vs
Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
HA Sustainable Infrastructure Capital, Inc. is the larger business by last-quarter revenue ($114.8M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -46.8%, a 58.5% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 8.0%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% 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.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
CSV vs HASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $114.8M |
| Net Profit | $12.3M | $-53.8M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -57.4% |
| Net Margin | 11.6% | -46.8% |
| Revenue YoY | 8.0% | 13.3% |
| Net Profit YoY | 24.5% | -176.7% |
| EPS (diluted) | $0.76 | $-0.38 |
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 | $114.8M | ||
| Q3 25 | $102.7M | $103.1M | ||
| Q2 25 | $102.1M | $85.7M | ||
| Q1 25 | $107.1M | $96.9M | ||
| Q4 24 | $97.7M | $101.3M | ||
| Q3 24 | $100.7M | $82.0M | ||
| Q2 24 | $102.3M | $94.5M | ||
| Q1 24 | $103.5M | $105.8M |
| Q4 25 | $12.3M | $-53.8M | ||
| Q3 25 | $6.6M | $83.3M | ||
| Q2 25 | $11.7M | $98.4M | ||
| Q1 25 | $20.9M | $56.6M | ||
| Q4 24 | $9.9M | $70.1M | ||
| Q3 24 | $9.9M | $-19.6M | ||
| Q2 24 | $6.3M | $26.5M | ||
| Q1 24 | $7.0M | $123.0M |
| 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% | -57.4% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | 84.7% | ||
| Q4 24 | 21.6% | 90.9% | ||
| Q3 24 | 22.7% | -32.1% | ||
| Q2 24 | 18.0% | 39.5% | ||
| Q1 24 | 18.8% | — |
| Q4 25 | 11.6% | -46.8% | ||
| Q3 25 | 6.4% | 80.8% | ||
| Q2 25 | 11.5% | 114.9% | ||
| Q1 25 | 19.5% | 58.4% | ||
| Q4 24 | 10.1% | 69.2% | ||
| Q3 24 | 9.8% | -23.9% | ||
| Q2 24 | 6.1% | 28.1% | ||
| Q1 24 | 6.7% | 116.3% |
| Q4 25 | $0.76 | $-0.38 | ||
| Q3 25 | $0.41 | $0.61 | ||
| Q2 25 | $0.74 | $0.74 | ||
| Q1 25 | $1.34 | $0.44 | ||
| Q4 24 | $0.62 | $0.58 | ||
| Q3 24 | $0.63 | $-0.17 | ||
| Q2 24 | $0.40 | $0.23 | ||
| Q1 24 | $0.45 | $0.98 |
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 | $110.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $2.7B |
| Total Assets | $1.3B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $110.2M | ||
| Q3 25 | $1.2M | $301.8M | ||
| Q2 25 | $1.4M | $86.5M | ||
| Q1 25 | $4.6M | $67.4M | ||
| Q4 24 | $1.2M | $129.8M | ||
| Q3 24 | $1.3M | $44.1M | ||
| Q2 24 | $1.5M | $145.7M | ||
| Q1 24 | $1.7M | $61.4M |
| Q4 25 | $254.8M | $2.7B | ||
| Q3 25 | $242.1M | $2.7B | ||
| Q2 25 | $235.4M | $2.6B | ||
| Q1 25 | $223.1M | $2.5B | ||
| Q4 24 | $208.6M | $2.4B | ||
| Q3 24 | $198.1M | $2.3B | ||
| Q2 24 | $187.9M | $2.3B | ||
| Q1 24 | $179.6M | $2.3B |
| Q4 25 | $1.3B | $8.2B | ||
| Q3 25 | $1.3B | $8.2B | ||
| Q2 25 | $1.3B | $7.6B | ||
| Q1 25 | $1.3B | $7.5B | ||
| Q4 24 | $1.3B | $7.1B | ||
| Q3 24 | $1.3B | $6.7B | ||
| Q2 24 | $1.3B | $6.7B | ||
| Q1 24 | $1.3B | $6.7B |
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 | $167.3M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $167.3M | ||
| Q3 25 | $24.7M | $-121.8M | ||
| Q2 25 | $8.1M | $79.6M | ||
| Q1 25 | $13.8M | $-37.1M | ||
| Q4 24 | $9.3M | $5.9M | ||
| Q3 24 | $20.9M | $21.9M | ||
| Q2 24 | $2.2M | $-24.8M | ||
| Q1 24 | $19.7M | $20.9M |
| 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× | — | ||
| Q3 25 | 3.76× | -1.46× | ||
| Q2 25 | 0.69× | 0.81× | ||
| Q1 25 | 0.66× | -0.66× | ||
| Q4 24 | 0.94× | 0.08× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | -0.94× | ||
| Q1 24 | 2.83× | 0.17× |
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% |
HASI
Segment breakdown not available.
