The funeral home industry may not attract as much attention as high-growth tech sectors, but its stability and consistent demand make it an appealing option for long-term investors.

‍

Funeral services are a critical and necessary part of society, and while the industry isn't glamorous, it offers steady revenue streams and long-term growth potential. Here are some of the top funeral home stocks that have been performing well and show promise for continued growth.

‍

1. Service Corporation International (NYSE: SCI)

‍

Service Corporation International is the largest provider of funeral and cemetery services in North America, offering an extensive network of funeral homes and cemeteries. The company has benefited from the consistent demand for its services, as well as its strategic acquisitions and expansion.

‍

• Key Strengths: SCI's strong market position, coupled with steady growth through acquisitions, positions it well for long-term growth. Additionally, the company has maintained robust earnings during the pandemic, as elevated mortality rates increased demand for their services.
• Growth Drivers: SCI continues to focus on expanding its footprint and improving operational efficiencies, which is reflected in its upward revenue and earnings growth trends.

‍

Revenue Growth (TTM): 2.03%

Earnings Growth (TTM): -10.61%

Dividend Yield (TTM): 1.48%

Dividend per Share (FY 2023): 0.92 USD

EBITDA (May 2024): 299.48M USD

Net Profit Margin (May 2024): 11.43%

Current Price: 78.86 USD

‍

2. Carriage Services, Inc. (NYSE: CSV)

‍

Carriage Services is a leading provider of funeral and cemetery services and products in the United States. With a focus on operational excellence and strategic acquisitions, Carriage Services has shown impressive earnings growth over recent years.

‍

• Key Strengths: The company has been focusing on expanding its cemetery portfolio and improving operational efficiencies. Their expense management strategies and strategic acquisitions have bolstered their long-term growth prospects.
• Growth Drivers: The recent acquisition of large funeral and cemetery combination businesses enhances Carriage’s growth potential. CSV has demonstrated the ability to increase revenues while maintaining strong profit margins.

‍

Revenue Growth (TTM): 4.75%

Earnings Growth (TTM): -24.46%

Dividend Yield (TTM): 1.36%

Dividend per Share (FY 2023): 0.45 USD

EBITDA (June 2024): 24.53M USD

Net Profit Margin (June 2024): 6.12%

Current Price: 33.09 USD

‍

3. Matthews International Corporation (NASDAQ: MATW)

‍

Matthews International operates through three segments, with one being Memorialization, which provides caskets, urns, cremation equipment, and other funeral products. While it’s diversified beyond the funeral industry, its Memorialization segment has performed particularly well, driven by strong demand for caskets and cremation products.

‍

• Key Strengths: Matthews has benefited from increased demand for funeral services due to the pandemic, as well as its efforts to enhance its customer experience through innovation and service quality. The Memorialization segment continues to be a reliable revenue generator.
• Growth Drivers: Increased cremation rates and strong sales of cemetery memorial products, such as mausoleums, position Matthews for continued steady growth.

‍

Revenue Growth (TTM): -9.34%

Earnings Growth (TTM): -79.66%

Dividend Yield (TTM): 4.05%

Dividend per Share (FY 2023): 0.92 USD

EBITDA (June 2024): 30.16M USD

Net Profit Margin (June 2024): 0.42%

Current Price: 23.41 USD

‍

MATW is down -18% since its peak in July 2024

‍

4. Hillenbrand, Inc. (NYSE: HI)

‍

Hillenbrand, through its Batesville segment, manufactures caskets, urns, and other memorial products for funeral homes. The company's strong history and consistent performance in the funeral industry make it a solid pick for investors seeking exposure to the deathcare sector.

‍

• Key Strengths: Hillenbrand has a leading position in the casket market and continues to benefit from its operational excellence and strong product offerings.
• Growth Drivers: The company has been focusing on maintaining its leadership in the funeral products space while also diversifying its business, which adds resilience to its growth prospects.

‍

Revenue Growth (TTM): 9.77%

Earnings Growth (TTM): -674.83%

Dividend Yield (TTM): 3.24%

Dividend per Share (FY 2023): 0.88 USD

EBITDA (June 2024): 125.20M USD

Net Profit Margin (June 2024): -31.64%

Current Price: 26.98 USD

‍

HI is also down -45% since its peak May 2024.

‍

Investing in funeral home stocks can provide long-term stability due to the consistent and inevitable demand for deathcare services. Companies like Service Corporation International (SCI), Carriage Services (CSV), Matthews International (MATW), and Hillenbrand (HI) have demonstrated their ability to grow revenue and manage operations efficiently, making them solid choices for investors looking for steady gains in an otherwise stable industry.

‍

These stocks represent an opportunity to capitalize on a growing market driven by demographic shifts, such as an aging population and rising mortality rates. For long-term investors seeking steady returns and stability, the funeral services sector offers a strong investment case.

‍

Other Ways to Profit from Funeral Stocks

‍

Using event-driven trading to find the best entry and exit points provides many benefits long-term stock holding cannot:

‍

• Rapid gains
• Outsized gains
• Access to your capital
• Reduced exposure to macroeconomic events
• Reduced exposure to competition
• A consistent, repeatable strategy

‍

Event-driven trading identifies stocks being catalyzed by events. This enables traders to use AI stock trading to identify stock set to move higher quickly. For most of the year, stocks stay in a trading range. When events happen, share prices can move 20%, 50%, even 100% in just a short time, enabling investors to capitalize on these rapid movements. 

‍

Find the Best Investments 1,800 Times Faster With LevelFields AI

‍

‍

‍

Ready to transform the way you trade? With LevelFields, you gain access to cutting-edge analytics that empower you to find better investments 1,800 times faster.

‍

Our platform analyzes over 1.8 million market events each month, ensuring you act on facts, not opinions. Don’t leave your trading decisions to chance—equip yourself with the tools to make informed, data-driven investments.

‍

Sign up today and start turning market insights into profits.

‍