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How Carriage Services (CSV) makes money

Carriage Services (CSV) made $100M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Service revenue brought in $46.6M (47%); Services brought in $46.6M (46%); Other revenue brought in $7.0M (7%). Of every dollar of revenue, 31¢ was left as gross profit, 19¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

Carriage Services revenue by segment, Q3 2026Carriage Services revenue by segment, Q3 2026Service revenue$46.6MServices$46.6MOther revenue$7.0M
Carriage Services: revenue by line, Q1 2026 to Q3 2026Carriage Services: revenue by line, Q1 2026 to Q3 2026Service revenueProperty and merchand…ServicesOther revenueService revenue: $46.6M latest$46.6MProperty and merchandise revenue: $0 latestServices: $46.6M latest$46.6MOther revenue: $7.0M latestQ1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2026 and Q3 2026.
Carriage Services revenue by quarterCarriage Services revenue by quarter$107MQ1 2025$102MQ2 2025$103MQ3 2025$105MQ4 2025$106MQ1 2026$103MQ2 2026$100MQ3 2026
Carriage Services: where each dollar of revenue goesCarriage Services: where each dollar of revenue goesCost of revenue69¢Gross profit31¢Operating expenses12¢Operating profit19¢Income tax4¢Net earnings9¢Operating cash flow25¢Free cash flow19¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service revenue$46.6M46.5%+2%+5%
Services$46.6M46.5%-1%-4%
  ↳ Cemetery interment rights$24.4M24.3%-2%-7%
  ↳ Merchandise$22.2M22.2%-0.5%-1%
Other revenue$7.0M7.0%-31%-29%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$100M100.0%
Cost of revenue$69.0M68.8%
Gross profit$31.3M31.2%
Operating expenses$11.9M11.8%
Operating profit$19.4M19.3%
Income tax$3.7M3.7%
Net earnings$8.9M8.9%
Operating cash flow$24.7M24.7%
Free cash flow$18.9M18.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$100M-2%
Q2 2026$103M+0.8%
Q1 2026$106M-0.9%
Q4 2025$105M+8%
Q3 2025$103M+2%
Q2 2025$102M-0.2%
Q1 2025$107M+4%

From Carriage Services' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Carriage Services make money?

Carriage Services (CSV) made $100M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Service revenue brought in $46.6M (47%); Services brought in $46.6M (46%); Other revenue brought in $7.0M (7%). Of every dollar of revenue, 31¢ was left as gross profit, 19¢ was left as operating profit, 9¢ was left as net earnings.

What is Carriage Services' biggest business?

Service revenue: $46.6M in the third quarter 2026, 47% of revenue, +5% from a year earlier.

What is Carriage Services' profit margin?

Net earnings were $8.9M, 8.9% of revenue, in the third quarter 2026; the operating margin was 19.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.