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CARRIAGE SERVICES INC（CSV）与PDF SOLUTIONS INC（PDFS）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PDF SOLUTIONS INC的1.7倍（$105.5M vs $62.4M），CARRIAGE SERVICES INC净利率更高（11.6% vs -0.1%，领先11.7%），PDF SOLUTIONS INC同比增速更快（24.6% vs 8.0%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $6.2M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% 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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
CSV vs PDFS — 直观对比
营收规模更大
CSV
是对方的1.7倍
$62.4M
营收增速更快
PDFS
高出16.6%
8.0%
净利率更高
CSV
高出11.7%
-0.1%
自由现金流更多
PDFS
多$1.3M
$6.2M
两年增速更快
PDFS
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $62.4M |
| 净利润 | $12.3M | $-48.0K |
| 毛利率 | 34.8% | 72.9% |
| 营业利润率 | 23.3% | 5.5% |
| 净利率 | 11.6% | -0.1% |
| 营收同比 | 8.0% | 24.6% |
| 净利润同比 | 24.5% | -108.9% |
| 每股收益（稀释后） | $0.76 | $0.00 |
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CSVPDFS
| Q4 25 | $105.5M | $62.4M | ||
| Q3 25 | $102.7M | $57.1M | ||
| Q2 25 | $102.1M | $51.7M | ||
| Q1 25 | $107.1M | $47.8M | ||
| Q4 24 | $97.7M | $50.1M | ||
| Q3 24 | $100.7M | $46.4M | ||
| Q2 24 | $102.3M | $41.7M | ||
| Q1 24 | $103.5M | $41.3M |
净利润CSVPDFS
| Q4 25 | $12.3M | $-48.0K | ||
| Q3 25 | $6.6M | $1.3M | ||
| Q2 25 | $11.7M | $1.1M | ||
| Q1 25 | $20.9M | $-3.0M | ||
| Q4 24 | $9.9M | $539.0K | ||
| Q3 24 | $9.9M | $2.2M | ||
| Q2 24 | $6.3M | $1.7M | ||
| Q1 24 | $7.0M | $-393.0K |
毛利率CSVPDFS
| Q4 25 | 34.8% | 72.9% | ||
| Q3 25 | 35.3% | 72.3% | ||
| Q2 25 | 35.2% | 71.2% | ||
| Q1 25 | 35.3% | 72.9% | ||
| Q4 24 | 34.4% | 68.3% | ||
| Q3 24 | 35.2% | 73.1% | ||
| Q2 24 | 36.2% | 70.6% | ||
| Q1 24 | 36.0% | 67.3% |
营业利润率CSVPDFS
| Q4 25 | 23.3% | 5.5% | ||
| Q3 25 | 17.0% | 8.5% | ||
| Q2 25 | 23.5% | 2.2% | ||
| Q1 25 | 29.5% | -7.4% | ||
| Q4 24 | 21.6% | 1.0% | ||
| Q3 24 | 22.7% | 4.6% | ||
| Q2 24 | 18.0% | 0.6% | ||
| Q1 24 | 18.8% | -4.7% |
净利率CSVPDFS
| Q4 25 | 11.6% | -0.1% | ||
| Q3 25 | 6.4% | 2.3% | ||
| Q2 25 | 11.5% | 2.2% | ||
| Q1 25 | 19.5% | -6.3% | ||
| Q4 24 | 10.1% | 1.1% | ||
| Q3 24 | 9.8% | 4.8% | ||
| Q2 24 | 6.1% | 4.1% | ||
| Q1 24 | 6.7% | -1.0% |
每股收益（稀释后）CSVPDFS
| Q4 25 | $0.76 | $0.00 | ||
| Q3 25 | $0.41 | $0.03 | ||
| Q2 25 | $0.74 | $0.03 | ||
| Q1 25 | $1.34 | $-0.08 | ||
| Q4 24 | $0.62 | $0.01 | ||
| Q3 24 | $0.63 | $0.06 | ||
| Q2 24 | $0.40 | $0.04 | ||
| 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 | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $254.8M | $271.0M |
