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南玻集团（CSGS）与VERRA MOBILITY Corp（VRRM）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VERRA MOBILITY Corp的1.3倍（$323.1M vs $257.9M），VERRA MOBILITY Corp净利率更高（7.3% vs 2.2%，领先5.2%），VERRA MOBILITY Corp同比增速更快（16.4% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $5.7M），过去两年VERRA MOBILITY Corp的营收复合增速更高（10.9% 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。
Verra Mobility Corp是全球领先的智慧出行技术解决方案提供商，业务涵盖收费管理、停车与交通合规执法、车联网服务及车队管理工具，服务对象包括政府交通部门、租车运营商、商业车队所有者及汽车行业合作伙伴，覆盖北美、欧洲及亚太市场。
CSGS vs VRRM — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$257.9M
营收增速更快
VRRM
高出14.4%
2.0%
净利率更高
VRRM
高出5.2%
2.2%
自由现金流更多
CSGS
多$50.1M
$5.7M
两年增速更快
VRRM
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $257.9M |
| 净利润 | $7.0M | $18.9M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 16.7% |
| 净利率 | 2.2% | 7.3% |
| 营收同比 | 2.0% | 16.4% |
| 净利润同比 | -79.7% | 128.3% |
| 每股收益（稀释后） | $0.24 | $0.12 |
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CSGSVRRM
| Q4 25 | $323.1M | $257.9M | ||
| Q3 25 | $303.6M | $261.9M | ||
| Q2 25 | $297.1M | $236.0M | ||
| Q1 25 | $299.5M | $223.3M | ||
| Q4 24 | $316.7M | $221.5M | ||
| Q3 24 | $295.1M | $225.6M | ||
| Q2 24 | $290.3M | $222.4M | ||
| Q1 24 | $295.1M | $209.7M |
净利润CSGSVRRM
| Q4 25 | $7.0M | $18.9M | ||
| Q3 25 | $20.5M | $46.8M | ||
| Q2 25 | $12.3M | $38.6M | ||
| Q1 25 | $16.1M | $32.3M | ||
| Q4 24 | $34.5M | $-66.7M | ||
| Q3 24 | $19.1M | $34.7M | ||
| Q2 24 | $13.8M | $34.2M | ||
| Q1 24 | $19.5M | $29.1M |
毛利率CSGSVRRM
| 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CSGSVRRM
| Q4 25 | 9.0% | 16.7% | ||
| Q3 25 | 10.0% | 28.6% | ||
| Q2 25 | 10.0% | 26.8% | ||
| Q1 25 | 9.8% | 25.7% | ||
| Q4 24 | 13.4% | -19.6% | ||
| Q3 24 | 10.8% | 28.3% | ||
| Q2 24 | 8.8% | 27.5% | ||
| Q1 24 | 10.8% | 25.9% |
净利率CSGSVRRM
| Q4 25 | 2.2% | 7.3% | ||
| Q3 25 | 6.7% | 17.9% | ||
| Q2 25 | 4.1% | 16.3% | ||
| Q1 25 | 5.4% | 14.5% | ||
| Q4 24 | 10.9% | -30.1% | ||
| Q3 24 | 6.5% | 15.4% | ||
| Q2 24 | 4.8% | 15.4% | ||
| Q1 24 | 6.6% | 13.9% |
每股收益（稀释后）CSGSVRRM
| Q4 25 | $0.24 | $0.12 | ||
| Q3 25 | $0.73 | $0.29 | ||
| Q2 25 | $0.44 | $0.24 | ||
| Q1 25 | $0.57 | $0.20 | ||
| Q4 24 | $1.20 | $-0.39 | ||
| Q3 24 | $0.67 | $0.21 | ||
| Q2 24 | $0.48 | $0.20 | ||
| Q1 24 | $0.68 | $0.17 |
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 | $65.3M |
| 总债务越低越好 | $539.5M | $1.0B |
| 股东权益账面价值 | $283.7M | $293.0M |
| 总资产 | $1.5B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.90× | 3.51× |
8季度趋势，按日历期对齐
现金及短期投资CSGSVRRM
| Q4 25 | $180.0M | $65.3M | ||
| Q3 25 | $158.4M | $196.1M | ||
| Q2 25 | $145.9M | $147.7M | ||
| Q1 25 | $136.0M | $108.5M | ||
| Q4 24 | $161.8M | $77.6M | ||
| Q3 24 | $118.4M | $206.1M | ||
| Q2 24 | $110.4M | $122.0M | ||
| Q1 24 | $120.8M | $149.5M |
总债务CSGSVRRM
| Q4 25 | $539.5M | $1.0B | ||
| Q3 25 | $538.6M | $1.0B | ||
| Q2 25 | $537.8M | $1.0B | ||
| Q1 25 | $537.6M | $1.0B | ||
| Q4 24 | $538.5M | $1.0B | ||
| Q3 24 | $539.5M | $1.0B | ||
| Q2 24 | $540.5M | $1.0B | ||
| Q1 24 | $541.5M | $1.0B |
股东权益CSGSVRRM
| Q4 25 | $283.7M | $293.0M | ||
| Q3 25 | $289.5M | $403.1M | ||
| Q2 25 | $290.7M | $352.1M | ||
| Q1 25 | $283.1M | $299.6M | ||
| Q4 24 | $282.6M | $265.1M | ||
| Q3 24 | $288.4M | $486.5M | ||
| Q2 24 | $273.3M | $438.6M | ||
| Q1 24 | $269.3M | $449.0M |
总资产CSGSVRRM
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.3B | $1.8B |
负债/权益比CSGSVRRM
| Q4 25 | 1.90× | 3.51× | ||
| Q3 25 | 1.86× | 2.55× | ||
| Q2 25 | 1.85× | 2.93× | ||
| Q1 25 | 1.90× | 3.45× | ||
| Q4 24 | 1.91× | 3.90× | ||
| Q3 24 | 1.87× | 2.13× | ||
| Q2 24 | 1.98× | 2.36× | ||
| Q1 24 | 2.01× | 2.31× |
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 | $40.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $5.7M |
| 自由现金流率自由现金流/营收 | 17.3% | 2.2% |
| 资本支出强度资本支出/营收 | 1.1% | 13.3% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $136.7M |
8季度趋势，按日历期对齐
经营现金流CSGSVRRM
| Q4 25 | $59.2M | $40.0M | ||
| Q3 25 | $47.9M | $77.7M | ||
| Q2 25 | $37.3M | $75.1M | ||
| Q1 25 | $11.5M | $63.0M | ||
| Q4 24 | $82.5M | $40.5M | ||
| Q3 24 | $39.5M | $108.8M | ||
| Q2 24 | $43.1M | $40.0M | ||
| Q1 24 | $-29.4M | $34.3M |
自由现金流CSGSVRRM
| Q4 25 | $55.8M | $5.7M | ||
| Q3 25 | $43.9M | $49.0M | ||
| Q2 25 | $34.6M | $40.3M | ||
| Q1 25 | $7.1M | $41.7M | ||
| Q4 24 | $76.6M | $21.6M | ||
| Q3 24 | $32.0M | $85.1M | ||
| Q2 24 | $38.8M | $26.0M | ||
| Q1 24 | $-34.1M | $20.1M |
自由现金流率CSGSVRRM
| Q4 25 | 17.3% | 2.2% | ||
| Q3 25 | 14.5% | 18.7% | ||
| Q2 25 | 11.6% | 17.1% | ||
| Q1 25 | 2.4% | 18.7% | ||
| Q4 24 | 24.2% | 9.8% | ||
| Q3 24 | 10.8% | 37.7% | ||
| Q2 24 | 13.4% | 11.7% | ||
| Q1 24 | -11.6% | 9.6% |
资本支出强度CSGSVRRM
| Q4 25 | 1.1% | 13.3% | ||
| Q3 25 | 1.3% | 11.0% | ||
| Q2 25 | 0.9% | 14.8% | ||
| Q1 25 | 1.5% | 9.5% | ||
| Q4 24 | 1.9% | 8.5% | ||
| Q3 24 | 2.5% | 10.5% | ||
| Q2 24 | 1.5% | 6.3% | ||
| Q1 24 | 1.6% | 6.8% |
现金转化率CSGSVRRM
| Q4 25 | 8.46× | 2.12× | ||
| Q3 25 | 2.34× | 1.66× | ||
| Q2 25 | 3.04× | 1.95× | ||
| Q1 25 | 0.71× | 1.95× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 3.13× | ||
| Q2 24 | 3.12× | 1.17× | ||
| Q1 24 | -1.51× | 1.18× |
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% |
VRRM
| Services | $239.5M | 93% |
| CA | $8.4M | 3% |
| GB | $5.7M | 2% |
| Other Customer | $1.6M | 1% |
| Parking Solutions | $1.1M | 0% |
