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CENTERSPACE（CSR）与FARMER BROTHERS CO（FARM）财务数据对比。点击上方公司名可切换其他公司
FARMER BROTHERS CO的季度营收约是CENTERSPACE的1.3倍（$88.9M vs $66.6M），FARMER BROTHERS CO净利率更高（-5.5% vs -27.7%，领先22.2%），CENTERSPACE同比增速更快（0.3% vs -1.2%），CENTERSPACE自由现金流更多（$64.3M vs $-2.6M），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% vs 1.6%）
Centerspace是一家专注于多户住宅物业持有、运营与开发的房地产投资企业，核心业务覆盖美国中西部及落基山西部区域，面向不同租户群体提供经济型及高端住宅选择，重视租户体验与资产长期价值增长。
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
CSR vs FARM — 直观对比
营收规模更大
FARM
是对方的1.3倍
$66.6M
营收增速更快
CSR
高出1.5%
-1.2%
净利率更高
FARM
高出22.2%
-27.7%
自由现金流更多
CSR
多$66.9M
$-2.6M
两年增速更快
FARM
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $88.9M |
| 净利润 | $-18.4M | $-4.9M |
| 毛利率 | 96.5% | 36.3% |
| 营业利润率 | -15.9% | -4.7% |
| 净利率 | -27.7% | -5.5% |
| 营收同比 | 0.3% | -1.2% |
| 净利润同比 | -262.9% | -2417.1% |
| 每股收益（稀释后） | $-1.08 | $-0.22 |
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CSRFARM
| Q4 25 | $66.6M | $88.9M | ||
| Q3 25 | $71.4M | $81.6M | ||
| Q2 25 | $68.5M | $85.1M | ||
| Q1 25 | $67.1M | $82.1M | ||
| Q4 24 | $66.4M | $90.0M | ||
| Q3 24 | $65.0M | $85.1M | ||
| Q2 24 | $65.0M | $84.4M | ||
| Q1 24 | $64.5M | $85.4M |
净利润CSRFARM
| Q4 25 | $-18.4M | $-4.9M | ||
| Q3 25 | $53.8M | $-4.0M | ||
| Q2 25 | $-14.5M | $-4.7M | ||
| Q1 25 | $-3.7M | $-5.0M | ||
| Q4 24 | $-5.1M | $210.0K | ||
| Q3 24 | $-1.0M | $-5.0M | ||
| Q2 24 | $-1.3M | $-4.6M | ||
| Q1 24 | $-3.9M | $-682.0K |
毛利率CSRFARM
| Q4 25 | 96.5% | 36.3% | ||
| Q3 25 | 96.5% | 39.7% | ||
| Q2 25 | 96.5% | 44.9% | ||
| Q1 25 | 96.4% | 42.1% | ||
| Q4 24 | 96.5% | 43.1% | ||
| Q3 24 | 96.6% | 43.9% | ||
| Q2 24 | 96.6% | 38.8% | ||
| Q1 24 | 96.4% | 40.1% |
营业利润率CSRFARM
| Q4 25 | -15.9% | -4.7% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | -9.9% | 4.6% | ||
| Q1 25 | 7.1% | -4.3% | ||
| Q4 24 | 4.3% | 1.1% | ||
| Q3 24 | 9.8% | -3.3% | ||
| Q2 24 | 11.1% | -4.9% | ||
| Q1 24 | 6.3% | -0.5% |
净利率CSRFARM
| Q4 25 | -27.7% | -5.5% | ||
| Q3 25 | 75.3% | -4.9% | ||
| Q2 25 | -21.2% | -5.6% | ||
| Q1 25 | -5.6% | -6.1% | ||
| Q4 24 | -7.6% | 0.2% | ||
| Q3 24 | -1.6% | -5.9% | ||
| Q2 24 | -2.0% | -5.4% | ||
| Q1 24 | -6.1% | -0.8% |
每股收益（稀释后）CSRFARM
| Q4 25 | $-1.08 | $-0.22 | ||
| Q3 25 | $3.19 | $-0.19 | ||
| Q2 25 | $-0.87 | $-0.22 | ||
| Q1 25 | $-0.22 | $-0.23 | ||
| Q4 24 | $-0.31 | $0.01 | ||
| Q3 24 | $-0.40 | $-0.24 | ||
| Q2 24 | $-0.19 | $-0.23 | ||
| Q1 24 | $-0.37 | $-0.03 |
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 | $12.8M | $4.2M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $35.7M |
| 总资产 | $1.9B | $151.4M |
| 负债/权益比越低杠杆越低 | 1.42× | — |
