Carriage Services (CSV) Financials

$38.86 +0.42 (+1.08%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$38.40 -0.47 (-1.20%)

As of 04:58 AM Eastern

Annual Income Statements for Carriage Services

This table shows Carriage Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	41	33	34
Consolidated Net Income / (Loss)	41	33	34
Net Income / (Loss) Continuing Operations	41	33	33
Total Pre-Tax Income	57	46	50
Total Operating Income	80	81	82
Total Gross Profit	119	124	143
Total Revenue	370	383	404
Operating Revenue	370	383	404
Total Cost of Revenue	251	258	261
Operating Cost of Revenue	251	258	261
Total Operating Expenses	40	43	62
Selling, General & Admin Expense	37	42	59
Impairment Charge	2.03	1.19	2.58
Total Other Income / (Expense), net	-23	-35	-32
Interest Expense	26	36	32
Other Income / (Expense), net	3.36	1.72	0.36
Income Tax Expense	16	13	16
Basic Earnings per Share	$2.78	$2.24	$2.17
Weighted Average Basic Shares Outstanding	14.86M	14.80M	14.97M
Diluted Earnings per Share	$2.63	$2.14	$2.10
Weighted Average Diluted Shares Outstanding	15.71M	15.46M	15.44M
Weighted Average Basic & Diluted Shares Outstanding	14.89M	15.14M	15.65M
Cash Dividends to Common per Share	$0.45	$0.45	$0.45

This table shows Carriage Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	5.86	7.79	8.84	8.29	4.65	12	6.97	6.26	9.87	11
Consolidated Net Income / (Loss)	5.86	7.79	8.84	8.29	4.65	12	6.97	6.26	9.87	11
Net Income / (Loss) Continuing Operations	5.86	8.23	8.78	8.29	4.72	12	7.20	6.26	9.92	9.57
Total Pre-Tax Income	8.64	12	12	12	6.78	16	11	10	15	14
Total Operating Income	15	20	21	21	16	24	19	18	23	21
Total Gross Profit	26	31	31	31	27	35	37	37	35	34
Total Revenue	87	94	96	98	90	99	103	102	101	98
Operating Revenue	87	94	96	98	90	99	103	102	101	98
Total Cost of Revenue	62	62	64	66	63	64	66	65	65	64
Operating Cost of Revenue	62	62	64	66	63	64	66	65	65	64
Total Operating Expenses	10	12	10	10	12	11	18	19	13	13
Selling, General & Admin Expense	10	9.35	10	10	11	10	16	19	12	12
Impairment Charge	-0.01	2.46	0.24	0.27	0.42	0.26	1.55	0.02	0.39	0.63
Total Other Income / (Expense), net	-6.72	-8.17	-8.22	-9.04	-8.91	-8.38	-8.76	-7.91	-8.10	-6.95
Interest Expense	6.68	7.69	8.54	9.40	9.28	9.05	8.71	8.32	8.04	7.00
Other Income / (Expense), net	-0.04	-0.49	0.32	0.36	0.37	0.67	-0.04	0.41	-0.07	0.05
Income Tax Expense	2.64	3.67	3.57	3.42	2.06	4.14	3.52	4.20	4.93	3.43
Weighted Average Basic Shares Outstanding	14.69M	14.86M	14.76M	14.79M	14.82M	14.80M	14.88M	14.97M	15.01M	14.97M
Weighted Average Diluted Shares Outstanding	15.54M	15.71M	15.47M	15.45M	15.51M	15.46M	15.31M	15.40M	15.49M	15.44M
Weighted Average Basic & Diluted Shares Outstanding	14.71M	14.89M	14.93M	14.97M	14.98M	15.14M	15.17M	15.21M	15.22M	15.65M
Cash Dividends to Common per Share	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11	$0.11

This table details how cash moves in and out of Carriage Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	0.02	0.35	-0.36
Net Cash From Operating Activities	61	76	52
Net Cash From Continuing Operating Activities	61	76	52
Net Income / (Loss) Continuing Operations	41	33	33
Consolidated Net Income / (Loss)	41	33	33
Depreciation Expense	20	21	23
Amortization Expense	1.84	2.10	1.98
Non-Cash Adjustments To Reconcile Net Income	-9.82	9.93	14
Changes in Operating Assets and Liabilities, net	7.82	9.03	-20
Net Cash From Investing Activities	-52	-57	-3.64
Net Cash From Continuing Investing Activities	-52	-57	-3.64
Purchase of Property, Plant & Equipment	-26	-18	-16
Acquisitions	-34	-45	0.00
Sale of Property, Plant & Equipment	5.03	4.13	12
Other Investing Activities, net	2.44	1.40	0.40
Net Cash From Financing Activities	-8.51	-18	-49
Net Cash From Continuing Financing Activities	-8.51	-18	-49
Repayment of Debt	-120	-98	-99
Repurchase of Common Equity	-37	0.00	0.00
Payment of Dividends	-6.76	-6.71	-6.81
Issuance of Debt	155	86	55
Issuance of Common Equity	1.75	1.49	2.63
Other Financing Activities, net	-2.13	-1.42	-0.59

