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Side-by-side financial comparison of Consolidated Edison (ED) 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 $4.0B, roughly 1.5× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 1.1%, a 6.4% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs -6.9%). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
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.
ED vs KMX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $5.8B |
| Net Profit | $298.0M | $62.2M |
| Gross Margin | — | 10.2% |
| Operating Margin | 12.3% | — |
| Net Margin | 7.5% | 1.1% |
| Revenue YoY | 8.2% | -6.9% |
| Net Profit YoY | -3.9% | -50.4% |
| EPS (diluted) | $0.81 | $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 | $4.0B | $5.8B | ||
| Q3 25 | $4.6B | $6.6B | ||
| Q2 25 | $3.6B | $7.5B | ||
| Q1 25 | $4.9B | $6.0B | ||
| Q4 24 | $3.7B | $6.2B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $3.3B | $7.1B | ||
| Q1 24 | $4.3B | $5.6B |
| Q4 25 | $298.0M | $62.2M | ||
| Q3 25 | $688.0M | $95.4M | ||
| Q2 25 | $246.0M | $210.4M | ||
| Q1 25 | $791.0M | $89.9M | ||
| Q4 24 | $310.0M | $125.4M | ||
| Q3 24 | $588.0M | $132.8M | ||
| Q2 24 | $202.0M | $152.4M | ||
| Q1 24 | $720.0M | $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 | 12.3% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 23.0% | 2.0% | ||
| Q4 24 | 13.0% | 2.7% | ||
| Q3 24 | 20.4% | 2.5% | ||
| Q2 24 | 9.7% | 2.9% | ||
| Q1 24 | 23.6% | 1.2% |
| Q4 25 | 7.5% | 1.1% | ||
| Q3 25 | 15.1% | 1.4% | ||
| Q2 25 | 6.8% | 2.8% | ||
| Q1 25 | 16.2% | 1.5% | ||
| Q4 24 | 8.5% | 2.0% | ||
| Q3 24 | 13.9% | 1.9% | ||
| Q2 24 | 6.1% | 2.1% | ||
| Q1 24 | 16.8% | 0.9% |
| Q4 25 | $0.81 | $0.43 | ||
| Q3 25 | $1.90 | $0.64 | ||
| Q2 25 | $0.68 | $1.38 | ||
| Q1 25 | $2.25 | $0.58 | ||
| Q4 24 | $0.89 | $0.81 | ||
| Q3 24 | $1.69 | $0.85 | ||
| Q2 24 | $0.58 | $0.97 | ||
| Q1 24 | $2.08 | $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 | $1.6B | $204.9M |
| Total DebtLower is stronger | $25.8B | $16.6B |
| Stockholders' EquityBook value | $24.2B | $6.1B |
| Total Assets | $74.6B | $25.6B |
| Debt / EquityLower = less leverage | 1.07× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $204.9M | ||
| Q3 25 | $181.0M | $540.4M | ||
| Q2 25 | $1.5B | $262.8M | ||
| Q1 25 | $360.0M | $247.0M | ||
| Q4 24 | $1.3B | $271.9M | ||
| Q3 24 | $93.0M | $524.7M | ||
| Q2 24 | $1.5B | $218.9M | ||
| Q1 24 | $169.0M | $574.1M |
| Q4 25 | $25.8B | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | $24.7B | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
| Q4 25 | $24.2B | $6.1B | ||
| Q3 25 | $24.2B | $6.2B | ||
| Q2 25 | $23.8B | $6.3B | ||
| Q1 25 | $23.8B | $6.2B | ||
| Q4 24 | $22.0B | $6.2B | ||
| Q3 24 | $21.9B | $6.2B | ||
| Q2 24 | $21.6B | $6.2B | ||
| Q1 24 | $21.6B | $6.1B |
| Q4 25 | $74.6B | $25.6B | ||
| Q3 25 | $71.8B | $27.1B | ||
| Q2 25 | $71.5B | $27.4B | ||
| Q1 25 | $70.7B | $27.4B | ||
| Q4 24 | $70.6B | $27.3B | ||
| Q3 24 | $68.6B | $27.3B | ||
| Q2 24 | $67.9B | $27.2B | ||
| Q1 24 | $66.7B | $27.2B |
| Q4 25 | 1.07× | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | 1.13× | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 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 | $1.5B | $1.3B |
| Free Cash FlowOCF − Capex | — | $1.1B |
| FCF MarginFCF / Revenue | — | 19.2% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 4.97× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $504.0M | $785.5M | ||
| Q2 25 | $2.0B | $299.5M | ||
| Q1 25 | $837.0M | $146.4M | ||
| Q4 24 | $1.3B | $-23.4M | ||
| Q3 24 | $392.0M | $619.1M | ||
| Q2 24 | $1.3B | $-117.7M | ||
| Q1 24 | $573.0M | $309.6M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $654.0M | ||
| Q2 25 | — | $162.8M | ||
| Q1 25 | — | $18.8M | ||
| Q4 24 | — | $-150.6M | ||
| Q3 24 | — | $509.9M | ||
| Q2 24 | — | $-221.6M | ||
| Q1 24 | — | $199.8M |
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -3.1% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 4.97× | 20.14× | ||
| Q3 25 | 0.73× | 8.24× | ||
| Q2 25 | 8.04× | 1.42× | ||
| Q1 25 | 1.06× | 1.63× | ||
| Q4 24 | 4.23× | -0.19× | ||
| Q3 24 | 0.67× | 4.66× | ||
| Q2 24 | 6.63× | -0.77× | ||
| Q1 24 | 0.80× | 6.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
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% |
