Service Corporation International (SCI) is a death care services company that owns and operates funeral homes and cemeteries across North America. Revenue comes from selling funeral services, funeral merchandise, cemetery interment rights, and cemetery merchandise and services on both an at-need (immediate) and pre-need (pre-arranged) basis. Pre-need contracts are funded through insurance policies or trust arrangements, with revenue recognized at the time of delivery. Cemetery perpetual care trust funds, established to maintain cemetery grounds in perpetuity, generate investment earnings that offset ongoing maintenance costs. SCI operates two reportable segments: funeral and cemetery. Cemetery merchandise and services include stone and bronze memorials, markers, outer burial containers, floral placement, graveside services, urns, cremation niches, and mausoleum spaces. The business is capital-intensive, carrying meaningful debt, and demand is driven primarily by death rates and demographic trends. The 10-K covers fiscal year ended December 31, 2025, filed February 12, 2026.

Revenue model

Transactional and deferred-contract model. Revenue is generated at-need (immediate service delivery) and pre-need (contracts sold in advance, held in trust or insurance, recognized upon fulfillment). Cemetery perpetual care trusts distribute investment earnings to fund ongoing grounds maintenance.

Products and services

Funeral services and merchandise; cemetery interment rights (developed lots, lawn crypts, mausoleum spaces, cremation niches, cremation memorialization property); cemetery merchandise and services including stone and bronze memorials, markers, outer burial containers, floral placement, graveside services, urns, and interments; cemetery perpetual care trust management.

Customers and end markets

Individual consumers purchasing funeral and cemetery services, either at the time of death (at-need) or in advance of death (pre-need). End market demand is driven by mortality rates and demographic trends.

Value-chain role

Direct-to-consumer operator of funeral homes and cemeteries. Owns and operates locations, sells merchandise and services, and manages trust and insurance funding vehicles for pre-need contracts.

Geographic exposure

North America, based on 10-K filing scope. Specific country or state-level breakdown not supported by available filing excerpts.

Source: SEC 10-K, filed 2026-02-12

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