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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and NATIONAL HEALTH INVESTORS INC (NHI). Click either name above to swap in a different company.

NATIONAL HEALTH INVESTORS INC is the larger business by last-quarter revenue ($105.8M vs $105.5M, roughly 1.0× CARRIAGE SERVICES INC). NATIONAL HEALTH INVESTORS INC runs the higher net margin — 36.1% vs 11.6%, a 24.4% gap on every dollar of revenue. On growth, NATIONAL HEALTH INVESTORS INC posted the faster year-over-year revenue change (23.4% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-57.5M). Over the past eight quarters, NATIONAL HEALTH INVESTORS INC's revenue compounded faster (13.9% 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.

Oscar Health, Inc. is an American for-profit health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi and Mario Schlosser, and is headquartered in New York City. The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.

CSV vs NHI — Head-to-Head

Bigger by revenue
NHI
NHI
1.0× larger
NHI
$105.8M
$105.5M
CSV
Growing faster (revenue YoY)
NHI
NHI
+15.4% gap
NHI
23.4%
8.0%
CSV
Higher net margin
NHI
NHI
24.4% more per $
NHI
36.1%
11.6%
CSV
More free cash flow
CSV
CSV
$63.7M more FCF
CSV
$6.2M
$-57.5M
NHI
Faster 2-yr revenue CAGR
NHI
NHI
Annualised
NHI
13.9%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
NHI
NHI
Revenue
$105.5M
$105.8M
Net Profit
$12.3M
$38.2M
Gross Margin
34.8%
Operating Margin
23.3%
Net Margin
11.6%
36.1%
Revenue YoY
8.0%
23.4%
Net Profit YoY
24.5%
-11.7%
EPS (diluted)
$0.76
$0.80

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
NHI
NHI
Q4 25
$105.5M
$105.8M
Q3 25
$102.7M
$89.8M
Q2 25
$102.1M
$90.7M
Q1 25
$107.1M
$89.3M
Q4 24
$97.7M
$85.8M
Q3 24
$100.7M
$82.9M
Q2 24
$102.3M
$85.0M
Q1 24
$103.5M
$81.5M
Net Profit
CSV
CSV
NHI
NHI
Q4 25
$12.3M
$38.2M
Q3 25
$6.6M
$32.9M
Q2 25
$11.7M
$37.0M
Q1 25
$20.9M
$34.2M
Q4 24
$9.9M
$43.2M
Q3 24
$9.9M
$28.5M
Q2 24
$6.3M
$35.3M
Q1 24
$7.0M
$30.9M
Gross Margin
CSV
CSV
NHI
NHI
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%
Operating Margin
CSV
CSV
NHI
NHI
Q4 25
23.3%
Q3 25
17.0%
Q2 25
23.5%
Q1 25
29.5%
Q4 24
21.6%
Q3 24
22.7%
Q2 24
18.0%
Q1 24
18.8%
Net Margin
CSV
CSV
NHI
NHI
Q4 25
11.6%
36.1%
Q3 25
6.4%
36.6%
Q2 25
11.5%
40.8%
Q1 25
19.5%
38.3%
Q4 24
10.1%
50.4%
Q3 24
9.8%
34.4%
Q2 24
6.1%
41.5%
Q1 24
6.7%
38.0%
EPS (diluted)
CSV
CSV
NHI
NHI
Q4 25
$0.76
$0.80
Q3 25
$0.41
$0.69
Q2 25
$0.74
$0.79
Q1 25
$1.34
$0.74
Q4 24
$0.62
$0.96
Q3 24
$0.63
$0.65
Q2 24
$0.40
$0.81
Q1 24
$0.45
$0.71

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
NHI
NHI
Cash + ST InvestmentsLiquidity on hand
$1.7M
$19.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$1.5B
Total Assets
$1.3B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
NHI
NHI
Q4 25
$1.7M
$19.6M
Q3 25
$1.2M
$81.6M
Q2 25
$1.4M
$18.6M
Q1 25
$4.6M
$135.0M
Q4 24
$1.2M
$24.3M
Q3 24
$1.3M
$15.6M
Q2 24
$1.5M
$14.8M
Q1 24
$1.7M
$11.4M
Stockholders' Equity
CSV
CSV
NHI
NHI
Q4 25
$254.8M
$1.5B
Q3 25
$242.1M
$1.5B
Q2 25
$235.4M
$1.5B
Q1 25
$223.1M
$1.4B
Q4 24
$208.6M
$1.4B
Q3 24
$198.1M
$1.2B
Q2 24
$187.9M
$1.2B
Q1 24
$179.6M
$1.2B
Total Assets
CSV
CSV
NHI
NHI
Q4 25
$1.3B
$2.8B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.7B
Q1 25
$1.3B
$2.8B
Q4 24
$1.3B
$2.6B
Q3 24
$1.3B
$2.5B
Q2 24
$1.3B
$2.5B
Q1 24
$1.3B
$2.5B

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
NHI
NHI
Operating Cash FlowLast quarter
$14.1M
$236.6M
Free Cash FlowOCF − Capex
$6.2M
$-57.5M
FCF MarginFCF / Revenue
5.9%
-54.3%
Capex IntensityCapex / Revenue
7.5%
277.9%
Cash ConversionOCF / Net Profit
1.15×
6.20×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
NHI
NHI
Q4 25
$14.1M
$236.6M
Q3 25
$24.7M
$62.5M
Q2 25
$8.1M
$59.8M
Q1 25
$13.8M
$46.5M
Q4 24
$9.3M
$207.8M
Q3 24
$20.9M
$48.6M
Q2 24
$2.2M
$60.7M
Q1 24
$19.7M
$40.8M
Free Cash Flow
CSV
CSV
NHI
NHI
Q4 25
$6.2M
$-57.5M
Q3 25
$18.0M
$-88.2M
Q2 25
$5.2M
Q1 25
$10.6M
Q4 24
$4.9M
$49.8M
Q3 24
$16.2M
$1.5M
Q2 24
$-1.4M
Q1 24
$16.2M
FCF Margin
CSV
CSV
NHI
NHI
Q4 25
5.9%
-54.3%
Q3 25
17.5%
-98.2%
Q2 25
5.1%
Q1 25
9.9%
Q4 24
5.0%
58.1%
Q3 24
16.1%
1.9%
Q2 24
-1.4%
Q1 24
15.6%
Capex Intensity
CSV
CSV
NHI
NHI
Q4 25
7.5%
277.9%
Q3 25
6.5%
167.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
4.5%
184.2%
Q3 24
4.6%
56.8%
Q2 24
3.5%
Q1 24
3.4%
Cash Conversion
CSV
CSV
NHI
NHI
Q4 25
1.15×
6.20×
Q3 25
3.76×
1.90×
Q2 25
0.69×
1.62×
Q1 25
0.66×
1.36×
Q4 24
0.94×
4.80×
Q3 24
2.11×
1.70×
Q2 24
0.34×
1.72×
Q1 24
2.83×
1.32×

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%

NHI
NHI

Segment breakdown not available.

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