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Carriage Services Inc (CSV) stock

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NYSE: CSV NYSE Specialized Consumer Services Next results ~November 4, 2026

C+ Fundamentals grade

Carriage Services Inc is a US-listed company in the specialized consumer services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 61% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 61% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Carriage Services Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds83 adding, 64 cuttingOf 33 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Carriage Services files

Where Carriage Services stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $417m, up 2.4% on a year earlier, about the same pace as a quarter earlier. That puts it 9 of 11 for growth among the specialized consumer services companies we cover. Free-cash-flow margin held at 9.0%. Operating margin narrowed to 21.9% from 24.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks.

Our model value for Carriage Services is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Carriage Services Inc's trailing-twelve-month revenue grew 2.4% year on year, with a free-cash-flow margin of 9.0%. Where it stands out: long-term debt as % of assets of 0.4% ranks 2 of 15 specialized consumer services companies we cover. Where it lags: days sales outstanding of 38 days ranks 10 of 11 specialized consumer services companies we cover.

Our discounted-cash-flow model values the business at ~$33 per share in the base case (~$17–$55 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1.1% while net income fell 14.9%: a 16pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Carriage Services Inc's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Below peers: days sales outstanding. Days sales outstanding of 38 days ranks 10 of 11 specialized consumer services companies we cover (median 19 days).
  • Short interest rising. Shares sold short rose 49% in a month to 6.6% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.78 against an average estimate of $0.82: missed by 5.1%
Revenue
$103m, up 0.8% on a year earlier
Guidance given
total revenue $435m to $445m (2026); adjusted consolidated EBITDA $135m to $140m (2026)
Next report
November 4, 2026; average EPS estimate $0.79

Carriage Services' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$417M
Operating margin
21.9%
Net margin
10.7%
EPS (TTM, diluted)
$2.83

Growth

Revenue growth
+2.4%
Change in growth rate
+0.2 pts
Share count change
+1.6%

Cash

Free cash flow (TTM)
$37.4M
FCF margin
9.0%
Stock pay % of revenue
1.9%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement ended
  2. Agreement
  3. Leadership
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Carriage Services Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 61% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Carriage Services Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$45 ~$33–$66 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$82 ~$57–$120 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$65 ~$55–$81 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Carriage Services Inc with Specialized Consumer Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end Now
Share price$34.95
Market value$551m
+ Net debt (− = net cash)$523m
Enterprise value$1.1bn
Multiples
Price / sales 1.3x
Price / earnings 12.4x
Price / free cash flow 14.7x
EV / EBITDA 9.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

58 /100

Moderate moat

How hard Carriage Services's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 32.8%, moving by 2.4 percentage points (standard deviation) across 10 years.

  • Durability 16 / 20

    Operating margin has been a median 20.7%; its worst year was 13.4%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 11.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 13.9% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (63 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $109m and EPS of $0.79 (range $0.77 to $0.81) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.34 +5% $433m +4%
Next $3.64 +9% $455m +5%

Next year's EPS estimate has moved −3.3% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.1% on 90 days ago. In the last 30 days, 0 analysts raised Carriage Services Inc's forecast and 1 cut it.

Consensus EPS forecast Carriage Services Inc, last 90 days
$3.20 $3.40 $3.60 $3.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.45 Current fiscal year, 60 days ago: $3.44 Current fiscal year, 30 days ago: $3.38 Current fiscal year, 7 days ago: $3.38 Current fiscal year, Now: $3.34 $3.34 Next fiscal year, 90 days ago: $3.76 Next fiscal year, 60 days ago: $3.72 Next fiscal year, 30 days ago: $3.64 Next fiscal year, 7 days ago: $3.64 Next fiscal year, Now: $3.64 $3.64

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.45$3.76
60 days ago $3.44$3.72
30 days ago $3.38$3.64
7 days ago $3.38$3.64
Now $3.34$3.64

