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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $105.5M, roughly 1.3× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -3.2%, a 14.9% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 8.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -8.8%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
CSV vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $134.3M |
| Net Profit | $12.3M | $-4.4M |
| Gross Margin | 34.8% | 6.8% |
| Operating Margin | 23.3% | -4.1% |
| Net Margin | 11.6% | -3.2% |
| Revenue YoY | 8.0% | 10.7% |
| Net Profit YoY | 24.5% | -127.3% |
| EPS (diluted) | $0.76 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $102.7M | $144.3M | ||
| Q2 25 | $102.1M | $132.3M | ||
| Q1 25 | $107.1M | $135.6M | ||
| Q4 24 | $97.7M | $121.3M | ||
| Q3 24 | $100.7M | $135.4M | ||
| Q2 24 | $102.3M | $163.6M | ||
| Q1 24 | $103.5M | $161.3M |
| Q4 25 | $12.3M | $-4.4M | ||
| Q3 25 | $6.6M | $-2.7M | ||
| Q2 25 | $11.7M | $-1.1M | ||
| Q1 25 | $20.9M | $20.0K | ||
| Q4 24 | $9.9M | $16.0M | ||
| Q3 24 | $9.9M | $3.0M | ||
| Q2 24 | $6.3M | $3.8M | ||
| Q1 24 | $7.0M | $3.2M |
| Q4 25 | 34.8% | 6.8% | ||
| Q3 25 | 35.3% | 11.0% | ||
| Q2 25 | 35.2% | 10.3% | ||
| Q1 25 | 35.3% | 11.3% | ||
| Q4 24 | 34.4% | 8.9% | ||
| Q3 24 | 35.2% | 12.6% | ||
| Q2 24 | 36.2% | 13.6% | ||
| Q1 24 | 36.0% | 13.0% |
| Q4 25 | 23.3% | -4.1% | ||
| Q3 25 | 17.0% | 0.0% | ||
| Q2 25 | 23.5% | 0.1% | ||
| Q1 25 | 29.5% | 1.2% | ||
| Q4 24 | 21.6% | 19.0% | ||
| Q3 24 | 22.7% | 4.2% | ||
| Q2 24 | 18.0% | 5.0% | ||
| Q1 24 | 18.8% | 4.7% |
| Q4 25 | 11.6% | -3.2% | ||
| Q3 25 | 6.4% | -1.9% | ||
| Q2 25 | 11.5% | -0.8% | ||
| Q1 25 | 19.5% | 0.0% | ||
| Q4 24 | 10.1% | 13.2% | ||
| Q3 24 | 9.8% | 2.2% | ||
| Q2 24 | 6.1% | 2.3% | ||
| Q1 24 | 6.7% | 2.0% |
| Q4 25 | $0.76 | $-0.22 | ||
| Q3 25 | $0.41 | $-0.13 | ||
| Q2 25 | $0.74 | $-0.05 | ||
| Q1 25 | $1.34 | $0.00 | ||
| Q4 24 | $0.62 | $0.76 | ||
| Q3 24 | $0.63 | $0.14 | ||
| Q2 24 | $0.40 | $0.18 | ||
| Q1 24 | $0.45 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $240.7M |
| Total Assets | $1.3B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $1.5M | ||
| Q3 25 | $1.2M | $1.2M | ||
| Q2 25 | $1.4M | $206.0K | ||
| Q1 25 | $4.6M | $183.0K | ||
| Q4 24 | $1.2M | $206.0K | ||
| Q3 24 | $1.3M | $178.0K | ||
| Q2 24 | $1.5M | $314.0K | ||
| Q1 24 | $1.7M | $314.0K |
| Q4 25 | $254.8M | $240.7M | ||
| Q3 25 | $242.1M | $244.8M | ||
| Q2 25 | $235.4M | $246.8M | ||
| Q1 25 | $223.1M | $250.0M | ||
| Q4 24 | $208.6M | $251.8M | ||
| Q3 24 | $198.1M | $238.4M | ||
| Q2 24 | $187.9M | $238.1M | ||
| Q1 24 | $179.6M | $234.0M |
| Q4 25 | $1.3B | $563.6M | ||
| Q3 25 | $1.3B | $585.6M | ||
| Q2 25 | $1.3B | $433.7M | ||
| Q1 25 | $1.3B | $447.7M | ||
| Q4 24 | $1.3B | $445.6M | ||
| Q3 24 | $1.3B | $466.0M | ||
| Q2 24 | $1.3B | $488.2M | ||
| Q1 24 | $1.3B | $499.9M |
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 | $13.4M |
| Free Cash FlowOCF − Capex | $6.2M | $10.2M |
| FCF MarginFCF / Revenue | 5.9% | 7.6% |
| Capex IntensityCapex / Revenue | 7.5% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $13.4M | ||
| Q3 25 | $24.7M | $1.9M | ||
| Q2 25 | $8.1M | $15.0M | ||
| Q1 25 | $13.8M | $8.3M | ||
| Q4 24 | $9.3M | $38.0M | ||
| Q3 24 | $20.9M | $17.9M | ||
| Q2 24 | $2.2M | $23.3M | ||
| Q1 24 | $19.7M | $10.6M |
| Q4 25 | $6.2M | $10.2M | ||
| Q3 25 | $18.0M | $-1.1M | ||
| Q2 25 | $5.2M | $12.5M | ||
| Q1 25 | $10.6M | $5.4M | ||
| Q4 24 | $4.9M | $35.6M | ||
| Q3 24 | $16.2M | $15.1M | ||
| Q2 24 | $-1.4M | $19.2M | ||
| Q1 24 | $16.2M | $7.8M |
| Q4 25 | 5.9% | 7.6% | ||
| Q3 25 | 17.5% | -0.8% | ||
| Q2 25 | 5.1% | 9.5% | ||
| Q1 25 | 9.9% | 4.0% | ||
| Q4 24 | 5.0% | 29.4% | ||
| Q3 24 | 16.1% | 11.1% | ||
| Q2 24 | -1.4% | 11.7% | ||
| Q1 24 | 15.6% | 4.9% |
| Q4 25 | 7.5% | 2.4% | ||
| Q3 25 | 6.5% | 2.1% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 3.0% | 2.2% | ||
| Q4 24 | 4.5% | 1.9% | ||
| Q3 24 | 4.6% | 2.1% | ||
| Q2 24 | 3.5% | 2.5% | ||
| Q1 24 | 3.4% | 1.7% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | 416.65× | ||
| Q4 24 | 0.94× | 2.38× | ||
| Q3 24 | 2.11× | 6.03× | ||
| Q2 24 | 0.34× | 6.15× | ||
| Q1 24 | 2.83× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
