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CARRIAGE SERVICES INC（CSV）与WisdomTree, Inc.（WT）财务数据对比。点击上方公司名可切换其他公司
WisdomTree, Inc.的季度营收约是CARRIAGE SERVICES INC的1.5倍（$159.5M vs $105.5M），WisdomTree, Inc.净利率更高（25.5% vs 11.6%，领先13.8%），WisdomTree, Inc.同比增速更快（47.5% vs 8.0%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
CSV vs WT — 直观对比
营收规模更大
WT
是对方的1.5倍
$105.5M
营收增速更快
WT
高出39.6%
8.0%
净利率更高
WT
高出13.8%
11.6%
两年增速更快
WT
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $159.5M |
| 净利润 | $12.3M | $40.6M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 37.2% |
| 净利率 | 11.6% | 25.5% |
| 营收同比 | 8.0% | 47.5% |
| 净利润同比 | 24.5% | 76.4% |
| 每股收益（稀释后） | $0.76 | $0.28 |
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CSVWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $105.5M | $147.4M | ||
| Q3 25 | $102.7M | $125.6M | ||
| Q2 25 | $102.1M | $112.6M | ||
| Q1 25 | $107.1M | $108.1M | ||
| Q4 24 | $97.7M | $110.7M | ||
| Q3 24 | $100.7M | $113.2M | ||
| Q2 24 | $102.3M | $107.0M |
净利润CSVWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $12.3M | $40.0M | ||
| Q3 25 | $6.6M | $19.7M | ||
| Q2 25 | $11.7M | $24.8M | ||
| Q1 25 | $20.9M | $24.6M | ||
| Q4 24 | $9.9M | $27.3M | ||
| Q3 24 | $9.9M | $-4.5M | ||
| Q2 24 | $6.3M | $21.8M |
毛利率CSVWT
| 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CSVWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 23.3% | 40.5% | ||
| Q3 25 | 17.0% | 36.3% | ||
| Q2 25 | 23.5% | 30.8% | ||
| Q1 25 | 29.5% | 31.6% | ||
| Q4 24 | 21.6% | 31.7% | ||
| Q3 24 | 22.7% | 36.0% | ||
| Q2 24 | 18.0% | 31.3% |
净利率CSVWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | 11.6% | 27.1% | ||
| Q3 25 | 6.4% | 15.7% | ||
| Q2 25 | 11.5% | 22.0% | ||
| Q1 25 | 19.5% | 22.8% | ||
| Q4 24 | 10.1% | 24.7% | ||
| Q3 24 | 9.8% | -4.0% | ||
| Q2 24 | 6.1% | 20.3% |
每股收益（稀释后）CSVWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.76 | $0.28 | ||
| Q3 25 | $0.41 | $0.13 | ||
| Q2 25 | $0.74 | $0.17 | ||
| Q1 25 | $1.34 | $0.17 | ||
| Q4 24 | $0.62 | $0.20 | ||
| Q3 24 | $0.63 | $-0.13 | ||
| Q2 24 | $0.40 | $0.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | — |
| 总资产 | $1.3B | $1.8B |
| 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CSVWT
| Q1 26 | — | — | ||
| 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 | $132.5M |
股东权益CSVWT
| Q1 26 | — | — | ||
| Q4 25 | $254.8M | $413.7M | ||
| Q3 25 | $242.1M | $373.4M | ||
| Q2 25 | $235.4M | $445.1M | ||
| Q1 25 | $223.1M | $415.6M | ||
| Q4 24 | $208.6M | $400.0M | ||
| Q3 24 | $198.1M | $374.9M | ||
| Q2 24 | $187.9M | $445.6M |
总资产CSVWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $964.1M |
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 | $18.0M |
| 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× | 0.44× |
| 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CSVWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $14.1M | $147.9M | ||
| Q3 25 | $24.7M | $48.1M | ||
| Q2 25 | $8.1M | $38.8M | ||
| Q1 25 | $13.8M | $6.4M | ||
| Q4 24 | $9.3M | $113.5M | ||
| Q3 24 | $20.9M | $47.7M | ||
| Q2 24 | $2.2M | $32.2M |
自由现金流CSVWT
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $147.7M | ||
| Q3 25 | $18.0M | $48.0M | ||
| Q2 25 | $5.2M | $38.7M | ||
| Q1 25 | $10.6M | $6.3M | ||
| Q4 24 | $4.9M | $113.3M | ||
| Q3 24 | $16.2M | $47.7M | ||
| Q2 24 | $-1.4M | $32.2M |
自由现金流率CSVWT
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 100.2% | ||
| Q3 25 | 17.5% | 38.2% | ||
| Q2 25 | 5.1% | 34.4% | ||
| Q1 25 | 9.9% | 5.9% | ||
| Q4 24 | 5.0% | 102.4% | ||
| Q3 24 | 16.1% | 42.1% | ||
| Q2 24 | -1.4% | 30.1% |
资本支出强度CSVWT
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 6.5% | 0.0% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 3.0% | 0.0% | ||
| Q4 24 | 4.5% | 0.1% | ||
| Q3 24 | 4.6% | 0.0% | ||
| Q2 24 | 3.5% | 0.0% |
现金转化率CSVWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | 1.15× | 3.70× | ||
| Q3 25 | 3.76× | 2.44× | ||
| Q2 25 | 0.69× | 1.57× | ||
| Q1 25 | 0.66× | 0.26× | ||
| Q4 24 | 0.94× | 4.15× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