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.82 $0.78 −5.1%
Mar 2026 $0.88 $0.86 −1.8%
Dec 2025 $0.81 $0.75 −7.2%
Sept 2025 $0.73 $0.75 +3.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Total revenue 2026 $435m to $445m Lowered
    “Total revenue $440 - $450 $435 - $445” source
  • Adjusted diluted EPS 2026 $3.35 to $3.55 Non-GAAP Maintained
    “Adjusted diluted EPS (2) $3.35 - $3.55 $3.35 - $3.55” source
  • Adjusted consolidated EBITDA 2026 $135m to $140m Non-GAAP Maintained
    “Adjusted consolidated EBITDA (2) $135 - $140 $135 - $140” source
  • Adjusted free cash flow 2026 $40m to $50m Non-GAAP Maintained
    “Adjusted free cash flow (2)(3) $40 - $50 $40 - $50” source
  • Capital expenditures 2026 $20m to $25m Lowered
    “Capital expenditures $25 - $30 $20 - $25” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026235
  2. Sep 2026235
  3. Aug 2026235

Counts of recommendations published by analysts covering Carriage Services Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.6%
of tradable shares
Days to cover
3.98
at average volume
Short interest, 1 month
+49%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
8.9%
of shares
Employees
1,248
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Carriage Services Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Carriage Services Inc
$370M $380M $390M $400M $410M $420M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $377.6M Revenue (TTM), FY23 Q4: $382.5M Revenue (TTM), FY24 Q1: $390.5M Revenue (TTM), FY24 Q2: $395.1M Revenue (TTM), FY24 Q3: $405.3M Revenue (TTM), FY24 Q4: $404.2M Revenue (TTM), FY25 Q1: $407.8M Revenue (TTM), FY25 Q2: $407.6M Revenue (TTM), FY25 Q3: $409.7M Revenue (TTM), FY25 Q4: $417.4M Revenue (TTM), FY26 Q1: $416.5M Revenue (TTM), FY26 Q2: $417.3M $417.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $377.6M
FY23 Q4 $382.5M
FY24 Q1 $390.5M
FY24 Q2 $395.1M
FY24 Q3 $405.3M
FY24 Q4 $404.2M
FY25 Q1 $407.8M
FY25 Q2 $407.6M
FY25 Q3 $409.7M
FY25 Q4 $417.4M
FY26 Q1 $416.5M
FY26 Q2 $417.3M
Revenue growth, TTM YoY Carriage Services Inc
0% 2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 1.5% Revenue growth, TTM YoY, FY23 Q4: 3.3% Revenue growth, TTM YoY, FY24 Q1: 6.3% Revenue growth, TTM YoY, FY24 Q2: 5.5% Revenue growth, TTM YoY, FY24 Q3: 7.3% Revenue growth, TTM YoY, FY24 Q4: 5.7% Revenue growth, TTM YoY, FY25 Q1: 4.4% Revenue growth, TTM YoY, FY25 Q2: 3.2% Revenue growth, TTM YoY, FY25 Q3: 1.1% Revenue growth, TTM YoY, FY25 Q4: 3.3% Revenue growth, TTM YoY, FY26 Q1: 2.1% Revenue growth, TTM YoY, FY26 Q2: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 1.5%
FY23 Q4 3.3%
FY24 Q1 6.3%
FY24 Q2 5.5%
FY24 Q3 7.3%
FY24 Q4 5.7%
FY25 Q1 4.4%
FY25 Q2 3.2%
FY25 Q3 1.1%
FY25 Q4 3.3%
FY26 Q1 2.1%
FY26 Q2 2.4%
Operating margin (TTM) Carriage Services Inc
18% 20% 22% 24% 26% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 20.3% Operating margin (TTM), FY23 Q4: 21.2% Operating margin (TTM), FY24 Q1: 20.4% Operating margin (TTM), FY24 Q2: 19.6% Operating margin (TTM), FY24 Q3: 20.9% Operating margin (TTM), FY24 Q4: 20.2% Operating margin (TTM), FY25 Q1: 23.0% Operating margin (TTM), FY25 Q2: 24.4% Operating margin (TTM), FY25 Q3: 23.0% Operating margin (TTM), FY25 Q4: 23.4% Operating margin (TTM), FY26 Q1: 21.9% Operating margin (TTM), FY26 Q2: 21.9% 21.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 20.3%
FY23 Q4 21.2%
FY24 Q1 20.4%
FY24 Q2 19.6%
FY24 Q3 20.9%
FY24 Q4 20.2%
FY25 Q1 23.0%
FY25 Q2 24.4%
FY25 Q3 23.0%
FY25 Q4 23.4%
FY26 Q1 21.9%
FY26 Q2 21.9%
FCF margin (TTM) Carriage Services Inc
6% 8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.3% FCF margin (TTM), FY23 Q4: 15.0% FCF margin (TTM), FY24 Q1: 13.5% FCF margin (TTM), FY24 Q2: 10.7% FCF margin (TTM), FY24 Q3: 9.8% FCF margin (TTM), FY24 Q4: 8.9% FCF margin (TTM), FY25 Q1: 7.4% FCF margin (TTM), FY25 Q2: 9.1% FCF margin (TTM), FY25 Q3: 9.5% FCF margin (TTM), FY25 Q4: 9.6% FCF margin (TTM), FY26 Q1: 9.7% FCF margin (TTM), FY26 Q2: 9.0% 9.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.3%
FY23 Q4 15.0%
FY24 Q1 13.5%
FY24 Q2 10.7%
FY24 Q3 9.8%
FY24 Q4 8.9%
FY25 Q1 7.4%
FY25 Q2 9.1%
FY25 Q3 9.5%
FY25 Q4 9.6%
FY26 Q1 9.7%
FY26 Q2 9.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Carriage Services took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $417M
  2. Cost of revenue $271M · 64.9%
  3. Gross profit $147M · 35.1%
  4. Selling, general and admin $48.6M · 11.7%
  5. Operating income $97.7M · 23.4%
  6. Income tax $18.8M · 4.5%
  7. Interest and other $27.4M · 6.6%
  8. Net income $51.5M · 12.3%

Shares of revenue. Source: Carriage Services's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 178 182 184 198 213 226 243 248 258 268 274 329 376 370 383 404 417 417
Gross profit 46 47 51 61 64 70 78 80 77 76 80 106 130 119 124 143 147 147
EBITDA 40 41 38 46 49 52 62 66 65 60 65 77 114 100 102 105 122 110
Operating income 30 31 28 36 37 40 49 50 49 42 47 57 94 80 81 82 98 91
Net income 7 8 7 11 19 16 21 20 37 12 15 16 33 41 33 33 52 45
Diluted EPS $0.40 $0.45 $0.38 $0.63 $1.00 $0.85 $1.12 $1.12 $2.09 $0.63 $0.80 $0.89 $1.81 $2.63 $2.14 $2.10 $3.25 $2.83
Growth (year on year)
Revenue — +2.3% +0.9% +8.0% +7.5% +6.1% +7.2% +2.3% +4.0% +3.8% +2.3% +20.2% +14.1% −1.5% +3.3% +5.7% +3.3% +2.4%
EBITDA — +0.4% −6.9% +22.6% +5.0% +6.2% +20.8% +5.1% −1.1% −8.3% +9.5% +17.5% +49.0% −12.8% +2.6% +2.5% +16.7% −5.9%
Operating income — +1.8% −8.0% +28.6% +1.8% +7.6% +22.5% +3.2% −2.5% −14.0% +12.7% +20.6% +63.7% −14.9% +1.6% +1.0% +19.4% −8.2%
Net income — +14.6% −13.6% +63.4% +69.2% −17.9% +31.7% −6.1% +89.9% −68.7% +24.8% +10.7% +106.1% +24.8% −19.3% −1.4% +56.3% −14.9%
Diluted EPS — +12.5% −15.6% +65.8% +58.7% −15.0% +31.8% 0.0% +86.6% −69.9% +27.0% +11.3% +103.4% +45.3% −18.6% −1.9% +54.8% −16.2%
Margins
Gross margin 26.0% 26.1% 27.8% 30.9% 30.2% 31.0% 32.0% 32.1% 29.8% 28.3% 29.0% 32.2% 34.5% 32.2% 32.5% 35.5% 35.1% 35.1%
EBITDA margin 22.8% 22.3% 20.6% 23.4% 22.8% 22.8% 25.7% 26.4% 25.1% 22.2% 23.8% 23.3% 30.4% 26.9% 26.7% 25.9% 29.3% 26.4%
Operating margin 17.0% 16.9% 15.4% 18.3% 17.3% 17.6% 20.1% 20.2% 19.0% 15.7% 17.3% 17.4% 24.9% 21.5% 21.2% 20.2% 23.4% 21.9%
Net margin 4.0% 4.4% 3.8% 5.8% 9.1% 7.0% 8.6% 7.9% 14.4% 4.3% 5.3% 4.9% 8.8% 11.2% 8.7% 8.2% 12.3% 10.7%
Free-cash-flow margin 3.8% 8.5% 11.2% 7.7% 13.7% 9.1% 9.0% 13.4% 11.2% 13.2% 10.2% 20.6% 15.8% 9.4% 15.0% 8.9% 9.6% 9.0%
Cash flow
Cash from operations 16 26 31 26 40 37 51 50 45 49 43 83 84 61 76 52 61 61
Capital spending 9 10 11 10 11 16 30 17 16 14 15 15 25 26 18 16 21 24
Free cash flow 7 15 21 15 29 20 22 33 29 35 28 68 59 35 58 36 40 37
Stock-based pay 2 2 2 2 4 5 4 3 3 7 2 3 6 6 8 7 8 8
Free cash flow after stock pay 5 14 19 13 26 16 17 30 26 29 26 64 54 29 50 29 32 30
Balance sheet
Cash 4 1 0 2 1 3 3 1 1 1 1 1 1 1 2 1 2 3
Total debt 0 1 136 175 156 162 208 219 229 319 91 6 5 4 6 5 528 526
Net debt (negative = net cash) −4 −1 135 173 155 159 205 218 228 318 90 5 3 3 4 4 527 523
Diluted shares 18m 18m 18m 18m 22m 18m 18m 17m 18m 18m 18m 18m 18m 16m 15m 15m 16m 16m
Returned to shareholders
Dividends — 0 1 2 2 2 2 2 4 6 5 6 7 7 7 7 7 7
Buybacks 4 0 1 5 0 0 45 0 16 16 9 0 140 37 0 0 — —
Total returned 4 0 2 6 2 2 47 2 20 22 15 6 147 43 7 7 7 7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $1.4bn
Short-term assets $68mLonger-term assets $1.3bn
What it owes, and who funded it · $1.4bn
Short-term liabilities $46mLonger-term liabilities $1.0bnShareholders' equity $279m
  • Short-term assets cover short-term liabilities $68m of assets due within a year against $46m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $68m short-term assets against $1.0bn of longer-dated liabilities.
  • More cash than debt $3m of cash against $6m of debt.
  • Debt below 40% of shareholders' equity Debt is 2% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 3% to 2% over five years.
  • A year's operating cash flow covers at least 20% of debt $61m of operating cash flow against $6m of debt.
  • Operating profit covers interest at least five times over Operating income of $91m against $28m of interest.

