10-K · February 26, 2026
Carriage Services positions itself as a market leader in U.S. funeral and cemetery services with a two-segment model (Funeral Homes ~65% / Cemeteries ~35%) and a strategy centered on Disciplined Capital Allocation,…
Earnings analysis · 10-Q
CSV earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
For Q1 2026, Carriage Services, Inc. posted revenues of $106.1 million, falling short of the $111.3 million forecast and showing a slight decline from $107.1 million in Q1 2025. Net income dropped to $13.5 million from…
Read full summary
For Q1 2026, Carriage Services, Inc. posted revenues of $106.1 million, falling short of the $111.3 million forecast and showing a slight decline from $107.1 million in Q1 2025. Net income dropped to $13.5 million from $20.9 million in the prior year, correlating with a notable 37.3% decline in EPS to $0.86, down from $1.34. While cemetery operations and preneed services saw some growth, overall performance was affected by divested revenue and operational challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.86
What stood out
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Revenue Declines
Q1 2026 revenue at $106.1M, down 0.9% from $107.1M YoY.
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EPS Decline
Diluted EPS decreased by 35.5% to $0.86 from $1.34 in the prior year.
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Cemetery Segment Growth
Cemetery operations revenue increased by 6.0%, driven by higher interment rights prices.
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Operating Cash Flow Increases
Operating cash flow grew to $14.9M compared to $13.8M YoY.
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Lower Financing Activities Outflow
Net cash used in financing activities decreased to $9.8M from $25.8M YoY.
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Positive Preneed Insurance Growth
Preneed insurance contracts sold increased by 8.0% to 2,927 contracts.
What to watch
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Significant EPS Decline
EPS of $0.86 represents a 37.3% drop from $1.34 last year.
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Decreased Revenue from Divestitures
Divested revenues significantly impacted total revenue negatively.
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Increased Operating Expenses
General, administrative expenses rose by $1.0M, impacting profit margins.
Management's outlook
The company maintains its 2026 revenue guidance of $440M-$450M and EPS guidance of $3.35-$3.55.
Earlier filings 4
10-Q · November 6, 2025
Carriage Services reported Q3 2025 revenue of $102.742 million, up from $101 million in Q3 2024, reflecting growth driven primarily by better performance in service and merchandise revenues. The diluted EPS was reported…
10-Q · August 7, 2025
Carriage Services, Inc. delivered Q2 2025 results with revenues of $102.147 million, slightly down 0.17% year-over-year, but surpassed consensus estimates by 1.12%. Diluted EPS was reported at $0.74, reflecting a 85%…
10-Q · May 2, 2025
Carriage Services reported Q1 2025 revenue of $107.069M and diluted EPS of $1.34, up materially year-over-year from $103.493M and $0.45, respectively. Operating income rose to $31.564M driven by a $(5.770)M net gain on…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.