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CARRIAGE SERVICES INC（CSV）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
CARRIAGE SERVICES INC的季度营收约是合众银行的1.8倍（$105.5M vs $57.8M），合众银行净利率更高（21.8% vs 11.6%，领先10.2%），过去两年合众银行的营收复合增速更高（9.5% 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。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
CSV vs WASH — 直观对比
营收规模更大
CSV
是对方的1.8倍
$57.8M
净利率更高
WASH
高出10.2%
11.6%
两年增速更快
WASH
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $57.8M |
| 净利润 | $12.3M | $12.6M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | — |
| 净利率 | 11.6% | 21.8% |
| 营收同比 | 8.0% | — |
| 净利润同比 | 24.5% | 3.5% |
| 每股收益（稀释后） | $0.76 | $0.66 |
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CSVWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $105.5M | $59.3M | ||
| Q3 25 | $102.7M | $56.5M | ||
| Q2 25 | $102.1M | $54.3M | ||
| Q1 25 | $107.1M | $59.1M | ||
| Q4 24 | $97.7M | $12.4M | ||
| Q3 24 | $100.7M | $48.5M | ||
| Q2 24 | $102.3M | $48.2M |
净利润CSVWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $12.3M | $16.0M | ||
| Q3 25 | $6.6M | $10.8M | ||
| Q2 25 | $11.7M | $13.2M | ||
| Q1 25 | $20.9M | $12.2M | ||
| Q4 24 | $9.9M | $-60.8M | ||
| Q3 24 | $9.9M | $11.0M | ||
| Q2 24 | $6.3M | $10.8M |
毛利率CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | 35.3% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.2% | — |
营业利润率CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | 23.3% | 34.9% | ||
| Q3 25 | 17.0% | 24.7% | ||
| Q2 25 | 23.5% | 31.6% | ||
| Q1 25 | 29.5% | 26.5% | ||
| Q4 24 | 21.6% | -648.7% | ||
| Q3 24 | 22.7% | 28.5% | ||
| Q2 24 | 18.0% | 28.7% |
净利率CSVWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | 11.6% | 27.0% | ||
| Q3 25 | 6.4% | 19.2% | ||
| Q2 25 | 11.5% | 24.4% | ||
| Q1 25 | 19.5% | 20.6% | ||
| Q4 24 | 10.1% | -491.4% | ||
| Q3 24 | 9.8% | 22.6% | ||
| Q2 24 | 6.1% | 22.4% |
每股收益（稀释后）CSVWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.76 | $0.84 | ||
| Q3 25 | $0.41 | $0.56 | ||
| Q2 25 | $0.74 | $0.68 | ||
| Q1 25 | $1.34 | $0.63 | ||
| Q4 24 | $0.62 | $-3.54 | ||
| Q3 24 | $0.63 | $0.64 | ||
| Q2 24 | $0.40 | $0.63 |
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 | $12.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $546.8M |
| 总资产 | $1.3B | $6.5B |
| 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CSVWASH
| Q1 26 | — | $12.3M | ||
| 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 | — |
股东权益CSVWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $254.8M | $543.6M | ||
| Q3 25 | $242.1M | $533.0M | ||
| Q2 25 | $235.4M | $527.5M | ||
| Q1 25 | $223.1M | $521.7M | ||
| Q4 24 | $208.6M | $499.7M | ||
| Q3 24 | $198.1M | $502.2M | ||
| Q2 24 | $187.9M | $471.0M |
总资产CSVWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $1.3B | $6.6B | ||
| Q3 25 | $1.3B | $6.7B | ||
| Q2 25 | $1.3B | $6.7B | ||
| Q1 25 | $1.3B | $6.6B | ||
| Q4 24 | $1.3B | $6.9B | ||
| Q3 24 | $1.3B | $7.1B | ||
| Q2 24 | $1.3B | $7.2B |
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 | — |
| 自由现金流率自由现金流/营收 | 5.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $80.3M | ||
| Q3 25 | $24.7M | $39.6M | ||
| Q2 25 | $8.1M | $11.3M | ||
| Q1 25 | $13.8M | $8.4M | ||
| Q4 24 | $9.3M | $57.7M | ||
| Q3 24 | $20.9M | $25.7M | ||
| Q2 24 | $2.2M | $11.2M |
自由现金流CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $78.3M | ||
| Q3 25 | $18.0M | $39.3M | ||
| Q2 25 | $5.2M | $10.9M | ||
| Q1 25 | $10.6M | $8.4M | ||
| Q4 24 | $4.9M | $53.7M | ||
| Q3 24 | $16.2M | $24.4M | ||
| Q2 24 | $-1.4M | $9.6M |
自由现金流率CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 132.2% | ||
| Q3 25 | 17.5% | 69.6% | ||
| Q2 25 | 5.1% | 20.2% | ||
| Q1 25 | 9.9% | 14.2% | ||
| Q4 24 | 5.0% | 433.8% | ||
| Q3 24 | 16.1% | 50.4% | ||
| Q2 24 | -1.4% | 19.8% |
资本支出强度CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 3.4% | ||
| Q3 25 | 6.5% | 0.6% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 3.0% | 0.1% | ||
| Q4 24 | 4.5% | 32.3% | ||
| Q3 24 | 4.6% | 2.6% | ||
| Q2 24 | 3.5% | 3.4% |
现金转化率CSVWASH
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 5.03× | ||
| Q3 25 | 3.76× | 3.65× | ||
| Q2 25 | 0.69× | 0.86× | ||
| Q1 25 | 0.66× | 0.69× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 2.34× | ||
| Q2 24 | 0.34× | 1.03× |
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% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
