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CENTERSPACE（CSR）与System1, Inc.（SST）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System1, Inc.的1.3倍（$66.6M vs $51.9M），System1, Inc.净利率更高（-26.0% vs -27.7%，领先1.7%），CENTERSPACE同比增速更快（0.3% vs -31.3%），过去两年CENTERSPACE的营收复合增速更高（1.6% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
CSR vs SST — 直观对比
营收规模更大
CSR
是对方的1.3倍
$51.9M
营收增速更快
CSR
高出31.6%
-31.3%
净利率更高
SST
高出1.7%
-27.7%
两年增速更快
CSR
近两年复合增速
-21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $51.9M |
| 净利润 | $-18.4M | $-13.5M |
| 毛利率 | 96.5% | 41.0% |
| 营业利润率 | -15.9% | -33.6% |
| 净利率 | -27.7% | -26.0% |
| 营收同比 | 0.3% | -31.3% |
| 净利润同比 | -262.9% | 4.8% |
| 每股收益（稀释后） | $-1.08 | $-3.58 |
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CSRSST
| Q4 25 | $66.6M | $51.9M | ||
| Q3 25 | $71.4M | $61.6M | ||
| Q2 25 | $68.5M | $78.1M | ||
| Q1 25 | $67.1M | $74.5M | ||
| Q4 24 | $66.4M | $75.6M | ||
| Q3 24 | $65.0M | $88.8M | ||
| Q2 24 | $65.0M | $94.6M | ||
| Q1 24 | $64.5M | $84.9M |
净利润CSRSST
| Q4 25 | $-18.4M | $-13.5M | ||
| Q3 25 | $53.8M | $-18.5M | ||
| Q2 25 | $-14.5M | $-17.5M | ||
| Q1 25 | $-3.7M | $-15.9M | ||
| Q4 24 | $-5.1M | $-14.2M | ||
| Q3 24 | $-1.0M | $-23.6M | ||
| Q2 24 | $-1.3M | $-26.4M | ||
| Q1 24 | $-3.9M | $-10.5M |
毛利率CSRSST
| Q4 25 | 96.5% | 41.0% | ||
| Q3 25 | 96.5% | 36.9% | ||
| Q2 25 | 96.5% | 35.7% | ||
| Q1 25 | 96.4% | 38.2% | ||
| Q4 24 | 96.5% | 42.1% | ||
| Q3 24 | 96.6% | 28.0% | ||
| Q2 24 | 96.6% | 27.6% | ||
| Q1 24 | 96.4% | 21.9% |
营业利润率CSRSST
| Q4 25 | -15.9% | -33.6% | ||
| Q3 25 | — | -25.3% | ||
| Q2 25 | -9.9% | -20.4% | ||
| Q1 25 | 7.1% | -17.6% | ||
| Q4 24 | 4.3% | -15.7% | ||
| Q3 24 | 9.8% | -24.6% | ||
| Q2 24 | 11.1% | -30.8% | ||
| Q1 24 | 6.3% | -30.4% |
净利率CSRSST
| Q4 25 | -27.7% | -26.0% | ||
| Q3 25 | 75.3% | -30.1% | ||
| Q2 25 | -21.2% | -22.4% | ||
| Q1 25 | -5.6% | -21.3% | ||
| Q4 24 | -7.6% | -18.7% | ||
| Q3 24 | -1.6% | -26.6% | ||
| Q2 24 | -2.0% | -27.9% | ||
| Q1 24 | -6.1% | -12.4% |
每股收益（稀释后）CSRSST
| Q4 25 | $-1.08 | $-3.58 | ||
| Q3 25 | $3.19 | $-2.30 | ||
| Q2 25 | $-0.87 | $-2.23 | ||
| Q1 25 | $-0.22 | $-0.21 | ||
| Q4 24 | $-0.31 | $-3.41 | ||
| Q3 24 | $-0.40 | $-3.37 | ||
| Q2 24 | $-0.19 | $-3.80 | ||
| Q1 24 | $-0.37 | $-0.16 |
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 | $86.9M |
| 总债务越低越好 | $1.0B | $305.1M |
| 股东权益账面价值 | $719.2M | $30.5M |
| 总资产 | $1.9B | $405.0M |
| 负债/权益比越低杠杆越低 | 1.42× | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资CSRSST
| Q4 25 | $12.8M | $86.9M | ||
