KMX vs MUSA
CarMax Inc. and Murphy USA Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KMX | MUSA |
|---|---|---|
| Revenue | $25.9B | $19.4B |
| Net income | $247.3M | $470.6M |
| Gross margin | 10.8% | · |
| Net margin | 1.0% | 2.8% |
| Return on equity | 4.1% | 64.3% |
| Diluted EPS | $1.68 | $24.10 |
| Dividend / share | · | $2.15 |
| Payout ratio | · | 8.8% |
| Free cash flow | $1.2B | $374.3M |
| Equity | · | $623.5M |
| Net debt / equity | 2.95× | 3.42× |
| Current ratio | 2.20× | 0.80× |
| Revenue CAGR 5y | 6.4% | 11.5% |
| Profit CAGR 5y | −19.8% | 4.0% |
KMX bills 1.3× the revenue of MUSA, and MUSA keeps more of each dollar of revenue as profit (2.8% against 1.0%).
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 | KMX | MUSA |
|---|---|---|
| FY2025 | $25.9B | $19.4B |
| FY2024 | $26.4B | $20.2B |
| FY2023 | $26.5B | $21.5B |
| FY2022 | $29.7B | $23.4B |
| FY2021 | $31.9B | $17.4B |
| FY2020 | $19.0B | $11.3B |
| FY2019 | $20.3B | $14.0B |
| FY2018 | $18.2B | $14.4B |
| FY2017 | $17.1B | $12.8B |
| FY2016 | $15.9B | $11.6B |
Bottom line
| Fiscal year | KMX | MUSA |
|---|---|---|
| FY2025 | $247.3M | $470.6M |
| FY2024 | $500.6M | $502.5M |
| FY2023 | $479.2M | $556.8M |
| FY2022 | $484.8M | $672.9M |
| FY2021 | $1.2B | $396.9M |
| FY2020 | $746.9M | $386.1M |
| FY2019 | $888.4M | $154.8M |
| FY2018 | $842.4M | $213.6M |
| FY2017 | $664.1M | $245.3M |
| FY2016 | $627.0M | $221.5M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$6,497,131,000 | KMX |
| FY2024 | +$6,109,120,000 | KMX |
| FY2023 | +$5,006,640,000 | KMX |
| FY2022 | +$6,238,800,000 | KMX |
| FY2021 | +$14,539,912,000 | KMX |
| FY2020 | +$7,685,849,000 | KMX |
| FY2019 | +$6,285,400,000 | KMX |
| FY2018 | +$3,810,200,000 | KMX |
| FY2017 | +$4,293,609,000 | KMX |
| FY2016 | +$4,280,518,000 | KMX |
| FY2015 | +$2,450,264,000 | KMX |
| FY2014 | −$2,717,298,000 | MUSA |
| FY2013 | −$5,239,782,000 | MUSA |
| FY2012 | −$8,338,490,000 | MUSA |
| FY2011 | −$8,915,617,000 | MUSA |
The higher-revenue side has changed between KMX and MUSA over this period. The gap has narrowed since the earliest year compared.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.8 pp | MUSA |
| FY2024 | −0.9 pp | MUSA |
| FY2023 | −1.1 pp | MUSA |
| FY2022 | −1.5 pp | MUSA |
| FY2021 | +1.0 pp | KMX |
| FY2020 | −0.1 pp | MUSA |
| FY2019 | +3.1 pp | KMX |
| FY2018 | +2.9 pp | KMX |
| FY2017 | +1.6 pp | KMX |
| FY2016 | +1.7 pp | KMX |
| FY2015 | +2.5 pp | KMX |
The higher net margin has changed hands between KMX and MUSA over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KMX's net margin has been more volatile than MUSA's over the 11 comparable fiscal years — 1.2 percentage points of standard deviation against 0.7.
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 KMX and MUSA over these 11 fiscal years — KMX led in 6 and MUSA in 5.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MUSA's return on equity has been more volatile than KMX's over the 15 comparable fiscal years — 22.7 percentage points of standard deviation against 6.4.
15 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 KMX and MUSA over these 15 fiscal years — KMX led in 2 and MUSA in 13.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.