MCW · Mister Car Wash, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $277.91M | - | $263.42M | $265.42M | $261.66M | - | $249.33M | $255.04M | $239.18M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $28.76M | - | $22.69M | $25.11M | $24.66M | - | $25.44M | $24.91M | $29.71M | - |
| Total Operating Expenses | $218.90M | - | $211.56M | $211.27M | $208.69M | - | $199.74M | $200.04M | $196.64M | - |
| D&A | $23.43M | - | $21.70M | $21.03M | $20.92M | - | $19.68M | $18.37M | $19.59M | - |
| Operating Income | $59.01M | - | $51.85M | $54.15M | $52.97M | - | $49.59M | $55.00M | $42.55M | - |
| Interest Expense | $12.28M | - | $14.05M | $15.17M | $20.02M | - | $19.10M | $20.25M | $20.02M | - |
| Income Tax | $12.55M | - | $10.39M | $10.40M | $9.94M | - | $6.59M | $12.65M | $9.19M | - |
| Net Income | $34.18M | - | $27.41M | $28.59M | $27.00M | - | $22.34M | $22.09M | $16.64M | - |
| EPS - Basic | $0.10 | - | $0.08 | $0.09 | $0.08 | - | $0.07 | $0.07 | $0.05 | - |
| EPS - Diluted | $0.10 | - | $0.08 | $0.09 | $0.08 | - | $0.07 | $0.07 | $0.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $54.63M | $28.45M | $35.65M | $26.41M | $39.13M | $67.46M | $16.48M | $3.61M | $10.70M | $19.05M |
| Accounts Receivable | $850.0K | $639.0K | $2.68M | $2.64M | $437.0K | $791.0K | $2.83M | $8.53M | $6.47M | $6.30M |
| Inventory | $5.05M | $5.49M | $5.38M | $5.41M | $5.24M | $5.73M | $5.49M | $5.86M | $7.65M | $8.95M |
| Accounts Payable | $25.74M | $27.82M | $36.08M | $31.12M | $36.20M | $30.02M | $44.72M | $40.10M | $33.68M | $33.64M |
| Current Assets | $88.78M | $59.68M | $68.76M | $57.68M | $65.71M | $99.09M | $52.78M | $50.66M | $52.74M | $60.89M |
| Total Assets | $3.21B | $3.17B | $3.14B | $3.11B | $3.09B | $3.10B | $3.05B | $2.97B | $2.93B | $2.88B |
| Current Liabilities | $182.74M | $184.85M | $193.72M | $176.39M | $193.56M | $186.97M | $193.67M | $179.95M | $174.67M | $169.56M |
| Long-term Debt | $790.04M | $796.89M | $827.23M | $849.05M | $853.88M | $909.09M | $931.05M | $919.22M | $913.35M | $897.42M |
| Total Liabilities | $2.03B | $2.04B | $2.04B | $2.04B | $2.06B | $2.10B | $2.07B | $2.02B | $2.00B | $1.97B |
| Stockholders' Equity | $1.18B | $1.13B | $1.11B | $1.07B | $1.03B | $998.35M | $979.40M | $949.40M | $928.72M | $915.03M |
| Retained Earnings | $302.11M | $267.92M | $247.85M | $220.44M | $191.85M | $164.85M | $155.68M | $133.34M | $111.24M | $94.61M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $79.66M | - | - | - | $87.55M | - | - | - | $57.99M | - |
| Investing Cash Flow | ($46.50M) | - | - | - | ($54.96M) | - | - | - | ($76.94M) | - |
| Financing Cash Flow | ($6.84M) | - | - | - | ($60.91M) | - | - | - | $10.65M | - |
| CapEx | $46.69M | - | - | - | $55.08M | - | - | - | $81.84M | - |
| Free Cash Flow | $32.97M | - | - | - | $32.47M | - | - | - | ($23.85M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 21.2% | - | 19.7% | 20.4% | 20.2% | - | 19.9% | 21.6% | 17.8% | - |
| EBITDA margin | 29.7% | - | 27.9% | 28.3% | 28.2% | - | 27.8% | 28.8% | 26.0% | - |
