SERVICE CORP INTERNATIONAL financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SERVICE CORP INTERNATIONAL files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2016	FY2018	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,031	3,095	3,190	3,231	3,512	4,143	4,109	4,100	4,186	4,309
Cost of revenue	2,354	2,372	2,430	2,470	2,519	2,820	2,954	3,008	3,096	3,169
Gross profit	677	723	760	761	992	1,323	1,155	1,092	1,091	1,140
General and administrative	137	159	146	127	157	158	237	157	139	166
Operating income	513	571	631	667	843	1,191	927	944	928	978
Interest expense	162	169	182	186	163	151	172	239	258	255
Other non-operating income	-2.07	-1.49	2.76	0.3	0.78	10.7	1.65	4.91	5.53	7.59
Pre-tax income	327	400	442	464	662	1,046	756	709	675	730
Income tax	149	-147	-5.83	94.7	146	242	190	171	157	187
Income from continuing operations	177	547
Net income to minority interests	0.27	0.18	0.35	0.18	0.23	0.31	0.7	0.34	0.11	0.23
Net income	177	547	447	370	516	803	565	537	519	543
EBITDA	661	724	784	818	998	1,350	1,103	1,136	1,136	1,198
EPS, basic	0.92	2.91	2.45	2.03	2.92	4.79	3.58	3.57	3.57	3.83
EPS, diluted	0.90	2.84	2.39	1.99	2.88	4.72	3.53	3.53	3.53	3.80
Shares, basic (weighted)	193	188	182	182	177	168	158	151	145	142
Shares, diluted (weighted)	196	192	187	186	179	170	160	152	147	143
Dividend per share	0.51	0.58	0.58	0.68		0.88	1.02	1.02	1.12	1.30

Balance sheet

	FY2016	FY2016	FY2018	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	195	330	199	186	231	269	192	222	219	244
Receivables	98.5	90.3	73.8	81.7	92.9	106	96.7	97.9	94.3	100
Inventory	26.4	25.4	25	25.1	23.9	25.9	31.7	33.6	33.3	35.2
Other current assets	34.5	35.6	33.6	80.5	28.4	40.4	32.5	23	30.9	32.6
Total current assets	354	481	331	374	376	441	360	498	377	412
Property, plant and equipment	1,828	1,873	1,977	2,065	2,134	2,252	2,351	2,480	2,581	2,752
Lease right-of-use assets			0	58.1	54.8	53.7	49.7	51	50.1	47.5
Goodwill	1,799	1,806	1,864	1,864	1,880	1,915	1,946	1,977	2,081	2,169
Intangible assets	368	374	434	431	441	472	481	485	512	474
Other non-current assets	568	601	934	1,030	1,080	1,170	1,190	1,248	1,317	1,361
Total assets	12,038	12,865	12,693	13,677	14,515	15,691	15,066	16,355	17,379	18,655
Accounts payable	440	489	480	479	576	659	707	686	639	685
Accrued liabilities	88.4	95.2	90.3	99.4	147	184	198	169	144	143
Short-term debt	90	337	69.9	69.8	228	65	90.7	63.3	83.9	56.8
Total current liabilities	538	829	556	557	816	728	799	749	724	746
Long-term debt	3,197	3,135	3,532	3,514	3,514	3,901	4,251	4,649	4,751	5,083
Lease liabilities			0	52.1	48.7	48.2	45.3	46.1	45.3	42.6
Other non-current liabilities	510	411	297	378	420	439	411	465	513	551
Total liabilities	10,943	11,455	11,051	11,854	12,763	13,782	13,393	14,814	15,701	17,016
Total debt	3,287	3,473	3,602	3,583	3,743	3,966	4,342	4,712	4,835	5,140
Paid-in capital	990	970	973	1,010	982	979	958	938	987	987
Retained earnings	-103	210	474	602	561	727	544	432	554	499
Other comprehensive income	16.5	41.9	13.4	29.9	39.4	40.2	16.5	24.9	-7.22	12.4
Shareholders' equity	1,093	1,409	1,642	1,823	1,753	1,909	1,673	1,541	1,678	1,638
Minority interests	2.53	0.05	-0.09	-0.06	-0.13	0	0.23	0.21	0.66	0.57
Total equity	1,095	1,409	1,642	1,823	1,753	1,909	1,673	1,541	1,679	1,639
Total liabilities and equity	12,038	12,865	12,693	13,677	14,515	15,691	15,066	16,355	17,379	18,655
Shares outstanding	189	187	181	181	171	163	154	146	145	140

