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Side-by-side financial comparison of CARVANA CO. (CVNA) and Monster Beverage (MNST). Click either name above to swap in a different company.

CARVANA CO. is the larger business by last-quarter revenue ($4.2B vs $2.1B, roughly 2.0× Monster Beverage). Monster Beverage runs the higher net margin — 21.1% vs 8.8%, a 12.3% gap on every dollar of revenue. On growth, Monster Beverage posted the faster year-over-year revenue change (17.6% vs -34.2%). Over the past eight quarters, CARVANA CO.'s revenue compounded faster (11.4% CAGR vs 5.9%).

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.

Monster Beverage Corporation is an American beverage company that manufactures energy drinks including Monster Energy, Relentless, Reign and Burn. The company was originally founded as Hansen's in 1935 in Southern California, originally selling juice products. The company renamed itself as Monster Beverage in 2012.

CVNA vs MNST — Head-to-Head

Bigger by revenue
CVNA
CVNA
2.0× larger
CVNA
$4.2B
$2.1B
MNST
Growing faster (revenue YoY)
MNST
MNST
+51.8% gap
MNST
17.6%
-34.2%
CVNA
Higher net margin
MNST
MNST
12.3% more per $
MNST
21.1%
8.8%
CVNA
Faster 2-yr revenue CAGR
CVNA
CVNA
Annualised
CVNA
11.4%
5.9%
MNST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVNA
CVNA
MNST
MNST
Revenue
$4.2B
$2.1B
Net Profit
$373.0M
$449.2M
Gross Margin
55.5%
Operating Margin
9.3%
25.5%
Net Margin
8.8%
21.1%
Revenue YoY
-34.2%
17.6%
Net Profit YoY
-7.9%
65.9%
EPS (diluted)

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
MNST
MNST
Q1 26
$4.2B
Q4 25
$5.6B
$2.1B
Q3 25
$5.6B
$2.2B
Q2 25
$4.8B
$2.1B
Q1 25
$4.2B
$1.9B
Q4 24
$3.5B
$1.8B
Q3 24
$3.7B
$1.9B
Q2 24
$3.4B
$1.9B
Net Profit
CVNA
CVNA
MNST
MNST
Q1 26
$373.0M
Q4 25
$857.0M
$449.2M
Q3 25
$151.0M
$524.5M
Q2 25
$183.0M
$488.8M
Q1 25
$216.0M
$443.0M
Q4 24
$79.0M
$270.7M
Q3 24
$85.0M
$370.9M
Q2 24
$18.0M
$425.4M
Gross Margin
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
18.8%
55.5%
Q3 25
20.3%
55.7%
Q2 25
22.0%
55.7%
Q1 25
22.0%
56.5%
Q4 24
21.5%
55.3%
Q3 24
22.1%
53.2%
Q2 24
21.0%
53.6%
Operating Margin
CVNA
CVNA
MNST
MNST
Q1 26
9.3%
Q4 25
7.6%
25.5%
Q3 25
9.8%
30.7%
Q2 25
10.6%
29.9%
Q1 25
9.3%
30.7%
Q4 24
7.3%
21.0%
Q3 24
9.2%
25.5%
Q2 24
7.6%
27.7%
Net Margin
CVNA
CVNA
MNST
MNST
Q1 26
8.8%
Q4 25
15.3%
21.1%
Q3 25
2.7%
23.9%
Q2 25
3.8%
23.1%
Q1 25
5.1%
23.9%
Q4 24
2.2%
14.9%
Q3 24
2.3%
19.7%
Q2 24
0.5%
22.4%

Balance Sheet & Financial Strength

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

Metric
CVNA
CVNA
MNST
MNST
Cash + ST InvestmentsLiquidity on hand
$2.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$8.3B
Total Assets
$10.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$2.3B
$2.8B
Q3 25
$2.1B
$2.6B
Q2 25
$1.9B
$2.1B
Q1 25
$1.9B
$1.9B
Q4 24
$1.7B
$1.5B
Q3 24
$871.0M
$1.6B
Q2 24
$542.0M
$1.6B
Total Debt
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$4.9B
Q3 25
Q2 25
Q1 25
$199.1M
Q4 24
$5.3B
$374.0M
Q3 24
$748.8M
Q2 24
$748.7M
Stockholders' Equity
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$3.4B
$8.3B
Q3 25
$2.3B
$7.7B
Q2 25
$1.7B
$7.2B
Q1 25
$1.5B
$6.5B
Q4 24
$1.3B
$6.0B
Q3 24
$611.0M
$5.8B
Q2 24
$526.0M
$5.9B
Total Assets
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$13.2B
$10.0B
Q3 25
$9.9B
$9.6B
Q2 25
$9.4B
$8.7B
Q1 25
$8.9B
$8.2B
Q4 24
$8.5B
$7.7B
Q3 24
$7.4B
$8.1B
Q2 24
$7.2B
$8.1B
Debt / Equity
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
0.03×
Q4 24
4.20×
0.06×
Q3 24
0.13×
Q2 24
0.13×

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
MNST
MNST
Operating Cash FlowLast quarter
$379.4M
Free Cash FlowOCF − Capex
$351.2M
FCF MarginFCF / Revenue
16.5%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
0.84×
TTM Free Cash FlowTrailing 4 quarters
$2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$430.0M
$379.4M
Q3 25
$345.0M
$745.1M
Q2 25
$29.0M
$466.0M
Q1 25
$232.0M
$507.6M
Q4 24
$60.0M
$461.7M
Q3 24
$403.0M
$618.4M
Q2 24
$354.0M
$436.3M
Free Cash Flow
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
$379.0M
$351.2M
Q3 25
$307.0M
$701.5M
Q2 25
$-2.0M
$434.6M
Q1 25
$205.0M
$478.5M
Q4 24
$36.0M
$370.4M
Q3 24
$376.0M
$571.4M
Q2 24
$332.0M
$376.5M
FCF Margin
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
6.8%
16.5%
Q3 25
5.4%
31.9%
Q2 25
-0.0%
20.6%
Q1 25
4.8%
25.8%
Q4 24
1.0%
20.4%
Q3 24
10.3%
30.4%
Q2 24
9.7%
19.8%
Capex Intensity
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
0.9%
1.3%
Q3 25
0.7%
2.0%
Q2 25
0.6%
1.5%
Q1 25
0.6%
1.6%
Q4 24
0.7%
5.0%
Q3 24
0.7%
2.5%
Q2 24
0.6%
3.1%
Cash Conversion
CVNA
CVNA
MNST
MNST
Q1 26
Q4 25
0.50×
0.84×
Q3 25
2.28×
1.42×
Q2 25
0.16×
0.95×
Q1 25
1.07×
1.15×
Q4 24
0.76×
1.71×
Q3 24
4.74×
1.67×
Q2 24
19.67×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVNA
CVNA

Segment breakdown not available.

MNST
MNST

Monster Energy Drinks Segment$1.2B57%
Sales Revenue Product Line$905.5M42%
Strategic Brands Segment$50.3M2%
Alcohol Brands Segment$29.0M1%

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