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CARRIAGE SERVICES INC（CSV）与INSTEEL INDUSTRIES INC（IIIN）财务数据对比。点击上方公司名可切换其他公司
INSTEEL INDUSTRIES INC的季度营收约是CARRIAGE SERVICES INC的1.5倍（$159.9M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 4.7%，领先6.9%），INSTEEL INDUSTRIES INC同比增速更快（23.3% vs 8.0%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-2.2M），过去两年INSTEEL INDUSTRIES INC的营收复合增速更高（12.0% 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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
CSV vs IIIN — 直观对比
营收规模更大
IIIN
是对方的1.5倍
$105.5M
营收增速更快
IIIN
高出15.3%
8.0%
净利率更高
CSV
高出6.9%
4.7%
自由现金流更多
CSV
多$8.4M
$-2.2M
两年增速更快
IIIN
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $159.9M |
| 净利润 | $12.3M | $7.6M |
| 毛利率 | 34.8% | 11.3% |
| 营业利润率 | 23.3% | 6.0% |
| 净利率 | 11.6% | 4.7% |
| 营收同比 | 8.0% | 23.3% |
| 净利润同比 | 24.5% | 602.4% |
| 每股收益（稀释后） | $0.76 | $0.39 |
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CSVIIIN
| Q4 25 | $105.5M | $159.9M | ||
| Q3 25 | $102.7M | $177.4M | ||
| Q2 25 | $102.1M | $179.9M | ||
| Q1 25 | $107.1M | $160.7M | ||
| Q4 24 | $97.7M | $129.7M | ||
| Q3 24 | $100.7M | $134.3M | ||
| Q2 24 | $102.3M | $145.8M | ||
| Q1 24 | $103.5M | $127.4M |
净利润CSVIIIN
| Q4 25 | $12.3M | $7.6M | ||
| Q3 25 | $6.6M | $14.6M | ||
| Q2 25 | $11.7M | $15.2M | ||
| Q1 25 | $20.9M | $10.2M | ||
| Q4 24 | $9.9M | $1.1M | ||
| Q3 24 | $9.9M | $4.7M | ||
| Q2 24 | $6.3M | $6.6M | ||
| Q1 24 | $7.0M | $6.9M |
毛利率CSVIIIN
| Q4 25 | 34.8% | 11.3% | ||
| Q3 25 | 35.3% | 16.1% | ||
| Q2 25 | 35.2% | 17.1% | ||
| Q1 25 | 35.3% | 15.3% | ||
| Q4 24 | 34.4% | 7.3% | ||
| Q3 24 | 35.2% | 9.1% | ||
| Q2 24 | 36.2% | 10.6% | ||
| Q1 24 | 36.0% | 12.3% |
营业利润率CSVIIIN
| Q4 25 | 23.3% | 6.0% | ||
| Q3 25 | 17.0% | 10.8% | ||
| Q2 25 | 23.5% | 11.0% | ||
| Q1 25 | 29.5% | 8.3% | ||
| Q4 24 | 21.6% | 1.1% | ||
| Q3 24 | 22.7% | 4.5% | ||
| Q2 24 | 18.0% | 6.0% | ||
| Q1 24 | 18.8% | 7.0% |
净利率CSVIIIN
| Q4 25 | 11.6% | 4.7% | ||
| Q3 25 | 6.4% | 8.2% | ||
| Q2 25 | 11.5% | 8.4% | ||
| Q1 25 | 19.5% | 6.4% | ||
| Q4 24 | 10.1% | 0.8% | ||
| Q3 24 | 9.8% | 3.5% | ||
| Q2 24 | 6.1% | 4.5% | ||
| Q1 24 | 6.7% | 5.4% |
每股收益（稀释后）CSVIIIN
| Q4 25 | $0.76 | $0.39 | ||
| Q3 25 | $0.41 | $0.74 | ||
| Q2 25 | $0.74 | $0.78 | ||
| Q1 25 | $1.34 | $0.52 | ||
| Q4 24 | $0.62 | $0.06 | ||
| Q3 24 | $0.63 | $0.24 | ||
| Q2 24 | $0.40 | $0.34 | ||
| Q1 24 | $0.45 | $0.35 |
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 | $15.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $358.8M |
