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CENTERSPACE（CSR）与STEM, INC.（STEM）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STEM, INC.的1.4倍（$66.6M vs $47.1M），CENTERSPACE净利率更高（-27.7% vs -33.9%，领先6.2%），CENTERSPACE同比增速更快（0.3% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
CSR vs STEM — 直观对比
营收规模更大
CSR
是对方的1.4倍
$47.1M
营收增速更快
CSR
高出15.9%
-15.6%
净利率更高
CSR
高出6.2%
-33.9%
两年增速更快
STEM
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $47.1M |
| 净利润 | $-18.4M | $-16.0M |
| 毛利率 | 96.5% | 48.9% |
| 营业利润率 | -15.9% | -17.7% |
| 净利率 | -27.7% | -33.9% |
| 营收同比 | 0.3% | -15.6% |
| 净利润同比 | -262.9% | 68.8% |
| 每股收益（稀释后） | $-1.08 | $-4.40 |
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CSRSTEM
| Q4 25 | $66.6M | $47.1M | ||
| Q3 25 | $71.4M | $38.2M | ||
| Q2 25 | $68.5M | $38.4M | ||
| Q1 25 | $67.1M | $32.5M | ||
| Q4 24 | $66.4M | $55.8M | ||
| Q3 24 | $65.0M | $29.3M | ||
| Q2 24 | $65.0M | $34.0M | ||
| Q1 24 | $64.5M | $25.5M |
净利润CSRSTEM
| Q4 25 | $-18.4M | $-16.0M | ||
| Q3 25 | $53.8M | $-23.8M | ||
| Q2 25 | $-14.5M | $202.5M | ||
| Q1 25 | $-3.7M | $-25.0M | ||
| Q4 24 | $-5.1M | $-51.1M | ||
| Q3 24 | $-1.0M | $-148.3M | ||
| Q2 24 | $-1.3M | $-582.3M | ||
| Q1 24 | $-3.9M | $-72.3M |
毛利率CSRSTEM
| Q4 25 | 96.5% | 48.9% | ||
| Q3 25 | 96.5% | 35.5% | ||
| Q2 25 | 96.5% | 33.4% | ||
| Q1 25 | 96.4% | 32.4% | ||
| Q4 24 | 96.5% | -4.4% | ||
| Q3 24 | 96.6% | 21.2% | ||
| Q2 24 | 96.6% | 27.6% | ||
| Q1 24 | 96.4% | -95.0% |
营业利润率CSRSTEM
| Q4 25 | -15.9% | -17.7% | ||
| Q3 25 | — | -33.6% | ||
| Q2 25 | -9.9% | -34.8% | ||
| Q1 25 | 7.1% | -65.0% | ||
| Q4 24 | 4.3% | -84.4% | ||
| Q3 24 | 9.8% | -493.2% | ||
| Q2 24 | 11.1% | -1705.5% | ||
| Q1 24 | 6.3% | -267.0% |
净利率CSRSTEM
| Q4 25 | -27.7% | -33.9% | ||
| Q3 25 | 75.3% | -62.2% | ||
| Q2 25 | -21.2% | 527.8% | ||
| Q1 25 | -5.6% | -76.9% | ||
| Q4 24 | -7.6% | -91.6% | ||
| Q3 24 | -1.6% | -506.3% | ||
| Q2 24 | -2.0% | -1712.6% | ||
| Q1 24 | -6.1% | -283.9% |
每股收益（稀释后）CSRSTEM
| Q4 25 | $-1.08 | $-4.40 | ||
| Q3 25 | $3.19 | $-2.84 | ||
| Q2 25 | $-0.87 | $-1.79 | ||
| Q1 25 | $-0.22 | $-0.15 | ||
| Q4 24 | $-0.31 | $-15.29 | ||
| Q3 24 | $-0.40 | $-18.24 | ||
| Q2 24 | $-0.19 | $-71.81 | ||
| Q1 24 | $-0.37 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $-249.4M |
| 总资产 | $1.9B | $308.9M |
| 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CSRSTEM
| Q4 25 | $12.8M | $48.9M | ||
| Q3 25 | $12.9M | $43.1M | ||
| Q2 25 | $12.4M | $40.8M | ||
| Q1 25 | $11.9M | $58.6M | ||
| Q4 24 | $12.0M | $56.3M | ||
| Q3 24 | $14.5M | $75.4M | ||
| Q2 24 | $14.3M | $89.6M | ||
| Q1 24 | $12.7M | $112.8M |
总债务CSRSTEM
| 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CSRSTEM
| Q4 25 | $719.2M | $-249.4M | ||
| Q3 25 | $748.6M | $-235.7M | ||
| Q2 25 | $710.1M | $-214.1M | ||
| Q1 25 | $636.8M | $-417.5M | ||
| Q4 24 | $752.0M | $-398.4M | ||
| Q3 24 | $672.5M | $-344.1M | ||
| Q2 24 | $680.7M | $-203.2M | ||
| Q1 24 | $688.1M | $371.6M |
总资产CSRSTEM
| Q4 25 | $1.9B | $308.9M | ||
| Q3 25 | $2.1B | $362.6M | ||
| Q2 25 | $2.0B | $379.2M | ||
| Q1 25 | $1.9B | $405.1M | ||
| Q4 24 | $1.9B | $437.4M | ||
| Q3 24 | $1.9B | $537.8M | ||
| Q2 24 | $1.9B | $691.5M | ||
| Q1 24 | $1.9B | $1.3B |
负债/权益比CSRSTEM
| 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 | $8.2M |
| 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% | — |
| 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CSRSTEM
| Q4 25 | $98.5M | $8.2M | ||
| Q3 25 | $35.1M | $11.4M | ||
| Q2 25 | $25.3M | $-21.3M | ||
| Q1 25 | $25.4M | $8.5M | ||
| Q4 24 | $98.2M | $-14.7M | ||
| Q3 24 | $32.3M | $-9.4M | ||
| Q2 24 | $22.9M | $-11.9M | ||
| Q1 24 | $24.4M | $-621.0K |
自由现金流CSRSTEM
| Q4 25 | $64.3M | — | ||
| Q3 25 | $25.7M | — | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $20.4M | — | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $9.1M | — | ||
| Q1 24 | $2.6M | — |
自由现金流率CSRSTEM
| Q4 25 | 96.5% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 62.6% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 4.0% | — |
资本支出强度CSRSTEM
| Q4 25 | 51.3% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 21.2% | — | ||
| Q1 24 | 33.8% | — |
现金转化率CSRSTEM
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | -0.11× | ||
| 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% |
STEM
暂无分部数据
