vs
南玻集团（CSGS）与UNIFIRST CORP（UNF）财务数据对比。点击上方公司名可切换其他公司
UNIFIRST CORP的季度营收约是南玻集团的1.9倍（$621.3M vs $323.1M），UNIFIRST CORP净利率更高（5.5% vs 2.2%，领先3.4%），UNIFIRST CORP同比增速更快（2.7% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-24.0M），过去两年南玻集团的营收复合增速更高（4.6% vs 2.3%）
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。
UniFirst是总部位于美国马萨诸塞州威尔明顿的职业工装租赁服务商，业务覆盖工装及防护服装的生产、销售与租赁。公司拥有超过1.4万名员工，在美、加、欧设有260多处运营网点，涵盖客服中心、核净化设施、洁净车间、配送中心及生产工厂。
CSGS vs UNF — 直观对比
营收规模更大
UNF
是对方的1.9倍
$323.1M
营收增速更快
UNF
高出0.7%
2.0%
净利率更高
UNF
高出3.4%
2.2%
自由现金流更多
CSGS
多$79.8M
$-24.0M
两年增速更快
CSGS
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $621.3M |
| 净利润 | $7.0M | $34.4M |
| 毛利率 | 50.0% | 36.7% |
| 营业利润率 | 9.0% | 7.3% |
| 净利率 | 2.2% | 5.5% |
| 营收同比 | 2.0% | 2.7% |
| 净利润同比 | -79.7% | -20.3% |
| 每股收益（稀释后） | $0.24 | $1.89 |
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CSGSUNF
| Q4 25 | $323.1M | $621.3M | ||
| Q3 25 | $303.6M | $614.4M | ||
| Q2 25 | $297.1M | $610.8M | ||
| Q1 25 | $299.5M | — | ||
| Q4 24 | $316.7M | $604.9M | ||
| Q3 24 | $295.1M | $639.9M | ||
| Q2 24 | $290.3M | $603.3M | ||
| Q1 24 | $295.1M | $590.7M |
净利润CSGSUNF
| Q4 25 | $7.0M | $34.4M | ||
| Q3 25 | $20.5M | $41.0M | ||
| Q2 25 | $12.3M | $39.7M | ||
| Q1 25 | $16.1M | — | ||
| Q4 24 | $34.5M | $43.1M | ||
| Q3 24 | $19.1M | $44.6M | ||
| Q2 24 | $13.8M | $38.1M | ||
| Q1 24 | $19.5M | $20.5M |
毛利率CSGSUNF
| Q4 25 | 50.0% | 36.7% | ||
| Q3 25 | 48.1% | 37.8% | ||
| Q2 25 | 49.5% | 36.9% | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 51.3% | 37.0% | ||
| Q3 24 | 49.4% | 36.1% | ||
| Q2 24 | 47.3% | 35.2% | ||
| Q1 24 | 46.5% | 32.9% |
营业利润率CSGSUNF
| Q4 25 | 9.0% | 7.3% | ||
| Q3 25 | 10.0% | 8.1% | ||
| Q2 25 | 10.0% | 7.9% | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 13.4% | 9.2% | ||
| Q3 24 | 10.8% | 8.4% | ||
| Q2 24 | 8.8% | 8.0% | ||
| Q1 24 | 10.8% | 4.7% |
净利率CSGSUNF
| Q4 25 | 2.2% | 5.5% | ||
| Q3 25 | 6.7% | 6.7% | ||
| Q2 25 | 4.1% | 6.5% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 10.9% | 7.1% | ||
| Q3 24 | 6.5% | 7.0% | ||
| Q2 24 | 4.8% | 6.3% | ||
| Q1 24 | 6.6% | 3.5% |
每股收益（稀释后）CSGSUNF
| Q4 25 | $0.24 | $1.89 | ||
| Q3 25 | $0.73 | $2.23 | ||
| Q2 25 | $0.44 | $2.13 | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | $2.31 | ||
| Q3 24 | $0.67 | $2.39 | ||
| Q2 24 | $0.48 | $2.03 | ||
| Q1 24 | $0.68 | $1.09 |
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 | $129.5M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $2.2B |
| 总资产 | $1.5B | $2.8B |
| 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CSGSUNF
| Q4 25 | $180.0M | $129.5M | ||
| Q3 25 | $158.4M | $209.2M | ||
| Q2 25 | $145.9M | $211.9M | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | $181.0M | ||
| Q3 24 | $118.4M | $175.1M | ||
| Q2 24 | $110.4M | $125.4M | ||
| Q1 24 | $120.8M | $101.9M |
总债务CSGSUNF
| 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CSGSUNF
| Q4 25 | $283.7M | $2.2B | ||
| Q3 25 | $289.5M | $2.2B | ||
| Q2 25 | $290.7M | $2.2B | ||
| Q1 25 | $283.1M | — | ||
| Q4 24 | $282.6M | $2.1B | ||
| Q3 24 | $288.4M | $2.1B | ||
| Q2 24 | $273.3M | $2.1B | ||
| Q1 24 | $269.3M | $2.0B |
总资产CSGSUNF
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | $1.5B | $2.8B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.3B | $2.6B |
负债/权益比CSGSUNF
| 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 | $14.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-24.0M |
| 自由现金流率自由现金流/营收 | 17.3% | -3.9% |
| 资本支出强度资本支出/营收 | 1.1% | 6.3% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.43× |
| 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CSGSUNF
| Q4 25 | $59.2M | $14.9M | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $37.3M | $138.4M | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $82.5M | $58.1M | ||
| Q3 24 | $39.5M | $102.3M | ||
| Q2 24 | $43.1M | $86.3M | ||
| Q1 24 | $-29.4M | $61.1M |
自由现金流CSGSUNF
| Q4 25 | $55.8M | $-24.0M | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $62.1M | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | $24.6M | ||
| Q3 24 | $32.0M | $63.8M | ||
| Q2 24 | $38.8M | $37.3M | ||
| Q1 24 | $-34.1M | $27.2M |
自由现金流率CSGSUNF
| Q4 25 | 17.3% | -3.9% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | 10.2% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | 4.1% | ||
| Q3 24 | 10.8% | 10.0% | ||
| Q2 24 | 13.4% | 6.2% | ||
| Q1 24 | -11.6% | 4.6% |
资本支出强度CSGSUNF
| Q4 25 | 1.1% | 6.3% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | 12.5% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | 5.5% | ||
| Q3 24 | 2.5% | 6.0% | ||
| Q2 24 | 1.5% | 8.1% | ||
| Q1 24 | 1.6% | 5.7% |
现金转化率CSGSUNF
| Q4 25 | 8.46× | 0.43× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 3.49× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 1.35× | ||
| Q3 24 | 2.07× | 2.29× | ||
| Q2 24 | 3.12× | 2.27× | ||
| Q1 24 | -1.51× | 2.98× |
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% |
UNF
| Uniforms And Facility Service Solutions | $568.8M | 92% |
| First Aid And Safety Solutions | $30.8M | 5% |
| Other | $22.9M | 4% |
| Served As An Senior Officer | $400.0K | 0% |
