vs
Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $55.5M, roughly 1.9× MFA FINANCIAL, INC.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 8.0%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% 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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
CSV vs MFA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $55.5M |
| Net Profit | $12.3M | — |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 97.9% |
| Net Margin | 11.6% | — |
| Revenue YoY | 8.0% | 9.2% |
| Net Profit YoY | 24.5% | — |
| EPS (diluted) | $0.76 | $0.43 |
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 | $55.5M | ||
| Q3 25 | $102.7M | $56.8M | ||
| Q2 25 | $102.1M | $61.3M | ||
| Q1 25 | $107.1M | $57.5M | ||
| Q4 24 | $97.7M | $50.8M | ||
| Q3 24 | $100.7M | $50.6M | ||
| Q2 24 | $102.3M | $53.5M | ||
| Q1 24 | $103.5M | $47.8M |
| Q4 25 | $12.3M | — | ||
| Q3 25 | $6.6M | $48.1M | ||
| Q2 25 | $11.7M | $33.2M | ||
| Q1 25 | $20.9M | $41.2M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.9M | $48.2M | ||
| Q2 24 | $6.3M | $41.9M | ||
| Q1 24 | $7.0M | $23.2M |
| 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 24 | 36.0% | — |
| Q4 25 | 23.3% | 97.9% | ||
| Q3 25 | 17.0% | 84.5% | ||
| Q2 25 | 23.5% | 54.5% | ||
| Q1 25 | 29.5% | 70.0% | ||
| Q4 24 | 21.6% | 6.8% | ||
| Q3 24 | 22.7% | 98.2% | ||
| Q2 24 | 18.0% | 79.1% | ||
| Q1 24 | 18.8% | 50.7% |
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.4% | 84.7% | ||
| Q2 25 | 11.5% | 54.2% | ||
| Q1 25 | 19.5% | 71.6% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 9.8% | 95.2% | ||
| Q2 24 | 6.1% | 78.4% | ||
| Q1 24 | 6.7% | 48.5% |
| Q4 25 | $0.76 | $0.43 | ||
| Q3 25 | $0.41 | $0.35 | ||
| Q2 25 | $0.74 | $0.21 | ||
| Q1 25 | $1.34 | $0.31 | ||
| Q4 24 | $0.62 | $-0.01 | ||
| Q3 24 | $0.63 | $0.37 | ||
| Q2 24 | $0.40 | $0.32 | ||
| Q1 24 | $0.45 | $0.14 |
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 | $213.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $1.8B |
| Total Assets | $1.3B | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $213.2M | ||
| Q3 25 | $1.2M | $305.2M | ||
| Q2 25 | $1.4M | $275.7M | ||
| Q1 25 | $4.6M | $253.7M | ||
| Q4 24 | $1.2M | $338.9M | ||
| Q3 24 | $1.3M | $305.6M | ||
| Q2 24 | $1.5M | $289.4M | ||
| Q1 24 | $1.7M | $306.3M |
| Q4 25 | $254.8M | $1.8B | ||
| Q3 25 | $242.1M | $1.8B | ||
| Q2 25 | $235.4M | $1.8B | ||
| Q1 25 | $223.1M | $1.8B | ||
| Q4 24 | $208.6M | $1.8B | ||
| Q3 24 | $198.1M | $1.9B | ||
| Q2 24 | $187.9M | $1.9B | ||
| Q1 24 | $179.6M | $1.9B |
| Q4 25 | $1.3B | $13.0B | ||
| Q3 25 | $1.3B | $12.1B | ||
| Q2 25 | $1.3B | $11.7B | ||
| Q1 25 | $1.3B | $11.5B | ||
| Q4 24 | $1.3B | $11.4B | ||
| Q3 24 | $1.3B | $11.2B | ||
| Q2 24 | $1.3B | $11.1B | ||
| Q1 24 | $1.3B | $10.9B |
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 | $76.2M |
| 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.
| Q4 25 | $14.1M | $76.2M | ||
| Q3 25 | $24.7M | $14.7M | ||
| Q2 25 | $8.1M | $38.5M | ||
| Q1 25 | $13.8M | $-14.6M | ||
| Q4 24 | $9.3M | $200.1M | ||
| Q3 24 | $20.9M | $-11.3M | ||
| Q2 24 | $2.2M | $46.5M | ||
| Q1 24 | $19.7M | $53.5M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | 0.31× | ||
| Q2 25 | 0.69× | 1.16× | ||
| Q1 25 | 0.66× | -0.35× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | -0.23× | ||
| Q2 24 | 0.34× | 1.11× | ||
| Q1 24 | 2.83× | 2.30× |
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% |
MFA
Segment breakdown not available.
