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CENTERSPACE（CSR）与i3 Verticals, Inc.（IIIV）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i3 Verticals, Inc.的1.3倍（$66.6M vs $52.7M），i3 Verticals, Inc.净利率更高（0.9% vs -27.7%，领先28.6%），CENTERSPACE同比增速更快（0.3% vs -14.6%），CENTERSPACE自由现金流更多（$64.3M vs $13.8M），过去两年CENTERSPACE的营收复合增速更高（1.6% vs -4.7%）
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。
Prusa i3是捷克Prusa Research公司生产的熔融沉积成型3D打印机系列，以Original Prusa i3为注册商标推出，同时也是RepRap项目的组成部分。2016年该系列就被评为全球使用率最高的3D打印机，最早由Josef Průša在2012年完成设计，2015年正式推出商用套件版本，目前最新型号同时提供散件套件和原厂组装版本，具备性价比高、易操作的优势。
CSR vs IIIV — 直观对比
营收规模更大
CSR
是对方的1.3倍
$52.7M
营收增速更快
CSR
高出14.9%
-14.6%
净利率更高
IIIV
高出28.6%
-27.7%
自由现金流更多
CSR
多$50.5M
$13.8M
两年增速更快
CSR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $52.7M |
| 净利润 | $-18.4M | $484.0K |
| 毛利率 | 96.5% | — |
| 营业利润率 | -15.9% | 3.1% |
| 净利率 | -27.7% | 0.9% |
| 营收同比 | 0.3% | -14.6% |
| 净利润同比 | -262.9% | -76.5% |
| 每股收益（稀释后） | $-1.08 | $0.02 |
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CSRIIIV
| Q4 25 | $66.6M | $52.7M | ||
| Q3 25 | $71.4M | $46.0M | ||
| Q2 25 | $68.5M | $51.9M | ||
| Q1 25 | $67.1M | $63.1M | ||
| Q4 24 | $66.4M | $52.2M | ||
| Q3 24 | $65.0M | $32.0M | ||
| Q2 24 | $65.0M | $46.2M | ||
| Q1 24 | $64.5M | $58.0M |
净利润CSRIIIV
| Q4 25 | $-18.4M | $484.0K | ||
| Q3 25 | $53.8M | $3.1M | ||
| Q2 25 | $-14.5M | $12.9M | ||
| Q1 25 | $-3.7M | $-154.0K | ||
| Q4 24 | $-5.1M | $2.1M | ||
| Q3 24 | $-1.0M | $117.9M | ||
| Q2 24 | $-1.3M | $-7.5M | ||
| Q1 24 | $-3.9M | $1.9M |
毛利率CSRIIIV
| 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CSRIIIV
| Q4 25 | -15.9% | 3.1% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | -9.9% | -9.3% | ||
| Q1 25 | 7.1% | 8.0% | ||
| Q4 24 | 4.3% | 3.9% | ||
| Q3 24 | 9.8% | 10.6% | ||
| Q2 24 | 11.1% | -2.8% | ||
| Q1 24 | 6.3% | 3.4% |
净利率CSRIIIV
| Q4 25 | -27.7% | 0.9% | ||
| Q3 25 | 75.3% | 6.7% | ||
| Q2 25 | -21.2% | 24.8% | ||
| Q1 25 | -5.6% | -0.2% | ||
| Q4 24 | -7.6% | 3.9% | ||
| Q3 24 | -1.6% | 368.2% | ||
| Q2 24 | -2.0% | -16.3% | ||
| Q1 24 | -6.1% | 3.2% |
每股收益（稀释后）CSRIIIV
| Q4 25 | $-1.08 | $0.02 | ||
| Q3 25 | $3.19 | $0.14 | ||
| Q2 25 | $-0.87 | $0.50 | ||
| Q1 25 | $-0.22 | $0.00 | ||
| Q4 24 | $-0.31 | $0.08 | ||
| Q3 24 | $-0.40 | $4.93 | ||
| Q2 24 | $-0.19 | $-0.32 | ||
| Q1 24 | $-0.37 | $0.08 |
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 | $37.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $358.5M |
| 总资产 | $1.9B | $595.9M |
| 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CSRIIIV
| Q4 25 | $12.8M | $37.5M | ||
| Q3 25 | $12.9M | $66.7M | ||
| Q2 25 | $12.4M | $55.5M | ||
| Q1 25 | $11.9M | $7.7M | ||
| Q4 24 | $12.0M | $85.6M | ||
| Q3 24 | $14.5M | $86.5M | ||
