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CSV on NYSE

CARRIAGE SERVICES INC

American personal services company, incorporated in Delaware1

In its 2026 annual report the company says: “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. We provide funeral and cemetery services and products on both an “atneed” (time of death) and “preneed” (planned prior to death) basis.”4 It is headquartered in Houston, Texas.1 Its shares trade on NYSE under the symbol CSV.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCSV on NYSE1
  • IndustryServices-Personal Services1
  • HeadquartersHouston, Texas1
  • Incorporated inDE2
  • Business address3040 Post Oak Boulevard, Suite 300, Houston, Tx 770562
  • Filer categoryAccelerated filer2

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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.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.1%Gross margin5
23.4%Operating margin5
12.3%Net margin5
3.3%Revenue growth, 20255
20.2%Return on equity5
0.02×Debt to equity5
$40.1MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$270.8M
  • Other costs18¢$76.4M
  • Income tax4¢$18.8M
  • Profit12¢$51.5M

Out of $417.4M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending34¢$20.6M
  • Dividends paid12¢$7.0M
  • Kept or used elsewhere54¢$33.0M

Out of $60.7M of cash from operations.5

Financial statements

Revenue67895$417.4M in 2025+52% since 2019
0$200.0M$400.0M$600.0M2019: $274.1M$274.1M20192020: $329.4M$329.4M2020+20%2021: $375.9M$375.9M2021+14%2022: $370.2M$370.2M2022−2%2023: $382.5M$382.5M2023+3%2024: $404.2M$404.2M2024+6%2025: $417.4M$417.4M2025+3%
Gross profit67895$146.7M in 2025+84% since 2019
0$50.0M$100.0M$150.0M2019: $79.6M$79.6M20192020: $105.9M$105.9M2020+33%2021: $129.5M$129.5M2021+22%2022: $119.2M$119.2M2022−8%2023: $124.3M$124.3M2023+4%2024: $143.4M$143.4M2024+15%2025: $146.7M$146.7M2025+2%
Operating income67895$97.7M in 2025+106% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $47.4M$47.4M20192020: $57.2M$57.2M2020+21%2021: $93.7M$93.7M2021+64%2022: $79.7M$79.7M2022−15%2023: $81.0M$81.0M2023+2%2024: $81.8M$81.8M2024+1%2025: $97.7M$97.7M2025+19%
Net income67895$51.5M in 2025+254% since 2019
0$20.0M$40.0M$60.0M2019: $14.5M$14.5M20192020: $16.1M$16.1M2020+11%2021: $33.2M$33.2M2021+106%2022: $41.4M$41.4M2022+25%2023: $33.4M$33.4M2023−19%2024: $33.0M$33.0M2024−1%2025: $51.5M$51.5M2025+56%
Fiscal year2019202020212022202320242025
Revenue$274.1M6$329.4M7$375.9M8$370.2M9$382.5M5$404.2M5$417.4M5
Cost of revenue$194.5M6$223.5M7$246.4M8$250.9M9$258.2M5$260.8M5$270.8M5
Gross profit$79.6M6$105.9M7$129.5M8$119.2M9$124.3M5$143.4M5$146.7M5
Operating income$47.4M6$57.2M7$93.7M8$79.7M9$81.0M5$81.8M5$97.7M5
Interest$25.5M6$32.5M7$25.4M8$25.9M8$36.3M8
Income before tax$44.3M8$57.2M9$46.4M5$50.1M5$70.3M5
Income tax$7.4M6$8.0M7$12.3M8$16.2M9$13.0M5$17.1M5$18.8M5
Net income$14.5M6$16.1M7$33.2M8$41.4M9$33.4M5$33.0M5$51.5M5
Earnings per share$0.816$0.907$1.908$2.789$2.245$2.175$3.295
Earnings per share (diluted)$0.806$0.897$1.818$2.639$2.145$2.105$3.255
Shares (weighted, basic)17.4M shares814.9M shares914.8M shares515.0M shares515.4M shares5
Shares (weighted, diluted)18.3M shares815.7M shares915.5M shares515.4M shares515.6M shares5

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Corporate structure

CARRIAGE SERVICES INC sits at the top of its group. 44 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CARRIAGE SERVICES INC

  • VINEYARD CAPITAL PARTNERS, L.L.C. Filed SCHEDULE 13G/A on CARRIAGE SERVICES INC, latest Aug 12, 2026 (3 filings since Aug 7, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on CARRIAGE SERVICES INC, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
  • Ameriprise Financial Filed SCHEDULE 13G/A on CARRIAGE SERVICES INC, latest May 15, 2025 (5 filings since Feb 14, 2022)
  • FMR LLC Filed SCHEDULE 13G/A on CARRIAGE SERVICES INC, latest May 12, 2025 (2 filings since Mar 7, 2025)
  • RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on CARRIAGE SERVICES INC, latest Feb 13, 2024 (3 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on CARRIAGE SERVICES INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • BlackRock Filed SC 13G/A on CARRIAGE SERVICES INC, latest Jan 26, 2024 (3 filings since Feb 1, 2022)
  • Global Alpha Capital Management Ltd. Filed SC 13G/A on CARRIAGE SERVICES INC, latest Feb 10, 2023 (2 filings since Feb 10, 2022)
  • CARRIAGE SERVICES INC Houston, Texas
    • Calvary Memorial Park, Inc. Subsidiary · Virginia, United States
    • Carriage Cemetery Services of California, Inc. Subsidiary · California, United States
    • Carriage Cemetery Services of Idaho, Inc. Subsidiary · Idaho, United States
    • Carriage Cemetery Services, Inc. Subsidiary · Texas, United States
    • Carriage Florida Holdings, Inc. Subsidiary · Delaware, United States
    • Carriage Funeral Holdings, Inc. Subsidiary · Delaware, United States
    • Carriage Funeral Management, Inc. Subsidiary · Delaware, United States
    • Carriage Funeral Services of California, Inc. Subsidiary · California, United States
    • Carriage Funeral Services of Kentucky, Inc. Subsidiary · Kentucky, United States
    • Carriage Funeral Services of Michigan, Inc. Subsidiary · Michigan, United States
    • Carriage Holding Company, Inc. Subsidiary · Delaware, United States
    • Carriage Insurance Agency of Massachusetts, Inc. Subsidiary · Massachusetts, United States
    • Carriage Life Events, Inc. Subsidiary · Delaware, United States
    • Carriage Management, Inc. Subsidiary · Delaware, United States
    • Carriage Municipal Cemetery Services of Nevada, Inc. Subsidiary · Nevada, United States
    • Carriage Operations, Inc. Subsidiary · Delaware, United States
    • Carriage Pennsylvania Holdings, Inc. Subsidiary · Delaware, United States
    • Carriage Services Investment Advisors, Inc. Subsidiary · Delaware, United States
    • Carriage Services of Connecticut, Inc. Subsidiary · Connecticut, United States
    • Carriage Services of Louisiana, Inc. Subsidiary · Louisiana, United States
    • Carriage Services of Nevada, Inc. Subsidiary · Nevada, United States
    • Carriage Services of New Mexico, Inc. Subsidiary · New Mexico, United States
    • Carriage Services of Ohio, LLC Subsidiary · Delaware, United States
    • Carriage Services of Oklahoma, LLC Subsidiary · Oklahoma, United States
    • Carriage Services of Tennessee, Inc. Subsidiary · Delaware, United States
    • and 18 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CARRIAGE SERVICES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$286.8M5 Dec 31, 2025$273.0M5 Dec 31, 2024+5.1%
Finance-lease assets$12.2M5 Dec 31, 2025$8.6M5 Dec 31, 2024+42.2%
Operating-lease assets (leased space)$12.0M5 Dec 31, 2025$15.0M5 Dec 31, 2024−19.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M5 Dec 31, 2025$1.2M5 Dec 31, 2024+44.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$427.9M5 Dec 31, 2025$414.9M5 Dec 31, 2024+3.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$7.8M5 Dec 31, 2025$7.9M5 Dec 31, 2024−2.0%

Properties, in its own words

At December 31, 2025, we operated 155 funeral homes in 24 states and 28 cemeteries in 9 states. We own the real property and buildings for 136 of our funeral homes and lease 19 facilities. We own 28 cemeteries. We operate 18 funeral homes in combination with cemeteries as these locations are physically located on the same property or in very close proximity and are under the same leadership.

