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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $105.5M, roughly 1.3× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 9.7%, a 2.0% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $6.2M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 1.0%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
BB vs CSV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $105.5M |
| Net Profit | $13.7M | $12.3M |
| Gross Margin | 77.5% | 34.8% |
| Operating Margin | 8.4% | 23.3% |
| Net Margin | 9.7% | 11.6% |
| Revenue YoY | -0.8% | 8.0% |
| Net Profit YoY | 224.5% | 24.5% |
| EPS (diluted) | $0.02 | $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 | $141.8M | $105.5M | ||
| Q3 25 | $129.6M | $102.7M | ||
| Q2 25 | $121.7M | $102.1M | ||
| Q1 25 | $141.7M | $107.1M | ||
| Q4 24 | $143.6M | $97.7M | ||
| Q3 24 | $126.2M | $100.7M | ||
| Q2 24 | $123.4M | $102.3M | ||
| Q1 24 | $102.1M | $103.5M |
| Q4 25 | $13.7M | $12.3M | ||
| Q3 25 | $13.3M | $6.6M | ||
| Q2 25 | $1.9M | $11.7M | ||
| Q1 25 | $-7.4M | $20.9M | ||
| Q4 24 | $-10.5M | $9.9M | ||
| Q3 24 | $-19.7M | $9.9M | ||
| Q2 24 | $-41.4M | $6.3M | ||
| Q1 24 | $-56.2M | $7.0M |
| Q4 25 | 77.5% | 34.8% | ||
| Q3 25 | 74.5% | 35.3% | ||
| Q2 25 | 74.2% | 35.2% | ||
| Q1 25 | 73.5% | 35.3% | ||
| Q4 24 | 78.1% | 34.4% | ||
| Q3 24 | 70.2% | 35.2% | ||
| Q2 24 | 72.9% | 36.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | 8.4% | 23.3% | ||
| Q3 25 | 8.9% | 17.0% | ||
| Q2 25 | 1.6% | 23.5% | ||
| Q1 25 | -5.6% | 29.5% | ||
| Q4 24 | 13.6% | 21.6% | ||
| Q3 24 | 1.7% | 22.7% | ||
| Q2 24 | -10.5% | 18.0% | ||
| Q1 24 | 50.0% | 18.8% |
| Q4 25 | 9.7% | 11.6% | ||
| Q3 25 | 10.3% | 6.4% | ||
| Q2 25 | 1.6% | 11.5% | ||
| Q1 25 | -5.2% | 19.5% | ||
| Q4 24 | -7.3% | 10.1% | ||
| Q3 24 | -15.6% | 9.8% | ||
| Q2 24 | -33.5% | 6.1% | ||
| Q1 24 | -55.0% | 6.7% |
| Q4 25 | $0.02 | $0.76 | ||
| Q3 25 | $0.02 | $0.41 | ||
| Q2 25 | $0.00 | $0.74 | ||
| Q1 25 | $-0.01 | $1.34 | ||
| Q4 24 | $-0.02 | $0.62 | ||
| Q3 24 | $-0.03 | $0.63 | ||
| Q2 24 | $-0.07 | $0.40 | ||
| Q1 24 | $-0.08 | $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 | $304.2M | $1.7M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $254.8M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $1.7M | ||
| Q3 25 | $290.5M | $1.2M | ||
| Q2 25 | $306.6M | $1.4M | ||
| Q1 25 | $337.8M | $4.6M | ||
| Q4 24 | $220.0M | $1.2M | ||
| Q3 24 | $211.0M | $1.3M | ||
| Q2 24 | $229.0M | $1.5M | ||
| Q1 24 | $237.1M | $1.7M |
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $254.8M | ||
| Q3 25 | $725.1M | $242.1M | ||
| Q2 25 | $725.1M | $235.4M | ||
| Q1 25 | $719.9M | $223.1M | ||
| Q4 24 | $725.2M | $208.6M | ||
| Q3 24 | $732.1M | $198.1M | ||
| Q2 24 | $742.6M | $187.9M | ||
| Q1 24 | $775.1M | $179.6M |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $14.1M |
| Free Cash FlowOCF − Capex | $17.4M | $6.2M |
| FCF MarginFCF / Revenue | 12.3% | 5.9% |
| Capex IntensityCapex / Revenue | 0.6% | 7.5% |
| Cash ConversionOCF / Net Profit | 1.34× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $14.1M | ||
| Q3 25 | $3.9M | $24.7M | ||
| Q2 25 | $-18.0M | $8.1M | ||
| Q1 25 | $41.6M | $13.8M | ||
| Q4 24 | $6.0M | $9.3M | ||
| Q3 24 | $-16.0M | $20.9M | ||
| Q2 24 | $-15.1M | $2.2M | ||
| Q1 24 | $-15.5M | $19.7M |
| Q4 25 | $17.4M | $6.2M | ||
| Q3 25 | $3.1M | $18.0M | ||
| Q2 25 | $-18.9M | $5.2M | ||
| Q1 25 | $41.2M | $10.6M | ||
| Q4 24 | $5.2M | $4.9M | ||
| Q3 24 | $-16.5M | $16.2M | ||
| Q2 24 | $-16.5M | $-1.4M | ||
| Q1 24 | $-17.6M | $16.2M |
| Q4 25 | 12.3% | 5.9% | ||
| Q3 25 | 2.4% | 17.5% | ||
| Q2 25 | -15.5% | 5.1% | ||
| Q1 25 | 29.1% | 9.9% | ||
| Q4 24 | 3.6% | 5.0% | ||
| Q3 24 | -13.1% | 16.1% | ||
| Q2 24 | -13.4% | -1.4% | ||
| Q1 24 | -17.2% | 15.6% |
| Q4 25 | 0.6% | 7.5% | ||
| Q3 25 | 0.6% | 6.5% | ||
| Q2 25 | 0.7% | 2.8% | ||
| Q1 25 | 0.3% | 3.0% | ||
| Q4 24 | 0.6% | 4.5% | ||
| Q3 24 | 0.4% | 4.6% | ||
| Q2 24 | 1.1% | 3.5% | ||
| Q1 24 | 2.1% | 3.4% |
| Q4 25 | 1.34× | 1.15× | ||
| Q3 25 | 0.29× | 3.76× | ||
| Q2 25 | -9.47× | 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
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% |
