vs
Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $58.0M, roughly 1.8× indie Semiconductor, Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -53.8%, a 65.5% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -0.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-16.1M). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% 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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
CSV vs INDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $58.0M |
| Net Profit | $12.3M | $-31.2M |
| Gross Margin | 34.8% | 37.3% |
| Operating Margin | 23.3% | -58.5% |
| Net Margin | 11.6% | -53.8% |
| Revenue YoY | 8.0% | -0.0% |
| Net Profit YoY | 24.5% | 9.1% |
| EPS (diluted) | $0.76 | $-0.16 |
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 | $58.0M | ||
| Q3 25 | $102.7M | $53.7M | ||
| Q2 25 | $102.1M | $51.6M | ||
| Q1 25 | $107.1M | $54.1M | ||
| Q4 24 | $97.7M | $58.0M | ||
| Q3 24 | $100.7M | $54.0M | ||
| Q2 24 | $102.3M | $52.4M | ||
| Q1 24 | $103.5M | $52.4M |
| Q4 25 | $12.3M | $-31.2M | ||
| Q3 25 | $6.6M | $-38.3M | ||
| Q2 25 | $11.7M | $-39.0M | ||
| Q1 25 | $20.9M | $-34.5M | ||
| Q4 24 | $9.9M | $-34.4M | ||
| Q3 24 | $9.9M | $-49.7M | ||
| Q2 24 | $6.3M | $-19.2M | ||
| Q1 24 | $7.0M | $-31.2M |
| Q4 25 | 34.8% | 37.3% | ||
| Q3 25 | 35.3% | 40.1% | ||
| Q2 25 | 35.2% | 40.6% | ||
| Q1 25 | 35.3% | 41.7% | ||
| Q4 24 | 34.4% | 42.6% | ||
| Q3 24 | 35.2% | 39.3% | ||
| Q2 24 | 36.2% | 42.2% | ||
| Q1 24 | 36.0% | 42.5% |
| Q4 25 | 23.3% | -58.5% | ||
| Q3 25 | 17.0% | -71.4% | ||
| Q2 25 | 23.5% | -83.3% | ||
| Q1 25 | 29.5% | -72.0% | ||
| Q4 24 | 21.6% | -58.4% | ||
| Q3 24 | 22.7% | -92.5% | ||
| Q2 24 | 18.0% | -70.0% | ||
| Q1 24 | 18.8% | -94.8% |
| Q4 25 | 11.6% | -53.8% | ||
| Q3 25 | 6.4% | -71.3% | ||
| Q2 25 | 11.5% | -75.6% | ||
| Q1 25 | 19.5% | -63.9% | ||
| Q4 24 | 10.1% | -59.2% | ||
| Q3 24 | 9.8% | -92.1% | ||
| Q2 24 | 6.1% | -36.6% | ||
| Q1 24 | 6.7% | -59.6% |
| Q4 25 | $0.76 | $-0.16 | ||
| Q3 25 | $0.41 | $-0.19 | ||
| Q2 25 | $0.74 | $-0.20 | ||
| Q1 25 | $1.34 | $-0.18 | ||
| Q4 24 | $0.62 | $-0.18 | ||
| Q3 24 | $0.63 | $-0.28 | ||
| Q2 24 | $0.40 | $-0.11 | ||
| 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 | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $254.8M | $358.0M |
| Total Assets | $1.3B | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $145.5M | ||
| Q3 25 | $1.2M | $160.9M | ||
| Q2 25 | $1.4M | $192.6M | ||
| Q1 25 | $4.6M | $236.6M | ||
| Q4 24 | $1.2M | $274.2M | ||
| Q3 24 | $1.3M | $96.9M | ||
| Q2 24 | $1.5M | $112.3M | ||
| Q1 24 | $1.7M | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $358.0M | ||
| Q3 25 | $242.1M | $369.2M | ||
| Q2 25 | $235.4M | $390.4M | ||
| Q1 25 | $223.1M | $405.6M | ||
| Q4 24 | $208.6M | $417.9M | ||
| Q3 24 | $198.1M | $458.6M | ||
| Q2 24 | $187.9M | $470.7M | ||
| Q1 24 | $179.6M | $432.9M |
| Q4 25 | $1.3B | $840.8M | ||
| Q3 25 | $1.3B | $855.1M | ||
| Q2 25 | $1.3B | $867.6M | ||
| Q1 25 | $1.3B | $909.0M | ||
| Q4 24 | $1.3B | $941.4M | ||
| Q3 24 | $1.3B | $797.5M | ||
| Q2 24 | $1.3B | $797.3M | ||
| Q1 24 | $1.3B | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| 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 | $-14.4M |
| Free Cash FlowOCF − Capex | $6.2M | $-16.1M |
| FCF MarginFCF / Revenue | 5.9% | -27.8% |
| Capex IntensityCapex / Revenue | 7.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-14.4M | ||
| Q3 25 | $24.7M | $-6.2M | ||
| Q2 25 | $8.1M | $-7.6M | ||
| Q1 25 | $13.8M | $-29.0M | ||
| Q4 24 | $9.3M | $-6.7M | ||
| Q3 24 | $20.9M | $-22.8M | ||
| Q2 24 | $2.2M | $-19.7M | ||
| Q1 24 | $19.7M | $-9.3M |
| Q4 25 | $6.2M | $-16.1M | ||
| Q3 25 | $18.0M | $-10.3M | ||
| Q2 25 | $5.2M | $-13.6M | ||
| Q1 25 | $10.6M | $-31.4M | ||
| Q4 24 | $4.9M | $-8.6M | ||
| Q3 24 | $16.2M | $-29.3M | ||
| Q2 24 | $-1.4M | $-23.4M | ||
| Q1 24 | $16.2M | $-11.7M |
| Q4 25 | 5.9% | -27.8% | ||
| Q3 25 | 17.5% | -19.2% | ||
| Q2 25 | 5.1% | -26.4% | ||
| Q1 25 | 9.9% | -58.0% | ||
| Q4 24 | 5.0% | -14.8% | ||
| Q3 24 | 16.1% | -54.3% | ||
| Q2 24 | -1.4% | -44.7% | ||
| Q1 24 | 15.6% | -22.3% |
| Q4 25 | 7.5% | 3.0% | ||
| Q3 25 | 6.5% | 7.8% | ||
| Q2 25 | 2.8% | 11.6% | ||
| Q1 25 | 3.0% | 4.4% | ||
| Q4 24 | 4.5% | 3.2% | ||
| Q3 24 | 4.6% | 12.1% | ||
| Q2 24 | 3.5% | 7.0% | ||
| Q1 24 | 3.4% | 4.4% |
| 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% |
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
