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CARRIAGE SERVICES INC（CSV）与Thryv Holdings, Inc.（THRY）财务数据对比。点击上方公司名可切换其他公司
Thryv Holdings, Inc.的季度营收约是CARRIAGE SERVICES INC的1.6倍（$167.7M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 2.7%，领先8.9%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -7.5%），CARRIAGE SERVICES INC自由现金流更多（$6.2M vs $-5.5M），过去两年CARRIAGE SERVICES INC的营收复合增速更高（1.0% vs -13.5%）
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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
CSV vs THRY — 直观对比
营收规模更大
THRY
是对方的1.6倍
$105.5M
营收增速更快
CSV
高出15.5%
-7.5%
净利率更高
CSV
高出8.9%
2.7%
自由现金流更多
CSV
多$11.7M
$-5.5M
两年增速更快
CSV
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $167.7M |
| 净利润 | $12.3M | $4.5M |
| 毛利率 | 34.8% | 65.2% |
| 营业利润率 | 23.3% | 37.3% |
| 净利率 | 11.6% | 2.7% |
| 营收同比 | 8.0% | -7.5% |
| 净利润同比 | 24.5% | 147.2% |
| 每股收益（稀释后） | $0.76 | $0.10 |
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CSVTHRY
| Q1 26 | — | $167.7M | ||
| Q4 25 | $105.5M | $191.6M | ||
| Q3 25 | $102.7M | $201.6M | ||
| Q2 25 | $102.1M | $210.5M | ||
| Q1 25 | $107.1M | $181.4M | ||
| Q4 24 | $97.7M | $186.6M | ||
| Q3 24 | $100.7M | $179.9M | ||
| Q2 24 | $102.3M | $224.1M |
净利润CSVTHRY
| Q1 26 | — | $4.5M | ||
| Q4 25 | $12.3M | $-9.7M | ||
| Q3 25 | $6.6M | $5.7M | ||
| Q2 25 | $11.7M | $13.9M | ||
| Q1 25 | $20.9M | $-9.6M | ||
| Q4 24 | $9.9M | $7.9M | ||
| Q3 24 | $9.9M | $-96.1M | ||
| Q2 24 | $6.3M | $5.5M |
毛利率CSVTHRY
| Q1 26 | — | 65.2% | ||
| Q4 25 | 34.8% | 68.0% | ||
| Q3 25 | 35.3% | 67.7% | ||
| Q2 25 | 35.2% | 69.7% | ||
| Q1 25 | 35.3% | 65.8% | ||
| Q4 24 | 34.4% | 65.9% | ||
| Q3 24 | 35.2% | 62.3% | ||
| Q2 24 | 36.2% | 66.3% |
营业利润率CSVTHRY
| Q1 26 | — | 37.3% | ||
| Q4 25 | 23.3% | 5.3% | ||
| Q3 25 | 17.0% | 9.9% | ||
| Q2 25 | 23.5% | 14.0% | ||
| Q1 25 | 29.5% | -1.7% | ||
| Q4 24 | 21.6% | -3.9% | ||
| Q3 24 | 22.7% | -49.2% | ||
| Q2 24 | 18.0% | 14.0% |
净利率CSVTHRY
| Q1 26 | — | 2.7% | ||
| Q4 25 | 11.6% | -5.0% | ||
| Q3 25 | 6.4% | 2.8% | ||
| Q2 25 | 11.5% | 6.6% | ||
| Q1 25 | 19.5% | -5.3% | ||
| Q4 24 | 10.1% | 4.2% | ||
| Q3 24 | 9.8% | -53.4% | ||
| Q2 24 | 6.1% | 2.5% |
每股收益（稀释后）CSVTHRY
| Q1 26 | — | $0.10 | ||
| Q4 25 | $0.76 | $-0.21 | ||
| Q3 25 | $0.41 | $0.13 | ||
| Q2 25 | $0.74 | $0.31 | ||
| Q1 25 | $1.34 | $-0.22 | ||
| Q4 24 | $0.62 | $0.28 | ||
| Q3 24 | $0.63 | $-2.65 | ||
| Q2 24 | $0.40 | $0.15 |
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 | $8.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $225.4M |
| 总资产 | $1.3B | $693.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CSVTHRY
