Karooooo Ltd. (KARO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jun 9, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KARO SEC filings page.
Karooooo Ltd. (KARO) reported $245.5M in revenue for fiscal year 2025, up 12.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Karooooo Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Karooooo Ltd. has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 24.8% the prior year.
Karooooo Ltd.'s revenue grew 12.0% year-over-year to $245.5M, a solid pace of expansion. This earns a growth score of 72/100.
Karooooo Ltd. carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Karooooo Ltd.'s current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. However, the company holds substantial cash reserves (72% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Karooooo Ltd. converts 19.9% of revenue into free cash flow ($49.0M). This strong cash generation earns a score of 75/100.
Karooooo Ltd. earns a strong 28.8% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 96/100. This is up from 24.9% the prior year.
Karooooo Ltd. scores 14.55, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $2.0B against total liabilities of $98.6M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Karooooo Ltd. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Karooooo Ltd. generates $2.10 in operating cash flow ($103.9M OCF vs $49.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Karooooo Ltd. earns $35.64 in operating income for every $1 of interest expense ($70.6M vs $2.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Karooooo Ltd. generated $245.5M in revenue in fiscal year 2025. This represents an increase of 12.0% from the prior year.
Karooooo Ltd. reported $49.5M in net income in fiscal year 2025. This represents an increase of 28.7% from the prior year.
Karooooo Ltd. earned $1.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Karooooo Ltd. generated $49.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1094.2% from the prior year.
Karooooo Ltd. held $56.1M in cash against $1.7M in long-term debt as of fiscal year 2025, with $78.1M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Karooooo Ltd.'s gross margin was 70.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.2 percentage points from the prior year.
Karooooo Ltd.'s operating margin was 28.7% in fiscal year 2025, reflecting core business profitability. This is up 3.9 percentage points from the prior year.
Karooooo Ltd.'s net profit margin was 20.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.6 percentage points from the prior year.
Karooooo Ltd.'s ROE was 28.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.
Capital Allocation
Karooooo Ltd. invested $12.2M in research and development in fiscal year 2025. This represents an increase of 10.3% from the prior year.
Karooooo Ltd. spent $186K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 85.0% from the prior year.
Karooooo Ltd. invested $55.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.3% from the prior year.
KARO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Revenue | $245.5M+12.0% | $219.2M+14.6% | $191.2M+7.2% | $178.4M+18.0% | $151.1M+21.7% | $124.2M+3.3% | $120.3M |
| Cost of Revenue | $73.4M-7.1% | $78.9M+17.3% | $67.3M+12.3% | $59.9M+35.4% | $44.2M+20.3% | $36.8M+6.7% | $34.4M |
| Gross Profit | $172.2M+22.8% | $140.2M+13.2% | $123.9M+4.6% | $118.4M+10.8% | $106.9M+22.2% | $87.4M+1.9% | $85.8M |
| R&D Expenses | $12.2M+10.3% | $11.1M+14.6% | $9.7M-0.4% | $9.7M+46.7% | $6.6M+129.9% | $2.9M-16.2% | $3.4M |
| Operating Income | $70.6M+29.9% | $54.3M+13.0% | $48.1M+5.9% | $45.4M-5.3% | $47.9M+18.8% | $40.4M+13.6% | $35.5M |
| Interest Expense | $2.0M+228.4% | $603K+22.9% | $490K-28.5% | $686K+11.8% | $614K-43.0% | $1.1M-51.8% | $2.2M |
| Income Tax | $16.7M+2.6% | $16.2M+4.4% | $15.6M+16.6% | $13.3M+1.8% | $13.1M+18.3% | $11.1M+41.5% | $7.8M |
| Net Income | $49.5M+28.7% | $38.5M+18.2% | $32.6M+11.4% | $29.2M+39.2% | $21.0M+13.2% | $18.5M+10.1% | $16.8M |
| EPS (Basic) | $1.60+28.9% | $1.24+18.2% | $1.05+6.3% | $0.99-4.1% | $1.03 | N/A | N/A |
| EPS (Diluted) | $1.60+28.9% | $1.24+18.2% | $1.05+6.3% | $0.99-4.1% | $1.03 | N/A | N/A |
Not reported in any period shown, so not listed: SG&A Expenses, EBITDA, Diluted Shares (Avg).
