Karooooo Ltd. (KARO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$8.71	$9.53	+9.4%	—	$1.6B	—
Q4 26	$8.66	$7.18	-17.1%	—	$1.4B	—
Q3 26	$8.1	$8.54	+5.4%	—	$1.4B	—
Q2 26	$7.71	$8.28	+7.4%	—	$1.3B	—
Q1 26	$7.74	$8.55	+10.5%	—	$1.3B	—
Q4 25	$6.9	$9.48	+37.4%	—	$1.2B	—
Q3 25	$6.73	$7.67	+14.0%	—	$70.6M	—
Q2 25	$6.85	$7.35	+7.3%	—	$64M	—
Q1 25	$6.55	$7.17	+9.5%	—	$1.1B	—
Q4 24	$6.16	$6.81	+10.6%	—	$1.1B	—
Q3 24	$5.47	$6.34	+15.9%	—	$1.1B	—
Q2 24	$5.28	$5.61	+6.3%	—	$1B	—
Q1 24	$5.44	$5.09	-6.4%	—	$996.8M	—
Q4 23	$0.26	$0.27	+3.8%	—	$916.4M	—
Q3 23	$5.08	$4.7	-7.5%	—	$930M	—
Q2 23	$4.83	$4.93	+2.1%	—	$859.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$32.2	—	—	$5.5B	—
FY25	—	$29.8	—	—	$4.6B	—
FY24	—	$23.9	—	—	$4.2B	—
FY23	—	$19.3	—	—	$3.5B	—
FY22

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.7B	$1.9B	$2.3B	$2.7B	$3.5B	$4.2B	$4.6B	$5.5B
YoY change	—	+14.7%	+18%	+19.9%	+27.7%	+19.9%	+8.61%	+20%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.7B	1.9B	2.3B	2.7B	3.5B	4.2B	4.6B	5.5B
Cost of revenue	484.7M	574.8M	670.5M	922.6M	1.2B	1.5B	1.4B	1.8B
Gross profit	1.2B	1.4B	1.6B	1.8B	2.3B	2.7B	3.2B	3.7B
Gross margin	71.4%	70.4%	70.7%	66.4%	64.8%	64%	70.1%	68%
Research & development	48.3M	44.9M	100.1M	149.2M	177M	212.2M	226.9M	261.5M
Selling, general & administrative	620.9M	638.3M	714.6M	888.6M	1.1B	1.3B	1.6B	1.9B
Operating expenses	662.9M	681.3M	812.6M	1B	1.3B	1.5B	1.8B	2.2B
Operating income	499.9M	630.9M	726.6M	699.1M	881.9M	1B	1.3B	1.4B
Operating margin	29.5%	32.5%	31.7%	25.5%	25.1%	24.8%	28.7%	25.8%
Non-operating income, net	—	—	-25.6M	-10.8M	-971K	-388K	-58.7M	-11.7M
Pretax income	471.2M	616.7M	696M	682.1M	894.1M	1.1B	1.2B	1.4B
Income tax	110.2M	173.2M	198.6M	205.5M	285.3M	311.6M	309.8M	348.5M
