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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and UPWORK, INC (UPWK). Click either name above to swap in a different company.
UPWORK, INC is the larger business by last-quarter revenue ($198.4M vs $105.5M, roughly 1.9× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 7.9%, a 3.8% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 3.6%). UPWORK, INC produced more free cash flow last quarter ($63.2M vs $6.2M). Over the past eight quarters, UPWORK, INC's revenue compounded faster (1.9% 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.
Upwork Inc. is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.
CSV vs UPWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $198.4M |
| Net Profit | $12.3M | $15.6M |
| Gross Margin | 34.8% | 78.0% |
| Operating Margin | 23.3% | 14.3% |
| Net Margin | 11.6% | 7.9% |
| Revenue YoY | 8.0% | 3.6% |
| Net Profit YoY | 24.5% | -89.4% |
| EPS (diluted) | $0.76 | $0.12 |
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 | $198.4M | ||
| Q3 25 | $102.7M | $201.7M | ||
| Q2 25 | $102.1M | $194.9M | ||
| Q1 25 | $107.1M | $192.7M | ||
| Q4 24 | $97.7M | $191.5M | ||
| Q3 24 | $100.7M | $193.8M | ||
| Q2 24 | $102.3M | $193.1M | ||
| Q1 24 | $103.5M | $190.9M |
| Q4 25 | $12.3M | $15.6M | ||
| Q3 25 | $6.6M | $29.3M | ||
| Q2 25 | $11.7M | $32.7M | ||
| Q1 25 | $20.9M | $37.7M | ||
| Q4 24 | $9.9M | $147.2M | ||
| Q3 24 | $9.9M | $27.8M | ||
| Q2 24 | $6.3M | $22.2M | ||
| Q1 24 | $7.0M | $18.4M |
| Q4 25 | 34.8% | 78.0% | ||
| Q3 25 | 35.3% | 77.3% | ||
| Q2 25 | 35.2% | 77.7% | ||
| Q1 25 | 35.3% | 78.3% | ||
| Q4 24 | 34.4% | 77.7% | ||
| Q3 24 | 35.2% | 77.6% | ||
| Q2 24 | 36.2% | 77.3% | ||
| Q1 24 | 36.0% | 76.9% |
| Q4 25 | 23.3% | 14.3% | ||
| Q3 25 | 17.0% | 14.8% | ||
| Q2 25 | 23.5% | 16.7% | ||
| Q1 25 | 29.5% | 20.1% | ||
| Q4 24 | 21.6% | 7.1% | ||
| Q3 24 | 22.7% | 10.7% | ||
| Q2 24 | 18.0% | 9.2% | ||
| Q1 24 | 18.8% | 6.8% |
| Q4 25 | 11.6% | 7.9% | ||
| Q3 25 | 6.4% | 14.5% | ||
| Q2 25 | 11.5% | 16.8% | ||
| Q1 25 | 19.5% | 19.6% | ||
| Q4 24 | 10.1% | 76.9% | ||
| Q3 24 | 9.8% | 14.3% | ||
| Q2 24 | 6.1% | 11.5% | ||
| Q1 24 | 6.7% | 9.7% |
| Q4 25 | $0.76 | $0.12 | ||
| Q3 25 | $0.41 | $0.21 | ||
| Q2 25 | $0.74 | $0.24 | ||
| Q1 25 | $1.34 | $0.27 | ||
| Q4 24 | $0.62 | $1.02 | ||
| Q3 24 | $0.63 | $0.20 | ||
| Q2 24 | $0.40 | $0.17 | ||
| Q1 24 | $0.45 | $0.13 |
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 | $672.8M |
| Total DebtLower is stronger | — | $359.8M |
| Stockholders' EquityBook value | $254.8M | $630.3M |
| Total Assets | $1.3B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $672.8M | ||
| Q3 25 | $1.2M | $643.1M | ||
| Q2 25 | $1.4M | $634.6M | ||
| Q1 25 | $4.6M | $622.1M | ||
| Q4 24 | $1.2M | $622.1M | ||
| Q3 24 | $1.3M | $601.2M | ||
| Q2 24 | $1.5M | $497.7M | ||
| Q1 24 | $1.7M | $490.6M |
| Q4 25 | — | $359.8M | ||
| Q3 25 | — | $359.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $357.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $254.8M | $630.3M | ||
| Q3 25 | $242.1M | $628.1M | ||
| Q2 25 | $235.4M | $608.7M | ||
| Q1 25 | $223.1M | $594.3M | ||
| Q4 24 | $208.6M | $575.4M | ||
| Q3 24 | $198.1M | $411.2M | ||
| Q2 24 | $187.9M | $361.1M | ||
| Q1 24 | $179.6M | $348.9M |
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.3B | $1.0B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.7M |
| Free Cash FlowOCF − Capex | $6.2M | $63.2M |
| FCF MarginFCF / Revenue | 5.9% | 31.9% |
| Capex IntensityCapex / Revenue | 7.5% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.15× | 4.07× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $242.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $63.7M | ||
| Q3 25 | $24.7M | $75.1M | ||
| Q2 25 | $8.1M | $72.5M | ||
| Q1 25 | $13.8M | $37.0M | ||
| Q4 24 | $9.3M | $38.6M | ||
| Q3 24 | $20.9M | $61.0M | ||
| Q2 24 | $2.2M | $39.2M | ||
| Q1 24 | $19.7M | $14.8M |
| Q4 25 | $6.2M | $63.2M | ||
| Q3 25 | $18.0M | $74.6M | ||
| Q2 25 | $5.2M | $70.1M | ||
| Q1 25 | $10.6M | $34.5M | ||
| Q4 24 | $4.9M | $37.0M | ||
| Q3 24 | $16.2M | $59.8M | ||
| Q2 24 | $-1.4M | $38.6M | ||
| Q1 24 | $16.2M | $14.6M |
| Q4 25 | 5.9% | 31.9% | ||
| Q3 25 | 17.5% | 37.0% | ||
| Q2 25 | 5.1% | 36.0% | ||
| Q1 25 | 9.9% | 17.9% | ||
| Q4 24 | 5.0% | 19.3% | ||
| Q3 24 | 16.1% | 30.8% | ||
| Q2 24 | -1.4% | 20.0% | ||
| Q1 24 | 15.6% | 7.7% |
| Q4 25 | 7.5% | 0.2% | ||
| Q3 25 | 6.5% | 0.2% | ||
| Q2 25 | 2.8% | 1.2% | ||
| Q1 25 | 3.0% | 1.3% | ||
| Q4 24 | 4.5% | 0.8% | ||
| Q3 24 | 4.6% | 0.6% | ||
| Q2 24 | 3.5% | 0.3% | ||
| Q1 24 | 3.4% | 0.1% |
| Q4 25 | 1.15× | 4.07× | ||
| Q3 25 | 3.76× | 2.56× | ||
| Q2 25 | 0.69× | 2.22× | ||
| Q1 25 | 0.66× | 0.98× | ||
| Q4 24 | 0.94× | 0.26× | ||
| Q3 24 | 2.11× | 2.20× | ||
| Q2 24 | 0.34× | 1.76× | ||
| Q1 24 | 2.83× | 0.80× |
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% |
UPWK
Segment breakdown not available.
