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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and FORUM ENERGY TECHNOLOGIES, INC. (FET). Click either name above to swap in a different company.
FORUM ENERGY TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($202.2M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 1.0%, a 10.6% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 0.6%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($20.9M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -0.0%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
CSV vs FET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $202.2M |
| Net Profit | $12.3M | $2.1M |
| Gross Margin | 34.8% | 30.2% |
| Operating Margin | 23.3% | 6.3% |
| Net Margin | 11.6% | 1.0% |
| Revenue YoY | 8.0% | 0.6% |
| Net Profit YoY | 24.5% | 102.0% |
| EPS (diluted) | $0.76 | $0.25 |
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 | $202.2M | ||
| Q3 25 | $102.7M | $196.2M | ||
| Q2 25 | $102.1M | $199.8M | ||
| Q1 25 | $107.1M | $193.3M | ||
| Q4 24 | $97.7M | $201.0M | ||
| Q3 24 | $100.7M | $207.8M | ||
| Q2 24 | $102.3M | $205.2M | ||
| Q1 24 | $103.5M | $202.4M |
| Q4 25 | $12.3M | $2.1M | ||
| Q3 25 | $6.6M | $-20.6M | ||
| Q2 25 | $11.7M | $7.7M | ||
| Q1 25 | $20.9M | $1.1M | ||
| Q4 24 | $9.9M | $-103.5M | ||
| Q3 24 | $9.9M | $-14.8M | ||
| Q2 24 | $6.3M | $-6.7M | ||
| Q1 24 | $7.0M | $-10.3M |
| Q4 25 | 34.8% | 30.2% | ||
| Q3 25 | 35.3% | 20.5% | ||
| Q2 25 | 35.2% | 29.7% | ||
| Q1 25 | 35.3% | 30.2% | ||
| Q4 24 | 34.4% | 31.1% | ||
| Q3 24 | 35.2% | 31.6% | ||
| Q2 24 | 36.2% | 30.7% | ||
| Q1 24 | 36.0% | 31.5% |
| Q4 25 | 23.3% | 6.3% | ||
| Q3 25 | 17.0% | -3.1% | ||
| Q2 25 | 23.5% | 7.4% | ||
| Q1 25 | 29.5% | 4.6% | ||
| Q4 24 | 21.6% | -53.1% | ||
| Q3 24 | 22.7% | 4.3% | ||
| Q2 24 | 18.0% | 3.9% | ||
| Q1 24 | 18.8% | 1.6% |
| Q4 25 | 11.6% | 1.0% | ||
| Q3 25 | 6.4% | -10.5% | ||
| Q2 25 | 11.5% | 3.9% | ||
| Q1 25 | 19.5% | 0.6% | ||
| Q4 24 | 10.1% | -51.5% | ||
| Q3 24 | 9.8% | -7.1% | ||
| Q2 24 | 6.1% | -3.3% | ||
| Q1 24 | 6.7% | -5.1% |
| Q4 25 | $0.76 | $0.25 | ||
| Q3 25 | $0.41 | $-1.76 | ||
| Q2 25 | $0.74 | $0.61 | ||
| Q1 25 | $1.34 | $0.09 | ||
| Q4 24 | $0.62 | $-8.41 | ||
| Q3 24 | $0.63 | $-1.20 | ||
| Q2 24 | $0.40 | $-0.54 | ||
| Q1 24 | $0.45 | $-0.85 |
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 | $34.7M |
| Total DebtLower is stronger | — | $135.9M |
| Stockholders' EquityBook value | $254.8M | $291.1M |
| Total Assets | $1.3B | $752.5M |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $34.7M | ||
| Q3 25 | $1.2M | $31.7M | ||
| Q2 25 | $1.4M | $39.0M | ||
| Q1 25 | $4.6M | $31.1M | ||
| Q4 24 | $1.2M | $44.7M | ||
| Q3 24 | $1.3M | $33.3M | ||
| Q2 24 | $1.5M | $31.8M | ||
| Q1 24 | $1.7M | $48.5M |
| Q4 25 | — | $135.9M | ||
| Q3 25 | — | $140.0M | ||
| Q2 25 | — | $159.3M | ||
| Q1 25 | — | $171.4M | ||
| Q4 24 | — | $188.4M | ||
| Q3 24 | — | $231.5M | ||
| Q2 24 | — | $252.9M | ||
| Q1 24 | — | $287.5M |
| Q4 25 | $254.8M | $291.1M | ||
| Q3 25 | $242.1M | $297.3M | ||
| Q2 25 | $235.4M | $334.2M | ||
| Q1 25 | $223.1M | $320.0M | ||
| Q4 24 | $208.6M | $319.9M | ||
| Q3 24 | $198.1M | $443.5M | ||
| Q2 24 | $187.9M | $442.0M | ||
| Q1 24 | $179.6M | $446.2M |
| Q4 25 | $1.3B | $752.5M | ||
| Q3 25 | $1.3B | $770.1M | ||
| Q2 25 | $1.3B | $810.1M | ||
| Q1 25 | $1.3B | $790.1M | ||
| Q4 24 | $1.3B | $816.0M | ||
| Q3 24 | $1.3B | $973.7M | ||
| Q2 24 | $1.3B | $976.8M | ||
| Q1 24 | $1.3B | $1.0B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $6.2M | $20.9M |
| FCF MarginFCF / Revenue | 5.9% | 10.3% |
| Capex IntensityCapex / Revenue | 7.5% | 0.8% |
| Cash ConversionOCF / Net Profit | 1.15× | 10.83× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $64.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $22.4M | ||
| Q3 25 | $24.7M | $22.9M | ||
| Q2 25 | $8.1M | $15.8M | ||
| Q1 25 | $13.8M | $9.3M | ||
| Q4 24 | $9.3M | $38.5M | ||
| Q3 24 | $20.9M | $25.6M | ||
| Q2 24 | $2.2M | $23.1M | ||
| Q1 24 | $19.7M | $5.0M |
| Q4 25 | $6.2M | $20.9M | ||
| Q3 25 | $18.0M | $21.5M | ||
| Q2 25 | $5.2M | $14.8M | ||
| Q1 25 | $10.6M | $7.2M | ||
| Q4 24 | $4.9M | $36.1M | ||
| Q3 24 | $16.2M | $24.3M | ||
| Q2 24 | $-1.4M | $21.6M | ||
| Q1 24 | $16.2M | $2.1M |
| Q4 25 | 5.9% | 10.3% | ||
| Q3 25 | 17.5% | 10.9% | ||
| Q2 25 | 5.1% | 7.4% | ||
| Q1 25 | 9.9% | 3.7% | ||
| Q4 24 | 5.0% | 18.0% | ||
| Q3 24 | 16.1% | 11.7% | ||
| Q2 24 | -1.4% | 10.5% | ||
| Q1 24 | 15.6% | 1.0% |
| Q4 25 | 7.5% | 0.8% | ||
| Q3 25 | 6.5% | 0.7% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 3.0% | 1.1% | ||
| Q4 24 | 4.5% | 1.2% | ||
| Q3 24 | 4.6% | 0.6% | ||
| Q2 24 | 3.5% | 0.7% | ||
| Q1 24 | 3.4% | 1.4% |
| Q4 25 | 1.15× | 10.83× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 2.05× | ||
| Q1 25 | 0.66× | 8.31× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | — |
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% |
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
