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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $57.2M, roughly 1.8× Vanda Pharmaceuticals Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -246.8%, a 258.4% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 7.6%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-29.5M). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% 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.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
CSV vs VNDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $57.2M |
| Net Profit | $12.3M | $-141.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | -70.5% |
| Net Margin | 11.6% | -246.8% |
| Revenue YoY | 8.0% | 7.6% |
| Net Profit YoY | 24.5% | -2774.3% |
| EPS (diluted) | $0.76 | $-2.40 |
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 | $57.2M | ||
| Q3 25 | $102.7M | $56.3M | ||
| Q2 25 | $102.1M | $52.6M | ||
| Q1 25 | $107.1M | $50.0M | ||
| Q4 24 | $97.7M | $53.2M | ||
| Q3 24 | $100.7M | $47.7M | ||
| Q2 24 | $102.3M | $50.5M | ||
| Q1 24 | $103.5M | $47.5M |
| Q4 25 | $12.3M | $-141.2M | ||
| Q3 25 | $6.6M | $-22.6M | ||
| Q2 25 | $11.7M | $-27.2M | ||
| Q1 25 | $20.9M | $-29.5M | ||
| Q4 24 | $9.9M | $-4.9M | ||
| Q3 24 | $9.9M | $-5.3M | ||
| Q2 24 | $6.3M | $-4.5M | ||
| Q1 24 | $7.0M | $-4.1M |
| 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% | — |
| Q4 25 | 23.3% | -70.5% | ||
| Q3 25 | 17.0% | -55.6% | ||
| Q2 25 | 23.5% | -73.2% | ||
| Q1 25 | 29.5% | -82.0% | ||
| Q4 24 | 21.6% | -19.3% | ||
| Q3 24 | 22.7% | -23.1% | ||
| Q2 24 | 18.0% | -20.1% | ||
| Q1 24 | 18.8% | -19.5% |
| Q4 25 | 11.6% | -246.8% | ||
| Q3 25 | 6.4% | -40.1% | ||
| Q2 25 | 11.5% | -51.7% | ||
| Q1 25 | 19.5% | -58.9% | ||
| Q4 24 | 10.1% | -9.2% | ||
| Q3 24 | 9.8% | -11.2% | ||
| Q2 24 | 6.1% | -9.0% | ||
| Q1 24 | 6.7% | -8.7% |
| Q4 25 | $0.76 | $-2.40 | ||
| Q3 25 | $0.41 | $-0.38 | ||
| Q2 25 | $0.74 | $-0.46 | ||
| Q1 25 | $1.34 | $-0.50 | ||
| Q4 24 | $0.62 | $-0.09 | ||
| Q3 24 | $0.63 | $-0.09 | ||
| Q2 24 | $0.40 | $-0.08 | ||
| Q1 24 | $0.45 | $-0.07 |
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 | $84.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $254.8M | $327.2M |
| Total Assets | $1.3B | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $84.9M | ||
| Q3 25 | $1.2M | $70.0M | ||
| Q2 25 | $1.4M | $81.0M | ||
| Q1 25 | $4.6M | $111.8M | ||
| Q4 24 | $1.2M | $102.3M | ||
| Q3 24 | $1.3M | $100.5M | ||
| Q2 24 | $1.5M | $103.0M | ||
| Q1 24 | $1.7M | $125.2M |
| Q4 25 | $254.8M | $327.2M | ||
| Q3 25 | $242.1M | $466.0M | ||
| Q2 25 | $235.4M | $486.3M | ||
| Q1 25 | $223.1M | $511.4M | ||
| Q4 24 | $208.6M | $538.5M | ||
| Q3 24 | $198.1M | $541.2M | ||
| Q2 24 | $187.9M | $542.5M | ||
| Q1 24 | $179.6M | $544.0M |
| Q4 25 | $1.3B | $488.9M | ||
| Q3 25 | $1.3B | $601.1M | ||
| Q2 25 | $1.3B | $624.7M | ||
| Q1 25 | $1.3B | $631.9M | ||
| Q4 24 | $1.3B | $656.2M | ||
| Q3 24 | $1.3B | $645.1M | ||
| Q2 24 | $1.3B | $651.4M | ||
| Q1 24 | $1.3B | $652.7M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | $6.2M | $-29.5M |
| FCF MarginFCF / Revenue | 5.9% | -51.6% |
| Capex IntensityCapex / Revenue | 7.5% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $-29.4M | ||
| Q3 25 | $24.7M | $-31.6M | ||
| Q2 25 | $8.1M | $-15.3M | ||
| Q1 25 | $13.8M | $-33.1M | ||
| Q4 24 | $9.3M | $-1.8M | ||
| Q3 24 | $20.9M | $-14.6M | ||
| Q2 24 | $2.2M | $-6.9M | ||
| Q1 24 | $19.7M | $7.6M |
| Q4 25 | $6.2M | $-29.5M | ||
| Q3 25 | $18.0M | $-31.8M | ||
| Q2 25 | $5.2M | $-15.6M | ||
| Q1 25 | $10.6M | $-33.6M | ||
| Q4 24 | $4.9M | $-2.0M | ||
| Q3 24 | $16.2M | $-14.7M | ||
| Q2 24 | $-1.4M | $-7.0M | ||
| Q1 24 | $16.2M | $7.6M |
| Q4 25 | 5.9% | -51.6% | ||
| Q3 25 | 17.5% | -56.5% | ||
| Q2 25 | 5.1% | -29.6% | ||
| Q1 25 | 9.9% | -67.1% | ||
| Q4 24 | 5.0% | -3.8% | ||
| Q3 24 | 16.1% | -30.9% | ||
| Q2 24 | -1.4% | -13.9% | ||
| Q1 24 | 15.6% | 15.9% |
| Q4 25 | 7.5% | 0.2% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 2.8% | 0.6% | ||
| Q1 25 | 3.0% | 0.9% | ||
| Q4 24 | 4.5% | 0.4% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 3.5% | 0.2% | ||
| Q1 24 | 3.4% | 0.0% |
| 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% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
