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Side-by-side financial comparison of Emerson Electric (EMR) 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 $4.3B, roughly 1.3× Emerson Electric). Emerson Electric runs the higher net margin — 13.9% vs 1.1%, a 12.8% gap on every dollar of revenue. On growth, Emerson Electric posted the faster year-over-year revenue change (4.1% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $602.0M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs -0.3%).
Emerson ElectricEMREarnings & Financial Report
Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.
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.
EMR vs KMX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.3B | $5.8B |
| Net Profit | $605.0M | $62.2M |
| Gross Margin | 53.2% | 10.2% |
| Operating Margin | 17.8% | — |
| Net Margin | 13.9% | 1.1% |
| Revenue YoY | 4.1% | -6.9% |
| Net Profit YoY | 3.4% | -50.4% |
| EPS (diluted) | $1.07 | $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 | $4.3B | $5.8B | ||
| Q3 25 | $4.9B | $6.6B | ||
| Q2 25 | $4.6B | $7.5B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $4.2B | $6.2B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $4.4B | $7.1B | ||
| Q1 24 | $4.4B | $5.6B |
| Q4 25 | $605.0M | $62.2M | ||
| Q3 25 | $637.0M | $95.4M | ||
| Q2 25 | $586.0M | $210.4M | ||
| Q1 25 | $485.0M | $89.9M | ||
| Q4 24 | $585.0M | $125.4M | ||
| Q3 24 | $996.0M | $132.8M | ||
| Q2 24 | $329.0M | $152.4M | ||
| Q1 24 | $501.0M | $50.3M |
| Q4 25 | 53.2% | 10.2% | ||
| Q3 25 | 51.9% | 10.9% | ||
| Q2 25 | 52.6% | 11.8% | ||
| Q1 25 | 53.5% | 11.1% | ||
| Q4 24 | 53.5% | 10.9% | ||
| Q3 24 | 51.3% | 10.8% | ||
| Q2 24 | 52.8% | 11.1% | ||
| Q1 24 | 52.2% | 10.4% |
| Q4 25 | 17.8% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 14.2% | 2.0% | ||
| Q4 24 | 18.6% | 2.7% | ||
| Q3 24 | 14.7% | 2.5% | ||
| Q2 24 | 10.4% | 2.9% | ||
| Q1 24 | 16.2% | 1.2% |
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 13.1% | 1.4% | ||
| Q2 25 | 12.9% | 2.8% | ||
| Q1 25 | 10.9% | 1.5% | ||
| Q4 24 | 14.0% | 2.0% | ||
| Q3 24 | 21.6% | 1.9% | ||
| Q2 24 | 7.5% | 2.1% | ||
| Q1 24 | 11.4% | 0.9% |
| Q4 25 | $1.07 | $0.43 | ||
| Q3 25 | $1.12 | $0.64 | ||
| Q2 25 | $1.04 | $1.38 | ||
| Q1 25 | $0.86 | $0.58 | ||
| Q4 24 | $1.02 | $0.81 | ||
| Q3 24 | $1.74 | $0.85 | ||
| Q2 24 | $0.57 | $0.97 | ||
| Q1 24 | $0.87 | $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 | — | $204.9M |
| Total DebtLower is stronger | $7.6B | $16.6B |
| Stockholders' EquityBook value | $20.3B | $6.1B |
| Total Assets | $41.9B | $25.6B |
| Debt / EquityLower = less leverage | 0.37× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $540.4M | ||
| Q2 25 | — | $262.8M | ||
