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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $105.5M, roughly 1.6× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 2.7%, a 8.9% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -7.5%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-5.5M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -13.5%).

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

CSV vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.6× larger
THRY
$167.7M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+15.5% gap
CSV
8.0%
-7.5%
THRY
Higher net margin
CSV
CSV
8.9% more per $
CSV
11.6%
2.7%
THRY
More free cash flow
CSV
CSV
$11.7M more FCF
CSV
$6.2M
$-5.5M
THRY
Faster 2-yr revenue CAGR
CSV
CSV
Annualised
CSV
1.0%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSV
CSV
THRY
THRY
Revenue
$105.5M
$167.7M
Net Profit
$12.3M
$4.5M
Gross Margin
34.8%
65.2%
Operating Margin
23.3%
37.3%
Net Margin
11.6%
2.7%
Revenue YoY
8.0%
-7.5%
Net Profit YoY
24.5%
147.2%
EPS (diluted)
$0.76
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$105.5M
$191.6M
Q3 25
$102.7M
$201.6M
Q2 25
$102.1M
$210.5M
Q1 25
$107.1M
$181.4M
Q4 24
$97.7M
$186.6M
Q3 24
$100.7M
$179.9M
Q2 24
$102.3M
$224.1M
Net Profit
CSV
CSV
THRY
THRY
Q1 26
$4.5M
Q4 25
$12.3M
$-9.7M
Q3 25
$6.6M
$5.7M
Q2 25
$11.7M
$13.9M
Q1 25
$20.9M
$-9.6M
Q4 24
$9.9M
$7.9M
Q3 24
$9.9M
$-96.1M
Q2 24
$6.3M
$5.5M
Gross Margin
CSV
CSV
THRY
THRY
Q1 26
65.2%
Q4 25
34.8%
68.0%
Q3 25
35.3%
67.7%
Q2 25
35.2%
69.7%
Q1 25
35.3%
65.8%
Q4 24
34.4%
65.9%
Q3 24
35.2%
62.3%
Q2 24
36.2%
66.3%
Operating Margin
CSV
CSV
THRY
THRY
Q1 26
37.3%
Q4 25
23.3%
5.3%
Q3 25
17.0%
9.9%
Q2 25
23.5%
14.0%
Q1 25
29.5%
-1.7%
Q4 24
21.6%
-3.9%
Q3 24
22.7%
-49.2%
Q2 24
18.0%
14.0%
Net Margin
CSV
CSV
THRY
THRY
Q1 26
2.7%
Q4 25
11.6%
-5.0%
Q3 25
6.4%
2.8%
Q2 25
11.5%
6.6%
Q1 25
19.5%
-5.3%
Q4 24
10.1%
4.2%
Q3 24
9.8%
-53.4%
Q2 24
6.1%
2.5%
EPS (diluted)
CSV
CSV
THRY
THRY
Q1 26
$0.10
Q4 25
$0.76
$-0.21
Q3 25
$0.41
$0.13
Q2 25
$0.74
$0.31
Q1 25
$1.34
$-0.22
Q4 24
$0.62
$0.28
Q3 24
$0.63
$-2.65
Q2 24
$0.40
$0.15

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$1.7M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$225.4M
Total Assets
$1.3B
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
THRY
THRY
Q1 26
$8.0M
Q4 25
$1.7M
$10.8M
Q3 25
$1.2M
$11.6M
Q2 25
$1.4M
$10.8M
Q1 25
$4.6M
$11.0M
Q4 24
$1.2M
$16.3M
Q3 24
$1.3M
$12.5M
Q2 24
$1.5M
$15.5M
Total Debt
CSV
CSV
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
CSV
CSV
THRY
THRY
Q1 26
$225.4M
Q4 25
$254.8M
$218.1M
Q3 25
$242.1M
$221.1M
Q2 25
$235.4M
$214.9M
Q1 25
$223.1M
$193.2M
Q4 24
$208.6M
$196.9M
Q3 24
$198.1M
$94.5M
Q2 24
$187.9M
$183.1M
Total Assets
CSV
CSV
THRY
THRY
Q1 26
$693.7M
Q4 25
$1.3B
$688.6M
Q3 25
$1.3B
$701.8M
Q2 25
$1.3B
$687.7M
Q1 25
$1.3B
$703.7M
Q4 24
$1.3B
$712.2M
Q3 24
$1.3B
$654.8M
Q2 24
$1.3B
$785.5M
Debt / Equity
CSV
CSV
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$14.1M
Free Cash FlowOCF − Capex
$6.2M
$-5.5M
FCF MarginFCF / Revenue
5.9%
-3.3%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
THRY
THRY
Q1 26
Q4 25
$14.1M
$22.2M
Q3 25
$24.7M
$22.2M
Q2 25
$8.1M
$29.6M
Q1 25
$13.8M
$-10.5M
Q4 24
$9.3M
$26.1M
Q3 24
$20.9M
$36.0M
Q2 24
$2.2M
$22.2M
Free Cash Flow
CSV
CSV
THRY
THRY
Q1 26
$-5.5M
Q4 25
$6.2M
$12.3M
Q3 25
$18.0M
$14.6M
Q2 25
$5.2M
$21.8M
Q1 25
$10.6M
$-17.6M
Q4 24
$4.9M
$17.3M
Q3 24
$16.2M
$27.5M
Q2 24
$-1.4M
$13.3M
FCF Margin
CSV
CSV
THRY
THRY
Q1 26
-3.3%
Q4 25
5.9%
6.4%
Q3 25
17.5%
7.2%
Q2 25
5.1%
10.4%
Q1 25
9.9%
-9.7%
Q4 24
5.0%
9.3%
Q3 24
16.1%
15.3%
Q2 24
-1.4%
5.9%
Capex Intensity
CSV
CSV
THRY
THRY
Q1 26
Q4 25
7.5%
5.2%
Q3 25
6.5%
3.8%
Q2 25
2.8%
3.7%
Q1 25
3.0%
3.9%
Q4 24
4.5%
4.7%
Q3 24
4.6%
4.7%
Q2 24
3.5%
4.0%
Cash Conversion
CSV
CSV
THRY
THRY
Q1 26
Q4 25
1.15×
Q3 25
3.76×
3.93×
Q2 25
0.69×
2.12×
Q1 25
0.66×
Q4 24
0.94×
3.32×
Q3 24
2.11×
Q2 24
0.34×
4.01×

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%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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