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Side-by-side financial comparison of CarMax (KMX) and 17 Education & Technology Group Inc. (YQ). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $387.9K, roughly 14935.9× 17 Education & Technology Group Inc.). CarMax runs the higher net margin — 1.1% vs -222.4%, a 223.5% gap on every dollar of revenue. Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs -45.7%).
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.
McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...
KMX vs YQ — Head-to-Head
Income Statement — Q3 2026 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $387.9K |
| Net Profit | $62.2M | $-862.6K |
| Gross Margin | 10.2% | 51.2% |
| Operating Margin | — | -233.1% |
| Net Margin | 1.1% | -222.4% |
| Revenue YoY | -6.9% | — |
| Net Profit YoY | -50.4% | — |
| EPS (diluted) | $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 | $5.8B | — | ||
| Q3 25 | $6.6B | $387.9K | ||
| Q2 25 | $7.5B | $489.5K | ||
| Q1 25 | $6.0B | $412.1K | ||
| Q4 24 | $6.2B | — | ||
| Q3 24 | $7.0B | $1.2M | ||
| Q2 24 | $7.1B | $1.3M | ||
| Q1 24 | $5.6B | $487.4K |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $95.4M | $-862.6K | ||
| Q2 25 | $210.4M | $-499.8K | ||
| Q1 25 | $89.9M | $-588.4K | ||
| Q4 24 | $125.4M | — | ||
| Q3 24 | $132.8M | $-342.2K | ||
| Q2 24 | $152.4M | $-1.1M | ||
| Q1 24 | $50.3M | $-1.1M |
| Q4 25 | 10.2% | — | ||
| Q3 25 | 10.9% | 51.2% | ||
| Q2 25 | 11.8% | 57.5% | ||
| Q1 25 | 11.1% | 36.1% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 10.8% | 60.9% | ||
| Q2 24 | 11.1% | 16.0% | ||
| Q1 24 | 10.4% | 38.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -233.1% | ||
| Q2 25 | — | -112.0% | ||
| Q1 25 | 2.0% | -156.3% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.5% | -36.3% | ||
| Q2 24 | 2.9% | -89.2% | ||
| Q1 24 | 1.2% | -246.7% |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.4% | -222.4% | ||
| Q2 25 | 2.8% | -102.1% | ||
| Q1 25 | 1.5% | -142.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.9% | -29.2% | ||
| Q2 24 | 2.1% | -82.5% | ||
| Q1 24 | 0.9% | -219.9% |
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.64 | — | ||
| Q2 25 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $204.9M | $33.6M |
| Total DebtLower is stronger | $16.6B | — |
| Stockholders' EquityBook value | $6.1B | $6.5M |
| Total Assets | $25.6B | $66.6M |
| Debt / EquityLower = less leverage | 2.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.9M | — | ||
| Q3 25 | $540.4M | $33.6M | ||
| Q2 25 | $262.8M | $31.9M | ||
| Q1 25 | $247.0M | $37.3M | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $524.7M | $38.7M | ||
| Q2 24 | $218.9M | $48.2M | ||
| Q1 24 | $574.1M | $37.9M |
| Q4 25 | $16.6B | — | ||
| Q3 25 | $17.8B | — | ||
| Q2 25 | $18.0B | — | ||
| Q1 25 | $18.1B | — | ||
| Q4 24 | $18.1B | — | ||
| Q3 24 | $18.1B | — | ||
| Q2 24 | $18.2B | — | ||
| Q1 24 | $18.0B | — |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | $6.5M | ||
| Q2 25 | $6.3B | $6.7M | ||
| Q1 25 | $6.2B | $7.0M | ||
| Q4 24 | $6.2B | — | ||
| Q3 24 | $6.2B | $7.9M | ||
| Q2 24 | $6.2B | $7.9M | ||
| Q1 24 | $6.1B | $8.8M |
| Q4 25 | $25.6B | — | ||
| Q3 25 | $27.1B | $66.6M | ||
| Q2 25 | $27.4B | $68.2M | ||
| Q1 25 | $27.4B | $71.5M | ||
| Q4 24 | $27.3B | — | ||
| Q3 24 | $27.3B | $76.7M | ||
| Q2 24 | $27.2B | $81.2M | ||
| Q1 24 | $27.2B | $85.1M |
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.87× | — | ||
| Q2 25 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | — |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 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.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $785.5M | — | ||
| Q2 25 | $299.5M | — | ||
| Q1 25 | $146.4M | — | ||
| Q4 24 | $-23.4M | — | ||
| Q3 24 | $619.1M | — | ||
| Q2 24 | $-117.7M | — | ||
| Q1 24 | $309.6M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $654.0M | — | ||
| Q2 25 | $162.8M | — | ||
| Q1 25 | $18.8M | — | ||
| Q4 24 | $-150.6M | — | ||
| Q3 24 | $509.9M | — | ||
| Q2 24 | $-221.6M | — | ||
| Q1 24 | $199.8M | — |
| Q4 25 | 19.2% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -2.4% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | -3.1% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | 20.14× | — | ||
| Q3 25 | 8.24× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | -0.19× | — | ||
| Q3 24 | 4.66× | — | ||
| Q2 24 | -0.77× | — | ||
| Q1 24 | 6.16× | — |
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% |
YQ
Segment breakdown not available.
