vs
CARRIAGE SERVICES INC（CSV）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是CARRIAGE SERVICES INC的1.7倍（$179.7M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs -29.5%，领先41.1%），Rocket Lab Corp同比增速更快（35.7% vs 8.0%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
CSV vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.7倍
$105.5M
营收增速更快
RKLB
高出27.7%
8.0%
净利率更高
CSV
高出41.1%
-29.5%
自由现金流更多
CSV
多$120.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $179.7M |
| 净利润 | $12.3M | $-52.9M |
| 毛利率 | 34.8% | 38.0% |
| 营业利润率 | 23.3% | -28.4% |
| 净利率 | 11.6% | -29.5% |
| 营收同比 | 8.0% | 35.7% |
| 净利润同比 | 24.5% | -1.1% |
| 每股收益（稀释后） | $0.76 | $-0.09 |
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CSVRKLB
| Q4 25 | $105.5M | $179.7M | ||
| Q3 25 | $102.7M | $155.1M | ||
| Q2 25 | $102.1M | $144.5M | ||
| Q1 25 | $107.1M | $122.6M | ||
| Q4 24 | $97.7M | $132.4M | ||
| Q3 24 | $100.7M | $104.8M | ||
| Q2 24 | $102.3M | $106.3M | ||
| Q1 24 | $103.5M | $92.8M |
净利润CSVRKLB
| Q4 25 | $12.3M | $-52.9M | ||
| Q3 25 | $6.6M | $-18.3M | ||
| Q2 25 | $11.7M | $-66.4M | ||
| Q1 25 | $20.9M | $-60.6M | ||
| Q4 24 | $9.9M | $-52.3M | ||
| Q3 24 | $9.9M | $-51.9M | ||
| Q2 24 | $6.3M | $-41.6M | ||
| Q1 24 | $7.0M | $-44.3M |
毛利率CSVRKLB
| Q4 25 | 34.8% | 38.0% | ||
| Q3 25 | 35.3% | 37.0% | ||
| Q2 25 | 35.2% | 32.1% | ||
| Q1 25 | 35.3% | 28.8% | ||
| Q4 24 | 34.4% | 27.8% | ||
| Q3 24 | 35.2% | 26.7% | ||
| Q2 24 | 36.2% | 25.6% | ||
| Q1 24 | 36.0% | 26.1% |
营业利润率CSVRKLB
| Q4 25 | 23.3% | -28.4% | ||
| Q3 25 | 17.0% | -38.0% | ||
| Q2 25 | 23.5% | -41.3% | ||
| Q1 25 | 29.5% | -48.3% | ||
| Q4 24 | 21.6% | -38.9% | ||
| Q3 24 | 22.7% | -49.5% | ||
| Q2 24 | 18.0% | -40.7% | ||
| Q1 24 | 18.8% | -46.4% |
净利率CSVRKLB
| Q4 25 | 11.6% | -29.5% | ||
| Q3 25 | 6.4% | -11.8% | ||
| Q2 25 | 11.5% | -46.0% | ||
| Q1 25 | 19.5% | -49.5% | ||
| Q4 24 | 10.1% | -39.5% | ||
| Q3 24 | 9.8% | -49.6% | ||
| Q2 24 | 6.1% | -39.2% | ||
| Q1 24 | 6.7% | -47.7% |
每股收益（稀释后）CSVRKLB
| Q4 25 | $0.76 | $-0.09 | ||
| Q3 25 | $0.41 | $-0.03 | ||
| Q2 25 | $0.74 | $-0.13 | ||
| Q1 25 | $1.34 | $-0.12 | ||
| Q4 24 | $0.62 | $-0.11 | ||
| Q3 24 | $0.63 | $-0.10 | ||
| Q2 24 | $0.40 | $-0.08 | ||
| Q1 24 | $0.45 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $254.8M | $1.7B |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CSVRKLB
| Q4 25 | $1.7M | $1.0B | ||
| Q3 25 | $1.2M | $976.7M | ||
| Q2 25 | $1.4M | $688.1M | ||
| Q1 25 | $4.6M | $428.4M | ||
| Q4 24 | $1.2M | $419.0M | ||
| Q3 24 | $1.3M | $442.4M | ||
| Q2 24 | $1.5M | $496.8M | ||
| Q1 24 | $1.7M | $492.5M |
总债务CSVRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益CSVRKLB
| Q4 25 | $254.8M | $1.7B | ||
| Q3 25 | $242.1M | $1.3B | ||
| Q2 25 | $235.4M | $688.5M | ||
| Q1 25 | $223.1M | $431.3M | ||
| Q4 24 | $208.6M | $382.5M | ||
| Q3 24 | $198.1M | $419.8M | ||
| Q2 24 | $187.9M | $455.2M | ||
| Q1 24 | $179.6M | $478.9M |
总资产CSVRKLB
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
负债/权益比CSVRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | 5.9% | -63.6% |
| 资本支出强度资本支出/营收 | 7.5% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CSVRKLB
| Q4 25 | $14.1M | $-64.5M | ||
| Q3 25 | $24.7M | $-23.5M | ||
| Q2 25 | $8.1M | $-23.2M | ||
| Q1 25 | $13.8M | $-54.2M | ||
| Q4 24 | $9.3M | $-2.4M | ||
| Q3 24 | $20.9M | $-30.9M | ||
| Q2 24 | $2.2M | $-13.0M | ||
| Q1 24 | $19.7M | $-2.6M |
自由现金流CSVRKLB
| Q4 25 | $6.2M | $-114.2M | ||
| Q3 25 | $18.0M | $-69.4M | ||
| Q2 25 | $5.2M | $-55.3M | ||
| Q1 25 | $10.6M | $-82.9M | ||
| Q4 24 | $4.9M | $-23.9M | ||
| Q3 24 | $16.2M | $-41.9M | ||
| Q2 24 | $-1.4M | $-28.3M | ||
| Q1 24 | $16.2M | $-21.8M |
自由现金流率CSVRKLB
| Q4 25 | 5.9% | -63.6% | ||
| Q3 25 | 17.5% | -44.8% | ||
| Q2 25 | 5.1% | -38.3% | ||
| Q1 25 | 9.9% | -67.6% | ||
| Q4 24 | 5.0% | -18.1% | ||
| Q3 24 | 16.1% | -40.0% | ||
| Q2 24 | -1.4% | -26.7% | ||
| Q1 24 | 15.6% | -23.5% |
资本支出强度CSVRKLB
| Q4 25 | 7.5% | 27.6% | ||
| Q3 25 | 6.5% | 29.6% | ||
| Q2 25 | 2.8% | 22.2% | ||
| Q1 25 | 3.0% | 23.4% | ||
| Q4 24 | 4.5% | 16.3% | ||
| Q3 24 | 4.6% | 10.5% | ||
| Q2 24 | 3.5% | 14.4% | ||
| Q1 24 | 3.4% | 20.7% |
现金转化率CSVRKLB
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