| Net margin | 12.3% | - | 10.4% | 10.8% | 10.3% | - | 9.0% | 8.7% | 7.0% | - |
| Free cash flow margin | 11.9% | - | - | - | 12.4% | - | - | - | -10.0% | - |
| FCF / Net income | 0.96 | - | - | - | 1.20 | - | - | - | -1.43 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.3% | - | 8.6% | 9.5% | 9.4% | - | 10.2% | 9.8% | 12.4% | - |
| Effective tax rate | 26.8% | - | 27.5% | 26.7% | 26.9% | - | 22.8% | 36.4% | 35.6% | - |
| Return on assets | 1.1% | - | 0.9% | 0.9% | 0.9% | - | 0.7% | 0.7% | 0.6% | - |
| Return on equity | 2.9% | - | 2.5% | 2.7% | 2.6% | - | 2.3% | 2.3% | 1.8% | - |
| Return on invested capital | 2.2% | - | 1.9% | 2.1% | 2.1% | - | 2.0% | 1.9% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 0.49 | 0.32 | 0.35 | 0.33 | 0.34 | 0.53 | 0.27 | 0.28 | 0.30 | 0.36 |
| Quick ratio | 0.46 | 0.29 | 0.33 | 0.30 | 0.31 | 0.50 | 0.24 | 0.25 | 0.26 | 0.31 |
| Cash ratio | 0.30 | 0.15 | 0.18 | 0.15 | 0.20 | 0.36 | 0.09 | 0.02 | 0.06 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | 0.67 | 0.70 | 0.75 | 0.79 | 0.83 | 0.91 | 0.95 | 0.97 | 0.98 | 0.98 |
| Debt / Assets | 0.25 | 0.25 | 0.26 | 0.27 | 0.28 | 0.29 | 0.31 | 0.31 | 0.31 | 0.31 |
| Debt / EBITDA | 9.58 | - | 11.25 | 11.29 | 11.56 | - | 13.44 | 12.53 | 14.70 | - |
| Interest coverage | 4.8x | - | 3.7x | 3.6x | 2.6x | - | 2.6x | 2.7x | 2.1x | - |
| Equity multiplier | 2.73 | 2.80 | 2.84 | 2.90 | 2.99 | 3.11 | 3.11 | 3.13 | 3.15 | 3.15 |
| Liabilities / Assets | 0.63 | 0.64 | 0.65 | 0.66 | 0.67 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.08 | 0.09 | 0.08 | - | 0.08 | 0.09 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 1d | - | 4d | 4d | 1d | - | 4d | 12d | 10d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 69.7x | - | 66.6x | 66.8x | 98.6x | - | 93.0x | 101.7x | 155.0x | - |
| P / B | 2.0x | - | 1.6x | 1.9x | 2.5x | - | 2.2x | 2.5x | 2.8x | - |
| P / S | 8.4x | - | 6.7x | 7.5x | 10.0x | - | 8.6x | 9.2x | 10.7x | - |
| EV / EBITDA | 37.2x | - | 34.8x | 37.5x | 46.4x | - | 44.2x | 44.3x | 55.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.2% | - | 5.7% | 4.1% | 9.4% | - | 6.5% | 7.7% | 5.9% | - |
| Revenue CAGR (3y) | 7.1% | - | 6.6% | 5.6% | 14.2% | - | 8.7% | 35.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 11.4% | - | 4.6% | -1.6% | 24.5% | - | 15.2% | 4.5% | -6.7% | - |
| Net income growth (YoY) | 26.6% | - | 22.7% | 29.4% | 62.3% | - | 14.7% | -18.6% | -21.3% | - |
| EPS growth (YoY) | 25.0% | - | 14.3% | 28.6% | 60.0% | - | 16.7% | -12.5% | -16.7% | - |
| EPS CAGR (3y) | 18.6% | - | 4.6% | -6.5% | -10.1% | - | -4.4% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 1.6% | - | - | - | - | - | - | - | -373.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 13.7% | 13.5% | 12.8% | 12.8% | 11.3% | 9.1% | 9.7% | 9.7% | 12.1% | 14.2% |
Peer comparison
Same SIC group: Services-Automotive Repair, Services & Parking
Comparing Mister Car Wash against the 3 most active filers in the same SIC group.