Service Corp International
22 named things its latest annual report says its results depend on, each in the company's own words. 8 of them are also named by other companies we've read.
Customers
Baby Boomer generation
earns fromOver the next several years, our industry will be largely shaped by the aging of the Baby Boomer generation in the deathcare space which we are poised to benefit from.Business (Item 1)
Suppliers
Surety companies
depends on · approximately $258.7 millionnamed as a riskIn the event all of the surety companies canceled or did not renew our surety bonds, which generally have twelve-month renewal periods, we would be required to either obtain replacement coverage or fund approximately $258.7 million into state-mandated trust accounts as of December 31, 2025.Risk factors (Item 1A)
Partners and platforms
Third-party preneed insurance companies
depends onnamed as a riskIf the financial condition of the third-party insurance companies were to deteriorate materially because of market conditions, strategic transactions, or otherwise, there could be an adverse effect on our ability to collect all or part of the proceeds of the life insurance policy, if we fulfill the preneed contract at the time of need.Risk factors (Item 1A)
Preferred preneed insurance provider (United States)
depends onIn July 2024, we finalized an agreement to change our preferred preneed insurance provider in the United States, which allows us to further utilize our scale and streamline our processes across our network.Business (Item 1)
Other companies
Cremation trend
64.4% of the comparable servicesnamed as a riskIn our operations during 2025, 64.4% of the comparable services we performed were cremation cases compared to 63.9% and 63.1% performed in 2024 and 2023, respectively.Risk factors (Item 1A)
Bank Credit Facilities
$750.0 million term loan and revolving credit facility providing for borrowings of up to $1.75 billionnamed as a riskOur Bank Credit Facilities require us not to exceed a maximum leverage ratio.Risk factors (Item 1A)
Cemetery segment goodwill
$406.8 millionnamed as a riskOur cemetery segment, which has a goodwill balance of $406.8 million as of December 31, 2025, is more sensitive to market conditions and goodwill impairments because it is more reliant on preneed sales, which are impacted by customer discretionary spending.Risk factors (Item 1A)
Competitors
Independent funeral and cemetery operators
competes with · approximately 18%named as a riskWe have historically experienced price competition from independent funeral service location and cemetery operators, monument dealers, casket retailers, low-cost funeral providers, and other nontraditional providers of merchandise and services.Risk factors (Item 1A)
Places
California
concentrated in · 166 funeral service locations, 43 cemeteriesnamed as a riskThree of our largest states by total revenue are California, Texas, and Florida, areas where natural disasters may be prevalent.Risk factors (Item 1A)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Texas
concentrated in · 164 funeral service locations, 65 cemeteriesnamed as a riskThree of our largest states by total revenue are California, Texas, and Florida, areas where natural disasters may be prevalent.Risk factors (Item 1A)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Hazards
Natural disasters and wildfires
operates innamed as a riskSignificant weather events in these states or other key areas where our operations are concentrated, natural or other disasters, wildfires, and unforeseen public health crises, such as pandemics and epidemics, could disrupt our business through injury or illness to our associates or client families, physical damage, closure or destruction of one or more of our locations, data centers or office facilities, disrupt access to scarce resources such as water supply or disrupt the delivery of goods or services by one or more of our vendors, any or all of which could adversely impact our operations or increase our costs, which would adversely affect our financial results.Risk factors (Item 1A)
Commodities and inputs
Canadian dollar
exposed to its price · approximately 7% of our stockholders’ equity and debt and 6% of our operating incomenamed as a riskAt December 31, 2025, approximately 7% of our stockholders’ equity and debt and 6% of our operating income was denominated in the Canadian dollar.Market risk (Item 7A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
Regulators
Laws and programs
State trust fund replenishment laws
subject to · $0.6 millionnamed as a riskAs of December 31, 2025, we had unrealized losses of $0.6 million in the various trusts within these states, but no such replenishment is currently expected to be required.Risk factors (Item 1A)
Tariffs
exposed to its pricenamed as a riskWe cannot predict how changes to trade policy may affect trade agreements or tariffs, nor can we predict the effects that any such changes would have on our supply chain.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Federal Trade Commission (FTC) Funeral Rule
subject tonamed as a riskOur funeral operations are regulated by the Federal Trade Commission (the “FTC”) under the FTC’s Trade Regulation Rule on Funeral Industry Practices (the “Funeral Rule”), which went into effect in 1984.Business (Item 1)
State unclaimed property laws
subject tonamed as a riskThe application of unclaimed property laws could have a material adverse effect on our liquidity, cash flows, and financial results.Risk factors (Item 1A)
Cremation and embalming environmental regulations
subject tonamed as a riskIn particular, cremation and embalming facilities are subject to stringent health and environmental regulations and there are associated risks of investigations from regulatory authorities or incidental non-compliance with such regulations.Risk factors (Item 1A)
Technology
Dignity Memorial
We have co-branded the majority of our operations under the name Dignity Memorial®.Business (Item 1)