Reading the tape
NYSE: CSV
Carriage Services, Inc.
Consumer Cyclical · Personal Products & Services
Market Cap
$747.69M
52w High
$52.10
52w Low
$39.38
P/E
14.23
Volume
791.00
Outstanding Shares
15.86M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 18.71%Revenue (TTM): 3.28%FCF (TTM): 11.61%P/FCF: 79th pct
What changed
The stock rose 18.71% over the last year. Revenue grew 3.28% over the trailing twelve months. Operating margin moved from 20.24% to 23.7%. Free cash flow grew 11.61% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (79th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 23.7% — continued expansion would be needed to justify the premium. Revenue growth of 3.28% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States.
CEOCarlos R. Quezada
SectorConsumer Cyclical
IndustryPersonal Products & Services
Employees1,200
IPO dateAug 9, 1996
Valuation
Forward P/E—
EV/EBITDA9.76
Enterprise value$1.21B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth8.05%
Gross margin35.05%▼0.35%vs FY2024
Operating margin23.7%▲17.09%vs FY2024
ROE20.22%▲27.94%vs FY2024
Analyst consensus
RatingBuy
Target price$50.00▲6.07%
7
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.85 · Revenue est $111.39M
View
Dividends
$0.45/shareQuarterlyDividend Achiever · 14yrSafeCSV pays a dividend with a 0.95% dividend yield, 14 consecutive years of growth, growing at 3.71% annually, covered 5.7× by free cash flow.
Dividend Yield
0.95%
Annual Div / Share
$0.45
5yr CAGR
+3.71%
Doubles every ~19.0yr
Payout Ratio
13.66%
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+3.71%
10yr CAGR
+16.23%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.45+0.0%
2025$0.45+0.0%
2024$0.45+0.0%
2023$0.45+2.9%
2022$0.44+16.7%
2021$0.38+25.0%
2020$0.30+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$10/yr
$1/mo
In 5 yrs
$11/yr+20%
$1/mo
In 10 yrs
$14/yr+44%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $11/yr+20% $1/mo | $14/yr+44% $1/mo |
Yield-on-cost grows from 0.95% → 1.37% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
CSV has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 5.7× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.