CVNA vs LAD
Carvana Co. and Lithia Motors Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVNA | LAD |
|---|---|---|
| Revenue | $20.3B | $37.6B |
| Net income | $1.4B | $819.6M |
| Gross margin | 20.6% | 15.2% |
| Net margin | 9.3% | 2.2% |
| Return on equity | 59.9% | 12.4% |
| Diluted EPS | $8.45 | $32.32 |
| Dividend / share | · | $2.18 |
| Payout ratio | · | 6.7% |
| Free cash flow | $889.0M | $5.8M |
| Equity | $3.4B | $6.6B |
| Net debt / equity | 0.79× | 1.41× |
| Current ratio | 4.31× | 1.17× |
| Revenue CAGR 5y | 29.5% | 23.4% |
| Profit CAGR 5y | · | 11.7% |
LAD bills 1.9× the revenue of CVNA, and CVNA keeps more of each dollar of revenue as profit (9.3% against 2.2%).
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 | CVNA | LAD |
|---|---|---|
| FY2025 | $20.3B | $37.6B |
| FY2024 | $13.7B | $36.2B |
| FY2023 | $10.8B | $31.0B |
| FY2022 | $13.6B | $28.2B |
| FY2021 | $12.8B | $22.8B |
| FY2020 | $5.6B | $13.1B |
| FY2019 | $3.9B | $12.7B |
| FY2018 | $2.0B | $11.8B |
| FY2017 | $858.9M | $10.1B |
| FY2016 | $365.1M | $8.7B |
Bottom line
| Fiscal year | CVNA | LAD |
|---|---|---|
| FY2025 | $1.4B | $819.6M |
| FY2024 | $210.0M | $796.7M |
| FY2023 | $450.0M | $1.0B |
| FY2022 | $-1.6B | $1.3B |
| FY2021 | $-135.0M | $1.1B |
| FY2020 | $-171.0M | $470.3M |
| FY2019 | $-115.0M | $271.5M |
| FY2018 | $-55.5M | $265.7M |
| FY2017 | $-62.8M | $245.2M |
| FY2016 | $-93.1M | $197.1M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$17,312,900,000 | LAD |
| FY2024 | −$22,515,200,000 | LAD |
| FY2023 | −$20,271,300,000 | LAD |
| FY2022 | −$14,583,800,000 | LAD |
| FY2021 | −$10,017,700,000 | LAD |
| FY2020 | −$7,539,500,000 | LAD |
| FY2019 | −$8,732,700,000 | LAD |
| FY2018 | −$9,865,933,000 | LAD |
| FY2017 | −$9,227,630,000 | LAD |
| FY2016 | −$8,313,052,000 | LAD |
| FY2015 | −$7,733,860,000 | LAD |
LAD has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.1 pp | CVNA |
| FY2024 | +0.7 pp | CVNA |
| FY2023 | −1.9 pp | LAD |
| FY2022 | −25.7 pp | LAD |
| FY2021 | −6.9 pp | LAD |
| FY2020 | −11.9 pp | LAD |
| FY2019 | −11.4 pp | LAD |
| FY2018 | −15.3 pp | LAD |
| FY2017 | −21.6 pp | LAD |
| FY2016 | −27.8 pp | LAD |
| FY2015 | −30.5 pp | LAD |
The higher net margin has changed hands between CVNA and LAD over this period.
11 of 17 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 LAD's over the 11 comparable fiscal years — 11.8 percentage points of standard deviation against 0.9.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CVNA and LAD over these 11 fiscal years — CVNA led in 2 and LAD in 9.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CVNA's return on equity has been more volatile than LAD's over the 7 comparable fiscal years — 58.2 percentage points of standard deviation against 5.8.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CVNA and LAD over these 7 fiscal years — CVNA led in 2 and LAD in 5.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.