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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 11.6%, a 36.5% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -11.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-55.2M). 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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
CSV vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $120.6M |
| Net Profit | $12.3M | $58.0M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 57.3% |
| Net Margin | 11.6% | 48.1% |
| Revenue YoY | 8.0% | -11.0% |
| Net Profit YoY | 24.5% | 32.7% |
| EPS (diluted) | $0.76 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $102.7M | $116.4M | ||
| Q2 25 | $102.1M | $135.7M | ||
| Q1 25 | $107.1M | $128.3M | ||
| Q4 24 | $97.7M | $135.5M | ||
| Q3 24 | $100.7M | $127.5M | ||
| Q2 24 | $102.3M | $132.0M | ||
| Q1 24 | $103.5M | $136.4M |
| Q4 25 | $12.3M | $58.0M | ||
| Q3 25 | $6.6M | $-10.2M | ||
| Q2 25 | $11.7M | $5.6M | ||
| Q1 25 | $20.9M | $-29.6M | ||
| Q4 24 | $9.9M | $43.7M | ||
| Q3 24 | $9.9M | $-66.8M | ||
| Q2 24 | $6.3M | $-48.3M | ||
| Q1 24 | $7.0M | $37.7M |
| 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% | 57.3% | ||
| Q3 25 | 17.0% | -6.2% | ||
| Q2 25 | 23.5% | 7.4% | ||
| Q1 25 | 29.5% | -26.9% | ||
| Q4 24 | 21.6% | 36.7% | ||
| Q3 24 | 22.7% | -60.8% | ||
| Q2 24 | 18.0% | -45.5% | ||
| Q1 24 | 18.8% | 47.2% |
| Q4 25 | 11.6% | 48.1% | ||
| Q3 25 | 6.4% | -8.8% | ||
| Q2 25 | 11.5% | 4.1% | ||
| Q1 25 | 19.5% | -23.1% | ||
| Q4 24 | 10.1% | 32.3% | ||
| Q3 24 | 9.8% | -52.4% | ||
| Q2 24 | 6.1% | -36.6% | ||
| Q1 24 | 6.7% | 27.6% |
| Q4 25 | $0.76 | $0.22 | ||
| Q3 25 | $0.41 | $-0.15 | ||
| Q2 25 | $0.74 | $-0.05 | ||
| Q1 25 | $1.34 | $-0.30 | ||
| Q4 24 | $0.62 | $0.24 | ||
| Q3 24 | $0.63 | $-0.56 | ||
| Q2 24 | $0.40 | $-0.43 | ||
| 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 | $184.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $1.5B |
| Total Assets | $1.3B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $184.5M | ||
| Q3 25 | $1.2M | $382.6M | ||
| Q2 25 | $1.4M | $309.1M | ||
| Q1 25 | $4.6M | $356.6M | ||
| Q4 24 | $1.2M | $217.5M | ||
| Q3 24 | $1.3M | $367.1M | ||
| Q2 24 | $1.5M | $366.5M | ||
| Q1 24 | $1.7M | $541.9M |
| Q4 25 | $254.8M | $1.5B | ||
| Q3 25 | $242.1M | $1.5B | ||
| Q2 25 | $235.4M | $1.6B | ||
| Q1 25 | $223.1M | $1.6B | ||
| Q4 24 | $208.6M | $1.6B | ||
| Q3 24 | $198.1M | $1.6B | ||
| Q2 24 | $187.9M | $1.7B | ||
| Q1 24 | $179.6M | $1.7B |
| Q4 25 | $1.3B | $6.6B | ||
| Q3 25 | $1.3B | $6.7B | ||
| Q2 25 | $1.3B | $6.8B | ||
| Q1 25 | $1.3B | $7.2B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.3B | $7.5B | ||
| Q1 24 | $1.3B | $7.7B |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $6.2M | $-55.2M |
| FCF MarginFCF / Revenue | 5.9% | -45.8% |
| Capex IntensityCapex / Revenue | 7.5% | 55.2% |
| Cash ConversionOCF / Net Profit | 1.15× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $11.4M | ||
| Q3 25 | $24.7M | $-7.6M | ||
| Q2 25 | $8.1M | $42.0M | ||
| Q1 25 | $13.8M | $-51.9M | ||
| Q4 24 | $9.3M | $55.1M | ||
| Q3 24 | $20.9M | $-5.6M | ||
| Q2 24 | $2.2M | $36.7M | ||
| Q1 24 | $19.7M | $-5.6M |
| Q4 25 | $6.2M | $-55.2M | ||
| Q3 25 | $18.0M | $-18.0M | ||
| Q2 25 | $5.2M | $29.4M | ||
| Q1 25 | $10.6M | $-59.7M | ||
| Q4 24 | $4.9M | $-76.5M | ||
| Q3 24 | $16.2M | $-27.7M | ||
| Q2 24 | $-1.4M | $-500.0K | ||
| Q1 24 | $16.2M | $-57.1M |
| Q4 25 | 5.9% | -45.8% | ||
| Q3 25 | 17.5% | -15.5% | ||
| Q2 25 | 5.1% | 21.7% | ||
| Q1 25 | 9.9% | -46.5% | ||
| Q4 24 | 5.0% | -56.5% | ||
| Q3 24 | 16.1% | -21.7% | ||
| Q2 24 | -1.4% | -0.4% | ||
| Q1 24 | 15.6% | -41.9% |
| Q4 25 | 7.5% | 55.2% | ||
| Q3 25 | 6.5% | 8.9% | ||
| Q2 25 | 2.8% | 9.3% | ||
| Q1 25 | 3.0% | 6.1% | ||
| Q4 24 | 4.5% | 97.1% | ||
| Q3 24 | 4.6% | 17.3% | ||
| Q2 24 | 3.5% | 28.2% | ||
| Q1 24 | 3.4% | 37.8% |
| Q4 25 | 1.15× | 0.20× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 7.50× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 1.26× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
