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Side-by-side financial comparison of CARVANA CO. (CVNA) and Raymond James Financial (RJF). Click either name above to swap in a different company.
CARVANA CO. is the larger business by last-quarter revenue ($4.2B vs $3.9B, roughly 1.1× Raymond James Financial). Raymond James Financial runs the higher net margin — 14.1% vs 8.8%, a 5.3% gap on every dollar of revenue. On growth, Raymond James Financial posted the faster year-over-year revenue change (13.0% vs -34.2%). Over the past eight quarters, CARVANA CO.'s revenue compounded faster (11.4% CAGR vs 1.3%).
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.
Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.
CVNA vs RJF — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.2B | $3.9B |
| Net Profit | $373.0M | $544.0M |
| Gross Margin | — | — |
| Operating Margin | 9.3% | — |
| Net Margin | 8.8% | 14.1% |
| Revenue YoY | -34.2% | 13.0% |
| Net Profit YoY | -7.9% | 10.0% |
| EPS (diluted) | — | $2.83 |
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.
| Q1 26 | $4.2B | $3.9B | ||
| Q4 25 | $5.6B | $4.2B | ||
| Q3 25 | $5.6B | $4.2B | ||
| Q2 25 | $4.8B | $3.8B | ||
| Q1 25 | $4.2B | $3.8B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.7B | $4.0B | ||
| Q2 24 | $3.4B | $3.8B |
| Q1 26 | $373.0M | $544.0M | ||
| Q4 25 | $857.0M | $563.0M | ||
| Q3 25 | $151.0M | $604.0M | ||
| Q2 25 | $183.0M | $436.0M | ||
| Q1 25 | $216.0M | $495.0M | ||
| Q4 24 | $79.0M | $600.0M | ||
| Q3 24 | $85.0M | $602.0M | ||
| Q2 24 | $18.0M | $492.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 21.0% | — |
| Q1 26 | 9.3% | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 10.6% | 14.7% | ||
| Q1 25 | 9.3% | 17.5% | ||
| Q4 24 | 7.3% | 18.6% | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 7.6% | 17.1% |
| Q1 26 | 8.8% | 14.1% | ||
| Q4 25 | 15.3% | 13.5% | ||
| Q3 25 | 2.7% | 14.4% | ||
| Q2 25 | 3.8% | 11.3% | ||
| Q1 25 | 5.1% | 12.9% | ||
| Q4 24 | 2.2% | 14.9% | ||
| Q3 24 | 2.3% | 15.0% | ||
| Q2 24 | 0.5% | 13.1% |
| Q1 26 | — | $2.83 | ||
| Q4 25 | — | $2.79 | ||
| Q3 25 | — | $2.96 | ||
| Q2 25 | — | $2.12 | ||
| Q1 25 | — | $2.36 | ||
| Q4 24 | — | $2.86 | ||
| Q3 24 | — | $2.85 | ||
| Q2 24 | — | $2.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $52.0M |
| Total Assets | — | $91.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.3B | $9.9B | ||
| Q3 25 | $2.1B | $11.4B | ||
| Q2 25 | $1.9B | $9.2B | ||
| Q1 25 | $1.9B | $9.7B | ||
| Q4 24 | $1.7B | $10.0B | ||
| Q3 24 | $871.0M | $11.0B | ||
| Q2 24 | $542.0M | $9.1B |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $52.0M | ||
| Q4 25 | $3.4B | $12.6B | ||
| Q3 25 | $2.3B | $12.5B | ||
| Q2 25 | $1.7B | $12.3B | ||
| Q1 25 | $1.5B | $12.2B | ||
| Q4 24 | $1.3B | $11.9B | ||
| Q3 24 | $611.0M | $11.7B | ||
| Q2 24 | $526.0M | $11.2B |
| Q1 26 | — | $91.9B | ||
| Q4 25 | $13.2B | $88.8B | ||
| Q3 25 | $9.9B | $88.2B | ||
| Q2 25 | $9.4B | $84.8B | ||
| Q1 25 | $8.9B | $83.1B | ||
| Q4 24 | $8.5B | $82.3B | ||
| Q3 24 | $7.4B | $83.0B | ||
| Q2 24 | $7.2B | $80.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.20× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVNA
Segment breakdown not available.
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
