vs
南玻集团（CSGS）与WESBANCO INC（WSBC）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WESBANCO INC的1.3倍（$323.1M vs $257.2M），WESBANCO INC净利率更高（34.5% vs 2.2%，领先32.3%），过去两年WESBANCO INC的营收复合增速更高（31.9% 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。
WesBanco是一家总部位于美国西弗吉尼亚州惠灵的银行控股公司，业务覆盖广泛，目前在西弗吉尼亚州、俄亥俄州、宾夕法尼亚州西部、肯塔基州、马里兰州及印第安纳州南部拥有超过200家营业网点，为当地客户提供多元金融服务。
CSGS vs WSBC — 直观对比
营收规模更大
CSGS
是对方的1.3倍
$257.2M
净利率更高
WSBC
高出32.3%
2.2%
两年增速更快
WSBC
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $257.2M |
| 净利润 | $7.0M | $88.6M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | 34.5% |
| 营收同比 | 2.0% | — |
| 净利润同比 | -79.7% | 54.4% |
| 每股收益（稀释后） | $0.24 | $0.88 |
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CSGSWSBC
| Q1 26 | — | $257.2M | ||
| Q4 25 | $323.1M | $265.6M | ||
| Q3 25 | $303.6M | $261.6M | ||
| Q2 25 | $297.1M | $260.7M | ||
| Q1 25 | $299.5M | $193.2M | ||
| Q4 24 | $316.7M | $162.9M | ||
| Q3 24 | $295.1M | $150.8M | ||
| Q2 24 | $290.3M | $147.9M |
净利润CSGSWSBC
| Q1 26 | — | $88.6M | ||
| Q4 25 | $7.0M | $91.1M | ||
| Q3 25 | $20.5M | $83.6M | ||
| Q2 25 | $12.3M | $57.4M | ||
| Q1 25 | $16.1M | $-9.0M | ||
| Q4 24 | $34.5M | $49.6M | ||
| Q3 24 | $19.1M | $37.3M | ||
| Q2 24 | $13.8M | $28.9M |
毛利率CSGSWSBC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 43.2% | ||
| Q3 25 | 10.0% | 39.5% | ||
| Q2 25 | 10.0% | 27.2% | ||
| Q1 25 | 9.8% | -5.0% | ||
| Q4 24 | 13.4% | 38.0% | ||
| Q3 24 | 10.8% | 29.7% | ||
| Q2 24 | 8.8% | 23.7% |
净利率CSGSWSBC
| Q1 26 | — | 34.5% | ||
| Q4 25 | 2.2% | 34.3% | ||
| Q3 25 | 6.7% | 31.9% | ||
| Q2 25 | 4.1% | 22.0% | ||
| Q1 25 | 5.4% | -4.7% | ||
| Q4 24 | 10.9% | 30.5% | ||
| Q3 24 | 6.5% | 24.7% | ||
| Q2 24 | 4.8% | 19.5% |
每股收益（稀释后）CSGSWSBC
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.24 | $0.97 | ||
| Q3 25 | $0.73 | $0.84 | ||
| Q2 25 | $0.44 | $0.57 | ||
| Q1 25 | $0.57 | $-0.15 | ||
| Q4 24 | $1.20 | $0.72 | ||
| Q3 24 | $0.67 | $0.54 | ||
| Q2 24 | $0.48 | $0.44 |
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 | — |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $4.1B |
| 总资产 | $1.5B | $27.5B |
| 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CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | $956.1M | ||
| Q3 25 | $158.4M | $1.0B | ||
| Q2 25 | $145.9M | $1.2B | ||
| Q1 25 | $136.0M | $1.1B | ||
| Q4 24 | $161.8M | $568.1M | ||
| Q3 24 | $118.4M | $620.9M | ||
| Q2 24 | $110.4M | $486.8M |
总债务CSGSWSBC
| Q1 26 | — | — | ||
| 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 | — |
股东权益CSGSWSBC
| Q1 26 | — | $4.1B | ||
| Q4 25 | $283.7M | $4.0B | ||
| Q3 25 | $289.5M | $4.1B | ||
| Q2 25 | $290.7M | $3.8B | ||
| Q1 25 | $283.1M | $3.8B | ||
| Q4 24 | $282.6M | $2.8B | ||
| Q3 24 | $288.4M | $2.8B | ||
| Q2 24 | $273.3M | $2.5B |
总资产CSGSWSBC
| Q1 26 | — | $27.5B | ||
| Q4 25 | $1.5B | $27.7B | ||
| Q3 25 | $1.5B | $27.5B | ||
| Q2 25 | $1.4B | $27.6B | ||
| Q1 25 | $1.4B | $27.4B | ||
| Q4 24 | $1.5B | $18.7B | ||
| Q3 24 | $1.4B | $18.5B | ||
| Q2 24 | $1.4B | $18.1B |
负债/权益比CSGSWSBC
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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× | — |
| 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CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $290.4M | ||
| Q3 25 | $47.9M | $116.9M | ||
| Q2 25 | $37.3M | $105.0M | ||
| Q1 25 | $11.5M | $-26.4M | ||
| Q4 24 | $82.5M | $211.0M | ||
| Q3 24 | $39.5M | $60.7M | ||
| Q2 24 | $43.1M | $18.2M |
自由现金流CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $280.0M | ||
| Q3 25 | $43.9M | $114.9M | ||
| Q2 25 | $34.6M | $98.3M | ||
| Q1 25 | $7.1M | $-30.7M | ||
| Q4 24 | $76.6M | $200.7M | ||
| Q3 24 | $32.0M | $56.9M | ||
| Q2 24 | $38.8M | $17.3M |
自由现金流率CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 105.4% | ||
| Q3 25 | 14.5% | 43.9% | ||
| Q2 25 | 11.6% | 37.7% | ||
| Q1 25 | 2.4% | -15.9% | ||
| Q4 24 | 24.2% | 123.2% | ||
| Q3 24 | 10.8% | 37.7% | ||
| Q2 24 | 13.4% | 11.7% |
资本支出强度CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.9% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 1.5% | 2.2% | ||
| Q4 24 | 1.9% | 6.3% | ||
| Q3 24 | 2.5% | 2.5% | ||
| Q2 24 | 1.5% | 0.6% |
现金转化率CSGSWSBC
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 3.19× | ||
| Q3 25 | 2.34× | 1.40× | ||
| Q2 25 | 3.04× | 1.83× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 4.25× | ||
| Q3 24 | 2.07× | 1.63× | ||
| Q2 24 | 3.12× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
