Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,512 | $4,143 | $4,109 | $4,100 | $4,186 |
| Gross Profit | $977 | $1,304 | $1,155 | $1,092 | $1,091 |
| Operating Income | $843 | $1,191 | $927 | $944 | $928 |
| Net Income | $516 | $803 | $565 | $537 | $519 |
Over the five-year period analyzed, SERVICE CORPORATION INTERNATIONAL exhibited notable fluctuations in its financial performance. In 2020, revenue stood at US$3.51 billion, which surged nearly 18% to US$4.14 billion in 2021. This revenue expansion corresponded with a significant jump in gross profit (from US$976.8 million in 2020 to US$1.303 billion in 2021) and operating income (from US$842.8 million to US$1.191 billion), underscoring strong operational momentum. However, following 2021, the firm experienced a reversal in these gains. Revenues modestly declined in 2022 and 2023, before a slight rebound in 2024 to US$4.186 billion, suggesting market stabilization. Gross profit and operating income, after peaking in 2021, declined by over 10% to 2022 and then maintained a relatively stable level in the subsequent years. The net income trend echoes this pattern, with a peak of US$802.9 million in 2021, followed by a notable decline of nearly 30% in 2022 and continued lower levels thereafter. These trends may reflect industry-specific challenges common to the funeral services sector, where pricing pressure and cost variations can affect margins after periods of expansion. The pronounced swings between 2020 and 2021 versus the subsequent years indicate that while the company was able to achieve rapid growth—potentially benefiting from favorable market conditions and operational improvements—the subsequent contraction might be attributed to increased costs or a post-pandemic normalization in demand. Overall, SERVICE CORPORATION INTERNATIONAL appears financially sustainable with stable revenues in recent years, but careful attention to profitability margins will be crucial to maintain long-term financial health in a competitive and sensitive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.