Net income	361M	443.5M	497.4M	476.6M	608.8M	754.2M	937.1M	1B
Net margin	21.3%	22.8%	21.7%	17.4%	17.4%	17.9%	20.5%	18.5%
EBITDA	764.2M	960.5M	1.2B	1.3B	1.5B	1.8B	2.1B	2.5B
EPS	9.15	14.3	13.9	15.2	19.3	23.9	29.8	32.2
Diluted EPS	9.15	14.3	13.9	15.2	19.3	23.9	29.8	32.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	1B	1.1B	1.1B	1.1B	64M	70.6M	1.2B	1.3B	1.3B	1.4B	1.4B	1.6B
Cost of revenue	379.7M	392.8M	371.9M	334.4M	19M	21.4M	350.6M	403.7M	431.5M	431M	488.8M	495.1M
Gross profit	660.5M	687.3M	716.5M	747.4M	45M	49.2M	868.9M	873.3M	912.4M	978.8M	959.6M	1.1B
Gross margin	63.5%	63.6%	65.8%	69.1%	70.4%	69.7%	71.3%	68.4%	67.9%	69.4%	66.3%	68.3%
Research & development	56M	53.7M	52.9M	57.6M	3.1M	3.5M	57.8M	63.8M	60M	62.6M	75M	75.2M
Selling, general & administrative	336.6M	332.7M	346.2M	361.7M	22.9M	24.7M	395.1M	425.6M	487.2M	515.4M	510.2M	550.1M
Operating expenses	387.7M	384.9M	396M	417.7M	25.8M	28M	451.8M	487.9M	541M	572.2M	583.8M	622.3M
Operating income	247.2M	274.7M	296.2M	299.7M	17.5M	19.8M	385.2M	351.8M	356M	369.2M	337.7M	409.7M
Operating margin	23.8%	25.4%	27.2%	27.7%	27.3%	28%	31.6%	27.5%	26.5%	26.2%	23.3%	26.2%
Non-operating income, net	—	—	—	—	-894.6K	24.8K	-43.6M	—	-12.2M	203K	302K	—
Pretax income	253.5M	278.7M	300.5M	305.3M	16.7M	19.3M	335.4M	347.1M	337.5M	354.5M	320.6M	392.7M
Income tax	75.3M	79.3M	85.8M	80M	4.2M	4.7M	80M	78.2M	89M	86M	95.4M	93.8M
Net income	178.2M	199.3M	214.7M	225.3M	12.5M	14.7M	255.3M	268.9M	248.6M	268.5M	225.2M	299M
Net margin	17.1%	18.5%	19.7%	20.8%	19.5%	20.8%	20.9%	21.1%	18.5%	19%	15.5%	19.1%
EBITDA	256.5M	282.9M	304.9M	502.3M	18.3M	20.3M	395.1M	362.2M	366.9M	374.7M	345.3M	418.2M
EPS	5.61	6.34	—	7.17	6.85	7.68	8.11	8.55	7.88	8.55	7.19	9.53
Diluted EPS	5.61	6.34	—	7.17	6.85	7.68	8.11	8.55	7.88	8.55	7.19	9.53

