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CSP INC（CSPI）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
CSP INC的季度营收约是Digimarc CORP的1.4倍（$12.0M vs $8.9M），CSP INC净利率更高（0.8% vs -47.2%，领先48.0%），Digimarc CORP同比增速更快（2.9% vs -23.2%），Digimarc CORP自由现金流更多（$895.0K vs $-3.0M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -6.3%）
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。
迪吉马克公司是一家企业软件与服务提供商，其主打产品包含带数字标识符的软件，主要用于解决防伪问题、验证产品真伪、提升回收准确性以及实现供应链可追溯，产品可广泛应用于服装、快消品、美妆健康、汽车等多个行业领域。
CSPI vs DMRC — 直观对比
营收规模更大
CSPI
是对方的1.4倍
$8.9M
营收增速更快
DMRC
高出26.1%
-23.2%
净利率更高
CSPI
高出48.0%
-47.2%
自由现金流更多
DMRC
多$3.9M
$-3.0M
两年增速更快
DMRC
近两年复合增速
-6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $8.9M |
| 净利润 | $91.0K | $-4.2M |
| 毛利率 | 39.3% | 63.5% |
| 营业利润率 | -0.9% | -48.2% |
| 净利率 | 0.8% | -47.2% |
| 营收同比 | -23.2% | 2.9% |
| 净利润同比 | -80.7% | 51.4% |
| 每股收益（稀释后） | $0.01 | $-0.18 |
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CSPIDMRC
| Q4 25 | $12.0M | $8.9M | ||
| Q3 25 | $14.5M | $7.6M | ||
| Q2 25 | $15.4M | $8.0M | ||
| Q1 25 | $13.1M | $9.4M | ||
| Q4 24 | $15.7M | $8.7M | ||
| Q3 24 | $13.0M | $9.4M | ||
| Q2 24 | $13.1M | $10.4M | ||
| Q1 24 | $13.7M | $9.9M |
净利润CSPIDMRC
| Q4 25 | $91.0K | $-4.2M | ||
| Q3 25 | $-191.0K | $-8.2M | ||
| Q2 25 | $-264.0K | $-8.2M | ||
| Q1 25 | $-108.0K | $-11.7M | ||
| Q4 24 | $472.0K | $-8.6M | ||
| Q3 24 | $-1.7M | $-10.8M | ||
| Q2 24 | $-185.0K | $-9.3M | ||
| Q1 24 | $1.6M | $-10.3M |
毛利率CSPIDMRC
| Q4 25 | 39.3% | 63.5% | ||
| Q3 25 | 36.6% | 58.3% | ||
| Q2 25 | 28.8% | 58.8% | ||
| Q1 25 | 32.0% | 65.0% | ||
| Q4 24 | 29.1% | 60.8% | ||
| Q3 24 | 28.4% | 62.4% | ||
| Q2 24 | 35.0% | 66.1% | ||
| Q1 24 | 47.3% | 62.5% |
营业利润率CSPIDMRC
| Q4 25 | -0.9% | -48.2% | ||
| Q3 25 | -3.7% | -109.7% | ||
| Q2 25 | -7.9% | -105.2% | ||
| Q1 25 | -7.6% | -128.9% | ||
| Q4 24 | -2.3% | -105.1% | ||
| Q3 24 | -15.7% | -120.4% | ||
| Q2 24 | -5.5% | -96.2% | ||
| Q1 24 | 9.0% | -109.2% |
净利率CSPIDMRC
| Q4 25 | 0.8% | -47.2% | ||
| Q3 25 | -1.3% | -106.9% | ||
| Q2 25 | -1.7% | -102.6% | ||
| Q1 25 | -0.8% | -125.2% | ||
| Q4 24 | 3.0% | -99.9% | ||
| Q3 24 | -12.7% | -113.9% | ||
| Q2 24 | -1.4% | -89.3% | ||
| Q1 24 | 11.6% | -104.0% |
每股收益（稀释后）CSPIDMRC
| Q4 25 | $0.01 | $-0.18 | ||
| Q3 25 | $-0.02 | $-0.38 | ||
| Q2 25 | $-0.03 | $-0.38 | ||
| Q1 25 | $-0.01 | $-0.55 | ||
| Q4 24 | $0.05 | $-0.40 | ||
| Q3 24 | $-0.17 | $-0.50 | ||
| Q2 24 | $-0.02 | $-0.43 | ||
| Q1 24 | $0.16 | $-0.50 |