| Q1 26 | — | $8.0M | ||
| Q4 25 | $1.7M | $10.8M | ||
| Q3 25 | $1.2M | $11.6M | ||
| Q2 25 | $1.4M | $10.8M | ||
| Q1 25 | $4.6M | $11.0M | ||
| Q4 24 | $1.2M | $16.3M | ||
| Q3 24 | $1.3M | $12.5M | ||
| Q2 24 | $1.5M | $15.5M |
总债务CSVTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | $253.5M | ||
| Q3 25 | — | $268.2M | ||
| Q2 25 | — | $275.6M | ||
| Q1 25 | — | $299.0M | ||
| Q4 24 | — | $284.3M | ||
| Q3 24 | — | $307.8M | ||
| Q2 24 | — | $342.1M |
股东权益CSVTHRY
| Q1 26 | — | $225.4M | ||
| Q4 25 | $254.8M | $218.1M | ||
| Q3 25 | $242.1M | $221.1M | ||
| Q2 25 | $235.4M | $214.9M | ||
| Q1 25 | $223.1M | $193.2M | ||
| Q4 24 | $208.6M | $196.9M | ||
| Q3 24 | $198.1M | $94.5M | ||
| Q2 24 | $187.9M | $183.1M |
总资产CSVTHRY
| Q1 26 | — | $693.7M | ||
| Q4 25 | $1.3B | $688.6M | ||
| Q3 25 | $1.3B | $701.8M | ||
| Q2 25 | $1.3B | $687.7M | ||
| Q1 25 | $1.3B | $703.7M | ||
| Q4 24 | $1.3B | $712.2M | ||
| Q3 24 | $1.3B | $654.8M | ||
| Q2 24 | $1.3B | $785.5M |
负债/权益比CSVTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 3.26× | ||
| Q2 24 | — | 1.87× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $-5.5M |
| 自由现金流率自由现金流/营收 | 5.9% | -3.3% |
| 资本支出强度资本支出/营收 | 7.5% | — |
| 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 | $43.3M |
8季度趋势，按日历期对齐
经营现金流CSVTHRY
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $22.2M | ||
| Q3 25 | $24.7M | $22.2M | ||
| Q2 25 | $8.1M | $29.6M | ||
| Q1 25 | $13.8M | $-10.5M | ||
| Q4 24 | $9.3M | $26.1M | ||
| Q3 24 | $20.9M | $36.0M | ||
| Q2 24 | $2.2M | $22.2M |
自由现金流CSVTHRY
| Q1 26 | — | $-5.5M | ||
| Q4 25 | $6.2M | $12.3M | ||
| Q3 25 | $18.0M | $14.6M | ||
| Q2 25 | $5.2M | $21.8M | ||
| Q1 25 | $10.6M | $-17.6M | ||
| Q4 24 | $4.9M | $17.3M | ||
| Q3 24 | $16.2M | $27.5M | ||
| Q2 24 | $-1.4M | $13.3M |
自由现金流率CSVTHRY
| Q1 26 | — | -3.3% | ||
| Q4 25 | 5.9% | 6.4% | ||
| Q3 25 | 17.5% | 7.2% | ||
| Q2 25 | 5.1% | 10.4% | ||
| Q1 25 | 9.9% | -9.7% | ||
| Q4 24 | 5.0% | 9.3% | ||
| Q3 24 | 16.1% | 15.3% | ||
| Q2 24 | -1.4% | 5.9% |
资本支出强度CSVTHRY
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 5.2% | ||
| Q3 25 | 6.5% | 3.8% | ||
| Q2 25 | 2.8% | 3.7% | ||
| Q1 25 | 3.0% | 3.9% | ||
| Q4 24 | 4.5% | 4.7% | ||
| Q3 24 | 4.6% | 4.7% | ||
| Q2 24 | 3.5% | 4.0% |
现金转化率CSVTHRY
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 3.93× | ||
| Q2 25 | 0.69× | 2.12× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 3.32× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | 4.01× |
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% |
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
