Carvana Co.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 5.3% | — | -25.5% |
| FY2017 | 7.9% | — | -7.3% |
| FY2018 | 10.1% | — | -2.8% |
| FY2019 | 12.9% | — | -2.9% |
| FY2020 | 14.2% | — | -3.1% |
| FY2021 | 14.9% | — | -1.0% |
| FY2022 | 9.1% | -17.1% | -11.6% |
| FY2023 | 16.0% | -0.7% | 4.2% |
| FY2024 | 21.0% | 7.2% | 1.5% |
| FY2025 | 20.6% | 9.3% | 6.9% |