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Side-by-side financial comparison of CARVANA CO. (CVNA) and International Flavors & Fragrances (IFF). Click either name above to swap in a different company.

CARVANA CO. is the larger business by last-quarter revenue ($4.2B vs $2.7B, roughly 1.5× International Flavors & Fragrances). CARVANA CO. runs the higher net margin — 8.8% vs 6.2%, a 2.6% gap on every dollar of revenue. On growth, International Flavors & Fragrances posted the faster year-over-year revenue change (-3.6% vs -34.2%). Over the past eight quarters, CARVANA CO.'s revenue compounded faster (11.4% CAGR vs -2.6%).

Carvana Co. is an online used car retailer based in Tempe, Arizona. Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list.

International Flavors & Fragrances Inc. (IFF) is an American corporation that creates products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics categories, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 countries. The company is a member of the S&P 500 index.

CVNA vs IFF — Head-to-Head

Bigger by revenue
CVNA
CVNA
1.5× larger
CVNA
$4.2B
$2.7B
IFF
Growing faster (revenue YoY)
IFF
IFF
+30.6% gap
IFF
-3.6%
-34.2%
CVNA
Higher net margin
CVNA
CVNA
2.6% more per $
CVNA
8.8%
6.2%
IFF
Faster 2-yr revenue CAGR
CVNA
CVNA
Annualised
CVNA
11.4%
-2.6%
IFF

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CVNA
CVNA
IFF
IFF
Revenue
$4.2B
$2.7B
Net Profit
$373.0M
$170.0M
Gross Margin
37.1%
Operating Margin
9.3%
Net Margin
8.8%
6.2%
Revenue YoY
-34.2%
-3.6%
Net Profit YoY
-7.9%
EPS (diluted)
$0.66

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.

