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CENTERSPACE（CSR）与TELOS CORP（TLS）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TELOS CORP的1.4倍（$66.6M vs $46.8M），CENTERSPACE净利率更高（-27.7% vs -34.9%，领先7.2%），TELOS CORP同比增速更快（77.4% vs 0.3%），CENTERSPACE自由现金流更多（$64.3M vs $8.0M），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
CSR vs TLS — 直观对比
营收规模更大
CSR
是对方的1.4倍
$46.8M
营收增速更快
TLS
高出77.1%
0.3%
净利率更高
CSR
高出7.2%
-34.9%
自由现金流更多
CSR
多$56.3M
$8.0M
两年增速更快
TLS
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $46.8M |
| 净利润 | $-18.4M | $-16.3M |
| 毛利率 | 96.5% | 35.0% |
| 营业利润率 | -15.9% | -39.6% |
| 净利率 | -27.7% | -34.9% |
| 营收同比 | 0.3% | 77.4% |
| 净利润同比 | -262.9% | -74.8% |
| 每股收益（稀释后） | $-1.08 | $-0.22 |
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CSRTLS
| Q4 25 | $66.6M | $46.8M | ||
| Q3 25 | $71.4M | $51.4M | ||
| Q2 25 | $68.5M | $36.0M | ||
| Q1 25 | $67.1M | $30.6M | ||
| Q4 24 | $66.4M | $26.4M | ||
| Q3 24 | $65.0M | $23.8M | ||
| Q2 24 | $65.0M | $28.5M | ||
| Q1 24 | $64.5M | $29.6M |
净利润CSRTLS
| Q4 25 | $-18.4M | $-16.3M | ||
| Q3 25 | $53.8M | $-2.1M | ||
| Q2 25 | $-14.5M | $-9.5M | ||
| Q1 25 | $-3.7M | $-8.6M | ||
| Q4 24 | $-5.1M | $-9.3M | ||
| Q3 24 | $-1.0M | $-28.1M | ||
| Q2 24 | $-1.3M | $-7.8M | ||
| Q1 24 | $-3.9M | $-7.4M |
毛利率CSRTLS
| Q4 25 | 96.5% | 35.0% | ||
| Q3 25 | 96.5% | 39.9% | ||
| Q2 25 | 96.5% | 33.2% | ||
| Q1 25 | 96.4% | 39.8% | ||
| Q4 24 | 96.5% | 40.3% | ||
| Q3 24 | 96.6% | 13.2% | ||
| Q2 24 | 96.6% | 34.1% | ||
| Q1 24 | 96.4% | 37.0% |
营业利润率CSRTLS
| Q4 25 | -15.9% | -39.6% | ||
| Q3 25 | — | -4.8% | ||
| Q2 25 | -9.9% | -27.5% | ||
| Q1 25 | 7.1% | -29.5% | ||
| Q4 24 | 4.3% | -37.6% | ||
| Q3 24 | 9.8% | -121.4% | ||
| Q2 24 | 11.1% | -30.3% | ||
| Q1 24 | 6.3% | -28.5% |
净利率CSRTLS
| Q4 25 | -27.7% | -34.9% | ||
| Q3 25 | 75.3% | -4.1% | ||
| Q2 25 | -21.2% | -26.5% | ||
| Q1 25 | -5.6% | -28.1% | ||
| Q4 24 | -7.6% | -35.4% | ||
| Q3 24 | -1.6% | -118.0% | ||
| Q2 24 | -2.0% | -27.2% | ||
| Q1 24 | -6.1% | -24.9% |
每股收益（稀释后）CSRTLS
| Q4 25 | $-1.08 | $-0.22 | ||
| Q3 25 | $3.19 | $-0.03 | ||
| Q2 25 | $-0.87 | $-0.13 | ||
| Q1 25 | $-0.22 | $-0.12 | ||
| Q4 24 | $-0.31 | $-0.13 | ||
| Q3 24 | $-0.40 | $-0.39 | ||
| Q2 24 | $-0.19 | $-0.11 | ||
