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CARRIAGE SERVICES INC（CSV）与通用动力（PLOW）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是CARRIAGE SERVICES INC的1.7倍（$184.5M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 7.0%，领先4.7%），通用动力同比增速更快（28.6% vs 8.0%），通用动力自由现金流更多（$92.8M vs $6.2M），过去两年通用动力的营收复合增速更高（38.9% 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。
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
CSV vs PLOW — 直观对比
营收规模更大
PLOW
是对方的1.7倍
$105.5M
营收增速更快
PLOW
高出20.6%
8.0%
净利率更高
CSV
高出4.7%
7.0%
自由现金流更多
PLOW
多$86.6M
$6.2M
两年增速更快
PLOW
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $184.5M |
| 净利润 | $12.3M | $12.8M |
| 毛利率 | 34.8% | 26.1% |
| 营业利润率 | 23.3% | 10.5% |
| 净利率 | 11.6% | 7.0% |
| 营收同比 | 8.0% | 28.6% |
| 净利润同比 | 24.5% | 62.3% |
| 每股收益（稀释后） | $0.76 | $0.54 |
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CSVPLOW
| Q4 25 | $105.5M | $184.5M | ||
| Q3 25 | $102.7M | $162.1M | ||
| Q2 25 | $102.1M | $194.3M | ||
| Q1 25 | $107.1M | $115.1M | ||
| Q4 24 | $97.7M | $143.5M | ||
| Q3 24 | $100.7M | $129.4M | ||
| Q2 24 | $102.3M | $199.9M | ||
| Q1 24 | $103.5M | $95.7M |
净利润CSVPLOW
| Q4 25 | $12.3M | $12.8M | ||
| Q3 25 | $6.6M | $8.0M | ||
| Q2 25 | $11.7M | $26.0M | ||
| Q1 25 | $20.9M | $148.0K | ||
| Q4 24 | $9.9M | $7.9M | ||
| Q3 24 | $9.9M | $32.3M | ||
| Q2 24 | $6.3M | $24.3M | ||
| Q1 24 | $7.0M | $-8.4M |
毛利率CSVPLOW
| Q4 25 | 34.8% | 26.1% | ||
| Q3 25 | 35.3% | 23.5% | ||
| Q2 25 | 35.2% | 31.0% | ||
| Q1 25 | 35.3% | 24.5% | ||
| Q4 24 | 34.4% | 24.9% | ||
| Q3 24 | 35.2% | 23.9% | ||
| Q2 24 | 36.2% | 30.7% | ||
| Q1 24 | 36.0% | 19.8% |
营业利润率CSVPLOW
| Q4 25 | 23.3% | 10.5% | ||
| Q3 25 | 17.0% | 8.7% | ||
| Q2 25 | 23.5% | 19.0% | ||
| Q1 25 | 29.5% | 2.8% | ||
| Q4 24 | 21.6% | 9.0% | ||
| Q3 24 | 22.7% | 35.4% | ||
| Q2 24 | 18.0% | 18.2% | ||
| Q1 24 | 18.8% | -6.7% |
净利率CSVPLOW
| Q4 25 | 11.6% | 7.0% | ||
| Q3 25 | 6.4% | 4.9% | ||
| Q2 25 | 11.5% | 13.4% | ||
| Q1 25 | 19.5% | 0.1% | ||
| Q4 24 | 10.1% | 5.5% | ||
| Q3 24 | 9.8% | 24.9% | ||
| Q2 24 | 6.1% | 12.2% | ||
| Q1 24 | 6.7% | -8.7% |
每股收益（稀释后）CSVPLOW
| Q4 25 | $0.76 | $0.54 | ||
| Q3 25 | $0.41 | $0.33 | ||
| Q2 25 | $0.74 | $1.09 | ||
| Q1 25 | $1.34 | $0.00 | ||
| Q4 24 | $0.62 | $0.35 | ||
| Q3 24 | $0.63 | $1.36 | ||
| Q2 24 | $0.40 | $1.02 | ||
| Q1 24 | $0.45 | $-0.37 |
