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

TRUSTMARK CORP is the larger business by last-quarter revenue ($204.1M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). TRUSTMARK CORP runs the higher net margin — 28.4% vs 11.6%, a 16.7% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 4.5%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $6.2M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% 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.

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

CSV vs TRMK — Head-to-Head

Bigger by revenue
TRMK
TRMK
1.9× larger
TRMK
$204.1M
$105.5M
CSV
Growing faster (revenue YoY)
CSV
CSV
+3.4% gap
CSV
8.0%
4.5%
TRMK
Higher net margin
TRMK
TRMK
16.7% more per $
TRMK
28.4%
11.6%
CSV
More free cash flow
TRMK
TRMK
$225.7M more FCF
TRMK
$232.0M
$6.2M
CSV
Faster 2-yr revenue CAGR
TRMK
TRMK
Annualised
TRMK
8.9%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
TRMK
TRMK
Revenue
$105.5M
$204.1M
Net Profit
$12.3M
$57.9M
Gross Margin
34.8%
Operating Margin
23.3%
34.7%
Net Margin
11.6%
28.4%
Revenue YoY
8.0%
4.5%
Net Profit YoY
24.5%
2.8%
EPS (diluted)
$0.76
$0.96

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
TRMK
TRMK
Q4 25
$105.5M
$204.1M
Q3 25
$102.7M
$202.4M
Q2 25
$102.1M
$198.6M
Q1 25
$107.1M
$194.6M
Q4 24
$97.7M
$155.8M
Q3 24
$100.7M
$192.3M
Q2 24
$102.3M
$141.0M
Q1 24
$103.5M
$172.2M
Net Profit
CSV
CSV
TRMK
TRMK
Q4 25
$12.3M
$57.9M
Q3 25
$6.6M
$56.8M
Q2 25
$11.7M
$55.8M
Q1 25
$20.9M
$53.6M
Q4 24
$9.9M
$56.3M
Q3 24
$9.9M
$51.3M
Q2 24
$6.3M
$73.8M
Q1 24
$7.0M
$41.5M
Gross Margin
CSV
CSV
TRMK
TRMK
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%
Operating Margin
CSV
CSV
TRMK
TRMK
Q4 25
23.3%
34.7%
Q3 25
17.0%
34.5%
Q2 25
23.5%
34.7%
Q1 25
29.5%
33.6%
Q4 24
21.6%
41.6%
Q3 24
22.7%
32.5%
Q2 24
18.0%
-98.1%
Q1 24
18.8%
26.1%
Net Margin
CSV
CSV
TRMK
TRMK
Q4 25
11.6%
28.4%
Q3 25
6.4%
28.1%
Q2 25
11.5%
28.1%
Q1 25
19.5%
27.6%
Q4 24
10.1%
36.1%
Q3 24
9.8%
26.7%
Q2 24
6.1%
52.4%
Q1 24
6.7%
24.1%
EPS (diluted)
CSV
CSV
TRMK
TRMK
Q4 25
$0.76
$0.96
Q3 25
$0.41
$0.94
Q2 25
$0.74
$0.92
Q1 25
$1.34
$0.88
Q4 24
$0.62
$0.91
Q3 24
$0.63
$0.84
Q2 24
$0.40
$1.20
Q1 24
$0.45
$0.68

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$2.1B
Total Assets
$1.3B
$18.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
TRMK
TRMK
Q4 25
$1.7M
Q3 25
$1.2M
Q2 25
$1.4M
Q1 25
$4.6M
Q4 24
$1.2M
Q3 24
$1.3M
Q2 24
$1.5M
Q1 24
$1.7M
Stockholders' Equity
CSV
CSV
TRMK
TRMK
Q4 25
$254.8M
$2.1B
Q3 25
$242.1M
$2.1B
Q2 25
$235.4M
$2.1B
Q1 25
$223.1M
$2.0B
Q4 24
$208.6M
$2.0B
Q3 24
$198.1M
$2.0B
Q2 24
$187.9M
$1.9B
Q1 24
$179.6M
$1.7B
Total Assets
CSV
CSV
TRMK
TRMK
Q4 25
$1.3B
$18.9B
Q3 25
$1.3B
$18.8B
Q2 25
$1.3B
$18.6B
Q1 25
$1.3B
$18.3B
Q4 24
$1.3B
$18.2B
Q3 24
$1.3B
$18.5B
Q2 24
$1.3B
$18.5B
Q1 24
$1.3B
$18.4B

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
TRMK
TRMK
Operating Cash FlowLast quarter
$14.1M
$243.9M
Free Cash FlowOCF − Capex
$6.2M
$232.0M
FCF MarginFCF / Revenue
5.9%
113.6%
Capex IntensityCapex / Revenue
7.5%
5.9%
Cash ConversionOCF / Net Profit
1.15×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
TRMK
TRMK
Q4 25
$14.1M
$243.9M
Q3 25
$24.7M
$66.2M
Q2 25
$8.1M
$37.6M
Q1 25
$13.8M
$82.4M
Q4 24
$9.3M
$116.9M
Q3 24
$20.9M
$59.5M
Q2 24
$2.2M
$16.7M
Q1 24
$19.7M
$-58.5M
Free Cash Flow
CSV
CSV
TRMK
TRMK
Q4 25
$6.2M
$232.0M
Q3 25
$18.0M
$62.7M
Q2 25
$5.2M
$34.5M
Q1 25
$10.6M
$80.6M
Q4 24
$4.9M
$93.4M
Q3 24
$16.2M
$51.2M
Q2 24
$-1.4M
$10.5M
Q1 24
$16.2M
$-63.6M
FCF Margin
CSV
CSV
TRMK
TRMK
Q4 25
5.9%
113.6%
Q3 25
17.5%
31.0%
Q2 25
5.1%
17.4%
Q1 25
9.9%
41.4%
Q4 24
5.0%
60.0%
Q3 24
16.1%
26.7%
Q2 24
-1.4%
7.4%
Q1 24
15.6%
-36.9%
Capex Intensity
CSV
CSV
TRMK
TRMK
Q4 25
7.5%
5.9%
Q3 25
6.5%
1.8%
Q2 25
2.8%
1.6%
Q1 25
3.0%
0.9%
Q4 24
4.5%
15.1%
Q3 24
4.6%
4.3%
Q2 24
3.5%
4.4%
Q1 24
3.4%
2.9%
Cash Conversion
CSV
CSV
TRMK
TRMK
Q4 25
1.15×
4.21×
Q3 25
3.76×
1.17×
Q2 25
0.69×
0.67×
Q1 25
0.66×
1.54×
Q4 24
0.94×
2.08×
Q3 24
2.11×
1.16×
Q2 24
0.34×
0.23×
Q1 24
2.83×
-1.41×

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%

TRMK
TRMK

Segment breakdown not available.

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