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Side-by-side financial comparison of Mister Car Wash, Inc. (MCW) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

Mister Car Wash, Inc. is the larger business by last-quarter revenue ($261.2M vs $212.2M, roughly 1.2× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 7.7%, a 11.1% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 4.0%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 4.5%).

Brown Bear Car Wash is an American car wash chain based in Washington state. Founded in Seattle in 1957, it is the 12th largest car wash chain in the United States with 49 locations as of 2021.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

MCW vs RAMP — Head-to-Head

Bigger by revenue
MCW
MCW
1.2× larger
MCW
$261.2M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+4.6% gap
RAMP
8.6%
4.0%
MCW
Higher net margin
RAMP
RAMP
11.1% more per $
RAMP
18.8%
7.7%
MCW
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
4.5%
MCW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MCW
MCW
RAMP
RAMP
Revenue
$261.2M
$212.2M
Net Profit
$20.1M
$39.9M
Gross Margin
71.9%
Operating Margin
15.8%
18.6%
Net Margin
7.7%
18.8%
Revenue YoY
4.0%
8.6%
Net Profit YoY
118.9%
255.7%
EPS (diluted)
$0.06
$0.62

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
MCW
MCW
RAMP
RAMP
Q4 25
$261.2M
$212.2M
Q3 25
$263.4M
$199.8M
Q2 25
$265.4M
$194.8M
Q1 25
$261.7M
$188.7M
Q4 24
$251.2M
$195.4M
Q3 24
$249.3M
$185.5M
Q2 24
$255.0M
$176.0M
Q1 24
$239.2M
$171.9M
Net Profit
MCW
MCW
RAMP
RAMP
Q4 25
$20.1M
$39.9M
Q3 25
$27.4M
$27.4M
Q2 25
$28.6M
$7.7M
Q1 25
$27.0M
$-6.3M
Q4 24
$9.2M
$11.2M
Q3 24
$22.3M
$1.7M
Q2 24
$22.1M
$-7.5M
Q1 24
$16.6M
$-5.4M
Gross Margin
MCW
MCW
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
MCW
MCW
RAMP
RAMP
Q4 25
15.8%
18.6%
Q3 25
19.7%
10.7%
Q2 25
20.4%
3.7%
Q1 25
20.2%
-6.1%
Q4 24
12.7%
7.5%
Q3 24
19.9%
4.0%
Q2 24
21.6%
-3.0%
Q1 24
17.8%
-8.3%
Net Margin
MCW
MCW
RAMP
RAMP
Q4 25
7.7%
18.8%
Q3 25
10.4%
13.7%
Q2 25
10.8%
4.0%
Q1 25
10.3%
-3.3%
Q4 24
3.7%
5.7%
Q3 24
9.0%
0.9%
Q2 24
8.7%
-4.3%
Q1 24
7.0%
-3.1%
EPS (diluted)
MCW
MCW
RAMP
RAMP
Q4 25
$0.06
$0.62
Q3 25
$0.08
$0.42
Q2 25
$0.09
$0.12
Q1 25
$0.08
$-0.10
Q4 24
$0.02
$0.17
Q3 24
$0.07
$0.03
Q2 24
$0.07
$-0.11
Q1 24
$0.05
$-0.09

Balance Sheet & Financial Strength

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

Metric
MCW
MCW
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$28.4M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$962.3M
Total Assets
$3.2B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCW
MCW
RAMP
RAMP
Q4 25
$28.4M
$403.4M
Q3 25
$35.7M
$376.9M
Q2 25
$26.4M
$371.1M
Q1 25
$39.1M
$420.8M
Q4 24
$67.5M
$384.3M
Q3 24
$16.5M
$348.4M
Q2 24
$3.6M
$342.7M
Q1 24
$10.7M
$368.9M
Stockholders' Equity
MCW
MCW
RAMP
RAMP
Q4 25
$1.1B
$962.3M
Q3 25
$1.1B
$943.8M
Q2 25
$1.1B
$947.8M
Q1 25
$1.0B
$948.9M
Q4 24
$998.4M
$957.7M
Q3 24
$979.4M
$932.1M
Q2 24
$949.4M
$951.9M
Q1 24
$928.7M
$949.1M
Total Assets
MCW
MCW
RAMP
RAMP
Q4 25
$3.2B
$1.3B
Q3 25
$3.1B
$1.2B
Q2 25
$3.1B
$1.2B
Q1 25
$3.1B
$1.3B
Q4 24
$3.1B
$1.3B
Q3 24
$3.0B
$1.2B
Q2 24
$3.0B
$1.2B
Q1 24
$2.9B
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MCW
MCW
RAMP
RAMP
Operating Cash FlowLast quarter
$60.0M
Free Cash FlowOCF − Capex
$-16.8M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
29.4%
0.1%
Cash ConversionOCF / Net Profit
2.99×
TTM Free Cash FlowTrailing 4 quarters
$30.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCW
MCW
RAMP
RAMP
Q4 25
$60.0M
Q3 25
$91.4M
$57.4M
Q2 25
$46.8M
$-15.8M
Q1 25
$87.5M
Q4 24
$49.8M
$45.1M
Q3 24
$80.0M
$55.6M
Q2 24
$60.9M
$-9.3M
Q1 24
$58.0M
Free Cash Flow
MCW
MCW
RAMP
RAMP
Q4 25
$-16.8M
Q3 25
$25.8M
$56.8M
Q2 25
$-11.2M
$-16.2M
Q1 25
$32.5M
Q4 24
$-20.4M
$44.8M
Q3 24
$-16.8M
$55.4M
Q2 24
$-20.4M
$-9.6M
Q1 24
$-23.9M
FCF Margin
MCW
MCW
RAMP
RAMP
Q4 25
-6.4%
Q3 25
9.8%
28.4%
Q2 25
-4.2%
-8.3%
Q1 25
12.4%
Q4 24
-8.1%
22.9%
Q3 24
-6.8%
29.8%
Q2 24
-8.0%
-5.4%
Q1 24
-10.0%
Capex Intensity
MCW
MCW
RAMP
RAMP
Q4 25
29.4%
0.1%
Q3 25
24.9%
0.3%
Q2 25
21.9%
0.2%
Q1 25
21.1%
0.2%
Q4 24
27.9%
0.1%
Q3 24
38.8%
0.1%
Q2 24
31.9%
0.1%
Q1 24
34.2%
1.0%
Cash Conversion
MCW
MCW
RAMP
RAMP
Q4 25
2.99×
Q3 25
3.33×
2.09×
Q2 25
1.64×
-2.04×
Q1 25
3.24×
Q4 24
5.43×
4.02×
Q3 24
3.58×
32.10×
Q2 24
2.76×
Q1 24
3.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MCW
MCW

Transferred Over Time$205.7M79%
Transferred At Point In Time$55.2M21%

RAMP
RAMP

Segment breakdown not available.

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