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.
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Carvana Co. (CVNA) Free cash flow margin
Carvana Co.'s free cash flow margin over the twelve months to 30 June 2026 was 3.72%, down 0.7 percentage points from fiscal 2025 (4.38%). Over the past ten years it has ranged from −76.6% (fiscal 2016) to 7.32% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Auto & Truck Dealerships industry median of 2.34% and above the Consumer Cyclical sector median of 2.70%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 4.38% | (1.75) |
| FY2024 | 6.13% | (1.19) |
| FY2023 | 7.32% | 20.49 |
| FY2022 | −13.2% | 11.42 |
| FY2021 | −24.6% | (7.26) |
| FY2020 | −17.3% | 7.75 |
| FY2019 | −25.1% | 3.46 |
| FY2018 | −28.5% | 3.88 |
| FY2017 | −32.4% | 44.20 |
| FY2016 | −76.6% | (24.89) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| OPLN OPENLANE, Inc. compare | 17.1% |
| VVV Valvoline compare | 6.89% |
| RUSHB Rush Enterprises, Inc. compare | 4.83% |
| RUSHA Rush Enterprises, Inc. compare | 4.83% |
| KMX CarMax, Inc. compare | 4.15% |
| CVNA Carvana Co. | 3.72% |
| PAG Penske Automotive Group, Inc. compare | 1.94% |
| AN AutoNation, Inc. compare | 0.04% |
| LAD Lithia Motors, Inc. compare | −1.26% |
| Auto & Truck Dealerships industry median | 2.34% |
| Consumer Cyclical sector median | 2.70% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on CVNA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement