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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and MARA Holdings, Inc. (MARA). Click either name above to swap in a different company.
MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -14298.3%, a 14309.9% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -5.6%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% 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.
MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.
CSV vs MARA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $202.3M |
| Net Profit | $12.3M | $-1.7B |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -11795.9% |
| Net Margin | 11.6% | -14298.3% |
| Revenue YoY | 8.0% | -5.6% |
| Net Profit YoY | 24.5% | -423.5% |
| EPS (diluted) | $0.76 | $-4.25 |
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 | $202.3M | ||
| Q3 25 | $102.7M | $252.4M | ||
| Q2 25 | $102.1M | $238.5M | ||
| Q1 25 | $107.1M | $213.9M | ||
| Q4 24 | $97.7M | $214.4M | ||
| Q3 24 | $100.7M | $131.6M | ||
| Q2 24 | $102.3M | $145.1M | ||
| Q1 24 | $103.5M | $165.2M |
| Q4 25 | $12.3M | $-1.7B | ||
| Q3 25 | $6.6M | $123.1M | ||
| Q2 25 | $11.7M | $808.2M | ||
| Q1 25 | $20.9M | $-533.4M | ||
| Q4 24 | $9.9M | $528.5M | ||
| Q3 24 | $9.9M | $-124.8M | ||
| Q2 24 | $6.3M | $-199.7M | ||
| Q1 24 | $7.0M | $337.2M |
| Q4 25 | 34.8% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | 35.3% | — | ||
| Q4 24 | 34.4% | -2613.4% | ||
| Q3 24 | 35.2% | -1065.0% | ||
| Q2 24 | 36.2% | -587.6% | ||
| Q1 24 | 36.0% | -289.4% |
| Q4 25 | 23.3% | -11795.9% | ||
| Q3 25 | 17.0% | 18.9% | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | -253.0% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | -130.8% | ||
| Q2 24 | 18.0% | -160.1% | ||
| Q1 24 | 18.8% | — |
| Q4 25 | 11.6% | -14298.3% | ||
| Q3 25 | 6.4% | 48.8% | ||
| Q2 25 | 11.5% | 338.9% | ||
| Q1 25 | 19.5% | -249.4% | ||
| Q4 24 | 10.1% | 5367.4% | ||
| Q3 24 | 9.8% | -94.8% | ||
| Q2 24 | 6.1% | -137.6% | ||
| Q1 24 | 6.7% | 204.1% |
| Q4 25 | $0.76 | $-4.25 | ||
| Q3 25 | $0.41 | $0.27 | ||
| Q2 25 | $0.74 | $1.84 | ||
| Q1 25 | $1.34 | $-1.55 | ||
| Q4 24 | $0.62 | $1.60 | ||
| Q3 24 | $0.63 | $-0.42 | ||
| Q2 24 | $0.40 | $-0.72 | ||
| Q1 24 | $0.45 | $1.26 |
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 | $547.1M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $254.8M | $3.5B |
| Total Assets | $1.3B | $7.3B |
| Debt / EquityLower = less leverage | — | 1.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $547.1M | ||
| Q3 25 | $1.2M | $826.4M | ||
| Q2 25 | $1.4M | $109.5M | ||
| Q1 25 | $4.6M | $196.2M | ||
| Q4 24 | $1.2M | $391.8M | ||
| Q3 24 | $1.3M | $164.3M | ||
| Q2 24 | $1.5M | $256.0M | ||
| Q1 24 | $1.7M | $324.3M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $618.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $3.5B | ||
| Q3 25 | $242.1M | $5.2B | ||
| Q2 25 | $235.4M | $4.8B | ||
| Q1 25 | $223.1M | $3.7B | ||
| Q4 24 | $208.6M | $4.1B | ||
| Q3 24 | $198.1M | $2.9B | ||
| Q2 24 | $187.9M | $2.6B | ||
| Q1 24 | $179.6M | $2.5B |
| Q4 25 | $1.3B | $7.3B | ||
| Q3 25 | $1.3B | $9.2B | ||
| Q2 25 | $1.3B | $7.7B | ||
| Q1 25 | $1.3B | $6.4B | ||
| Q4 24 | $1.3B | $6.8B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $3.1B | ||
| Q1 24 | $1.3B | $3.0B |
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.22× | ||
| Q2 24 | — | — | ||
| 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 | $-802.7M |
| Free Cash FlowOCF − Capex | $6.2M | $-1.2B |
| FCF MarginFCF / Revenue | 5.9% | -598.0% |
| Capex IntensityCapex / Revenue | 7.5% | 201.2% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-802.7M | ||
| Q3 25 | $24.7M | $-199.0M | ||
| Q2 25 | $8.1M | $-163.4M | ||
| Q1 25 | $13.8M | $-215.5M | ||
| Q4 24 | $9.3M | $-677.0M | ||
| Q3 24 | $20.9M | $-160.1M | ||
| Q2 24 | $2.2M | $-115.2M | ||
| Q1 24 | $19.7M | $-88.3M |
| Q4 25 | $6.2M | $-1.2B | ||
| Q3 25 | $18.0M | $-283.9M | ||
| Q2 25 | $5.2M | $-282.4M | ||
| Q1 25 | $10.6M | $-254.3M | ||
| Q4 24 | $4.9M | $-927.8M | ||
| Q3 24 | $16.2M | $-198.1M | ||
| Q2 24 | $-1.4M | $-132.4M | ||
| Q1 24 | $16.2M | $-97.4M |
| Q4 25 | 5.9% | -598.0% | ||
| Q3 25 | 17.5% | -112.5% | ||
| Q2 25 | 5.1% | -118.4% | ||
| Q1 25 | 9.9% | -118.9% | ||
| Q4 24 | 5.0% | -432.8% | ||
| Q3 24 | 16.1% | -150.5% | ||
| Q2 24 | -1.4% | -91.2% | ||
| Q1 24 | 15.6% | -59.0% |
| Q4 25 | 7.5% | 201.2% | ||
| Q3 25 | 6.5% | 33.6% | ||
| Q2 25 | 2.8% | 49.9% | ||
| Q1 25 | 3.0% | 18.2% | ||
| Q4 24 | 4.5% | 117.0% | ||
| Q3 24 | 4.6% | 28.9% | ||
| Q2 24 | 3.5% | 11.9% | ||
| Q1 24 | 3.4% | 5.5% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | -1.62× | ||
| Q2 25 | 0.69× | -0.20× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | -1.28× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | -0.26× |
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% |
MARA
Segment breakdown not available.
