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CENTERSPACE（CSR）与CARRIAGE SERVICES INC（CSV）财务数据对比。点击上方公司名可切换其他公司
CARRIAGE SERVICES INC的季度营收约是CENTERSPACE的1.6倍（$105.5M vs $66.6M），CARRIAGE SERVICES INC净利率更高（11.6% vs -27.7%，领先39.3%），CARRIAGE SERVICES INC同比增速更快（8.0% vs 0.3%），CENTERSPACE自由现金流更多（$64.3M vs $6.2M），过去两年CENTERSPACE的营收复合增速更高（1.6% vs 1.0%）
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。
怡和Cycle & Carriage有限公司是怡和集团在东南亚的投资控股公司，目前该集团持有其75%的股份，是怡和集团在东南亚区域开展资本布局与投资业务的核心平台。
CSR vs CSV — 直观对比
营收规模更大
CSV
是对方的1.6倍
$66.6M
营收增速更快
CSV
高出7.6%
0.3%
净利率更高
CSV
高出39.3%
-27.7%
自由现金流更多
CSR
多$58.1M
$6.2M
两年增速更快
CSR
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $105.5M |
| 净利润 | $-18.4M | $12.3M |
| 毛利率 | 96.5% | 34.8% |
| 营业利润率 | -15.9% | 23.3% |
| 净利率 | -27.7% | 11.6% |
| 营收同比 | 0.3% | 8.0% |
| 净利润同比 | -262.9% | 24.5% |
| 每股收益（稀释后） | $-1.08 | $0.76 |
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CSRCSV
| Q4 25 | $66.6M | $105.5M | ||
| Q3 25 | $71.4M | $102.7M | ||
| Q2 25 | $68.5M | $102.1M | ||
| Q1 25 | $67.1M | $107.1M | ||
| Q4 24 | $66.4M | $97.7M | ||
| Q3 24 | $65.0M | $100.7M | ||
| Q2 24 | $65.0M | $102.3M | ||
| Q1 24 | $64.5M | $103.5M |
净利润CSRCSV
| Q4 25 | $-18.4M | $12.3M | ||
| Q3 25 | $53.8M | $6.6M | ||
| Q2 25 | $-14.5M | $11.7M | ||
| Q1 25 | $-3.7M | $20.9M | ||
| Q4 24 | $-5.1M | $9.9M | ||
| Q3 24 | $-1.0M | $9.9M | ||
| Q2 24 | $-1.3M | $6.3M | ||
| Q1 24 | $-3.9M | $7.0M |
毛利率CSRCSV
| Q4 25 | 96.5% | 34.8% | ||
| Q3 25 | 96.5% | 35.3% | ||
| Q2 25 | 96.5% | 35.2% | ||
| Q1 25 | 96.4% | 35.3% | ||
| Q4 24 | 96.5% | 34.4% | ||
| Q3 24 | 96.6% | 35.2% | ||
| Q2 24 | 96.6% | 36.2% | ||
| Q1 24 | 96.4% | 36.0% |
营业利润率CSRCSV
| Q4 25 | -15.9% | 23.3% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | -9.9% | 23.5% | ||
| Q1 25 | 7.1% | 29.5% | ||
| Q4 24 | 4.3% | 21.6% | ||
| Q3 24 | 9.8% | 22.7% | ||
| Q2 24 | 11.1% | 18.0% | ||
| Q1 24 | 6.3% | 18.8% |
净利率CSRCSV
| Q4 25 | -27.7% | 11.6% | ||
| Q3 25 | 75.3% | 6.4% | ||
| Q2 25 | -21.2% | 11.5% | ||
| Q1 25 | -5.6% | 19.5% | ||
| Q4 24 | -7.6% | 10.1% | ||
| Q3 24 | -1.6% | 9.8% | ||
| Q2 24 | -2.0% | 6.1% | ||
| Q1 24 | -6.1% | 6.7% |
每股收益（稀释后）CSRCSV
| Q4 25 | $-1.08 | $0.76 | ||
| Q3 25 | $3.19 | $0.41 | ||
| Q2 25 | $-0.87 | $0.74 | ||
| Q1 25 | $-0.22 | $1.34 | ||
| Q4 24 | $-0.31 | $0.62 | ||
| Q3 24 | $-0.40 | $0.63 | ||
| Q2 24 | $-0.19 | $0.40 | ||
