Company / Operating Income
Carvana Operating Income History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.9B
FY2025
5-year range
-$2.4B / $1.9B
FY2022-FY2025
Trend
+90.0%
vs FY2024
Sector context
#22 of 194
Consumer Discretionary
What the data says
Carvana's operating income of $1.9B is higher than 89% of companies in the Consumer Discretionary sector (FY2025). Operating Income has increased for 3 consecutive years, from -$2.4B in FY2022 to $1.9B in FY2025.
Based on SEC 10-K filings.
$1.9B in FY2025. Top quartile in the Consumer Discretionary sector.
Improved from -$80M to $1.9B over the past 2 years.
Consumer Discretionary sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
+57.8% above sector average
Key checks
Key Insights
- Carvana's operating income has grown for 3 consecutive years.
- In FY2025, operating income increased 90.0% year-over-year.
- Ranks #22 out of 194 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Low earnings quality (accrual-heavy earnings)
- Strong return on equity: 37.7%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.9B | +90.0% |
| FY2024 | $990.0M | +1337.5% |
| FY2023 | -$80.0M | +96.6% |
| FY2022 | -$2.4B | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026