NYSE : CSV
Carriage Services, Inc. — Financial statements
Consumer Discretionary · Personal Services · United States
Last price 34.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 554.13M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Carriage Services, Inc. (CSV) reported revenue of 417.29M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 377.73M | 379.78M | 369.98M | 351.66M | 343.24M | 348.29M |
| Other Revenue | 39.56M | 37.66M | 34.22M | 30.86M | 26.93M | 27.59M |
| Revenue | 417.29M | 417.44M | 404.20M | 382.52M | 370.17M | 375.89M |
| Cost of Revenue | 257.39M | 257.60M | 247.08M | 244.06M | 237.63M | 233.76M |
| Gross Profit | 159.91M | 159.84M | 157.12M | 138.46M | 132.54M | 142.12M |
| Selling, General & Admin | 48.75M | 48.65M | 59.01M | 42.12M | 37.47M | 35.19M |
| Operating Expenses | 62.07M | 61.81M | 72.74M | 56.29M | 50.79M | 47.80M |
| Operating Income | 97.83M | 98.03M | 84.38M | 82.17M | 81.75M | 94.33M |
| Interest Expense | -27.60M | -28.36M | -32.08M | -36.27M | -25.89M | -25.46M |
| Other Non Operating Income (Expenses) | -24.00K | -29.00K | -61.00K | 1.37M | 3.55M | -84.00K |
| EBT Excluding Unusual Items | 70.21M | 69.63M | 52.24M | 47.28M | 59.41M | 68.78M |
| Gain (Loss) on Sale of Assets | -5.52M | 2.39M | -1.94M | -737.00K | ||
| Asset Writedown | -1.98M | -1.76M | -637.00K | -454.00K | -2.03M | -666.00K |
| Other Unusual Items | -190.00K | -23.81M | ||||
| Pretax Income | 62.71M | 70.26M | 50.08M | 46.43M | 57.19M | 44.30M |
| Income Tax Expense | 18.10M | 18.76M | 17.13M | 13.02M | 15.81M | 11.14M |
| Net Income | 44.61M | 51.51M | 32.95M | 33.41M | 41.38M | 33.16M |
| Preferred Dividends & Other Adjustments | 687.00K | 687.00K | 432.00K | 306.00K | 26.00K | 53.00K |
| Net Income to Common | 43.92M | 50.82M | 32.52M | 33.11M | 41.35M | 33.11M |
| Shares Outstanding (Basic) | 15.56M | 15.43M | 14.97M | 14.80M | 14.86M | 17.41M |
| Shares Outstanding (Diluted) | 15.78M | 15.63M | 15.44M | 15.46M | 15.71M | 18.27M |
| EPS (Basic) | 2.82 | 3.29 | 2.17 | 2.24 | 2.78 | 1.90 |
| EPS (Diluted) | 2.80 | 3.25 | 2.10 | 2.14 | 2.63 | 1.81 |
| Free Cash Flow | 37.42M | 40.06M | 35.90M | 57.55M | 34.94M | 59.36M |
| Free Cash Flow Per Share | 2.37 | 2.56 | 2.33 | 3.72 | 2.22 | 3.25 |
| Dividend Per Share | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.41 |
| Gross Margin | 38.32% | 38.29% | 38.87% | 36.20% | 35.80% | 37.81% |
| Operating Margin | 23.45% | 23.48% | 20.88% | 21.48% | 22.09% | 25.09% |
| Profit Margin | 10.53% | 12.17% | 8.05% | 8.65% | 11.17% | 8.81% |
| Free Cash Flow Margin | 8.97% | 9.60% | 8.88% | 15.04% | 9.44% | 15.79% |
| EBITDA | 122.99M | 121.74M | 107.43M | 103.59M | 101.94M | 115.53M |
| EBITDA Margin | 29.47% | 29.16% | 26.58% | 27.08% | 27.54% | 30.74% |
| D&A For EBITDA | 25.16M | 23.71M | 23.05M | 21.42M | 20.18M | 21.20M |
| EBIT | 97.83M | 98.03M | 84.38M | 82.17M | 81.75M | 94.33M |
| EBIT Margin | 23.45% | 23.48% | 20.88% | 21.48% | 22.09% | 25.09% |
| Effective Tax Rate | 28.87% | 26.69% | 34.20% | 28.03% | 27.65% | 25.16% |