| 总资产 | $1.3B | $456.1M |
| 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CSVIIIN
| Q4 25 | $1.7M | $15.6M | ||
| Q3 25 | $1.2M | $38.6M | ||
| Q2 25 | $1.4M | $53.7M | ||
| Q1 25 | $4.6M | $28.4M | ||
| Q4 24 | $1.2M | $36.0M | ||
| Q3 24 | $1.3M | $111.5M | ||
| Q2 24 | $1.5M | $97.7M | ||
| Q1 24 | $1.7M | $83.9M |
股东权益CSVIIIN
| Q4 25 | $254.8M | $358.8M | ||
| Q3 25 | $242.1M | $371.5M | ||
| Q2 25 | $235.4M | $356.2M | ||
| Q1 25 | $223.1M | $341.4M | ||
| Q4 24 | $208.6M | $331.6M | ||
| Q3 24 | $198.1M | $350.9M | ||
| Q2 24 | $187.9M | $346.0M | ||
| Q1 24 | $179.6M | $340.6M |
总资产CSVIIIN
| Q4 25 | $1.3B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.3B | $471.9M | ||
| Q1 25 | $1.3B | $421.9M | ||
| Q4 24 | $1.3B | $404.7M | ||
| Q3 24 | $1.3B | $422.6M | ||
| Q2 24 | $1.3B | $414.6M | ||
| Q1 24 | $1.3B | $397.2M |
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 | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-2.2M |
| 自由现金流率自由现金流/营收 | 5.9% | -1.4% |
| 资本支出强度资本支出/营收 | 7.5% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.15× | -0.09× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $439.0K |
8季度趋势，按日历期对齐
经营现金流CSVIIIN
| Q4 25 | $14.1M | $-701.0K | ||
| Q3 25 | $24.7M | $-17.0M | ||
| Q2 25 | $8.1M | $28.5M | ||
| Q1 25 | $13.8M | $-3.3M | ||
| Q4 24 | $9.3M | $19.0M | ||
| Q3 24 | $20.9M | $16.2M | ||
| Q2 24 | $2.2M | $18.8M | ||
| Q1 24 | $19.7M | $1.4M |
自由现金流CSVIIIN
| Q4 25 | $6.2M | $-2.2M | ||
| Q3 25 | $18.0M | $-18.7M | ||
| Q2 25 | $5.2M | $26.9M | ||
| Q1 25 | $10.6M | $-5.5M | ||
| Q4 24 | $4.9M | $16.3M | ||
| Q3 24 | $16.2M | $14.5M | ||
| Q2 24 | $-1.4M | $15.5M | ||
| Q1 24 | $16.2M | $-580.0K |
自由现金流率CSVIIIN
| Q4 25 | 5.9% | -1.4% | ||
| Q3 25 | 17.5% | -10.6% | ||
| Q2 25 | 5.1% | 15.0% | ||
| Q1 25 | 9.9% | -3.5% | ||
| Q4 24 | 5.0% | 12.6% | ||
| Q3 24 | 16.1% | 10.8% | ||
| Q2 24 | -1.4% | 10.7% | ||
| Q1 24 | 15.6% | -0.5% |
资本支出强度CSVIIIN
| Q4 25 | 7.5% | 0.9% | ||
| Q3 25 | 6.5% | 1.0% | ||
| Q2 25 | 2.8% | 0.9% | ||
| Q1 25 | 3.0% | 1.4% | ||
| Q4 24 | 4.5% | 2.1% | ||
| Q3 24 | 4.6% | 1.3% | ||
| Q2 24 | 3.5% | 2.2% | ||
| Q1 24 | 3.4% | 1.5% |
现金转化率CSVIIIN
| Q4 25 | 1.15× | -0.09× | ||
| Q3 25 | 3.76× | -1.17× | ||
| Q2 25 | 0.69× | 1.88× | ||
| Q1 25 | 0.66× | -0.32× | ||
| Q4 24 | 0.94× | 17.56× | ||
| Q3 24 | 2.11× | 3.48× | ||
| Q2 24 | 0.34× | 2.86× | ||
| Q1 24 | 2.83× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
