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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 11.6%, a 21.2% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $6.2M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% 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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
CSV vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $177.1M |
| Net Profit | $12.3M | $58.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 30.9% |
| Net Margin | 11.6% | 32.8% |
| Revenue YoY | 8.0% | 7.2% |
| Net Profit YoY | 24.5% | 149.2% |
| EPS (diluted) | $0.76 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $102.7M | $135.0M | ||
| Q2 25 | $102.1M | $119.7M | ||
| Q1 25 | $107.1M | $125.8M | ||
| Q4 24 | $97.7M | $165.3M | ||
| Q3 24 | $100.7M | $122.9M | ||
| Q2 24 | $102.3M | $117.0M | ||
| Q1 24 | $103.5M | $108.9M |
| Q4 25 | $12.3M | $58.2M | ||
| Q3 25 | $6.6M | $10.5M | ||
| Q2 25 | $11.7M | $15.4M | ||
| Q1 25 | $20.9M | $463.0K | ||
| Q4 24 | $9.9M | $7.6M | ||
| Q3 24 | $9.9M | $4.2M | ||
| Q2 24 | $6.3M | $4.8M | ||
| Q1 24 | $7.0M | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | 17.0% | 32.7% | ||
| Q2 25 | 23.5% | 16.1% | ||
| Q1 25 | 29.5% | 12.2% | ||
| Q4 24 | 21.6% | 26.4% | ||
| Q3 24 | 22.7% | 20.3% | ||
| Q2 24 | 18.0% | 17.8% | ||
| Q1 24 | 18.8% | -14.7% |
| Q4 25 | 11.6% | 32.8% | ||
| Q3 25 | 6.4% | 7.8% | ||
| Q2 25 | 11.5% | 12.9% | ||
| Q1 25 | 19.5% | 0.4% | ||
| Q4 24 | 10.1% | 4.6% | ||
| Q3 24 | 9.8% | 3.4% | ||
| Q2 24 | 6.1% | 4.1% | ||
| Q1 24 | 6.7% | 2.0% |
| Q4 25 | $0.76 | $0.23 | ||
| Q3 25 | $0.41 | $0.16 | ||
| Q2 25 | $0.74 | $0.05 | ||
| Q1 25 | $1.34 | $-0.02 | ||
| Q4 24 | $0.62 | $0.09 | ||
| Q3 24 | $0.63 | $0.03 | ||
| Q2 24 | $0.40 | $0.04 | ||
| Q1 24 | $0.45 | $-0.13 |
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 | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $254.8M | $27.0M |
| Total Assets | $1.3B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $242.1M | ||
| Q3 25 | $1.2M | $182.7M | ||
| Q2 25 | $1.4M | $136.3M | ||
| Q1 25 | $4.6M | $94.5M | ||
| Q4 24 | $1.2M | $89.5M | ||
| Q3 24 | $1.3M | $98.4M | ||
| Q2 24 | $1.5M | $73.9M | ||
| Q1 24 | $1.7M | $41.9M |
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | $254.8M | $27.0M | ||
| Q3 25 | $242.1M | $-7.4M | ||
| Q2 25 | $235.4M | $-12.3M | ||
| Q1 25 | $223.1M | $-28.3M | ||
| Q4 24 | $208.6M | $-27.6M | ||
| Q3 24 | $198.1M | $-31.9M | ||
| Q2 24 | $187.9M | $-28.5M | ||
| Q1 24 | $179.6M | $-26.4M |
| Q4 25 | $1.3B | $813.8M | ||
| Q3 25 | $1.3B | $685.9M | ||
| Q2 25 | $1.3B | $636.9M | ||
| Q1 25 | $1.3B | $579.8M | ||
| Q4 24 | $1.3B | $612.7M | ||
| Q3 24 | $1.3B | $575.0M | ||
| Q2 24 | $1.3B | $543.9M | ||
| Q1 24 | $1.3B | $497.3M |
| Q4 25 | — | 15.87× | ||
| 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 | $183.5M |
| Free Cash FlowOCF − Capex | $6.2M | $175.0M |
| FCF MarginFCF / Revenue | 5.9% | 98.8% |
| Capex IntensityCapex / Revenue | 7.5% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.15× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $183.5M | ||
| Q3 25 | $24.7M | $79.8M | ||
| Q2 25 | $8.1M | $42.0M | ||
| Q1 25 | $13.8M | $33.3M | ||
| Q4 24 | $9.3M | $148.8M | ||
| Q3 24 | $20.9M | $69.0M | ||
| Q2 24 | $2.2M | $17.5M | ||
| Q1 24 | $19.7M | $24.2M |
| Q4 25 | $6.2M | $175.0M | ||
| Q3 25 | $18.0M | $78.3M | ||
| Q2 25 | $5.2M | $40.8M | ||
| Q1 25 | $10.6M | $32.1M | ||
| Q4 24 | $4.9M | $132.0M | ||
| Q3 24 | $16.2M | $62.2M | ||
| Q2 24 | $-1.4M | $12.8M | ||
| Q1 24 | $16.2M | $20.0M |
| Q4 25 | 5.9% | 98.8% | ||
| Q3 25 | 17.5% | 58.0% | ||
| Q2 25 | 5.1% | 34.1% | ||
| Q1 25 | 9.9% | 25.5% | ||
| Q4 24 | 5.0% | 79.9% | ||
| Q3 24 | 16.1% | 50.6% | ||
| Q2 24 | -1.4% | 10.9% | ||
| Q1 24 | 15.6% | 18.4% |
| Q4 25 | 7.5% | 4.8% | ||
| Q3 25 | 6.5% | 1.1% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 3.0% | 0.9% | ||
| Q4 24 | 4.5% | 10.1% | ||
| Q3 24 | 4.6% | 5.5% | ||
| Q2 24 | 3.5% | 4.0% | ||
| Q1 24 | 3.4% | 3.9% |
| Q4 25 | 1.15× | 3.16× | ||
| Q3 25 | 3.76× | 7.61× | ||
| Q2 25 | 0.69× | 2.72× | ||
| Q1 25 | 0.66× | 71.84× | ||
| Q4 24 | 0.94× | 19.54× | ||
| Q3 24 | 2.11× | 16.60× | ||
| Q2 24 | 0.34× | 3.64× | ||
| Q1 24 | 2.83× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
