CSVCARRIAGE SERVICES INC
Services-Personal Services
- Revenue
- $417M
- 3.3% YoY
- Operating margin
- 23.4%
- 16% YoY
- EBITDA
- $122M
- 17% YoY
- Market cap
- $554M
- Employees
- 2,321
- $180K revenue each
- Net debt / EBITDA
- 4.3×
- $523M net debt
- AI in 10-K
- 2.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo118% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo12% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo31% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$180K per employeeBottom quartile of its SIC industry
- Quiet on AINo2.2 per 10K words · 58th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo4.3× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$554M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $376M | $370M | $383M | $404M | $417M | 3.3% |
| Operating income | $94M | $80M | $81M | $82M | $98M | 19% |
| Net income | $33M | $41M | $33M | $33M | $52M | 56% |
| Operating cash flow | $84M | $61M | $76M | $52M | $61M | 17% |
| Capex | $25M | $26M | $18M | $16M | $21M | 28% |
| Stock-based comp | $6M | $6M | $8M | $7M | $8M | 20% |
| Buybacks | $140M | $37M | $0 | $0 | — | |
| Dividends | $7M | $7M | $7M | $7M | $7M | 3.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.