Carriage Services Inc
carriageservices.comWhat Do They Do?
Provides funeral services and related merchandise to families through its funeral homes, and cemetery services, interment rights, and related goods through its cemeteries.
10-K for FY2025, filed Feb 26, 2026Carriage Services, Inc. (“Carriage,” the “Company,” “we,” “us,” or “our”) was incorporated in the State of Delaware in December 1993 and is…View ↗
Our funeral homes offer a complete range of services to meet a family’s funeral needs, including consultation, the removal and preparation…View ↗
Our cemeteries provide interment rights (primarily grave sites, lawn crypts, mausoleum spaces, and niches), related cemetery merchandise…View ↗
How Do They Make Money?
Funeral homes earn revenue from funeral and cremation services and related merchandise; cemeteries sell interment rights, merchandise, and services. Families can arrange purchases before death, with funds placed in trusts or third-party insurance; revenue comes when services are performed or merchandise is delivered.
10-K for FY2025, filed Feb 26, 2026Our funeral home operations are principally service businesses that generate revenue from sales of burial and cremation services and…View ↗
Our cemetery operations generate revenue primarily through sales of cemetery interment rights (primarily grave sites, lawn crypts…View ↗
Preneed sales generally require deposits to a trust or purchase of a third-party insurance product. Trust fund income earned, along with…View ↗
$417.4M
-
10-K for FY2025, filed Feb 26, 2026
$417.4M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service revenue
|
46%
FY2022: 49%
|
Service revenue, FY2025
$191.3M Sources
|
|
Property and merchandise revenue
|
45%
FY2022: 44%
|
Property and merchandise revenue, FY2025
$188.5M Sources
|
|
Other revenue
|
9.0%
FY2022: 7.3%
|
Other revenue, FY2025
$37.7M Sources
|
Who Are Their Customers?
Families arrange funeral services and buy related goods through Carriage's funeral homes, and buy interment rights, merchandise, and services through its cemeteries. Local sales teams also market funeral and cemetery contracts arranged before death.
10-K for FY2025, filed Feb 26, 2026Our funeral homes offer a complete range of services to meet a family’s funeral needs, including consultation, the removal and preparation…View ↗
Our cemeteries provide interment rights (primarily grave sites, lawn crypts, mausoleum spaces, and niches), related cemetery merchandise…View ↗
Funeral and cemetery arrangements sold prior to death occurring are referred to as preneed contracts. We market funeral and cemetery…View ↗
Approximately 64% of our cemetery operating revenue is derived from preneed property sales. Our preneed cemetery strategy is to build…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 10 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$97.7MView ↗
10-K for FY2025, filed Feb 26, 2026
$51.5MView ↗
10-K for FY2025, filed Feb 26, 2026
$40.1MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 11% in 4 years, from $375.9M in FY2021 to $417.4M in FY2025, about 3% a year.
Who Do They Compete With?
Competes with Service Corporation International
10-K for FY2025, filed Feb 26, 2026The funeral and cemetery industry has been, and remains, highly competitive. The largest publicly held operators, in terms of revenue, of…View ↗
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