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	—	—	—	—	14.5B	—	1.4B	1.5B	1.9B
Enterprise value	—	—	—	—	13.7B	—	1.1B	1.4B	117.6M
Shares outstanding	375.4M	375.4M	421.6M	545.2M	571.5M	30.9M	30.9M	30.9M	30.9M

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	—	—	—	23.8	—	1.49	1.44	30.5
P/S	—	—	—	—	4.14	—	0.31	0.27	0.33
P/B	—	—	—	—	5.39	—	0.43	0.44	8.7
EV/EBITDA	—	—	—	—	9.07	—	0.51	0.59	0.86
EV/Sales	—	—	—	—	3.92	—	0.24	0.26	0.33
Earnings yield	—	—	—	—	4.19%	—	67%	69.3%	3.28%
FCF yield	—	—	—	—	3.45%	—	60.9%	51.2%	2.45%
PEG	—	—	—	—	—	—	—	—	2.66

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	71.4%	70.4%	70.7%	66.4%	64.8%	64%	70.1%	68%	68.3%
Operating margin	29.5%	32.5%	31.7%	25.5%	25.1%	24.8%	28.7%	25.8%	26.2%
Net margin	21.3%	22.8%	21.7%	17.4%	17.4%	17.9%	20.5%	18.5%	17.8%
ROE	43.1%	36.2%	38.8%	21.9%	22.6%	25.1%	28.9%	30.4%	29.2%
ROA	23.6%	24%	17.1%	15.4%	16.2%	17.5%	18.5%	17.5%	15.8%
ROIC	32.9%	37.5%	23.5%	29.4%	31.5%	26.3%	33.7%	31.7%	30.3%
Return on tangible assets	28.9%	29.6%	19.5%	18.6%	19.3%	20.5%	20.5%	19.1%	18%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.3	1.39	0.93	1.79	1.85	1.55	1.14	1.06	1.02
Quick ratio	0.74	1.02	0.93	1.75	1.75	1.55	1.14	1.05	1.01
Debt / equity	0.45	0.11	0.81	0.1	0.07	0.09	0.22	0.34	0.3
Debt / assets	0.25	0.07	0.36	0.07	0.05	0.06	0.14	0.2	0.17
Net debt / EBITDA	0.43	-0.02	0.81	-0.41	-0.52	-0.11	-0.15	-0	-0.02
Interest coverage	16	37.6	76.9	61	97.3	77.9	25.8	18.6	16.9
Effective tax rate	23.4%	28.1%	28.5%	30.1%	31.9%	29.2%	24.8%	25.6%	25.9%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	4.51	5.17	5.43	5.04	6.14	135.9	147.8	177.4	186.6
EPS (basic)	9.15	14.3	13.9	15.2	19.3	23.9	29.8	32.2	32.2
EPS (diluted)	9.15	14.3	13.9	15.2	19.3	23.9	29.8	32.2	2.02
Book value per share	2.23	3.26	3.04	3.99	4.71	97	105.1	107.7	7.09
FCF per share	0.1	1.27	0.98	0.61	0.88	0.89	27.6	24.2	60.3
Cash per share	0.14	0.39	0.25	1.34	1.69	14.8	33.8	37.4	35.9
Capex per share	1.11	1.02	1.1	1	1	28.2	32.9	—	—

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	24.7%	19.7%	20.2%	19.9%	16.2%	20.8%	22.3%	—	—
Capex / operating cash flow	69.6%	36.7%	45.7%	48.1%	43.5%	74.1%	45.8%	—	—
Payout ratio	41.1%	20.7%	54.7%	0%	54.4%	66.2%	65.4%	68.7%	66.6%
Dividend yield	—	—	—	—	2.28%	—	43.8%	47.6%	9.87%

Yield

9.87%

trailing twelve months

Frequency

Annual

Last dividend

$1.50

ex-dividend Jul 17, 2026

Payout ratio

67%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 17, 2026	$1.50
Aug 15, 2025	$1.25
Aug 8, 2024	$1.08
Jun 22, 2023	$0.85
Sep 1, 2022	$0.60

