RideNow (RDNW) Operating Margin (2017 - 2026)
RideNow (RDNW) posted quarterly Operating Margin of 2.1% for Q4 2025, up 1735.0% year-over-year from 0.11% in Q4 2024, and down 37.16% quarter-over-quarter from 3.35% in Q3 2025.
Powered by 
Analysis
RideNow (RDNW) Operating Margin (2017 - 2026) 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 for Q4 2025 stood at 2.1%, down from 3.35% in the prior quarter.
- The five-year high for Operating Margin was 7.53% in Q2 2022, with the low at 98.95% in Q4 2022.
- The 5-year median for Operating Margin is 1.0% (2021), against an average of 6.01%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 10264 bps in 2022, then jumped 7664 bps in 2023.
- RideNow's Operating Margin stood at 3.69% in 2021, then sank by 2780 bps to 98.95% in 2022, then surged by 77 bps to 22.3% in 2023, then soared by 32 bps to 15.24% in 2024, then jumped by 114 bps to 2.1% in 2025.
- Business Quant data shows RDNW's Operating Margin at 2.1% in Q4 2025, 3.35% in Q3 2025, and 6.27% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 52.87 Bn | 50.13 Bn | 1.38 Bn | 9.22% |
| 2 | Penske Automotive | 14.22 Bn | 14.15 Bn | 1.36 Bn | 3.97% |
| 3 | Rush Enterprises Inc \Tx\ | 9.01 Bn | 8.75 Bn | 361.67 Mn | 5.12% |
| 4 | Carmax | 8.69 Bn | 8.10 Bn | 854.41 Mn | 2.74% |
| 5 | Lithia Motors | 8.26 Bn | 7.90 Bn | 1.50 Bn | 4.58% |
| 6 | Autonation | 6.73 Bn | 6.68 Bn | 1.23 Bn | 4.60% |
| 7 | Uxin | 5.72 Bn | 5.71 Bn | - | - |
| 8 | Valvoline | 4.10 Bn | 4.02 Bn | 214.90 Mn | 20.60% |
| 9 | Openlane | 4.07 Bn | 3.88 Bn | 248.20 Mn | 12.17% |
| 10 | RideNow | 219.46 Mn | 172.76 Mn | 84.80 Mn | 6.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.03% |
| 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% |