Carriage Services, Inc. (CSV) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.82	$0.78	-4.9%	—	—	—
Q3 26	$0.88	$0.86	-2.3%	—	—	—
Q2 26	$0.81	$0.75	-7.4%	—	—	—
Q1 26	$0.18	$0.38	+111.1%	—	—	—
Q4 25	$0.73	$0.74	+1.4%	—	—	—
Q3 25	$0.84	$0.96	+14.3%	—	—	—
Q2 25	$0.51	$0.62	+21.6%	—	—	—
Q1 25	$0.43	$0.64	+48.8%	—	—	—
Q4 24	$0.52	$0.63	+21.2%	—	—	—
Q3 24	$0.62	$0.75	+21.0%	—	—	—
Q2 24	$0.49	$0.77	+57.1%	—	—	—
Q1 24	$0.5	$0.33	-34.0%	—	—	—
Q4 23	$0.53	$0.53	0.0%	—	—	—
Q3 23	$0.52	$0.56	+7.7%	—	—	—
Q2 23	$0.53	$0.64	+20.8%	—	—	—
Q1 23	$0.56	$0.45	-19.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.29	—	—	$417.4M	—
FY24	—	$2.17	—	—	$404.2M	—
FY23	—	$2.24	—	—	$382.5M	—
FY22	—	$2.78	—	—	$370.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$248.2M	$258.1M	$268M	$274.1M	$329.4M	$375.9M	$370.2M	$382.5M	$404.2M	$417.4M
YoY change	+2.35%	+4%	+3.82%	+2.28%	+20.2%	+14.1%	-1.52%	+3.34%	+5.67%	+3.28%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	248.2M	258.1M	268M	274.1M	329.4M	375.9M	370.2M	382.5M	404.2M	417.4M
Cost of revenue	168.6M	181.3M	192M	194.5M	223.5M	246.4M	250.9M	258.2M	260.8M	270.8M
Gross profit	79.7M	76.8M	75.9M	79.6M	105.9M	129.5M	119.2M	124.3M	143.4M	146.7M
Gross margin	32.1%	29.8%	28.3%	29%	32.2%	34.5%	32.2%	32.5%	35.5%	35.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	27.9M	26.3M	30.8M	25.9M	27.3M	35.2M	37.5M	42.1M	59M	48.6M
Operating expenses	27.9M	26.3M	30.8M	25.9M	27.3M	35.2M	37.5M	42.1M	59M	48.6M
Operating income	50.2M	48.9M	43.3M	52.3M	78.7M	94.3M	81.8M	82.2M	84.4M	98M
Operating margin	20.2%	19%	16.2%	19.1%	23.9%	25.1%	22.1%	21.5%	20.9%	23.5%
Non-operating income, net	-2.4M	1.1M	-1.7M	-4.1M	-21.3M	-24.6M	1.3M	525K	-2.2M	600K
Pretax income	32.2M	32.8M	18.3M	22.4M	24.6M	44.3M	57.2M	46.4M	50.1M	70.3M
Income tax	12.7M	-4.4M	6.6M	7.9M	8.6M	11.1M	15.8M	13M	17.1M	18.8M
Net income	19.6M	37.2M	11.6M	14.5M	16.1M	33.2M	41.4M	33.4M	33M	51.5M
Net margin	7.89%	14.4%	4.35%	5.3%	4.88%	8.82%	11.2%	8.73%	8.15%	12.3%
EBITDA	63.8M	66M	60.7M	72M	99.5M	116M	102.9M	106.1M	108.6M	124.7M
EPS	1.18	2.25	0.64	0.81	0.9	1.9	2.78	2.24	2.17	3.29
Diluted EPS	1.12	2.09	0.63	0.8	0.89	1.81	2.63	2.14	2.1	3.25

