KMX vs PAG
CarMax Inc. and Penske Automotive Group, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KMX | PAG |
|---|---|---|
| Revenue | $25.9B | $31.8B |
| Net income | $247.3M | $935.4M |
| Gross margin | 10.8% | 16.4% |
| Net margin | 1.0% | 2.9% |
| Return on equity | 4.1% | 17.1% |
| Diluted EPS | $1.68 | $14.13 |
| Dividend / share | · | $5.18 |
| Payout ratio | · | 36.8% |
| Free cash flow | $1.2B | $650.5M |
| Equity | · | $5.6B |
| Net debt / equity | 2.95× | 0.38× |
| Current ratio | 2.20× | 0.99× |
| Revenue CAGR 5y | 6.4% | 9.2% |
| Profit CAGR 5y | −19.8% | 11.5% |
PAG bills 1.2× the revenue of KMX, and keeps more of each dollar of revenue as profit (2.9% 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 | PAG |
|---|---|---|
| FY2025 | $25.9B | $31.8B |
| FY2024 | $26.4B | $31.9B |
| FY2023 | $26.5B | $30.9B |
| FY2022 | $29.7B | $27.8B |
| FY2021 | $31.9B | $25.6B |
| FY2020 | $19.0B | $20.4B |
| FY2019 | $20.3B | $23.2B |
| FY2018 | $18.2B | $22.8B |
| FY2017 | $17.1B | $21.4B |
| FY2016 | $15.9B | $20.1B |
Bottom line
| Fiscal year | KMX | PAG |
|---|---|---|
| FY2025 | $247.3M | $935.4M |
| FY2024 | $500.6M | $968.9M |
| FY2023 | $479.2M | $1.1B |
| FY2022 | $484.8M | $1.4B |
| FY2021 | $1.2B | $1.2B |
| FY2020 | $746.9M | $543.6M |
| FY2019 | $888.4M | $435.8M |
| FY2018 | $842.4M | $471.0M |
| FY2017 | $664.1M | $613.3M |
| FY2016 | $627.0M | $342.9M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,927,369,000 | PAG |
| FY2024 | −$5,511,380,000 | PAG |
| FY2023 | −$4,380,460,000 | PAG |
| FY2022 | +$1,870,100,000 | KMX |
| FY2021 | +$6,345,712,000 | KMX |
| FY2020 | −$1,493,751,000 | PAG |
| FY2019 | −$2,859,400,000 | PAG |
| FY2018 | −$4,612,000,000 | PAG |
| FY2017 | −$4,266,691,000 | PAG |
| FY2016 | −$4,243,382,000 | PAG |
| FY2015 | −$4,135,225,000 | PAG |
| FY2014 | −$2,963,284,000 | PAG |
| FY2013 | −$1,908,201,000 | PAG |
| FY2012 | −$1,939,782,000 | PAG |
| FY2011 | −$1,035,801,000 | PAG |
| FY2010 | −$967,796,000 | PAG |
| FY2009 | −$1,542,024,000 | PAG |
| FY2008 | −$4,663,170,000 | PAG |
The higher-revenue side has changed between KMX and PAG over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.0 pp | PAG |
| FY2024 | −1.2 pp | PAG |
| FY2023 | −1.8 pp | PAG |
| FY2022 | −3.4 pp | PAG |
| FY2021 | −1.1 pp | PAG |
| FY2020 | +1.3 pp | KMX |
| FY2019 | +2.5 pp | KMX |
| FY2018 | +2.6 pp | KMX |
| FY2017 | +1.0 pp | KMX |
| FY2016 | +2.2 pp | KMX |
| FY2015 | +2.4 pp | KMX |
| FY2014 | +2.5 pp | KMX |
| FY2013 | +2.2 pp | KMX |
| FY2012 | +2.5 pp | KMX |
| FY2011 | +2.5 pp | KMX |
| FY2010 | +3.1 pp | KMX |
| FY2009 | +2.9 pp | KMX |
| FY2008 | +4.4 pp | KMX |
The higher net margin has changed hands between KMX and PAG over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PAG's net margin has been more volatile than KMX's over the 18 comparable fiscal years — 1.8 percentage points of standard deviation against 1.2.
18 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 PAG over these 18 fiscal years — KMX led in 13 and PAG in 5.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PAG's return on equity has been more volatile than KMX's over the 18 comparable fiscal years — 14.5 percentage points of standard deviation against 6.6.
18 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 PAG over these 18 fiscal years — KMX led in 11 and PAG in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.