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NYSE · SERVICES-PERSONAL SERVICES · MID CAP

Carriage Services Inc. CSV

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$417.4M
▲ 3.3% YoY
$51.5M
▲ 56.3% YoY
$40.1M
▲ 11.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Carriage Services, Inc. provides funeral and cemetery services and merchandise in the United States. At December 31, 2025, it operated 155 funeral homes in 24 states and 28 cemeteries in 9 states. As of December 31, 2025, it and its subsidiaries employed 2,321 employees, of whom 1,248 were full-time and 1,073 were part-time. It operates in two business segments, Funeral Home Operations, which accounts for approximately 65% of its total revenue, and Cemetery Operations, which accounts for approximately 35% of its total revenue. Its funeral homes offer services to meet a family's funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, use of funeral home facilities for visitation and memorial services, and transportation services. Its cemeteries provide interment rights, primarily grave sites, lawn crypts, mausoleum spaces and niches, related cemetery merchandise such as memorial markers, outer burial containers and monuments, and services including interments, inurnments and installation of cemetery merchandise. Carriage Services, Inc. was incorporated in the State of Delaware in December 1993.

Written from the business description in CARRIAGE SERVICES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 417.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 417.4 · Net income 51.5
150M300M
2009201220152018202120242025
Compound annual growth
+4.1%
+4.8%
+5.6%
+5.7%
+7.6%
+26.2%
+9.5%
+13.1%
+7.3%
+29.6%
+0.0%
+5.9%
−45.5%
+3.0%
−17.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.8% a year over the five years to FY2025 — but profit grew faster: net income at +26.2%, earnings per share at +29.6%.

The share count fell from 0.02B to 0.02B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.4% · Net 12.3%
10%20%
200920172025
ROE
FY2025 · ROE 22.2%
10%20%30%
200920172025
Three returns, three denominators.

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 7.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 40.1
25.0M50.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 7.0 · Net buybacks ·
100M200M
200920112013201520172019202120232025

USD 7.0M in dividends — 14% of the year's profit went back to shareholders.

Total assetsUSD 1.3B
EquityUSD 254.8M
CashUSD 1.7M
Gross debtUSD 6.2M
Net debtUSD 4.5M
Current ratio0.98×

Net debt stands at 2% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CSV, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.40.40.40.40.40.30.30.30.30.20.20.20.20.20.20.20.2
Operating income $B0.10.10.10.10.10.10.00.00.00.10.00.00.00.00.00.00.0
EBITDA $B0.10.10.10.10.10.10.10.10.10.10.10.10.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.10.00.10.10.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $3.252.102.142.631.810.890.800.632.091.121.120.851.000.630.380.450.40
Dividend / sh $0.450.450.450.450.410.340.300.300.230.150.100.100.100.100.070.00◌
Payout %14212016223837471013912916200—
ROE %22.217.321.531.218.06.96.55.619.911.712.49.413.38.75.77.16.5
Shares out B0.020.020.010.010.020.020.020.010.010.020.020.02◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 83 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityServices-Personal Services
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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