Carriage Services, Inc. (CSV) Income Statement
CSV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCSV revenue and net income
Where CSV's revenue goes
2025Each bar shows an amount and its share of revenue. CSV kept 12.3% of revenue as net income.
CSV profit margins
CSV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.3% | +4.1% | +4.8% | +5.6% |
| Gross profit | +2.3% | +7.2% | +6.7% | +6.6% |
| Operating income | +19.8% | +7.1% | +11.4% | +7.3% |
| Net income | +56.3% | +7.6% | +26.2% | +9.5% |
| EPS (diluted) | +21.2% | +7.3% | +11.2% | +8.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CSV quarterly EPS vs estimates
Carriage Services beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.81).
CSV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $417.4M | $404.2M | $382.5M | $370.2M | $375.9M | $329.4M | $274.1M | $268.0M | $258.1M | $248.2M |
| Cost of revenue | $270.8M | $260.8M | $258.2M | $250.9M | $246.4M | $223.5M | $194.5M | $192.0M | $181.3M | $168.6M |
| Gross profit | $146.7M | $143.4M | $124.3M | $119.2M | $129.5M | $105.9M | $79.6M | $75.9M | $76.8M | $79.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $48.6M | $59.0M | $42.1M | $37.5M | $35.2M | $27.3M | $25.9M | $30.8M | $26.3M | $27.9M |
| Total operating expenses | $48.6M | $61.6M | $43.3M | $39.5M | $35.9M | $48.7M | $27.3M | $32.6M | $27.9M | $29.4M |
| Operating income | $98.0M | $81.8M | $81.0M | $79.7M | $93.7M | $57.2M | $52.3M | $43.3M | $48.9M | $50.2M |
| Interest income | $28.4M | $32.1M | $36.3M | $25.9M | $25.5M | $32.7M | $25.8M | $23.3M | $17.3M | $17.4M |
| Interest expense | $28.4M | $32.1M | $36.3M | $25.9M | $25.5M | $32.7M | $25.8M | $23.3M | $17.3M | $15.6M |
| Income before taxes | $70.3M | $50.1M | $46.4M | $57.2M | $44.3M | $24.6M | $22.4M | $18.3M | $32.8M | $32.2M |
| Income taxes | $18.8M | $17.1M | $13.0M | $15.8M | $11.1M | $8.6M | $7.9M | $6.6M | −$4.4M | $12.7M |
| Net income | $51.5M | $33.0M | $33.4M | $41.4M | $33.2M | $16.1M | $14.5M | $11.6M | $37.2M | $19.6M |
| EBITDA | $124.3M | $106.4M | $105.2M | $102.9M | $91.6M | $78.1M | $67.2M | $59.0M | $66.0M | $56.9M |
| EPS (diluted) | $3.20 | $2.64 | $2.19 | $2.59 | $3.05 | $1.88 | $1.25 | $1.18 | $1.39 | $1.63 |
| Gross margin | 35.1% | 35.5% | 32.5% | 32.2% | 34.5% | 32.2% | 29.0% | 28.3% | 29.8% | 32.1% |
| Operating margin | 23.5% | 20.2% | 21.2% | 21.5% | 24.9% | 17.4% | 19.1% | 16.2% | 19.0% | 20.2% |
| Net margin | 12.3% | 8.2% | 8.7% | 11.2% | 8.8% | 4.9% | 5.3% | 4.3% | 14.4% | 7.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.9M | $106.1M | $105.5M | $102.7M | $102.1M | $107.1M | $97.7M | $100.7M | $102.3M | $103.5M | $98.8M | $90.5M |
| Cost of revenue | $67.9M | $67.5M | $68.8M | $66.5M | $66.2M | $69.2M | $64.1M | $65.2M | $65.3M | $66.2M | $64.2M | $63.1M |
| Gross profit | $35.0M | $38.6M | $36.7M | $36.2M | $35.9M | $37.8M | $33.6M | $35.5M | $37.0M | $37.3M | $34.6M | $27.4M |
| Sales, general & admin | $11.0M | $13.1M | $12.5M | $12.2M | $11.9M | $12.0M | $12.0M | $12.2M | $18.6M | $16.2M | $10.4M | $11.3M |