The 28 cemeteries that we operate have developed cemetery property of approximately 131,000 and 142,000 units available-for-sale at December 31, 2025 and 2024, respectively. In addition, we own approximately 487 acres that are available for future development or sale. We anticipate having a sufficient inventory of lots to maintain our property sales for the foreseeable future.

The rest of Item 2

Our support center is located in Houston, Texas, where we lease approximately 48,000 square feet of office space.

The following table sets forth certain information as of December 31, 2025, regarding our properties used by the funeral home segment and by the cemetery segment identified by state:

Number of Funeral Homes · Number of Cemeteries

State · Owned · Leased(1) · Owned

California · 24 · 4 · 7

Connecticut · 3 · 2 · —

Florida · 19 · 5 · 6

Georgia · 3 · — · —

Idaho · 4 · 1 · 3

Illinois · 2 · — · 1

Kansas · 2 · — · —

Kentucky · 5 · 1 · —

Louisiana · 3 · 1 · 1

Massachusetts · 6 · — · —

Michigan · 2 · — · —

New Jersey · 1 · 1 · —

New Mexico · 1 · — · —

New York · 6 · 1 · —

North Carolina · 11 · 1 · 2

Ohio · 4 · — · —

Oklahoma · 5 · — · 2

Pennsylvania · 2 · — · —

Rhode Island · 3 · — · —

Tennessee · 4 · — · —

Texas · 15 · 1 · 5

Virginia · 8 · 1 · 1

Washington · 2 · — · —

Wisconsin · 1 · — · —

Total · 136 · 19 · 28

(1) · The leases, with respect to these funeral homes, generally have remaining terms ranging from one to twenty years, and generally, we have the right to renew past the initial terms and have a right of first refusal on any proposed sale of the property where these funeral homes are located.

The following table sets forth the number of funeral homes and cemeteries owned and operated by us for the periods presented:

Funeral homes at beginning of period · 162 · 171 · 171

Acquisitions · 8 · — · 3

Divestitures · (13) · (7) · (2)

Mergers of funeral homes · (2) · (2) · (1)

Funeral homes at end of period · 155 · 162 · 171

Cemeteries at beginning of period · 31 · 32 · 32

Acquisitions · 1 · — · 2

Divestitures · (4) · (1) · (2)

Cemeteries at end of period · 28 · 31 · 32

Item 2 of the 10-K filed Feb 26, 2026.4

Leadership

Who has led CARRIAGE SERVICES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Melvin C. Payne2006–2023
  2. Carlos R. Quezada2024–now

President

  1. David J. Decarlo2014–2016
  2. Carlos R. Quezada2022–2024
  3. Steven D. Metzger2025–now

Chief financial officer

  1. Joseph Saporito2007–2009
  2. Terry E. Sanford2008–2012
  3. Carl Benjamin Brink2017–2023
  4. Lance Kian Granmayeh2023–2024
  5. John Enwright2025–now

Chief operating officer

  1. Jay D. Dodds2008–2012
  2. Mark R. Bruce2017–2018
  3. Carlos R. Quezada2021–2024
  4. Steven D. Metzger2026–now
2010201520202025
Board members and other officers (40)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CFS Funeral Services, Inc. Delaware3
  • CHC Insurance Agency of Ohio, Inc. Ohio3
  • CSI Funeral Services of Massachusetts, Inc. Massachusetts3
  • Calvary Memorial Park, Inc. Virginia3
  • Carriage Cemetery Services of California, Inc. California3
  • Carriage Cemetery Services of Idaho, Inc. Idaho3
  • Carriage Cemetery Services, Inc. Texas3
  • Carriage Florida Holdings, Inc. Delaware3
  • Carriage Funeral Holdings, Inc. Delaware3
  • Carriage Funeral Management, Inc. Delaware3
  • Carriage Funeral Services of California, Inc. California3
  • Carriage Funeral Services of Kentucky, Inc. Kentucky3
  • Carriage Funeral Services of Michigan, Inc. Michigan3
  • Carriage Holding Company, Inc. Delaware3
  • Carriage Insurance Agency of Massachusetts, Inc. Massachusetts3
  • Carriage Life Events, Inc. Delaware3
  • Carriage Management, Inc. Delaware3
  • Carriage Municipal Cemetery Services of Nevada, Inc. Nevada3
  • Carriage Operations, Inc. Delaware3
  • Carriage Pennsylvania Holdings, Inc. Delaware3
  • Carriage Services Investment Advisors, Inc. Delaware3
  • Carriage Services of Connecticut, Inc. Connecticut3
  • Carriage Services of Louisiana, Inc. Louisiana3
  • Carriage Services of Nevada, Inc. Nevada3
All 44 listed subsidiaries
  • Carriage Services of New Mexico, Inc. New Mexico3
  • Carriage Services of Ohio, LLC Delaware3
  • Carriage Services of Oklahoma, LLC Oklahoma3
  • Carriage Services of Tennessee, Inc. Delaware3
  • Carriage Services, Inc. Delaware3
  • Carriage Team California (Cemetery), LLC Delaware3
  • Carriage Team California (Funeral), LLC Delaware3
  • Carriage Team Florida (Cemetery), LLC Delaware3
  • Carriage Team Florida (Funeral), LLC Delaware3
  • Carriage Team Kansas, LLC Delaware3
  • Cataudella Funeral Home, Inc. Massachusetts3
  • Cloverdale Park, Inc. Idaho3
  • Cochrane’s Chapel of the Roses, Inc. California3
  • Fairfax Memorial Funeral Home, LLC Virginia3
  • Forastiere Family Funeral Service, Inc. Massachusetts3
  • Horizon Cremation Society, Inc. California3
  • Hubbard Funeral Home, Inc. Maryland3
  • PNCA, Inc. Delaware3
  • Rolling Hills Memorial Park California3
  • Wilson & Kratzer Mortuaries California3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 5, 20268-K Ended a material agreement66
  2. Sep 30, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation67
  3. Aug 14, 20268-K Executive or director change68
  4. Aug 5, 20268-K Results of operations69
  5. May 14, 20268-K Shareholder vote70
  6. May 6, 20268-K Entered a material agreement; Results of operations71
  7. Feb 26, 20268-K Results of operations72
  8. Jan 16, 20268-K Executive or director change; Regulation FD disclosure73
  9. Nov 5, 20258-K Results of operations74
  10. Aug 7, 20258-K Results of operations75
  11. May 14, 20258-K Shareholder vote76
  12. Apr 30, 20258-K Results of operations77
  13. Aug 7, 2024New chief executive Carlos R. Quezada becomes CEO13
  14. Jan 11, 2006New chief executive Melvin C. Payne becomes CEO14

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.75 a share, on Nov 5, 2025.78

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results69
  2. May 6, 2026Reported quarterly or annual results71
  3. Feb 26, 2026Reported quarterly or annual results72
  4. Nov 5, 2025Reported quarterly or annual results74
  5. Aug 7, 2025Reported quarterly or annual results75
  6. Apr 30, 2025Reported quarterly or annual results77
  7. Feb 26, 2025Reported quarterly or annual results79
  8. Oct 30, 2024Reported quarterly or annual results80

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

380 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 233 insider forms, 25 large holders, 54 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Sep 30, 20268-K EDGAR
  8. Aug 14, 20268-K EDGAR
  9. Aug 12, 2026SCHEDULE 13G/A EDGAR
  10. Aug 6, 202610-Q EDGAR
  11. Aug 5, 20268-K EDGAR
  12. Jul 1, 20264 EDGAR
  13. Jul 1, 20264 EDGAR
  14. Jul 1, 20264 EDGAR
  15. Jul 1, 20264 EDGAR
  16. May 14, 20268-K EDGAR
  17. May 7, 202610-Q EDGAR
  18. May 6, 20268-K EDGAR
  19. May 6, 2026424B5 EDGAR
  20. Apr 27, 2026S-3ASR EDGAR