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	90.5M	98.8M	103.5M	102.3M	100.7M	97.7M	107.1M	102.1M	102.7M	105.5M	106.1M	102.9M
Cost of revenue	63.1M	64.2M	66.2M	65.3M	65.2M	64.1M	69.2M	66.2M	66.5M	68.8M	67.5M	67.9M
Gross profit	27.4M	34.6M	37.3M	37M	35.5M	33.6M	37.8M	35.9M	36.2M	36.7M	38.6M	35M
Gross margin	30.3%	35%	36%	36.2%	35.2%	34.4%	35.3%	35.2%	35.3%	34.8%	36.4%	34%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11.3M	10.4M	16.2M	18.6M	12.2M	12M	12M	11.9M	12.2M	12.5M	13.1M	11M
Operating expenses	11.3M	10.4M	16.2M	18.6M	12.2M	12M	12M	11.9M	12.2M	12.5M	13.1M	11M
Operating income	16.1M	24.2M	21M	18.4M	23.3M	21.7M	25.8M	24M	24.1M	24.2M	25.6M	24M
Operating margin	17.8%	24.5%	20.3%	18%	23.1%	22.2%	24.1%	23.5%	23.4%	22.9%	24.1%	23.4%
Non-operating income, net	-55K	475K	-1.6M	391K	-400K	-627K	7.8M	—	—	—	—	-203K
Pretax income	6.8M	15.6M	10.7M	10.5M	14.8M	14.1M	26.3M	16.9M	9.7M	17.4M	18.4M	17.2M
Income tax	2.1M	4M	3.7M	4.2M	5M	4.2M	5.3M	5.1M	3.1M	5.2M	4.9M	4.9M
Net income	4.6M	11.6M	7M	6.3M	9.9M	9.9M	20.9M	11.7M	6.6M	12.3M	13.5M	12.3M
Net margin	5.13%	11.8%	6.74%	6.12%	9.8%	10.1%	19.5%	11.5%	6.39%	11.6%	12.7%	11.9%
EBITDA	21.6M	30.8M	26.8M	24.9M	29.2M	27.6M	33.5M	30.4M	30M	30.8M	31.8M	31.3M
EPS	0.31	0.78	0.46	0.41	0.65	0.65	1.35	0.75	0.42	0.78	0.86	0.78
Diluted EPS	0.3	0.75	0.45	0.4	0.63	0.62	1.34	0.74	0.41	0.77	0.84	0.77

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	473M	422.6M	278.6M	457.7M	559.8M	1.1B	—	370.2M	596.6M	652.6M	498.4M
Enterprise value	809.6M	781.9M	644.3M	976.7M	1B	1.7B	—	973.3M	1.2B	1.2B	1.1B
Shares outstanding	16.5M	16.4M	18M	17.9M	17.9M	17.4M	14.9M	14.8M	15M	15.4M	15.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.2	11.4	23.9	31.5	34.8	33.8	—	11.1	18.1	12.7	11.2
P/S	1.91	1.64	1.04	1.67	1.7	2.98	—	0.97	1.48	1.56	1.19
P/B	2.69	2.14	1.26	2.02	2.33	8.76	—	2.14	2.86	2.56	1.77
EV/EBITDA	12.7	11.8	10.6	13.6	10.4	14.6	—	9.18	10.7	9.65	8.57
EV/Sales	3.26	3.03	2.4	3.56	3.15	4.52	—	2.54	2.86	2.88	2.53
Earnings yield	4.14%	8.8%	4.18%	3.18%	2.87%	2.96%	—	9.03%	5.52%	7.89%	8.96%
FCF yield	5.69%	6.82%	12.7%	6.08%	12.1%	5.29%	—	15.5%	6.02%	-2.91%	7.8%
PEG	—	—	—	—	—	—	—	—	—	—	2.79

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.1%	29.8%	28.3%	29%	32.2%	34.5%	32.2%	32.5%	35.5%	35.1%	34%
Operating margin	20.2%	19%	16.2%	19.1%	23.9%	25.1%	22.1%	21.5%	20.9%	23.5%	23.4%
Net margin	7.89%	14.4%	4.35%	5.3%	4.88%	8.82%	11.2%	8.73%	8.15%	12.3%	10.7%
ROE	11.1%	18.8%	5.26%	6.41%	6.69%	25.9%	30.2%	19.3%	15.8%	20.2%	17.3%
ROA	2.21%	4.04%	1.27%	1.29%	1.4%	2.81%	3.47%	2.63%	2.58%	3.83%	4.63%
ROIC	5.95%	8.79%	4.7%	4.55%	7.15%	10%	7.9%	7.62%	7.23%	8.92%	8.42%
Return on tangible assets	6.44%	12%	4.46%	5.4%	5.35%	9.87%	13.5%	9.65%	8.94%	12.8%	10.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.74	0.71	0.84	1.12	0.73	0.66	0.84	0.82	0.77	0.98	1.46
Quick ratio	0.61	0.55	0.65	0.92	0.58	0.54	0.67	0.65	0.63	0.84	1.29
Debt / equity	1.93	1.82	1.65	2.29	1.99	4.52	4.47	3.49	2.69	2.17	1.97
Debt / assets	0.38	0.39	0.4	0.46	0.42	0.49	0.51	0.48	0.44	0.41	0.4
Net debt / EBITDA	5.27	5.44	6.03	7.21	4.8	4.98	5.94	5.69	5.16	4.42	4.41
Interest coverage	3.07	2.9	1.78	1.87	1.75	2.74	3.21	2.28	2.56	3.48	3.27
Effective tax rate	39.3%	0%	36.2%	35.2%	34.7%	25.2%	27.6%	28%	34.2%	26.7%	28.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	15	15.7	14.9	15.3	18.4	21.6	24.9	25.8	27	27.1	26.8
EPS (basic)	1.18	2.25	0.64	0.81	0.9	1.9	2.78	2.24	2.17	3.29	3.29
EPS (diluted)	1.12	2.09	0.63	0.8	0.89	1.81	2.63	2.14	2.1	3.25	2.79
Book value per share	10.6	12	12.3	12.7	13.5	7.35	9.23	11.7	13.9	16.5	17.6
FCF per share	1.63	1.75	1.97	1.56	3.79	3.41	2.35	3.89	2.4	-1.23	-1.36
Cash per share	0.2	0.06	0.04	0.04	0.05	0.07	0.08	0.1	0.08	0.11	0.16
Capex per share	0.38	0	0	—	—	—	—	—	0	1.34	1.5

