CARRIAGE SERVICES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $417.4M | $404.2M | $382.7M | $376.2M | $376.0M | $323.4M | $277.4M | $268.1M |
| Funeral Home Operating Revenue | — | — | $281.4M | $274.4M | $271.8M | $230.1M | $209.2M | $203.8M |
| Cemetery Operating Revenue | — | — | $101.2M | $101.8M | $104.2M | $93.3M | $68.3M | $64.4M |
| Cost of Revenue | $270.8M | $260.8M | $258.2M | $250.9M | $246.4M | $223.5M | $194.5M | $192.0M |
| Gross Profit | $146.7M | $143.4M | $124.3M | $119.2M | $129.5M | $105.9M | $79.6M | $75.9M |
| Gross Margin | 35.1% | 35.5% | 32.5% | 31.7% | 34.4% | 32.8% | 28.7% | 28.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $48.6M | $59.0M | $42.1M | $37.5M | $35.2M | $27.3M | $25.9M | $30.8M |
| Operating Income | $97.7M | $81.8M | $81.0M | $79.7M | $93.7M | $57.2M | $47.4M | $42.1M |
| Operating Margin | 23.4% | 20.2% | 21.2% | 21.2% | 24.9% | 17.7% | 17.1% | 15.7% |
| Interest Expense | — | — | $36.3M | $25.9M | $25.4M | $32.5M | $25.5M | $21.1M |
| Pretax Income | $70.3M | $50.1M | $46.4M | $57.2M | $44.3M | $24.6M | $22.4M | $18.3M |
| Income Tax Expense | $18.8M | $17.1M | $13.0M | $16.2M | $12.3M | $8.0M | $7.4M | $5.8M |
| Net Income | $51.5M | $33.0M | $33.4M | $41.4M | $33.2M | $16.1M | $14.5M | $11.6M |
| Net Margin | 12.3% | 8.2% | 8.7% | 11.0% | 8.8% | 5.0% | 5.2% | 4.3% |
| EPS (Basic) | $3.29 | $2.17 | $2.24 | $2.78 | $1.90 | $0.90 | $0.81 | $0.64 |
| EPS (Diluted) | $3.25 | $2.10 | $2.14 | $2.63 | $1.81 | $0.89 | $0.80 | $0.63 |
| Shares Outstanding (Basic) | 15.4M | 15.0M | 14.8M | 14.9M | 17.4M | 17.9M | 17.9M | 18.0M |
| Shares Outstanding (Diluted) | 15.6M | 15.4M | 15.5M | 15.7M | 18.3M | 18.1M | 18.0M | 18.4M |
| Dividends Per Share | $0.45 | $0.45 | $0.45 | $0.45 | $0.41 | $0.34 | $0.30 | $0.30 |