📊 CSV Key Takeaways
Investment Thesis
Carriage Services demonstrates solid fundamental strength with robust profitability (12.3% net margin, 20.2% ROE) and strong free cash flow generation ($40.1M, 9.6% FCF margin). The 56.3% YoY net income growth and 54.8% EPS growth reflect operational momentum and improved execution, though revenue growth of only 3.3% YoY suggests the business is operating in a mature market. Balance sheet is conservatively leveraged with minimal debt (0.02x D/E ratio), and operating cash flow ($60.7M) comfortably covers capital expenditures, supporting sustainable returns to shareholders.
CSV Strengths
- Strong profitability with 23.4% operating margin and 12.3% net margin indicating effective cost management
- Exceptional net income growth of 56.3% YoY and EPS growth of 54.8% YoY demonstrating operational excellence
- Solid free cash flow generation ($40.1M) and 9.6% FCF margin providing financial flexibility for debt reduction and capital allocation
- Conservative balance sheet with minimal leverage (0.02x D/E ratio) and low interest coverage risk (3.9x coverage)
CSV Risks
- Minimal revenue growth (3.3% YoY) in a mature funeral services industry indicates limited organic expansion opportunities and reliance on acquisitions or market consolidation
- Weak liquidity position with current ratio of 0.98x and quick ratio of 0.84x below 1.0x threshold, limiting financial flexibility for unexpected challenges
- Historically cyclical and defensive business model means limited upside potential during strong economic periods; earnings quality dependent on sustained market share maintenance
- High insider activity (23 Form 4 filings in 90 days) warrants monitoring for potential insider selling or strategic decisions affecting shareholder value
Key Metrics to Watch
- Quarterly revenue growth rate and same-store sales trends to assess market saturation and competitive positioning
- Free cash flow and capital expenditure levels to ensure sustainable dividend and debt reduction capacity
- Operating margin stability amid pricing pressure and labor cost inflation in the funeral services sector
- Debt/Equity ratio trajectory and liquidity improvement (current and quick ratios) for financial flexibility
CSV Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CSV Profitability Ratios
CSV vs Default Sector
How CARRIAGE SERVICES INC compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CSV Balance Sheet & Liquidity
CSV 5-Year Financial Trend
5-Year Trend Summary: CARRIAGE SERVICES INC's revenue has grown significantly by 11% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.14 reflects profitable operations.
CSV Growth Metrics (YoY)
CSV Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $100.7M | $6.6M | $0.41 |
| Q2 2025 | $102.1M | $6.3M | $0.40 |
| Q1 2025 | $103.5M | $7.0M | $0.45 |
| Q3 2024 | $90.5M | $4.6M | N/A |
| Q2 2024 | $97.7M | $6.3M | N/A |
| Q1 2024 | $95.5M | $7.0M | N/A |
| Q3 2023 | $87.5M | N/A | N/A |
| Q2 2023 | $90.6M | N/A | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CSV Capital Allocation
CSV SEC Filings
Access official SEC EDGAR filings for CARRIAGE SERVICES INC (CIK: 0001016281)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772233735.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772233452.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772233424.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772233387.xml | View → |
| Feb 27, 2026 | 4 | xslF345X05/wk-form4_1772233361.xml | View → |
❓ Frequently Asked Questions about CSV
What is the AI rating for CSV?
CARRIAGE SERVICES INC (CSV) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CSV's key strengths?
Strong profitability with 23.4% operating margin and 12.3% net margin indicating effective cost management. Exceptional net income growth of 56.3% YoY and EPS growth of 54.8% YoY demonstrating operational excellence.
What are the risks of investing in CSV?
Minimal revenue growth (3.3% YoY) in a mature funeral services industry indicates limited organic expansion opportunities and reliance on acquisitions or market consolidation. Weak liquidity position with current ratio of 0.98x and quick ratio of 0.84x below 1.0x threshold, limiting financial flexibility for unexpected challenges.
What is CSV's revenue and growth?
CARRIAGE SERVICES INC reported revenue of $417.4M.
Does CSV pay dividends?
CARRIAGE SERVICES INC pays dividends, with $7.0M distributed to shareholders in the trailing twelve months.
Where can I find CSV SEC filings?
Official SEC filings for CARRIAGE SERVICES INC (CIK: 0001016281) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CSV's EPS?
CARRIAGE SERVICES INC has a diluted EPS of $3.25.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.