Edwyn
Over the five-year period, Service Corporation International’s revenue grew significantly from USD 3.51 billion in 2020 to a peak of approximately USD 4.14 billion in 2021, representing roughly an 18% increase. This spike was accompanied by a notable rise in gross profit, operating income, and net income, suggesting that the company was able to effectively scale its operations and manage costs during that period. In particular, net income increased from USD 515.9 million in 2020 to about USD 802.9 million in 2021, a robust growth that highlights improved profitability. The data indicate an overall healthy start to the period, potentially reflecting favorable market conditions and operational improvements in the wake of the 2020 financial environment. However, the performance trajectory shifted after 2021. Revenues experienced a slight decline in 2022 and 2023, reaching USD 4.11 billion and USD 4.10 billion respectively, before a modest recovery to USD 4.19 billion in 2024. More significantly, gross profit, operating income, and net income all experienced marked declines post-2021. Operating income dropped from approximately USD 1.19 billion in 2021 to around USD 927 million by 2024, while net income fell more sharply by nearly 35%. The year-over-year declines in operating and net income—particularly the over 20% reduction from 2021 to 2022—suggest possible pressures such as increased operating costs or competitive challenges inherent within the death care and cemetery services industry. Overall, while the earlier years reflected strong financial health and efficiency, the more recent declines raise questions about sustainability and operational resilience as the company navigates evolving market conditions.
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.