RideNow (RDNW) Operating Margin (2017 - 2025)
RideNow (RDNW) recorded quarterly Operating Margin of 2.1% in Q4 2025, down 37.16% quarter-over-quarter from 3.35% in Q3 2025, and up 1735.0% on a YoY basis from 0.11% in Q4 2024.
RideNow (RDNW) Operating Margin (2017 - 2025) Analysis & Trends
RideNow's Operating Margin history runs 9 years deep, the most recent figure standing at 2.1% for Q4 2025.
- In Q4 2025, Operating Margin rose 1735.0% year-over-year to 2.1%; the TTM figure through Dec 2025 stood at 0.02% (up 124.0% YoY), while the FY2025 annual figure was 0.02%, up 124.0% from the prior year.
- Operating Margin was 2.1% for Q4 2025 at RideNow, down from 3.35% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 7.53% in Q2 2022 to a low of 98.95% in Q4 2022.
- Historically, Operating Margin has averaged 6.01% across 5 years, with a median of 1.0% in 2021.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 10264 bps in 2022, then surged 7664 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 3.69% in 2021, then slumped by 2780 bps to 98.95% in 2022, then soared by 77 bps to 22.3% in 2023, then jumped by 32 bps to 15.24% in 2024, then surged by 114 bps to 2.1% in 2025.
- The last three Operating Margin figures came in at 2.1% (Q4 2025), 3.35% (Q3 2025), and 6.27% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -4.90% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 9.03% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -0.10% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 3.62% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 4.80% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 5.16% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 17.07% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 13.98% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 4.49% |
| 10 | RideNow | 277.10 Mn | 247.60 Mn | 70.90 Mn | 2.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.10% |
| Sep 30, 2025 | 3.35% |
| Jun 30, 2025 | -6.27% |
| Mar 31, 2025 | 1.55% |
| Dec 31, 2024 | -15.24% |
| Sep 30, 2024 | 1.80% |
| Jun 30, 2024 | 4.57% |
| Mar 31, 2024 | 1.69% |
| Dec 31, 2023 | -22.30% |
| Sep 30, 2023 | -0.06% |
| Jun 30, 2023 | 0.21% |
| Mar 31, 2023 | -0.21% |
| Dec 31, 2022 | -98.95% |
| Sep 30, 2022 | 3.70% |
| Jun 30, 2022 | 7.53% |
| Mar 31, 2022 | 5.09% |
| Dec 31, 2021 | 3.69% |
| Sep 30, 2021 | -10.26% |
| Jun 30, 2021 | 0.45% |
| Mar 31, 2021 | -2.71% |