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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Market cap: $66.7B
P/E: 26.5×
Fwd P/E: 42.4×
Dividend yield: —
F-score: 6/9
Altman Z: 6.34
Beneish M: −0.99
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1.55

Total sells 263.80

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	1	—	—	—	—	—	1	—	—	—
Sell	10	14	4	5	5	4	4	6	3	5	4	3

Insider Ownership 6.29%

Capital & Financial Ratios $m

Market Cap 66,710.00

Revenue 25,058.00

Net Income 2,132.00

Free Cash Flow 932.00

Net Debt 2,493.00

Current Ratio 3.93

Debt/Equity 1.02

P/E ratio 26.54

Fwd P/E 42.40

P/S ratio 1.68

P/B ratio 8.18

Past 5Y EPS Growth —

This Y EPS Growth (4.10%)

Next Y EPS Growth 36.04%

Next Y revenue growth 42.76%

Next 5Y EPS Growth 17.40%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 62.96%

10-year low 10-year high

P/B against its own 10 years 30.62%

10-year low 10-year high

EV/Sales against its own 10 years 60.18%

10-year low 10-year high

EV/FCF against its own 10 years 46.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	594	1,760	2,429	2,743
Receivables	1,073	915	1,058	1,298
Inventory	1,150	1,608	2,408	3,263
Other	504	586	654	702
	3,321	4,869	6,549	8,006

	2023	2024	2025	Q'26
Payables	596	856	1,100	1,461
ST’ Debt	857	376	285	382
Other	83	106	134	196
	1,536	1,338	1,519	2,039

Compound Annual Growth %

	10y	5y	3y
Sales	65.68%	29.47%	14.31%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	39.28%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,432	7,376	—	—	—
’25	4,232	4,840	5,647	5,603	20,322
’24	3,061	3,410	3,655	3,547	13,673
’23	2,606	2,968	2,773	2,424	10,771
’22	3,497	3,884	3,386	2,837	13,604
’21	2,245	3,336	3,480	3,753	12,814
’20	1,098	1,118	1,544	1,827	5,587

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	107	238	—	—	—
’25	232	29	345	430	1,036
’24	101	354	403	60	918
’23	(66)	509	599	(239)	803
’22	(593)	106	(98)	(739)	(1,324)
’21	(532)	(607)	(283)	(1,172)	(2,594)
’20	(168)	(7)	(272)	(161)	(608)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	56	189	—	—	—
’25	206	(2)	308	379	891
’24	88	335	377	38	838
’23	(86)	512	605	(243)	788
’22	(813)	(35)	(188)	(756)	(1,792)
’21	(614)	(719)	(479)	(1,339)	(3,151)
’20	(258)	(88)	(371)	(251)	(968)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.34	0.42	—	—	—
’25	0.30	0.26	0.21	0.84	1.69
’24	0.05	0.03	0.13	0.11	0.32
’23	(0.30)	(0.11)	0.72	(0.20)	0.15
’22	(0.58)	(0.47)	(0.53)	(1.52)	(3.15)
’21	(0.09)	0.05	(0.08)	(0.20)	(0.33)
’20	(0.24)	(0.12)	(0.02)	(0.17)	(0.53)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	1.63	3.20	5.75	4.43	38.94	0.71	0.85	8.04	29.65	Analyst estimates 2026–2028 Powerpack
	High	—	4.98	14.52	19.84	58.55	75.37	48.12	12.52	53.67	97.07
People
People	Employees	1,067	1,864	3,879	7,324	10,400	21,000	16,600	13,700	17,400	23,100
	Revenue/emp, $m	0.34	0.46	0.50	0.54	0.54	0.61	0.82	0.79	0.79	0.88
Income, $m
Income, $m	Revenue	365	859	1,955	3,940	5,587	12,814	13,604	10,771	13,673	20,322
	Gross margin, %	5.26	7.93	10.06	12.87	14.21	15.05	9.16	16.01	21.03	20.63
	EBT	(93)	(164)	(255)	(365)	(462)	(286)	(2,893)	175	400	(890)
	EBT margin, %	(25.50)	(19.13)	(13.03)	(9.26)	(8.27)	(2.23)	(21.27)	1.62	2.93	(4.38)
	Net income	(93)	(164)	(255)	(365)	(462)	(287)	(2,894)	150	404	1,895
	Depreciation	5	13	26	47	82	116	1,135	376	320	285
Per share, $
Per share, $	Revenue	4.87	11.27	13.02	16.82	17.20	30.95	26.98	19.70	22.35	29.53
	Earnings	(1.24)	(0.24)	(0.45)	(0.49)	(0.53)	(0.33)	(3.15)	0.82	0.34	2.04
	Cash flow	(3.20)	(2.62)	(2.76)	(3.23)	(1.87)	(6.27)	(2.63)	1.47	1.50	1.51
	Capex	(0.53)	(1.03)	(0.96)	(0.99)	(1.11)	(1.35)	(0.93)	(0.03)	(0.13)	(0.21)
	Free cash flow	(3.73)	(3.65)	(3.71)	(4.22)	(2.98)	(7.61)	(3.55)	1.44	1.37	1.29
	Book value	(1.55)	3.67	1.51	0.82	2.47	1.27	(2.09)	(0.70)	2.25	6.11
	Shares, m	75	76	150	234	325	414	504	547	612	688
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.24	120.33	41.82
	P/S	0.37	0.32	0.50	1.09	2.79	1.50	0.03	0.50	1.82	2.86
	P/B	0.00	1.53	4.32	22.47	19.41	36.56	0.00	0.00	18.09	13.82
	EV/Sales	0.81	0.46	0.78	1.45	3.04	1.87	0.60	1.02	2.10	2.99
	EV/FCF	(1.27)	(1.42)	(2.74)	(5.76)	(17.52)	(7.61)	(4.55)	13.98	34.31	68.20
Cash, $m
Cash, $m	Operating cash flow	(240)	(200)	(414)	(757)	(608)	(2,594)	(1,324)	803	918	1,036
	Capex	(40)	(78)	(144)	(231)	(360)	(557)	(468)	(15)	(80)	(145)
	Free cash flow	(280)	(278)	(558)	(988)	(968)	(3,151)	(1,792)	788	838	891
Balance, $m
Balance, $m	Working capital	79	184	333	495	1,456	2,002	2,002	1,785	3,531	5,030
	Total debt	171	302	633	1,501	1,722	5,413	8,309	6,273	5,632	5,115
	Net debt	121	115	545	1,382	1,393	4,777	7,681	5,679	3,872	2,686
	Shareholders’ equity	(116)	280	227	192	802	525	(1,053)	(384)	1,375	4,203
Returns, %
Returns, %	ROA	(39.47)	(13.20)	(7.48)	(7.54)	(6.72)	(2.69)	(20.20)	5.71	2.70	12.98
	ROIC	(1,042.78)	(24.59)	(18.50)	(11.12)	(9.45)	(1.23)	(22.17)	(0.94)	11.79	17.07
	ROE	156.78	(194.09)	(29.80)	(54.84)	(34.41)	(20.35)	601.14	(62.63)	42.38	50.45

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CVNA Carvana Co.	$66.7B	26.5×	42.4×	+52.40% (above 0%: growing)	+59.26% (above 0%: growing)	+9,550.00% (above 0%: growing)	18.76%	9.22%
PAG Penske Automotive Group, Inc.	$13.9B	15.6×	12.7×	+5.98% (above 0%: growing)	+4.76% (above 0%: growing)	−11.32% (below 0%: shrinking)	15.94%	3.97%	Compare
KMX CarMax, Inc.	$7.5B	26.0×	20.1×	+19.46% (above 0%: growing)	+81.97% (above 0%: growing)	+23.18% (above 0%: growing)	10.15%	3.00%	Compare
LAD Lithia Motors, Inc.	$6.5B	9.8×	8.8×	+2.17% (above 0%: growing)	+16.92% (above 0%: growing)	−108.58% (below 0%: shrinking)	15.29%	4.58%	Compare
RUSHA Rush Enterprises, Inc.	$5.6B	20.0×	18.1×	−1.61% (below 0%: shrinking)	0.00%	−56.15% (below 0%: shrinking)	19.04%	5.12%	Compare
AN AutoNation, Inc.	$5.3B	7.5×	8.7×	−0.64% (below 0%: shrinking)	+138.50% (above 0%: growing)	+45.21% (above 0%: growing)	17.77%	4.60%	Compare
OPLN OPENLANE, Inc.	$4.5B	— (loss-making)	29.2×	+15.13% (above 0%: growing)	+106.25% (above 0%: growing)	−60.76% (below 0%: shrinking)	44.75%	16.80%	Compare
VVV Valvoline	$4.0B	39.3×	33.8×	+24.05% (above 0%: growing)	+15.91% (above 0%: growing)	+110.31% (above 0%: growing)	39.46%	20.60%	Compare
RUSHB Rush Enterprises, Inc.	$3.9B	25.3×	18.1×	−1.61% (below 0%: shrinking)	0.00%	−56.15% (below 0%: shrinking)	19.04%	5.12%	Compare
Median of peers	$5.4B	20.0×	18.1×	+4.08%	+16.42%	−33.73%	18.41%	4.86%

All 26 Auto & Truck Dealerships stocks →

Carvana Co. (CVNA) key facts

Strength: Carvana Co.’s revenue for fiscal 2025 (year ended December 2025) was $20.3 billion, up 48.6% from fiscal 2024.
Carvana Co. (CVNA) is an Auto & Truck Dealerships company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, CVNA traded at $58.55, a market capitalization of $66.7 billion.
Return on equity was 50.5% and debt-to-equity 1.02.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.34 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.