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Side-by-side financial comparison of CSP INC (CSPI) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.
CSP INC is the larger business by last-quarter revenue ($12.0M vs $7.5M, roughly 1.6× SYNTEC OPTICS HOLDINGS, INC.). CSP INC runs the higher net margin — 0.8% vs -4.6%, a 5.3% gap on every dollar of revenue. On growth, SYNTEC OPTICS HOLDINGS, INC. posted the faster year-over-year revenue change (2.5% vs -23.2%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-3.0M). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs -6.3%).
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 OPTX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $7.5M |
| Net Profit | $91.0K | $-343.8K |
| Gross Margin | 39.3% | 23.6% |
| Operating Margin | -0.9% | 4.2% |
| Net Margin | 0.8% | -4.6% |
| Revenue YoY | -23.2% | 2.5% |
| Net Profit YoY | -80.7% | 77.7% |
| EPS (diluted) | $0.01 | $-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.
| Q4 25 | $12.0M | $7.5M | ||
| Q3 25 | $14.5M | $7.0M | ||
| Q2 25 | $15.4M | $6.6M | ||
| Q1 25 | $13.1M | $7.1M | ||
| Q4 24 | $15.7M | $7.3M | ||
| Q3 24 | $13.0M | $7.9M | ||
| Q2 24 | $13.1M | $7.0M | ||
| Q1 24 | $13.7M | $6.3M |
| Q4 25 | $91.0K | $-343.8K | ||
| Q3 25 | $-191.0K | $-1.4M | ||
| Q2 25 | $-264.0K | $-343.9K | ||
| Q1 25 | $-108.0K | $323.7K | ||
| Q4 24 | $472.0K | $-1.5M | ||
| Q3 24 | $-1.7M | $-13.3K | ||
| Q2 24 | $-185.0K | $281.8K | ||
| Q1 24 | $1.6M | $-1.2M |
| Q4 25 | 39.3% | 23.6% | ||
| Q3 25 | 36.6% | 12.3% | ||
| Q2 25 | 28.8% | 24.4% | ||
| Q1 25 | 32.0% | 32.7% | ||
| Q4 24 | 29.1% | 13.5% | ||
| Q3 24 | 28.4% | 23.3% | ||
| Q2 24 | 35.0% | 31.0% | ||
| Q1 24 | 47.3% | 11.3% |
| Q4 25 | -0.9% | 4.2% | ||
| Q3 25 | -3.7% | -17.5% | ||
| Q2 25 | -7.9% | -2.2% | ||
| Q1 25 | -7.6% | 7.5% | ||
| Q4 24 | -2.3% | -19.6% | ||
| Q3 24 | -15.7% | 1.4% | ||
| Q2 24 | -5.5% | 2.3% | ||
| Q1 24 | 9.0% | -22.5% |
| Q4 25 | 0.8% | -4.6% | ||
| Q3 25 | -1.3% | -20.6% | ||
| Q2 25 | -1.7% | -5.2% | ||
| Q1 25 | -0.8% | 4.6% | ||
| Q4 24 | 3.0% | -21.0% | ||
| Q3 24 | -12.7% | -0.2% | ||
| Q2 24 | -1.4% | 4.0% | ||
| Q1 24 | 11.6% | -19.3% |
| Q4 25 | $0.01 | $-0.01 | ||
| Q3 25 | $-0.02 | $-0.04 | ||
| Q2 25 | $-0.03 | $-0.01 | ||
| Q1 25 | $-0.01 | $0.01 | ||
| Q4 24 | $0.05 | $-0.05 | ||
| Q3 24 | $-0.17 | $0.00 | ||
| Q2 24 | $-0.02 | $0.01 | ||
| Q1 24 | $0.16 | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $44.8M | $9.5M |
| Total Assets | $69.2M | $24.3M |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $3.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $44.8M | $9.5M | ||
| Q3 25 | $44.6M | $9.8M | ||
| Q2 25 | $47.5M | $11.0M | ||
| Q1 25 | $47.5M | $11.4M | ||
| Q4 24 | $47.5M | $11.0M | ||
| Q3 24 | $47.3M | $12.1M | ||
| Q2 24 | $48.1M | $12.1M | ||
| Q1 24 | $48.2M | $11.9M |
| Q4 25 | $69.2M | $24.3M | ||
| Q3 25 | $71.2M | $24.6M | ||
| Q2 25 | $66.8M | $25.3M | ||
| Q1 25 | $67.1M | $26.3M | ||
| Q4 24 | $67.5M | $26.0M | ||
| Q3 24 | $69.4M | $27.3M | ||
| Q2 24 | $66.8M | $25.8M | ||
| Q1 24 | $64.2M | $24.6M |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.25× |
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 | $-3.9K |
| Free Cash FlowOCF − Capex | $-3.0M | $-4.4K |
| FCF MarginFCF / Revenue | -25.1% | -0.1% |
| Capex IntensityCapex / Revenue | 0.9% | 0.0% |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | $28.3K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $-3.9K | ||
| Q3 25 | $1.9M | $535.3K | ||
| Q2 25 | $-3.3M | $-158.0K | ||
| Q1 25 | $1.9M | $299.3K | ||
| Q4 24 | $1.7M | $623.8K | ||
| Q3 24 | $-1.5M | $417.3K | ||
| Q2 24 | $2.4M | $-1.7M | ||
| Q1 24 | $1.7M | $-289.8K |
| Q4 25 | $-3.0M | $-4.4K | ||
| Q3 25 | $1.7M | $496.3K | ||
| Q2 25 | $-3.3M | $-548.1K | ||
| Q1 25 | $1.9M | $84.6K | ||
| Q4 24 | $1.7M | $12.1K | ||
| Q3 24 | $-1.5M | $43.8K | ||
| Q2 24 | $2.4M | $-1.9M | ||
| Q1 24 | $1.6M | $-385.1K |
| Q4 25 | -25.1% | -0.1% | ||
| Q3 25 | 11.5% | 7.1% | ||
| Q2 25 | -21.7% | -8.4% | ||
| Q1 25 | 14.5% | 1.2% | ||
| Q4 24 | 10.8% | 0.2% | ||
| Q3 24 | -11.7% | 0.6% | ||
| Q2 24 | 17.9% | -26.5% | ||
| Q1 24 | 11.9% | -6.2% |
| Q4 25 | 0.9% | 0.0% | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | 0.4% | 5.9% | ||
| Q1 25 | 0.1% | 3.0% | ||
| Q4 24 | 0.3% | 8.4% | ||
| Q3 24 | 0.1% | 4.7% | ||
| Q2 24 | 0.3% | 2.3% | ||
| Q1 24 | 0.1% | 1.5% |
| Q4 25 | -32.04× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 3.69× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -6.01× | ||
| 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% |
OPTX
Segment breakdown not available.
