CARRIAGE SERVICES INC (CSV)
Consumer Discretionary · Funeral and cemetery services · NYSE
A U.S. regional consolidator of funeral homes and cemeteries offering at-need and preneed deathcare services with exposure to cremation and memorialization trends.
What CARRIAGE SERVICES INC does
Carriage Services is a leading U.S. provider of funeral and cemetery services and merchandise, operating 155 funeral homes across 24 states and 28 cemeteries across 9 states. The company generates approximately 65% of revenue from funeral home operations and 35% from cemetery operations, offering services on both an "at-need" (at time of death) and "preneed" (pre-planned) basis. Products and services include ceremony and tribute, care of remains through burial or cremation, memorialization through monuments and markers, and related merchandise such as caskets and outer burial containers.
Themes: ["Funeral services / at-need deathcare","Preneed planning and insurance-funded arrangements","Cemetery operations and perpetual care","Cremation services / shifting cremation trends","Regional consolidation in deathcare"]
Fundamentals
- Price$38.07 as of 2026-07-09 close
- Market cap$615M as of 2026-07-10
- 1-year return-18.7% as of 2026-07-09 close
- P/E13.96 as of 2026-07-10
- Net margin+10.6% as of 2026-07-10
- Gross margin+35.4% as of 2026-07-10
- ROE+17.6% as of 2026-07-10
- Debt / equity2.01 as of 2026-07-10
- Revenue growth (YoY)+2.1% as of 2026-07-10
- Revenue CAGR (3y)+4.1% SEC XBRL
- Beta0.79 as of 2026-07-10
Dividend: yield +1.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to cremation trend growth, which may reduce traditional burial service demand and associated higher-margin merchandise sales.","Preneed partnership clawback risk: the exclusive insurance partnership agreement (entered 2023) is subject to partial claw-back of a $6.0 million incentive payment if preneed funeral sales volumes do not meet contracted thresholds over the ten-year term.","Dependence on acquisition strategy for growth; 2025 saw acquisitions of 8 funeral homes and 1 cemetery offset by divestitures of 13 funeral homes and 4 cemeteries, creating integration and portfolio management risk."]
Competitors & peers
- Service Corporation International (SCI)
- Dignity Memorial (Stonemor Inc.)
- Matthews International Corporation
- Independent and local funeral home operators
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.