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Carvana CVNA Debt-to-equity

Debt-to-equity at other companies

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0.9×+0.1×
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1.3×+0.2×

Other financials

Income statement

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Revenue$7.4B+52.4%
Gross profit$1.4B+30.1%
Operating income$680.0M+33.1%
Net income$310.0M+69.4%
EPS (diluted)$0.42+61.5%

Balance sheet

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Cash & equivalents$2.7B+42.1%
Total debt$5.8B-8.2%
Total equity$4.0B+133%
Total assets$14.6B+55.4%

Cash flow

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Operating cash flow$238.0M+721%
CapEx$51.0M+64.5%
Free cash flow$187.0M

Valuation

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Market cap$76.39B+55.9%
Enterprise value$79.4B+48.9%
P/E48.7×-38.3×
P/S3.1×0.0×

Profitability

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Gross margin19.4%-2.5pp
Operating margin8.9%-0.3pp
Net margin6.3%+2.8pp
FCF margin3.7%-0.1pp

Returns & leverage

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Return on equity54.5%+4.6pp
Current ratio3.9×-0.1×

Where this comes from

Calculated from Carvana’s reported figures.

Based on the most recent quarter.

The source filing: Carvana’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001690820-26-000055

FAQ

What is Carvana's debt-to-equity?
Carvana (CVNA) reported debt-to-equity of 1.4× in Q2 2026.
How has Carvana's debt-to-equity changed year-over-year?
Carvana's debt-to-equity decreased by 60.6% year-over-year, from 3.6× to 1.4×.
What is the long-term trend for Carvana's debt-to-equity?
Over 4 years (2020 to 2025), Carvana's debt-to-equity has grown at a -24.5% compound annual growth rate (CAGR), from 5.1× to 1.7×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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