Mister Car Wash (MCW) Financials

$7.07 -0.03 (-0.42%)

Closing price 05/18/2026 07:49 PM Eastern

Extended Trading

$7.07 0.00 (0.00%)

As of 05/18/2026 07:49 PM Eastern

Annual Income Statements for Mister Car Wash

This table shows Mister Car Wash's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3.61	60	-22	113	80	70	103
Consolidated Net Income / (Loss)	0.92	60	-22	113	80	70	103
Net Income / (Loss) Continuing Operations	3.61	60	-22	113	80	70	103
Total Pre-Tax Income	-1.72	77	-47	146	103	103	141
Total Operating Income	75	143	-4.51	188	178	179	200
Total Gross Profit	630	575	758	877	927	995	1,051
Total Revenue	630	575	758	877	927	995	1,051
Operating Revenue	630	575	758	877	927	995	1,052
Other Revenue	-	-	-	-	0.00	0.00	-0.29
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	552	432	763	689	749	816	852
Selling, General & Admin Expense	553	470	786	690	749	803	837
Other Special Charges / (Income)	-1.35	-38	-23	-0.95	0.13	12	15
Total Other Income / (Expense), net	-77	-66	-43	-42	-75	-76	-59
Interest Expense	77	66	43	42	75	81	59
Other Income / (Expense), net	-	-	-	0.00	0.00	5.20	0.06
Income Tax Expense	-2.64	17	-25	33	23	32	38
Basic Earnings per Share	$0.00	$0.23	($0.08)	$0.37	$0.26	$0.22	$0.32
Weighted Average Basic Shares Outstanding	260.48M	261.77M	280.22M	303.37M	311.04M	320.03M	326.25M
Diluted Earnings per Share	$0.00	$0.22	($0.08)	$0.34	$0.24	$0.21	$0.31
Weighted Average Diluted Shares Outstanding	272.45M	275.92M	280.22M	327.56M	328.24M	329.51M	332.10M
Weighted Average Basic & Diluted Shares Outstanding	-	-	301.36M	307.30M	315.47M	324.05M	328.48M

This table shows Mister Car Wash's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	12	17	22	22	9.17	27	29	27	20	34
Consolidated Net Income / (Loss)	19	12	17	22	22	9.17	27	29	27	20	34
Net Income / (Loss) Continuing Operations	19	12	17	22	22	9.17	27	29	27	20	34
Total Pre-Tax Income	24	17	26	35	29	13	37	39	38	27	47
Total Operating Income	43	37	43	55	50	32	53	54	52	41	59
Total Gross Profit	234	230	239	255	249	251	262	265	263	261	278
Total Revenue	234	230	239	255	249	251	262	265	263	261	278
Operating Revenue	234	230	239	255	249	251	262	265	263	261	278
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	191	193	197	200	200	219	209	211	212	220	219
Selling, General & Admin Expense	190	190	198	197	202	206	209	211	209	209	219
Other Special Charges / (Income)	1.32	-	-1.53	2.90	-1.92	13	0.11	0.68	2.76	11	0.13
Total Other Income / (Expense), net	-19	-20	-17	-20	-21	-19	-16	-15	-14	-14	-12
Interest Expense	19	20	22	20	21	19	16	15	14	14	12
Other Income / (Expense), net	0.00	-0.06	5.19	0.00	0.00	0.01	0.00	0.02	0.00	0.04	0.00
Income Tax Expense	4.47	4.54	9.19	13	6.59	3.99	9.94	10	10	7.03	13
Basic Earnings per Share	$0.06	$0.04	$0.05	$0.07	$0.07	$0.03	$0.08	$0.09	$0.08	$0.07	$0.10
Weighted Average Basic Shares Outstanding	312.88M	311.04M	315.84M	319.42M	321.92M	320.03M	324.20M	325.56M	327.39M	326.25M	328.48M
Diluted Earnings per Share	$0.06	$0.04	$0.05	$0.07	$0.07	$0.02	$0.08	$0.09	$0.08	$0.06	$0.10
Weighted Average Diluted Shares Outstanding	328.84M	328.24M	330.01M	328.33M	329.30M	329.51M	331.48M	331.82M	332.36M	332.10M	334.31M
Weighted Average Basic & Diluted Shares Outstanding	314.07M	315.47M	319.51M	321.83M	322.25M	324.05M	324.83M	327.28M	327.57M	328.48M	328.89M

This table details how cash moves in and out of Mister Car Wash's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.65	111	-98	45	-46	48	-39
Net Cash From Operating Activities	70	102	173	229	205	249	286
Net Cash From Continuing Operating Activities	70	102	173	229	205	249	286
Net Income / (Loss) Continuing Operations	0.92	60	-22	113	80	70	103
Consolidated Net Income / (Loss)	0.92	60	-22	113	80	70	103
Depreciation Expense	39	45	51	62	70	81	88
Amortization Expense	2.30	1.14	1.16	1.40	1.70	1.26	1.10
Non-Cash Adjustments To Reconcile Net Income	20	-0.20	233	62	69	90	97
Changes in Operating Assets and Liabilities, net	8.18	-4.79	-89	-9.13	-16	5.93	-3.88
Net Cash From Investing Activities	-114	-13	-544	-190	-259	-200	-207
Net Cash From Continuing Investing Activities	-114	-13	-544	-190	-259	-200	-207
Purchase of Property, Plant & Equipment	-75	-59	-126	-192	-328	-330	-255
Acquisitions	-82	-34	-514	-87	-51	0.00	0.00
Sale of Property, Plant & Equipment	43	24	96	88	120	130	49
Net Cash From Financing Activities	45	23	272	6.29	8.61	-0.28	-118
Net Cash From Continuing Financing Activities	45	23	272	6.29	8.61	-0.28	-118
Repayment of Debt	-940	-134	-461	-2.10	-0.50	-1,129	-123
Issuance of Debt	1,181	157	290	0.00	0.00	1,142	0.00
Issuance of Common Equity	0.00	0.05	474	8.97	9.78	6.51	5.54
Other Financing Activities, net	-0.16	-0.22	-0.50	-0.58	-0.67	-20	-0.79
Cash Interest Paid	61	57	39	41	76	78	60
Cash Income Taxes Paid	1.65	7.44	8.89	2.22	4.22	2.53	2.54

This table details how cash moves in and out of Mister Car Wash's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-74	-43	-8.30	-7.06	13	51	-28	-13	9.14	-7.26	26
Net Cash From Operating Activities	48	39	58	61	80	50	88	47	91	60	80
Net Cash From Continuing Operating Activities	48	39	58	61	80	50	88	47	91	60	80
Net Income / (Loss) Continuing Operations	19	12	17	22	22	9.17	27	29	27	20	34
Consolidated Net Income / (Loss)	19	12	17	22	22	9.17	27	29	27	20	34
Depreciation Expense	18	19	20	20	21	20	21	22	22	23	23
Amortization Expense	0.43	0.43	12	-12	37	-36	0.29	-13	0.29	0.24	0.26
Non-Cash Adjustments To Reconcile Net Income	19	22	14	25	6.58	44	20	27	23	33	22
Changes in Operating Assets and Liabilities, net	-8.26	-14	-5.01	5.16	-6.95	13	19	-17	18	-16	0.17
Net Cash From Investing Activities	-123	-86	-77	-68	-79	24	-55	-56	-60	-35	-46
Net Cash From Continuing Investing Activities	-123	-86	-77	-68	-79	24	-55	-56	-60	-35	-46
Purchase of Property, Plant & Equipment	-91	-109	-82	-81	-97	-70	-55	-58	-66	-77	-47
Sale of Property, Plant & Equipment	14	23	4.90	14	18	94	0.12	1.66	5.07	42	0.19
Net Cash From Financing Activities	1.06	3.43	11	-0.26	12	-22	-61	-3.12	-22	-32	-6.84
Net Cash From Continuing Financing Activities	1.06	3.43	11	-0.26	12	-22	-61	-3.12	-22	-32	-6.84
Repayment of Debt	-0.50	-0.67	-928	-62	-83	-56	-62	-5.00	-22	-33	-7.00
Issuance of Common Equity	1.73	3.60	0.73	2.04	0.97	2.77	1.59	2.08	0.45	1.42	0.37
Other Financing Activities, net	-0.17	0.49	-10	-19	-0.55	-0.20	-0.19	-0.19	-0.20	-0.21	-0.21
Cash Interest Paid	26	20	19	20	21	18	7.03	25	14	14	12
Cash Income Taxes Paid	0.91	1.81	0.26	1.92	0.09	0.26	0.06	2.14	0.09	0.25	0.04

This table presents Mister Car Wash's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,948	2,448	2,686	2,882	3,102	3,173
Total Current Assets	135	59	106	61	99	60
Cash & Equivalents	115	20	65	19	67	28
Accounts Receivable	5.66	24	19	21	14	16
Inventories, net	6.42	6.33	9.17	8.95	5.73	5.49
Prepaid Expenses	5.03	8.77	13	12	12	9.62
Plant, Property, & Equipment, net	263	472	561	725	815	914
Total Noncurrent Assets	1,550	1,917	2,019	2,096	2,188	2,199
Goodwill	737	1,060	1,110	1,135	1,135	1,135
Intangible Assets	127	130	124	118	113	111
Other Noncurrent Operating Assets	686	727	786	843	941	954
Total Liabilities & Shareholders' Equity	1,948	2,448	2,686	2,882	3,102	3,173
Total Liabilities	1,932	1,791	1,885	1,967	2,103	2,040
Total Current Liabilities	123	130	154	170	187	185
Short-Term Debt	8.40	-	-	0.00	6.92	0.00
Accounts Payable	24	27	26	34	30	28
Accrued Expenses	19	20	41	39	39	42
Current Deferred Revenue	25	28	29	33	34	36
Current Employee Benefit Liabilities	13	17	17	20	27	25
Other Current Liabilities	34	38	41	45	50	55
Total Noncurrent Liabilities	1,809	1,661	1,731	1,797	1,916	1,855
Long-Term Debt	1,055	896	896	897	909	797
Capital Lease Obligations	16	15	15	14	13	12
Noncurrent Deferred & Payable Income Tax Liabilities	46	23	53	72	102	138
Other Noncurrent Operating Liabilities	692	726	767	814	892	908
Total Equity & Noncontrolling Interests	17	657	801	915	998	1,133
Total Preferred & Common Equity	17	657	801	915	998	1,133
Total Common Equity	17	657	801	915	998	1,133
Common Stock	94	755	787	820	834	865
Retained Earnings	-76	-98	14	95	165	268
Accumulated Other Comprehensive Income / (Loss)	-1.12	0.23	0.00	-	0.00	-0.29

This table presents Mister Car Wash's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,631	2,717	2,831	2,860	2,925	2,973	3,046	3,091	3,106	3,143	3,206
Total Current Assets	112	104	182	105	53	51	53	66	58	69	89
Cash & Equivalents	75	70	136	62	11	3.61	16	39	26	36	55
Accounts Receivable	17	15	25	21	24	28	18	12	14	17	18
Inventories, net	8.89	8.23	8.27	9.22	7.65	5.86	5.49	5.24	5.41	5.38	5.05
Prepaid Expenses	11	11	13	13	10	13	13	9.24	12	11	11
Plant, Property, & Equipment, net	514	597	596	661	773	816	871	844	881	916	930
Total Noncurrent Assets	2,005	2,017	2,053	2,094	2,099	2,106	2,122	2,181	2,168	2,159	2,187
Goodwill	1,107	1,110	1,110	1,136	1,135	1,135	1,135	1,135	1,135	1,135	1,135
Intangible Assets	126	122	121	119	116	114	113	112	112	111	110
Other Noncurrent Operating Assets	772	785	823	839	849	857	874	934	921	913	942
Total Liabilities & Shareholders' Equity	2,631	2,717	2,831	2,860	2,925	2,973	3,046	3,091	3,106	3,143	3,206
Total Liabilities	1,856	1,889	1,965	1,967	1,997	2,024	2,066	2,057	2,035	2,038	2,031
Total Current Liabilities	142	154	187	175	175	180	194	194	176	194	183
Short-Term Debt	-	-	-	-	6.92	9.25	9.25	0.00	0.00	0.00	0.00
Accounts Payable	28	30	36	35	34	40	45	36	31	36	26
Accrued Expenses	25	31	59	42	31	28	27	43	35	38	37
Current Deferred Revenue	29	31	32	33	34	35	35	35	37	37	38
Current Employee Benefit Liabilities	20	20	17	22	24	21	30	28	22	30	27
Other Current Liabilities	40	42	43	44	46	47	48	51	52	53	55
Total Noncurrent Liabilities	1,714	1,735	1,778	1,792	1,822	1,844	1,873	1,863	1,859	1,844	1,848
Long-Term Debt	895	896	897	897	913	919	931	854	849	827	790
Capital Lease Obligations	15	15	14	14	14	14	13	13	13	13	12
Noncurrent Deferred & Payable Income Tax Liabilities	46	59	65	68	80	92	97	109	119	131	149
Other Noncurrent Operating Liabilities	758	765	802	812	815	819	831	887	878	874	897
Total Equity & Noncontrolling Interests	776	829	865	893	929	949	979	1,034	1,071	1,105	1,175
Total Preferred & Common Equity	776	829	865	893	929	949	979	1,034	1,071	1,105	1,175
Total Common Equity	776	829	865	893	929	949	979	1,034	1,071	1,105	1,175
Common Stock	778	793	803	810	817	816	824	842	850	857	873
Retained Earnings	-3.28	36	63	82	111	133	156	192	220	248	302
Accumulated Other Comprehensive Income / (Loss)	0.60	-	-	-	-	-	-	-	0.35	0.08	0.49

