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CARRIAGE SERVICES INC（CSV）与H&R BLOCK INC（HRB）财务数据对比。点击上方公司名可切换其他公司
H&R BLOCK INC的季度营收约是CARRIAGE SERVICES INC的1.9倍（$198.9M vs $105.5M）。CARRIAGE SERVICES INC净利率更高（11.6% vs -121.8%，领先133.4%）。H&R BLOCK INC同比增速更快（11.1% vs 8.0%）。CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-649.5M）。过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -69.8%）
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。
H&R Block是美国知名税务服务企业，1955年由亨利·布洛克与理查德·布洛克兄弟在密苏里州堪萨斯城创立，目前业务范围覆盖美国、加拿大、澳大利亚三地，为个人及企业客户提供专业的税务申报、咨询等相关服务，在行业内拥有较高知名度。
CSV vs HRB — 直观对比
营收规模更大
HRB
是对方的1.9倍
$105.5M
营收增速更快
HRB
高出3.1%
8.0%
净利率更高
CSV
高出133.4%
-121.8%
自由现金流更多
CSV
多$655.7M
$-649.5M
两年增速更快
CSV
近两年复合增速
-69.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $198.9M |
| 净利润 | $12.3M | $-242.2M |
| 毛利率 | 34.8% | -70.9% |
| 营业利润率 | 23.3% | -160.5% |
| 净利率 | 11.6% | -121.8% |
| 营收同比 | 8.0% | 11.1% |
| 净利润同比 | 24.5% | 0.5% |
| 每股收益（稀释后） | $0.76 | — |
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CSVHRB
| Q4 25 | $105.5M | $198.9M | ||
| Q3 25 | $102.7M | $203.6M | ||
| Q2 25 | $102.1M | $1.1B | ||
| Q1 25 | $107.1M | $2.3B | ||
| Q4 24 | $97.7M | $179.1M | ||
| Q3 24 | $100.7M | $193.8M | ||
| Q2 24 | $102.3M | $1.1B | ||
| Q1 24 | $103.5M | $2.2B |
净利润CSVHRB
| Q4 25 | $12.3M | $-242.2M | ||
| Q3 25 | $6.6M | $-165.8M | ||
| Q2 25 | $11.7M | $299.4M | ||
| Q1 25 | $20.9M | $722.3M | ||
| Q4 24 | $9.9M | $-243.4M | ||
| Q3 24 | $9.9M | $-172.6M | ||
| Q2 24 | $6.3M | $257.8M | ||
| Q1 24 | $7.0M | $690.7M |
毛利率CSVHRB
| Q4 25 | 34.8% | -70.9% | ||
| Q3 25 | 35.3% | -34.6% | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | 35.3% | 57.4% | ||
| Q4 24 | 34.4% | -75.5% | ||
| Q3 24 | 35.2% | -39.1% | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 36.0% | 57.6% |
营业利润率CSVHRB
| Q4 25 | 23.3% | -160.5% | ||
| Q3 25 | 17.0% | -106.3% | ||
| Q2 25 | 23.5% | 33.1% | ||
| Q1 25 | 29.5% | 42.1% | ||
| Q4 24 | 21.6% | -174.4% | ||
| Q3 24 | 22.7% | -119.8% | ||
| Q2 24 | 18.0% | 33.0% | ||
| Q1 24 | 18.8% | 41.5% |
净利率CSVHRB
| Q4 25 | 11.6% | -121.8% | ||
| Q3 25 | 6.4% | -81.5% | ||
| Q2 25 | 11.5% | 27.0% | ||
| Q1 25 | 19.5% | 31.7% | ||
| Q4 24 | 10.1% | -135.9% | ||
| Q3 24 | 9.8% | -89.0% | ||
| Q2 24 | 6.1% | 24.3% | ||
| Q1 24 | 6.7% | 31.6% |
每股收益（稀释后）CSVHRB
| Q4 25 | $0.76 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.74 | — | ||
| Q1 25 | $1.34 | $5.31 | ||
| Q4 24 | $0.62 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.45 | $4.86 |
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 | $349.2M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $254.8M | $-823.1M |
| 总资产 | $1.3B | $2.9B |
| 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CSVHRB
| Q4 25 | $1.7M | $349.2M | ||
