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CARRIAGE SERVICES INC（CSV）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.3倍（$105.5M vs $78.6M），CARRIAGE SERVICES INC净利率更高（11.6% vs -178.3%，领先189.9%），CARRIAGE SERVICES INC同比增速更快（8.0% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $6.2M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -1.3%）
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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
CSV vs RPAY — 直观对比
营收规模更大
CSV
是对方的1.3倍
$78.6M
营收增速更快
CSV
高出7.6%
0.4%
净利率更高
CSV
高出189.9%
-178.3%
自由现金流更多
RPAY
多$17.0M
$6.2M
两年增速更快
CSV
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $78.6M |
| 净利润 | $12.3M | $-140.1M |
| 毛利率 | 34.8% | 74.2% |
| 营业利润率 | 23.3% | -182.2% |
| 净利率 | 11.6% | -178.3% |
| 营收同比 | 8.0% | 0.4% |
| 净利润同比 | 24.5% | -3304.1% |
| 每股收益（稀释后） | $0.76 | $-1.68 |
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CSVRPAY
| Q4 25 | $105.5M | $78.6M | ||
| Q3 25 | $102.7M | $77.7M | ||
| Q2 25 | $102.1M | $75.6M | ||
| Q1 25 | $107.1M | $77.3M | ||
| Q4 24 | $97.7M | $78.3M | ||
| Q3 24 | $100.7M | $79.1M | ||
| Q2 24 | $102.3M | $74.9M | ||
| Q1 24 | $103.5M | $80.7M |
净利润CSVRPAY
| Q4 25 | $12.3M | $-140.1M | ||
| Q3 25 | $6.6M | $-6.4M | ||
| Q2 25 | $11.7M | $-102.3M | ||
| Q1 25 | $20.9M | $-7.9M | ||
| Q4 24 | $9.9M | $-4.1M | ||
| Q3 24 | $9.9M | $3.2M | ||
| Q2 24 | $6.3M | $-4.1M | ||
| Q1 24 | $7.0M | $-5.2M |
毛利率CSVRPAY
| Q4 25 | 34.8% | 74.2% | ||
| Q3 25 | 35.3% | 74.4% | ||
| Q2 25 | 35.2% | 75.7% | ||
| Q1 25 | 35.3% | 75.9% | ||
| Q4 24 | 34.4% | 76.3% | ||
| Q3 24 | 35.2% | 77.8% | ||
| Q2 24 | 36.2% | 78.2% | ||
| Q1 24 | 36.0% | 76.2% |
营业利润率CSVRPAY
| Q4 25 | 23.3% | -182.2% | ||
| Q3 25 | 17.0% | -3.9% | ||
| Q2 25 | 23.5% | -138.7% | ||
| Q1 25 | 29.5% | -4.7% | ||
| Q4 24 | 21.6% | -1.5% | ||
| Q3 24 | 22.7% | -0.9% | ||
| Q2 24 | 18.0% | -4.6% | ||
| Q1 24 | 18.8% | -3.1% |
净利率CSVRPAY
| Q4 25 | 11.6% | -178.3% | ||
| Q3 25 | 6.4% | -8.3% | ||
| Q2 25 | 11.5% | -135.2% | ||
| Q1 25 | 19.5% | -10.3% | ||
| Q4 24 | 10.1% | -5.3% | ||
| Q3 24 | 9.8% | 4.1% | ||
| Q2 24 | 6.1% | -5.4% | ||
| Q1 24 | 6.7% | -6.5% |
每股收益（稀释后）CSVRPAY
| Q4 25 | $0.76 | $-1.68 | ||
| Q3 25 | $0.41 | $-0.08 | ||
| Q2 25 | $0.74 | $-1.15 | ||
| Q1 25 | $1.34 | $-0.09 | ||
| Q4 24 | $0.62 | $-0.04 | ||
| Q3 24 | $0.63 | $0.03 | ||
| Q2 24 | $0.40 | $-0.04 | ||
| Q1 24 | $0.45 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $254.8M | $484.4M |
| 总资产 | $1.3B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资CSVRPAY
| Q4 25 | $1.7M | $115.7M | ||
| Q3 25 | $1.2M | $95.7M | ||
| Q2 25 | $1.4M | $162.6M | ||
| Q1 25 | $4.6M | $165.5M | ||
| Q4 24 | $1.2M | $189.5M | ||
| Q3 24 | $1.3M | $168.7M | ||
| Q2 24 | $1.5M | $147.1M | ||
| Q1 24 | $1.7M | $128.3M |
总债务CSVRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益CSVRPAY
| Q4 25 | $254.8M | $484.4M | ||
| Q3 25 | $242.1M | $616.9M | ||
| Q2 25 | $235.4M | $633.7M | ||
| Q1 25 | $223.1M | $755.7M | ||
| Q4 24 | $208.6M | $761.3M | ||
| Q3 24 | $198.1M | $754.7M | ||
| Q2 24 | $187.9M | $815.4M | ||
| Q1 24 | $179.6M | $813.8M |
总资产CSVRPAY
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
负债/权益比CSVRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $23.2M |
| 自由现金流率自由现金流/营收 | 5.9% | 29.6% |
| 资本支出强度资本支出/营收 | 7.5% | 0.1% |
| 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 | $90.7M |
8季度趋势，按日历期对齐
经营现金流CSVRPAY
| Q4 25 | $14.1M | $23.3M | ||
| Q3 25 | $24.7M | $32.2M | ||
| Q2 25 | $8.1M | $33.1M | ||
| Q1 25 | $13.8M | $2.5M | ||
| Q4 24 | $9.3M | $34.3M | ||
| Q3 24 | $20.9M | $60.1M | ||
| Q2 24 | $2.2M | $31.0M | ||
| Q1 24 | $19.7M | $24.8M |
自由现金流CSVRPAY
| Q4 25 | $6.2M | $23.2M | ||
| Q3 25 | $18.0M | $32.1M | ||
| Q2 25 | $5.2M | $33.0M | ||
| Q1 25 | $10.6M | $2.4M | ||
| Q4 24 | $4.9M | $34.0M | ||
| Q3 24 | $16.2M | $59.8M | ||
| Q2 24 | $-1.4M | $30.5M | ||
| Q1 24 | $16.2M | $24.7M |
自由现金流率CSVRPAY
| Q4 25 | 5.9% | 29.6% | ||
| Q3 25 | 17.5% | 41.3% | ||
| Q2 25 | 5.1% | 43.6% | ||
| Q1 25 | 9.9% | 3.0% | ||
| Q4 24 | 5.0% | 43.5% | ||
| Q3 24 | 16.1% | 75.6% | ||
| Q2 24 | -1.4% | 40.7% | ||
| Q1 24 | 15.6% | 30.6% |
资本支出强度CSVRPAY
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 6.5% | 0.2% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 3.4% | 0.1% |
现金转化率CSVRPAY
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
