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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $56.8M, roughly 1.9× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs 11.6%, a 2.6% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 8.0%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $6.2M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
CSV vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $56.8M |
| Net Profit | $12.3M | $8.1M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 60.0% |
| Net Margin | 11.6% | 14.2% |
| Revenue YoY | 8.0% | 55.6% |
| Net Profit YoY | 24.5% | -83.7% |
| EPS (diluted) | $0.76 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $102.7M | $50.8M | ||
| Q2 25 | $102.1M | $47.5M | ||
| Q1 25 | $107.1M | $44.0M | ||
| Q4 24 | $97.7M | $36.5M | ||
| Q3 24 | $100.7M | $28.5M | ||
| Q2 24 | $102.3M | $26.0M | ||
| Q1 24 | $103.5M | $19.0M |
| Q4 25 | $12.3M | $8.1M | ||
| Q3 25 | $6.6M | $8.1M | ||
| Q2 25 | $11.7M | $7.5M | ||
| Q1 25 | $20.9M | $6.5M | ||
| Q4 24 | $9.9M | $49.3M | ||
| Q3 24 | $9.9M | $2.7M | ||
| Q2 24 | $6.3M | $-57.7M | ||
| Q1 24 | $7.0M | $10.8M |
| 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% | 60.0% | ||
| Q3 25 | 17.0% | 60.8% | ||
| Q2 25 | 23.5% | 60.0% | ||
| Q1 25 | 29.5% | 57.0% | ||
| Q4 24 | 21.6% | 49.4% | ||
| Q3 24 | 22.7% | 11.2% | ||
| Q2 24 | 18.0% | -197.4% | ||
| Q1 24 | 18.8% | 71.1% |
| Q4 25 | 11.6% | 14.2% | ||
| Q3 25 | 6.4% | 15.9% | ||
| Q2 25 | 11.5% | 15.8% | ||
| Q1 25 | 19.5% | 14.7% | ||
| Q4 24 | 10.1% | 135.2% | ||
| Q3 24 | 9.8% | 9.3% | ||
| Q2 24 | 6.1% | -222.1% | ||
| Q1 24 | 6.7% | 56.7% |
| Q4 25 | $0.76 | $0.24 | ||
| Q3 25 | $0.41 | $0.26 | ||
| Q2 25 | $0.74 | $0.24 | ||
| Q1 25 | $1.34 | $0.20 | ||
| Q4 24 | $0.62 | — | ||
| Q3 24 | $0.63 | $-0.04 | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.45 | — |
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 | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $254.8M | $340.3M |
| Total Assets | $1.3B | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $30.7M | ||
| Q3 25 | $1.2M | $28.3M | ||
| Q2 25 | $1.4M | $20.3M | ||
| Q1 25 | $4.6M | $14.9M | ||
| Q4 24 | $1.2M | $37.0M | ||
| Q3 24 | $1.3M | $14.4M | ||
| Q2 24 | $1.5M | $24.6M | ||
| Q1 24 | $1.7M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $340.3M | ||
| Q3 25 | $242.1M | $272.0M | ||
| Q2 25 | $235.4M | $266.4M | ||
| Q1 25 | $223.1M | $217.0M | ||
| Q4 24 | $208.6M | $211.8M | ||
| Q3 24 | $198.1M | $97.2M | ||
| Q2 24 | $187.9M | $296.4M | ||
| Q1 24 | $179.6M | $162.3M |
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $689.9M | ||
| Q2 24 | $1.3B | $710.5M | ||
| Q1 24 | $1.3B | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | $6.2M | $122.0M |
| FCF MarginFCF / Revenue | 5.9% | 214.9% |
| Capex IntensityCapex / Revenue | 7.5% | 7.5% |
| Cash ConversionOCF / Net Profit | 1.15× | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $126.3M | ||
| Q3 25 | $24.7M | $34.9M | ||
| Q2 25 | $8.1M | $37.3M | ||
| Q1 25 | $13.8M | $15.9M | ||
| Q4 24 | $9.3M | $67.6M | ||
| Q3 24 | $20.9M | $7.5M | ||
| Q2 24 | $2.2M | $16.0M | ||
| Q1 24 | $19.7M | $17.2M |
| Q4 25 | $6.2M | $122.0M | ||
| Q3 25 | $18.0M | $33.7M | ||
| Q2 25 | $5.2M | $36.1M | ||
| Q1 25 | $10.6M | $15.8M | ||
| Q4 24 | $4.9M | $66.7M | ||
| Q3 24 | $16.2M | $7.1M | ||
| Q2 24 | $-1.4M | $15.7M | ||
| Q1 24 | $16.2M | $17.1M |
| Q4 25 | 5.9% | 214.9% | ||
| Q3 25 | 17.5% | 66.3% | ||
| Q2 25 | 5.1% | 75.9% | ||
| Q1 25 | 9.9% | 36.0% | ||
| Q4 24 | 5.0% | 182.6% | ||
| Q3 24 | 16.1% | 25.1% | ||
| Q2 24 | -1.4% | 60.4% | ||
| Q1 24 | 15.6% | 90.1% |
| Q4 25 | 7.5% | 7.5% | ||
| Q3 25 | 6.5% | 2.3% | ||
| Q2 25 | 2.8% | 2.6% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 4.5% | 2.7% | ||
| Q3 24 | 4.6% | 1.1% | ||
| Q2 24 | 3.5% | 1.4% | ||
| Q1 24 | 3.4% | 0.5% |
| Q4 25 | 1.15× | 15.68× | ||
| Q3 25 | 3.76× | 4.31× | ||
| Q2 25 | 0.69× | 4.98× | ||
| Q1 25 | 0.66× | 2.46× | ||
| Q4 24 | 0.94× | 1.37× | ||
| Q3 24 | 2.11× | 2.80× | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | 1.60× |
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% |
LB
Segment breakdown not available.
