vs

Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and MILLER INDUSTRIES INC (MLR). Click either name above to swap in a different company.

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $105.5M, roughly 1.6× CARRIAGE SERVICES INC). On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -29.9%).

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

CSV vs MLR — Head-to-Head

Bigger by revenue
MLR
MLR
1.6× larger
MLR
$171.9M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+30.5% gap
CSV
8.0%
-22.5%
MLR
More free cash flow
MLR
MLR
$37.5M more FCF
MLR
$43.8M
$6.2M
CSV
Faster 2-yr revenue CAGR
CSV
CSV
Annualised
CSV
1.0%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
MLR
MLR
Revenue
$105.5M
$171.9M
Net Profit
$12.3M
Gross Margin
34.8%
15.4%
Operating Margin
23.3%
2.9%
Net Margin
11.6%
Revenue YoY
8.0%
-22.5%
Net Profit YoY
24.5%
EPS (diluted)
$0.76
$0.29

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.

Revenue
CSV
CSV
MLR
MLR
Q4 25
$105.5M
$171.9M
Q3 25
$102.7M
$178.7M
Q2 25
$102.1M
$214.0M
Q1 25
$107.1M
$225.7M
Q4 24
$97.7M
$221.9M
Q3 24
$100.7M
$314.3M
Q2 24
$102.3M
$371.5M
Q1 24
$103.5M
$349.9M
Net Profit
CSV
CSV
MLR
MLR
Q4 25
$12.3M
Q3 25
$6.6M
$3.1M
Q2 25
$11.7M
$8.5M
Q1 25
$20.9M
$8.1M
Q4 24
$9.9M
Q3 24
$9.9M
$15.4M
Q2 24
$6.3M
$20.5M
Q1 24
$7.0M
$17.0M
Gross Margin
CSV
CSV
MLR
MLR
Q4 25
34.8%
15.4%
Q3 25
35.3%
14.2%
Q2 25
35.2%
16.2%
Q1 25
35.3%
15.0%
Q4 24
34.4%
15.1%
Q3 24
35.2%
13.4%
Q2 24
36.2%
13.8%
Q1 24
36.0%
12.6%
Operating Margin
CSV
CSV
MLR
MLR
Q4 25
23.3%
2.9%
Q3 25
17.0%
2.4%
Q2 25
23.5%
5.3%
Q1 25
29.5%
4.8%
Q4 24
21.6%
5.7%
Q3 24
22.7%
6.3%
Q2 24
18.0%
7.1%
Q1 24
18.8%
6.1%
Net Margin
CSV
CSV
MLR
MLR
Q4 25
11.6%
Q3 25
6.4%
1.7%
Q2 25
11.5%
4.0%
Q1 25
19.5%
3.6%
Q4 24
10.1%
Q3 24
9.8%
4.9%
Q2 24
6.1%
5.5%
Q1 24
6.7%
4.9%
EPS (diluted)
CSV
CSV
MLR
MLR
Q4 25
$0.76
$0.29
Q3 25
$0.41
$0.27
Q2 25
$0.74
$0.73
Q1 25
$1.34
$0.69
Q4 24
$0.62
$0.89
Q3 24
$0.63
$1.33
Q2 24
$0.40
$1.78
Q1 24
$0.45
$1.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSV
CSV
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$420.6M
Total Assets
$1.3B
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
MLR
MLR
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 24
$1.7M
Stockholders' Equity
CSV
CSV
MLR
MLR
Q4 25
$254.8M
$420.6M
Q3 25
$242.1M
$420.7M
Q2 25
$235.4M
$418.6M
Q1 25
$223.1M
$406.5M
Q4 24
$208.6M
$401.0M
Q3 24
$198.1M
$395.2M
Q2 24
$187.9M
$379.9M
Q1 24
$179.6M
$362.4M
Total Assets
CSV
CSV
MLR
MLR
Q4 25
$1.3B
$589.7M
Q3 25
$1.3B
$604.3M
Q2 25
$1.3B
$622.9M
Q1 25
$1.3B
$639.7M
Q4 24
$1.3B
$667.0M
Q3 24
$1.3B
$755.3M
Q2 24
$1.3B
$748.2M
Q1 24
$1.3B
$696.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSV
CSV
MLR
MLR
Operating Cash FlowLast quarter
$14.1M
$48.9M
Free Cash FlowOCF − Capex
$6.2M
$43.8M
FCF MarginFCF / Revenue
5.9%
25.5%
Capex IntensityCapex / Revenue
7.5%
3.0%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
MLR
MLR
Q4 25
$14.1M
$48.9M
Q3 25
$24.7M
$19.9M
Q2 25
$8.1M
$27.2M
Q1 25
$13.8M
$2.7M
Q4 24
$9.3M
$-11.7M
Q3 24
$20.9M
$30.3M
Q2 24
$2.2M
$-10.7M
Q1 24
$19.7M
$9.0M
Free Cash Flow
CSV
CSV
MLR
MLR
Q4 25
$6.2M
$43.8M
Q3 25
$18.0M
$18.1M
Q2 25
$5.2M
$25.6M
Q1 25
$10.6M
$-2.4M
Q4 24
$4.9M
$-13.0M
Q3 24
$16.2M
$24.0M
Q2 24
$-1.4M
$-13.8M
Q1 24
$16.2M
$4.3M
FCF Margin
CSV
CSV
MLR
MLR
Q4 25
5.9%
25.5%
Q3 25
17.5%
10.1%
Q2 25
5.1%
11.9%
Q1 25
9.9%
-1.1%
Q4 24
5.0%
-5.9%
Q3 24
16.1%
7.6%
Q2 24
-1.4%
-3.7%
Q1 24
15.6%
1.2%
Capex Intensity
CSV
CSV
MLR
MLR
Q4 25
7.5%
3.0%
Q3 25
6.5%
1.0%
Q2 25
2.8%
0.8%
Q1 25
3.0%
2.3%
Q4 24
4.5%
0.6%
Q3 24
4.6%
2.0%
Q2 24
3.5%
0.8%
Q1 24
3.4%
1.3%
Cash Conversion
CSV
CSV
MLR
MLR
Q4 25
1.15×
Q3 25
3.76×
6.46×
Q2 25
0.69×
3.22×
Q1 25
0.66×
0.34×
Q4 24
0.94×
Q3 24
2.11×
1.96×
Q2 24
0.34×
-0.52×
Q1 24
2.83×
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSV
CSV

Propertyand Merchandise$47.8M45%
Cemetery Interment Rights$24.8M23%
Merchandise$18.9M18%
Other Revenue$10.2M10%
Other$3.9M4%

MLR
MLR

Segment breakdown not available.

Related Comparisons