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CARRIAGE SERVICES INC（CSV）与慧与（EFSC）财务数据对比。点击上方公司名可切换其他公司
慧与的季度营收约是CARRIAGE SERVICES INC的1.8倍（$185.2M vs $105.5M），慧与净利率更高（26.6% vs 11.6%，领先15.0%），过去两年慧与的营收复合增速更高（9.0% vs 1.0%）
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。
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
CSV vs EFSC — 直观对比
营收规模更大
EFSC
是对方的1.8倍
$105.5M
净利率更高
EFSC
高出15.0%
11.6%
两年增速更快
EFSC
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $185.2M |
| 净利润 | $12.3M | $49.4M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | — |
| 净利率 | 11.6% | 26.6% |
| 营收同比 | 8.0% | — |
| 净利润同比 | 24.5% | -1.2% |
| 每股收益（稀释后） | $0.76 | $1.30 |
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CSVEFSC
| Q1 26 | — | $185.2M | ||
| Q4 25 | $105.5M | $193.6M | ||
| Q3 25 | $102.7M | $206.9M | ||
| Q2 25 | $102.1M | $173.4M | ||
| Q1 25 | $107.1M | $166.0M | ||
| Q4 24 | $97.7M | $167.0M | ||
| Q3 24 | $100.7M | $164.9M | ||
| Q2 24 | $102.3M | $156.0M |
净利润CSVEFSC
| Q1 26 | — | $49.4M | ||
| Q4 25 | $12.3M | $54.8M | ||
| Q3 25 | $6.6M | $45.2M | ||
| Q2 25 | $11.7M | $51.4M | ||
| Q1 25 | $20.9M | $50.0M | ||
| Q4 24 | $9.9M | $48.8M | ||
| Q3 24 | $9.9M | $50.6M | ||
| Q2 24 | $6.3M | $45.4M |
毛利率CSVEFSC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | 23.3% | — | ||
| Q3 25 | 17.0% | 42.9% | ||
| Q2 25 | 23.5% | 37.0% | ||
| Q1 25 | 29.5% | 36.8% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | 38.1% | ||
| Q2 24 | 18.0% | 36.7% |
净利率CSVEFSC
| Q1 26 | — | 26.6% | ||
| Q4 25 | 11.6% | 28.3% | ||
| Q3 25 | 6.4% | 21.9% | ||
| Q2 25 | 11.5% | 29.6% | ||
| Q1 25 | 19.5% | 30.1% | ||
| Q4 24 | 10.1% | 29.2% | ||
| Q3 24 | 9.8% | 30.7% | ||
| Q2 24 | 6.1% | 29.1% |
每股收益（稀释后）CSVEFSC
| Q1 26 | — | $1.30 | ||
| Q4 25 | $0.76 | $1.45 | ||
| Q3 25 | $0.41 | $1.19 | ||
| Q2 25 | $0.74 | $1.36 | ||
| Q1 25 | $1.34 | $1.31 | ||
| Q4 24 | $0.62 | $1.27 | ||
| Q3 24 | $0.63 | $1.32 | ||
| Q2 24 | $0.40 | $1.19 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $2.1B |
| 总资产 | $1.3B | $17.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.5M | — |
股东权益CSVEFSC
| Q1 26 | — | $2.1B | ||
| Q4 25 | $254.8M | $2.0B | ||
| Q3 25 | $242.1M | $2.0B | ||
| Q2 25 | $235.4M | $1.9B | ||
| Q1 25 | $223.1M | $1.9B | ||
| Q4 24 | $208.6M | $1.8B | ||
| Q3 24 | $198.1M | $1.8B | ||
| Q2 24 | $187.9M | $1.8B |
总资产CSVEFSC
| Q1 26 | — | $17.3B | ||
| Q4 25 | $1.3B | $17.3B | ||
| Q3 25 | $1.3B | $16.4B | ||
| Q2 25 | $1.3B | $16.1B | ||
| Q1 25 | $1.3B | $15.7B | ||
| Q4 24 | $1.3B | $15.6B | ||
| Q3 24 | $1.3B | $15.0B | ||
| Q2 24 | $1.3B | $14.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $6.2M | — |
| 自由现金流率自由现金流/营收 | 5.9% | — |
| 资本支出强度资本支出/营收 | 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 | $40.1M | — |
8季度趋势，按日历期对齐
经营现金流CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $193.5M | ||
| Q3 25 | $24.7M | $49.4M | ||
| Q2 25 | $8.1M | $61.3M | ||
| Q1 25 | $13.8M | $40.0M | ||
| Q4 24 | $9.3M | $247.4M | ||
| Q3 24 | $20.9M | $89.0M | ||
| Q2 24 | $2.2M | $76.5M |
自由现金流CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $181.5M | ||
| Q3 25 | $18.0M | $47.1M | ||
| Q2 25 | $5.2M | $59.0M | ||
| Q1 25 | $10.6M | $35.6M | ||
| Q4 24 | $4.9M | $239.9M | ||
| Q3 24 | $16.2M | $88.2M | ||
| Q2 24 | $-1.4M | $74.7M |
自由现金流率CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 93.8% | ||
| Q3 25 | 17.5% | 22.8% | ||
| Q2 25 | 5.1% | 34.0% | ||
| Q1 25 | 9.9% | 21.5% | ||
| Q4 24 | 5.0% | 143.7% | ||
| Q3 24 | 16.1% | 53.5% | ||
| Q2 24 | -1.4% | 47.9% |
资本支出强度CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 6.2% | ||
| Q3 25 | 6.5% | 1.1% | ||
| Q2 25 | 2.8% | 1.3% | ||
| Q1 25 | 3.0% | 2.7% | ||
| Q4 24 | 4.5% | 4.5% | ||
| Q3 24 | 4.6% | 0.5% | ||
| Q2 24 | 3.5% | 1.1% |
现金转化率CSVEFSC
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 3.53× | ||
| Q3 25 | 3.76× | 1.09× | ||
| Q2 25 | 0.69× | 1.19× | ||
| Q1 25 | 0.66× | 0.80× | ||
| Q4 24 | 0.94× | 5.07× | ||
| Q3 24 | 2.11× | 1.76× | ||
| Q2 24 | 0.34× | 1.68× |
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% |
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