From Carriage Services Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$7.1M
Diluted share count
+1.6%
year over year
Total shareholder yield
1.3%
dividends 1.3% + buybacks 0.0% of market value
Dividend payout ratio
16%
of net income paid out
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialized consumer services
Last 12 months unless stated CSV EVGO RGS BODI PLBY ABLV Median
Revenue, last 12 months $417m $403m $224m $219m $125m $105m $222m
Revenue growth, last 12 months 2.4% 30.7% 6.8% −32.5% 4.5% −17.0% 5.8%
Revenue growth, 3-year average 3.7% 52.5% −1.3% −28.3% −8.0% — 3.7%
Revenue growth, latest quarter 0.8% −15.7% −7.3% −22.4% 10.9% — 2.8%
Gross margin 35.1% 19.3% 47.0% 73.3% 72.7% 11.3% 35.1%
Operating margin 21.9% −30.5% 10.9% 8.2% 4.3% −0.5% 2.2%
Operating margin, 3-year average 22.0% −47.2% 10.2% −10.4% −33.4% — −3.8%
Net margin 10.7% −13.5% 3.1% 5.7% 0.2% 0.8% 1.9%
Cash from operations / revenue 14.7% −13.3% 5.8% 5.0% 2.4% 1.1% 8.7%
Free-cash-flow margin 9.0% −48.0% 5.0% 3.4% 1.3% 1.1% 6.6%
Free-cash-flow margin, 3-year average 9.6% −45.6% 3.2% 0.5% −11.8% — 5.7%
Stock pay / revenue 1.9% 5.5% 0.4% 2.0% 4.8% — 1.9%
Change in share count 1.6% 13.5% 7.4% 7.2% 28.2% 16.0% 4.4%

Median of all 18 companies we cover in specialized consumer services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

