Service Corporation International
- Open
- 81.49
- Day high
- 81.60
- Day low
- 80.92
- Prev close
- 81.09
- Volume
- 45K
- Mkt cap
- $11.1B
- P/E (TTM)
- 18.0
- EPS (TTM)
- $4.52
- P/B
- 7.2
- P/S
- 2.5
- Yield
- 1.67%
- Per share
- $1.36
- ▼Insiders net selling -$28.4M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Service Corporation International (SCI) is a Consumer Cyclical company listed on NYSE. The stock is up 4% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering SCI.
Service Corporation International (SCI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SCI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.89 | $0.90 | +1.2% | $1.1B | +1.8% |
| Apr 30, 2026 | $1.00 | $0.97 | -3.1% | $1.1B | +0.2% |
| Feb 11, 2026 | $1.14 | $1.14 | -0.1% | $1.1B | -0.5% |
| Oct 29, 2025 | $0.83 | $0.87 | +4.7% | $1.1B | -4.9% |
| Jul 30, 2025 | $0.84 | $0.88 | +4.8% | $1.1B | +2.3% |
| Apr 30, 2025 | $0.90 | $0.96 | +6.7% | $1.1B | +1.2% |
| Feb 12, 2025 | $1.06 | $1.06 | +0.0% | $1.1B | +0.9% |
| Oct 30, 2024 | $0.77 | $0.79 | +2.6% | $1.0B | -6.5% |
| Jul 31, 2024 | $0.87 | $0.79 | -9.2% | $1.0B | +0.7% |
| May 1, 2024 | $0.85 | $0.89 | +4.7% | $1.0B | +2.7% |
| Feb 12, 2024 | $0.91 | $0.93 | +2.2% | $1.1B | +3.2% |
| Nov 1, 2023 | $0.69 | $0.78 | +13.0% | $1.0B | +2.4% |
SCI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 4, 2026 | RYAN THOMAS Ldirector, officer: CEO & Chairman | Sell | 235,893 | $85.19 |
| Aug 4, 2026 | TANZBERGER ERIC Dofficer: Exec. VP, and CFO | Sell | 54,800 | $86.04 |
| Aug 4, 2026 | TANZBERGER ERIC Dofficer: Exec. VP, and CFO | Option | 54,800 | $49.59 |
| Aug 4, 2026 | RYAN THOMAS Ldirector, officer: CEO & Chairman | Sell | 17,498 | $86.06 |
| Aug 4, 2026 | RYAN THOMAS Ldirector, officer: CEO & Chairman | Option | 17,498 | $42.63 |
| Aug 4, 2026 | Faulk John Hofficer: SVP, COO | Option | 24,600 | $42.63 |
| Aug 4, 2026 | Faulk John Hofficer: SVP, COO | Sell | 24,600 | $85.65 |
| Aug 4, 2026 | TANZBERGER ERIC Dofficer: Exec. VP, and CFO | Option | 54,600 | $49.59 |
| Aug 4, 2026 | RYAN THOMAS Ldirector, officer: CEO & Chairman | Option | 235,893 | $42.63 |
| May 13, 2026 | Tucker Sara Martinezdirector | Grant | 2,448 | — |
| May 13, 2026 | COELHO TONYdirector | Grant | 2,448 | — |
| May 13, 2026 | WATTS MARCUS Adirector | Grant | 2,448 | — |
| May 13, 2026 | Ochoa Ellendirector | Grant | 2,448 | — |
| May 13, 2026 | Hill Thaddirector | Grant | 2,448 | — |
| May 13, 2026 | Haussler Jakki L.director | Grant | 2,448 | — |
Source: SCI SEC Form 4 filings, latest Aug 4, 2026. For informational purposes only — not investment advice.
See the full SCI insider & 13F page →Service Corporation International company profile
Overview
Service Corporation International (NYSE:SCI) is North America's largest provider of deathcare services, founded in 1962 and headquartered in Houston, Texas. The company went public in 1980 and has grown through decades of acquisitions to become the dominant player in the funeral and cemetery industry. SCI operates over 1,471 funeral service locations and 488 cemeteries across 44 U.S. states, eight Canadian provinces, the District of Columbia, and Puerto Rico under various brand names including Dignity Memorial, National Cremation Society, and Neptune Society.
Business
Service Corporation International operates in the deathcare industry, providing comprehensive funeral and cemetery services to families during their most difficult times. The deathcare industry is fundamentally about helping people commemorate and memorialize deceased loved ones through various services and products. The company operates through two primary business segments: 1. Funeral Services (approximately 65-70% of revenue): This segment provides professional funeral services including funeral planning and directing, use of funeral facilities and vehicles, body preparation and embalming, cremation services, and memorial services. The company also sells funeral merchandise such as caskets, urns, outer burial containers, flowers, and memorial products. Funeral services can be purchased either at the time of need ("atneed") or in advance ("preneed"). 2. Cemetery Services (approximately 30-35% of revenue): This segment sells cemetery property rights including burial plots, lawn crypts, mausoleum spaces, and cremation niches. It also provides cemetery merchandise like memorial markers, monuments, and burial vaults, along with services such as graveside ceremonies, merchandise installation, and ongoing cemetery maintenance. The deathcare industry is characterized by its non-discretionary nature - death is inevitable, making demand relatively stable and recession-resistant. However, the industry has been experiencing significant changes, including rising cremation rates (now approaching 60% nationally), changing consumer preferences toward simpler services, and an aging baby boomer population that will drive increased demand over the coming decades.
