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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.

CRA INTERNATIONAL, INC. is the larger business by last-quarter revenue ($197.0M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 6.7%, a 4.9% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (11.6% vs 8.0%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs 1.0%).

CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.

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

CRAI vs CSV — Head-to-Head

Bigger by revenue
CRAI
CRAI
1.9× larger
CRAI
$197.0M
$105.5M
CSV
Growing faster (revenue YoY)
CRAI
CRAI
+3.7% gap
CRAI
11.6%
8.0%
CSV
Higher net margin
CSV
CSV
4.9% more per $
CSV
11.6%
6.7%
CRAI
Faster 2-yr revenue CAGR
CRAI
CRAI
Annualised
CRAI
7.1%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRAI
CRAI
CSV
CSV
Revenue
$197.0M
$105.5M
Net Profit
$13.2M
$12.3M
Gross Margin
34.8%
Operating Margin
10.5%
23.3%
Net Margin
6.7%
11.6%
Revenue YoY
11.6%
8.0%
Net Profit YoY
-12.0%
24.5%
EPS (diluted)
$1.99
$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
CRAI
CRAI
CSV
CSV
Q4 25
$197.0M
$105.5M
Q3 25
$185.9M
$102.7M
Q2 25
$186.9M
$102.1M
Q1 25
$181.9M
$107.1M
Q4 24
$176.4M
$97.7M
Q3 24
$167.7M
$100.7M
Q2 24
$171.4M
$102.3M
Q1 24
$171.8M
$103.5M
Net Profit
CRAI
CRAI
CSV
CSV
Q4 25
$13.2M
$12.3M
Q3 25
$11.5M
$6.6M
Q2 25
$12.1M
$11.7M
Q1 25
$18.0M
$20.9M
Q4 24
$15.0M
$9.9M
Q3 24
$11.4M
$9.9M
Q2 24
$6.5M
$6.3M
Q1 24
$13.7M
$7.0M
Gross Margin
CRAI
CRAI
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
CRAI
CRAI
CSV
CSV
Q4 25
10.5%
23.3%
Q3 25
9.3%
17.0%
Q2 25
10.6%
23.5%
Q1 25
14.0%
29.5%
Q4 24
12.2%
21.6%
Q3 24
11.0%
22.7%
Q2 24
6.6%
18.0%
Q1 24
11.4%
18.8%
Net Margin
CRAI
CRAI
CSV
CSV
Q4 25
6.7%
11.6%
Q3 25
6.2%
6.4%
Q2 25
6.5%
11.5%
Q1 25
9.9%
19.5%
Q4 24
8.5%
10.1%
Q3 24
6.8%
9.8%
Q2 24
3.8%
6.1%
Q1 24
8.0%
6.7%
EPS (diluted)
CRAI
CRAI
CSV
CSV
Q4 25
$1.99
$0.76
Q3 25
$0.41
Q2 25
$0.74
Q1 25
$1.34
Q4 24
$0.62
Q3 24
$0.63
Q2 24
$0.40
Q1 24
$0.45

Balance Sheet & Financial Strength

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

Metric
CRAI
CRAI
CSV
CSV
Cash + ST InvestmentsLiquidity on hand
$18.2M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$213.6M
$254.8M
Total Assets
$628.9M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRAI
CRAI
CSV
CSV
Q4 25
$18.2M
$1.7M
Q3 25
$22.5M
$1.2M
Q2 25
$19.4M
$1.4M
Q1 25
$25.6M
$4.6M
Q4 24
$26.7M
$1.2M
Q3 24
$24.5M
$1.3M
Q2 24
$24.6M
$1.5M
Q1 24
$37.1M
$1.7M
Stockholders' Equity
CRAI
CRAI
CSV
CSV
Q4 25
$213.6M
$254.8M
Q3 25
$201.7M
$242.1M
Q2 25
$197.0M
$235.4M
Q1 25
$227.3M
$223.1M
Q4 24
$212.1M
$208.6M
Q3 24
$204.5M
$198.1M
Q2 24
$191.7M
$187.9M
Q1 24
$211.8M
$179.6M
Total Assets
CRAI
CRAI
CSV
CSV
Q4 25
$628.9M
$1.3B
Q3 25
$629.0M
$1.3B
Q2 25
$606.8M
$1.3B
Q1 25
$590.4M
$1.3B
Q4 24
$571.4M
$1.3B
Q3 24
$582.3M
$1.3B
Q2 24
$546.0M
$1.3B
Q1 24
$552.5M
$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
CRAI
CRAI
CSV
CSV
Operating Cash FlowLast quarter
$22.4M
$14.1M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.70×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRAI
CRAI
CSV
CSV
Q4 25
$22.4M
$14.1M
Q3 25
$36.5M
$24.7M
Q2 25
$5.9M
$8.1M
Q1 25
$-80.0M
$13.8M
Q4 24
$79.4M
$9.3M
Q3 24
$31.6M
$20.9M
Q2 24
$1.8M
$2.2M
Q1 24
$-63.1M
$19.7M
Free Cash Flow
CRAI
CRAI
CSV
CSV
Q4 25
$6.2M
Q3 25
$35.9M
$18.0M
Q2 25
$4.7M
$5.2M
Q1 25
$-81.0M
$10.6M
Q4 24
$68.8M
$4.9M
Q3 24
$28.6M
$16.2M
Q2 24
$-509.0K
$-1.4M
Q1 24
$-63.8M
$16.2M
FCF Margin
CRAI
CRAI
CSV
CSV
Q4 25
5.9%
Q3 25
19.3%
17.5%
Q2 25
2.5%
5.1%
Q1 25
-44.5%
9.9%
Q4 24
39.0%
5.0%
Q3 24
17.0%
16.1%
Q2 24
-0.3%
-1.4%
Q1 24
-37.1%
15.6%
Capex Intensity
CRAI
CRAI
CSV
CSV
Q4 25
7.5%
Q3 25
0.3%
6.5%
Q2 25
0.6%
2.8%
Q1 25
0.5%
3.0%
Q4 24
6.0%
4.5%
Q3 24
1.8%
4.6%
Q2 24
1.4%
3.5%
Q1 24
0.4%
3.4%
Cash Conversion
CRAI
CRAI
CSV
CSV
Q4 25
1.70×
1.15×
Q3 25
3.19×
3.76×
Q2 25
0.48×
0.69×
Q1 25
-4.44×
0.66×
Q4 24
5.30×
0.94×
Q3 24
2.76×
2.11×
Q2 24
0.28×
0.34×
Q1 24
-4.61×
2.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRAI
CRAI

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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