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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $105.5M, roughly 1.4× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -452.0%, a 463.6% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 7.2%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
CSV vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $152.8M |
| Net Profit | $12.3M | $-690.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -447.9% |
| Net Margin | 11.6% | -452.0% |
| Revenue YoY | 8.0% | 7.2% |
| Net Profit YoY | 24.5% | -606.3% |
| EPS (diluted) | $0.76 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $102.7M | $180.2M | ||
| Q2 25 | $102.1M | $153.0M | ||
| Q1 25 | $107.1M | $161.4M | ||
| Q4 24 | $97.7M | $142.6M | ||
| Q3 24 | $100.7M | $84.8M | ||
| Q2 24 | $102.3M | $70.0M | ||
| Q1 24 | $103.5M | $79.3M |
| Q4 25 | $12.3M | $-690.7M | ||
| Q3 25 | $6.6M | $104.5M | ||
| Q2 25 | $11.7M | $219.5M | ||
| Q1 25 | $20.9M | $-296.4M | ||
| Q4 24 | $9.9M | $136.4M | ||
| Q3 24 | $9.9M | $-154.4M | ||
| Q2 24 | $6.3M | $-84.4M | ||
| Q1 24 | $7.0M | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | 17.0% | 44.4% | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | -144.9% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | -143.3% | ||
| Q2 24 | 18.0% | -167.2% | ||
| Q1 24 | 18.8% | — |
| Q4 25 | 11.6% | -452.0% | ||
| Q3 25 | 6.4% | 58.0% | ||
| Q2 25 | 11.5% | 143.4% | ||
| Q1 25 | 19.5% | -183.6% | ||
| Q4 24 | 10.1% | 95.7% | ||
| Q3 24 | 9.8% | -182.1% | ||
| Q2 24 | 6.1% | -120.6% | ||
| Q1 24 | 6.7% | 267.1% |
| Q4 25 | $0.76 | $-1.89 | ||
| Q3 25 | $0.41 | $0.26 | ||
| Q2 25 | $0.74 | $0.58 | ||
| Q1 25 | $1.34 | $-0.90 | ||
| Q4 24 | $0.62 | $0.39 | ||
| Q3 24 | $0.63 | $-0.54 | ||
| Q2 24 | $0.40 | $-0.32 | ||
| Q1 24 | $0.45 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $254.8M | $2.9B |
| Total Assets | $1.3B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $233.5M | ||
| Q3 25 | $1.2M | $330.7M | ||
| Q2 25 | $1.4M | $255.4M | ||
| Q1 25 | $4.6M | $163.7M | ||
| Q4 24 | $1.2M | $277.9M | ||
| Q3 24 | $1.3M | $355.7M | ||
| Q2 24 | $1.5M | $481.2M | ||
| Q1 24 | $1.7M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $2.9B | ||
| Q3 25 | $242.1M | $3.5B | ||
| Q2 25 | $235.4M | $3.3B | ||
| Q1 25 | $223.1M | $2.9B | ||
| Q4 24 | $208.6M | $3.1B | ||
| Q3 24 | $198.1M | $2.7B | ||
| Q2 24 | $187.9M | $2.6B | ||
| Q1 24 | $179.6M | $2.5B |
| Q4 25 | $1.3B | $3.9B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $4.3B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.3B | $3.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.3B | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.1M | $-572.9M |
| Free Cash FlowOCF − Capex | $6.2M | $-774.3M |
| FCF MarginFCF / Revenue | 5.9% | -506.6% |
| Capex IntensityCapex / Revenue | 7.5% | 131.8% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-572.9M | ||
| Q3 25 | $24.7M | $-114.0M | ||
| Q2 25 | $8.1M | $-231.3M | ||
| Q1 25 | $13.8M | $-122.1M | ||
| Q4 24 | $9.3M | $-255.1M | ||
| Q3 24 | $20.9M | $-56.3M | ||
| Q2 24 | $2.2M | $-42.5M | ||
| Q1 24 | $19.7M | $-57.9M |
| Q4 25 | $6.2M | $-774.3M | ||
| Q3 25 | $18.0M | $-139.7M | ||
| Q2 25 | $5.2M | $-291.7M | ||
| Q1 25 | $10.6M | $-154.9M | ||
| Q4 24 | $4.9M | $-495.4M | ||
| Q3 24 | $16.2M | $-127.6M | ||
| Q2 24 | $-1.4M | $-96.1M | ||
| Q1 24 | $16.2M | $-115.2M |
| Q4 25 | 5.9% | -506.6% | ||
| Q3 25 | 17.5% | -77.5% | ||
| Q2 25 | 5.1% | -190.7% | ||
| Q1 25 | 9.9% | -96.0% | ||
| Q4 24 | 5.0% | -347.5% | ||
| Q3 24 | 16.1% | -150.5% | ||
| Q2 24 | -1.4% | -137.2% | ||
| Q1 24 | 15.6% | -145.2% |
| Q4 25 | 7.5% | 131.8% | ||
| Q3 25 | 6.5% | 14.3% | ||
| Q2 25 | 2.8% | 39.5% | ||
| Q1 25 | 3.0% | 20.4% | ||
| Q4 24 | 4.5% | 168.6% | ||
| Q3 24 | 4.6% | 84.1% | ||
| Q2 24 | 3.5% | 76.5% | ||
| Q1 24 | 3.4% | 72.3% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | -1.09× | ||
| Q2 25 | 0.69× | -1.05× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | -1.87× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
