Mister Car Wash, Inc. (MCW) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MCW SEC filings page.
Mister Car Wash, Inc. (MCW) reported $1.1B in revenue over the twelve months to Mar 31, 2026, up 5.0% from the prior twelve months. 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).
Uneven cash conversion matters most: Mister Car Wash generates operating cash, but reinvestment timing heavily changes what remains after capital spending.
Operating cash flow rose from$204.7M in FY2023 to$285.7M in FY2025, showing the underlying operation continued producing more cash. Yet free cash flow moved from-$123.5M to$30.3M , indicating capital spending intensity, rather than weak operating cash generation, drove the sharpest year-to-year change in cash availability.
Revenue reached
Debt-to-equity declined from 1.0x in FY2023 to 0.7x in FY2025, showing a less leveraged balance sheet. However, the current ratio was only 0.3x in FY2025, meaning short-term liquidity remains tight even as longer-term leverage has improved; the company’s financing profile therefore looks stronger on solvency than on near-term balance-sheet flexibility.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Mister Car Wash, Inc.'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.
Mister Car Wash, Inc. has an operating margin of 19.0%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 18.0% the prior year.
Mister Car Wash, Inc.'s revenue grew 5.7% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 55/100.
Mister Car Wash, Inc. has elevated debt relative to equity (D/E of 0.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Mister Car Wash, Inc.'s current ratio of 0.32 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Mister Car Wash, Inc. generated $285.7M in operating cash flow, capex of $255.4M consumed most of it, leaving $30.3M in free cash flow. This results in a low score of 18/100, reflecting heavy capital investment rather than weak cash generation.
Mister Car Wash, Inc.'s ROE of 9.1% shows moderate profitability relative to equity, earning a score of 53/100. This is up from 7.0% the prior year.
Mister Car Wash, Inc. scores 1.30, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($2.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Mister Car Wash, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Mister Car Wash, Inc. generates $2.77 in operating cash flow ($285.7M OCF vs $103.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mister Car Wash, Inc. earns $3.40 in operating income for every $1 of interest expense ($200.2M vs $58.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Mister Car Wash, Inc. generated $277.9M in revenue in Q1 2026. This represents an increase of 6.2% from the same quarter a year earlier. Against the prior quarter it is up 6.4%.
Mister Car Wash, Inc.'s EBITDA was $82.4M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is up 28.0%.
Mister Car Wash, Inc. reported $34.2M in net income in Q1 2026. This represents an increase of 26.6% from the same quarter a year earlier. Against the prior quarter it is up 70.3%.
Mister Car Wash, Inc. earned $0.10 per diluted share (EPS) in Q1 2026. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 66.7%.
Cash & Balance Sheet
Mister Car Wash, Inc. generated $33.0M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 1.6% from the same quarter a year earlier. Against the prior quarter it is up 296.6%.
Mister Car Wash, Inc. held $54.6M in cash against $790.0M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Mister Car Wash, Inc.'s operating margin was 21.2% in Q1 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.4 percentage points.
Mister Car Wash, Inc.'s net profit margin was 12.3% in Q1 2026, showing the share of revenue converted to profit. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.
Mister Car Wash, Inc.'s ROE was 2.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Not reported for Q1 2026.
Capital Allocation
Mister Car Wash, Inc. invested $46.7M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is down 39.2%.
Not reported for Q1 2026.
Not reported for Q1 2026.
