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CVNA · NYSE · United States · Retail-Auto Dealers & Gasoline Stations
In shortCARVANA CO. is profitable, generates cash and carries moderate debt, with revenue growing (+48.6% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.3% | 48/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.9% | 48/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 59.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 17.5% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.31× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.46× | 30/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.44× | 73/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.72× | 21/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.86 | 71/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.4% | 37/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.63× | 41/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 57.1% | 0/100 |
| Operating margin volatility | 12.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.3% | 96/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 12,814 | 13,604 | 10,771 | 13,673 | 20,322 |
| Cost of revenue | 10,885 | 12,358 | 9,047 | 10,797 | 16,130 |
| Gross profit | 1,929 | 1,246 | 1,724 | 2,876 | 4,192 |
| Selling, general & admin | 2,033 | 2,736 | 1,796 | 1,874 | 2,308 |
| Operating income | – | (2,351) | (80) | 990 | 1,881 |
| Interest expense | 176 | 486 | 632 | 651 | 505 |
| Income tax | 1 | 1 | 25 | (4) | (2,785) |
| Net income | (135) | (1,587) | 450 | 210 | 1,407 |
| Diluted EPS | −$1.63 | −$15.74 | $0.75 | $1.59 | $8.45 |
| Diluted shares (millions) | 83 | 101 | 201 | 132 | 224 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.86 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 29, 2026