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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -15.7%, a 27.3% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -10.2%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-58.3M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs -3.4%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
CSV vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $183.8M |
| Net Profit | $12.3M | $-28.9M |
| Gross Margin | 34.8% | 14.3% |
| Operating Margin | 23.3% | -0.9% |
| Net Margin | 11.6% | -15.7% |
| Revenue YoY | 8.0% | -10.2% |
| Net Profit YoY | 24.5% | 67.0% |
| 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 | $183.8M | ||
| Q3 25 | $102.7M | $185.5M | ||
| Q2 25 | $102.1M | $189.6M | ||
| Q1 25 | $107.1M | $177.5M | ||
| Q4 24 | $97.7M | $204.8M | ||
| Q3 24 | $100.7M | $193.9M | ||
| Q2 24 | $102.3M | $196.3M | ||
| Q1 24 | $103.5M | $197.1M |
| Q4 25 | $12.3M | $-28.9M | ||
| Q3 25 | $6.6M | $-83.7M | ||
| Q2 25 | $11.7M | $-82.3M | ||
| Q1 25 | $20.9M | $-99.3M | ||
| Q4 24 | $9.9M | $-87.5M | ||
| Q3 24 | $9.9M | $-57.7M | ||
| Q2 24 | $6.3M | $-97.0M | ||
| Q1 24 | $7.0M | $-97.4M |
| Q4 25 | 34.8% | 14.3% | ||
| Q3 25 | 35.3% | 6.8% | ||
| Q2 25 | 35.2% | 8.3% | ||
| Q1 25 | 35.3% | 10.8% | ||
| Q4 24 | 34.4% | 13.9% | ||
| Q3 24 | 35.2% | 13.9% | ||
| Q2 24 | 36.2% | 2.3% | ||
| Q1 24 | 36.0% | -0.6% |
| Q4 25 | 23.3% | -0.9% | ||
| Q3 25 | 17.0% | -33.1% | ||
| Q2 25 | 23.5% | -31.4% | ||
| Q1 25 | 29.5% | -45.5% | ||
| Q4 24 | 21.6% | -26.0% | ||
| Q3 24 | 22.7% | -21.6% | ||
| Q2 24 | 18.0% | -40.3% | ||
| Q1 24 | 18.8% | -42.9% |
| Q4 25 | 11.6% | -15.7% | ||
| Q3 25 | 6.4% | -45.1% | ||
| Q2 25 | 11.5% | -43.4% | ||
| Q1 25 | 19.5% | -55.9% | ||
| Q4 24 | 10.1% | -42.7% | ||
| Q3 24 | 9.8% | -29.8% | ||
| Q2 24 | 6.1% | -49.4% | ||
| Q1 24 | 6.7% | -49.4% |
| Q4 25 | $0.76 | $-0.04 | ||
| Q3 25 | $0.41 | $-0.12 | ||
| Q2 25 | $0.74 | $-0.12 | ||
| Q1 25 | $1.34 | $-0.14 | ||
| Q4 24 | $0.62 | $-0.13 | ||
| Q3 24 | $0.63 | $-0.08 | ||
| Q2 24 | $0.40 | $-0.14 | ||
| Q1 24 | $0.45 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $254.8M | $-392.1M |
| Total Assets | $1.3B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $133.9M | ||
| Q3 25 | $1.2M | $125.3M | ||
| Q2 25 | $1.4M | $107.0M | ||
| Q1 25 | $4.6M | $171.8M | ||
| Q4 24 | $1.2M | $216.4M | ||
| Q3 24 | $1.3M | $115.9M | ||
| Q2 24 | $1.5M | $141.5M | ||
| Q1 24 | $1.7M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $254.8M | $-392.1M | ||
| Q3 25 | $242.1M | $-374.5M | ||
| Q2 25 | $235.4M | $-347.8M | ||
| Q1 25 | $223.1M | $-288.1M | ||
| Q4 24 | $208.6M | $-202.1M | ||
| Q3 24 | $198.1M | $-117.7M | ||
| Q2 24 | $187.9M | $-72.2M | ||
| Q1 24 | $179.6M | $936.0K |
| Q4 25 | $1.3B | $968.8M | ||
| Q3 25 | $1.3B | $973.0M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $6.2M | $-58.3M |
| FCF MarginFCF / Revenue | 5.9% | -31.7% |
| Capex IntensityCapex / Revenue | 7.5% | 21.7% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-18.4M | ||
| Q3 25 | $24.7M | $-37.1M | ||
| Q2 25 | $8.1M | $-62.9M | ||
| Q1 25 | $13.8M | $-47.9M | ||
| Q4 24 | $9.3M | $37.9M | ||
| Q3 24 | $20.9M | $-16.9M | ||
| Q2 24 | $2.2M | $-25.2M | ||
| Q1 24 | $19.7M | $-73.8M |
| Q4 25 | $6.2M | $-58.3M | ||
| Q3 25 | $18.0M | $-60.4M | ||
| Q2 25 | $5.2M | $-78.6M | ||
| Q1 25 | $10.6M | $-62.6M | ||
| Q4 24 | $4.9M | $-70.2M | ||
| Q3 24 | $16.2M | $-21.9M | ||
| Q2 24 | $-1.4M | $-30.8M | ||
| Q1 24 | $16.2M | $-77.8M |
| Q4 25 | 5.9% | -31.7% | ||
| Q3 25 | 17.5% | -32.6% | ||
| Q2 25 | 5.1% | -41.5% | ||
| Q1 25 | 9.9% | -35.3% | ||
| Q4 24 | 5.0% | -34.3% | ||
| Q3 24 | 16.1% | -11.3% | ||
| Q2 24 | -1.4% | -15.7% | ||
| Q1 24 | 15.6% | -39.5% |
| Q4 25 | 7.5% | 21.7% | ||
| Q3 25 | 6.5% | 12.5% | ||
| Q2 25 | 2.8% | 8.3% | ||
| Q1 25 | 3.0% | 8.3% | ||
| Q4 24 | 4.5% | 52.8% | ||
| Q3 24 | 4.6% | 2.6% | ||
| Q2 24 | 3.5% | 2.9% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 2.83× | — |
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% |
UP
Segment breakdown not available.
