Company / Operating Margin
Carvana Operating Margin History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
9.3%
FY2025
5-year range
-17.3% / 9.3%
FY2022-FY2025
Trend
+27.9%
vs FY2024
Sector context
#84 of 184
Consumer Discretionary
What the data says
At 9.3%, Carvana's operating margin ranks #84 of 184 in the Consumer Discretionary sector. Operating Margin has increased for 3 consecutive years, from -17.3% in FY2022 to 9.3% in FY2025.
Based on SEC 10-K filings.
9.3% in FY2025 with a 3-year CAGR of +26.5%.
Improved from -0.7% to 9.3% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +26.5pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
#84 of 184 in Consumer DiscretionaryTop 46% of 184This company 9.3% Sector average 3.4%
▼
+175.9% above sector average
Key checks
Key Insights
- Carvana's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 27.9% year-over-year.
- Currently 5.9pp above the Consumer Discretionary sector average.
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 MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 9.3% | +27.9% |
| FY2024 | 7.2% | +1078.4% |
| FY2023 | -0.7% | +95.7% |
| FY2022 | -17.3% | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026