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南玻集团（CSGS）与WW INTERNATIONAL, INC.（WW）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WW INTERNATIONAL, INC.的1.8倍（$323.1M vs $184.3M），南玻集团净利率更高（2.2% vs -30.5%，领先32.7%），南玻集团同比增速更快（2.0% vs -4.5%），南玻集团自由现金流更多（$55.8M vs $8.4M），过去两年南玻集团的营收复合增速更高（4.6% vs -7.4%）
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。
WW国际前身为慧俪轻体国际，是一家总部位于美国的全球性企业，主营减重与体重管理、健身及心态调整相关服务，核心产品为慧俪轻体综合减重饮食方案。公司由纽约皇后区的家庭主妇珍·妮德奇于1963年创立，截至2019年，其服务包含手机应用及网站线上方案、线上或电话指导、线下见面会三种模式。
CSGS vs WW — 直观对比
营收规模更大
CSGS
是对方的1.8倍
$184.3M
营收增速更快
CSGS
高出6.5%
-4.5%
净利率更高
CSGS
高出32.7%
-30.5%
自由现金流更多
CSGS
多$47.4M
$8.4M
两年增速更快
CSGS
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $184.3M |
| 净利润 | $7.0M | $-56.3M |
| 毛利率 | 50.0% | 72.2% |
| 营业利润率 | 9.0% | 5.8% |
| 净利率 | 2.2% | -30.5% |
| 营收同比 | 2.0% | -4.5% |
| 净利润同比 | -79.7% | -21.8% |
| 每股收益（稀释后） | $0.24 | $-5.63 |
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CSGSWW
| Q4 25 | $323.1M | — | ||
| Q3 25 | $303.6M | $184.3M | ||
| Q2 25 | $297.1M | — | ||
| Q1 25 | $299.5M | $186.6M | ||
| Q4 24 | $316.7M | $184.4M | ||
| Q3 24 | $295.1M | $192.9M | ||
| Q2 24 | $290.3M | $202.1M | ||
| Q1 24 | $295.1M | $206.5M |
净利润CSGSWW
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-56.3M | ||
| Q2 25 | $12.3M | — | ||
| Q1 25 | $16.1M | $-72.6M | ||
| Q4 24 | $34.5M | $25.1M | ||
| Q3 24 | $19.1M | $-46.2M | ||
| Q2 24 | $13.8M | $23.3M | ||
| Q1 24 | $19.5M | $-347.9M |
毛利率CSGSWW
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | 72.2% | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 48.4% | 71.2% | ||
| Q4 24 | 51.3% | 69.7% | ||
| Q3 24 | 49.4% | 67.1% | ||
| Q2 24 | 47.3% | 67.9% | ||
| Q1 24 | 46.5% | 66.7% |
营业利润率CSGSWW
| Q4 25 | 9.0% | — | ||
| Q3 25 | 10.0% | 5.8% | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 9.8% | -10.8% | ||
| Q4 24 | 13.4% | 19.6% | ||
| Q3 24 | 10.8% | -20.2% | ||
| Q2 24 | 8.8% | 17.8% | ||
| Q1 24 | 10.8% | -130.4% |
净利率CSGSWW
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -30.5% | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 5.4% | -38.9% | ||
| Q4 24 | 10.9% | 13.6% | ||
| Q3 24 | 6.5% | -23.9% | ||
| Q2 24 | 4.8% | 11.5% | ||
| Q1 24 | 6.6% | -168.4% |
每股收益（稀释后）CSGSWW
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | $-5.63 | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $0.57 | $-0.91 | ||
| Q4 24 | $1.20 | $0.34 | ||
| Q3 24 | $0.67 | $-0.58 | ||
| Q2 24 | $0.48 | $0.29 | ||
| Q1 24 | $0.68 | $-4.39 |
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 | $170.1M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $323.0M |
| 总资产 | $1.5B | $968.8M |
| 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CSGSWW
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | $170.1M | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | $236.3M | ||
| Q4 24 | $161.8M | $53.0M | ||
| Q3 24 | $118.4M | $57.2M | ||
| Q2 24 | $110.4M | $42.7M | ||
| Q1 24 | $120.8M | $66.6M |
总债务CSGSWW
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $1.4B | ||
| Q3 24 | $539.5M | $1.4B | ||
| Q2 24 | $540.5M | $1.4B | ||
| Q1 24 | $541.5M | $1.4B |
股东权益CSGSWW
| Q4 25 | $283.7M | — | ||
| Q3 25 | $289.5M | $323.0M | ||
| Q2 25 | $290.7M | — | ||
| Q1 25 | $283.1M | $-1.2B | ||
| Q4 24 | $282.6M | $-1.1B | ||
| Q3 24 | $288.4M | $-1.1B | ||
| Q2 24 | $273.3M | $-1.1B | ||
| Q1 24 | $269.3M | $-1.1B |
总资产CSGSWW
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $968.8M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | $696.9M | ||
| Q4 24 | $1.5B | $550.3M | ||
| Q3 24 | $1.4B | $562.4M | ||
| Q2 24 | $1.4B | $614.3M | ||
| Q1 24 | $1.3B | $654.2M |
负债/权益比CSGSWW
| 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 | $8.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $8.4M |
| 自由现金流率自由现金流/营收 | 17.3% | 4.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.0% |
| 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 | $44.3M |
8季度趋势，按日历期对齐
经营现金流CSGSWW
| Q4 25 | $59.2M | — | ||
| Q3 25 | $47.9M | $8.4M | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $11.5M | $15.0M | ||
| Q4 24 | $82.5M | $4.6M | ||
| Q3 24 | $39.5M | $16.5M | ||
| Q2 24 | $43.1M | $-1.9M | ||
| Q1 24 | $-29.4M | $-36.0M |
自由现金流CSGSWW
| Q4 25 | $55.8M | — | ||
| Q3 25 | $43.9M | $8.4M | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $7.1M | $15.0M | ||
| Q4 24 | $76.6M | $4.5M | ||
| Q3 24 | $32.0M | $16.4M | ||
| Q2 24 | $38.8M | $-2.2M | ||
| Q1 24 | $-34.1M | $-36.5M |
自由现金流率CSGSWW
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.5% | 4.6% | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 2.4% | 8.0% | ||
| Q4 24 | 24.2% | 2.4% | ||
| Q3 24 | 10.8% | 8.5% | ||
| Q2 24 | 13.4% | -1.1% | ||
| Q1 24 | -11.6% | -17.7% |
资本支出强度CSGSWW
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.5% | 0.0% | ||
| Q4 24 | 1.9% | 0.1% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 1.6% | 0.2% |
现金转化率CSGSWW
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | 0.18× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | -0.08× | ||
| Q1 24 | -1.51× | — |
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% |
WW
暂无分部数据
