Service Corporation International (SCI) 10-Year Financial Performance & Capital Metrics

SCI • • Industrial / General

Consumer CyclicalPersonal ServicesSpecialized Professional ServicesFuneral & Cemetery Services

AboutService Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services. In addition, it offers funeral merchandise, including burial caskets and related accessories, urns and other cremation receptacles, outer burial containers, flowers, online and video tributes, stationery products, casket and cremation memorialization products, and other ancillary merchandise. Further, the company's cemeteries provide cemetery property interment rights, such as developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options; and sells cemetery merchandise and services, including memorial markers and bases, outer burial containers, flowers and floral placements, graveside services, merchandise installations, and interments, as well as offers preneed cemetery merchandise and services. Service Corporation International offers its products and services under the Dignity Memorial, Dignity Planning, National Cremation Society, Advantage Funeral and Cremation Services, Funeraria del Angel, Making Everlasting Memories, Neptune Society, and Trident Society brands. As of December 31, 2021, it owned and operated 1,471 funeral service locations; and 488 cemeteries, including 299 funeral service/cemetery combination locations covering 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. The company was incorporated in 1962 and is headquartered in Houston, Texas.Show more

Revenue $4.19B +2.1%
EBITDA $1.26B
Net Income $519M -3.5%
EPS (Diluted) 3.53
Gross Margin 26.05% -2.2%
EBITDA Margin 29.99% -2.1%
Operating Margin 22.16% -3.8%
Net Margin 12.39% -5.5%
ROE 32.21% -3.6%
ROIC 11.13% -5.4%
Debt/Equity 2.93 -6.0%
Interest Coverage 3.60 -8.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.4%
✓11 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 3.7% through buybacks
✓Healthy 5Y average net margin of 14.7%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.41%

5Y5.32%

3Y0.35%

TTM3.41%

Profit (Net Income) CAGR

10Y11.64%

5Y7.01%

3Y-13.56%

TTM5.71%

EPS CAGR

10Y15.86%

5Y12.15%

3Y-9.23%

TTM7.85%

ROCE

10Y Avg5.77%

5Y Avg6.6%

3Y Avg6.14%

Latest5.75%

Peer Comparison

Funeral & Cemetery Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SCIService Corporation International	11.51B	82.10	23.26	2.11%	12.46%	34.11%	4.83%	2.93
CSVCarriage Services, Inc.	693.26M	44.03	20.97	5.67%	11.96%	20.24%	5.18%	2.69