The 380 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

68 open-market trades by officers, directors and large owners since October 2021: 17 buys and 51 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 7, 2025Quezada Carlos R.CEOSale4,250$46.14$196.1KForm 4
Aug 27, 2025Pudenz ShaneSale13,027$44.36$577.9KForm 4
Aug 7, 2025Quezada Carlos R.CEOSale4,250$47.35$201.2KForm 4
Jul 7, 2025Metzger Steven DPresident & COOSale348$46.78$16.3KForm 4
Jun 9, 2025Metzger Steven DPresident & COOSale1,653$44.85$74.1KForm 4
May 7, 2025Metzger Steven DPresident & COOSale3,000$40.60$121.8KForm 4
May 7, 2025Quezada Carlos R.CEOSale4,357$40.61$176.9KForm 4
Apr 29, 2025Quezada Carlos R.CEOSale958$40.02$38.3KForm 4
Apr 28, 2025Quezada Carlos R.CEOSale2,179$40.02$87.2KForm 4
Apr 28, 2025Metzger Steven DPresident & COOSale2,492$40.01$99.7KForm 4
Apr 23, 2025Quezada Carlos R.CEOSale1,363$40.12$54.7KForm 4
Apr 23, 2025Metzger Steven DPresident & COOSale3,508$40.09$140.6KForm 4
Nov 21, 2024Phillips Shawn RSale5,028$38.96$195.9KForm 4
Nov 5, 2024Elliott Paul DonaldSale5,000$37.78$188.9KForm 4
Aug 22, 2024Fargason CharlesDirectorBuy3,000$31.43$94.3KForm 4
Aug 13, 2024Phillips Shawn RSale7,815$30.04$234.8KForm 4
Aug 12, 2024Phillips Shawn RSale7,101$30.00$213.0KForm 4
Aug 9, 2024Phillips Shawn RSale5,000$29.73$148.7KForm 4
Aug 6, 2024Quezada Carlos R.CEOBuy2,000$29.44$58.9KForm 4
Jun 26, 2024Pudenz ShaneSale1,443$27.30$39.4KForm 4

All 68 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Carlos R. QuezadaCEO & Vice Chair of the Board (Principal Executive Officer)55$850.0K$3.9M89
2025Steven D. MetzgerPresident & Chief Operating Officer48$625.0K$2.7M89
2025John EnwrightSenior Vice President, Chief Financial Officer & Treasurer (Principal Financial Officer)53$425.0K$1.5M89
2025Rob FranchChief Information Officer52$365.0K$1.2M89
2025Kathryn ShanleyChief Accounting Officer (Interim Principal Financial Officer and Principal Accounting Officer)57$340.0K$1.1M89
2024Carlos R. QuezadaCEO & Vice Chair of the Board (Principal Executive Officer)55$800.0K$4.3M89
2024Steven D. MetzgerPresident & Chief Operating Officer48$600.0K$3.1M89
2024Rob FranchChief Information Officer52$363.0K$1.3M89
2024Kathryn ShanleyChief Accounting Officer (Interim Principal Financial Officer and Principal Accounting Officer)57$244.0K$533.4K89
2023Carlos R. QuezadaCEO & Vice Chair of the Board (Principal Executive Officer)55$702.0K$2.8M89
2023Steven D. MetzgerPresident & Chief Operating Officer48$551.0K$2.2M89
2023Rob FranchChief Information Officer52$350.0K$967.1K89

