -5.8% | ||
| Q3 24 | 10.8% | -15.1% | ||
| Q2 24 | 8.8% | -13.1% | ||
| Q1 24 | 10.8% | -11.5% |
净利率CSGSUDMY
| Q4 25 | 2.2% | -1.2% | ||
| Q3 25 | 6.7% | 0.8% | ||
| Q2 25 | 4.1% | 3.1% | ||
| Q1 25 | 5.4% | -0.9% | ||
| Q4 24 | 10.9% | -4.9% | ||
| Q3 24 | 6.5% | -12.9% | ||
| Q2 24 | 4.8% | -16.4% | ||
| Q1 24 | 6.6% | -9.3% |
每股收益（稀释后）CSGSUDMY
| Q4 25 | $0.24 | $-0.01 | ||
| Q3 25 | $0.73 | $0.01 | ||
| Q2 25 | $0.44 | $0.04 | ||
| Q1 25 | $0.57 | $-0.01 | ||
| Q4 24 | $1.20 | $-0.06 | ||
| Q3 24 | $0.67 | $-0.17 | ||
| Q2 24 | $0.48 | $-0.21 | ||
| Q1 24 | $0.68 | $-0.12 |
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 | $358.7M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $210.5M |
| 总资产 | $1.5B | $617.7M |
| 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CSGSUDMY
| Q4 25 | $180.0M | $358.7M | ||
| Q3 25 | $158.4M | $371.2M | ||
| Q2 25 | $145.9M | $392.0M | ||
| Q1 25 | $136.0M | $357.0M | ||
| Q4 24 | $161.8M | $354.4M | ||
| Q3 24 | $118.4M | $357.1M | ||
| Q2 24 | $110.4M | $420.9M | ||
| Q1 24 | $120.8M | $430.7M |
总债务CSGSUDMY
| 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CSGSUDMY
| Q4 25 | $283.7M | $210.5M | ||
| Q3 25 | $289.5M | $221.8M | ||
| Q2 25 | $290.7M | $233.4M | ||
| Q1 25 | $283.1M | $209.4M | ||
| Q4 24 | $282.6M | $197.4M | ||
| Q3 24 | $288.4M | $196.3M | ||
| Q2 24 | $273.3M | $252.3M | ||
| Q1 24 | $269.3M | $296.5M |
总资产CSGSUDMY
| Q4 25 | $1.5B | $617.7M | ||
| Q3 25 | $1.5B | $618.9M | ||
| Q2 25 | $1.4B | $644.0M | ||
| Q1 25 | $1.4B | $639.0M | ||
| Q4 24 | $1.5B | $605.6M | ||
| Q3 24 | $1.4B | $608.9M | ||
| Q2 24 | $1.4B | $671.9M | ||
| Q1 24 | $1.3B | $708.5M |
负债/权益比CSGSUDMY
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $15.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 7.7% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 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 | $81.9M |
8季度趋势，按日历期对齐
经营现金流CSGSUDMY
| Q4 25 | $59.2M | $15.5M | ||
| Q3 25 | $47.9M | $15.7M | ||
| Q2 25 | $37.3M | $44.2M | ||
| Q1 25 | $11.5M | $12.2M | ||
| Q4 24 | $82.5M | $9.6M | ||
| Q3 24 | $39.5M | $-6.1M | ||
| Q2 24 | $43.1M | $28.6M | ||
| Q1 24 | $-29.4M | $21.0M |
自由现金流CSGSUDMY
| Q4 25 | $55.8M | $15.0M | ||
| Q3 25 | $43.9M | $15.1M | ||
| Q2 25 | $34.6M | $41.9M | ||
| Q1 25 | $7.1M | $9.8M | ||
| Q4 24 | $76.6M | $8.4M | ||
| Q3 24 | $32.0M | $-6.7M | ||
| Q2 24 | $38.8M | $28.2M | ||
| Q1 24 | $-34.1M | $20.8M |
自由现金流率CSGSUDMY
| Q4 25 | 17.3% | 7.7% | ||
| Q3 25 | 14.5% | 7.7% | ||
| Q2 25 | 11.6% | 21.0% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 24.2% | 4.2% | ||
| Q3 24 | 10.8% | -3.4% | ||
| Q2 24 | 13.4% | 14.5% | ||
| Q1 24 | -11.6% | 10.6% |
资本支出强度CSGSUDMY
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 1.9% | 0.6% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率CSGSUDMY
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | 9.58× | ||
| Q2 25 | 3.04× | 7.06× | ||
| 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% |
UDMY
暂无分部数据
