CSV
Carriage Services, Inc.
CSV has a slight edge over NIO overall, supported by stronger valuation and lower modeled downside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CSV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
CSV's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
CSV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.5x | $27.90 | — |
| Current | 9.5x | $27.90 | — |
| Cheap | 12x | $35.73 | +28% |
| Fair | 16x | $45.74 | +64% |
| Expensive | 40x | $116 | +317% |
Historical ranges are pointers, not guarantees.
CSV's PE is in its cheap range at 9.5x. On analysts' estimates for next year's earnings, today's price would be 8.5x.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
CSV Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect CSV's profitability to weaken, with its earnings and revenue holding steady. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over CSV on the outlook, with more favorable earnings and revenue expectations.
CSV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.28 | +12% |
| Q3 2026 | $2.93 | -5.8% |
| Q2 2026 | $2.78 | -17% |
| Q1 2026 | $2.75 | -8% |
| Q4 2025 | $3.25 | +55% |
| Q3 2025 | $3.11 | +40% |
| Q2 2025 | $3.33 | +76% |
| Q1 2025 | $2.99 | +48% |
| Q4 2024 | $2.10 | -1.9% |
CSV has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
CSV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100.3M | -2.4% |
| Q2 2026 | $102.9M | +0.8% |
| Q1 2026 | $106.1M | -0.9% |
| Q4 2025 | $105.5M | +8% |
| Q3 2025 | $102.7M | +2% |
| Q2 2025 | $102.1M | -0.2% |
| Q1 2025 | $107.1M | +3.5% |
| Q4 2024 | $97.7M | -1.1% |
CSV's revenue grew through 2023 and has held roughly level since: $100M last quarter, down 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.3 points |
| Q2 2026 | 23% | -0.2 points |
| Q1 2026 | 24% | -5.7 points |
| Q4 2025 | 23% | +1.8 points |
| Q3 2025 | 17% | -5.7 points |
| Q2 2025 | 23% | +5.5 points |
| Q1 2025 | 29% | +11 points |
| Q4 2024 | 22% | -2.6 points |
CSV has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over CSV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
CSV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.9M | +5.1% |
| Q2 2026 | $2.2M | -58% |
| Q1 2026 | $11M | +3.5% |
| Q4 2025 | $6.2M | +27% |
| Q3 2025 | $18M | +11% |
| Q2 2025 | $5.2M | +$6.6M |
| Q1 2025 | $10.6M | -34% |
| Q4 2024 | $4.9M | -44% |
CSV has the edge over NIO on cash flow, with more consistent year-over-year improvement.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
CSV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -87K shares |
| 1 year | +0.1% | +23K shares |
| 3 years | +1.6% | +241K shares |
| 5 years | -14% | -2.5M shares |
| Available history | -12% | -2.3M shares |
CSV has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $11M |
| Q1 2022 | $25.7M |
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
CSV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | 0.0x | Very low |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.0x | Very low |
CSV has more cash than debt.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CSV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.6 | Neutral |
| Stochastic | 19.8 | Oversold |
CSV's weekly RSI is 34 (neutral) and its Stochastic is 20 (oversold).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
CSV PE vs Consumer Cyclical Sector
| Metric | CSV | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 18x | 47% below |
| PE % | 2 | 47 | 45 pts below |
CSV is trading at 9.5x earnings, a 47% discount to the Consumer Cyclical sector's median of 18x.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
CSV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.4 | 14% below |
| 20 week MA | $34.5 | 19% below |
| 50 week MA | $40.0 | 30% below |
| 100 week MA | $41.2 | 32% below |
| 200 week MA | $35.2 | 21% below |
CSV is in a downtrend: it's below all five of its weekly moving averages, and 21% below its 200-week average.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
CSV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $30.8 | +20% |
| 2021 | $30.8 | $62.7 | +103% |
| 2022 | $62.7 | $27.5 | -56% |
| 2023 | $27.5 | $25.0 | -9% |
| 2024 | $25.0 | $39.9 | +59% |
| 2025 | $39.9 | $42.1 | +5.6% |
| 2026 YTD | $42.1 | $27.9 | -34% |
CSV has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.