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CREATIVE REALITIES, INC.（CREX）与CSP INC（CSPI）财务数据对比。点击上方公司名可切换其他公司
CREATIVE REALITIES, INC.的季度营收约是CSP INC的2.0倍（$23.9M vs $12.0M）。CSP INC净利率更高（0.8% vs -8.2%，领先9.0%）。CREATIVE REALITIES, INC.同比增速更快（117.2% vs -23.2%）。CSP INC自由现金流更多（$-3.0M vs $-4.6M）。过去两年CREATIVE REALITIES, INC.的营收复合增速更高（39.5% vs -6.3%）
Creative Realities, Inc.是一家端到端沉浸式数字体验解决方案提供商，主营互动数字标牌、内容管理软件及定制体验设计服务，主要面向北美零售、酒店、医疗、企业办公及公共领域客户，助力品牌提升客户参与度与运营效率。
CSP Inc.是一家总部位于美国的科技企业，主营网络安全解决方案、托管IT服务、高性能计算系统及专业IT咨询服务，核心客户覆盖北美及部分国际市场的医疗、金融、制造、公共部门等领域的企业。
CREX vs CSPI — 直观对比
营收规模更大
CREX
是对方的2.0倍
$12.0M
营收增速更快
CREX
高出140.4%
-23.2%
净利率更高
CSPI
高出9.0%
-8.2%
自由现金流更多
CSPI
多$1.5M
$-4.6M
两年增速更快
CREX
近两年复合增速
-6.3%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $23.9M | $12.0M |
| 净利润 | $-2.0M | $91.0K |
| 毛利率 | 47.9% | 39.3% |
| 营业利润率 | 1.9% | -0.9% |
| 净利率 | -8.2% | 0.8% |
| 营收同比 | 117.2% | -23.2% |
| 净利润同比 | 30.8% | -80.7% |
| 每股收益（稀释后） | — | $0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CREXCSPI
| Q4 25 | $23.9M | $12.0M | ||
| Q3 25 | $10.5M | $14.5M | ||
| Q2 25 | $13.0M | $15.4M | ||
| Q1 25 | $9.7M | $13.1M | ||
| Q4 24 | $11.0M | $15.7M | ||
| Q3 24 | $14.4M | $13.0M | ||
| Q2 24 | $13.1M | $13.1M | ||
| Q1 24 | $12.3M | $13.7M |
净利润CREXCSPI
| Q4 25 | $-2.0M | $91.0K | ||
| Q3 25 | $-7.9M | $-191.0K | ||
| Q2 25 | $-1.8M | $-264.0K | ||
| Q1 25 | $3.4M | $-108.0K | ||
| Q4 24 | $-2.8M | $472.0K | ||
| Q3 24 | $54.0K | $-1.7M | ||
| Q2 24 | $-615.0K | $-185.0K | ||
| Q1 24 | $-109.0K | $1.6M |
毛利率CREXCSPI
| Q4 25 | 47.9% | 39.3% | ||
| Q3 25 | 45.3% | 36.6% | ||
| Q2 25 | 38.5% | 28.8% | ||
| Q1 25 | 45.7% | 32.0% | ||
| Q4 24 | 44.2% | 29.1% | ||
| Q3 24 | 45.6% | 28.4% | ||
| Q2 24 | 51.8% | 35.0% | ||
| Q1 24 | 46.9% | 47.3% |
营业利润率CREXCSPI
| Q4 25 | 1.9% | -0.9% | ||
| Q3 25 | -68.9% | -3.7% | ||
| Q2 25 | -10.2% | -7.9% | ||
| Q1 25 | -7.4% | -7.6% | ||
| Q4 24 | -6.5% | -2.3% | ||
| Q3 24 | 7.9% | -15.7% | ||
| Q2 24 | 4.5% | -5.5% | ||
| Q1 24 | -0.6% | 9.0% |
净利率CREXCSPI
| Q4 25 | -8.2% | 0.8% | ||
| Q3 25 | -74.5% | -1.3% | ||
| Q2 25 | -13.9% | -1.7% | ||
| Q1 25 | 34.6% | -0.8% | ||
| Q4 24 | -25.8% | 3.0% | ||
| Q3 24 | 0.4% | -12.7% | ||
| Q2 24 | -4.7% | -1.4% | ||
| Q1 24 | -0.9% | 11.6% |
每股收益（稀释后）CREXCSPI
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.75 | $-0.02 | ||
| Q2 25 | $-0.17 | $-0.03 | ||
| Q1 25 | $0.32 | $-0.01 | ||
| Q4 24 | $-0.28 | $0.05 | ||
| Q3 24 | $0.01 | $-0.17 | ||
| Q2 24 | $-0.06 | $-0.02 | ||
| Q1 24 | $-0.01 | $0.16 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6M | $24.9M |
| 总债务越低越好 | $44.0M | — |