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC2,380,839$91.3M0.0%+1,693
BlackRock, Inc.1,099,733$42.2M0.0%+78,615
Vanguard Capital Management LLC644,644$24.7M0.0%+6,526
Dimensional Fund Advisors LP633,970$24.3M0.0%+23,624
Ameriprise Financial Inc545,021$20.9M0.0%+28,960
Renaissance Technologies LLC437,125$16.8M0.0%+9,225
Geode Capital Management, LLC380,262$14.6M0.0%+24,356
Polar Asset Management Partners Inc.326,173$12.5M0.3%+71,905
State Street Corp309,391$11.9M0.0%+1,659
Two Sigma Investments, LP303,115$11.6M0.0%−61,640
Vanguard Portfolio Management LLC298,879$11.5M0.0%+11,527
Boston Partners253,505$9.7M0.0%+44,655
Punch & Associates Investment Management, Inc.249,404$9.6M0.5%−14,346
De Lisle Partners LLP239,593$9.2M1.0%+3,501
Heartland Advisors Inc207,300$7.9M0.4%No change
Morgan Stanley191,346$7.3M0.0%+56,283
Qube Research & Technologies Ltd182,905$7.0M0.0%+34,697
Swedbank AB147,525$5.7M0.0%+65,325
RBF Capital, LLC143,430$5.5M0.2%No change
Nicholas Company, Inc.132,700$5.1M0.1%+75
Charles Schwab Investment Management Inc128,001$4.9M0.0%+2,941
Northern Trust Corp119,177$4.6M0.0%+6,645
Bank of New York Mellon Corp117,913$4.5M0.0%+3,567
Kennedy Capital Management LLC111,990$4.3M0.1%−2,184
Vanguard Fiduciary Trust Co109,450$4.2M0.0%−156

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CARRIAGE SERVICES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCARRIAGE SERVICES INC1
  • CIK0001016281
  • Employer ID (EIN)76-04238284
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7200 Services-Personal Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address3040 Post Oak Boulevard, Suite 300, Houston, TX 770561
  • Phone713-332-84001
  • Shares outstanding15,882,296 as of Jul 31, 202611
  • Public float$699.0M as of Jun 30, 20254
  • AuditorGRANT THORNTON LLP, Houston, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJun 7, 19961
  • Filings2,059 in all: 4 (1,169), 8-K (295), SC 13G/A (133), 10-Q (91), SC 13G (53), 3 (43), DEF 14A (30), 4/A (29)1
    All 47 form types

    10-K (28), 144 (23), UPLOAD (21), CORRESP (18), 5 (14), S-8 (12), 424B3 (10), 8-K/A (10), 11-K (7), S-3 (7), EFFECT (5), S-1/A (5), ARS (4), DEFA14A (4), SCHEDULE 13G/A (4), 3/A (3), 8-A12B (3), POS AM (3), PRE 14A (3), S-1 (3), SC 13D (3), 10-K405 (2), 10-Q/A (2), 8-A12B/A (2), DEFR14A (2), S-3/A (2), S-4 (2), SC 13D/A (2), SCHEDULE 13G (2), 10-K/A (1), 15-12B (1), 305B2 (1), 424B1 (1), 424B4 (1), 424B5 (1), 5/A (1), 8-A12G/A (1), RW (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $.01 Per ShareCSVNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CARRIAGE SERVICES INC names in Item 1A of its 10-K filed Feb 26, 2026: 36 risks under these headings, as written.4

