Filing Flows › Consumer Discretionary › Carriage Services (CSV)
Carriage Services (CSV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Carriage Services (CSV) Q3 2026 earnings results →
Q3 2026 Revenue down 2% year over year to $100M · 9¢ of every $1 of revenue kept as net profit · operating margin 19.3%
Carriage Services made $100M in Q3 2026 (-2% Y/Y): Service revenue $46.6M, Services $46.6M, Other revenue $7.0M. Operating margin 19.3%, net earnings $8.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $100.3M in Q3 2026, down 2% year over year and down 3% from the previous quarter. Service revenue was the largest line at 47% of revenue. Other revenue lost $2.9M year over year (down 29%), 117% of the total change.
Gross margin was 31.2%, down 4.1 points from Q3 2025. Operating profit was $19.4M, a 19.3% margin (up 2.3 points year over year). Operating expenses fell 37% while revenue fell 2%. Net earnings were $8.9M, up 35% year over year. The effective tax rate was 29.6%.
Operating cash flow was $24.7M (roughly flat year over year), 279% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $7.9M. After cash used for capital expenditures ($5.8M), free cash flow as the company reports it was $18.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $100M | -2% | 19.3% | $8.9M | $24.7M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $103M | +0.8% | 23.3% | $12.3M | $7.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $106M | -0.9% | 23.8% | $13.5M | $14.9M |
| Q4 2025 | 10-K | Feb 26, 2026 | $105M | +8% | 23.3% | $12.3M | $14.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $103M | +2% | 17.0% | $6.6M | $24.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $102M | -0.2% | 23.5% | $11.7M | $8.1M |
| Q1 2025 | 10-Q | May 2, 2025 | $107M | +4% | 29.5% | $20.9M | $13.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Carriage Services
Carriage Services, Inc. (“Carriage,” the “Company,” “we,” “us,” or “our”) was incorporated in the State of Delaware in December 1993 and is a leading provider of funeral and cemetery services and merchandise in the United States (“U.S.”). We operate in two business segments: Funeral Home Operations, which currently accounts for approximately 65% of our total revenue, and Cemetery Operations, which currently accounts for approximately 35% of our total revenue. At December 31, 2025, we operated 155 funeral homes in 24 states and 28 cemeteries in 9 states. We compete with other publicly held and independent operators of funeral and cemetery companies. We believe we are a market leader in most of our markets.
In its own words, from its 10-K, filed Feb 26, 2026.
Carriage Services against its Services-Personal Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +2%. Operating margin: 19.3% against the peers' median 13.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CSV Carriage Services | Q3 2026 | $100M | -2% | 19.3% |
| HRB H&R Block | Q4 FY26 | $1.1B | +3% | 32.9% |
| SCI Service Corp International | Q3 2026 | $1.1B | +5% | 22.8% |
| UNF Unifirst | Q4 FY26 | $645M | +5% | 6.5% |
| YELP Yelp | Q3 2026 | $371M | -1% | 13.2% |
| WW WW International | Q3 2026 | $153M | -17% | 23.9% |
| EVI EVI Industries | Q4 FY26 | $122M | +11% | 4.6% |
| RGS Regis | Q1 FY27 | $54.3M | -8% | 9.8% |
| DLPN Dolphin Entertainment | Q2 2026 | $14.4M | +2% | -7.1% |
Source: Carriage Services 10-Q on SEC EDGAR · CIK 1016281 · Services-Personal Services
Guidance and outlook
13F: who owns CSV and who is buying
More on CSV
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Carriage Services guidance history: guided vs reported
- Carriage Services gross margin by quarter
- Carriage Services operating margin by quarter
- Carriage Services net income by quarter
- Carriage Services free cash flow by quarter
- Carriage Services capital expenditures by quarter
- Carriage Services Service revenue revenue by quarter
- Carriage Services Other revenue revenue by quarter