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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and DYNAVAX TECHNOLOGIES CORP (DVAX). Click either name above to swap in a different company.

CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $94.9M, roughly 1.1× DYNAVAX TECHNOLOGIES CORP). DYNAVAX TECHNOLOGIES CORP runs the higher net margin — 28.4% vs 11.6%, a 16.7% gap on every dollar of revenue. On growth, DYNAVAX TECHNOLOGIES CORP posted the faster year-over-year revenue change (17.7% vs 8.0%). DYNAVAX TECHNOLOGIES CORP produced more free cash flow last quarter ($32.6M vs $6.2M). Over the past eight quarters, DYNAVAX TECHNOLOGIES CORP's revenue compounded faster (30.6% CAGR vs 1.0%).

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

Dynavax Technologies Corp is a commercial-stage biopharmaceutical company specializing in the research, development, and production of innovative vaccines and immunotherapies for infectious diseases. Its lead approved product is Heplisav-B, an adult hepatitis B vaccine, with core markets in North America and Europe, alongside a pipeline of candidates addressing unmet public health needs.

CSV vs DVAX — Head-to-Head

Bigger by revenue
CSV
CSV
1.1× larger
CSV
$105.5M
$94.9M
DVAX
Growing faster (revenue YoY)
DVAX
DVAX
+9.7% gap
DVAX
17.7%
8.0%
CSV
Higher net margin
DVAX
DVAX
16.7% more per $
DVAX
28.4%
11.6%
CSV
More free cash flow
DVAX
DVAX
$26.4M more FCF
DVAX
$32.6M
$6.2M
CSV
Faster 2-yr revenue CAGR
DVAX
DVAX
Annualised
DVAX
30.6%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CSV
CSV
DVAX
DVAX
Revenue
$105.5M
$94.9M
Net Profit
$12.3M
$26.9M
Gross Margin
34.8%
Operating Margin
23.3%
22.4%
Net Margin
11.6%
28.4%
Revenue YoY
8.0%
17.7%
Net Profit YoY
24.5%
53.0%
EPS (diluted)
$0.76
$0.21

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
DVAX
DVAX
Q4 25
$105.5M
Q3 25
$102.7M
$94.9M
Q2 25
$102.1M
$95.4M
Q1 25
$107.1M
$68.2M
Q4 24
$97.7M
$72.0M
Q3 24
$100.7M
$80.6M
Q2 24
$102.3M
$73.8M
Q1 24
$103.5M
$50.8M
Net Profit
CSV
CSV
DVAX
DVAX
Q4 25
$12.3M
Q3 25
$6.6M
$26.9M
Q2 25
$11.7M
$18.7M
Q1 25
$20.9M
$-96.1M
Q4 24
$9.9M
$7.0M
Q3 24
$9.9M
$17.6M
Q2 24
$6.3M
$11.4M
Q1 24
$7.0M
$-8.7M
Gross Margin
CSV
CSV
DVAX
DVAX
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
CSV
CSV
DVAX
DVAX
Q4 25
23.3%
Q3 25
17.0%
22.4%
Q2 25
23.5%
15.1%
Q1 25
29.5%
-34.7%
Q4 24
21.6%
-2.3%
Q3 24
22.7%
12.5%
Q2 24
18.0%
7.0%
Q1 24
18.8%
-35.0%
Net Margin
CSV
CSV
DVAX
DVAX
Q4 25
11.6%
Q3 25
6.4%
28.4%
Q2 25
11.5%
19.6%
Q1 25
19.5%
-141.0%
Q4 24
10.1%
9.8%
Q3 24
9.8%
21.8%
Q2 24
6.1%
15.4%
Q1 24
6.7%
-17.2%
EPS (diluted)
CSV
CSV
DVAX
DVAX
Q4 25
$0.76
Q3 25
$0.41
$0.21
Q2 25
$0.74
$0.14
Q1 25
$1.34
$-0.77
Q4 24
$0.62
$0.07
Q3 24
$0.63
$0.12
Q2 24
$0.40
$0.08
Q1 24
$0.45
$-0.07

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
DVAX
DVAX
Cash + ST InvestmentsLiquidity on hand
$1.7M
$160.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$534.1M
Total Assets
$1.3B
$946.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
DVAX
DVAX
Q4 25
$1.7M
Q3 25
$1.2M
$160.2M
Q2 25
$1.4M
$99.1M
Q1 25
$4.6M
$51.7M
Q4 24
$1.2M
$95.9M
Q3 24
$1.3M
$119.3M
Q2 24
$1.5M
$112.5M
Q1 24
$1.7M
$132.0M
Stockholders' Equity
CSV
CSV
DVAX
DVAX
Q4 25
$254.8M
Q3 25
$242.1M
$534.1M
Q2 25
$235.4M
$494.2M
Q1 25
$223.1M
$530.9M
Q4 24
$208.6M
$596.8M
Q3 24
$198.1M
$681.4M
Q2 24
$187.9M
$642.8M
Q1 24
$179.6M
$618.5M
Total Assets
CSV
CSV
DVAX
DVAX
Q4 25
$1.3B
Q3 25
$1.3B
$946.5M
Q2 25
$1.3B
$918.4M
Q1 25
$1.3B
$945.9M
Q4 24
$1.3B
$986.3M
Q3 24
$1.3B
$1.1B
Q2 24
$1.3B
$1.0B
Q1 24
$1.3B
$986.6M

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
DVAX
DVAX
Operating Cash FlowLast quarter
$14.1M
$33.8M
Free Cash FlowOCF − Capex
$6.2M
$32.6M
FCF MarginFCF / Revenue
5.9%
34.4%
Capex IntensityCapex / Revenue
7.5%
1.3%
Cash ConversionOCF / Net Profit
1.15×
1.26×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$80.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
DVAX
DVAX
Q4 25
$14.1M
Q3 25
$24.7M
$33.8M
Q2 25
$8.1M
$23.4M
Q1 25
$13.8M
$-19.6M
Q4 24
$9.3M
$53.0M
Q3 24
$20.9M
$19.5M
Q2 24
$2.2M
$10.7M
Q1 24
$19.7M
$-16.7M
Free Cash Flow
CSV
CSV
DVAX
DVAX
Q4 25
$6.2M
Q3 25
$18.0M
$32.6M
Q2 25
$5.2M
$22.0M
Q1 25
$10.6M
$-23.6M
Q4 24
$4.9M
$49.5M
Q3 24
$16.2M
$18.1M
Q2 24
$-1.4M
$9.9M
Q1 24
$16.2M
$-17.4M
FCF Margin
CSV
CSV
DVAX
DVAX
Q4 25
5.9%
Q3 25
17.5%
34.4%
Q2 25
5.1%
23.0%
Q1 25
9.9%
-34.6%
Q4 24
5.0%
68.8%
Q3 24
16.1%
22.5%
Q2 24
-1.4%
13.5%
Q1 24
15.6%
-34.3%
Capex Intensity
CSV
CSV
DVAX
DVAX
Q4 25
7.5%
Q3 25
6.5%
1.3%
Q2 25
2.8%
1.5%
Q1 25
3.0%
5.8%
Q4 24
4.5%
4.8%
Q3 24
4.6%
1.7%
Q2 24
3.5%
1.1%
Q1 24
3.4%
1.5%
Cash Conversion
CSV
CSV
DVAX
DVAX
Q4 25
1.15×
Q3 25
3.76×
1.26×
Q2 25
0.69×
1.25×
Q1 25
0.66×
Q4 24
0.94×
7.52×
Q3 24
2.11×
1.11×
Q2 24
0.34×
0.94×
Q1 24
2.83×

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%

DVAX
DVAX

HEPLISAVB$90.0M95%
US Department Of Defense$4.7M5%

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