| Revenue as Reported | 417.29M | 417.44M | 404.20M | 382.52M | 370.17M | 375.89M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.55M | 1.69M | 1.17M | 1.52M | 1.17M | 1.15M |
| Cash & Short-Term Investments | 2.55M | 1.69M | 1.17M | 1.52M | 1.17M | 1.15M |
| Accounts Receivable | 36.88M | 35.06M | 29.29M | 25.77M | 22.93M | 23.37M |
| Other Receivables | 6.77M | 7.89M | 902.00K | 2.16M | 2.03M | 6.01M |
| Receivables | 43.65M | 42.96M | 30.19M | 27.93M | 24.96M | 29.38M |
| Inventory | 7.73M | 7.76M | 7.92M | 8.35M | 7.61M | 7.35M |
| Prepaid Expenses | 13.71M | 3.53M | 3.99M | 3.78M | 4.08M | 2.21M |
| Other Current Assets | 141.00K | 1.27M | 137.00K | 149.00K | 125.00K | |
| Total Current Assets | 67.64M | 56.08M | 44.54M | 41.72M | 37.97M | 40.21M |
| Property, Plant & Equipment | 298.38M | 298.86M | 287.96M | 303.78M | 295.17M | 287.25M |
| Goodwill | 428.71M | 427.90M | 414.86M | 423.64M | 410.14M | 391.97M |
| Other Intangible Assets | 45.27M | 38.12M | 35.44M | 33.00M | 28.76M | 25.81M |
| Long-Term Accounts Receivable | 69.61M | 67.06M | 50.96M | 35.58M | 26.67M | 23.15M |
| Long-Term Deferred Charges | 5.49M | 4.99M | 4.68M | 4.05M | 3.56M | |
| Other Long-Term Assets | 456.33M | 452.42M | 440.84M | 425.66M | 390.19M | 406.68M |
| Total Assets | 1.37B | 1.35B | 1.28B | 1.27B | 1.19B | 1.18B |
| Accounts Payable | 16.30M | 19.00M | 15.43M | 11.87M | 11.68M | 14.21M |
| Accrued Expenses | 25.47M | 29.92M | 32.64M | 30.62M | 26.65M | 34.74M |
| Current Portion of Long-Term Debt | 4.71M | 607.00K | 571.00K | 537.00K | 555.00K | 521.00K |
| Current Portion of Leases | 3.69M | 3.34M | 3.31M | 2.62M | 2.29M | |
| Current Income Taxes Payable | 8.00K | 208.00K | 459.00K | 485.00K | ||
| Other Current Liabilities | 3.99M | 5.85M | 4.74M | 3.52M | 8.55M | |
| Total Current Liabilities | 46.48M | 57.22M | 58.04M | 51.07M | 45.47M | 60.79M |
| Long-Term Debt | 526.02M | 528.34M | 536.87M | 579.16M | 587.52M | 552.45M |
| Long-Term Leases | 18.54M | 19.88M | 20.08M | 21.63M | 22.06M | 23.68M |
| Long-Term Unearned Revenue | 112.01M | 110.44M | 101.03M | 100.58M | 83.78M | 80.79M |
| Long-Term Deferred Tax Liabilities | 57.83M | 55.41M | 51.43M | 52.13M | 48.82M | 45.78M |
| Other Long-Term Liabilities | 325.69M | 319.85M | 303.58M | 290.42M | 268.18M | 287.14M |
| Total Liabilities | 1.09B | 1.09B | 1.07B | 1.09B | 1.06B | 1.05B |
| Common Stock | 275.00K | 274.00K | 269.00K | 266.00K | 264.00K | 263.00K |
| Additional Paid-In Capital | 237.37M | 238.54M | 243.82M | 241.29M | 238.78M | 236.81M |
| Retained Earnings | 320.48M | 294.72M | 243.21M | 210.26M | 176.84M | 135.46M |
| Treasury Stock | -278.75M | -278.75M | -278.75M | -278.75M | -278.75M | -244.52M |
| Shareholders' Equity | 279.37M | 254.78M | 208.55M | 173.06M | 137.13M | 128.01M |
| Total Liabilities & Equity | 1.37B | 1.35B | 1.28B | 1.27B | 1.19B | 1.18B |
| Total Debt | 549.27M | 552.51M | 560.87M | 604.63M | 612.75M | 578.93M |
| Net Cash (Debt) | -546.72M | -550.82M | -559.70M | -603.11M | -611.58M | -577.78M |
