A Business at a Glance
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Mister Car Wash, Inc.
MCW
$1.9B
Mkt Cap
Mister Car Wash, Inc. (MCW) has a current P/E ratio of 23.0, compared to its historical median P/E of 30.5. The stock is currently considered Cheap based on its historical valuation range.
Mister Car Wash, Inc. (MCW) has a 5-year average return on invested capital (ROIC) of 5.0%. This is below average and may indicate limited pricing power.
Mister Car Wash, Inc. (MCW) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Mister Car Wash, Inc. (MCW) does not currently pay a regular dividend.
Based on historical P/E analysis, Mister Car Wash, Inc. (MCW) appears cheap. The current P/E of 23.0 is 25% below its historical median of 30.5. The estimated fair value CAGR (P/E method) is 57.7%.
Mister Car Wash, Inc. (MCW) operates in the Services-Automotive Repair, Services & Parking industry, within the Consumer Cyclical sector.
Mister Car Wash, Inc. (MCW) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Who We Are Founded in 1996, Mister Car Wash, Inc. is the largest national car wash brand, with 548 locations in 21 states, as of December 31, 2025. Primarily offering express exterior cleaning services, we provide the highest quality car wash, ensuring our customers a quick and convenient experience, which we call the “Mister Experience.” Through our advanced technology and dedication to exceptional customer experiences, we deliver a clean, dry and shiny car every time. In addition, with approximately 2.3 million members, we offer North America's largest monthly car wash subscription program, Unlimited Wash Club® (“UWC”), as a flexible, quick and convenient option for customers to keep their cars clean. Our purpose is simple: Inspire People to Shine®. This starts with our own people.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 995M | 927M | 877M | 758M |
| Net Income | 110M | 103M | 70M | 80M | 113M | -22M |
| EPS | $0.34 | $0.31 | $0.21 | $0.24 | $0.34 | $-0.08 |
| Free Cash Flow | 31M | 30M | -81M | -123M | 38M | 48M |
| ROIC | 7.9% | 6.2% | 5.3% | 6.5% | 7.3% | -0.3% |
| Gross Margin | - | 36.7% | 37.3% | 38.2% | 39.7% | - |
| Debt/Equity | 0.67 | 1.55 | 1.86 | 1.91 | 2.12 | 2.51 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 206M | 200M | 179M | 178M | 188M | -4.5M |
| Operating Margin | 19.3% | 19.0% | 18.0% | 19.2% | 21.4% | -0.6% |
| ROE | 9.4% | 9.7% | 7.3% | 9.3% | 15.5% | -6.5% |
| Shares Outstanding | 329M | 333M | 334M | 334M | 332M | 276M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 630M | 575M | 758M | 877M | 927M | 995M | 1.1B | 1.1B |
| Gross Margin | 30.2% | 41.4% | N/A | 39.7% | 38.2% | 37.3% | 36.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 85M | 51M | 255M | 99M | 106M | 108M | 98M | 102M |
| EBIT | 75M | 143M | -4.5M | 188M | 178M | 179M | 200M | 206M |
| Op. Margin | 11.9% | 24.9% | -0.6% | 21.4% | 19.2% | 18.0% | 19.0% | 19.3% |
| Net Income | 920K | 60M | -22M | 113M | 80M | 70M | 103M | 110M |
| Net Margin | 0.1% | 10.5% | -2.9% | 12.9% | 8.6% | 7.1% | 9.8% | 10.3% |
| Non-Recurring | -1.3M | 38M | 23M | 949K | -125K | -12M | -15M | -15M |
| Returns on Capital | ||||||||
| ROIC | N/A | 13.9% | -0.3% | 7.3% | 6.5% | 5.3% | 6.2% | 7.9% |
| ROE | 2.9% | -257.3% | -6.5% | 15.5% | 9.3% | 7.3% | 9.7% | 9.4% |
| ROA | N/A | 6.2% | -1.0% | 4.4% | 2.9% | 2.3% | 3.3% | 3.4% |
| Cash Flow | ||||||||
| Op. Cash Flow | 70M | 102M | 173M | 229M | 205M | 249M | 286M | 278M |
| Free Cash Flow | -4.5M | 43M | 48M | 38M | -123M | -81M | 30M | 31M |
| Owner Earnings | 28M | 55M | -94M | 145M | 111M | 142M | 171M | -202M |
| CapEx | 75M | 59M | 126M | 192M | 328M | 330M | 255M | 247M |
| Maint. CapEx | 39M | 45M | 51M | 62M | 70M | 81M | 88M | 453M |
| Growth CapEx | 35M | 13M | 75M | 130M | 258M | 249M | 167M | 0 |
