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Service Corporation International (SCI) investor relations material
Service Corporation International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Adjusted EPS for Q3 2025 was $0.87, up over 10% year-over-year, with GAAP EPS at $0.83, driven by strong cemetery performance and lower G&A expenses, partially offset by lower funeral revenues and a higher tax rate.
Net income for Q3 2025 was $117.5 million, nearly flat year-over-year, as higher cemetery gross profit offset lower funeral gross profit and a higher tax rate.
Revenue for Q3 2025 was $1.06 billion, up 4.4% year-over-year, with gross profit rising 5% to $265.5 million.
Share repurchases and lower share count had a positive EPS impact, but this was offset by a higher tax rate and increased net interest expense.
Adjusted results exclude special items such as divestitures, legal settlements, restructuring charges, and non-recurring tax items.
Financial highlights
Comparable funeral revenue declined by less than 1% year-over-year, with a 3.5% decrease in services performed, offset by a 3% increase in average revenue per service.
Cemetery segment Q3 revenue was $484 million, up 8% year-over-year, with gross profit up 14.6% and margin rising to 34%.
Adjusted operating cash flow for Q3 2025 was $268 million, up $10 million year-over-year; year-to-date net cash from operating activities increased 7.2% to $729.9 million.
Free cash flow for Q3 2025 was $181.9 million, slightly down year-over-year; nine-month free cash flow was $530 million, up from $472.5 million.
Trust fund returns for the quarter were 4.7% and 12.7% for the nine months ended September 30, 2025.
Outlook and guidance
2025 adjusted EPS guidance midpoint confirmed and narrowed to $3.80–$3.90; Q4 normalized EPS expected at $1.09–$1.19.
Adjusted operating cash flow guidance for 2025 raised to $910–$950 million, with a midpoint of $930 million.
Free cash flow expected to reach $615 million for 2025, or about $4.4 per share.
Maintenance capital expenditures for 2025 projected at $315 million.
Long-term EPS growth target of 8%–12% reaffirmed, with confidence in achieving this range in 2026.
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