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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.2× AlTi Global, Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -15.1%, a 26.8% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 1.0%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
ALTI vs CSV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $105.5M |
| Net Profit | $-13.1M | $12.3M |
| Gross Margin | — | 34.8% |
| Operating Margin | -2.1% | 23.3% |
| Net Margin | -15.1% | 11.6% |
| Revenue YoY | 87.0% | 8.0% |
| Net Profit YoY | 75.6% | 24.5% |
| EPS (diluted) | — | $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 | $86.6M | $105.5M | ||
| Q3 25 | $57.2M | $102.7M | ||
| Q2 25 | $53.1M | $102.1M | ||
| Q1 25 | $58.0M | $107.1M | ||
| Q4 24 | $46.3M | $97.7M | ||
| Q3 24 | $51.8M | $100.7M | ||
| Q2 24 | $49.5M | $102.3M | ||
| Q1 24 | $50.8M | $103.5M |
| Q4 25 | $-13.1M | $12.3M | ||
| Q3 25 | $-84.1M | $6.6M | ||
| Q2 25 | $-24.4M | $11.7M | ||
| Q1 25 | $1.9M | $20.9M | ||
| Q4 24 | $-53.8M | $9.9M | ||
| Q3 24 | $-72.5M | $9.9M | ||
| Q2 24 | $-6.4M | $6.3M | ||
| Q1 24 | $29.7M | $7.0M |
| 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% |
| Q4 25 | -2.1% | 23.3% | ||
| Q3 25 | -49.8% | 17.0% | ||
| Q2 25 | -56.7% | 23.5% | ||
| Q1 25 | -23.3% | 29.5% | ||
| Q4 24 | -42.7% | 21.6% | ||
| Q3 24 | -18.4% | 22.7% | ||
| Q2 24 | -30.2% | 18.0% | ||
| Q1 24 | -28.9% | 18.8% |
| Q4 25 | -15.1% | 11.6% | ||
| Q3 25 | -147.0% | 6.4% | ||
| Q2 25 | -45.9% | 11.5% | ||
| Q1 25 | 3.3% | 19.5% | ||
| Q4 24 | -116.1% | 10.1% | ||
| Q3 24 | -140.0% | 9.8% | ||
| Q2 24 | -12.9% | 6.1% | ||
| Q1 24 | 58.4% | 6.7% |
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | $-0.33 | $0.74 | ||
| Q1 25 | $-0.04 | $1.34 | ||
| Q4 24 | $-0.71 | $0.62 | ||
| Q3 24 | $-0.88 | $0.63 | ||
| Q2 24 | $-0.18 | $0.40 | ||
| Q1 24 | $0.18 | $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 | $41.2M | $1.7M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $254.8M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $1.7M | ||
| Q3 25 | $35.8M | $1.2M | ||
| Q2 25 | $42.4M | $1.4M | ||
| Q1 25 | $52.8M | $4.6M | ||
| Q4 24 | $64.4M | $1.2M | ||
| Q3 24 | $220.6M | $1.3M | ||
| Q2 24 | $60.0M | $1.5M | ||
| Q1 24 | $134.2M | $1.7M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $254.8M | ||
| Q3 25 | $607.2M | $242.1M | ||
| Q2 25 | $685.4M | $235.4M | ||
| Q1 25 | $665.2M | $223.1M | ||
| Q4 24 | $658.4M | $208.6M | ||
| Q3 24 | $707.0M | $198.1M | ||
| Q2 24 | $540.2M | $187.9M | ||
| Q1 24 | $510.9M | $179.6M |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $14.1M |
| Free Cash FlowOCF − Capex | $-52.2M | $6.2M |
| FCF MarginFCF / Revenue | -60.3% | 5.9% |
| Capex IntensityCapex / Revenue | 0.9% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $14.1M | ||
| Q3 25 | $-53.5M | $24.7M | ||
| Q2 25 | $-19.9M | $8.1M | ||
| Q1 25 | $-30.2M | $13.8M | ||
| Q4 24 | $-50.7M | $9.3M | ||
| Q3 24 | $-4.9M | $20.9M | ||
| Q2 24 | $-30.2M | $2.2M | ||
| Q1 24 | $-15.5M | $19.7M |
| Q4 25 | $-52.2M | $6.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-20.0M | $5.2M | ||
| Q1 25 | $-31.0M | $10.6M | ||
| Q4 24 | $-58.2M | $4.9M | ||
| Q3 24 | $-9.4M | $16.2M | ||
| Q2 24 | $-31.2M | $-1.4M | ||
| Q1 24 | $-15.7M | $16.2M |
| Q4 25 | -60.3% | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | -37.6% | 5.1% | ||
| Q1 25 | -53.4% | 9.9% | ||
| Q4 24 | -125.7% | 5.0% | ||
| Q3 24 | -18.2% | 16.1% | ||
| Q2 24 | -63.2% | -1.4% | ||
| Q1 24 | -30.9% | 15.6% |
| Q4 25 | 0.9% | 7.5% | ||
| Q3 25 | 0.0% | 6.5% | ||
| Q2 25 | 0.0% | 2.8% | ||
| Q1 25 | 1.3% | 3.0% | ||
| Q4 24 | 16.3% | 4.5% | ||
| Q3 24 | 8.7% | 4.6% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 0.4% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | -15.80× | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | -0.52× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
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% |
