vs
Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and HIGHWOODS PROPERTIES, INC. (HIW). Click either name above to swap in a different company.
HIGHWOODS PROPERTIES, INC. is the larger business by last-quarter revenue ($203.4M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). HIGHWOODS PROPERTIES, INC. runs the higher net margin — 14.6% vs 11.6%, a 3.0% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -1.1%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -1.9%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Highwoods Properties, Inc. is a publicly traded real estate investment trust that owns, develops, acquires, and manages high-quality office properties primarily located in fast-growing metropolitan areas across the Southeastern and Mid-Atlantic regions of the United States. Its client base includes corporate tenants across diverse industry segments such as technology, healthcare, finance, and professional services.
CSV vs HIW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $203.4M |
| Net Profit | $12.3M | $29.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 67.2% |
| Net Margin | 11.6% | 14.6% |
| Revenue YoY | 8.0% | -1.1% |
| Net Profit YoY | 24.5% | 1029.4% |
| 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 | $203.4M | ||
| Q3 25 | $102.7M | $201.8M | ||
| Q2 25 | $102.1M | $200.6M | ||
| Q1 25 | $107.1M | $200.4M | ||
| Q4 24 | $97.7M | $205.5M | ||
| Q3 24 | $100.7M | $204.3M | ||
| Q2 24 | $102.3M | $204.7M | ||
| Q1 24 | $103.5M | $211.3M |
| Q4 25 | $12.3M | $29.7M | ||
| Q3 25 | $6.6M | $13.7M | ||
| Q2 25 | $11.7M | $19.2M | ||
| Q1 25 | $20.9M | $100.0M | ||
| Q4 24 | $9.9M | $-3.2M | ||
| Q3 24 | $9.9M | $15.5M | ||
| Q2 24 | $6.3M | $64.8M | ||
| Q1 24 | $7.0M | $27.2M |
| 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% | 67.2% | ||
| Q3 25 | 17.0% | 67.3% | ||
| Q2 25 | 23.5% | 68.3% | ||
| Q1 25 | 29.5% | 67.5% | ||
| Q4 24 | 21.6% | 65.2% | ||
| Q3 24 | 22.7% | 67.8% | ||
| Q2 24 | 18.0% | 68.5% | ||
| Q1 24 | 18.8% | 66.7% |
| Q4 25 | 11.6% | 14.6% | ||
| Q3 25 | 6.4% | 6.8% | ||
| Q2 25 | 11.5% | 9.6% | ||
| Q1 25 | 19.5% | 49.9% | ||
| Q4 24 | 10.1% | -1.6% | ||
| Q3 24 | 9.8% | 7.6% | ||
| Q2 24 | 6.1% | 31.6% | ||
| Q1 24 | 6.7% | 12.9% |
| Q4 25 | $0.76 | $0.25 | ||
| Q3 25 | $0.41 | $0.12 | ||
| Q2 25 | $0.74 | $0.17 | ||
| Q1 25 | $1.34 | $0.91 | ||
| Q4 24 | $0.62 | $-0.04 | ||
| Q3 24 | $0.63 | $0.14 | ||
| Q2 24 | $0.40 | $0.59 | ||
| Q1 24 | $0.45 | $0.25 |
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 | $27.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $2.4B |
| Total Assets | $1.3B | $6.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $27.4M | ||
| Q3 25 | $1.2M | $26.3M | ||
| Q2 25 | $1.4M | $21.2M | ||
| Q1 25 | $4.6M | $20.1M | ||
| Q4 24 | $1.2M | $22.4M | ||
| Q3 24 | $1.3M | $23.6M | ||
| Q2 24 | $1.5M | $27.0M | ||
| Q1 24 | $1.7M | $16.4M |
| Q4 25 | $254.8M | $2.4B | ||
| Q3 25 | $242.1M | $2.4B | ||
| Q2 25 | $235.4M | $2.4B | ||
| Q1 25 | $223.1M | $2.4B | ||
| Q4 24 | $208.6M | $2.4B | ||
| Q3 24 | $198.1M | $2.4B | ||
| Q2 24 | $187.9M | $2.4B | ||
| Q1 24 | $179.6M | $2.4B |
| Q4 25 | $1.3B | $6.3B | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.3B | $6.1B | ||
| Q1 25 | $1.3B | $6.1B | ||
| Q4 24 | $1.3B | $6.0B | ||
| Q3 24 | $1.3B | $6.0B | ||
| Q2 24 | $1.3B | $6.0B | ||
| Q1 24 | $1.3B | $6.0B |
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 | $359.2M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | 12.09× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $359.2M | ||
| Q3 25 | $24.7M | $96.7M | ||
| Q2 25 | $8.1M | $116.5M | ||
| Q1 25 | $13.8M | $46.3M | ||
| Q4 24 | $9.3M | $403.6M | ||
| Q3 24 | $20.9M | $97.5M | ||
| Q2 24 | $2.2M | $130.0M | ||
| Q1 24 | $19.7M | $72.4M |
| 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× | 12.09× | ||
| Q3 25 | 3.76× | 7.05× | ||
| Q2 25 | 0.69× | 6.06× | ||
| Q1 25 | 0.66× | 0.46× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | 6.30× | ||
| Q2 24 | 0.34× | 2.01× | ||
| Q1 24 | 2.83× | 2.66× |
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% |
HIW
| Raleigh NC | $45.6M | 22% |
| Nashville TN | $38.7M | 19% |
| Atlanta GA | $36.1M | 18% |
| Charlotte NC | $26.1M | 13% |
| Tampa FL | $22.2M | 11% |
| Orlando FL | $14.4M | 7% |
| Other | $11.4M | 6% |
| Richmond VA | $8.8M | 4% |
