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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -10.8%, a 22.5% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -26.1%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-44.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -18.5%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
CSV vs HTLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $179.4M |
| Net Profit | $12.3M | $-19.4M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -12.7% |
| Net Margin | 11.6% | -10.8% |
| Revenue YoY | 8.0% | -26.1% |
| Net Profit YoY | 24.5% | -949.2% |
| EPS (diluted) | $0.76 | $-0.24 |
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 | $179.4M | ||
| Q3 25 | $102.7M | $196.5M | ||
| Q2 25 | $102.1M | $210.4M | ||
| Q1 25 | $107.1M | $219.4M | ||
| Q4 24 | $97.7M | $242.6M | ||
| Q3 24 | $100.7M | $259.9M | ||
| Q2 24 | $102.3M | $274.8M | ||
| Q1 24 | $103.5M | $270.3M |
| Q4 25 | $12.3M | $-19.4M | ||
| Q3 25 | $6.6M | $-8.3M | ||
| Q2 25 | $11.7M | $-10.9M | ||
| Q1 25 | $20.9M | $-13.9M | ||
| Q4 24 | $9.9M | $-1.9M | ||
| Q3 24 | $9.9M | $-9.3M | ||
| Q2 24 | $6.3M | $-3.5M | ||
| Q1 24 | $7.0M | $-15.1M |
| 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% | -12.7% | ||
| Q3 25 | 17.0% | -3.7% | ||
| Q2 25 | 23.5% | -5.9% | ||
| Q1 25 | 29.5% | -6.8% | ||
| Q4 24 | 21.6% | 0.4% | ||
| Q3 24 | 22.7% | -2.7% | ||
| Q2 24 | 18.0% | 0.1% | ||
| Q1 24 | 18.8% | -5.3% |
| Q4 25 | 11.6% | -10.8% | ||
| Q3 25 | 6.4% | -4.2% | ||
| Q2 25 | 11.5% | -5.2% | ||
| Q1 25 | 19.5% | -6.3% | ||
| Q4 24 | 10.1% | -0.8% | ||
| Q3 24 | 9.8% | -3.6% | ||
| Q2 24 | 6.1% | -1.3% | ||
| Q1 24 | 6.7% | -5.6% |
| Q4 25 | $0.76 | $-0.24 | ||
| Q3 25 | $0.41 | $-0.11 | ||
| Q2 25 | $0.74 | $-0.14 | ||
| Q1 25 | $1.34 | $-0.18 | ||
| Q4 24 | $0.62 | $-0.03 | ||
| Q3 24 | $0.63 | $-0.12 | ||
| Q2 24 | $0.40 | $-0.04 | ||
| Q1 24 | $0.45 | $-0.19 |
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 | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $254.8M | $755.3M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $18.5M | ||
| Q3 25 | $1.2M | $32.7M | ||
| Q2 25 | $1.4M | $22.9M | ||
| Q1 25 | $4.6M | $23.9M | ||
| Q4 24 | $1.2M | $12.8M | ||
| Q3 24 | $1.3M | $30.7M | ||
| Q2 24 | $1.5M | $23.9M | ||
| Q1 24 | $1.7M | $23.8M |
| Q4 25 | — | $154.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $187.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $755.3M | ||
| Q3 25 | $242.1M | $775.6M | ||
| Q2 25 | $235.4M | $786.7M | ||
| Q1 25 | $223.1M | $807.7M | ||
| Q4 24 | $208.6M | $822.6M | ||
| Q3 24 | $198.1M | $825.7M | ||
| Q2 24 | $187.9M | $836.8M | ||
| Q1 24 | $179.6M | $848.8M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.23× | ||
| 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 | $14.9M |
| Free Cash FlowOCF − Capex | $6.2M | $-44.2M |
| FCF MarginFCF / Revenue | 5.9% | -24.6% |
| Capex IntensityCapex / Revenue | 7.5% | 33.0% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $14.9M | ||
| Q3 25 | $24.7M | $27.5M | ||
| Q2 25 | $8.1M | $21.0M | ||
| Q1 25 | $13.8M | $25.8M | ||
| Q4 24 | $9.3M | $37.8M | ||
| Q3 24 | $20.9M | $35.6M | ||
| Q2 24 | $2.2M | $40.0M | ||
| Q1 24 | $19.7M | $31.0M |
| Q4 25 | $6.2M | $-44.2M | ||
| Q3 25 | $18.0M | $-12.2M | ||
| Q2 25 | $5.2M | $-12.8M | ||
| Q1 25 | $10.6M | $2.3M | ||
| Q4 24 | $4.9M | $-45.5M | ||
| Q3 24 | $16.2M | $24.6M | ||
| Q2 24 | $-1.4M | $29.4M | ||
| Q1 24 | $16.2M | $26.3M |
| Q4 25 | 5.9% | -24.6% | ||
| Q3 25 | 17.5% | -6.2% | ||
| Q2 25 | 5.1% | -6.1% | ||
| Q1 25 | 9.9% | 1.0% | ||
| Q4 24 | 5.0% | -18.8% | ||
| Q3 24 | 16.1% | 9.5% | ||
| Q2 24 | -1.4% | 10.7% | ||
| Q1 24 | 15.6% | 9.7% |
| Q4 25 | 7.5% | 33.0% | ||
| Q3 25 | 6.5% | 20.2% | ||
| Q2 25 | 2.8% | 16.1% | ||
| Q1 25 | 3.0% | 10.7% | ||
| Q4 24 | 4.5% | 34.3% | ||
| Q3 24 | 4.6% | 4.2% | ||
| Q2 24 | 3.5% | 3.8% | ||
| Q1 24 | 3.4% | 1.7% |
| Q4 25 | 1.15× | — | ||
| 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% |
HTLD
Segment breakdown not available.
