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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.

CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 11.6%, a 16.1% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 8.0%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.

CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.

CSV vs UAN — Head-to-Head

Bigger by revenue
UAN
UAN
1.7× larger
UAN
$180.0M
$105.5M
CSV
Growing faster (revenue YoY)
UAN
UAN
+18.1% gap
UAN
26.0%
8.0%
CSV
Higher net margin
UAN
UAN
16.1% more per $
UAN
27.7%
11.6%
CSV
Faster 2-yr revenue CAGR
UAN
UAN
Annualised
UAN
16.4%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSV
CSV
UAN
UAN
Revenue
$105.5M
$180.0M
Net Profit
$12.3M
$49.9M
Gross Margin
34.8%
37.5%
Operating Margin
23.3%
32.0%
Net Margin
11.6%
27.7%
Revenue YoY
8.0%
26.0%
Net Profit YoY
24.5%
84.3%
EPS (diluted)
$0.76

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
UAN
UAN
Q1 26
$180.0M
Q4 25
$105.5M
$131.1M
Q3 25
$102.7M
$163.5M
Q2 25
$102.1M
$168.6M
Q1 25
$107.1M
$142.9M
Q4 24
$97.7M
$139.6M
Q3 24
$100.7M
$125.2M
Q2 24
$102.3M
$132.9M
Net Profit
CSV
CSV
UAN
UAN
Q1 26
$49.9M
Q4 25
$12.3M
$-10.3M
Q3 25
$6.6M
$43.1M
Q2 25
$11.7M
$38.8M
Q1 25
$20.9M
$27.1M
Q4 24
$9.9M
$18.3M
Q3 24
$9.9M
$3.8M
Q2 24
$6.3M
$26.2M
Gross Margin
CSV
CSV
UAN
UAN
Q1 26
37.5%
Q4 25
34.8%
4.4%
Q3 25
35.3%
37.0%
Q2 25
35.2%
32.4%
Q1 25
35.3%
29.7%
Q4 24
34.4%
23.8%
Q3 24
35.2%
14.7%
Q2 24
36.2%
30.0%
Operating Margin
CSV
CSV
UAN
UAN
Q1 26
32.0%
Q4 25
23.3%
-2.2%
Q3 25
17.0%
31.0%
Q2 25
23.5%
27.5%
Q1 25
29.5%
24.2%
Q4 24
21.6%
18.4%
Q3 24
22.7%
8.8%
Q2 24
18.0%
25.3%
Net Margin
CSV
CSV
UAN
UAN
Q1 26
27.7%
Q4 25
11.6%
-7.8%
Q3 25
6.4%
26.3%
Q2 25
11.5%
23.0%
Q1 25
19.5%
19.0%
Q4 24
10.1%
13.1%
Q3 24
9.8%
3.0%
Q2 24
6.1%
19.7%
EPS (diluted)
CSV
CSV
UAN
UAN
Q1 26
Q4 25
$0.76
$-0.98
Q3 25
$0.41
$4.08
Q2 25
$0.74
$3.67
Q1 25
$1.34
$2.56
Q4 24
$0.62
$1.73
Q3 24
$0.63
$0.36
Q2 24
$0.40
$2.48

Balance Sheet & Financial Strength

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

Metric
CSV
CSV
UAN
UAN
Cash + ST InvestmentsLiquidity on hand
$1.7M
$128.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
Total Assets
$1.3B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
UAN
UAN
Q1 26
$128.1M
Q4 25
$1.7M
$69.2M
Q3 25
$1.2M
$156.2M
Q2 25
$1.4M
$114.4M
Q1 25
$4.6M
$121.8M
Q4 24
$1.2M
$90.9M
Q3 24
$1.3M
$110.5M
Q2 24
$1.5M
$47.5M
Total Debt
CSV
CSV
UAN
UAN
Q1 26
Q4 25
$569.1M
Q3 25
$569.1M
Q2 25
$569.2M
Q1 25
$569.3M
Q4 24
$568.0M
Q3 24
$547.7M
Q2 24
$547.6M
Stockholders' Equity
CSV
CSV
UAN
UAN
Q1 26
Q4 25
$254.8M
Q3 25
$242.1M
Q2 25
$235.4M
Q1 25
$223.1M
Q4 24
$208.6M
Q3 24
$198.1M
Q2 24
$187.9M
Total Assets
CSV
CSV
UAN
UAN
Q1 26
$1.0B
Q4 25
$1.3B
$969.5M
Q3 25
$1.3B
$1.0B
Q2 25
$1.3B
$998.0M
Q1 25
$1.3B
$1.0B
Q4 24
$1.3B
$1.0B
Q3 24
$1.3B
$986.6M
Q2 24
$1.3B
$959.4M

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
UAN
UAN
Operating Cash FlowLast quarter
$14.1M
Free Cash FlowOCF − Capex
$6.2M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
7.5%
7.6%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
UAN
UAN
Q1 26
Q4 25
$14.1M
$-21.6M
Q3 25
$24.7M
$91.7M
Q2 25
$8.1M
$24.1M
Q1 25
$13.8M
$55.4M
Q4 24
$9.3M
$12.8M
Q3 24
$20.9M
$86.7M
Q2 24
$2.2M
$8.6M
Free Cash Flow
CSV
CSV
UAN
UAN
Q1 26
Q4 25
$6.2M
$-45.2M
Q3 25
$18.0M
$80.1M
Q2 25
$5.2M
$18.4M
Q1 25
$10.6M
$45.5M
Q4 24
$4.9M
$-5.6M
Q3 24
$16.2M
$82.3M
Q2 24
$-1.4M
$2.4M
FCF Margin
CSV
CSV
UAN
UAN
Q1 26
Q4 25
5.9%
-34.5%
Q3 25
17.5%
49.0%
Q2 25
5.1%
10.9%
Q1 25
9.9%
31.9%
Q4 24
5.0%
-4.0%
Q3 24
16.1%
65.7%
Q2 24
-1.4%
1.8%
Capex Intensity
CSV
CSV
UAN
UAN
Q1 26
7.6%
Q4 25
7.5%
18.0%
Q3 25
6.5%
7.1%
Q2 25
2.8%
3.4%
Q1 25
3.0%
6.9%
Q4 24
4.5%
13.1%
Q3 24
4.6%
3.6%
Q2 24
3.5%
4.6%
Cash Conversion
CSV
CSV
UAN
UAN
Q1 26
Q4 25
1.15×
Q3 25
3.76×
2.13×
Q2 25
0.69×
0.62×
Q1 25
0.66×
2.04×
Q4 24
0.94×
0.70×
Q3 24
2.11×
22.78×
Q2 24
0.34×
0.33×

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%

UAN
UAN

Fertilizer sales$166.1M92%
Other$14.0M8%

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