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	51.9M	146.6M	104.9M	731.7M	965.8M	459.5M	1B	1.2B
Receivables	178.3M	217.1M	253.1M	333.9M	409.2M	985.4M	597.5M	586.4M
Inventory	206M	151.6M	0	25.4M	79.2M	6.6M	3.8M	5.7M
Total current assets	480.8M	567.5M	1.3B	1.1B	1.5B	1.5B	1.7B	1.8B
Property, plant & equipment	699.2M	854.5M	1.2B	1.4B	1.6B	2B	2.5B	3.2B
Goodwill & intangibles	281.1M	344.5M	367M	526.8M	596.2M	621M	516M	498.1M
Total assets	1.5B	1.8B	2.9B	3.1B	3.8B	4.3B	5.1B	5.8B
Accounts payable	59.1M	57.1M	91.4M	99.3M	150.5M	219.5M	216M	276.2M
Short-term debt	89.7M	58.4M	964.7M	81.3M	75.1M	93.9M	566.2M	586.8M
Total current liabilities	370.3M	406.9M	1.4B	624.1M	789.4M	940.4M	1.5B	1.7B
Long-term debt	288M	72M	70.8M	136M	106.2M	172.9M	158.9M	557.5M
Total liabilities	691.5M	620.1M	1.6B	915.4M	1.1B	1.3B	1.8B	2.5B
Shareholders' equity	837.6M	1.2B	1.3B	2.2B	2.7B	3B	3.2B	3.3B
Total debt	377.7M	130.3M	1B	217.3M	181.3M	266.8M	725.1M	1.1B
Net debt	325.8M	-16.3M	930.5M	-514.5M	-784.5M	-192.7M	-317.8M	-9.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	651.1M	782M	459.5M	996.1M	40.9M	56.1M	1B	1.1B	420.8M	575.3M	1.2B	1.1B
Receivables	479.1M	519.1M	985.4M	595.8M	30.1M	35.4M	597.5M	562.1M	646.2M	675.8M	586.4M	788.2M
Inventory	110.1M	41.4M	6.6M	4.9M	251.3K	231.1K	3.8M	4.5M	4.9M	5.3M	5.7M	5.5M
Total current assets	1.3B	1.4B	1.5B	1.6B	71.8M	92.6M	1.7B	1.7B	1.1B	1.3B	1.8B	1.9B
Property, plant & equipment	—	—	2B	—	—	119.1M	2.5B	2.3B	2.5B	2.6B	3.2B	—
Goodwill & intangibles	611M	612.4M	621M	599.9M	33.8M	35.9M	516M	522.5M	526M	513.3M	498.1M	506.9M
Total assets	3.8B	4.1B	4.3B	4.6B	252M	291.4M	5.1B	5.4B	4.9B	5.2B	5.8B	6.3B
Accounts payable	449M	475.7M	219.5M	465.7M	28.8M	35M	216M	581.9M	533.7M	624.9M	276.2M	749.9M
Short-term debt	66.9M	77.1M	93.9M	115.2M	7.6M	10.7M	566.2M	370M	420M	428.2M	586.8M	530.3M
Total current liabilities	885.5M	979.7M	940.4M	1.1B	61.1M	74.2M	1.5B	1.4B	1.4B	1.5B	1.7B	1.9B
Long-term debt	153.6M	173.2M	172.9M	164M	23M	24.5M	158.9M	185.5M	235M	207.8M	557.5M	543.1M
Total liabilities	1.2B	1.3B	1.3B	1.4B	95.1M	110.8M	1.8B	1.9B	1.9B	2B	2.5B	2.7B
Shareholders' equity	2.6B	2.8B	3B	3.2B	156.8M	180.6M	3.2B	3.5B	3B	3.2B	3.3B	3.6B
Total debt	220.5M	250.2M	266.8M	279.2M	30.5M	35.2M	725.1M	555.5M	655M	636.1M	1.1B	1.1B
Net debt	-430.7M	-531.8M	-192.7M	-716.9M	-10.3M	-20.9M	-317.8M	-547.2M	234.2M	60.8M	-9.6M	-35.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	471.2M	616.7M	696M	682.1M	894.1M	1.1B	1.2B	1.4B
Depreciation & amortization	261.5M	327M	445.7M	561.9M	609.6M	731.3M	762.8M	1B
Stock-based compensation	—	—	—	—	—	—	—	—
Change in working capital	-161.5M	82.6M	-131.4M	-111.9M	-183.1M	-594.8M	208.1M	-246.8M
Operating cash flow	599.9M	1B	1B	1.1B	1.3B	1.2B	2.2B	2B
Capital expenditure	-417.6M	-382.2M	-463.7M	-547.8M	-569.2M	-873.5M	-1B	—
Investing cash flow	-415.6M	-393.2M	-472.1M	-614.4M	-575.6M	-881M	-1B	0
Dividends paid	-148.5M	-92M	-272.2M	0	-331.3M	-499.5M	-612.4M	-694.4M
Share repurchases	—	—	—	0	0	-23.8M	-3.5M	0
Financing cash flow	83.4M	-368.2M	-487.5M	-510M	-421.7M	-593M	-444M	-707.2M
Net change in cash	267.7M	279.1M	55.8M	13.9M	310.3M	-295.4M	762.1M	1.3B
Free cash flow	36.6M	478.3M	414.2M	335.3M	500.4M	27.5M	852M	747.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	—	—	—	305.3M	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	191.3M	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	327.2M	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	818.3M	—	—	—	649.4M	266.8M	556.5M	501.8M	537.3M
Capital expenditure	—	—	—	-266.7M	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	-266.7M	—	—	—	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	-18.7M	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	-38.3M	—	—	—	—	—	—	—	—
Net change in cash	—	—	—	513.2M	—	—	—	649.4M	266.8M	556.5M	501.8M	537.3M
Free cash flow	303.9M	442.9M	-1.1B	556.3M	22.8M	26.9M	-820.8M	642M	266.8M	556.5M	501.8M	537.3M

Karooooo Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement