Carvana (CVNA) FCF Margin (2016 - 2026)
Carvana's FCF Margin came in at 6.11% for Q3 2026, up 0.67 percentage points from 5.44% a year earlier and up 3.57 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) FCF Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Carvana reported FCF Margin of 4.05%, up 1.07 percentage points year-over-year; for FY2025, it came in at 4.37%, down 1.67 percentage points from FY2024.
- FCF Margin carries a five-year change of +21.70 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 6.05% in FY2024 (-0.60 pp), 6.65% in FY2023 (+20.14 pp), -13.50% in FY2022 (+11.09 pp) and -24.59% in FY2021 (-7.26 pp).
- The five-year range for quarterly FCF Margin is -35.68% (Q4 2021) to 20.92% (Q3 2023).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +0.52 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2023 (a gain of 26.47 percentage points), and the weakest in Q4 2021 (a drop of 21.94 percentage points).
- Business Quant data shows CVNA's FCF Margin at 2.54% (Q2 2026), 0.87% (Q1 2026) and 6.76% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,583.91 Bn | 2,583.91 Bn | - | - |
| 2 | Home Depot | 327.32 Bn | 320.57 Bn | 16.12 Bn | 9.42% |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | 11.39% |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | 12.01% |
| 5 | O Reilly Automotive | 72.96 Bn | 72.96 Bn | 2.68 Bn | - |
| 6 | Ross Stores | 72.59 Bn | 55.51 Bn | 2.12 Bn | 9.97% |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | 9.17% |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 10.51% |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | 6.11% |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | 10.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.11% |
| Jun 30, 2026 | 2.54% |
| Mar 31, 2026 | 0.87% |
| Dec 31, 2025 | 6.76% |
| Sep 30, 2025 | 5.44% |
| Jun 30, 2025 | -0.04% |
| Mar 31, 2025 | 4.84% |
| Dec 31, 2024 | 1.01% |
| Sep 30, 2024 | 10.29% |
| Jun 30, 2024 | 9.74% |
| Mar 31, 2024 | 2.71% |
| Dec 31, 2023 | -10.60% |
| Sep 30, 2023 | 20.92% |
| Jun 30, 2023 | 16.54% |
| Mar 31, 2023 | -3.76% |
| Dec 31, 2022 | -28.20% |
| Sep 30, 2022 | -5.55% |
| Jun 30, 2022 | -0.90% |
| Mar 31, 2022 | -23.25% |
| Dec 31, 2021 | -35.68% |
API Access
Carvana FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();