Mister Car Wash (MCW) Financials

$7.10 +0.01 (+0.14%)

Closing price 04:00 PM Eastern

Extended Trading

$7.01 -0.09 (-1.27%)

As of 06:39 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
Net Income / (Loss) Attributable to Common Shareholders	3.61	60	-22	113	80	70
Consolidated Net Income / (Loss)	0.92	60	-22	113	80	70
Net Income / (Loss) Continuing Operations	3.61	60	-22	113	80	70
Total Pre-Tax Income	-1.72	77	-47	146	103	103
Total Operating Income	75	143	-4.51	188	178	179
Total Gross Profit	630	575	758	877	927	995
Total Revenue	630	575	758	877	927	995
Operating Revenue	630	575	758	877	927	995
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	552	432	763	689	749	816
Selling, General & Admin Expense	553	470	786	690	749	803
Other Special Charges / (Income)	-1.35	-38	-23	-0.95	0.13	12
Total Other Income / (Expense), net	-77	-66	-43	-42	-75	-76
Interest Expense	77	66	43	42	75	81
Other Income / (Expense), net	-	-	-	0.00	0.00	5.20
Income Tax Expense	-2.64	17	-25	33	23	32
Basic Earnings per Share	$0.00	$0.23	($0.08)	$0.37	$0.26	$0.22
Weighted Average Basic Shares Outstanding	260.48M	261.77M	280.22M	303.37M	311.04M	320.03M
Diluted Earnings per Share	$0.00	$0.22	($0.08)	$0.34	$0.24	$0.21
Weighted Average Diluted Shares Outstanding	272.45M	275.92M	280.22M	327.56M	328.24M	329.51M
Weighted Average Basic & Diluted Shares Outstanding	-	-	301.36M	307.30M	315.47M	324.05M

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	24	18	21	27	19	12	17	22	22	9.17
Consolidated Net Income / (Loss)	24	18	21	27	19	12	17	22	22	9.17
Net Income / (Loss) Continuing Operations	24	18	21	27	19	12	17	22	22	9.17
Total Pre-Tax Income	33	24	28	34	24	17	26	35	29	13
Total Operating Income	43	39	46	53	43	37	43	55	50	32
Total Gross Profit	218	214	226	237	234	230	239	255	249	251
Total Revenue	218	214	226	237	234	230	239	255	249	251
Operating Revenue	218	214	226	237	234	230	239	255	249	251
Total Operating Expenses	175	176	180	184	191	193	197	200	200	219
Selling, General & Admin Expense	175	173	180	189	190	190	198	197	202	206
Other Special Charges / (Income)	-0.65	2.39	-	-4.73	1.32	-	-1.53	2.90	-1.92	13
Total Other Income / (Expense), net	-10	-15	-18	-18	-19	-20	-17	-20	-21	-19
Interest Expense	-	-	18	18	19	20	22	20	21	19
Other Income / (Expense), net	-10	27	0.06	0.00	0.00	-0.06	5.19	0.00	0.00	0.01
Income Tax Expense	8.81	5.94	6.70	7.21	4.47	4.54	9.19	13	6.59	3.99
Basic Earnings per Share	$0.08	$0.05	$0.07	$0.09	$0.06	$0.04	$0.05	$0.07	$0.07	$0.03
Weighted Average Basic Shares Outstanding	304.29M	303.37M	307.29M	309.31M	312.88M	311.04M	315.84M	319.42M	321.92M	320.03M
Diluted Earnings per Share	$0.07	$0.05	$0.06	$0.08	$0.06	$0.04	$0.05	$0.07	$0.07	$0.02
Weighted Average Diluted Shares Outstanding	326.88M	327.56M	327.61M	328.28M	328.84M	328.24M	330.01M	328.33M	329.30M	329.51M
Weighted Average Basic & Diluted Shares Outstanding	304.99M	307.30M	308.52M	312.50M	314.07M	315.47M	319.51M	321.83M	322.25M	324.05M

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
Net Change in Cash & Equivalents	1.65	111	-98	45	-46	48
Net Cash From Operating Activities	70	102	173	229	205	249
Net Cash From Continuing Operating Activities	70	102	173	229	205	249
Net Income / (Loss) Continuing Operations	0.92	60	-22	113	80	70
Consolidated Net Income / (Loss)	0.92	60	-22	113	80	70
Depreciation Expense	39	45	51	62	70	81
Amortization Expense	2.30	1.14	1.16	1.40	1.70	1.26
Non-Cash Adjustments To Reconcile Net Income	20	-0.20	233	62	69	90
Changes in Operating Assets and Liabilities, net	8.18	-4.79	-89	-9.13	-16	5.93
Net Cash From Investing Activities	-114	-13	-544	-190	-259	-200
Net Cash From Continuing Investing Activities	-114	-13	-544	-190	-259	-200
Purchase of Property, Plant & Equipment	-75	-59	-126	-192	-328	-330
Acquisitions	-82	-34	-514	-87	-51	0.00
Sale of Property, Plant & Equipment	43	24	96	88	120	130
Other Investing Activities, net	0.00	55	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	45	23	272	6.29	8.61	-0.28
Net Cash From Continuing Financing Activities	45	23	272	6.29	8.61	-0.28
Repayment of Debt	-940	-134	-461	-2.10	-1.17	-1,129
Issuance of Debt	1,181	157	290	0.00	0.00	1,142
Issuance of Common Equity	0.00	0.05	474	8.97	9.78	6.51
Other Financing Activities, net	-0.16	-0.22	-0.50	-0.58	0.00	-20
Cash Interest Paid	61	57	39	41	76	78
Cash Income Taxes Paid	1.65	7.44	8.89	2.22	4.22	2.53

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	37	-9.73	4.75	66	-74	-43	-8.30	-7.06	13	51
Net Cash From Operating Activities	51	44	67	50	48	39	58	61	80	50
Net Cash From Continuing Operating Activities	51	44	67	50	48	39	58	61	80	50
Net Income / (Loss) Continuing Operations	24	18	21	27	19	12	17	22	22	9.17
Consolidated Net Income / (Loss)	24	18	21	27	19	12	17	22	22	9.17
Depreciation Expense	15	16	17	17	18	19	20	20	21	20
Amortization Expense	0.43	0.13	0.42	0.42	0.43	0.43	12	-12	37	-36
Non-Cash Adjustments To Reconcile Net Income	15	19	16	12	19	22	14	25	6.58	44
Changes in Operating Assets and Liabilities, net	-3.76	-9.67	12	-6.33	-8.26	-14	-5.01	5.16	-6.95	13
Net Cash From Investing Activities	-14	-56	-63	13	-123	-86	-77	-68	-79	24
Net Cash From Continuing Investing Activities	-14	-56	-63	13	-123	-86	-77	-68	-79	24
Purchase of Property, Plant & Equipment	-56	-60	-72	-56	-91	-109	-82	-81	-97	-70
Sale of Property, Plant & Equipment	60	24	8.90	74	14	23	4.90	14	18	94
Net Cash From Financing Activities	0.36	2.87	0.89	3.23	1.06	3.43	11	-0.26	12	-22
Net Cash From Continuing Financing Activities	0.36	2.87	0.89	3.23	1.06	3.43	11	-0.26	12	-22
Repayment of Debt	-	-	0.00	-	-0.50	-0.67	-928	-62	-83	-56
Issuance of Debt	-	-	0.00	-	-	-	948	69	94	31
Issuance of Common Equity	0.51	3.03	1.06	3.39	1.73	3.60	0.73	2.04	0.97	2.77
Other Financing Activities, net	-0.15	-0.16	-0.16	-0.16	-0.17	0.49	-0.18	-19	-0.55	-0.20
Cash Interest Paid	9.77	15	12	19	26	20	19	20	21	18
Cash Income Taxes Paid	0.63	-0.20	0.15	1.35	0.91	1.81	0.26	1.92	0.09	0.26

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

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
Total Assets	2,631	2,717	2,831	2,860	2,925	2,973	3,046
Total Current Assets	112	104	182	105	53	51	53
Cash & Equivalents	75	70	136	62	11	3.61	16
Accounts Receivable	17	15	25	21	24	28	18
Inventories, net	8.89	8.23	8.27	9.22	7.65	5.86	5.49
Prepaid Expenses	11	11	13	13	10	13	13
Plant, Property, & Equipment, net	514	597	596	661	773	816	871
Total Noncurrent Assets	2,005	2,017	2,053	2,094	2,099	2,106	2,122
Goodwill	1,107	1,110	1,110	1,136	1,135	1,135	1,135
Intangible Assets	126	122	121	119	116	114	113
Other Noncurrent Operating Assets	772	785	823	839	849	857	874
Total Liabilities & Shareholders' Equity	2,631	2,717	2,831	2,860	2,925	2,973	3,046
Total Liabilities	1,856	1,889	1,965	1,967	1,997	2,024	2,066
Total Current Liabilities	142	154	187	175	175	180	194
Short-Term Debt	-	-	-	-	6.92	9.25	9.25
Accounts Payable	28	30	36	35	34	40	45
Accrued Expenses	25	31	59	42	31	28	27
Current Deferred Revenue	29	31	32	33	34	35	35
Current Employee Benefit Liabilities	20	20	17	22	24	21	30
Other Current Liabilities	40	42	43	44	46	47	48
Total Noncurrent Liabilities	1,714	1,735	1,778	1,792	1,822	1,844	1,873
Long-Term Debt	895	896	897	897	913	919	931
Capital Lease Obligations	15	15	14	14	14	14	13
Noncurrent Deferred & Payable Income Tax Liabilities	46	59	65	68	80	92	97
Other Noncurrent Operating Liabilities	758	765	802	812	815	819	831
Total Equity & Noncontrolling Interests	776	829	865	893	929	949	979
Total Preferred & Common Equity	776	829	865	893	929	949	979
Total Common Equity	776	829	865	893	929	949	979
Common Stock	778	793	803	810	817	816	824
Retained Earnings	-3.28	36	63	82	111	133	156

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.97%	11.96%	2.98%	5.21%	7.58%	7.37%	5.85%	7.66%	6.52%	9.14%
EBITDA Growth	3.08%	33.86%	7.17%	13.84%	26.12%	-31.95%	25.70%	-8.51%	76.11%	-71.55%
EBIT Growth	-2.94%	39.58%	4.29%	15.54%	31.22%	-43.87%	4.58%	4.50%	15.17%	-13.58%
NOPAT Growth	-1.91%	-30.62%	-17.80%	-2.19%	11.59%	-6.63%	-20.82%	-15.92%	9.34%	-17.89%
Net Income Growth	-12.31%	-51.09%	-40.44%	-23.91%	-18.80%	-30.29%	-21.29%	-18.58%	14.66%	-25.92%
EPS Growth	-12.50%	-70.59%	-45.45%	-27.27%	-14.29%	-20.00%	-16.67%	-12.50%	16.67%	-50.00%
Operating Cash Flow Growth	51.15%	118.25%	-17.81%	-5.59%	-4.87%	-10.47%	-13.47%	21.53%	65.33%	27.10%
Free Cash Flow Firm Growth	48.84%	0.00%	93.71%	103.86%	81.73%	-95.18%	-64.64%	-1,103.33%	-42.82%	77.18%
Invested Capital Growth	52.59%	6.30%	8.36%	1.26%	8.11%	9.77%	10.93%	15.10%	10.05%	2.92%
Revenue Q/Q Growth	-3.37%	-1.48%	5.42%	4.84%	-1.19%	-1.68%	3.93%	6.63%	-2.24%	0.74%
EBITDA Q/Q Growth	-20.75%	69.35%	-23.62%	9.78%	-12.20%	-8.62%	6.51%	-20.10%	69.01%	-85.24%
EBIT Q/Q Growth	-27.97%	99.89%	-31.40%	15.31%	-18.20%	-14.50%	-14.44%	15.22%	-9.85%	-35.84%
NOPAT Q/Q Growth	-26.19%	-7.92%	19.78%	20.15%	-15.79%	-22.95%	1.57%	27.60%	9.50%	-42.14%
Net Income Q/Q Growth	-32.70%	-26.01%	19.04%	28.37%	-28.18%	-36.48%	34.42%	32.78%	1.14%	-58.96%
EPS Q/Q Growth	-36.36%	-28.57%	20.00%	33.33%	-25.00%	-33.33%	25.00%	40.00%	0.00%	-71.43%
Operating Cash Flow Q/Q Growth	-4.21%	-13.95%	53.19%	-25.24%	-3.47%	-19.02%	48.06%	5.00%	31.31%	-37.74%
Free Cash Flow Firm Q/Q Growth	4.68%	86.90%	-37.30%	122.51%	-551.31%	-39.97%	-15.81%	-37.15%	35.76%	77.64%
Invested Capital Q/Q Growth	-0.54%	2.20%	1.40%	-1.76%	6.19%	3.77%	2.47%	1.93%	1.53%	-2.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	22.26%	38.26%	28.05%	29.37%	26.09%	24.25%	33.30%	24.96%	43.14%	6.32%
Operating Margin	19.72%	17.99%	20.17%	22.22%	18.39%	16.02%	17.79%	21.57%	19.89%	12.66%
EBIT Margin	15.08%	30.60%	20.20%	22.22%	18.39%	16.00%	19.96%	21.57%	19.89%	12.67%
Profit (Net Income) Margin	11.03%	8.28%	9.35%	11.45%	8.32%	5.38%	6.96%	8.66%	8.96%	3.65%
Tax Burden Percent	73.14%	74.95%	75.94%	79.02%	81.34%	73.17%	64.41%	63.58%	77.22%	69.67%
Interest Burden Percent	100.00%	36.12%	60.98%	65.24%	55.64%	45.95%	54.11%	63.17%	58.35%	41.37%
Effective Tax Rate	26.86%	25.05%	24.06%	20.98%	18.66%	26.83%	35.59%	36.42%	22.78%	30.33%
Return on Invested Capital (ROIC)	9.23%	7.40%	8.43%	9.64%	8.13%	6.29%	6.12%	7.45%	8.17%	4.78%
ROIC Less NNEP Spread (ROIC-NNEP)	8.08%	6.11%	6.82%	7.88%	6.29%	4.61%	4.90%	5.95%	6.39%	3.30%
Return on Net Nonoperating Assets (RNNOA)	7.49%	7.28%	7.49%	8.05%	6.35%	4.67%	4.92%	5.61%	6.10%	3.03%
Return on Equity (ROE)	16.73%	14.68%	15.92%	17.69%	14.48%	10.97%	11.04%	13.06%	14.27%	7.81%
Cash Return on Invested Capital (CROIC)	0.00%	2.99%	0.55%	7.11%	0.55%	-1.30%	-2.92%	-7.04%	-2.62%	3.80%
Operating Return on Assets (OROA)	5.46%	10.45%	6.83%	7.37%	6.11%	5.33%	6.65%	7.12%	6.56%	4.21%
Return on Assets (ROA)	4.00%	2.83%	3.16%	3.80%	2.76%	1.79%	2.32%	2.86%	2.95%	1.21%
Return on Common Equity (ROCE)	16.73%	14.68%	15.92%	17.69%	14.48%	10.97%	11.04%	13.06%	14.27%	7.81%
Return on Equity Simple (ROE_SIMPLE)	16.95%	0.00%	11.89%	10.40%	9.58%	0.00%	8.14%	7.44%	7.50%	0.00%
Net Operating Profit after Tax (NOPAT)	31	29	35	42	35	27	27	35	38	22
NOPAT Margin	14.42%	13.48%	15.32%	17.56%	14.96%	11.72%	11.46%	13.71%	15.36%	8.82%
Net Nonoperating Expense Percent (NNEP)	1.15%	1.28%	1.60%	1.76%	1.84%	1.68%	1.22%	1.50%	1.79%	1.48%
Return On Investment Capital (ROIC_SIMPLE)	-	1.69%	-	-	-	1.48%	-	-	-	1.15%
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%
SG&A Expenses to Revenue	80.58%	80.90%	79.86%	79.78%	81.04%	82.41%	82.85%	77.30%	80.88%	82.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	80.28%	82.01%	79.86%	77.78%	81.61%	83.95%	82.21%	78.44%	80.11%	87.34%
Earnings before Interest and Taxes (EBIT)	33	66	46	53	43	37	48	55	50	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	82	63	70	61	56	80	64	108	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.37	3.51	3.20	3.44	1.93	2.97	2.62	2.40	2.14	2.35
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
Price to Revenue (P/Rev)	3.06	3.21	3.00	3.33	1.89	2.93	2.59	2.37	2.15	2.36
Price to Earnings (P/E)	19.86	24.93	26.88	33.07	20.14	33.86	32.18	32.23	28.53	33.45
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.03%	4.01%	3.72%	3.02%	4.97%	2.95%	3.11%	3.10%	3.51%	2.99%
Enterprise Value to Invested Capital (EV/IC)	2.14	2.22	2.09	2.29	1.48	2.00	1.81	1.70	1.58	1.73
Enterprise Value to Revenue (EV/Rev)	4.04	4.18	3.95	4.19	2.82	3.89	3.57	3.35	3.11	3.23
Enterprise Value to EBITDA (EV/EBITDA)	13.41	14.60	13.64	14.19	9.28	14.43	12.62	12.36	9.89	12.04
Enterprise Value to EBIT (EV/EBIT)	17.57	19.50	18.31	18.99	12.37	20.24	18.64	17.61	16.04	17.44
Enterprise Value to NOPAT (EV/NOPAT)	21.80	25.19	25.36	27.53	18.36	26.03	25.61	26.02	23.88	26.23
Enterprise Value to Operating Cash Flow (EV/OCF)	16.77	15.97	16.26	17.72	12.29	17.62	17.16	15.57	12.74	12.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	76.56	398.02	32.37	276.42	0.00	0.00	0.00	0.00	46.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.17	1.14	1.10	1.05	1.02	1.00	1.01	0.99	0.97	0.93
Long-Term Debt to Equity	1.17	1.14	1.10	1.05	1.02	1.00	1.00	0.98	0.96	0.92
Financial Leverage	0.93	1.19	1.10	1.02	1.01	1.01	1.00	0.94	0.95	0.92
Leverage Ratio	3.40	3.52	3.41	3.34	3.29	3.24	3.21	3.20	3.15	3.13
Compound Leverage Factor	3.40	1.27	2.08	2.18	1.83	1.49	1.74	2.02	1.84	1.29
Debt to Total Capital	54.00%	53.20%	52.36%	51.29%	50.51%	49.90%	50.14%	49.81%	49.34%	48.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.49%	0.48%	0.36%
Long-Term Debt to Total Capital	54.00%	53.20%	52.36%	51.29%	50.51%	49.90%	49.77%	49.32%	48.86%	47.85%
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%
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%
Common Equity to Total Capital	46.00%	46.80%	47.64%	48.71%	49.49%	50.10%	49.86%	50.19%	50.66%	51.79%
Debt to EBITDA	3.54	3.63	3.56	3.45	3.29	3.65	3.51	3.62	3.11	3.48
Net Debt to EBITDA	3.25	3.37	3.29	2.93	3.07	3.57	3.47	3.61	3.06	3.23
Long-Term Debt to EBITDA	3.54	3.63	3.56	3.45	3.29	3.65	3.49	3.59	3.08	3.46
Debt to NOPAT	5.76	6.27	6.62	6.68	6.51	6.58	7.13	7.63	7.51	7.59
Net Debt to NOPAT	5.28	5.82	6.11	5.68	6.06	6.44	7.04	7.60	7.38	7.04
Long-Term Debt to NOPAT	5.76	6.27	6.62	6.68	6.51	6.58	7.07	7.55	7.44	7.53
Altman Z-Score	1.19	1.29	1.22	1.32	0.90	1.19	1.11	1.07	1.00	1.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.69	0.68	0.97	0.60	0.36	0.30	0.28	0.27	0.53
Quick Ratio	0.65	0.55	0.55	0.86	0.47	0.24	0.20	0.18	0.18	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-524	-69	-94	21	-96	-134	-155	-213	-137	-31
Operating Cash Flow to CapEx	0.00%	124.37%	106.11%	0.00%	63.21%	45.34%	75.37%	89.95%	101.44%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-5.31	1.16	-5.01	-6.71	-7.08	-10.50	-6.62	-1.64
Operating Cash Flow to Interest Expense	0.00	0.00	3.78	2.74	2.53	1.96	2.65	3.01	3.87	2.67
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.22	3.72	-1.47	-2.37	-0.87	-0.34	0.06	3.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.34	0.34	0.33	0.33	0.33	0.33	0.33	0.33	0.33
Accounts Receivable Turnover	64.76	40.76	61.09	43.49	47.73	46.19	47.95	36.52	49.86	56.32
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.09	1.70	1.63	1.60	1.55	1.44	1.37	1.36	1.27	1.29
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	5.64	8.96	5.97	8.39	7.65	7.90	7.61	9.99	7.32	6.48
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	5.64	8.96	5.97	8.39	7.65	7.90	7.61	9.99	7.32	6.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,611	1,647	1,670	1,640	1,742	1,807	1,852	1,888	1,917	1,860
Invested Capital Turnover	0.64	0.55	0.55	0.55	0.54	0.54	0.53	0.54	0.53	0.54
Increase / (Decrease) in Invested Capital	555	98	129	20	131	161	183	248	175	53
Enterprise Value (EV)	3,446	3,660	3,490	3,752	2,571	3,606	3,357	3,213	3,032	3,211
Market Capitalization	2,611	2,815	2,649	2,977	1,722	2,714	2,434	2,275	2,095	2,349
Book Value per Share	$2.55	$2.63	$2.70	$2.80	$2.86	$2.91	$2.94	$2.97	$3.04	$3.10
Tangible Book Value per Share	($1.50)	($1.42)	($1.31)	($1.18)	($1.16)	($1.07)	($1.02)	($0.94)	($0.83)	($0.77)
Total Capital	1,686	1,712	1,740	1,776	1,804	1,826	1,863	1,892	1,933	1,928
Total Debt	910	911	911	911	911	911	934	942	954	929
Total Long-Term Debt	910	911	911	911	911	911	927	933	945	922
Net Debt	835	845	841	775	849	892	923	938	937	862
Capital Expenditures (CapEx)	-4.48	35	63	-18	77	86	77	68	79	-24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-104	-114	-120	-142	-132	-128	-126	-124	-148	-148
Debt-free Net Working Capital (DFNWC)	-29	-48	-50	-5.58	-70	-109	-115	-120	-132	-81
Net Working Capital (NWC)	-29	-48	-50	-5.58	-70	-109	-122	-129	-141	-88
Net Nonoperating Expense (NNE)	7.39	11	13	14	16	15	11	13	16	13
Net Nonoperating Obligations (NNO)	835	845	841	775	849	892	923	938	937	862
Total Depreciation and Amortization (D&A)	16	16	18	17	18	19	32	8.65	58	-16
Debt-free, Cash-free Net Working Capital to Revenue	-12.22%	-12.96%	-13.54%	-15.85%	-14.47%	-13.78%	-13.37%	-12.90%	-15.21%	-14.92%
Debt-free Net Working Capital to Revenue	-3.44%	-5.52%	-5.62%	-0.62%	-7.64%	-11.72%	-12.23%	-12.52%	-13.52%	-8.14%
Net Working Capital to Revenue	-3.44%	-5.52%	-5.62%	-0.62%	-7.64%	-11.72%	-12.97%	-13.49%	-14.47%	-8.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.05	$0.07	$0.09	$0.06	$0.04	$0.05	$0.07	$0.07	$0.03
Adjusted Weighted Average Basic Shares Outstanding	304.29M	303.37M	307.29M	309.31M	312.88M	311.04M	315.84M	319.42M	321.92M	320.03M
Adjusted Diluted Earnings per Share	$0.07	$0.05	$0.06	$0.08	$0.06	$0.04	$0.05	$0.07	$0.07	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	326.88M	327.56M	327.61M	328.28M	328.84M	328.24M	330.01M	328.33M	329.30M	329.51M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	304.99M	307.30M	308.52M	312.50M	314.07M	315.47M	319.51M	321.83M	322.25M	324.05M
Normalized Net Operating Profit after Tax (NOPAT)	31	31	35	38	36	27	26	37	37	31
Normalized NOPAT Margin	14.21%	14.32%	15.32%	15.98%	15.42%	11.72%	11.05%	14.43%	14.76%	12.42%
Pre Tax Income Margin	15.08%	11.05%	12.32%	14.49%	10.23%	7.35%	10.80%	13.62%	11.60%	5.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	2.57	2.88	2.25	1.84	2.18	2.72	2.40	1.71
NOPAT to Interest Expense	0.00	0.00	1.95	2.27	1.83	1.35	1.25	1.73	1.85	1.19
EBIT Less CapEx to Interest Expense	0.00	0.00	-0.99	3.86	-1.75	-2.48	-1.33	-0.63	-1.42	2.97
NOPAT Less CapEx to Interest Expense	0.00	0.00	-1.61	3.25	-2.17	-2.98	-2.26	-1.62	-1.96	2.45
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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.12%	0.00%	0.00%	0.00%

