vs
南玻集团（CSGS）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是南玻集团的1.1倍（$340.0M vs $323.1M），南玻集团净利率更高（2.2% vs -12.9%，领先15.1%），南玻集团同比增速更快（2.0% vs -0.4%），南玻集团自由现金流更多（$55.8M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
CSGS vs WD — 直观对比
营收规模更大
WD
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出2.5%
-0.4%
净利率更高
CSGS
高出15.1%
-12.9%
自由现金流更多
CSGS
多$735.9M
$-680.1M
两年增速更快
WD
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $340.0M |
| 净利润 | $7.0M | $-13.9M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | -17.2% |
| 净利率 | 2.2% | -12.9% |
| 营收同比 | 2.0% | -0.4% |
| 净利润同比 | -79.7% | -131.0% |
| 每股收益（稀释后） | $0.24 | $-0.41 |
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CSGSWD
| Q4 25 | $323.1M | $340.0M | ||
| Q3 25 | $303.6M | $337.7M | ||
| Q2 25 | $297.1M | $319.2M | ||
| Q1 25 | $299.5M | $237.4M | ||
| Q4 24 | $316.7M | $341.5M | ||
| Q3 24 | $295.1M | $292.3M | ||
| Q2 24 | $290.3M | $270.7M | ||
| Q1 24 | $295.1M | $228.1M |
净利润CSGSWD
| Q4 25 | $7.0M | $-13.9M | ||
| Q3 25 | $20.5M | $33.5M | ||
| Q2 25 | $12.3M | $34.0M | ||
| Q1 25 | $16.1M | $2.8M | ||
| Q4 24 | $34.5M | $44.8M | ||
| Q3 24 | $19.1M | $28.8M | ||
| Q2 24 | $13.8M | $22.7M | ||
| Q1 24 | $19.5M | $11.9M |
毛利率CSGSWD
| 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CSGSWD
| Q4 25 | 9.0% | -17.2% | ||
| Q3 25 | 10.0% | 13.6% | ||
| Q2 25 | 10.0% | 14.5% | ||
| Q1 25 | 9.8% | 2.2% | ||
| Q4 24 | 13.4% | 15.3% | ||
| Q3 24 | 10.8% | 12.8% | ||
| Q2 24 | 8.8% | 10.4% | ||
| Q1 24 | 10.8% | 6.0% |
净利率CSGSWD
| Q4 25 | 2.2% | -12.9% | ||
| Q3 25 | 6.7% | 9.9% | ||
| Q2 25 | 4.1% | 10.6% | ||
| Q1 25 | 5.4% | 1.2% | ||
| Q4 24 | 10.9% | 13.1% | ||
| Q3 24 | 6.5% | 9.9% | ||
| Q2 24 | 4.8% | 8.4% | ||
| Q1 24 | 6.6% | 5.2% |
每股收益（稀释后）CSGSWD
| Q4 25 | $0.24 | $-0.41 | ||
| Q3 25 | $0.73 | $0.98 | ||
| Q2 25 | $0.44 | $0.99 | ||
| Q1 25 | $0.57 | $0.08 | ||
| Q4 24 | $1.20 | $1.32 | ||
| Q3 24 | $0.67 | $0.85 | ||
| Q2 24 | $0.48 | $0.67 | ||
| Q1 24 | $0.68 | $0.35 |
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 | $299.3M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $1.7B |
| 总资产 | $1.5B | $5.1B |
| 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CSGSWD
| Q4 25 | $180.0M | $299.3M | ||
| Q3 25 | $158.4M | $274.8M | ||
| Q2 25 | $145.9M | $233.7M | ||
| Q1 25 | $136.0M | $181.0M | ||
| Q4 24 | $161.8M | $279.3M | ||
| Q3 24 | $118.4M | $179.8M | ||
| Q2 24 | $110.4M | $208.1M | ||
| Q1 24 | $120.8M | $216.5M |
总债务CSGSWD
| 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CSGSWD
| Q4 25 | $283.7M | $1.7B | ||
| Q3 25 | $289.5M | $1.8B | ||
| Q2 25 | $290.7M | $1.8B | ||
| Q1 25 | $283.1M | $1.7B | ||
| Q4 24 | $282.6M | $1.7B | ||
| Q3 24 | $288.4M | $1.7B | ||
| Q2 24 | $273.3M | $1.7B | ||
| Q1 24 | $269.3M | $1.7B |
总资产CSGSWD
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.4B | $4.7B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.5B | $4.4B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.3B | $3.8B |
负债/权益比CSGSWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-680.1M |
| 自由现金流率自由现金流/营收 | 17.3% | -200.0% |
| 资本支出强度资本支出/营收 | 1.1% | 4.6% |
| 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 | $-2.2B |
8季度趋势，按日历期对齐
经营现金流CSGSWD
| Q4 25 | $59.2M | $-664.3M | ||
| Q3 25 | $47.9M | $-948.1M | ||
| Q2 25 | $37.3M | $-238.5M | ||
| Q1 25 | $11.5M | $-281.1M | ||
| Q4 24 | $82.5M | $129.4M | ||
| Q3 24 | $39.5M | $-202.0M | ||
| Q2 24 | $43.1M | $-237.8M | ||
| Q1 24 | $-29.4M | $38.4M |
自由现金流CSGSWD
| Q4 25 | $55.8M | $-680.1M | ||
| Q3 25 | $43.9M | $-950.4M | ||
| Q2 25 | $34.6M | $-241.0M | ||
| Q1 25 | $7.1M | $-284.7M | ||
| Q4 24 | $76.6M | $116.4M | ||
| Q3 24 | $32.0M | $-204.0M | ||
| Q2 24 | $38.8M | $-241.7M | ||
| Q1 24 | $-34.1M | $35.2M |
自由现金流率CSGSWD
| Q4 25 | 17.3% | -200.0% | ||
| Q3 25 | 14.5% | -281.5% | ||
| Q2 25 | 11.6% | -75.5% | ||
| Q1 25 | 2.4% | -120.0% | ||
| Q4 24 | 24.2% | 34.1% | ||
| Q3 24 | 10.8% | -69.8% | ||
| Q2 24 | 13.4% | -89.3% | ||
| Q1 24 | -11.6% | 15.4% |
资本支出强度CSGSWD
| Q4 25 | 1.1% | 4.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 0.9% | 0.8% | ||
| Q1 25 | 1.5% | 1.5% | ||
| Q4 24 | 1.9% | 3.8% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 1.5% | 1.4% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率CSGSWD
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | -28.34× | ||
| Q2 25 | 3.04× | -7.02× | ||
| Q1 25 | 0.71× | -102.07× | ||
| Q4 24 | 2.39× | 2.89× | ||
| Q3 24 | 2.07× | -7.01× | ||
| Q2 24 | 3.12× | -10.49× | ||
| Q1 24 | -1.51× | 3.24× |
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% |
WD
暂无分部数据
