AMERICAS CARMART INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AMERICAS CARMART INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	588	612	669	745	910	1,191	1,400	1,394	1,391	1,282
Cost of revenue	305	315	344	388	479	659	801	759	726	664
Gross profit	215	222	243	265	431	532	600	635	665	618
Selling, general and administrative	91.9	99	107	118	131	156	177	179	189	208
Interest expense	4.07	5.6	7.88	8.05	6.82	10.9	38.3	65.3
Pre-tax income	32.2	38.9	59.9	64.4	135	123	25.8	-40.1	22.8	-108
Income tax	12	2.4	12.2	13	30.5	27.6	5.36	-8.74	4.87	31.1
Net income	20.2	36.5	47.6	51.3	105	95	20.4	-31.4	17.9	-139
EPS, basic	2.57	5.04	6.99	7.74	15.81	14.59	3.20	-4.92	2.38	-16.79
EPS, diluted	2.49	4.90	6.73	7.39	15.05	13.92	3.11	-4.92	2.33	-16.79
Shares, basic (weighted)	7.85	7.23	6.81	6.63	6.63	6.51	6.37	6.39	7.52	8.29
Shares, diluted (weighted)	8.11	7.44	7.07	6.95	6.96	6.82	6.57	6.39	7.68	8.29

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	0.43	1.02	1.75	59.6	2.89	6.92	9.8	5.52	9.81	47
Inventory	30.1	33.6	37.5	36.4	82.3	115	109	107	112	54.1
Property, plant and equipment	30.1	28.6	28.5	30.1	34.7	45.4	61.7	60.4	56.9	42.9
Lease right-of-use assets				60.7	60.4	58.8	59.1	61.2	63.8	43.4
Goodwill	0.36	0.36	0.36	6.82	7.28	8.62	11.7	14.4	22.8	22.8
Total assets	424	456	493	667	822	1,155	1,415	1,478	1,606	1,417
Total liabilities	191	225	232	364	415	678	916	1,006	1,037	971
Total debt			0.19
Paid-in capital	69.3	72.6	81.6	88.6	98.8	103	110	114	195	211
Retained earnings	326	362	410	461	565	665	686	654	672	533
Treasury stock	-162	-204	-231	-247	-258	-292	-297	-298	-298	-299
Shareholders' equity	233	230	260	303	406	476	498	471	569	446
Minority interests	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total equity	233	231	261	308	412	477	499	471	570	446
Total liabilities and equity	424	456	493	667	822	1,155	1,415	1,478	1,606	1,417
Shares outstanding	7.61	6.85	6.7	6.62	6.63	6.37	6.37	6.39	8.26	8.31

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	20.2	36.5	47.6	51.3	105	95	20.4	-31.4	17.9	-139
Depreciation and amortization	4.27	4.25	3.97	3.84	3.72	4.03	5.6	6.87	7.65	8.21
Stock-based compensation	1.29	1.6	3.7	4.73	5.96	5.5	5.31	4.17	4.71	3.72
Deferred income tax	0.64	-6.36	1.7	-1.28	7.24	8.75	8.87	-21.5	-10.7	27.1
Change in inventory	42.5	38.8	47.6	53.8	5.02	51.1	133	139	115	180
Change in payables	0.68	4.71	2.23	1.01	14.8	5.17	8.62	-9.34	17.6	-2.83
Cash from operations	7.33	9.99	24.9	20.9	-53.8	-119	-136	-73.9	-48.8	65
Capital expenditures	-1.59	-2.26	-4.03	-5.42	-8.95	-15.8	-22.1	-6.15	-3.89	-1.81
Acquisitions								-4.82	-7.53	0
Purchases of investments			0	-4.65	0	-1.57	-5.55	-4.82	-7.53
Cash from investing	-0.66	-1.7	-3.89	-9.89	-8.26	-17.4	-27.6	-10.6	-11.4	-1.52
Stock issued	0.14	0.12	0.15	0.19	0.26	0.29	0.29	0.28	74.1	0.22
Share buybacks	-20.5	-42.3	-26.6	-16	-10.6	-34.7	-5.2	-0.37	-0.43	-0.3
Dividends paid	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Cash from financing	-6.85	-7.7	-20.3	46.8	5.4	176	189	111	90.2	-56.3
Net change in cash	-0.17	0.59	0.73	57.8	-56.7	39.7	25.4	26.4	30.1	7.11
Free cash flow	5.75	7.74	20.9	15.5	-62.8	-135	-158	-80	-52.7	63.1
Interest paid	4.07	5.6	7.26	8.15	7.03	10.4	36.6	65.6	70.7	78.6
Income taxes paid	8.44	11.1	11	8.51	27	19.2	5.48	6.46	11.1	9.17

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $1.06 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	48.5%	Gross profit / revenue.
Pre-tax margin	-15.6%	Pre-tax income / revenue.
Net margin	-18.6%	Net income / revenue.
FCF margin	13.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	13.9%	Cash from operations / revenue.
Return on equity (ROE)	-53.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-16.8%	Net income / average total assets.
SG&A / revenue	19.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.1%	Capital expenditures / revenue.
D&A / revenue	0.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-7.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-2.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-7.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	1.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	7.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-877.7%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-820.6%	EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-21.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-3.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-11.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	7.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	8.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	3.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	68.8%	Total liabilities / total assets.
Goodwill and intangibles / assets	1.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$353.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.90x	Revenue / average total assets.
Fixed asset turnover	27.1x	Revenue / average property, plant and equipment.
Inventory turnover	15.9x	Cost of revenue / average inventory.
Days inventory	23 days	365 x average inventory / cost of revenue.
Capex / operating cash flow	1.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$24.30	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$130.37	Revenue / diluted weighted shares.
FCF per share	$17.95	Free cash flow / diluted weighted shares.
Operating cash flow per share	$18.12	Cash from operations / diluted weighted shares.
Book value per share	$45.14	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$42.40	Tangible book value / shares outstanding.
Cash per share	$3.30	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	0.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$9.2M	Share price x shares outstanding.
Enterprise value	-$18.3M	Market cap + total debt - cash - short-term investments.
P/S	0.01x	Market cap / revenue.
P/B	0.02x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.03x	Market cap / tangible book value, when positive.
P/FCF	0.06x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	0.06x	Market cap / cash from operations, when positive.
FCF yield	1,628.0%	Free cash flow / market cap.
Earnings yield	-2,204.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	2.7%	(Dividends paid + share buybacks) / market cap.

What was AMERICAS CARMART INC's revenue in fiscal 2026?

AMERICAS CARMART INC reported revenue of $1.28B for fiscal 2026, 7.9% lower than the year before.

Was AMERICAS CARMART INC profitable in fiscal 2026?

No. It reported a net loss of $139.2M.

How much free cash flow did AMERICAS CARMART INC generate in fiscal 2026?

Cash from operations of $65.0M minus capital expenditures of $1.8M left free cash flow of $63.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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