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CENTERSPACE（CSR）与HARTE HANKS INC（HHS）财务数据对比。点击上方公司名可切换其他公司
CENTERSPACE的季度营收约是HARTE HANKS INC的1.7倍（$66.6M vs $39.9M），HARTE HANKS INC净利率更高（5.5% vs -27.7%，领先33.2%），CENTERSPACE同比增速更快（0.3% vs -15.4%），CENTERSPACE自由现金流更多（$64.3M vs $-686.0K），过去两年CENTERSPACE的营收复合增速更高（1.6% vs -6.4%）
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。
哈特·汉克斯是一家总部位于美国马萨诸塞州波士顿的全球营销服务企业，主营业务涵盖数据分析、营销战略规划、营销技术支持、创意服务、数字营销、客户服务、直邮服务以及物流履约等多个领域，为全球客户提供全方位的营销解决方案。
CSR vs HHS — 直观对比
营收规模更大
CSR
是对方的1.7倍
$39.9M
营收增速更快
CSR
高出15.7%
-15.4%
净利率更高
HHS
高出33.2%
-27.7%
自由现金流更多
CSR
多$65.0M
$-686.0K
两年增速更快
CSR
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $39.9M |
| 净利润 | $-18.4M | $2.2M |
| 毛利率 | 96.5% | — |
| 营业利润率 | -15.9% | -0.3% |
| 净利率 | -27.7% | 5.5% |
| 营收同比 | 0.3% | -15.4% |
| 净利润同比 | -262.9% | — |
| 每股收益（稀释后） | $-1.08 | $0.30 |
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CSRHHS
| Q4 25 | $66.6M | $39.9M | ||
| Q3 25 | $71.4M | $39.5M | ||
| Q2 25 | $68.5M | $38.6M | ||
| Q1 25 | $67.1M | $41.6M | ||
| Q4 24 | $66.4M | $47.1M | ||
| Q3 24 | $65.0M | $47.6M | ||
| Q2 24 | $65.0M | $45.0M | ||
| Q1 24 | $64.5M | $45.4M |
净利润CSRHHS
| Q4 25 | $-18.4M | $2.2M | ||
| Q3 25 | $53.8M | $-2.3M | ||
| Q2 25 | $-14.5M | $-335.0K | ||
| Q1 25 | $-3.7M | $-392.0K | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $-1.0M | $142.0K | ||
| Q2 24 | $-1.3M | $-27.8M | ||
| Q1 24 | $-3.9M | $-171.0K |
毛利率CSRHHS
| Q4 25 | 96.5% | — | ||
| Q3 25 | 96.5% | — | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.4% | — | ||
| Q4 24 | 96.5% | — | ||
| Q3 24 | 96.6% | — | ||
| Q2 24 | 96.6% | — | ||
| Q1 24 | 96.4% | — |
营业利润率CSRHHS
| Q4 25 | -15.9% | -0.3% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | -9.9% | 0.1% | ||
| Q1 25 | 7.1% | -0.1% | ||
| Q4 24 | 4.3% | -3.3% | ||
| Q3 24 | 9.8% | 4.0% | ||
| Q2 24 | 11.1% | 3.0% | ||
| Q1 24 | 6.3% | 0.8% |
净利率CSRHHS
| Q4 25 | -27.7% | 5.5% | ||
| Q3 25 | 75.3% | -5.8% | ||
| Q2 25 | -21.2% | -0.9% | ||
| Q1 25 | -5.6% | -0.9% | ||
| Q4 24 | -7.6% | — | ||
| Q3 24 | -1.6% | 0.3% | ||
| Q2 24 | -2.0% | -61.8% | ||
| Q1 24 | -6.1% | -0.4% |
每股收益（稀释后）CSRHHS
| Q4 25 | $-1.08 | $0.30 | ||
| Q3 25 | $3.19 | $-0.31 | ||
| Q2 25 | $-0.87 | $-0.05 | ||
| Q1 25 | $-0.22 | $-0.05 | ||
| Q4 24 | $-0.31 | $-0.31 | ||
| Q3 24 | $-0.40 | $0.02 | ||
| Q2 24 | $-0.19 | $-3.84 | ||
| Q1 24 | $-0.37 | $-0.02 |
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 | $5.6M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $20.5M |