KARO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Total Assets | $273.1M+21.7% | $224.5M+9.7% | $204.5M+1.9% | $200.7M+4.3% | $192.3M+63.0% | $118.0M | N/A |
| Current Assets | $89.1M+17.0% | $76.1M-4.6% | $79.7M+10.1% | $72.4M-17.3% | $87.5M+141.2% | $36.3M | N/A |
| Cash & Equivalents | $56.1M+134.1% | $23.9M-54.5% | $52.7M+12.9% | $46.6M+828.8% | $5.0M | N/A | N/A |
| Inventory | $206K-40.0% | $343K-92.1% | $4.3M+161.9% | $1.6M | N/A | $9.7M | N/A |
| Accounts Receivable | N/A | $51.4M+130.2% | $22.3M+2.9% | $21.7M+1.4% | $21.4M+32.8% | $16.1M | N/A |
| Goodwill | $9.4M-20.6% | $11.8M+2.3% | $11.6M-4.3% | $12.1M+47.8% | $8.2M-2.6% | $8.4M | N/A |
| Total Liabilities | $98.6M+45.0% | $68.0M+17.7% | $57.8M-2.8% | $59.5M-44.8% | $107.7M+171.6% | $39.7M | N/A |
| Current Liabilities | $78.1M+59.3% | $49.0M+13.9% | $43.0M+6.2% | $40.5M-57.2% | $94.6M+263.6% | $26.0M | N/A |
| Non-Current Liabilities | $20.5M+8.2% | $19.0M+28.8% | $14.7M-22.1% | $18.9M+44.5% | $13.1M-4.0% | $13.6M | N/A |
| Long-Term Debt | $1.7M-21.6% | $2.2M-33.6% | $3.3M-43.7% | $5.8M+205.0% | $1.9M | N/A | N/A |
| Total Equity | $172.2M+11.5% | $154.3M+6.4% | $145.1M+3.8% | $139.7M+147.6% | $56.4M+0.5% | $56.2M-5.6% | $59.5M |
| Retained Earnings | $113.5M+20.8% | $94.0M+10.2% | $85.3M+2.9% | $82.9M+54.1% | $53.8M+0.6% | $53.5M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
KARO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.9M+108.8% | $49.8M-19.0% | $61.4M+1.5% | $60.5M-2.2% | $61.9M+7.3% | $57.6M+71.8% | $33.6M |
| Capital Expenditures | $55.0M+20.3% | $45.7M+44.5% | $31.6M-12.0% | $35.9M+13.8% | $31.5M+26.9% | $24.9M-17.1% | $30.0M |
| Free Cash Flow | $49.0M+1094.2% | $4.1M-86.2% | $29.8M+21.1% | $24.6M-18.8% | $30.3M-7.4% | $32.8M+819.1% | $3.6M |
| Investing Cash Flow | -$57.9Mn/m | -$48.6Mn/m | -$33.9Mn/m | -$42.7Mn/m | -$34.2Mn/m | -$27.3M | N/A |
| Financing Cash Flow | -$23.8Mn/m | -$30.9Mn/m | -$22.9M-205.3% | $21.8Mn/m | -$32.1Mn/m | -$23.6M-497.4% | $5.9M |
| Dividends Paid | $32.9M+26.5% | $26.0M+44.1% | $18.1M | N/A | $27.6M+368.8% | $5.9M-44.2% | $10.6M |
| Share Buybacks | $186K-85.0% | $1.2M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation.
KARO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Gross Margin | 70.1%+6.2pp | 64.0%-0.8pp | 64.8%-1.6pp | 66.4%-4.3pp | 70.7%+0.3pp | 70.4%-1.0pp | 71.4% |
| Operating Margin | 28.7%+3.9pp | 24.8%-0.4pp | 25.1%-0.3pp | 25.5%-6.3pp | 31.7%-0.8pp | 32.5%+3.0pp | 29.5% |
| Net Margin | 20.2%+2.6pp | 17.5%+0.5pp | 17.0%+0.7pp | 16.4%+2.5pp | 13.9%-1.0pp | 14.9%+0.9pp | 14.0% |
| Return on Equity | 28.8%+3.8pp | 24.9%+2.5pp | 22.4%+1.5pp | 20.9%-16.3pp | 37.2%+4.2pp | 33.0%+4.7pp | 28.3% |
| Return on Assets | 18.1%+1.0pp | 17.1%+1.2pp | 15.9%+1.4pp | 14.6%+3.7pp | 10.9%-4.8pp | 15.7% | N/A |
| Current Ratio | 1.14-0.4x | 1.55-0.3x | 1.85+0.1x | 1.79+0.9x | 0.93-0.5x | 1.39 | N/A |
| Debt-to-Equity | 0.010.0x | 0.010.0x | 0.020.0x | 0.040.0x | 0.03 | N/A | N/A |
| Liabilities-to-Equity | 0.57+0.1x | 0.440.0x | 0.400.0x | 0.43-1.5x | 1.91+1.2x | 0.71 | N/A |
| Asset Turnover | 0.90-0.1x | 0.980.0x | 0.930.0x | 0.89+0.1x | 0.79-0.3x | 1.05 | N/A |
| FCF Margin | 19.9%+18.1pp | 1.9%-13.7pp | 15.6%+1.8pp | 13.8%-6.3pp | 20.1%-6.3pp | 26.4%+23.4pp | 3.0% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Karooooo Ltd. KARO | FY2025 | $245.5M | $49.5M | 20.2% | $2.0B | 75/100 |
| Amplitude, Inc. AMPL | FY2025 | $343.2M | -$88.5M | -25.8% | $2.3B | 48/100 |
| Porch Group, Inc. PRCH | FY2025 | $482.4M | -$3.4M | -0.7% | $2.0B | 41/100 |
| Lightspeed Commerce Inc. LSPD | FY2025 | $1.1B | -$667.2M | -62.0% | $1.4B | 51/100 |
Where Karooooo Ltd. Ranks
Frequently Asked Questions
What is Karooooo Ltd.'s annual revenue?