MCW 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $277.9M+6.2% | $261.2M+4.0% | $263.4M+5.7% | $265.4M+4.1% | $261.7M+9.4% | $251.2M+9.1% | $249.3M+6.5% | $255.0M+7.7% |
| SG&A Expenses | $28.8M+16.6% | $25.5M-8.5% | $22.7M-10.8% | $25.1M+0.8% | $24.7M-17.0% | $27.9M+2.4% | $25.4M-3.7% | $24.9M-10.5% |
| Operating Income | $59.0M+11.4% | $41.2M+29.7% | $51.9M+4.6% | $54.1M-1.6% | $53.0M+24.5% | $31.8M-13.8% | $49.6M+15.2% | $55.0M+4.5% |
| EBITDA | $82.4M+11.6% | $64.4M+23.5% | $74.3M+4.9% | $75.9M+0.8% | $73.9M+18.9% | $52.1M-6.0% | $70.8M+16.7% | $75.3M+8.8% |
| Interest Expense | $12.3M-23.3% | $13.6M-26.5% | $14.1M-32.0% | $15.2M-25.1% | $16.0M-20.0% | $18.6M-7.0% | $20.7M+8.1% | $20.3M+10.7% |
| Income Tax | $12.5M+26.2% | $7.0M+76.0% | $10.4M+57.6% | $10.4M-17.8% | $9.9M+8.2% | $4.0M-12.0% | $6.6M+47.4% | $12.7M+75.6% |
| Net Income | $34.2M+26.6% | $20.1M+118.9% | $27.4M+22.7% | $28.6M+29.4% | $27.0M+62.3% | $9.2M-25.9% | $22.3M+14.7% | $22.1M-18.6% |
| EPS (Basic) | $0.10+25.0% | $0.07+133.3% | $0.08+14.3% | $0.09+28.6% | $0.08+60.0% | $0.03-25.0% | $0.07+16.7% | $0.07-22.2% |
| EPS (Diluted) | $0.10+25.0% | $0.06+200.0% | $0.08+14.3% | $0.09+28.6% | $0.08+60.0% | $0.02-33.3% | $0.07+16.7% | $0.07-12.5% |
| Diluted Shares (Avg) | 334M+0.9% | N/A | 332M+0.9% | 332M+1.1% | 331M+0.4% | N/A | 329M+0.1% | 328M0.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
MCW 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+3.7% | $3.2B+2.3% | $3.1B+3.2% | $3.1B+4.5% | $3.1B+5.7% | $3.1B+7.6% | $3.0B+6.5% | $3.0B+5.0% |
| Current Assets | $88.8M+35.1% | $59.7M-39.8% | $68.8M+30.3% | $57.7M+13.9% | $65.7M+24.6% | $99.1M+62.7% | $52.8M-49.9% | $50.7M-72.1% |
| Cash & Equivalents | $54.6M+39.6% | $28.4M-57.8% | $35.7M+116.4% | $26.4M+631.6% | $39.1M+265.7% | $67.5M+254.2% | $16.5M-73.5% | $3.6M-97.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $5.1M-3.5% | $5.5M-4.2% | $5.4M-1.9% | $5.4M-7.6% | $5.2M-31.5% | $5.7M-36.0% | $5.5M-40.5% | $5.9M-29.2% |
| Accounts Receivable | $850K+94.5% | $639K-19.2% | $2.7M-5.5% | $2.6M-69.0% | $437K-93.3% | $791K-87.5% | $2.8M-51.3% | $8.5M+204.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B-0.1% | $1.1B+2.2% |
| Total Liabilities | $2.0B-1.3% | $2.0B-3.0% | $2.0B-1.4% | $2.0B+0.6% | $2.1B+3.0% | $2.1B+7.0% | $2.1B+5.1% | $2.0B+3.0% |
| Current Liabilities | $182.7M-5.6% | $184.8M-1.1% | $193.7M0.0% | $176.4M-2.0% | $193.6M+10.8% | $187.0M+10.3% | $193.7M+10.7% | $179.9M-3.8% |
| Non-Current Liabilities | $1.8B-0.8% | $1.9B-3.2% | $1.8B-1.5% | $1.9B+0.8% | $1.9B+2.3% | $1.9B+6.7% | $1.9B+4.5% | $1.8B+3.7% |
| Long-Term Debt | $790.0M-7.5% | $796.9M-12.3% | $827.2M-11.2% | $849.1M-7.6% | $853.9M-6.5% | $909.1M+1.3% | $931.0M+3.8% | $919.2M+2.5% |
| Total Equity | $1.2B+13.7% | $1.1B+13.5% | $1.1B+12.8% | $1.1B+12.8% | $1.0B+11.3% | $998.4M+9.1% | $979.4M+9.7% | $949.4M+9.7% |
