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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and LIQUIDITY SERVICES INC (LQDT). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($120.7M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 6.2%, a 5.4% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 3.7%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (13.6% 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.
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
CSV vs LQDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $120.7M |
| Net Profit | $12.3M | $7.5M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 8.0% |
| Net Margin | 11.6% | 6.2% |
| Revenue YoY | 8.0% | 3.7% |
| Net Profit YoY | 24.5% | 6.7% |
| EPS (diluted) | $0.76 | $0.23 |
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.
| Q1 26 | — | $120.7M | ||
| Q4 25 | $105.5M | $121.2M | ||
| Q3 25 | $102.7M | $118.1M | ||
| Q2 25 | $102.1M | $119.9M | ||
| Q1 25 | $107.1M | $116.4M | ||
| Q4 24 | $97.7M | $122.3M | ||
| Q3 24 | $100.7M | $106.9M | ||
| Q2 24 | $102.3M | $93.6M |
| Q1 26 | — | $7.5M | ||
| Q4 25 | $12.3M | $7.5M | ||
| Q3 25 | $6.6M | $7.8M | ||
| Q2 25 | $11.7M | $7.4M | ||
| Q1 25 | $20.9M | $7.1M | ||
| Q4 24 | $9.9M | $5.8M | ||
| Q3 24 | $9.9M | $6.4M | ||
| Q2 24 | $6.3M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | 47.0% | ||
| Q3 25 | 35.3% | 47.8% | ||
| Q2 25 | 35.2% | 45.7% | ||
| Q1 25 | 35.3% | 40.8% | ||
| Q4 24 | 34.4% | 41.0% | ||
| Q3 24 | 35.2% | 45.6% | ||
| Q2 24 | 36.2% | 52.8% |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 23.3% | 7.7% | ||
| Q3 25 | 17.0% | 9.3% | ||
| Q2 25 | 23.5% | 8.5% | ||
| Q1 25 | 29.5% | 5.8% | ||
| Q4 24 | 21.6% | 5.8% | ||
| Q3 24 | 22.7% | 6.8% | ||
| Q2 24 | 18.0% | 8.4% |
| Q1 26 | — | 6.2% | ||
| Q4 25 | 11.6% | 6.2% | ||
| Q3 25 | 6.4% | 6.6% | ||
| Q2 25 | 11.5% | 6.2% | ||
| Q1 25 | 19.5% | 6.1% | ||
| Q4 24 | 10.1% | 4.7% | ||
| Q3 24 | 9.8% | 6.0% | ||
| Q2 24 | 6.1% | 6.4% |
| Q1 26 | — | $0.23 | ||
| Q4 25 | $0.76 | $0.23 | ||
| Q3 25 | $0.41 | $0.24 | ||
| Q2 25 | $0.74 | $0.23 | ||
| Q1 25 | $1.34 | $0.22 | ||
| Q4 24 | $0.62 | $0.18 | ||
| Q3 24 | $0.63 | $0.20 | ||
| Q2 24 | $0.40 | $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 | $204.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | — |
| Total Assets | $1.3B | $400.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.7M | $11.6M | ||
| Q3 25 | $1.2M | $11.2M | ||
| Q2 25 | $1.4M | $11.4M | ||
| Q1 25 | $4.6M | $10.5M | ||
| Q4 24 | $1.2M | $10.4M | ||
| Q3 24 | $1.3M | $2.3M | ||
| Q2 24 | $1.5M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | $254.8M | $215.3M | ||
| Q3 25 | $242.1M | $203.2M | ||
| Q2 25 | $235.4M | $208.7M | ||
| Q1 25 | $223.1M | $196.3M | ||
| Q4 24 | $208.6M | $189.2M | ||
| Q3 24 | $198.1M | $182.6M | ||
| Q2 24 | $187.9M | $172.0M |
| Q1 26 | — | $400.4M | ||
| Q4 25 | $1.3B | $369.1M | ||
| Q3 25 | $1.3B | $375.1M | ||
| Q2 25 | $1.3B | $372.4M | ||
| Q1 25 | $1.3B | $358.8M | ||
| Q4 24 | $1.3B | $333.2M | ||
| Q3 24 | $1.3B | $346.9M | ||
| Q2 24 | $1.3B | $325.5M |
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 | $29.0M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | 3.86× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.0M | ||
| Q4 25 | $14.1M | $-526.0K | ||
| Q3 25 | $24.7M | $38.0M | ||
| Q2 25 | $8.1M | $19.3M | ||
| Q1 25 | $13.8M | $21.6M | ||
| Q4 24 | $9.3M | $-12.1M | ||
| Q3 24 | $20.9M | $22.0M | ||
| Q2 24 | $2.2M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $-2.8M | ||
| Q3 25 | $18.0M | $36.0M | ||
| Q2 25 | $5.2M | $17.2M | ||
| Q1 25 | $10.6M | $19.8M | ||
| Q4 24 | $4.9M | $-14.0M | ||
| Q3 24 | $16.2M | $19.2M | ||
| Q2 24 | $-1.4M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | -2.3% | ||
| Q3 25 | 17.5% | 30.5% | ||
| Q2 25 | 5.1% | 14.3% | ||
| Q1 25 | 9.9% | 17.0% | ||
| Q4 24 | 5.0% | -11.4% | ||
| Q3 24 | 16.1% | 17.9% | ||
| Q2 24 | -1.4% | 21.7% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 1.9% | ||
| Q3 25 | 6.5% | 1.7% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 3.0% | 1.6% | ||
| Q4 24 | 4.5% | 1.5% | ||
| Q3 24 | 4.6% | 2.7% | ||
| Q2 24 | 3.5% | 2.1% |
| Q1 26 | — | 3.86× | ||
| Q4 25 | 1.15× | -0.07× | ||
| Q3 25 | 3.76× | 4.86× | ||
| Q2 25 | 0.69× | 2.60× | ||
| Q1 25 | 0.66× | 3.07× | ||
| Q4 24 | 0.94× | -2.09× | ||
| Q3 24 | 2.11× | 3.45× | ||
| Q2 24 | 0.34× | 3.71× |
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% |
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
