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CARRIAGE SERVICES INC（CSV）与YELP INC（YELP）财务数据对比。点击上方公司名可切换其他公司
YELP INC的季度营收约是CARRIAGE SERVICES INC的3.4倍（$360.0M vs $105.5M）。CARRIAGE SERVICES INC净利率更高（11.6% vs 10.5%，领先1.1%）。CARRIAGE SERVICES INC同比增速更快（8.0% vs -0.5%）。YELP INC自由现金流更多（$72.3M vs $6.2M）。过去两年YELP INC的营收复合增速更高（4.0% 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。
Yelp Inc.是一家总部位于旧金山的美国企业，旗下运营Yelp.com网站与Yelp移动应用，主打用户生成的本地商户点评内容，同时还提供Yelp Guest Manager餐桌预订服务，为消费者和商家搭建双向信息对接的服务平台。
CSV vs YELP — 直观对比
营收规模更大
YELP
是对方的3.4倍
$105.5M
营收增速更快
CSV
高出8.5%
-0.5%
净利率更高
CSV
高出1.1%
10.5%
自由现金流更多
YELP
多$66.1M
$6.2M
两年增速更快
YELP
近两年复合增速
1.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $105.5M | $360.0M |
| 净利润 | $12.3M | $37.8M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 23.3% | 13.6% |
| 净利率 | 11.6% | 10.5% |
| 营收同比 | 8.0% | -0.5% |
| 净利润同比 | 24.5% | -10.5% |
| 每股收益（稀释后） | $0.76 | $0.60 |
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CSVYELP
| Q4 25 | $105.5M | $360.0M | ||
| Q3 25 | $102.7M | $376.0M | ||
| Q2 25 | $102.1M | $370.4M | ||
| Q1 25 | $107.1M | $358.5M | ||
| Q4 24 | $97.7M | $362.0M | ||
| Q3 24 | $100.7M | $360.3M | ||
| Q2 24 | $102.3M | $357.0M | ||
| Q1 24 | $103.5M | $332.8M |
净利润CSVYELP
| Q4 25 | $12.3M | $37.8M | ||
| Q3 25 | $6.6M | $39.3M | ||
| Q2 25 | $11.7M | $44.1M | ||
| Q1 25 | $20.9M | $24.4M | ||
| Q4 24 | $9.9M | $42.2M | ||
| Q3 24 | $9.9M | $38.4M | ||
| Q2 24 | $6.3M | $38.0M | ||
| Q1 24 | $7.0M | $14.2M |
毛利率CSVYELP
| 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% | — | ||
| Q1 24 | 36.0% | — |
营业利润率CSVYELP
| Q4 25 | 23.3% | 13.6% | ||
| Q3 25 | 17.0% | 14.1% | ||
| Q2 25 | 23.5% | 14.4% | ||
| Q1 25 | 29.5% | 8.2% | ||
| Q4 24 | 21.6% | 14.8% | ||
| Q3 24 | 22.7% | 12.9% | ||
| Q2 24 | 18.0% | 11.1% | ||
| Q1 24 | 18.8% | 3.4% |
净利率CSVYELP
| Q4 25 | 11.6% | 10.5% | ||
| Q3 25 | 6.4% | 10.5% | ||
| Q2 25 | 11.5% | 11.9% | ||
| Q1 25 | 19.5% | 6.8% | ||
| Q4 24 | 10.1% | 11.7% | ||
| Q3 24 | 9.8% | 10.7% | ||
| Q2 24 | 6.1% | 10.7% | ||
| Q1 24 | 6.7% | 4.3% |
每股收益（稀释后）CSVYELP
| Q4 25 | $0.76 | $0.60 | ||
| Q3 25 | $0.41 | $0.61 | ||
| Q2 25 | $0.74 | $0.67 | ||
| Q1 25 | $1.34 | $0.36 | ||
| Q4 24 | $0.62 | $0.58 | ||
| Q3 24 | $0.63 | $0.56 | ||
| Q2 24 | $0.40 | $0.54 | ||
| Q1 24 | $0.45 | $0.20 |
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 | $319.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $254.8M | $710.9M |
| 总资产 | $1.3B | $958.5M |
| 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CSVYELP
