CarMax Financial Ratios
NYSE: KMXConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CarMax ratio analysis
CarMax earned a net margin of 1.0% in FY 2026, down from 1.9% a year earlier. Gross margin was 10.8% compared with a median of 12.6% over the prior 9 years. Return on equity reached 4.2%, meaning CarMax generated 0.04 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.47 versus 0.34 the year before, and the current ratio was 2.20. At the end of FY 2026, KMX traded at 25.7 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 12.9 to 26.4, with a median of 21.6. 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
CarMax financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 25.70 | 25.85 | 26.26 | 23.22 | 14.79 | 26.44 | 16.38 | 12.87 | 16.66 | 19.90 |
| Price / sales | 0.25 | 0.49 | 0.47 | 0.38 | 0.52 | 1.03 | 0.71 | 0.59 | 0.64 | 0.78 |
| Price / book | 1.08 | 2.06 | 2.07 | 1.99 | 3.20 | 4.47 | 3.82 | 3.20 | 3.30 | 3.97 |
| Gross margin | 10.8% | 11.0% | 10.2% | 9.4% | 10.3% | 12.6% | 13.4% | 13.6% | 13.6% | 13.8% |
| Net margin | 1.0% | 1.9% | 1.8% | 1.6% | 3.6% | 3.9% | 4.4% | 4.6% | 3.9% | 3.9% |
| Free cash flow margin | 4.8% | 0.6% | -0.0% | 2.9% | -9.0% | 2.7% | -2.8% | -0.8% | -2.2% | -5.5% |
| Return on equity (ROE) | 4.2% | 8.0% | 7.9% | 8.6% | 22.0% | 17.1% | 23.6% | 25.1% | 20.0% | 20.2% |
| Return on assets (ROA) | 0.9% | 1.8% | 1.8% | 1.9% | 4.4% | 3.5% | 4.2% | 4.5% | 3.8% | 3.9% |
| Debt / equity | 0.47 | 0.34 | 0.40 | 0.44 | 0.72 | 0.41 | 0.59 | 4.23 | 4.07 | 4.03 |
| Current ratio | 2.20 | 2.31 | 2.26 | 2.60 | 3.20 | 2.42 | 2.39 | 2.45 | 2.61 | 2.60 |
| Revenue growth | -1.8% | -0.7% | -10.6% | -6.9% | 68.3% | -6.7% | 11.8% | 6.1% | 7.8% | 4.8% |
| EPS growth | -47.7% | 6.3% | -0.3% | -56.5% | 54.2% | -15.2% | 11.3% | 33.1% | 10.4% | 7.6% |