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CARRIAGE SERVICES INC（CSV）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是CARRIAGE SERVICES INC的1.5倍（$154.4M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs 11.3%，领先0.3%），CARRIAGE SERVICES INC同比增速更快（8.0% vs 0.6%），WD 40 CO自由现金流更多（$9.1M vs $6.2M），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
CSV vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.5倍
$105.5M
营收增速更快
CSV
高出7.4%
0.6%
净利率更高
CSV
高出0.3%
11.3%
自由现金流更多
WDFC
多$2.8M
$6.2M
两年增速更快
WDFC
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $154.4M |
| 净利润 | $12.3M | $17.5M |
| 毛利率 | 34.8% | 56.2% |
| 营业利润率 | 23.3% | 15.1% |
| 净利率 | 11.6% | 11.3% |
| 营收同比 | 8.0% | 0.6% |
| 净利润同比 | 24.5% | -7.8% |
| 每股收益（稀释后） | $0.76 | $1.28 |
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CSVWDFC
| Q4 25 | $105.5M | $154.4M | ||
| Q3 25 | $102.7M | $163.5M | ||
| Q2 25 | $102.1M | $156.9M | ||
| Q1 25 | $107.1M | $146.1M | ||
| Q4 24 | $97.7M | $153.5M | ||
| Q3 24 | $100.7M | $156.0M | ||
| Q2 24 | $102.3M | $155.0M | ||
| Q1 24 | $103.5M | $139.1M |
净利润CSVWDFC
| Q4 25 | $12.3M | $17.5M | ||
| Q3 25 | $6.6M | $21.2M | ||
| Q2 25 | $11.7M | $21.0M | ||
| Q1 25 | $20.9M | $29.9M | ||
| Q4 24 | $9.9M | $18.9M | ||
| Q3 24 | $9.9M | $16.8M | ||
| Q2 24 | $6.3M | $19.8M | ||
| Q1 24 | $7.0M | $15.5M |
毛利率CSVWDFC
| Q4 25 | 34.8% | 56.2% | ||
| Q3 25 | 35.3% | 54.7% | ||
| Q2 25 | 35.2% | 56.2% | ||
| Q1 25 | 35.3% | 54.6% | ||
| Q4 24 | 34.4% | 54.8% | ||
| Q3 24 | 35.2% | 54.1% | ||
| Q2 24 | 36.2% | 53.1% | ||
| Q1 24 | 36.0% | 52.4% |
营业利润率CSVWDFC
| Q4 25 | 23.3% | 15.1% | ||
| Q3 25 | 17.0% | 17.1% | ||
| Q2 25 | 23.5% | 17.4% | ||
| Q1 25 | 29.5% | 15.9% | ||
| Q4 24 | 21.6% | 16.4% | ||
| Q3 24 | 22.7% | 15.4% | ||
| Q2 24 | 18.0% | 17.5% | ||
| Q1 24 | 18.8% | 15.1% |
净利率CSVWDFC
| Q4 25 | 11.6% | 11.3% | ||
| Q3 25 | 6.4% | 13.0% | ||
| Q2 25 | 11.5% | 13.4% | ||
| Q1 25 | 19.5% | 20.4% | ||
| Q4 24 | 10.1% | 12.3% | ||
| Q3 24 | 9.8% | 10.8% | ||
| Q2 24 | 6.1% | 12.8% | ||
| Q1 24 | 6.7% | 11.2% |
每股收益（稀释后）CSVWDFC
| Q4 25 | $0.76 | $1.28 | ||
| Q3 25 | $0.41 | $1.57 | ||
| Q2 25 | $0.74 | $1.54 | ||
| Q1 25 | $1.34 | $2.19 | ||
| Q4 24 | $0.62 | $1.39 | ||
| Q3 24 | $0.63 | $1.23 | ||
| Q2 24 | $0.40 | $1.46 | ||
| Q1 24 | $0.45 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | — | $85.7M |
| 股东权益账面价值 | $254.8M | $264.1M |
| 总资产 | $1.3B | $459.7M |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资CSVWDFC