Revenue
CVNA
CVNA
IFF
IFF
Q1 26
$4.2B
$2.7B
Q4 25
$5.6B
$2.6B
Q3 25
$5.6B
$2.7B
Q2 25
$4.8B
$2.8B
Q1 25
$4.2B
$2.8B
Q4 24
$3.5B
$2.8B
Q3 24
$3.7B
$2.9B
Q2 24
$3.4B
$2.9B
Net Profit
CVNA
CVNA
IFF
IFF
Q1 26
$373.0M
$170.0M
Q4 25
$857.0M
$5.0M
Q3 25
$151.0M
$40.0M
Q2 25
$183.0M
$612.0M
Q1 25
$216.0M
$-1.0B
Q4 24
$79.0M
$-46.0M
Q3 24
$85.0M
$59.0M
Q2 24
$18.0M
$170.0M
Gross Margin
CVNA
CVNA
IFF
IFF
Q1 26
37.1%
Q4 25
18.8%
34.4%
Q3 25
20.3%
36.5%
Q2 25
22.0%
37.3%
Q1 25
22.0%
36.4%
Q4 24
21.5%
35.4%
Q3 24
22.1%
36.0%
Q2 24
21.0%
37.0%
Operating Margin
CVNA
CVNA
IFF
IFF
Q1 26
9.3%
Q4 25
7.6%
3.7%
Q3 25
9.8%
8.4%
Q2 25
10.6%
7.2%
Q1 25
9.3%
-31.8%
Q4 24
7.3%
4.6%
Q3 24
9.2%
8.5%
Q2 24
7.6%
6.6%
Net Margin
CVNA
CVNA
IFF
IFF
Q1 26
8.8%
6.2%
Q4 25
15.3%
0.2%
Q3 25
2.7%
1.5%
Q2 25
3.8%
22.1%
Q1 25
5.1%
-35.8%
Q4 24
2.2%
-1.7%
Q3 24
2.3%
2.0%
Q2 24
0.5%
5.9%
EPS (diluted)
CVNA
CVNA
IFF
IFF
Q1 26
$0.66
Q4 25
$0.03
Q3 25
$0.16
Q2 25
$2.38
Q1 25
$-3.98
Q4 24
$-0.17
Q3 24
$0.23
Q2 24
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVNA
CVNA
IFF
IFF
Cash + ST InvestmentsLiquidity on hand
$562.0M
Total DebtLower is stronger
$5.8B
Stockholders' EquityBook value
Total Assets
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVNA
CVNA
IFF
IFF
Q1 26
$562.0M
Q4 25
$2.3B
$590.0M
Q3 25
$2.1B
$621.0M
Q2 25
$1.9B
$816.0M
Q1 25
$1.9B
$613.0M
Q4 24
$1.7B
$469.0M
Q3 24
$871.0M
$567.0M
Q2 24
$542.0M
$671.0M
Total Debt
CVNA
CVNA
IFF
IFF
Q1 26
$5.8B
Q4 25
$4.9B
$5.6B
Q3 25
Q2 25
Q1 25
Q4 24
$5.3B
$8.9B
Q3 24
Q2 24
Stockholders' Equity
CVNA
CVNA
IFF
IFF
Q1 26
Q4 25
$3.4B
$14.2B
Q3 25
$2.3B
$14.2B
Q2 25
$1.7B
$14.4B
Q1 25
$1.5B
$13.2B
Q4 24
$1.3B
$13.9B
Q3 24
$611.0M
$14.8B
Q2 24
$526.0M
$14.3B
Total Assets
CVNA
CVNA
IFF
IFF
Q1 26
$25.1B
Q4 25
$13.2B
$25.5B
Q3 25
$9.9B
$25.8B
Q2 25
$9.4B
$26.1B
Q1 25
$8.9B
$28.3B
Q4 24
$8.5B
$28.7B
Q3 24
$7.4B
$29.9B
Q2 24
$7.2B
$29.5B
Debt / Equity
CVNA
CVNA
IFF
IFF
Q1 26
Q4 25
1.43×
0.40×
Q3 25
Q2 25
Q1 25
Q4 24
4.20×
0.64×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVNA
CVNA
IFF
IFF
Operating Cash FlowLast quarter
$257.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVNA
CVNA
IFF
IFF
Q1 26
$257.0M
Q4 25
$430.0M
$318.0M
Q3 25
$345.0M
$164.0M
Q2 25
$29.0M
$241.0M
Q1 25
$232.0M
$127.0M
Q4 24
$60.0M
$368.0M
Q3 24
$403.0M
$366.0M
Q2 24
$354.0M
$237.0M
Free Cash Flow
CVNA
CVNA
IFF
IFF
Q1 26
Q4 25
$379.0M
$130.0M
Q3 25
$307.0M
$32.0M
Q2 25
$-2.0M
$146.0M
Q1 25
$205.0M
$-52.0M
Q4 24
$36.0M
$208.0M
Q3 24
$376.0M
$263.0M
Q2 24
$332.0M
$155.0M
FCF Margin
CVNA
CVNA
IFF
IFF
Q1 26
Q4 25
6.8%
5.0%
Q3 25
5.4%
1.2%
Q2 25
-0.0%
5.3%
Q1 25
4.8%
-1.8%
Q4 24
1.0%
7.5%
Q3 24
10.3%
9.0%
Q2 24
9.7%
5.4%
Capex Intensity
CVNA
CVNA
IFF
IFF
Q1 26
Q4 25
0.9%
7.3%
Q3 25
0.7%
4.9%
Q2 25
0.6%
3.4%
Q1 25
0.6%
6.3%
Q4 24
0.7%
5.8%
Q3 24
0.7%
3.5%
Q2 24
0.6%
2.8%
Cash Conversion
CVNA
CVNA
IFF
IFF
Q1 26
1.51×
Q4 25
0.50×
63.60×
Q3 25
2.28×
4.10×
Q2 25
0.16×
0.39×
Q1 25
1.07×
Q4 24
0.76×
Q3 24
4.74×
6.20×
Q2 24
19.67×
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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