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CARRIAGE SERVICES INC（CSV）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是CARRIAGE SERVICES INC的1.8倍（$193.5M vs $105.5M），CARRIAGE SERVICES INC同比增速更快（8.0% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $6.2M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
CSV vs MCS — 直观对比
营收规模更大
MCS
是对方的1.8倍
$105.5M
营收增速更快
CSV
高出5.2%
2.8%
自由现金流更多
MCS
多$20.2M
$6.2M
两年增速更快
MCS
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $193.5M |
| 净利润 | $12.3M | — |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 0.9% |
| 净利率 | 11.6% | — |
| 营收同比 | 8.0% | 2.8% |
| 净利润同比 | 24.5% | — |
| 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CSVMCS
| Q4 25 | $105.5M | $193.5M | ||
| Q3 25 | $102.7M | $210.2M | ||
| Q2 25 | $102.1M | $206.0M | ||
| Q1 25 | $107.1M | $148.8M | ||
| Q4 24 | $97.7M | $188.3M | ||
| Q3 24 | $100.7M | $232.7M | ||
| Q2 24 | $102.3M | $176.0M | ||
| Q1 24 | $103.5M | $138.5M |
净利润CSVMCS
| Q4 25 | $12.3M | — | ||
| Q3 25 | $6.6M | $16.2M | ||
| Q2 25 | $11.7M | $7.3M | ||
| Q1 25 | $20.9M | $-16.8M | ||
| Q4 24 | $9.9M | $986.0K | ||
| Q3 24 | $9.9M | $23.3M | ||
| Q2 24 | $6.3M | $-20.2M | ||
| Q1 24 | $7.0M | $-11.9M |
毛利率CSVMCS
| 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CSVMCS
| Q4 25 | 23.3% | 0.9% | ||
| Q3 25 | 17.0% | 10.8% | ||
| Q2 25 | 23.5% | 6.3% | ||
| Q1 25 | 29.5% | -13.7% | ||
| Q4 24 | 21.6% | -1.2% | ||
| Q3 24 | 22.7% | 14.1% | ||
| Q2 24 | 18.0% | 1.3% | ||
| Q1 24 | 18.8% | -12.0% |
净利率CSVMCS
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.4% | 7.7% | ||
| Q2 25 | 11.5% | 3.6% | ||
| Q1 25 | 19.5% | -11.3% | ||
| Q4 24 | 10.1% | 0.5% | ||
| Q3 24 | 9.8% | 10.0% | ||
| Q2 24 | 6.1% | -11.5% | ||
| Q1 24 | 6.7% | -8.6% |
每股收益（稀释后）CSVMCS
| Q4 25 | $0.76 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.74 | — | ||
| Q1 25 | $1.34 | — | ||
| Q4 24 | $0.62 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.45 | — |
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 | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $254.8M | $457.4M |
| 总资产 | $1.3B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资CSVMCS
| Q4 25 | $1.7M | $23.4M | ||
| Q3 25 | $1.2M | $7.4M | ||
| Q2 25 | $1.4M | $14.9M | ||
| Q1 25 | $4.6M | $11.9M | ||
| Q4 24 | $1.2M | $40.8M | ||
| Q3 24 | $1.3M | $28.4M | ||
| Q2 24 | $1.5M | $32.8M | ||
| Q1 24 | $1.7M | $17.3M |
总债务CSVMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益CSVMCS
| Q4 25 | $254.8M | $457.4M | ||
| Q3 25 | $242.1M | $454.3M | ||
| Q2 25 | $235.4M | $448.4M | ||
| Q1 25 | $223.1M | $441.8M | ||
| Q4 24 | $208.6M | $464.9M | ||
| Q3 24 | $198.1M | $462.3M | ||
| Q2 24 | $187.9M | $449.4M | ||
| Q1 24 | $179.6M | $459.3M |
总资产CSVMCS
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
负债/权益比CSVMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $26.4M |
| 自由现金流率自由现金流/营收 | 5.9% | 13.6% |
| 资本支出强度资本支出/营收 | 7.5% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流CSVMCS
| Q4 25 | $14.1M | $48.8M | ||
| Q3 25 | $24.7M | $39.1M | ||
| Q2 25 | $8.1M | $31.6M | ||
| Q1 25 | $13.8M | $-35.3M | ||
| Q4 24 | $9.3M | $52.6M | ||
| Q3 24 | $20.9M | $30.5M | ||
| Q2 24 | $2.2M | $36.0M | ||
| Q1 24 | $19.7M | $-15.1M |
自由现金流CSVMCS
| Q4 25 | $6.2M | $26.4M | ||
| Q3 25 | $18.0M | $18.2M | ||
| Q2 25 | $5.2M | $14.7M | ||
| Q1 25 | $10.6M | $-58.3M | ||
| Q4 24 | $4.9M | $27.1M | ||
| Q3 24 | $16.2M | $12.0M | ||
| Q2 24 | $-1.4M | $16.1M | ||
| Q1 24 | $16.2M | $-30.5M |
自由现金流率CSVMCS
| Q4 25 | 5.9% | 13.6% | ||
| Q3 25 | 17.5% | 8.7% | ||
| Q2 25 | 5.1% | 7.1% | ||
| Q1 25 | 9.9% | -39.2% | ||
| Q4 24 | 5.0% | 14.4% | ||
| Q3 24 | 16.1% | 5.2% | ||
| Q2 24 | -1.4% | 9.2% | ||
| Q1 24 | 15.6% | -22.0% |
资本支出强度CSVMCS
| Q4 25 | 7.5% | 11.6% | ||
| Q3 25 | 6.5% | 9.9% | ||
| Q2 25 | 2.8% | 8.2% | ||
| Q1 25 | 3.0% | 15.5% | ||
| Q4 24 | 4.5% | 13.5% | ||
| Q3 24 | 4.6% | 7.9% | ||
| Q2 24 | 3.5% | 11.3% | ||
| Q1 24 | 3.4% | 11.1% |
现金转化率CSVMCS
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 2.41× | ||
| Q2 25 | 0.69× | 4.32× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 53.31× | ||
| Q3 24 | 2.11× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
