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Side-by-side financial comparison of CarMax (KMX) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $3.1B, roughly 1.9× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 1.1%, a 6.5% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (-3.6% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $357.8M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
KMX vs TAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $3.1B |
| Net Profit | $62.2M | $238.3M |
| Gross Margin | 10.2% | 31.0% |
| Operating Margin | — | 10.4% |
| Net Margin | 1.1% | 7.6% |
| Revenue YoY | -6.9% | -3.6% |
| Net Profit YoY | -50.4% | -17.2% |
| EPS (diluted) | $0.43 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $6.6B | $3.5B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $6.0B | $2.7B | ||
| Q4 24 | $6.2B | $3.2B | ||
| Q3 24 | $7.0B | $3.6B | ||
| Q2 24 | $7.1B | $3.8B | ||
| Q1 24 | $5.6B | $3.0B |
| Q4 25 | $62.2M | $238.3M | ||
| Q3 25 | $95.4M | $-2.9B | ||
| Q2 25 | $210.4M | $428.7M | ||
| Q1 25 | $89.9M | $121.0M | ||
| Q4 24 | $125.4M | $287.8M | ||
| Q3 24 | $132.8M | $199.8M | ||
| Q2 24 | $152.4M | $427.0M | ||
| Q1 24 | $50.3M | $207.8M |
| Q4 25 | 10.2% | 31.0% | ||
| Q3 25 | 10.9% | 33.7% | ||
| Q2 25 | 11.8% | 34.3% | ||
| Q1 25 | 11.1% | 31.6% | ||
| Q4 24 | 10.9% | 32.0% | ||
| Q3 24 | 10.8% | 33.4% | ||
| Q2 24 | 11.1% | 34.6% | ||
| Q1 24 | 10.4% | 31.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | -98.5% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | 2.0% | 6.9% | ||
| Q4 24 | 2.7% | 12.0% | ||
| Q3 24 | 2.5% | 12.5% | ||
| Q2 24 | 2.9% | 15.6% | ||
| Q1 24 | 1.2% | 10.3% |
| Q4 25 | 1.1% | 7.6% | ||
| Q3 25 | 1.4% | -84.0% | ||
| Q2 25 | 2.8% | 11.5% | ||
| Q1 25 | 1.5% | 4.5% | ||
| Q4 24 | 2.0% | 8.9% | ||
| Q3 24 | 1.9% | 5.5% | ||
| Q2 24 | 2.1% | 11.1% | ||
| Q1 24 | 0.9% | 6.8% |
| Q4 25 | $0.43 | $1.32 | ||
| Q3 25 | $0.64 | $-14.79 | ||
| Q2 25 | $1.38 | $2.13 | ||
| Q1 25 | $0.58 | $0.59 | ||
| Q4 24 | $0.81 | $1.39 | ||
| Q3 24 | $0.85 | $0.96 | ||
| Q2 24 | $0.97 | $2.03 | ||
| Q1 24 | $0.31 | $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 | $896.5M |
| Total DebtLower is stronger | $16.6B | $6.3B |
| Stockholders' EquityBook value | $6.1B | $10.2B |
| Total Assets | $25.6B | $22.7B |
| Debt / EquityLower = less leverage | 2.74× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.9M | $896.5M | ||
| Q3 25 | $540.4M | $950.2M | ||
| Q2 25 | $262.8M | $613.8M | ||
| Q1 25 | $247.0M | $412.7M | ||
| Q4 24 | $271.9M | $969.3M | ||
| Q3 24 | $524.7M | $1.0B | ||