18 specialized consumer services companies
Measure Company Peer median Rank
Revenue growth Growth 2.4% 6.7% 13 of 18
Change in growth rate Growth +0.2pp -1.2pp 5 of 18
Gross margin Profitability 35.1% 35.1% 7 of 14
Operating margin Profitability 21.9% 4.3% 4 of 16
Net margin Profitability 10.7% 3.1% 6 of 18
Free-cash-flow margin Cash generation 9.0% 8.3% 8 of 18
Stock pay as % of revenue Cash generation 1.9% 2.0% 8 of 16
Long-term debt as % of assets Balance sheet 0.4% 26.1% 2 of 15
Change in share count Balance sheet 1.6% 7.2% 7 of 15
Days sales outstanding Balance sheet 38 days 19 days 10 of 11

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Funeral Home $269M 64.5% ▲ 2.3%
Cemetery $148M 35.5% ▲ 5.1%
Products and services
Line of business Revenue YoY
Service Revenue $191M ▲ 4.5%
Funeral and Cemetery Services $191M ▲ 4.5%
Property and Merchandise $189M ▲ 0.8%
Cemetery Interment Rights $94.8M ▲ 7.2%
Merchandise $93.7M ▼ 4.8%
Other Revenue $37.7M ▲ 10.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Carriage Services Inc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$518M
Institutions reporting
158
Shares held vs prior quarter
▲ 7.7%
Positions opened / closed
15 / 22

Top buyers and sellers, Q2 2026: 83 institutions bought and 64 sold ; the biggest buyer was T. Rowe Price Investment Management, Inc (+554K shares) and the biggest seller Lazard Asset Management LLC (−68K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $91.3M 2.4M 17.6% ▲ 0.1%
Blackrock, Inc. $42.2M 1.1M 8.1% ▲ 7.7%
T. Rowe Price Investment Management, Inc. $27.8M 726K 5.4% ▲ 321.3%
Vanguard Capital Management LLC $24.7M 645K 4.8% ▲ 1.0%
Dimensional Fund Advisors LP $24.3M 634K 4.7% ▲ 3.9%
Ameriprise Financial Inc $20.9M 545K 4.0% ▲ 5.6%
LSV Asset Management $20.8M 543K 4.0% ▼ 0.7%
Renaissance Technologies LLC $16.8M 437K 3.2% ▲ 2.2%
Geode Capital Management, LLC $14.6M 380K 2.8% ▲ 6.8%
Polar Asset Management Partners Inc. $12.5M 326K 2.4% ▲ 28.3%
State Street Corp $11.9M 309K 2.3% ▲ 0.5%
Two Sigma Investments, LP $11.6M 303K 2.2% ▼ 16.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Carriage Services Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on Carriage Services Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Carriage Services Inc in brief

What does Carriage Services Inc do?
Carriage Services Inc is a US-listed company in the specialized consumer services industry. Its financial year ends in December.
What is Carriage Services Inc's stock ticker?
Carriage Services Inc trades under the ticker CSV on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Carriage Services Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Carriage Services Inc reported revenue of $417M, 2.4% higher than a year earlier, according to its SEC filings.
What is Carriage Services Inc's free cash flow?
Carriage Services Inc's free-cash-flow margin is 9.0% of revenue over the trailing twelve months, ranking 8 of the 18 specialized consumer services companies we cover.
Who are Carriage Services Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and T. Rowe Price Investment Management, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Carriage Services Inc's market cap?
On November 2, 2026, Carriage Services Inc's market capitalisation was about $551M, with a price-to-earnings ratio of 12.4 and net debt of $523M. Market figures come from third-party market data and may be delayed.
Does Carriage Services Inc pay a dividend?
Yes: Carriage Services Inc paid $7.1M in dividends over the trailing twelve months, a dividend yield of 1.28% and a payout ratio of 15.9%.
How much debt does Carriage Services Inc have?
Carriage Services Inc's debt-to-equity ratio is 2.2%, from its latest balance sheet (3.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Carriage Services Inc's competitors?
In our Specialized Consumer Services peer group, the companies closest to Carriage Services Inc are Evgo Inc., Regis Corp, Beachbody Company, Inc., Playboy, Inc. and Able View Global Inc. The side-by-side comparison below sets their revenue, margins and growth against Carriage Services Inc's.
When is Carriage Services Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Carriage Services Inc announces its own schedule.