SCI · CIK 89089
What Service Corporation International told the SEC could break it.
Service Corporation International's risks are those of a deathcare company managing merchandise costs and regulation. The commodities behind its merchandise — caskets, urns and memorialization products — and its broader supply chain are exposed to inflation, natural disasters and trade-policy or tariff changes whose effects it says it can't predict. Its funeral operations are regulated by the FTC under the Funeral Rule (in effect since 1984), with broader deathcare compliance bearing on results; and its Canadian operations — about 5% of revenue, roughly $214 million in 2025 — add currency and country-specific risk.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Commodity & input dependence
- commodity/merchandise procurement and supply-chain costs (inflation, tariffs/trade policy)medium
Changes in the cost of procuring commodities used in SCI's merchandise (e.g., caskets, urns, memorialization products) or its supply-chain costs — driven by inflation, natural disasters, pandemics or trade-policy/tariff changes — could adversely affect results; SCI cannot predict how trade-policy changes would affect its supply chain.
“Changes in the costs of procuring commodities used in our merchandise or the costs related to our supply chain, due to inflation, natural disasters, pandemics, changes to trade policy or other matters, could adversely affect our results of operations. We 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.”
SEC filing →As of 2026
Regulatory & policy
- FTC Funeral Rule and deathcare regulatory compliancemedium
SCI's funeral operations are regulated by the FTC under the Funeral Rule (in effect since 1984), and broader regulation/compliance across its funeral and cemetery businesses could materially affect financial results.
“Our 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.”
SEC filing →As of 2026
Currency (FX)
- Canadian operations (~5% of revenue) currency/operational risklow
SCI's Canadian operations (~5% of revenue, ~$214M in 2025) expose it to currency, operational and economic risks plus local laws/customs/regulations and political-economic conditions distinct from its US operations.
“Our Canadian business exposes us to operational, economic, and currency risks. Our Canadian operations represent approximately 5% of our revenue.”
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