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 41 d ago 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 10.4× (Sep '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 1.3× (Sep '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.3% (Sep '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?

As of Sep '26, CARRIAGE SERVICES INC traded at a price-to-earnings ratio of about 10.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.