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CSP INC（CSPI）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是CSP INC的110.2倍（$1.3B vs $12.0M）。OPEN TEXT CORP净利率更高（12.7% vs 0.8%，领先11.9%）。OPEN TEXT CORP同比增速更快（-0.6% vs -23.2%）。OPEN TEXT CORP自由现金流更多（$279.4M vs $-3.0M）。过去两年OPEN TEXT CORP的营收复合增速更高（-4.3% 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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
CSPI vs OTEX — 直观对比
营收规模更大
OTEX
是对方的110.2倍
$12.0M
营收增速更快
OTEX
高出22.6%
-23.2%
净利率更高
OTEX
高出11.9%
0.8%
自由现金流更多
OTEX
多$282.5M
$-3.0M
两年增速更快
OTEX
近两年复合增速
-6.3%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $1.3B |
| 净利润 | $91.0K | $168.1M |
| 毛利率 | 39.3% | 74.0% |
| 营业利润率 | -0.9% | 22.0% |
| 净利率 | 0.8% | 12.7% |
| 营收同比 | -23.2% | -0.6% |
| 净利润同比 | -80.7% | -26.9% |
| 每股收益（稀释后） | $0.01 | $0.66 |
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CSPIOTEX
| Q4 25 | $12.0M | $1.3B | ||
| Q3 25 | $14.5M | $1.3B | ||
| Q2 25 | $15.4M | $1.3B | ||
| Q1 25 | $13.1M | $1.3B | ||
| Q4 24 | $15.7M | $1.3B | ||
| Q3 24 | $13.0M | $1.3B | ||
| Q2 24 | $13.1M | $1.4B | ||
| Q1 24 | $13.7M | $1.4B |
净利润CSPIOTEX
| Q4 25 | $91.0K | $168.1M | ||
| Q3 25 | $-191.0K | $146.6M | ||
| Q2 25 | $-264.0K | $28.8M | ||
| Q1 25 | $-108.0K | $92.8M | ||
| Q4 24 | $472.0K | $229.9M | ||
| Q3 24 | $-1.7M | $84.4M | ||
| Q2 24 | $-185.0K | $248.2M | ||
| Q1 24 | $1.6M | $98.3M |
毛利率CSPIOTEX
| Q4 25 | 39.3% | 74.0% | ||
| Q3 25 | 36.6% | 72.8% | ||
| Q2 25 | 28.8% | 72.3% | ||
| Q1 25 | 32.0% | 71.6% | ||
| Q4 24 | 29.1% | 73.3% | ||
| Q3 24 | 28.4% | 71.7% | ||
| Q2 24 | 35.0% | 72.5% | ||
| Q1 24 | 47.3% | 73.0% |
营业利润率CSPIOTEX
| Q4 25 | -0.9% | 22.0% | ||
| Q3 25 | -3.7% | 21.0% | ||
| Q2 25 | -7.9% | 13.9% | ||
| Q1 25 | -7.6% | 16.7% | ||
| Q4 24 | -2.3% | 22.2% | ||
| Q3 24 | -15.7% | 16.3% | ||
| Q2 24 | -5.5% | 14.2% | ||
| Q1 24 | 9.0% | 15.7% |
净利率CSPIOTEX
| Q4 25 | 0.8% | 12.7% | ||
| Q3 25 | -1.3% | 11.4% | ||
| Q2 25 | -1.7% | 2.2% | ||
| Q1 25 | -0.8% | 7.4% | ||
| Q4 24 | 3.0% | 17.2% | ||
| Q3 24 | -12.7% | 6.6% | ||
| Q2 24 | -1.4% | 18.2% | ||
| Q1 24 | 11.6% | 6.8% |
每股收益（稀释后）CSPIOTEX
| Q4 25 | $0.01 | $0.66 | ||
| Q3 25 | $-0.02 | $0.58 | ||
| Q2 25 | $-0.03 | $0.11 | ||
| Q1 25 | $-0.01 | $0.35 | ||
| Q4 24 | $0.05 | $0.87 | ||
| Q3 24 | $-0.17 | $0.32 | ||
| Q2 24 | $-0.02 | $0.91 | ||
| Q1 24 | $0.16 | $0.36 |
