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Side-by-side financial comparison of CSP INC (CSPI) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
CSP INC is the larger business by last-quarter revenue ($12.0M vs $7.1M, roughly 1.7× TECHPRECISION CORP). CSP INC runs the higher net margin — 0.8% vs -20.8%, a 21.5% gap on every dollar of revenue. On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% vs -23.2%). TECHPRECISION CORP produced more free cash flow last quarter ($-827.0K vs $-3.0M). Over the past eight quarters, CSP INC's revenue compounded faster (-6.3% CAGR vs -9.2%).
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.
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
CSPI vs TPCS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $7.1M |
| Net Profit | $91.0K | $-1.5M |
| Gross Margin | 39.3% | 5.4% |
| Operating Margin | -0.9% | -19.1% |
| Net Margin | 0.8% | -20.8% |
| Revenue YoY | -23.2% | -6.9% |
| Net Profit YoY | -80.7% | -84.4% |
| EPS (diluted) | $0.01 | $-0.15 |
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 | $7.1M | ||
| Q3 25 | $14.5M | $9.1M | ||
| Q2 25 | $15.4M | $7.4M | ||
| Q1 25 | $13.1M | $9.5M | ||
| Q4 24 | $15.7M | $7.6M | ||
| Q3 24 | $13.0M | $8.9M | ||
| Q2 24 | $13.1M | $8.0M | ||
| Q1 24 | $13.7M | $8.6M |
| Q4 25 | $91.0K | $-1.5M | ||
| Q3 25 | $-191.0K | $825.0K | ||
| Q2 25 | $-264.0K | $-597.0K | ||
| Q1 25 | $-108.0K | $112.0K | ||
| Q4 24 | $472.0K | $-799.0K | ||
| Q3 24 | $-1.7M | $-601.0K | ||
| Q2 24 | $-185.0K | $-1.5M | ||
| Q1 24 | $1.6M | $-5.1M |
| Q4 25 | 39.3% | 5.4% | ||
| Q3 25 | 36.6% | 27.1% | ||
| Q2 25 | 28.8% | 14.0% | ||
| Q1 25 | 32.0% | 22.0% | ||
| Q4 24 | 29.1% | 13.0% | ||
| Q3 24 | 28.4% | 11.3% | ||
| Q2 24 | 35.0% | 3.0% | ||
| Q1 24 | 47.3% | 14.3% |
| Q4 25 | -0.9% | -19.1% | ||
| Q3 25 | -3.7% | 10.4% | ||
| Q2 25 | -7.9% | -6.3% | ||
| Q1 25 | -7.6% | 3.9% | ||
| Q4 24 | -2.3% | -9.1% | ||
| Q3 24 | -15.7% | -5.5% | ||
| Q2 24 | -5.5% | -16.8% | ||
| Q1 24 | 9.0% | -28.6% |
| Q4 25 | 0.8% | -20.8% | ||
| Q3 25 | -1.3% | 9.1% | ||
| Q2 25 | -1.7% | -8.1% | ||
| Q1 25 | -0.8% | 1.2% | ||
| Q4 24 | 3.0% | -10.5% | ||
| Q3 24 | -12.7% | -6.7% | ||
| Q2 24 | -1.4% | -18.3% | ||
| Q1 24 | 11.6% | -59.5% |
| Q4 25 | $0.01 | $-0.15 | ||
| Q3 25 | $-0.02 | $0.08 | ||
| Q2 25 | $-0.03 | $-0.06 | ||
| Q1 25 | $-0.01 | $0.01 | ||
| Q4 24 | $0.05 | $-0.08 | ||
| Q3 24 | $-0.17 | $-0.06 | ||
| Q2 24 | $-0.02 | $-0.16 | ||
| Q1 24 | $0.16 | $-0.59 |
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 | $50.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.8M | $8.0M |
| Total Assets | $69.2M | $32.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $50.0K | ||
| Q3 25 | $27.4M | $220.0K | ||
| Q2 25 | $26.3M | $143.0K | ||
| Q1 25 | $29.5M | $195.0K | ||
| Q4 24 | $30.7M | $165.0K | ||
| Q3 24 | $30.6M | $132.0K | ||
| Q2 24 | $28.9M | $44.8K | ||
| Q1 24 | $27.1M | $138.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.0K | ||
| Q4 24 | — | $19.0K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $44.8M | $8.0M | ||
| Q3 25 | $44.6M | $9.1M | ||
| Q2 25 | $47.5M | $8.2M | ||
| Q1 25 | $47.5M | $8.7M | ||
| Q4 24 | $47.5M | $8.1M | ||
| Q3 24 | $47.3M | $8.9M | ||
| Q2 24 | $48.1M | $7.9M | ||
| Q1 24 | $48.2M | $7.8M |
| Q4 25 | $69.2M | $32.8M | ||
| Q3 25 | $71.2M | $33.8M | ||
| Q2 25 | $66.8M | $32.1M | ||
| Q1 25 | $67.1M | $33.5M | ||
| Q4 24 | $67.5M | $32.2M | ||
| Q3 24 | $69.4M | $35.0M | ||
| Q2 24 | $66.8M | $35.7M | ||
| Q1 24 | $64.2M | $34.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| 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 | $183.0K |
| Free Cash FlowOCF − Capex | $-3.0M | $-827.0K |
| FCF MarginFCF / Revenue | -25.1% | -11.7% |
| Capex IntensityCapex / Revenue | 0.9% | 14.2% |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $183.0K | ||
| Q3 25 | $1.9M | $-1.1M | ||
| Q2 25 | $-3.3M | $646.0K | ||
| Q1 25 | $1.9M | $396.0K | ||
| Q4 24 | $1.7M | $-570.0K | ||
| Q3 24 | $-1.5M | $-532.0K | ||
| Q2 24 | $2.4M | $107.0K | ||
| Q1 24 | $1.7M | $-452.0K |
| Q4 25 | $-3.0M | $-827.0K | ||
| Q3 25 | $1.7M | $-2.1M | ||
| Q2 25 | $-3.3M | $-604.0K | ||
| Q1 25 | $1.9M | $-930.0K | ||
| Q4 24 | $1.7M | $-1.7M | ||
| Q3 24 | $-1.5M | $-2.0M | ||
| Q2 24 | $2.4M | $-94.0K | ||
| Q1 24 | $1.6M | $-900.0K |
| Q4 25 | -25.1% | -11.7% | ||
| Q3 25 | 11.5% | -22.9% | ||
| Q2 25 | -21.7% | -8.2% | ||
| Q1 25 | 14.5% | -9.8% | ||
| Q4 24 | 10.8% | -22.9% | ||
| Q3 24 | -11.7% | -21.8% | ||
| Q2 24 | 17.9% | -1.2% | ||
| Q1 24 | 11.9% | -10.5% |
| Q4 25 | 0.9% | 14.2% | ||
| Q3 25 | 1.6% | 11.0% | ||
| Q2 25 | 0.4% | 16.9% | ||
| Q1 25 | 0.1% | 14.0% | ||
| Q4 24 | 0.3% | 15.4% | ||
| Q3 24 | 0.1% | 15.9% | ||
| Q2 24 | 0.3% | 2.5% | ||
| Q1 24 | 0.1% | 5.2% |
| Q4 25 | -32.04× | — | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.54× | ||
| 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% |
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
