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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $84.2M, roughly 1.3× iQSTEL Inc). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -3.2%, a 14.8% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -14.9%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
CSV vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $84.2M |
| Net Profit | $12.3M | $-2.7M |
| Gross Margin | 34.8% | 3.5% |
| Operating Margin | 23.3% | -2.9% |
| Net Margin | 11.6% | -3.2% |
| Revenue YoY | 8.0% | -14.9% |
| Net Profit YoY | 24.5% | -44.5% |
| EPS (diluted) | $0.76 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $102.7M | $102.9M | ||
| Q2 25 | $102.1M | $72.2M | ||
| Q1 25 | $107.1M | $57.6M | ||
| Q4 24 | $97.7M | $98.9M | ||
| Q3 24 | $100.7M | $54.2M | ||
| Q2 24 | $102.3M | $78.6M | ||
| Q1 24 | $103.5M | $51.4M |
| Q4 25 | $12.3M | $-2.7M | ||
| Q3 25 | $6.6M | $-2.3M | ||
| Q2 25 | $11.7M | $-2.3M | ||
| Q1 25 | $20.9M | $-1.1M | ||
| Q4 24 | $9.9M | $-1.9M | ||
| Q3 24 | $9.9M | $-773.0K | ||
| Q2 24 | $6.3M | $-2.0M | ||
| Q1 24 | $7.0M | $-580.2K |
| Q4 25 | 34.8% | 3.5% | ||
| Q3 25 | 35.3% | 2.7% | ||
| Q2 25 | 35.2% | 2.6% | ||
| Q1 25 | 35.3% | 3.4% | ||
| Q4 24 | 34.4% | 2.7% | ||
| Q3 24 | 35.2% | 3.7% | ||
| Q2 24 | 36.2% | 2.8% | ||
| Q1 24 | 36.0% | 2.7% |
| Q4 25 | 23.3% | -2.9% | ||
| Q3 25 | 17.0% | -0.5% | ||
| Q2 25 | 23.5% | -0.9% | ||
| Q1 25 | 29.5% | -1.0% | ||
| Q4 24 | 21.6% | -0.3% | ||
| Q3 24 | 22.7% | -0.1% | ||
| Q2 24 | 18.0% | -0.4% | ||
| Q1 24 | 18.8% | -0.4% |
| Q4 25 | 11.6% | -3.2% | ||
| Q3 25 | 6.4% | -2.3% | ||
| Q2 25 | 11.5% | -3.3% | ||
| Q1 25 | 19.5% | -2.0% | ||
| Q4 24 | 10.1% | -1.9% | ||
| Q3 24 | 9.8% | -1.4% | ||
| Q2 24 | 6.1% | -2.5% | ||
| Q1 24 | 6.7% | -1.1% |
| Q4 25 | $0.76 | $-0.92 | ||
| Q3 25 | $0.41 | $-0.68 | ||
| Q2 25 | $0.74 | $-0.82 | ||
| Q1 25 | $1.34 | $-0.44 | ||
| Q4 24 | $0.62 | $-1.19 | ||
| Q3 24 | $0.63 | $-0.40 | ||
| Q2 24 | $0.40 | $-0.90 | ||
| Q1 24 | $0.45 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $254.8M | $16.3M |
| Total Assets | $1.3B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $2.2M | ||
| Q3 25 | $1.2M | $2.3M | ||
| Q2 25 | $1.4M | $2.0M | ||
| Q1 25 | $4.6M | $1.1M | ||
| Q4 24 | $1.2M | $2.5M | ||
| Q3 24 | $1.3M | $2.1M | ||
| Q2 24 | $1.5M | $797.2K | ||
| Q1 24 | $1.7M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $254.8M | $16.3M | ||
| Q3 25 | $242.1M | $17.9M | ||
| Q2 25 | $235.4M | $14.3M | ||
| Q1 25 | $223.1M | $11.6M | ||
| Q4 24 | $208.6M | $11.9M | ||
| Q3 24 | $198.1M | $8.1M | ||
| Q2 24 | $187.9M | $7.6M | ||
| Q1 24 | $179.6M | $8.4M |
| Q4 25 | $1.3B | $51.1M | ||
| Q3 25 | $1.3B | $46.9M | ||
| Q2 25 | $1.3B | $51.4M | ||
| Q1 25 | $1.3B | $42.0M | ||
| Q4 24 | $1.3B | $79.0M | ||
| Q3 24 | $1.3B | $32.4M | ||
| Q2 24 | $1.3B | $30.0M | ||
| Q1 24 | $1.3B | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $6.2M | $-1.2M |
| FCF MarginFCF / Revenue | 5.9% | -1.5% |
| Capex IntensityCapex / Revenue | 7.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-1.2M | ||
| Q3 25 | $24.7M | $-953.0K | ||
| Q2 25 | $8.1M | $257.7K | ||
| Q1 25 | $13.8M | $-1.9M | ||
| Q4 24 | $9.3M | $-403.7K | ||
| Q3 24 | $20.9M | $625.0K | ||
| Q2 24 | $2.2M | $-2.6M | ||
| Q1 24 | $19.7M | $-536.9K |
| Q4 25 | $6.2M | $-1.2M | ||
| Q3 25 | $18.0M | $-969.2K | ||
| Q2 25 | $5.2M | $211.7K | ||
| Q1 25 | $10.6M | $-2.0M | ||
| Q4 24 | $4.9M | $-421.3K | ||
| Q3 24 | $16.2M | $594.5K | ||
| Q2 24 | $-1.4M | $-2.6M | ||
| Q1 24 | $16.2M | $-608.5K |
| Q4 25 | 5.9% | -1.5% | ||
| Q3 25 | 17.5% | -0.9% | ||
| Q2 25 | 5.1% | 0.3% | ||
| Q1 25 | 9.9% | -3.4% | ||
| Q4 24 | 5.0% | -0.4% | ||
| Q3 24 | 16.1% | 1.1% | ||
| Q2 24 | -1.4% | -3.4% | ||
| Q1 24 | 15.6% | -1.2% |
| Q4 25 | 7.5% | 0.0% | ||
| Q3 25 | 6.5% | 0.0% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 3.0% | 0.1% | ||
| Q4 24 | 4.5% | 0.0% | ||
| Q3 24 | 4.6% | 0.1% | ||
| Q2 24 | 3.5% | 0.0% | ||
| Q1 24 | 3.4% | 0.1% |
| 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% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