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 | — | $6.4B |
| 股东权益账面价值 | $44.8M | $4.0B |
| 总资产 | $69.2M | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资CSPIOTEX
| Q4 25 | $24.9M | $1.3B | ||
| Q3 25 | $27.4M | $1.1B | ||
| Q2 25 | $26.3M | $1.2B | ||
| Q1 25 | $29.5M | $1.3B | ||
| Q4 24 | $30.7M | $1.1B | ||
| Q3 24 | $30.6M | $1.0B | ||
| Q2 24 | $28.9M | $1.3B | ||
| Q1 24 | $27.1M | $1.1B |
总债务CSPIOTEX
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
股东权益CSPIOTEX
| Q4 25 | $44.8M | $4.0B | ||
| Q3 25 | $44.6M | $4.0B | ||
| Q2 25 | $47.5M | $3.9B | ||
| Q1 25 | $47.5M | $4.1B | ||
| Q4 24 | $47.5M | $4.2B | ||
| Q3 24 | $47.3M | $4.1B | ||
| Q2 24 | $48.1M | $4.2B | ||
| Q1 24 | $48.2M | $4.1B |
总资产CSPIOTEX
| Q4 25 | $69.2M | $13.6B | ||
| Q3 25 | $71.2M | $13.5B | ||
| Q2 25 | $66.8M | $13.8B | ||
| Q1 25 | $67.1M | $13.8B | ||
| Q4 24 | $67.5M | $13.7B | ||
| Q3 24 | $69.4M | $13.8B | ||
| Q2 24 | $66.8M | $14.2B | ||
| Q1 24 | $64.2M | $16.4B |
负债/权益比CSPIOTEX
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $279.4M |
| 自由现金流率自由现金流/营收 | -25.1% | 21.1% |
| 资本支出强度资本支出/营收 | 0.9% | 3.0% |
| 现金转化率经营现金流/净利润 | -32.04× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $-2.8M | $878.5M |
8季度趋势，按日历期对齐
经营现金流CSPIOTEX
| Q4 25 | $-2.9M | $318.7M | ||
| Q3 25 | $1.9M | $147.8M | ||
| Q2 25 | $-3.3M | $158.2M | ||
| Q1 25 | $1.9M | $402.2M | ||
| Q4 24 | $1.7M | $348.0M | ||
| Q3 24 | $-1.5M | $-77.8M | ||
| Q2 24 | $2.4M | $185.2M | ||
| Q1 24 | $1.7M | $384.7M |
自由现金流CSPIOTEX
| Q4 25 | $-3.0M | $279.4M | ||
| Q3 25 | $1.7M | $101.2M | ||
| Q2 25 | $-3.3M | $124.0M | ||
| Q1 25 | $1.9M | $373.8M | ||
| Q4 24 | $1.7M | $306.7M | ||
| Q3 24 | $-1.5M | $-117.1M | ||
| Q2 24 | $2.4M | $145.2M | ||
| Q1 24 | $1.6M | $348.2M |
自由现金流率CSPIOTEX
| Q4 25 | -25.1% | 21.1% | ||
| Q3 25 | 11.5% | 7.9% | ||
| Q2 25 | -21.7% | 9.5% | ||
| Q1 25 | 14.5% | 29.8% | ||
| Q4 24 | 10.8% | 23.0% | ||
| Q3 24 | -11.7% | -9.2% | ||
| Q2 24 | 17.9% | 10.7% | ||
| Q1 24 | 11.9% | 24.1% |
资本支出强度CSPIOTEX
| Q4 25 | 0.9% | 3.0% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 0.4% | 2.6% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 0.1% | 2.5% |
现金转化率CSPIOTEX
| Q4 25 | -32.04× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 3.69× | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 1.04× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
