CarMax

Consumer Discretionary Automotive Retail Richmond, Virginia Last filing Apr 15, 2026 · FY2026

                    Revenue
                    FY2026
                
$25.9B
                    
                    -1.8%
                    
                    Net income
                    FY2026
                
$247.3M
                    Net margin +1.0%
                    
                    P9
                    
                    -50.6%
                    
                    Total assets
                    FY2026
                
$26.4B
                    ROA +0.9%
                    
                    P11
                    
                    -3.8%
                    
                    Operating cash flow
                    FY2026
                
$1.8B
                    FCF margin +4.8%
                    
                    P18
                    
                    +185.7%

19 yrs · FY2008–FY2026 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 3 years

Total assets $26.4B

Total liabilities $20.5B

Shareholders equity $5.9B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	3.3%	3.5%	4.6%
Accounts Receivable	0.8%	0.7%	0.8%
Inventory	15.7%	14.4%	13.5%
Prepaid Expenses	0.6%	0.5%	0.9%
Other Current Assets	0.6%	0.5%	0.9%
Total Current Assets	20.1%	18.5%	19.2%
Property,Plant and Equipment	15.4%	14.0%	13.5%
Operating Lease Assets	1.7%	1.8%	1.9%
Intangible Assets	0.0%	0.6%	0.6%
Deferred Tax Assets	0.3%	0.5%	0.4%
Other Noncurrent Assets	1.9%	1.7%	2.0%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	4.2%	3.6%	3.4%
Accrued Liabilities	1.8%	1.9%	1.9%
Current Portion of Long Term Debt	0.8%	0.1%	1.2%
Operating Lease Liabilities	0.2%	0.2%	0.2%
Other Current Liabilities	1.3%	1.3%	1.3%
Total Current Liabilities	9.2%	8.0%	8.5%
Long Term Debt	65.5%	66.2%	66.0%
Operating Lease Liabilities Noncurrent	1.8%	1.8%	1.8%
Deferred Tax Liabilities	0.0%	1.0%	1.2%
Other Noncurrent Liabilities	1.3%	1.3%	1.3%
Total Liabilities	77.7%	77.2%	77.7%
Equity
Common Stock	0.3%	0.3%	0.3%
Additional Paid In Capital	6.9%	6.9%	6.7%
Retained Earnings	15.3%	15.6%	15.2%
Accumulated Other Comprehensive Income	-0.1%	0.0%	0.2%
Total Stockholders Equity	22.3%	22.8%	22.3%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $25.9B

Operating income Not reported

Net income $247.3M

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	98.2%	96.2%	97.6%
Expenses Cost of Revenue	87.5%	85.6%	87.6%
Expenses Selling,General and Administrative	9.3%	8.9%	8.4%
Expenses Depreciation and Amortization	1.3%	1.1%	1.0%
Expenses Share Based Compensation	0.4%	0.5%	0.4%
Other Income Expense Gross Profit	10.6%	10.6%	10.0%
Other Income Expense Interest Expense	0.4%	0.4%	0.5%
Other Income Expense Income Before Tax	1.5%	2.4%	2.4%
Income Tax Income Tax Expense	0.5%	0.6%	0.6%
net Income net Income	0.9%	1.8%	1.8%
net Income Comprehensive Income	0.8%	1.6%	1.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.6%	0.6%	0.6%
Earnings Per Share Weighted Average Shares Diluted	0.6%	0.6%	0.6%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 3 years

Operating cash flow $1.8B

Investing cash flow $-540.0M

Financing cash flow $-1.3B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	0.9%	1.8%	1.8%
Operating Activities Depreciation and Amortization	1.3%	1.1%	1.0%
Operating Activities Stock Based Compensation	0.4%	0.5%	0.4%
Operating Activities Deferred Income Taxes	0.3%	-0.1%	-0.0%
Operating Activities Changes In Operating Assets and Liabilities	0.8%	0.8%	-0.5%
Operating Activities Other Non Cash Items	-0.3%	-0.4%	-0.3%
Operating Activities net Cash From Operating Activities	6.8%	2.3%	1.7%
Investing Activities Capital Expenditures	2.1%	1.7%	1.7%
Investing Activities Purchases of Investments	0.0%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-2.0%	-1.7%	-1.7%
Financing Activities Repayment of Debt	0.1%	0.1%	0.1%
Financing Activities Repurchase of Common Stock	2.4%	1.6%	0.3%
Financing Activities Other Financing Activities	0.1%	0.1%	0.1%
Financing Activities net Cash From Financing Activities	-5.1%	-1.7%	1.1%
Cash Reconciliation Effect of Exchange Rate On Cash	3.3%	3.5%	4.6%
Cash Reconciliation net Change In Cash	-0.4%	-1.1%	1.1%
Cash Reconciliation Cash At Beginning of Period	3.3%	3.5%	4.6%
Cash Reconciliation Cash At End of Period	3.3%	3.5%	4.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+10.8%	+11.0%	+10.2%
Operating margin	—	—	—
Net margin	+1.0%	+1.9%	+1.8%
FCF margin	+4.8%	+0.6%	-0.0%
Growth
Revenue CAGR (3y)	—	—	—
Returns
ROE	+4.2%	+8.0%	+7.9%
ROA	+0.9%	+1.8%	+1.8%
ROIC	—	—	—
Liquidity
Current ratio	2.20x	2.31x	2.26x
Quick ratio	0.44x	0.52x	0.64x
Leverage
D/E	3.48x	3.39x	3.48x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.98x	0.96x	0.98x
Cash conversion cycle	+51d	+49d	+45d

Valuation

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FY2026 fundamentals · no price

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CarMax

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