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Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) 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 $30.8M, roughly 188.3× INNEOVA Holdings Ltd). CarMax runs the higher net margin — 1.1% vs 0.8%, a 0.3% gap on every dollar of revenue. CarMax produced more free cash flow last quarter ($1.1B vs $-1.5M).

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.

INEO vs KMX — Head-to-Head

Bigger by revenue
KMX
KMX
188.3× larger
KMX
$5.8B
$30.8M
INEO
Higher net margin
KMX
KMX
0.3% more per $
KMX
1.1%
0.8%
INEO
More free cash flow
KMX
KMX
$1.1B more FCF
KMX
$1.1B
$-1.5M
INEO

Income Statement — Q2 2025 vs Q3 2026

Metric
INEO
INEO
KMX
KMX
Revenue
$30.8M
$5.8B
Net Profit
$243.0K
$62.2M
Gross Margin
19.3%
10.2%
Operating Margin
3.6%
Net Margin
0.8%
1.1%
Revenue YoY
-6.9%
Net Profit YoY
-50.4%
EPS (diluted)
$0.02
$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.

Revenue
INEO
INEO
KMX
KMX
Q4 25
$5.8B
Q3 25
$6.6B
Q2 25
$30.8M
$7.5B
Q1 25
$6.0B
Q4 24
$6.2B
Q3 24
$7.0B
Q2 24
$27.9K
$7.1B
Q1 24
$5.6B
Net Profit
INEO
INEO
KMX
KMX
Q4 25
$62.2M
Q3 25
$95.4M
Q2 25
$243.0K
$210.4M
Q1 25
$89.9M
Q4 24
$125.4M
Q3 24
$132.8M
Q2 24
$1.7K
$152.4M
Q1 24
$50.3M
Gross Margin
INEO
INEO
KMX
KMX
Q4 25
10.2%
Q3 25
10.9%
Q2 25
19.3%
11.8%
Q1 25
11.1%
Q4 24
10.9%
Q3 24
10.8%
Q2 24
20.8%
11.1%
Q1 24
10.4%
Operating Margin
INEO
INEO
KMX
KMX
Q4 25
Q3 25
Q2 25
3.6%
Q1 25
2.0%
Q4 24
2.7%
Q3 24
2.5%
Q2 24
6.4%
2.9%
Q1 24
1.2%
Net Margin
INEO
INEO
KMX
KMX
Q4 25
1.1%
Q3 25
1.4%
Q2 25
0.8%
2.8%
Q1 25
1.5%
Q4 24
2.0%
Q3 24
1.9%
Q2 24
6.0%
2.1%
Q1 24
0.9%
EPS (diluted)
INEO
INEO
KMX
KMX
Q4 25
$0.43
Q3 25
$0.64
Q2 25
$0.02
$1.38
Q1 25
$0.58
Q4 24
$0.81
Q3 24
$0.85
Q2 24
$0.97
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
INEO
INEO
KMX
KMX
Cash + ST InvestmentsLiquidity on hand
$2.1M
$204.9M
Total DebtLower is stronger
$2.9M
$16.6B
Stockholders' EquityBook value
$11.2M
$6.1B
Total Assets
$52.6M
$25.6B
Debt / EquityLower = less leverage
0.26×
2.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
KMX
KMX
Q4 25
$204.9M
Q3 25
$540.4M
Q2 25
$2.1M
$262.8M
Q1 25
$247.0M
Q4 24
$271.9M
Q3 24
$524.7M
Q2 24
$690
$218.9M
Q1 24
$574.1M
Total Debt
INEO
INEO
KMX
KMX
Q4 25
$16.6B
Q3 25
$17.8B
Q2 25
$2.9M
$18.0B
Q1 25
$18.1B
Q4 24
$18.1B
Q3 24
$18.1B
Q2 24
$18.2B
Q1 24
$18.0B
Stockholders' Equity
INEO
INEO
KMX
KMX
Q4 25
$6.1B
Q3 25
$6.2B
Q2 25
$11.2M
$6.3B
Q1 25
$6.2B
Q4 24
$6.2B
Q3 24
$6.2B
Q2 24
$2.9K
$6.2B
Q1 24
$6.1B
Total Assets
INEO
INEO
KMX
KMX
Q4 25
$25.6B
Q3 25
$27.1B
Q2 25
$52.6M
$27.4B
Q1 25
$27.4B
Q4 24
$27.3B
Q3 24
$27.3B
Q2 24
$39.1K
$27.2B
Q1 24
$27.2B
Debt / Equity
INEO
INEO
KMX
KMX
Q4 25
2.74×
Q3 25
2.87×
Q2 25
0.26×
2.86×
Q1 25
2.91×
Q4 24
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
INEO
INEO
KMX
KMX
Operating Cash FlowLast quarter
$-301.0K
$1.3B
Free Cash FlowOCF − Capex
$-1.5M
$1.1B
FCF MarginFCF / Revenue
-4.8%
19.2%
Capex IntensityCapex / Revenue
3.8%
2.4%
Cash ConversionOCF / Net Profit
-1.24×
20.14×
TTM Free Cash FlowTrailing 4 quarters
$1.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
KMX
KMX
Q4 25
$1.3B
Q3 25
$785.5M
Q2 25
$-301.0K
$299.5M
Q1 25
$146.4M
Q4 24
$-23.4M
Q3 24
$619.1M
Q2 24
$1.2K
$-117.7M
Q1 24
$309.6M
Free Cash Flow
INEO
INEO
KMX
KMX
Q4 25
$1.1B
Q3 25
$654.0M
Q2 25
$-1.5M
$162.8M
Q1 25
$18.8M
Q4 24
$-150.6M
Q3 24
$509.9M
Q2 24
$217
$-221.6M
Q1 24
$199.8M
FCF Margin
INEO
INEO
KMX
KMX
Q4 25
19.2%
Q3 25
9.9%
Q2 25
-4.8%
2.2%
Q1 25
0.3%
Q4 24
-2.4%
Q3 24
7.3%
Q2 24
0.8%
-3.1%
Q1 24
3.6%
Capex Intensity
INEO
INEO
KMX
KMX
Q4 25
2.4%
Q3 25
2.0%
Q2 25
3.8%
1.8%
Q1 25
2.1%
Q4 24
2.0%
Q3 24
1.6%
Q2 24
3.4%
1.5%
Q1 24
2.0%
Cash Conversion
INEO
INEO
KMX
KMX
Q4 25
20.14×
Q3 25
8.24×
Q2 25
-1.24×
1.42×
Q1 25
1.63×
Q4 24
-0.19×
Q3 24
4.66×
Q2 24
0.69×
-0.77×
Q1 24
6.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INEO
INEO

Segment breakdown not available.

KMX
KMX

Used Vehicles$4.5B78%
Wholesale Vehicles$1.1B19%
Other$150.6M3%
Extendedprotectionplan Domain$96.6M2%
Advertising Subscription Revenues Domain$35.1M1%
Service Domain$18.5M0%
Thirdpartyfinancefees Domain$3.0M0%

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