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CARRIAGE SERVICES INC（CSV）与NLIGHT, INC.（LASR）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NLIGHT, INC.的1.3倍（$105.5M vs $80.2M），CARRIAGE SERVICES INC净利率更高（11.6% vs 0.8%，领先10.8%），NLIGHT, INC.同比增速更快（55.2% vs 8.0%），过去两年NLIGHT, INC.的营收复合增速更高（26.0% 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。
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
CSV vs LASR — 直观对比
营收规模更大
CSV
是对方的1.3倍
$80.2M
营收增速更快
LASR
高出47.2%
8.0%
净利率更高
CSV
高出10.8%
0.8%
两年增速更快
LASR
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $80.2M |
| 净利润 | $12.3M | $645.0K |
| 毛利率 | 34.8% | 33.1% |
| 营业利润率 | 23.3% | 66.0% |
| 净利率 | 11.6% | 0.8% |
| 营收同比 | 8.0% | 55.2% |
| 净利润同比 | 24.5% | — |
| 每股收益（稀释后） | $0.76 | $0.01 |
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CSVLASR
| Q1 26 | — | $80.2M | ||
| Q4 25 | $105.5M | $81.2M | ||
| Q3 25 | $102.7M | $66.7M | ||
| Q2 25 | $102.1M | $61.7M | ||
| Q1 25 | $107.1M | $51.7M | ||
| Q4 24 | $97.7M | $47.4M | ||
| Q3 24 | $100.7M | $56.1M | ||
| Q2 24 | $102.3M | $50.5M |
净利润CSVLASR
| Q1 26 | — | $645.0K | ||
| Q4 25 | $12.3M | $-4.9M | ||
| Q3 25 | $6.6M | $-6.9M | ||
| Q2 25 | $11.7M | $-3.6M | ||
| Q1 25 | $20.9M | $-8.1M | ||
| Q4 24 | $9.9M | $-25.0M | ||
| Q3 24 | $9.9M | $-10.3M | ||
| Q2 24 | $6.3M | $-11.7M |
毛利率CSVLASR
| Q1 26 | — | 33.1% | ||
| Q4 25 | 34.8% | 30.7% | ||
| Q3 25 | 35.3% | 31.1% | ||
| Q2 25 | 35.2% | 29.9% | ||
| Q1 25 | 35.3% | 26.7% | ||
| Q4 24 | 34.4% | 2.4% | ||
| Q3 24 | 35.2% | 22.4% | ||
| Q2 24 | 36.2% | 23.5% |
营业利润率CSVLASR
| Q1 26 | — | 66.0% | ||
| Q4 25 | 23.3% | -6.7% | ||
| Q3 25 | 17.0% | -10.9% | ||
| Q2 25 | 23.5% | -6.9% | ||
| Q1 25 | 29.5% | -18.6% | ||
| Q4 24 | 21.6% | -55.8% | ||
| Q3 24 | 22.7% | -21.0% | ||
| Q2 24 | 18.0% | -25.1% |
净利率CSVLASR
| Q1 26 | — | 0.8% | ||
| Q4 25 | 11.6% | -6.0% | ||
| Q3 25 | 6.4% | -10.3% | ||
| Q2 25 | 11.5% | -5.8% | ||
| Q1 25 | 19.5% | -15.7% | ||
| Q4 24 | 10.1% | -52.7% | ||
| Q3 24 | 9.8% | -18.4% | ||
| Q2 24 | 6.1% | -23.2% |
每股收益（稀释后）CSVLASR
| Q1 26 | — | $0.01 | ||
| Q4 25 | $0.76 | $-0.10 | ||
| Q3 25 | $0.41 | $-0.14 | ||
| Q2 25 | $0.74 | $-0.07 | ||
| Q1 25 | $1.34 | $-0.16 | ||
| Q4 24 | $0.62 | $-0.52 | ||
| Q3 24 | $0.63 | $-0.21 | ||
| Q2 24 | $0.40 | $-0.25 |
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 | $298.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $429.2M |
| 总资产 | $1.3B | $515.7M |
| 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CSVLASR
| Q1 26 | — | $298.2M | ||
| Q4 25 | $1.7M | $98.7M | ||
| Q3 25 | $1.2M | $81.1M | ||
| Q2 25 | $1.4M | $78.8M | ||
| Q1 25 | $4.6M | $82.2M | ||
| Q4 24 | $1.2M | $65.8M | ||
| Q3 24 | $1.3M | $41.5M | ||
| Q2 24 | $1.5M | $49.4M |
股东权益CSVLASR
| Q1 26 | — | $429.2M | ||
| Q4 25 | $254.8M | $226.7M | ||
| Q3 25 | $242.1M | $218.5M | ||
| Q2 25 | $235.4M | $216.0M | ||
| Q1 25 | $223.1M | $212.8M | ||
| Q4 24 | $208.6M | $216.4M | ||
| Q3 24 | $198.1M | $235.3M | ||
| Q2 24 | $187.9M | $239.5M |
总资产CSVLASR
| Q1 26 | — | $515.7M | ||
| Q4 25 | $1.3B | $315.2M | ||
| Q3 25 | $1.3B | $298.7M | ||
| Q2 25 | $1.3B | $295.3M | ||
| Q1 25 | $1.3B | $290.0M | ||
| Q4 24 | $1.3B | $270.2M | ||
| Q3 24 | $1.3B | $291.3M | ||
| Q2 24 | $1.3B | $294.3M |
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 | — |
| 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CSVLASR
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $17.5M | ||
| Q3 25 | $24.7M | $5.2M | ||
| Q2 25 | $8.1M | $-1.4M | ||
| Q1 25 | $13.8M | $-20.0K | ||
| Q4 24 | $9.3M | $-3.9M | ||
| Q3 24 | $20.9M | $-5.6M | ||
| Q2 24 | $2.2M | $-4.2M |
自由现金流CSVLASR
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $15.9M | ||
| Q3 25 | $18.0M | $2.4M | ||
| Q2 25 | $5.2M | $-3.8M | ||
| Q1 25 | $10.6M | $-2.3M | ||
| Q4 24 | $4.9M | $-6.5M | ||
| Q3 24 | $16.2M | $-7.2M | ||
| Q2 24 | $-1.4M | $-6.4M |
自由现金流率CSVLASR
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 19.6% | ||
| Q3 25 | 17.5% | 3.7% | ||
| Q2 25 | 5.1% | -6.1% | ||
| Q1 25 | 9.9% | -4.5% | ||
| Q4 24 | 5.0% | -13.7% | ||
| Q3 24 | 16.1% | -12.9% | ||
| Q2 24 | -1.4% | -12.6% |
资本支出强度CSVLASR
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 2.0% | ||
| Q3 25 | 6.5% | 4.2% | ||
| Q2 25 | 2.8% | 3.9% | ||
| Q1 25 | 3.0% | 4.4% | ||
| Q4 24 | 4.5% | 5.5% | ||
| Q3 24 | 4.6% | 2.9% | ||
| Q2 24 | 3.5% | 4.2% |
现金转化率CSVLASR
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — |
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% |
LASR
| Products | $58.2M | 73% |
| Development | $22.0M | 27% |
