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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $60.9M, roughly 1.7× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 11.6%, a 8.3% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 8.0%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $6.2M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
CSV vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $60.9M |
| Net Profit | $12.3M | $12.2M |
| Gross Margin | 34.8% | 17.6% |
| Operating Margin | 23.3% | 1.5% |
| Net Margin | 11.6% | 20.0% |
| Revenue YoY | 8.0% | 21.8% |
| Net Profit YoY | 24.5% | 535.7% |
| EPS (diluted) | $0.76 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $102.7M | $41.9M | ||
| Q2 25 | $102.1M | $44.0M | ||
| Q1 25 | $107.1M | $99.0M | ||
| Q4 24 | $97.7M | $50.0M | ||
| Q3 24 | $100.7M | $70.1M | ||
| Q2 24 | $102.3M | $12.2M | ||
| Q1 24 | $103.5M | $15.9M |
| Q4 25 | $12.3M | $12.2M | ||
| Q3 25 | $6.6M | $-1.5M | ||
| Q2 25 | $11.7M | $1.5M | ||
| Q1 25 | $20.9M | $3.0M | ||
| Q4 24 | $9.9M | $1.9M | ||
| Q3 24 | $9.9M | $2.6M | ||
| Q2 24 | $6.3M | $1.4M | ||
| Q1 24 | $7.0M | $15.0K |
| Q4 25 | 34.8% | 17.6% | ||
| Q3 25 | 35.3% | 11.1% | ||
| Q2 25 | 35.2% | 17.8% | ||
| Q1 25 | 35.3% | 9.3% | ||
| Q4 24 | 34.4% | 14.4% | ||
| Q3 24 | 35.2% | 11.3% | ||
| Q2 24 | 36.2% | 37.3% | ||
| Q1 24 | 36.0% | 17.1% |
| Q4 25 | 23.3% | 1.5% | ||
| Q3 25 | 17.0% | -2.2% | ||
| Q2 25 | 23.5% | 5.1% | ||
| Q1 25 | 29.5% | 4.2% | ||
| Q4 24 | 21.6% | 0.0% | ||
| Q3 24 | 22.7% | 5.4% | ||
| Q2 24 | 18.0% | 14.0% | ||
| Q1 24 | 18.8% | 1.6% |
| Q4 25 | 11.6% | 20.0% | ||
| Q3 25 | 6.4% | -3.6% | ||
| Q2 25 | 11.5% | 3.4% | ||
| Q1 25 | 19.5% | 3.0% | ||
| Q4 24 | 10.1% | 3.8% | ||
| Q3 24 | 9.8% | 3.8% | ||
| Q2 24 | 6.1% | 11.5% | ||
| Q1 24 | 6.7% | 0.1% |
| Q4 25 | $0.76 | $0.44 | ||
| Q3 25 | $0.41 | $-0.06 | ||
| Q2 25 | $0.74 | $0.06 | ||
| Q1 25 | $1.34 | $0.12 | ||
| Q4 24 | $0.62 | $0.08 | ||
| Q3 24 | $0.63 | $0.10 | ||
| Q2 24 | $0.40 | $0.06 | ||
| Q1 24 | $0.45 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $76.6M |
| Total Assets | $1.3B | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $85.5M | ||
| Q3 25 | $1.2M | $70.7M | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $1.2M | $23.2M | ||
| Q3 24 | $1.3M | $46.4M | ||
| Q2 24 | $1.5M | $8.3M | ||
| Q1 24 | $1.7M | $14.4M |
| Q4 25 | $254.8M | $76.6M | ||
| Q3 25 | $242.1M | $63.4M | ||
| Q2 25 | $235.4M | $9.5M | ||
| Q1 25 | $223.1M | $9.4M | ||
| Q4 24 | $208.6M | $7.1M | ||
| Q3 24 | $198.1M | $7.7M | ||
| Q2 24 | $187.9M | $5.2M | ||
| Q1 24 | $179.6M | $3.7M |
| Q4 25 | $1.3B | $184.9M | ||
| Q3 25 | $1.3B | $165.4M | ||
| Q2 25 | $1.3B | $139.5M | ||
| Q1 25 | $1.3B | $113.5M | ||
| Q4 24 | $1.3B | $96.6M | ||
| Q3 24 | $1.3B | $67.3M | ||
| Q2 24 | $1.3B | $28.9M | ||
| Q1 24 | $1.3B | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $6.2M | $15.8M |
| FCF MarginFCF / Revenue | 5.9% | 25.9% |
| Capex IntensityCapex / Revenue | 7.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.15× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $16.3M | ||
| Q3 25 | $24.7M | $-18.4M | ||
| Q2 25 | $8.1M | $16.3M | ||
| Q1 25 | $13.8M | $20.6M | ||
| Q4 24 | $9.3M | $-21.6M | ||
| Q3 24 | $20.9M | $38.6M | ||
| Q2 24 | $2.2M | $-4.3M | ||
| Q1 24 | $19.7M | $2.6M |
| Q4 25 | $6.2M | $15.8M | ||
| Q3 25 | $18.0M | $-24.9M | ||
| Q2 25 | $5.2M | $5.4M | ||
| Q1 25 | $10.6M | $5.8M | ||
| Q4 24 | $4.9M | $-28.4M | ||
| Q3 24 | $16.2M | $38.6M | ||
| Q2 24 | $-1.4M | $-6.0M | ||
| Q1 24 | $16.2M | $2.6M |
| Q4 25 | 5.9% | 25.9% | ||
| Q3 25 | 17.5% | -59.3% | ||
| Q2 25 | 5.1% | 12.3% | ||
| Q1 25 | 9.9% | 5.8% | ||
| Q4 24 | 5.0% | -56.7% | ||
| Q3 24 | 16.1% | 55.1% | ||
| Q2 24 | -1.4% | -49.4% | ||
| Q1 24 | 15.6% | 16.4% |
| Q4 25 | 7.5% | 0.9% | ||
| Q3 25 | 6.5% | 15.3% | ||
| Q2 25 | 2.8% | 24.8% | ||
| Q1 25 | 3.0% | 15.0% | ||
| Q4 24 | 4.5% | 13.4% | ||
| Q3 24 | 4.6% | 0.1% | ||
| Q2 24 | 3.5% | 13.8% | ||
| Q1 24 | 3.4% | 0.2% |
| Q4 25 | 1.15× | 1.34× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 11.02× | ||
| Q1 25 | 0.66× | 6.93× | ||
| Q4 24 | 0.94× | -11.32× | ||
| Q3 24 | 2.11× | 14.60× | ||
| Q2 24 | 0.34× | -3.09× | ||
| Q1 24 | 2.83× | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