| 股东权益账面价值 | $21.5M | $44.8M |
| 总资产 | $151.0M | $69.2M |
| 负债/权益比越低杠杆越低 | 2.04× | — |
8季度趋势，按日历期对齐
现金及短期投资CREXCSPI
| Q4 25 | $1.6M | $24.9M | ||
| Q3 25 | $314.0K | $27.4M | ||
| Q2 25 | $569.0K | $26.3M | ||
| Q1 25 | $1.1M | $29.5M | ||
| Q4 24 | $1.0M | $30.7M | ||
| Q3 24 | $868.0K | $30.6M | ||
| Q2 24 | $4.1M | $28.9M | ||
| Q1 24 | $2.9M | $27.1M |
总债务CREXCSPI
| Q4 25 | $44.0M | — | ||
| Q3 25 | $22.0M | — | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $10.7M | — | ||
| Q2 24 | $13.6M | — | ||
| Q1 24 | $12.8M | — |
股东权益CREXCSPI
| Q4 25 | $21.5M | $44.8M | ||
| Q3 25 | $21.9M | $44.6M | ||
| Q2 25 | $29.4M | $47.5M | ||
| Q1 25 | $29.9M | $47.5M | ||
| Q4 24 | $25.5M | $47.5M | ||
| Q3 24 | $28.3M | $47.3M | ||
| Q2 24 | $28.2M | $48.1M | ||
| Q1 24 | $28.8M | $48.2M |
总资产CREXCSPI
| Q4 25 | $151.0M | $69.2M | ||
| Q3 25 | $61.3M | $71.2M | ||
| Q2 25 | $63.7M | $66.8M | ||
| Q1 25 | $67.0M | $67.1M | ||
| Q4 24 | $65.2M | $67.5M | ||
| Q3 24 | $67.6M | $69.4M | ||
| Q2 24 | $69.6M | $66.8M | ||
| Q1 24 | $68.2M | $64.2M |
负债/权益比CREXCSPI
| Q4 25 | 2.04× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.44× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-4.5M | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | $-4.6M | $-3.0M |
| 自由现金流率自由现金流/营收 | -19.1% | -25.1% |
| 资本支出强度资本支出/营收 | 0.4% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -32.04× |
| 过去12个月自由现金流最近4个季度 | $-8.1M | $-2.8M |
8季度趋势，按日历期对齐
经营现金流CREXCSPI
| Q4 25 | $-4.5M | $-2.9M | ||
| Q3 25 | $-1.6M | $1.9M | ||
| Q2 25 | $773.0K | $-3.3M | ||
| Q1 25 | $-2.4M | $1.9M | ||
| Q4 24 | $-1.4M | $1.7M | ||
| Q3 24 | $544.0K | $-1.5M | ||
| Q2 24 | $2.3M | $2.4M | ||
| Q1 24 | $1.9M | $1.7M |
自由现金流CREXCSPI
| Q4 25 | $-4.6M | $-3.0M | ||
| Q3 25 | $-1.7M | $1.7M | ||
| Q2 25 | $672.0K | $-3.3M | ||
| Q1 25 | $-2.5M | $1.9M | ||
| Q4 24 | $-1.4M | $1.7M | ||
| Q3 24 | $543.0K | $-1.5M | ||
| Q2 24 | $2.3M | $2.4M | ||
| Q1 24 | $1.9M | $1.6M |
自由现金流率CREXCSPI
| Q4 25 | -19.1% | -25.1% | ||
| Q3 25 | -16.2% | 11.5% | ||
| Q2 25 | 5.2% | -21.7% | ||
| Q1 25 | -25.2% | 14.5% | ||
| Q4 24 | -12.5% | 10.8% | ||
| Q3 24 | 3.8% | -11.7% | ||
| Q2 24 | 17.3% | 17.9% | ||
| Q1 24 | 15.7% | 11.9% |
资本支出强度CREXCSPI
| Q4 25 | 0.4% | 0.9% | ||
| Q3 25 | 1.0% | 1.6% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
现金转化率CREXCSPI
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | 10.07× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CREX
| Service And Other | $17.3M | 72% |
| Managed Services | $4.7M | 20% |
| Installation Services | $1.7M | 7% |
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
