CarMax

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

                    Revenue
                    FY2026
                
$25.9B
                    3y CAGR -4.5%
                    
                    P8
                    
                    -1.8%
                    
                    Net income
                    FY2026
                
$247.3M
                    Net margin +1.0%
                    
                    P8
                    
                    -50.6%
                    
                    Total assets
                    FY2026
                
$26.4B
                    ROA +0.9%
                    
                    P8
                    
                    -3.8%
                    
                    Operating cash flow
                    FY2026
                
$1.8B
                    FCF margin +4.8%
                    
                    P25
                    
                    +185.7%

18 yrs · FY2009–FY2026 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $26.4B

Total liabilities $20.5B

Shareholders equity $5.9B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	+2.4%	+7.4%	+28.9%	+20.7%	—
Accounts Receivable	-22.3%	-30.4%	-37.2%	-46.7%	—
Inventory	-5.2%	-8.4%	-15.3%	-27.3%	—
Other Current Assets	+4.5%	-11.4%	+7.6%	+8.4%	—
Total Current Assets	-5.1%	-8.1%	-10.7%	-23.0%	—
Property,Plant and Equipment	+6.1%	+6.2%	+6.9%	+6.9%	—
Operating Lease Assets	-3.8%	-2.8%	-1.6%	+1.5%	—
Goodwill	—	+0.0%	+0.0%	+0.0%	—
Deferred Tax Assets	-10.2%	+5.1%	-9.6%	-33.2%	—
Other Noncurrent Assets	+1.0%	+3.9%	+5.4%	+7.4%	—
Total Assets	+0.0%	+1.3%	+1.6%	-0.6%	—
Liabilities
Accounts Payable	+4.5%	+1.4%	-0.2%	-11.9%	—
Accrued Liabilities	-2.7%	+5.0%	-0.9%	-10.2%	—
Current Portion of Long Term Debt	+9.4%	+0.7%	+22.4%	+8.9%	—
Operating Lease Liabilities	+6.7%	+10.3%	+13.7%	+20.6%	—
Total Current Liabilities	+4.2%	+2.4%	+6.3%	-5.3%	—
Long Term Debt	-1.3%	-0.1%	-0.6%	-2.2%	—
Operating Lease Liabilities Noncurrent	-2.9%	-2.7%	-2.6%	+0.1%	—
Other Noncurrent Liabilities	-1.3%	-1.2%	-0.3%	-6.9%	—
Total Liabilities	-0.7%	+0.1%	+0.0%	-2.5%	—
Equity
Common Stock	-3.1%	-1.6%	-1.1%	-1.8%	—
Additional Paid In Capital	+1.9%	+4.1%	+3.8%	+2.1%	—
Retained Earnings	+3.5%	+6.6%	+8.2%	+5.6%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+3.0%	+6.0%	+7.7%	+7.2%	—
Total Liabilitiesand Equity	+0.0%	+1.3%	+1.6%	-0.6%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $25.9B

Operating income Not reported

Net income $247.3M

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	-5.1%	-6.2%	-8.8%	-6.9%	—
Expenses Cost of Revenue	-5.2%	-6.4%	-8.8%	-6.0%	—
Other Income Expense Gross Profit	-3.9%	-4.1%	-9.2%	-14.8%	—
Expenses Selling,General and Administrative	+1.4%	+1.6%	-0.8%	+7.0%	—
Expenses Depreciation and Amortization	+6.6%	+6.4%	+6.2%	+7.8%	—
Other Income Expense Interest Expense	+4.1%	+4.7%	+15.1%	+28.0%	—
Other Income Expense Other Income/expense	-13.5%	-8.2%	-14.7%	-14.7%	—
Other Income Expense Income Before Tax	-28.8%	-23.5%	-34.4%	-57.3%	—
Income Tax Income Tax Expense	-20.5%	-20.9%	-31.0%	-55.4%	—
net Income net Income	-31.9%	-24.2%	-35.5%	-57.9%	—
net Income Comprehensive Income	-35.6%	-28.7%	-40.0%	-48.6%	—
Earnings Per Share Basic Eps	-30.2%	-23.1%	-34.6%	-57.0%	—
Earnings Per Share Diluted Eps	-29.9%	-22.8%	-34.2%	-56.5%	—
Earnings Per Share Weighted Average Shares Basic	-2.4%	-1.5%	-1.3%	-2.2%	—
Earnings Per Share Weighted Average Shares Diluted	-2.8%	-1.9%	-2.0%	-3.3%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $1.8B

Investing cash flow $-540.0M

Financing cash flow $-1.3B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	-31.9%	-24.2%	-35.5%	-57.9%	—
Operating Activities Depreciation and Amortization	+6.1%	+2.6%	-2.4%	-2.9%	—
Operating Activities Stock Based Compensation	-2.4%	+7.2%	+4.7%	-21.6%	—
Operating Activities Deferred Income Taxes	+48.9%	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	+59.2%	+24.0%	+29.8%	+76.8%	—
Operating Activities net Cash From Operating Activities	—	—	—	—	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	-47.2%	-23.3%	-71.4%	-88.9%	—
Investing Activities Other Investing Activities	-10.8%	-70.2%	-67.2%	-58.7%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	-9.8%	-15.1%	-24.6%	-21.2%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-43.1%	-2.6%	-25.1%	-78.6%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	-68.5%	—	—
Cash Reconciliation net Change In Cash	—	—	+207.5%	+365.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+10.8%	+11.0%	+10.2%	+9.4%	+10.3%
Operating margin	—	—	—	—	—
Net margin	+1.0%	+1.9%	+1.8%	+1.6%	+3.6%
FCF margin	+4.8%	+0.6%	-0.0%	+2.9%	-9.0%
Growth
Revenue CAGR (3y)	-4.5%	-6.2%	+11.9%	+13.5%	+20.6%
Returns
ROE	+4.2%	+8.0%	+7.9%	+8.6%	+22.0%
ROA	+0.9%	+1.8%	+1.8%	+1.9%	+4.4%
ROIC	—	—	—	—	—
Liquidity
Current ratio	2.20x	2.31x	2.26x	2.60x	3.20x
Quick ratio	0.38x	0.45x	0.56x	0.56x	0.59x
Leverage
D/E	3.48x	3.39x	3.48x	3.66x	4.03x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.98x	0.96x	0.98x	1.13x	1.21x
Cash conversion cycle	+51d	+49d	+45d	+43d	+60d

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CarMax

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