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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.

COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $105.5M, roughly 1.4× CARRIAGE SERVICES INC). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 11.6%, a 12.6% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 2.9%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs 1.0%).

Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

CNS vs CSV — Head-to-Head

Bigger by revenue
CNS
CNS
1.4× larger
CNS
$143.8M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+5.1% gap
CSV
8.0%
2.9%
CNS
Higher net margin
CNS
CNS
12.6% more per $
CNS
24.3%
11.6%
CSV
More free cash flow
CSV
CSV
$132.6M more FCF
CSV
$6.2M
$-126.4M
CNS
Faster 2-yr revenue CAGR
CNS
CNS
Annualised
CNS
8.3%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNS
CNS
CSV
CSV
Revenue
$143.8M
$105.5M
Net Profit
$34.9M
$12.3M
Gross Margin
34.8%
Operating Margin
28.0%
23.3%
Net Margin
24.3%
11.6%
Revenue YoY
2.9%
8.0%
Net Profit YoY
-23.9%
24.5%
EPS (diluted)
$0.67
$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.

Revenue
CNS
CNS
CSV
CSV
Q4 25
$143.8M
$105.5M
Q3 25
$141.7M
$102.7M
Q2 25
$136.1M
$102.1M
Q1 25
$134.5M
$107.1M
Q4 24
$139.8M
$97.7M
Q3 24
$133.2M
$100.7M
Q2 24
$121.7M
$102.3M
Q1 24
$122.7M
$103.5M
Net Profit
CNS
CNS
CSV
CSV
Q4 25
$34.9M
$12.3M
Q3 25
$41.7M
$6.6M
Q2 25
$36.8M
$11.7M
Q1 25
$39.8M
$20.9M
Q4 24
$45.8M
$9.9M
Q3 24
$39.7M
$9.9M
Q2 24
$31.8M
$6.3M
Q1 24
$34.0M
$7.0M
Gross Margin
CNS
CNS
CSV
CSV
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%
Operating Margin
CNS
CNS
CSV
CSV
Q4 25
28.0%
23.3%
Q3 25
34.5%
17.0%
Q2 25
31.8%
23.5%
Q1 25
33.6%
29.5%
Q4 24
35.3%
21.6%
Q3 24
33.7%
22.7%
Q2 24
31.5%
18.0%
Q1 24
32.8%
18.8%
Net Margin
CNS
CNS
CSV
CSV
Q4 25
24.3%
11.6%
Q3 25
29.4%
6.4%
Q2 25
27.1%
11.5%
Q1 25
29.6%
19.5%
Q4 24
32.8%
10.1%
Q3 24
29.8%
9.8%
Q2 24
26.1%
6.1%
Q1 24
27.7%
6.7%
EPS (diluted)
CNS
CNS
CSV
CSV
Q4 25
$0.67
$0.76
Q3 25
$0.81
$0.41
Q2 25
$0.72
$0.74
Q1 25
$0.77
$1.34
Q4 24
$0.89
$0.62
Q3 24
$0.77
$0.63
Q2 24
$0.63
$0.40
Q1 24
$0.68
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNS
CNS
CSV
CSV
Cash + ST InvestmentsLiquidity on hand
$145.5M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$562.0M
$254.8M
Total Assets
$876.7M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNS
CNS
CSV
CSV
Q4 25
$145.5M
$1.7M
Q3 25
$98.1M
$1.2M
Q2 25
$95.4M
$1.4M
Q1 25
$65.2M
$4.6M
Q4 24
$183.0M
$1.2M
Q3 24
$106.5M
$1.3M
Q2 24
$122.0M
$1.5M
Q1 24
$99.5M
$1.7M
Stockholders' Equity
CNS
CNS
CSV
CSV
Q4 25
$562.0M
$254.8M
Q3 25
$550.3M
$242.1M
Q2 25
$528.5M
$235.4M
Q1 25
$507.7M
$223.1M
Q4 24
$511.7M
$208.6M
Q3 24
$491.0M
$198.1M
Q2 24
$463.2M
$187.9M
Q1 24
$378.9M
$179.6M
Total Assets
CNS
CNS
CSV
CSV
Q4 25
$876.7M
$1.3B
Q3 25
$801.6M
$1.3B
Q2 25
$751.0M
$1.3B
Q1 25
$834.9M
$1.3B
Q4 24
$812.4M
$1.3B
Q3 24
$727.8M
$1.3B
Q2 24
$784.1M
$1.3B
Q1 24
$680.7M
$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
CNS
CNS
CSV
CSV
Operating Cash FlowLast quarter
$-120.4M
$14.1M
Free Cash FlowOCF − Capex
$-126.4M
$6.2M
FCF MarginFCF / Revenue
-87.9%
5.9%
Capex IntensityCapex / Revenue
4.2%
7.5%
Cash ConversionOCF / Net Profit
-3.45×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$-253.6M
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNS
CNS
CSV
CSV
Q4 25
$-120.4M
$14.1M
Q3 25
$55.1M
$24.7M
Q2 25
$-67.6M
$8.1M
Q1 25
$-108.9M
$13.8M
Q4 24
$96.7M
$9.3M
Q3 24
$25.6M
$20.9M
Q2 24
$31.4M
$2.2M
Q1 24
$4.9M
$19.7M
Free Cash Flow
CNS
CNS
CSV
CSV
Q4 25
$-126.4M
$6.2M
Q3 25
$52.6M
$18.0M
Q2 25
$-69.8M
$5.2M
Q1 25
$-110.0M
$10.6M
Q4 24
$85.0M
$4.9M
Q3 24
$24.2M
$16.2M
Q2 24
$27.1M
$-1.4M
Q1 24
$537.0K
$16.2M
FCF Margin
CNS
CNS
CSV
CSV
Q4 25
-87.9%
5.9%
Q3 25
37.1%
17.5%
Q2 25
-51.3%
5.1%
Q1 25
-81.8%
9.9%
Q4 24
60.8%
5.0%
Q3 24
18.2%
16.1%
Q2 24
22.3%
-1.4%
Q1 24
0.4%
15.6%
Capex Intensity
CNS
CNS
CSV
CSV
Q4 25
4.2%
7.5%
Q3 25
1.8%
6.5%
Q2 25
1.6%
2.8%
Q1 25
0.8%
3.0%
Q4 24
8.3%
4.5%
Q3 24
1.1%
4.6%
Q2 24
3.5%
3.5%
Q1 24
3.5%
3.4%
Cash Conversion
CNS
CNS
CSV
CSV
Q4 25
-3.45×
1.15×
Q3 25
1.32×
3.76×
Q2 25
-1.84×
0.69×
Q1 25
-2.74×
0.66×
Q4 24
2.11×
0.94×
Q3 24
0.65×
2.11×
Q2 24
0.99×
0.34×
Q1 24
0.14×
2.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNS
CNS

Segment breakdown not available.

CSV
CSV

Propertyand Merchandise$47.8M45%
Cemetery Interment Rights$24.8M23%
Merchandise$18.9M18%
Other Revenue$10.2M10%
Other$3.9M4%

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