This table details how cash moves in and out of Carriage Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-0.24	0.35	0.12	-0.32	0.71	-0.15	0.17	-0.19	-0.24	-0.10
Net Cash From Operating Activities	20	11	26	13	23	14	20	2.16	21	9.28
Net Cash From Continuing Operating Activities	20	11	26	13	23	14	20	2.16	21	9.28
Net Income / (Loss) Continuing Operations	5.86	8.22	8.84	8.29	4.65	12	6.97	6.26	9.87	9.86
Consolidated Net Income / (Loss)	5.86	8.22	8.84	8.29	4.65	12	6.97	6.26	9.87	9.86
Depreciation Expense	4.72	5.19	4.77	5.67	5.19	5.49	5.46	6.20	5.61	5.62
Amortization Expense	0.59	0.12	0.62	0.63	0.64	0.21	0.64	0.65	0.62	0.07
Non-Cash Adjustments To Reconcile Net Income	0.64	-0.39	8.18	8.55	-1.35	-5.45	-12	8.19	6.25	12
Changes in Operating Assets and Liabilities, net	8.07	-2.15	3.46	-9.82	14	1.85	19	-19	-1.49	-18
Net Cash From Investing Activities	-13	-30	-47	-2.61	-3.49	-3.62	7.37	-2.98	-3.68	-4.35
Net Cash From Continuing Investing Activities	-13	-30	-47	-2.61	-3.49	-3.62	7.37	-2.98	-3.68	-4.35
Purchase of Property, Plant & Equipment	-6.88	-5.74	-4.98	-3.98	-4.11	-4.97	-3.55	-3.55	-4.61	-4.39
Net Cash From Financing Activities	-7.59	19	22	-11	-18	-10	-27	0.64	-17	-5.03
Net Cash From Continuing Financing Activities	-7.59	19	22	-11	-18	-10	-27	0.64	-17	-5.03
Repayment of Debt	-23	-18	-29	-22	-20	-26	-39	-10	-23	-27
Payment of Dividends	-1.65	-1.66	-1.66	-1.68	-1.68	-1.69	-1.69	-1.70	-1.71	-1.71
Issuance of Debt	17	41	52	13	3.40	18	14	11	7.30	23
Issuance of Common Equity	0.38	0.31	0.53	0.40	0.28	0.29	0.35	1.60	0.24	0.45
Other Financing Activities, net	-0.00	-1.84	-0.10	-0.28	-0.37	-0.68	-0.42	-0.00	-0.47	0.30

This table presents Carriage Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,193	1,268	1,280
Total Current Assets	38	42	45
Cash & Equivalents	1.17	1.52	1.17
Accounts Receivable	24	27	30
Inventories, net	7.61	8.35	7.92
Prepaid Expenses	4.73	4.79	4.12
Other Current Assets	-	0.00	1.14
Plant, Property, & Equipment, net	278	287	273
Total Noncurrent Assets	877	939	962
Noncurrent Note & Lease Receivables	27	36	51
Goodwill	410	424	415
Other Noncurrent Operating Assets	440	480	477
Other Noncurrent Nonoperating Assets	-	0.00	19
Total Liabilities & Shareholders' Equity	1,193	1,268	1,280
Total Liabilities	1,056	1,095	1,071
Total Current Liabilities	45	51	58
Short-Term Debt	3.17	3.84	3.91
Accounts Payable	12	12	15
Accrued Expenses	31	35	38
Other Current Nonoperating Liabilities	-	0.00	0.24
Total Noncurrent Liabilities	1,010	1,044	1,013
Long-Term Debt	588	579	537
Capital Lease Obligations	22	22	20
Noncurrent Deferred & Payable Income Tax Liabilities	49	52	51
Other Noncurrent Operating Liabilities	352	391	391
Other Noncurrent Nonoperating Liabilities	-	0.00	14
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	137	173	209
Total Preferred & Common Equity	137	173	209
Total Common Equity	137	173	209
Common Stock	239	242	244
Retained Earnings	177	210	243
Treasury Stock	-279	-279	-279

This table presents Carriage Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,147	1,225	1,242	1,255	1,261	1,269	1,275
Total Current Assets	36	44	38	40	40	43	44
Cash & Equivalents	0.82	1.29	0.97	1.68	1.69	1.50	1.26
Accounts Receivable	23	24	25	26	27	29	31
Inventories, net	7.68	9.53	8.45	9.09	8.25	8.26	8.23
Prepaid Expenses	4.13	8.99	3.61	4.03	3.91	3.97	3.20
Plant, Property, & Equipment, net	276	289	288	288	282	280	280
Total Noncurrent Assets	835	892	917	927	938	946	952
Noncurrent Note & Lease Receivables	26	27	33	34	37	46	50
Goodwill	394	424	424	424	415	415	415
Other Noncurrent Operating Assets	416	442	460	469	486	485	487
Total Liabilities & Shareholders' Equity	1,147	1,225	1,242	1,255	1,261	1,269	1,275
Total Liabilities	1,018	1,078	1,086	1,094	1,081	1,081	1,077
Total Current Liabilities	50	50	43	53	56	51	60
Short-Term Debt	3.10	3.46	3.57	3.81	3.95	3.92	4.02
Accounts Payable	9.33	11	9.40	12	13	16	15
Accrued Expenses	37	35	30	38	39	31	41
Total Noncurrent Liabilities	969	1,028	1,043	1,041	1,025	1,031	1,017
Long-Term Debt	562	607	598	582	549	550	535
Capital Lease Obligations	22	22	21	22	21	21	21
Noncurrent Deferred & Payable Income Tax Liabilities	47	49	49	49	50	51	50
Other Noncurrent Operating Liabilities	336	350	375	388	405	409	411
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	129	147	156	161	180	188	198
Total Preferred & Common Equity	129	147	156	161	180	188	198
Total Common Equity	129	147	156	161	180	188	198
Common Stock	239	240	241	241	241	243	244
Retained Earnings	169	186	194	199	217	223	233
Treasury Stock	-279	-279	-279	-279	-279	-279	-279

