AZO vs CVNA
AutoZone Inc. and Carvana Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AZO | CVNA |
|---|---|---|
| Revenue | $18.9B | $20.3B |
| Net income | $2.5B | $1.4B |
| Gross margin | 52.6% | 20.6% |
| Net margin | 13.2% | 9.3% |
| Return on equity | · | 59.9% |
| Diluted EPS | $144.87 | $8.45 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $1.8B | $889.0M |
| Equity | $-3.4B | $3.4B |
| Net debt / equity | · | 0.79× |
| Current ratio | 0.88× | 4.31× |
| Revenue CAGR 5y | 8.4% | 29.5% |
| Profit CAGR 5y | 7.6% | · |
AZO and CVNA book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (13.2% against 9.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AZO | CVNA |
|---|---|---|
| FY2025 | $18.9B | $20.3B |
| FY2024 | $18.5B | $13.7B |
| FY2023 | $17.5B | $10.8B |
| FY2022 | $16.3B | $13.6B |
| FY2021 | $14.6B | $12.8B |
| FY2020 | $12.6B | $5.6B |
| FY2019 | $11.9B | $3.9B |
| FY2018 | $11.2B | $2.0B |
| FY2017 | $10.9B | $858.9M |
| FY2016 | $10.6B | $365.1M |
Bottom line
| Fiscal year | AZO | CVNA |
|---|---|---|
| FY2025 | $2.5B | $1.4B |
| FY2024 | $2.7B | $210.0M |
| FY2023 | $2.5B | $450.0M |
| FY2022 | $2.4B | $-1.6B |
| FY2021 | $2.2B | $-135.0M |
| FY2020 | $1.7B | $-171.0M |
| FY2019 | $1.6B | $-115.0M |
| FY2018 | $1.3B | $-55.5M |
| FY2017 | $1.3B | $-62.8M |
| FY2016 | $1.2B | $-93.1M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,383,283,000 | CVNA |
| FY2024 | +$4,817,268,000 | AZO |
| FY2023 | +$6,686,209,000 | AZO |
| FY2022 | +$2,648,230,000 | AZO |
| FY2021 | +$1,815,585,000 | AZO |
| FY2020 | +$7,044,967,000 | AZO |
| FY2019 | +$7,923,743,000 | AZO |
| FY2018 | +$9,265,610,000 | AZO |
| FY2017 | +$10,029,806,000 | AZO |
| FY2016 | +$10,270,528,000 | AZO |
| FY2015 | +$10,056,948,000 | AZO |
The higher-revenue side has changed between AZO and CVNA over this period. The gap has narrowed since the earliest year compared.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.9 pp | AZO |
| FY2024 | +11.4 pp | AZO |
| FY2023 | +13.1 pp | AZO |
| FY2022 | +36.2 pp | AZO |
| FY2021 | +17.1 pp | AZO |
| FY2020 | +22.0 pp | AZO |
| FY2019 | +22.9 pp | AZO |
| FY2018 | +24.9 pp | AZO |
| FY2017 | +30.9 pp | AZO |
| FY2016 | +37.2 pp | AZO |
| FY2015 | +39.6 pp | AZO |
AZO has kept the higher net margin in every one of these 11 fiscal years.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CVNA's net margin has been more volatile than AZO's over the 11 comparable fiscal years — 11.8 percentage points of standard deviation against 1.3.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AZO led in net margin in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.