vs
CENTERSPACE（CSR）与莱夫 Nation 娱乐（LIVE）财务数据对比。点击上方公司名可切换其他公司
莱夫 Nation 娱乐的季度营收约是CENTERSPACE的1.6倍（$108.5M vs $66.6M），莱夫 Nation 娱乐净利率更高（-0.1% vs -27.7%，领先27.6%），CENTERSPACE同比增速更快（0.3% vs -2.7%），CENTERSPACE自由现金流更多（$64.3M vs $8.5M），过去两年CENTERSPACE的营收复合增速更高（1.6% vs -4.3%）
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。
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
CSR vs LIVE — 直观对比
营收规模更大
LIVE
是对方的1.6倍
$66.6M
营收增速更快
CSR
高出3.0%
-2.7%
净利率更高
LIVE
高出27.6%
-27.7%
自由现金流更多
CSR
多$55.8M
$8.5M
两年增速更快
CSR
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $108.5M |
| 净利润 | $-18.4M | $-64.0K |
| 毛利率 | 96.5% | 32.6% |
| 营业利润率 | -15.9% | 3.2% |
| 净利率 | -27.7% | -0.1% |
| 营收同比 | 0.3% | -2.7% |
| 净利润同比 | -262.9% | -113.0% |
| 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CSRLIVE
| Q4 25 | $66.6M | $108.5M | ||
| Q3 25 | $71.4M | $113.9M | ||
| Q2 25 | $68.5M | $112.5M | ||
| Q1 25 | $67.1M | $107.0M | ||
| Q4 24 | $66.4M | $111.5M | ||
| Q3 24 | $65.0M | $112.7M | ||
| Q2 24 | $65.0M | $123.9M | ||
| Q1 24 | $64.5M | $118.6M |
净利润CSRLIVE
| Q4 25 | $-18.4M | $-64.0K | ||
| Q3 25 | $53.8M | $997.0K | ||
| Q2 25 | $-14.5M | $5.4M | ||
| Q1 25 | $-3.7M | $15.9M | ||
| Q4 24 | $-5.1M | $492.0K | ||
| Q3 24 | $-1.0M | $-19.9M | ||
| Q2 24 | $-1.3M | $-2.9M | ||
| Q1 24 | $-3.9M | $-3.3M |
毛利率CSRLIVE
| Q4 25 | 96.5% | 32.6% | ||
| Q3 25 | 96.5% | 32.4% | ||
| Q2 25 | 96.5% | 34.0% | ||
| Q1 25 | 96.4% | 32.8% | ||
| Q4 24 | 96.5% | 31.7% | ||
| Q3 24 | 96.6% | 31.9% | ||
| Q2 24 | 96.6% | 29.9% | ||
| Q1 24 | 96.4% | 29.9% |
营业利润率CSRLIVE
| Q4 25 | -15.9% | 3.2% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | -9.9% | 7.1% | ||
| Q1 25 | 7.1% | 2.0% | ||
| Q4 24 | 4.3% | 0.7% | ||
| Q3 24 | 9.8% | -15.5% | ||
| Q2 24 | 11.1% | 0.9% | ||
| Q1 24 | 6.3% | -0.7% |
净利率CSRLIVE
| Q4 25 | -27.7% | -0.1% | ||
| Q3 25 | 75.3% | 0.9% | ||
| Q2 25 | -21.2% | 4.8% | ||
| Q1 25 | -5.6% | 14.8% | ||
| Q4 24 | -7.6% | 0.4% | ||
| Q3 24 | -1.6% | -17.6% | ||
| Q2 24 | -2.0% | -2.3% | ||
| Q1 24 | -6.1% | -2.8% |
每股收益（稀释后）CSRLIVE
| Q4 25 | $-1.08 | $-0.02 | ||
| Q3 25 | $3.19 | $-1.52 | ||
| Q2 25 | $-0.87 | $1.24 | ||
| Q1 25 | $-0.22 | $5.05 | ||
| Q4 24 | $-0.31 | $0.16 | ||
| Q3 24 | $-0.40 | $-6.31 | ||
| Q2 24 | $-0.19 | $-0.91 | ||
| Q1 24 | $-0.37 | $-1.04 |
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 | — |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $95.3M |
