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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). Merchants Bancorp runs the higher net margin — 38.6% vs 11.6%, a 27.0% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% 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.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
CSV vs MBIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $175.2M |
| Net Profit | $12.3M | $67.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | — |
| Net Margin | 11.6% | 38.6% |
| Revenue YoY | 8.0% | — |
| Net Profit YoY | 24.5% | 16.3% |
| EPS (diluted) | $0.76 | $1.25 |
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.
| Q1 26 | — | $175.2M | ||
| Q4 25 | $105.5M | $185.3M | ||
| Q3 25 | $102.7M | $171.1M | ||
| Q2 25 | $102.1M | $179.2M | ||
| Q1 25 | $107.1M | $145.9M | ||
| Q4 24 | $97.7M | $193.8M | ||
| Q3 24 | $100.7M | $149.6M | ||
| Q2 24 | $102.3M | $159.5M |
| Q1 26 | — | $67.7M | ||
| Q4 25 | $12.3M | — | ||
| Q3 25 | $6.6M | $54.7M | ||
| Q2 25 | $11.7M | $38.0M | ||
| Q1 25 | $20.9M | $58.2M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.9M | $61.3M | ||
| Q2 24 | $6.3M | $76.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 23.3% | 39.9% | ||
| Q3 25 | 17.0% | 37.8% | ||
| Q2 25 | 23.5% | 27.3% | ||
| Q1 25 | 29.5% | 52.4% | ||
| Q4 24 | 21.6% | 66.0% | ||
| Q3 24 | 22.7% | 54.4% | ||
| Q2 24 | 18.0% | 62.2% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.4% | 32.0% | ||
| Q2 25 | 11.5% | 21.2% | ||
| Q1 25 | 19.5% | 39.9% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 9.8% | 41.0% | ||
| Q2 24 | 6.1% | 47.9% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.76 | $1.28 | ||
| Q3 25 | $0.41 | $0.97 | ||
| Q2 25 | $0.74 | $0.60 | ||
| Q1 25 | $1.34 | $0.93 | ||
| Q4 24 | $0.62 | $1.84 | ||
| Q3 24 | $0.63 | $1.17 | ||
| Q2 24 | $0.40 | $1.49 |
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 | $83.2M |
| Total DebtLower is stronger | — | $32.0M |
| Stockholders' EquityBook value | $254.8M | $2.3B |
| Total Assets | $1.3B | $20.3B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $83.2M | ||
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.5M | — |
| Q1 26 | — | $32.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $254.8M | $2.3B | ||
| Q3 25 | $242.1M | $2.2B | ||
| Q2 25 | $235.4M | $2.2B | ||
| Q1 25 | $223.1M | $2.2B | ||
| Q4 24 | $208.6M | $2.2B | ||
| Q3 24 | $198.1M | $1.9B | ||
| Q2 24 | $187.9M | $1.9B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $1.3B | $19.4B | ||
| Q3 25 | $1.3B | $19.4B | ||
| Q2 25 | $1.3B | $19.1B | ||
| Q1 25 | $1.3B | $18.8B | ||
| Q4 24 | $1.3B | $18.8B | ||
| Q3 24 | $1.3B | $18.7B | ||
| Q2 24 | $1.3B | $18.2B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $-341.2M | ||
| Q3 25 | $24.7M | $29.8M | ||
| Q2 25 | $8.1M | $-121.2M | ||
| Q1 25 | $13.8M | $148.0M | ||
| Q4 24 | $9.3M | $-835.3M | ||
| Q3 24 | $20.9M | $-492.6M | ||
| Q2 24 | $2.2M | $51.1M |
| Q1 26 | — | — | ||
| Q4 25 | $6.2M | $-362.2M | ||
| Q3 25 | $18.0M | $24.0M | ||
| Q2 25 | $5.2M | $-125.7M | ||
| Q1 25 | $10.6M | $141.2M | ||
| Q4 24 | $4.9M | $-853.7M | ||
| Q3 24 | $16.2M | $-497.2M | ||
| Q2 24 | $-1.4M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | -195.5% | ||
| Q3 25 | 17.5% | 14.0% | ||
| Q2 25 | 5.1% | -70.1% | ||
| Q1 25 | 9.9% | 96.8% | ||
| Q4 24 | 5.0% | -440.6% | ||
| Q3 24 | 16.1% | -332.4% | ||
| Q2 24 | -1.4% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 11.3% | ||
| Q3 25 | 6.5% | 3.4% | ||
| Q2 25 | 2.8% | 2.5% | ||
| Q1 25 | 3.0% | 4.7% | ||
| Q4 24 | 4.5% | 9.5% | ||
| Q3 24 | 4.6% | 3.0% | ||
| Q2 24 | 3.5% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 0.54× | ||
| Q2 25 | 0.69× | -3.19× | ||
| Q1 25 | 0.66× | 2.54× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | -8.04× | ||
| Q2 24 | 0.34× | 0.67× |
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% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
