Loading…
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; cremation services; and related funeral merchandise, as well as engages in the sale of caskets and urns. The Cemetery Operations segment sells interment rights for grave sites, lawn crypts, mausoleum spaces, and niches; related cemetery merchandise, including memorial markers, outer burial containers, and monuments; and interments, inurnments, and installation of cemetery merchandise services. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $417M | $124M | $52M | $-19M | 20.2% | 3.3% | 56.3% |
| 2024 | $404M | $106M | $33M | $36M | 15.8% | 5.7% | -1.4% |
| 2023 | $383M | $105M | $33M | $13M | 19.3% | 3.3% | -19.3% |
| 2022 | $370M | $104M | $41M | $1M | 30.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 370.17 | 382.52 | 404.20 | 417.44 |
| Cost Of Revenue | 250.95 | 258.23 | 260.81 | 270.76 |
| Gross Profit | 119.23 | 124.30 | 143.39 | 146.68 |
| Operating Expense | 37.47 | 42.12 | 59.01 | 48.65 |
| Operating Income | 81.75 | 82.17 | 84.38 | 98.03 |
| EBITDA | 104.17 | 105.21 | 106.40 | 124.34 |
| EBIT | 83.09 | 82.69 | 82.16 | 98.63 |
| Pretax Income | 57.19 | 46.43 | 50.08 | 70.26 |
| Tax Provision | 15.81 | 13.02 | 17.13 | 18.76 |
| Net Income | 41.38 | 33.41 | 32.95 | 51.51 |
| Net Income Common Stockholders | 41.35 | 33.11 | 32.52 | 50.82 |
| Total Expenses | 288.42 | 300.35 | 319.82 | 319.41 |
| Interest Expense | 25.89 | 36.27 | 32.08 | 28.36 |
| Selling General And Administration | 37.47 | 42.12 | 59.01 | 48.65 |
| Normalized EBITDA | 102.92 | 106.06 | 108.56 | 124.71 |
| Normalized Income | 40.47 | 34.02 | 34.38 | 51.78 |
| Basic EPS | 2.78 | 2.24 | 2.17 | 3.29 |
| Diluted EPS | 2.63 | 2.14 | 2.10 | 3.25 |
| Tax Effect Of Unusual Items | 0.35 | -0.24 | -0.74 | -0.10 |
| Tax Rate For Calcs | 0.28 | 0.28 | 0.34 | 0.27 |
| Total Unusual Items | 1.25 | -0.85 | -2.16 | -0.37 |
| Total Unusual Items Excluding Goodwill | 1.25 | -0.85 | -2.16 | -0.37 |
| Net Income From Continuing Operation Net Minority Interest | 41.38 | 33.41 | 32.95 | 51.51 |
| Reconciled Depreciation | 21.09 | 22.52 | 24.25 | 25.71 |
| Reconciled Cost Of Revenue | 250.95 | 258.23 | 260.81 | 270.76 |
| Net Interest Income | -25.89 | -36.27 | -32.08 | -28.36 |
| Net Income From Continuing And Discontinued Operation | 41.38 | 33.41 | 32.95 | 51.51 |
| Total Operating Income As Reported | 79.73 | 80.98 | 81.80 | 97.66 |
| Diluted Average Shares | 15.71 | 15.46 | 15.44 | 15.63 |
| Basic Average Shares | 14.86 | 14.80 | 14.97 | 15.43 |
| Diluted NI Availto Com Stockholders | 41.35 | 33.11 | 32.52 | 50.82 |
| Otherunder Preferred Stock Dividend | 0.03 | 0.31 | 0.43 | 0.69 |
| Net Income Including Noncontrolling Interests | 41.38 | 33.41 | 32.95 | 51.51 |
| Net Income Continuous Operations | 41.38 | 33.41 | 32.95 | 51.51 |
| Other Income Expense | 1.33 | 0.53 | -2.22 | 0.60 |
| Other Non Operating Income Expenses | 0.08 | 1.37 | -0.06 | 0.97 |
| Special Income Charges | 1.25 | -0.85 | -2.16 | -0.37 |
| Gain On Sale Of Ppe | -0.21 | -0.63 | -0.72 | -0.06 |
| Gain On Sale Of Business | -2.03 | -1.19 | -1.22 | 1.45 |
| Other Special Charges | -3.28 | -0.34 | -0.42 | 0 |
| Impairment Of Capital Assets | 2.36 | 0.45 | 0.64 | 1.76 |
| Net Non Operating Interest Income Expense | -25.89 | -36.27 | -32.08 | -28.36 |
| Interest Expense Non Operating | 25.89 | 36.27 | 32.08 | 28.36 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0 | 0 |
| General And Administrative Expense | 37.47 | 42.12 | 59.01 | 48.65 |
| Other Gand A | 37.47 | 42.12 | 59.01 | 48.65 |
| Operating Revenue | 343.24 | 351.66 | 369.98 | 379.78 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Carriage Services, Inc.this co. | CSV | $780M | 15.13↓ discount | 3.04 | 20.2% | 10.89 |
| BJ's Restaurants, Inc. | BJRI | $839M | 16.44 | 2.19 | 13.3% | 9.82 |
| Sweetgreen, Inc. | SG | $803M | - | 2.25 | -37.6% | -17.31 |
| Petco Health and Wellness Company, Inc. | WOOF | $796M | 93.33 | 0.68 | 0.8% | 10.74 |
| First Watch Restaurant Group, Inc. | FWRG |
| $796M |
| 41.65 |
| 1.26 |
| 3.1% |
| 16.34 |
| Solid Power, Inc. | SLDP | $752M | - | 1.62 | -22.4% | -6.08 |
| Myers Industries, Inc. | MYE | $745M | 21.41 | 2.53 | 11.9% | 8.70 |
| Arko Corp. | ARKO | $706M | 41.93 | 2.61 | 6.2% | 13.13 |
| American Woodmark Corporation | AMWD | $663M | 6.65 | 0.72 | 10.9% | 5.83 |
| Peer Median | - | 31.53 | 1.91 | 4.6% | 9.26 | |