CVNA vs PAG
Carvana Co. and Penske Automotive Group, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVNA | PAG |
|---|---|---|
| Revenue | $20.3B | $31.8B |
| Net income | $1.4B | $935.4M |
| Gross margin | 20.6% | 16.4% |
| Net margin | 9.3% | 2.9% |
| Return on equity | 59.9% | 17.1% |
| Diluted EPS | $8.45 | $14.13 |
| Dividend / share | · | $5.18 |
| Payout ratio | · | 36.8% |
| Free cash flow | $889.0M | $650.5M |
| Equity | $3.4B | $5.6B |
| Net debt / equity | 0.79× | 0.38× |
| Current ratio | 4.31× | 0.99× |
| Revenue CAGR 5y | 29.5% | 9.2% |
| Profit CAGR 5y | · | 11.5% |
PAG bills 1.6× the revenue of CVNA, and CVNA keeps more of each dollar of revenue as profit (9.3% against 2.9%).
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 | PAG |
|---|---|---|
| FY2025 | $20.3B | $31.8B |
| FY2024 | $13.7B | $31.9B |
| FY2023 | $10.8B | $30.9B |
| FY2022 | $13.6B | $27.8B |
| FY2021 | $12.8B | $25.6B |
| FY2020 | $5.6B | $20.4B |
| FY2019 | $3.9B | $23.2B |
| FY2018 | $2.0B | $22.8B |
| FY2017 | $858.9M | $21.4B |
| FY2016 | $365.1M | $20.1B |
Bottom line
| Fiscal year | CVNA | PAG |
|---|---|---|
| FY2025 | $1.4B | $935.4M |
| FY2024 | $210.0M | $968.9M |
| FY2023 | $450.0M | $1.1B |
| FY2022 | $-1.6B | $1.4B |
| FY2021 | $-135.0M | $1.2B |
| FY2020 | $-171.0M | $543.6M |
| FY2019 | $-115.0M | $435.8M |
| FY2018 | $-55.5M | $471.0M |
| FY2017 | $-62.8M | $613.3M |
| FY2016 | $-93.1M | $342.9M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$11,486,500,000 | PAG |
| FY2024 | −$18,191,800,000 | PAG |
| FY2023 | −$20,145,500,000 | PAG |
| FY2022 | −$14,210,800,000 | PAG |
| FY2021 | −$12,740,700,000 | PAG |
| FY2020 | −$14,856,900,000 | PAG |
| FY2019 | −$19,239,400,000 | PAG |
| FY2018 | −$20,829,633,000 | PAG |
| FY2017 | −$20,528,030,000 | PAG |
| FY2016 | −$19,753,352,000 | PAG |
| FY2015 | −$19,154,508,000 | PAG |
PAG has reported the higher revenue in every one of these 11 fiscal years. 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 | +6.4 pp | CVNA |
| FY2024 | −0.1 pp | PAG |
| FY2023 | −2.2 pp | PAG |
| FY2022 | −26.3 pp | PAG |
| FY2021 | −6.9 pp | PAG |
| FY2020 | −10.9 pp | PAG |
| FY2019 | −11.1 pp | PAG |
| FY2018 | −15.1 pp | PAG |
| FY2017 | −22.0 pp | PAG |
| FY2016 | −27.2 pp | PAG |
| FY2015 | −29.9 pp | PAG |
The higher net margin has changed hands between CVNA and PAG over this period.
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 PAG's over the 11 comparable fiscal years — 11.8 percentage points of standard deviation against 1.1.
11 of 18 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 PAG over these 11 fiscal years — CVNA led in 1 and PAG in 10.
11 of 18 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 PAG's over the 7 comparable fiscal years — 58.2 percentage points of standard deviation against 6.0.
7 of 18 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 PAG over these 7 fiscal years — CVNA led in 2 and PAG in 5.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.