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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $105.5M, roughly 1.2× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -35.7%, a 47.3% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -2.5%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -6.3%).

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

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

CSV vs JBGS — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.2× larger
JBGS
$127.6M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+10.4% gap
CSV
8.0%
-2.5%
JBGS
Higher net margin
CSV
CSV
47.3% more per $
CSV
11.6%
-35.7%
JBGS
Faster 2-yr revenue CAGR
CSV
CSV
Annualised
CSV
1.0%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
JBGS
JBGS
Revenue
$105.5M
$127.6M
Net Profit
$12.3M
$-45.5M
Gross Margin
34.8%
Operating Margin
23.3%
-47.5%
Net Margin
11.6%
-35.7%
Revenue YoY
8.0%
-2.5%
Net Profit YoY
24.5%
24.0%
EPS (diluted)
$0.76
$-0.76

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
JBGS
JBGS
Q4 25
$105.5M
$127.6M
Q3 25
$102.7M
$123.9M
Q2 25
$102.1M
$126.5M
Q1 25
$107.1M
$120.7M
Q4 24
$97.7M
$130.8M
Q3 24
$100.7M
$136.0M
Q2 24
$102.3M
$135.3M
Q1 24
$103.5M
$145.2M
Net Profit
CSV
CSV
JBGS
JBGS
Q4 25
$12.3M
$-45.5M
Q3 25
$6.6M
$-28.6M
Q2 25
$11.7M
$-19.2M
Q1 25
$20.9M
$-45.7M
Q4 24
$9.9M
$-59.9M
Q3 24
$9.9M
$-27.0M
Q2 24
$6.3M
$-24.4M
Q1 24
$7.0M
$-32.3M
Gross Margin
CSV
CSV
JBGS
JBGS
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
JBGS
JBGS
Q4 25
23.3%
-47.5%
Q3 25
17.0%
-27.5%
Q2 25
23.5%
-18.4%
Q1 25
29.5%
-44.7%
Q4 24
21.6%
-53.6%
Q3 24
22.7%
-22.4%
Q2 24
18.0%
-24.3%
Q1 24
18.8%
-30.1%
Net Margin
CSV
CSV
JBGS
JBGS
Q4 25
11.6%
-35.7%
Q3 25
6.4%
-23.1%
Q2 25
11.5%
-15.2%
Q1 25
19.5%
-37.9%
Q4 24
10.1%
-45.8%
Q3 24
9.8%
-19.8%
Q2 24
6.1%
-18.0%
Q1 24
6.7%
-22.2%
EPS (diluted)
CSV
CSV
JBGS
JBGS
Q4 25
$0.76
$-0.76
Q3 25
$0.41
$-0.48
Q2 25
$0.74
$-0.29
Q1 25
$1.34
$-0.56
Q4 24
$0.62
$-0.70
Q3 24
$0.63
$-0.32
Q2 24
$0.40
$-0.27
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
CSV
CSV
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$1.7M
$75.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$1.2B
Total Assets
$1.3B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
JBGS
JBGS
Q4 25
$1.7M
$75.3M
Q3 25
$1.2M
$64.4M
Q2 25
$1.4M
$61.4M
Q1 25
$4.6M
$81.3M
Q4 24
$1.2M
$145.8M
Q3 24
$1.3M
$137.0M
Q2 24
$1.5M
$163.5M
Q1 24
$1.7M
$220.5M
Stockholders' Equity
CSV
CSV
JBGS
JBGS
Q4 25
$254.8M
$1.2B
Q3 25
$242.1M
$1.2B
Q2 25
$235.4M
$1.3B
Q1 25
$223.1M
$1.6B
Q4 24
$208.6M
$1.8B
Q3 24
$198.1M
$1.9B
Q2 24
$187.9M
$2.0B
Q1 24
$179.6M
$2.1B
Total Assets
CSV
CSV
JBGS
JBGS
Q4 25
$1.3B
$4.4B
Q3 25
$1.3B
$4.4B
Q2 25
$1.3B
$4.5B
Q1 25
$1.3B
$4.7B
Q4 24
$1.3B
$5.0B
Q3 24
$1.3B
$5.2B
Q2 24
$1.3B
$5.3B
Q1 24
$1.3B
$5.4B

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
JBGS
JBGS
Operating Cash FlowLast quarter
$14.1M
$73.3M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
JBGS
JBGS
Q4 25
$14.1M
$73.3M
Q3 25
$24.7M
$8.9M
Q2 25
$8.1M
$18.8M
Q1 25
$13.8M
$12.9M
Q4 24
$9.3M
$129.4M
Q3 24
$20.9M
$26.4M
Q2 24
$2.2M
$23.8M
Q1 24
$19.7M
$37.0M
Free Cash Flow
CSV
CSV
JBGS
JBGS
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
JBGS
JBGS
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
JBGS
JBGS
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
JBGS
JBGS
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
CSV

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

JBGS
JBGS

Segment breakdown not available.

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