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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $105.5M, roughly 1.0× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 6.1%, a 5.5% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 1.8%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
AAT vs CSV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $105.5M |
| Net Profit | $6.7M | $12.3M |
| Gross Margin | — | 34.8% |
| Operating Margin | 23.4% | 23.3% |
| Net Margin | 6.1% | 11.6% |
| Revenue YoY | 1.8% | 8.0% |
| Net Profit YoY | -16.3% | 24.5% |
| EPS (diluted) | $0.08 | $0.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $105.5M | ||
| Q3 25 | $109.6M | $102.7M | ||
| Q2 25 | $107.9M | $102.1M | ||
| Q1 25 | $108.6M | $107.1M | ||
| Q4 24 | $113.5M | $97.7M | ||
| Q3 24 | $122.8M | $100.7M | ||
| Q2 24 | $110.9M | $102.3M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $12.3M | ||
| Q3 25 | $4.5M | $6.6M | ||
| Q2 25 | $5.5M | $11.7M | ||
| Q1 25 | $42.5M | $20.9M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $16.7M | $9.9M | ||
| Q2 24 | $11.9M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 34.8% | ||
| Q3 25 | 60.5% | 35.3% | ||
| Q2 25 | 62.6% | 35.2% | ||
| Q1 25 | 62.0% | 35.3% | ||
| Q4 24 | 61.3% | 34.4% | ||
| Q3 24 | 65.5% | 35.2% | ||
| Q2 24 | 63.6% | 36.2% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 23.3% | ||
| Q3 25 | 22.6% | 17.0% | ||
| Q2 25 | 24.1% | 23.5% | ||
| Q1 25 | 66.3% | 29.5% | ||
| Q4 24 | 26.5% | 21.6% | ||
| Q3 24 | 30.8% | 22.7% | ||
| Q2 24 | 27.8% | 18.0% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | 4.1% | 6.4% | ||
| Q2 25 | 5.1% | 11.5% | ||
| Q1 25 | 39.2% | 19.5% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 13.6% | 9.8% | ||
| Q2 24 | 10.7% | 6.1% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.76 | ||
| Q3 25 | $0.07 | $0.41 | ||
| Q2 25 | $0.09 | $0.74 | ||
| Q1 25 | $0.70 | $1.34 | ||
| Q4 24 | $0.14 | $0.62 | ||
| Q3 24 | $0.28 | $0.63 | ||
| Q2 24 | $0.20 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $254.8M |
| Total Assets | $2.9B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $1.7M | ||
| Q3 25 | $138.7M | $1.2M | ||
| Q2 25 | $143.7M | $1.4M | ||
| Q1 25 | $143.9M | $4.6M | ||
| Q4 24 | $425.7M | $1.2M | ||
| Q3 24 | $533.0M | $1.3M | ||
| Q2 24 | $114.9M | $1.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $254.8M | ||
| Q3 25 | $1.2B | $242.1M | ||
| Q2 25 | $1.2B | $235.4M | ||
| Q1 25 | $1.2B | $223.1M | ||
| Q4 24 | $1.2B | $208.6M | ||
| Q3 24 | $1.2B | $198.1M | ||
| Q2 24 | $1.2B | $187.9M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.3B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $3.4B | $1.3B | ||
| Q2 24 | $3.0B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $14.1M |
| Free Cash FlowOCF − Capex | — | $6.2M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | 14.5% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $14.1M | ||
| Q3 25 | $40.5M | $24.7M | ||
| Q2 25 | $49.2M | $8.1M | ||
| Q1 25 | $36.9M | $13.8M | ||
| Q4 24 | $207.1M | $9.3M | ||
| Q3 24 | $52.4M | $20.9M | ||
| Q2 24 | $59.3M | $2.2M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $6.2M | ||
| Q3 25 | $23.1M | $18.0M | ||
| Q2 25 | $28.4M | $5.2M | ||
| Q1 25 | $20.4M | $10.6M | ||
| Q4 24 | $136.9M | $4.9M | ||
| Q3 24 | $28.0M | $16.2M | ||
| Q2 24 | $43.6M | $-1.4M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 5.9% | ||
| Q3 25 | 21.1% | 17.5% | ||
| Q2 25 | 26.3% | 5.1% | ||
| Q1 25 | 18.8% | 9.9% | ||
| Q4 24 | 120.7% | 5.0% | ||
| Q3 24 | 22.8% | 16.1% | ||
| Q2 24 | 39.3% | -1.4% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 7.5% | ||
| Q3 25 | 15.9% | 6.5% | ||
| Q2 25 | 19.3% | 2.8% | ||
| Q1 25 | 15.1% | 3.0% | ||
| Q4 24 | 61.9% | 4.5% | ||
| Q3 24 | 19.9% | 4.6% | ||
| Q2 24 | 14.1% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.15× | ||
| Q3 25 | 8.98× | 3.76× | ||
| Q2 25 | 9.01× | 0.69× | ||
| Q1 25 | 0.87× | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | 3.15× | 2.11× | ||
| Q2 24 | 4.98× | 0.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
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% |