| Q1 25 | — | $247.0M | ||
| Q4 24 | — | $271.9M | ||
| Q3 24 | — | $524.7M | ||
| Q2 24 | — | $218.9M | ||
| Q1 24 | — | $574.1M |
| Q4 25 | $7.6B | $16.6B | ||
| Q3 25 | $8.9B | $17.8B | ||
| Q2 25 | $8.3B | $18.0B | ||
| Q1 25 | $8.2B | $18.1B | ||
| Q4 24 | $6.6B | $18.1B | ||
| Q3 24 | $7.7B | $18.1B | ||
| Q2 24 | $7.1B | $18.2B | ||
| Q1 24 | $7.6B | $18.0B |
| Q4 25 | $20.3B | $6.1B | ||
| Q3 25 | $20.3B | $6.2B | ||
| Q2 25 | $19.9B | $6.3B | ||
| Q1 25 | $19.2B | $6.2B | ||
| Q4 24 | $20.5B | $6.2B | ||
| Q3 24 | $21.6B | $6.2B | ||
| Q2 24 | $20.8B | $6.2B | ||
| Q1 24 | $20.9B | $6.1B |
| Q4 25 | $41.9B | $25.6B | ||
| Q3 25 | $42.0B | $27.1B | ||
| Q2 25 | $42.5B | $27.4B | ||
| Q1 25 | $42.0B | $27.4B | ||
| Q4 24 | $42.6B | $27.3B | ||
| Q3 24 | $44.2B | $27.3B | ||
| Q2 24 | $45.6B | $27.2B | ||
| Q1 24 | $46.4B | $27.2B |
| Q4 25 | 0.37× | 2.74× | ||
| Q3 25 | 0.44× | 2.87× | ||
| Q2 25 | 0.42× | 2.86× | ||
| Q1 25 | 0.42× | 2.91× | ||
| Q4 24 | 0.32× | 2.92× | ||
| Q3 24 | 0.36× | 2.93× | ||
| Q2 24 | 0.34× | 2.95× | ||
| Q1 24 | 0.36× | 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 | $699.0M | $1.3B |
| Free Cash FlowOCF − Capex | $602.0M | $1.1B |
| FCF MarginFCF / Revenue | 13.9% | 19.2% |
| Capex IntensityCapex / Revenue | 2.2% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.16× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $4.4B | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $699.0M | $1.3B | ||
| Q3 25 | $3.1B | $785.5M | ||
| Q2 25 | $1.1B | $299.5M | ||
| Q1 25 | $241.0M | $146.4M | ||
| Q4 24 | $777.0M | $-23.4M | ||
| Q3 24 | $3.3B | $619.1M | ||
| Q2 24 | $1.1B | $-117.7M | ||
| Q1 24 | $743.0M | $309.6M |
| Q4 25 | $602.0M | $1.1B | ||
| Q3 25 | $2.7B | $654.0M | ||
| Q2 25 | $977.0M | $162.8M | ||
| Q1 25 | $154.0M | $18.8M | ||
| Q4 24 | $694.0M | $-150.6M | ||
| Q3 24 | $2.9B | $509.9M | ||
| Q2 24 | $998.0M | $-221.6M | ||
| Q1 24 | $661.0M | $199.8M |
| Q4 25 | 13.9% | 19.2% | ||
| Q3 25 | 54.9% | 9.9% | ||
| Q2 25 | 21.5% | 2.2% | ||
| Q1 25 | 3.5% | 0.3% | ||
| Q4 24 | 16.6% | -2.4% | ||
| Q3 24 | 63.1% | 7.3% | ||
| Q2 24 | 22.8% | -3.1% | ||
| Q1 24 | 15.1% | 3.6% |
| Q4 25 | 2.2% | 2.4% | ||
| Q3 25 | 8.9% | 2.0% | ||
| Q2 25 | 2.0% | 1.8% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 2.0% | 2.0% | ||
| Q3 24 | 9.1% | 1.6% | ||
| Q2 24 | 2.1% | 1.5% | ||
| Q1 24 | 1.9% | 2.0% |
| Q4 25 | 1.16× | 20.14× | ||
| Q3 25 | 4.86× | 8.24× | ||
| Q2 25 | 1.83× | 1.42× | ||
| Q1 25 | 0.50× | 1.63× | ||
| Q4 24 | 1.33× | -0.19× | ||
| Q3 24 | 3.35× | 4.66× | ||
| Q2 24 | 3.31× | -0.77× | ||
| Q1 24 | 1.48× | 6.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
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% |
