Service Corp. International (SCI) intrinsic value & 10-year financials

Service Corp. International (SCI) has a Graham intrinsic value of $126.22 per share. At $81.37 on Oct 17, 2026, the stock trades 36% below that value. Over the last 10 fiscal years revenue grew 4.0% a year to $4.3B, with an average return on invested capital of 12.3%.

Graham intrinsic value
$126.22
Share price (Oct 17, 2026)
$81.37
Price vs Graham value
36% below
Market cap
$11.6B
Revenue (FY2025)
$4.3B
Revenue growth (10-yr CAGR)
4.0%
ROIC (10-yr avg)
12.3%
Free cash flow (FY2025)
$554.2M

SCI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.3B $542.6M $3.80 $554.2M 22.7% 11.5%
FY2024 $4.2B $518.6M $3.53 $555.8M 22.2% 11.7%
FY2023 $4.1B $537.3M $3.53 $507.2M 23.0% 12.2%
FY2022 $4.1B $565.3M $3.53 $456.0M 22.6% 12.3%
FY2021 $4.1B $802.9M $4.72 $616.9M 28.7% 17.3%
FY2020 $3.5B $515.9M $2.88 $582.1M 24.0% 12.9%
FY2019 $3.2B $369.6M $1.99 $388.8M 20.6% 10.5%
FY2018 $3.2B $447.2M $2.39 $380.3M 19.8% 13.7%
FY2017 $3.1B $546.7M $2.84 $287.8M 18.4% 13.7%
FY2016 $3.0B $177.0M $0.90 $270.1M 16.9% 6.8%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SERVICE CORP INTERNATIONAL has demonstrated mature, steady growth, with revenue compounding at 4.0% annually over the past decade.

SERVICE CORP INTERNATIONAL returns on capital have been average, hovering around 12.3% ROIC over the decade.

Over the decade, SERVICE CORP INTERNATIONAL shows that management has aggressively returned capital to shareholders by retiring 27.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SERVICE CORP INTERNATIONAL is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $126.22 per share.

SCI stock: frequently asked questions

What is the intrinsic value of Service Corp. International (SCI) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SCI's intrinsic value is about $126.22 per share.

Is SCI stock undervalued?

At $81.37 (close on Oct 17, 2026), SCI trades 36% below its Graham value of $126.22. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Service Corp. International grown?

Revenue went from $3.0B in fiscal 2016 to $4.3B in fiscal 2025, a compound annual growth rate of 4.0%. Net income was $542.6M in fiscal 2025.

Does Service Corp. International generate free cash flow?

Service Corp. International generated $554.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is SCI's return on invested capital?

Average ROIC over the last 10 fiscal years was 12.3%, and average return on equity was 31.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SCI data come from?

From Service Corp. International's annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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