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Carriage Services, Inc.

Carriage Services, Inc.

NYSE•CSV
CEO: Mr. Carlos R. Quezada
Sector: Consumer Cyclical
Industry: Personal Products & Services
Listing Date: 1996-08-09
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates in 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; sale of caskets and urns; cremation services; and related funeral merchandise. 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.
Contact Information
3040 Post Oak Boulevard, Suite 300, Houston, TX, 77056, United States
713-332-8400
www.carriageservices.com
Market Cap
$653.43M
P/E (TTM)
13.0
41.1
Dividend Yield
1.1%
52W High
$49.41
52W Low
$35.51
52W Range
43%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$102.66M+1.96%
4-Quarter Trend

EPS

$0.41-36.92%
4-Quarter Trend

FCF

-$38.51M-337.13%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Surge Net income reached $39.24M for nine months, a $16.14M increase, driven by lower prior year one-time charges.
Strong Cash Generation Continues Cash provided by operating activities totaled $46.57M for nine months, up $3.85M compared to the prior year.
Significant Acquisition Investment Invested $56.50M cash during nine months acquiring eight funeral homes and one cemetery business.
Cemetery Revenue Growth Cemetery operating revenue increased $5.3M for nine months, driven by higher average preneed interment prices.

Risk Factors

Trade Policy and Tariffs Evolving U.S. foreign trade policies and new tariffs introduce uncertainty impacting supply chain costs and inflation.
Pending Class Action Lawsuits Facing two class action suits regarding wage/hour compliance and perpetual care cemetery practices disclosure.
Debt Covenant Compliance Required Compliance required on Total Leverage Ratio (max 5.00) and Coverage Ratio (min 1.20) under Credit Facility.
Intangible Asset Impairment Recorded $1.64M impairment on PPE held for sale during the quarter ended September 30, 2025.

Outlook

2025 Capital Allocation Focus Prioritizing debt repayments, dividends, internal growth CapEx, and potential strategic acquisitions in the remainder of 2025.
Sufficient Liquidity Expected Expecting $112.9M Credit Facility availability sufficient to cover anticipated working capital and CapEx needs.
Preneed Sales Growth Focus Continued focus on growing preneed funeral sales through strategic partnership with national insurance provider.

Peer Comparison

Revenue (TTM)

American Axle & Manufacturing Holdings, Inc.AXL
$5.83B
-6.0%
Bloomin' Brands, Inc.BLMN
$3.95B
-13.1%
Hovnanian Enterprises, Inc.HOV
$2.98B
-0.9%

Gross Margin (Latest Quarter)

Carriage Services, Inc.CSV
365.9%
+330.7pp
Hovnanian Enterprises, Inc.HOV
96.6%
+75.7pp
BJ's Restaurants, Inc.BJRI
74.3%
+62.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BJRI$920.26M29.18.3%49.0%
AXL$770.34M18.46.6%50.9%
PLOW$760.12M18.115.7%42.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.7%
Moderate Growth
4Q Net Income CAGR
-13.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$0.80
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $102.66M+2.0%
    |
    EPS: $0.41-36.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $102.15M-0.9%
    |
    EPS: $0.75+82.9%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $107.07M+3.1%
    |
    EPS: $1.35+193.5%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $404.20M+5.7%
    |
    EPS: $2.17-3.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $100.69M+11.3%
    |
    EPS: $0.65+109.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $103.07M+5.5%
    |
    EPS: $0.41-25.5%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $103.87M+8.7%
    |
    EPS: $0.46-22.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 1, 2024|
    Revenue: $382.52M+3.3%
    |
    EPS: $2.24-19.4%
    Beat