Latest Ratios: P/E Ratio 20.5x · EV/EBITDA 11.9x · ROE 32.7%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.8B | $11.1B | $11.7B | $10.4B | $11.1B | $12.1B | $8.8B | $8.5B | $7.5B | $7.2B | $5.6B |
| Enterprise Value | $15.7B | $16.0B | $16.4B | $15.0B | $15.3B | $15.9B | $12.4B | $12.0B | $10.9B | $10.3B | $8.7B |
| P/E Ratio → | 20.49 | 20.52 | 22.61 | 19.39 | 19.59 | 15.04 | 17.05 | 23.13 | 16.85 | 13.14 | 31.56 |
| P/S Ratio | 2.50 | 2.58 | 2.80 | 2.54 | 2.69 | 2.91 | 2.50 | 2.64 | 2.36 | 2.32 | 1.84 |
| P/B Ratio | 6.78 | 6.79 | 6.98 | 6.77 | 6.62 | 6.32 | 5.01 | 4.68 | 4.58 | 5.09 | 5.08 |
| P/FCF | 19.40 | 20.07 | 21.08 | 20.56 | 24.28 | 19.57 | 15.10 | 21.96 | 20.58 | 24.93 | 18.84 |
| P/OCF | 11.41 | 11.80 | 12.40 | 12.00 | 13.41 | 13.12 | 10.93 | 13.58 | 12.22 | 14.28 | 11.38 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.72 | 3.92 | 3.66 | 3.73 | 3.83 | 3.53 | 3.70 | 3.43 | 3.33 | 2.86 |
| EV / EBITDA | 11.91 | 12.19 | 13.07 | 11.96 | 12.60 | 10.81 | 11.25 | 13.09 | 12.43 | 12.61 | 11.44 |
| EV / EBIT | 16.07 | 16.26 | 17.59 | 15.83 | 15.55 | 13.61 | 14.86 | 18.99 | 17.78 | 18.35 | 15.41 |
| EV / FCF | — | 28.91 | 29.54 | 29.59 | 33.58 | 25.72 | 21.27 | 30.76 | 29.88 | 35.84 | 29.29 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.5% | 26.5% | 26.1% | 26.6% | 28.1% | 31.9% | 27.8% | 23.5% | 23.8% | 23.3% | 22.3% |
| Operating Margin | 22.6% | 22.6% | 22.2% | 23.0% | 22.6% | 28.7% | 24.0% | 20.6% | 19.8% | 18.4% | 16.9% |
| Net Profit Margin | 12.6% | 12.6% | 12.4% | 13.1% | 13.8% | 19.4% | 14.7% | 11.4% | 14.0% | 17.7% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 32.7% | 32.7% | 32.2% | 33.4% | 31.6% | 43.9% | 28.9% | 21.3% | 29.3% | 43.7% | 15.5% |
| ROA | 3.0% | 3.0% | 3.1% | 3.4% | 3.7% | 5.3% | 3.7% | 2.8% | 3.5% | 4.4% | 1.5% |
| ROIC | 11.3% | 11.3% | 11.1% | 11.8% | 12.0% | 16.2% | 11.9% | 9.7% | 9.9% | 9.8% | 9.1% |
| ROCE | 5.6% | 5.6% | 5.8% | 6.3% | 6.3% | 8.3% | 6.3% | 5.3% | 5.2% | 4.8% | 4.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.14 | 3.14 | 2.93 | 3.12 | 2.65 | 2.13 | 2.19 | 2.01 | 2.19 | 2.46 | 3.00 |
| Debt / EBITDA | 3.91 | 3.91 | 3.92 | 3.83 | 3.65 | 2.77 | 3.48 | 4.01 | 4.10 | 4.24 | 4.34 |
| Net Debt / Equity | — | 2.99 | 2.80 | 2.97 | 2.53 | 1.99 | 2.05 | 1.88 | 2.07 | 2.23 | 2.82 |
| Net Debt / EBITDA | 3.73 | 3.73 | 3.74 | 3.65 | 3.49 | 2.58 | 3.27 | 3.74 | 3.87 | 3.84 | 4.08 |
| Debt / FCF | — | 8.83 | 8.46 | 9.03 | 9.30 | 6.15 | 6.18 | 8.80 | 9.30 | 10.92 | 10.46 |
| Interest Coverage | 3.86 | 3.86 | 3.62 | 3.96 | 5.72 | 7.74 | 5.11 | 3.39 | 3.39 | 3.32 | 3.47 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.52 | 0.67 | 0.45 | 0.61 | 0.46 | 0.67 | 0.60 | 0.58 | 0.66 |
| Quick Ratio | 0.50 | 0.50 | 0.48 | 0.62 | 0.41 | 0.57 | 0.43 | 0.63 | 0.55 | 0.55 | 0.61 |
| Cash Ratio | 0.33 | 0.33 | 0.30 | 0.30 | 0.24 | 0.37 | 0.29 | 0.43 | 0.36 | 0.40 | 0.36 |
| Asset Turnover | — | 0.23 | 0.24 | 0.25 | 0.27 | 0.26 | 0.24 | 0.24 | 0.25 | 0.24 | 0.25 |
| Inventory Turnover | 89.92 | 89.92 | 92.91 | 89.53 | 93.07 | 108.74 | 105.93 | 98.34 | 97.39 | 93.50 | 89.09 |
| Days Sales Outstanding | — | 8.51 | 8.55 | 19.60 | 9.21 | 10.54 | 10.05 | 9.89 | 8.24 | 10.46 | 11.70 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 1.7% | 1.5% | 1.6% | 1.4% | 1.2% | 1.6% | 1.5% | 1.6% | 1.5% | 1.8% |
| Payout Ratio | 33.8% | 33.8% | 33.6% | 31.3% | 28.3% | 18.3% | 26.6% | 35.6% | 27.7% | 19.9% | 55.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 4.9% | 4.4% | 5.2% | 5.1% | 6.6% | 5.9% | 4.3% | 5.9% | 7.6% | 3.2% |
| FCF Yield | 5.2% | 5.0% | 4.7% | 4.9% | 4.1% | 5.1% | 6.6% | 4.6% | 4.9% | 4.0% | 5.3% |
| Buyback Yield | 4.3% | 4.1% | 2.2% | 5.2% | 6.0% | 4.6% | 5.9% | 1.5% | 3.7% | 2.8% | 4.1% |
| Total Shareholder Yield | 5.9% | 5.8% | 3.7% | 6.8% | 7.4% | 5.8% | 7.4% | 3.1% | 5.3% | 4.3% | 5.9% |
| Shares Outstanding | — | $143M | $147M | $152M | $160M | $170M | $179M | $186M | $187M | $192M | $196M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SCI stock.
Service Corporation International's current P/E ratio is 20.5x. The historical average is 22.2x. This places it at the 52th percentile of its historical range.
Service Corporation International's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
Service Corporation International's return on equity (ROE) is 32.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.4%.
Based on historical data, Service Corporation International is trading at a P/E of 20.5x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Service Corporation International's current dividend yield is 1.65% with a payout ratio of 33.8%.
Service Corporation International has 26.5% gross margin and 22.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Service Corporation International's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Elevated leverage and cremation shift
Metrics are mathematically derived from official filings.
Margins Hold Despite Cremation Mix Shift
Gross margin dipped to 24.8% in Q2 2026 from 28.0% a year earlier, yet operating margin held at 21.0%, as reported in financial statements, suggesting pricing power and cost controls offset mix pressure.
The gross margin compression likely reflects the ongoing shift toward lower-margin cremation services, but the stability of operating margin at 21.0% indicates that SCI's centralized procurement and overhead discipline are absorbing the mix drag. Net margin of 11.3% in Q2 2026 is below the 13.8% seen in Q4 2024, partly due to higher interest expense and non-recurring items. Investors should monitor whether the cremation mix shift accelerates, as it could structurally cap gross margin expansion despite pricing initiatives.
ROIC Trapped by Heavy Asset Base
ROIC has hovered between 2.6% and 3.2% over the past ten quarters, with Q2 2026 at 2.7%, as per reported figures, indicating that the capital-intensive cemetery and funeral asset base limits return generation.
Despite a strong ROE of 32.7% on a trailing basis, ROIC remains low because of the substantial PP&E and goodwill on the balance sheet, which together constitute roughly 26% of total assets. The gap between ROE and ROIC highlights the significant leverage employed, as equity is thin relative to debt. The stable but low ROIC suggests that while the business generates consistent cash flows, incremental capital deployment into acquisitions or cemetery development may not be compounding returns at an attractive rate.
Negative CCC Reflects Pre-Need Float
Cash conversion cycle improved to -63 days in Q2 2026 from -30 days in Q4 2024, as reported in financial statements, driven by extended payables and minimal inventory, indicating strong working capital management.
The negative CCC is a structural feature of the deathcare model, where customers pay for pre-need services years in advance, creating a float that funds operations. DPO has risen to 76 days from 51 days a year earlier, suggesting SCI is stretching supplier payments, which may strain vendor relationships if prolonged. The minimal DIO of 4 days reflects the service-oriented nature of the business, but the reliance on deferred revenue means that any slowdown in pre-need sales could quickly reverse the working capital benefit.
Leverage Creeps Higher as Coverage Thins
Debt-to-equity climbed to 3.45 in Q2 2026 from 2.94 in Q1 2024, while interest coverage fell to 3.58x from 4.12x, as per reported balance sheet data, signaling reduced financial flexibility.
Total debt reached $5.3B against an equity base of $1.5B, and the rising D/E ratio indicates that SCI is increasingly reliant on debt to fund buybacks and acquisitions. Interest coverage of 3.58x is adequate but has deteriorated from 4.29x in Q4 2025, and in a higher-for-longer rate environment, refinancing costs could pressure earnings. The reported D/E of 3.14 in the snapshot appears understated relative to the quarterly trend, warranting verification of the capital structure definition.
Thin Liquidity Buffer Raises Caution
Current ratio stood at 0.53 in Q2 2026, with cash of $260.4M against total debt of $5.3B, as reported in financial statements, indicating a tight liquidity position that may limit flexibility.
The current ratio has remained below 0.6 for the past ten quarters, reflecting the company's reliance on operating cash flow rather than current assets to meet short-term obligations. While the negative CCC and strong OCF provide some cushion, the thin liquidity buffer could become problematic if cash flows were to deteriorate due to a mortality downturn or an economic shock. Investors should monitor the availability of undrawn credit facilities, though this is not disclosed in the provided data.
Misapplied Metric: Debt-to-Equity
Debt-to-equity is commonly used to gauge SCI's leverage, but it understates true obligations because pre-need trust liabilities and deferred revenue are not captured, as per reported balance sheet data, obscuring actual financial risk.
The reported D/E of 3.45 appears high, but it fails to account for the $3.6B in deferred revenue and the trust fund liabilities that represent future service obligations. A more appropriate leverage metric would be Debt-to-EBITDA, which at 16.65x in Q2 2026 is elevated but reflects the cash-generating capacity of the business. Investors should focus on the sustainability of free cash flow relative to total debt, rather than the equity-based ratio, to assess refinancing risk.