10-K · February 12, 2026
Service Corporation International (SCI) presents a scale-driven strategy centered on leveraging its Dignity Memorial® network, preneed backlog conversion, and product/service innovation to drive revenue. The company…
Earnings analysis · 10-Q
SCI earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Service Corporation International (SCI) reported Q1 2026 revenues of $1.097 billion, slightly exceeding estimates of $1.096 billion but falling short on EPS at $0.97 compared to expectations of $1.01. The company saw a…
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Service Corporation International (SCI) reported Q1 2026 revenues of $1.097 billion, slightly exceeding estimates of $1.096 billion but falling short on EPS at $0.97 compared to expectations of $1.01. The company saw a 10% increase in comparable cemetery preneed sales, while operating cash flow increased by 7% year-over-year. Management maintains a focus on long-term growth despite recent fluctuations in funeral service volumes.
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.
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
- $0.97
- Gross margin
- 27.1%
What stood out
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Revenue Exceeded Expectations
Reported revenue for Q1 2026 was $1.097 billion, slightly above the estimate of $1.096 billion.
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Comparable Preneed Sales Growth
Comparable cemetery preneed sales increased significantly by 10% in the reported quarter.
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Operating Cash Flow Growth
Operating cash flow for Q1 2026 was $333.8 million, up 7% from $311.1 million in Q1 2025.
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Stable Gross Margin
Gross margin remained relatively stable at 27.1%, compared to 27.0% in Q1 2025.
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Increased Share Repurchases
SCI repurchased 1.789 million shares for $144.4 million, averaging $80.69 per share.
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High Backlog of Preneed Contracts
The backlog of deferred revenue reached $17.1 billion as of March 31, 2026.
What to watch
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Missed EPS Expectations
EPS was reported at $0.97, missing the estimate of $1.01, reflecting potential pressures on profitability.
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Fluctuating Funeral Service Volumes
Management acknowledges recent fluctuations in funeral service volumes, which could impact revenues.
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Increasing Operating Costs
Rising employee compensation and cost pressures may affect future operating margins.
Management's outlook
Outlook remains focused on long-term growth strategies, no numeric guidance provided.
Earlier filings 4
10-Q · November 2, 2023
SCI reported Q3 revenue of $1,001,859,000, up $24,139,000 (2.5%) versus Q3 2022, with gross profit of $253,683,000 and operating income of $223,012,000. Diluted EPS was $0.80 (vs $0.76 a year ago). Preneed receivables…
10-Q · May 2, 2023
SCI reported first-quarter revenue of $1,028,709,000, down $83,694,000 versus $1,112,403,000 in Q1 2022, with substantial margin compression and EPS decline. Gross profit fell to $289,094,000 and operating income to…
10-K · February 15, 2023
SCI presents itself as North America’s largest deathcare provider with a nationwide footprint (1,474 funeral service locations and 490 cemeteries) and a large preneed backlog of $13.7 billion. The 10‑K emphasizes a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.