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CSP

CSPI
22
Information Technology Services · Technology
Exchange
NASDAQ
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available
Dividends
Weak

Winston Score History

The full picture

CSP Inc. is a small technology company that helps businesses set up and manage their IT systems. Its main business, called Multicomputer, sells specialized high-performance computing hardware and software, while its technology solutions segment resells IT products like servers, networking gear, and security tools to government agencies and commercial customers. The company operates primarily in the United States and the United Kingdom.

CSP Inc. makes money by selling hardware and software products, along with providing IT services and support contracts. It is a small company with a market cap around $100 million, and it competes in a crowded market against much larger IT resellers and managed service providers, which limits its pricing power. The company's operating margin is currently negative, meaning it is spending more than it earns from operations, so improving profitability and finding ways to grow its higher-margin services business are the key challenges it faces going forward.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-213.8% YoY

YoY Growth Rate

Earnings declining

Insider Activity

29.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$33M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

CSP's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
30.1%
Modest — 30.1% gross margin
Profit after running costs
Operating Margin
-10.7%
Losing money on operations — -10.7%
Return on the money invested
ROCE
-6.5%
Weak — -6.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-0.7%
Shrinking sales (-0.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-2.5%
Burning cash (-2.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
1.47%
no trend
Small dividend — 1.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
no trend
Dividend flat

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