The Tip Desk

CARVANA CO.

Company Stats

Market Cap
$68.8B
as of Sep 30, 2026
Shares Outstanding
1.1B
Free Float
92.6%

Income Statement

Revenue
$20.3B
Operating Income
$1.9B
Net Income
$1.4B
Revenue Growth, 3Y
14.3%
FCF Margin, 3Y Avg
5.7%
FCF Margin, Worst Year
4.4%

Cash Flow

Free Cash Flow
$889.0M
FCF Yield
1.3%
Owner FCF Yield
1.2%

Balance Sheet

Cash & Equivalents
$2.3B

Returns & Capital

SBC, 3Y Avg
$86.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$20.3B$889.0M4.4%
FY2024$13.7B$827.0M6.0%
FY2023$10.8B$716.0M6.6%
FY2022$13.6B-$1.8B-13.5%
FY2021$12.8B-$3.2B-24.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage