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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $105.5M, roughly 1.2× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 1.5%, a 10.1% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $6.2M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -4.8%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CSV vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $124.7M |
| Net Profit | $12.3M | $1.9M |
| Gross Margin | 34.8% | 24.3% |
| Operating Margin | 23.3% | 3.3% |
| Net Margin | 11.6% | 1.5% |
| Revenue YoY | 8.0% | -3.9% |
| Net Profit YoY | 24.5% | -53.6% |
| EPS (diluted) | $0.76 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $102.7M | $85.1M | ||
| Q2 25 | $102.1M | $140.8M | ||
| Q1 25 | $107.1M | $115.9M | ||
| Q4 24 | $97.7M | $129.7M | ||
| Q3 24 | $100.7M | $88.3M | ||
| Q2 24 | $102.3M | $159.1M | ||
| Q1 24 | $103.5M | $137.5M |
| Q4 25 | $12.3M | $1.9M | ||
| Q3 25 | $6.6M | $-3.4M | ||
| Q2 25 | $11.7M | $8.6M | ||
| Q1 25 | $20.9M | $2.1M | ||
| Q4 24 | $9.9M | $4.5M | ||
| Q3 24 | $9.9M | $-1.9M | ||
| Q2 24 | $6.3M | $27.9M | ||
| Q1 24 | $7.0M | $7.9M |
| Q4 25 | 34.8% | 24.3% | ||
| Q3 25 | 35.3% | 25.9% | ||
| Q2 25 | 35.2% | 28.8% | ||
| Q1 25 | 35.3% | 24.1% | ||
| Q4 24 | 34.4% | 26.6% | ||
| Q3 24 | 35.2% | 27.4% | ||
| Q2 24 | 36.2% | 35.5% | ||
| Q1 24 | 36.0% | 28.7% |
| Q4 25 | 23.3% | 3.3% | ||
| Q3 25 | 17.0% | -3.5% | ||
| Q2 25 | 23.5% | 9.3% | ||
| Q1 25 | 29.5% | 4.1% | ||
| Q4 24 | 21.6% | 5.8% | ||
| Q3 24 | 22.7% | -1.7% | ||
| Q2 24 | 18.0% | 17.4% | ||
| Q1 24 | 18.8% | 8.2% |
| Q4 25 | 11.6% | 1.5% | ||
| Q3 25 | 6.4% | -4.0% | ||
| Q2 25 | 11.5% | 6.1% | ||
| Q1 25 | 19.5% | 1.8% | ||
| Q4 24 | 10.1% | 3.5% | ||
| Q3 24 | 9.8% | -2.1% | ||
| Q2 24 | 6.1% | 17.5% | ||
| Q1 24 | 6.7% | 5.7% |
| Q4 25 | $0.76 | $0.04 | ||
| Q3 25 | $0.41 | $-0.08 | ||
| Q2 25 | $0.74 | $0.19 | ||
| Q1 25 | $1.34 | $0.05 | ||
| Q4 24 | $0.62 | $0.10 | ||
| Q3 24 | $0.63 | $-0.04 | ||
| Q2 24 | $0.40 | $0.60 | ||
| Q1 24 | $0.45 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $363.2M |
| Total Assets | $1.3B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $22.4M | ||
| Q3 25 | $1.2M | $18.0M | ||
| Q2 25 | $1.4M | $25.2M | ||
| Q1 25 | $4.6M | $26.7M | ||
| Q4 24 | $1.2M | $39.1M | ||
| Q3 24 | $1.3M | $35.5M | ||
| Q2 24 | $1.5M | $60.8M | ||
| Q1 24 | $1.7M | $47.4M |
| Q4 25 | $254.8M | $363.2M | ||
| Q3 25 | $242.1M | $364.4M | ||
| Q2 25 | $235.4M | $372.5M | ||
| Q1 25 | $223.1M | $366.9M | ||
| Q4 24 | $208.6M | $371.5M | ||
| Q3 24 | $198.1M | $380.0M | ||
| Q2 24 | $187.9M | $399.9M | ||
| Q1 24 | $179.6M | $376.4M |
| Q4 25 | $1.3B | $548.6M | ||
| Q3 25 | $1.3B | $554.6M | ||
| Q2 25 | $1.3B | $559.6M | ||
| Q1 25 | $1.3B | $578.9M | ||
| Q4 24 | $1.3B | $587.4M | ||
| Q3 24 | $1.3B | $571.3M | ||
| Q2 24 | $1.3B | $577.4M | ||
| Q1 24 | $1.3B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $6.2M | $16.3M |
| FCF MarginFCF / Revenue | 5.9% | 13.1% |
| Capex IntensityCapex / Revenue | 7.5% | 8.8% |
| Cash ConversionOCF / Net Profit | 1.15× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $27.3M | ||
| Q3 25 | $24.7M | $-8.1M | ||
| Q2 25 | $8.1M | $40.8M | ||
| Q1 25 | $13.8M | $-9.8M | ||
| Q4 24 | $9.3M | $-7.4M | ||
| Q3 24 | $20.9M | $-30.8M | ||
| Q2 24 | $2.2M | $43.7M | ||
| Q1 24 | $19.7M | $25.2M |
| Q4 25 | $6.2M | $16.3M | ||
| Q3 25 | $18.0M | $-12.4M | ||
| Q2 25 | $5.2M | $33.5M | ||
| Q1 25 | $10.6M | $-16.1M | ||
| Q4 24 | $4.9M | $-10.7M | ||
| Q3 24 | $16.2M | $-35.5M | ||
| Q2 24 | $-1.4M | $38.2M | ||
| Q1 24 | $16.2M | $7.0M |
| Q4 25 | 5.9% | 13.1% | ||
| Q3 25 | 17.5% | -14.6% | ||
| Q2 25 | 5.1% | 23.8% | ||
| Q1 25 | 9.9% | -13.9% | ||
| Q4 24 | 5.0% | -8.3% | ||
| Q3 24 | 16.1% | -40.2% | ||
| Q2 24 | -1.4% | 24.0% | ||
| Q1 24 | 15.6% | 5.1% |
| Q4 25 | 7.5% | 8.8% | ||
| Q3 25 | 6.5% | 5.0% | ||
| Q2 25 | 2.8% | 5.2% | ||
| Q1 25 | 3.0% | 5.4% | ||
| Q4 24 | 4.5% | 2.5% | ||
| Q3 24 | 4.6% | 5.3% | ||
| Q2 24 | 3.5% | 3.5% | ||
| Q1 24 | 3.4% | 13.2% |
| Q4 25 | 1.15× | 14.22× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 4.73× | ||
| Q1 25 | 0.66× | -4.68× | ||
| Q4 24 | 0.94× | -1.63× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | 1.57× | ||
| Q1 24 | 2.83× | 3.20× |
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% |
SWBI
Segment breakdown not available.
