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

$692.63M

P/E (TTM)

13.3

Dividend Yield

1.0%

52W High

$49.41

52W Low

$35.51

52W Range

61%

Rank39Top 39.1%

4.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.2 / 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

Q4 2025 Data

Revenue

$105.57M+0.00%

4-Quarter Trend

EPS

$0.79+0.00%

4-Quarter Trend

FCF

$62.71M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Jumps 56% Net income reached $51.51M in 2025, a 56.3% increase over 2024, driven by lower general, administrative, and other expenses.

Total Revenue Grows 3.3% Total revenue increased to $417.44M in 2025, supported by 3.7% Funeral Home revenue growth and 8.8% Cemetery revenue growth.

Cemetery Preneed Pricing Rises Average price per preneed interment right sold increased 6.4% to $5,836, boosting Cemetery segment operating revenue by $10.6M.

Operating Cash Flow Strengthens Net cash provided by operating activities was $60.7M in 2025, up from $52.0M in 2024, supporting debt reduction efforts.

Risk Factors

Key Employee Dependency Risk Business success heavily relies on retaining key Managing Partners and sales personnel; inability to retain staff impacts market share.

High Fixed Cost Exposure Funeral/cemetery operations have high fixed costs; revenue declines cause margins and cash flow to decrease at a greater rate.

Increased Cremation Competition Rising cremation rates threaten market share loss to specialized firms, and average cremation revenue is lower than traditional burials.

Debt Covenants Limit Flexibility Failure to meet Total Leverage Ratio covenant (max 5.00 to 1.00) under Credit Facility could trigger debt acceleration.

Outlook

Focus on Strategic Objectives Management focuses on three objectives: Disciplined Capital Allocation, Purposeful Growth, and Relentless Improvement for excellence.

Preneed Sales Growth Projected Projecting 20% year-over-year growth in preneed funeral sales over the next five years, supported by insurance partnership.

Modernized Sales Platform Implemented Q4 2025 saw implementation of next-gen sales enablement platform, driving 12% of Q4 preneed property sales.

Capital Allocation Priorities Set 2026 capital plan prioritizes strategic acquisitions, CapEx, debt repayment, and dividends using cash on hand and borrowing capacity.

Peer Comparison

Revenue (TTM)

AXL

$5.84B

-4.7%

BLMN

$3.96B

+3.4%

CBRL

$3.36B

-4.1%

Gross Margin (Latest Quarter)

CARS

98.0%

-14.2pp

HOV

97.0%

+76.5pp

BJRI

74.5%

+62.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
PLOW	$1.03B	22.0	17.2%	34.3%
AXL	$1.02B	-35.2	-3.0%	2.0%
LIND	$1.01B	-33.9	13.3%	67.7%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-0.5%

Flat Growth

4Q Net Income CAGR

-16.3%

Declining Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data