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南玻集团（CSGS）与WAFD INC（WAFD）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WAFD INC的1.7倍（$323.1M vs $191.4M），WAFD INC净利率更高（33.5% vs 2.2%，领先31.4%），WAFD INC同比增速更快（11.8% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $50.0M），过去两年WAFD INC的营收复合增速更高（5.5% 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。
WAFD银行总部位于美国华盛顿州西雅图市，是美国头部银行之一，业务覆盖华盛顿州、俄勒冈州、爱达荷州、内华达州、犹他州、亚利桑那州、新墨西哥州、加利福尼亚州及得克萨斯州，共设有210家实体营业网点，为多州客户提供专业金融服务。
CSGS vs WAFD — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$191.4M
营收增速更快
WAFD
高出9.8%
2.0%
净利率更高
WAFD
高出31.4%
2.2%
自由现金流更多
CSGS
多$5.8M
$50.0M
两年增速更快
WAFD
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $191.4M |
| 净利润 | $7.0M | $64.2M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 43.0% |
| 净利率 | 2.2% | 33.5% |
| 营收同比 | 2.0% | 11.8% |
| 净利润同比 | -79.7% | 35.8% |
| 每股收益（稀释后） | $0.24 | $0.79 |
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CSGSWAFD
| Q4 25 | $323.1M | $191.4M | ||
| Q3 25 | $303.6M | $188.3M | ||
| Q2 25 | $297.1M | $186.3M | ||
| Q1 25 | $299.5M | $179.8M | ||
| Q4 24 | $316.7M | $171.1M | ||
| Q3 24 | $295.1M | $188.7M | ||
| Q2 24 | $290.3M | $194.4M | ||
| Q1 24 | $295.1M | $172.0M |
净利润CSGSWAFD
| Q4 25 | $7.0M | $64.2M | ||
| Q3 25 | $20.5M | $60.6M | ||
| Q2 25 | $12.3M | $62.0M | ||
| Q1 25 | $16.1M | $56.3M | ||
| Q4 24 | $34.5M | $47.3M | ||
| Q3 24 | $19.1M | $61.1M | ||
| Q2 24 | $13.8M | $64.6M | ||
| Q1 24 | $19.5M | $15.9M |
毛利率CSGSWAFD
| 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CSGSWAFD
| Q4 25 | 9.0% | 43.0% | ||
| Q3 25 | 10.0% | 41.2% | ||
| Q2 25 | 10.0% | 42.8% | ||
| Q1 25 | 9.8% | 40.1% | ||
| Q4 24 | 13.4% | 35.2% | ||
| Q3 24 | 10.8% | 42.8% | ||
| Q2 24 | 8.8% | 42.6% | ||
| Q1 24 | 10.8% | 12.2% |
净利率CSGSWAFD
| Q4 25 | 2.2% | 33.5% | ||
| Q3 25 | 6.7% | 32.2% | ||
| Q2 25 | 4.1% | 33.3% | ||
| Q1 25 | 5.4% | 31.3% | ||
| Q4 24 | 10.9% | 27.6% | ||
| Q3 24 | 6.5% | 32.4% | ||
| Q2 24 | 4.8% | 33.2% | ||
| Q1 24 | 6.6% | 9.2% |
每股收益（稀释后）CSGSWAFD
| Q4 25 | $0.24 | $0.79 | ||
| Q3 25 | $0.73 | $0.71 | ||
| Q2 25 | $0.44 | $0.73 | ||
| Q1 25 | $0.57 | $0.65 | ||
| Q4 24 | $1.20 | $0.54 | ||
| Q3 24 | $0.67 | $0.73 | ||
| Q2 24 | $0.48 | $0.75 | ||
| 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 | $734.9M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $3.0B |
| 总资产 | $1.5B | $27.3B |
| 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CSGSWAFD
| Q4 25 | $180.0M | $734.9M | ||