| 总资产 | $1.9B | $389.2M |
| 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CSRLIVE
| Q4 25 | $12.8M | — | ||
| Q3 25 | $12.9M | — | ||
| Q2 25 | $12.4M | — | ||
| Q1 25 | $11.9M | — | ||
| Q4 24 | $12.0M | — | ||
| Q3 24 | $14.5M | — | ||
| Q2 24 | $14.3M | — | ||
| Q1 24 | $12.7M | — |
总债务CSRLIVE
| 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CSRLIVE
| Q4 25 | $719.2M | $95.3M | ||
| Q3 25 | $748.6M | $95.3M | ||
| Q2 25 | $710.1M | $94.3M | ||
| Q1 25 | $636.8M | $88.9M | ||
| Q4 24 | $752.0M | $73.3M | ||
| Q3 24 | $672.5M | $72.9M | ||
| Q2 24 | $680.7M | $92.7M | ||
| Q1 24 | $688.1M | $95.9M |
总资产CSRLIVE
| Q4 25 | $1.9B | $389.2M | ||
| Q3 25 | $2.1B | $386.4M | ||
| Q2 25 | $2.0B | $387.5M | ||
| Q1 25 | $1.9B | $393.6M | ||
| Q4 24 | $1.9B | $395.5M | ||
| Q3 24 | $1.9B | $407.5M | ||
| Q2 24 | $1.9B | $436.8M | ||
| Q1 24 | $1.9B | $433.9M |
负债/权益比CSRLIVE
| 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 | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $8.5M |
| 自由现金流率自由现金流/营收 | 96.5% | 7.8% |
| 资本支出强度资本支出/营收 | 51.3% | 1.2% |
| 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 | $21.9M |
8季度趋势，按日历期对齐
经营现金流CSRLIVE
| Q4 25 | $98.5M | $9.8M | ||
| Q3 25 | $35.1M | $6.8M | ||
| Q2 25 | $25.3M | $12.3M | ||
| Q1 25 | $25.4M | $231.0K | ||
| Q4 24 | $98.2M | $9.4M | ||
| Q3 24 | $32.3M | $6.7M | ||
| Q2 24 | $22.9M | $11.7M | ||
| Q1 24 | $24.4M | $-5.7M |
自由现金流CSRLIVE
| Q4 25 | $64.3M | $8.5M | ||
| Q3 25 | $25.7M | $4.8M | ||
| Q2 25 | $15.5M | $10.8M | ||
| Q1 25 | $20.4M | $-2.3M | ||
| Q4 24 | $41.6M | $7.6M | ||
| Q3 24 | $20.5M | $3.3M | ||
| Q2 24 | $9.1M | $10.1M | ||
| Q1 24 | $2.6M | $-7.5M |
自由现金流率CSRLIVE
| Q4 25 | 96.5% | 7.8% | ||
| Q3 25 | 36.0% | 4.2% | ||
| Q2 25 | 22.7% | 9.6% | ||
| Q1 25 | 30.4% | -2.1% | ||
| Q4 24 | 62.6% | 6.8% | ||
| Q3 24 | 31.5% | 2.9% | ||
| Q2 24 | 14.0% | 8.2% | ||
| Q1 24 | 4.0% | -6.3% |
资本支出强度CSRLIVE
| Q4 25 | 51.3% | 1.2% | ||
| Q3 25 | 13.1% | 1.7% | ||
| Q2 25 | 14.2% | 1.3% | ||
| Q1 25 | 7.5% | 2.3% | ||
| Q4 24 | 85.3% | 1.6% | ||
| Q3 24 | 18.2% | 3.1% | ||
| Q2 24 | 21.2% | 1.3% | ||
| Q1 24 | 33.8% | 1.4% |
现金转化率CSRLIVE
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | 6.78× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 19.11× | ||
| 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% |
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
