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CENTERSPACE（CSR）与Turning Point Brands, Inc.（TPB）财务数据对比。点击上方公司名可切换其他公司
Turning Point Brands, Inc.的季度营收约是CENTERSPACE的1.8倍（$121.0M vs $66.6M），Turning Point Brands, Inc.净利率更高（6.8% vs -27.7%，领先34.5%），Turning Point Brands, Inc.同比增速更快（29.2% vs 0.3%），CENTERSPACE自由现金流更多（$64.3M vs $21.5M），过去两年Turning Point Brands, Inc.的营收复合增速更高（20.7% 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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
CSR vs TPB — 直观对比
营收规模更大
TPB
是对方的1.8倍
$66.6M
营收增速更快
TPB
高出28.9%
0.3%
净利率更高
TPB
高出34.5%
-27.7%
自由现金流更多
CSR
多$42.8M
$21.5M
两年增速更快
TPB
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $121.0M |
| 净利润 | $-18.4M | $8.2M |
| 毛利率 | 96.5% | 55.9% |
| 营业利润率 | -15.9% | 16.5% |
| 净利率 | -27.7% | 6.8% |
| 营收同比 | 0.3% | 29.2% |
| 净利润同比 | -262.9% | 239.8% |
| 每股收益（稀释后） | $-1.08 | $0.40 |
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CSRTPB
| Q4 25 | $66.6M | $121.0M | ||
| Q3 25 | $71.4M | $119.0M | ||
| Q2 25 | $68.5M | $116.6M | ||
| Q1 25 | $67.1M | $106.4M | ||
| Q4 24 | $66.4M | $93.7M | ||
| Q3 24 | $65.0M | $90.7M | ||
| Q2 24 | $65.0M | $93.2M | ||
| Q1 24 | $64.5M | $83.1M |
净利润CSRTPB
| Q4 25 | $-18.4M | $8.2M | ||
| Q3 25 | $53.8M | $21.1M | ||
| Q2 25 | $-14.5M | $14.5M | ||
| Q1 25 | $-3.7M | $14.4M | ||
| Q4 24 | $-5.1M | $2.4M | ||
| Q3 24 | $-1.0M | $12.4M | ||
| Q2 24 | $-1.3M | $13.0M | ||
| Q1 24 | $-3.9M | $12.0M |
毛利率CSRTPB
| Q4 25 | 96.5% | 55.9% | ||
| Q3 25 | 96.5% | 59.2% | ||
| Q2 25 | 96.5% | 57.1% | ||
| Q1 25 | 96.4% | 56.0% | ||
| Q4 24 | 96.5% | 56.0% | ||
| Q3 24 | 96.6% | 55.6% | ||
| Q2 24 | 96.6% | 54.1% | ||
| Q1 24 | 96.4% | 58.2% |
营业利润率CSRTPB
| Q4 25 | -15.9% | 16.5% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | -9.9% | 22.6% | ||
| Q1 25 | 7.1% | 21.8% | ||
| Q4 24 | 4.3% | 19.1% | ||
| Q3 24 | 9.8% | 22.9% | ||
| Q2 24 | 11.1% | 24.5% | ||
| Q1 24 | 6.3% | 23.2% |
净利率CSRTPB
| Q4 25 | -27.7% | 6.8% | ||
| Q3 25 | 75.3% | 17.7% | ||
| Q2 25 | -21.2% | 12.4% | ||
| Q1 25 | -5.6% | 13.5% | ||
| Q4 24 | -7.6% | 2.6% | ||
| Q3 24 | -1.6% | 13.6% | ||
| Q2 24 | -2.0% | 14.0% | ||
| Q1 24 | -6.1% | 14.5% |
每股收益（稀释后）CSRTPB
| Q4 25 | $-1.08 | $0.40 | ||
| Q3 25 | $3.19 | $1.13 | ||
| Q2 25 | $-0.87 | $0.79 | ||
| Q1 25 | $-0.22 | $0.79 | ||
| Q4 24 | $-0.31 | $0.15 | ||
| Q3 24 | $-0.40 | $0.68 | ||
| Q2 24 | $-0.19 | $0.68 | ||
| Q1 24 | $-0.37 | $0.63 |