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 | $24.9M | $12.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $44.8M | $40.2M |
| 总资产 | $69.2M | $53.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CSPIDMRC
| Q4 25 | $24.9M | $12.9M | ||
| Q3 25 | $27.4M | $12.6M | ||
| Q2 25 | $26.3M | $16.1M | ||
| Q1 25 | $29.5M | $21.6M | ||
| Q4 24 | $30.7M | $28.7M | ||
| Q3 24 | $30.6M | $33.7M | ||
| Q2 24 | $28.9M | $41.5M | ||
| Q1 24 | $27.1M | $48.9M |
股东权益CSPIDMRC
| Q4 25 | $44.8M | $40.2M | ||
| Q3 25 | $44.6M | $41.4M | ||
| Q2 25 | $47.5M | $46.5M | ||
| Q1 25 | $47.5M | $50.0M | ||
| Q4 24 | $47.5M | $61.4M | ||
| Q3 24 | $47.3M | $70.2M | ||
| Q2 24 | $48.1M | $77.2M | ||
| Q1 24 | $48.2M | $84.5M |
总资产CSPIDMRC
| Q4 25 | $69.2M | $53.0M | ||
| Q3 25 | $71.2M | $55.4M | ||
| Q2 25 | $66.8M | $60.7M | ||
| Q1 25 | $67.1M | $66.5M | ||
| Q4 24 | $67.5M | $75.8M | ||
| Q3 24 | $69.4M | $85.0M | ||
| Q2 24 | $66.8M | $93.4M | ||
| Q1 24 | $64.2M | $99.7M |
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 | $-2.9M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $895.0K |
| 自由现金流率自由现金流/营收 | -25.1% | 10.0% |
| 资本支出强度资本支出/营收 | 0.9% | 1.1% |
| 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 | $-2.8M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流CSPIDMRC
| Q4 25 | $-2.9M | $991.0K | ||
| Q3 25 | $1.9M | $-2.6M | ||
| Q2 25 | $-3.3M | $-4.7M | ||
| Q1 25 | $1.9M | $-5.5M | ||
| Q4 24 | $1.7M | $-4.2M | ||
| Q3 24 | $-1.5M | $-7.1M | ||
| Q2 24 | $2.4M | $-6.8M | ||
| Q1 24 | $1.7M | $-8.4M |
自由现金流CSPIDMRC
| Q4 25 | $-3.0M | $895.0K | ||
| Q3 25 | $1.7M | $-2.8M | ||
| Q2 25 | $-3.3M | $-4.9M | ||
| Q1 25 | $1.9M | $-5.5M | ||
| Q4 24 | $1.7M | $-4.2M | ||
| Q3 24 | $-1.5M | $-7.2M | ||
| Q2 24 | $2.4M | $-6.9M | ||
| Q1 24 | $1.6M | $-8.5M |
自由现金流率CSPIDMRC
| Q4 25 | -25.1% | 10.0% | ||
| Q3 25 | 11.5% | -36.9% | ||
| Q2 25 | -21.7% | -61.0% | ||
| Q1 25 | 14.5% | -59.1% | ||
| Q4 24 | 10.8% | -49.1% | ||
| Q3 24 | -11.7% | -75.7% | ||
| Q2 24 | 17.9% | -66.1% | ||
| Q1 24 | 11.9% | -85.8% |
资本支出强度CSPIDMRC
| Q4 25 | 0.9% | 1.1% | ||
| Q3 25 | 1.6% | 2.9% | ||
| Q2 25 | 0.4% | 2.5% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.1% | 0.7% | ||
| Q2 24 | 0.3% | 0.3% | ||
| Q1 24 | 0.1% | 1.1% |
现金转化率CSPIDMRC
| Q4 25 | -32.04× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.69× | — | ||
| Q3 24 | — | — | ||
| 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
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
