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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.

FEDERAL AGRICULTURAL MORTGAGE CORP is the larger business by last-quarter revenue ($107.5M vs $105.5M, roughly 1.0× CARRIAGE SERVICES INC). On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 6.1%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs 1.0%).

The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

AGM vs CSV — Head-to-Head

Bigger by revenue
AGM
AGM
1.0× larger
AGM
$107.5M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+1.8% gap
CSV
8.0%
6.1%
AGM
Faster 2-yr revenue CAGR
AGM
AGM
Annualised
AGM
7.1%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGM
AGM
CSV
CSV
Revenue
$107.5M
$105.5M
Net Profit
$12.3M
Gross Margin
34.8%
Operating Margin
56.3%
23.3%
Net Margin
11.6%
Revenue YoY
6.1%
8.0%
Net Profit YoY
24.5%
EPS (diluted)
$3.69
$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.

Revenue
AGM
AGM
CSV
CSV
Q4 25
$107.5M
$105.5M
Q3 25
$104.0M
$102.7M
Q2 25
$102.6M
$102.1M
Q1 25
$94.3M
$107.1M
Q4 24
$101.3M
$97.7M
Q3 24
$90.3M
$100.7M
Q2 24
$89.9M
$102.3M
Q1 24
$93.7M
$103.5M
Net Profit
AGM
AGM
CSV
CSV
Q4 25
$12.3M
Q3 25
$55.0M
$6.6M
Q2 25
$54.8M
$11.7M
Q1 25
$49.7M
$20.9M
Q4 24
$56.5M
$9.9M
Q3 24
$49.8M
$9.9M
Q2 24
$47.1M
$6.3M
Q1 24
$53.7M
$7.0M
Gross Margin
AGM
AGM
CSV
CSV
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%
Operating Margin
AGM
AGM
CSV
CSV
Q4 25
56.3%
23.3%
Q3 25
64.1%
17.0%
Q2 25
63.8%
23.5%
Q1 25
66.9%
29.5%
Q4 24
67.5%
21.6%
Q3 24
69.0%
22.7%
Q2 24
65.9%
18.0%
Q1 24
72.8%
18.8%
Net Margin
AGM
AGM
CSV
CSV
Q4 25
11.6%
Q3 25
52.9%
6.4%
Q2 25
53.4%
11.5%
Q1 25
52.6%
19.5%
Q4 24
55.8%
10.1%
Q3 24
55.2%
9.8%
Q2 24
52.4%
6.1%
Q1 24
57.4%
6.7%
EPS (diluted)
AGM
AGM
CSV
CSV
Q4 25
$3.69
$0.76
Q3 25
$4.44
$0.41
Q2 25
$4.48
$0.74
Q1 25
$4.01
$1.34
Q4 24
$4.62
$0.62
Q3 24
$3.86
$0.63
Q2 24
$3.68
$0.40
Q1 24
$4.28
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGM
AGM
CSV
CSV
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
$30.8B
Stockholders' EquityBook value
$1.7B
$254.8M
Total Assets
$35.4B
$1.3B
Debt / EquityLower = less leverage
17.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGM
AGM
CSV
CSV
Q4 25
$1.7M
Q3 25
$1.2M
Q2 25
$1.4M
Q1 25
$4.6M
Q4 24
$1.2M
Q3 24
$842.1M
$1.3M
Q2 24
$923.0M
$1.5M
Q1 24
$745.1M
$1.7M
Total Debt
AGM
AGM
CSV
CSV
Q4 25
$30.8B
Q3 25
$29.2B
Q2 25
$28.9B
Q1 25
$28.0B
Q4 24
$27.5B
Q3 24
$27.2B
Q2 24
$26.8B
Q1 24
$26.8B
Stockholders' Equity
AGM
AGM
CSV
CSV
Q4 25
$1.7B
$254.8M
Q3 25
$1.7B
$242.1M
Q2 25
$1.5B
$235.4M
Q1 25
$1.5B
$223.1M
Q4 24
$1.5B
$208.6M
Q3 24
$1.5B
$198.1M
Q2 24
$1.5B
$187.9M
Q1 24
$1.5B
$179.6M
Total Assets
AGM
AGM
CSV
CSV
Q4 25
$35.4B
$1.3B
Q3 25
$33.4B
$1.3B
Q2 25
$33.0B
$1.3B
Q1 25
$31.8B
$1.3B
Q4 24
$31.3B
$1.3B
Q3 24
$30.6B
$1.3B
Q2 24
$30.2B
$1.3B
Q1 24
$29.8B
$1.3B
Debt / Equity
AGM
AGM
CSV
CSV
Q4 25
17.93×
Q3 25
17.31×
Q2 25
18.70×
Q1 25
18.39×
Q4 24
18.48×
Q3 24
18.60×
Q2 24
17.87×
Q1 24
18.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGM
AGM
CSV
CSV
Operating Cash FlowLast quarter
$80.1M
$14.1M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
7.5%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGM
AGM
CSV
CSV
Q4 25
$80.1M
$14.1M
Q3 25
$74.2M
$24.7M
Q2 25
$-47.7M
$8.1M
Q1 25
$-49.8M
$13.8M
Q4 24
$612.6M
$9.3M
Q3 24
$-44.4M
$20.9M
Q2 24
$56.1M
$2.2M
Q1 24
$233.3M
$19.7M
Free Cash Flow
AGM
AGM
CSV
CSV
Q4 25
$6.2M
Q3 25
$18.0M
Q2 25
$5.2M
Q1 25
$10.6M
Q4 24
$607.4M
$4.9M
Q3 24
$-44.4M
$16.2M
Q2 24
$52.6M
$-1.4M
Q1 24
$231.7M
$16.2M
FCF Margin
AGM
AGM
CSV
CSV
Q4 25
5.9%
Q3 25
17.5%
Q2 25
5.1%
Q1 25
9.9%
Q4 24
599.8%
5.0%
Q3 24
-49.2%
16.1%
Q2 24
58.5%
-1.4%
Q1 24
247.3%
15.6%
Capex Intensity
AGM
AGM
CSV
CSV
Q4 25
0.0%
7.5%
Q3 25
0.0%
6.5%
Q2 25
0.0%
2.8%
Q1 25
0.0%
3.0%
Q4 24
5.2%
4.5%
Q3 24
0.1%
4.6%
Q2 24
4.0%
3.5%
Q1 24
1.7%
3.4%
Cash Conversion
AGM
AGM
CSV
CSV
Q4 25
1.15×
Q3 25
1.35×
3.76×
Q2 25
-0.87×
0.69×
Q1 25
-1.00×
0.66×
Q4 24
10.84×
0.94×
Q3 24
-0.89×
2.11×
Q2 24
1.19×
0.34×
Q1 24
4.34×
2.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AGM
AGM

Segment breakdown not available.

CSV
CSV

Propertyand Merchandise$47.8M45%
Cemetery Interment Rights$24.8M23%
Merchandise$18.9M18%
Other Revenue$10.2M10%
Other$3.9M4%

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