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Side-by-side financial comparison of CENTERSPACE (CSR) and FARMER BROTHERS CO (FARM). Click either name above to swap in a different company.

FARMER BROTHERS CO is the larger business by last-quarter revenue ($88.9M vs $66.6M, roughly 1.3× CENTERSPACE). FARMER BROTHERS CO runs the higher net margin — -5.5% vs -27.7%, a 22.2% gap on every dollar of revenue. On growth, CENTERSPACE posted the faster year-over-year revenue change (0.3% vs -1.2%). CENTERSPACE produced more free cash flow last quarter ($64.3M vs $-2.6M). Over the past eight quarters, FARMER BROTHERS CO's revenue compounded faster (2.1% CAGR vs 1.6%).

Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

CSR vs FARM — Head-to-Head

Bigger by revenue
FARM
FARM
1.3× larger
FARM
$88.9M
$66.6M
CSR
Growing faster (revenue YoY)
CSR
CSR
+1.5% gap
CSR
0.3%
-1.2%
FARM
Higher net margin
FARM
FARM
22.2% more per $
FARM
-5.5%
-27.7%
CSR
More free cash flow
CSR
CSR
$66.9M more FCF
CSR
$64.3M
$-2.6M
FARM
Faster 2-yr revenue CAGR
FARM
FARM
Annualised
FARM
2.1%
1.6%
CSR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CSR
CSR
FARM
FARM
Revenue
$66.6M
$88.9M
Net Profit
$-18.4M
$-4.9M
Gross Margin
96.5%
36.3%
Operating Margin
-15.9%
-4.7%
Net Margin
-27.7%
-5.5%
Revenue YoY
0.3%
-1.2%
Net Profit YoY
-262.9%
-2417.1%
EPS (diluted)
$-1.08
$-0.22

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
CSR
CSR
FARM
FARM
Q4 25
$66.6M
$88.9M
Q3 25
$71.4M
$81.6M
Q2 25
$68.5M
$85.1M
Q1 25
$67.1M
$82.1M
Q4 24
$66.4M
$90.0M
Q3 24
$65.0M
$85.1M
Q2 24
$65.0M
$84.4M
Q1 24
$64.5M
$85.4M
Net Profit
CSR
CSR
FARM
FARM
Q4 25
$-18.4M
$-4.9M
Q3 25
$53.8M
$-4.0M
Q2 25
$-14.5M
$-4.7M
Q1 25
$-3.7M
$-5.0M
Q4 24
$-5.1M
$210.0K
Q3 24
$-1.0M
$-5.0M
Q2 24
$-1.3M
$-4.6M
Q1 24
$-3.9M
$-682.0K
Gross Margin
CSR
CSR
FARM
FARM
Q4 25
96.5%
36.3%
Q3 25
96.5%
39.7%
Q2 25
96.5%
44.9%
Q1 25
96.4%
42.1%
Q4 24
96.5%
43.1%
Q3 24
96.6%
43.9%
Q2 24
96.6%
38.8%
Q1 24
96.4%
40.1%
Operating Margin
CSR
CSR
FARM
FARM
Q4 25
-15.9%
-4.7%
Q3 25
-3.9%
Q2 25
-9.9%
4.6%
Q1 25
7.1%
-4.3%
Q4 24
4.3%
1.1%
Q3 24
9.8%
-3.3%
Q2 24
11.1%
-4.9%
Q1 24
6.3%
-0.5%
Net Margin
CSR
CSR
FARM
FARM
Q4 25
-27.7%
-5.5%
Q3 25
75.3%
-4.9%
Q2 25
-21.2%
-5.6%
Q1 25
-5.6%
-6.1%
Q4 24
-7.6%
0.2%
Q3 24
-1.6%
-5.9%
Q2 24
-2.0%
-5.4%
Q1 24
-6.1%
-0.8%
EPS (diluted)
CSR
CSR
FARM
FARM
Q4 25
$-1.08
$-0.22
Q3 25
$3.19
$-0.19
Q2 25
$-0.87
$-0.22
Q1 25
$-0.22
$-0.23
Q4 24
$-0.31
$0.01
Q3 24
$-0.40
$-0.24
Q2 24
$-0.19
$-0.23
Q1 24
$-0.37
$-0.03

