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Side-by-side financial comparison of C3.ai, Inc. (AI) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $75.1M, roughly 1.4× C3.ai, Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -139.3%, a 150.9% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -20.3%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-46.9M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
AI vs CSV — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $105.5M |
| Net Profit | $-104.7M | $12.3M |
| Gross Margin | 40.4% | 34.8% |
| Operating Margin | -149.2% | 23.3% |
| Net Margin | -139.3% | 11.6% |
| Revenue YoY | -20.3% | 8.0% |
| Net Profit YoY | -58.7% | 24.5% |
| EPS (diluted) | $-0.75 | $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.
| Q4 25 | $75.1M | $105.5M | ||
| Q3 25 | $70.3M | $102.7M | ||
| Q2 25 | $108.7M | $102.1M | ||
| Q1 25 | $98.8M | $107.1M | ||
| Q4 24 | $94.3M | $97.7M | ||
| Q3 24 | $87.2M | $100.7M | ||
| Q2 24 | $86.6M | $102.3M | ||
| Q1 24 | $78.4M | $103.5M |
| Q4 25 | $-104.7M | $12.3M | ||
| Q3 25 | $-116.8M | $6.6M | ||
| Q2 25 | $-79.7M | $11.7M | ||
| Q1 25 | $-80.2M | $20.9M | ||
| Q4 24 | $-66.0M | $9.9M | ||
| Q3 24 | $-62.8M | $9.9M | ||
| Q2 24 | $-72.9M | $6.3M | ||
| Q1 24 | $-72.6M | $7.0M |
| Q4 25 | 40.4% | 34.8% | ||
| Q3 25 | 37.6% | 35.3% | ||
| Q2 25 | 62.1% | 35.2% | ||
| Q1 25 | 59.1% | 35.3% | ||
| Q4 24 | 61.3% | 34.4% | ||
| Q3 24 | 59.8% | 35.2% | ||
| Q2 24 | 59.6% | 36.2% | ||
| Q1 24 | 57.8% | 36.0% |
| Q4 25 | -149.2% | 23.3% | ||
| Q3 25 | -177.7% | 17.0% | ||
| Q2 25 | -81.8% | 23.5% | ||
| Q1 25 | -88.7% | 29.5% | ||
| Q4 24 | -79.8% | 21.6% | ||
| Q3 24 | -83.2% | 22.7% | ||
| Q2 24 | -95.1% | 18.0% | ||
| Q1 24 | -105.3% | 18.8% |
| Q4 25 | -139.3% | 11.6% | ||
| Q3 25 | -166.2% | 6.4% | ||
| Q2 25 | -73.3% | 11.5% | ||
| Q1 25 | -81.2% | 19.5% | ||
| Q4 24 | -69.9% | 10.1% | ||
| Q3 24 | -72.0% | 9.8% | ||
| Q2 24 | -84.2% | 6.1% | ||
| Q1 24 | -92.6% | 6.7% |
| Q4 25 | $-0.75 | $0.76 | ||
| Q3 25 | $-0.86 | $0.41 | ||
| Q2 25 | $-0.60 | $0.74 | ||
| Q1 25 | $-0.62 | $1.34 | ||
| Q4 24 | $-0.52 | $0.62 | ||
| Q3 24 | $-0.50 | $0.63 | ||
| Q2 24 | $-0.59 | $0.40 | ||
| Q1 24 | $-0.60 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $254.8M |
| Total Assets | $961.3M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $1.7M | ||
| Q3 25 | $711.9M | $1.2M | ||
| Q2 25 | $742.7M | $1.4M | ||
| Q1 25 | $724.3M | $4.6M | ||
| Q4 24 | $730.4M | $1.2M | ||
| Q3 24 | $762.5M | $1.3M | ||
| Q2 24 | $750.4M | $1.5M | ||
| Q1 24 | $723.3M | $1.7M |
| Q4 25 | $771.9M | $254.8M | ||
| Q3 25 | $798.8M | $242.1M | ||
| Q2 25 | $838.3M | $235.4M | ||
| Q1 25 | $860.2M | $223.1M | ||
| Q4 24 | $859.0M | $208.6M | ||
| Q3 24 | $874.9M | $198.1M | ||
| Q2 24 | $873.4M | $187.9M | ||
| Q1 24 | $898.0M | $179.6M |
| Q4 25 | $961.3M | $1.3B | ||
| Q3 25 | $968.7M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $1.1B | $1.3B |
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 | $-46.5M | $14.1M |
| Free Cash FlowOCF − Capex | $-46.9M | $6.2M |
| FCF MarginFCF / Revenue | -62.4% | 5.9% |
| Capex IntensityCapex / Revenue | 0.5% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $14.1M | ||
| Q3 25 | $-33.5M | $24.7M | ||
| Q2 25 | $11.3M | $8.1M | ||
| Q1 25 | $-22.0M | $13.8M | ||
| Q4 24 | $-38.7M | $9.3M | ||
| Q3 24 | $8.0M | $20.9M | ||
| Q2 24 | $21.3M | $2.2M | ||
| Q1 24 | $-39.1M | $19.7M |
| Q4 25 | $-46.9M | $6.2M | ||
| Q3 25 | $-34.3M | $18.0M | ||
| Q2 25 | $10.3M | $5.2M | ||
| Q1 25 | $-22.4M | $10.6M | ||
| Q4 24 | $-39.5M | $4.9M | ||
| Q3 24 | $7.1M | $16.2M | ||
| Q2 24 | $18.8M | $-1.4M | ||
| Q1 24 | $-45.1M | $16.2M |
| Q4 25 | -62.4% | 5.9% | ||
| Q3 25 | -48.8% | 17.5% | ||
| Q2 25 | 9.5% | 5.1% | ||
| Q1 25 | -22.7% | 9.9% | ||
| Q4 24 | -41.9% | 5.0% | ||
| Q3 24 | 8.2% | 16.1% | ||
| Q2 24 | 21.7% | -1.4% | ||
| Q1 24 | -57.6% | 15.6% |
| Q4 25 | 0.5% | 7.5% | ||
| Q3 25 | 1.1% | 6.5% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 0.4% | 3.0% | ||
| Q4 24 | 0.9% | 4.5% | ||
| Q3 24 | 1.1% | 4.6% | ||
| Q2 24 | 2.9% | 3.5% | ||
| Q1 24 | 7.8% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
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% |
