CARRIAGE SERVICES INC CSV

Consumer discretionary SIC 7200 - Services-Personal Services NAICS Other Services (except Public Administration) › Personal and Laundry Services derived NYSE

Carriage Services, Inc. ("Carriage," the "Company," "we," "us," or "our") was incorporated in the State of Delaware in December 1993 and is a leading provider of funeral and cemetery services and merchandise in the United States ("U.S."). We operate in two business segments: Funeral Home Operations, which currently accounts for approximately 65% of our total revenue, and Cemetery Operations, which currently accounts for approximately 35% of our total revenue.

At December 31, 2025, we operated 155 funeral homes in 24 states and 28 cemeteries in 9 states. We compete with other publicly held and independent operators of funeral and cemetery companies. We believe we are a market leader in most of our markets.

Last close 35.41 2026-10-23
Market cap $562.4M 2026-06-30 share count
52-week range 30.11 - 52.10

Valuation FY2025 figures against the last close

P/S1.3x
P/E10.9x
P/FCF14.0x
EV/EBITDA4.6x
Dividend yield1.2%
Diluted EPS3.25

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $417.4M$404.2M$382.5M$370.2M$375.9M$329.4M$274.1M$268.0M$258.1M$248.2M
Cost of revenue $270.8M$260.8M$258.2M$250.9M$246.4M$223.5M$194.5M$192.0M$181.3M$168.6M
Gross profit $146.7M$143.4M$124.3M$119.2M$129.5M$105.9M$79.6M$75.9M$76.8M$79.7M
SG&A $48.6M$59.0M$42.1M$37.5M$35.2M$27.3M$25.9M$30.8M$26.3M$27.9M
Total operating expenses ——————$27.3M$32.6M$27.9M$29.4M
Operating income $97.7M$81.8M$81.0M$79.7M$93.7M$57.2M$47.4M$42.1M$48.9M$50.2M
Interest expense $28.4M$32.1M$36.3M$25.9M$25.4M$32.5M$25.5M$21.1M$12.9M$11.7M
Pre-tax income $70.3M$50.1M$46.4M$57.2M$44.3M$24.6M$22.4M$18.3M$32.8M$32.2M
Income tax $18.8M$17.1M$13.0M$16.2M$12.3M$8.0M$7.4M$5.8M$13.1M$12.7M
Net income $51.5M$33.0M$33.4M$41.4M$33.2M$16.1M$14.5M$11.6M$37.2M$19.6M
EPS, basic 3.292.172.242.781.900.900.810.642.251.18
EPS, diluted 3.252.102.142.631.810.890.800.632.091.12
Shares, diluted (wtd. avg.) 15.6M15.4M15.5M15.7M18.3M18.1M18.0M18.4M17.7M17.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.7M$1.2M$1.5M$1.2M$1.1M$889.0K$716.0K$644.0K$952.0K$952.0K
Receivables $40.6M$30.2M$27.1M$24.5M$25.3M$25.1M$21.5M$18.9M$19.7M$18.9M
Inventory $7.8M$7.9M$8.3M$7.6M$7.3M$7.3M$7.0M$6.8M$6.5M$6.1M
Total current assets $56.1M$44.5M$41.7M$38.0M$40.2M$35.3M$39.9M$29.3M$30.1M$33.0M
Property, plant and equipment $286.8M$273.0M$287.5M$278.1M$269.4M$269.1M$279.2M$260.8M$247.3M$235.1M
Goodwill $427.9M$414.9M$423.6M$410.1M$392.0M$392.0M$393.0M$398.3M$303.9M$288.0M
Total assets $1.35B$1.28B$1.27B$1.19B$1.18B$1.18B$1.15B$1.13B$917.5M$921.5M
Accounts payable $19.0M$15.4M$11.9M$11.7M$14.2M$11.3M$8.4M$10.0M$6.5M$10.2M
Short-term debt $607.0K$571.0K$537.0K$555.0K$521.0K$1.0M$1.3M$2.0M$16.9M$13.0M
Total current liabilities $57.2M$58.0M$51.1M$45.5M$60.8M$48.4M$35.6M$35.0M$42.7M$44.3M
Long-term debt $5.6M$4.9M$5.5M$3.4M$4.0M$4.5M$5.7M$33.1M$212.2M$204.4M
Total liabilities $1.09B$1.07B$1.09B$1.06B$1.05B$905.3M$903.2M$696.0M$723.9M$709.3M
Retained earnings $294.7M$243.2M$210.3M$176.8M$135.5M$102.3M$86.2M$71.7M$57.9M$20.7M
Total equity $254.8M$208.6M$173.1M$137.1M$128.0M$240.5M$226.6M$221.5M$197.7M$175.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $60.7M$52.0M$75.6M$61.0M$84.2M$82.9M$43.2M$49.0M$45.2M$50.0M
Depreciation and amortisation $24.5M$22.9M$21.1M$19.8M$20.5M$19.4M$17.8M$17.4M$16.0M$15.4M
Stock-based compensation $7.8M$6.5M$7.7M$6.0M$5.5M$3.4M$2.2M$6.6M$3.2M$3.2M
Capital expenditure $20.6M$16.1M$18.0M$26.1M$24.9M$15.2M$15.4M$13.5M$16.4M$16.8M
Investing cash flow -$35.2M-$3.6M-$57.0M-$52.5M-$12.5M-$34.4M-$158.9M-$51.5M-$39.5M-$45.3M
Financing cash flow -$25.0M-$48.7M-$18.2M-$8.5M-$71.5M-$48.3M$115.7M$2.2M-$8.1M-$2.0M
Dividends paid $7.0M$6.8M$6.7M$6.8M$7.3M$6.0M$5.4M$5.5M$3.7M$2.5M
Buybacks —$0$0$36.7M$140.0M$0$9.2M$16.3M$16.4M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001016281-26-000021.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 248.2M Gross profit, FY2016: 79.7M Net income, FY2016: 19.6M Revenue, FY2017: 258.1M Gross profit, FY2017: 76.8M Net income, FY2017: 37.2M Revenue, FY2018: 268M Gross profit, FY2018: 75.9M Net income, FY2018: 11.6M Revenue, FY2019: 274.1M Gross profit, FY2019: 79.6M Net income, FY2019: 14.5M Revenue, FY2020: 329.4M Gross profit, FY2020: 105.9M Net income, FY2020: 16.1M Revenue, FY2021: 375.9M Gross profit, FY2021: 129.5M Net income, FY2021: 33.2M Revenue, FY2022: 370.2M Gross profit, FY2022: 119.2M Net income, FY2022: 41.4M Revenue, FY2023: 382.5M Gross profit, FY2023: 124.3M Net income, FY2023: 33.4M Revenue, FY2024: 404.2M Gross profit, FY2024: 143.4M Net income, FY2024: 33M Revenue, FY2025: 417.4M Gross profit, FY2025: 146.7M Net income, FY2025: 51.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $248.2M $258.1M $268.0M $274.1M $329.4M $375.9M $370.2M $382.5M $404.2M $417.4M
Gross profit $79.7M $76.8M $75.9M $79.6M $105.9M $129.5M $119.2M $124.3M $143.4M $146.7M
Net income $19.6M $37.2M $11.6M $14.5M $16.1M $33.2M $41.4M $33.4M $33.0M $51.5M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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