Balance Sheet & Financial Strength

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

Metric
CSR
CSR
FARM
FARM
Cash + ST InvestmentsLiquidity on hand
$12.8M
$4.2M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$719.2M
$35.7M
Total Assets
$1.9B
$151.4M
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSR
CSR
FARM
FARM
Q4 25
$12.8M
$4.2M
Q3 25
$12.9M
$3.8M
Q2 25
$12.4M
$6.8M
Q1 25
$11.9M
$4.1M
Q4 24
$12.0M
$5.5M
Q3 24
$14.5M
$3.3M
Q2 24
$14.3M
$5.8M
Q1 24
$12.7M
$5.5M
Total Debt
CSR
CSR
FARM
FARM
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$955.5M
Q4 24
$955.4M
Q3 24
$921.3M
Q2 24
$931.7M
Q1 24
$929.1M
Stockholders' Equity
CSR
CSR
FARM
FARM
Q4 25
$719.2M
$35.7M
Q3 25
$748.6M
$40.0M
Q2 25
$710.1M
$43.5M
Q1 25
$636.8M
$37.3M
Q4 24
$752.0M
$41.5M
Q3 24
$672.5M
$40.9M
Q2 24
$680.7M
$45.5M
Q1 24
$688.1M
$43.1M
Total Assets
CSR
CSR
FARM
FARM
Q4 25
$1.9B
$151.4M
Q3 25
$2.1B
$158.8M
Q2 25
$2.0B
$161.2M
Q1 25
$1.9B
$163.2M
Q4 24
$1.9B
$179.1M
Q3 24
$1.9B
$182.0M
Q2 24
$1.9B
$185.2M
Q1 24
$1.9B
$179.1M
Debt / Equity
CSR
CSR
FARM
FARM
Q4 25
1.42×
Q3 25
1.53×
Q2 25
1.57×
Q1 25
1.50×
Q4 24
1.27×
Q3 24
1.37×
Q2 24
1.37×
Q1 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
CSR
CSR
FARM
FARM
Operating Cash FlowLast quarter
$98.5M
$-786.0K
Free Cash FlowOCF − Capex
$64.3M
$-2.6M
FCF MarginFCF / Revenue
96.5%
-2.9%
Capex IntensityCapex / Revenue
51.3%
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$125.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSR
CSR
FARM
FARM
Q4 25
$98.5M
$-786.0K
Q3 25
$35.1M
$-5.0M
Q2 25
$25.3M
$9.7M
Q1 25
$25.4M
$1.3M
Q4 24
$98.2M
$2.6M
Q3 24
$32.3M
$2.5M
Q2 24
$22.9M
$-995.0K
Q1 24
$24.4M
$-2.3M
Free Cash Flow
CSR
CSR
FARM
FARM
Q4 25
$64.3M
$-2.6M
Q3 25
$25.7M
$-6.9M
Q2 25
$15.5M
Q1 25
$20.4M
$-684.0K
Q4 24
$41.6M
$521.0K
Q3 24
$20.5M
$-837.0K
Q2 24
$9.1M
Q1 24
$2.6M
$-5.7M
FCF Margin
CSR
CSR
FARM
FARM
Q4 25
96.5%
-2.9%
Q3 25
36.0%
-8.5%
Q2 25
22.7%
Q1 25
30.4%
-0.8%
Q4 24
62.6%
0.6%
Q3 24
31.5%
-1.0%
Q2 24
14.0%
Q1 24
4.0%
-6.7%
Capex Intensity
CSR
CSR
FARM
FARM
Q4 25
51.3%
2.1%
Q3 25
13.1%
2.4%
Q2 25
14.2%
Q1 25
7.5%
2.4%
Q4 24
85.3%
2.3%
Q3 24
18.2%
3.9%
Q2 24
21.2%
Q1 24
33.8%
4.0%
Cash Conversion
CSR
CSR
FARM
FARM
Q4 25
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
12.16×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSR
CSR

Multi Family Residential$57.3M86%
Other$8.1M12%
Other Property Revenue$1.2M2%

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

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