Cash flow statement

	FY2016	FY2016	FY2018	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	177	547	448	370	516	803	566	538	519	543
Depreciation and amortization	147	153	154	151	155	159	175	191	208	220
Stock-based compensation	14.1	14.8	15.6	15	14.1	14.2	14.7	17	18.8	17.6
Deferred income tax	7.49	-318	-41.5	23	7.88	-5.84	3.47	192	7.54	41
Change in receivables	-14.2	-9.74	8.05	12.7
Cash from operations	489	503	616	629	804	921	826	869	945	943
Capital expenditures	-193	-215	-236	-240	-222	-304	-370	-362	-374	-389
Acquisitions	-72.9	-64.7	-176	55.6	-64.2	-121	-103	-72.5	-181	-101
Purchases of investments					-2,148	-1,823	-1,647	-2,070	-2,228	-2,334
Sales and maturities of investments	0	0	2.9	0	0	0	1.33	2,039	2,212	2,194
Cash from investing	-221	-243	-415	-279	-318	-415	-448	-469	-621	-548
Debt issued	300			1,100	1,585	975	19	957	1,451	1,116
Debt repaid	-36.4	-469	-34.1	-25.5	-34.5	-36.2	-36.3	-22.2	-24.4	-21.2
Stock issued	17.7	33.6	24.5	40.9	26.7	39.4	27.8	24.2	56.7	29.4
Share buybacks	-228	-200	-278	-130	-517	-554	-661	-545	-254	-461
Dividends paid	-98.4	-109	-124	-131	-137	-147	-160	-168	-174	-184
Cash from financing	-209	-136	-329	-319	-493	-466	-448	-381	-320	-375
Exchange rate effect	1.86	5.03	-5.05	3.89	2.79	-0.11	-3.88	1.72	-7.68	5.28
Net change in cash	60.4	129	-133	35	-4.01	39.9	-74	20.2	-3.36
Free cash flow	296	289	380	389	582	617	456	507	571	554
Interest paid	157	161	180	191	153	142	164	231	242	253
Income taxes paid	115	170	65.4	70.6	138	270	184	83.7	20.8	140

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $77.84 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	26.0%	Gross profit / revenue.
Operating margin	22.4%	Operating income / revenue.
EBITDA margin	27.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	16.5%	Pre-tax income / revenue.
Net margin	12.3%	Net income / revenue.
FCF margin	14.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	23.7%	Cash from operations / revenue.
Effective tax rate	25.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	35.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.8%	Net income / average total assets.
Return on invested capital (ROIC)	11.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	9.2%	Capital expenditures / revenue.
D&A / revenue	5.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	4.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-0.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	2.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	5.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	1.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	3.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	5.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	2.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	3.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	4.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-1.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	1.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	7.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	2.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	5.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-0.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	4.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	3.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-3.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	6.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-1.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	16.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	8.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-2.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-0.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-1.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-4.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.53x	Current assets / current liabilities.
Quick ratio	0.43x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.31x	(Cash + short-term investments) / current liabilities.
Debt / equity	3.45x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	27.6%	Total debt / total assets.
Liabilities / assets	92.0%	Total liabilities / total assets.
Net debt	$5.04B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.19x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	3.78x	Operating income / interest expense.
Working capital	-$396.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	11.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$637.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.23x	Revenue / average total assets.
Fixed asset turnover	1.54x	Revenue / average property, plant and equipment.
Inventory turnover	84.5x	Cost of revenue / average inventory.
Days inventory	4 days	365 x average inventory / cost of revenue.
Receivables turnover	42.0x	Revenue / average receivables.
Days sales outstanding	9 days	365 x average receivables / revenue.
Days payables	73 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	-60 days	Days inventory + days sales outstanding - days payables.
FCF conversion	118.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	38.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.89	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$31.59	Revenue / diluted weighted shares.
FCF per share	$4.59	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.50	Cash from operations / diluted weighted shares.
Book value per share	$11.25	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$4.67	Tangible book value / shares outstanding.
Cash per share	$1.91	(Cash + short-term investments) / shares outstanding.
Payout ratio	35.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	29.7%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	63.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$10.63B	Share price x shares outstanding.
Enterprise value	$15.68B	Market cap + total debt - cash - short-term investments.
P/E	19.8x	Market cap / net income. Only when net income is positive.
P/S	2.43x	Market cap / revenue.
P/B	6.92x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	16.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.2x	Market cap / cash from operations, when positive.
EV/Sales	3.59x	Enterprise value / revenue.
EV/EBIT	16.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	13.0x	Enterprise value / EBITDA, when both are positive.
EV/FCF	24.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.0%	Free cash flow / market cap.
Earnings yield	5.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.8%	Dividends paid over the period / market cap.
Shareholder yield	5.6%	(Dividends paid + share buybacks) / market cap.
PEG	7.95x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SERVICE CORP INTERNATIONAL's revenue in fiscal 2025?

SERVICE CORP INTERNATIONAL reported revenue of $4.31B for fiscal 2025, 2.9% higher than the year before.

Was SERVICE CORP INTERNATIONAL profitable in fiscal 2025?

Yes. Net income was $542.6M, a net margin of 12.6%.

How much free cash flow did SERVICE CORP INTERNATIONAL generate in fiscal 2025?

Cash from operations of $942.8M minus capital expenditures of $388.6M left free cash flow of $554.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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