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Carriage Services vs Unifirst: revenue, profit, margins and growth compared

Carriage Services brought in $417.4M of revenue in fiscal 2025, Unifirst $2.4B in fiscal 2025. Revenue changed by +3.3% at Carriage Services and +0.2% at Unifirst on the year before, so Carriage Services grew faster. Carriage Services kept 12.3% of its revenue as net profit, Unifirst 6.1%. Free cash flow was $40.1M at Carriage Services and $142.5M at Unifirst.

Side by side, latest fiscal year

CSVUNF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (August 30, 2025)
Revenue$417.4M$2.4B
Revenue growth+3.3%+0.2%
Net income$51.5M$148.3M
Net margin12.3%6.1%
Free cash flow$40.1M$142.5M
Free cash flow margin9.6%5.9%
Earnings per share (diluted)$3.25$7.98
Cash$1.7M$203.5M
Debt$528.3Mn/a
Price to earnings9.832.5
Market value$507.3M$4.7B
Dividend yield1.41%n/a
Rank by revenue in sector#584 of 778 · Consumer discretionary#327 of 778 · Consumer discretionary

Over the years

Revenue
CSV FY2017: $268MCSV FY2019: $274.1MCSV FY2020: $329.4MCSV FY2021: $375.9MCSV FY2022: $370.2MCSV FY2023: $382.5MCSV FY2024: $404.2MCSV FY2025: $417.4MUNF FY2018: $1.7BUNF FY2019: $1.8BUNF FY2020: $1.8BUNF FY2021: $1.8BUNF FY2022: $2BUNF FY2023: $2.2BUNF FY2024: $2.4BUNF FY2025: $2.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CSV $417.4MUNF $2.4B
Net income
CSV FY2017: $11.6MCSV FY2019: $14.5MCSV FY2020: $16.1MCSV FY2021: $33.2MCSV FY2022: $41.4MCSV FY2023: $33.4MCSV FY2024: $33MCSV FY2025: $51.5MUNF FY2018: $163.9MUNF FY2019: $179.1MUNF FY2020: $135.8MUNF FY2021: $151.1MUNF FY2022: $103.4MUNF FY2023: $103.7MUNF FY2024: $145.5MUNF FY2025: $148.3MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CSV $51.5MUNF $148.3M
Net margin
CSV FY2017: 4.3%CSV FY2019: 5.3%CSV FY2020: 4.9%CSV FY2021: 8.8%CSV FY2022: 11.2%CSV FY2023: 8.7%CSV FY2024: 8.2%CSV FY2025: 12.3%UNF FY2018: 9.7%UNF FY2019: 9.9%UNF FY2020: 7.5%UNF FY2021: 8.3%UNF FY2022: 5.2%UNF FY2023: 4.6%UNF FY2024: 6.0%UNF FY2025: 6.1%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CSV 12.3%UNF 6.1%
Revenue growth
CSV FY2019: +2.3%CSV FY2020: +20.2%CSV FY2021: +14.1%CSV FY2022: -1.5%CSV FY2023: +3.3%CSV FY2024: +5.7%CSV FY2025: +3.3%UNF FY2019: +6.7%UNF FY2020: -0.3%UNF FY2021: +1.2%UNF FY2022: +9.6%UNF FY2023: +11.6%UNF FY2024: +8.7%UNF FY2025: +0.2%FY19FY20FY21FY22FY23FY24FY25
CSV +3.3%UNF +0.2%
Free cash flow
CSV FY2017: $35.5MCSV FY2019: $27.8MCSV FY2020: $67.7MCSV FY2021: $59.4MCSV FY2022: $34.9MCSV FY2023: $57.6MCSV FY2024: $35.9MCSV FY2025: $40.1MUNF FY2018: $117.3MUNF FY2019: $162.3MUNF FY2020: $170MUNF FY2021: $78.7MUNF FY2022: -$21.7MUNF FY2023: $43.8MUNF FY2024: $134.9MUNF FY2025: $142.5MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CSV $40.1MUNF $142.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Carriage Services and Unifirst

Which is bigger by revenue, Carriage Services or Unifirst?

Unifirst is bigger by revenue: $2.4B in fiscal 2025, against $417.4M for Carriage Services in fiscal 2025.

Which keeps more of its revenue as profit, Carriage Services or Unifirst?

Carriage Services had a net margin of 12.3% in fiscal 2025; Unifirst had 6.1% in fiscal 2025.

Which grew revenue faster, Carriage Services or Unifirst?

In their latest fiscal years revenue changed by +3.3% at Carriage Services and +0.2% at Unifirst.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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