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CARRIAGE SERVICES INC（CSV）与IBEX Ltd（IBEX）财务数据对比。点击上方公司名可切换其他公司
IBEX Ltd的季度营收约是CARRIAGE SERVICES INC的1.6倍（$164.2M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 7.4%，领先4.2%），IBEX Ltd同比增速更快（16.7% vs 8.0%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-5.1M），过去两年IBEX Ltd的营收复合增速更高（13.8% 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。
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
CSV vs IBEX — 直观对比
营收规模更大
IBEX
是对方的1.6倍
$105.5M
营收增速更快
IBEX
高出8.8%
8.0%
净利率更高
CSV
高出4.2%
7.4%
自由现金流更多
CSV
多$11.3M
$-5.1M
两年增速更快
IBEX
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $164.2M |
| 净利润 | $12.3M | $12.2M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 9.3% |
| 净利率 | 11.6% | 7.4% |
| 营收同比 | 8.0% | 16.7% |
| 净利润同比 | 24.5% | 31.8% |
| 每股收益（稀释后） | $0.76 | $0.83 |
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CSVIBEX
| Q4 25 | $105.5M | $164.2M | ||
| Q3 25 | $102.7M | $151.2M | ||
| Q2 25 | $102.1M | $147.1M | ||
| Q1 25 | $107.1M | $140.7M | ||
| Q4 24 | $97.7M | $140.7M | ||
| Q3 24 | $100.7M | $129.7M | ||
| Q2 24 | $102.3M | $124.5M | ||
| Q1 24 | $103.5M | $126.8M |
净利润CSVIBEX
| Q4 25 | $12.3M | $12.2M | ||
| Q3 25 | $6.6M | $12.0M | ||
| Q2 25 | $11.7M | $9.6M | ||
| Q1 25 | $20.9M | $10.5M | ||
| Q4 24 | $9.9M | $9.3M | ||
| Q3 24 | $9.9M | $7.5M | ||
| Q2 24 | $6.3M | $9.8M | ||
| Q1 24 | $7.0M | $10.3M |
毛利率CSVIBEX
| 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CSVIBEX
| Q4 25 | 23.3% | 9.3% | ||
| Q3 25 | 17.0% | 9.1% | ||
| Q2 25 | 23.5% | 8.3% | ||
| Q1 25 | 29.5% | 9.5% | ||
| Q4 24 | 21.6% | 8.5% | ||
| Q3 24 | 22.7% | 7.0% | ||
| Q2 24 | 18.0% | 10.3% | ||
| Q1 24 | 18.8% | 8.9% |
净利率CSVIBEX
| Q4 25 | 11.6% | 7.4% | ||
| Q3 25 | 6.4% | 8.0% | ||
| Q2 25 | 11.5% | 6.5% | ||
| Q1 25 | 19.5% | 7.4% | ||
| Q4 24 | 10.1% | 6.6% | ||
| Q3 24 | 9.8% | 5.8% | ||
| Q2 24 | 6.1% | 7.9% | ||
| Q1 24 | 6.7% | 8.1% |
每股收益（稀释后）CSVIBEX
| Q4 25 | $0.76 | $0.83 | ||
| Q3 25 | $0.41 | $0.82 | ||
| Q2 25 | $0.74 | $0.63 | ||
| Q1 25 | $1.34 | $0.73 | ||
| Q4 24 | $0.62 | $0.57 | ||
| Q3 24 | $0.63 | $0.43 | ||
| Q2 24 | $0.40 | $0.55 | ||
| Q1 24 | $0.45 | $0.57 |
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 | $15.5M |
| 总债务越低越好 | — | $594.0K |
| 股东权益账面价值 | $254.8M | $154.5M |
| 总资产 | $1.3B | $295.8M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CSVIBEX
| Q4 25 | $1.7M | $15.5M | ||
| Q3 25 | $1.2M | $22.7M | ||
| Q2 25 | $1.4M | $15.3M | ||
| Q1 25 | $4.6M | $13.0M | ||
| Q4 24 | $1.2M | $20.2M | ||
| Q3 24 | $1.3M | $62.3M | ||
| Q2 24 | $1.5M | $62.7M | ||
| Q1 24 | $1.7M | $50.7M |
总债务CSVIBEX
| Q4 25 | — | $594.0K | ||
| Q3 25 | — | $726.0K | ||
| Q2 25 | — | $796.0K | ||
| Q1 25 | — | $735.0K | ||
| Q4 24 | — | $695.0K | ||
| Q3 24 | — | $802.0K | ||
| Q2 24 | — | $867.0K | ||
| Q1 24 | — | $820.0K |
股东权益CSVIBEX
| Q4 25 | $254.8M | $154.5M | ||
| Q3 25 | $242.1M | $143.6M | ||
| Q2 25 | $235.4M | $134.3M | ||
| Q1 25 | $223.1M | $124.2M | ||
| Q4 24 | $208.6M | $108.9M | ||
| Q3 24 | $198.1M | $171.1M | ||
| Q2 24 | $187.9M | $165.8M | ||
| Q1 24 | $179.6M | $159.3M |
总资产CSVIBEX
| Q4 25 | $1.3B | $295.8M | ||
| Q3 25 | $1.3B | $283.9M | ||
| Q2 25 | $1.3B | $273.2M | ||
| Q1 25 | $1.3B | $274.7M | ||
| Q4 24 | $1.3B | $272.5M | ||
| Q3 24 | $1.3B | $306.3M | ||
| Q2 24 | $1.3B | $293.9M | ||
| Q1 24 | $1.3B | $289.6M |
负债/权益比CSVIBEX
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.01× |
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 | $6.6M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-5.1M |
| 自由现金流率自由现金流/营收 | 5.9% | -3.1% |
| 资本支出强度资本支出/营收 | 7.5% | 7.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $29.3M |
8季度趋势，按日历期对齐
经营现金流CSVIBEX
| Q4 25 | $14.1M | $6.6M | ||
| Q3 25 | $24.7M | $15.7M | ||
| Q2 25 | $8.1M | $27.9M | ||
| Q1 25 | $13.8M | $8.8M | ||
| Q4 24 | $9.3M | $1.1M | ||
| Q3 24 | $20.9M | $7.8M | ||
| Q2 24 | $2.2M | $17.4M | ||
| Q1 24 | $19.7M | $11.4M |
自由现金流CSVIBEX
| Q4 25 | $6.2M | $-5.1M | ||
| Q3 25 | $18.0M | $8.0M | ||
| Q2 25 | $5.2M | $22.8M | ||
| Q1 25 | $10.6M | $3.6M | ||
| Q4 24 | $4.9M | $-3.2M | ||
| Q3 24 | $16.2M | $4.1M | ||
| Q2 24 | $-1.4M | $15.2M | ||
| Q1 24 | $16.2M | $9.7M |
自由现金流率CSVIBEX
| Q4 25 | 5.9% | -3.1% | ||
| Q3 25 | 17.5% | 5.3% | ||
| Q2 25 | 5.1% | 15.5% | ||
| Q1 25 | 9.9% | 2.5% | ||
| Q4 24 | 5.0% | -2.3% | ||
| Q3 24 | 16.1% | 3.2% | ||
| Q2 24 | -1.4% | 12.2% | ||
| Q1 24 | 15.6% | 7.7% |
资本支出强度CSVIBEX
| Q4 25 | 7.5% | 7.1% | ||
| Q3 25 | 6.5% | 5.1% | ||
| Q2 25 | 2.8% | 3.5% | ||
| Q1 25 | 3.0% | 3.7% | ||
| Q4 24 | 4.5% | 3.1% | ||
| Q3 24 | 4.6% | 2.8% | ||
| Q2 24 | 3.5% | 1.8% | ||
| Q1 24 | 3.4% | 1.3% |
现金转化率CSVIBEX
| Q4 25 | 1.15× | 0.54× | ||
| Q3 25 | 3.76× | 1.30× | ||
| Q2 25 | 0.69× | 2.91× | ||
| Q1 25 | 0.66× | 0.84× | ||
| Q4 24 | 0.94× | 0.12× | ||
| Q3 24 | 2.11× | 1.03× | ||
| Q2 24 | 0.34× | 1.77× | ||
| Q1 24 | 2.83× | 1.11× |
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% |
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
