Carvana Co.
CVNAFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
13,673
Cost of Revenue
10,962
Gross Profit
2,711
Gross Margin
19.8%
Operating Income
1,002
Operating Margin
7.3%
Net Income
210
Net Margin
1.5%
EPS (Basic)
$1.72
EPS (Diluted)
$1.59
EBITDA
1,356
EBITDA Margin
9.9%
2023
12/31/2023
Revenue
10,771
Cost of Revenue
9,230
Gross Profit
1,541
Gross Margin
14.3%
Operating Income
-65
Operating Margin
-0.6%
Net Income
450
Net Margin
4.2%
EPS (Basic)
$4.12
EPS (Diluted)
$4.12
EBITDA
1,159
EBITDA Margin
10.8%
2022
12/31/2022
Revenue
13,604
Cost of Revenue
12,603
Gross Profit
1,001
Gross Margin
7.4%
Operating Income
-1,490
Operating Margin
-11.0%
Net Income
-1,587
Net Margin
-11.7%
EPS (Basic)
$-15.74
EPS (Diluted)
$-15.74
EBITDA
-2,146
EBITDA Margin
-15.8%
2021
12/31/2021
Revenue
12,814
Cost of Revenue
10,988
Gross Profit
1,826
Gross Margin
14.3%
Operating Income
-104
Operating Margin
-0.8%
Net Income
-135
Net Margin
-1.1%
EPS (Basic)
$-1.63
EPS (Diluted)
$-1.63
EBITDA
-5
EBITDA Margin
-0.0%
2020
12/31/2020
Revenue
5,587
Cost of Revenue
4,865
Gross Profit
722
Gross Margin
12.9%
Operating Income
-332
Operating Margin
-5.9%
Net Income
-171
Net Margin
-3.1%
EPS (Basic)
$-2.63
EPS (Diluted)
$-2.63
EBITDA
-257
EBITDA Margin
-4.6%