| 总资产 | $1.9B | $91.8M |
| 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CSRHHS
| Q4 25 | $12.8M | $5.6M | ||
| Q3 25 | $12.9M | $6.5M | ||
| Q2 25 | $12.4M | $4.8M | ||
| Q1 25 | $11.9M | $9.0M | ||
| Q4 24 | $12.0M | $9.8M | ||
| Q3 24 | $14.5M | $5.9M | ||
| Q2 24 | $14.3M | $11.0M | ||
| Q1 24 | $12.7M | $11.5M |
总债务CSRHHS
| 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CSRHHS
| Q4 25 | $719.2M | $20.5M | ||
| Q3 25 | $748.6M | $19.9M | ||
| Q2 25 | $710.1M | $22.2M | ||
| Q1 25 | $636.8M | $21.4M | ||
| Q4 24 | $752.0M | $21.7M | ||
| Q3 24 | $672.5M | $21.0M | ||
| Q2 24 | $680.7M | $20.6M | ||
| Q1 24 | $688.1M | $20.0M |
总资产CSRHHS
| Q4 25 | $1.9B | $91.8M | ||
| Q3 25 | $2.1B | $92.7M | ||
| Q2 25 | $2.0B | $95.0M | ||
| Q1 25 | $1.9B | $100.6M | ||
| Q4 24 | $1.9B | $101.8M | ||
| Q3 24 | $1.9B | $108.1M | ||
| Q2 24 | $1.9B | $109.7M | ||
| Q1 24 | $1.9B | $113.4M |
负债/权益比CSRHHS
| 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 | $737.0K |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $-686.0K |
| 自由现金流率自由现金流/营收 | 96.5% | -1.7% |
| 资本支出强度资本支出/营收 | 51.3% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 0.33× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $-4.5M |
8季度趋势，按日历期对齐
经营现金流CSRHHS
| Q4 25 | $98.5M | $737.0K | ||
| Q3 25 | $35.1M | $3.2M | ||
| Q2 25 | $25.3M | $-4.8M | ||
| Q1 25 | $25.4M | $-818.0K | ||
| Q4 24 | $98.2M | $4.0M | ||
| Q3 24 | $32.3M | $-2.9M | ||
| Q2 24 | $22.9M | $1.6M | ||
| Q1 24 | $24.4M | $-5.7M |
自由现金流CSRHHS
| Q4 25 | $64.3M | $-686.0K | ||
| Q3 25 | $25.7M | $2.2M | ||
| Q2 25 | $15.5M | $-5.1M | ||
| Q1 25 | $20.4M | $-923.0K | ||
| Q4 24 | $41.6M | $3.4M | ||
| Q3 24 | $20.5M | $-4.9M | ||
| Q2 24 | $9.1M | $926.0K | ||
| Q1 24 | $2.6M | $-6.2M |
自由现金流率CSRHHS
| Q4 25 | 96.5% | -1.7% | ||
| Q3 25 | 36.0% | 5.5% | ||
| Q2 25 | 22.7% | -13.1% | ||
| Q1 25 | 30.4% | -2.2% | ||
| Q4 24 | 62.6% | 7.3% | ||
| Q3 24 | 31.5% | -10.2% | ||
| Q2 24 | 14.0% | 2.1% | ||
| Q1 24 | 4.0% | -13.7% |
资本支出强度CSRHHS
| Q4 25 | 51.3% | 3.6% | ||
| Q3 25 | 13.1% | 2.5% | ||
| Q2 25 | 14.2% | 0.6% | ||
| Q1 25 | 7.5% | 0.3% | ||
| Q4 24 | 85.3% | 1.3% | ||
| Q3 24 | 18.2% | 4.0% | ||
| Q2 24 | 21.2% | 1.5% | ||
| Q1 24 | 33.8% | 1.2% |
现金转化率CSRHHS
| Q4 25 | — | 0.33× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -20.76× | ||
| 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% |
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
