CarMax, Inc. (KMX)

CarMax Income Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Operating Revenue	26,787	26,353	26,536	29,685	31,900	18,950
Other Revenue	1,887	1,854	1,677	1,442	1,297	1,142
Revenue	28,673	28,207	28,213	31,126	33,197	20,092
Revenue Growth (YoY)	3.55%	-0.02%	-9.36%	-6.24%	65.22%	-6.22%
Cost of Revenue	23,787	23,456	23,823	26,885	28,613	16,571
Gross Profit	3,576	3,480	3,281	3,464	4,089	2,942
Selling, General & Admin	2,456	2,435	2,354	2,487	2,325	1,704
Operating Expenses	2,716	2,691	2,593	2,716	2,537	1,899
Operating Income	860.4	788.93	688.87	747.8	1,552	1,043
Interest Expense	-103.65	-107.94	-124.75	-120.4	-94.1	-86.18
Other Non Operating Income (Expenses)	1.4	0.68	10.27	9.4	34.57	8.28
EBT Excluding Unusual Items	758.15	681.66	574.4	636.8	1,492	965.26
Asset Writedown	-12.3	-12.3	-	-	-	-
Legal Settlements	-	-	67.2	-	-	-
Pretax Income	745.85	669.36	641.6	636.8	1,492	965.26
Income Tax Expense	187.35	168.8	162.39	152.04	341.05	218.34
Net Income	558.5	500.56	479.2	484.76	1,151	746.92
Net Income to Common	558.5	500.56	479.2	484.76	1,151	746.92
Net Income Growth	38.47%	4.46%	-1.15%	-57.89%	54.14%	-15.93%
Shares Outstanding (Basic)	154	155	158	159	162	163
Shares Outstanding (Diluted)	155	156	159	160	165	165
Shares Change (YoY)	-2.34%	-1.67%	-0.67%	-3.27%	0.03%	-1.01%
EPS (Basic)	3.62	3.22	3.03	3.05	7.09	4.58
EPS (Diluted)	3.61	3.21	3.02	3.03	6.97	4.52
EPS Growth	41.59%	6.29%	-0.33%	-56.53%	54.20%	-15.20%
Free Cash Flow	540.91	156.5	-6.69	860.62	-2,858	503.22
Free Cash Flow Per Share	3.50	1.00	-0.04	5.39	-17.30	3.05
Gross Margin	12.47%	12.34%	11.63%	11.13%	12.32%	14.64%
Operating Margin	3.00%	2.80%	2.44%	2.40%	4.67%	5.19%
Profit Margin	1.95%	1.77%	1.70%	1.56%	3.47%	3.72%
Free Cash Flow Margin	1.89%	0.56%	-0.02%	2.77%	-8.61%	2.50%
EBITDA	1,166	1,084	949.29	1,013	1,825	1,285
EBITDA Margin	4.07%	3.84%	3.36%	3.26%	5.50%	6.40%
D&A For EBITDA	305.34	294.8	260.41	265.22	273.19	242.16
EBIT	860.4	788.93	688.87	747.8	1,552	1,043
EBIT Margin	3.00%	2.80%	2.44%	2.40%	4.67%	5.19%
Effective Tax Rate	25.12%	25.22%	25.31%	23.88%	22.85%	22.62%
Advertising Expenses	-	261.9	265.6	295.6	332.2	218.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q