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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $91.6M, roughly 1.2× SHENANDOAH TELECOMMUNICATIONS CO). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -5.9%, a 17.5% 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 $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
CSV vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $91.6M |
| Net Profit | $12.3M | $-5.4M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -1.0% |
| Net Margin | 11.6% | -5.9% |
| Revenue YoY | 8.0% | 7.2% |
| Net Profit YoY | 24.5% | -95.8% |
| EPS (diluted) | $0.76 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $102.7M | $89.8M | ||
| Q2 25 | $102.1M | $88.6M | ||
| Q1 25 | $107.1M | $87.9M | ||
| Q4 24 | $97.7M | $85.4M | ||
| Q3 24 | $100.7M | $87.6M | ||
| Q2 24 | $102.3M | $85.8M | ||
| Q1 24 | $103.5M | $69.2M |
| Q4 25 | $12.3M | $-5.4M | ||
| Q3 25 | $6.6M | $-9.4M | ||
| Q2 25 | $11.7M | $-9.0M | ||
| Q1 25 | $20.9M | $-9.1M | ||
| Q4 24 | $9.9M | $-2.7M | ||
| Q3 24 | $9.9M | $-5.3M | ||
| Q2 24 | $6.3M | $-12.9M | ||
| Q1 24 | $7.0M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | 17.0% | -8.0% | ||
| Q2 25 | 23.5% | -10.3% | ||
| Q1 25 | 29.5% | -6.9% | ||
| Q4 24 | 21.6% | -6.7% | ||
| Q3 24 | 22.7% | -4.8% | ||
| Q2 24 | 18.0% | -18.5% | ||
| Q1 24 | 18.8% | -4.0% |
| Q4 25 | 11.6% | -5.9% | ||
| Q3 25 | 6.4% | -10.5% | ||
| Q2 25 | 11.5% | -10.2% | ||
| Q1 25 | 19.5% | -10.4% | ||
| Q4 24 | 10.1% | -3.2% | ||
| Q3 24 | 9.8% | -6.0% | ||
| Q2 24 | 6.1% | -15.0% | ||
| Q1 24 | 6.7% | 310.0% |
| Q4 25 | $0.76 | $-0.13 | ||
| Q3 25 | $0.41 | $-0.20 | ||
| Q2 25 | $0.74 | $-0.19 | ||
| Q1 25 | $1.34 | $-0.19 | ||
| Q4 24 | $0.62 | $-0.34 | ||
| Q3 24 | $0.63 | $-0.13 | ||
| Q2 24 | $0.40 | $-0.24 | ||
| Q1 24 | $0.45 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $254.8M | $880.8M |
| Total Assets | $1.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $27.3M | ||
| Q3 25 | $1.2M | $22.6M | ||
| Q2 25 | $1.4M | $29.1M | ||
| Q1 25 | $4.6M | $87.5M | ||
| Q4 24 | $1.2M | $46.3M | ||
| Q3 24 | $1.3M | $43.1M | ||
| Q2 24 | $1.5M | $43.8M | ||
| Q1 24 | $1.7M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $254.8M | $880.8M | ||
| Q3 25 | $242.1M | $892.7M | ||
| Q2 25 | $235.4M | $902.0M | ||
| Q1 25 | $223.1M | $910.5M | ||
| Q4 24 | $208.6M | $918.6M | ||
| Q3 24 | $198.1M | $925.4M | ||
| Q2 24 | $187.9M | $933.1M | ||
| Q1 24 | $179.6M | $871.6M |
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $6.2M | $-78.6M |
| FCF MarginFCF / Revenue | 5.9% | -85.8% |
| Capex IntensityCapex / Revenue | 7.5% | 117.2% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $28.8M | ||
| Q3 25 | $24.7M | $30.7M | ||
| Q2 25 | $8.1M | $20.9M | ||
| Q1 25 | $13.8M | $20.5M | ||
| Q4 24 | $9.3M | $20.6M | ||
| Q3 24 | $20.9M | $24.3M | ||
| Q2 24 | $2.2M | $2.5M | ||
| Q1 24 | $19.7M | $15.2M |
| Q4 25 | $6.2M | $-78.6M | ||
| Q3 25 | $18.0M | $-51.4M | ||
| Q2 25 | $5.2M | $-65.3M | ||
| Q1 25 | $10.6M | $-62.7M | ||
| Q4 24 | $4.9M | $-72.0M | ||
| Q3 24 | $16.2M | $-51.3M | ||
| Q2 24 | $-1.4M | $-78.3M | ||
| Q1 24 | $16.2M | $-54.9M |
| Q4 25 | 5.9% | -85.8% | ||
| Q3 25 | 17.5% | -57.2% | ||
| Q2 25 | 5.1% | -73.7% | ||
| Q1 25 | 9.9% | -71.3% | ||
| Q4 24 | 5.0% | -84.3% | ||
| Q3 24 | 16.1% | -58.5% | ||
| Q2 24 | -1.4% | -91.3% | ||
| Q1 24 | 15.6% | -79.3% |
| Q4 25 | 7.5% | 117.2% | ||
| Q3 25 | 6.5% | 91.4% | ||
| Q2 25 | 2.8% | 97.3% | ||
| Q1 25 | 3.0% | 94.7% | ||
| Q4 24 | 4.5% | 108.4% | ||
| Q3 24 | 4.6% | 86.2% | ||
| Q2 24 | 3.5% | 94.2% | ||
| Q1 24 | 3.4% | 101.2% |
| 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× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