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 | — |
| 总债务越低越好 | — | $144.0M |
| 股东权益账面价值 | $254.8M | $281.4M |
| 总资产 | $1.3B | $626.7M |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资CSVPLOW
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $1.7M | — |
总债务CSVPLOW
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSVPLOW
| Q4 25 | $254.8M | $281.4M | ||
| Q3 25 | $242.1M | $275.3M | ||
| Q2 25 | $235.4M | $273.3M | ||
| Q1 25 | $223.1M | $258.9M | ||
| Q4 24 | $208.6M | $264.2M | ||
| Q3 24 | $198.1M | $260.8M | ||
| Q2 24 | $187.9M | $236.7M | ||
| Q1 24 | $179.6M | $217.2M |
总资产CSVPLOW
| Q4 25 | $1.3B | $626.7M | ||
| Q3 25 | $1.3B | $694.9M | ||
| Q2 25 | $1.3B | $671.5M | ||
| Q1 25 | $1.3B | $621.0M | ||
| Q4 24 | $1.3B | $590.0M | ||
| Q3 24 | $1.3B | $665.6M | ||
| Q2 24 | $1.3B | $617.0M | ||
| Q1 24 | $1.3B | $577.1M |
负债/权益比CSVPLOW
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $92.8M |
| 自由现金流率自由现金流/营收 | 5.9% | 50.3% |
| 资本支出强度资本支出/营收 | 7.5% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.15× | 7.47× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $63.6M |
8季度趋势，按日历期对齐
经营现金流CSVPLOW
| Q4 25 | $14.1M | $95.9M | ||
| Q3 25 | $24.7M | $-8.5M | ||
| Q2 25 | $8.1M | $-11.4M | ||
| Q1 25 | $13.8M | $-1.3M | ||
| Q4 24 | $9.3M | $74.4M | ||
| Q3 24 | $20.9M | $-14.2M | ||
| Q2 24 | $2.2M | $2.5M | ||
| Q1 24 | $19.7M | $-21.6M |
自由现金流CSVPLOW
| Q4 25 | $6.2M | $92.8M | ||
| Q3 25 | $18.0M | $-11.4M | ||
| Q2 25 | $5.2M | $-14.3M | ||
| Q1 25 | $10.6M | $-3.5M | ||
| Q4 24 | $4.9M | $70.2M | ||
| Q3 24 | $16.2M | $-15.2M | ||
| Q2 24 | $-1.4M | $836.0K | ||
| Q1 24 | $16.2M | $-22.4M |
自由现金流率CSVPLOW
| Q4 25 | 5.9% | 50.3% | ||
| Q3 25 | 17.5% | -7.1% | ||
| Q2 25 | 5.1% | -7.4% | ||
| Q1 25 | 9.9% | -3.0% | ||
| Q4 24 | 5.0% | 48.9% | ||
| Q3 24 | 16.1% | -11.8% | ||
| Q2 24 | -1.4% | 0.4% | ||
| Q1 24 | 15.6% | -23.4% |
资本支出强度CSVPLOW
| Q4 25 | 7.5% | 1.7% | ||
| Q3 25 | 6.5% | 1.8% | ||
| Q2 25 | 2.8% | 1.5% | ||
| Q1 25 | 3.0% | 1.9% | ||
| Q4 24 | 4.5% | 2.9% | ||
| Q3 24 | 4.6% | 0.8% | ||
| Q2 24 | 3.5% | 0.8% | ||
| Q1 24 | 3.4% | 0.8% |
现金转化率CSVPLOW
| Q4 25 | 1.15× | 7.47× | ||
| Q3 25 | 3.76× | -1.07× | ||
| Q2 25 | 0.69× | -0.44× | ||
| Q1 25 | 0.66× | -9.03× | ||
| Q4 24 | 0.94× | 9.41× | ||
| Q3 24 | 2.11× | -0.44× | ||
| Q2 24 | 0.34× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
