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CARRIAGE SERVICES INC（CSV）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是CARRIAGE SERVICES INC的1.9倍（$204.1M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 8.9%，领先2.7%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -5.2%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
CSV vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.9倍
$105.5M
营收增速更快
CSV
高出13.1%
-5.2%
净利率更高
CSV
高出2.7%
8.9%
自由现金流更多
CSV
多$3.6M
$2.6M
两年增速更快
LCUT
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $204.1M |
| 净利润 | $12.3M | $18.2M |
| 毛利率 | 34.8% | 38.6% |
| 营业利润率 | 23.3% | 9.8% |
| 净利率 | 11.6% | 8.9% |
| 营收同比 | 8.0% | -5.2% |
| 净利润同比 | 24.5% | 103.5% |
| 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CSVLCUT
| Q4 25 | $105.5M | $204.1M | ||
| Q3 25 | $102.7M | $171.9M | ||
| Q2 25 | $102.1M | $131.9M | ||
| Q1 25 | $107.1M | $140.1M | ||
| Q4 24 | $97.7M | $215.2M | ||
| Q3 24 | $100.7M | $183.8M | ||
| Q2 24 | $102.3M | $141.7M | ||
| Q1 24 | $103.5M | $142.2M |
净利润CSVLCUT
| Q4 25 | $12.3M | $18.2M | ||
| Q3 25 | $6.6M | $-1.2M | ||
| Q2 25 | $11.7M | $-39.7M | ||
| Q1 25 | $20.9M | $-4.2M | ||
| Q4 24 | $9.9M | $8.9M | ||
| Q3 24 | $9.9M | $344.0K | ||
| Q2 24 | $6.3M | $-18.2M | ||
| Q1 24 | $7.0M | $-6.3M |
毛利率CSVLCUT
| Q4 25 | 34.8% | 38.6% | ||
| Q3 25 | 35.3% | 35.1% | ||
| Q2 25 | 35.2% | 38.6% | ||
| Q1 25 | 35.3% | 36.1% | ||
| Q4 24 | 34.4% | 37.7% | ||
| Q3 24 | 35.2% | 36.7% | ||
| Q2 24 | 36.2% | 38.5% | ||
| Q1 24 | 36.0% | 40.5% |
营业利润率CSVLCUT
| Q4 25 | 23.3% | 9.8% | ||
| Q3 25 | 17.0% | 3.9% | ||
| Q2 25 | 23.5% | -28.2% | ||
| Q1 25 | 29.5% | 0.8% | ||
| Q4 24 | 21.6% | 7.2% | ||
| Q3 24 | 22.7% | 4.7% | ||
| Q2 24 | 18.0% | 0.8% | ||
| Q1 24 | 18.8% | 1.3% |
净利率CSVLCUT
| Q4 25 | 11.6% | 8.9% | ||
| Q3 25 | 6.4% | -0.7% | ||
| Q2 25 | 11.5% | -30.1% | ||
| Q1 25 | 19.5% | -3.0% | ||
| Q4 24 | 10.1% | 4.1% | ||
| Q3 24 | 9.8% | 0.2% | ||
| Q2 24 | 6.1% | -12.8% | ||
| Q1 24 | 6.7% | -4.4% |
每股收益（稀释后）CSVLCUT
| Q4 25 | $0.76 | $0.83 | ||
| Q3 25 | $0.41 | $-0.05 | ||
| Q2 25 | $0.74 | $-1.83 | ||
| Q1 25 | $1.34 | $-0.19 | ||
| Q4 24 | $0.62 | $0.41 | ||
| Q3 24 | $0.63 | $0.02 | ||
| Q2 24 | $0.40 | $-0.85 | ||
| Q1 24 | $0.45 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $254.8M | $202.3M |
| 总资产 | $1.3B | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CSVLCUT
| Q4 25 | $1.7M | $4.3M | ||
| Q3 25 | $1.2M | $12.1M | ||
| Q2 25 | $1.4M | $12.0M | ||
| Q1 25 | $4.6M | $10.4M | ||
| Q4 24 | $1.2M | $2.9M | ||
| Q3 24 | $1.3M | $6.0M | ||
| Q2 24 | $1.5M | $3.4M | ||
| Q1 24 | $1.7M | $4.6M |
总债务CSVLCUT
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSVLCUT
| Q4 25 | $254.8M | $202.3M | ||
| Q3 25 | $242.1M | $184.6M | ||
| Q2 25 | $235.4M | $185.8M | ||
| Q1 25 | $223.1M | $225.7M | ||
| Q4 24 | $208.6M | $229.9M | ||
| Q3 24 | $198.1M | $220.9M | ||
| Q2 24 | $187.9M | $219.8M | ||
| Q1 24 | $179.6M | $223.7M |
总资产CSVLCUT
| Q4 25 | $1.3B | $572.6M | ||
| Q3 25 | $1.3B | $581.1M | ||
| Q2 25 | $1.3B | $551.9M | ||
| Q1 25 | $1.3B | $594.6M | ||
| Q4 24 | $1.3B | $634.3M | ||
| Q3 24 | $1.3B | $668.7M | ||
| Q2 24 | $1.3B | $617.0M | ||
| Q1 24 | $1.3B | $602.7M |
负债/权益比CSVLCUT
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $2.6M |
| 自由现金流率自由现金流/营收 | 5.9% | 1.3% |
| 资本支出强度资本支出/营收 | 7.5% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $3.3M |
8季度趋势，按日历期对齐
经营现金流CSVLCUT
| Q4 25 | $14.1M | $3.7M | ||
| Q3 25 | $24.7M | $-22.2M | ||
| Q2 25 | $8.1M | $9.3M | ||
| Q1 25 | $13.8M | $16.7M | ||
| Q4 24 | $9.3M | $20.3M | ||
| Q3 24 | $20.9M | $-22.7M | ||
| Q2 24 | $2.2M | $10.4M | ||
| Q1 24 | $19.7M | $10.5M |
自由现金流CSVLCUT
| Q4 25 | $6.2M | $2.6M | ||
| Q3 25 | $18.0M | $-22.7M | ||
| Q2 25 | $5.2M | $8.2M | ||
| Q1 25 | $10.6M | $15.1M | ||
| Q4 24 | $4.9M | $19.7M | ||
| Q3 24 | $16.2M | $-23.2M | ||
| Q2 24 | $-1.4M | $9.9M | ||
| Q1 24 | $16.2M | $9.9M |
自由现金流率CSVLCUT
| Q4 25 | 5.9% | 1.3% | ||
| Q3 25 | 17.5% | -13.2% | ||
| Q2 25 | 5.1% | 6.2% | ||
| Q1 25 | 9.9% | 10.8% | ||
| Q4 24 | 5.0% | 9.1% | ||
| Q3 24 | 16.1% | -12.6% | ||
| Q2 24 | -1.4% | 7.0% | ||
| Q1 24 | 15.6% | 7.0% |
资本支出强度CSVLCUT
| Q4 25 | 7.5% | 0.6% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 2.8% | 0.9% | ||
| Q1 25 | 3.0% | 1.1% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 3.5% | 0.4% | ||
| Q1 24 | 3.4% | 0.4% |
现金转化率CSVLCUT
| Q4 25 | 1.15× | 0.21× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 2.28× | ||
| Q3 24 | 2.11× | -65.89× | ||
| 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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
