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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $66.7M, roughly 1.6× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 11.6%, a 36.1% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -13.1%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -6.0%).

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

CSV vs IIPR — Head-to-Head

Bigger by revenue
CSV
CSV
1.6× larger
CSV
$105.5M
$66.7M
IIPR
Growing faster (revenue YoY)
CSV
CSV
+21.1% gap
CSV
8.0%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
36.1% more per $
IIPR
47.8%
11.6%
CSV
Faster 2-yr revenue CAGR
CSV
CSV
Annualised
CSV
1.0%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
IIPR
IIPR
Revenue
$105.5M
$66.7M
Net Profit
$12.3M
$31.8M
Gross Margin
34.8%
Operating Margin
23.3%
47.8%
Net Margin
11.6%
47.8%
Revenue YoY
8.0%
-13.1%
Net Profit YoY
24.5%
-20.4%
EPS (diluted)
$0.76
$1.07

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.

Revenue
CSV
CSV
IIPR
IIPR
Q4 25
$105.5M
$66.7M
Q3 25
$102.7M
$64.7M
Q2 25
$102.1M
$62.9M
Q1 25
$107.1M
$71.7M
Q4 24
$97.7M
$76.7M
Q3 24
$100.7M
$76.5M
Q2 24
$102.3M
$79.8M
Q1 24
$103.5M
$75.5M
Net Profit
CSV
CSV
IIPR
IIPR
Q4 25
$12.3M
$31.8M
Q3 25
$6.6M
$29.3M
Q2 25
$11.7M
$26.0M
Q1 25
$20.9M
$31.1M
Q4 24
$9.9M
$40.0M
Q3 24
$9.9M
$40.2M
Q2 24
$6.3M
$42.0M
Q1 24
$7.0M
$39.4M
Gross Margin
CSV
CSV
IIPR
IIPR
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%
Operating Margin
CSV
CSV
IIPR
IIPR
Q4 25
23.3%
47.8%
Q3 25
17.0%
45.5%
Q2 25
23.5%
45.9%
Q1 25
29.5%
47.4%
Q4 24
21.6%
54.7%
Q3 24
22.7%
54.8%
Q2 24
18.0%
53.1%
Q1 24
18.8%
55.7%
Net Margin
CSV
CSV
IIPR
IIPR
Q4 25
11.6%
47.8%
Q3 25
6.4%
45.3%
Q2 25
11.5%
41.4%
Q1 25
19.5%
43.3%
Q4 24
10.1%
52.2%
Q3 24
9.8%
52.6%
Q2 24
6.1%
52.6%
Q1 24
6.7%
52.3%
EPS (diluted)
CSV
CSV
IIPR
IIPR
Q4 25
$0.76
$1.07
Q3 25
$0.41
$0.97
Q2 25
$0.74
$0.86
Q1 25
$1.34
$1.03
Q4 24
$0.62
$1.35
Q3 24
$0.63
$1.37
Q2 24
$0.40
$1.44
Q1 24
$0.45
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSV
CSV
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$1.7M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$254.8M
$1.8B
Total Assets
$1.3B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
IIPR
IIPR
Q4 25
$1.7M
$47.6M
Q3 25
$1.2M
$41.9M
Q2 25
$1.4M
$104.9M
Q1 25
$4.6M
$133.3M
Q4 24
$1.2M
$151.2M
Q3 24
$1.3M
$172.4M
Q2 24
$1.5M
$160.9M
Q1 24
$1.7M
$173.5M
Total Debt
CSV
CSV
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CSV
CSV
IIPR
IIPR
Q4 25
$254.8M
$1.8B
Q3 25
$242.1M
$1.9B
Q2 25
$235.4M
$1.9B
Q1 25
$223.1M
$1.9B
Q4 24
$208.6M
$1.9B
Q3 24
$198.1M
$1.9B
Q2 24
$187.9M
$1.9B
Q1 24
$179.6M
$2.0B
Total Assets
CSV
CSV
IIPR
IIPR
Q4 25
$1.3B
$2.4B
Q3 25
$1.3B
$2.3B
Q2 25
$1.3B
$2.3B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.4B
Q3 24
$1.3B
$2.4B
Q2 24
$1.3B
$2.4B
Q1 24
$1.3B
$2.4B
Debt / Equity
CSV
CSV
IIPR
IIPR
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
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
CSV
CSV
IIPR
IIPR
Operating Cash FlowLast quarter
$14.1M
$198.2M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.15×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
IIPR
IIPR
Q4 25
$14.1M
$198.2M
Q3 25
$24.7M
$45.6M
Q2 25
$8.1M
$48.4M
Q1 25
$13.8M
$54.2M
Q4 24
$9.3M
$258.4M
Q3 24
$20.9M
$64.9M
Q2 24
$2.2M
$64.2M
Q1 24
$19.7M
$71.6M
Free Cash Flow
CSV
CSV
IIPR
IIPR
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
FCF Margin
CSV
CSV
IIPR
IIPR
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%
Capex Intensity
CSV
CSV
IIPR
IIPR
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%
Cash Conversion
CSV
CSV
IIPR
IIPR
Q4 25
1.15×
6.22×
Q3 25
3.76×
1.56×
Q2 25
0.69×
1.86×
Q1 25
0.66×
1.75×
Q4 24
0.94×
6.46×
Q3 24
2.11×
1.61×
Q2 24
0.34×
1.53×
Q1 24
2.83×
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSV
CSV

Propertyand Merchandise$47.8M45%
Cemetery Interment Rights$24.8M23%
Merchandise$18.9M18%
Other Revenue$10.2M10%
Other$3.9M4%

IIPR
IIPR

Segment breakdown not available.

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