| Q1 24 | $-0.37 | $0.45 |
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 | $1.7M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $254.8M |
| 总资产 | $1.9B | $1.3B |
| 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CSRCSV
| Q4 25 | $12.8M | $1.7M | ||
| Q3 25 | $12.9M | $1.2M | ||
| Q2 25 | $12.4M | $1.4M | ||
| Q1 25 | $11.9M | $4.6M | ||
| Q4 24 | $12.0M | $1.2M | ||
| Q3 24 | $14.5M | $1.3M | ||
| Q2 24 | $14.3M | $1.5M | ||
| Q1 24 | $12.7M | $1.7M |
总债务CSRCSV
| 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CSRCSV
| Q4 25 | $719.2M | $254.8M | ||
| Q3 25 | $748.6M | $242.1M | ||
| Q2 25 | $710.1M | $235.4M | ||
| Q1 25 | $636.8M | $223.1M | ||
| Q4 24 | $752.0M | $208.6M | ||
| Q3 24 | $672.5M | $198.1M | ||
| Q2 24 | $680.7M | $187.9M | ||
| Q1 24 | $688.1M | $179.6M |
总资产CSRCSV
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.3B |
负债/权益比CSRCSV
| 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 | $14.1M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $6.2M |
| 自由现金流率自由现金流/营收 | 96.5% | 5.9% |
| 资本支出强度资本支出/营收 | 51.3% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $125.9M | $40.1M |
8季度趋势，按日历期对齐
经营现金流CSRCSV
| Q4 25 | $98.5M | $14.1M | ||
| Q3 25 | $35.1M | $24.7M | ||
| Q2 25 | $25.3M | $8.1M | ||
| Q1 25 | $25.4M | $13.8M | ||
| Q4 24 | $98.2M | $9.3M | ||
| Q3 24 | $32.3M | $20.9M | ||
| Q2 24 | $22.9M | $2.2M | ||
| Q1 24 | $24.4M | $19.7M |
自由现金流CSRCSV
| Q4 25 | $64.3M | $6.2M | ||
| Q3 25 | $25.7M | $18.0M | ||
| Q2 25 | $15.5M | $5.2M | ||
| Q1 25 | $20.4M | $10.6M | ||
| Q4 24 | $41.6M | $4.9M | ||
| Q3 24 | $20.5M | $16.2M | ||
| Q2 24 | $9.1M | $-1.4M | ||
| Q1 24 | $2.6M | $16.2M |
自由现金流率CSRCSV
| Q4 25 | 96.5% | 5.9% | ||
| Q3 25 | 36.0% | 17.5% | ||
| Q2 25 | 22.7% | 5.1% | ||
| Q1 25 | 30.4% | 9.9% | ||
| Q4 24 | 62.6% | 5.0% | ||
| Q3 24 | 31.5% | 16.1% | ||
| Q2 24 | 14.0% | -1.4% | ||
| Q1 24 | 4.0% | 15.6% |
资本支出强度CSRCSV
| Q4 25 | 51.3% | 7.5% | ||
| Q3 25 | 13.1% | 6.5% | ||
| Q2 25 | 14.2% | 2.8% | ||
| Q1 25 | 7.5% | 3.0% | ||
| Q4 24 | 85.3% | 4.5% | ||
| Q3 24 | 18.2% | 4.6% | ||
| Q2 24 | 21.2% | 3.5% | ||
| Q1 24 | 33.8% | 3.4% |
现金转化率CSRCSV
| Q4 25 | — | 1.15× | ||
| Q3 25 | 0.65× | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 2.83× |
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% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
