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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and HORIZON BANCORP INC (HBNC). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $63.5M, roughly 1.7× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 11.6%, a 30.8% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs 8.0%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $6.2M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% 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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
CSV vs HBNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $63.5M |
| Net Profit | $12.3M | $26.9M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 51.5% |
| Net Margin | 11.6% | 42.4% |
| Revenue YoY | 8.0% | 19.5% |
| Net Profit YoY | 24.5% | 347.4% |
| EPS (diluted) | $0.76 | $0.44 |
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 | $63.5M | ||
| Q3 25 | $102.7M | $58.4M | ||
| Q2 25 | $102.1M | $66.3M | ||
| Q1 25 | $107.1M | $68.8M | ||
| Q4 24 | $97.7M | $53.1M | ||
| Q3 24 | $100.7M | $58.4M | ||
| Q2 24 | $102.3M | $55.8M | ||
| Q1 24 | $103.5M | $53.2M |
| Q4 25 | $12.3M | $26.9M | ||
| Q3 25 | $6.6M | $-222.0M | ||
| Q2 25 | $11.7M | $20.6M | ||
| Q1 25 | $20.9M | $23.9M | ||
| Q4 24 | $9.9M | $-10.9M | ||
| Q3 24 | $9.9M | $18.2M | ||
| Q2 24 | $6.3M | $14.1M | ||
| Q1 24 | $7.0M | $14.0M |
| 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% | 51.5% | ||
| Q3 25 | 17.0% | -490.4% | ||
| Q2 25 | 23.5% | 36.8% | ||
| Q1 25 | 29.5% | 40.8% | ||
| Q4 24 | 21.6% | -41.3% | ||
| Q3 24 | 22.7% | 31.0% | ||
| Q2 24 | 18.0% | 28.5% | ||
| Q1 24 | 18.8% | 28.8% |
| Q4 25 | 11.6% | 42.4% | ||
| Q3 25 | 6.4% | -380.2% | ||
| Q2 25 | 11.5% | 31.1% | ||
| Q1 25 | 19.5% | 34.8% | ||
| Q4 24 | 10.1% | -20.5% | ||
| Q3 24 | 9.8% | 31.1% | ||
| Q2 24 | 6.1% | 25.4% | ||
| Q1 24 | 6.7% | 26.3% |
| Q4 25 | $0.76 | $0.44 | ||
| Q3 25 | $0.41 | $-4.69 | ||
| Q2 25 | $0.74 | $0.47 | ||
| Q1 25 | $1.34 | $0.54 | ||
| Q4 24 | $0.62 | $-0.25 | ||
| Q3 24 | $0.63 | $0.41 | ||
| Q2 24 | $0.40 | $0.32 | ||
| Q1 24 | $0.45 | $0.32 |
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 | $139.5M |
| Total DebtLower is stronger | — | $248.6M |
| Stockholders' EquityBook value | $254.8M | $688.3M |
| Total Assets | $1.3B | $6.4B |
| Debt / EquityLower = less leverage | — | 0.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $139.5M | ||
| Q3 25 | $1.2M | $458.3M | ||
| Q2 25 | $1.4M | $137.9M | ||
| Q1 25 | $4.6M | $169.7M | ||
| Q4 24 | $1.2M | $293.4M | ||
| Q3 24 | $1.3M | $234.8M | ||
| Q2 24 | $1.5M | $146.1M | ||
| Q1 24 | $1.7M | — |
| Q4 25 | — | $248.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $688.3M | ||
| Q3 25 | $242.1M | $660.8M | ||
| Q2 25 | $235.4M | $790.9M | ||
| Q1 25 | $223.1M | $776.1M | ||
| Q4 24 | $208.6M | $763.6M | ||
| Q3 24 | $198.1M | $754.8M | ||
| Q2 24 | $187.9M | $726.7M | ||
| Q1 24 | $179.6M | $721.3M |
| Q4 25 | $1.3B | $6.4B | ||
| Q3 25 | $1.3B | $6.7B | ||
| Q2 25 | $1.3B | $7.7B | ||
| Q1 25 | $1.3B | $7.6B | ||
| Q4 24 | $1.3B | $7.8B | ||
| Q3 24 | $1.3B | $7.9B | ||
| Q2 24 | $1.3B | $7.9B | ||
| Q1 24 | $1.3B | $7.9B |
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| 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 | $79.2M |
| Free Cash FlowOCF − Capex | $6.2M | $74.3M |
| FCF MarginFCF / Revenue | 5.9% | 117.0% |
| Capex IntensityCapex / Revenue | 7.5% | 7.8% |
| Cash ConversionOCF / Net Profit | 1.15× | 2.94× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $115.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $79.2M | ||
| Q3 25 | $24.7M | $10.9M | ||
| Q2 25 | $8.1M | $19.5M | ||
| Q1 25 | $13.8M | $15.2M | ||
| Q4 24 | $9.3M | $6.4M | ||
| Q3 24 | $20.9M | $32.3M | ||
| Q2 24 | $2.2M | $15.9M | ||
| Q1 24 | $19.7M | $6.5M |
| Q4 25 | $6.2M | $74.3M | ||
| Q3 25 | $18.0M | $9.4M | ||
| Q2 25 | $5.2M | $18.1M | ||
| Q1 25 | $10.6M | $14.1M | ||
| Q4 24 | $4.9M | $1.3M | ||
| Q3 24 | $16.2M | $31.0M | ||
| Q2 24 | $-1.4M | $15.1M | ||
| Q1 24 | $16.2M | $5.4M |
| Q4 25 | 5.9% | 117.0% | ||
| Q3 25 | 17.5% | 16.1% | ||
| Q2 25 | 5.1% | 27.3% | ||
| Q1 25 | 9.9% | 20.5% | ||
| Q4 24 | 5.0% | 2.4% | ||
| Q3 24 | 16.1% | 53.1% | ||
| Q2 24 | -1.4% | 27.1% | ||
| Q1 24 | 15.6% | 10.1% |
| Q4 25 | 7.5% | 7.8% | ||
| Q3 25 | 6.5% | 2.6% | ||
| Q2 25 | 2.8% | 2.1% | ||
| Q1 25 | 3.0% | 1.6% | ||
| Q4 24 | 4.5% | 9.6% | ||
| Q3 24 | 4.6% | 2.2% | ||
| Q2 24 | 3.5% | 1.5% | ||
| Q1 24 | 3.4% | 2.2% |
| Q4 25 | 1.15× | 2.94× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 0.94× | ||
| Q1 25 | 0.66× | 0.64× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 1.78× | ||
| Q2 24 | 0.34× | 1.13× | ||
| Q1 24 | 2.83× | 0.47× |
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% |
HBNC
Segment breakdown not available.