| Q2 24 | $14.3M | $9.7M | ||
| Q1 24 | $12.7M | $3.1M |
总债务CSRIIIV
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $0 | ||
| Q2 25 | $1.1B | $0 | ||
| Q1 25 | $955.5M | $12.0M | ||
| Q4 24 | $955.4M | $26.2M | ||
| Q3 24 | $921.3M | $26.2M | ||
| Q2 24 | $931.7M | $374.1M | ||
| Q1 24 | $929.1M | $369.6M |
股东权益CSRIIIV
| Q4 25 | $719.2M | $358.5M | ||
| Q3 25 | $748.6M | $389.6M | ||
| Q2 25 | $710.1M | $383.3M | ||
| Q1 25 | $636.8M | $385.2M | ||
| Q4 24 | $752.0M | $375.0M | ||
| Q3 24 | $672.5M | $379.7M | ||
| Q2 24 | $680.7M | $249.7M | ||
| Q1 24 | $688.1M | $249.3M |
总资产CSRIIIV
| Q4 25 | $1.9B | $595.9M | ||
| Q3 25 | $2.1B | $638.4M | ||
| Q2 25 | $2.0B | $623.3M | ||
| Q1 25 | $1.9B | $646.4M | ||
| Q4 24 | $1.9B | $726.2M | ||
| Q3 24 | $1.9B | $730.7M | ||
| Q2 24 | $1.9B | $861.7M | ||
| Q1 24 | $1.9B | $625.8M |
负债/权益比CSRIIIV
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.53× | 0.00× | ||
| Q2 25 | 1.57× | 0.00× | ||
| Q1 25 | 1.50× | 0.03× | ||
| Q4 24 | 1.27× | 0.07× | ||
| Q3 24 | 1.37× | 0.07× | ||
| Q2 24 | 1.37× | 1.50× | ||
| Q1 24 | 1.35× | 1.48× |
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 | $14.1M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $13.8M |
| 自由现金流率自由现金流/营收 | 96.5% | 26.2% |
| 资本支出强度资本支出/营收 | 51.3% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 29.18× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $6.5M |
8季度趋势，按日历期对齐
经营现金流CSRIIIV
| Q4 25 | $98.5M | $14.1M | ||
| Q3 25 | $35.1M | $14.0M | ||
| Q2 25 | $25.3M | $7.4M | ||
| Q1 25 | $25.4M | $-27.1M | ||
| Q4 24 | $98.2M | $11.5M | ||
| Q3 24 | $32.3M | $15.1M | ||
| Q2 24 | $22.9M | $8.1M | ||
| Q1 24 | $24.4M | $10.7M |
自由现金流CSRIIIV
| Q4 25 | $64.3M | $13.8M | ||
| Q3 25 | $25.7M | $13.5M | ||
| Q2 25 | $15.5M | $6.8M | ||
| Q1 25 | $20.4M | $-27.6M | ||
| Q4 24 | $41.6M | $11.0M | ||
| Q3 24 | $20.5M | $14.6M | ||
| Q2 24 | $9.1M | $7.2M | ||
| Q1 24 | $2.6M | $9.9M |
自由现金流率CSRIIIV
| Q4 25 | 96.5% | 26.2% | ||
| Q3 25 | 36.0% | 29.5% | ||
| Q2 25 | 22.7% | 13.1% | ||
| Q1 25 | 30.4% | -43.8% | ||
| Q4 24 | 62.6% | 21.1% | ||
| Q3 24 | 31.5% | 45.6% | ||
| Q2 24 | 14.0% | 15.6% | ||
| Q1 24 | 4.0% | 17.1% |
资本支出强度CSRIIIV
| Q4 25 | 51.3% | 0.6% | ||
| Q3 25 | 13.1% | 0.9% | ||
| Q2 25 | 14.2% | 1.0% | ||
| Q1 25 | 7.5% | 0.8% | ||
| Q4 24 | 85.3% | 0.9% | ||
| Q3 24 | 18.2% | 1.7% | ||
| Q2 24 | 21.2% | 1.9% | ||
| Q1 24 | 33.8% | 1.4% |
现金转化率CSRIIIV
| Q4 25 | — | 29.18× | ||
| Q3 25 | 0.65× | 4.52× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.59× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.72× |
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% |
IIIV
| License And Service | $35.7M | 68% |
| Proprietary Payments Revenue | $14.5M | 27% |
| Other Revenue | $2.5M | 5% |