| Retained Earnings | $302.1M+57.5% | $267.9M+62.5% | $247.9M+59.2% | $220.4M+65.3% | $191.8M+72.5% | $164.8M+74.2% | $155.7M+89.3% | $133.3M+112.5% |
MCW 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $79.7M-9.0% | $60.0M+20.5% | $91.4M+14.3% | $46.8M-23.1% | $87.5M+51.0% | $49.8M+27.1% | $80.0M+65.3% | $60.9M+21.5% |
| Depreciation & Amortization | $23.4M+12.0% | $23.1M+13.9% | $22.4M+5.8% | $21.7M+7.3% | $20.9M+6.7% | $20.3M+9.4% | $21.2M+20.4% | $20.3M+22.7% |
| Stock-Based Compensation | $6.8M-0.1% | N/A | $6.6M-1.8% | $6.5M+9.7% | $6.8M+9.6% | N/A | $6.7M+6.4% | $5.9M-1.5% |
| Capital Expenditures | $46.7M-15.2% | $76.7M+9.3% | $65.5M-32.3% | $58.0M-28.6% | $55.1M-32.7% | $70.2M-35.9% | $96.8M+6.6% | $81.3M+45.6% |
| Free Cash Flow | $33.0M+1.6% | -$16.8M+17.8% | $25.8M+253.3% | -$11.2M+45.0% | $32.5M+236.1% | -$20.4M+71.0% | -$16.8M+60.3% | -$20.4M-256.9% |
| Investing Cash Flow | -$46.5M+15.4% | -$35.0M-248.4% | -$60.5M+23.3% | -$56.4M+16.7% | -$55.0M+28.6% | $23.6M+127.5% | -$78.8M+36.1% | -$67.7M-623.6% |
| Financing Cash Flow | -$6.8M+88.8% | -$32.2M-43.6% | -$21.7M-285.3% | -$3.1M-1113.6% | -$60.9M-671.8% | -$22.4M-754.2% | $11.7M+1002.9% | -$257K-108.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MCW 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.2%+1.0pp | 15.8%+3.1pp | 19.7%-0.2pp | 20.4%-1.2pp | 20.2%+2.4pp | 12.7%-3.4pp | 19.9%+1.5pp | 21.6%-0.7pp |
| Net Margin | 12.3%+2.0pp | 7.7%+4.0pp | 10.4%+1.4pp | 10.8%+2.1pp | 10.3%+3.4pp | 3.6%-1.7pp | 9.0%+0.6pp | 8.7%-2.8pp |
| Return on Equity | 2.9%+0.3pp | 1.8%+0.9pp | 2.5%+0.2pp | 2.7%+0.3pp | 2.6%+0.8pp | 0.9%-0.4pp | 2.3%+0.1pp | 2.3%-0.8pp |
| Return on Assets | 1.1%+0.2pp | 0.6%+0.3pp | 0.9%+0.1pp | 0.9%+0.2pp | 0.9%+0.3pp | 0.3%-0.1pp | 0.7%+0.1pp | 0.7%-0.2pp |
| Current Ratio | 0.49+0.1x | 0.32-0.2x | 0.35+0.1x | 0.330.0x | 0.340.0x | 0.53+0.2x | 0.27-0.3x | 0.28-0.7x |
| Debt-to-Equity | 0.67-0.2x | 0.70-0.2x | 0.75-0.2x | 0.79-0.2x | 0.83-0.2x | 0.91-0.1x | 0.95-0.1x | 0.97-0.1x |
| Asset Turnover | 0.090.0x | 0.080.0x | 0.080.0x | 0.090.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.090.0x |
| FCF Margin | 11.9%-0.6pp | -6.4%+1.7pp | 9.8%+16.6pp | -4.2%+3.8pp | 12.4%+22.4pp | -8.1%+22.4pp | -6.8%+11.4pp | -8.0%-5.6pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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 |
|---|---|---|---|---|---|---|
| Mister Car Wash, Inc. MCW | FY2025 | $1.1B | $103.1M | 9.8% | $2.3B | 38/100 |
| ACV Auctions Inc. ACVA | FY2025 | $759.6M | -$66.1M | -8.7% | $1.8B | 48/100 |
| Camping World Holdings, Inc. CWH | FY2025 | $6.4B | -$105.6M | -1.7% | $287.9M | 29/100 |
| Uxin Limited UXIN | FY2025 | $463.3M | -$37.5M | -8.1% | $222.2M | 24/100 |
| Sonic Automotive, Inc. SAH | FY2025 | $15.2B | $118.7M | 0.8% | $2.0B | 40/100 |
| Kingsway Financial Services, Inc. KFS | FY2025 | $135.0M | -$10K | 0.0% | $306.6M | 26/100 |
Where Mister Car Wash, Inc. Ranks
Frequently Asked Questions
What is Mister Car Wash, Inc.'s annual revenue?