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.52%	0%	0%	—	—	—	—	—	0%	4.94%	5.71%
Capex / operating cash flow	14.1%	0%	0%	—	—	—	—	—	0%	34%	38.9%
Payout ratio	12.7%	9.97%	47.3%	37.1%	37.6%	21.9%	16.3%	20.1%	20.7%	13.6%	16.1%
Dividend yield	0.53%	0.88%	1.98%	1.18%	1.08%	0.65%	—	1.81%	1.14%	1.08%	1.44%

Yield

1.44%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.113

ex-dividend Aug 3, 2026

Payout ratio

16%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 3, 2026	$0.113
May 4, 2026	$0.113
Feb 2, 2026	$0.113

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$90.5M	$98.8M	$103.5M	$102.3M	$100.7M	$97.7M	$107.1M	$102.1M	$102.7M	$105.5M	$106.1M	$102.9M
YoY change	+3.43%	+5.24%	+8.35%	+4.75%	+11.3%	-1.15%	+3.46%	-0.17%	+2.04%	+7.97%	-0.89%	+0.79%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.3M	952K	644K	716K	889K	1.1M	1.2M	1.5M	1.2M	1.7M
Receivables	18.5M	19.4M	18.7M	20.6M	23.7M	24.4M	23.9M	27.3M	30.6M	38.6M
Inventory	6.1M	6.5M	6.8M	7M	7.3M	7.3M	7.6M	8.3M	7.9M	7.8M
Total current assets	33M	30.1M	29.3M	39.9M	35.3M	40.2M	38M	41.7M	44.5M	56.1M
Property, plant & equipment	116M	111.7M	112.2M	145.9M	150.8M	147.6M	147.6M	154.8M	137.2M	146.2M
Goodwill & intangibles	580.8M	612.1M	656.6M	860.5M	844.9M	842.7M	885.9M	921.9M	911M	942.3M
Total assets	885.1M	921.5M	917.5M	1.1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.3B
Accounts payable	10.2M	6.5M	10M	8.4M	11.3M	14.2M	11.7M	11.9M	15.4M	19M
Short-term debt	13.3M	17.3M	2.3M	3.1M	6M	2.8M	3.2M	3.8M	3.9M	4.3M
Total current liabilities	44.3M	42.7M	35M	35.6M	48.4M	60.8M	45.5M	51.1M	58M	57.2M
Long-term debt	326.6M	343M	364.1M	516.6M	472.3M	576.1M	609.6M	600.8M	557M	548.2M
Total liabilities	709.3M	723.9M	696M	903.2M	905.3M	1.1B	1.1B	1.1B	1.1B	1.1B
Shareholders' equity	175.7M	197.7M	221.5M	226.6M	240.5M	128M	137.1M	173.1M	208.6M	254.8M
Total debt	339.9M	360.2M	366.4M	519.8M	478.3M	578.9M	612.7M	604.6M	560.9M	552.5M
Net debt	336.6M	359.3M	365.7M	519.1M	477.4M	577.8M	611.6M	603.1M	559.7M	550.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.7M	1.5M	1.7M	1.5M	1.3M	1.2M	4.6M	1.4M	1.2M	1.7M	2.9M	2.5M
Receivables	26.2M	27.3M	27.4M	30.1M	31M	30.6M	32M	33.3M	36.7M	38.6M	38.4M	39.4M
Inventory	9.1M	8.3M	8.3M	8.3M	8.2M	7.9M	7.9M	7.6M	7.6M	7.8M	7.7M	7.7M
Total current assets	40.3M	41.7M	40.4M	43.1M	43.6M	44.5M	49.9M	—	—	—	—	67.6M
Property, plant & equipment	154.7M	154.8M	151.6M	147.4M	143.3M	137.2M	133.9M	135.7M	148.2M	146.2M	411.5M	413.1M
Goodwill & intangibles	920.9M	921.9M	904.9M	907.4M	907.5M	911M	903.2M	902.2M	952.3M	942.3M	943.7M	948M
Total assets	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B	1.3B	1.4B
Accounts payable	11.6M	11.9M	12.7M	16.2M	15.1M	15.4M	14.1M	16.7M	17.2M	19M	12.6M	16.3M
