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Carvana CVNA Net margin

Net margin at other companies

Copart logo
CopartCPRT
33.5%+1.3pp
Rivian Automotive, Inc. logo
Rivian Automotive, Inc.RIVN
-63.6%-9.3pp
Ford Motor Company logo
Ford Motor CompanyF
-3.2%-5.9pp
Casey's General Stores logo
Casey's General StoresCASY
3.8%+0.4pp
S&P Global logo
S&P GlobalSPGI
30.4%+3.1pp
Caterpillar logo
CaterpillarCAT
13.3%-2.4pp

Other financials

Income statement

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Revenue$6.4B+52.0%
Gross profit$1.3B+36.8%
Operating income$581.0M+47.5%
Net income$250.0M+15.7%

Balance sheet

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Cash & equivalents$2.5B+31.9%
Total debt$5.7B-8.4%
Total equity$3.7B+147%
Total assets$13.8B+55.1%

Cash flow

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Operating cash flow$107.0M-53.9%
CapEx$51.0M+88.9%
Free cash flow$56.0M-72.7%

Valuation

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Market cap$47.68B+60.0%
Enterprise value$50.85B+48.6%
P/E33.1×-41.8×
P/S2.1×+0.1×

Profitability

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Gross margin20.1%-1.5pp
Operating margin9.2%+0.8pp

Returns & leverage

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Return on equity55.2%+10.8pp
Debt / equity1.5×-2.6×
Current ratio4.1×+0.3×

Where this comes from

Calculated from Carvana’s reported figures.

Based on trailing twelve months.

The official record: Carvana’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carvana's net margin?
Carvana (CVNA) reported net margin of 6.4% in Q1 2026.
How has Carvana's net margin changed year-over-year?
Carvana's net margin increased by 138.6% year-over-year, from 2.7% to 6.4%.
What is the long-term trend for Carvana's net margin?
Over 2 years (2021 to 2025), Carvana's net margin has grown at a 78.4% compound annual growth rate (CAGR), from -5.2% to 16.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.