Mister Car Wash, Inc. (MCW) reported $1.1B in total revenue for fiscal year 2025. This represents a 5.7% 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 Mister Car Wash, Inc.'s revenue growing?
Mister Car Wash, Inc. (MCW) revenue grew by 5.7% year-over-year, from $994.7M to $1.1B in fiscal year 2025.
Is Mister Car Wash, Inc. profitable?
Yes, Mister Car Wash, Inc. (MCW) reported a net income of $103.1M in fiscal year 2025, with a net profit margin of 9.8%.
What is Mister Car Wash, Inc.'s EBITDA?
Mister Car Wash, Inc. (MCW) had EBITDA of $288.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mister Car Wash, Inc. have?
As of fiscal year 2025, Mister Car Wash, Inc. (MCW) had $28.4M in cash and equivalents against $796.9M in long-term debt.
What is Mister Car Wash, Inc.'s operating margin?
Mister Car Wash, Inc. (MCW) had an operating margin of 19.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mister Car Wash, Inc.'s net profit margin?
Mister Car Wash, Inc. (MCW) had a net profit margin of 9.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mister Car Wash, Inc.'s return on equity (ROE)?
Mister Car Wash, Inc. (MCW) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mister Car Wash, Inc.'s free cash flow?
Mister Car Wash, Inc. (MCW) generated $30.3M in free cash flow during fiscal year 2025. This represents a 137.2% 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 Mister Car Wash, Inc.'s operating cash flow?
Mister Car Wash, Inc. (MCW) generated $285.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mister Car Wash, Inc.'s total assets?
Mister Car Wash, Inc. (MCW) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mister Car Wash, Inc.'s capital expenditures?
Mister Car Wash, Inc. (MCW) invested $255.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Mister Car Wash, Inc.'s current ratio?
Mister Car Wash, Inc. (MCW) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Mister Car Wash, Inc.'s debt-to-equity ratio?
Mister Car Wash, Inc. (MCW) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mister Car Wash, Inc.'s return on assets (ROA)?
Mister Car Wash, Inc. (MCW) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mister Car Wash, Inc.'s Altman Z-Score?
Mister Car Wash, Inc. (MCW) has an Altman Z-Score of 1.30, placing it in the Distress Zone (elevated 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 Mister Car Wash, Inc.'s Piotroski F-Score?
Mister Car Wash, Inc. (MCW) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Mister Car Wash, Inc.'s earnings high quality?
Mister Car Wash, Inc. (MCW) has an earnings quality ratio of 2.77x, 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 Mister Car Wash, Inc. cover its interest payments?
Mister Car Wash, Inc. (MCW) has an interest coverage ratio of 3.40x, meaning it can adequately 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 Mister Car Wash, Inc.?
Mister Car Wash, Inc. (MCW) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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.