This table displays calculated financial ratios and metrics derived from Mister Car Wash's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-8.67%	31.90%	15.58%	5.77%	7.30%	5.70%
EBITDA Growth	0.00%	62.22%	-75.09%	431.09%	-0.34%	6.77%	8.55%
EBIT Growth	0.00%	90.64%	-103.15%	4,262.28%	-5.10%	3.36%	8.76%
NOPAT Growth	0.00%	113.16%	-102.82%	4,703.61%	-4.68%	-11.64%	19.70%
Net Income Growth	0.00%	6,465.54%	-136.50%	612.13%	-29.03%	-12.34%	46.75%
EPS Growth	0.00%	0.00%	-136.36%	525.00%	-29.41%	-12.50%	47.62%
Operating Cash Flow Growth	0.00%	45.34%	70.21%	32.22%	-10.71%	21.48%	14.92%
Free Cash Flow Firm Growth	0.00%	0.00%	33.68%	108.33%	-146.84%	411.21%	33.28%
Invested Capital Growth	0.00%	0.00%	58.40%	6.30%	9.77%	2.92%	2.88%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.68%	1.73%	2.16%	0.96%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-2.45%	-9.80%	-12.99%	4.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-4.30%	-14.30%	-2.58%	4.96%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-8.07%	-1.06%	-3.60%	5.74%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-14.11%	-6.29%	-4.37%	11.83%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-26.09%	-4.00%	-8.70%	14.81%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-2.19%	11.53%	-2.19%	4.46%	3.70%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-340.79%	245.28%	-36.35%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	2.20%	3.77%	-2.95%	0.24%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	18.56%	32.96%	6.22%	28.60%	26.95%	26.82%	27.54%
Operating Margin	11.92%	24.89%	-0.59%	21.42%	19.22%	17.99%	19.04%
EBIT Margin	11.92%	24.89%	-0.59%	21.42%	19.22%	18.51%	19.05%
Profit (Net Income) Margin	0.15%	10.51%	-2.91%	12.88%	8.64%	7.06%	9.80%
Tax Burden Percent	-53.61%	78.27%	46.77%	77.42%	77.77%	68.41%	73.19%
Interest Burden Percent	-2.29%	53.93%	1,045.19%	77.68%	57.84%	55.76%	70.33%
Effective Tax Rate	0.00%	21.73%	0.00%	22.58%	22.23%	31.59%	26.81%
Return on Invested Capital (ROIC)	0.00%	22.91%	-0.25%	9.10%	8.02%	6.68%	7.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	12.17%	-2.29%	5.36%	1.30%	0.73%	2.47%
Return on Net Nonoperating Assets (RNNOA)	0.00%	702.65%	-6.29%	6.39%	1.32%	0.67%	1.91%
Return on Equity (ROE)	0.00%	725.56%	-6.54%	15.48%	9.34%	7.34%	9.67%
Cash Return on Invested Capital (CROIC)	0.00%	-177.09%	-45.45%	2.99%	-1.30%	3.80%	4.92%
Operating Return on Assets (OROA)	0.00%	7.34%	-0.21%	7.31%	6.40%	6.15%	6.38%
Return on Assets (ROA)	0.00%	3.10%	-1.00%	4.40%	2.88%	2.35%	3.29%
Return on Common Equity (ROCE)	0.00%	725.56%	-6.54%	15.48%	9.34%	7.34%	9.67%
Return on Equity Simple (ROE_SIMPLE)	0.00%	362.78%	-3.35%	14.09%	8.76%	7.04%	0.00%
Net Operating Profit after Tax (NOPAT)	53	112	-3.16	145	139	122	147
NOPAT Margin	8.35%	19.48%	-0.42%	16.58%	14.94%	12.31%	13.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	10.74%	2.04%	3.73%	6.72%	5.95%	5.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	8.49%	7.58%	6.35%	7.54%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	87.86%	81.70%	103.65%	78.69%	80.77%	80.76%	79.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	87.65%	75.11%	100.59%	78.58%	80.78%	82.01%	80.99%
Earnings before Interest and Taxes (EBIT)	75	143	-4.51	188	178	184	200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	117	190	47	251	250	267	290
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	33.78	8.24	3.51	2.97	2.35	1.61
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.89	0.98	7.14	3.21	2.93	2.36	1.73
Price to Earnings (P/E)	155.82	9.31	0.00	24.93	33.86	33.45	17.67
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.64%	10.74%	0.00%	4.01%	2.95%	2.99%	5.66%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.56	4.07	2.22	2.00	1.73	1.36
Enterprise Value to Revenue (EV/Rev)	0.00	2.65	8.32	4.18	3.89	3.23	2.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.04	133.60	14.60	14.43	12.04	8.99
Enterprise Value to EBIT (EV/EBIT)	0.00	10.65	0.00	19.50	20.24	17.44	12.99
Enterprise Value to NOPAT (EV/NOPAT)	0.00	13.60	0.00	25.19	26.03	26.23	17.76
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.96	36.38	15.97	17.62	12.92	9.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	76.56	0.00	46.07	28.01
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	64.81	1.39	1.14	1.00	0.93	0.71
Long-Term Debt to Equity	0.00	64.31	1.39	1.14	1.00	0.92	0.71
Financial Leverage	0.00	57.73	2.75	1.19	1.01	0.92	0.77
Leverage Ratio	0.00	117.02	6.53	3.52	3.24	3.13	2.94
Compound Leverage Factor	0.00	63.11	68.20	2.74	1.88	1.74	2.07
Debt to Total Capital	0.00%	98.48%	58.11%	53.20%	49.90%	48.21%	41.66%
Short-Term Debt to Total Capital	0.00%	0.77%	0.00%	0.00%	0.00%	0.36%	0.00%
Long-Term Debt to Total Capital	0.00%	97.71%	58.11%	53.20%	49.90%	47.85%	41.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	1.52%	41.89%	46.80%	50.10%	51.79%	58.34%
Debt to EBITDA	0.00	5.69	19.31	3.63	3.65	3.48	2.79
Net Debt to EBITDA	0.00	5.07	18.89	3.37	3.57	3.23	2.70
Long-Term Debt to EBITDA	0.00	5.65	19.31	3.63	3.65	3.46	2.79
Debt to NOPAT	0.00	9.63	-288.79	6.27	6.58	7.59	5.52
Net Debt to NOPAT	0.00	8.58	-282.50	5.82	6.44	7.04	5.33
Long-Term Debt to NOPAT	0.00	9.56	-288.79	6.27	6.58	7.53	5.52
Altman Z-Score	0.00	0.66	2.03	1.44	1.35	1.23	1.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.10	0.45	0.69	0.36	0.53	0.32
Quick Ratio	0.00	0.98	0.34	0.55	0.24	0.44	0.24
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-866	-574	48	-22	70	93
Operating Cash Flow to CapEx	223.69%	289.71%	581.16%	221.60%	98.32%	124.40%	138.12%
Free Cash Flow to Firm to Interest Expense	0.00	-13.13	-13.47	1.14	-0.30	0.86	1.56
Operating Cash Flow to Interest Expense	0.91	1.54	4.07	5.47	2.72	3.05	4.81
Operating Cash Flow Less CapEx to Interest Expense	0.50	1.01	3.37	3.00	-0.05	0.60	1.33
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.30	0.35	0.34	0.33	0.33	0.34
Accounts Receivable Turnover	0.00	101.67	51.34	40.76	46.19	56.32	69.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	2.19	2.06	1.70	1.44	1.29	1.22
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	3.59	7.11	8.96	7.90	6.48	5.28
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	3.59	7.11	8.96	7.90	6.48	5.28
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	978	1,549	1,647	1,807	1,860	1,914
Invested Capital Turnover	0.00	1.18	0.60	0.55	0.54	0.54	0.56
Increase / (Decrease) in Invested Capital	0.00	978	571	98	161	53	54
Enterprise Value (EV)	0.00	1,524	6,306	3,660	3,606	3,211	2,602
Market Capitalization	563	563	5,415	2,815	2,714	2,349	1,821
Book Value per Share	$0.00	$0.06	$2.21	$2.63	$2.91	$3.10	$3.46
Tangible Book Value per Share	$0.00	($3.24)	($1.79)	($1.42)	($1.07)	($0.77)	($0.34)
Total Capital	0.00	1,096	1,569	1,712	1,826	1,928	1,942
Total Debt	0.00	1,079	912	911	911	929	809
Total Long-Term Debt	0.00	1,071	912	911	911	922	809
Net Debt	0.00	961	892	845	892	862	781
Capital Expenditures (CapEx)	31	35	30	103	208	200	207
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-97	-91	-114	-128	-148	-154
Debt-free Net Working Capital (DFNWC)	0.00	20	-71	-48	-109	-81	-125
Net Working Capital (NWC)	0.00	12	-71	-48	-109	-88	-125
Net Nonoperating Expense (NNE)	52	52	19	32	58	52	43
Net Nonoperating Obligations (NNO)	0.00	961	892	845	892	862	781
Total Depreciation and Amortization (D&A)	42	46	52	63	72	83	89
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-16.95%	-12.03%	-12.96%	-13.78%	-14.92%	-14.61%
Debt-free Net Working Capital to Revenue	0.00%	3.55%	-9.41%	-5.52%	-11.72%	-8.14%	-11.90%
Net Working Capital to Revenue	0.00%	2.09%	-9.41%	-5.52%	-11.72%	-8.83%	-11.90%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.08)	$0.37	$0.26	$0.22	$0.32
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	280.22M	303.37M	311.04M	320.03M	326.25M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.08)	$0.34	$0.24	$0.21	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	280.22M	327.56M	328.24M	329.51M	332.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	301.36M	307.30M	315.47M	324.05M	328.48M
Normalized Net Operating Profit after Tax (NOPAT)	52	82	-19	145	139	131	157
Normalized NOPAT Margin	8.20%	14.32%	-2.56%	16.50%	14.95%	13.16%	14.95%
Pre Tax Income Margin	-0.27%	13.42%	-6.22%	16.64%	11.11%	10.32%	13.39%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.98	2.17	-0.11	4.48	2.37	2.26	3.37
NOPAT to Interest Expense	0.68	1.70	-0.07	3.47	1.84	1.50	2.47
EBIT Less CapEx to Interest Expense	0.57	1.64	-0.81	2.01	-0.40	-0.19	-0.11
NOPAT Less CapEx to Interest Expense	0.28	1.17	-0.77	1.00	-0.93	-0.95	-1.02
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	21,166.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	21,233.37%	0.62%	-133.83%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Mister Car Wash's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	328,479,065.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	328,479,065.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.58%	7.37%	5.85%	7.66%	6.52%	9.14%	9.40%	4.07%	5.54%	4.00%	6.21%
EBITDA Growth	26.12%	-31.95%	25.70%	-8.51%	76.11%	-71.55%	10.10%	-1.55%	4.97%	23.31%	11.51%
EBIT Growth	31.22%	-43.87%	4.58%	4.50%	15.17%	-13.58%	10.96%	-1.51%	4.57%	29.74%	11.41%
NOPAT Growth	11.59%	-6.63%	-20.82%	-15.92%	9.34%	-17.89%	41.25%	13.55%	-1.80%	37.86%	11.51%
Net Income Growth	-18.80%	-30.29%	-21.29%	-18.58%	14.66%	-25.92%	62.29%	29.44%	22.69%	118.90%	26.60%
EPS Growth	-14.29%	-20.00%	-16.67%	-12.50%	16.67%	-50.00%	60.00%	28.57%	14.29%	200.00%	25.00%
Operating Cash Flow Growth	-4.87%	-10.47%	-13.47%	21.53%	65.33%	27.10%	50.97%	-23.10%	14.25%	20.47%	-9.01%
Free Cash Flow Firm Growth	81.73%	-95.18%	-64.64%	-1,103.33%	-42.82%	77.18%	118.81%	109.95%	132.91%	24.45%	-161.32%
Invested Capital Growth	8.11%	9.77%	10.93%	15.10%	10.05%	2.92%	0.51%	0.98%	-0.39%	2.88%	3.28%
Revenue Q/Q Growth	-1.19%	-1.68%	3.93%	6.63%	-2.24%	0.74%	4.17%	1.44%	-0.85%	-0.74%	6.39%
EBITDA Q/Q Growth	-12.20%	-8.62%	6.51%	-20.10%	69.01%	-85.24%	452.36%	-28.56%	18.97%	-13.26%	27.91%
EBIT Q/Q Growth	-18.20%	-14.50%	-14.44%	15.22%	-9.85%	-35.84%	66.50%	2.27%	-4.27%	-20.41%	42.98%
NOPAT Q/Q Growth	-15.79%	-22.95%	1.57%	27.60%	9.50%	-42.14%	74.72%	2.57%	-5.30%	-18.77%	41.33%
Net Income Q/Q Growth	-28.18%	-36.48%	34.42%	32.78%	1.14%	-58.96%	194.47%	5.91%	-4.14%	-26.78%	70.31%
EPS Q/Q Growth	-25.00%	-33.33%	25.00%	40.00%	0.00%	-71.43%	300.00%	12.50%	-11.11%	-25.00%	66.67%
Operating Cash Flow Q/Q Growth	-3.47%	-19.02%	48.06%	5.00%	31.31%	-37.74%	75.87%	-46.51%	95.09%	-34.35%	32.83%
Free Cash Flow Firm Q/Q Growth	-551.31%	-39.97%	-15.81%	-37.15%	35.76%	77.64%	195.48%	-27.45%	112.47%	-151.33%	22.51%
Invested Capital Q/Q Growth	6.19%	3.77%	2.47%	1.93%	1.53%	-2.95%	0.08%	2.41%	0.15%	0.24%	0.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	26.09%	24.25%	33.30%	24.96%	43.14%	6.32%	33.52%	23.61%	28.33%	24.75%	29.76%
Operating Margin	18.39%	16.02%	17.79%	21.57%	19.89%	12.66%	20.24%	20.40%	19.70%	15.79%	21.23%
EBIT Margin	18.39%	16.00%	19.96%	21.57%	19.89%	12.67%	20.24%	20.41%	19.70%	15.80%	21.23%
Profit (Net Income) Margin	8.32%	5.38%	6.96%	8.66%	8.96%	3.65%	10.32%	10.77%	10.42%	7.68%	12.30%
Tax Burden Percent	81.34%	73.17%	64.41%	63.58%	77.22%	69.67%	73.08%	73.33%	72.52%	74.07%	73.15%
Interest Burden Percent	55.64%	45.95%	54.11%	63.17%	58.35%	41.37%	69.75%	71.99%	72.90%	65.66%	79.19%
Effective Tax Rate	18.66%	26.83%	35.59%	36.42%	22.78%	30.33%	26.92%	26.67%	27.48%	25.93%	26.85%
Return on Invested Capital (ROIC)	8.13%	6.29%	6.12%	7.45%	8.17%	4.78%	8.10%	8.10%	7.78%	6.52%	8.76%
ROIC Less NNEP Spread (ROIC-NNEP)	6.29%	4.61%	4.90%	5.95%	6.39%	3.30%	6.77%	6.85%	6.61%	5.24%	7.62%
Return on Net Nonoperating Assets (RNNOA)	6.35%	4.67%	4.92%	5.61%	6.10%	3.03%	6.04%	6.01%	5.52%	4.04%	5.44%
Return on Equity (ROE)	14.48%	10.97%	11.04%	13.06%	14.27%	7.81%	14.14%	14.12%	13.30%	10.55%	14.20%
Cash Return on Invested Capital (CROIC)	0.55%	-1.30%	-2.92%	-7.04%	-2.62%	3.80%	6.71%	6.36%	7.63%	4.92%	4.75%
Operating Return on Assets (OROA)	6.11%	5.33%	6.65%	7.12%	6.56%	4.21%	6.85%	6.90%	6.63%	5.29%	7.20%
Return on Assets (ROA)	2.76%	1.79%	2.32%	2.86%	2.95%	1.21%	3.49%	3.64%	3.51%	2.58%	4.17%
Return on Common Equity (ROCE)	14.48%	10.97%	11.04%	13.06%	14.27%	7.81%	14.14%	14.12%	13.30%	10.55%	14.20%
Return on Equity Simple (ROE_SIMPLE)	9.58%	0.00%	8.14%	7.44%	7.50%	0.00%	7.80%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	35	27	27	35	38	22	39	40	38	31	43
NOPAT Margin	14.96%	11.72%	11.46%	13.71%	15.36%	8.82%	14.79%	14.96%	14.29%	11.69%	15.53%
Net Nonoperating Expense Percent (NNEP)	1.84%	1.68%	1.22%	1.50%	1.79%	1.48%	1.34%	1.25%	1.17%	1.28%	1.14%
Return On Investment Capital (ROIC_SIMPLE)	-	1.48%	-	-	-	1.15%	2.04%	2.05%	1.93%	1.57%	2.18%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	81.04%	82.41%	82.85%	77.30%	80.88%	82.17%	79.71%	79.34%	79.35%	80.02%	78.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	81.61%	83.95%	82.21%	78.44%	80.11%	87.34%	79.76%	79.60%	80.40%	84.22%	78.77%
Earnings before Interest and Taxes (EBIT)	43	37	48	55	50	32	53	54	52	41	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	61	56	80	64	108	16	88	63	75	65	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.93	2.97	2.62	2.40	2.14	2.35	2.47	1.82	1.58	1.61	1.95
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.89	2.93	2.59	2.37	2.15	2.36	2.51	1.90	1.68	1.73	2.14
Price to Earnings (P/E)	20.14	33.86	32.18	32.23	28.53	33.45	31.72	22.41	18.92	17.67	20.76
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.97%	2.95%	3.11%	3.10%	3.51%	2.99%	3.15%	4.46%	5.28%	5.66%	4.82%
Enterprise Value to Invested Capital (EV/IC)	1.48	2.00	1.81	1.70	1.58	1.73	1.82	1.46	1.33	1.36	1.58
Enterprise Value to Revenue (EV/Rev)	2.82	3.89	3.57	3.35	3.11	3.23	3.33	2.71	2.45	2.47	2.84
Enterprise Value to EBITDA (EV/EBITDA)	9.28	14.43	12.62	12.36	9.89	12.04	12.32	10.18	9.19	8.99	10.19
Enterprise Value to EBIT (EV/EBIT)	12.37	20.24	18.64	17.61	16.04	17.44	17.87	14.79	13.36	12.99	14.72
Enterprise Value to NOPAT (EV/NOPAT)	18.36	26.03	25.61	26.02	23.88	26.23	25.23	20.04	18.39	17.76	20.12
Enterprise Value to Operating Cash Flow (EV/OCF)	12.29	17.62	17.16	15.57	12.74	12.92	12.17	10.55	9.25	9.11	10.93
Enterprise Value to Free Cash Flow (EV/FCFF)	276.42	0.00	0.00	0.00	0.00	46.07	27.16	23.12	17.46	28.01	33.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.00	1.01	0.99	0.97	0.93	0.84	0.80	0.76	0.71	0.68
Long-Term Debt to Equity	1.02	1.00	1.00	0.98	0.96	0.92	0.84	0.80	0.76	0.71	0.68
Financial Leverage	1.01	1.01	1.00	0.94	0.95	0.92	0.89	0.88	0.84	0.77	0.71
Leverage Ratio	3.29	3.24	3.21	3.20	3.15	3.13	3.07	3.01	2.97	2.94	2.85
Compound Leverage Factor	1.83	1.49	1.74	2.02	1.84	1.29	2.14	2.17	2.16	1.93	2.26
Debt to Total Capital	50.51%	49.90%	50.14%	49.81%	49.34%	48.21%	45.61%	44.59%	43.18%	41.66%	40.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.37%	0.49%	0.48%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.51%	49.90%	49.77%	49.32%	48.86%	47.85%	45.61%	44.59%	43.18%	41.66%	40.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.49%	50.10%	49.86%	50.19%	50.66%	51.79%	54.39%	55.41%	56.82%	58.34%	59.43%
Debt to EBITDA	3.29	3.65	3.51	3.62	3.11	3.48	3.15	3.15	3.03	2.79	2.69
Net Debt to EBITDA	3.07	3.57	3.47	3.61	3.06	3.23	3.01	3.05	2.90	2.70	2.51
Long-Term Debt to EBITDA	3.29	3.65	3.49	3.59	3.08	3.46	3.15	3.15	3.03	2.79	2.69
Debt to NOPAT	6.51	6.58	7.13	7.63	7.51	7.59	6.46	6.20	6.06	5.52	5.31
Net Debt to NOPAT	6.06	6.44	7.04	7.60	7.38	7.04	6.17	6.01	5.80	5.33	4.95
Long-Term Debt to NOPAT	6.51	6.58	7.07	7.55	7.44	7.53	6.46	6.20	6.06	5.52	5.31
Altman Z-Score	0.90	1.19	1.11	1.07	1.00	1.07	1.17	1.02	0.96	0.98	1.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.60	0.36	0.30	0.28	0.27	0.53	0.34	0.33	0.36	0.32	0.49
Quick Ratio	0.47	0.24	0.20	0.18	0.18	0.44	0.26	0.23	0.27	0.24	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-96	-134	-155	-213	-137	-31	29	21	45	-23	-18
Operating Cash Flow to CapEx	63.21%	45.34%	75.37%	89.95%	101.44%	0.00%	159.29%	83.08%	151.06%	171.13%	171.32%
Free Cash Flow to Firm to Interest Expense	-5.01	-6.71	-7.08	-10.50	-6.62	-1.64	1.82	1.40	3.20	-1.63	-1.46
Operating Cash Flow to Interest Expense	2.53	1.96	2.65	3.01	3.87	2.67	5.46	3.09	6.50	4.23	6.49
Operating Cash Flow Less CapEx to Interest Expense	-1.47	-2.37	-0.87	-0.34	0.06	3.94	2.03	-0.63	2.20	1.76	2.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.33	0.33	0.33	0.33	0.33	0.34	0.34	0.34	0.34	0.34
Accounts Receivable Turnover	47.73	46.19	47.95	36.52	49.86	56.32	56.09	48.89	58.86	69.10	70.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.55	1.44	1.37	1.36	1.27	1.29	1.26	1.21	1.17	1.22	1.20
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	7.65	7.90	7.61	9.99	7.32	6.48	6.51	7.47	6.20	5.28	5.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	7.65	7.90	7.61	9.99	7.32	6.48	6.51	7.47	6.20	5.28	5.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,742	1,807	1,852	1,888	1,917	1,860	1,862	1,906	1,909	1,914	1,923
Invested Capital Turnover	0.54	0.54	0.53	0.54	0.53	0.54	0.55	0.54	0.54	0.56	0.56
Increase / (Decrease) in Invested Capital	131	161	183	248	175	53	9.53	19	-7.38	54	61
Enterprise Value (EV)	2,571	3,606	3,357	3,213	3,032	3,211	3,385	2,788	2,549	2,602	3,037
Market Capitalization	1,722	2,714	2,434	2,275	2,095	2,349	2,557	1,952	1,744	1,821	2,289
Book Value per Share	$2.86	$2.91	$2.94	$2.97	$3.04	$3.10	$3.19	$3.30	$3.38	$3.46	$3.58
Tangible Book Value per Share	($1.16)	($1.07)	($1.02)	($0.94)	($0.83)	($0.77)	($0.66)	($0.54)	($0.43)	($0.34)	($0.21)
Total Capital	1,804	1,826	1,863	1,892	1,933	1,928	1,901	1,933	1,945	1,942	1,977
Total Debt	911	911	934	942	954	929	867	862	840	809	802
Total Long-Term Debt	911	911	927	933	945	922	867	862	840	809	802
Net Debt	849	892	923	938	937	862	828	835	804	781	748
Capital Expenditures (CapEx)	77	86	77	68	79	-24	55	56	60	35	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-132	-128	-126	-124	-148	-148	-167	-145	-161	-154	-149
Debt-free Net Working Capital (DFNWC)	-70	-109	-115	-120	-132	-81	-128	-119	-125	-125	-94
Net Working Capital (NWC)	-70	-109	-122	-129	-141	-88	-128	-119	-125	-125	-94
Net Nonoperating Expense (NNE)	16	15	11	13	16	13	12	11	10	10	8.99
Net Nonoperating Obligations (NNO)	849	892	923	938	937	862	828	835	804	781	748
Total Depreciation and Amortization (D&A)	18	19	32	8.65	58	-16	35	8.49	23	23	24
Debt-free, Cash-free Net Working Capital to Revenue	-14.47%	-13.78%	-13.37%	-12.90%	-15.21%	-14.92%	-16.42%	-14.12%	-15.42%	-14.61%	-13.92%
Debt-free Net Working Capital to Revenue	-7.64%	-11.72%	-12.23%	-12.52%	-13.52%	-8.14%	-12.57%	-11.55%	-12.00%	-11.90%	-8.80%
Net Working Capital to Revenue	-7.64%	-11.72%	-12.97%	-13.49%	-14.47%	-8.83%	-12.57%	-11.55%	-12.00%	-11.90%	-8.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.04	$0.05	$0.07	$0.07	$0.03	$0.08	$0.09	$0.08	$0.07	$0.10
Adjusted Weighted Average Basic Shares Outstanding	312.88M	311.04M	315.84M	319.42M	321.92M	320.03M	324.20M	325.56M	327.39M	326.25M	328.48M
Adjusted Diluted Earnings per Share	$0.06	$0.04	$0.05	$0.07	$0.07	$0.02	$0.08	$0.09	$0.08	$0.06	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	328.84M	328.24M	330.01M	328.33M	329.30M	329.51M	331.48M	331.82M	332.36M	332.10M	334.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	314.07M	315.47M	319.51M	321.83M	322.25M	324.05M	324.83M	327.28M	327.57M	328.48M	328.89M
Normalized Net Operating Profit after Tax (NOPAT)	36	27	26	37	37	31	39	40	40	39	43
Normalized NOPAT Margin	15.42%	11.72%	11.05%	14.43%	14.76%	12.42%	14.83%	15.15%	15.05%	14.81%	15.57%
Pre Tax Income Margin	10.23%	7.35%	10.80%	13.62%	11.60%	5.24%	14.12%	14.69%	14.36%	10.37%	16.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.25	1.84	2.18	2.72	2.40	1.71	3.31	3.57	3.69	2.91	4.80
NOPAT to Interest Expense	1.83	1.35	1.25	1.73	1.85	1.19	2.42	2.62	2.68	2.15	3.51
EBIT Less CapEx to Interest Expense	-1.75	-2.48	-1.33	-0.63	-1.42	2.97	-0.12	-0.15	-0.61	0.44	1.02
NOPAT Less CapEx to Interest Expense	-2.17	-2.98	-2.26	-1.62	-1.96	2.45	-1.01	-1.10	-1.63	-0.32	-0.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	13.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from Mister Car Wash (MCW) across the last four years, based on the quarterly income statements, cash flow statements, and balance sheets provided.

Revenue growth: Operating Revenue rose from about $214.4 million in 2022 Q4 to about $261.2 million in 2025 Q4, signaling sustained top-line expansion.
Profitability improving in 2025: Net income attributable to common shareholders rose to about $20.07 million in 2025 Q4 from roughly $9.17 million in 2024 Q4, indicating improved profitability.
Solid cash flow from operations: Net cash from continuing operating activities was strong across 2025, e.g., $59.97 million in 2025 Q4 and $91.36 million in 2025 Q3, with positive cash flow in each quarter shown.
Deleveraging trend: Long-term debt declined from about $896.2 million at 2024 Q4 to about $827.2 million by 2025 Q3, implying improvement in leverage and balance sheet strength.
Ongoing capex: Capital expenditures on property, plant & equipment have been meaningful and rising through 2025 (roughly $55.1M in Q1 2025 to about $76.7M in Q4 2025), indicating continued growth/maintenance investment.
Earnings per share stable to improving: Basic EPS ranged roughly $0.07–$0.09 and Diluted EPS around $0.06–$0.09 in 2025, reflecting steady per-share profitability with a growing share count.
Reported margins pattern: In several quarters, cost of revenue is shown as zero, making gross profit roughly equal to revenue in those periods. This pattern suggests either a data artifact or an unusual revenue/cost structure needing closer inspection.
Working capital movements: Changes in operating assets and liabilities often show net cash outflows (negative net increases), such as around -$16.0 million in 2025 Q4, signaling cash used for working capital needs.
Liquidity modest but steady: Cash and cash equivalents hovered in the mid-$30 million range in 2025 (e.g., about $35.7 million in 2025 Q3), providing a modest liquidity cushion alongside ongoing capex and debt activity.
Financing activity sometimes negative: Net cash from financing activities was negative in several quarters (for example, around -$32.2 million in 2025 Q4), indicating debt repayments/equity movements that reduced cash from financing sources.

