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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $93.7M, roughly 1.1× Ranpak Holdings Corp.). On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
CSV vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $93.7M |
| Net Profit | $12.3M | — |
| Gross Margin | 34.8% | 39.0% |
| Operating Margin | 23.3% | -1.0% |
| Net Margin | 11.6% | — |
| Revenue YoY | 8.0% | 2.3% |
| Net Profit YoY | 24.5% | — |
| EPS (diluted) | $0.76 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $102.7M | $83.6M | ||
| Q2 25 | $102.1M | $77.8M | ||
| Q1 25 | $107.1M | $77.6M | ||
| Q4 24 | $97.7M | $91.6M | ||
| Q3 24 | $100.7M | $78.6M | ||
| Q2 24 | $102.3M | $72.8M | ||
| Q1 24 | $103.5M | $72.5M |
| Q4 25 | $12.3M | — | ||
| Q3 25 | $6.6M | $-10.4M | ||
| Q2 25 | $11.7M | $-7.5M | ||
| Q1 25 | $20.9M | $-10.9M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.9M | $-8.1M | ||
| Q2 24 | $6.3M | $5.5M | ||
| Q1 24 | $7.0M | $-8.1M |
| Q4 25 | 34.8% | 39.0% | ||
| Q3 25 | 35.3% | 41.1% | ||
| Q2 25 | 35.2% | 37.1% | ||
| Q1 25 | 35.3% | 39.8% | ||
| Q4 24 | 34.4% | 45.2% | ||
| Q3 24 | 35.2% | 43.8% | ||
| Q2 24 | 36.2% | 43.5% | ||
| Q1 24 | 36.0% | 44.6% |
| Q4 25 | 23.3% | -1.0% | ||
| Q3 25 | 17.0% | -6.8% | ||
| Q2 25 | 23.5% | -12.5% | ||
| Q1 25 | 29.5% | -10.3% | ||
| Q4 24 | 21.6% | 1.5% | ||
| Q3 24 | 22.7% | -5.3% | ||
| Q2 24 | 18.0% | -7.1% | ||
| Q1 24 | 18.8% | -6.6% |
| Q4 25 | 11.6% | — | ||
| Q3 25 | 6.4% | -12.4% | ||
| Q2 25 | 11.5% | -9.6% | ||
| Q1 25 | 19.5% | -14.0% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 9.8% | -10.3% | ||
| Q2 24 | 6.1% | 7.6% | ||
| Q1 24 | 6.7% | -11.2% |
| Q4 25 | $0.76 | $-0.11 | ||
| Q3 25 | $0.41 | $-0.12 | ||
| Q2 25 | $0.74 | $-0.09 | ||
| Q1 25 | $1.34 | $-0.13 | ||
| Q4 24 | $0.62 | $-0.13 | ||
| Q3 24 | $0.63 | $-0.10 | ||
| Q2 24 | $0.40 | $0.07 | ||
| Q1 24 | $0.45 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $254.8M | $534.9M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $63.0M | ||
| Q3 25 | $1.2M | $49.9M | ||
| Q2 25 | $1.4M | $49.2M | ||
| Q1 25 | $4.6M | $65.5M | ||
| Q4 24 | $1.2M | $76.1M | ||
| Q3 24 | $1.3M | $69.5M | ||
| Q2 24 | $1.5M | $65.1M | ||
| Q1 24 | $1.7M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $254.8M | $534.9M | ||
| Q3 25 | $242.1M | $537.8M | ||
| Q2 25 | $235.4M | $539.0M | ||
| Q1 25 | $223.1M | $544.1M | ||
| Q4 24 | $208.6M | $548.1M | ||
| Q3 24 | $198.1M | $564.3M | ||
| Q2 24 | $187.9M | $566.2M | ||
| Q1 24 | $179.6M | $560.0M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $19.5M | ||
| Q3 25 | $24.7M | $8.5M | ||
| Q2 25 | $8.1M | $-3.6M | ||
| Q1 25 | $13.8M | $-1.3M | ||
| Q4 24 | $9.3M | $6.5M | ||
| Q3 24 | $20.9M | $10.1M | ||
| Q2 24 | $2.2M | $19.6M | ||
| Q1 24 | $19.7M | $5.2M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | — |
| 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× | 3.56× | ||
| 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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