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 | $222.8M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $372.0M |
| 总资产 | $1.9B | $763.8M |
| 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CSRTPB
| Q4 25 | $12.8M | $222.8M | ||
| Q3 25 | $12.9M | $201.2M | ||
| Q2 25 | $12.4M | $109.9M | ||
| Q1 25 | $11.9M | $99.6M | ||
| Q4 24 | $12.0M | $48.9M | ||
| Q3 24 | $14.5M | $33.6M | ||
| Q2 24 | $14.3M | $142.2M | ||
| Q1 24 | $12.7M | $130.9M |
总债务CSRTPB
| 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CSRTPB
| Q4 25 | $719.2M | $372.0M | ||
| Q3 25 | $748.6M | $358.2M | ||
| Q2 25 | $710.1M | $224.8M | ||
| Q1 25 | $636.8M | $203.4M | ||
| Q4 24 | $752.0M | $190.4M | ||
| Q3 24 | $672.5M | $185.7M | ||
| Q2 24 | $680.7M | $172.8M | ||
| Q1 24 | $688.1M | $160.0M |
总资产CSRTPB
| Q4 25 | $1.9B | $763.8M | ||
| Q3 25 | $2.1B | $742.8M | ||
| Q2 25 | $2.0B | $595.8M | ||
| Q1 25 | $1.9B | $564.6M | ||
| Q4 24 | $1.9B | $493.4M | ||
| Q3 24 | $1.9B | $488.0M | ||
| Q2 24 | $1.9B | $591.6M | ||
| Q1 24 | $1.9B | $586.3M |
负债/权益比CSRTPB
| 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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $21.5M |
| 自由现金流率自由现金流/营收 | 96.5% | 17.8% |
| 资本支出强度资本支出/营收 | 51.3% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $43.8M |
8季度趋势，按日历期对齐
经营现金流CSRTPB
| Q4 25 | $98.5M | $24.9M | ||
| Q3 25 | $35.1M | $3.3M | ||
| Q2 25 | $25.3M | $11.8M | ||
| Q1 25 | $25.4M | $17.4M | ||
| Q4 24 | $98.2M | $17.7M | ||
| Q3 24 | $32.3M | $13.2M | ||
| Q2 24 | $22.9M | $13.4M | ||
| Q1 24 | $24.4M | $22.6M |
自由现金流CSRTPB
| Q4 25 | $64.3M | $21.5M | ||
| Q3 25 | $25.7M | $-721.0K | ||
| Q2 25 | $15.5M | $7.8M | ||
| Q1 25 | $20.4M | $15.2M | ||
| Q4 24 | $41.6M | $16.6M | ||
| Q3 24 | $20.5M | $12.6M | ||
| Q2 24 | $9.1M | $10.9M | ||
| Q1 24 | $2.6M | $22.3M |
自由现金流率CSRTPB
| Q4 25 | 96.5% | 17.8% | ||
| Q3 25 | 36.0% | -0.6% | ||
| Q2 25 | 22.7% | 6.7% | ||
| Q1 25 | 30.4% | 14.3% | ||
| Q4 24 | 62.6% | 17.8% | ||
| Q3 24 | 31.5% | 13.9% | ||
| Q2 24 | 14.0% | 11.7% | ||
| Q1 24 | 4.0% | 26.8% |
资本支出强度CSRTPB
| Q4 25 | 51.3% | 2.8% | ||
| Q3 25 | 13.1% | 3.4% | ||
| Q2 25 | 14.2% | 3.4% | ||
| Q1 25 | 7.5% | 2.1% | ||
| Q4 24 | 85.3% | 1.2% | ||
| Q3 24 | 18.2% | 0.7% | ||
| Q2 24 | 21.2% | 2.7% | ||
| Q1 24 | 33.8% | 0.4% |
现金转化率CSRTPB
| Q4 25 | — | 3.03× | ||
| Q3 25 | 0.65× | 0.16× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.89× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
