The strong EPS growth and raised guidance suggest continued momentum in both funeral and cemetery operations. The reduced leverage and strategic acquisitions position the company for sustainable growth. Traders should monitor the execution of the 2026 guidance, particularly the $135-140M EBITDA target.
Price Chart
Executive Summary
Carriage Services reported strong fourth quarter and full year 2025 results with GAAP diluted EPS of $0.77 (up 24.2% YoY) and full-year EPS of $3.25 (up 54.8% YoY), driven by 8% revenue growth in Q4 and 3.3% for the year. The company issued 2026 guidance of $440-450M revenue and $3.35-3.55 adjusted EPS, while completing strategic acquisitions and reducing leverage to 4.0x.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.77 in Q4 2025, up 24.2% YoY
- Full-year 2025 GAAP diluted EPS of $3.25, up 54.8% YoY
- Total revenue grew 8.0% in Q4 and 3.3% for full year 2025
- 2026 guidance: $440-450M revenue, $3.35-3.55 adjusted EPS
- Completed acquisition of two businesses generating >$15M in 2024 revenue
- Leverage ratio reduced to 4.0x
Financial Impact
Revenue increased $13.2M YoY with EPS growing $1.15, driven by strong preneed cemetery sales (13.4% growth) and financial revenue (17.7% growth)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Funeral | $239.6M | +3.7% |
| Cemetery | $130.6M | +8.8% |
| Financial | $33.9M | +17.7% |
Risk Factors
- Guidance depends on successful integration of recent acquisitions
- Funeral contract volume declined 1.3% for the year despite revenue growth
- Adjusted metrics exclude special items which could impact actual performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001016281-26-000016 |
| Document: csv-20260225.htm | 0001016281-26-000016 |
| Document: 0001016281-26-000016-index-headers.html | 0001016281-26-000016 |
| Document: 0001016281-26-000016-index.html | 0001016281-26-000016 |
| Document: 0001016281-26-000016.txt | 0001016281-26-000016 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Press Release | $35.41 | awaiting T+5 | — | $34.98 (−1.21%) |
Oct 21, 2026 5d ago | SC 13G | $35.68 | awaiting T+5 | — | $34.98 (−1.96%) |
Oct 15, 2026 11d ago | Press Release | $36.20 $35.41 | ▼ −2.18% | ▼ −1.75% | $34.98 (−3.37%) |
Oct 5, 2026 21d ago | 8-K | $32.89 $34.61 | ▲ +5.23% | ▲ +5.37% | $34.98 (+6.35%) |
Sep 30, 2026 26d ago | 8-K | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $34.98 (+10.03%) |
Sep 30, 2026 26d ago | Press Release | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $34.98 (+10.03%) |
Jul 22, 2026 13w ago | Press Release | $37.77 | awaiting T+5 | — | $34.98 (−7.39%) |
May 27, 2026 21w ago | Press Release | $42.49 $37.32 | ▼ −12.17% | ▼ −12.12% | $34.98 (−17.67%) |
May 6, 2026 24w ago | 8-K | $44.60 $43.11 | ▲ +3.34% | ▲ +4.85% | $34.98 (+21.57%) |
May 6, 2026 24w ago | Press Release | $44.60 $43.11 | ▼ −3.34% | ▼ −4.85% | $34.98 (−21.57%) |
US Market Status
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