| Q3 25 | $1.2M | $376.4M | ||
| Q2 25 | $1.4M | $983.3M | ||
| Q1 25 | $4.6M | $772.9M | ||
| Q4 24 | $1.2M | $320.1M | ||
| Q3 24 | $1.3M | $415.9M | ||
| Q2 24 | $1.5M | $1.1B | ||
| Q1 24 | $1.7M | $794.6M |
总债务CSVHRB
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益CSVHRB
| Q4 25 | $254.8M | $-823.1M | ||
| Q3 25 | $242.1M | $-550.9M | ||
| Q2 25 | $235.4M | $88.9M | ||
| Q1 25 | $223.1M | $-192.8M | ||
| Q4 24 | $208.6M | $-872.5M | ||
| Q3 24 | $198.1M | $-368.1M | ||
| Q2 24 | $187.9M | $90.6M | ||
| Q1 24 | $179.6M | $-129.8M |
总资产CSVHRB
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.3B | $3.2B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.3B | $3.2B | ||
| Q1 24 | $1.3B | $3.2B |
负债/权益比CSVHRB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 12.86× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 16.46× | ||
| Q1 24 | — | — |
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 | $-614.0M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-649.5M |
| 自由现金流率自由现金流/营收 | 5.9% | -326.6% |
| 资本支出强度资本支出/营收 | 7.5% | 17.9% |
| 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 | $524.1M |
8季度趋势，按日历期对齐
经营现金流CSVHRB
| Q4 25 | $14.1M | $-614.0M | ||
| Q3 25 | $24.7M | $-356.8M | ||
| Q2 25 | $8.1M | $251.6M | ||
| Q1 25 | $13.8M | $1.3B | ||
| Q4 24 | $9.3M | $-567.1M | ||
| Q3 24 | $20.9M | $-328.6M | ||
| Q2 24 | $2.2M | $300.6M | ||
| Q1 24 | $19.7M | $1.4B |
自由现金流CSVHRB
| Q4 25 | $6.2M | $-649.5M | ||
| Q3 25 | $18.0M | $-370.0M | ||
| Q2 25 | $5.2M | $241.3M | ||
| Q1 25 | $10.6M | $1.3B | ||
| Q4 24 | $4.9M | $-597.4M | ||
| Q3 24 | $16.2M | $-347.3M | ||
| Q2 24 | $-1.4M | $290.7M | ||
| Q1 24 | $16.2M | $1.3B |
自由现金流率CSVHRB
| Q4 25 | 5.9% | -326.6% | ||
| Q3 25 | 17.5% | -181.8% | ||
| Q2 25 | 5.1% | 21.7% | ||
| Q1 25 | 9.9% | 57.2% | ||
| Q4 24 | 5.0% | -333.6% | ||
| Q3 24 | 16.1% | -179.2% | ||
| Q2 24 | -1.4% | 27.4% | ||
| Q1 24 | 15.6% | 61.4% |
资本支出强度CSVHRB
| Q4 25 | 7.5% | 17.9% | ||
| Q3 25 | 6.5% | 6.5% | ||
| Q2 25 | 2.8% | 0.9% | ||
| Q1 25 | 3.0% | 1.0% | ||
| Q4 24 | 4.5% | 17.0% | ||
| Q3 24 | 4.6% | 9.7% | ||
| Q2 24 | 3.5% | 0.9% | ||
| Q1 24 | 3.4% | 1.0% |
现金转化率CSVHRB
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 0.84× | ||
| Q1 25 | 0.66× | 1.83× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | 1.17× | ||
| Q1 24 | 2.83× | 1.97× |
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% |
HRB
| Tax Preparation Fees | $55.9M | 28% |
| Other | $33.3M | 17% |
| Royalty | $31.1M | 16% |
| Wave HQ Inc. | $29.8M | 15% |
| DIY Tax Preparation Fees | $16.8M | 8% |
| Interestand Fee Incomeon Emerald Advance | $13.4M | 7% |
| Feesfrom Emerald Card | $9.1M | 5% |
| Royalties | $5.1M | 3% |
| Tax Identity Shield | $4.2M | 2% |
