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CENTERSPACE（CSR）与LandBridge Co LLC（LB）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LandBridge Co LLC的1.2倍（$66.6M vs $56.8M），LandBridge Co LLC净利率更高（14.2% vs -27.7%，领先41.9%），LandBridge Co LLC同比增速更快（55.6% vs 0.3%），LandBridge Co LLC自由现金流更多（$122.0M vs $64.3M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% 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。
CSR vs LB — 直观对比
营收规模更大
CSR
是对方的1.2倍
$56.8M
营收增速更快
LB
高出55.2%
0.3%
净利率更高
LB
高出41.9%
-27.7%
自由现金流更多
LB
多$57.7M
$64.3M
两年增速更快
LB
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $56.8M |
| 净利润 | $-18.4M | $8.1M |
| 毛利率 | 96.5% | — |
| 营业利润率 | -15.9% | 60.0% |
| 净利率 | -27.7% | 14.2% |
| 营收同比 | 0.3% | 55.6% |
| 净利润同比 | -262.9% | -83.7% |
| 每股收益（稀释后） | $-1.08 | $0.24 |
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CSRLB
| Q4 25 | $66.6M | $56.8M | ||
| Q3 25 | $71.4M | $50.8M | ||
| Q2 25 | $68.5M | $47.5M | ||
| Q1 25 | $67.1M | $44.0M | ||
| Q4 24 | $66.4M | $36.5M | ||
| Q3 24 | $65.0M | $28.5M | ||
| Q2 24 | $65.0M | $26.0M | ||
| Q1 24 | $64.5M | $19.0M |
净利润CSRLB
| Q4 25 | $-18.4M | $8.1M | ||
| Q3 25 | $53.8M | $8.1M | ||
| Q2 25 | $-14.5M | $7.5M | ||
| Q1 25 | $-3.7M | $6.5M | ||
| Q4 24 | $-5.1M | $49.3M | ||
| Q3 24 | $-1.0M | $2.7M | ||
| Q2 24 | $-1.3M | $-57.7M | ||
| Q1 24 | $-3.9M | $10.8M |
毛利率CSRLB
| 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CSRLB
| Q4 25 | -15.9% | 60.0% | ||
| Q3 25 | — | 60.8% | ||
| Q2 25 | -9.9% | 60.0% | ||
| Q1 25 | 7.1% | 57.0% | ||
| Q4 24 | 4.3% | 49.4% | ||
| Q3 24 | 9.8% | 11.2% | ||
| Q2 24 | 11.1% | -197.4% | ||
| Q1 24 | 6.3% | 71.1% |
净利率CSRLB
| Q4 25 | -27.7% | 14.2% | ||
| Q3 25 | 75.3% | 15.9% | ||
| Q2 25 | -21.2% | 15.8% | ||
| Q1 25 | -5.6% | 14.7% | ||
| Q4 24 | -7.6% | 135.2% | ||
| Q3 24 | -1.6% | 9.3% | ||
| Q2 24 | -2.0% | -222.1% | ||
| Q1 24 | -6.1% | 56.7% |
每股收益（稀释后）CSRLB
| Q4 25 | $-1.08 | $0.24 | ||
| Q3 25 | $3.19 | $0.26 | ||
| Q2 25 | $-0.87 | $0.24 | ||
| Q1 25 | $-0.22 | $0.20 | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $-0.40 | $-0.04 | ||
| Q2 24 | $-0.19 | — | ||
| Q1 24 | $-0.37 | — |
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 | $30.7M |
| 总债务越低越好 | $1.0B | $570.7M |
| 股东权益账面价值 | $719.2M | $340.3M |
| 总资产 | $1.9B | $1.4B |
| 负债/权益比越低杠杆越低 | 1.42× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资CSRLB
| Q4 25 | $12.8M | $30.7M | ||
| Q3 25 | $12.9M | $28.3M | ||
| Q2 25 | $12.4M | $20.3M | ||
