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Side-by-side financial comparison of APPIAN CORP (APPN) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -2.5%, a 14.1% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 1.0%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
APPN vs CSV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $105.5M |
| Net Profit | $-5.1M | $12.3M |
| Gross Margin | 64.8% | 34.8% |
| Operating Margin | -0.3% | 23.3% |
| Net Margin | -2.5% | 11.6% |
| Revenue YoY | 21.7% | 8.0% |
| Net Profit YoY | 62.6% | 24.5% |
| EPS (diluted) | $-0.06 | $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 | $202.9M | $105.5M | ||
| Q3 25 | $187.0M | $102.7M | ||
| Q2 25 | $170.6M | $102.1M | ||
| Q1 25 | $166.4M | $107.1M | ||
| Q4 24 | $166.7M | $97.7M | ||
| Q3 24 | $154.1M | $100.7M | ||
| Q2 24 | $146.4M | $102.3M | ||
| Q1 24 | $149.8M | $103.5M |
| Q4 25 | $-5.1M | $12.3M | ||
| Q3 25 | $7.8M | $6.6M | ||
| Q2 25 | $-312.0K | $11.7M | ||
| Q1 25 | $-1.2M | $20.9M | ||
| Q4 24 | $-13.6M | $9.9M | ||
| Q3 24 | $-2.1M | $9.9M | ||
| Q2 24 | $-43.6M | $6.3M | ||
| Q1 24 | $-32.9M | $7.0M |
| Q4 25 | 64.8% | 34.8% | ||
| Q3 25 | 75.8% | 35.3% | ||
| Q2 25 | 74.3% | 35.2% | ||
| Q1 25 | 76.6% | 35.3% | ||
| Q4 24 | 67.8% | 34.4% | ||
| Q3 24 | 75.9% | 35.2% | ||
| Q2 24 | 73.1% | 36.2% | ||
| Q1 24 | 74.6% | 36.0% |
| Q4 25 | -0.3% | 23.3% | ||
| Q3 25 | 7.0% | 17.0% | ||
| Q2 25 | -6.4% | 23.5% | ||
| Q1 25 | -0.5% | 29.5% | ||
| Q4 24 | 3.0% | 21.6% | ||
| Q3 24 | -4.6% | 22.7% | ||
| Q2 24 | -26.8% | 18.0% | ||
| Q1 24 | -13.0% | 18.8% |
| Q4 25 | -2.5% | 11.6% | ||
| Q3 25 | 4.2% | 6.4% | ||
| Q2 25 | -0.2% | 11.5% | ||
| Q1 25 | -0.7% | 19.5% | ||
| Q4 24 | -8.2% | 10.1% | ||
| Q3 24 | -1.4% | 9.8% | ||
| Q2 24 | -29.8% | 6.1% | ||
| Q1 24 | -22.0% | 6.7% |
| Q4 25 | $-0.06 | $0.76 | ||
| Q3 25 | $0.10 | $0.41 | ||
| Q2 25 | $0.00 | $0.74 | ||
| Q1 25 | $-0.02 | $1.34 | ||
| Q4 24 | $-0.18 | $0.62 | ||
| Q3 24 | $-0.03 | $0.63 | ||
| Q2 24 | $-0.60 | $0.40 | ||
| Q1 24 | $-0.45 | $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 | $187.2M | $1.7M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $254.8M |
| Total Assets | $691.4M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.7M | ||
| Q3 25 | $191.6M | $1.2M | ||
| Q2 25 | $184.8M | $1.4M | ||
| Q1 25 | $199.7M | $4.6M | ||
| Q4 24 | $159.9M | $1.2M | ||
| Q3 24 | $99.2M | $1.3M | ||
| Q2 24 | $120.8M | $1.5M | ||
| Q1 24 | $170.1M | $1.7M |
| Q4 25 | $240.8M | — | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $255.1M | — |
| Q4 25 | $-47.0M | $254.8M | ||
| Q3 25 | $-48.5M | $242.1M | ||
| Q2 25 | $-53.7M | $235.4M | ||
| Q1 25 | $-31.7M | $223.1M | ||
| Q4 24 | $-32.6M | $208.6M | ||
| Q3 24 | $-49.8M | $198.1M | ||
| Q2 24 | $-45.7M | $187.9M | ||
| Q1 24 | $-9.7M | $179.6M |
| Q4 25 | $691.4M | $1.3B | ||
| Q3 25 | $611.7M | $1.3B | ||
| Q2 25 | $590.7M | $1.3B | ||
| Q1 25 | $592.9M | $1.3B | ||
| Q4 24 | $621.0M | $1.3B | ||
| Q3 24 | $549.9M | $1.3B | ||
| Q2 24 | $554.6M | $1.3B | ||
| Q1 24 | $595.4M | $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 | $1.1M | $14.1M |
| Free Cash FlowOCF − Capex | $270.0K | $6.2M |
| FCF MarginFCF / Revenue | 0.1% | 5.9% |
| Capex IntensityCapex / Revenue | 0.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $14.1M | ||
| Q3 25 | $18.7M | $24.7M | ||
| Q2 25 | $-1.9M | $8.1M | ||
| Q1 25 | $45.0M | $13.8M | ||
| Q4 24 | $13.9M | $9.3M | ||
| Q3 24 | $-8.2M | $20.9M | ||
| Q2 24 | $-17.6M | $2.2M | ||
| Q1 24 | $18.9M | $19.7M |
| Q4 25 | $270.0K | $6.2M | ||
| Q3 25 | $18.1M | $18.0M | ||
| Q2 25 | $-3.1M | $5.2M | ||
| Q1 25 | $44.3M | $10.6M | ||
| Q4 24 | $13.4M | $4.9M | ||
| Q3 24 | $-8.6M | $16.2M | ||
| Q2 24 | $-18.3M | $-1.4M | ||
| Q1 24 | $16.7M | $16.2M |
| Q4 25 | 0.1% | 5.9% | ||
| Q3 25 | 9.7% | 17.5% | ||
| Q2 25 | -1.8% | 5.1% | ||
| Q1 25 | 26.6% | 9.9% | ||
| Q4 24 | 8.0% | 5.0% | ||
| Q3 24 | -5.6% | 16.1% | ||
| Q2 24 | -12.5% | -1.4% | ||
| Q1 24 | 11.1% | 15.6% |
| Q4 25 | 0.4% | 7.5% | ||
| Q3 25 | 0.3% | 6.5% | ||
| Q2 25 | 0.7% | 2.8% | ||
| Q1 25 | 0.4% | 3.0% | ||
| Q4 24 | 0.3% | 4.5% | ||
| Q3 24 | 0.2% | 4.6% | ||
| Q2 24 | 0.5% | 3.5% | ||
| Q1 24 | 1.5% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | 2.39× | 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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
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% |
