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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($142.9M vs $105.5M, roughly 1.4× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -30.3%, a 41.9% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -0.3%). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -0.6%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
CSV vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $142.9M |
| Net Profit | $12.3M | $-43.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | — |
| Net Margin | 11.6% | -30.3% |
| Revenue YoY | 8.0% | -0.3% |
| Net Profit YoY | 24.5% | -44.3% |
| EPS (diluted) | $0.76 | $-0.34 |
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 | $142.9M | ||
| Q3 25 | $102.7M | $139.2M | ||
| Q2 25 | $102.1M | $140.3M | ||
| Q1 25 | $107.1M | $142.7M | ||
| Q4 24 | $97.7M | $143.2M | ||
| Q3 24 | $100.7M | $139.3M | ||
| Q2 24 | $102.3M | $143.3M | ||
| Q1 24 | $103.5M | $144.5M |
| Q4 25 | $12.3M | $-43.2M | ||
| Q3 25 | $6.6M | $-13.5M | ||
| Q2 25 | $11.7M | $-16.8M | ||
| Q1 25 | $20.9M | $-10.1M | ||
| Q4 24 | $9.9M | $-30.0M | ||
| Q3 24 | $9.9M | $-11.5M | ||
| Q2 24 | $6.3M | $-9.8M | ||
| 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% | — | ||
| 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% | — |
| Q4 25 | 11.6% | -30.3% | ||
| Q3 25 | 6.4% | -9.7% | ||
| Q2 25 | 11.5% | -12.0% | ||
| Q1 25 | 19.5% | -7.1% | ||
| Q4 24 | 10.1% | -20.9% | ||
| Q3 24 | 9.8% | -8.3% | ||
| Q2 24 | 6.1% | -6.8% | ||
| Q1 24 | 6.7% | -19.2% |
| Q4 25 | $0.76 | $-0.34 | ||
| Q3 25 | $0.41 | $-0.11 | ||
| Q2 25 | $0.74 | $-0.14 | ||
| Q1 25 | $1.34 | $-0.08 | ||
| Q4 24 | $0.62 | $-0.25 | ||
| Q3 24 | $0.63 | $-0.09 | ||
| Q2 24 | $0.40 | $-0.08 | ||
| Q1 24 | $0.45 | $-0.22 |
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 | $731.0K |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $254.8M | $1.5B |
| Total Assets | $1.3B | $4.0B |
| Debt / EquityLower = less leverage | — | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $731.0K | ||
| Q3 25 | $1.2M | $3.0M | ||
| Q2 25 | $1.4M | $3.3M | ||
| Q1 25 | $4.6M | $2.9M | ||
| Q4 24 | $1.2M | $109.6M | ||
| Q3 24 | $1.3M | $133.6M | ||
| Q2 24 | $1.5M | $138.5M | ||
| Q1 24 | $1.7M | $3.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $254.8M | $1.5B | ||
| Q3 25 | $242.1M | $1.5B | ||
| Q2 25 | $235.4M | $1.5B | ||
| Q1 25 | $223.1M | $1.6B | ||
| Q4 24 | $208.6M | $1.6B | ||
| Q3 24 | $198.1M | $1.6B | ||
| Q2 24 | $187.9M | $1.7B | ||
| Q1 24 | $179.6M | $1.7B |
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.3B | $4.0B | ||
| Q4 24 | $1.3B | $4.1B | ||
| Q3 24 | $1.3B | $4.1B | ||
| Q2 24 | $1.3B | $4.2B | ||
| Q1 24 | $1.3B | $4.0B |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $140.6M |
| 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 | $140.6M | ||
| Q3 25 | $24.7M | $35.8M | ||
| Q2 25 | $8.1M | $50.1M | ||
| Q1 25 | $13.8M | $3.7M | ||
| Q4 24 | $9.3M | $198.1M | ||
| Q3 24 | $20.9M | $42.9M | ||
| Q2 24 | $2.2M | $66.8M | ||
| Q1 24 | $19.7M | $23.4M |
| 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× | — | ||
| 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% |
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
