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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -1.6%, a 13.2% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs 0.7%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
CSV vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $113.9M |
| Net Profit | $12.3M | $-1.8M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -22.1% |
| Net Margin | 11.6% | -1.6% |
| Revenue YoY | 8.0% | 3.1% |
| Net Profit YoY | 24.5% | 92.6% |
| EPS (diluted) | $0.76 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $102.7M | $110.9M | ||
| Q2 25 | $102.1M | $112.1M | ||
| Q1 25 | $107.1M | $111.9M | ||
| Q4 24 | $97.7M | $110.5M | ||
| Q3 24 | $100.7M | $108.9M | ||
| Q2 24 | $102.3M | $110.6M | ||
| Q1 24 | $103.5M | $112.2M |
| Q4 25 | $12.3M | $-1.8M | ||
| Q3 25 | $6.6M | $-21.6M | ||
| Q2 25 | $11.7M | $-21.3M | ||
| Q1 25 | $20.9M | $-21.5M | ||
| Q4 24 | $9.9M | $-24.1M | ||
| Q3 24 | $9.9M | $-25.0M | ||
| Q2 24 | $6.3M | $-23.2M | ||
| Q1 24 | $7.0M | $-23.4M |
| 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% | -22.1% | ||
| Q3 25 | 17.0% | -29.4% | ||
| Q2 25 | 23.5% | -30.8% | ||
| Q1 25 | 29.5% | -26.9% | ||
| Q4 24 | 21.6% | -31.1% | ||
| Q3 24 | 22.7% | -33.5% | ||
| Q2 24 | 18.0% | -32.4% | ||
| Q1 24 | 18.8% | -31.7% |
| Q4 25 | 11.6% | -1.6% | ||
| Q3 25 | 6.4% | -19.4% | ||
| Q2 25 | 11.5% | -19.0% | ||
| Q1 25 | 19.5% | -19.2% | ||
| Q4 24 | 10.1% | -21.8% | ||
| Q3 24 | 9.8% | -22.9% | ||
| Q2 24 | 6.1% | -20.9% | ||
| Q1 24 | 6.7% | -20.9% |
| Q4 25 | $0.76 | $-0.02 | ||
| Q3 25 | $0.41 | $-0.33 | ||
| Q2 25 | $0.74 | $-0.32 | ||
| Q1 25 | $1.34 | $-0.33 | ||
| Q4 24 | $0.62 | $-0.37 | ||
| Q3 24 | $0.63 | $-0.38 | ||
| Q2 24 | $0.40 | $-0.35 | ||
| Q1 24 | $0.45 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $254.8M | $489.7M |
| Total Assets | $1.3B | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $94.8M | ||
| Q3 25 | $1.2M | $83.2M | ||
| Q2 25 | $1.4M | $58.6M | ||
| Q1 25 | $4.6M | $108.0M | ||
| Q4 24 | $1.2M | $131.7M | ||
| Q3 24 | $1.3M | $153.9M | ||
| Q2 24 | $1.5M | $146.2M | ||
| Q1 24 | $1.7M | $128.4M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $254.8M | $489.7M | ||
| Q3 25 | $242.1M | $494.1M | ||
| Q2 25 | $235.4M | $519.1M | ||
| Q1 25 | $223.1M | $539.5M | ||
| Q4 24 | $208.6M | $562.0M | ||
| Q3 24 | $198.1M | $585.9M | ||
| Q2 24 | $187.9M | $618.3M | ||
| Q1 24 | $179.6M | $643.2M |
| Q4 25 | $1.3B | $5.2B | ||
| Q3 25 | $1.3B | $5.2B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.3B | $5.4B | ||
| Q4 24 | $1.3B | $5.4B | ||
| Q3 24 | $1.3B | $5.5B | ||
| Q2 24 | $1.3B | $5.5B | ||
| Q1 24 | $1.3B | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $6.2M | $42.0M |
| FCF MarginFCF / Revenue | 5.9% | 36.9% |
| Capex IntensityCapex / Revenue | 7.5% | 16.4% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $60.7M | ||
| Q3 25 | $24.7M | $22.7M | ||
| Q2 25 | $8.1M | $18.4M | ||
| Q1 25 | $13.8M | $11.4M | ||
| Q4 24 | $9.3M | $2.0M | ||
| Q3 24 | $20.9M | $-3.4M | ||
| Q2 24 | $2.2M | $10.8M | ||
| Q1 24 | $19.7M | $8.0M |
| Q4 25 | $6.2M | $42.0M | ||
| Q3 25 | $18.0M | $17.6M | ||
| Q2 25 | $5.2M | $15.2M | ||
| Q1 25 | $10.6M | $5.0M | ||
| Q4 24 | $4.9M | $-3.7M | ||
| Q3 24 | $16.2M | $-5.9M | ||
| Q2 24 | $-1.4M | $9.4M | ||
| Q1 24 | $16.2M | $5.9M |
| Q4 25 | 5.9% | 36.9% | ||
| Q3 25 | 17.5% | 15.9% | ||
| Q2 25 | 5.1% | 13.5% | ||
| Q1 25 | 9.9% | 4.5% | ||
| Q4 24 | 5.0% | -3.4% | ||
| Q3 24 | 16.1% | -5.5% | ||
| Q2 24 | -1.4% | 8.5% | ||
| Q1 24 | 15.6% | 5.2% |
| Q4 25 | 7.5% | 16.4% | ||
| Q3 25 | 6.5% | 4.6% | ||
| Q2 25 | 2.8% | 2.9% | ||
| Q1 25 | 3.0% | 5.7% | ||
| Q4 24 | 4.5% | 5.2% | ||
| Q3 24 | 4.6% | 2.3% | ||
| Q2 24 | 3.5% | 1.3% | ||
| Q1 24 | 3.4% | 1.9% |
| 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% |
ILPT
Segment breakdown not available.
