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CARRIAGE SERVICES INC（CSV）与DLH Holdings Corp.（DLHC）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DLH Holdings Corp.的1.5倍（$105.5M vs $68.9M），CARRIAGE SERVICES INC净利率更高（11.6% vs -1.9%，领先13.6%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -24.1%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-4.8M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -17.4%）
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。
DLH Holdings Corp.是一家总部位于美国的政府服务供应商，主要为退伍军人事务部、国防部、卫生与公众服务部等联邦机构提供技术赋能的医疗、物流、工程及任务支持服务，同时服务部分州及地方公共部门客户。
CSV vs DLHC — 直观对比
营收规模更大
CSV
是对方的1.5倍
$68.9M
营收增速更快
CSV
高出32.1%
-24.1%
净利率更高
CSV
高出13.6%
-1.9%
自由现金流更多
CSV
多$11.0M
$-4.8M
两年增速更快
CSV
近两年复合增速
-17.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $68.9M |
| 净利润 | $12.3M | $-1.3M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 2.1% |
| 净利率 | 11.6% | -1.9% |
| 营收同比 | 8.0% | -24.1% |
| 净利润同比 | 24.5% | -218.7% |
| 每股收益（稀释后） | $0.76 | $-0.09 |
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CSVDLHC
| Q4 25 | $105.5M | $68.9M | ||
| Q3 25 | $102.7M | $81.2M | ||
| Q2 25 | $102.1M | $83.3M | ||
| Q1 25 | $107.1M | $89.2M | ||
| Q4 24 | $97.7M | $90.8M | ||
| Q3 24 | $100.7M | $96.4M | ||
| Q2 24 | $102.3M | $100.7M | ||
| Q1 24 | $103.5M | $101.0M |
净利润CSVDLHC
| Q4 25 | $12.3M | $-1.3M | ||
| Q3 25 | $6.6M | $-920.0K | ||
| Q2 25 | $11.7M | $289.0K | ||
| Q1 25 | $20.9M | $878.0K | ||
| Q4 24 | $9.9M | $1.1M | ||
| Q3 24 | $9.9M | $2.3M | ||
| Q2 24 | $6.3M | $1.1M | ||
| Q1 24 | $7.0M | $1.8M |
毛利率CSVDLHC
| Q4 25 | 34.8% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | 35.3% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 36.0% | — |
营业利润率CSVDLHC
| Q4 25 | 23.3% | 2.1% | ||
| Q3 25 | 17.0% | 2.8% | ||
| Q2 25 | 23.5% | 4.5% | ||
| Q1 25 | 29.5% | 5.7% | ||
| Q4 24 | 21.6% | 6.2% | ||
| Q3 24 | 22.7% | 6.6% | ||
| Q2 24 | 18.0% | 5.7% | ||
| Q1 24 | 18.8% | 5.9% |
净利率CSVDLHC
| Q4 25 | 11.6% | -1.9% | ||
| Q3 25 | 6.4% | -1.1% | ||
| Q2 25 | 11.5% | 0.3% | ||
| Q1 25 | 19.5% | 1.0% | ||
| Q4 24 | 10.1% | 1.2% | ||
| Q3 24 | 9.8% | 2.4% | ||
| Q2 24 | 6.1% | 1.1% | ||
| Q1 24 | 6.7% | 1.8% |
每股收益（稀释后）CSVDLHC
| Q4 25 | $0.76 | $-0.09 | ||
| Q3 25 | $0.41 | $-0.07 | ||
| Q2 25 | $0.74 | $0.02 | ||
| Q1 25 | $1.34 | $0.06 | ||
| Q4 24 | $0.62 | $0.08 | ||
| Q3 24 | $0.63 | $0.16 | ||
| Q2 24 | $0.40 | $0.08 | ||
| Q1 24 | $0.45 | $0.12 |
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 | $1.7M | $257.0K |
| 总债务越低越好 | — | $133.5M |
| 股东权益账面价值 | $254.8M | $112.2M |
| 总资产 | $1.3B | $283.5M |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资CSVDLHC
| Q4 25 | $1.7M | $257.0K | ||
| Q3 25 | $1.2M | $125.0K | ||
