vs
CARRIAGE SERVICES INC（CSV）与Globalstar, Inc.（GSAT）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Globalstar, Inc.的1.5倍（$105.5M vs $72.0M），CARRIAGE SERVICES INC净利率更高（11.6% vs -16.1%，领先27.8%），Globalstar, Inc.同比增速更快（17.6% vs 8.0%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% 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。
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
CSV vs GSAT — 直观对比
营收规模更大
CSV
是对方的1.5倍
$72.0M
营收增速更快
GSAT
高出9.7%
8.0%
净利率更高
CSV
高出27.8%
-16.1%
两年增速更快
GSAT
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $72.0M |
| 净利润 | $12.3M | $-11.6M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | -0.5% |
| 净利率 | 11.6% | -16.1% |
| 营收同比 | 8.0% | 17.6% |
| 净利润同比 | 24.5% | 76.9% |
| 每股收益（稀释后） | $0.76 | $-0.11 |
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CSVGSAT
| Q4 25 | $105.5M | $72.0M | ||
| Q3 25 | $102.7M | $73.8M | ||
| Q2 25 | $102.1M | $67.1M | ||
| Q1 25 | $107.1M | $60.0M | ||
| Q4 24 | $97.7M | $61.2M | ||
| Q3 24 | $100.7M | $72.3M | ||
| Q2 24 | $102.3M | $60.4M | ||
| Q1 24 | $103.5M | $56.5M |
净利润CSVGSAT
| Q4 25 | $12.3M | $-11.6M | ||
| Q3 25 | $6.6M | $1.1M | ||
| Q2 25 | $11.7M | $19.2M | ||
| Q1 25 | $20.9M | $-17.3M | ||
| Q4 24 | $9.9M | $-50.2M | ||
| Q3 24 | $9.9M | $9.9M | ||
| Q2 24 | $6.3M | $-9.7M | ||
| Q1 24 | $7.0M | $-13.2M |
毛利率CSVGSAT
| 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CSVGSAT
| Q4 25 | 23.3% | -0.5% | ||
| Q3 25 | 17.0% | 13.8% | ||
| Q2 25 | 23.5% | 9.2% | ||
| Q1 25 | 29.5% | -14.2% | ||
| Q4 24 | 21.6% | -6.9% | ||
| Q3 24 | 22.7% | 13.0% | ||
| Q2 24 | 18.0% | -2.4% | ||
| Q1 24 | 18.8% | -8.3% |
净利率CSVGSAT
| Q4 25 | 11.6% | -16.1% | ||
| Q3 25 | 6.4% | 1.5% | ||
| Q2 25 | 11.5% | 28.6% | ||
| Q1 25 | 19.5% | -28.9% | ||
| Q4 24 | 10.1% | -82.1% | ||
| Q3 24 | 9.8% | 13.7% | ||
| Q2 24 | 6.1% | -16.0% | ||
| Q1 24 | 6.7% | -23.4% |
每股收益（稀释后）CSVGSAT
| Q4 25 | $0.76 | $-0.11 | ||
| Q3 25 | $0.41 | $-0.01 | ||
| Q2 25 | $0.74 | $0.13 | ||
| Q1 25 | $1.34 | $-0.16 | ||
| Q4 24 | $0.62 | $-0.57 | ||
| Q3 24 | $0.63 | $0.00 | ||
| Q2 24 | $0.40 | $-0.01 | ||
| Q1 24 | $0.45 | $-0.01 |
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 | $447.5M |
| 总债务越低越好 | — | $483.8M |
| 股东权益账面价值 | $254.8M | $355.7M |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资CSVGSAT
| Q4 25 | $1.7M | $447.5M | ||
| Q3 25 | $1.2M | $346.3M | ||
| Q2 25 | $1.4M | $308.2M | ||
| Q1 25 | $4.6M | $241.4M | ||
| Q4 24 | $1.2M | $391.2M | ||
| Q3 24 | $1.3M | $51.9M | ||
| Q2 24 | $1.5M | $64.3M | ||
| Q1 24 | $1.7M | $59.3M |
总债务CSVGSAT
| Q4 25 | — | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
股东权益CSVGSAT
| Q4 25 | $254.8M | $355.7M | ||
| Q3 25 | $242.1M | $364.8M | ||
| Q2 25 | $235.4M | $360.9M | ||
| Q1 25 | $223.1M | $344.3M | ||
| Q4 24 | $208.6M | $358.9M | ||
| Q3 24 | $198.1M | $394.1M | ||
| Q2 24 | $187.9M | $383.0M | ||
| Q1 24 | $179.6M | $377.1M |
总资产CSVGSAT
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $917.6M | ||
| Q2 24 | $1.3B | $926.2M | ||
| Q1 24 | $1.3B | $917.0M |
负债/权益比CSVGSAT
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $175.9M |
| 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CSVGSAT
| Q4 25 | $14.1M | $175.9M | ||
| Q3 25 | $24.7M | $236.0M | ||
| Q2 25 | $8.1M | $157.9M | ||
| Q1 25 | $13.8M | $51.9M | ||
| Q4 24 | $9.3M | $340.7M | ||
| Q3 24 | $20.9M | $32.0M | ||
| Q2 24 | $2.2M | $36.7M | ||
| Q1 24 | $19.7M | $29.8M |
自由现金流CSVGSAT
| 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CSVGSAT
| 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CSVGSAT
| 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CSVGSAT
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 216.53× | ||
| Q2 25 | 0.69× | 8.22× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 3.23× | ||
| 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% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
