TacticScaleWhat Service Corporation International Does & How It Makes Money (SCI)
Updated October 2026 · reflects Service Corporation International's latest reported financials
North America's largest funeral home and cemetery operator. It earns fees for funeral and cremation services such as arranging, embalming and memorials, and it sells funeral and cemetery merchandise.
How Service Corporation International makes money
It earns fees for funeral and cremation services such as arranging, embalming and memorials, and it sells funeral and cemetery merchandise. It also sells cemetery property rights such as burial lots, mausoleum spaces and cremation niches, and it offers pre-arranged funeral planning through Dignity Planning.
What Service Corporation International does
Service Corporation International (SCI), founded in 1962 and based in Houston, is a deathcare company that operates funeral homes, cemeteries, combined funeral-cemetery sites and crematoria in the United States and Canada. It provides the full range of end-of-life services, including removal, embalming, cremation, arranging and directing services, memorialization, catering and travel protection. Besides services, SCI sells funeral merchandise such as caskets, urns, flowers and online tributes. It also sells cemetery property, from lawn crypts and mausoleum spaces to private family estates, along with markers and installation work. It operates under several brands, including Dignity Memorial, Dignity Planning, National Cremation Society, Advantage Funeral and Cremation Services, Funeraria del Angel, Neptune Society and Trident Society, so it can serve both traditional burial and cremation customers.
Products & services
- Dignity Memorial funeral and cemetery network
- Neptune Society and Trident Society cremation services
- National Cremation Society
- Cemetery interment rights (lots, mausoleums, cremation niches)
- Caskets, urns and memorial markers
- Dignity Planning pre-arranged funeral plans
What is Service Corporation International worth?
On an owner-earnings DCF, Service Corporation International's most-likely value is about $59 versus a recent price near $77 (23% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$36) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 8.0× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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