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CARRIAGE SERVICES INC（CSV）与OneSpan Inc.（OSPN）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OneSpan Inc.的1.6倍（$105.5M vs $65.9M），OneSpan Inc.净利率更高（17.5% vs 11.6%，领先5.9%），CARRIAGE SERVICES INC同比增速更快（8.0% vs 4.1%），过去两年OneSpan Inc.的营收复合增速更高（4.0% 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。
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
CSV vs OSPN — 直观对比
营收规模更大
CSV
是对方的1.6倍
$65.9M
营收增速更快
CSV
高出3.9%
4.1%
净利率更高
OSPN
高出5.9%
11.6%
两年增速更快
OSPN
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $65.9M |
| 净利润 | $12.3M | $11.6M |
| 毛利率 | 34.8% | 73.6% |
| 营业利润率 | 23.3% | 22.5% |
| 净利率 | 11.6% | 17.5% |
| 营收同比 | 8.0% | 4.1% |
| 净利润同比 | 24.5% | — |
| 每股收益（稀释后） | $0.76 | $0.39 |
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CSVOSPN
| Q1 26 | — | $65.9M | ||
| Q4 25 | $105.5M | $62.9M | ||
| Q3 25 | $102.7M | $57.1M | ||
| Q2 25 | $102.1M | $59.8M | ||
| Q1 25 | $107.1M | $63.4M | ||
| Q4 24 | $97.7M | $61.2M | ||
| Q3 24 | $100.7M | $56.2M | ||
| Q2 24 | $102.3M | $60.9M |
净利润CSVOSPN
| Q1 26 | — | $11.6M | ||
| Q4 25 | $12.3M | $43.5M | ||
| Q3 25 | $6.6M | $6.5M | ||
| Q2 25 | $11.7M | $8.3M | ||
| Q1 25 | $20.9M | $14.5M | ||
| Q4 24 | $9.9M | $28.8M | ||
| Q3 24 | $9.9M | $8.3M | ||
| Q2 24 | $6.3M | $6.6M |
毛利率CSVOSPN
| Q1 26 | — | 73.6% | ||
| Q4 25 | 34.8% | 73.6% | ||
| Q3 25 | 35.3% | 73.6% | ||
| Q2 25 | 35.2% | 73.5% | ||
| Q1 25 | 35.3% | 74.3% | ||
| Q4 24 | 34.4% | 74.0% | ||
| Q3 24 | 35.2% | 73.9% | ||
| Q2 24 | 36.2% | 66.2% |
营业利润率CSVOSPN
| Q1 26 | — | 22.5% | ||
| Q4 25 | 23.3% | 19.9% | ||
| Q3 25 | 17.0% | 14.4% | ||
| Q2 25 | 23.5% | 17.6% | ||
| Q1 25 | 29.5% | 27.1% | ||
| Q4 24 | 21.6% | 19.3% | ||
| Q3 24 | 22.7% | 20.0% | ||
| Q2 24 | 18.0% | 12.5% |
净利率CSVOSPN
| Q1 26 | — | 17.5% | ||
| Q4 25 | 11.6% | 69.2% | ||
| Q3 25 | 6.4% | 11.4% | ||
| Q2 25 | 11.5% | 13.9% | ||
| Q1 25 | 19.5% | 22.9% | ||
| Q4 24 | 10.1% | 47.1% | ||
| Q3 24 | 9.8% | 14.7% | ||
| Q2 24 | 6.1% | 10.8% |
每股收益（稀释后）CSVOSPN
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.76 | $1.13 | ||
| Q3 25 | $0.41 | $0.17 | ||
| Q2 25 | $0.74 | $0.21 | ||
| Q1 25 | $1.34 | $0.37 | ||
| Q4 24 | $0.62 | $0.73 | ||
| Q3 24 | $0.63 | $0.21 | ||
| Q2 24 | $0.40 | $0.17 |
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 | $49.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $272.0M |
| 总资产 | $1.3B | $383.1M |
| 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CSVOSPN
| Q1 26 | — | $49.8M | ||
| Q4 25 | $1.7M | $70.5M | ||
| Q3 25 | $1.2M | $85.6M | ||
| Q2 25 | $1.4M | $92.9M | ||
| Q1 25 | $4.6M | $105.2M | ||
| Q4 24 | $1.2M | $83.2M | ||
| Q3 24 | $1.3M | $77.5M | ||
| Q2 24 | $1.5M | $63.8M |
股东权益CSVOSPN
| Q1 26 | — | $272.0M | ||
| Q4 25 | $254.8M | $271.8M | ||
| Q3 25 | $242.1M | $238.3M | ||
| Q2 25 | $235.4M | $242.5M | ||
| Q1 25 | $223.1M | $231.1M | ||
| Q4 24 | $208.6M | $212.5M | ||
| Q3 24 | $198.1M | $194.6M | ||
| Q2 24 | $187.9M | $178.6M |
总资产CSVOSPN
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.3B | $397.7M | ||
| Q3 25 | $1.3B | $343.5M | ||
| Q2 25 | $1.3B | $357.1M | ||
| Q1 25 | $1.3B | $333.8M | ||
| Q4 24 | $1.3B | $338.7M | ||
| Q3 24 | $1.3B | $289.3M | ||
| Q2 24 | $1.3B | $286.9M |
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 | $28.2M |
| 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× | 2.44× |
| 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CSVOSPN
| Q1 26 | — | $28.2M | ||
| Q4 25 | $14.1M | $12.6M | ||
| Q3 25 | $24.7M | $11.3M | ||
| Q2 25 | $8.1M | $6.2M | ||
| Q1 25 | $13.8M | $29.4M | ||
| Q4 24 | $9.3M | $12.4M | ||
| Q3 24 | $20.9M | $14.0M | ||
| Q2 24 | $2.2M | $2.3M |
自由现金流CSVOSPN
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $9.6M | ||
| Q3 25 | $18.0M | $8.8M | ||
| Q2 25 | $5.2M | $4.4M | ||
| Q1 25 | $10.6M | $27.7M | ||
| Q4 24 | $4.9M | $10.5M | ||
| Q3 24 | $16.2M | $12.0M | ||
| Q2 24 | $-1.4M | $26.0K |
自由现金流率CSVOSPN
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 15.3% | ||
| Q3 25 | 17.5% | 15.4% | ||
| Q2 25 | 5.1% | 7.3% | ||
| Q1 25 | 9.9% | 43.8% | ||
| Q4 24 | 5.0% | 17.1% | ||
| Q3 24 | 16.1% | 21.4% | ||
| Q2 24 | -1.4% | 0.0% |
资本支出强度CSVOSPN
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 4.7% | ||
| Q3 25 | 6.5% | 4.4% | ||
| Q2 25 | 2.8% | 3.1% | ||
| Q1 25 | 3.0% | 2.6% | ||
| Q4 24 | 4.5% | 3.2% | ||
| Q3 24 | 4.6% | 3.5% | ||
| Q2 24 | 3.5% | 3.7% |
现金转化率CSVOSPN
| Q1 26 | — | 2.44× | ||
| Q4 25 | 1.15× | 0.29× | ||
| Q3 25 | 3.76× | 1.74× | ||
| Q2 25 | 0.69× | 0.75× | ||
| Q1 25 | 0.66× | 2.02× | ||
| Q4 24 | 0.94× | 0.43× | ||
| Q3 24 | 2.11× | 1.69× | ||
| Q2 24 | 0.34× | 0.35× |
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% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
