Service Corporation International (SCI) is North America's largest deathcare company, operating roughly 1,500 funeral homes and 500 cemeteries across the U.S., Canada, and Puerto Rico. SCI's core business has two segments: funerals (arranging and directing services, cremations, and related merchandise like caskets and urns) and cemeteries (selling interment rights, memorial markers, and graveside services). SCI sells through two channels — atneed (at the time of death) and preneed (pre-planned arrangements sold by a dedicated salesforce of roughly 3,800 counselors). SCI's preneed backlog stood at $17B at year-end 2025, locking in future revenue and market share. SCI's primary consumer brand is Dignity Memorial, though acquired businesses typically retain their local names with a Dignity Memorial co-brand. A notable feature of SCI's model is its 312 "combination locations," where a funeral home is co-located with a cemetery, enabling shared costs and one-stop convenience. Preneed contracts are either trust-funded (where SCI holds customer funds in trust until the contract matures, then recognizes both principal and accumulated trust earnings as revenue) or insurance-funded (where SCI earns an upfront commission from an insurance carrier). SCI's long-term growth targets 8%–12% annual EPS growth, driven by expanding preneed sales, a demographic tailwind as Baby Boomers enter peak mortality age, and capital deployment across acquisitions, new builds, cemetery development, and share buybacks.