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CSP INC（CSPI）与勤达睿（KD）财务数据对比。点击上方公司名可切换其他公司
勤达睿的季度营收约是CSP INC的320.6倍（$3.9B vs $12.0M）。勤达睿净利率更高（1.5% vs 0.8%，领先0.7%）。勤达睿同比增速更快（3.1% vs -23.2%）。勤达睿自由现金流更多（$208.0M vs $-3.0M）。过去两年勤达睿的营收复合增速更高（0.1% 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。
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
CSPI vs KD — 直观对比
营收规模更大
KD
是对方的320.6倍
$12.0M
营收增速更快
KD
高出26.3%
-23.2%
净利率更高
KD
高出0.7%
0.8%
自由现金流更多
KD
多$211.0M
$-3.0M
两年增速更快
KD
近两年复合增速
-6.3%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $3.9B |
| 净利润 | $91.0K | $57.0M |
| 毛利率 | 39.3% | 21.8% |
| 营业利润率 | -0.9% | 2.4% |
| 净利率 | 0.8% | 1.5% |
| 营收同比 | -23.2% | 3.1% |
| 净利润同比 | -80.7% | -73.5% |
| 每股收益（稀释后） | $0.01 | $0.25 |
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CSPIKD
| Q4 25 | $12.0M | $3.9B | ||
| Q3 25 | $14.5M | $3.7B | ||
| Q2 25 | $15.4M | $3.7B | ||
| Q1 25 | $13.1M | $3.8B | ||
| Q4 24 | $15.7M | $3.7B | ||
| Q3 24 | $13.0M | $3.8B | ||
| Q2 24 | $13.1M | $3.7B | ||
| Q1 24 | $13.7M | $3.9B |
净利润CSPIKD
| Q4 25 | $91.0K | $57.0M | ||
| Q3 25 | $-191.0K | $68.0M | ||
| Q2 25 | $-264.0K | $56.0M | ||
| Q1 25 | $-108.0K | $69.0M | ||
| Q4 24 | $472.0K | $215.0M | ||
| Q3 24 | $-1.7M | $-43.0M | ||
| Q2 24 | $-185.0K | $11.0M | ||
| Q1 24 | $1.6M | $-45.0M |
毛利率CSPIKD
| Q4 25 | 39.3% | 21.8% | ||
| Q3 25 | 36.6% | 21.5% | ||
| Q2 25 | 28.8% | 21.3% | ||
| Q1 25 | 32.0% | 21.7% | ||
| Q4 24 | 29.1% | 20.4% | ||
| Q3 24 | 28.4% | 19.9% | ||
| Q2 24 | 35.0% | 21.5% | ||
| Q1 24 | 47.3% | 18.6% |
营业利润率CSPIKD
| Q4 25 | -0.9% | 2.4% | ||
| Q3 25 | -3.7% | 2.6% | ||
| Q2 25 | -7.9% | 2.5% | ||
| Q1 25 | -7.6% | 3.1% | ||
| Q4 24 | -2.3% | 6.9% | ||
| Q3 24 | -15.7% | -0.1% | ||
| Q2 24 | -5.5% | 1.7% | ||
| Q1 24 | 9.0% | -0.1% |
净利率CSPIKD
| Q4 25 | 0.8% | 1.5% | ||
| Q3 25 | -1.3% | 1.8% | ||
| Q2 25 | -1.7% | 1.5% | ||
| Q1 25 | -0.8% | 1.8% | ||
| Q4 24 | 3.0% | 5.7% | ||
| Q3 24 | -12.7% | -1.1% | ||
| Q2 24 | -1.4% | 0.3% | ||
| Q1 24 | 11.6% | -1.2% |
每股收益（稀释后）CSPIKD
| Q4 25 | $0.01 | $0.25 | ||
| Q3 25 | $-0.02 | $0.29 | ||
| Q2 25 | $-0.03 | $0.23 | ||
| Q1 25 | $-0.01 | $0.30 | ||
| Q4 24 | $0.05 | $0.89 | ||
| Q3 24 | $-0.17 | $-0.19 | ||
| Q2 24 | $-0.02 | $0.05 | ||
| Q1 24 | $0.16 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $44.8M | $1.2B |
| 总资产 | $69.2M | $11.3B |
| 负债/权益比越低杠杆越低 | — | 1.92× |
8季度趋势，按日历期对齐
现金及短期投资CSPIKD
| Q4 25 | $24.9M | $1.3B | ||
| Q3 25 | $27.4M | $1.3B | ||
| Q2 25 | $26.3M | $1.5B | ||
| Q1 25 | $29.5M | $1.8B | ||
| Q4 24 | $30.7M | $1.5B | ||
| Q3 24 | $30.6M | $1.3B | ||
| Q2 24 | $28.9M | $1.3B | ||
| Q1 24 | $27.1M | $1.6B |
总债务CSPIKD
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
股东权益CSPIKD
| Q4 25 | $44.8M | $1.2B | ||
| Q3 25 | $44.6M | $1.2B | ||
| Q2 25 | $47.5M | $1.2B | ||
| Q1 25 | $47.5M | $1.2B | ||
| Q4 24 | $47.5M | $1.1B | ||
| Q3 24 | $47.3M | $1.1B | ||
| Q2 24 | $48.1M | $996.0M | ||
| Q1 24 | $48.2M | $1.0B |
总资产CSPIKD
| Q4 25 | $69.2M | $11.3B | ||
| Q3 25 | $71.2M | $11.2B | ||
| Q2 25 | $66.8M | $11.5B | ||
| Q1 25 | $67.1M | $10.5B | ||
| Q4 24 | $67.5M | $9.9B | ||
| Q3 24 | $69.4M | $10.4B | ||
| Q2 24 | $66.8M | $10.2B | ||
| Q1 24 | $64.2M | $10.6B |
负债/权益比CSPIKD
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | 3.07× |
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 | $428.0M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $208.0M |
| 自由现金流率自由现金流/营收 | -25.1% | 5.4% |
| 资本支出强度资本支出/营收 | 0.9% | 5.7% |
| 现金转化率经营现金流/净利润 | -32.04× | 7.51× |
| 过去12个月自由现金流最近4个季度 | $-2.8M | $299.0M |
8季度趋势，按日历期对齐
经营现金流CSPIKD
| Q4 25 | $-2.9M | $428.0M | ||
| Q3 25 | $1.9M | $146.0M | ||
| Q2 25 | $-3.3M | $-124.0M | ||
| Q1 25 | $1.9M | $581.0M | ||
| Q4 24 | $1.7M | $260.0M | ||
| Q3 24 | $-1.5M | $149.0M | ||
| Q2 24 | $2.4M | $-48.0M | ||
| Q1 24 | $1.7M | $145.0M |
自由现金流CSPIKD
| Q4 25 | $-3.0M | $208.0M | ||
| Q3 25 | $1.7M | $17.0M | ||
| Q2 25 | $-3.3M | $-267.0M | ||
| Q1 25 | $1.9M | $341.0M | ||
| Q4 24 | $1.7M | $151.0M | ||
| Q3 24 | $-1.5M | $15.0M | ||
| Q2 24 | $2.4M | $-170.0M | ||
| Q1 24 | $1.6M | $-57.0M |
自由现金流率CSPIKD
| Q4 25 | -25.1% | 5.4% | ||
| Q3 25 | 11.5% | 0.5% | ||
| Q2 25 | -21.7% | -7.1% | ||
| Q1 25 | 14.5% | 9.0% | ||
| Q4 24 | 10.8% | 4.0% | ||
| Q3 24 | -11.7% | 0.4% | ||
| Q2 24 | 17.9% | -4.5% | ||
| Q1 24 | 11.9% | -1.5% |
资本支出强度CSPIKD
| Q4 25 | 0.9% | 5.7% | ||
| Q3 25 | 1.6% | 3.5% | ||
| Q2 25 | 0.4% | 3.8% | ||
| Q1 25 | 0.1% | 6.3% | ||
| Q4 24 | 0.3% | 2.9% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | 0.3% | 3.3% | ||
| Q1 24 | 0.1% | 5.2% |
现金转化率CSPIKD
| Q4 25 | -32.04× | 7.51× | ||
| Q3 25 | — | 2.15× | ||
| Q2 25 | — | -2.21× | ||
| Q1 25 | — | 8.42× | ||
| Q4 24 | 3.69× | 1.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -4.36× | ||
| 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% |
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
