CSV Financials CARRIAGE SERVICES INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 4.8% per year over the past 5 years.
Net income has grown faster than revenue (26.2% vs 4.8% per year).
Operating margin has expanded, at 23.4% in the latest year.
Free cash flow has declined 10.0% per year over the past 5 years.

Financial health

Total debt ($528M) exceeds cash ($2M); net debt is $527M.
Total debt has grown faster than revenue (149.1% vs 4.8% per year).
Operating income covered interest expense 3.4× in the latest year.
Total debt is 4.3× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 13.6% of earnings and 17.5% of free cash flow.
The dividend has grown 3.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$417M	$52M	35.1%	23.4%	20.2%	3.8%	$40M	$528M	$2M
2024	$404M	$33M	35.5%	20.2%	15.8%	2.6%	$36M	$5M	$1M
2023	$383M	$33M	32.5%	21.2%	19.3%	2.6%	$58M	$6M	$2M
2022	$370M	$41M	32.2%	21.5%	30.2%	3.5%	$35M	$4M	$1M
2021	$376M	$33M	34.5%	24.9%	25.9%	2.8%	$59M	$5M	$1M
2020	$329M	$16M	32.2%	17.4%	6.7%	1.4%	$68M	$6M	$889000
2019	$274M	$15M	29.0%	17.3%	6.4%	1.3%	$28M	$91M	$716000
2018	$268M	$12M	28.3%	15.7%	5.3%	1.0%	$35M	$319M	$644000
2017	$258M	$37M	29.8%	19.0%	18.8%	4.1%	$29M	$0	$952000
2016	$248M	$20M	32.1%	20.2%	11.1%	2.1%	—	$219M	$952000
2015	—	$21M	—	—	13.2%	2.5%	—	$208M	$3M
2014	—	$16M	—	—	8.8%	1.9%	—	$162M	$3M
2013	—	$19M	—	—	12.4%	2.6%	—	$156M	$1M
2012	—	$11M	—	—	8.5%	1.5%	$15M	$175M	$2M
2011	—	$7M	—	—	5.5%	1.0%	$21M	$135M	$413000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$103M	$12M	34.0%	23.3%	4.4%	0.9%	$2M	$526M	$3M
Mar '26	$106M	$13M	36.4%	23.8%	5.1%	1.0%	$11M	$522M	$3M
Dec '25	$105M	$12M	34.8%	23.3%	4.8%	0.9%	$6M	$528M	$2M
Sep '25	$103M	$7M	35.3%	17.0%	2.7%	0.5%	$18M	$7M	$1M
Jun '25	$102M	$12M	35.2%	23.5%	5.0%	0.9%	$5M	$5M	$1M
Mar '25	$107M	$21M	35.3%	29.5%	9.4%	1.6%	$11M	$5M	$5M
Dec '24	$98M	$10M	34.4%	21.6%	4.7%	0.8%	$5M	$5M	$1M
Sep '24	$101M	$10M	35.2%	22.7%	5.0%	0.8%	$16M	$6M	$1M
Jun '24	$102M	$6M	36.2%	18.0%	3.3%	0.5%	-$1M	$6M	$2M
Mar '24	$103M	$7M	36.0%	18.8%	3.9%	0.6%	$16M	$6M	$2M
Dec '23	$99M	$12M	35.0%	24.2%	6.7%	0.9%	$9M	$6M	$2M
Sep '23	$90M	$5M	30.3%	17.3%	2.9%	0.4%	$19M	$4M	$2M
Jun '23	$98M	$8M	31.9%	21.2%	5.3%	0.7%	$9M	$4M	$970000
Mar '23	$96M	$9M	32.5%	21.6%	6.0%	0.7%	$21M	$4M	$1M
Dec '22	$94M	—	33.5%	20.9%	0.0%	0.0%	$5M	$4M	$1M
Sep '22	$87M	—	29.3%	17.4%	0.0%	0.0%	$13M	$4M	$821000
Jun '22	$91M	—	30.6%	21.8%	0.0%	0.0%	$8M	$4M	$1M
Mar '22	$98M	—	35.1%	25.6%	0.0%	0.0%	$9M	$4M	$887000
Dec '21	$96M	—	33.7%	24.2%	0.0%	0.0%	$5M	$5M	$1M
Sep '21	$95M	—	34.9%	24.5%	0.0%	0.0%	$22M	$5M	$1M

Valuation over time

How the market has priced CSV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 11.7× (Mar '23) to 10.8× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.3× (Nov '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CSV growing its revenue and profit?

Over the past 5 years, CARRIAGE SERVICES INC's revenue has grown 4.8% per year, and net income grown 26.2% per year. These are computed facts, not advice.

How much debt does CSV have?

As of FY2025, CARRIAGE SERVICES INC reported $528M of total debt against $2M of cash; operating income covered interest expense 3.4×.

What is CSV's profit margin?

In FY2025, gross margin was 35.1%, operating margin 23.4%, and net margin 12.3%.

What is CSV's P/E ratio?

CARRIAGE SERVICES INC's P/E (TTM) is 12.45 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CSV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.