| Q1 24 | $-0.37 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $96.0M |
| 总资产 | $1.9B | $139.9M |
| 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CSRTLS
| Q4 25 | $12.8M | $53.2M | ||
| Q3 25 | $12.9M | $59.0M | ||
| Q2 25 | $12.4M | $57.0M | ||
| Q1 25 | $11.9M | $57.8M | ||
| Q4 24 | $12.0M | $54.6M | ||
| Q3 24 | $14.5M | $69.8M | ||
| Q2 24 | $14.3M | $80.1M | ||
| Q1 24 | $12.7M | $93.9M |
总债务CSRTLS
| 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CSRTLS
| Q4 25 | $719.2M | $96.0M | ||
| Q3 25 | $748.6M | $119.7M | ||
| Q2 25 | $710.1M | $118.4M | ||
| Q1 25 | $636.8M | $126.1M | ||
| Q4 24 | $752.0M | $127.1M | ||
| Q3 24 | $672.5M | $129.5M | ||
| Q2 24 | $680.7M | $149.1M | ||
| Q1 24 | $688.1M | $154.4M |
总资产CSRTLS
| Q4 25 | $1.9B | $139.9M | ||
| Q3 25 | $2.1B | $164.3M | ||
| Q2 25 | $2.0B | $165.0M | ||
| Q1 25 | $1.9B | $158.1M | ||
| Q4 24 | $1.9B | $158.2M | ||
| Q3 24 | $1.9B | $166.3M | ||
| Q2 24 | $1.9B | $182.4M | ||
| Q1 24 | $1.9B | $195.4M |
负债/权益比CSRTLS
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $8.0M |
| 自由现金流率自由现金流/营收 | 96.5% | 17.0% |
| 资本支出强度资本支出/营收 | 51.3% | 0.1% |
| 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 | $29.4M |
8季度趋势，按日历期对齐
经营现金流CSRTLS
| Q4 25 | $98.5M | $8.0M | ||
| Q3 25 | $35.1M | $9.1M | ||
| Q2 25 | $25.3M | $7.0M | ||
| Q1 25 | $25.4M | $6.1M | ||
| Q4 24 | $98.2M | $-10.5M | ||
| Q3 24 | $32.3M | $-7.1M | ||
| Q2 24 | $22.9M | $-8.0M | ||
| Q1 24 | $24.4M | $-350.0K |
自由现金流CSRTLS
| Q4 25 | $64.3M | $8.0M | ||
| Q3 25 | $25.7M | $8.7M | ||
| Q2 25 | $15.5M | $6.8M | ||
| Q1 25 | $20.4M | $6.0M | ||
| Q4 24 | $41.6M | $-12.4M | ||
| Q3 24 | $20.5M | $-7.1M | ||
| Q2 24 | $9.1M | $-8.2M | ||
| Q1 24 | $2.6M | $-447.0K |
自由现金流率CSRTLS
| Q4 25 | 96.5% | 17.0% | ||
| Q3 25 | 36.0% | 16.9% | ||
| Q2 25 | 22.7% | 19.0% | ||
| Q1 25 | 30.4% | 19.5% | ||
| Q4 24 | 62.6% | -47.0% | ||
| Q3 24 | 31.5% | -30.0% | ||
| Q2 24 | 14.0% | -28.9% | ||
| Q1 24 | 4.0% | -1.5% |
资本支出强度CSRTLS
| Q4 25 | 51.3% | 0.1% | ||
| Q3 25 | 13.1% | 0.9% | ||
| Q2 25 | 14.2% | 0.4% | ||
| Q1 25 | 7.5% | 0.4% | ||
| Q4 24 | 85.3% | 7.1% | ||
| Q3 24 | 18.2% | 0.2% | ||
| Q2 24 | 21.2% | 0.8% | ||
| Q1 24 | 33.8% | 0.3% |
现金转化率CSRTLS
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
