CarMax Inc (KMX) — Working Capital to Net Assets Ratio
CarMax Inc (KMX) has a Working Capital to Net Assets ratio of 49.2% as of February 2026. Working capital of $2.90 Billion (current assets of $5.31 Billion minus current liabilities of $2.41 Billion) is measured against net assets of $5.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See KMX equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CarMax Inc Working Capital to Net Assets (1997–2026)
This chart shows how CarMax Inc's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1997 to 2026. As of February 2026, the ratio stands at 49.2%, reflecting working capital of $2.90 Billion against net assets of $5.89 Billion USD. Check CarMax Inc (KMX) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for CarMax Inc (1997–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for CarMax Inc from 1997 to 2026, covering 30 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see CarMax Inc market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 49.2% | $2.90 Billion | $5.89 Billion | $5.31 Billion | $2.41 Billion | ▲ +3.0 pp |
| 2025 | 46.1% | $2.88 Billion | $6.24 Billion | $5.08 Billion | $2.20 Billion | ▼ -1.9 pp |
| 2024 | 48.0% | $2.91 Billion | $6.07 Billion | $5.23 Billion | $2.31 Billion | ▼ -7.3 pp |
| 2023 | 55.3% | $3.10 Billion | $5.61 Billion | $5.04 Billion | $1.94 Billion | ▼ -30.7 pp |
| 2022 | 86.0% | $4.50 Billion | $5.24 Billion | $6.55 Billion | $2.05 Billion | ▲ +30.6 pp |
| 2021 | 55.4% | $2.42 Billion | $4.36 Billion | $4.12 Billion | $1.70 Billion | ▼ -1.1 pp |
| 2020 | 56.5% | $2.13 Billion | $3.77 Billion | $3.66 Billion | $1.53 Billion | ▼ -0.2 pp |
| 2019 | 56.7% | $1.90 Billion | $3.36 Billion | $3.21 Billion | $1.31 Billion | ▼ -0.2 pp |
| 2018 | 56.9% | $1.89 Billion | $3.32 Billion | $3.06 Billion | $1.17 Billion | ▲ +0.0 pp |
| 2017 | 56.9% | $1.77 Billion | $3.11 Billion | $2.87 Billion | $1.11 Billion | ▲ +6.4 pp |
| 2016 | 50.5% | $1.47 Billion | $2.90 Billion | $2.47 Billion | $1.01 Billion | ▼ -0.3 pp |
| 2015 | 50.7% | $1.60 Billion | $3.16 Billion | $2.60 Billion | $997.17 Million | ▼ -2.5 pp |
| 2014 | 53.3% | $1.77 Billion | $3.32 Billion | $2.64 Billion | $875.50 Million | ▼ -0.6 pp |
| 2013 | 53.9% | $1.63 Billion | $3.02 Billion | $2.31 Billion | $684.17 Million | ▲ +8.7 pp |
| 2012 | 45.2% | $1.21 Billion | $2.67 Billion | $1.85 Billion | $646.31 Million | ▲ +5.8 pp |
| 2011 | 39.4% | $901.88 Million | $2.29 Billion | $1.41 Billion | $508.22 Million | ▼ -16.5 pp |
| 2010 | 55.8% | $1.08 Billion | $1.93 Billion | $1.56 Billion | $477.35 Million | ▲ +5.8 pp |
| 2009 | 50.0% | $796.98 Million | $1.59 Billion | $1.29 Billion | $490.77 Million | ▼ -8.2 pp |
| 2008 | 58.2% | $866.90 Million | $1.49 Billion | $1.36 Billion | $490.02 Million | ▲ +7.0 pp |
| 2007 | 51.2% | $638.49 Million | $1.25 Billion | $1.15 Billion | $512.02 Million | ▼ -7.8 pp |
| 2006 | 59.0% | $578.42 Million | $980.10 Million | $941.74 Million | $363.31 Million | ▼ -7.9 pp |
| 2005 | 66.9% | $535.62 Million | $800.98 Million | $864.96 Million | $329.33 Million | ▼ -11.1 pp |
| 2004 | 78.0% | $531.08 Million | $680.75 Million | $773.48 Million | $242.40 Million | ▼ -5.0 pp |
| 2003 | 83.1% | $460.64 Million | $554.57 Million | $708.75 Million | $248.10 Million | ▲ +10.1 pp |
| 2002 | 73.0% | $354.31 Million | $485.48 Million | $577.70 Million | $223.39 Million | ▲ +4.8 pp |
| 2001 | 68.2% | $266.97 Million | $391.50 Million | $492.91 Million | $225.94 Million | ▲ +1.7 pp |
| 2000 | 66.5% | $229.55 Million | $344.99 Million | $425.67 Million | $196.12 Million | ▼ -9.6 pp |
| 1999 | 76.1% | $259.20 Million | $340.40 Million | $341.10 Million | $81.90 Million | ▲ +27.0 pp |
| 1998 | 49.2% | $177.00 Million | $359.90 Million | $232.60 Million | $55.60 Million | ▼ -27.5 pp |
| 1997 | 76.7% | $300.50 Million | $391.80 Million | $333.30 Million | $32.80 Million | — |