vs
Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $71.1M, roughly 1.5× RE/MAX Holdings, Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 2.0%, a 9.6% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -4.7%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
CSV vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $71.1M |
| Net Profit | $12.3M | $1.4M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | 13.1% |
| Net Margin | 11.6% | 2.0% |
| Revenue YoY | 8.0% | -1.8% |
| Net Profit YoY | 24.5% | -75.2% |
| EPS (diluted) | $0.76 | — |
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 | $71.1M | ||
| Q3 25 | $102.7M | $73.2M | ||
| Q2 25 | $102.1M | $72.8M | ||
| Q1 25 | $107.1M | $74.5M | ||
| Q4 24 | $97.7M | $72.5M | ||
| Q3 24 | $100.7M | $78.5M | ||
| Q2 24 | $102.3M | $78.5M | ||
| Q1 24 | $103.5M | $78.3M |
| Q4 25 | $12.3M | $1.4M | ||
| Q3 25 | $6.6M | $4.0M | ||
| Q2 25 | $11.7M | $4.7M | ||
| Q1 25 | $20.9M | $-2.0M | ||
| Q4 24 | $9.9M | $5.8M | ||
| Q3 24 | $9.9M | $966.0K | ||
| Q2 24 | $6.3M | $3.7M | ||
| Q1 24 | $7.0M | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | 17.0% | 25.0% | ||
| Q2 25 | 23.5% | 19.3% | ||
| Q1 25 | 29.5% | 7.2% | ||
| Q4 24 | 21.6% | 5.9% | ||
| Q3 24 | 22.7% | 19.4% | ||
| Q2 24 | 18.0% | 20.6% | ||
| Q1 24 | 18.8% | 5.8% |
| Q4 25 | 11.6% | 2.0% | ||
| Q3 25 | 6.4% | 5.4% | ||
| Q2 25 | 11.5% | 6.4% | ||
| Q1 25 | 19.5% | -2.6% | ||
| Q4 24 | 10.1% | 8.0% | ||
| Q3 24 | 9.8% | 1.2% | ||
| Q2 24 | 6.1% | 4.7% | ||
| Q1 24 | 6.7% | -4.3% |
| Q4 25 | $0.76 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.74 | — | ||
| Q1 25 | $1.34 | — | ||
| Q4 24 | $0.62 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.45 | — |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $254.8M | $452.4M |
| Total Assets | $1.3B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $118.7M | ||
| Q3 25 | $1.2M | $107.5M | ||
| Q2 25 | $1.4M | $94.3M | ||
| Q1 25 | $4.6M | $89.1M | ||
| Q4 24 | $1.2M | $96.6M | ||
| Q3 24 | $1.3M | $83.8M | ||
| Q2 24 | $1.5M | $66.1M | ||
| Q1 24 | $1.7M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $254.8M | $452.4M | ||
| Q3 25 | $242.1M | $448.1M | ||
| Q2 25 | $235.4M | $442.4M | ||
| Q1 25 | $223.1M | $433.5M | ||
| Q4 24 | $208.6M | $429.5M | ||
| Q3 24 | $198.1M | $423.1M | ||
| Q2 24 | $187.9M | $418.4M | ||
| Q1 24 | $179.6M | $412.0M |
| Q4 25 | $1.3B | $582.5M | ||
| Q3 25 | $1.3B | $582.2M | ||
| Q2 25 | $1.3B | $574.8M | ||
| Q1 25 | $1.3B | $571.4M | ||
| Q4 24 | $1.3B | $581.6M | ||
| Q3 24 | $1.3B | $578.6M | ||
| Q2 24 | $1.3B | $571.4M | ||
| Q1 24 | $1.3B | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $6.2M | $33.5M |
| FCF MarginFCF / Revenue | 5.9% | 47.1% |
| Capex IntensityCapex / Revenue | 7.5% | 10.4% |
| Cash ConversionOCF / Net Profit | 1.15× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $40.9M | ||
| Q3 25 | $24.7M | $17.7M | ||
| Q2 25 | $8.1M | $4.6M | ||
| Q1 25 | $13.8M | $5.7M | ||
| Q4 24 | $9.3M | $59.7M | ||
| Q3 24 | $20.9M | $17.6M | ||
| Q2 24 | $2.2M | $15.9M | ||
| Q1 24 | $19.7M | $9.4M |
| Q4 25 | $6.2M | $33.5M | ||
| Q3 25 | $18.0M | $16.4M | ||
| Q2 25 | $5.2M | $2.9M | ||
| Q1 25 | $10.6M | $4.0M | ||
| Q4 24 | $4.9M | $53.0M | ||
| Q3 24 | $16.2M | $16.3M | ||
| Q2 24 | $-1.4M | $14.0M | ||
| Q1 24 | $16.2M | $6.8M |
| Q4 25 | 5.9% | 47.1% | ||
| Q3 25 | 17.5% | 22.4% | ||
| Q2 25 | 5.1% | 4.0% | ||
| Q1 25 | 9.9% | 5.3% | ||
| Q4 24 | 5.0% | 73.2% | ||
| Q3 24 | 16.1% | 20.8% | ||
| Q2 24 | -1.4% | 17.8% | ||
| Q1 24 | 15.6% | 8.6% |
| Q4 25 | 7.5% | 10.4% | ||
| Q3 25 | 6.5% | 1.8% | ||
| Q2 25 | 2.8% | 2.2% | ||
| Q1 25 | 3.0% | 2.3% | ||
| Q4 24 | 4.5% | 9.1% | ||
| Q3 24 | 4.6% | 1.7% | ||
| Q2 24 | 3.5% | 2.4% | ||
| Q1 24 | 3.4% | 3.3% |
| Q4 25 | 1.15× | 28.39× | ||
| Q3 25 | 3.76× | 4.45× | ||
| Q2 25 | 0.69× | 0.97× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 10.28× | ||
| Q3 24 | 2.11× | 18.22× | ||
| Q2 24 | 0.34× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
