Filing Flows › Carriage Services (CSV) › Q2 2025
Carriage Services (CSV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Carriage Services (CSV) reported revenue of $102M for the second quarter 2025 (Q2 2025), -0.2% from a year earlier and -5% from the quarter before. Operating margin was 23.5%, net earnings $11.7M (11.5% of revenue).
Carriage Services, Q2 2025: revenue $102M (-0.2% year over year), operating margin 23.5%, net earnings $11.7M, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | -5% | -0.2% |
| Gross profit | $35.9M | -5% | -3% |
| Operating profit | $24.0M | -24% | +31% |
| Net earnings | $11.7M | -44% | +88% |
| Operating cash flow | $8.1M | -41% | +275% |
| Free cash flow | $5.2M | — | — |
What changed
Revenue was $102.1M in Q2 2025, roughly flat year over year and down 5% from the previous quarter. Property and merchandise revenue was the largest line at 46% of revenue. Property and merchandise revenue lost $3.1M year over year (down 6%), 1799% of the total change.
Gross margin was 35.2%, down 1.0 points from a year earlier. Operating profit was $24.0M, a 23.5% margin (up 5.5 points year over year). Operating expenses fell 36% while revenue was flat. Net earnings were $11.7M, up 88% year over year. The effective tax rate was 30.9%.
Operating cash flow was $8.1M (up 275% year over year), 69% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $11.9M. After cash used for capital expenditures ($2.8M), free cash flow as the company reports it was $5.2M.
Questions
What was Carriage Services' revenue in the second quarter 2025?
Carriage Services (CSV) reported revenue of $102M for the second quarter 2025 (Q2 2025), -0.2% from a year earlier and -5% from the quarter before.
Was Carriage Services profitable in the second quarter 2025?
Operating profit was $24.0M (23.5% of revenue) and net earnings $11.7M.
Source: Carriage Services 10-Q on SEC EDGAR.