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

CARVANA CO. is the larger business by last-quarter revenue ($4.2B vs $3.1B, roughly 1.4× Molson Coors Beverage Company). CARVANA CO. runs the higher net margin — 8.8% vs 6.7%, a 2.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (6.1% vs -34.2%). Over the past eight quarters, CARVANA CO.'s revenue compounded faster (11.4% CAGR vs -9.8%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CVNA vs TAP — Head-to-Head

Bigger by revenue
CVNA
CVNA
1.4× larger
CVNA
$4.2B
$3.1B
TAP
Growing faster (revenue YoY)
TAP
TAP
+40.3% gap
TAP
6.1%
-34.2%
CVNA
Higher net margin
CVNA
CVNA
2.1% more per $
CVNA
8.8%
6.7%
TAP
Faster 2-yr revenue CAGR
CVNA
CVNA
Annualised
CVNA
11.4%
-9.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CVNA
CVNA
TAP
TAP
Revenue
$4.2B
$3.1B
Net Profit
$373.0M
$209.3M
Gross Margin
31.0%
Operating Margin
9.3%
Net Margin
8.8%
6.7%
Revenue YoY
-34.2%
6.1%
Net Profit YoY
-7.9%
-28.7%
EPS (diluted)
$1.22

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
TAP
TAP
Q1 26
$4.2B
$3.1B
Q4 25
$5.6B
$3.1B
Q3 25
$5.6B
$3.5B
Q2 25
$4.8B
$3.7B
Q1 25
$4.2B
$2.7B
Q4 24
$3.5B
$3.2B
Q3 24
$3.7B
$3.6B
Q2 24
$3.4B
$3.8B
Net Profit
CVNA
CVNA
TAP
TAP
Q1 26
$373.0M
$209.3M
Q4 25
$857.0M
$238.3M
Q3 25
$151.0M
$-2.9B
Q2 25
$183.0M
$428.7M
Q1 25
$216.0M
$121.0M
Q4 24
$79.0M
$287.8M
Q3 24
$85.0M
$199.8M
Q2 24
$18.0M
$427.0M
Gross Margin
CVNA
CVNA
TAP
TAP
Q1 26
31.0%
Q4 25
18.8%
31.0%
Q3 25
20.3%
33.7%
Q2 25
22.0%
34.3%
Q1 25
22.0%
31.6%
Q4 24
21.5%
32.0%
Q3 24
22.1%
33.4%
Q2 24
21.0%
34.6%
Operating Margin
CVNA
CVNA
TAP
TAP
Q1 26
9.3%
Q4 25
7.6%
10.4%
Q3 25
9.8%
-98.5%
Q2 25
10.6%
15.6%
Q1 25
9.3%
6.9%
Q4 24
7.3%
12.0%
Q3 24
9.2%
12.5%
Q2 24
7.6%
15.6%
Net Margin
CVNA
CVNA
TAP
TAP
Q1 26
8.8%
6.7%
Q4 25
15.3%
7.6%
Q3 25
2.7%
-84.0%
Q2 25
3.8%
11.5%
Q1 25
5.1%
4.5%
Q4 24
2.2%
8.9%
Q3 24
2.3%
5.5%
Q2 24
0.5%
11.1%
EPS (diluted)
CVNA
CVNA
TAP
TAP
Q1 26
$1.22
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

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

Metric
CVNA
CVNA
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$896.5M
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$10.4B
Total Assets
$22.7B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVNA
CVNA
TAP
TAP
Q1 26
$896.5M
Q4 25
$2.3B
$896.5M
Q3 25
$2.1B
$950.2M
Q2 25
$1.9B
$613.8M
Q1 25
$1.9B
$412.7M
Q4 24
$1.7B
$969.3M
Q3 24
$871.0M
$1.0B
Q2 24
$542.0M
$1.6B
Total Debt
CVNA
CVNA
TAP
TAP
Q1 26
$3.9B
Q4 25
$4.9B
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$5.3B
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
CVNA
CVNA
TAP
TAP
Q1 26
$10.4B
Q4 25
$3.4B
$10.2B
Q3 25
$2.3B
$10.3B
Q2 25
$1.7B
$13.4B
Q1 25
$1.5B
$13.1B
Q4 24
$1.3B
$13.1B
Q3 24
$611.0M
$13.3B
Q2 24
$526.0M
$13.2B
Total Assets
CVNA
CVNA
TAP
TAP
Q1 26
$22.7B
Q4 25
$13.2B
$22.7B
Q3 25
$9.9B
$22.9B
Q2 25
$9.4B
$26.8B
Q1 25
$8.9B
$25.9B
Q4 24
$8.5B
$26.1B
Q3 24
$7.4B
$26.6B
Q2 24
$7.2B
$27.4B
Debt / Equity
CVNA
CVNA
TAP
TAP
Q1 26
0.37×
Q4 25
1.43×
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
4.20×
0.47×
Q3 24
0.47×
Q2 24
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
36.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVNA
CVNA
TAP
TAP
Q1 26
Q4 25
$430.0M
$540.7M
Q3 25
$345.0M
$616.1M
Q2 25
$29.0M
$718.3M
Q1 25
$232.0M
$-90.7M
Q4 24
$60.0M
$494.5M
Q3 24
$403.0M
$521.2M
Q2 24
$354.0M
$869.2M
Free Cash Flow
CVNA
CVNA
TAP
TAP
Q1 26
$1.1B
Q4 25
$379.0M
$357.8M
Q3 25
$307.0M
$483.0M
Q2 25
$-2.0M
$555.0M
Q1 25
$205.0M
$-328.0M
Q4 24
$36.0M
$383.4M
Q3 24
$376.0M
$350.4M
Q2 24
$332.0M
$691.7M
FCF Margin
CVNA
CVNA
TAP
TAP
Q1 26
36.5%
Q4 25
6.8%
11.4%
Q3 25
5.4%
13.9%
Q2 25
-0.0%
14.8%
Q1 25
4.8%
-12.2%
Q4 24
1.0%
11.8%
Q3 24
10.3%
9.7%
Q2 24
9.7%
18.0%
Capex Intensity
CVNA
CVNA
TAP
TAP
Q1 26
Q4 25
0.9%
5.9%
Q3 25
0.7%
3.8%
Q2 25
0.6%
4.4%
Q1 25
0.6%
8.8%
Q4 24
0.7%
3.4%
Q3 24
0.7%
4.7%
Q2 24
0.6%
4.6%
Cash Conversion
CVNA
CVNA
TAP
TAP
Q1 26
Q4 25
0.50×
2.27×
Q3 25
2.28×
Q2 25
0.16×
1.68×
Q1 25
1.07×
-0.75×
Q4 24
0.76×
1.72×
Q3 24
4.74×
2.61×
Q2 24
19.67×
2.04×

Financial Flow Comparison

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

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