| Q4 25 | $1.7M | $48.6M | ||
| Q3 25 | $1.2M | $58.1M | ||
| Q2 25 | $1.4M | $51.7M | ||
| Q1 25 | $4.6M | $53.0M | ||
| Q4 24 | $1.2M | $54.9M | ||
| Q3 24 | $1.3M | $46.7M | ||
| Q2 24 | $1.5M | $45.3M | ||
| Q1 24 | $1.7M | $55.4M |
总债务CSVWDFC
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $86.2M | ||
| Q2 25 | — | $85.6M | ||
| Q1 25 | — | $84.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $85.5M | ||
| Q1 24 | — | $85.9M |
股东权益CSVWDFC
| Q4 25 | $254.8M | $264.1M | ||
| Q3 25 | $242.1M | $268.2M | ||
| Q2 25 | $235.4M | $257.1M | ||
| Q1 25 | $223.1M | $242.1M | ||
| Q4 24 | $208.6M | $226.3M | ||
| Q3 24 | $198.1M | $230.5M | ||
| Q2 24 | $187.9M | $222.2M | ||
| Q1 24 | $179.6M | $216.3M |
总资产CSVWDFC
| Q4 25 | $1.3B | $459.7M | ||
| Q3 25 | $1.3B | $475.8M | ||
| Q2 25 | $1.3B | $456.0M | ||
| Q1 25 | $1.3B | $458.3M | ||
| Q4 24 | $1.3B | $447.3M | ||
| Q3 24 | $1.3B | $449.0M | ||
| Q2 24 | $1.3B | $443.6M | ||
| Q1 24 | $1.3B | $442.0M |
负债/权益比CSVWDFC
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $9.1M |
| 自由现金流率自由现金流/营收 | 5.9% | 5.9% |
| 资本支出强度资本支出/营收 | 7.5% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $78.2M |
8季度趋势，按日历期对齐
经营现金流CSVWDFC
| Q4 25 | $14.1M | $10.0M | ||
| Q3 25 | $24.7M | $29.9M | ||
| Q2 25 | $8.1M | $35.1M | ||
| Q1 25 | $13.8M | $8.0M | ||
| Q4 24 | $9.3M | $14.9M | ||
| Q3 24 | $20.9M | $27.2M | ||
| Q2 24 | $2.2M | $19.9M | ||
| Q1 24 | $19.7M | $18.0M |
自由现金流CSVWDFC
| Q4 25 | $6.2M | $9.1M | ||
| Q3 25 | $18.0M | $28.6M | ||
| Q2 25 | $5.2M | $34.0M | ||
| Q1 25 | $10.6M | $6.6M | ||
| Q4 24 | $4.9M | $14.2M | ||
| Q3 24 | $16.2M | $26.4M | ||
| Q2 24 | $-1.4M | $18.7M | ||
| Q1 24 | $16.2M | $16.7M |
自由现金流率CSVWDFC
| Q4 25 | 5.9% | 5.9% | ||
| Q3 25 | 17.5% | 17.5% | ||
| Q2 25 | 5.1% | 21.6% | ||
| Q1 25 | 9.9% | 4.5% | ||
| Q4 24 | 5.0% | 9.3% | ||
| Q3 24 | 16.1% | 16.9% | ||
| Q2 24 | -1.4% | 12.0% | ||
| Q1 24 | 15.6% | 12.0% |
资本支出强度CSVWDFC
| Q4 25 | 7.5% | 0.6% | ||
| Q3 25 | 6.5% | 0.8% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 3.0% | 0.9% | ||
| Q4 24 | 4.5% | 0.5% | ||
| Q3 24 | 4.6% | 0.5% | ||
| Q2 24 | 3.5% | 0.8% | ||
| Q1 24 | 3.4% | 0.9% |
现金转化率CSVWDFC
| Q4 25 | 1.15× | 0.57× | ||
| Q3 25 | 3.76× | 1.41× | ||
| Q2 25 | 0.69× | 1.67× | ||
| Q1 25 | 0.66× | 0.27× | ||
| Q4 24 | 0.94× | 0.79× | ||
| Q3 24 | 2.11× | 1.62× | ||
| Q2 24 | 0.34× | 1.00× | ||
| Q1 24 | 2.83× | 1.16× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