| Q3 25 | $158.4M | $657.3M | ||
| Q2 25 | $145.9M | $809.3M | ||
| Q1 25 | $136.0M | $1.2B | ||
| Q4 24 | $161.8M | $1.5B | ||
| Q3 24 | $118.4M | $2.4B | ||
| Q2 24 | $110.4M | $2.5B | ||
| Q1 24 | $120.8M | $1.5B |
总债务CSGSWAFD
| 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CSGSWAFD
| Q4 25 | $283.7M | $3.0B | ||
| Q3 25 | $289.5M | $3.0B | ||
| Q2 25 | $290.7M | $3.0B | ||
| Q1 25 | $283.1M | $3.0B | ||
| Q4 24 | $282.6M | $3.0B | ||
| Q3 24 | $288.4M | $3.0B | ||
| Q2 24 | $273.3M | $3.0B | ||
| Q1 24 | $269.3M | $2.9B |
总资产CSGSWAFD
| Q4 25 | $1.5B | $27.3B | ||
| Q3 25 | $1.5B | $26.7B | ||
| Q2 25 | $1.4B | $26.7B | ||
| Q1 25 | $1.4B | $27.6B | ||
| Q4 24 | $1.5B | $27.7B | ||
| Q3 24 | $1.4B | $28.1B | ||
| Q2 24 | $1.4B | $28.6B | ||
| Q1 24 | $1.3B | $30.1B |
负债/权益比CSGSWAFD
| 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 | $60.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $50.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 26.1% |
| 资本支出强度资本支出/营收 | 1.1% | 5.5% |
| 现金转化率经营现金流/净利润 | 8.46× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $377.9M |
8季度趋势，按日历期对齐
经营现金流CSGSWAFD
| Q4 25 | $59.2M | $60.5M | ||
| Q3 25 | $47.9M | $237.0M | ||
| Q2 25 | $37.3M | $58.0M | ||
| Q1 25 | $11.5M | $72.1M | ||
| Q4 24 | $82.5M | $49.4M | ||
| Q3 24 | $39.5M | $439.2M | ||
| Q2 24 | $43.1M | $63.1M | ||
| Q1 24 | $-29.4M | $169.2M |
自由现金流CSGSWAFD
| Q4 25 | $55.8M | $50.0M | ||
| Q3 25 | $43.9M | $208.2M | ||
| Q2 25 | $34.6M | $53.1M | ||
| Q1 25 | $7.1M | $66.6M | ||
| Q4 24 | $76.6M | $43.0M | ||
| Q3 24 | $32.0M | $414.6M | ||
| Q2 24 | $38.8M | $58.3M | ||
| Q1 24 | $-34.1M | $164.8M |
自由现金流率CSGSWAFD
| Q4 25 | 17.3% | 26.1% | ||
| Q3 25 | 14.5% | 110.6% | ||
| Q2 25 | 11.6% | 28.5% | ||
| Q1 25 | 2.4% | 37.0% | ||
| Q4 24 | 24.2% | 25.1% | ||
| Q3 24 | 10.8% | 219.7% | ||
| Q2 24 | 13.4% | 30.0% | ||
| Q1 24 | -11.6% | 95.8% |
资本支出强度CSGSWAFD
| Q4 25 | 1.1% | 5.5% | ||
| Q3 25 | 1.3% | 15.2% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 1.5% | 3.1% | ||
| Q4 24 | 1.9% | 3.8% | ||
| Q3 24 | 2.5% | 13.1% | ||
| Q2 24 | 1.5% | 2.5% | ||
| Q1 24 | 1.6% | 2.6% |
现金转化率CSGSWAFD
| Q4 25 | 8.46× | 0.94× | ||
| Q3 25 | 2.34× | 3.91× | ||
| Q2 25 | 3.04× | 0.94× | ||
| Q1 25 | 0.71× | 1.28× | ||
| Q4 24 | 2.39× | 1.05× | ||
| Q3 24 | 2.07× | 7.18× | ||
| Q2 24 | 3.12× | 0.98× | ||
| Q1 24 | -1.51× | 10.65× |
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% |
WAFD
暂无分部数据
