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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $105.5M, roughly 1.2× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -38.4%, a 50.1% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 4.5%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
BDN vs CSV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $105.5M |
| Net Profit | $-48.8M | $12.3M |
| Gross Margin | — | 34.8% |
| Operating Margin | 1.2% | 23.3% |
| Net Margin | -38.4% | 11.6% |
| Revenue YoY | 4.5% | 8.0% |
| Net Profit YoY | -80.4% | 24.5% |
| EPS (diluted) | $-0.28 | $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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $105.5M | ||
| Q3 25 | $121.4M | $102.7M | ||
| Q2 25 | $120.6M | $102.1M | ||
| Q1 25 | $121.5M | $107.1M | ||
| Q4 24 | $121.9M | $97.7M | ||
| Q3 24 | $131.8M | $100.7M | ||
| Q2 24 | $125.3M | $102.3M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $12.3M | ||
| Q3 25 | $-25.9M | $6.6M | ||
| Q2 25 | $-88.7M | $11.7M | ||
| Q1 25 | $-27.0M | $20.9M | ||
| Q4 24 | $-44.5M | $9.9M | ||
| Q3 24 | $-165.2M | $9.9M | ||
| Q2 24 | $30.2M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 34.8% | ||
| Q3 25 | 62.6% | 35.3% | ||
| Q2 25 | 62.4% | 35.2% | ||
| Q1 25 | 60.8% | 35.3% | ||
| Q4 24 | 61.2% | 34.4% | ||
| Q3 24 | 64.9% | 35.2% | ||
| Q2 24 | 63.1% | 36.2% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 23.3% | ||
| Q3 25 | 20.8% | 17.0% | ||
| Q2 25 | -34.3% | 23.5% | ||
| Q1 25 | 12.5% | 29.5% | ||
| Q4 24 | 18.0% | 21.6% | ||
| Q3 24 | -7.2% | 22.7% | ||
| Q2 24 | 15.5% | 18.0% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 11.6% | ||
| Q3 25 | -21.3% | 6.4% | ||
| Q2 25 | -73.5% | 11.5% | ||
| Q1 25 | -22.2% | 19.5% | ||
| Q4 24 | -36.5% | 10.1% | ||
| Q3 24 | -125.4% | 9.8% | ||
| Q2 24 | 24.1% | 6.1% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.76 | ||
| Q3 25 | $-0.15 | $0.41 | ||
| Q2 25 | $-0.51 | $0.74 | ||
| Q1 25 | $-0.16 | $1.34 | ||
| Q4 24 | $-0.25 | $0.62 | ||
| Q3 24 | $-0.96 | $0.63 | ||
| Q2 24 | $0.17 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $254.8M |
| Total Assets | $3.6B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $1.7M | ||
| Q3 25 | $75.5M | $1.2M | ||
| Q2 25 | $122.6M | $1.4M | ||
| Q1 25 | $29.4M | $4.6M | ||
| Q4 24 | $90.2M | $1.2M | ||
| Q3 24 | $36.5M | $1.3M | ||
| Q2 24 | $30.4M | $1.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $254.8M | ||
| Q3 25 | $841.5M | $242.1M | ||
| Q2 25 | $879.8M | $235.4M | ||
| Q1 25 | $993.6M | $223.1M | ||
| Q4 24 | $1.0B | $208.6M | ||
| Q3 24 | $1.1B | $198.1M | ||
| Q2 24 | $1.3B | $187.9M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $3.3B | $1.3B | ||
| Q2 25 | $3.4B | $1.3B | ||
| Q1 25 | $3.4B | $1.3B | ||
| Q4 24 | $3.5B | $1.3B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.8B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $14.1M |
| Free Cash FlowOCF − Capex | — | $6.2M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $14.1M | ||
| Q3 25 | $47.5M | $24.7M | ||
| Q2 25 | $34.4M | $8.1M | ||
| Q1 25 | $6.3M | $13.8M | ||
| Q4 24 | $181.1M | $9.3M | ||
| Q3 24 | $52.2M | $20.9M | ||
| Q2 24 | $48.2M | $2.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | — | $-1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | -1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| 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 | 1.60× | 0.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 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% |
