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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $105.5M, roughly 1.4× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -68.1%, a 79.7% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% 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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
CSV vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $143.5M |
| Net Profit | $12.3M | $-97.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -45.7% |
| Net Margin | 11.6% | -68.1% |
| Revenue YoY | 8.0% | 77.7% |
| Net Profit YoY | 24.5% | 21.6% |
| EPS (diluted) | $0.76 | $-1.04 |
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 | $143.5M | ||
| Q3 25 | $102.7M | $140.6M | ||
| Q2 25 | $102.1M | $122.3M | ||
| Q1 25 | $107.1M | $96.2M | ||
| Q4 24 | $97.7M | $80.8M | ||
| Q3 24 | $100.7M | $83.3M | ||
| Q2 24 | $102.3M | $84.9M | ||
| Q1 24 | $103.5M | $82.5M |
| Q4 25 | $12.3M | $-97.7M | ||
| Q3 25 | $6.6M | $-104.5M | ||
| Q2 25 | $11.7M | $-70.0M | ||
| Q1 25 | $20.9M | $120.2M | ||
| Q4 24 | $9.9M | $-124.7M | ||
| Q3 24 | $9.9M | $-43.0M | ||
| Q2 24 | $6.3M | $-48.1M | ||
| Q1 24 | $7.0M | $-50.3M |
| 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% | -45.7% | ||
| Q3 25 | 17.0% | -70.8% | ||
| Q2 25 | 23.5% | -56.4% | ||
| Q1 25 | 29.5% | 81.8% | ||
| Q4 24 | 21.6% | -152.7% | ||
| Q3 24 | 22.7% | -51.7% | ||
| Q2 24 | 18.0% | -56.4% | ||
| Q1 24 | 18.8% | -58.8% |
| Q4 25 | 11.6% | -68.1% | ||
| Q3 25 | 6.4% | -74.4% | ||
| Q2 25 | 11.5% | -57.2% | ||
| Q1 25 | 19.5% | 125.0% | ||
| Q4 24 | 10.1% | -154.4% | ||
| Q3 24 | 9.8% | -51.6% | ||
| Q2 24 | 6.1% | -56.7% | ||
| Q1 24 | 6.7% | -60.9% |
| Q4 25 | $0.76 | $-1.04 | ||
| Q3 25 | $0.41 | $-1.38 | ||
| Q2 25 | $0.74 | $-0.73 | ||
| Q1 25 | $1.34 | $0.89 | ||
| Q4 24 | $0.62 | $-1.21 | ||
| Q3 24 | $0.63 | $-0.45 | ||
| Q2 24 | $0.40 | $-0.52 | ||
| Q1 24 | $0.45 | $-0.54 |
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 | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $254.8M | $21.3M |
| Total Assets | $1.3B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $57.4M | ||
| Q3 25 | $1.2M | $34.7M | ||
| Q2 25 | $1.4M | $33.6M | ||
| Q1 25 | $4.6M | $26.3M | ||
| Q4 24 | $1.2M | $27.8M | ||
| Q3 24 | $1.3M | $20.3M | ||
| Q2 24 | $1.5M | $33.1M | ||
| Q1 24 | $1.7M | $23.0M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $254.8M | $21.3M | ||
| Q3 25 | $242.1M | $181.1M | ||
| Q2 25 | $235.4M | $375.5M | ||
| Q1 25 | $223.1M | $476.2M | ||
| Q4 24 | $208.6M | $202.7M | ||
| Q3 24 | $198.1M | $370.8M | ||
| Q2 24 | $187.9M | $394.8M | ||
| Q1 24 | $179.6M | $402.5M |
| Q4 25 | $1.3B | $5.7B | ||
| Q3 25 | $1.3B | $5.5B | ||
| Q2 25 | $1.3B | $4.4B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.3B | $2.3B |
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | $6.2M | $-68.6M |
| FCF MarginFCF / Revenue | 5.9% | -47.8% |
| Capex IntensityCapex / Revenue | 7.5% | 45.9% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-2.8M | ||
| Q3 25 | $24.7M | $-24.4M | ||
| Q2 25 | $8.1M | $-5.2M | ||
| Q1 25 | $13.8M | $-85.7M | ||
| Q4 24 | $9.3M | $-8.1M | ||
| Q3 24 | $20.9M | $14.2M | ||
| Q2 24 | $2.2M | $-17.6M | ||
| Q1 24 | $19.7M | $-3.9M |
| Q4 25 | $6.2M | $-68.6M | ||
| Q3 25 | $18.0M | $-90.7M | ||
| Q2 25 | $5.2M | $-87.5M | ||
| Q1 25 | $10.6M | $-151.7M | ||
| Q4 24 | $4.9M | $-34.3M | ||
| Q3 24 | $16.2M | $-11.7M | ||
| Q2 24 | $-1.4M | $-32.1M | ||
| Q1 24 | $16.2M | $-16.7M |
| Q4 25 | 5.9% | -47.8% | ||
| Q3 25 | 17.5% | -64.5% | ||
| Q2 25 | 5.1% | -71.6% | ||
| Q1 25 | 9.9% | -157.7% | ||
| Q4 24 | 5.0% | -42.4% | ||
| Q3 24 | 16.1% | -14.0% | ||
| Q2 24 | -1.4% | -37.9% | ||
| Q1 24 | 15.6% | -20.3% |
| Q4 25 | 7.5% | 45.9% | ||
| Q3 25 | 6.5% | 47.2% | ||
| Q2 25 | 2.8% | 67.3% | ||
| Q1 25 | 3.0% | 68.6% | ||
| Q4 24 | 4.5% | 32.5% | ||
| Q3 24 | 4.6% | 31.1% | ||
| Q2 24 | 3.5% | 17.2% | ||
| Q1 24 | 3.4% | 15.6% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