Short-term debt	3.8M	3.8M	4M	3.9M	4M	3.9M	4.2M	4.7M	4.2M	4.3M	4.6M	4.7M
Total current liabilities	53.3M	51.1M	56.1M	50.8M	60.2M	58M	52.5M	48.5M	57.5M	57.2M	49.6M	46.5M
Long-term debt	607.4M	600.8M	575.6M	576.2M	560.8M	557M	542.6M	535.1M	557.7M	548.2M	541.5M	544.6M
Total liabilities	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1B	1.1B	1.1B	1.1B	1.1B
Shareholders' equity	161.3M	173.1M	179.6M	187.9M	198.1M	208.6M	223.1M	235.4M	242.1M	254.8M	266.9M	279.4M
Total debt	611.2M	604.6M	579.6M	580.1M	564.8M	560.9M	546.8M	539.8M	561.9M	552.5M	546M	549.3M
Net debt	609.5M	603.1M	577.9M	578.6M	563.6M	559.7M	542.2M	538.4M	560.7M	550.8M	543.1M	546.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	19.6M	37.2M	11.6M	14.5M	16.1M	33.2M	41.4M	33.4M	33M	51.5M
Depreciation & amortization	15.4M	16M	17.4M	19M	20.7M	21.8M	21.1M	22.5M	24.2M	25.7M
Stock-based compensation	3.2M	3.2M	6.6M	2.2M	3.4M	5.5M	6M	7.7M	6.5M	7.8M
Change in working capital	-3.4M	-5.7M	-3.1M	-10.9M	2.1M	-6.5M	-3.8M	2M	-21.3M	-30.6M
Operating cash flow	44.4M	44.1M	40.6M	35.3M	48.1M	54.3M	65.3M	69.8M	42.5M	60.7M
Capital expenditure	-6.3M	0	0	—	—	—	—	—	0	-20.6M
Investing cash flow	-28.4M	-23.1M	-38M	-143.5M	-19.2M	12.3M	-26.4M	-39M	12.5M	23.9M
Dividends paid	-2.5M	-3.7M	-5.5M	-5.4M	-6M	-7.3M	-6.8M	-6.7M	-6.8M	-7M
Share repurchases	0	-16.4M	-16.3M	-9.2M	0	-140M	-36.7M	0	0	—
Financing cash flow	-27.8M	14.7M	-64M	171M	-86.2M	34.1M	-10.3M	-19.7M	-51.3M	-26.7M
Net change in cash	-11.8M	35.8M	-61.3M	62.8M	-57.3M	100.8M	28.6M	11.1M	3.6M	57.8M
Free cash flow	26.9M	28.8M	35.5M	27.8M	67.7M	59.4M	34.9M	57.6M	35.9M	-19M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	4.6M	11.6M	7M	6.3M	9.9M	9.9M	20.9M	11.7M	6.6M	12.3M	13.5M	12.3M
Depreciation & amortization	5.5M	5.9M	5.8M	6.5M	6M	6M	5.7M	6.5M	6.8M	6.7M	6.3M	7.4M
Stock-based compensation	2M	1.5M	489K	2.2M	1.9M	2M	1.8M	2.1M	2M	1.9M	2.1M	1.9M
Change in working capital	481K	-824K	1.3M	-5.4M	-7.9M	-9.3M	-7.1M	-7.3M	-8.2M	-7.9M	-8.3M	-9.9M
Operating cash flow	12.6M	15.8M	12.5M	10.3M	9.7M	9.9M	24M	8.1M	24.7M	14.1M	14.9M	7.6M
Capital expenditure	—	—	—	—	—	—	—	-2.8M	-6.7M	-7.9M	-3.9M	-5.3M
Investing cash flow	619K	1.4M	10.9M	565K	930K	42K	18.7M	-2.7M	11.8M	-740K	-3.9M	-9.5M
Dividends paid	-1.7M	-1.7M	-1.7M	-1.7M	-1.7M	-1.7M	-1.7M	-1.8M	-1.8M	-1.8M	-1.8M	-1.8M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-35.5M	-10.6M	-27.3M	-12.2M	-17.7M	-5.5M	-26.5M	-8.9M	19.4M	-10.7M	-10.2M	1.3M
Net change in cash	-22.2M	6.6M	-3.8M	-1.3M	-7M	4.5M	16.2M	-3.5M	55.9M	2.7M	860K	-686K
Free cash flow	18.6M	8.8M	16.2M	-1.4M	16.2M	4.9M	10.6M	5.2M	-38.5M	3.7M	11M	2.2M

Carriage Services, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement