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CARRIAGE SERVICES INC（CSV）与Empire State Realty Trust, Inc.（ESRT）财务数据对比。点击上方公司名可切换其他公司
Empire State Realty Trust, Inc.的季度营收约是CARRIAGE SERVICES INC的1.8倍（$190.3M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 1.6%，领先10.1%），CARRIAGE SERVICES INC同比增速更快（8.0% vs 5.7%），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs 0.2%）
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。
帝国州房地产信托是一家美国房地产投资信托企业，持有并运营纽约大都会区的优质办公、零售及住宅物业，旗下资产包括地标性建筑帝国大厦，主打可持续运营模式，服务各类租户及住户，专注实现长期资产增值。
CSV vs ESRT — 直观对比
营收规模更大
ESRT
是对方的1.8倍
$105.5M
营收增速更快
CSV
高出2.3%
5.7%
净利率更高
CSV
高出10.1%
1.6%
两年增速更快
CSV
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $190.3M |
| 净利润 | $12.3M | $3.0M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 15.5% |
| 净利率 | 11.6% | 1.6% |
| 营收同比 | 8.0% | 5.7% |
| 净利润同比 | 24.5% | -73.7% |
| 每股收益（稀释后） | $0.76 | $0.20 |
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CSVESRT
| Q1 26 | — | $190.3M | ||
| Q4 25 | $105.5M | $199.2M | ||
| Q3 25 | $102.7M | $197.7M | ||
| Q2 25 | $102.1M | $191.3M | ||
| Q1 25 | $107.1M | $180.1M | ||
| Q4 24 | $97.7M | $197.6M | ||
| Q3 24 | $100.7M | $199.6M | ||
| Q2 24 | $102.3M | $189.5M |
净利润CSVESRT
| Q1 26 | — | $3.0M | ||
| Q4 25 | $12.3M | $32.2M | ||
| Q3 25 | $6.6M | $13.6M | ||
| Q2 25 | $11.7M | $11.4M | ||
| Q1 25 | $20.9M | $15.8M | ||
| Q4 24 | $9.9M | $18.8M | ||
| Q3 24 | $9.9M | $22.8M | ||
| Q2 24 | $6.3M | $28.6M |
毛利率CSVESRT
| 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CSVESRT
| Q1 26 | — | 15.5% | ||
| Q4 25 | 23.3% | 17.8% | ||
| Q3 25 | 17.0% | 19.9% | ||
| Q2 25 | 23.5% | 18.4% | ||
| Q1 25 | 29.5% | 14.3% | ||
| Q4 24 | 21.6% | 21.7% | ||
| Q3 24 | 22.7% | 22.7% | ||
| Q2 24 | 18.0% | 20.8% |
净利率CSVESRT
| Q1 26 | — | 1.6% | ||
| Q4 25 | 11.6% | 16.1% | ||
| Q3 25 | 6.4% | 6.9% | ||
| Q2 25 | 11.5% | 6.0% | ||
| Q1 25 | 19.5% | 8.8% | ||
| Q4 24 | 10.1% | 9.5% | ||
| Q3 24 | 9.8% | 11.4% | ||
| Q2 24 | 6.1% | 15.1% |
每股收益（稀释后）CSVESRT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.76 | $0.11 | ||
| Q3 25 | $0.41 | $0.05 | ||
| Q2 25 | $0.74 | $0.04 | ||
| Q1 25 | $1.34 | $0.05 | ||
| Q4 24 | $0.62 | $0.07 | ||
| Q3 24 | $0.63 | $0.08 | ||
| Q2 24 | $0.40 | $0.10 |
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 | $68.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $1.8B |
| 总资产 | $1.3B | $4.4B |
| 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CSVESRT
| Q1 26 | — | $68.8M | ||
| Q4 25 | $1.7M | $132.7M | ||
| Q3 25 | $1.2M | $154.1M | ||
| Q2 25 | $1.4M | $94.6M | ||
| Q1 25 | $4.6M | $187.8M | ||
| Q4 24 | $1.2M | $385.5M | ||
| Q3 24 | $1.3M | $421.9M | ||
| Q2 24 | $1.5M | $535.5M |
股东权益CSVESRT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $254.8M | $1.1B | ||
| Q3 25 | $242.1M | $1.0B | ||
| Q2 25 | $235.4M | $1.0B | ||
| Q1 25 | $223.1M | $1.0B | ||
| Q4 24 | $208.6M | $1.0B | ||
| Q3 24 | $198.1M | $1.0B | ||
| Q2 24 | $187.9M | $1.0B |
总资产CSVESRT
| Q1 26 | — | $4.4B | ||
| Q4 25 | $1.3B | $4.5B | ||
| Q3 25 | $1.3B | $4.1B | ||
| Q2 25 | $1.3B | $4.1B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.3B | $4.5B | ||
| Q3 24 | $1.3B | $4.4B | ||
| Q2 24 | $1.3B | $4.4B |
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% | 10.0% |
| 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CSVESRT
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $249.1M | ||
| Q3 25 | $24.7M | $105.3M | ||
| Q2 25 | $8.1M | $26.7M | ||
| Q1 25 | $13.8M | $83.1M | ||
| Q4 24 | $9.3M | $260.9M | ||
| Q3 24 | $20.9M | $102.8M | ||
| Q2 24 | $2.2M | $37.1M |
自由现金流CSVESRT
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $50.6M | ||
| Q3 25 | $18.0M | $72.8M | ||
| Q2 25 | $5.2M | $-55.1M | ||
| Q1 25 | $10.6M | $41.1M | ||
| Q4 24 | $4.9M | $88.0M | ||
| Q3 24 | $16.2M | $-65.1M | ||
| Q2 24 | $-1.4M | $19.5M |
自由现金流率CSVESRT
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 25.4% | ||
| Q3 25 | 17.5% | 36.8% | ||
| Q2 25 | 5.1% | -28.8% | ||
| Q1 25 | 9.9% | 22.8% | ||
| Q4 24 | 5.0% | 44.5% | ||
| Q3 24 | 16.1% | -32.6% | ||
| Q2 24 | -1.4% | 10.3% |
资本支出强度CSVESRT
| Q1 26 | — | 10.0% | ||
| Q4 25 | 7.5% | 99.6% | ||
| Q3 25 | 6.5% | 16.5% | ||
| Q2 25 | 2.8% | 42.8% | ||
| Q1 25 | 3.0% | 23.4% | ||
| Q4 24 | 4.5% | 87.5% | ||
| Q3 24 | 4.6% | 84.1% | ||
| Q2 24 | 3.5% | 9.3% |
现金转化率CSVESRT
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 7.74× | ||
| Q3 25 | 3.76× | 7.72× | ||
| Q2 25 | 0.69× | 2.35× | ||
| Q1 25 | 0.66× | 5.27× | ||
| Q4 24 | 0.94× | 13.88× | ||
| Q3 24 | 2.11× | 4.51× | ||
| Q2 24 | 0.34× | 1.30× |
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% |
ESRT
| Rental revenue (1) | $166.1M | 87% |
| Observatory revenue | $18.5M | 10% |
| Other revenue and fees | $4.1M | 2% |
| Lease termination fees | $1.4M | 1% |
| Third-party management and other fees | $277.0K | 0% |
