vs
南玻集团（CSGS）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
W. P. Carey Inc.的季度营收约是南玻集团的1.4倍（$444.5M vs $323.1M），W. P. Carey Inc.净利率更高（33.4% vs 2.2%，领先31.2%），W. P. Carey Inc.同比增速更快（9.4% vs 2.0%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
CSGS vs WPC — 直观对比
营收规模更大
WPC
是对方的1.4倍
$323.1M
营收增速更快
WPC
高出7.4%
2.0%
净利率更高
WPC
高出31.2%
2.2%
两年增速更快
WPC
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $444.5M |
| 净利润 | $7.0M | $148.3M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 34.5% |
| 净利率 | 2.2% | 33.4% |
| 营收同比 | 2.0% | 9.4% |
| 净利润同比 | -79.7% | 215.4% |
| 每股收益（稀释后） | $0.24 | — |
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CSGSWPC
| Q4 25 | $323.1M | $444.5M | ||
| Q3 25 | $303.6M | $431.3M | ||
| Q2 25 | $297.1M | $430.8M | ||
| Q1 25 | $299.5M | $409.9M | ||
| Q4 24 | $316.7M | $406.2M | ||
| Q3 24 | $295.1M | $397.4M | ||
| Q2 24 | $290.3M | $389.7M | ||
| Q1 24 | $295.1M | $389.8M |
净利润CSGSWPC
| Q4 25 | $7.0M | $148.3M | ||
| Q3 25 | $20.5M | $141.0M | ||
| Q2 25 | $12.3M | $51.2M | ||
| Q1 25 | $16.1M | $125.8M | ||
| Q4 24 | $34.5M | $47.0M | ||
| Q3 24 | $19.1M | $111.7M | ||
| Q2 24 | $13.8M | $142.9M | ||
| Q1 24 | $19.5M | $159.2M |
毛利率CSGSWPC
| 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CSGSWPC
| Q4 25 | 9.0% | 34.5% | ||
| Q3 25 | 10.0% | 34.7% | ||
| Q2 25 | 10.0% | 15.0% | ||
| Q1 25 | 9.8% | 33.5% | ||
| Q4 24 | 13.4% | 13.5% | ||
| Q3 24 | 10.8% | 30.4% | ||
| Q2 24 | 8.8% | 38.3% | ||
| Q1 24 | 10.8% | 43.0% |
净利率CSGSWPC
| Q4 25 | 2.2% | 33.4% | ||
| Q3 25 | 6.7% | 32.7% | ||
| Q2 25 | 4.1% | 11.9% | ||
| Q1 25 | 5.4% | 30.7% | ||
| Q4 24 | 10.9% | 11.6% | ||
| Q3 24 | 6.5% | 28.1% | ||
| Q2 24 | 4.8% | 36.7% | ||
| Q1 24 | 6.6% | 40.8% |
每股收益（稀释后）CSGSWPC
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.48 | — | ||
| Q1 24 | $0.68 | — |
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 | $155.3M |
| 总债务越低越好 | $539.5M | $8.7B |
| 股东权益账面价值 | $283.7M | $8.1B |
| 总资产 | $1.5B | $18.0B |
| 负债/权益比越低杠杆越低 | 1.90× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资CSGSWPC
| Q4 25 | $180.0M | $155.3M | ||
| Q3 25 | $158.4M | $249.0M | ||
| Q2 25 | $145.9M | $244.8M | ||
| Q1 25 | $136.0M | $187.8M | ||
| Q4 24 | $161.8M | $640.4M | ||
| Q3 24 | $118.4M | $818.2M | ||
| Q2 24 | $110.4M | $1.1B | ||
| Q1 24 | $120.8M | $777.0M |
总债务CSGSWPC
| Q4 25 | $539.5M | $8.7B | ||
| Q3 25 | $538.6M | $8.7B | ||
| Q2 25 | $537.8M | $8.6B | ||
| Q1 25 | $537.6M | $7.9B | ||
| Q4 24 | $538.5M | $8.0B | ||
| Q3 24 | $539.5M | $8.0B | ||
| Q2 24 | $540.5M | $8.1B | ||
| Q1 24 | $541.5M | $7.9B |
股东权益CSGSWPC
| Q4 25 | $283.7M | $8.1B | ||
| Q3 25 | $289.5M | $8.2B | ||
| Q2 25 | $290.7M | $8.2B | ||
| Q1 25 | $283.1M | $8.4B | ||
| Q4 24 | $282.6M | $8.4B | ||
| Q3 24 | $288.4M | $8.6B | ||
| Q2 24 | $273.3M | $8.6B | ||
| Q1 24 | $269.3M | $8.7B |
总资产CSGSWPC
| Q4 25 | $1.5B | $18.0B | ||
| Q3 25 | $1.5B | $18.0B | ||
| Q2 25 | $1.4B | $18.0B | ||
| Q1 25 | $1.4B | $17.3B | ||
| Q4 24 | $1.5B | $17.5B | ||
| Q3 24 | $1.4B | $17.6B | ||
| Q2 24 | $1.4B | $17.8B | ||
| Q1 24 | $1.3B | $17.6B |
负债/权益比CSGSWPC
| Q4 25 | 1.90× | 1.07× | ||
| Q3 25 | 1.86× | 1.06× | ||
| Q2 25 | 1.85× | 1.05× | ||
| Q1 25 | 1.90× | 0.94× | ||
| Q4 24 | 1.91× | 0.95× | ||
| Q3 24 | 1.87× | 0.93× | ||
| Q2 24 | 1.98× | 0.94× | ||
| Q1 24 | 2.01× | 0.91× |
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 | $304.6M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 8.46× | 2.05× |
| 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CSGSWPC
| Q4 25 | $59.2M | $304.6M | ||
| Q3 25 | $47.9M | $300.5M | ||
| Q2 25 | $37.3M | $404.0M | ||
| Q1 25 | $11.5M | $273.2M | ||
| Q4 24 | $82.5M | $296.3M | ||
| Q3 24 | $39.5M | $280.2M | ||
| Q2 24 | $43.1M | $221.0M | ||
| Q1 24 | $-29.4M | $1.0B |
自由现金流CSGSWPC
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | — | ||
| Q1 24 | $-34.1M | — |
自由现金流率CSGSWPC
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | -11.6% | — |
资本支出强度CSGSWPC
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
现金转化率CSGSWPC
| Q4 25 | 8.46× | 2.05× | ||
| Q3 25 | 2.34× | 2.13× | ||
| Q2 25 | 3.04× | 7.89× | ||
| Q1 25 | 0.71× | 2.17× | ||
| Q4 24 | 2.39× | 6.30× | ||
| Q3 24 | 2.07× | 2.51× | ||
| Q2 24 | 3.12× | 1.55× | ||
| Q1 24 | -1.51× | 6.50× |
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% |
WPC
暂无分部数据
