Filing Flows › Carriage Services (CSV) › Q1 2025
Carriage Services (CSV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Carriage Services (CSV) reported revenue of $107M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +10% from the quarter before. Operating margin was 29.5%, net earnings $20.9M (19.5% of revenue).
Carriage Services, Q1 2025: revenue $107M (+4% year over year), operating margin 29.5%, net earnings $20.9M, operating cash flow $13.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $107M | +10% | +3% |
| Gross profit | $37.8M | +12% | +2% |
| Operating profit | $31.6M | +50% | +62% |
| Net earnings | $20.9M | +112% | +200% |
| Operating cash flow | $13.8M | +49% | -30% |
| Free cash flow | $10.6M | — | -34% |
What changed
Revenue was $107.1M in Q1 2025, up 3% year over year and up 10% from the previous quarter. Service revenue was the largest line at 50% of revenue. Service revenue added $3.3M year over year (up 7%), 93% of the total change. Merchandise declined 4%.
Gross margin was 35.3%, down 0.7 points from a year earlier. Operating profit was $31.6M, a 29.5% margin (up 10.7 points year over year). Of the extra revenue versus a year earlier, 338% reached operating profit, above the 19% margin then. Operating expenses fell 65% while revenue rose 3%. Net earnings were $20.9M, up 200% year over year. The effective tax rate was 28.1%.
Operating cash flow was $13.8M (down 30% year over year), 66% of net earnings. Non-cash charges added back $5.4M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $14.3M. After cash used for maintenance capital expenditures ($3.2M), free cash flow as the company reports it was $10.6M.
Questions
What was Carriage Services' revenue in the first quarter 2025?
Carriage Services (CSV) reported revenue of $107M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +10% from the quarter before.
Was Carriage Services profitable in the first quarter 2025?
Operating profit was $31.6M (29.5% of revenue) and net earnings $20.9M.
Source: Carriage Services 10-Q on SEC EDGAR.