This table displays calculated financial ratios and metrics derived from Carriage Services' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-1.52%	3.34%	5.67%
EBITDA Growth	13.67%	1.13%	1.05%
EBIT Growth	19.13%	-0.47%	-0.65%
NOPAT Growth	-15.59%	1.57%	-4.22%
Net Income Growth	28.02%	-18.41%	1.76%
EPS Growth	45.30%	-18.63%	-1.87%
Operating Cash Flow Growth	-27.56%	23.87%	-31.21%
Free Cash Flow Firm Growth	-82.23%	115.39%	125.46%
Invested Capital Growth	6.08%	3.67%	-1.71%
Revenue Q/Q Growth	-0.54%	1.30%	-0.28%
EBITDA Q/Q Growth	23.43%	5.85%	-3.17%
EBIT Q/Q Growth	31.13%	7.06%	-4.07%
NOPAT Q/Q Growth	-5.38%	7.56%	-2.79%
Net Income Q/Q Growth	-9.67%	13.02%	-2.12%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-5.53%	3.79%	-7.90%
Free Cash Flow Firm Q/Q Growth	-40.23%	1,065.42%	0.87%
Invested Capital Q/Q Growth	4.54%	1.13%	0.86%
Profitability Metrics	-	-	-
Gross Margin	32.21%	32.49%	35.48%
EBITDA Margin	28.29%	27.69%	26.48%
Operating Margin	21.54%	21.17%	20.24%
EBIT Margin	22.45%	21.62%	20.33%
Profit (Net Income) Margin	11.06%	8.74%	8.41%
Tax Burden Percent	71.60%	71.97%	67.89%
Interest Burden Percent	68.83%	56.14%	60.96%
Effective Tax Rate	28.40%	28.40%	32.11%
Return on Invested Capital (ROIC)	7.85%	7.60%	7.22%
ROIC Less NNEP Spread (ROIC-NNEP)	5.14%	3.56%	3.50%
Return on Net Nonoperating Assets (RNNOA)	23.04%	13.94%	10.60%
Return on Equity (ROE)	30.89%	21.54%	17.82%
Cash Return on Invested Capital (CROIC)	1.95%	4.00%	8.94%
Operating Return on Assets (OROA)	7.01%	6.72%	6.45%
Return on Assets (ROA)	3.45%	2.72%	2.67%
Return on Common Equity (ROCE)	30.89%	21.54%	17.82%
Return on Equity Simple (ROE_SIMPLE)	29.86%	19.31%	16.30%
Net Operating Profit after Tax (NOPAT)	57	58	56
NOPAT Margin	15.42%	15.16%	13.74%
Net Nonoperating Expense Percent (NNEP)	2.71%	4.05%	3.72%
Return On Investment Capital (ROIC_SIMPLE)	7.61%	7.46%	7.22%
Cost of Revenue to Revenue	67.79%	67.51%	64.52%
SG&A Expenses to Revenue	10.12%	11.01%	14.60%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.67%	11.32%	15.24%
Earnings before Interest and Taxes (EBIT)	83	83	82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	105	106	107
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.86	2.13	2.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.06	0.96	1.50
Price to Earnings (P/E)	9.56	11.01	17.79
Dividend Yield	1.69%	1.83%	1.13%
Earnings Yield	10.46%	9.08%	5.62%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.25	1.53
Enterprise Value to Revenue (EV/Rev)	2.71	2.54	2.88
Enterprise Value to EBITDA (EV/EBITDA)	9.58	9.17	10.88
Enterprise Value to EBIT (EV/EBIT)	12.07	11.74	14.18
Enterprise Value to NOPAT (EV/NOPAT)	17.57	16.75	20.97
Enterprise Value to Operating Cash Flow (EV/OCF)	16.44	12.85	22.40
Enterprise Value to Free Cash Flow (EV/FCFF)	70.78	31.81	16.92
Leverage & Solvency	-	-	-
Debt to Equity	4.47	3.49	2.69
Long-Term Debt to Equity	4.45	3.47	2.67
Financial Leverage	4.49	3.92	3.03
Leverage Ratio	8.94	7.93	6.68
Compound Leverage Factor	6.16	4.45	4.07
Debt to Total Capital	81.71%	77.75%	72.90%
Short-Term Debt to Total Capital	0.42%	0.49%	0.51%
Long-Term Debt to Total Capital	81.29%	77.25%	72.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	18.29%	22.25%	27.10%
Debt to EBITDA	5.85	5.71	5.24
Net Debt to EBITDA	5.84	5.69	5.23
Long-Term Debt to EBITDA	5.82	5.67	5.20
Debt to NOPAT	10.73	10.43	10.10
Net Debt to NOPAT	10.71	10.40	10.08
Long-Term Debt to NOPAT	10.68	10.36	10.03
Altman Z-Score	0.96	0.94	1.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.84	0.82	0.77
Quick Ratio	0.56	0.56	0.54
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	14	31	69
Operating Cash Flow to CapEx	289.85%	543.54%	1,286.71%
Free Cash Flow to Firm to Interest Expense	0.55	0.84	2.15
Operating Cash Flow to Interest Expense	2.36	2.08	1.62
Operating Cash Flow Less CapEx to Interest Expense	1.54	1.70	1.50
Efficiency Ratios	-	-	-
Asset Turnover	0.31	0.31	0.32
Accounts Receivable Turnover	14.87	14.85	14.12
Inventory Turnover	33.55	32.36	32.07
Fixed Asset Turnover	1.35	1.35	1.44
Accounts Payable Turnover	19.39	21.94	19.11
Days Sales Outstanding (DSO)	24.54	24.58	25.85
Days Inventory Outstanding (DIO)	10.88	11.28	11.38
Days Payable Outstanding (DPO)	18.82	16.64	19.10
Cash Conversion Cycle (CCC)	16.60	19.22	18.14
Capital & Investment Metrics	-	-	-
Invested Capital	749	776	763
Invested Capital Turnover	0.51	0.50	0.53
Increase / (Decrease) in Invested Capital	43	27	-13
Enterprise Value (EV)	1,003	971	1,165
Market Capitalization	392	368	605
Book Value per Share	$9.32	$11.55	$13.70
Tangible Book Value per Share	($18.55)	($16.73)	($13.55)
Total Capital	750	778	769
Total Debt	613	605	561
Total Long-Term Debt	610	601	557
Net Debt	612	603	560
Capital Expenditures (CapEx)	21	14	4.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.49	-7.03	-11
Debt-free Net Working Capital (DFNWC)	-4.32	-5.51	-9.59
Net Working Capital (NWC)	-7.49	-9.35	-14
Net Nonoperating Expense (NNE)	16	25	22
Net Nonoperating Obligations (NNO)	612	603	554
Total Depreciation and Amortization (D&A)	22	23	25
Debt-free, Cash-free Net Working Capital to Revenue	-1.48%	-1.84%	-2.66%
Debt-free Net Working Capital to Revenue	-1.17%	-1.44%	-2.37%
Net Working Capital to Revenue	-2.02%	-2.44%	-3.34%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.78	$2.24	$2.17
Adjusted Weighted Average Basic Shares Outstanding	14.86M	14.80M	14.97M
Adjusted Diluted Earnings per Share	$2.63	$2.14	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	15.71M	15.46M	15.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.89M	15.14M	15.65M
Normalized Net Operating Profit after Tax (NOPAT)	59	59	57
Normalized NOPAT Margin	15.81%	15.38%	14.17%
Pre Tax Income Margin	15.45%	12.14%	12.39%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.21	2.28	2.56
NOPAT to Interest Expense	2.20	1.60	1.73
EBIT Less CapEx to Interest Expense	2.40	1.90	2.44
NOPAT Less CapEx to Interest Expense	1.39	1.22	1.61
Payout Ratios	-	-	-
Dividend Payout Ratio	16.51%	20.08%	20.02%
Augmented Payout Ratio	106.04%	20.08%	20.02%

This table displays calculated financial ratios and metrics derived from Carriage Services' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.94%	-2.10%	-2.70%	7.81%	3.43%	5.24%	8.35%	4.75%	11.26%	-1.15%
EBITDA Growth	-28.75%	435.27%	-20.16%	2.21%	6.80%	23.93%	-3.07%	-6.43%	32.84%	-11.56%
EBIT Growth	-34.71%	3,389.00%	-24.22%	-0.11%	5.77%	28.47%	-7.24%	-10.97%	42.21%	-14.17%
NOPAT Growth	-36.71%	-19.66%	-20.58%	3.40%	3.33%	29.10%	-10.81%	-25.14%	40.04%	-9.41%
Net Income Growth	-55.08%	-36.02%	-46.08%	-23.97%	-20.73%	49.40%	-21.16%	-24.46%	112.40%	-6.32%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-29.69%	-24.53%	63.72%	-7.36%	14.06%	25.17%	-23.84%	-83.80%	-7.97%	-32.46%
Free Cash Flow Firm Growth	-150.67%	-200.80%	-363.26%	-435.16%	-54.94%	66.26%	177.47%	159.33%	165.38%	395.33%
Invested Capital Growth	5.39%	6.08%	9.24%	8.65%	7.16%	3.67%	-3.41%	-2.19%	-1.45%	-1.71%
Revenue Q/Q Growth	-3.42%	7.34%	1.70%	2.27%	-7.35%	9.22%	4.71%	-1.14%	-1.59%	-2.97%
EBITDA Q/Q Growth	-23.57%	19.33%	7.76%	4.00%	-20.14%	38.47%	-15.92%	0.39%	13.38%	-7.81%
EBIT Q/Q Growth	-28.14%	26.12%	9.45%	0.70%	-23.91%	53.18%	-21.21%	-3.35%	21.55%	-7.55%
NOPAT Q/Q Growth	-25.57%	28.74%	7.80%	0.09%	-25.62%	60.86%	-25.52%	-15.99%	39.14%	4.06%
Net Income Q/Q Growth	-46.23%	32.94%	13.53%	-6.31%	-43.94%	150.55%	-40.08%	-10.24%	57.63%	10.51%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	38.21%	-44.75%	135.64%	-48.52%	70.16%	-39.37%	43.39%	-89.05%	866.90%	-55.50%
Free Cash Flow Firm Q/Q Growth	-194.85%	-12.48%	-74.73%	7.65%	14.63%	75.50%	996.19%	-29.29%	-5.92%	10.65%
Invested Capital Q/Q Growth	0.00%	4.54%	4.00%	-0.06%	-1.37%	1.13%	-2.42%	1.20%	-0.62%	0.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.26%	33.47%	32.51%	31.94%	30.29%	35.03%	36.00%	36.15%	35.25%	34.44%
EBITDA Margin	23.41%	26.03%	27.58%	28.05%	24.18%	30.65%	24.67%	25.05%	28.86%	27.42%
Operating Margin	17.40%	20.90%	21.60%	21.23%	17.33%	24.20%	18.82%	17.95%	22.74%	21.55%
EBIT Margin	17.35%	20.38%	21.94%	21.60%	17.74%	24.88%	18.78%	18.36%	22.68%	21.60%
Profit (Net Income) Margin	6.70%	8.29%	9.26%	8.48%	5.13%	11.78%	6.74%	6.12%	9.80%	11.16%
Tax Burden Percent	67.83%	65.18%	71.63%	70.81%	68.55%	74.58%	65.03%	59.84%	66.44%	77.60%
Interest Burden Percent	56.92%	62.43%	58.93%	55.47%	42.21%	63.46%	55.17%	55.68%	65.04%	66.57%
Effective Tax Rate	30.56%	30.67%	28.90%	29.19%	30.37%	26.56%	32.82%	40.16%	33.20%	24.41%
Return on Invested Capital (ROIC)	6.44%	7.38%	7.57%	7.54%	6.14%	8.92%	6.45%	5.52%	8.08%	8.56%
ROIC Less NNEP Spread (ROIC-NNEP)	5.57%	6.40%	6.62%	6.48%	5.09%	7.94%	5.44%	4.72%	7.15%	7.69%
Return on Net Nonoperating Assets (RNNOA)	18.61%	28.70%	30.33%	28.24%	20.94%	31.10%	20.03%	16.41%	23.16%	23.33%
Return on Equity (ROE)	25.05%	36.07%	37.90%	35.78%	27.08%	40.02%	26.48%	21.93%	31.24%	31.88%
Cash Return on Invested Capital (CROIC)	3.40%	1.95%	-1.71%	-1.13%	0.35%	4.00%	10.84%	9.06%	8.95%	8.94%
Operating Return on Assets (OROA)	5.59%	6.36%	6.70%	6.76%	5.58%	7.74%	5.90%	5.78%	7.26%	6.86%
Return on Assets (ROA)	2.16%	2.59%	2.83%	2.66%	1.61%	3.66%	2.12%	1.93%	3.14%	3.54%
Return on Common Equity (ROCE)	25.05%	36.07%	37.90%	35.78%	27.08%	40.02%	26.48%	21.93%	31.24%	31.88%
Return on Equity Simple (ROE_SIMPLE)	35.17%	0.00%	22.69%	19.71%	18.33%	0.00%	17.57%	15.71%	17.53%	0.00%
Net Operating Profit after Tax (NOPAT)	11	14	15	15	11	18	13	11	15	16
NOPAT Margin	12.08%	14.49%	15.36%	15.03%	12.07%	17.78%	12.64%	10.74%	15.19%	16.29%
Net Nonoperating Expense Percent (NNEP)	0.88%	0.98%	0.95%	1.05%	1.05%	0.98%	1.02%	0.79%	0.93%	0.87%
Return On Investment Capital (ROIC_SIMPLE)	-	1.81%	-	-	-	2.26%	-	-	-	2.07%