| Q1 25 | $11.9M | $14.9M | ||
| Q4 24 | $12.0M | $37.0M | ||
| Q3 24 | $14.5M | $14.4M | ||
| Q2 24 | $14.3M | $24.6M | ||
| Q1 24 | $12.7M | — |
总债务CSRLB
| Q4 25 | $1.0B | $570.7M | ||
| Q3 25 | $1.1B | $366.1M | ||
| Q2 25 | $1.1B | $370.9M | ||
| Q1 25 | $955.5M | $375.5M | ||
| Q4 24 | $955.4M | $385.5M | ||
| Q3 24 | $921.3M | $242.4M | ||
| Q2 24 | $931.7M | $360.8M | ||
| Q1 24 | $929.1M | — |
股东权益CSRLB
| Q4 25 | $719.2M | $340.3M | ||
| Q3 25 | $748.6M | $272.0M | ||
| Q2 25 | $710.1M | $266.4M | ||
| Q1 25 | $636.8M | $217.0M | ||
| Q4 24 | $752.0M | $211.8M | ||
| Q3 24 | $672.5M | $97.2M | ||
| Q2 24 | $680.7M | $296.4M | ||
| Q1 24 | $688.1M | $162.3M |
总资产CSRLB
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.9B | $1.0B | ||
| Q3 24 | $1.9B | $689.9M | ||
| Q2 24 | $1.9B | $710.5M | ||
| Q1 24 | $1.9B | — |
负债/权益比CSRLB
| Q4 25 | 1.42× | 1.68× | ||
| Q3 25 | 1.53× | 1.35× | ||
| Q2 25 | 1.57× | 1.39× | ||
| Q1 25 | 1.50× | 1.73× | ||
| Q4 24 | 1.27× | 1.82× | ||
| Q3 24 | 1.37× | 2.49× | ||
| Q2 24 | 1.37× | 1.22× | ||
| 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 | $126.3M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $122.0M |
| 自由现金流率自由现金流/营收 | 96.5% | 214.9% |
| 资本支出强度资本支出/营收 | 51.3% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 15.68× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $207.7M |
8季度趋势，按日历期对齐
经营现金流CSRLB
| Q4 25 | $98.5M | $126.3M | ||
| Q3 25 | $35.1M | $34.9M | ||
| Q2 25 | $25.3M | $37.3M | ||
| Q1 25 | $25.4M | $15.9M | ||
| Q4 24 | $98.2M | $67.6M | ||
| Q3 24 | $32.3M | $7.5M | ||
| Q2 24 | $22.9M | $16.0M | ||
| Q1 24 | $24.4M | $17.2M |
自由现金流CSRLB
| Q4 25 | $64.3M | $122.0M | ||
| Q3 25 | $25.7M | $33.7M | ||
| Q2 25 | $15.5M | $36.1M | ||
| Q1 25 | $20.4M | $15.8M | ||
| Q4 24 | $41.6M | $66.7M | ||
| Q3 24 | $20.5M | $7.1M | ||
| Q2 24 | $9.1M | $15.7M | ||
| Q1 24 | $2.6M | $17.1M |
自由现金流率CSRLB
| Q4 25 | 96.5% | 214.9% | ||
| Q3 25 | 36.0% | 66.3% | ||
| Q2 25 | 22.7% | 75.9% | ||
| Q1 25 | 30.4% | 36.0% | ||
| Q4 24 | 62.6% | 182.6% | ||
| Q3 24 | 31.5% | 25.1% | ||
| Q2 24 | 14.0% | 60.4% | ||
| Q1 24 | 4.0% | 90.1% |
资本支出强度CSRLB
| Q4 25 | 51.3% | 7.5% | ||
| Q3 25 | 13.1% | 2.3% | ||
| Q2 25 | 14.2% | 2.6% | ||
| Q1 25 | 7.5% | 0.2% | ||
| Q4 24 | 85.3% | 2.7% | ||
| Q3 24 | 18.2% | 1.1% | ||
| Q2 24 | 21.2% | 1.4% | ||
| Q1 24 | 33.8% | 0.5% |
现金转化率CSRLB
| Q4 25 | — | 15.68× | ||
| Q3 25 | 0.65× | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
暂无分部数据