| Q2 25 | $1.4M | $194.0K | ||
| Q1 25 | $4.6M | $196.0K | ||
| Q4 24 | $1.2M | $451.0K | ||
| Q3 24 | $1.3M | $342.0K | ||
| Q2 24 | $1.5M | $423.0K | ||
| Q1 24 | $1.7M | $238.0K |
总债务CSVDLHC
| Q4 25 | — | $133.5M | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | — | $138.3M | ||
| Q1 25 | — | $147.3M | ||
| Q4 24 | — | $162.2M | ||
| Q3 24 | — | $149.4M | ||
| Q2 24 | — | $160.9M | ||
| Q1 24 | — | $164.8M |
股东权益CSVDLHC
| Q4 25 | $254.8M | $112.2M | ||
| Q3 25 | $242.1M | $113.0M | ||
| Q2 25 | $235.4M | $113.7M | ||
| Q1 25 | $223.1M | $112.8M | ||
| Q4 24 | $208.6M | $111.4M | ||
| Q3 24 | $198.1M | $110.1M | ||
| Q2 24 | $187.9M | $108.6M | ||
| Q1 24 | $179.6M | $106.8M |
总资产CSVDLHC
| Q4 25 | $1.3B | $283.5M | ||
| Q3 25 | $1.3B | $290.7M | ||
| Q2 25 | $1.3B | $299.3M | ||
| Q1 25 | $1.3B | $306.6M | ||
| Q4 24 | $1.3B | $325.0M | ||
| Q3 24 | $1.3B | $314.4M | ||
| Q2 24 | $1.3B | $325.0M | ||
| Q1 24 | $1.3B | $325.9M |
负债/权益比CSVDLHC
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.48× | ||
| Q1 24 | — | 1.54× |
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 | $14.1M | $-4.8M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-4.8M |
| 自由现金流率自由现金流/营收 | 5.9% | -7.0% |
| 资本支出强度资本支出/营收 | 7.5% | 0.1% |
| 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 | $40.1M | $29.2M |
8季度趋势，按日历期对齐
经营现金流CSVDLHC
| Q4 25 | $14.1M | $-4.8M | ||
| Q3 25 | $24.7M | $10.7M | ||
| Q2 25 | $8.1M | $9.6M | ||
| Q1 25 | $13.8M | $14.5M | ||
| Q4 24 | $9.3M | $-11.5M | ||
| Q3 24 | $20.9M | $12.4M | ||
| Q2 24 | $2.2M | $4.6M | ||
| Q1 24 | $19.7M | $5.2M |
自由现金流CSVDLHC
| Q4 25 | $6.2M | $-4.8M | ||
| Q3 25 | $18.0M | $10.7M | ||
| Q2 25 | $5.2M | $9.4M | ||
| Q1 25 | $10.6M | $14.0M | ||
| Q4 24 | $4.9M | $-12.1M | ||
| Q3 24 | $16.2M | $12.2M | ||
| Q2 24 | $-1.4M | $4.5M | ||
| Q1 24 | $16.2M | $4.9M |
自由现金流率CSVDLHC
| Q4 25 | 5.9% | -7.0% | ||
| Q3 25 | 17.5% | 13.1% | ||
| Q2 25 | 5.1% | 11.2% | ||
| Q1 25 | 9.9% | 15.6% | ||
| Q4 24 | 5.0% | -13.3% | ||
| Q3 24 | 16.1% | 12.7% | ||
| Q2 24 | -1.4% | 4.4% | ||
| Q1 24 | 15.6% | 4.9% |
资本支出强度CSVDLHC
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 6.5% | 0.0% | ||
| Q2 25 | 2.8% | 0.3% | ||
| Q1 25 | 3.0% | 0.6% | ||
| Q4 24 | 4.5% | 0.6% | ||
| Q3 24 | 4.6% | 0.2% | ||
| Q2 24 | 3.5% | 0.2% | ||
| Q1 24 | 3.4% | 0.3% |
现金转化率CSVDLHC
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 33.12× | ||
| Q1 25 | 0.66× | 16.52× | ||
| Q4 24 | 0.94× | -10.35× | ||
| Q3 24 | 2.11× | 5.42× | ||
| Q2 24 | 0.34× | 4.06× | ||
| Q1 24 | 2.83× | 2.89× |
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
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% |
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