Cost of Revenue to Revenue	70.74%	66.53%	67.49%	68.06%	69.71%	64.97%	64.00%	63.85%	64.75%	65.56%
SG&A Expenses to Revenue	11.87%	9.95%	10.66%	10.44%	12.49%	10.57%	15.69%	18.18%	12.12%	12.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.86%	12.58%	10.91%	10.71%	12.96%	10.83%	17.18%	18.20%	12.51%	12.89%
Earnings before Interest and Taxes (EBIT)	15	19	21	21	16	25	19	19	23	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	24	26	27	22	30	26	26	29	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.55	2.86	3.01	3.04	2.58	2.13	2.26	2.16	2.52	2.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.23	1.06	1.21	1.27	1.10	0.96	1.04	1.03	1.23	1.50
Price to Earnings (P/E)	10.08	9.56	13.27	15.43	14.05	11.01	12.88	13.74	14.37	17.79
Dividend Yield	1.45%	1.69%	1.51%	1.42%	1.62%	1.83%	1.68%	1.68%	1.37%	1.13%
Earnings Yield	9.92%	10.46%	7.54%	6.48%	7.12%	9.08%	7.77%	7.28%	6.96%	5.62%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.34	1.38	1.41	1.33	1.25	1.30	1.29	1.40	1.53
Enterprise Value to Revenue (EV/Rev)	2.81	2.71	2.92	2.93	2.71	2.54	2.51	2.48	2.61	2.88
Enterprise Value to EBITDA (EV/EBITDA)	12.31	9.58	10.96	11.12	10.21	9.17	9.31	9.47	9.57	10.88
Enterprise Value to EBIT (EV/EBIT)	16.48	12.07	14.07	14.36	13.23	11.74	12.06	12.41	12.35	14.18
Enterprise Value to NOPAT (EV/NOPAT)	17.31	17.57	20.23	20.49	18.95	16.75	17.35	18.57	18.51	20.97
Enterprise Value to Operating Cash Flow (EV/OCF)	16.17	16.44	15.12	15.66	14.03	12.85	14.10	16.80	18.73	22.40
Enterprise Value to Free Cash Flow (EV/FCFF)	44.05	70.78	0.00	0.00	390.07	31.81	11.79	14.03	15.50	16.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.56	4.47	4.30	3.99	3.77	3.49	3.20	3.06	2.82	2.69
Long-Term Debt to Equity	4.54	4.45	4.28	3.97	3.75	3.47	3.18	3.04	2.80	2.67
Financial Leverage	3.34	4.49	4.58	4.36	4.11	3.92	3.69	3.47	3.24	3.03
Leverage Ratio	7.19	8.94	9.00	8.58	8.28	7.93	7.61	7.30	7.04	6.68
Compound Leverage Factor	4.09	5.58	5.31	4.76	3.49	5.03	4.20	4.06	4.58	4.44
Debt to Total Capital	82.02%	81.71%	81.13%	79.96%	79.03%	77.75%	76.18%	75.36%	73.85%	72.90%
Short-Term Debt to Total Capital	0.43%	0.42%	0.44%	0.46%	0.50%	0.49%	0.52%	0.51%	0.53%	0.51%
Long-Term Debt to Total Capital	81.59%	81.29%	80.69%	79.50%	78.54%	77.25%	75.65%	74.85%	73.32%	72.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	17.98%	18.29%	18.87%	20.04%	20.97%	22.25%	23.82%	24.64%	26.15%	27.10%
Debt to EBITDA	6.93	5.85	6.45	6.31	6.07	5.71	5.46	5.56	5.06	5.24
Net Debt to EBITDA	6.92	5.84	6.44	6.30	6.06	5.69	5.45	5.55	5.05	5.23
Long-Term Debt to EBITDA	6.89	5.82	6.42	6.28	6.04	5.67	5.43	5.52	5.03	5.20
Debt to NOPAT	9.75	10.73	11.91	11.64	11.28	10.43	10.18	10.91	9.79	10.10
Net Debt to NOPAT	9.73	10.71	11.89	11.62	11.25	10.40	10.15	10.88	9.77	10.08
Long-Term Debt to NOPAT	9.70	10.68	11.84	11.57	11.21	10.36	10.11	10.83	9.72	10.03
Altman Z-Score	0.83	0.79	0.81	0.83	0.78	0.79	0.81	0.82	0.90	0.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.84	0.88	0.89	0.76	0.82	0.72	0.85	0.72	0.77
Quick Ratio	0.49	0.56	0.51	0.60	0.51	0.56	0.50	0.61	0.53	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	-29	-51	-47	-40	-9.89	40	28	26	29
Operating Cash Flow to CapEx	288.88%	191.42%	519.25%	334.79%	551.52%	276.48%	554.86%	60.85%	452.02%	211.49%
Free Cash Flow to Firm to Interest Expense	-3.90	-3.81	-6.00	-5.03	-4.35	-1.09	4.55	3.37	3.28	4.17
Operating Cash Flow to Interest Expense	2.98	1.43	3.03	1.42	2.44	1.52	2.26	0.26	2.60	1.33
Operating Cash Flow Less CapEx to Interest Expense	1.95	0.68	2.45	0.99	2.00	0.97	1.85	-0.17	2.02	0.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.32	0.32
