Carvana CVNA Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 20.6%-0.4pp | 21%+5.0pp | 16%+6.8pp | 9.2%-5.9pp | |
| Operating margin | 9.3%+2.0pp | 7.2%+8.0pp | -0.7%+16.5pp | -17.3%— | |
| Net margin | 6.9%+5.4pp | 1.5%— | —— | -11.7%-10.6pp | |
| Returns | |||||
| Return on equity | 59.9%+31.9pp | 27.9%— | —— | —— | |
| Return on invested capital | 30.3%+14.2pp | 16.1%+17.2pp | -1.1%+33.4pp | -34.5%— | |
| Efficiency | |||||
| Asset turnover | 1.9×+0.1× | 1.8×+0.4× | 1.4×-0.4× | 1.7×-0.8× | |
| Liquidity | |||||
| Current ratio | 4.3×+0.7× | 3.6×+1.5× | 2.2×+0.4× | 1.8×+0.1× | |
| Leverage | |||||
| Debt-to-equity | 1.7×-3.3× | 4.9×-23.7× | 28.6×— | —— | |
| Per Share | |||||
| Book value per share | $15.34+61.0% | $9.53+687% | $1.21+124% | -$5.14-239% | |
| Valuation | |||||
| Market capitalization | $59.68B+128% | $26.13B+333% | $6.04B+1,102% | $502.19M-97.5% | |
| Price / earnings | 42.4×-82.0× | 124.4×— | —— | —— | |
| Price / sales | 2.9×+1.0× | 1.9×+1.4× | 0.6×+0.5× | 0×-1.5× | |
| Price / book | 17.3×-3.4× | 20.7×-4.1× | 24.8×— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Carvana's profit margins?
- Carvana (CVNA) runs a 20.1% gross margin and a 9.2% operating margin, with a 6.4% net margin.
- Where do Carvana's ratios come from?
- Every ratio is computed from Carvana's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
