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Side-by-side financial comparison of CSP INC (CSPI) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.
HEALTHY CHOICE WELLNESS CORP. is the larger business by last-quarter revenue ($18.7M vs $12.0M, roughly 1.6× CSP INC). CSP INC runs the higher net margin — 0.8% vs -8.9%, a 9.6% gap on every dollar of revenue. HEALTHY CHOICE WELLNESS CORP. produced more free cash flow last quarter ($-927.1K vs $-3.0M).
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.
CSPI vs HCWC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $18.7M |
| Net Profit | $91.0K | $-1.7M |
| Gross Margin | 39.3% | 39.1% |
| Operating Margin | -0.9% | -7.6% |
| Net Margin | 0.8% | -8.9% |
| Revenue YoY | -23.2% | — |
| Net Profit YoY | -80.7% | — |
| EPS (diluted) | $0.01 | $-0.05 |
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.
| Q4 25 | $12.0M | $18.7M | ||
| Q3 25 | $14.5M | $19.0M | ||
| Q2 25 | $15.4M | $20.2M | ||
| Q1 25 | $13.1M | $20.3M | ||
| Q4 24 | $15.7M | — | ||
| Q3 24 | $13.0M | $18.2M | ||
| Q2 24 | $13.1M | — | ||
| Q1 24 | $13.7M | — |
| Q4 25 | $91.0K | $-1.7M | ||
| Q3 25 | $-191.0K | $-1.2M | ||
| Q2 25 | $-264.0K | $-339.4K | ||
| Q1 25 | $-108.0K | $-712.4K | ||
| Q4 24 | $472.0K | — | ||
| Q3 24 | $-1.7M | $-2.7M | ||
| Q2 24 | $-185.0K | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | 39.3% | 39.1% | ||
| Q3 25 | 36.6% | 38.8% | ||
| Q2 25 | 28.8% | 40.1% | ||
| Q1 25 | 32.0% | 38.8% | ||
| Q4 24 | 29.1% | — | ||
| Q3 24 | 28.4% | 38.4% | ||
| Q2 24 | 35.0% | — | ||
| Q1 24 | 47.3% | — |
| Q4 25 | -0.9% | -7.6% | ||
| Q3 25 | -3.7% | -3.2% | ||
| Q2 25 | -7.9% | -0.2% | ||
| Q1 25 | -7.6% | -2.0% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -15.7% | -2.0% | ||
| Q2 24 | -5.5% | — | ||
| Q1 24 | 9.0% | — |
| Q4 25 | 0.8% | -8.9% | ||
| Q3 25 | -1.3% | -6.4% | ||
| Q2 25 | -1.7% | -1.7% | ||
| Q1 25 | -0.8% | -3.5% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -12.7% | -14.6% | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 11.6% | — |
| Q4 25 | $0.01 | $-0.05 | ||
| Q3 25 | $-0.02 | $-0.09 | ||
| Q2 25 | $-0.03 | $-0.03 | ||
| Q1 25 | $-0.01 | $-0.07 | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $-0.17 | $-0.29 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.9M | $3.0M |
| Total DebtLower is stronger | — | $7.3M |
| Stockholders' EquityBook value | $44.8M | $7.3M |
| Total Assets | $69.2M | $33.5M |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $3.0M | ||
| Q3 25 | $27.4M | $3.0M | ||
| Q2 25 | $26.3M | $4.7M | ||
| Q1 25 | $29.5M | $1.8M | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $30.6M | $1.8M | ||
| Q2 24 | $28.9M | — | ||
| Q1 24 | $27.1M | — |
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $11.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $44.8M | $7.3M | ||
| Q3 25 | $44.6M | $5.9M | ||
| Q2 25 | $47.5M | $5.8M | ||
| Q1 25 | $47.5M | $2.1M | ||
| Q4 24 | $47.5M | — | ||
| Q3 24 | $47.3M | $2.9M | ||
| Q2 24 | $48.1M | — | ||
| Q1 24 | $48.2M | — |
| Q4 25 | $69.2M | $33.5M | ||
| Q3 25 | $71.2M | $33.7M | ||
| Q2 25 | $66.8M | $36.4M | ||
| Q1 25 | $67.1M | $34.1M | ||
| Q4 24 | $67.5M | — | ||
| Q3 24 | $69.4M | $33.2M | ||
| Q2 24 | $66.8M | — | ||
| Q1 24 | $64.2M | — |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 5.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.95× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.9M | $-855.1K |
| Free Cash FlowOCF − Capex | $-3.0M | $-927.1K |
| FCF MarginFCF / Revenue | -25.1% | -5.0% |
| Capex IntensityCapex / Revenue | 0.9% | 0.4% |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | $675.4K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $-855.1K | ||
| Q3 25 | $1.9M | $-308.7K | ||
| Q2 25 | $-3.3M | $1.1M | ||
| Q1 25 | $1.9M | $1.1M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | $1.7M | — |
| Q4 25 | $-3.0M | $-927.1K | ||
| Q3 25 | $1.7M | $-351.3K | ||
| Q2 25 | $-3.3M | $988.6K | ||
| Q1 25 | $1.9M | $965.3K | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | -25.1% | -5.0% | ||
| Q3 25 | 11.5% | -1.8% | ||
| Q2 25 | -21.7% | 4.9% | ||
| Q1 25 | 14.5% | 4.8% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | -11.7% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 0.4% | 0.4% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.1% | — |
| 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
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
