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

MANNKIND CORP is the larger business by last-quarter revenue ($112.0M vs $105.5M, roughly 1.1× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -14.2%, a 25.9% gap on every dollar of revenue. On growth, MANNKIND CORP posted the faster year-over-year revenue change (45.8% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-10.0M). Over the past eight quarters, MANNKIND CORP's revenue compounded faster (30.0% 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.

MannKind Corporation is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and pulmonary arterial hypertension. Based in Danbury, Connecticut, the company was founded in February 1991.

CSV vs MNKD — Head-to-Head

Bigger by revenue
MNKD
MNKD
1.1× larger
MNKD
$112.0M
$105.5M
CSV
Growing faster (revenue YoY)
MNKD
MNKD
+37.9% gap
MNKD
45.8%
8.0%
CSV
Higher net margin
CSV
CSV
25.9% more per $
CSV
11.6%
-14.2%
MNKD
More free cash flow
CSV
CSV
$16.2M more FCF
CSV
$6.2M
$-10.0M
MNKD
Faster 2-yr revenue CAGR
MNKD
MNKD
Annualised
MNKD
30.0%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
MNKD
MNKD
Revenue
$105.5M
$112.0M
Net Profit
$12.3M
$-15.9M
Gross Margin
34.8%
87.6%
Operating Margin
23.3%
-6.9%
Net Margin
11.6%
-14.2%
Revenue YoY
8.0%
45.8%
Net Profit YoY
24.5%
-314.9%
EPS (diluted)
$0.76
$-0.05

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
MNKD
MNKD
Q4 25
$105.5M
$112.0M
Q3 25
$102.7M
$82.1M
Q2 25
$102.1M
$76.5M
Q1 25
$107.1M
$78.4M
Q4 24
$97.7M
$76.8M
Q3 24
$100.7M
$70.1M
Q2 24
$102.3M
$72.4M
Q1 24
$103.5M
$66.3M
Net Profit
CSV
CSV
MNKD
MNKD
Q4 25
$12.3M
$-15.9M
Q3 25
$6.6M
$8.0M
Q2 25
$11.7M
$668.0K
Q1 25
$20.9M
$13.2M
Q4 24
$9.9M
$7.4M
Q3 24
$9.9M
$11.6M
Q2 24
$6.3M
$-2.0M
Q1 24
$7.0M
$10.6M
Gross Margin
CSV
CSV
MNKD
MNKD
Q4 25
34.8%
87.6%
Q3 25
35.3%
94.5%
Q2 25
35.2%
94.0%
Q1 25
35.3%
95.2%
Q4 24
34.4%
93.7%
Q3 24
35.2%
95.4%
Q2 24
36.2%
92.3%
Q1 24
36.0%
94.2%
Operating Margin
CSV
CSV
MNKD
MNKD
Q4 25
23.3%
-6.9%
Q3 25
17.0%
23.0%
Q2 25
23.5%
6.9%
Q1 25
29.5%
28.5%
Q4 24
21.6%
34.5%
Q3 24
22.7%
18.2%
Q2 24
18.0%
22.9%
Q1 24
18.8%
25.2%
Net Margin
CSV
CSV
MNKD
MNKD
Q4 25
11.6%
-14.2%
Q3 25
6.4%
9.7%
Q2 25
11.5%
0.9%
Q1 25
19.5%
16.8%
Q4 24
10.1%
9.7%
Q3 24
9.8%
16.5%
Q2 24
6.1%
-2.8%
Q1 24
6.7%
16.0%
EPS (diluted)
CSV
CSV
MNKD
MNKD
Q4 25
$0.76
$-0.05
Q3 25
$0.41
$0.03
Q2 25
$0.74
$0.00
Q1 25
$1.34
$0.04
Q4 24
$0.62
$0.03
Q3 24
$0.63
$0.04
Q2 24
$0.40
$-0.01
Q1 24
$0.45
$0.04

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
MNKD
MNKD
Cash + ST InvestmentsLiquidity on hand
$1.7M
$171.3M
Total DebtLower is stronger
$354.6M
Stockholders' EquityBook value
$254.8M
$-51.0M
Total Assets
$1.3B
$792.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
MNKD
MNKD
Q4 25
$1.7M
$171.3M
Q3 25
$1.2M
$260.0M
Q2 25
$1.4M
$179.0M
Q1 25
$4.6M
$181.5M
Q4 24
$1.2M
$197.3M
Q3 24
$1.3M
$251.6M
Q2 24
$1.5M
$247.8M
Q1 24
$1.7M
$300.7M
Total Debt
CSV
CSV
MNKD
MNKD
Q4 25
$354.6M
Q3 25
$109.7M
Q2 25
$36.2M
Q1 25
$36.1M
Q4 24
$36.1M
Q3 24
$227.9M
Q2 24
$227.6M
Q1 24
$264.1M
Stockholders' Equity
CSV
CSV
MNKD
MNKD
Q4 25
$254.8M
$-51.0M
Q3 25
$242.1M
$-44.6M
Q2 25
$235.4M
$-55.0M
Q1 25
$223.1M
$-58.6M
Q4 24
$208.6M
$-78.8M
Q3 24
$198.1M
$-209.9M
Q2 24
$187.9M
$-225.8M
Q1 24
$179.6M
$-230.0M
Total Assets
CSV
CSV
MNKD
MNKD
Q4 25
$1.3B
$792.2M
Q3 25
$1.3B
$494.6M
Q2 25
$1.3B
$411.7M
Q1 25
$1.3B
$410.1M
Q4 24
$1.3B
$393.8M
Q3 24
$1.3B
$464.2M
Q2 24
$1.3B
$443.8M
Q1 24
$1.3B
$480.9M

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
MNKD
MNKD
Operating Cash FlowLast quarter
$14.1M
$-8.0M
Free Cash FlowOCF − Capex
$6.2M
$-10.0M
FCF MarginFCF / Revenue
5.9%
-8.9%
Capex IntensityCapex / Revenue
7.5%
1.8%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
MNKD
MNKD
Q4 25
$14.1M
$-8.0M
Q3 25
$24.7M
$23.6M
Q2 25
$8.1M
$8.9M
Q1 25
$13.8M
$-6.4M
Q4 24
$9.3M
$22.6M
Q3 24
$20.9M
$9.3M
Q2 24
$2.2M
$3.8M
Q1 24
$19.7M
$6.7M
Free Cash Flow
CSV
CSV
MNKD
MNKD
Q4 25
$6.2M
$-10.0M
Q3 25
$18.0M
$22.5M
Q2 25
$5.2M
$7.8M
Q1 25
$10.6M
$-6.7M
Q4 24
$4.9M
$19.7M
Q3 24
$16.2M
$7.9M
Q2 24
$-1.4M
$861.0K
Q1 24
$16.2M
$4.3M
FCF Margin
CSV
CSV
MNKD
MNKD
Q4 25
5.9%
-8.9%
Q3 25
17.5%
27.4%
Q2 25
5.1%
10.2%
Q1 25
9.9%
-8.6%
Q4 24
5.0%
25.7%
Q3 24
16.1%
11.3%
Q2 24
-1.4%
1.2%
Q1 24
15.6%
6.5%
Capex Intensity
CSV
CSV
MNKD
MNKD
Q4 25
7.5%
1.8%
Q3 25
6.5%
1.4%
Q2 25
2.8%
1.5%
Q1 25
3.0%
0.4%
Q4 24
4.5%
3.8%
Q3 24
4.6%
2.0%
Q2 24
3.5%
4.1%
Q1 24
3.4%
3.6%
Cash Conversion
CSV
CSV
MNKD
MNKD
Q4 25
1.15×
Q3 25
3.76×
2.96×
Q2 25
0.69×
13.40×
Q1 25
0.66×
-0.48×
Q4 24
0.94×
3.05×
Q3 24
2.11×
0.81×
Q2 24
0.34×
Q1 24
2.83×
0.63×

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%

MNKD
MNKD

Products$50.4M45%
Royalty$33.6M30%
Afrezza$22.9M20%
V Go$4.3M4%

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