| D&A | 39M | 45M | 51M | 62M | 70M | 81M | 88M | 453M |
| CapEx/OCF | N/A | N/A | 72.5% | 83.6% | 160.3% | 132.8% | 89.4% | 88.9% |
| Capital Allocation | ||||||||
| Dividends Paid | 195M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 619K | 372K | 308K | 0 | 0 | 19M | 0 | 0 |
| Buyback Yield | 0.0% | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.4M | 1.5M | 217M | 22M | 24M | 26M | 27M | 27M |
| Debt Repayment | 819M | 8.4M | 457M | 2.1M | 0 | 906M | 120M | 120M |
| Balance Sheet | ||||||||
| Net Debt | N/A | 1.7B | 1.6B | 1.6B | 1.7B | 1.8B | 1.7B | 736M |
| Cash & Equiv. | 6.7M | 115M | 20M | 65M | 19M | 67M | 28M | 55M |
| Long-Term Debt | N/A | 1.1B | 896M | 896M | 897M | 909M | 797M | 790M |
| Debt/Equity | -0.07 | 107.04 | 2.51 | 2.12 | 1.91 | 1.86 | 1.55 | 0.67 |
| Interest Coverage | 1.1 | 2.2 | -0.1 | 4.5 | 2.4 | 2.3 | 3.4 | 214.8 |
| Equity | -64M | 17M | 657M | 801M | 915M | 998M | 1.1B | 1.2B |
| Total Assets | N/A | 1.9B | 2.4B | 2.7B | 2.9B | 3.1B | 3.2B | 3.2B |
| Total Liabilities | 4.3M | 1.9B | 1.8B | 1.9B | 2.0B | 2.1B | 2.0B | 2.0B |
| Intangibles | N/A | 165M | 173M | 174M | 173M | 173M | 123M | 123M |
| Retained Earnings | N/A | -76M | -98M | 14M | 95M | 165M | 268M | 302M |
| Working Capital | N/A | 12M | -71M | -48M | -109M | -88M | -125M | -94M |
| Current Assets | 1.6M | 135M | 59M | 106M | 61M | 99M | 60M | 89M |
| Current Liabilities | N/A | 123M | 130M | 154M | 170M | 187M | 185M | 183M |
| Per Share Data | ||||||||
| EPS | 0.00 | 0.22 | -0.08 | 0.34 | 0.24 | 0.21 | 0.31 | 0.34 |
| Owner EPS | 0.10 | 0.20 | -0.34 | 0.44 | 0.33 | 0.42 | 0.51 | -0.61 |
| Book Value | -0.23 | 0.06 | 2.38 | 2.41 | 2.74 | 2.98 | 3.41 | 3.58 |
| Cash Flow/Share | 0.26 | 0.37 | 0.63 | 0.69 | 0.61 | 0.74 | 0.86 | 1.71 |
| Dividends/Share | 0.71 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 272.5M | 274.6M | 275.6M | 332.1M | 333.9M | 334.5M | 332.5M | 328.7M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | 26.1 | 35.8 | 34.9 | 18.5 | 21.2 |
| P/FCF | N/A | N/A | 105.9 | 78.5 | N/A | N/A | 63.1 | 76.0 |
| EV/EBIT | N/A | N/A | N/A | 19.8 | 20.9 | 18.1 | 13.2 | 14.9 |
| Price/Book | N/A | N/A | 7.7 | 3.7 | 3.1 | 2.5 | 1.7 | 2.0 |
| Price/Sales | N/A | N/A | 6.9 | 4.7 | 2.9 | 2.5 | 2.0 | 2.2 |
| FCF Yield | N/A | N/A | 0.9% | 1.3% | -4.3% | -3.3% | 1.6% | 1.3% |
| Market Cap | 0 | N/A | 5.0B | 3.0B | 2.9B | 2.5B | 1.9B | 2.3B |
| Avg. Price | 0.00 | N/A | 18.94 | 12.45 | 8.12 | 7.34 | 6.47 | 7.12 |
| Year-End Price | 0.00 | N/A | 18.29 | 8.89 | 8.59 | 7.33 | 5.75 | 7.12 |
Mister Car Wash, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Mister Car Wash, Inc. trades at 23.0x trailing earnings, compared to its 15-year median P/E of 30.5x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 77.2x vs a median of 70.8x. The company's 5-year average ROIC is 5.0% with a gross margin of 38.0%. At current prices, the estimated annualized return to fair value is -18.5%.
Mister Car Wash, Inc. (MCW) has a net profit margin of 9.8%. This is a modest margin.
Mister Car Wash, Inc. (MCW) generated $30 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Mister Car Wash, Inc. (MCW) has a debt-to-equity ratio of 1.55. This indicates higher leverage, which may increase financial risk.
Mister Car Wash, Inc. (MCW) reported earnings per share (EPS) of $0.31 in its most recent fiscal year.
Mister Car Wash, Inc. (MCW) has a return on equity (ROE) of 9.7%. This indicates moderate shareholder returns.
Mister Car Wash, Inc. (MCW) has a 5-year average gross margin of 38.0%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Mister Car Wash, Inc. (MCW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mister Car Wash, Inc. (MCW) has a book value per share of $3.41, based on its most recent annual SEC filing.