Frequently Asked Questions About Mister Car Wash's Financials

When does Mister Car Wash's fiscal year end?

According to the most recent income statement we have on file, Mister Car Wash's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mister Car Wash's net income changed over the last 5 years?

Mister Car Wash's net income appears to be on an upward trend, with a most recent value of $70.24 million in 2024, rising from $920 thousand in 2019. The previous period was $80.13 million in 2023.

What is Mister Car Wash's operating income?

Mister Car Wash's total operating income in 2024 was $178.93 million, based on the following breakdown:

Total Gross Profit: $994.73 million
Total Operating Expenses: $815.80 million

How has Mister Car Wash revenue changed over the last 5 years?

Over the last 5 years, Mister Car Wash's total revenue changed from $629.53 million in 2019 to $994.73 million in 2024, a change of 58.0%.

How much debt does Mister Car Wash have?

Mister Car Wash's total liabilities were at $2.10 billion at the end of 2024, a 7.0% increase from 2023, and a 8.9% increase since 2020.

How much cash does Mister Car Wash have?

In the past 4 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 $67.46 million as of their latest financial filing in 2024.

How has Mister Car Wash's book value per share changed over the last 5 years?

Over the last 5 years, Mister Car Wash's book value per share changed from 0.00 in 2019 to 3.10 in 2024, a change of 309.8%.

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This page (NYSE:MCW) was last updated on 4/25/2025 by MarketBeat.com Staff

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Mister Car Wash (MCW) Financials

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