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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Carmax (KMX) Operating Margin (2016 - 2025)

Carmax (KMX) has 17 years of Operating Margin data on record, last reported at 10.18% in Q4 2025.

  • For Q4 2025, Operating Margin rose 855.0% year-over-year to 10.18%; the TTM value through Nov 2025 reached 8.71%, up 467.0%, while the annual FY2025 figure was 0.66%, 4.0% up from the prior year.
  • Operating Margin reached 10.18% in Q4 2025 per KMX's latest filing, down from 10.88% in the prior quarter.
  • Across five years, Operating Margin topped out at 11.84% in Q2 2025 and bottomed at 0.23% in Q4 2022.
  • Average Operating Margin over 5 years is 3.65%, with a median of 2.24% recorded in 2022.
  • Peak YoY movement for Operating Margin: plummeted -329bps in 2022, then surged 875bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 3.06% in 2021, then crashed by -108bps to 0.23% in 2022, then soared by 472bps to 0.86% in 2023, then skyrocketed by 90bps to 1.64% in 2024, then soared by 522bps to 10.18% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 10.18% in Q4 2025, 10.88% in Q3 2025, and 11.84% in Q2 2025.