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Carrier-neutral colocation and interconnection provider with pre-built data-center power and cooling capacity.
Carrier-neutral colocation and interconnection provider with pre-built data-center power and cooling capacity.
In one line: A smaller Equinix/CoreSite.
Moat: narrow (switching costs, installed base, network effects). Once customers interconnect inside a facility, moving carriers and cross-connects is costly and disruptive.
Size Csquare (CSQR) is a United States Information Technology company (Data Processing Services) with a market value of $2.39B, the 1687th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.34 on 6 Nov 2026.
Growth Revenue grew 8.8% over the last twelve months (peer median +8.7%); the operating margin is 10.2% (peer median -1.2%).
Valuation It trades at 7.9× enterprise value to sales against a peer median of 5.2× (7th most expensive of 21).
Capital Return on invested capital runs 8.1 points below its cost of capital (9.7% WACC).
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | $987M | $908M | $198M |
| Revenue growth | — | +9% | +358% | — |
| Gross profit | n/a | $206M | $131M | $7.78M |
| EBITDA | n/a | $372M | $219M | $9.19M |
| Net income | n/a | -$120M | $459M | -$79.7M |
| Free cash flow | n/a | -$373M | -$786M | -$139M |
| Capital expenditure | n/a | $545M | $867M | $83.0M |
| Total debt | $5.76B | $5.63B | $3.27B | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Csquare CSQR | $2.39B | n/a | +9% | 10% | 7.9× | n/a |
| Equinix EQIX | $100B | -5% | +11% | 15% | n/a | n/a |
| Digital Realty DLR | $65.9B | -10% | +21% | 20% | n/a | n/a |
| American Tower AMT | $87.6B | +8% | +5% | 44% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CSQR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.5% | -6.6% | 8th lowest of 21 |
| Distance from 52-week high | -39.0% | -44.6% | 9th highest of 21 |
| Revenue growth (TTM) | +8.8% | +8.7% | 11th highest of 21 |
| Operating margin | 10.2% | -1.2% | 7th highest of 21 |
| EV / Sales | 7.9× | 5.2× | 7th most expensive of 21 |
| ROIC minus cost of capital | -8.1 pp | -6.9 pp | 8th lowest of 20 |
| EV / EBITDA | 21.0× | 16.5× | 4th most expensive of 14 |
| Net debt / EBITDA | 14.6× | 0.7× | 2nd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Csquare CSQR | United States | $2.39B | n/a | +9% | 10% | 7.9× | n/a | n/a |
| Sunevision 1686.HK | Hong Kong | $2.46B | -29% | +6% | 52% | 11.2× | 10.9% | +10.7% |
| DXC Technology DXC | United States | $2.31B | +58% | -3% | 1% | 0.4× | 3.2% | -6.5% |
| Kingsoft Cloud 3896.HK | Hong Kong | $2.54B | -47% | +35% | -3% | 1.8× | n/a | n/a |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 18.5× | n/a | n/a |
| Beijing Sinnet Technology 300383.SZ | China | $2.70B | -37% | -2% | -11% | 3.3× | 46.5% | -0.7% |
| Tgs TGS.OL | Norway | $2.73B | -13% | -30% | 12% | 2.4× | 5.5% | +36.2% |
| Megaport MP1.AX | Australia | $2.80B | +86% | +37% | -10% | 11.9× | n/a | n/a |
| Shenzhen Xunce Technology 3317.HK | Hong Kong | $1.93B | -79% | +287% | -3% | 6.4× | n/a | n/a |
| Cipher Digital CIFR | United States | $2.99B | -68% | -29% | -172% | 42.6× | n/a | n/a |
| Bitdeer Technologies BTDR | United States | $1.63B | -55% | +128% | -30% | 3.8× | n/a | n/a |
| Kyndryl Holdings Incorporation KD | United States | $3.55B | +33% | -1% | 4% | 0.4× | 1.6% | -4.9% |
| Dentsu Soken 4812.T | Japan | $3.56B | +31% | +10% | 14% | 2.8× | 0.3% | +8.7% |
| ChronoScale CHRN | United States | $1.57B | -31% | +190% | -68% | 32.6× | n/a | n/a |
| JMDC 4483.T | Japan | $1.52B | +10% | +19% | 20% | 5.0× | 19.7% | +24.6% |
| Suncorporation 6736.T | Japan | $1.49B | +22% | -11% | 1% | 23.8× | n/a | n/a |
| HawkEye 360 HAWK | United States | $1.45B | -55% | +88% | -8% | 5.7× | n/a | n/a |
| JOYY, Inc. Sponsored ADR JOYY | United States | $3.98B | +37% | +8% | 2% | 1.2× | 19.8% | +2.1% |
| GDS 9698.HK | Hong Kong | $4.22B | -52% | +13% | 17% | 5.5× | n/a | n/a |
| Capitalonline Data Service 300846.SZ | China | $1.28B | -37% | 0% | -7% | 7.0× | n/a | n/a |
| Innodata INOD | United States | $1.27B | -56% | +39% | 17% | 3.2× | 15.9% | +34.0% |