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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Global Net Lease, Inc. (GNL). Click either name above to swap in a different company.
Global Net Lease, Inc. is the larger business by last-quarter revenue ($117.0M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 11.6%, a 29.6% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -15.1%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -11.1%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
CSV vs GNL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $117.0M |
| Net Profit | $12.3M | $48.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 94.7% |
| Net Margin | 11.6% | 41.2% |
| Revenue YoY | 8.0% | -15.1% |
| Net Profit YoY | 24.5% | 838.7% |
| EPS (diluted) | $0.76 | $0.14 |
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 | $117.0M | ||
| Q3 25 | $102.7M | $121.0M | ||
| Q2 25 | $102.1M | $124.9M | ||
| Q1 25 | $107.1M | $132.4M | ||
| Q4 24 | $97.7M | $137.8M | ||
| Q3 24 | $100.7M | $138.7M | ||
| Q2 24 | $102.3M | $145.5M | ||
| Q1 24 | $103.5M | $147.9M |
| Q4 25 | $12.3M | $48.2M | ||
| Q3 25 | $6.6M | $-60.1M | ||
| Q2 25 | $11.7M | $-24.1M | ||
| Q1 25 | $20.9M | $-189.4M | ||
| Q4 24 | $9.9M | $-6.5M | ||
| Q3 24 | $9.9M | $-65.6M | ||
| Q2 24 | $6.3M | $-35.7M | ||
| Q1 24 | $7.0M | $-23.8M |
| 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% | 94.7% | ||
| Q3 25 | 17.0% | -11.7% | ||
| Q2 25 | 23.5% | 33.9% | ||
| Q1 25 | 29.5% | -21.1% | ||
| Q4 24 | 21.6% | 40.8% | ||
| Q3 24 | 22.7% | 9.3% | ||
| Q2 24 | 18.0% | 42.6% | ||
| Q1 24 | 18.8% | 38.6% |
| Q4 25 | 11.6% | 41.2% | ||
| Q3 25 | 6.4% | -49.7% | ||
| Q2 25 | 11.5% | -19.3% | ||
| Q1 25 | 19.5% | -143.0% | ||
| Q4 24 | 10.1% | -4.7% | ||
| Q3 24 | 9.8% | -47.3% | ||
| Q2 24 | 6.1% | -24.5% | ||
| Q1 24 | 6.7% | -16.1% |
| Q4 25 | $0.76 | $0.14 | ||
| Q3 25 | $0.41 | $-0.32 | ||
| Q2 25 | $0.74 | $-0.16 | ||
| Q1 25 | $1.34 | $-0.87 | ||
| Q4 24 | $0.62 | $-0.08 | ||
| Q3 24 | $0.63 | $-0.33 | ||
| Q2 24 | $0.40 | $-0.20 | ||
| Q1 24 | $0.45 | $-0.15 |
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 | $180.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $1.7B |
| Total Assets | $1.3B | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $180.1M | ||
| Q3 25 | $1.2M | $165.1M | ||
| Q2 25 | $1.4M | $144.8M | ||
| Q1 25 | $4.6M | $147.0M | ||
| Q4 24 | $1.2M | $159.7M | ||
| Q3 24 | $1.3M | $127.2M | ||
| Q2 24 | $1.5M | $122.2M | ||
| Q1 24 | $1.7M | $131.9M |
| Q4 25 | $254.8M | $1.7B | ||
| Q3 25 | $242.1M | $1.7B | ||
| Q2 25 | $235.4M | $1.8B | ||
| Q1 25 | $223.1M | $1.9B | ||
| Q4 24 | $208.6M | $2.2B | ||
| Q3 24 | $198.1M | $2.3B | ||
| Q2 24 | $187.9M | $2.4B | ||
| Q1 24 | $179.6M | $2.5B |
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.3B | $4.8B | ||
| Q2 25 | $1.3B | $5.0B | ||
| Q1 25 | $1.3B | $5.8B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.3B | $7.3B | ||
| Q2 24 | $1.3B | $7.6B | ||
| Q1 24 | $1.3B | $8.0B |
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 | $222.8M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | 4.62× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $222.8M | ||
| Q3 25 | $24.7M | $56.0M | ||
| Q2 25 | $8.1M | $52.0M | ||
| Q1 25 | $13.8M | $59.2M | ||
| Q4 24 | $9.3M | $299.5M | ||
| Q3 24 | $20.9M | $62.1M | ||
| Q2 24 | $2.2M | $70.4M | ||
| Q1 24 | $19.7M | $92.2M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.15× | 4.62× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| 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% |
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