| 总资产 | $1.3B | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CSVPDFS
| Q4 25 | $1.7M | $42.2M | ||
| Q3 25 | $1.2M | $35.9M | ||
| Q2 25 | $1.4M | $40.4M | ||
| Q1 25 | $4.6M | $54.1M | ||
| Q4 24 | $1.2M | $114.9M | ||
| Q3 24 | $1.3M | $120.2M | ||
| Q2 24 | $1.5M | $117.9M | ||
| Q1 24 | $1.7M | $122.9M |
总债务CSVPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSVPDFS
| Q4 25 | $254.8M | $271.0M | ||
| Q3 25 | $242.1M | $264.4M | ||
| Q2 25 | $235.4M | $257.5M | ||
| Q1 25 | $223.1M | $249.0M | ||
| Q4 24 | $208.6M | $246.0M | ||
| Q3 24 | $198.1M | $240.5M | ||
| Q2 24 | $187.9M | $232.2M | ||
| Q1 24 | $179.6M | $225.4M |
总资产CSVPDFS
| Q4 25 | $1.3B | $418.7M | ||
| Q3 25 | $1.3B | $406.4M | ||
| Q2 25 | $1.3B | $391.1M | ||
| Q1 25 | $1.3B | $390.0M | ||
| Q4 24 | $1.3B | $315.3M | ||
| Q3 24 | $1.3B | $307.4M | ||
| Q2 24 | $1.3B | $298.0M | ||
| Q1 24 | $1.3B | $286.8M |
负债/权益比CSVPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $7.5M |
| 自由现金流率自由现金流/营收 | 5.9% | 12.1% |
| 资本支出强度资本支出/营收 | 7.5% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流CSVPDFS
| Q4 25 | $14.1M | $17.3M | ||
| Q3 25 | $24.7M | $3.3M | ||
| Q2 25 | $8.1M | $-5.2M | ||
| Q1 25 | $13.8M | $8.6M | ||
| Q4 24 | $9.3M | $1.6M | ||
| Q3 24 | $20.9M | $9.3M | ||
| Q2 24 | $2.2M | $684.0K | ||
| Q1 24 | $19.7M | $-1.9M |
自由现金流CSVPDFS
| Q4 25 | $6.2M | $7.5M | ||
| Q3 25 | $18.0M | $-2.9M | ||
| Q2 25 | $5.2M | $-13.8M | ||
| Q1 25 | $10.6M | $535.0K | ||
| Q4 24 | $4.9M | $-4.0M | ||
| Q3 24 | $16.2M | $5.1M | ||
| Q2 24 | $-1.4M | $-4.6M | ||
| Q1 24 | $16.2M | $-3.9M |
自由现金流率CSVPDFS
| Q4 25 | 5.9% | 12.1% | ||
| Q3 25 | 17.5% | -5.1% | ||
| Q2 25 | 5.1% | -26.6% | ||
| Q1 25 | 9.9% | 1.1% | ||
| Q4 24 | 5.0% | -8.0% | ||
| Q3 24 | 16.1% | 11.0% | ||
| Q2 24 | -1.4% | -11.1% | ||
| Q1 24 | 15.6% | -9.4% |
资本支出强度CSVPDFS
| Q4 25 | 7.5% | 15.7% | ||
| Q3 25 | 6.5% | 10.8% | ||
| Q2 25 | 2.8% | 16.5% | ||
| Q1 25 | 3.0% | 17.0% | ||
| Q4 24 | 4.5% | 11.3% | ||
| Q3 24 | 4.6% | 9.0% | ||
| Q2 24 | 3.5% | 12.8% | ||
| Q1 24 | 3.4% | 4.9% |
现金转化率CSVPDFS
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 2.54× | ||
| Q2 25 | 0.69× | -4.55× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 2.98× | ||
| Q3 24 | 2.11× | 4.20× | ||
| Q2 24 | 0.34× | 0.40× | ||
| 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% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