| Q3 25 | $12.9M | $54.6M | ||
| Q2 25 | $12.4M | $63.6M | ||
| Q1 25 | $11.9M | $43.9M | ||
| Q4 24 | $12.0M | $63.6M | ||
| Q3 24 | $14.5M | $69.1M | ||
| Q2 24 | $14.3M | $75.7M | ||
| Q1 24 | $12.7M | $69.9M |
总债务CSRSST
| Q4 25 | $1.0B | $305.1M | ||
| Q3 25 | $1.1B | $259.2M | ||
| Q2 25 | $1.1B | $263.3M | ||
| Q1 25 | $955.5M | $267.4M | ||
| Q4 24 | $955.4M | $255.1M | ||
| Q3 24 | $921.3M | $259.2M | ||
| Q2 24 | $931.7M | $263.3M | ||
| Q1 24 | $929.1M | $268.6M |
股东权益CSRSST
| Q4 25 | $719.2M | $30.5M | ||
| Q3 25 | $748.6M | $42.7M | ||
| Q2 25 | $710.1M | $58.2M | ||
| Q1 25 | $636.8M | $67.2M | ||
| Q4 24 | $752.0M | $80.3M | ||
| Q3 24 | $672.5M | $90.3M | ||
| Q2 24 | $680.7M | $109.4M | ||
| Q1 24 | $688.1M | $131.7M |
总资产CSRSST
| Q4 25 | $1.9B | $405.0M | ||
| Q3 25 | $2.1B | $385.2M | ||
| Q2 25 | $2.0B | $429.2M | ||
| Q1 25 | $1.9B | $419.2M | ||
| Q4 24 | $1.9B | $459.1M | ||
| Q3 24 | $1.9B | $479.3M | ||
| Q2 24 | $1.9B | $511.3M | ||
| Q1 24 | $1.9B | $521.1M |
负债/权益比CSRSST
| Q4 25 | 1.42× | 10.01× | ||
| Q3 25 | 1.53× | 6.07× | ||
| Q2 25 | 1.57× | 4.53× | ||
| Q1 25 | 1.50× | 3.98× | ||
| Q4 24 | 1.27× | 3.18× | ||
| Q3 24 | 1.37× | 2.87× | ||
| Q2 24 | 1.37× | 2.41× | ||
| Q1 24 | 1.35× | 2.04× |
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 | $-10.6M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | — |
| 自由现金流率自由现金流/营收 | 96.5% | — |
| 资本支出强度资本支出/营收 | 51.3% | 0.0% |
| 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CSRSST
| Q4 25 | $98.5M | $-10.6M | ||
| Q3 25 | $35.1M | $-2.1M | ||
| Q2 25 | $25.3M | $24.5M | ||
| Q1 25 | $25.4M | $-15.9M | ||
| Q4 24 | $98.2M | $772.0K | ||
| Q3 24 | $32.3M | $-5.0K | ||
| Q2 24 | $22.9M | $10.0M | ||
| Q1 24 | $24.4M | $-16.0M |
自由现金流CSRSST
| Q4 25 | $64.3M | — | ||
| Q3 25 | $25.7M | — | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $20.4M | $-16.0M | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $20.5M | $-36.0K | ||
| Q2 24 | $9.1M | — | ||
| Q1 24 | $2.6M | — |
自由现金流率CSRSST
| Q4 25 | 96.5% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 30.4% | -21.5% | ||
| Q4 24 | 62.6% | — | ||
| Q3 24 | 31.5% | -0.0% | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 4.0% | — |
资本支出强度CSRSST
| Q4 25 | 51.3% | 0.0% | ||
| Q3 25 | 13.1% | 0.0% | ||
| Q2 25 | 14.2% | 0.0% | ||
| Q1 25 | 7.5% | 0.1% | ||
| Q4 24 | 85.3% | 0.0% | ||
| Q3 24 | 18.2% | 0.0% | ||
| Q2 24 | 21.2% | 0.0% | ||
| Q1 24 | 33.8% | 0.0% |
现金转化率CSRSST
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
SST
暂无分部数据