  • RISKS RELATED TO OUR BUSINESS
  • Key Employees and Compensation
  • The success of our businesses is typically dependent upon one or a few key employees for success because of the localized and personal nature of our business.
  • Our “Good to Great” incentive program could result in significant future payments to our Managing Partners.
  • Strategic Business Execution and Performance
  • Improved performance in our funeral and cemetery segments is dependent upon successful execution of our Standards Operating Model.
  • Our ability to execute our growth strategy is highly dependent upon our ability to successfully identify suitable acquisition candidates and negotiate transactions on favorable terms.
  • Divestitures could negatively impact our business and retained liabilities from businesses that we sell could adversely affect our financial results.
  • Competitive Marketplace
  • The funeral and cemetery industry is competitive.
  • Marketing and sales activities by existing and new competitors could cause us to lose market share and lead to lower revenue and margins.
  • Price competition could also reduce our market share or cause us to reduce prices to retain or recapture market share, either of which could reduce revenue and margins.
The other 28 risks
  • Change in Preneed Sales
  • Our ability to generate preneed sales depends on a number of factors, including sales incentives and local and general economic conditions.
  • Increased preneed sales could have a negative impact on our cash flows.
  • Trust and Life Insurance Funded Contracts
  • Our funeral and cemetery trust funds own investments in equity securities, fixed income securities, and mutual funds, which are affected by market conditions that are beyond our control.
  • Earnings from and principal of trust funds could be reduced by changes in financial markets and the mix of securities owned.
  • We may be required to replenish our funeral and cemetery trust funds in order to meet minimum funding requirements, which would have a negative effect on our earnings and cash flow.
  • Increasing death benefits related to preneed funeral contracts funded through life insurance policies may not cover future increases in the cost of providing a price-guaranteed funeral service.
  • The financial condition of third-party insurance companies that fund our preneed funeral contracts may impact our future revenue.
  • Changes in taxation, or the interpretations of tax laws or regulations, as well as the inherent difficulty in quantifying potential tax effects of business decisions could have a material adverse effect on the results of our operations, financial condition, or cash flows.
  • New or revised tax laws or regulations could have a material effect on our financial statements.
  • Litigation and Claims
  • Unfavorable results of litigation could have a material adverse impact on our financial statements.
  • RISKS RELATED TO THE FUNERAL AND CEMETERY INDUSTRY
  • Changes in Death Rates and Consumer Preferences
  • Declines in the number of deaths in our markets can cause a decrease in revenue. Changes in the number of deaths are not predictable from market to market or over the short term.
  • The increasing number of cremations in the U.S. could cause revenue to decline because we could lose market share to firms specializing in cremations and because our average revenue for cremations is lower than that for traditional burials.
  • If we are not able to respond effectively to changing consumer preferences, our market share, revenue, and profitability could decrease.
  • Because the funeral and cemetery businesses are high fixed-cost businesses, changes in revenue can have a disproportionately large effect on cash flow and profits.
  • Regulatory Changes
  • Changes or increases in, or failure to comply with, regulations applicable to our business could increase costs or decrease cash flows.
  • We are subject to environmental and worker health and safety laws and regulations that may expose us to significant costs and liabilities.
  • RISKS RELATED TO OUR CREDIT FACILITY AND FINANCIAL ACTIVITIES
  • Credit Facility and Debt Obligations
  • Covenant restrictions in our debt instruments may limit our flexibility to operate and grow our business, and if we are not able to comply with such covenants, our lenders could accelerate our indebtedness, proceed against certain collateral or exercise other remedies, which could have a material adverse effect on us.
  • Our level of indebtedness could adversely affect our financial condition and prevent us from fulfilling our debt obligations.
  • Despite our current levels of indebtedness, we may still incur additional indebtedness. This could further exacerbate the risks associated with our indebtedness.
  • GENERAL RISKS
  • Economic Conditions and Natural Disasters
  • Changes in U.S. foreign trade policies, including the imposition of additional tariffs and other trade barriers, and efforts to withdraw from or materially modify international trade agreements, may materially and adversely affect our business, operations and financial condition.
  • We may be adversely affected by the effects of inflation.
  • Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or non-performance by financial institutions, could adversely affect our business, financial condition, or results of operations.
  • Unfavorable economic conditions, including those resulting from health and safety concerns, could adversely affect our business, financial condition or results of operations.
  • Economic, financial and stock market fluctuations could affect future potential earnings and cash flows and could result in future goodwill, intangible assets and long-lived asset impairments.
  • Significant weather events, natural disasters, or catastrophic events could adversely affect our business, financial condition or results of operations.
  • Information Technology and Internal Controls
  • We rely significantly on information technology systems, software, or information security practices and those of our business partners or third-party providers, and any failure, inadequacy, interruption or security lapse of that technology, including any cybersecurity incidents or our actual or perceived failure to comply with any related regulatory requirements, could lead to adverse business consequences.
  • Failure to maintain effective internal control over financial reporting could adversely affect our results of operations, investor confidence, and our stock price.

Legal proceedings

For more information regarding legal proceedings see Part II, Item 8, Financial Statements and Supplementary Data, Note 15.

The opening of Item 3, Legal Proceedings.4

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