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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and CSP INC (CSPI). Click either name above to swap in a different company.

CSP INC is the larger business by last-quarter revenue ($12.0M vs $6.3M, roughly 1.9× Almonty Industries Inc.). CSP INC runs the higher net margin — 0.8% vs -86.1%, a 86.8% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.

ALM vs CSPI — Head-to-Head

Bigger by revenue
CSPI
CSPI
1.9× larger
CSPI
$12.0M
$6.3M
ALM
Higher net margin
CSPI
CSPI
86.8% more per $
CSPI
0.8%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ALM
ALM
CSPI
CSPI
Revenue
$6.3M
$12.0M
Net Profit
$-5.4M
$91.0K
Gross Margin
39.3%
Operating Margin
-0.9%
Net Margin
-86.1%
0.8%
Revenue YoY
-23.2%
Net Profit YoY
-80.7%
EPS (diluted)
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
CSPI
CSPI
Q4 25
$12.0M
Q3 25
$6.3M
$14.5M
Q2 25
$7.2M
$15.4M
Q1 25
$13.1M
Q4 24
$15.7M
Q3 24
$13.0M
Q2 24
$13.1M
Q1 24
$13.7M
Net Profit
ALM
ALM
CSPI
CSPI
Q4 25
$91.0K
Q3 25
$-5.4M
$-191.0K
Q2 25
$-58.2M
$-264.0K
Q1 25
$-108.0K
Q4 24
$472.0K
Q3 24
$-1.7M
Q2 24
$-185.0K
Q1 24
$1.6M
Gross Margin
ALM
ALM
CSPI
CSPI
Q4 25
39.3%
Q3 25
36.6%
Q2 25
28.8%
Q1 25
32.0%
Q4 24
29.1%
Q3 24
28.4%
Q2 24
35.0%
Q1 24
47.3%
Operating Margin
ALM
ALM
CSPI
CSPI
Q4 25
-0.9%
Q3 25
-3.7%
Q2 25
-7.9%
Q1 25
-7.6%
Q4 24
-2.3%
Q3 24
-15.7%
Q2 24
-5.5%
Q1 24
9.0%
Net Margin
ALM
ALM
CSPI
CSPI
Q4 25
0.8%
Q3 25
-86.1%
-1.3%
Q2 25
-809.4%
-1.7%
Q1 25
-0.8%
Q4 24
3.0%
Q3 24
-12.7%
Q2 24
-1.4%
Q1 24
11.6%
EPS (diluted)
ALM
ALM
CSPI
CSPI
Q4 25
$0.01
Q3 25
$-0.02
Q2 25
$-0.03
Q1 25
$-0.01
Q4 24
$0.05
Q3 24
$-0.17
Q2 24
$-0.02
Q1 24
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
CSPI
CSPI
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.8M
Total Assets
$69.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
CSPI
CSPI
Q4 25
$24.9M
Q3 25
$27.4M
Q2 25
$26.3M
Q1 25
$29.5M
Q4 24
$30.7M
Q3 24
$30.6M
Q2 24
$28.9M
Q1 24
$27.1M
Stockholders' Equity
ALM
ALM
CSPI
CSPI
Q4 25
$44.8M
Q3 25
$44.6M
Q2 25
$47.5M
Q1 25
$47.5M
Q4 24
$47.5M
Q3 24
$47.3M
Q2 24
$48.1M
Q1 24
$48.2M
Total Assets
ALM
ALM
CSPI
CSPI
Q4 25
$69.2M
Q3 25
$71.2M
Q2 25
$66.8M
Q1 25
$67.1M
Q4 24
$67.5M
Q3 24
$69.4M
Q2 24
$66.8M
Q1 24
$64.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
CSPI
CSPI
Operating Cash FlowLast quarter
$-2.9M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-25.1%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-32.04×
TTM Free Cash FlowTrailing 4 quarters
$-2.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
CSPI
CSPI
Q4 25
$-2.9M
Q3 25
$1.9M
Q2 25
$-3.3M
Q1 25
$1.9M
Q4 24
$1.7M
Q3 24
$-1.5M
Q2 24
$2.4M
Q1 24
$1.7M
Free Cash Flow
ALM
ALM
CSPI
CSPI
Q4 25
$-3.0M
Q3 25
$1.7M
Q2 25
$-3.3M
Q1 25
$1.9M
Q4 24
$1.7M
Q3 24
$-1.5M
Q2 24
$2.4M
Q1 24
$1.6M
FCF Margin
ALM
ALM
CSPI
CSPI
Q4 25
-25.1%
Q3 25
11.5%
Q2 25
-21.7%
Q1 25
14.5%
Q4 24
10.8%
Q3 24
-11.7%
Q2 24
17.9%
Q1 24
11.9%
Capex Intensity
ALM
ALM
CSPI
CSPI
Q4 25
0.9%
Q3 25
1.6%
Q2 25
0.4%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
ALM
ALM
CSPI
CSPI
Q4 25
-32.04×
Q3 25
Q2 25
Q1 25
Q4 24
3.69×
Q3 24
Q2 24
Q1 24
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALM
ALM

Segment breakdown not available.

CSPI
CSPI

Products$6.7M56%
Services$5.3M44%

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