CarMax Inc (KMX) — Free Cash Flow Generation Index
CarMax Inc (KMX) has a Free Cash Flow Generation Index of 0.89x as of November 2025. Free cash flow of $1.11 Billion represents 1% of operating cash flow ($1.25 Billion). Explore how much does CarMax Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
CarMax Inc Free Cash Flow Generation Index (2001–2026)
Historical FCF Generation Index trend for CarMax Inc across 16 annual periods. For the full cash flow conversion analysis, see CarMax Inc operating cash flow efficiency.
Annual Free Cash Flow Generation for CarMax Inc (2001–2026)
Year-by-year Free Cash Flow Generation Index for CarMax Inc. Check KMX capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.70x | $1.24 Billion | $1.78 Billion | $540.99 Million | ▲ +178.0% |
| 2025 | 0.25x | $156.50 Million | $624.44 Million | $467.94 Million | ▲ +1818.1% |
| 2024 | -0.01x | $-6.69 Million | $458.62 Million | $465.31 Million | ▼ -102.2% |
| 2023 | 0.67x | $860.62 Million | $1.28 Billion | $422.71 Million | ▼ -11.0% |
| 2021 | 0.75x | $503.22 Million | $667.76 Million | $164.54 Million | ▲ +186.7% |
| 2019 | -0.87x | $-141.66 Million | $162.97 Million | $304.64 Million | ▼ -286.9% |
| 2010 | 0.47x | $23.39 Million | $50.29 Million | $22.43 Million | ▲ +56.0% |
| 2009 | 0.30x | $78.89 Million | $264.59 Million | $185.70 Million | ▲ +113.7% |
| 2008 | -2.18x | $-173.59 Million | $79.52 Million | $253.11 Million | ▼ -443.3% |
| 2007 | -0.40x | $-54.96 Million | $136.80 Million | $191.76 Million | ▲ +31.9% |
| 2006 | -0.59x | $-72.14 Million | $122.30 Million | $194.43 Million | ▲ +85.8% |
| 2005 | -4.14x | $-185.34 Million | $44.74 Million | $230.08 Million | ▼ -1771.1% |
| 2004 | -0.22x | $-32.87 Million | $148.46 Million | $181.34 Million | ▲ +68.2% |
| 2003 | -0.70x | $-50.06 Million | $71.97 Million | $122.03 Million | ▼ -2523.5% |
| 2002 | 0.03x | $1.22 Million | $42.64 Million | $41.42 Million | ▼ -92.7% |
| 2001 | 0.39x | $6.97 Million | $17.81 Million | $10.83 Million | — |