Carvana Financial Ratios
NYSE: CVNAConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Carvana ratio analysis
Carvana earned a net margin of 6.9% in FY 2025, up from 1.5% a year earlier. Gross margin was 20.6% compared with a median of 12.9% over the prior 9 years. Return on equity reached 40.9%, meaning Carvana generated 0.41 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.46 versus 4.41 the year before, and the current ratio was 4.31. At the end of FY 2025, CVNA traded at 9.5 times earnings; across the 3 fiscal years shown, its year-end P/E ranged from 9.5 to 22.3, with a median of 14.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Carvana financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 9.47 | 22.28 | 14.12 | — | — | — | — | — | — | — |
| Price / sales | 0.54 | 0.32 | 0.11 | 0.01 | 0.30 | — | — | — | — | — |
| Price / book | 3.20 | 3.44 | 4.76 | — | 12.54 | — | — | — | — | — |
| Gross margin | 20.6% | 21.0% | 16.0% | 9.2% | 15.1% | 14.2% | 12.9% | 10.1% | 7.9% | 5.3% |
| Operating margin | 9.3% | 7.2% | -0.7% | -17.3% | — | — | — | — | — | — |
| Net margin | 6.9% | 1.5% | 4.2% | -11.7% | -1.1% | -3.1% | -2.9% | -2.8% | -7.3% | -25.5% |
| Free cash flow margin | 4.4% | 6.0% | 6.6% | -13.5% | -24.6% | -17.3% | -25.1% | -28.5% | -32.4% | -76.6% |
| Return on equity (ROE) | 40.9% | 16.7% | 185.2% | — | -44.1% | -44.1% | -117.2% | -69.6% | -50.0% | — |
| Return on assets (ROA) | 10.7% | 2.5% | 6.4% | -18.2% | -1.9% | -5.6% | -5.6% | -5.6% | -9.8% | -27.7% |
| Debt / equity | 1.46 | 4.41 | 25.49 | — | 17.52 | 4.37 | 15.18 | 7.95 | 2.40 | — |
| Current ratio | 4.31 | 3.64 | 2.16 | 1.77 | 1.69 | 4.12 | 1.57 | 2.01 | 1.60 | 1.40 |
| Revenue growth | 48.6% | 26.9% | -20.8% | 6.2% | 129.4% | 41.8% | 101.5% | 127.7% | 135.2% | 180.0% |
| EPS growth | 431.4% | 112.0% | — | — | — | — | — | — | — | — |