Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Carriage Services, Inc.

CSVNYSE
Wall Street Score · overall investment49/100
$35.82USD+$0.71 (+2.02%)
Company website www.carriageservices.com
Headquarters3040 Post Oak Boulevard, Houston, TX, 77056, US
Financial statement currencyUSD · no FX conversion applied
Consumer Cyclical · Personal Products & Services
Price updated todayFinancials updated Oct 1, 2026

CSV · Price history

Price at last available close

$35.82

+$4.44 (+14.15%) 1M

2026-10-27

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Company & revenue

About Carriage Services, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Carriage Services, Inc. (CSV) delivers a comprehensive array of funeral and cemetery services, along with associated merchandise, throughout the United States. Its operations are structured into two distinct segments: Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers various services, including consultation, the use of funeral home facilities for visitations and memorial services, transportation, and the removal and preparation of remains.

How they make money

Carriage Services operates as a provider of death care services and products in the United States. The company generates revenue primarily through the provision of funeral and cemetery services, including the sale of funeral home and cemetery merchandise such as caskets, vaults, and markers, as well as through the management of pre-need funeral and cemetery contracts.

Products & services

Funeral services, cemetery interment services, funeral merchandise (caskets, urns, vaults), cemetery merchandise (markers, monuments, mausoleum spaces), and pre-need funeral and cemetery planning.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Individual consumers seeking funeral and cemetery servicesSource

Customer concentration

The company does not have a significant concentration of revenue from any single customer, as its business model relies on a large volume of individual consumer transactions.

Suppliers, materials & equipment

  • Casket and funeral merchandise manufacturers — Various third-party manufacturers that supply caskets, urns, and other funeral-related merchandise.Source

Competitors

  • Service Corporation International — A major national provider of funeral and cemetery services that competes directly with Carriage Services in various local markets.Source
  • Matthews International Corporation — Competes in the supply and distribution of funeral and cemetery products.Source

Strengths

  • Decentralized operating model allowing for local market responsivenessSource
  • High-performance culture and leadership transformationSource

Risks

  • Sensitivity to changes in the death rate and economic conditionsSource
  • Regulatory risks associated with pre-need trust funds and funeral industry complianceSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

49

Weak

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

56

Fair

Financial Strength

52

Business Quality / Moat

63

Management

63

Growth Quality

30

Risk / Durability

70

Cheap for a Reason · Review the Risks

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

67

Fully Valued

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

65/100

Building Historical Record

Model Score 65/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently moderate.

What we like
  • •Valuation scores attractively
What to watch
  • •Elevated debt risk
  • •Revenue fundamentals are weak

Company-specific research

Questions worth answering for CSV

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •What is driving CSV's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
  • •How long can CSV fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Is CSV's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •Is CSV's valuation discount tied to a temporary concern or to a longer-term business risk?
Elevated debt risk
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

49

0–100 · Weak

Opportunity Score

67

0–100 · Fair

Market Cap

$568.9M

P/E Ratio

10.9

EPS

$2.85

52-Week High

$52.10

52-Week Low

$30.11

Beta

0.78

Intrinsic Value

$47.52

Analyst Target

$48.00

Shares Outstanding

15.6M

Total Revenue

$417.2M

Total Debt

$549.3M

Dividend Yield (TTM)

1.26%

View dividend history

Liquidation Value / Share

$17.87

Estimated net asset value per share

Dividend / Share (TTM)

$0.45

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
65/ 100
-9 pts / 5d

Building upward momentum

5D -1.3% · 20D +15.6% · RSI 61 · Price vs 20D avg +4.0%
Volatility
25/ 100
+8 pts / 5d

Low movement

20D realized vol 33.0% · 60D 39.8% · Acceleration 0.83x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CSV

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Elevated debt risk

Total debt is at least one year of revenue • Free cash flow is negative • Cash covers less than 20% of total debt

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CSV.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Decentralized operating model allowing for local market responsiveness.
  • +High-performance culture and leadership transformation.