05/19/26 11:48 AM ETAI Generated. May Contain Errors.

Mister Car Wash Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Mister Car Wash's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Mister Car Wash's net income appears to be on an upward trend, with a most recent value of $103.08 million in 2025, rising from $920 thousand in 2019. The previous period was $70.24 million in 2024. See Mister Car Wash's forecast for analyst expectations on what's next for the company.

Mister Car Wash's total operating income in 2025 was $200.20 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $851.53 million

Over the last 6 years, Mister Car Wash's total revenue changed from $629.53 million in 2019 to $1.05 billion in 2025, a change of 67.0%.

Mister Car Wash's total liabilities were at $2.04 billion at the end of 2025, a 3.0% decrease from 2024, and a 5.6% increase since 2020.

In the past 5 years, Mister Car Wash's cash and equivalents has ranged from $19.05 million in 2023 to $114.65 million in 2020, and is currently $28.45 million as of their latest financial filing in 2025.

Over the last 6 years, Mister Car Wash's book value per share changed from 0.00 in 2019 to 3.46 in 2025, a change of 345.9%.

Related Companies

Financial statements for NYSE:MCW last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Mister Car Wash (MCW) Financials

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Mister Car Wash (MCW) Financials

Annual Income Statements for Mister Car Wash

Quarterly Income Statements for Mister Car Wash

Annual Cash Flow Statements for Mister Car Wash

Quarterly Cash Flow Statements for Mister Car Wash

Annual Balance Sheets for Mister Car Wash

Quarterly Balance Sheets for Mister Car Wash

Annual Metrics And Ratios for Mister Car Wash

Quarterly Metrics And Ratios for Mister Car Wash

Financials Breakdown Chart

Key Financial Trends

Mister Car Wash Financials - Frequently Asked Questions

When does Mister Car Wash's fiscal year end?

How has Mister Car Wash's net income changed over the last 6 years?

What is Mister Car Wash's operating income?

How has Mister Car Wash's revenue changed over the last 6 years?

How much debt does Mister Car Wash have?

How much cash does Mister Car Wash have?

How has Mister Car Wash's book value per share changed over the last 6 years?

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