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CSP INC（CSPI）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是CSP INC的133.3倍（$1.6B vs $12.0M）。帕森斯公司净利率更高（3.5% vs 0.8%，领先2.7%）。帕森斯公司同比增速更快（-7.5% vs -23.2%）。帕森斯公司自由现金流更多（$135.6M vs $-3.0M）。过去两年帕森斯公司的营收复合增速更高（2.2% 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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
CSPI vs PSN — 直观对比
营收规模更大
PSN
是对方的133.3倍
$12.0M
营收增速更快
PSN
高出15.7%
-23.2%
净利率更高
PSN
高出2.7%
0.8%
自由现金流更多
PSN
多$138.6M
$-3.0M
两年增速更快
PSN
近两年复合增速
-6.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $1.6B |
| 净利润 | $91.0K | $55.6M |
| 毛利率 | 39.3% | 23.0% |
| 营业利润率 | -0.9% | 6.6% |
| 净利率 | 0.8% | 3.5% |
| 营收同比 | -23.2% | -7.5% |
| 净利润同比 | -80.7% | -72.4% |
| 每股收益（稀释后） | $0.01 | $0.51 |
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CSPIPSN
| Q4 25 | $12.0M | $1.6B | ||
| Q3 25 | $14.5M | $1.6B | ||
| Q2 25 | $15.4M | $1.6B | ||
| Q1 25 | $13.1M | $1.6B | ||
| Q4 24 | $15.7M | $1.7B | ||
| Q3 24 | $13.0M | $1.8B | ||
| Q2 24 | $13.1M | $1.7B | ||
| Q1 24 | $13.7M | $1.5B |
净利润CSPIPSN
| Q4 25 | $91.0K | $55.6M | ||
| Q3 25 | $-191.0K | $64.1M | ||
| Q2 25 | $-264.0K | $55.2M | ||
| Q1 25 | $-108.0K | $66.2M | ||
| Q4 24 | $472.0K | $201.3M | ||
| Q3 24 | $-1.7M | $72.0M | ||
| Q2 24 | $-185.0K | $69.2M | ||
| Q1 24 | $1.6M | $-107.4M |
毛利率CSPIPSN
| Q4 25 | 39.3% | 23.0% | ||
| Q3 25 | 36.6% | 22.2% | ||
| Q2 25 | 28.8% | 22.0% | ||
| Q1 25 | 32.0% | 22.8% | ||
| Q4 24 | 29.1% | 21.3% | ||
| Q3 24 | 28.4% | 19.9% | ||
| Q2 24 | 35.0% | 21.0% | ||
| Q1 24 | 47.3% | 21.2% |
营业利润率CSPIPSN
| Q4 25 | -0.9% | 6.6% | ||
| Q3 25 | -3.7% | 6.7% | ||
| Q2 25 | -7.9% | 6.0% | ||
| Q1 25 | -7.6% | 7.0% | ||
| Q4 24 | -2.3% | 5.8% | ||
| Q3 24 | -15.7% | 6.4% | ||
| Q2 24 | -5.5% | 6.7% | ||
| Q1 24 | 9.0% | 6.6% |
净利率CSPIPSN
| Q4 25 | 0.8% | 3.5% | ||
| Q3 25 | -1.3% | 4.0% | ||
| Q2 25 | -1.7% | 3.5% | ||
| Q1 25 | -0.8% | 4.3% | ||
| Q4 24 | 3.0% | 11.6% | ||
| Q3 24 | -12.7% | 4.0% | ||
| Q2 24 | -1.4% | 4.1% | ||
| Q1 24 | 11.6% | -7.0% |
每股收益（稀释后）CSPIPSN
| Q4 25 | $0.01 | $0.51 | ||
| Q3 25 | $-0.02 | $0.59 | ||
| Q2 25 | $-0.03 | $0.50 | ||
| Q1 25 | $-0.01 | $0.60 | ||
| Q4 24 | $0.05 | $1.85 | ||
| Q3 24 | $-0.17 | $0.65 | ||
| Q2 24 | $-0.02 | $0.63 | ||
| Q1 24 | $0.16 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $44.8M | $2.6B |
| 总资产 | $69.2M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资CSPIPSN
| Q4 25 | $24.9M | $466.4M | ||
| Q3 25 | $27.4M | $422.6M | ||
| Q2 25 | $26.3M | $411.3M | ||
| Q1 25 | $29.5M | $269.7M | ||
| Q4 24 | $30.7M | $453.5M | ||
| Q3 24 | $30.6M | $558.8M | ||
| Q2 24 | $28.9M | $528.5M | ||
| Q1 24 | $27.1M | $423.1M |
总债务CSPIPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益CSPIPSN
| Q4 25 | $44.8M | $2.6B | ||
| Q3 25 | $44.6M | $2.6B | ||
| Q2 25 | $47.5M | $2.5B | ||
| Q1 25 | $47.5M | $2.5B | ||
| Q4 24 | $47.5M | $2.4B | ||
| Q3 24 | $47.3M | $2.3B | ||
| Q2 24 | $48.1M | $2.2B | ||
| Q1 24 | $48.2M | $2.1B |
总资产CSPIPSN
| Q4 25 | $69.2M | $5.8B | ||
| Q3 25 | $71.2M | $5.7B | ||
| Q2 25 | $66.8M | $5.7B | ||
| Q1 25 | $67.1M | $5.4B | ||
| Q4 24 | $67.5M | $5.5B | ||
| Q3 24 | $69.4M | $5.4B | ||
| Q2 24 | $66.8M | $5.2B | ||
| Q1 24 | $64.2M | $5.1B |
负债/权益比CSPIPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $135.6M |
| 自由现金流率自由现金流/营收 | -25.1% | 8.5% |
| 资本支出强度资本支出/营收 | 0.9% | 2.0% |
| 现金转化率经营现金流/净利润 | -32.04× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $-2.8M | $410.4M |
8季度趋势，按日历期对齐
经营现金流CSPIPSN
| Q4 25 | $-2.9M | $167.5M | ||
| Q3 25 | $1.9M | $162.8M | ||
| Q2 25 | $-3.3M | $159.8M | ||
| Q1 25 | $1.9M | $-11.8M | ||
| Q4 24 | $1.7M | $126.8M | ||
| Q3 24 | $-1.5M | $299.0M | ||
| Q2 24 | $2.4M | $161.2M | ||
| Q1 24 | $1.7M | $-63.4M |
自由现金流CSPIPSN
| Q4 25 | $-3.0M | $135.6M | ||
| Q3 25 | $1.7M | $149.7M | ||
| Q2 25 | $-3.3M | $150.4M | ||
| Q1 25 | $1.9M | $-25.3M | ||
| Q4 24 | $1.7M | $108.0M | ||
| Q3 24 | $-1.5M | $287.3M | ||
| Q2 24 | $2.4M | $152.0M | ||
| Q1 24 | $1.6M | $-72.9M |
自由现金流率CSPIPSN
| Q4 25 | -25.1% | 8.5% | ||
| Q3 25 | 11.5% | 9.2% | ||
| Q2 25 | -21.7% | 9.5% | ||
| Q1 25 | 14.5% | -1.6% | ||
| Q4 24 | 10.8% | 6.2% | ||
| Q3 24 | -11.7% | 15.9% | ||
| Q2 24 | 17.9% | 9.1% | ||
| Q1 24 | 11.9% | -4.7% |
资本支出强度CSPIPSN
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.3% | 1.1% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 0.1% | 0.6% |
现金转化率CSPIPSN
| Q4 25 | -32.04× | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | 3.69× | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| 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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
