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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.

NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $105.5M, roughly 1.3× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 7.6%, a 4.0% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 8.0%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% 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.

CSV vs NWPX — Head-to-Head

Bigger by revenue
NWPX
NWPX
1.3× larger
NWPX
$138.3M
$105.5M
CSV
Growing faster (revenue YoY)
NWPX
NWPX
+11.1% gap
NWPX
19.1%
8.0%
CSV
Higher net margin
CSV
CSV
4.0% more per $
CSV
11.6%
7.6%
NWPX
Faster 2-yr revenue CAGR
NWPX
NWPX
Annualised
NWPX
3.3%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSV
CSV
NWPX
NWPX
Revenue
$105.5M
$138.3M
Net Profit
$12.3M
$10.5M
Gross Margin
34.8%
19.3%
Operating Margin
23.3%
9.2%
Net Margin
11.6%
7.6%
Revenue YoY
8.0%
19.1%
Net Profit YoY
24.5%
165.7%
EPS (diluted)
$0.76
$1.08

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
NWPX
NWPX
Q1 26
$138.3M
Q4 25
$105.5M
$125.6M
Q3 25
$102.7M
$151.1M
Q2 25
$102.1M
$133.2M
Q1 25
$107.1M
$116.1M
Q4 24
$97.7M
$119.6M
Q3 24
$100.7M
$130.2M
Q2 24
$102.3M
$129.5M
Net Profit
CSV
CSV
NWPX
NWPX
Q1 26
$10.5M
Q4 25
$12.3M
$8.9M
Q3 25
$6.6M
$13.5M
Q2 25
$11.7M
$9.1M
Q1 25
$20.9M
$4.0M
Q4 24
$9.9M
$10.1M
Q3 24
$9.9M
$10.3M
Q2 24
$6.3M
$8.6M
Gross Margin
CSV
CSV
NWPX
NWPX
Q1 26
19.3%
Q4 25
34.8%
21.3%
Q3 25
35.3%
21.3%
Q2 25
35.2%
19.0%
Q1 25
35.3%
16.7%
Q4 24
34.4%
18.8%
Q3 24
35.2%
20.8%
Q2 24
36.2%
19.9%
Operating Margin
CSV
CSV
NWPX
NWPX
Q1 26
9.2%
Q4 25
23.3%
10.4%
Q3 25
17.0%
12.6%
Q2 25
23.5%
9.9%
Q1 25
29.5%
4.8%
Q4 24
21.6%
8.8%
Q3 24
22.7%
11.9%
Q2 24
18.0%
10.5%
Net Margin
CSV
CSV
NWPX
NWPX
Q1 26
7.6%
Q4 25
11.6%
7.1%
Q3 25
6.4%
8.9%
Q2 25
11.5%
6.8%
Q1 25
19.5%
3.4%
Q4 24
10.1%
8.4%
Q3 24
9.8%
7.9%
Q2 24
6.1%
6.7%
EPS (diluted)
CSV
CSV
NWPX
NWPX
Q1 26
$1.08
Q4 25
$0.76
$0.88
Q3 25
$0.41
$1.38
Q2 25
$0.74
$0.91
Q1 25
$1.34
$0.39
Q4 24
$0.62
$1.00
Q3 24
$0.63
$1.02
Q2 24
$0.40
$0.86

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
NWPX
NWPX
Cash + ST InvestmentsLiquidity on hand
$1.7M
$14.3M
Total DebtLower is stronger
$10.7M
Stockholders' EquityBook value
$254.8M
$403.7M
Total Assets
$1.3B
$634.1M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
NWPX
NWPX
Q1 26
$14.3M
Q4 25
$1.7M
$2.3M
Q3 25
$1.2M
$2.7M
Q2 25
$1.4M
$2.0M
Q1 25
$4.6M
$5.3M
Q4 24
$1.2M
$5.0M
Q3 24
$1.3M
$5.7M
Q2 24
$1.5M
$4.5M
Total Debt
CSV
CSV
NWPX
NWPX
Q1 26
$10.7M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CSV
CSV
NWPX
NWPX
Q1 26
$403.7M
Q4 25
$254.8M
$394.8M
Q3 25
$242.1M
$386.4M
Q2 25
$235.4M
$379.5M
Q1 25
$223.1M
$378.5M
Q4 24
$208.6M
$374.0M
Q3 24
$198.1M
$362.4M
Q2 24
$187.9M
$351.2M
Total Assets
CSV
CSV
NWPX
NWPX
Q1 26
$634.1M
Q4 25
$1.3B
$579.6M
Q3 25
$1.3B
$605.2M
Q2 25
$1.3B
$592.6M
Q1 25
$1.3B
$582.2M
Q4 24
$1.3B
$589.7M
Q3 24
$1.3B
$617.2M
Q2 24
$1.3B
$631.7M
Debt / Equity
CSV
CSV
NWPX
NWPX
Q1 26
0.03×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
NWPX
NWPX
Operating Cash FlowLast quarter
$14.1M
$29.3M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.15×
2.78×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
NWPX
NWPX
Q1 26
$29.3M
Q4 25
$14.1M
$36.0M
Q3 25
$24.7M
$21.0M
Q2 25
$8.1M
$5.4M
Q1 25
$13.8M
$4.8M
Q4 24
$9.3M
$36.1M
Q3 24
$20.9M
$22.7M
Q2 24
$2.2M
$22.3M
Free Cash Flow
CSV
CSV
NWPX
NWPX
Q1 26
Q4 25
$6.2M
$30.8M
Q3 25
$18.0M
$13.2M
Q2 25
$5.2M
$1.9M
Q1 25
$10.6M
$1.2M
Q4 24
$4.9M
$31.9M
Q3 24
$16.2M
$16.8M
Q2 24
$-1.4M
$16.2M
FCF Margin
CSV
CSV
NWPX
NWPX
Q1 26
Q4 25
5.9%
24.5%
Q3 25
17.5%
8.7%
Q2 25
5.1%
1.4%
Q1 25
9.9%
1.0%
Q4 24
5.0%
26.7%
Q3 24
16.1%
12.9%
Q2 24
-1.4%
12.5%
Capex Intensity
CSV
CSV
NWPX
NWPX
Q1 26
Q4 25
7.5%
4.1%
Q3 25
6.5%
5.2%
Q2 25
2.8%
2.6%
Q1 25
3.0%
3.2%
Q4 24
4.5%
3.5%
Q3 24
4.6%
4.6%
Q2 24
3.5%
4.7%
Cash Conversion
CSV
CSV
NWPX
NWPX
Q1 26
2.78×
Q4 25
1.15×
4.06×
Q3 25
3.76×
1.55×
Q2 25
0.69×
0.60×
Q1 25
0.66×
1.22×
Q4 24
0.94×
3.58×
Q3 24
2.11×
2.22×
Q2 24
0.34×
2.58×

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%

NWPX
NWPX

Water Transmission Systems$93.5M68%
Precast Infrastructure and Engineered Systems$44.8M32%

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