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CARRIAGE SERVICES INC（CSV）与GREENLIGHT CAPITAL RE, LTD.（GLRE）财务数据对比。点击上方公司名可切换其他公司
GREENLIGHT CAPITAL RE, LTD.的季度营收约是CARRIAGE SERVICES INC的2.0倍（$210.3M vs $105.5M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs 11.6%，领先11.8%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs 8.0%），过去两年GREENLIGHT CAPITAL RE, LTD.的营收复合增速更高（4.8% 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。
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
CSV vs GLRE — 直观对比
营收规模更大
GLRE
是对方的2.0倍
$105.5M
营收增速更快
GLRE
高出40.3%
8.0%
净利率更高
GLRE
高出11.8%
11.6%
两年增速更快
GLRE
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $210.3M |
| 净利润 | $12.3M | $49.3M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | — |
| 净利率 | 11.6% | 23.4% |
| 营收同比 | 8.0% | 48.3% |
| 净利润同比 | 24.5% | 279.7% |
| 每股收益（稀释后） | $0.76 | $1.43 |
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CSVGLRE
| Q4 25 | $105.5M | $210.3M | ||
| Q3 25 | $102.7M | $146.1M | ||
| Q2 25 | $102.1M | $160.1M | ||
| Q1 25 | $107.1M | $213.3M | ||
| Q4 24 | $97.7M | $141.8M | ||
| Q3 24 | $100.7M | $188.0M | ||
| Q2 24 | $102.3M | $174.9M | ||
| Q1 24 | $103.5M | $191.3M |
净利润CSVGLRE
| Q4 25 | $12.3M | $49.3M | ||
| Q3 25 | $6.6M | $-4.4M | ||
| Q2 25 | $11.7M | $329.0K | ||
| Q1 25 | $20.9M | $29.6M | ||
| Q4 24 | $9.9M | $-27.4M | ||
| Q3 24 | $9.9M | $35.2M | ||
| Q2 24 | $6.3M | $8.0M | ||
| Q1 24 | $7.0M | $27.0M |
毛利率CSVGLRE
| 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CSVGLRE
| Q4 25 | 23.3% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 18.8% | — |
净利率CSVGLRE
| Q4 25 | 11.6% | 23.4% | ||
| Q3 25 | 6.4% | -3.0% | ||
| Q2 25 | 11.5% | 0.2% | ||
| Q1 25 | 19.5% | 13.9% | ||
| Q4 24 | 10.1% | -19.3% | ||
| Q3 24 | 9.8% | 18.7% | ||
| Q2 24 | 6.1% | 4.6% | ||
| Q1 24 | 6.7% | 14.1% |
每股收益（稀释后）CSVGLRE
| Q4 25 | $0.76 | $1.43 | ||
| Q3 25 | $0.41 | $-0.13 | ||
| Q2 25 | $0.74 | $0.01 | ||
| Q1 25 | $1.34 | $0.86 | ||
| Q4 24 | $0.62 | $-0.78 | ||
| Q3 24 | $0.63 | $1.01 | ||
| Q2 24 | $0.40 | $0.23 | ||
| Q1 24 | $0.45 | $0.78 |
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 | $111.8M |
| 总债务越低越好 | — | $4.7M |
| 股东权益账面价值 | $254.8M | $708.0M |
| 总资产 | $1.3B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资CSVGLRE
| Q4 25 | $1.7M | $111.8M | ||
| Q3 25 | $1.2M | $68.8M | ||
| Q2 25 | $1.4M | $82.4M | ||
| Q1 25 | $4.6M | $47.5M | ||
| Q4 24 | $1.2M | $64.7M | ||
| Q3 24 | $1.3M | $54.6M | ||
| Q2 24 | $1.5M | $52.2M | ||
| Q1 24 | $1.7M | $61.6M |
总债务CSVGLRE
| Q4 25 | — | $4.7M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $58.9M | ||
| Q1 25 | — | $59.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | — | $62.6M | ||
| Q2 24 | — | $61.6M | ||
| Q1 24 | — | $72.5M |
股东权益CSVGLRE
| Q4 25 | $254.8M | $708.0M | ||
| Q3 25 | $242.1M | $658.9M | ||
| Q2 25 | $235.4M | $663.3M | ||
| Q1 25 | $223.1M | $666.8M | ||
| Q4 24 | $208.6M | $635.9M | ||
| Q3 24 | $198.1M | $663.4M | ||
| Q2 24 | $187.9M | $634.0M | ||
| Q1 24 | $179.6M | $624.5M |
总资产CSVGLRE
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.9B |
负债/权益比CSVGLRE
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.12× |
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 | $100.2M |
| 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× | 2.03× |
| 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CSVGLRE
| Q4 25 | $14.1M | $100.2M | ||
| Q3 25 | $24.7M | $31.2M | ||
| Q2 25 | $8.1M | $68.4M | ||
| Q1 25 | $13.8M | $10.4M | ||
| Q4 24 | $9.3M | $29.5M | ||
| Q3 24 | $20.9M | $41.3M | ||
| Q2 24 | $2.2M | $22.7M | ||
| Q1 24 | $19.7M | $18.0M |
自由现金流CSVGLRE
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | — |
自由现金流率CSVGLRE
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | — |
资本支出强度CSVGLRE
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | — |
现金转化率CSVGLRE
| Q4 25 | 1.15× | 2.03× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 208.02× | ||
| Q1 25 | 0.66× | 0.35× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 1.17× | ||
| Q2 24 | 0.34× | 2.85× | ||
| Q1 24 | 2.83× | 0.66× |
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% |
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
