15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $25.9B | $247M | 10.8% | 0.0% | $1.2B | $18.1B | $123M |
| 2025 | $26.4B | $501M | 11.0% | 0.0% | $157M | $18.7B | $247M |
| 2024 | $26.5B | $479M | 10.2% | 0.0% | -$7M | $18.8B | $574M |
| 2023 | $29.7B | $485M | 9.4% | 0.0% | $861M | $18.4B | $315M |
| 2022 | $31.9B | $1.2B | 10.3% | 0.0% | -$2.9B | $18.7B | $103M |
| 2021 | $19.0B | $747M | 12.6% | 0.0% | $503M | $15.1B | $132M |
| 2020 | $20.3B | $888M | 13.4% | 0.0% | -$569M | $15.4B | $58M |
| 2019 | $18.2B | $842M | 13.6% | 0.0% | -$142M | $14.2B | $47M |
| 2018 | $17.1B | $664M | 13.6% | 0.0% | -$377M | — | $45M |
| 2017 | $15.9B | $627M | 13.8% | 0.0% | — | — | $38M |
| 2016 | — | $623M | — | — | — | — | $37M |
| 2015 | — | $597M | — | — | — | — | $28M |
| 2014 | — | $493M | — | — | — | — | $628M |
| 2013 | — | $434M | — | — | — | — | $449M |
| 2012 | — | $414M | — | — | -$235M | — | $443M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| May '26 | $8.0B | $186M | 10.7% | 0.0% | -$86M | $18.2B | $132M |
| Feb '26 | $5.9B | -$121M | 10.2% | 0.0% | -$687M | $18.1B | $123M |
| Nov '25 | $5.8B | $62M | 10.2% | 0.0% | $1.1B | $17.4B | $205M |
| Aug '25 | $6.6B | $95M | 10.9% | 0.0% | $654M | $18.6B | $540M |
| May '25 | $7.5B | $210M | 11.8% | 0.0% | $163M | $18.8B | $263M |
| Feb '25 | $6.0B | $90M | 11.1% | 0.0% | $19M | $18.7B | $247M |
| Nov '24 | $6.2B | $125M | 10.9% | 0.0% | -$151M | $18.7B | $272M |
| Aug '24 | $7.0B | $133M | 10.8% | 0.0% | $510M | $18.7B | $525M |
| May '24 | $7.1B | $152M | 11.1% | 0.0% | -$222M | $18.8B | $219M |
| Feb '24 | $5.6B | $50M | 10.4% | 0.0% | $200M | $18.8B | $574M |
| Nov '23 | $6.1B | $82M | 10.0% | 0.0% | $65M | $18.9B | $605M |
| Aug '23 | $7.1B | $119M | 9.8% | 0.0% | $51M | $18.9B | $521M |
| May '23 | $7.7B | $228M | 10.6% | 0.0% | -$322M | $18.7B | $264M |
| Feb '23 | $5.7B | $69M | 10.7% | 0.0% | -$482M | $18.4B | $315M |
| Nov '22 | $6.5B | $38M | 8.9% | 0.0% | $1.1B | $18.3B | $689M |
| Aug '22 | $8.1B | $126M | 9.1% | 0.0% | -$161M | $18.7B | $57M |
| May '22 | $9.3B | $252M | 9.4% | 0.0% | $436M | $18.4B | $95M |
| Feb '22 | $7.7B | $160M | 9.2% | 0.0% | -$548M | $18.7B | $103M |
| Nov '21 | $8.5B | $269M | 9.8% | 0.0% | -$786M | $18.0B | $63M |
| Aug '21 | $8.0B | $285M | 10.2% | 0.0% | -$1.4B | $17.2B | $58M |
How the market has priced KMX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Carmax Inc's revenue has grown 6.4% per year, and net income declined 19.9% per year. These are computed facts, not advice.
As of FY2026, Carmax Inc reported $18.1B of total debt against $123M of cash.
In FY2026, gross margin was 10.8%, operating margin —, and net margin 1.0%.
As of Jun '26, Carmax Inc traded at a price-to-earnings ratio of about 30.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.