Revenue model
SCI generates revenue through multiple streams within its deathcare operations. The company makes money primarily through direct service fees and product sales to grieving families who are the ultimate paying customers. In the funeral segment, revenue comes from professional service fees (typically $2,000-$4,000 per service), merchandise sales (caskets, urns, flowers), facility usage fees, and cremation services. The company also generates significant revenue from preneed sales - contracts sold in advance where customers pay for services before they're needed. These preneed contracts are often funded through insurance policies or trust arrangements, with SCI earning commissions on insurance sales. The cemetery segment generates revenue through property sales (burial plots, mausoleum spaces), merchandise (monuments, markers), and ongoing maintenance services. Large cemetery property sales to affluent customers can generate substantial revenue, with some individual sales exceeding $100,000. Several factors influence SCI's margins and profitability. Positive margin drivers include the company's scale advantages in purchasing merchandise, its ability to leverage fixed costs across a large network, pricing power due to the emotional and time-sensitive nature of purchases, and the shift toward higher-margin cremation services. The company's preneed program also provides predictable cash flow and the ability to earn investment returns on trust funds. Margin pressures come from wage inflation (labor represents a significant cost), rising cremation rates which can reduce merchandise sales, competitive pricing pressure in some markets, and regulatory compliance costs. Interest rate changes significantly impact the company since it manages large trust funds and offers financing options to customers.
Competitive moat
SCI possesses a strong but not impregnable moat built primarily on local market dominance, operational scale, and the unique characteristics of the deathcare industry. The company's moat stems from several factors that create barriers to entry and competitive advantages. The most significant moat element is local market presence and real estate. Prime cemetery locations and established funeral homes in desirable areas are extremely difficult to replicate due to zoning restrictions, community opposition to new facilities, and the decades required to build local reputation and trust. SCI's extensive network of 1,471 funeral homes and 488 cemeteries creates geographic density that enables operational efficiencies and market dominance in many metropolitan areas. Scale advantages provide another moat layer. SCI's size enables superior purchasing power for merchandise, shared services across locations, and the ability to invest in technology and training that smaller competitors cannot match. The company's preneed program creates customer lock-in and predictable future revenue streams. The emotional and time-sensitive nature of deathcare purchases reduces price sensitivity and creates customer loyalty. Families typically choose providers based on location, reputation, and recommendation rather than price shopping, giving established players like SCI pricing power. However, SCI's moat faces several challenges. Cremation trends are reducing merchandise sales and making the business more commoditized. New entrants like online cremation services (Neptune Society, which SCI acquired) and direct cremation providers are disrupting traditional models with lower-cost alternatives. Regulatory scrutiny from the FTC regarding pricing transparency could reduce information asymmetries that benefit traditional providers. Additionally, changing consumer preferences toward simpler, less expensive services challenge SCI's higher-margin traditional offerings. The moat remains meaningful but is gradually eroding as the industry evolves toward more commoditized, price-transparent services.
Risks & safety
SCI presents a moderate margin of safety with solid financial fundamentals but elevated leverage and cyclical earnings concerns. • Liquidity and Solvency: Strong cash generation with $945 million in operating cash flow and $556 million in free cash flow for 2024. However, current ratio of 0.52 indicates tight working capital management. Cash position of $219 million provides adequate liquidity buffer. • Debt Levels: High leverage with debt-to-equity ratio of 2.93, reflecting significant borrowing to fund acquisitions and capital returns. Total liabilities of $15.7 billion against $17.4 billion in assets. Interest coverage appears adequate given strong EBITDA of $1.26 billion. • Valuation Metrics: Trading at 22.4x trailing P/E and 12.9x EV/EBITDA, representing moderate valuations for a defensive business. Price-to-book of 6.9x reflects significant intangible assets and goodwill from acquisitions. • Other Considerations: Stable, non-discretionary demand provides earnings predictability. Aging demographics support long-term growth. However, elevated leverage limits financial flexibility, and changing industry dynamics create execution risks around the transition to insurance-funded preneed contracts.
Recent development
Over the past few years, SCI has undergone significant strategic evolution focused on adapting to changing industry dynamics and optimizing its business model. The most significant development has been the transition from trust-funded to insurance-funded preneed contracts. This shift, completed across states representing 75% of production, is expected to generate higher commission income and improve margins by approximately 150 basis points starting in 2025. The company has been actively transforming its direct cremation business (SCI Direct) to better align with market demands and improve profitability. This includes transitioning the model to focus more on insurance-funded preneed sales rather than immediate need services, which has created some near-term revenue headwinds but should improve long-term profitability. SCI has maintained an aggressive acquisition strategy, investing over $123 million in Q3 2024 alone to acquire 10 funeral homes and 2 cemeteries. The company targets strategic acquisitions in major metropolitan markets, typically investing $75-125 million annually, though recent activity has exceeded these targets as attractive opportunities emerge. Technology and digital transformation initiatives have accelerated, including enhanced CRM systems for sales force productivity, improved lead generation and management, and expanded online presence. Over 1,100 funeral homes now have pricing information available online in response to potential FTC regulatory changes. The company has been adapting to rising cremation rates by developing new service offerings and merchandise specifically for cremation customers, while also investing in crematory facilities and expanding its cremation-focused brands like Neptune Society and National Cremation Society. Cemetery development projects continue as a key growth driver, with ongoing investments in inventory expansion and facility improvements, particularly at flagship properties like Rose Hills in California where construction activities temporarily limited large property sales but are expected to support future growth.
SCI company profile · for informational purposes only — not investment advice.
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