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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $86.0M, roughly 1.2× Smart Sand, Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 1.4%, a 10.3% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $6.2M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% 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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
CSV vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $86.0M |
| Net Profit | $12.3M | $1.2M |
| Gross Margin | 34.8% | 13.0% |
| Operating Margin | 23.3% | -3.1% |
| Net Margin | 11.6% | 1.4% |
| Revenue YoY | 8.0% | -5.8% |
| Net Profit YoY | 24.5% | -68.5% |
| EPS (diluted) | $0.76 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $102.7M | $92.8M | ||
| Q2 25 | $102.1M | $85.8M | ||
| Q1 25 | $107.1M | $65.6M | ||
| Q4 24 | $97.7M | $91.4M | ||
| Q3 24 | $100.7M | $63.2M | ||
| Q2 24 | $102.3M | $73.8M | ||
| Q1 24 | $103.5M | $83.1M |
| Q4 25 | $12.3M | $1.2M | ||
| Q3 25 | $6.6M | $3.0M | ||
| Q2 25 | $11.7M | $21.4M | ||
| Q1 25 | $20.9M | $-24.2M | ||
| Q4 24 | $9.9M | $3.7M | ||
| Q3 24 | $9.9M | $-98.0K | ||
| Q2 24 | $6.3M | $-430.0K | ||
| Q1 24 | $7.0M | $-216.0K |
| Q4 25 | 34.8% | 13.0% | ||
| Q3 25 | 35.3% | 16.1% | ||
| Q2 25 | 35.2% | 10.4% | ||
| Q1 25 | 35.3% | 4.2% | ||
| Q4 24 | 34.4% | 14.7% | ||
| Q3 24 | 35.2% | 10.3% | ||
| Q2 24 | 36.2% | 17.7% | ||
| Q1 24 | 36.0% | 14.2% |
| Q4 25 | 23.3% | -3.1% | ||
| Q3 25 | 17.0% | 5.8% | ||
| Q2 25 | 23.5% | -0.1% | ||
| Q1 25 | 29.5% | -10.8% | ||
| Q4 24 | 21.6% | 3.9% | ||
| Q3 24 | 22.7% | -7.8% | ||
| Q2 24 | 18.0% | 4.8% | ||
| Q1 24 | 18.8% | 0.9% |
| Q4 25 | 11.6% | 1.4% | ||
| Q3 25 | 6.4% | 3.2% | ||
| Q2 25 | 11.5% | 24.9% | ||
| Q1 25 | 19.5% | -37.0% | ||
| Q4 24 | 10.1% | 4.1% | ||
| Q3 24 | 9.8% | -0.2% | ||
| Q2 24 | 6.1% | -0.6% | ||
| Q1 24 | 6.7% | -0.3% |
| Q4 25 | $0.76 | $0.03 | ||
| Q3 25 | $0.41 | $0.08 | ||
| Q2 25 | $0.74 | $0.54 | ||
| Q1 25 | $1.34 | $-0.62 | ||
| Q4 24 | $0.62 | $0.10 | ||
| Q3 24 | $0.63 | $0.00 | ||
| Q2 24 | $0.40 | $-0.01 | ||
| Q1 24 | $0.45 | $-0.01 |
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 | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $254.8M | $239.7M |
| Total Assets | $1.3B | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $22.6M | ||
| Q3 25 | $1.2M | $5.1M | ||
| Q2 25 | $1.4M | $4.3M | ||
| Q1 25 | $4.6M | $5.1M | ||
| Q4 24 | $1.2M | $1.6M | ||
| Q3 24 | $1.3M | $7.2M | ||
| Q2 24 | $1.5M | $6.3M | ||
| Q1 24 | $1.7M | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $254.8M | $239.7M | ||
| Q3 25 | $242.1M | $239.9M | ||
| Q2 25 | $235.4M | $240.5M | ||
| Q1 25 | $223.1M | $219.9M | ||
| Q4 24 | $208.6M | $243.8M | ||
| Q3 24 | $198.1M | $243.6M | ||
| Q2 24 | $187.9M | $242.9M | ||
| Q1 24 | $179.6M | $242.5M |
| Q4 25 | $1.3B | $340.0M | ||
| Q3 25 | $1.3B | $343.1M | ||
| Q2 25 | $1.3B | $345.8M | ||
| Q1 25 | $1.3B | $326.9M | ||
| Q4 24 | $1.3B | $341.5M | ||
| Q3 24 | $1.3B | $335.8M | ||
| Q2 24 | $1.3B | $341.8M | ||
| Q1 24 | $1.3B | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $6.2M | $20.4M |
| FCF MarginFCF / Revenue | 5.9% | 23.7% |
| Capex IntensityCapex / Revenue | 7.5% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.15× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $22.4M | ||
| Q3 25 | $24.7M | $18.2M | ||
| Q2 25 | $8.1M | $-5.1M | ||
| Q1 25 | $13.8M | $8.7M | ||
| Q4 24 | $9.3M | $1.0M | ||
| Q3 24 | $20.9M | $5.8M | ||
| Q2 24 | $2.2M | $14.9M | ||
| Q1 24 | $19.7M | $-3.9M |
| Q4 25 | $6.2M | $20.4M | ||
| Q3 25 | $18.0M | $14.8M | ||
| Q2 25 | $5.2M | $-7.8M | ||
| Q1 25 | $10.6M | $5.2M | ||
| Q4 24 | $4.9M | $-840.0K | ||
| Q3 24 | $16.2M | $3.7M | ||
| Q2 24 | $-1.4M | $13.5M | ||
| Q1 24 | $16.2M | $-5.5M |
| Q4 25 | 5.9% | 23.7% | ||
| Q3 25 | 17.5% | 15.9% | ||
| Q2 25 | 5.1% | -9.1% | ||
| Q1 25 | 9.9% | 7.9% | ||
| Q4 24 | 5.0% | -0.9% | ||
| Q3 24 | 16.1% | 5.8% | ||
| Q2 24 | -1.4% | 18.3% | ||
| Q1 24 | 15.6% | -6.6% |
| Q4 25 | 7.5% | 2.3% | ||
| Q3 25 | 6.5% | 3.6% | ||
| Q2 25 | 2.8% | 3.1% | ||
| Q1 25 | 3.0% | 5.4% | ||
| Q4 24 | 4.5% | 2.1% | ||
| Q3 24 | 4.6% | 3.4% | ||
| Q2 24 | 3.5% | 1.8% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | 1.15× | 18.99× | ||
| Q3 25 | 3.76× | 6.05× | ||
| Q2 25 | 0.69× | -0.24× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | 0.28× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| 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% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
