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Side-by-side financial comparison of CarMax (KMX) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $3.8B, roughly 1.5× Stanley Black & Decker). Stanley Black & Decker runs the higher net margin — 1.4% vs 1.1%, a 0.3% gap on every dollar of revenue. On growth, Stanley Black & Decker posted the faster year-over-year revenue change (0.1% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $155.3M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs 0.3%).
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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
KMX vs SWK — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $3.8B |
| Net Profit | $62.2M | $51.4M |
| Gross Margin | 10.2% | 31.4% |
| Operating Margin | — | — |
| Net Margin | 1.1% | 1.4% |
| Revenue YoY | -6.9% | 0.1% |
| Net Profit YoY | -50.4% | -43.6% |
| EPS (diluted) | $0.43 | $0.34 |
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 | $5.8B | — | ||
| Q3 25 | $6.6B | $3.8B | ||
| Q2 25 | $7.5B | $3.9B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $6.2B | $3.7B | ||
| Q3 24 | $7.0B | $3.8B | ||
| Q2 24 | $7.1B | $4.0B | ||
| Q1 24 | $5.6B | $3.9B |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $95.4M | $51.4M | ||
| Q2 25 | $210.4M | $101.9M | ||
| Q1 25 | $89.9M | $90.4M | ||
| Q4 24 | $125.4M | $194.9M | ||
| Q3 24 | $132.8M | $91.1M | ||
| Q2 24 | $152.4M | $-11.2M | ||
| Q1 24 | $50.3M | $19.5M |
| Q4 25 | 10.2% | — | ||
| Q3 25 | 10.9% | 31.4% | ||
| Q2 25 | 11.8% | 27.0% | ||
| Q1 25 | 11.1% | 29.9% | ||
| Q4 24 | 10.9% | 30.8% | ||
| Q3 24 | 10.8% | 29.9% | ||
| Q2 24 | 11.1% | 28.4% | ||
| Q1 24 | 10.4% | 28.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.7% | 3.4% | ||
| Q3 24 | 2.5% | 10.6% | ||
| Q2 24 | 2.9% | 9.5% | ||
| Q1 24 | 1.2% | 8.3% |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 2.8% | 2.6% | ||
| Q1 25 | 1.5% | 2.4% | ||
| Q4 24 | 2.0% | 5.2% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.1% | -0.3% | ||
| Q1 24 | 0.9% | 0.5% |
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.64 | $0.34 | ||
| Q2 25 | $1.38 | $0.67 | ||
| Q1 25 | $0.58 | $0.60 | ||
| Q4 24 | $0.81 | $1.29 | ||
| Q3 24 | $0.85 | $0.60 | ||
| Q2 24 | $0.97 | $-0.07 | ||
| Q1 24 | $0.31 | $0.13 |
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 | $268.3M |
| Total DebtLower is stronger | $16.6B | $5.3B |
| Stockholders' EquityBook value | $6.1B | $9.0B |
| Total Assets | $25.6B | $21.8B |
| Debt / EquityLower = less leverage | 2.74× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.9M | — | ||
| Q3 25 | $540.4M | $268.3M | ||
| Q2 25 | $262.8M | $311.8M | ||
| Q1 25 | $247.0M | $344.8M | ||
| Q4 24 | $271.9M | $290.5M | ||
| Q3 24 | $524.7M | $298.7M | ||
| Q2 24 | $218.9M | $318.5M | ||
| Q1 24 | $574.1M | $476.6M |
| Q4 25 | $16.6B | — | ||
| Q3 25 | $17.8B | $5.3B | ||
| Q2 25 | $18.0B | $5.6B | ||
| Q1 25 | $18.1B | $5.6B | ||
| Q4 24 | $18.1B | $6.1B | ||
| Q3 24 | $18.1B | $6.1B | ||
| Q2 24 | $18.2B | $6.1B | ||
| Q1 24 | $18.0B | $6.1B |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | $9.0B | ||
| Q2 25 | $6.3B | $9.1B | ||
| Q1 25 | $6.2B | $8.8B | ||
| Q4 24 | $6.2B | $8.7B | ||
| Q3 24 | $6.2B | $8.9B | ||
| Q2 24 | $6.2B | $8.7B | ||
| Q1 24 | $6.1B | $8.9B |
| Q4 25 | $25.6B | — | ||
| Q3 25 | $27.1B | $21.8B | ||
| Q2 25 | $27.4B | $22.5B | ||
| Q1 25 | $27.4B | $22.5B | ||
| Q4 24 | $27.3B | $21.8B | ||
| Q3 24 | $27.3B | $22.5B | ||
| Q2 24 | $27.2B | $22.5B | ||
| Q1 24 | $27.2B | $23.9B |
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.87× | 0.59× | ||
| Q2 25 | 2.86× | 0.62× | ||
| Q1 25 | 2.91× | 0.63× | ||
| Q4 24 | 2.92× | 0.70× | ||
| Q3 24 | 2.93× | 0.69× | ||
| Q2 24 | 2.95× | 0.70× | ||
| Q1 24 | 2.96× | 0.69× |
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 | $221.2M |
| Free Cash FlowOCF − Capex | $1.1B | $155.3M |
| FCF MarginFCF / Revenue | 19.2% | 4.1% |
| Capex IntensityCapex / Revenue | 2.4% | 1.8% |
| Cash ConversionOCF / Net Profit | 20.14× | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | $1.9B | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $785.5M | $221.2M | ||
| Q2 25 | $299.5M | $214.3M | ||
| Q1 25 | $146.4M | $-420.0M | ||
| Q4 24 | $-23.4M | $679.1M | ||
| Q3 24 | $619.1M | $285.8M | ||
| Q2 24 | $-117.7M | $573.0M | ||
| Q1 24 | $309.6M | $-431.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $654.0M | $155.3M | ||
| Q2 25 | $162.8M | $134.7M | ||
| Q1 25 | $18.8M | $-485.0M | ||
| Q4 24 | $-150.6M | $564.6M | ||
| Q3 24 | $509.9M | $199.3M | ||
| Q2 24 | $-221.6M | $485.8M | ||
| Q1 24 | $199.8M | $-496.7M |
| Q4 25 | 19.2% | — | ||
| Q3 25 | 9.9% | 4.1% | ||
| Q2 25 | 2.2% | 3.4% | ||
| Q1 25 | 0.3% | -13.0% | ||
| Q4 24 | -2.4% | 15.2% | ||
| Q3 24 | 7.3% | 5.3% | ||
| Q2 24 | -3.1% | 12.1% | ||
| Q1 24 | 3.6% | -12.8% |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.0% | 1.8% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 2.1% | 1.7% | ||
| Q4 24 | 2.0% | 3.1% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 2.0% | 1.7% |
| Q4 25 | 20.14× | — | ||
| Q3 25 | 8.24× | 4.30× | ||
| Q2 25 | 1.42× | 2.10× | ||
| Q1 25 | 1.63× | -4.65× | ||
| Q4 24 | -0.19× | 3.48× | ||
| Q3 24 | 4.66× | 3.14× | ||
| Q2 24 | -0.77× | — | ||
| Q1 24 | 6.16× | -22.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
