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CARRIAGE SERVICES INC（CSV）与FARMER BROTHERS CO（FARM）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FARMER BROTHERS CO的1.2倍（$105.5M vs $88.9M），CARRIAGE SERVICES INC净利率更高（11.6% vs -5.5%，领先17.1%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -1.2%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-2.6M），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% 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。
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
CSV vs FARM — 直观对比
营收规模更大
CSV
是对方的1.2倍
$88.9M
营收增速更快
CSV
高出9.2%
-1.2%
净利率更高
CSV
高出17.1%
-5.5%
自由现金流更多
CSV
多$8.8M
$-2.6M
两年增速更快
FARM
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $88.9M |
| 净利润 | $12.3M | $-4.9M |
| 毛利率 | 34.8% | 36.3% |
| 营业利润率 | 23.3% | -4.7% |
| 净利率 | 11.6% | -5.5% |
| 营收同比 | 8.0% | -1.2% |
| 净利润同比 | 24.5% | -2417.1% |
| 每股收益（稀释后） | $0.76 | $-0.22 |
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CSVFARM
| Q4 25 | $105.5M | $88.9M | ||
| Q3 25 | $102.7M | $81.6M | ||
| Q2 25 | $102.1M | $85.1M | ||
| Q1 25 | $107.1M | $82.1M | ||
| Q4 24 | $97.7M | $90.0M | ||
| Q3 24 | $100.7M | $85.1M | ||
| Q2 24 | $102.3M | $84.4M | ||
| Q1 24 | $103.5M | $85.4M |
净利润CSVFARM
| Q4 25 | $12.3M | $-4.9M | ||
| Q3 25 | $6.6M | $-4.0M | ||
| Q2 25 | $11.7M | $-4.7M | ||
| Q1 25 | $20.9M | $-5.0M | ||
| Q4 24 | $9.9M | $210.0K | ||
| Q3 24 | $9.9M | $-5.0M | ||
| Q2 24 | $6.3M | $-4.6M | ||
| Q1 24 | $7.0M | $-682.0K |
毛利率CSVFARM
| Q4 25 | 34.8% | 36.3% | ||
| Q3 25 | 35.3% | 39.7% | ||
| Q2 25 | 35.2% | 44.9% | ||
| Q1 25 | 35.3% | 42.1% | ||
| Q4 24 | 34.4% | 43.1% | ||
| Q3 24 | 35.2% | 43.9% | ||
| Q2 24 | 36.2% | 38.8% | ||
| Q1 24 | 36.0% | 40.1% |
营业利润率CSVFARM
| Q4 25 | 23.3% | -4.7% | ||
| Q3 25 | 17.0% | -3.9% | ||
| Q2 25 | 23.5% | 4.6% | ||
| Q1 25 | 29.5% | -4.3% | ||
| Q4 24 | 21.6% | 1.1% | ||
| Q3 24 | 22.7% | -3.3% | ||
| Q2 24 | 18.0% | -4.9% | ||
| Q1 24 | 18.8% | -0.5% |
净利率CSVFARM
| Q4 25 | 11.6% | -5.5% | ||
| Q3 25 | 6.4% | -4.9% | ||
| Q2 25 | 11.5% | -5.6% | ||
| Q1 25 | 19.5% | -6.1% | ||
| Q4 24 | 10.1% | 0.2% | ||
| Q3 24 | 9.8% | -5.9% | ||
| Q2 24 | 6.1% | -5.4% | ||
| Q1 24 | 6.7% | -0.8% |
每股收益（稀释后）CSVFARM
| Q4 25 | $0.76 | $-0.22 | ||
| Q3 25 | $0.41 | $-0.19 | ||
| Q2 25 | $0.74 | $-0.22 | ||
| Q1 25 | $1.34 | $-0.23 | ||
| Q4 24 | $0.62 | $0.01 | ||
| Q3 24 | $0.63 | $-0.24 | ||
| Q2 24 | $0.40 | $-0.23 | ||
| Q1 24 | $0.45 | $-0.03 |
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 | $4.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $35.7M |
| 总资产 | $1.3B | $151.4M |
| 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CSVFARM
| Q4 25 | $1.7M | $4.2M | ||
| Q3 25 | $1.2M | $3.8M | ||
| Q2 25 | $1.4M | $6.8M | ||
| Q1 25 | $4.6M | $4.1M | ||
| Q4 24 | $1.2M | $5.5M | ||
| Q3 24 | $1.3M | $3.3M | ||
| Q2 24 | $1.5M | $5.8M | ||
| Q1 24 | $1.7M | $5.5M |
股东权益CSVFARM
| Q4 25 | $254.8M | $35.7M | ||
| Q3 25 | $242.1M | $40.0M | ||
| Q2 25 | $235.4M | $43.5M | ||
| Q1 25 | $223.1M | $37.3M | ||
| Q4 24 | $208.6M | $41.5M | ||
| Q3 24 | $198.1M | $40.9M | ||
| Q2 24 | $187.9M | $45.5M | ||
| Q1 24 | $179.6M | $43.1M |
总资产CSVFARM
| Q4 25 | $1.3B | $151.4M | ||
| Q3 25 | $1.3B | $158.8M | ||
| Q2 25 | $1.3B | $161.2M | ||
| Q1 25 | $1.3B | $163.2M | ||
| Q4 24 | $1.3B | $179.1M | ||
| Q3 24 | $1.3B | $182.0M | ||
| Q2 24 | $1.3B | $185.2M | ||
| Q1 24 | $1.3B | $179.1M |
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 | $-786.0K |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-2.6M |
| 自由现金流率自由现金流/营收 | 5.9% | -2.9% |
| 资本支出强度资本支出/营收 | 7.5% | 2.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSVFARM
| Q4 25 | $14.1M | $-786.0K | ||
| Q3 25 | $24.7M | $-5.0M | ||
| Q2 25 | $8.1M | $9.7M | ||
| Q1 25 | $13.8M | $1.3M | ||
| Q4 24 | $9.3M | $2.6M | ||
| Q3 24 | $20.9M | $2.5M | ||
| Q2 24 | $2.2M | $-995.0K | ||
| Q1 24 | $19.7M | $-2.3M |
自由现金流CSVFARM
| Q4 25 | $6.2M | $-2.6M | ||
| Q3 25 | $18.0M | $-6.9M | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | $-684.0K | ||
| Q4 24 | $4.9M | $521.0K | ||
| Q3 24 | $16.2M | $-837.0K | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | $-5.7M |
自由现金流率CSVFARM
| Q4 25 | 5.9% | -2.9% | ||
| Q3 25 | 17.5% | -8.5% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | -0.8% | ||
| Q4 24 | 5.0% | 0.6% | ||
| Q3 24 | 16.1% | -1.0% | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | -6.7% |
资本支出强度CSVFARM
| Q4 25 | 7.5% | 2.1% | ||
| Q3 25 | 6.5% | 2.4% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | 2.4% | ||
| Q4 24 | 4.5% | 2.3% | ||
| Q3 24 | 4.6% | 3.9% | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | 4.0% |
现金转化率CSVFARM
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 12.16× | ||
| 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
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% |
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
