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CARRIAGE SERVICES INC（CSV）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是CARRIAGE SERVICES INC的1.2倍（$123.0M vs $105.5M），CARRIAGE SERVICES INC同比增速更快（8.0% vs 1.9%），过去两年微策略的营收复合增速更高（3.3% 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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
CSV vs MSTR — 直观对比
营收规模更大
MSTR
是对方的1.2倍
$105.5M
营收增速更快
CSV
高出6.1%
1.9%
两年增速更快
MSTR
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $123.0M |
| 净利润 | $12.3M | — |
| 毛利率 | 34.8% | 66.1% |
| 营业利润率 | 23.3% | — |
| 净利率 | 11.6% | — |
| 营收同比 | 8.0% | 1.9% |
| 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CSVMSTR
| Q4 25 | $105.5M | $123.0M | ||
| Q3 25 | $102.7M | $128.7M | ||
| Q2 25 | $102.1M | $114.5M | ||
| Q1 25 | $107.1M | $111.1M | ||
| Q4 24 | $97.7M | $120.7M | ||
| Q3 24 | $100.7M | $116.1M | ||
| Q2 24 | $102.3M | $111.4M | ||
| Q1 24 | $103.5M | $115.2M |
净利润CSVMSTR
| Q4 25 | $12.3M | — | ||
| Q3 25 | $6.6M | $2.8B | ||
| Q2 25 | $11.7M | $10.0B | ||
| Q1 25 | $20.9M | $-4.2B | ||
| Q4 24 | $9.9M | $-670.8M | ||
| Q3 24 | $9.9M | $-340.2M | ||
| Q2 24 | $6.3M | $-102.6M | ||
| Q1 24 | $7.0M | $-53.1M |
毛利率CSVMSTR
| Q4 25 | 34.8% | 66.1% | ||
| Q3 25 | 35.3% | 70.5% | ||
| Q2 25 | 35.2% | 68.8% | ||
| Q1 25 | 35.3% | 69.4% | ||
| Q4 24 | 34.4% | 71.7% | ||
| Q3 24 | 35.2% | 70.4% | ||
| Q2 24 | 36.2% | 72.2% | ||
| Q1 24 | 36.0% | 74.0% |
营业利润率CSVMSTR
| Q4 25 | 23.3% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | -5331.4% | ||
| Q4 24 | 21.6% | -842.1% | ||
| Q3 24 | 22.7% | -372.7% | ||
| Q2 24 | 18.0% | -179.7% | ||
| Q1 24 | 18.8% | -176.8% |
净利率CSVMSTR
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.4% | 2164.1% | ||
| Q2 25 | 11.5% | 8752.7% | ||
| Q1 25 | 19.5% | -3797.2% | ||
| Q4 24 | 10.1% | -555.8% | ||
| Q3 24 | 9.8% | -293.1% | ||
| Q2 24 | 6.1% | -92.0% | ||
| Q1 24 | 6.7% | -46.1% |
每股收益（稀释后）CSVMSTR
| Q4 25 | $0.76 | — | ||
| Q3 25 | $0.41 | $8.42 | ||
| Q2 25 | $0.74 | $32.60 | ||
| Q1 25 | $1.34 | $-16.49 | ||
| Q4 24 | $0.62 | $4.49 | ||
| Q3 24 | $0.63 | $-1.72 | ||
| Q2 24 | $0.40 | $-0.57 | ||
| Q1 24 | $0.45 | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $254.8M | $44.1B |
| 总资产 | $1.3B | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资CSVMSTR
| Q4 25 | $1.7M | $2.3B | ||
| Q3 25 | $1.2M | $54.3M | ||
| Q2 25 | $1.4M | $50.1M | ||
| Q1 25 | $4.6M | $60.3M | ||
| Q4 24 | $1.2M | $38.1M | ||
| Q3 24 | $1.3M | $46.3M | ||
| Q2 24 | $1.5M | $66.9M | ||
| Q1 24 | $1.7M | $81.3M |
总债务CSVMSTR
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益CSVMSTR
| Q4 25 | $254.8M | $44.1B | ||
| Q3 25 | $242.1M | $52.3B | ||
| Q2 25 | $235.4M | $47.5B | ||
| Q1 25 | $223.1M | $32.2B | ||
| Q4 24 | $208.6M | $18.2B | ||
| Q3 24 | $198.1M | $3.8B | ||
| Q2 24 | $187.9M | $2.8B | ||
| Q1 24 | $179.6M | $2.4B |
总资产CSVMSTR
| Q4 25 | $1.3B | $61.6B | ||
| Q3 25 | $1.3B | $73.6B | ||
| Q2 25 | $1.3B | $64.8B | ||
| Q1 25 | $1.3B | $43.9B | ||
| Q4 24 | $1.3B | $25.8B | ||
| Q3 24 | $1.3B | $8.3B | ||
| Q2 24 | $1.3B | $7.1B | ||
| Q1 24 | $1.3B | $6.4B |
负债/权益比CSVMSTR
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
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CSVMSTR
| Q4 25 | $14.1M | — | ||
| Q3 25 | $24.7M | $-8.3M | ||
| Q2 25 | $8.1M | $-34.9M | ||
| Q1 25 | $13.8M | $-2.4M | ||
| Q4 24 | $9.3M | $-17.3M | ||
| Q3 24 | $20.9M | $-41.0M | ||
| Q2 24 | $2.2M | $-23.3M | ||
| Q1 24 | $19.7M | $28.6M |
自由现金流CSVMSTR
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | $-11.1M | ||
| Q2 25 | $5.2M | $-37.0M | ||
| Q1 25 | $10.6M | $-5.1M | ||
| Q4 24 | $4.9M | $-17.6M | ||
| Q3 24 | $16.2M | $-41.4M | ||
| Q2 24 | $-1.4M | $-24.1M | ||
| Q1 24 | $16.2M | $27.0M |
自由现金流率CSVMSTR
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | -8.6% | ||
| Q2 25 | 5.1% | -32.3% | ||
| Q1 25 | 9.9% | -4.6% | ||
| Q4 24 | 5.0% | -14.6% | ||
| Q3 24 | 16.1% | -35.7% | ||
| Q2 24 | -1.4% | -21.6% | ||
| Q1 24 | 15.6% | 23.5% |
资本支出强度CSVMSTR
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | 2.2% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 3.0% | 2.5% | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | 4.6% | 0.4% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 3.4% | 1.3% |
现金转化率CSVMSTR
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | -0.00× | ||
| Q2 25 | 0.69× | -0.00× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| 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% |
MSTR
暂无分部数据