8季度趋势，按日历期对齐
现金及短期投资CSRFARM
| Q4 25 | $12.8M | $4.2M | ||
| Q3 25 | $12.9M | $3.8M | ||
| Q2 25 | $12.4M | $6.8M | ||
| Q1 25 | $11.9M | $4.1M | ||
| Q4 24 | $12.0M | $5.5M | ||
| Q3 24 | $14.5M | $3.3M | ||
| Q2 24 | $14.3M | $5.8M | ||
| Q1 24 | $12.7M | $5.5M |
总债务CSRFARM
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $955.5M | — | ||
| Q4 24 | $955.4M | — | ||
| Q3 24 | $921.3M | — | ||
| Q2 24 | $931.7M | — | ||
| Q1 24 | $929.1M | — |
股东权益CSRFARM
| Q4 25 | $719.2M | $35.7M | ||
| Q3 25 | $748.6M | $40.0M | ||
| Q2 25 | $710.1M | $43.5M | ||
| Q1 25 | $636.8M | $37.3M | ||
| Q4 24 | $752.0M | $41.5M | ||
| Q3 24 | $672.5M | $40.9M | ||
| Q2 24 | $680.7M | $45.5M | ||
| Q1 24 | $688.1M | $43.1M |
总资产CSRFARM
| Q4 25 | $1.9B | $151.4M | ||
| Q3 25 | $2.1B | $158.8M | ||
| Q2 25 | $2.0B | $161.2M | ||
| Q1 25 | $1.9B | $163.2M | ||
| Q4 24 | $1.9B | $179.1M | ||
| Q3 24 | $1.9B | $182.0M | ||
| Q2 24 | $1.9B | $185.2M | ||
| Q1 24 | $1.9B | $179.1M |
负债/权益比CSRFARM
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.35× | — |
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 | $98.5M | $-786.0K |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $-2.6M |
| 自由现金流率自由现金流/营收 | 96.5% | -2.9% |
| 资本支出强度资本支出/营收 | 51.3% | 2.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $125.9M | — |
8季度趋势，按日历期对齐
经营现金流CSRFARM
| Q4 25 | $98.5M | $-786.0K | ||
| Q3 25 | $35.1M | $-5.0M | ||
| Q2 25 | $25.3M | $9.7M | ||
| Q1 25 | $25.4M | $1.3M | ||
| Q4 24 | $98.2M | $2.6M | ||
| Q3 24 | $32.3M | $2.5M | ||
| Q2 24 | $22.9M | $-995.0K | ||
| Q1 24 | $24.4M | $-2.3M |
自由现金流CSRFARM
| Q4 25 | $64.3M | $-2.6M | ||
| Q3 25 | $25.7M | $-6.9M | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $20.4M | $-684.0K | ||
| Q4 24 | $41.6M | $521.0K | ||
| Q3 24 | $20.5M | $-837.0K | ||
| Q2 24 | $9.1M | — | ||
| Q1 24 | $2.6M | $-5.7M |
自由现金流率CSRFARM
| Q4 25 | 96.5% | -2.9% | ||
| Q3 25 | 36.0% | -8.5% | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 30.4% | -0.8% | ||
| Q4 24 | 62.6% | 0.6% | ||
| Q3 24 | 31.5% | -1.0% | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 4.0% | -6.7% |
资本支出强度CSRFARM
| Q4 25 | 51.3% | 2.1% | ||
| Q3 25 | 13.1% | 2.4% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 7.5% | 2.4% | ||
| Q4 24 | 85.3% | 2.3% | ||
| Q3 24 | 18.2% | 3.9% | ||
| Q2 24 | 21.2% | — | ||
| Q1 24 | 33.8% | 4.0% |
现金转化率CSRFARM
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.16× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CSR
| Multi Family Residential | $57.3M | 86% |
| Other | $8.1M | 12% |
| Other Property Revenue | $1.2M | 2% |
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
