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← CockpitCompetitor Analysis › CSV Carriage Services Inc.Open in the cockpit ↗

Carriage Services Inc.CSVCompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Other Consumer Services
Momentum laggard 14
Mkt cap
$426M
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$10.3M
20-day average traded
Fwd P/E
8.3×
forward earnings
ROIC−WACC
+2.6 pp
WACC 6.7%
Hurdle
-9 pp
Req g minus delivered
Official | Implied
B+ / BB
agencies · bond market
Next earnings
110 days
24 Feb 2027
Close · USD$26.80
1D-5.0%
1W-23.2%
1M-20.6%
3M-21.8%
6M-41.0%
YTD-36.6%
1Y-38.5%
ATR %7.0%
Beta0.81
52w lowhigh48.6% off high

What Carriage Services does

Employees: 2,321

Carriage Services at a glance

Size Carriage Services (CSV) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $426M, the 2810th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.80 on 6 Nov 2026.

Performance Over six months the shares fell 41.0%, against -9.9% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 1.3% over the last twelve months (peer median +4.1%); the operating margin is 23.4% (peer median 7.4%).

Valuation It trades at 8.3× forward earnings against a peer median of 16.1× (2nd cheapest of 14).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -9 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.6 points above its cost of capital (6.7% WACC).

Credit Carriage Services has 1 bond outstanding ($400M), rated B+ by the agencies and trading like BB at a weighted spread of 126 bp.

Short interest Short interest is 5.5% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 87CSV 60
Six months, rebased to 100: Carriage Services against the median of its 20 peers (local-currency closes).

Carriage Services financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$417M$418M$408M$384M$371M
Revenue growth—+3%+6%+4%—
Gross profit$146M$148M$147M$126M$120M
EBITDA$122M$123M$111M$105M$102M
Net income$44.1M$50.8M$32.5M$33.1M$41.4M
Free cash flow$37.4M$40.1M$35.9M$57.6M$34.9M
Capital expenditure$23.8M$20.6M$16.1M$18.0M$26.1M
Total debt$549M$553M$561M$605M$613M

Quarterly statements and history in the cockpit →

Carriage Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-30%-20%-10%0%-20%-10%0%IELMHRIL000978GYM000802300247000889973334966007492731002786WJP960384620021592749CSV6-month return →1-month return →
Up and to the right = strong over both horizons. Carriage Services is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%10×20×30×IELMHRILGYM9733RBW34962731WJP6881298462THOMASCOOK0021592749CSVRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Carriage Services is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%-25%0%25%50%IELMHRIL000978GYM0008023002479733RBW34966007492731002786WJP9603THOMASCOOK2749CSVGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Carriage Services is the large dot.

Carriage Services competitors and peer comparison

How Carriage Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Carriage Services against its 20 peers (data as of 6 Nov 2026)
MeasureCSVPeer medianRank in peer set
1-month return-20.6%-1.9%lowest of 21
6-month return-41.0%-9.9%lowest of 21
Distance from 52-week high-48.6%-36.4%2nd lowest of 21
Revenue growth (TTM)+1.3%+4.1%8th lowest of 21
Operating margin23.4%7.4%3rd highest of 21
Forward P/E8.3×16.1×2nd cheapest of 14
Growth the price implies (Req g, 7 yrs)-4.3%-1.5%8th least demanding of 19
Growth delivered (Del g)+4.9%+11.2%4th lowest of 19
Hurdle (Req g minus delivered)-9.1 pp-14.1 pp8th most demanding of 19
ROIC minus cost of capital+2.6 pp+1.1 pp9th highest of 19
EV / EBITDA7.9×7.4×6th most expensive of 13
Net debt / EBITDA4.5×-0.3×3rd most indebted of 14
Bond spread126 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Carriage Services CSVUnited States$426M-41%+1%23%8.3×-4.3%+4.9%
IDP Education IEL.AXAustralia$424M-19%-10%12%12.2×-3.0%+8.5%
Mahindra Holidays & Resorts India MHRIL.NSIndia$422M-18%+7%6%16.7×30.5%+12.0%
Guilin Tourism 000978.SZChina$431M-8%+2%-6%n/a33.7%+12.6%
Gym GYM.LUnited Kingdom$436M+1%+9%13%35.6×11.7%+24.9%
Beijing Jingxi Culture and Tourism 000802.SZChina$409M-12%-60%-62%n/a10.6%-4.8%
Youngy Health 300247.SZChina$409M-21%+2%19%n/a5.7%+12.8%
ZJBC Information Technology 000889.SZChina$447M-28%-5%0%n/an/an/a
Nagase Brothers 9733.TJapan$404M-5%+8%9%12.0×-8.3%+7.0%
Rainbow Tours RBW.WAPoland$458M-8%+11%6%9.0×-10.6%+60.0%
Azoom 3496.TJapan$385M+21%+26%19%27.5×-1.0%+28.7%
Tibet Tourism 600749.SSChina$384M-29%-7%-12%n/a49.8%+8.1%
Lion Travel Service 2731.TWTaiwan$382M-15%+5%5%7.5×-20.4%+35.6%
Shenzhen Silver Basis Technology 002786.SZChina$483M-17%+1%1%n/a29.9%-6.6%
Vicom WJP.SISingapore$489M-1%+29%34%21.7×-8.4%+14.1%
Donglai Coating Technology (Shanghai) 688129.SSChina$370M-30%+7%13%21.8×n/an/a
H.I.S.Co 9603.TJapan$492M0%+4%3%n/a-1.9%-2.8%
Power Wind Health Industry 8462.TWTaiwan$366M+2%+20%17%10.2×-4.4%+10.5%
Thomas Cook (India) THOMASCOOK.NSIndia$499M+1%-7%3%23.1×13.8%+60.2%
Wuhan Sante Cableways 002159.SZChina$356M-18%-3%37%16.1×-8.9%+9.6%
Jp Holdings Inc 2749.TJapan$337M-8%+4%16%11.5×-19.0%+5.3%

Carriage Services bonds and credit

Carriage Services has 1 bond outstanding with $400M face value. The agencies rate it B+; its bonds trade like BB. Weighted yield 5.93%, a spread of 126 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Carriage Services's closest peers?
The cockpit's peer set: IDP Education (IEL.AX), Mahindra Holidays & Resorts India (MHRIL.NS), Guilin Tourism (000978.SZ), Gym (GYM.L), Beijing Jingxi Culture and Tourism (000802.SZ), Youngy Health (300247.SZ), ZJBC Information Technology (000889.SZ), Nagase Brothers (9733.T).
Is Carriage Services expensive compared with its peers?
On forward p/e it trades at 8.3× against a peer median of 16.1×, 2nd cheapest of 14 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -9 pp: the price already allows for a slowdown.
How has Carriage Services stock performed?
Over six months to 6 Nov 2026 the shares returned -41.0% against -9.9% for the median peer; over one year -38.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.