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CARRIAGE SERVICES INC（CSV）与Ingevity Corp（NGVT）财务数据对比。点击上方公司名可切换其他公司
Ingevity Corp的季度营收约是CARRIAGE SERVICES INC的1.8倍（$185.4M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs -45.6%，领先57.3%），Ingevity Corp同比增速更快（36.7% vs 8.0%），Ingevity Corp自由现金流更多（$73.5M vs $6.2M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -26.2%）
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。
Ingevity Corp是一家全球特种化学品与先进材料生产商，主营高性能碳材料、路面养护解决方案及特种化工产品，服务汽车排放控制、工业净化、道路基建、农业投入品等核心市场，业务覆盖北美、欧洲及亚太地区。
CSV vs NGVT — 直观对比
营收规模更大
NGVT
是对方的1.8倍
$105.5M
营收增速更快
NGVT
高出28.8%
8.0%
净利率更高
CSV
高出57.3%
-45.6%
自由现金流更多
NGVT
多$67.3M
$6.2M
两年增速更快
CSV
近两年复合增速
-26.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $185.4M |
| 净利润 | $12.3M | $-84.6M |
| 毛利率 | 34.8% | 41.2% |
| 营业利润率 | 23.3% | -47.7% |
| 净利率 | 11.6% | -45.6% |
| 营收同比 | 8.0% | 36.7% |
| 净利润同比 | 24.5% | -609.6% |
| 每股收益（稀释后） | $0.76 | $-2.33 |
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CSVNGVT
| Q4 25 | $105.5M | $185.4M | ||
| Q3 25 | $102.7M | $333.1M | ||
| Q2 25 | $102.1M | $365.1M | ||
| Q1 25 | $107.1M | $284.0M | ||
| Q4 24 | $97.7M | $135.6M | ||
| Q3 24 | $100.7M | $333.8M | ||
| Q2 24 | $102.3M | $390.6M | ||
| Q1 24 | $103.5M | $340.1M |
净利润CSVNGVT
| Q4 25 | $12.3M | $-84.6M | ||
| Q3 25 | $6.6M | $43.5M | ||
| Q2 25 | $11.7M | $-146.5M | ||
| Q1 25 | $20.9M | $20.5M | ||
| Q4 24 | $9.9M | $16.6M | ||
| Q3 24 | $9.9M | $-107.2M | ||
| Q2 24 | $6.3M | $-283.7M | ||
| Q1 24 | $7.0M | $-56.0M |
毛利率CSVNGVT
| Q4 25 | 34.8% | 41.2% | ||
| Q3 25 | 35.3% | 40.2% | ||
| Q2 25 | 35.2% | 37.8% | ||
| Q1 25 | 35.3% | 39.9% | ||
| Q4 24 | 34.4% | 81.3% | ||
| Q3 24 | 35.2% | 39.4% | ||
| Q2 24 | 36.2% | 31.5% | ||
| Q1 24 | 36.0% | 29.3% |
营业利润率CSVNGVT
| Q4 25 | 23.3% | -47.7% | ||
| Q3 25 | 17.0% | 18.7% | ||
| Q2 25 | 23.5% | -39.1% | ||
| Q1 25 | 29.5% | 9.4% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | 33.0% | ||
| Q2 24 | 18.0% | 25.9% | ||
| Q1 24 | 18.8% | 22.6% |
净利率CSVNGVT
| Q4 25 | 11.6% | -45.6% | ||
| Q3 25 | 6.4% | 13.1% | ||
| Q2 25 | 11.5% | -40.1% | ||
| Q1 25 | 19.5% | 7.2% | ||
| Q4 24 | 10.1% | 12.2% | ||
| Q3 24 | 9.8% | -32.1% | ||
| Q2 24 | 6.1% | -72.6% | ||
| Q1 24 | 6.7% | -16.5% |
每股收益（稀释后）CSVNGVT
| Q4 25 | $0.76 | $-2.33 | ||
| Q3 25 | $0.41 | $1.18 | ||
| Q2 25 | $0.74 | $-4.02 | ||
| Q1 25 | $1.34 | $0.56 | ||
| Q4 24 | $0.62 | $0.44 | ||
| Q3 24 | $0.63 | $-2.94 | ||
| Q2 24 | $0.40 | $-7.81 | ||
| Q1 24 | $0.45 | $-1.54 |
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 | $78.1M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $254.8M | $29.7M |