| Net Cash Per Share | -34.66 | -35.23 | -36.24 | -39.02 | -38.93 | -31.63 |
| Filing Date Shares Outstanding | 15.88M | 15.75M | 15.65M | 15.14M | 14.89M | 15.33M |
| Total Common Shares Outstanding | 15.88M | 15.75M | 15.25M | 15.00M | 14.73M | 15.33M |
| Working Capital | 21.16M | -1.14M | -13.51M | -9.35M | -7.49M | -20.57M |
| Book Value Per Share | 17.59 | 16.18 | 13.67 | 11.54 | 9.31 | 8.35 |
| Tangible Book Value | -194.62M | -211.24M | -241.75M | -283.58M | -301.76M | -289.77M |
| Tangible Book Value Per Share | -12.25 | -13.41 | -15.85 | -18.91 | -20.48 | -18.90 |
| Land | 92.74M | 86.61M | 87.64M | 84.41M | 82.09M | |
| Buildings | 268.65M | 265.23M | 263.52M | 251.78M | 240.39M | |
| Machinery | 71.83M | 72.05M | 74.37M | 70.52M | 73.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 44.61M | 51.51M | 32.95M | 33.41M | 41.38M | 33.16M |
| Depreciation & Amortization | 25.16M | 23.71M | 23.05M | 21.42M | 20.18M | 21.20M |
| Other Amortization | 3.09M | 3.08M | 2.36M | 2.31M | 1.95M | 1.70M |
| Loss (Gain) From Sale of Assets | 5.53M | -2.38M | 1.98M | -670.00K | 2.03M | 847.00K |
| Asset Writedown & Restructuring Costs | 1.98M | 1.76M | 597.00K | 454.00K | ||
| Stock-Based Compensation | 7.99M | 7.81M | 6.52M | 7.70M | 5.96M | 5.51M |
| Provision & Write-off of Bad Debts | 3.65M | 3.58M | 3.35M | 3.05M | 2.82M | 1.78M |
| Other Operating Activities | 3.14M | 3.98M | -1.11M | 2.96M | -400.00K | 23.03M |
| Change in Accounts Receivable | -24.32M | -28.15M | -24.62M | -8.12M | -5.36M | -4.09M |
| Change in Inventory | -5.93M | -1.69M | 1.06M | -72.00K | 2.29M | -4.45M |
| Change in Accounts Payable | -1.57M | -369.00K | 1.62M | 169.00K | -101.00K | 522.00K |
| Change in Unearned Revenue | -2.12M | -1.75M | 6.87M | 14.97M | 1.30M | 5.01M |
| Change in Other Net Operating Assets | 57.00K | -382.00K | -2.62M | -2.00M | -11.03M | 16.00K |
| Operating Cash Flow | 61.27M | 60.69M | 52.00M | 75.59M | 61.02M | 84.25M |
| Capital Expenditures | -23.84M | -20.63M | -16.10M | -18.04M | -26.08M | -24.88M |
| Cash Acquisitions | -61.03M | -56.53M | -44.50M | -31.28M | -3.29M | |
| Divestitures | 22.00M | 40.48M | 10.96M | 4.13M | 1.73M | 2.67M |
| Sale (Purchase) of Real Estate | 1.50M | 1.50M | 1.10M | 700.00K | 5.20M | |
| Other Investing Activities | 403.00K | 1.40M | 2.44M | 7.76M | ||
| Investing Cash Flow | -61.37M | -35.17M | -3.64M | -57.00M | -52.49M | -12.54M |
| Long-Term Debt Issued | 137.53M | 54.90M | 86.10M | 155.40M | 661.67M | |
| Long-Term Debt Repaid | -148.94M | -98.06M | -98.87M | -120.98M | -563.28M | |
| Net Debt Issued (Repaid) | 9.95M | -11.42M | -43.16M | -12.77M | 34.42M | 98.39M |
| Issuance of Common Stock | 1.42M | 1.72M | 2.63M | 1.49M | 1.75M | 2.64M |
| Repurchase of Common Stock | -3.03M | -8.28M | -593.00K | -252.00K | -36.99M | -142.69M |
| Common Dividends Paid | -7.09M | -7.03M | -6.81M | -6.71M | -6.76M | -7.26M |
| Other Financing Activities | -781.00K | -922.00K | -22.53M | |||
| Financing Cash Flow | 1.25M | -25.00M | -48.72M | -18.23M | -8.51M | -71.45M |