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.99B	3.03B	3.1B	3.19B	3.23B	3.51B	4.14B	4.11B	4.1B	4.19B
Revenue Growth %	-0%	0.01%	0.02%	0.03%	0.01%	0.09%	0.18%	-0.01%	-0%	0.02%
Cost of Goods Sold+	2.31B	2.35B	2.37B	2.43B	2.47B	2.53B	2.82B	2.95B	3.01B	3.1B
COGS % of Revenue	0.77%	0.78%	0.77%	0.76%	0.76%	0.72%	0.68%	0.72%	0.73%	0.74%
Gross Profit+	671.95M	676.43M	722.19M	760.32M	760.58M	976.83M	1.32B	1.15B	1.09B	1.09B
Gross Margin %	0.23%	0.22%	0.23%	0.24%	0.24%	0.28%	0.32%	0.28%	0.27%	0.26%
Gross Profit Growth %	-0.01%	0.01%	0.07%	0.05%	0%	0.28%	0.35%	-0.13%	-0.05%	-0%
Operating Expenses+	128.19M	137.73M	154.42M	145.5M	126.89M	134.06M	132.4M	227.29M	147.55M	162.98M
OpEx % of Revenue	0.04%	0.05%	0.05%	0.05%	0.04%	0.04%	0.03%	0.06%	0.04%	0.04%
Selling, General & Admin	128.19M	137.73M	154.42M	145.5M	126.89M	141.07M	138.11M	237.25M	157.37M	139.02M
SG&A % of Revenue	0.04%	0.05%	0.05%	0.05%	0.04%	0.04%	0.03%	0.06%	0.04%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-113K	-631K	460K	0	299K	-7.01M	-5.71M	-9.96M	-9.82M	23.96M
Operating Income+	550.28M	511.88M	569.2M	630.66M	666.61M	842.77M	1.19B	927.32M	944.25M	927.68M
Operating Margin %	0.18%	0.17%	0.18%	0.2%	0.21%	0.24%	0.29%	0.23%	0.23%	0.22%
Operating Income Growth %	-0.09%	-0.07%	0.11%	0.11%	0.06%	0.26%	0.41%	-0.22%	0.02%	-0.02%
EBITDA+	785.6M	756.82M	818.09M	879.14M	913.59M	1.1B	1.47B	1.22B	1.26B	1.26B
EBITDA Margin %	0.26%	0.25%	0.26%	0.28%	0.28%	0.31%	0.35%	0.3%	0.31%	0.3%
EBITDA Growth %	-0.07%	-0.04%	0.08%	0.07%	0.04%	0.21%	0.33%	-0.17%	0.03%	0%
D&A (Non-Cash Add-back)	235.32M	244.93M	248.89M	248.49M	246.98M	258.15M	277.47M	287.81M	311.24M	327.94M
EBIT	543.25M	561.8M	562.18M	614.93M	629.85M	833.42M	1.17B	984.87M	948.05M	933.19M
Net Interest Income+	-172.9M	-162.09M	-169.13M	-181.56M	-185.84M	-163.06M	-150.61M	-172.11M	-239.45M	-257.77M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	172.9M	162.09M	169.13M	181.56M	185.84M	163.06M	150.61M	172.11M	239.45M	257.77M
Other Income/Expense	-179.95M	-186.66M	-170.88M	-188.93M	-202.18M	-180.71M	-145.18M	-171.69M	-235.65M	-252.26M
Pretax Income+	370.35M	326.66M	400.26M	441.73M	464.43M	662.06M	1.05B	755.63M	708.61M	675.42M
Pretax Margin %	0.12%	0.11%	0.13%	0.14%	0.14%	0.19%	0.25%	0.18%	0.17%	0.16%
Income Tax+	135.03M	149.35M	-146.59M	-5.83M	94.66M	145.92M	242.25M	189.59M	170.94M	156.66M
Effective Tax Rate %	0.63%	0.54%	1.37%	1.01%	0.8%	0.78%	0.77%	0.75%	0.76%	0.77%
Net Income+	233.77M	177.04M	546.66M	447.21M	369.6M	515.91M	802.94M	565.34M	537.32M	518.65M
Net Margin %	0.08%	0.06%	0.18%	0.14%	0.11%	0.15%	0.19%	0.14%	0.13%	0.12%
Net Income Growth %	0.36%	-0.24%	2.09%	-0.18%	-0.17%	0.4%	0.56%	-0.3%	-0.05%	-0.03%
Net Income (Continuing)	235.32M	177.31M	546.85M	447.56M	369.77M	516.14M	803.25M	566.03M	537.66M	518.75M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.71M	2.53M	47K	-88K	-58K	-127K	4K	232K	209K	664K
EPS (Diluted)+	1.14	0.90	2.84	2.39	1.99	2.88	4.72	3.53	3.53	3.53
EPS Growth %	0.41%	-0.21%	2.16%	-0.16%	-0.17%	0.45%	0.64%	-0.25%	0%	0%
EPS (Basic)	1.17	0.92	2.91	2.45	2.03	2.92	4.79	3.58	3.57	3.57
Diluted Shares Outstanding	204.45M	196.04M	192.25M	186.97M	185.52M	178.99M	170.11M	160.13M	152.35M	146.78M
Basic Shares Outstanding	200.36M	193.09M	187.63M	182.45M	182.25M	176.71M	167.54M	157.71M	150.56M	145.27M
Dividend Payout Ratio	0.37%	0.56%	0.2%	0.28%	0.36%	0.27%	0.18%	0.28%	0.31%	0.34%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	308.41M	354.4M	481.3M	331.23M	373.55M	376.15M	441.06M	359.85M	498.29M	377.33M
Cash & Short-Term Investments	134.6M	194.99M	330.04M	198.85M	240.57M	236.43M	268.63M	191.94M	221.56M	218.77M
Cash Only	134.6M	194.99M	330.04M	198.85M	240.57M	236.43M	268.63M	191.94M	221.56M	218.77M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	106.12M	97.2M	88.7M	72.04M	87.58M	96.66M	119.69M	103.7M	220.12M	98.12M
Days Sales Outstanding	12.97	11.7	10.46	8.24	9.89	10.05	10.54	9.21	19.6	8.55
Inventory	27.84M	26.43M	25.38M	24.95M	25.12M	23.93M	25.93M	31.74M	33.6M	33.32M
Days Inventory Outstanding	4.39	4.1	3.9	3.75	3.71	3.45	3.36	3.92	4.08	3.93
Other Current Assets	66.45M	63.86M	60.37M	47.4M	15.84M	14.53M	22.23M	14.43M	4.47M	6.48M
Total Non-Current Assets+	11.41B	11.68B	12.38B	12.36B	13.3B	14.14B	15.25B	14.71B	15.86B	17B
Property, Plant & Equipment	3.6B	3.6B	3.67B	3.81B	4B	4.07B	4.21B	4.34B	4.55B	4.76B
Fixed Asset Turnover	0.83x	0.84x	0.84x	0.84x	0.81x	0.86x	0.98x	0.95x	0.90x	0.88x
Goodwill	1.8B	1.8B	1.81B	1.86B	1.86B	1.88B	1.92B	1.95B	1.98B	2.08B
Intangible Assets	370M	368.06M	374.1M	433.83M	431.17M	441.39M	471.71M	481.01M	485.11M	512.38M
Long-Term Investments	1.32B	1.41B	1.53B	1.48B	6.48B	7.18B	6.77B	5.88B	6.62B	7.32B
Other Non-Current Assets	1.75B	4.87B	5.38B	5.2B	528.6M	572.75M	1.88B	2.06B	2.22B	2.32B
Total Assets+	11.72B	12.04B	12.86B	12.69B	13.68B	14.52B	15.69B	15.07B	16.36B	17.38B
Asset Turnover	0.25x	0.25x	0.24x	0.25x	0.24x	0.24x	0.26x	0.27x	0.25x	0.24x
Asset Growth %	-0.02%	0.03%	0.07%	-0.01%	0.08%	0.06%	0.08%	-0.04%	0.09%	0.06%
Total Current Liabilities+	519.4M	537.87M	828.98M	555.6M	556.72M	815.93M	728.26M	799.28M	749.1M	723.84M
Accounts Payable	140.02M	155.8M	173.69M	173.36M	174.49M	186.4M	204.09M	177.97M	203.35M	203.34M
Days Payables Outstanding	22.08	24.15	26.72	26.04	25.78	26.84	26.42	21.99	24.68	23.98
Short-Term Debt	108.63M	110.9M	364.58M	69.9M	95.05M	269.29M	104.06M	130.36M	99.9M	114.02M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	116.88M	118.87M	193.01M	-24.84M	179.42M	201.25M	288.59M	374.38M	336.06M	264.02M
Current Ratio	0.59x	0.66x	0.58x	0.60x	0.67x	0.46x	0.61x	0.45x	0.67x	0.52x
Quick Ratio	0.54x	0.61x	0.55x	0.55x	0.63x	0.43x	0.57x	0.41x	0.62x	0.48x
Cash Conversion Cycle	-4.72	-8.35	-12.35	-14.05	-12.18	-13.35	-12.52	-8.86	-1	-11.49
Total Non-Current Liabilities+	10.01B	10.41B	10.63B	10.5B	11.3B	11.95B	13.05B	12.59B	14.06B	14.98B
Long-Term Debt	3.07B	3.2B	3.14B	3.53B	3.37B	3.41B	3.9B	4.25B	4.65B	4.75B
Capital Lease Obligations	204.25M	208.76M	197.23M	187.7M	197.91M	150.41M	48.18M	45.31M	46.05M	45.27M
Deferred Tax Liabilities	470.58M	454.64M	283.76M	404.63M	421.48M	437.31M	437.9M	445.04M	638.11M	649.2M
Other Non-Current Liabilities	5.14B	5.39B	1.74B	1.58B	2B	2.19B	2.37B	2.06B	2.36B	2.61B
Total Liabilities	10.53B	10.94B	11.46B	11.05B	11.85B	12.76B	13.78B	13.39B	14.81B	15.7B
Total Debt+	3.17B	3.29B	3.47B	3.6B	3.66B	3.83B	4.06B	4.43B	4.8B	4.92B
Net Debt	3.03B	3.09B	3.14B	3.4B	3.42B	3.6B	3.79B	4.24B	4.58B	4.7B
Debt / Equity	2.66x	3.00x	2.46x	2.19x	2.01x	2.19x	2.13x	2.65x	3.12x	2.93x
Debt / EBITDA	4.03x	4.34x	4.24x	4.10x	4.01x	3.48x	2.77x	3.65x	3.83x	3.92x
Net Debt / EBITDA	3.86x	4.08x	3.84x	3.87x	3.74x	3.27x	2.58x	3.49x	3.65x	3.74x
Interest Coverage	3.18x	3.16x	3.37x	3.47x	3.59x	5.17x	7.91x	5.39x	3.94x	3.60x
Total Equity+	1.19B	1.1B	1.41B	1.64B	1.82B	1.75B	1.91B	1.67B	1.54B	1.68B
Equity Growth %	-0.14%	-0.08%	0.29%	0.16%	0.11%	-0.04%	0.09%	-0.12%	-0.08%	0.09%
Book Value per Share	5.82	5.59	7.33	8.78	9.83	9.79	11.22	10.45	10.12	11.44
Total Shareholders' Equity	1.18B	1.09B	1.41B	1.64B	1.82B	1.75B	1.91B	1.67B	1.54B	1.68B
Common Stock	195.77M	189.41M	186.62M	181.47M	185.1M	174.79M	163.11M	153.94M	146.32M	146.67M
Retained Earnings	-109.35M	-103.39M	210.36M	474.33M	601.9M	560.73M	727.02M	544.38M	432.45M	553.7M
Treasury Stock	0	0	0	0	-3.92M	-4.08M	0	0	0	0
Accumulated OCI	6.16M	16.49M	41.94M	13.39M	29.86M	39.37M	40.21M	16.54M	24.89M	-7.22M
Minority Interest	4.71M	2.53M	47K	-88K	-58K	-127K	4K	232K	209K	664K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	472.19M	489.04M	503.37M	615.83M	628.75M	804.35M	920.61M	825.73M	869.04M	944.91M
Operating CF Margin %	0.16%	0.16%	0.16%	0.19%	0.19%	0.23%	0.22%	0.2%	0.21%	0.23%
Operating CF Growth %	0.49%	0.04%	0.03%	0.22%	0.02%	0.28%	0.14%	-0.1%	0.05%	0.09%
Net Income	235.32M	177.31M	546.85M	447.56M	369.77M	516.14M	803.25M	566.03M	537.66M	518.75M
Depreciation & Amortization	235.32M	244.93M	248.89M	248.49M	246.98M	258.15M	277.47M	287.81M	311.24M	327.94M
Stock-Based Compensation	13.84M	14.06M	14.79M	15.63M	15.03M	14.1M	14.17M	14.71M	15.42M	17.16M
Deferred Taxes	18.05M	7.49M	-317.84M	-41.48M	23.03M	7.88M	-5.84M	3.47M	191.52M	7.54M
Other Non-Cash Items	-8.76M	53.24M	9.1M	5.99M	-1.46M	30.46M	-2.21M	13.64M	9.41M	31.58M
Working Capital Changes	-21.59M	-7.99M	1.58M	-60.35M	-24.6M	-22.38M	-166.23M	-59.94M	-196.21M	41.93M
Change in Receivables	-47.66M	-87.59M	-73.73M	-47.55M	-28.86M	-173.31M	-328.28M	-304.9M	-182.45M	-136.47M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	20.57M	47.89M	81.76M	-16.7M	1.79M	0	0	0	0	0
Cash from Investing+	-166.42M	-221.03M	-242.88M	-414.62M	-278.51M	-318.37M	-414.93M	-447.88M	-469.39M	-620.95M
Capital Expenditures	-150.99M	-193.45M	-214.5M	-14.53M	-239.96M	-222.21M	-303.66M	-369.71M	-361.79M	-389.11M
CapEx % of Revenue	0.05%	0.06%	0.07%	0%	0.07%	0.06%	0.07%	0.09%	0.09%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.05M	-6.53M	-16.11M	-264.05M	-59.98M	-53.91M	-30.59M	-19.04M	-60.95M	-75.03M
Cash from Financing+	-338.48M	-209.45M	-136.43M	-329.18M	-319.09M	-492.78M	-465.62M	-448M	-381.14M	-319.64M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-87.57M	-98.42M	-108.75M	-123.85M	-131.4M	-137.39M	-146.92M	-160.03M	-167.98M	-174.28M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	41.83M	23.15M	16.09M	-235.07M	-1.14B	-1.36B	25.71M	27.29M	16.71M	41.29M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	321.2M	295.59M	287.84M	365.76M	388.8M	582.14M	616.95M	456.02M	507.25M	555.8M
FCF Margin %	0.11%	0.1%	0.09%	0.11%	0.12%	0.17%	0.15%	0.11%	0.12%	0.13%
FCF Growth %	0.86%	-0.08%	-0.03%	0.27%	0.06%	0.5%	0.06%	-0.26%	0.11%	0.1%
FCF per Share	1.57	1.51	1.50	1.96	2.10	3.25	3.63	2.85	3.33	3.79
FCF Conversion (FCF/Net Income)	2.02x	2.76x	0.92x	1.38x	1.70x	1.56x	1.15x	1.46x	1.62x	1.82x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.22%	15.5%	43.65%	29.31%	21.33%	28.85%	43.85%	31.56%	33.43%	32.21%
Return on Invested Capital (ROIC)	9.74%	9.13%	9.77%	9.86%	9.72%	11.94%	16.16%	11.97%	11.77%	11.13%
Gross Margin	22.5%	22.32%	23.33%	23.83%	23.54%	27.82%	31.93%	28.1%	26.63%	26.05%
Net Margin	7.83%	5.84%	17.66%	14.02%	11.44%	14.69%	19.38%	13.76%	13.11%	12.39%
Debt / Equity	2.66x	3.00x	2.46x	2.19x	2.01x	2.19x	2.13x	2.65x	3.12x	2.93x
Interest Coverage	3.18x	3.16x	3.37x	3.47x	3.59x	5.17x	7.91x	5.39x	3.94x	3.60x
FCF Conversion	2.02x	2.76x	0.92x	1.38x	1.70x	1.56x	1.15x	1.46x	1.62x	1.82x
Revenue Growth	-0.25%	1.5%	2.11%	3.07%	1.27%	8.69%	17.99%	-0.83%	-0.22%	2.11%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	1.58B	1.61B	1.77B	2.14B	2.14B	2.12B	2.11B
Product Growth	-	-	-	-	1.64%	10.10%	20.70%	-0.15%	-0.56%	-0.78%
Service	-	-	-	1.37B	1.38B	1.51B	1.73B	1.71B	1.68B	1.73B
Service Growth	-	-	-	-	0.34%	9.75%	14.37%	-1.37%	-1.39%	2.88%
Product and Service, Other	-	-	-	231.55M	241.63M	225.31M	272.49M	264.97M	291.76M	346.47M
Product and Service, Other Growth	-	-	-	-	4.35%	-6.75%	20.94%	-2.76%	10.11%	18.75%
Funeral	1.13B	1.13B	1.13B	-	-	-	-	-	-	-
Funeral Growth	-	-0.73%	0.27%	-	-	-	-	-	-	-
Cemetery	217.45M	219.04M	227.16M	-	-	-	-	-	-	-
Cemetery Growth	-	0.73%	3.70%	-	-	-	-	-	-	-
Intersegment Eliminations	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	2.81B	2.85B	2.89B	2.99B	3.05B	3.33B	3.92B	3.88B	3.88B	3.97B
UNITED STATES Growth	-	1.54%	1.42%	3.54%	2.02%	9.05%	17.74%	-1.07%	0.12%	2.22%
CANADA	180.63M	182.26M	205.57M	198.56M	178.68M	183.13M	224.37M	231.97M	218.44M	218.81M
CANADA Growth	-	0.90%	12.79%	-3.41%	-10.01%	2.49%	22.52%	3.39%	-5.83%	0.17%

Frequently Asked Questions

Valuation & Price

Service Corporation International (SCI) has a price-to-earnings (P/E) ratio of 23.3x. This is roughly in line with market averages.

Growth & Financials

Service Corporation International (SCI) reported $4.29B in revenue for fiscal year 2024. This represents a 85% increase from $2.32B in 2011.

Service Corporation International (SCI) grew revenue by 2.1% over the past year. Growth has been modest.

Yes, Service Corporation International (SCI) is profitable, generating $534.6M in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, Service Corporation International (SCI) pays a dividend with a yield of 1.45%. This makes it attractive for income-focused investors.

Service Corporation International (SCI) has a return on equity (ROE) of 32.2%. This is excellent, indicating efficient use of shareholder capital.

Service Corporation International (SCI) generated $618.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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