Accounts Receivable Turnover	15.02	14.87	14.86	15.31	15.45	14.85	15.48	14.62	14.36	14.12
Inventory Turnover	33.49	33.55	29.31	31.73	30.60	32.36	29.24	30.99	30.14	32.07
Fixed Asset Turnover	1.37	1.35	1.31	1.34	1.34	1.35	1.37	1.39	1.43	1.44
Accounts Payable Turnover	21.15	19.39	20.14	27.65	24.57	21.94	21.53	20.24	19.61	19.11
Days Sales Outstanding (DSO)	24.30	24.54	24.56	23.85	23.62	24.58	23.57	24.96	25.41	25.85
Days Inventory Outstanding (DIO)	10.90	10.88	12.45	11.50	11.93	11.28	12.48	11.78	12.11	11.38
Days Payable Outstanding (DPO)	17.26	18.82	18.13	13.20	14.86	16.64	16.96	18.04	18.61	19.10
Cash Conversion Cycle (CCC)	17.94	16.60	18.89	22.15	20.69	19.22	19.10	18.70	18.91	18.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	716	749	779	778	767	776	752	761	756	763
Invested Capital Turnover	0.53	0.51	0.49	0.50	0.51	0.50	0.51	0.51	0.53	0.53
Increase / (Decrease) in Invested Capital	37	43	66	62	51	27	-27	-17	-11	-13
Enterprise Value (EV)	1,044	1,003	1,075	1,097	1,022	971	979	979	1,058	1,165
Market Capitalization	457	392	443	475	415	368	406	406	499	605
Book Value per Share	$8.77	$9.32	$9.88	$10.46	$10.78	$11.55	$11.86	$12.39	$13.03	$13.70
Tangible Book Value per Share	($18.02)	($18.55)	($18.57)	($17.91)	($17.53)	($16.73)	($15.54)	($14.97)	($14.25)	($13.55)
Total Capital	717	750	780	779	769	778	754	763	758	769
Total Debt	588	613	633	623	608	605	574	575	559	561
Total Long-Term Debt	585	610	629	619	604	601	570	571	555	557
Net Debt	587	612	631	622	606	603	573	573	558	560
Capital Expenditures (CapEx)	6.88	5.74	4.98	3.98	4.11	4.97	3.55	3.55	4.61	4.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-5.49	-3.93	-2.27	-11	-7.03	-13	-5.22	-14	-11
Debt-free Net Working Capital (DFNWC)	-10	-4.32	-2.64	-1.30	-9.22	-5.51	-12	-3.71	-13	-9.59
Net Working Capital (NWC)	-14	-7.49	-6.09	-4.87	-13	-9.35	-16	-7.64	-17	-14
Net Nonoperating Expense (NNE)	4.71	5.82	5.83	6.40	6.28	5.93	6.11	4.73	5.43	5.01
Net Nonoperating Obligations (NNO)	587	612	631	622	606	603	573	573	558	554
Total Depreciation and Amortization (D&A)	5.31	5.30	5.39	6.30	5.83	5.70	6.10	6.85	6.23	5.69
Debt-free, Cash-free Net Working Capital to Revenue	-3.03%	-1.48%	-1.07%	-0.61%	-2.88%	-1.84%	-3.43%	-1.32%	-3.41%	-2.66%
Debt-free Net Working Capital to Revenue	-2.81%	-1.17%	-0.72%	-0.35%	-2.44%	-1.44%	-3.00%	-0.94%	-3.10%	-2.37%
Net Working Capital to Revenue	-3.65%	-2.02%	-1.66%	-1.30%	-3.45%	-2.44%	-4.01%	-1.93%	-4.09%	-3.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	14.69M	14.86M	14.76M	14.79M	14.82M	14.80M	14.88M	14.97M	15.01M	14.97M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	15.54M	15.71M	15.47M	15.45M	15.51M	15.46M	15.31M	15.40M	15.49M	15.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.71M	14.89M	14.93M	14.97M	14.98M	15.14M	15.17M	15.21M	15.22M	15.65M
Normalized Net Operating Profit after Tax (NOPAT)	11	15	15	15	11	18	14	11	16	16
Normalized NOPAT Margin	12.08%	16.31%	15.54%	15.23%	12.39%	17.97%	13.65%	10.76%	15.45%	16.77%
Pre Tax Income Margin	9.87%	12.73%	12.93%	11.98%	7.49%	15.79%	10.36%	10.22%	14.75%	14.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.27	2.49	2.45	2.25	1.73	2.72	2.23	2.26	2.84	3.01
NOPAT to Interest Expense	1.58	1.77	1.72	1.56	1.18	1.94	1.50	1.32	1.90	2.27
EBIT Less CapEx to Interest Expense	1.24	1.74	1.87	1.82	1.29	2.17	1.82	1.83	2.27	2.39
NOPAT Less CapEx to Interest Expense	0.55	1.02	1.13	1.14	0.73	1.39	1.09	0.89	1.33	1.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.40%	16.51%	20.06%	21.60%	22.59%	20.08%	21.35%	22.90%	19.53%	20.02%
Augmented Payout Ratio	268.98%	106.04%	20.06%	21.60%	22.59%	20.08%	21.35%	22.90%	19.53%	20.02%