| 总资产 | $1.3B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 39.10× |
8季度趋势，按日历期对齐
现金及短期投资CSVNGVT
| Q4 25 | $1.7M | $78.1M | ||
| Q3 25 | $1.2M | $83.4M | ||
| Q2 25 | $1.4M | $76.9M | ||
| Q1 25 | $4.6M | $71.5M | ||
| Q4 24 | $1.2M | $68.0M | ||
| Q3 24 | $1.3M | $135.5M | ||
| Q2 24 | $1.5M | $107.4M | ||
| Q1 24 | $1.7M | $88.5M |
总债务CSVNGVT
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益CSVNGVT
| Q4 25 | $254.8M | $29.7M | ||
| Q3 25 | $242.1M | $138.1M | ||
| Q2 25 | $235.4M | $120.7M | ||
| Q1 25 | $223.1M | $234.6M | ||
| Q4 24 | $208.6M | $195.2M | ||
| Q3 24 | $198.1M | $214.5M | ||
| Q2 24 | $187.9M | $284.8M | ||
| Q1 24 | $179.6M | $568.2M |
总资产CSVNGVT
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $1.3B | $2.6B |
负债/权益比CSVNGVT
| Q4 25 | — | 39.10× | ||
| Q3 25 | — | 8.39× | ||
| Q2 25 | — | 10.24× | ||
| Q1 25 | — | 5.68× | ||
| Q4 24 | — | 6.86× | ||
| Q3 24 | — | 6.52× | ||
| Q2 24 | — | 4.92× | ||
| Q1 24 | — | 2.48× |
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 | $97.1M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $73.5M |
| 自由现金流率自由现金流/营收 | 5.9% | 39.6% |
| 资本支出强度资本支出/营收 | 7.5% | 12.7% |
| 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 | $273.5M |
8季度趋势，按日历期对齐
经营现金流CSVNGVT
| Q4 25 | $14.1M | $97.1M | ||
| Q3 25 | $24.7M | $129.7M | ||
| Q2 25 | $8.1M | $79.0M | ||
| Q1 25 | $13.8M | $25.4M | ||
| Q4 24 | $9.3M | $64.5M | ||
| Q3 24 | $20.9M | $46.5M | ||
| Q2 24 | $2.2M | $29.7M | ||
| Q1 24 | $19.7M | $-12.1M |
自由现金流CSVNGVT
| Q4 25 | $6.2M | $73.5M | ||
| Q3 25 | $18.0M | $117.8M | ||
| Q2 25 | $5.2M | $66.8M | ||
| Q1 25 | $10.6M | $15.4M | ||
| Q4 24 | $4.9M | $39.6M | ||
| Q3 24 | $16.2M | $28.5M | ||
| Q2 24 | $-1.4M | $11.6M | ||
| Q1 24 | $16.2M | $-28.7M |
自由现金流率CSVNGVT
| Q4 25 | 5.9% | 39.6% | ||
| Q3 25 | 17.5% | 35.4% | ||
| Q2 25 | 5.1% | 18.3% | ||
| Q1 25 | 9.9% | 5.4% | ||
| Q4 24 | 5.0% | 29.2% | ||
| Q3 24 | 16.1% | 8.5% | ||
| Q2 24 | -1.4% | 3.0% | ||
| Q1 24 | 15.6% | -8.4% |
资本支出强度CSVNGVT
| Q4 25 | 7.5% | 12.7% | ||
| Q3 25 | 6.5% | 3.6% | ||
| Q2 25 | 2.8% | 3.3% | ||
| Q1 25 | 3.0% | 3.5% | ||
| Q4 24 | 4.5% | 18.4% | ||
| Q3 24 | 4.6% | 5.4% | ||
| Q2 24 | 3.5% | 4.6% | ||
| Q1 24 | 3.4% | 4.9% |
现金转化率CSVNGVT
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 2.98× | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | 1.24× | ||
| Q4 24 | 0.94× | 3.89× | ||
| 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% |
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