| Q2 24 | $218.9M | $1.6B | ||
| Q1 24 | $574.1M | $458.4M |
| Q4 25 | $16.6B | $6.3B | ||
| Q3 25 | $17.8B | $6.3B | ||
| Q2 25 | $18.0B | $6.3B | ||
| Q1 25 | $18.1B | $6.2B | ||
| Q4 24 | $18.1B | $6.1B | ||
| Q3 24 | $18.1B | $6.2B | ||
| Q2 24 | $18.2B | $7.0B | ||
| Q1 24 | $18.0B | $6.2B |
| Q4 25 | $6.1B | $10.2B | ||
| Q3 25 | $6.2B | $10.3B | ||
| Q2 25 | $6.3B | $13.4B | ||
| Q1 25 | $6.2B | $13.1B | ||
| Q4 24 | $6.2B | $13.1B | ||
| Q3 24 | $6.2B | $13.3B | ||
| Q2 24 | $6.2B | $13.2B | ||
| Q1 24 | $6.1B | $13.1B |
| Q4 25 | $25.6B | $22.7B | ||
| Q3 25 | $27.1B | $22.9B | ||
| Q2 25 | $27.4B | $26.8B | ||
| Q1 25 | $27.4B | $25.9B | ||
| Q4 24 | $27.3B | $26.1B | ||
| Q3 24 | $27.3B | $26.6B | ||
| Q2 24 | $27.2B | $27.4B | ||
| Q1 24 | $27.2B | $26.1B |
| Q4 25 | 2.74× | 0.61× | ||
| Q3 25 | 2.87× | 0.61× | ||
| Q2 25 | 2.86× | 0.47× | ||
| Q1 25 | 2.91× | 0.47× | ||
| Q4 24 | 2.92× | 0.47× | ||
| Q3 24 | 2.93× | 0.47× | ||
| Q2 24 | 2.95× | 0.53× | ||
| Q1 24 | 2.96× | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $1.1B | $357.8M |
| FCF MarginFCF / Revenue | 19.2% | 11.4% |
| Capex IntensityCapex / Revenue | 2.4% | 5.9% |
| Cash ConversionOCF / Net Profit | 20.14× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.9B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $540.7M | ||
| Q3 25 | $785.5M | $616.1M | ||
| Q2 25 | $299.5M | $718.3M | ||
| Q1 25 | $146.4M | $-90.7M | ||
| Q4 24 | $-23.4M | $494.5M | ||
| Q3 24 | $619.1M | $521.2M | ||
| Q2 24 | $-117.7M | $869.2M | ||
| Q1 24 | $309.6M | $25.4M |
| Q4 25 | $1.1B | $357.8M | ||
| Q3 25 | $654.0M | $483.0M | ||
| Q2 25 | $162.8M | $555.0M | ||
| Q1 25 | $18.8M | $-328.0M | ||
| Q4 24 | $-150.6M | $383.4M | ||
| Q3 24 | $509.9M | $350.4M | ||
| Q2 24 | $-221.6M | $691.7M | ||
| Q1 24 | $199.8M | $-189.3M |
| Q4 25 | 19.2% | 11.4% | ||
| Q3 25 | 9.9% | 13.9% | ||
| Q2 25 | 2.2% | 14.8% | ||
| Q1 25 | 0.3% | -12.2% | ||
| Q4 24 | -2.4% | 11.8% | ||
| Q3 24 | 7.3% | 9.7% | ||
| Q2 24 | -3.1% | 18.0% | ||
| Q1 24 | 3.6% | -6.2% |
| Q4 25 | 2.4% | 5.9% | ||
| Q3 25 | 2.0% | 3.8% | ||
| Q2 25 | 1.8% | 4.4% | ||
| Q1 25 | 2.1% | 8.8% | ||
| Q4 24 | 2.0% | 3.4% | ||
| Q3 24 | 1.6% | 4.7% | ||
| Q2 24 | 1.5% | 4.6% | ||
| Q1 24 | 2.0% | 7.0% |
| Q4 25 | 20.14× | 2.27× | ||
| Q3 25 | 8.24× | — | ||
| Q2 25 | 1.42× | 1.68× | ||
| Q1 25 | 1.63× | -0.75× | ||
| Q4 24 | -0.19× | 1.72× | ||
| Q3 24 | 4.66× | 2.61× | ||
| Q2 24 | -0.77× | 2.04× | ||
| Q1 24 | 6.16× | 0.12× |
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% |
TAP
Segment breakdown not available.