Frequently Asked Questions About Carriage Services' Financials

When does Carriage Services's fiscal year end?

According to the most recent income statement we have on file, Carriage Services' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Carriage Services' net income changed over the last 2 years?

Carriage Services' net income appears to be on a downward trend, with a most recent value of $34.00 million in 2024, falling from $40.95 million in 2022. The previous period was $33.41 million in 2023.

What is Carriage Services's operating income?

Carriage Services's total operating income in 2024 was $81.80 million, based on the following breakdown:

Total Gross Profit: $143.39 million
Total Operating Expenses: $61.59 million

How has Carriage Services revenue changed over the last 2 years?

Over the last 2 years, Carriage Services' total revenue changed from $370.17 million in 2022 to $404.20 million in 2024, a change of 9.2%.

How much debt does Carriage Services have?

Carriage Services' total liabilities were at $1.07 billion at the end of 2024, a 2.2% decrease from 2023, and a 1.4% increase since 2022.

How much cash does Carriage Services have?

In the past 2 years, Carriage Services' cash and equivalents has ranged from $1.17 million in 2024 to $1.52 million in 2023, and is currently $1.17 million as of their latest financial filing in 2024.

How has Carriage Services' book value per share changed over the last 2 years?

Over the last 2 years, Carriage Services' book value per share changed from 9.32 in 2022 to 13.70 in 2024, a change of 47.0%.

Remove Ads

Related Companies

This page (NYSE:CSV) was last updated on 4/16/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Carriage Services (CSV) Financials

Frequently Asked Questions About Carriage Services' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Carriage Services (CSV) Financials

Annual Income Statements for Carriage Services

Quarterly Income Statements for Carriage Services

Annual Cash Flow Statements for Carriage Services

Quarterly Cash Flow Statements for Carriage Services

Annual Balance Sheets for Carriage Services

Quarterly Balance Sheets for Carriage Services

Annual Metrics and Ratios for Carriage Services

Quarterly Metrics and Ratios for Carriage Services

Frequently Asked Questions About Carriage Services' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools