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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Emerald Holding, Inc. (EEX). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $105.5M, roughly 1.3× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -22.8%, a 34.4% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 8.0%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -0.3%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
CSV vs EEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $132.7M |
| Net Profit | $12.3M | $-30.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -11.8% |
| Net Margin | 11.6% | -22.8% |
| Revenue YoY | 8.0% | 24.3% |
| Net Profit YoY | 24.5% | -692.2% |
| EPS (diluted) | $0.76 | $-0.15 |
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.
| Q4 25 | $105.5M | $132.7M | ||
| Q3 25 | $102.7M | $77.5M | ||
| Q2 25 | $102.1M | $105.5M | ||
| Q1 25 | $107.1M | $147.7M | ||
| Q4 24 | $97.7M | $106.8M | ||
| Q3 24 | $100.7M | $72.6M | ||
| Q2 24 | $102.3M | $86.0M | ||
| Q1 24 | $103.5M | $133.4M |
| Q4 25 | $12.3M | $-30.2M | ||
| Q3 25 | $6.6M | $-14.4M | ||
| Q2 25 | $11.7M | $-1.4M | ||
| Q1 25 | $20.9M | $15.3M | ||
| Q4 24 | $9.9M | $5.1M | ||
| Q3 24 | $9.9M | $-11.1M | ||
| Q2 24 | $6.3M | $-2.8M | ||
| Q1 24 | $7.0M | $11.0M |
| 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% | — |
| Q4 25 | 23.3% | -11.8% | ||
| Q3 25 | 17.0% | -10.1% | ||
| Q2 25 | 23.5% | 9.7% | ||
| Q1 25 | 29.5% | 24.2% | ||
| Q4 24 | 21.6% | 19.5% | ||
| Q3 24 | 22.7% | -6.5% | ||
| Q2 24 | 18.0% | 7.4% | ||
| Q1 24 | 18.8% | 18.2% |
| Q4 25 | 11.6% | -22.8% | ||
| Q3 25 | 6.4% | -18.6% | ||
| Q2 25 | 11.5% | -1.3% | ||
| Q1 25 | 19.5% | 10.4% | ||
| Q4 24 | 10.1% | 4.8% | ||
| Q3 24 | 9.8% | -15.3% | ||
| Q2 24 | 6.1% | -3.3% | ||
| Q1 24 | 6.7% | 8.2% |
| Q4 25 | $0.76 | $-0.15 | ||
| Q3 25 | $0.41 | $-0.07 | ||
| Q2 25 | $0.74 | $-0.01 | ||
| Q1 25 | $1.34 | $0.08 | ||
| Q4 24 | $0.62 | $0.01 | ||
| Q3 24 | $0.63 | $-0.05 | ||
| Q2 24 | $0.40 | $-0.03 | ||
| Q1 24 | $0.45 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7M | $100.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $338.8M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $100.9M | ||
| Q3 25 | $1.2M | $95.4M | ||
| Q2 25 | $1.4M | $156.4M | ||
| Q1 25 | $4.6M | $276.8M | ||
| Q4 24 | $1.2M | $194.8M | ||
| Q3 24 | $1.3M | $188.9M | ||
| Q2 24 | $1.5M | $193.2M | ||
| Q1 24 | $1.7M | $186.8M |
| Q4 25 | $254.8M | $338.8M | ||
| Q3 25 | $242.1M | $369.5M | ||
| Q2 25 | $235.4M | $389.4M | ||
| Q1 25 | $223.1M | $392.1M | ||
| Q4 24 | $208.6M | $385.9M | ||
| Q3 24 | $198.1M | $391.1M | ||
| Q2 24 | $187.9M | $407.6M | ||
| Q1 24 | $179.6M | $-90.7M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $6.2M | $11.7M |
| FCF MarginFCF / Revenue | 5.9% | 8.8% |
| Capex IntensityCapex / Revenue | 7.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $41.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $12.3M | ||
| Q3 25 | $24.7M | $1.8M | ||
| Q2 25 | $8.1M | $15.9M | ||
| Q1 25 | $13.8M | $12.6M | ||
| Q4 24 | $9.3M | $20.6M | ||
| Q3 24 | $20.9M | $9.1M | ||
| Q2 24 | $2.2M | $9.8M | ||
| Q1 24 | $19.7M | $7.3M |
| Q4 25 | $6.2M | $11.7M | ||
| Q3 25 | $18.0M | $1.5M | ||
| Q2 25 | $5.2M | $15.8M | ||
| Q1 25 | $10.6M | $12.4M | ||
| Q4 24 | $4.9M | $19.9M | ||
| Q3 24 | $16.2M | $9.0M | ||
| Q2 24 | $-1.4M | $9.6M | ||
| Q1 24 | $16.2M | $7.0M |
| Q4 25 | 5.9% | 8.8% | ||
| Q3 25 | 17.5% | 1.9% | ||
| Q2 25 | 5.1% | 15.0% | ||
| Q1 25 | 9.9% | 8.4% | ||
| Q4 24 | 5.0% | 18.6% | ||
| Q3 24 | 16.1% | 12.4% | ||
| Q2 24 | -1.4% | 11.2% | ||
| Q1 24 | 15.6% | 5.2% |
| Q4 25 | 7.5% | 0.5% | ||
| Q3 25 | 6.5% | 0.4% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 3.0% | 0.1% | ||
| Q4 24 | 4.5% | 0.7% | ||
| Q3 24 | 4.6% | 0.1% | ||
| Q2 24 | 3.5% | 0.2% | ||
| Q1 24 | 3.4% | 0.2% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | 0.82× | ||
| Q4 24 | 0.94× | 4.04× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | 0.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
