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Carriage Services Valuation Multiples
Discover revenue and EBITDA valuation multiples for Carriage Services and similar public comparables like Musti Group, CEWE Group, XPS Pensions Group, Propel Funeral Partners and more.
Carriage Services Overview
About Carriage Services
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
Founded
1993
HQ
Employees
2.4K
Website
Financials (LTM)
EV
$1B
Carriage Services Financials
Carriage Services reported last 12-month revenue of $422M and EBITDA of $132M.
In the same LTM period, Carriage Services generated $148M in gross profit, $132M in EBITDA, and $52M in net income.
Revenue (LTM)
Carriage Services P&L
In the most recent fiscal year, Carriage Services reported revenue of $417M and EBITDA of $131M.
Carriage Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $422M | XXX | $417M | XXX | XXX | XXX |
| Gross Profit | $148M | XXX | $147M | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $132M | XXX | $131M | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $52M | XXX | $52M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $527M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Carriage Services Stock Performance
Carriage Services has current market cap of $717M, and enterprise value of $1B.
Market Cap Evolution
Carriage Services' stock price is $45.51.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $717M | 0.0% | XXX | XXX | XXX | $3.27 |
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Start Free TrialCarriage Services Valuation Multiples
Carriage Services trades at 3.0x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Carriage Services Financial Valuation Multiples
As of March 7, 2026, Carriage Services has market cap of $717M and EV of $1B.
Equity research analysts estimate Carriage Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Carriage Services has a P/E ratio of 13.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $717M | XXX | $717M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 9.7x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBIT | 12.9x | XXX | 13.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.6x | XXX | 8.7x | XXX | XXX | XXX |
| P/E | 13.8x | XXX | 13.9x | XXX | XXX | XXX |
| EV/FCF | 27.9x | XXX | 27.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Carriage Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Carriage Services Margins & Growth Rates
Carriage Services' revenue in the last 12 month grew by 6%.
Carriage Services' revenue per employee in the last FY averaged $0.2M.
Carriage Services' rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Carriage Services' rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Carriage Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Carriage Services Public Comps
See public comps and valuation multiples for other Personal Services and Home Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Musti Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CEWE Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XPS Pensions Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Propel Funeral Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Mears Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Carriage Services M&A Activity
Carriage Services acquired XXX companies to date.
Last acquisition by Carriage Services was on XXXXXXXX, XXXXX. Carriage Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Carriage Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCarriage Services Investment Activity
Carriage Services invested in XXX companies to date.
Carriage Services made its latest investment on XXXXXXXX, XXXXX. Carriage Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Carriage Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Carriage Services
| When was Carriage Services founded? | Carriage Services was founded in 1993. |
| Where is Carriage Services headquartered? | Carriage Services is headquartered in United States. |
| How many employees does Carriage Services have? | As of today, Carriage Services has over 2K employees. |
| Who is the CEO of Carriage Services? | Carriage Services' CEO is Carlos R. Quezada. |
| Is Carriage Services publicly listed? | Yes, Carriage Services is a public company listed on NYSE. |
| What is the stock symbol of Carriage Services? | Carriage Services trades under CSV ticker. |
| When did Carriage Services go public? | Carriage Services went public in 1996. |
| Who are competitors of Carriage Services? | Carriage Services main competitors are Musti Group, CEWE Group, XPS Pensions Group, Propel Funeral Partners. |
| What is the current market cap of Carriage Services? | Carriage Services' current market cap is $717M. |
| What is the current revenue of Carriage Services? | Carriage Services' last 12 months revenue is $422M. |
| What is the current revenue growth of Carriage Services? | Carriage Services revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Carriage Services? | Current revenue multiple of Carriage Services is 3.0x. |
| Is Carriage Services profitable? | Yes, Carriage Services is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Carriage Services? | Carriage Services' last 12 months EBITDA is $132M. |
| What is Carriage Services' EBITDA margin? | Carriage Services' last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Carriage Services? | Current EBITDA multiple of Carriage Services is 9.7x. |
| What is the current FCF of Carriage Services? | Carriage Services' last 12 months FCF is $46M. |
| What is Carriage Services' FCF margin? | Carriage Services' last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Carriage Services? | Current FCF multiple of Carriage Services is 27.9x. |
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