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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $56.7M, roughly 1.9× GRAHAM CORP). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 5.0%, a 6.6% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
CSV vs GHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $56.7M |
| Net Profit | $12.3M | $2.8M |
| Gross Margin | 34.8% | 23.8% |
| Operating Margin | 23.3% | 5.5% |
| Net Margin | 11.6% | 5.0% |
| Revenue YoY | 8.0% | 20.5% |
| Net Profit YoY | 24.5% | 79.2% |
| 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 | $56.7M | ||
| Q3 25 | $102.7M | $66.0M | ||
| Q2 25 | $102.1M | $55.5M | ||
| Q1 25 | $107.1M | $59.3M | ||
| Q4 24 | $97.7M | $47.0M | ||
| Q3 24 | $100.7M | $53.6M | ||
| Q2 24 | $102.3M | $50.0M | ||
| Q1 24 | $103.5M | $49.1M |
| Q4 25 | $12.3M | $2.8M | ||
| Q3 25 | $6.6M | $3.1M | ||
| Q2 25 | $11.7M | $4.6M | ||
| Q1 25 | $20.9M | $4.4M | ||
| Q4 24 | $9.9M | $1.6M | ||
| Q3 24 | $9.9M | $3.3M | ||
| Q2 24 | $6.3M | $3.0M | ||
| Q1 24 | $7.0M | $1.3M |
| Q4 25 | 34.8% | 23.8% | ||
| Q3 25 | 35.3% | 21.7% | ||
| Q2 25 | 35.2% | 26.5% | ||
| Q1 25 | 35.3% | 27.0% | ||
| Q4 24 | 34.4% | 24.8% | ||
| Q3 24 | 35.2% | 23.9% | ||
| Q2 24 | 36.2% | 24.8% | ||
| Q1 24 | 36.0% | 25.9% |
| Q4 25 | 23.3% | 5.5% | ||
| Q3 25 | 17.0% | 6.5% | ||
| Q2 25 | 23.5% | 8.9% | ||
| Q1 25 | 29.5% | 9.3% | ||
| Q4 24 | 21.6% | 4.7% | ||
| Q3 24 | 22.7% | 7.9% | ||
| Q2 24 | 18.0% | 6.5% | ||
| Q1 24 | 18.8% | 3.1% |
| Q4 25 | 11.6% | 5.0% | ||
| Q3 25 | 6.4% | 4.7% | ||
| Q2 25 | 11.5% | 8.3% | ||
| Q1 25 | 19.5% | 7.4% | ||
| Q4 24 | 10.1% | 3.4% | ||
| Q3 24 | 9.8% | 6.1% | ||
| Q2 24 | 6.1% | 5.9% | ||
| Q1 24 | 6.7% | 2.7% |
| Q4 25 | $0.76 | $0.25 | ||
| Q3 25 | $0.41 | $0.28 | ||
| Q2 25 | $0.74 | $0.42 | ||
| Q1 25 | $1.34 | $0.40 | ||
| Q4 24 | $0.62 | $0.14 | ||
| Q3 24 | $0.63 | $0.30 | ||
| Q2 24 | $0.40 | $0.27 | ||
| Q1 24 | $0.45 | $0.11 |
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 | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $131.3M |
| Total Assets | $1.3B | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $22.3M | ||
| Q3 25 | $1.2M | $20.6M | ||
| Q2 25 | $1.4M | $10.8M | ||
| Q1 25 | $4.6M | $21.6M | ||
| Q4 24 | $1.2M | $30.0M | ||
| Q3 24 | $1.3M | $32.3M | ||
| Q2 24 | $1.5M | $21.6M | ||
| Q1 24 | $1.7M | $16.9M |
| Q4 25 | $254.8M | $131.3M | ||
| Q3 25 | $242.1M | $127.6M | ||
| Q2 25 | $235.4M | $123.4M | ||
| Q1 25 | $223.1M | $119.6M | ||
| Q4 24 | $208.6M | $114.4M | ||
| Q3 24 | $198.1M | $112.5M | ||
| Q2 24 | $187.9M | $108.2M | ||
| Q1 24 | $179.6M | $105.6M |
| Q4 25 | $1.3B | $292.9M | ||
| Q3 25 | $1.3B | $287.0M | ||
| Q2 25 | $1.3B | $252.3M | ||
| Q1 25 | $1.3B | $264.1M | ||
| Q4 24 | $1.3B | $264.3M | ||
| Q3 24 | $1.3B | $249.5M | ||
| Q2 24 | $1.3B | $244.2M | ||
| Q1 24 | $1.3B | $233.9M |
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 | $4.8M |
| Free Cash FlowOCF − Capex | $6.2M | $2.4M |
| FCF MarginFCF / Revenue | 5.9% | 4.3% |
| Capex IntensityCapex / Revenue | 7.5% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.15× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $4.8M | ||
| Q3 25 | $24.7M | $13.6M | ||
| Q2 25 | $8.1M | $-2.3M | ||
| Q1 25 | $13.8M | $-3.6M | ||
| Q4 24 | $9.3M | $5.2M | ||
| Q3 24 | $20.9M | $13.9M | ||
| Q2 24 | $2.2M | $8.7M | ||
| Q1 24 | $19.7M | $8.6M |
| Q4 25 | $6.2M | $2.4M | ||
| Q3 25 | $18.0M | $9.4M | ||
| Q2 25 | $5.2M | $-9.3M | ||
| Q1 25 | $10.6M | $-8.7M | ||
| Q4 24 | $4.9M | $-2.1M | ||
| Q3 24 | $16.2M | $10.4M | ||
| Q2 24 | $-1.4M | $5.7M | ||
| Q1 24 | $16.2M | $4.6M |
| Q4 25 | 5.9% | 4.3% | ||
| Q3 25 | 17.5% | 14.3% | ||
| Q2 25 | 5.1% | -16.7% | ||
| Q1 25 | 9.9% | -14.7% | ||
| Q4 24 | 5.0% | -4.5% | ||
| Q3 24 | 16.1% | 19.5% | ||
| Q2 24 | -1.4% | 11.5% | ||
| Q1 24 | 15.6% | 9.4% |
| Q4 25 | 7.5% | 4.1% | ||
| Q3 25 | 6.5% | 6.3% | ||
| Q2 25 | 2.8% | 12.6% | ||
| Q1 25 | 3.0% | 8.7% | ||
| Q4 24 | 4.5% | 15.6% | ||
| Q3 24 | 4.6% | 6.5% | ||
| Q2 24 | 3.5% | 6.0% | ||
| Q1 24 | 3.4% | 8.2% |
| Q4 25 | 1.15× | 1.67× | ||
| Q3 25 | 3.76× | 4.40× | ||
| Q2 25 | 0.69× | -0.49× | ||
| Q1 25 | 0.66× | -0.81× | ||
| Q4 24 | 0.94× | 3.29× | ||
| Q3 24 | 2.11× | 4.25× | ||
| Q2 24 | 0.34× | 2.94× | ||
| Q1 24 | 2.83× | 6.45× |
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% |
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
