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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $105.5M, roughly 1.8× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 6.6%, a 5.1% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 8.0%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $6.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% 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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
CSV vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $186.9M |
| Net Profit | $12.3M | $12.3M |
| Gross Margin | 34.8% | 25.7% |
| Operating Margin | 23.3% | 9.4% |
| Net Margin | 11.6% | 6.6% |
| Revenue YoY | 8.0% | 30.1% |
| Net Profit YoY | 24.5% | 25.0% |
| EPS (diluted) | $0.76 | $1.01 |
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 | $186.9M | ||
| Q3 25 | $102.7M | $184.6M | ||
| Q2 25 | $102.1M | $142.2M | ||
| Q1 25 | $107.1M | $133.1M | ||
| Q4 24 | $97.7M | $143.7M | ||
| Q3 24 | $100.7M | $133.9M | ||
| Q2 24 | $102.3M | $122.2M | ||
| Q1 24 | $103.5M | $119.0M |
| Q4 25 | $12.3M | $12.3M | ||
| Q3 25 | $6.6M | $8.8M | ||
| Q2 25 | $11.7M | $7.8M | ||
| Q1 25 | $20.9M | $10.2M | ||
| Q4 24 | $9.9M | $9.8M | ||
| Q3 24 | $9.9M | $7.5M | ||
| Q2 24 | $6.3M | $6.0M | ||
| Q1 24 | $7.0M | $7.6M |
| Q4 25 | 34.8% | 25.7% | ||
| Q3 25 | 35.3% | 24.2% | ||
| Q2 25 | 35.2% | 28.0% | ||
| Q1 25 | 35.3% | 27.6% | ||
| Q4 24 | 34.4% | 30.3% | ||
| Q3 24 | 35.2% | 27.0% | ||
| Q2 24 | 36.2% | 27.4% | ||
| Q1 24 | 36.0% | 26.1% |
| Q4 25 | 23.3% | 9.4% | ||
| Q3 25 | 17.0% | 7.2% | ||
| Q2 25 | 23.5% | 7.5% | ||
| Q1 25 | 29.5% | 5.9% | ||
| Q4 24 | 21.6% | 9.1% | ||
| Q3 24 | 22.7% | 8.1% | ||
| Q2 24 | 18.0% | 6.7% | ||
| Q1 24 | 18.8% | 5.5% |
| Q4 25 | 11.6% | 6.6% | ||
| Q3 25 | 6.4% | 4.8% | ||
| Q2 25 | 11.5% | 5.5% | ||
| Q1 25 | 19.5% | 7.7% | ||
| Q4 24 | 10.1% | 6.9% | ||
| Q3 24 | 9.8% | 5.6% | ||
| Q2 24 | 6.1% | 4.9% | ||
| Q1 24 | 6.7% | 6.4% |
| Q4 25 | $0.76 | $1.01 | ||
| Q3 25 | $0.41 | $0.73 | ||
| Q2 25 | $0.74 | $0.64 | ||
| Q1 25 | $1.34 | $0.85 | ||
| Q4 24 | $0.62 | $0.81 | ||
| Q3 24 | $0.63 | $0.62 | ||
| Q2 24 | $0.40 | $0.50 | ||
| Q1 24 | $0.45 | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $254.8M | $195.7M |
| Total Assets | $1.3B | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $11.3M | ||
| Q3 25 | $1.2M | $9.8M | ||
| Q2 25 | $1.4M | $38.9M | ||
| Q1 25 | $4.6M | $38.1M | ||
| Q4 24 | $1.2M | $44.9M | ||
| Q3 24 | $1.3M | $51.2M | ||
| Q2 24 | $1.5M | $59.5M | ||
| Q1 24 | $1.7M | $48.2M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | $254.8M | $195.7M | ||
| Q3 25 | $242.1M | $181.6M | ||
| Q2 25 | $235.4M | $170.5M | ||
| Q1 25 | $223.1M | $161.1M | ||
| Q4 24 | $208.6M | $153.5M | ||
| Q3 24 | $198.1M | $142.2M | ||
| Q2 24 | $187.9M | $133.0M | ||
| Q1 24 | $179.6M | $125.5M |
| Q4 25 | $1.3B | $381.1M | ||
| Q3 25 | $1.3B | $409.1M | ||
| Q2 25 | $1.3B | $343.0M | ||
| Q1 25 | $1.3B | $336.4M | ||
| Q4 24 | $1.3B | $352.1M | ||
| Q3 24 | $1.3B | $324.4M | ||
| Q2 24 | $1.3B | $303.9M | ||
| Q1 24 | $1.3B | $289.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $6.2M | $27.9M |
| FCF MarginFCF / Revenue | 5.9% | 14.9% |
| Capex IntensityCapex / Revenue | 7.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.15× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $28.1M | ||
| Q3 25 | $24.7M | $13.3M | ||
| Q2 25 | $8.1M | $2.0M | ||
| Q1 25 | $13.8M | $2.2M | ||
| Q4 24 | $9.3M | $19.3M | ||
| Q3 24 | $20.9M | $4.9M | ||
| Q2 24 | $2.2M | $16.5M | ||
| Q1 24 | $19.7M | $-3.9M |
| Q4 25 | $6.2M | $27.9M | ||
| Q3 25 | $18.0M | $12.8M | ||
| Q2 25 | $5.2M | $1.2M | ||
| Q1 25 | $10.6M | $11.0K | ||
| Q4 24 | $4.9M | $18.0M | ||
| Q3 24 | $16.2M | $4.6M | ||
| Q2 24 | $-1.4M | $13.2M | ||
| Q1 24 | $16.2M | $-6.5M |
| Q4 25 | 5.9% | 14.9% | ||
| Q3 25 | 17.5% | 7.0% | ||
| Q2 25 | 5.1% | 0.8% | ||
| Q1 25 | 9.9% | 0.0% | ||
| Q4 24 | 5.0% | 12.5% | ||
| Q3 24 | 16.1% | 3.4% | ||
| Q2 24 | -1.4% | 10.8% | ||
| Q1 24 | 15.6% | -5.5% |
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 2.8% | 0.6% | ||
| Q1 25 | 3.0% | 1.7% | ||
| Q4 24 | 4.5% | 0.9% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 3.5% | 2.7% | ||
| Q1 24 | 3.4% | 2.1% |
| Q4 25 | 1.15× | 2.29× | ||
| Q3 25 | 3.76× | 1.52× | ||
| Q2 25 | 0.69× | 0.26× | ||
| Q1 25 | 0.66× | 0.22× | ||
| Q4 24 | 0.94× | 1.96× | ||
| Q3 24 | 2.11× | 0.66× | ||
| Q2 24 | 0.34× | 2.77× | ||
| Q1 24 | 2.83× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
