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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Varex Imaging Corp (VREX). Click either name above to swap in a different company.
Varex Imaging Corp is the larger business by last-quarter revenue ($209.6M vs $105.5M, roughly 2.0× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 1.1%, a 10.5% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs 4.9%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-26.8M). Over the past eight quarters, CARRIAGE SERVICES INC's revenue compounded faster (1.0% CAGR vs 0.8%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Varex Imaging Corp is a global supplier of advanced imaging components and solutions, including X-ray tubes, digital flat panel detectors, and image processing software. Its products serve medical imaging, radiation oncology, and industrial non-destructive testing segments, with customers across key global markets.
CSV vs VREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $209.6M |
| Net Profit | $12.3M | $2.3M |
| Gross Margin | 34.8% | 33.3% |
| Operating Margin | 23.3% | 7.3% |
| Net Margin | 11.6% | 1.1% |
| Revenue YoY | 8.0% | 4.9% |
| Net Profit YoY | 24.5% | 866.7% |
| EPS (diluted) | $0.76 | $0.05 |
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.
| Q1 26 | — | $209.6M | ||
| Q4 25 | $105.5M | $228.9M | ||
| Q3 25 | $102.7M | $203.0M | ||
| Q2 25 | $102.1M | $212.9M | ||
| Q1 25 | $107.1M | $199.8M | ||
| Q4 24 | $97.7M | — | ||
| Q3 24 | $100.7M | $205.7M | ||
| Q2 24 | $102.3M | $209.1M |
| Q1 26 | — | $2.3M | ||
| Q4 25 | $12.3M | $12.2M | ||
| Q3 25 | $6.6M | $-89.1M | ||
| Q2 25 | $11.7M | $6.9M | ||
| Q1 25 | $20.9M | $-300.0K | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.9M | $-51.1M | ||
| Q2 24 | $6.3M | $1.4M |
| Q1 26 | — | 33.3% | ||
| Q4 25 | 34.8% | 34.0% | ||
| Q3 25 | 35.3% | 33.3% | ||
| Q2 25 | 35.2% | 36.0% | ||
| Q1 25 | 35.3% | 34.3% | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 35.2% | 32.6% | ||
| Q2 24 | 36.2% | 32.0% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 23.3% | 8.6% | ||
| Q3 25 | 17.0% | -39.8% | ||
| Q2 25 | 23.5% | 10.4% | ||
| Q1 25 | 29.5% | 5.6% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | 5.3% | ||
| Q2 24 | 18.0% | 4.4% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 11.6% | 5.3% | ||
| Q3 25 | 6.4% | -43.9% | ||
| Q2 25 | 11.5% | 3.2% | ||
| Q1 25 | 19.5% | -0.2% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 9.8% | -24.8% | ||
| Q2 24 | 6.1% | 0.7% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.76 | $0.29 | ||
| Q3 25 | $0.41 | $-2.15 | ||
| Q2 25 | $0.74 | $0.17 | ||
| Q1 25 | $1.34 | $-0.01 | ||
| Q4 24 | $0.62 | — | ||
| Q3 24 | $0.63 | $-1.25 | ||
| Q2 24 | $0.40 | $0.03 |
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 | $125.6M |
| Total DebtLower is stronger | — | $367.6M |
| Stockholders' EquityBook value | $254.8M | $476.9M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $125.6M | ||
| Q4 25 | $1.7M | $155.1M | ||
| Q3 25 | $1.2M | $152.6M | ||
| Q2 25 | $1.4M | $223.0M | ||
| Q1 25 | $4.6M | $212.6M | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $1.3M | $200.5M | ||
| Q2 24 | $1.5M | $190.0M |
| Q1 26 | — | $367.6M | ||
| Q4 25 | — | $367.5M | ||
| Q3 25 | — | $367.5M | ||
| Q2 25 | — | $567.2M | ||
| Q1 25 | — | $567.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $443.4M | ||
| Q2 24 | — | $443.1M |
| Q1 26 | — | $476.9M | ||
| Q4 25 | $254.8M | $472.6M | ||
| Q3 25 | $242.1M | $455.3M | ||
| Q2 25 | $235.4M | $549.7M | ||
| Q1 25 | $223.1M | $540.2M | ||
| Q4 24 | $208.6M | — | ||
| Q3 24 | $198.1M | $529.1M | ||
| Q2 24 | $187.9M | $581.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | 0.77× | ||
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.76× |
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 | $-16.1M |
| Free Cash FlowOCF − Capex | $6.2M | $-26.8M |
| FCF MarginFCF / Revenue | 5.9% | -12.8% |
| Capex IntensityCapex / Revenue | 7.5% | 5.1% |
| Cash ConversionOCF / Net Profit | 1.15× | -7.00× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $-13.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-16.1M | ||
| Q4 25 | $14.1M | $7.9M | ||
| Q3 25 | $24.7M | $7.7M | ||
| Q2 25 | $8.1M | $16.6M | ||
| Q1 25 | $13.8M | $9.5M | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $20.9M | $25.9M | ||
| Q2 24 | $2.2M | $8.0M |
| Q1 26 | — | $-26.8M | ||
| Q4 25 | $6.2M | $2.3M | ||
| Q3 25 | $18.0M | $1.4M | ||
| Q2 25 | $5.2M | $9.8M | ||
| Q1 25 | $10.6M | $5.3M | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | $19.9M | ||
| Q2 24 | $-1.4M | $3.3M |
| Q1 26 | — | -12.8% | ||
| Q4 25 | 5.9% | 1.0% | ||
| Q3 25 | 17.5% | 0.7% | ||
| Q2 25 | 5.1% | 4.6% | ||
| Q1 25 | 9.9% | 2.7% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | 9.7% | ||
| Q2 24 | -1.4% | 1.6% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 7.5% | 2.4% | ||
| Q3 25 | 6.5% | 3.1% | ||
| Q2 25 | 2.8% | 3.2% | ||
| Q1 25 | 3.0% | 2.1% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | 2.9% | ||
| Q2 24 | 3.5% | 2.2% |
| Q1 26 | — | -7.00× | ||
| Q4 25 | 1.15× | 0.65× | ||
| Q3 25 | 3.76× | — | ||
| Q2 25 | 0.69× | 2.41× | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.34× | 5.71× |
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% |
VREX
| Medical Segment | $144.8M | 69% |
| Industrial Segment | $64.8M | 31% |
