← CARRIAGE SERVICES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $248.2m $258.1m $268.0m $274.1m $329.4m $375.9m $370.2m $382.5m $404.2m $417.4m
Cost of Goods and Services Sold $168.6m $181.3m $192.0m $194.5m $223.5m $246.4m $250.9m $258.2m $260.8m $270.8m
Cost of goods and services $142.7m $152.3m $162.1m $162.3m $182.7m $196.3m $203.8m $215.6m $217.6m $224.3m
Gross Profit $79.7m $76.8m $75.9m $79.6m $105.9m $129.5m $119.2m $124.3m $143.4m $146.7m
Operating Expenses $29.4m $27.9m $32.6m $27.3m — — — — — —
Operating Income (Loss) $50.2m $48.9m $43.3m $52.3m $57.2m $93.7m $79.7m $81.0m $81.8m $97.7m
Additional Financial Items
Amortization of Intangible Assets — — — — $1.3m $1.3m $1.3m $1.4m $1.4m $1.2m
Debt and Equity Securities, Gain (Loss) — ($838k) ($1.4m) ($377k) ($387k) ($118k) ($2.4m) ($1.6m) ($2.4m) —
Goodwill, Impairment Loss $145k $0 $1.0m $963k — — $400k — $0 $0
Income (Loss) from Continuing Operations, Per Basic Share $1 — — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $1 — — — — — — — — —
Realized Investment Gains (Losses) — — — — — — — $8.6m — —
Cemetery property amortization $3.9m $3.4m $3.6m $4.0m $5.0m $6.7m $5.9m $6.0m $8.2m $9.4m
General, administrative, and other $27.9m $26.3m $30.8m $25.9m $25.8m $33.9m $37.5m $42.1m $59.0m $48.6m
Net loss on divestitures and impairment charges — — $1.2m $4.8m $21.4m $666k $2.0m $1.2m $2.6m $371k
Net gain on property damage, net of insurance claims — — — — $0 $0 $3.5m ($343k) ($417k) $0
Other, net ($1.8m) $1.1m ($1.2m) ($4.1m) $152k ($84k) $82k ($1.4m) $61k ($971k)
Basic (in shares) $16.5m $16.4m $18.0m $17.9m $17.9m $17.4m $14.9m $14.8m $15.0m $15.4m
Diluted (in shares) $17.5m $17.7m $18.4m $18.0m $18.1m $18.3m $15.7m $15.5m $15.4m $15.6m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $32.2m $32.8m $18.3m $22.4m $24.6m $44.3m $57.2m $46.4m $50.1m $70.3m
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — — $1.5m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $19.6m $37.2m $11.6m $14.5m $16.1m $33.2m $41.4m $33.4m $33.0m $51.5m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — —
Investment Income, Net $6.5m $5.9m $5.9m $4.5m $8.5m $10.4m $11.4m $12.8m $11.4m —
Income before income taxes $32.2m $32.8m $18.3m $22.4m $24.6m $44.3m $57.2m $46.4m $50.1m $70.3m
Net Income (Loss) Attributable to Parent $19.6m $37.2m $11.6m $14.5m $16.1m $33.2m $41.4m $33.4m $33.0m $51.5m
Earnings Per Share, Basic $1.18 $2.25 $0.64 $0.81 $0.90 $1.90 $2.78 $2.24 $2.17 $3.29
Earnings Per Share, Diluted $1.12 $2.09 $0.63 $0.80 $0.89 $1.81 $2.63 $2.14 $2.10 $3.25
Common Stock, Dividends, Per Share, Declared $0.15 $0.23 $0.30 $0.30 $0.40 $0.41 $0.45 $0.45 $0.45 $0.45
Weighted Average Number of Shares Outstanding, Basic 16.5m 16.4m 18.0m 17.9m 17.9m 17.4m 14.9m 14.8m 15.0m 15.4m
Weighted Average Number of Shares Outstanding, Diluted 17.5m 17.7m 18.4m 18.0m 18.1m 18.3m 15.7m 15.5m 15.4m 15.6m
Other Nonoperating Income (Expense) ($1.8m) $1.1m ($1.2m) ($4.1m) $152k ($84k) $82k $1.4m ($61k) $971k
Interest Expense (non-operating) — — — — — — — — $32.1m $28.4m
Cost, Depreciation and Amortization $13.9m $14.4m — — — — — — — —
Current Income Tax Expense (Benefit) $7.8m $7.2m $2.8m ($2.2m) $4.0m $11.8m $12.8m $9.7m $17.8m $14.8m
General and Administrative Expense $27.9m $26.3m $30.8m $25.9m $25.8m $33.9m $37.5m $42.1m $59.0m $48.6m
Interest Expense $11.7m $12.9m $21.1m $25.5m $32.5m $25.4m $25.9m $36.3m $32.1m $28.4m
Labor and Related Expense — — — — — — — — $107.5m $112.6m
Nonoperating Income (Expense) ($18.0m) — — — — — — — — —
Other Cost and Expense, Operating — $1.3m $1.5m $2.1m — — — — — —
Other Cost of Operating Revenue $143.8m $153.6m $1.5m $2.1m $4.8m $5.0m $5.0m $5.8m $5.9m $6.1m
Field depreciation expense $10.0m $11.0m $12.0m $12.4m $13.0m $12.6m $13.3m $14.2m $13.7m $13.2m
Regional and unallocated funeral and cemetery costs $10.8m $13.3m $12.7m $13.8m $18.1m $25.8m $23.0m $16.6m $15.4m $17.7m
Other expenses $143.8m $153.6m $1.5m $2.1m $4.8m $5.0m $5.0m $5.8m $5.9m $6.1m
Expense for income taxes — — ($5.8m) ($7.4m) ($8.0m) ($12.3m) ($16.2m) $13.2m $16.1m $22.2m
(Benefit) expense related to discrete income tax items $22k $17.5m ($867k) ($488k) ($567k) $1.2m $430k ($170k) $1.0m ($3.4m)
Income Tax Expense (Benefit) $12.7m $13.1m $5.8m $7.4m $8.0m $12.3m $16.2m $13.2m $16.1m $18.8m
Total field costs and expenses $168.6m $181.3m $192.0m $194.5m $223.5m $246.4m $250.9m $258.2m $260.8m $270.8m
Total expense for income taxes ($12.7m) $4.4m ($6.6m) ($7.9m) ($8.6m) ($11.1m) ($15.8m) $13.0m $17.1m $18.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.