vs
CENTERSPACE（CSR）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是CENTERSPACE的1.1倍（$73.5M vs $66.6M），Target Hospitality Corp.净利率更高（-20.3% vs -27.7%，领先7.3%），Target Hospitality Corp.同比增速更快（22.0% vs 0.3%），过去两年CENTERSPACE的营收复合增速更高（1.6% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
CSR vs TH — 直观对比
营收规模更大
TH
是对方的1.1倍
$66.6M
营收增速更快
TH
高出21.7%
0.3%
净利率更高
TH
高出7.3%
-27.7%
两年增速更快
CSR
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $73.5M |
| 净利润 | $-18.4M | $-14.9M |
| 毛利率 | 96.5% | 9.6% |
| 营业利润率 | -15.9% | -22.9% |
| 净利率 | -27.7% | -20.3% |
| 营收同比 | 0.3% | 22.0% |
| 净利润同比 | -262.9% | -219.1% |
| 每股收益（稀释后） | $-1.08 | $-0.14 |
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CSRTH
| Q4 25 | $66.6M | $73.5M | ||
| Q3 25 | $71.4M | $91.6M | ||
| Q2 25 | $68.5M | $54.9M | ||
| Q1 25 | $67.1M | $54.9M | ||
| Q4 24 | $66.4M | $60.2M | ||
| Q3 24 | $65.0M | $65.8M | ||
| Q2 24 | $65.0M | $67.5M | ||
| Q1 24 | $64.5M | $72.4M |
净利润CSRTH
| Q4 25 | $-18.4M | $-14.9M | ||
| Q3 25 | $53.8M | $-795.0K | ||
| Q2 25 | $-14.5M | $-14.9M | ||
| Q1 25 | $-3.7M | $-6.5M | ||
| Q4 24 | $-5.1M | $12.5M | ||
| Q3 24 | $-1.0M | $20.0M | ||
| Q2 24 | $-1.3M | $18.4M | ||
| Q1 24 | $-3.9M | $20.4M |
毛利率CSRTH
| Q4 25 | 96.5% | 9.6% | ||
| Q3 25 | 96.5% | 19.6% | ||
| Q2 25 | 96.5% | -0.6% | ||
| Q1 25 | 96.4% | 32.7% | ||
| Q4 24 | 96.5% | 61.5% | ||
| Q3 24 | 96.6% | 68.7% | ||
| Q2 24 | 96.6% | 69.4% | ||
| Q1 24 | 96.4% | 67.8% |
营业利润率CSRTH
| Q4 25 | -15.9% | -22.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | -9.9% | -30.8% | ||
| Q1 25 | 7.1% | -2.0% | ||
| Q4 24 | 4.3% | 34.5% | ||
| Q3 24 | 9.8% | 42.5% | ||
| Q2 24 | 11.1% | 43.8% | ||
| Q1 24 | 6.3% | 42.0% |
净利率CSRTH
| Q4 25 | -27.7% | -20.3% | ||
| Q3 25 | 75.3% | -0.9% | ||
| Q2 25 | -21.2% | -27.2% | ||
| Q1 25 | -5.6% | -11.8% | ||
| Q4 24 | -7.6% | 20.8% | ||
| Q3 24 | -1.6% | 30.4% | ||
| Q2 24 | -2.0% | 27.2% | ||
| Q1 24 | -6.1% | 28.2% |
每股收益（稀释后）CSRTH
| Q4 25 | $-1.08 | $-0.14 | ||
| Q3 25 | $3.19 | $-0.01 | ||
| Q2 25 | $-0.87 | $-0.15 | ||
| Q1 25 | $-0.22 | $-0.07 | ||
| Q4 24 | $-0.31 | $0.12 | ||
| Q3 24 | $-0.40 | $0.20 | ||
| Q2 24 | $-0.19 | $0.18 | ||
| Q1 24 | $-0.37 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $1.0B | $1.7M |
| 股东权益账面价值 | $719.2M | $389.3M |
| 总资产 | $1.9B | $530.2M |
| 负债/权益比越低杠杆越低 | 1.42× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CSRTH
| Q4 25 | $12.8M | $8.3M | ||
| Q3 25 | $12.9M | $30.4M | ||
| Q2 25 | $12.4M | $19.2M | ||
| Q1 25 | $11.9M | $34.5M | ||
| Q4 24 | $12.0M | $190.7M | ||
| Q3 24 | $14.5M | $177.7M | ||
| Q2 24 | $14.3M | $154.3M | ||
| Q1 24 | $12.7M | $124.3M |
总债务CSRTH
| Q4 25 | $1.0B | $1.7M | ||
| Q3 25 | $1.1B | $2.0M | ||
| Q2 25 | $1.1B | $26.3M | ||
| Q1 25 | $955.5M | $42.9M | ||
| Q4 24 | $955.4M | $1.5M | ||
| Q3 24 | $921.3M | $994.0K | ||
| Q2 24 | $931.7M | $1.1M | ||
| Q1 24 | $929.1M | $179.9M |
股东权益CSRTH
| Q4 25 | $719.2M | $389.3M | ||
| Q3 25 | $748.6M | $402.4M | ||
| Q2 25 | $710.1M | $401.3M | ||
| Q1 25 | $636.8M | $415.3M | ||
| Q4 24 | $752.0M | $421.1M | ||
| Q3 24 | $672.5M | $417.6M | ||
| Q2 24 | $680.7M | $397.2M | ||
| Q1 24 | $688.1M | $375.5M |
总资产CSRTH
| Q4 25 | $1.9B | $530.2M | ||
| Q3 25 | $2.1B | $541.2M | ||
| Q2 25 | $2.0B | $533.7M | ||
| Q1 25 | $1.9B | $562.5M | ||
| Q4 24 | $1.9B | $725.8M | ||
| Q3 24 | $1.9B | $709.8M | ||
| Q2 24 | $1.9B | $697.0M | ||
| Q1 24 | $1.9B | $687.2M |
负债/权益比CSRTH
| Q4 25 | 1.42× | 0.00× | ||
| Q3 25 | 1.53× | 0.01× | ||
| Q2 25 | 1.57× | 0.07× | ||
| Q1 25 | 1.50× | 0.10× | ||
| Q4 24 | 1.27× | 0.00× | ||
| Q3 24 | 1.37× | 0.00× | ||
| Q2 24 | 1.37× | 0.00× | ||
| Q1 24 | 1.35× | 0.48× |
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 | $5.7M |
| 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CSRTH
| Q4 25 | $98.5M | $5.7M | ||
| Q3 25 | $35.1M | $53.4M | ||
| Q2 25 | $25.3M | $11.1M | ||
| Q1 25 | $25.4M | $3.9M | ||
| Q4 24 | $98.2M | $30.6M | ||
| Q3 24 | $32.3M | $31.4M | ||
| Q2 24 | $22.9M | $39.1M | ||
| Q1 24 | $24.4M | $50.6M |
自由现金流CSRTH
| Q4 25 | $64.3M | — | ||
| Q3 25 | $25.7M | — | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $20.4M | $-11.6M | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $9.1M | — | ||
| Q1 24 | $2.6M | — |
自由现金流率CSRTH
| Q4 25 | 96.5% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 30.4% | -21.1% | ||
| Q4 24 | 62.6% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 4.0% | — |
资本支出强度CSRTH
| Q4 25 | 51.3% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 7.5% | 28.2% | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 21.2% | — | ||
| Q1 24 | 33.8% | — |
现金转化率CSRTH
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
