Saturday 17 October 2026
Export CVNA’s income statement to Excel — free account
Carvana Co.
CVNA Consumer Cyclical Auto & Truck Dealerships
Carvana Co.’s revenue for fiscal 2025 (year ended December 2025) was $20.3 billion, up 48.6% from fiscal 2024. In the quarter to June 2026, revenue grew 52.4%, EPS grew 59.3%, free cash flow grew 9,550.0% and total debt fell 8.25%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
58.55
2.07
−3.41%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 7 | 7 | 2 | 3 | 3 | 2 | 4 | 4 | — |
P/E ratio |
41.82 | 120.33 | 12.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
6.34 | 4.36 | 1.93 | 0.64 | 3.80 | 6.07 | 3.02 | 2.29 | 1.34 | — |
P/S ratio |
2.86 | 1.82 | 0.50 | 0.03 | 1.50 | 2.79 | 1.09 | 0.50 | 0.32 | 0.37 |
Altman Z″-Score (non-manufacturers) |
3.95 | 3.17 | 0.78 | (1.20) | 1.63 | 2.41 | 0.48 | 0.74 | 1.00 | (1.65) |
P/FCF ratio |
65.19 | 29.69 | 6.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(0.99) | (2.88) | (3.22) | (1.51) | (0.05) | (2.14) | (0.10) | 1.81 | (1.31) | 2.17 |
P/Operating CF |
135.07 | 414.64 | (22.34) | (0.63) | (16.38) | (96.68) | (13.38) | (6.53) | (3.32) | (3.15) |
P/B ratio |
13.82 | 18.09 | 0.00 | 0.00 | 36.56 | 19.41 | 22.47 | 4.32 | 1.53 | 0.00 |
Price to Tangible BV |
14.01 | 18.55 | 0.00 | 0.00 | 37.49 | 19.78 | 24.59 | 4.70 | 1.53 | 0.00 |
EV/Sales |
2.99 | 2.10 | 1.02 | 0.60 | 1.87 | 3.04 | 1.45 | 0.78 | 0.46 | 0.81 |
EV/EBITDA |
28.06 | 21.95 | 37.23 | 0.00 | 1,997.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
58.66 | 31.32 | 13.72 | (6.16) | (9.24) | (27.89) | (7.52) | (3.69) | (1.97) | (1.55) |
EV/FCF |
68.20 | 34.31 | 13.98 | (4.55) | (7.61) | (17.52) | (5.76) | (2.74) | (1.42) | (1.27) |
Quick Ratio |
2.30 | 2.00 | 1.09 | 0.85 | 0.41 | 1.46 | 0.51 | 0.69 | 0.81 | 0.41 |
Current Ratio |
4.31 | 3.64 | 2.16 | 1.77 | 1.69 | 4.12 | 1.57 | 2.01 | 1.60 | 1.40 |
Net Debt/EBITDA |
1.24 | 2.96 | 19.19 | (6.32) | 398.08 | (5.57) | (5.93) | (2.69) | (0.81) | (1.43) |
Debt/Assets |
38.75% | 66.38% | 88.71% | 95.53% | 77.16% | 56.74% | 72.93% | 63.92% | 47.16% | 50.85% |
Debt/Equity |
1.22 | 4.10 | (16.34) | (7.89) | 10.31 | 2.15 | 7.82 | 2.79 | 1.08 | (1.47) |
Asset Turnover |
1.87 | 1.76 | 1.37 | 1.73 | 2.55 | 2.19 | 2.58 | 2.40 | 1.76 | 1.55 |
Operating CF/Net income |
0.74 | 4.37 | 1.78 | 0.83 | 19.21 | 3.56 | 6.58 | 6.79 | 3.10 | 2.58 |
Capex/Depreciation |
(0.51) | (0.25) | (0.04) | (0.41) | (4.80) | (4.39) | (4.91) | (5.56) | (5.94) | (8.49) |
Interest Coverage |
3.72 | 1.52 | (0.13) | (4.84) | (0.59) | (2.53) | (3.46) | (9.14) | (20.28) | (24.95) |
| 50.45% | 42.38% | (62.63%) | 601.14% | (20.35%) | (34.41%) | (54.84%) | (29.80%) | (194.09%) | 156.78% | |
| 12.98% | 2.70% | 5.71% | (20.20%) | (2.69%) | (6.72%) | (7.54%) | (7.48%) | (13.20%) | (39.47%) | |
ROIC |
17.07% | 11.79% | (0.94%) | (22.17%) | (1.23%) | (9.45%) | (11.12%) | (18.50%) | (24.59%) | (1,042.78%) |
Return on Tangible Assets |
17.94% | 3.33% | 9.44% | (30.25%) | (3.79%) | (7.23%) | (11.08%) | (9.69%) | (19.40%) | (66.79%) |
Average Days of Receivables |
19.00 | 24.43 | 36.36 | 42.58 | 16.01 | 23.13 | 30.28 | 25.82 | 25.36 | 30.45 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
11.36% | 13.71% | 16.67% | 20.11% | 15.87% | 20.15% | 19.97% | 21.75% | 26.01% | 29.76% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.47% | 0.67% | 0.68% | 0.51% | 0.30% | 0.45% | 0.84% | 1.23% | 0.65% | 0.15% |
