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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and CarMax (KMX). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $733.7M, roughly 7.9× BRIGHT HORIZONS FAMILY SOLUTIONS INC.). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $258.5M). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs 1.5%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
BFAM vs KMX — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $5.8B |
| Net Profit | — | $62.2M |
| Gross Margin | 19.3% | 10.2% |
| Operating Margin | 6.2% | — |
| Net Margin | — | 1.1% |
| Revenue YoY | 8.8% | -6.9% |
| Net Profit YoY | — | -50.4% |
| EPS (diluted) | $0.38 | $0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $733.7M | $5.8B | ||
| Q3 25 | $802.8M | $6.6B | ||
| Q2 25 | $731.6M | $7.5B | ||
| Q1 25 | $665.5M | $6.0B | ||
| Q4 24 | $674.1M | $6.2B | ||
| Q3 24 | $719.1M | $7.0B | ||
| Q2 24 | $670.1M | $7.1B | ||
| Q1 24 | $622.7M | $5.6B |
| Q4 25 | — | $62.2M | ||
| Q3 25 | $78.6M | $95.4M | ||
| Q2 25 | $54.8M | $210.4M | ||
| Q1 25 | $38.0M | $89.9M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | $54.9M | $132.8M | ||
| Q2 24 | $39.2M | $152.4M | ||
| Q1 24 | $17.0M | $50.3M |
| Q4 25 | 19.3% | 10.2% | ||
| Q3 25 | 27.0% | 10.9% | ||
| Q2 25 | 25.0% | 11.8% | ||
| Q1 25 | 23.4% | 11.1% | ||
| Q4 24 | 20.8% | 10.9% | ||
| Q3 24 | 25.2% | 10.8% | ||
| Q2 24 | 24.2% | 11.1% | ||
| Q1 24 | 21.7% | 10.4% |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 9.4% | 2.0% | ||
| Q4 24 | 7.2% | 2.7% | ||
| Q3 24 | 12.4% | 2.5% | ||
| Q2 24 | 10.3% | 2.9% | ||
| Q1 24 | 6.4% | 1.2% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 9.8% | 1.4% | ||
| Q2 25 | 7.5% | 2.8% | ||
| Q1 25 | 5.7% | 1.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 7.6% | 1.9% | ||
| Q2 24 | 5.8% | 2.1% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | $0.38 | $0.43 | ||
| Q3 25 | $1.37 | $0.64 | ||
| Q2 25 | $0.95 | $1.38 | ||
| Q1 25 | $0.66 | $0.58 | ||
| Q4 24 | $0.50 | $0.81 | ||
| Q3 24 | $0.94 | $0.85 | ||
| Q2 24 | $0.67 | $0.97 | ||
| Q1 24 | $0.29 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $140.1M | $204.9M |
| Total DebtLower is stronger | $747.6M | $16.6B |
| Stockholders' EquityBook value | $1.3B | $6.1B |
| Total Assets | $3.9B | $25.6B |
| Debt / EquityLower = less leverage | 0.56× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | $204.9M | ||
| Q3 25 | $116.6M | $540.4M | ||
| Q2 25 | $179.2M | $262.8M | ||
| Q1 25 | $112.0M | $247.0M | ||
| Q4 24 | $110.3M | $271.9M | ||
| Q3 24 | $109.9M | $524.7M | ||
| Q2 24 | $140.2M | $218.9M | ||
| Q1 24 | $63.7M | $574.1M |
| Q4 25 | $747.6M | $16.6B | ||
| Q3 25 | $747.5M | $17.8B | ||
| Q2 25 | $797.0M | $18.0B | ||
| Q1 25 | $872.7M | $18.1B | ||
| Q4 24 | $918.4M | $18.1B | ||
| Q3 24 | $925.7M | $18.1B | ||
| Q2 24 | $931.9M | $18.2B | ||
| Q1 24 | $938.1M | $18.0B |
| Q4 25 | $1.3B | $6.1B | ||
| Q3 25 | $1.4B | $6.2B | ||
| Q2 25 | $1.4B | $6.3B | ||
| Q1 25 | $1.3B | $6.2B | ||
| Q4 24 | $1.3B | $6.2B | ||
| Q3 24 | $1.4B | $6.2B | ||
| Q2 24 | $1.3B | $6.2B | ||
| Q1 24 | $1.2B | $6.1B |
| Q4 25 | $3.9B | $25.6B | ||
| Q3 25 | $3.9B | $27.1B | ||
| Q2 25 | $3.9B | $27.4B | ||
| Q1 25 | $3.8B | $27.4B | ||
| Q4 24 | $3.9B | $27.3B | ||
| Q3 24 | $3.9B | $27.3B | ||
| Q2 24 | $3.8B | $27.2B | ||
| Q1 24 | $3.8B | $27.2B |
| Q4 25 | 0.56× | 2.74× | ||
| Q3 25 | 0.52× | 2.87× | ||
| Q2 25 | 0.57× | 2.86× | ||
| Q1 25 | 0.66× | 2.91× | ||
| Q4 24 | 0.72× | 2.92× | ||
| Q3 24 | 0.66× | 2.93× | ||
| Q2 24 | 0.73× | 2.95× | ||
| Q1 24 | 0.76× | 2.96× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $350.7M | $1.3B |
| Free Cash FlowOCF − Capex | $258.5M | $1.1B |
| FCF MarginFCF / Revenue | 35.2% | 19.2% |
| Capex IntensityCapex / Revenue | 12.6% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | $1.3B | ||
| Q3 25 | $-17.6M | $785.5M | ||
| Q2 25 | $134.2M | $299.5M | ||
| Q1 25 | $86.2M | $146.4M | ||
| Q4 24 | $337.5M | $-23.4M | ||
| Q3 24 | $-8.9M | $619.1M | ||
| Q2 24 | $109.4M | $-117.7M | ||
| Q1 24 | $116.3M | $309.6M |
| Q4 25 | $258.5M | $1.1B | ||
| Q3 25 | $-42.4M | $654.0M | ||
| Q2 25 | $115.4M | $162.8M | ||
| Q1 25 | $70.9M | $18.8M | ||
| Q4 24 | $240.2M | $-150.6M | ||
| Q3 24 | $-32.2M | $509.9M | ||
| Q2 24 | $86.8M | $-221.6M | ||
| Q1 24 | $96.9M | $199.8M |
| Q4 25 | 35.2% | 19.2% | ||
| Q3 25 | -5.3% | 9.9% | ||
| Q2 25 | 15.8% | 2.2% | ||
| Q1 25 | 10.7% | 0.3% | ||
| Q4 24 | 35.6% | -2.4% | ||
| Q3 24 | -4.5% | 7.3% | ||
| Q2 24 | 13.0% | -3.1% | ||
| Q1 24 | 15.6% | 3.6% |
| Q4 25 | 12.6% | 2.4% | ||
| Q3 25 | 3.1% | 2.0% | ||
| Q2 25 | 2.6% | 1.8% | ||
| Q1 25 | 2.3% | 2.1% | ||
| Q4 24 | 14.4% | 2.0% | ||
| Q3 24 | 3.2% | 1.6% | ||
| Q2 24 | 3.4% | 1.5% | ||
| Q1 24 | 3.1% | 2.0% |
| Q4 25 | — | 20.14× | ||
| Q3 25 | -0.22× | 8.24× | ||
| Q2 25 | 2.45× | 1.42× | ||
| Q1 25 | 2.26× | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | -0.16× | 4.66× | ||
| Q2 24 | 2.79× | -0.77× | ||
| Q1 24 | 6.85× | 6.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
