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南玻集团（CSGS）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）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UNIVERSAL TECHNICAL INSTITUTE INC的1.5倍（$323.1M vs $220.8M），UNIVERSAL TECHNICAL INSTITUTE INC净利率更高（5.8% vs 2.2%，领先3.6%），UNIVERSAL TECHNICAL INSTITUTE INC同比增速更快（9.6% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-19.2M），过去两年UNIVERSAL TECHNICAL INSTITUTE INC的营收复合增速更高（9.5% 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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
CSGS vs UTI — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$220.8M
营收增速更快
UTI
高出7.6%
2.0%
净利率更高
UTI
高出3.6%
2.2%
自由现金流更多
CSGS
多$75.0M
$-19.2M
两年增速更快
UTI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $220.8M |
| 净利润 | $7.0M | $12.8M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 7.1% |
| 净利率 | 2.2% | 5.8% |
| 营收同比 | 2.0% | 9.6% |
| 净利润同比 | -79.7% | -42.1% |
| 每股收益（稀释后） | $0.24 | $0.23 |
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CSGSUTI
| Q4 25 | $323.1M | $220.8M | ||
| Q3 25 | $303.6M | $222.4M | ||
| Q2 25 | $297.1M | $204.3M | ||
| Q1 25 | $299.5M | $207.4M | ||
| Q4 24 | $316.7M | $201.4M | ||
| Q3 24 | $295.1M | $196.4M | ||
| Q2 24 | $290.3M | $177.5M | ||
| Q1 24 | $295.1M | $184.2M |
净利润CSGSUTI
| Q4 25 | $7.0M | $12.8M | ||
| Q3 25 | $20.5M | $18.8M | ||
| Q2 25 | $12.3M | $10.7M | ||
| Q1 25 | $16.1M | $11.4M | ||
| Q4 24 | $34.5M | $22.2M | ||
| Q3 24 | $19.1M | $18.8M | ||
| Q2 24 | $13.8M | $5.0M | ||
| Q1 24 | $19.5M | $7.8M |
毛利率CSGSUTI
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 47.3% | — | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSUTI
| Q4 25 | 9.0% | 7.1% | ||
| Q3 25 | 10.0% | 11.2% | ||
| Q2 25 | 10.0% | 6.9% | ||
| Q1 25 | 9.8% | 8.1% | ||
| Q4 24 | 13.4% | 13.6% | ||
| Q3 24 | 10.8% | 13.3% | ||
| Q2 24 | 8.8% | 4.2% | ||
| Q1 24 | 10.8% | 6.1% |
净利率CSGSUTI
| Q4 25 | 2.2% | 5.8% | ||
| Q3 25 | 6.7% | 8.4% | ||
| Q2 25 | 4.1% | 5.2% | ||
| Q1 25 | 5.4% | 5.5% | ||
| Q4 24 | 10.9% | 11.0% | ||
| Q3 24 | 6.5% | 9.6% | ||
| Q2 24 | 4.8% | 2.8% | ||
| Q1 24 | 6.6% | 4.2% |
每股收益（稀释后）CSGSUTI
| Q4 25 | $0.24 | $0.23 | ||
| Q3 25 | $0.73 | $0.33 | ||
| Q2 25 | $0.44 | $0.19 | ||
| Q1 25 | $0.57 | $0.21 | ||
| Q4 24 | $1.20 | $0.40 | ||
| Q3 24 | $0.67 | $0.35 | ||
| Q2 24 | $0.48 | $0.09 | ||
| Q1 24 | $0.68 | $0.14 |
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 | $162.8M |
| 总债务越低越好 | $539.5M | $101.4M |
| 股东权益账面价值 | $283.7M | $335.9M |
| 总资产 | $1.5B | $834.0M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CSGSUTI
| Q4 25 | $180.0M | $162.8M | ||
| Q3 25 | $158.4M | $169.1M | ||
| Q2 25 | $145.9M | $70.7M | ||
| Q1 25 | $136.0M | $96.0M | ||
