CSPINasdaqServices-Computer Integrated Systems DesignFiscal year ends September 30
CSP INC /MA/
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$7.61−0.09 (-1.17%)
Close on Oct 19, 2026
- Market cap
- $72.75M
- P/E (TTM)
- –
- Dividend yield
- 1.58%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
31.5%+3.7 pts over 5 years
Operating margin
-5.3%−3.0 pts over 5 years
Net margin
-0.2%+2.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.4% | +2.6% | -1.0% | -4.1% | |
| Gross profit | -1.8% | -0.6% | +1.5% | -0.4% | |
| Free cash flow | -52.2% | -7.7% | +167.6% | – | |
| Dividend per share | +14.3% | +100.0% | -4.4% | -5.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.0% | -4.8% | -0.2% | |
| Return on assets | 5.4% | -2.6% | -0.1% | |
| Current ratio | 2.40 | 3.20 | 2.36 | |
| Debt to equity | – | 0.08 | – | |
| Net debt to EBITDA | – | 17.10× | – | |
| Interest coverage | – | – | -8.7× | |
| Inventory turnover | 13.8× | 6.8× | 21.5× | |
| Capex to revenue | 0.7% | 0.4% | 0.6% | |
| Diluted shares | 7M | 8M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CSP generated $14.97M from operations and spent $5.25M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$14.97M
Used
$5.25M
Capital expenditure$1.10M21%Dividends$3.00M57%Share buybacks$1.15M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.2%
×Asset turnover0.84×
×Equity multiplier1.53×
=Return on equity, FY2025-0.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.2% | 0.84× | 1.53× | -0.2% |
| FY2024 | -0.6% | 0.82× | 1.45× | -0.7% |
| FY2023 | 8.0% | 0.92× | 1.66× | 12.2% |
| FY2022 | 3.5% | 0.79× | 1.89× | 5.2% |
| FY2021 | 1.4% | 0.84× | 1.83× | 2.2% |
| FY2020 | -2.3% | 1.09× | 1.88× | -4.8% |
| FY2019 | -0.5% | 1.38× | 1.78× | -1.2% |
| FY2018 | 19.8% | 1.28× | 2.08× | 52.7% |
| FY2017 | 2.8% | 1.64× | 2.78× | 13.0% |
| FY2016 | 2.5% | 2.16× | 2.57× | 14.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$91.00K
- Cash generatingOperating cash flow above zero$2.27M
- Return on assets improvedROA up on the prior year-0.5% → -0.1%
- Earnings backed by cashOperating cash flow above net income$2.27M vs -$91.00K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.94 → 2.36
- No dilutionShare count did not rise9M → 9M
- Gross margin improvedGross margin up on the prior year34.15% → 31.52%
- More efficientAsset turnover rose0.84 → 0.85