| Q4 25 | $1.7M | $319.4M | ||
| Q3 25 | $1.2M | $333.6M | ||
| Q2 25 | $1.4M | $301.1M | ||
| Q1 25 | $4.6M | $324.4M | ||
| Q4 24 | $1.2M | $317.9M | ||
| Q3 24 | $1.3M | $397.0M | ||
| Q2 24 | $1.5M | $384.8M | ||
| Q1 24 | $1.7M | $420.8M |
股东权益CSVYELP
| Q4 25 | $254.8M | $710.9M | ||
| Q3 25 | $242.1M | $733.2M | ||
| Q2 25 | $235.4M | $746.4M | ||
| Q1 25 | $223.1M | $728.0M | ||
| Q4 24 | $208.6M | $744.0M | ||
| Q3 24 | $198.1M | $739.5M | ||
| Q2 24 | $187.9M | $735.3M | ||
| Q1 24 | $179.6M | $722.0M |
总资产CSVYELP
| Q4 25 | $1.3B | $958.5M | ||
| Q3 25 | $1.3B | $989.9M | ||
| Q2 25 | $1.3B | $980.2M | ||
| Q1 25 | $1.3B | $985.2M | ||
| Q4 24 | $1.3B | $983.6M | ||
| Q3 24 | $1.3B | $980.2M | ||
| Q2 24 | $1.3B | $965.0M | ||
| Q1 24 | $1.3B | $993.5M |
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 | $84.5M |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $72.3M |
| 自由现金流率自由现金流/营收 | 5.9% | 20.1% |
| 资本支出强度资本支出/营收 | 7.5% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.24× |
| 过去12个月自由现金流最近4个季度 | $40.1M | $323.7M |
8季度趋势，按日历期对齐
经营现金流CSVYELP
| Q4 25 | $14.1M | $84.5M | ||
| Q3 25 | $24.7M | $131.5M | ||
| Q2 25 | $8.1M | $58.0M | ||
| Q1 25 | $13.8M | $98.0M | ||
| Q4 24 | $9.3M | $71.0M | ||
| Q3 24 | $20.9M | $102.3M | ||
| Q2 24 | $2.2M | $39.7M | ||
| Q1 24 | $19.7M | $72.9M |
自由现金流CSVYELP
| Q4 25 | $6.2M | $72.3M | ||
| Q3 25 | $18.0M | $118.9M | ||
| Q2 25 | $5.2M | $45.0M | ||
| Q1 25 | $10.6M | $87.5M | ||
| Q4 24 | $4.9M | $60.0M | ||
| Q3 24 | $16.2M | $92.5M | ||
| Q2 24 | $-1.4M | $30.1M | ||
| Q1 24 | $16.2M | $65.9M |
自由现金流率CSVYELP
| Q4 25 | 5.9% | 20.1% | ||
| Q3 25 | 17.5% | 31.6% | ||
| Q2 25 | 5.1% | 12.2% | ||
| Q1 25 | 9.9% | 24.4% | ||
| Q4 24 | 5.0% | 16.6% | ||
| Q3 24 | 16.1% | 25.7% | ||
| Q2 24 | -1.4% | 8.4% | ||
| Q1 24 | 15.6% | 19.8% |
资本支出强度CSVYELP
| Q4 25 | 7.5% | 3.4% | ||
| Q3 25 | 6.5% | 3.3% | ||
| Q2 25 | 2.8% | 3.5% | ||
| Q1 25 | 3.0% | 2.9% | ||
| Q4 24 | 4.5% | 3.0% | ||
| Q3 24 | 4.6% | 2.7% | ||
| Q2 24 | 3.5% | 2.7% | ||
| Q1 24 | 3.4% | 2.1% |
现金转化率CSVYELP
| Q4 25 | 1.15× | 2.24× | ||
| Q3 25 | 3.76× | 3.34× | ||
| Q2 25 | 0.69× | 1.32× | ||
| Q1 25 | 0.66× | 4.02× | ||
| Q4 24 | 0.94× | 1.68× | ||
| Q3 24 | 2.11× | 2.66× | ||
| Q2 24 | 0.34× | 1.04× | ||
| Q1 24 | 2.83× | 5.15× |
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% |
YELP
| Advertising Services | $231.4M | 64% |
| Advertising Restaurants And Other | $106.8M | 30% |
| Other Revenue | $21.8M | 6% |
