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CARRIAGE SERVICES INC（CSV）与Energy Recovery, Inc.（ERII）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Energy Recovery, Inc.的1.6倍（$105.5M vs $66.9M），Energy Recovery, Inc.净利率更高（40.2% vs 11.6%，领先28.6%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -0.3%），Energy Recovery, Inc.自由现金流更多（$6.4M vs $6.2M），过去两年Energy Recovery, Inc.的营收复合增速更高（8.1% 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。
Energy Recovery, Inc.是一家美国制造商，专注生产为水务及二氧化碳制冷行业提供的能量回收装置，产品可帮助相关行业在工艺流程中回收利用富余能量，助力客户降低能耗成本，提升运营的绿色低碳水平，在细分领域拥有领先的技术积累。
CSV vs ERII — 直观对比
营收规模更大
CSV
是对方的1.6倍
$66.9M
营收增速更快
CSV
高出8.3%
-0.3%
净利率更高
ERII
高出28.6%
11.6%
自由现金流更多
ERII
多$203.0K
$6.2M
两年增速更快
ERII
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $66.9M |
| 净利润 | $12.3M | $26.9M |
| 毛利率 | 34.8% | 67.2% |
| 营业利润率 | 23.3% | 46.8% |
| 净利率 | 11.6% | 40.2% |
| 营收同比 | 8.0% | -0.3% |
| 净利润同比 | 24.5% | 14.7% |
| 每股收益（稀释后） | $0.76 | $0.49 |
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CSVERII
| Q4 25 | $105.5M | $66.9M | ||
| Q3 25 | $102.7M | $32.0M | ||
| Q2 25 | $102.1M | $28.1M | ||
| Q1 25 | $107.1M | — | ||
| Q4 24 | $97.7M | $67.1M | ||
| Q3 24 | $100.7M | $38.6M | ||
| Q2 24 | $102.3M | $27.2M | ||
| Q1 24 | $103.5M | $12.1M |
净利润CSVERII
| Q4 25 | $12.3M | $26.9M | ||
| Q3 25 | $6.6M | $3.9M | ||
| Q2 25 | $11.7M | $2.1M | ||
| Q1 25 | $20.9M | — | ||
| Q4 24 | $9.9M | $23.5M | ||
| Q3 24 | $9.9M | $8.5M | ||
| Q2 24 | $6.3M | $-642.0K | ||
| Q1 24 | $7.0M | $-8.3M |
毛利率CSVERII
| Q4 25 | 34.8% | 67.2% | ||
| Q3 25 | 35.3% | 64.2% | ||
| Q2 25 | 35.2% | 64.0% | ||
| Q1 25 | 35.3% | — | ||
| Q4 24 | 34.4% | 70.2% | ||
| Q3 24 | 35.2% | 65.1% | ||
| Q2 24 | 36.2% | 64.6% | ||
| Q1 24 | 36.0% | 59.0% |
营业利润率CSVERII
| Q4 25 | 23.3% | 46.8% | ||
| Q3 25 | 17.0% | 11.4% | ||
| Q2 25 | 23.5% | 5.3% | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 21.6% | 38.2% | ||
| Q3 24 | 22.7% | 18.3% | ||
| Q2 24 | 18.0% | -7.4% | ||
| Q1 24 | 18.8% | -90.4% |
净利率CSVERII
| Q4 25 | 11.6% | 40.2% | ||
| Q3 25 | 6.4% | 12.1% | ||
| Q2 25 | 11.5% | 7.3% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 10.1% | 35.0% | ||
| Q3 24 | 9.8% | 22.0% | ||
| Q2 24 | 6.1% | -2.4% | ||
| Q1 24 | 6.7% | -68.3% |
每股收益（稀释后）CSVERII
| Q4 25 | $0.76 | $0.49 | ||
| Q3 25 | $0.41 | $0.07 | ||
| Q2 25 | $0.74 | $0.04 | ||
| Q1 25 | $1.34 | — | ||
| Q4 24 | $0.62 | $0.40 | ||
| Q3 24 | $0.63 | $0.15 | ||
| Q2 24 | $0.40 | $-0.01 | ||
| Q1 24 | $0.45 | $-0.14 |
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 | $75.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $206.2M |
| 总资产 | $1.3B | $231.5M |
| 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CSVERII
| Q4 25 | $1.7M | $75.2M | ||
| Q3 25 | $1.2M | $70.4M | ||
| Q2 25 | $1.4M | $79.5M | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | $78.0M | ||
| Q3 24 | $1.3M | $118.6M | ||
| Q2 24 | $1.5M | $101.0M | ||
| Q1 24 | $1.7M | $117.4M |
股东权益CSVERII
| Q4 25 | $254.8M | $206.2M | ||
| Q3 25 | $242.1M | $180.8M | ||
| Q2 25 | $235.4M | $185.2M | ||
| Q1 25 | $223.1M | — | ||
| Q4 24 | $208.6M | $210.0M | ||
| Q3 24 | $198.1M | $233.9M | ||
| Q2 24 | $187.9M | $218.5M | ||
| Q1 24 | $179.6M | $216.0M |
总资产CSVERII
| Q4 25 | $1.3B | $231.5M | ||
| Q3 25 | $1.3B | $209.6M | ||
| Q2 25 | $1.3B | $212.3M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $242.8M | ||
| Q3 24 | $1.3B | $262.7M | ||
| Q2 24 | $1.3B | $249.0M | ||
| Q1 24 | $1.3B | $244.3M |
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 | $7.1M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $6.4M |
| 自由现金流率自由现金流/营收 | 5.9% | 9.6% |
| 资本支出强度资本支出/营收 | 7.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.26× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $15.8M |
8季度趋势，按日历期对齐
经营现金流CSVERII
| Q4 25 | $14.1M | $7.1M | ||
| Q3 25 | $24.7M | $-3.1M | ||
| Q2 25 | $8.1M | $4.1M | ||
| Q1 25 | $13.8M | — | ||
| Q4 24 | $9.3M | $9.0M | ||
| Q3 24 | $20.9M | $-3.0M | ||
| Q2 24 | $2.2M | $8.1M | ||
| Q1 24 | $19.7M | $6.5M |
自由现金流CSVERII
| Q4 25 | $6.2M | $6.4M | ||
| Q3 25 | $18.0M | $-3.5M | ||
| Q2 25 | $5.2M | $4.0M | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | $8.9M | ||
| Q3 24 | $16.2M | $-3.2M | ||
| Q2 24 | $-1.4M | $7.9M | ||
| Q1 24 | $16.2M | $5.7M |
自由现金流率CSVERII
| Q4 25 | 5.9% | 9.6% | ||
| Q3 25 | 17.5% | -10.9% | ||
| Q2 25 | 5.1% | 14.3% | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | 13.2% | ||
| Q3 24 | 16.1% | -8.2% | ||
| Q2 24 | -1.4% | 28.9% | ||
| Q1 24 | 15.6% | 46.9% |
资本支出强度CSVERII
| Q4 25 | 7.5% | 1.0% | ||
| Q3 25 | 6.5% | 1.1% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | 4.6% | 0.4% | ||
| Q2 24 | 3.5% | 0.7% | ||
| Q1 24 | 3.4% | 6.8% |
现金转化率CSVERII
| Q4 25 | 1.15× | 0.26× | ||
| Q3 25 | 3.76× | -0.81× | ||
| Q2 25 | 0.69× | 2.02× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 0.38× | ||
| Q3 24 | 2.11× | -0.35× | ||
| 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
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% |
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
