CVNA vs MUSA
Carvana Co. and Murphy USA Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVNA | MUSA |
|---|---|---|
| Revenue | $20.3B | $19.4B |
| Net income | $1.4B | $470.6M |
| Gross margin | 20.6% | · |
| Net margin | 9.3% | 2.8% |
| Return on equity | 59.9% | 64.3% |
| Diluted EPS | $8.45 | $24.10 |
| Dividend / share | · | $2.15 |
| Payout ratio | · | 8.8% |
| Free cash flow | $889.0M | $374.3M |
| Equity | $3.4B | $623.5M |
| Net debt / equity | 0.79× | 3.42× |
| Current ratio | 4.31× | 0.80× |
| Revenue CAGR 5y | 29.5% | 11.5% |
| Profit CAGR 5y | · | 4.0% |
CVNA and MUSA book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (9.3% against 2.8%).
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 | MUSA |
|---|---|---|
| FY2025 | $20.3B | $19.4B |
| FY2024 | $13.7B | $20.2B |
| FY2023 | $10.8B | $21.5B |
| FY2022 | $13.6B | $23.4B |
| FY2021 | $12.8B | $17.4B |
| FY2020 | $5.6B | $11.3B |
| FY2019 | $3.9B | $14.0B |
| FY2018 | $2.0B | $14.4B |
| FY2017 | $858.9M | $12.8B |
| FY2016 | $365.1M | $11.6B |
Bottom line
| Fiscal year | CVNA | MUSA |
|---|---|---|
| FY2025 | $1.4B | $470.6M |
| FY2024 | $210.0M | $502.5M |
| FY2023 | $450.0M | $556.8M |
| FY2022 | $-1.6B | $672.9M |
| FY2021 | $-135.0M | $396.9M |
| FY2020 | $-171.0M | $386.1M |
| FY2019 | $-115.0M | $154.8M |
| FY2018 | $-55.5M | $213.6M |
| FY2017 | $-62.8M | $245.3M |
| FY2016 | $-93.1M | $221.5M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$938,000,000 | CVNA |
| FY2024 | −$6,571,300,000 | MUSA |
| FY2023 | −$10,758,400,000 | MUSA |
| FY2022 | −$9,842,100,000 | MUSA |
| FY2021 | −$4,546,500,000 | MUSA |
| FY2020 | −$5,677,300,000 | MUSA |
| FY2019 | −$10,094,600,000 | MUSA |
| FY2018 | −$12,407,433,000 | MUSA |
| FY2017 | −$11,967,730,000 | MUSA |
| FY2016 | −$11,229,452,000 | MUSA |
| FY2015 | −$12,569,019,000 | MUSA |
The higher-revenue side has changed between CVNA and MUSA over this period. The gap has narrowed since the earliest year compared.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.6 pp | CVNA |
| FY2024 | +0.1 pp | CVNA |
| FY2023 | −1.5 pp | MUSA |
| FY2022 | −24.4 pp | MUSA |
| FY2021 | −4.8 pp | MUSA |
| FY2020 | −12.3 pp | MUSA |
| FY2019 | −10.5 pp | MUSA |
| FY2018 | −14.7 pp | MUSA |
| FY2017 | −21.4 pp | MUSA |
| FY2016 | −27.8 pp | MUSA |
| FY2015 | −29.9 pp | MUSA |
The higher net margin has changed hands between CVNA and MUSA over this period.
11 of 11 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 MUSA's over the 11 comparable fiscal years — 11.8 percentage points of standard deviation against 0.7.
11 of 11 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 MUSA over these 11 fiscal years — CVNA led in 2 and MUSA in 9.
11 of 11 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 MUSA's over the 7 comparable fiscal years — 58.2 percentage points of standard deviation against 15.6.
7 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MUSA led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 15 comparable fiscal years — a year missing data on either side is not counted.