Potential downside factors

  • −Debt risk (elevated): Total debt is at least one year of revenue.
  • −Free cash flow is negative.
  • −Cash covers less than 20% of total debt.
  • −Sensitivity to changes in the death rate and economic conditions.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak49/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Weak

49

Tap for breakdown →

Fair

50

Debt Cost5.0%
Debt Reduction YoY-0.4%
Debt / Equity2.21x

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Poor

25

Revenue YoY-0.1%
Revenue CAGR4.5%
Net Margin10.7%

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Fair

62

Asset Growth YoY5.2%
Liquidation/Share$17.87
Net Assets/MCap1.65x

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Fair

62

Earnings Yield9.0%
Buyback Yield1.9%
Debt Cost5.0%

Tap for breakdown →

Fair

63

ROIC8.7%
ROE15.9%
ROA3.3%

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Fair

63

EPS Growth24.8%
FCF/Share Growth—
Rev/Share Growth6.1%

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Strong

87

Intrinsic Value$47.52
Value Reference$28.51
MOS26.1%

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Fair

55

Revenue25
Moat63
Valuation87

Tap for breakdown →

Strong

86

MOS %26.1%
Value Reference$28.51
Deep Discount Reference$19.01

Tap for breakdown →

Poor

20

Interest Coverage3.5x
ROIC8.7%
FCF Yield-3.8%

Tap for breakdown →

Weak

41

Financial20
Valuation87
Debt50

Tap for breakdown →

Poor

24

Survival Years0.1 yrs
Current Ratio0.98x
FCF Margin-4.5%

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Score Changes

6 historical score records available

Previous Score

48

Sep 17, 2026

Change

+0.8

points

Current Score

49

Oct 1, 2026

Category Changes

Revenue+0.5
Debt0
Assets0
Capital+1.0
Management0
Moat+0.1
Valuation+3.0
Buffett+0.4

CSV increased 0.8 points because Valuation improved by 3 points.

Positive Contributors

  • + Valuation improved by 3 points

Projected Score

Projected Score

49

Projected Change

-0.2 points

Preliminary comparable-period financial changes suggest decline of approximately 0.2 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$35.82

Model Intrinsic Value

$47.52

Difference

−$11.70

-24.6% vs IV

Margin of Safety

24.6%

UndervaluedFair ValueOvervalued
Value Reference: $28.51
Deep Discount Reference: $19.01

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$150M$300M$450M$600M

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$25M$50M$75M$100M

Total Debt

201520172019202120232025$0$200M$400M$600M$800M

Total Assets

201520172019202120232025$0$350M$700M$1.1B$1.4B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$417.2M$417.4M$404.2M$382.5M····························
Cost of Revenue$270.7M$270.8M$260.8M$258.2M····························
Gross Profit$146.5M$146.7M$143.4M$124.3M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$37.7M$48.6M$59.0M$42.1M····························
Operating Expenses$48.8M$48.6M$61.6M$43.3M····························
EBITDA$115.7M$124.3M$106.4M$103.9M····························
Operating Income$97.7M$98.0M$81.8M$81.0M····························
Interest Expense$27.6M$28.4M$32.1M$36.3M····························
Income Before Tax$62.7M$70.3M$50.1M$46.4M····························
Income Tax Expense$18.1M$18.8M$17.1M$13.0M····························
Net Income$44.5M$51.5M$33.0M$33.4M····························
Basic EPS$2.85$3.29$2.17$2.24····························
Basic Shares15.65M15.43M14.97M14.80M····························
Diluted Shares15.84M15.63M15.44M15.46M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 4, 2026
Estimated EPS: $0.82Estimated revenue: $110.0M
Jun 30, 2026Q2FY2026

Revenue

$102.9M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.77

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+1.8%

Cash Change

+82.4%

Margin Change

+0.4 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew

What Weakened

  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 0.8%. EPS increased 4.1%. Cash increased 82.4%. Total debt increased 1.8%. Net income margin improved by 0.4 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 23, 26Aug 12, 26Sep 3, 26Sep 5, 26Sep 17, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Debt Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Revenue Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Asset Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Capital Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Management Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Moat Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Valuation Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Buffett Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Intrinsic Value

Sep 5, 26Sep 17, 26Oct 1, 26$45.00$46.00$47.00$48.00$49.00

Value Reference

Sep 5, 26Sep 17, 26Oct 1, 26$26.00$27.00$28.00$29.00$30.00

Margin of Safety %

Sep 5, 26Sep 17, 26Oct 1, 260.3%0.3%0.3%0.3%0.3%

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News

Rumor Mill · CSV

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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