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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Delek Logistics Partners, LP (DKL). Click either name above to swap in a different company.

Delek Logistics Partners, LP is the larger business by last-quarter revenue ($154.7M vs $105.5M, roughly 1.5× CARRIAGE SERVICES INC). Delek Logistics Partners, LP runs the higher net margin — 20.9% vs 11.6%, a 9.3% gap on every dollar of revenue. On growth, Delek Logistics Partners, LP posted the faster year-over-year revenue change (518.9% vs 8.0%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -23.5%).

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

Delek Logistics Partners, LP is a U.S.-based midstream energy logistics enterprise that offers storage, transportation, and distribution services for crude oil, refined petroleum products, and renewable fuels. It mainly serves downstream energy operators, retail fuel networks and industrial clients across the U.S. Gulf Coast and Southeast regions.

CSV vs DKL — Head-to-Head

Bigger by revenue
DKL
DKL
1.5× larger
DKL
$154.7M
$105.5M
CSV
Growing faster (revenue YoY)
DKL
DKL
+510.9% gap
DKL
518.9%
8.0%
CSV
Higher net margin
DKL
DKL
9.3% more per $
DKL
20.9%
11.6%
CSV
Faster 2-yr revenue CAGR
CSV
CSV
Annualised
CSV
1.0%
-23.5%
DKL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSV
CSV
DKL
DKL
Revenue
$105.5M
$154.7M
Net Profit
$12.3M
$32.4M
Gross Margin
34.8%
-62.0%
Operating Margin
23.3%
25.9%
Net Margin
11.6%
20.9%
Revenue YoY
8.0%
518.9%
Net Profit YoY
24.5%
EPS (diluted)
$0.76
$0.60

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
CSV
CSV
DKL
DKL
Q1 26
$154.7M
Q4 25
$105.5M
$255.8M
Q3 25
$102.7M
$261.3M
Q2 25
$102.1M
$246.3M
Q1 25
$107.1M
$249.9M
Q4 24
$97.7M
$209.9M
Q3 24
$100.7M
$214.1M
Q2 24
$102.3M
$264.6M
Net Profit
CSV
CSV
DKL
DKL
Q1 26
$32.4M
Q4 25
$12.3M
$47.3M
Q3 25
$6.6M
$45.6M
Q2 25
$11.7M
$44.6M
Q1 25
$20.9M
$39.0M
Q4 24
$9.9M
$35.3M
Q3 24
$9.9M
$33.7M
Q2 24
$6.3M
$41.1M
Gross Margin
CSV
CSV
DKL
DKL
Q1 26
-62.0%
Q4 25
34.8%
17.2%
Q3 25
35.3%
20.6%
Q2 25
35.2%
25.8%
Q1 25
35.3%
21.5%
Q4 24
34.4%
23.4%
Q3 24
35.2%
22.8%
Q2 24
36.2%
28.1%
Operating Margin
CSV
CSV
DKL
DKL
Q1 26
25.9%
Q4 25
23.3%
14.2%
Q3 25
17.0%
17.4%
Q2 25
23.5%
21.3%
Q1 25
29.5%
19.0%
Q4 24
21.6%
18.1%
Q3 24
22.7%
14.9%
Q2 24
18.0%
25.9%
Net Margin
CSV
CSV
DKL
DKL
Q1 26
20.9%
Q4 25
11.6%
18.5%
Q3 25
6.4%
17.4%
Q2 25
11.5%
18.1%
Q1 25
19.5%
15.6%
Q4 24
10.1%
16.8%
Q3 24
9.8%
15.7%
Q2 24
6.1%
15.5%
EPS (diluted)
CSV
CSV
DKL
DKL
Q1 26
$0.60
Q4 25
$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

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
DKL
DKL
Cash + ST InvestmentsLiquidity on hand
$1.7M
$9.9M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$254.8M
Total Assets
$1.3B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
DKL
DKL
Q1 26
$9.9M
Q4 25
$1.7M
$10.9M
Q3 25
$1.2M
$6.9M
Q2 25
$1.4M
$1.4M
Q1 25
$4.6M
$2.1M
Q4 24
$1.2M
$5.4M
Q3 24
$1.3M
$7.3M
Q2 24
$1.5M
$5.1M
Total Debt
CSV
CSV
DKL
DKL
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.6B
Stockholders' Equity
CSV
CSV
DKL
DKL
Q1 26
Q4 25
$254.8M
Q3 25
$242.1M
Q2 25
$235.4M
Q1 25
$223.1M
Q4 24
$208.6M
Q3 24
$198.1M
Q2 24
$187.9M
Total Assets
CSV
CSV
DKL
DKL
Q1 26
$2.9B
Q4 25
$1.3B
$2.8B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.8B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.0B
Q3 24
$1.3B
$2.0B
Q2 24
$1.3B
$1.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSV
CSV
DKL
DKL
Operating Cash FlowLast quarter
$14.1M
$170.4M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
5.4%
Cash ConversionOCF / Net Profit
1.15×
5.27×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
DKL
DKL
Q1 26
$170.4M
Q4 25
$14.1M
$43.2M
Q3 25
$24.7M
$54.9M
Q2 25
$8.1M
$107.4M
Q1 25
$13.8M
$31.6M
Q4 24
$9.3M
$49.9M
Q3 24
$20.9M
$24.9M
Q2 24
$2.2M
$87.6M
Free Cash Flow
CSV
CSV
DKL
DKL
Q1 26
Q4 25
$6.2M
$12.6M
Q3 25
$18.0M
$-12.3M
Q2 25
$5.2M
$-7.1M
Q1 25
$10.6M
$-23.9M
Q4 24
$4.9M
$3.9M
Q3 24
$16.2M
$-31.7M
Q2 24
$-1.4M
$72.5M
FCF Margin
CSV
CSV
DKL
DKL
Q1 26
Q4 25
5.9%
4.9%
Q3 25
17.5%
-4.7%
Q2 25
5.1%
-2.9%
Q1 25
9.9%
-9.6%
Q4 24
5.0%
1.8%
Q3 24
16.1%
-14.8%
Q2 24
-1.4%
27.4%
Capex Intensity
CSV
CSV
DKL
DKL
Q1 26
5.4%
Q4 25
7.5%
12.0%
Q3 25
6.5%
25.7%
Q2 25
2.8%
46.5%
Q1 25
3.0%
22.2%
Q4 24
4.5%
21.9%
Q3 24
4.6%
26.4%
Q2 24
3.5%
5.7%
Cash Conversion
CSV
CSV
DKL
DKL
Q1 26
5.27×
Q4 25
1.15×
0.91×
Q3 25
3.76×
1.21×
Q2 25
0.69×
2.41×
Q1 25
0.66×
0.81×
Q4 24
0.94×
1.41×
Q3 24
2.11×
0.74×
Q2 24
0.34×
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSV
CSV

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

DKL
DKL

Third party$105.4M68%
Affiliate$49.2M32%

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