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KMX · NYSE · United States · Retail-Auto Dealers & Gasoline Stations
In shortCARMAX INC is profitable, generates cash and carries heavy debt, with revenue stable (−1.8% last year).
Financial health
Weak
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. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.0% | 24/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 4.1% | 20/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.20× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 3.06× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.8% | 39/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 5.03× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 4 of 5 | 0/100 |
| Revenue growth volatility | 33.0% | 0/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.5% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -17.8% | 0/100 |
Weight in the score: 10%
Fiscal year 2026 · 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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 31,900 | 29,685 | 26,536 | 26,353 | 25,881 |
| Cost of revenue | 28,613 | 26,885 | 23,823 | 23,456 | 23,075 |
| Gross profit | 3,288 | 2,800 | 2,713 | 2,898 | 2,807 |
| Selling, general & admin | 2,325 | 2,487 | 2,286 | 2,435 | 2,453 |
| Interest expense | 94 | 120 | 125 | 108 | 110 |
| Pre-tax income | 1,492 | 637 | 642 | 669 | 383 |
| Income tax | 341 | 152 | 162 | 169 | 136 |
| Net income | 1,151 | 485 | 479 | 501 | 247 |
| Diluted EPS | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Diluted shares (millions) | 165 | 160 | 159 | 156 | 148 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
6/9
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: Aug 31, 2026 · Data updated Sep 30, 2026