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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and MATRIX SERVICE CO (MTRX). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $105.5M, roughly 2.0× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -0.4%, a 12.1% gap on every dollar of revenue. On growth, MATRIX SERVICE CO posted the faster year-over-year revenue change (12.5% vs 8.0%). MATRIX SERVICE CO produced more free cash flow last quarter ($6.3M vs $6.2M). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% 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.
Matrix Telecom, Inc., operating as Matrix Business Technologies, Trinsic, Powered by Matrix, Excel Telecommunications and various other niche brands is a United States telecommunications firm that provides voice and data services to consumers and small and medium businesses as well as multi-location distributed enterprise markets. The firm also provides wholesale voice services to the telecommunications, wireless and cable industries.
CSV vs MTRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $210.5M |
| Net Profit | $12.3M | $-894.0K |
| Gross Margin | 34.8% | 6.2% |
| Operating Margin | 23.3% | -1.0% |
| Net Margin | 11.6% | -0.4% |
| Revenue YoY | 8.0% | 12.5% |
| Net Profit YoY | 24.5% | 83.8% |
| EPS (diluted) | $0.76 | $-0.03 |
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 | $210.5M | ||
| Q3 25 | $102.7M | $211.9M | ||
| Q2 25 | $102.1M | $216.4M | ||
| Q1 25 | $107.1M | $200.2M | ||
| Q4 24 | $97.7M | $187.2M | ||
| Q3 24 | $100.7M | $165.6M | ||
| Q2 24 | $102.3M | $189.5M | ||
| Q1 24 | $103.5M | $166.0M |
| Q4 25 | $12.3M | $-894.0K | ||
| Q3 25 | $6.6M | $-3.7M | ||
| Q2 25 | $11.7M | $-11.3M | ||
| Q1 25 | $20.9M | $-3.4M | ||
| Q4 24 | $9.9M | $-5.5M | ||
| Q3 24 | $9.9M | $-9.2M | ||
| Q2 24 | $6.3M | $-4.4M | ||
| Q1 24 | $7.0M | $-14.6M |
| Q4 25 | 34.8% | 6.2% | ||
| Q3 25 | 35.3% | 6.7% | ||
| Q2 25 | 35.2% | 3.8% | ||
| Q1 25 | 35.3% | 6.4% | ||
| Q4 24 | 34.4% | 5.8% | ||
| Q3 24 | 35.2% | 4.7% | ||
| Q2 24 | 36.2% | 6.6% | ||
| Q1 24 | 36.0% | 3.4% |
| Q4 25 | 23.3% | -1.0% | ||
| Q3 25 | 17.0% | -2.6% | ||
| Q2 25 | 23.5% | -6.0% | ||
| Q1 25 | 29.5% | -2.5% | ||
| Q4 24 | 21.6% | -3.4% | ||
| Q3 24 | 22.7% | -6.5% | ||
| Q2 24 | 18.0% | -2.8% | ||
| Q1 24 | 18.8% | -8.7% |
| Q4 25 | 11.6% | -0.4% | ||
| Q3 25 | 6.4% | -1.7% | ||
| Q2 25 | 11.5% | -5.2% | ||
| Q1 25 | 19.5% | -1.7% | ||
| Q4 24 | 10.1% | -3.0% | ||
| Q3 24 | 9.8% | -5.6% | ||
| Q2 24 | 6.1% | -2.3% | ||
| Q1 24 | 6.7% | -8.8% |
| Q4 25 | $0.76 | $-0.03 | ||
| Q3 25 | $0.41 | $-0.13 | ||
| Q2 25 | $0.74 | $-0.41 | ||
| Q1 25 | $1.34 | $-0.12 | ||
| Q4 24 | $0.62 | $-0.20 | ||
| Q3 24 | $0.63 | $-0.33 | ||
| Q2 24 | $0.40 | $-0.16 | ||
| Q1 24 | $0.45 | $-0.53 |
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 | $199.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $137.6M |
| Total Assets | $1.3B | $650.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $199.0M | ||
| Q3 25 | $1.2M | $192.3M | ||
| Q2 25 | $1.4M | $224.6M | ||
| Q1 25 | $4.6M | $185.5M | ||
| Q4 24 | $1.2M | $156.8M | ||
| Q3 24 | $1.3M | $124.6M | ||
| Q2 24 | $1.5M | $115.6M | ||
| Q1 24 | $1.7M | $69.7M |
| Q4 25 | $254.8M | $137.6M | ||
| Q3 25 | $242.1M | $136.3M | ||
| Q2 25 | $235.4M | $142.7M | ||
| Q1 25 | $223.1M | $150.7M | ||
| Q4 24 | $208.6M | $151.9M | ||
| Q3 24 | $198.1M | $156.5M | ||
| Q2 24 | $187.9M | $164.2M | ||
| Q1 24 | $179.6M | $165.8M |
| Q4 25 | $1.3B | $650.2M | ||
| Q3 25 | $1.3B | $598.2M | ||
| Q2 25 | $1.3B | $600.3M | ||
| Q1 25 | $1.3B | $613.7M | ||
| Q4 24 | $1.3B | $513.8M | ||
| Q3 24 | $1.3B | $470.2M | ||
| Q2 24 | $1.3B | $451.4M | ||
| Q1 24 | $1.3B | $440.0M |
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 | $7.5M |
| Free Cash FlowOCF − Capex | $6.2M | $6.3M |
| FCF MarginFCF / Revenue | 5.9% | 3.0% |
| Capex IntensityCapex / Revenue | 7.5% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $45.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $7.5M | ||
| Q3 25 | $24.7M | $-25.9M | ||
| Q2 25 | $8.1M | $40.7M | ||
| Q1 25 | $13.8M | $31.2M | ||
| Q4 24 | $9.3M | $33.6M | ||
| Q3 24 | $20.9M | $11.9M | ||
| Q2 24 | $2.2M | $47.0M | ||
| Q1 24 | $19.7M | $24.8M |
| Q4 25 | $6.2M | $6.3M | ||
| Q3 25 | $18.0M | $-27.9M | ||
| Q2 25 | $5.2M | $38.4M | ||
| Q1 25 | $10.6M | $28.7M | ||
| Q4 24 | $4.9M | $32.7M | ||
| Q3 24 | $16.2M | $10.0M | ||
| Q2 24 | $-1.4M | $45.7M | ||
| Q1 24 | $16.2M | $20.0M |
| Q4 25 | 5.9% | 3.0% | ||
| Q3 25 | 17.5% | -13.2% | ||
| Q2 25 | 5.1% | 17.8% | ||
| Q1 25 | 9.9% | 14.3% | ||
| Q4 24 | 5.0% | 17.5% | ||
| Q3 24 | 16.1% | 6.0% | ||
| Q2 24 | -1.4% | 24.1% | ||
| Q1 24 | 15.6% | 12.1% |
| Q4 25 | 7.5% | 0.6% | ||
| Q3 25 | 6.5% | 0.9% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 3.0% | 1.3% | ||
| Q4 24 | 4.5% | 0.5% | ||
| Q3 24 | 4.6% | 1.2% | ||
| Q2 24 | 3.5% | 0.7% | ||
| Q1 24 | 3.4% | 2.9% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | — |
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% |
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