Graham Net Nets |
(0.04) | (0.09) | (0.77) | (11.00) | (0.08) | (0.02) | (0.12) | (0.10) | 0.46 | (1.47) |
Graham Number |
16.65 | 4.13 | 0.00 | 12.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.57 |
Earnings Yield |
2.39% | 0.83% | 8.17% | (333.76%) | (0.69%) | (1.16%) | (3.12%) | (6.67%) | (19.08%) | (77.50%) |
Free Cash Flow Yield |
1.53% | 3.37% | 14.76% | (382.21%) | (16.42%) | (6.22%) | (22.91%) | (56.80%) | (99.82%) | (171.77%) |
Revenue per Share |
29.53 | 22.35 | 19.70 | 26.98 | 30.95 | 17.20 | 16.82 | 13.02 | 11.27 | 4.87 |
Operating CF per Share |
1.51 | 1.50 | 1.47 | (2.63) | (6.27) | (1.87) | (3.23) | (2.76) | (2.62) | (3.20) |
Capex per Share |
(0.21) | (0.13) | (0.03) | (0.93) | (1.35) | (1.11) | (0.99) | (0.96) | (1.03) | (0.53) |
Free Cash Flow per Share |
1.29 | 1.37 | 1.44 | (3.55) | (7.61) | (2.98) | (4.22) | (3.71) | (3.65) | (3.73) |
Cash per Share |
3.53 | 2.88 | 1.09 | 1.25 | 1.54 | 1.01 | 0.51 | 0.59 | 2.46 | 0.66 |
Shareholders Equity per Share |
6.11 | 2.25 | (0.70) | (2.09) | 1.27 | 2.47 | 0.82 | 1.51 | 3.67 | (1.55) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.11 | 2.25 | (0.70) | (2.09) | 1.27 | 2.47 | 0.82 | 1.51 | 3.67 | (1.55) |
Free Cash Flow |
891.00 | 838.00 | 788.00 | (1,792.00) | (3,151.00) | (968.00) | (988.00) | (558.01) | (278.41) | (279.76) |
Working Capital |
5,030.00 | 3,531.00 | 1,785.00 | 2,002.00 | 2,002.00 | 1,456.00 | 494.55 | 333.34 | 183.69 | 78.82 |
Capital Expenditures |
(145.00) | (80.00) | (15.00) | (468.00) | (557.00) | (360.00) | (231.00) | (143.67) | (78.49) | (39.54) |
Net Current Asset Value |
(2,449.00) | (2,240.00) | (4,134.00) | (5,157.00) | (1,598.00) | (310.00) | (506.39) | (100.73) | 128.13 | (176.55) |
EV/EBIT |
32.31 | 29.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.00 | 0.03 | 0.04 | 0.06 | 0.06 | 0.07 | 0.09 | 0.11 |
Price to Operating Income |
30.88 | 25.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.10 | 0.12 | 0.13 | 0.35 | 0.07 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 |
Cash ROIC |
7.58% | 9.56% | 12.15% | (22.73%) | (47.93%) | (33.93%) | (54.55%) | (58.76%) | (36.20%) | (268.33%) |
Accounts Receivable Turnover |
20.60 | 13.76 | 8.10 | 12.66 | 27.98 | 16.41 | 16.94 | 19.75 | 19.06 | 20.95 |
Accounts Payable Turnover |
16.49 | 14.87 | 13.18 | 17.25 | 21.81 | 16.63 | 19.29 | 20.27 | 19.25 | 11.82 |
Inventory Turnover |
8.03 | 7.83 | 5.98 | 4.92 | 5.20 | 5.33 | 5.84 | 5.50 | 3.83 | 2.73 |
Average Days of Payables |
24.89 | 28.94 | 24.05 | 22.95 | 22.00 | 26.04 | 24.93 | 25.20 | 24.05 | 31.70 |
Days of Inventory on Hand |
54.49 | 54.36 | 46.40 | 55.41 | 105.59 | 78.89 | 81.09 | 85.55 | 104.98 | 195.72 |
Average Receivables |
986.50 | 994.00 | 1,330.00 | 1,074.50 | 458.00 | 340.42 | 232.58 | 98.99 | 45.07 | 17.43 |
Average Payables |
978.00 | 726.00 | 686.50 | 716.50 | 499.00 | 288.22 | 177.93 | 86.76 | 41.08 | 29.28 |
Average Inventory |
2,008.00 | 1,379.00 | 1,513.00 | 2,512.50 | 2,092.50 | 899.35 | 587.47 | 319.84 | 206.48 | 126.77 |
Average Assets |
10,842.50 | 7,777.50 | 7,884.50 | 7,856.50 | 5,025.00 | 2,546.37 | 1,524.38 | 816.08 | 488.49 | 235.92 |
Average Common Equity |
2,789.00 | 495.50 | (718.50) | (264.00) | 663.50 | 496.97 | 209.68 | 204.92 | 33.23 | (59.39) |
Columns are period end dates