| Total operating expenses | $11.1M | $13.1M | $12.5M | $12.2M | $11.9M | $6.3M | $12.6M | $12.6M | $18.6M | $17.8M | $74.7M | $11.7M |
| Operating income | $24.0M | $25.6M | $24.2M | $24.0M | $24.0M | $31.6M | $21.1M | $22.9M | $18.4M | $19.5M | $24.2M | $15.7M |
| Interest income | — | — | $7.1M | $6.9M | $7.0M | $7.3M | $7.0M | $8.0M | — | — | — | $9.3M |
| Interest expense | $6.7M | $6.9M | $7.1M | $6.9M | $7.0M | $7.3M | $7.0M | $8.0M | $8.3M | $8.7M | $9.1M | $9.3M |
| Income before taxes | $17.2M | $18.4M | $17.4M | $9.7M | $16.9M | $26.3M | $14.1M | $14.8M | $10.5M | $10.7M | $15.6M | $6.8M |
| Income taxes | $4.9M | $4.9M | $5.2M | $3.1M | $5.1M | $5.3M | $4.2M | $5.0M | $4.2M | $3.7M | $4.3M | $2.1M |
| Net income | $12.3M | $13.5M | $12.3M | $6.5M | $11.7M | $20.9M | $9.9M | $9.9M | $6.3M | $7.0M | $11.6M | $4.6M |
| EBITDA | $31.5M | $31.6M | $31.2M | $23.4M | $30.4M | $39.0M | $27.0M | $28.8M | $25.3M | $25.2M | $23.9M | $21.6M |
| EPS (diluted) | $0.78 | $0.86 | $0.75 | $0.75 | $0.74 | $0.96 | $0.62 | $0.64 | $0.63 | $0.75 | $0.77 | $0.33 |
| Gross margin | 34.0% | 36.4% | 34.8% | 35.2% | 35.2% | 35.3% | 34.4% | 35.2% | 36.2% | 36.0% | 35.0% | 30.3% |
| Operating margin | 23.3% | 24.1% | 22.9% | 23.4% | 23.5% | 29.5% | 21.6% | 22.7% | 18.0% | 18.8% | 24.5% | 17.3% |
| Net margin | 11.9% | 12.7% | 11.6% | 6.3% | 11.5% | 19.5% | 10.1% | 9.8% | 6.1% | 6.7% | 11.8% | 5.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CSV's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CSV financial results
In fiscal year 2025 (ended December 31, 2025), Carriage Services reported revenue of $417.4 million, up 3.3% from the year before. It had net income of $51.5 million (up 56.3%), a net profit margin of 12.3%. Diluted earnings per share came to $3.20. Over five years revenue grew at an average rate of 4.8% a year.
See the CSV stock overview for the latest quote and news, or the CSV chart for price history and technical indicators.
CSV income statement FAQ
What is Carriage Services's annual revenue?
Carriage Services reported total revenue of $417.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.3% from $404.2 million the previous year.
Is Carriage Services profitable?
Yes. Carriage Services reported net income of $51.5 million in fiscal 2025, a net profit margin of 12.3%; its operating margin was 23.5%.
What is Carriage Services's gross margin?
Carriage Services's gross margin was 35.1% in fiscal 2025: for every $100 of revenue, Carriage Services kept $35 after the direct cost of its products and services.
How fast is Carriage Services growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $329.4 million to $417.4 million.
What are Carriage Services's earnings per share?
Carriage Services earned $3.20 per diluted share in fiscal 2025, compared with $2.64 a year earlier.
When will Carriage Services report its next earnings?
Carriage Services is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Carriage Services's fiscal year end?
Carriage Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.