vs
CSP INC（CSPI）与NexPoint Real Estate Finance, Inc.（NREF）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NexPoint Real Estate Finance, Inc.的1.1倍（$12.0M vs $11.1M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs 0.8%，领先215.9%），CSP INC同比增速更快（-23.2% vs -48.8%）
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。
NexPoint Real Estate Finance, Inc.是一家总部位于美国的商业地产金融企业，主要为多户住宅、写字楼、工业及酒店物业提供结构化融资方案，运营并管理抵押贷款及其他地产相关投资组合，为利益相关方提供经风险调整的稳定回报。
CSPI vs NREF — 直观对比
营收规模更大
CSPI
是对方的1.1倍
$11.1M
营收增速更快
CSPI
高出25.6%
-48.8%
净利率更高
NREF
高出215.9%
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $11.1M |
| 净利润 | $91.0K | $24.0M |
| 毛利率 | 39.3% | — |
| 营业利润率 | -0.9% | — |
| 净利率 | 0.8% | 216.6% |
| 营收同比 | -23.2% | -48.8% |
| 净利润同比 | -80.7% | 58.7% |
| 每股收益（稀释后） | $0.01 | $0.47 |
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CSPINREF
| Q4 25 | $12.0M | $11.1M | ||
| Q3 25 | $14.5M | $12.5M | ||
| Q2 25 | $15.4M | $12.1M | ||
| Q1 25 | $13.1M | $11.5M | ||
| Q4 24 | $15.7M | $21.7M | ||
| Q3 24 | $13.0M | $12.5M | ||
| Q2 24 | $13.1M | $6.7M | ||
| Q1 24 | $13.7M | $-12.8M |
净利润CSPINREF
| Q4 25 | $91.0K | $24.0M | ||
| Q3 25 | $-191.0K | $50.9M | ||
| Q2 25 | $-264.0K | $22.3M | ||
| Q1 25 | $-108.0K | $26.0M | ||
| Q4 24 | $472.0K | $15.2M | ||
| Q3 24 | $-1.7M | $23.3M | ||
| Q2 24 | $-185.0K | $12.1M | ||
| Q1 24 | $1.6M | $-14.6M |
毛利率CSPINREF
| Q4 25 | 39.3% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 32.0% | — | ||
| Q4 24 | 29.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 35.0% | — | ||
| Q1 24 | 47.3% | — |
营业利润率CSPINREF
| Q4 25 | -0.9% | — | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -7.9% | — | ||
| Q1 25 | -7.6% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -15.7% | — | ||
| Q2 24 | -5.5% | — | ||
| Q1 24 | 9.0% | — |
净利率CSPINREF
| Q4 25 | 0.8% | 216.6% | ||
| Q3 25 | -1.3% | 407.0% | ||
| Q2 25 | -1.7% | 184.5% | ||
| Q1 25 | -0.8% | 225.6% | ||
| Q4 24 | 3.0% | 69.9% | ||
| Q3 24 | -12.7% | 186.4% | ||
| Q2 24 | -1.4% | 179.7% | ||
| Q1 24 | 11.6% | 114.3% |
每股收益（稀释后）CSPINREF
| Q4 25 | $0.01 | $0.47 | ||
| Q3 25 | $-0.02 | $1.14 | ||
| Q2 25 | $-0.03 | $0.54 | ||
| Q1 25 | $-0.01 | $0.70 | ||
| Q4 24 | $0.05 | $0.71 | ||
| Q3 24 | $-0.17 | $0.74 | ||
| Q2 24 | $-0.02 | $0.40 | ||
| Q1 24 | $0.16 | $-0.83 |
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 | $31.1M |
| 总债务越低越好 | — | $771.2M |
| 股东权益账面价值 | $44.8M | $388.0M |
| 总资产 | $69.2M | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资CSPINREF
| Q4 25 | $24.9M | $31.1M | ||
| Q3 25 | $27.4M | $17.9M | ||
| Q2 25 | $26.3M | $9.1M | ||
| Q1 25 | $29.5M | $19.2M | ||
| Q4 24 | $30.7M | $3.9M | ||
| Q3 24 | $30.6M | $34.7M | ||
| Q2 24 | $28.9M | $4.3M | ||
| Q1 24 | $27.1M | $13.5M |
总债务CSPINREF
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
股东权益CSPINREF
| Q4 25 | $44.8M | $388.0M | ||
| Q3 25 | $44.6M | $375.4M | ||
| Q2 25 | $47.5M | $348.2M | ||
| Q1 25 | $47.5M | $343.7M | ||
| Q4 24 | $47.5M | $336.5M | ||
| Q3 24 | $47.3M | $335.8M | ||
| Q2 24 | $48.1M | $327.5M | ||
| Q1 24 | $48.2M | $327.1M |
总资产CSPINREF
| Q4 25 | $69.2M | $5.3B | ||
| Q3 25 | $71.2M | $5.3B | ||
| Q2 25 | $66.8M | $5.4B | ||
| Q1 25 | $67.1M | $5.4B | ||
| Q4 24 | $67.5M | $5.4B | ||
| Q3 24 | $69.4M | $5.7B | ||
| Q2 24 | $66.8M | $6.6B | ||
| Q1 24 | $64.2M | $7.1B |
负债/权益比CSPINREF
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | — |
| 自由现金流率自由现金流/营收 | -25.1% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | -32.04× | -0.19× |
| 过去12个月自由现金流最近4个季度 | $-2.8M | — |
8季度趋势，按日历期对齐
经营现金流CSPINREF
| Q4 25 | $-2.9M | $-4.5M | ||
| Q3 25 | $1.9M | $8.1M | ||
| Q2 25 | $-3.3M | $3.3M | ||
| Q1 25 | $1.9M | $16.0M | ||
| Q4 24 | $1.7M | $4.4M | ||
| Q3 24 | $-1.5M | $14.7M | ||
| Q2 24 | $2.4M | $-7.5M | ||
| Q1 24 | $1.7M | $17.7M |
自由现金流CSPINREF
| Q4 25 | $-3.0M | — | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | $1.6M | — |
自由现金流率CSPINREF
| Q4 25 | -25.1% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | -21.7% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | -11.7% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 11.9% | — |
资本支出强度CSPINREF
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.1% | — |
现金转化率CSPINREF
| Q4 25 | -32.04× | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | 3.69× | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| 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% |
NREF
暂无分部数据
