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

TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $105.5M, roughly 1.4× CARRIAGE SERVICES INC). TANGER INC. runs the higher net margin — 19.6% vs 11.6%, a 7.9% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs 8.0%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% 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.

Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.

CSV vs SKT — Head-to-Head

Bigger by revenue
SKT
SKT
1.4× larger
SKT
$150.4M
$105.5M
CSV
Growing faster (revenue YoY)
SKT
SKT
+3.2% gap
SKT
11.1%
8.0%
CSV
Higher net margin
SKT
SKT
7.9% more per $
SKT
19.6%
11.6%
CSV
Faster 2-yr revenue CAGR
SKT
SKT
Annualised
SKT
8.0%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSV
CSV
SKT
SKT
Revenue
$105.5M
$150.4M
Net Profit
$12.3M
$29.4M
Gross Margin
34.8%
Operating Margin
23.3%
Net Margin
11.6%
19.6%
Revenue YoY
8.0%
11.1%
Net Profit YoY
24.5%
47.1%
EPS (diluted)
$0.76
$1.05

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
SKT
SKT
Q1 26
$150.4M
Q4 25
$105.5M
$151.0M
Q3 25
$102.7M
$145.2M
Q2 25
$102.1M
$140.7M
Q1 25
$107.1M
$135.4M
Q4 24
$97.7M
$132.2M
Q3 24
$100.7M
$133.0M
Q2 24
$102.3M
$129.0M
Net Profit
CSV
CSV
SKT
SKT
Q1 26
$29.4M
Q4 25
$12.3M
Q3 25
$6.6M
$32.0M
Q2 25
$11.7M
$30.1M
Q1 25
$20.9M
$19.2M
Q4 24
$9.9M
Q3 24
$9.9M
$24.9M
Q2 24
$6.3M
$24.8M
Gross Margin
CSV
CSV
SKT
SKT
Q1 26
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%
Operating Margin
CSV
CSV
SKT
SKT
Q1 26
Q4 25
23.3%
Q3 25
17.0%
20.1%
Q2 25
23.5%
20.1%
Q1 25
29.5%
13.0%
Q4 24
21.6%
Q3 24
22.7%
17.8%
Q2 24
18.0%
17.8%
Net Margin
CSV
CSV
SKT
SKT
Q1 26
19.6%
Q4 25
11.6%
Q3 25
6.4%
22.1%
Q2 25
11.5%
21.4%
Q1 25
19.5%
14.2%
Q4 24
10.1%
Q3 24
9.8%
18.7%
Q2 24
6.1%
19.3%
EPS (diluted)
CSV
CSV
SKT
SKT
Q1 26
$1.05
Q4 25
$0.76
Q3 25
$0.41
$0.28
Q2 25
$0.74
$0.26
Q1 25
$1.34
$0.17
Q4 24
$0.62
Q3 24
$0.63
$0.22
Q2 24
$0.40
$0.22

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
SKT
SKT
Cash + ST InvestmentsLiquidity on hand
$1.7M
$227.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$697.8M
Total Assets
$1.3B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
SKT
SKT
Q1 26
$227.4M
Q4 25
$1.7M
$18.1M
Q3 25
$1.2M
$13.0M
Q2 25
$1.4M
$9.7M
Q1 25
$4.6M
$10.2M
Q4 24
$1.2M
$47.0M
Q3 24
$1.3M
$11.1M
Q2 24
$1.5M
$11.3M
Total Debt
CSV
CSV
SKT
SKT
Q1 26
Q4 25
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Stockholders' Equity
CSV
CSV
SKT
SKT
Q1 26
$697.8M
Q4 25
$254.8M
Q3 25
$242.1M
$703.6M
Q2 25
$235.4M
$635.2M
Q1 25
$223.1M
$633.9M
Q4 24
$208.6M
$652.4M
Q3 24
$198.1M
$568.3M
Q2 24
$187.9M
$553.7M
Total Assets
CSV
CSV
SKT
SKT
Q1 26
$2.8B
Q4 25
$1.3B
Q3 25
$1.3B
$2.6B
Q2 25
$1.3B
$2.5B
Q1 25
$1.3B
$2.5B
Q4 24
$1.3B
$2.4B
Q3 24
$1.3B
$2.3B
Q2 24
$1.3B
$2.3B
Debt / Equity
CSV
CSV
SKT
SKT
Q1 26
Q4 25
Q3 25
2.29×
Q2 25
2.40×
Q1 25
2.47×
Q4 24
2.18×
Q3 24
2.51×
Q2 24
2.64×

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
SKT
SKT
Operating Cash FlowLast quarter
$14.1M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
6.6%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
SKT
SKT
Q1 26
Q4 25
$14.1M
Q3 25
$24.7M
$74.3M
Q2 25
$8.1M
$82.0M
Q1 25
$13.8M
$41.4M
Q4 24
$9.3M
Q3 24
$20.9M
$65.2M
Q2 24
$2.2M
$72.8M
Free Cash Flow
CSV
CSV
SKT
SKT
Q1 26
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
FCF Margin
CSV
CSV
SKT
SKT
Q1 26
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%
Capex Intensity
CSV
CSV
SKT
SKT
Q1 26
6.6%
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%
Cash Conversion
CSV
CSV
SKT
SKT
Q1 26
Q4 25
1.15×
Q3 25
3.76×
2.32×
Q2 25
0.69×
2.73×
Q1 25
0.66×
2.16×
Q4 24
0.94×
Q3 24
2.11×
2.62×
Q2 24
0.34×
2.93×

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%

SKT
SKT

Rental revenue$143.5M95%
Other revenue$4.7M3%
Management, leasing and other services$2.2M1%

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