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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $104.0M, roughly 1.0× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 11.6%, a 27.1% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 8.0%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $6.2M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% 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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
CSV vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $104.0M |
| Net Profit | $12.3M | $40.3M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 48.3% |
| Net Margin | 11.6% | 38.8% |
| Revenue YoY | 8.0% | 12.5% |
| Net Profit YoY | 24.5% | 16.9% |
| EPS (diluted) | $0.76 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $102.7M | $102.9M | ||
| Q2 25 | $102.1M | $95.7M | ||
| Q1 25 | $107.1M | $89.4M | ||
| Q4 24 | $97.7M | $92.4M | ||
| Q3 24 | $100.7M | $90.7M | ||
| Q2 24 | $102.3M | $85.0M | ||
| Q1 24 | $103.5M | $82.2M |
| Q4 25 | $12.3M | $40.3M | ||
| Q3 25 | $6.6M | $41.7M | ||
| Q2 25 | $11.7M | $36.0M | ||
| Q1 25 | $20.9M | $32.6M | ||
| Q4 24 | $9.9M | $34.5M | ||
| Q3 24 | $9.9M | $32.5M | ||
| Q2 24 | $6.3M | $29.3M | ||
| Q1 24 | $7.0M | $27.8M |
| 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% | 48.3% | ||
| Q3 25 | 17.0% | 50.4% | ||
| Q2 25 | 23.5% | 46.8% | ||
| Q1 25 | 29.5% | 44.9% | ||
| Q4 24 | 21.6% | 46.8% | ||
| Q3 24 | 22.7% | 45.0% | ||
| Q2 24 | 18.0% | 43.3% | ||
| Q1 24 | 18.8% | 41.8% |
| Q4 25 | 11.6% | 38.8% | ||
| Q3 25 | 6.4% | 40.6% | ||
| Q2 25 | 11.5% | 37.6% | ||
| Q1 25 | 19.5% | 36.4% | ||
| Q4 24 | 10.1% | 37.3% | ||
| Q3 24 | 9.8% | 35.8% | ||
| Q2 24 | 6.1% | 34.5% | ||
| Q1 24 | 6.7% | 33.8% |
| Q4 25 | $0.76 | $2.63 | ||
| Q3 25 | $0.41 | $2.73 | ||
| Q2 25 | $0.74 | $2.34 | ||
| Q1 25 | $1.34 | $2.08 | ||
| Q4 24 | $0.62 | $2.21 | ||
| Q3 24 | $0.63 | $2.10 | ||
| Q2 24 | $0.40 | $1.92 | ||
| Q1 24 | $0.45 | $1.82 |
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 | — |
| Total DebtLower is stronger | — | $134.9M |
| Stockholders' EquityBook value | $254.8M | $1.3B |
| Total Assets | $1.3B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | — | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $254.8M | $1.3B | ||
| Q3 25 | $242.1M | $1.2B | ||
| Q2 25 | $235.4M | $1.2B | ||
| Q1 25 | $223.1M | $1.2B | ||
| Q4 24 | $208.6M | $1.2B | ||
| Q3 24 | $198.1M | $1.1B | ||
| Q2 24 | $187.9M | $1.1B | ||
| Q1 24 | $179.6M | $1.1B |
| Q4 25 | $1.3B | $9.2B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.3B | $8.9B | ||
| Q1 25 | $1.3B | $9.0B | ||
| Q4 24 | $1.3B | $8.8B | ||
| Q3 24 | $1.3B | $8.6B | ||
| Q2 24 | $1.3B | $8.6B | ||
| Q1 24 | $1.3B | $8.4B |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | $6.2M | $149.4M |
| FCF MarginFCF / Revenue | 5.9% | 143.7% |
| Capex IntensityCapex / Revenue | 7.5% | 3.9% |
| Cash ConversionOCF / Net Profit | 1.15× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $153.5M | ||
| Q3 25 | $24.7M | $45.9M | ||
| Q2 25 | $8.1M | $38.9M | ||
| Q1 25 | $13.8M | $41.8M | ||
| Q4 24 | $9.3M | $133.7M | ||
| Q3 24 | $20.9M | $39.6M | ||
| Q2 24 | $2.2M | $37.3M | ||
| Q1 24 | $19.7M | $23.4M |
| Q4 25 | $6.2M | $149.4M | ||
| Q3 25 | $18.0M | $45.9M | ||
| Q2 25 | $5.2M | $38.4M | ||
| Q1 25 | $10.6M | $41.3M | ||
| Q4 24 | $4.9M | $116.8M | ||
| Q3 24 | $16.2M | $34.7M | ||
| Q2 24 | $-1.4M | $34.4M | ||
| Q1 24 | $16.2M | $20.1M |
| Q4 25 | 5.9% | 143.7% | ||
| Q3 25 | 17.5% | 44.6% | ||
| Q2 25 | 5.1% | 40.1% | ||
| Q1 25 | 9.9% | 46.2% | ||
| Q4 24 | 5.0% | 126.4% | ||
| Q3 24 | 16.1% | 38.3% | ||
| Q2 24 | -1.4% | 40.5% | ||
| Q1 24 | 15.6% | 24.4% |
| Q4 25 | 7.5% | 3.9% | ||
| Q3 25 | 6.5% | 0.0% | ||
| Q2 25 | 2.8% | 0.6% | ||
| Q1 25 | 3.0% | 0.5% | ||
| Q4 24 | 4.5% | 18.3% | ||
| Q3 24 | 4.6% | 5.4% | ||
| Q2 24 | 3.5% | 3.5% | ||
| Q1 24 | 3.4% | 4.0% |
| Q4 25 | 1.15× | 3.81× | ||
| Q3 25 | 3.76× | 1.10× | ||
| Q2 25 | 0.69× | 1.08× | ||
| Q1 25 | 0.66× | 1.28× | ||
| Q4 24 | 0.94× | 3.88× | ||
| Q3 24 | 2.11× | 1.22× | ||
| Q2 24 | 0.34× | 1.28× | ||
| Q1 24 | 2.83× | 0.84× |
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% |
NIC
Segment breakdown not available.
