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CARRIAGE SERVICES INC（CSV）与MARINE PRODUCTS CORP（MPX）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MARINE PRODUCTS CORP的1.6倍（$105.5M vs $64.6M），CARRIAGE SERVICES INC净利率更高（11.6% vs 3.7%，领先8.0%），MARINE PRODUCTS CORP同比增速更快（35.0% vs 8.0%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $4.1M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -3.5%）
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。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
CSV vs MPX — 直观对比
营收规模更大
CSV
是对方的1.6倍
$64.6M
营收增速更快
MPX
高出27.1%
8.0%
净利率更高
CSV
高出8.0%
3.7%
自由现金流更多
CSV
多$2.1M
$4.1M
两年增速更快
CSV
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $64.6M |
| 净利润 | $12.3M | $2.4M |
| 毛利率 | 34.8% | 19.6% |
| 营业利润率 | 23.3% | 5.8% |
| 净利率 | 11.6% | 3.7% |
| 营收同比 | 8.0% | 35.0% |
| 净利润同比 | 24.5% | -44.6% |
| 每股收益（稀释后） | $0.76 | $0.07 |
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CSVMPX
| Q4 25 | $105.5M | $64.6M | ||
| Q3 25 | $102.7M | $53.1M | ||
| Q2 25 | $102.1M | $67.7M | ||
| Q1 25 | $107.1M | $59.0M | ||
| Q4 24 | $97.7M | $47.8M | ||
| Q3 24 | $100.7M | $49.9M | ||
| Q2 24 | $102.3M | $69.5M | ||
| Q1 24 | $103.5M | $69.3M |
净利润CSVMPX
| Q4 25 | $12.3M | $2.4M | ||
| Q3 25 | $6.6M | $2.6M | ||
| Q2 25 | $11.7M | $4.2M | ||
| Q1 25 | $20.9M | $2.2M | ||
| Q4 24 | $9.9M | $4.3M | ||
| Q3 24 | $9.9M | $3.4M | ||
| Q2 24 | $6.3M | $5.6M | ||
| Q1 24 | $7.0M | $4.6M |
毛利率CSVMPX
| Q4 25 | 34.8% | 19.6% | ||
| Q3 25 | 35.3% | 19.2% | ||
| Q2 25 | 35.2% | 19.1% | ||
| Q1 25 | 35.3% | 18.6% | ||
| Q4 24 | 34.4% | 19.2% | ||
| Q3 24 | 35.2% | 18.4% | ||
| Q2 24 | 36.2% | 18.9% | ||
| Q1 24 | 36.0% | 20.2% |
营业利润率CSVMPX
| Q4 25 | 23.3% | 5.8% | ||
| Q3 25 | 17.0% | 5.4% | ||
| Q2 25 | 23.5% | 7.1% | ||
| Q1 25 | 29.5% | 4.4% | ||
| Q4 24 | 21.6% | 7.7% | ||
| Q3 24 | 22.7% | 7.2% | ||
| Q2 24 | 18.0% | 8.3% | ||
| Q1 24 | 18.8% | 7.6% |
净利率CSVMPX
| Q4 25 | 11.6% | 3.7% | ||
| Q3 25 | 6.4% | 5.0% | ||
| Q2 25 | 11.5% | 6.1% | ||
| Q1 25 | 19.5% | 3.7% | ||
| Q4 24 | 10.1% | 8.9% | ||
| Q3 24 | 9.8% | 6.8% | ||
| Q2 24 | 6.1% | 8.0% | ||
| Q1 24 | 6.7% | 6.6% |
每股收益（稀释后）CSVMPX
| Q4 25 | $0.76 | $0.07 | ||
| Q3 25 | $0.41 | $0.07 | ||
| Q2 25 | $0.74 | $0.12 | ||
| Q1 25 | $1.34 | $0.06 | ||
| Q4 24 | $0.62 | $0.13 | ||
| Q3 24 | $0.63 | $0.10 | ||
| Q2 24 | $0.40 | $0.14 | ||
| Q1 24 | $0.45 | $0.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $125.0M |
| 总资产 | $1.3B | $147.2M |
| 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CSVMPX
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $1.7M | — |
股东权益CSVMPX
| Q4 25 | $254.8M | $125.0M | ||
| Q3 25 | $242.1M | $126.3M | ||
| Q2 25 | $235.4M | $127.2M | ||
| Q1 25 | $223.1M | $126.4M | ||
| Q4 24 | $208.6M | $129.0M | ||
| Q3 24 | $198.1M | $128.8M | ||
| Q2 24 | $187.9M | $129.3M | ||
| Q1 24 | $179.6M | $151.4M |
总资产CSVMPX
| Q4 25 | $1.3B | $147.2M | ||
| Q3 25 | $1.3B | $179.5M | ||
| Q2 25 | $1.3B | $173.2M | ||
| Q1 25 | $1.3B | $182.9M | ||
| Q4 24 | $1.3B | $171.2M | ||
| Q3 24 | $1.3B | $176.3M | ||
| Q2 24 | $1.3B | $175.7M | ||
| Q1 24 | $1.3B | $204.0M |
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 | $4.7M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $4.1M |
| 自由现金流率自由现金流/营收 | 5.9% | 6.4% |
| 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× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $14.9M |
8季度趋势，按日历期对齐
经营现金流CSVMPX
| Q4 25 | $14.1M | $4.7M | ||
| Q3 25 | $24.7M | $2.6M | ||
| Q2 25 | $8.1M | $-1.6M | ||
| Q1 25 | $13.8M | $10.8M | ||
| Q4 24 | $9.3M | $4.6M | ||
| Q3 24 | $20.9M | $5.1M | ||
| Q2 24 | $2.2M | $3.8M | ||
| Q1 24 | $19.7M | $15.9M |
自由现金流CSVMPX
| Q4 25 | $6.2M | $4.1M | ||
| Q3 25 | $18.0M | $2.1M | ||
| Q2 25 | $5.2M | $-2.0M | ||
| Q1 25 | $10.6M | $10.7M | ||
| Q4 24 | $4.9M | $3.6M | ||
| Q3 24 | $16.2M | $3.2M | ||
| Q2 24 | $-1.4M | $3.0M | ||
| Q1 24 | $16.2M | $15.0M |
自由现金流率CSVMPX
| Q4 25 | 5.9% | 6.4% | ||
| Q3 25 | 17.5% | 4.0% | ||
| Q2 25 | 5.1% | -3.0% | ||
| Q1 25 | 9.9% | 18.1% | ||
| Q4 24 | 5.0% | 7.6% | ||
| Q3 24 | 16.1% | 6.5% | ||
| Q2 24 | -1.4% | 4.4% | ||
| Q1 24 | 15.6% | 21.7% |
资本支出强度CSVMPX
| Q4 25 | 7.5% | 0.9% | ||
| Q3 25 | 6.5% | 0.8% | ||
| Q2 25 | 2.8% | 0.6% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 4.5% | 2.1% | ||
| Q3 24 | 4.6% | 3.8% | ||
| Q2 24 | 3.5% | 1.1% | ||
| Q1 24 | 3.4% | 1.3% |
现金转化率CSVMPX
| Q4 25 | 1.15× | 2.00× | ||
| Q3 25 | 3.76× | 0.97× | ||
| Q2 25 | 0.69× | -0.39× | ||
| Q1 25 | 0.66× | 4.88× | ||
| Q4 24 | 0.94× | 1.09× | ||
| Q3 24 | 2.11× | 1.51× | ||
| Q2 24 | 0.34× | 0.68× | ||
| Q1 24 | 2.83× | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
