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

DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 7.0%, a 4.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 8.0%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $6.2M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.

General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...

CSV vs PLOW — Head-to-Head

Bigger by revenue
PLOW
PLOW
1.7× larger
PLOW
$184.5M
$105.5M
CSV
Growing faster (revenue YoY)
PLOW
PLOW
+20.6% gap
PLOW
28.6%
8.0%
CSV
Higher net margin
CSV
CSV
4.7% more per $
CSV
11.6%
7.0%
PLOW
More free cash flow
PLOW
PLOW
$86.6M more FCF
PLOW
$92.8M
$6.2M
CSV
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
PLOW
PLOW
Revenue
$105.5M
$184.5M
Net Profit
$12.3M
$12.8M
Gross Margin
34.8%
26.1%
Operating Margin
23.3%
10.5%
Net Margin
11.6%
7.0%
Revenue YoY
8.0%
28.6%
Net Profit YoY
24.5%
62.3%
EPS (diluted)
$0.76
$0.54

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
PLOW
PLOW
Q4 25
$105.5M
$184.5M
Q3 25
$102.7M
$162.1M
Q2 25
$102.1M
$194.3M
Q1 25
$107.1M
$115.1M
Q4 24
$97.7M
$143.5M
Q3 24
$100.7M
$129.4M
Q2 24
$102.3M
$199.9M
Q1 24
$103.5M
$95.7M
Net Profit
CSV
CSV
PLOW
PLOW
Q4 25
$12.3M
$12.8M
Q3 25
$6.6M
$8.0M
Q2 25
$11.7M
$26.0M
Q1 25
$20.9M
$148.0K
Q4 24
$9.9M
$7.9M
Q3 24
$9.9M
$32.3M
Q2 24
$6.3M
$24.3M
Q1 24
$7.0M
$-8.4M
Gross Margin
CSV
CSV
PLOW
PLOW
Q4 25
34.8%
26.1%
Q3 25
35.3%
23.5%
Q2 25
35.2%
31.0%
Q1 25
35.3%
24.5%
Q4 24
34.4%
24.9%
Q3 24
35.2%
23.9%
Q2 24
36.2%
30.7%
Q1 24
36.0%
19.8%
Operating Margin
CSV
CSV
PLOW
PLOW
Q4 25
23.3%
10.5%
Q3 25
17.0%
8.7%
Q2 25
23.5%
19.0%
Q1 25
29.5%
2.8%
Q4 24
21.6%
9.0%
Q3 24
22.7%
35.4%
Q2 24
18.0%
18.2%
Q1 24
18.8%
-6.7%
Net Margin
CSV
CSV
PLOW
PLOW
Q4 25
11.6%
7.0%
Q3 25
6.4%
4.9%
Q2 25
11.5%
13.4%
Q1 25
19.5%
0.1%
Q4 24
10.1%
5.5%
Q3 24
9.8%
24.9%
Q2 24
6.1%
12.2%
Q1 24
6.7%
-8.7%
EPS (diluted)
CSV
CSV
PLOW
PLOW
Q4 25
$0.76
$0.54
Q3 25
$0.41
$0.33
Q2 25
$0.74
$1.09
Q1 25
$1.34
$0.00
Q4 24
$0.62
$0.35
Q3 24
$0.63
$1.36
Q2 24
$0.40
$1.02
Q1 24
$0.45
$-0.37

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
$144.0M
Stockholders' EquityBook value
$254.8M
$281.4M
Total Assets
$1.3B
$626.7M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
PLOW
PLOW
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
Total Debt
CSV
CSV
PLOW
PLOW
Q4 25
$144.0M
Q3 25
Q2 25
Q1 25
Q4 24
$147.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CSV
CSV
PLOW
PLOW
Q4 25
$254.8M
$281.4M
Q3 25
$242.1M
$275.3M
Q2 25
$235.4M
$273.3M
Q1 25
$223.1M
$258.9M
Q4 24
$208.6M
$264.2M
Q3 24
$198.1M
$260.8M
Q2 24
$187.9M
$236.7M
Q1 24
$179.6M
$217.2M
Total Assets
CSV
CSV
PLOW
PLOW
Q4 25
$1.3B
$626.7M
Q3 25
$1.3B
$694.9M
Q2 25
$1.3B
$671.5M
Q1 25
$1.3B
$621.0M
Q4 24
$1.3B
$590.0M
Q3 24
$1.3B
$665.6M
Q2 24
$1.3B
$617.0M
Q1 24
$1.3B
$577.1M
Debt / Equity
CSV
CSV
PLOW
PLOW
Q4 25
0.51×
Q3 25
Q2 25
Q1 25
Q4 24
0.56×
Q3 24
Q2 24
Q1 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
PLOW
PLOW
Operating Cash FlowLast quarter
$14.1M
$95.9M
Free Cash FlowOCF − Capex
$6.2M
$92.8M
FCF MarginFCF / Revenue
5.9%
50.3%
Capex IntensityCapex / Revenue
7.5%
1.7%
Cash ConversionOCF / Net Profit
1.15×
7.47×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
PLOW
PLOW
Q4 25
$14.1M
$95.9M
Q3 25
$24.7M
$-8.5M
Q2 25
$8.1M
$-11.4M
Q1 25
$13.8M
$-1.3M
Q4 24
$9.3M
$74.4M
Q3 24
$20.9M
$-14.2M
Q2 24
$2.2M
$2.5M
Q1 24
$19.7M
$-21.6M
Free Cash Flow
CSV
CSV
PLOW
PLOW
Q4 25
$6.2M
$92.8M
Q3 25
$18.0M
$-11.4M
Q2 25
$5.2M
$-14.3M
Q1 25
$10.6M
$-3.5M
Q4 24
$4.9M
$70.2M
Q3 24
$16.2M
$-15.2M
Q2 24
$-1.4M
$836.0K
Q1 24
$16.2M
$-22.4M
FCF Margin
CSV
CSV
PLOW
PLOW
Q4 25
5.9%
50.3%
Q3 25
17.5%
-7.1%
Q2 25
5.1%
-7.4%
Q1 25
9.9%
-3.0%
Q4 24
5.0%
48.9%
Q3 24
16.1%
-11.8%
Q2 24
-1.4%
0.4%
Q1 24
15.6%
-23.4%
Capex Intensity
CSV
CSV
PLOW
PLOW
Q4 25
7.5%
1.7%
Q3 25
6.5%
1.8%
Q2 25
2.8%
1.5%
Q1 25
3.0%
1.9%
Q4 24
4.5%
2.9%
Q3 24
4.6%
0.8%
Q2 24
3.5%
0.8%
Q1 24
3.4%
0.8%
Cash Conversion
CSV
CSV
PLOW
PLOW
Q4 25
1.15×
7.47×
Q3 25
3.76×
-1.07×
Q2 25
0.69×
-0.44×
Q1 25
0.66×
-9.03×
Q4 24
0.94×
9.41×
Q3 24
2.11×
-0.44×
Q2 24
0.34×
0.10×
Q1 24
2.83×

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%

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

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