Karooooo Ltd. (KARO) reported $245.5M in total revenue for fiscal year 2025. This represents a 12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Karooooo Ltd.'s revenue growing?
Karooooo Ltd. (KARO) revenue grew by 12.0% year-over-year, from $219.2M to $245.5M in fiscal year 2025.
Is Karooooo Ltd. profitable?
Yes, Karooooo Ltd. (KARO) reported a net income of $49.5M in fiscal year 2025, with a net profit margin of 20.2%.
How much debt does Karooooo Ltd. have?
As of fiscal year 2025, Karooooo Ltd. (KARO) had $56.1M in cash and equivalents against $1.7M in long-term debt.
What is Karooooo Ltd.'s gross margin?
Karooooo Ltd. (KARO) had a gross margin of 70.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Karooooo Ltd.'s operating margin?
Karooooo Ltd. (KARO) had an operating margin of 28.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Karooooo Ltd.'s net profit margin?
Karooooo Ltd. (KARO) had a net profit margin of 20.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Karooooo Ltd.'s return on equity (ROE)?
Karooooo Ltd. (KARO) has a return on equity of 28.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Karooooo Ltd.'s free cash flow?
Karooooo Ltd. (KARO) generated $49.0M in free cash flow during fiscal year 2025. This represents a 1094.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Karooooo Ltd.'s operating cash flow?
Karooooo Ltd. (KARO) generated $103.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Karooooo Ltd.'s total assets?
Karooooo Ltd. (KARO) had $273.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Karooooo Ltd.'s capital expenditures?
Karooooo Ltd. (KARO) invested $55.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Karooooo Ltd. spend on research and development?
Karooooo Ltd. (KARO) invested $12.2M in research and development during fiscal year 2025.
What is Karooooo Ltd.'s current ratio?
Karooooo Ltd. (KARO) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Karooooo Ltd.'s debt-to-equity ratio?
Karooooo Ltd. (KARO) had a debt-to-equity ratio of 0.01 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Karooooo Ltd.'s liabilities-to-equity ratio?
Karooooo Ltd. (KARO) had a liabilities-to-equity ratio of 0.57 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Karooooo Ltd.'s return on assets (ROA)?
Karooooo Ltd. (KARO) had a return on assets of 18.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Karooooo Ltd.'s P/E ratio?
Karooooo Ltd. (KARO) trades at 40.4x earnings, its market capitalization divided by $49.5M net income, FY2025. The market capitalization is $2.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Karooooo Ltd.'s price-to-sales ratio?
Karooooo Ltd. (KARO) trades at 8.1x sales, its market capitalization divided by $245.5M revenue, FY2025. The market capitalization is $2.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Karooooo Ltd.'s Altman Z-Score?
Karooooo Ltd. (KARO) has an Altman Z-Score of 14.55, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Karooooo Ltd.'s Piotroski F-Score?
Karooooo Ltd. (KARO) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Karooooo Ltd.'s earnings high quality?
Karooooo Ltd. (KARO) has an earnings quality ratio of 2.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Karooooo Ltd. cover its interest payments?
Karooooo Ltd. (KARO) has an interest coverage ratio of 35.64x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Karooooo Ltd.?
Karooooo Ltd. (KARO) scores 75 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.