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Side-by-side financial comparison of GE HealthCare (GEHC) 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 $5.1B, roughly 1.1× GE HealthCare). GE HealthCare runs the higher net margin — 8.0% vs 1.1%, a 6.9% gap on every dollar of revenue. On growth, GE HealthCare posted the faster year-over-year revenue change (7.4% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $112.0M). Over the past eight quarters, GE HealthCare's revenue compounded faster (3.0% CAGR vs 1.5%).
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
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.
GEHC vs KMX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $5.8B |
| Net Profit | $411.0M | $62.2M |
| Gross Margin | 38.5% | 10.2% |
| Operating Margin | 10.0% | — |
| Net Margin | 8.0% | 1.1% |
| Revenue YoY | 7.4% | -6.9% |
| Net Profit YoY | -31.0% | -50.4% |
| EPS (diluted) | $0.85 | $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.
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.7B | $5.8B | ||
| Q3 25 | $5.1B | $6.6B | ||
| Q2 25 | $5.0B | $7.5B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $5.3B | $6.2B | ||
| Q3 24 | $4.9B | $7.0B | ||
| Q2 24 | $4.8B | $7.1B |
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $62.2M | ||
| Q3 25 | $446.0M | $95.4M | ||
| Q2 25 | $486.0M | $210.4M | ||
| Q1 25 | $564.0M | $89.9M | ||
| Q4 24 | $721.0M | $125.4M | ||
| Q3 24 | $470.0M | $132.8M | ||
| Q2 24 | $428.0M | $152.4M |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | 10.2% | ||
| Q3 25 | 38.7% | 10.9% | ||
| Q2 25 | 39.6% | 11.8% | ||
| Q1 25 | 42.1% | 11.1% | ||
| Q4 24 | 42.8% | 10.9% | ||
| Q3 24 | 41.7% | 10.8% | ||
| Q2 24 | 41.4% | 11.1% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 13.2% | 2.0% | ||
| Q4 24 | 15.1% | 2.7% | ||
| Q3 24 | 13.9% | 2.5% | ||
| Q2 24 | 12.6% | 2.9% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 1.1% | ||
| Q3 25 | 8.7% | 1.4% | ||
| Q2 25 | 9.7% | 2.8% | ||
| Q1 25 | 11.8% | 1.5% | ||
| Q4 24 | 13.6% | 2.0% | ||
| Q3 24 | 9.7% | 1.9% | ||
| Q2 24 | 8.8% | 2.1% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $0.43 | ||
| Q3 25 | $0.98 | $0.64 | ||
| Q2 25 | $1.06 | $1.38 | ||
| Q1 25 | $1.23 | $0.58 | ||
| Q4 24 | $1.58 | $0.81 | ||
| Q3 24 | $1.02 | $0.85 | ||
| Q2 24 | $0.93 | $0.97 |
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 | $10.1B | $16.6B |
| Stockholders' EquityBook value | $10.7B | $6.1B |
| Total Assets | $37.1B | $25.6B |
| Debt / EquityLower = less leverage | 0.95× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $204.9M | ||
| Q3 25 | $4.0B | $540.4M | ||
| Q2 25 | $3.7B | $262.8M | ||
| Q1 25 | $2.5B | $247.0M | ||
| Q4 24 | $2.9B | $271.9M | ||
| Q3 24 | $3.5B | $524.7M | ||
| Q2 24 | $2.0B | $218.9M |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | $16.6B | ||
| Q3 25 | $10.3B | $17.8B | ||
| Q2 25 | $10.3B | $18.0B | ||
| Q1 25 | $8.8B | $18.1B | ||
| Q4 24 | $9.0B | $18.1B | ||
| Q3 24 | $10.3B | $18.1B | ||
| Q2 24 | $9.2B | $18.2B |
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $6.1B | ||
| Q3 25 | $10.0B | $6.2B | ||
| Q2 25 | $9.7B | $6.3B | ||
| Q1 25 | $9.2B | $6.2B | ||
| Q4 24 | $8.4B | $6.2B | ||
| Q3 24 | $8.3B | $6.2B | ||
| Q2 24 | $7.8B | $6.2B |
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $25.6B | ||
| Q3 25 | $36.1B | $27.1B | ||
| Q2 25 | $35.5B | $27.4B | ||
| Q1 25 | $33.6B | $27.4B | ||
| Q4 24 | $33.1B | $27.3B | ||
| Q3 24 | $33.9B | $27.3B | ||
| Q2 24 | $31.9B | $27.2B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | 2.74× | ||
| Q3 25 | 1.03× | 2.87× | ||
| Q2 25 | 1.06× | 2.86× | ||
| Q1 25 | 0.95× | 2.91× | ||
| Q4 24 | 1.06× | 2.92× | ||
| Q3 24 | 1.24× | 2.93× | ||
| Q2 24 | 1.18× | 2.95× |
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 | — | $1.3B |
| Free Cash FlowOCF − Capex | $112.0M | $1.1B |
| FCF MarginFCF / Revenue | 2.2% | 19.2% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $785.5M | ||
| Q2 25 | $94.0M | $299.5M | ||
| Q1 25 | $250.0M | $146.4M | ||
| Q4 24 | — | $-23.4M | ||
| Q3 24 | — | $619.1M | ||
| Q2 24 | $-119.0M | $-117.7M |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $654.0M | ||
| Q2 25 | $8.0M | $162.8M | ||
| Q1 25 | $98.0M | $18.8M | ||
| Q4 24 | — | $-150.6M | ||
| Q3 24 | — | $509.9M | ||
| Q2 24 | $-183.0M | $-221.6M |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 2.1% | 0.3% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | -3.8% | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.4% | ||
| Q3 25 | 2.1% | 2.0% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | 3.2% | 2.1% | ||
| Q4 24 | 1.9% | 2.0% | ||
| Q3 24 | 1.9% | 1.6% | ||
| Q2 24 | 1.3% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.14× | ||
| Q3 25 | — | 8.24× | ||
| Q2 25 | 0.19× | 1.42× | ||
| Q1 25 | 0.44× | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | -0.28× | -0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 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% |
