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Side-by-side financial comparison of C.H. Robinson (CHRW) 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 $3.9B, roughly 1.5× C.H. Robinson). C.H. Robinson runs the higher net margin — 3.5% vs 1.1%, a 2.4% gap on every dollar of revenue. On growth, C.H. Robinson posted the faster year-over-year revenue change (-6.5% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $302.4M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs -5.8%).
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
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.
CHRW vs KMX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $5.8B |
| Net Profit | $136.3M | $62.2M |
| Gross Margin | — | 10.2% |
| Operating Margin | 4.6% | — |
| Net Margin | 3.5% | 1.1% |
| Revenue YoY | -6.5% | -6.9% |
| Net Profit YoY | -8.7% | -50.4% |
| EPS (diluted) | $1.12 | $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 | $3.9B | $5.8B | ||
| Q3 25 | $4.1B | $6.6B | ||
| Q2 25 | $4.1B | $7.5B | ||
| Q1 25 | $4.0B | $6.0B | ||
| Q4 24 | $4.2B | $6.2B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $4.5B | $7.1B | ||
| Q1 24 | $4.4B | $5.6B |
| Q4 25 | $136.3M | $62.2M | ||
| Q3 25 | $163.0M | $95.4M | ||
| Q2 25 | $152.5M | $210.4M | ||
| Q1 25 | $135.3M | $89.9M | ||
| Q4 24 | $149.3M | $125.4M | ||
| Q3 24 | $97.2M | $132.8M | ||
| Q2 24 | $126.3M | $152.4M | ||
| Q1 24 | $92.9M | $50.3M |
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | 4.4% | 2.0% | ||
| Q4 24 | 4.4% | 2.7% | ||
| Q3 24 | 3.9% | 2.5% | ||
| Q2 24 | 4.0% | 2.9% | ||
| Q1 24 | 2.9% | 1.2% |
| Q4 25 | 3.5% | 1.1% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 3.7% | 2.8% | ||
| Q1 25 | 3.3% | 1.5% | ||
| Q4 24 | 3.6% | 2.0% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | 2.8% | 2.1% | ||
| Q1 24 | 2.1% | 0.9% |
| Q4 25 | $1.12 | $0.43 | ||
| Q3 25 | $1.34 | $0.64 | ||
| Q2 25 | $1.26 | $1.38 | ||
| Q1 25 | $1.11 | $0.58 | ||
| Q4 24 | $1.23 | $0.81 | ||
| Q3 24 | $0.80 | $0.85 | ||
| Q2 24 | $1.05 | $0.97 | ||
| Q1 24 | $0.78 | $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 | $160.9M | $204.9M |
| Total DebtLower is stronger | $1.1B | $16.6B |
| Stockholders' EquityBook value | $1.8B | $6.1B |
| Total Assets | $5.1B | $25.6B |
| Debt / EquityLower = less leverage | 0.59× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.9M | $204.9M | ||
| Q3 25 | $136.8M | $540.4M | ||
| Q2 25 | $156.0M | $262.8M | ||
| Q1 25 | $129.9M | $247.0M | ||
| Q4 24 | $145.8M | $271.9M | ||
| Q3 24 | $131.7M | $524.7M | ||
| Q2 24 | $113.2M | $218.9M | ||
| Q1 24 | $121.8M | $574.1M |
| Q4 25 | $1.1B | $16.6B | ||
| Q3 25 | $1.2B | $17.8B | ||
| Q2 25 | $1.4B | $18.0B | ||
| Q1 25 | $1.4B | $18.1B | ||
| Q4 24 | $1.4B | $18.1B | ||
| Q3 24 | $1.6B | $18.1B | ||
| Q2 24 | $1.6B | $18.2B | ||
| Q1 24 | $1.7B | $18.0B |
| Q4 25 | $1.8B | $6.1B | ||
| Q3 25 | $1.9B | $6.2B | ||
| Q2 25 | $1.8B | $6.3B | ||
| Q1 25 | $1.7B | $6.2B | ||
| Q4 24 | $1.7B | $6.2B | ||
| Q3 24 | $1.6B | $6.2B | ||
| Q2 24 | $1.5B | $6.2B | ||
| Q1 24 | $1.4B | $6.1B |
| Q4 25 | $5.1B | $25.6B | ||
| Q3 25 | $5.2B | $27.1B | ||
| Q2 25 | $5.3B | $27.4B | ||
| Q1 25 | $5.2B | $27.4B | ||
| Q4 24 | $5.3B | $27.3B | ||
| Q3 24 | $5.6B | $27.3B | ||
| Q2 24 | $5.5B | $27.2B | ||
| Q1 24 | $5.5B | $27.2B |
| Q4 25 | 0.59× | 2.74× | ||
| Q3 25 | 0.64× | 2.87× | ||
| Q2 25 | 0.76× | 2.86× | ||
| Q1 25 | 0.80× | 2.91× | ||
| Q4 24 | 0.80× | 2.92× | ||
| Q3 24 | 0.95× | 2.93× | ||
| Q2 24 | 1.07× | 2.95× | ||
| Q1 24 | 1.19× | 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 | $305.4M | $1.3B |
| Free Cash FlowOCF − Capex | $302.4M | $1.1B |
| FCF MarginFCF / Revenue | 7.7% | 19.2% |
| Capex IntensityCapex / Revenue | 0.1% | 2.4% |
| Cash ConversionOCF / Net Profit | 2.24× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $894.9M | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $305.4M | $1.3B | ||
| Q3 25 | $275.4M | $785.5M | ||
| Q2 25 | $227.1M | $299.5M | ||
| Q1 25 | $106.5M | $146.4M | ||
| Q4 24 | $267.9M | $-23.4M | ||
| Q3 24 | $108.1M | $619.1M | ||
| Q2 24 | $166.4M | $-117.7M | ||
| Q1 24 | $-33.3M | $309.6M |
| Q4 25 | $302.4M | $1.1B | ||
| Q3 25 | $269.5M | $654.0M | ||
| Q2 25 | $219.8M | $162.8M | ||
| Q1 25 | $103.2M | $18.8M | ||
| Q4 24 | $265.3M | $-150.6M | ||
| Q3 24 | $103.3M | $509.9M | ||
| Q2 24 | $159.8M | $-221.6M | ||
| Q1 24 | $-41.9M | $199.8M |
| Q4 25 | 7.7% | 19.2% | ||
| Q3 25 | 6.5% | 9.9% | ||
| Q2 25 | 5.3% | 2.2% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 6.3% | -2.4% | ||
| Q3 24 | 2.2% | 7.3% | ||
| Q2 24 | 3.6% | -3.1% | ||
| Q1 24 | -1.0% | 3.6% |
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 0.1% | 2.0% | ||
| Q2 25 | 0.2% | 1.8% | ||
| Q1 25 | 0.1% | 2.1% | ||
| Q4 24 | 0.1% | 2.0% | ||
| Q3 24 | 0.1% | 1.6% | ||
| Q2 24 | 0.1% | 1.5% | ||
| Q1 24 | 0.2% | 2.0% |
| Q4 25 | 2.24× | 20.14× | ||
| Q3 25 | 1.69× | 8.24× | ||
| Q2 25 | 1.49× | 1.42× | ||
| Q1 25 | 0.79× | 1.63× | ||
| Q4 24 | 1.79× | -0.19× | ||
| Q3 24 | 1.11× | 4.66× | ||
| Q2 24 | 1.32× | -0.77× | ||
| Q1 24 | -0.36× | 6.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
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% |
