Service Corporation International (SCI) reported its financial results for the third quarter and nine months ended September 30, 2025, revealing a total revenue of $1.058 billion for the quarter, a 4.4% increase from $1.014 billion in the same period last year. For the nine-month period, revenue rose to $3.198 billion, up from $3.093 billion in 2024. The company’s net income attributable to common stockholders was $117.5 million, or $0.83 per diluted share, compared to $117.8 million, or $0.81 per diluted share, in the prior year quarter. For the nine months, net income increased to $383.2 million, or $2.68 per diluted share, from $367.3 million, or $2.50 per diluted share, in 2024.
The company experienced notable changes in its operational metrics, with funeral revenue reaching $574.1 million, a slight increase from $566.0 million in the previous year. However, comparable funeral revenue decreased by 0.3% to $558.5 million, primarily due to a decline in non-funeral home preneed sales revenue. In contrast, cemetery revenue increased by 8.0% to $484.0 million, driven by higher recognized preneed revenue. The gross profit from funeral operations decreased to $99.6 million, while cemetery gross profit rose to $165.9 million, reflecting a strong performance in the cemetery segment.
Strategically, SCI has continued to expand its footprint through acquisitions, spending $65.3 million on business acquisitions and $6.6 million on real estate acquisitions during the nine months ended September 30, 2025. The company operates 1,487 funeral service locations and 499 cemeteries across the U.S. and Canada, with a significant backlog of $16.8 billion in future revenue from preneed sales. This backlog is expected to enhance the company's long-term stability and revenue predictability.
In terms of financial health, SCI reported total assets of $18.36 billion as of September 30, 2025, up from $17.38 billion at the end of 2024. The company’s cash and cash equivalents increased to $241.3 million, and it maintained a favorable debt profile with total long-term debt of $4.96 billion. The company’s leverage ratio stood at 3.61, well within its target range of 3.5x to 4.0x. Looking ahead, SCI remains focused on strategic acquisitions, enhancing its service offerings, and returning capital to shareholders through dividends and share repurchases, with a remaining authorization of $414.4 million for share buybacks.
About SERVICE CORP INTERNATIONAL
Service Corporation International is North America's largest provider of deathcare services, including funeral homes, cemeteries, and crematoria. Operating under the Dignity Memorial brand, it offers at-need and preneed funeral, cemetery, and cremation products and services across North America and Canada. The company leverages scale, technology, and a broad geographic network to deliver personalized, high-quality end-of-life solutions.
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