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CARRIAGE SERVICES INC（CSV）与PAMT CORP（PAMT）财务数据对比。点击上方公司名可切换其他公司
PAMT CORP的季度营收约是CARRIAGE SERVICES INC的1.3倍（$141.3M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs -20.7%，领先32.3%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -15.1%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-25.0M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -12.0%）
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。
CSV vs PAMT — 直观对比
营收规模更大
PAMT
是对方的1.3倍
$105.5M
营收增速更快
CSV
高出23.1%
-15.1%
净利率更高
CSV
高出32.3%
-20.7%
自由现金流更多
CSV
多$31.2M
$-25.0M
两年增速更快
CSV
近两年复合增速
-12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $141.3M |
| 净利润 | $12.3M | $-29.3M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | -27.0% |
| 净利率 | 11.6% | -20.7% |
| 营收同比 | 8.0% | -15.1% |
| 净利润同比 | 24.5% | 7.4% |
| 每股收益（稀释后） | $0.76 | $-1.38 |
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CSVPAMT
| Q4 25 | $105.5M | $141.3M | ||
| Q3 25 | $102.7M | $150.3M | ||
| Q2 25 | $102.1M | $151.1M | ||
| Q1 25 | $107.1M | $155.3M | ||
| Q4 24 | $97.7M | $166.5M | ||
| Q3 24 | $100.7M | $182.6M | ||
| Q2 24 | $102.3M | $182.9M | ||
| Q1 24 | $103.5M | $182.6M |
净利润CSVPAMT
| Q4 25 | $12.3M | $-29.3M | ||
| Q3 25 | $6.6M | $-5.6M | ||
| Q2 25 | $11.7M | $-9.6M | ||
| Q1 25 | $20.9M | $-8.1M | ||
| Q4 24 | $9.9M | $-31.6M | ||
| Q3 24 | $9.9M | $2.4M | ||
| Q2 24 | $6.3M | $-2.9M | ||
| Q1 24 | $7.0M | $281.0K |
毛利率CSVPAMT
| 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CSVPAMT
| Q4 25 | 23.3% | -27.0% | ||
| Q3 25 | 17.0% | -3.8% | ||
| Q2 25 | 23.5% | -7.3% | ||
| Q1 25 | 29.5% | -5.9% | ||
| Q4 24 | 21.6% | -22.6% | ||
| Q3 24 | 22.7% | 1.3% | ||
| Q2 24 | 18.0% | -0.4% | ||
| Q1 24 | 18.8% | -0.4% |
净利率CSVPAMT
| Q4 25 | 11.6% | -20.7% | ||
| Q3 25 | 6.4% | -3.7% | ||
| Q2 25 | 11.5% | -6.4% | ||
| Q1 25 | 19.5% | -5.2% | ||
| Q4 24 | 10.1% | -19.0% | ||
| Q3 24 | 9.8% | 1.3% | ||
| Q2 24 | 6.1% | -1.6% | ||
| Q1 24 | 6.7% | 0.2% |
每股收益（稀释后）CSVPAMT
| Q4 25 | $0.76 | $-1.38 | ||
| Q3 25 | $0.41 | $-0.27 | ||
| Q2 25 | $0.74 | $-0.46 | ||
| Q1 25 | $1.34 | $-0.37 | ||
| Q4 24 | $0.62 | $-1.44 | ||
| Q3 24 | $0.63 | $0.11 | ||
| Q2 24 | $0.40 | $-0.13 | ||
| Q1 24 | $0.45 | $0.01 |
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 | $83.7M |
| 总债务越低越好 | — | $333.9M |
| 股东权益账面价值 | $254.8M | $210.5M |
| 总资产 | $1.3B | $697.9M |
| 负债/权益比越低杠杆越低 | — | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资CSVPAMT
| Q4 25 | $1.7M | $83.7M | ||
| Q3 25 | $1.2M | $115.6M | ||
| Q2 25 | $1.4M | $117.3M | ||
| Q1 25 | $4.6M | $102.7M | ||
| Q4 24 | $1.2M | $110.7M | ||
| Q3 24 | $1.3M | $92.3M | ||
| Q2 24 | $1.5M | $114.0M | ||
| Q1 24 | $1.7M | $125.8M |
总债务CSVPAMT
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSVPAMT
| Q4 25 | $254.8M | $210.5M | ||
| Q3 25 | $242.1M | $239.5M | ||
| Q2 25 | $235.4M | $244.9M | ||
| Q1 25 | $223.1M | $269.6M | ||
| Q4 24 | $208.6M | $277.5M | ||
| Q3 24 | $198.1M | $308.9M | ||
| Q2 24 | $187.9M | $306.7M | ||
| Q1 24 | $179.6M | $314.6M |
总资产CSVPAMT
| Q4 25 | $1.3B | $697.9M | ||
| Q3 25 | $1.3B | $715.2M | ||
| Q2 25 | $1.3B | $707.9M | ||
| Q1 25 | $1.3B | $712.6M | ||
| Q4 24 | $1.3B | $741.7M | ||
| Q3 24 | $1.3B | $756.7M | ||
| Q2 24 | $1.3B | $733.5M | ||
| Q1 24 | $1.3B | $746.4M |
负债/权益比CSVPAMT
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-25.0M |
| 自由现金流率自由现金流/营收 | 5.9% | -17.7% |
| 资本支出强度资本支出/营收 | 7.5% | 13.6% |
| 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 | $-23.4M |
8季度趋势，按日历期对齐
经营现金流CSVPAMT
| Q4 25 | $14.1M | $-5.8M | ||
| Q3 25 | $24.7M | $5.9M | ||
| Q2 25 | $8.1M | $12.2M | ||
| Q1 25 | $13.8M | $5.0M | ||
| Q4 24 | $9.3M | $15.2M | ||
| Q3 24 | $20.9M | $15.5M | ||
| Q2 24 | $2.2M | $18.7M | ||
| Q1 24 | $19.7M | $9.6M |
自由现金流CSVPAMT
| Q4 25 | $6.2M | $-25.0M | ||
| Q3 25 | $18.0M | $2.5M | ||
| Q2 25 | $5.2M | $5.9M | ||
| Q1 25 | $10.6M | $-6.8M | ||
| Q4 24 | $4.9M | $-39.9M | ||
| Q3 24 | $16.2M | $-33.6M | ||
| Q2 24 | $-1.4M | $4.1M | ||
| Q1 24 | $16.2M | $-12.2M |
自由现金流率CSVPAMT
| Q4 25 | 5.9% | -17.7% | ||
| Q3 25 | 17.5% | 1.7% | ||
| Q2 25 | 5.1% | 3.9% | ||
| Q1 25 | 9.9% | -4.4% | ||
| Q4 24 | 5.0% | -24.0% | ||
| Q3 24 | 16.1% | -18.4% | ||
| Q2 24 | -1.4% | 2.2% | ||
| Q1 24 | 15.6% | -6.7% |
资本支出强度CSVPAMT
| Q4 25 | 7.5% | 13.6% | ||
| Q3 25 | 6.5% | 2.3% | ||
| Q2 25 | 2.8% | 4.2% | ||
| Q1 25 | 3.0% | 7.6% | ||
| Q4 24 | 4.5% | 33.1% | ||
| Q3 24 | 4.6% | 26.9% | ||
| Q2 24 | 3.5% | 8.0% | ||
| Q1 24 | 3.4% | 12.0% |
现金转化率CSVPAMT
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 6.44× | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