| Net Cash Flow | 1.15M | 523.00K | -358.00K | 353.00K | 22.00K | 259.00K |
| Free Cash Flow | 37.42M | 40.06M | 35.90M | 57.55M | 34.94M | 59.36M |
| Free Cash Flow Margin | 8.97% | 9.60% | 8.88% | 15.04% | 9.44% | 15.79% |
| Free Cash Flow Per Share | 2.37 | 2.56 | 2.33 | 3.72 | 2.22 | 3.25 |
| Levered Free Cash Flow | 38.87M | 44.98M | 51.73M | 43.22M | 23.74M | 57.53M |
| Unlevered Free Cash Flow | 55.03M | 61.63M | 70.61M | 64.67M | 38.88M | 72.34M |
| Cash Interest Paid | 26.11M | 26.82M | 30.63M | 34.68M | 24.46M | 24.13M |
| Cash Income Tax Paid | 20.21M | 16.99M | 16.65M | 10.45M | 9.71M | 16.11M |
| Change in Working Capital | -33.88M | -32.34M | -17.70M | 4.94M | -12.89M | -2.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 555.88M | 666.02M | 606.64M | 374.69M | 405.25M | 1.07B |
| Enterprise Value | 1.10B | 1.23B | 1.17B | 984.21M | 996.35M | 1.58B |
| Last Close Price | 34.89 | 41.98 | 39.13 | 24.18 | 26.20 | 60.50 |
| PE Ratio | 12.51 | 13.11 | 18.65 | 11.32 | 9.80 | 32.41 |
| Forward PE | 10.15 | 12.72 | 14.18 | 11.63 | 11.06 | 17.97 |
| PS Ratio | 1.33 | 1.59 | 1.50 | 0.98 | 1.09 | 2.85 |
| PB Ratio | 1.98 | 2.61 | 2.91 | 2.17 | 2.96 | 8.38 |
| P/FCF Ratio | 14.81 | 16.62 | 16.90 | 6.51 | 11.60 | 18.08 |
| P/OCF Ratio | 9.04 | 10.97 | 11.67 | 4.96 | 6.64 | 12.74 |
| PEG Ratio | 1.11 | 1.23 | 1.45 | 0.96 | 1.56 | |
| EV/Sales Ratio | 2.64 | 2.94 | 2.90 | 2.57 | 2.69 | 4.21 |
| EV/EBITDA Ratio | 8.95 | 10.08 | 10.89 | 9.50 | 9.77 | 13.71 |
| EV/EBIT Ratio | 11.25 | 12.51 | 13.87 | 11.98 | 12.19 | 16.79 |
| EV/FCF Ratio | 29.42 | 30.62 | 32.60 | 17.10 | 28.51 | 26.67 |
| Debt / Equity Ratio | 1.97 | 2.17 | 2.69 | 3.49 | 4.47 | 4.52 |
| Debt / EBITDA Ratio | 4.31 | 4.38 | 5.01 | 5.61 | 5.78 | 4.84 |
| Debt / FCF Ratio | 14.68 | 13.79 | 15.62 | 10.51 | 17.54 | 9.75 |
| Net Debt / Equity Ratio | 1.96 | 2.16 | 2.68 | 3.48 | 4.46 | 4.51 |
| Net Debt / EBITDA Ratio | 4.45 | 4.53 | 5.21 | 5.82 | 6.00 | 5.00 |
| Net Debt / FCF Ratio | 14.61 | 13.75 | 15.59 | 10.48 | 17.50 | 9.73 |
| Asset Turnover | 0.32 | 0.32 | 0.32 | 0.31 | 0.31 | 0.32 |
| Inventory Turnover | 33.63 | 32.85 | 30.38 | 30.58 | 31.77 | 32.01 |
| Quick Ratio | 0.99 | 0.78 | 0.54 | 0.58 | 0.57 | 0.50 |
| Current Ratio | 1.46 | 0.98 | 0.77 | 0.82 | 0.83 | 0.66 |
| Return on Equity (ROE) | 17.33% | 22.23% | 17.27% | 21.54% | 31.21% | 18.00% |
| Return on Assets (ROA) | 4.63% | 4.67% | 4.14% | 4.17% | 4.31% | 5.07% |
| Return on Invested Capital (ROIC) | 8.51% | 9.13% | 7.19% | 7.76% | 8.13% | 9.92% |
| Return on Capital Employed (ROCE) | 7.40% | 7.60% | 6.90% | 6.80% | 7.10% | 8.40% |
| Earnings Yield | 7.99% | 7.73% | 5.43% | 8.92% | 10.21% | 3.09% |
| FCF Yield | 6.75% | 6.02% | 5.92% | 15.36% | 8.62% | 5.53% |
| Dividend Yield | 1.29% | 1.06% | 1.13% | 1.80% | 1.64% | 0.59% |
| Payout Ratio | 16.09% | 13.64% | 20.66% | 20.08% | 16.34% | 21.91% |
| Buyback Yield / Dilution | -1.59% | -1.24% | 0.08% | 1.62% | 13.99% | -1.05% |
| Total Shareholder Return | -0.30% | -0.17% | 1.21% | 3.42% | 15.63% | -0.46% |