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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $88.2M, roughly 1.2× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 11.6%, a 15.2% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $6.2M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% 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.
First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.
CSV vs FMBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $88.2M |
| Net Profit | $12.3M | $23.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 34.0% |
| Net Margin | 11.6% | 26.8% |
| Revenue YoY | 8.0% | 3.4% |
| Net Profit YoY | 24.5% | 23.5% |
| EPS (diluted) | $0.76 | $0.98 |
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 | $88.2M | ||
| Q3 25 | $102.7M | $89.3M | ||
| Q2 25 | $102.1M | $87.5M | ||
| Q1 25 | $107.1M | $84.3M | ||
| Q4 24 | $97.7M | $85.3M | ||
| Q3 24 | $100.7M | $80.6M | ||
| Q2 24 | $102.3M | $79.2M | ||
| Q1 24 | $103.5M | $79.9M |
| Q4 25 | $12.3M | $23.7M | ||
| Q3 25 | $6.6M | $22.5M | ||
| Q2 25 | $11.7M | $23.4M | ||
| Q1 25 | $20.9M | $22.2M | ||
| Q4 24 | $9.9M | $19.2M | ||
| Q3 24 | $9.9M | $19.5M | ||
| Q2 24 | $6.3M | $19.7M | ||
| Q1 24 | $7.0M | $20.5M |
| 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% | 34.0% | ||
| Q3 25 | 17.0% | 32.2% | ||
| Q2 25 | 23.5% | 34.4% | ||
| Q1 25 | 29.5% | 33.4% | ||
| Q4 24 | 21.6% | 29.7% | ||
| Q3 24 | 22.7% | 31.5% | ||
| Q2 24 | 18.0% | 33.7% | ||
| Q1 24 | 18.8% | 33.7% |
| Q4 25 | 11.6% | 26.8% | ||
| Q3 25 | 6.4% | 25.2% | ||
| Q2 25 | 11.5% | 26.8% | ||
| Q1 25 | 19.5% | 26.3% | ||
| Q4 24 | 10.1% | 22.5% | ||
| Q3 24 | 9.8% | 24.2% | ||
| Q2 24 | 6.1% | 24.9% | ||
| Q1 24 | 6.7% | 25.6% |
| Q4 25 | $0.76 | $0.98 | ||
| Q3 25 | $0.41 | $0.94 | ||
| Q2 25 | $0.74 | $0.98 | ||
| Q1 25 | $1.34 | $0.93 | ||
| Q4 24 | $0.62 | $0.81 | ||
| Q3 24 | $0.63 | $0.81 | ||
| Q2 24 | $0.40 | $0.82 | ||
| Q1 24 | $0.45 | $0.86 |
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 | — |
| Total DebtLower is stronger | — | $354.5M |
| Stockholders' EquityBook value | $254.8M | $958.7M |
| Total Assets | $1.3B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $1.7M | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $958.7M | ||
| Q3 25 | $242.1M | $932.2M | ||
| Q2 25 | $235.4M | $894.1M | ||
| Q1 25 | $223.1M | $870.9M | ||
| Q4 24 | $208.6M | $846.4M | ||
| Q3 24 | $198.1M | $858.5M | ||
| Q2 24 | $187.9M | $813.6M | ||
| Q1 24 | $179.6M | $798.0M |
| Q4 25 | $1.3B | $8.0B | ||
| Q3 25 | $1.3B | $7.8B | ||
| Q2 25 | $1.3B | $7.7B | ||
| Q1 25 | $1.3B | $7.6B | ||
| Q4 24 | $1.3B | $7.5B | ||
| Q3 24 | $1.3B | $7.6B | ||
| Q2 24 | $1.3B | $7.6B | ||
| Q1 24 | $1.3B | $7.7B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $130.9M |
| Free Cash FlowOCF − Capex | $6.2M | $124.0M |
| FCF MarginFCF / Revenue | 5.9% | 140.6% |
| Capex IntensityCapex / Revenue | 7.5% | 7.8% |
| Cash ConversionOCF / Net Profit | 1.15× | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $130.9M | ||
| Q3 25 | $24.7M | $33.0M | ||
| Q2 25 | $8.1M | $7.7M | ||
| Q1 25 | $13.8M | $47.9M | ||
| Q4 24 | $9.3M | $124.4M | ||
| Q3 24 | $20.9M | $33.1M | ||
| Q2 24 | $2.2M | $24.0M | ||
| Q1 24 | $19.7M | $29.0M |
| Q4 25 | $6.2M | $124.0M | ||
| Q3 25 | $18.0M | $31.9M | ||
| Q2 25 | $5.2M | $6.0M | ||
| Q1 25 | $10.6M | $46.0M | ||
| Q4 24 | $4.9M | $119.5M | ||
| Q3 24 | $16.2M | $32.0M | ||
| Q2 24 | $-1.4M | $22.9M | ||
| Q1 24 | $16.2M | $27.6M |
| Q4 25 | 5.9% | 140.6% | ||
| Q3 25 | 17.5% | 35.8% | ||
| Q2 25 | 5.1% | 6.8% | ||
| Q1 25 | 9.9% | 54.5% | ||
| Q4 24 | 5.0% | 140.0% | ||
| Q3 24 | 16.1% | 39.7% | ||
| Q2 24 | -1.4% | 28.9% | ||
| Q1 24 | 15.6% | 34.5% |
| Q4 25 | 7.5% | 7.8% | ||
| Q3 25 | 6.5% | 1.2% | ||
| Q2 25 | 2.8% | 2.0% | ||
| Q1 25 | 3.0% | 2.3% | ||
| Q4 24 | 4.5% | 5.8% | ||
| Q3 24 | 4.6% | 1.4% | ||
| Q2 24 | 3.5% | 1.4% | ||
| Q1 24 | 3.4% | 1.9% |
| Q4 25 | 1.15× | 5.53× | ||
| Q3 25 | 3.76× | 1.47× | ||
| Q2 25 | 0.69× | 0.33× | ||
| Q1 25 | 0.66× | 2.16× | ||
| Q4 24 | 0.94× | 6.49× | ||
| Q3 24 | 2.11× | 1.70× | ||
| Q2 24 | 0.34× | 1.21× | ||
| Q1 24 | 2.83× | 1.42× |
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% |
FMBH
Segment breakdown not available.