| Q4 24 | $161.8M | $172.0M | ||
| Q3 24 | $118.4M | $161.9M | ||
| Q2 24 | $110.4M | $115.5M | ||
| Q1 24 | $120.8M | $116.1M |
总债务CSGSUTI
| Q4 25 | $539.5M | $101.4M | ||
| Q3 25 | $538.6M | $87.1M | ||
| Q2 25 | $537.8M | $73.8M | ||
| Q1 25 | $537.6M | $94.4M | ||
| Q4 24 | $538.5M | $120.1M | ||
| Q3 24 | $539.5M | $125.7M | ||
| Q2 24 | $540.5M | $137.3M | ||
| Q1 24 | $541.5M | $141.9M |
股东权益CSGSUTI
| Q4 25 | $283.7M | $335.9M | ||
| Q3 25 | $289.5M | $328.1M | ||
| Q2 25 | $290.7M | $306.8M | ||
| Q1 25 | $283.1M | $293.9M | ||
| Q4 24 | $282.6M | $280.0M | ||
| Q3 24 | $288.4M | $260.2M | ||
| Q2 24 | $273.3M | $239.4M | ||
| Q1 24 | $269.3M | $232.6M |
总资产CSGSUTI
| Q4 25 | $1.5B | $834.0M | ||
| Q3 25 | $1.5B | $826.1M | ||
| Q2 25 | $1.4B | $740.8M | ||
| Q1 25 | $1.4B | $720.4M | ||
| Q4 24 | $1.5B | $753.8M | ||
| Q3 24 | $1.4B | $744.6M | ||
| Q2 24 | $1.4B | $706.0M | ||
| Q1 24 | $1.3B | $702.1M |
负债/权益比CSGSUTI
| Q4 25 | 1.90× | 0.30× | ||
| Q3 25 | 1.86× | 0.27× | ||
| Q2 25 | 1.85× | 0.24× | ||
| Q1 25 | 1.90× | 0.32× | ||
| Q4 24 | 1.91× | 0.43× | ||
| Q3 24 | 1.87× | 0.48× | ||
| Q2 24 | 1.98× | 0.57× | ||
| Q1 24 | 2.01× | 0.61× |
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 | $3.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-19.2M |
| 自由现金流率自由现金流/营收 | 17.3% | -8.7% |
| 资本支出强度资本支出/营收 | 1.1% | 10.1% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $16.6M |
8季度趋势，按日历期对齐
经营现金流CSGSUTI
| Q4 25 | $59.2M | $3.1M | ||
| Q3 25 | $47.9M | $57.1M | ||
| Q2 25 | $37.3M | $18.1M | ||
| Q1 25 | $11.5M | $-789.0K | ||
| Q4 24 | $82.5M | $23.0M | ||
| Q3 24 | $39.5M | $67.5M | ||
| Q2 24 | $43.1M | $10.0M | ||
| Q1 24 | $-29.4M | $-2.5M |
自由现金流CSGSUTI
| Q4 25 | $55.8M | $-19.2M | ||
| Q3 25 | $43.9M | $40.6M | ||
| Q2 25 | $34.6M | $6.8M | ||
| Q1 25 | $7.1M | $-11.7M | ||
| Q4 24 | $76.6M | $19.6M | ||
| Q3 24 | $32.0M | $60.0M | ||
| Q2 24 | $38.8M | $3.0M | ||
| Q1 24 | $-34.1M | $-8.4M |
自由现金流率CSGSUTI
| Q4 25 | 17.3% | -8.7% | ||
| Q3 25 | 14.5% | 18.3% | ||
| Q2 25 | 11.6% | 3.4% | ||
| Q1 25 | 2.4% | -5.7% | ||
| Q4 24 | 24.2% | 9.7% | ||
| Q3 24 | 10.8% | 30.6% | ||
| Q2 24 | 13.4% | 1.7% | ||
| Q1 24 | -11.6% | -4.6% |
资本支出强度CSGSUTI
| Q4 25 | 1.1% | 10.1% | ||
| Q3 25 | 1.3% | 7.4% | ||
| Q2 25 | 0.9% | 5.5% | ||
| Q1 25 | 1.5% | 5.3% | ||
| Q4 24 | 1.9% | 1.7% | ||
| Q3 24 | 2.5% | 3.8% | ||
| Q2 24 | 1.5% | 4.0% | ||
| Q1 24 | 1.6% | 3.2% |
现金转化率CSGSUTI
| Q4 25 | 8.46× | 0.24× | ||
| Q3 25 | 2.34× | 3.04× | ||
| Q2 25 | 3.04× | 1.69× | ||
| Q1 25 | 0.71× | -0.07× | ||
| Q4 24 | 2.39× | 1.04× | ||
| Q3 24 | 2.07× | 3.58× | ||
| Q2 24 | 3.12× | 2.01× | ||
| Q1 24 | -1.51× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
