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, SERVICE CORPORATION INTERNATIONAL showed notable fluctuations in its income statement metrics. The company experienced a strong revenue and earnings rebound from 2020 to 2021. Revenue increased from approximately USD 3.51 billion in 2020 to USD 4.14 billion in 2021 – an almost 18% increase – which was accompanied by an even sharper rise in gross profit (nearly 33%) and operating income (around 41%). Net income also surged by over 55% during this period, reaching USD 802.9 million. These robust gains likely reflect operational improvements, market expansion initiatives, or competitive advantages in the specialized services sector. However, following this peak, the numbers registered declines. Between 2021 and 2022, gross profit declined by roughly 11%, while operating income and net income fell by over 22% and nearly 30%, respectively. Revenue and other margins showed only modest recovery or stability through 2023 and 2024, with revenue ending at about USD 4.19 billion in 2024, and net income dipping gradually to USD 518.6 million. This pattern of a significant jump followed by subdued performance suggests that while the company has strong revenue-generating capabilities, it also faces pressures that erode margins post-2021. In the context of the industry—characterized by competitive pricing, regulatory scrutiny, and sensitivity to economic cycles—such swings could be driven by rising input costs, changes in service mix, or operational challenges. Overall, SERVICE CORPORATION INTERNATIONAL remains profitable, yet its narrowing margins and post-peak declines warrant closer monitoring to ensure sustainable long-term financial health.
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.