Service Corporation International (SCI) financial statements
Service Corporation International reported revenue of $4.3B in fiscal 2025, up 4.0% a year over 9 years.
Net income was $543M and the operating margin 22.7%, against 16.9% in 2016.
Free cash flow was $554M, and the company returned $184M in dividends and $461M in net buybacks.
The diluted share count fell 27% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Service Corporation International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.2B | $3.2B | $3.5B | $4.1B | $4.1B | $4.1B | $4.2B | $4.3B |
| Cost of revenue | $2.4B | $2.4B | $2.4B | $2.5B | $2.5B | $2.8B | $3.0B | $3.0B | $3.1B | $3.2B |
| Gross profit | $677M | $723M | $760M | $761M | $992M | $1.3B | $1.2B | $1.1B | $1.1B | $1.1B |
| Selling, general and admin | $137M | $159M | $146M | $127M | $157M | $158M | $237M | $157M | $139M | $166M |
| Operating income | $513M | $571M | $631M | $667M | $843M | $1.2B | $927M | $944M | $928M | $978M |
| Interest expense | $162M | $169M | $182M | $186M | $163M | $151M | $172M | $239M | $258M | $255M |
| Pre-tax income | $327M | $400M | $442M | $464M | $662M | $1.0B | $756M | $709M | $675M | $730M |
| Income tax | $149M | -$147M | -$6M | $95M | $146M | $242M | $190M | $171M | $157M | $187M |
| Net income | $177M | $547M | $447M | $370M | $516M | $803M | $565M | $537M | $519M | $543M |
| EPS (diluted) | $0.90 | $2.84 | $2.39 | $1.99 | $2.88 | $4.72 | $3.53 | $3.53 | $3.53 | $3.80 |
| Diluted shares | 196M | 192M | 187M | 186M | 179M | 170M | 160M | 152M | 147M | 143M |
| Gross margin | 22.3% | 23.4% | 23.8% | 23.5% | 28.3% | 31.9% | 28.1% | 26.6% | 26.1% | 26.5% |
| Operating margin | 16.9% | 18.5% | 19.8% | 20.6% | 24.0% | 28.7% | 22.6% | 23.0% | 22.2% | 22.7% |
| Net margin | 5.8% | 17.7% | 14.0% | 11.4% | 14.7% | 19.4% | 13.8% | 13.1% | 12.4% | 12.6% |
Balance sheet
Fiscal years, from Service Corporation International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $195M | $330M | $199M | $186M | $231M | $269M | $192M | $222M | $219M | $244M |
| Receivables | $98M | $90M | $74M | $82M | $93M | $106M | $97M | $98M | $94M | $100M |
| Inventory | $26M | $25M | $25M | $25M | $24M | $26M | $32M | $34M | $33M | $35M |
| Total current assets | $354M | $481M | $331M | $374M | $376M | $441M | $360M | $498M | $377M | $412M |
| Property, plant and equipment | $1.8B | $1.9B | $2.0B | $2.1B | $2.1B | $2.3B | $2.4B | $2.5B | $2.6B | $2.8B |
| Goodwill | $1.8B | $1.8B | $1.9B | $1.9B | $1.9B | $1.9B | $1.9B | $2.0B | $2.1B | $2.2B |
| Total assets | $12.0B | $12.9B | $12.7B | $13.7B | $14.5B | $15.7B | $15.1B | $16.4B | $17.4B | $18.7B |
| Total current liabilities | $538M | $829M | $556M | $557M | $816M | $728M | $799M | $749M | $724M | $746M |
| Long-term debt | $3.2B | $3.1B | $3.5B | $3.5B | $3.5B | $3.9B | $4.3B | $4.6B | $4.8B | $5.1B |
| Total liabilities | $10.9B | $11.5B | $11.1B | $11.9B | $12.8B | $13.8B | $13.4B | $14.8B | $15.7B | $17.0B |
| Shareholders' equity | $1.1B | $1.4B | $1.6B | $1.8B | $1.8B | $1.9B | $1.7B | $1.5B | $1.7B | $1.6B |
| Net debt | $3.1B | $3.1B | $3.4B | $3.4B | $3.5B | $3.7B | $4.1B | $4.5B | $4.6B | $4.9B |
Cash flow
Fiscal years, from Service Corporation International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $489M | $503M | $616M | $629M | $804M | $921M | $826M | $869M | $945M | $943M |
| Capital spending | $193M | $215M | $236M | $240M | $222M | $304M | $370M | $362M | $374M | $389M |
| Free cash flow | $296M | $289M | $380M | $389M | $582M | $617M | $456M | $507M | $571M | $554M |
| Stock-based compensation | $14M | $15M | $16M | $15M | $14M | $14M | $15M | $17M | $19M | $18M |
| Dividends paid | $98M | $109M | $124M | $131M | $137M | $147M | $160M | $168M | $174M | $184M |
| Share buybacks (net) | -$228M | -$200M | -$278M | -$130M | -$517M | -$554M | -$661M | -$545M | -$254M | -$461M |
| Net borrowing | $264M | -$469M | -$34M | $1.1B | $1.6B | $939M | -$17M | $935M | $1.4B | $1.1B |
| Free cash flow margin | 9.8% | 9.3% | 11.9% | 12.0% | 16.6% | 14.9% | 11.1% | 12.4% | 13.6% | 12.9% |
| Dividends per share | $0.50 | $0.57 | $0.66 | $0.71 | $0.77 | $0.86 | $1.00 | $1.10 | $1.19 | $1.29 |
Questions
What was Service Corporation International's revenue in 2025?
$4.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Service Corporation International generate?
$554M in fiscal 2025 (operating cash flow minus capital spending).
From Service Corporation International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.