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Mister Car Wash, Inc., together with its subsidiaries, provides conveyorized car wash services in the United States. It provides express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc. and changed its name to Mister Car Wash, Inc. in March 2021. Mister Car Wash, Inc. was founded in 1996 and is headquartered in Tucson, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $288M | $103M | $30M | 9.1% | 5.7% | 46.8% |
| 2024 | $995M | $264M | $70M | $-81M | 7.0% | 7.3% | -12.3% |
| 2023 | $927M | $248M | $80M | $-123M | 8.8% | 5.8% | -29.0% |
| 2022 | $877M | $249M | $113M | $38M | 14.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 876.51 | 927.07 | 994.73 | 1,051.73 |
| Cost Of Revenue | - | 268.47 | 279.38 | 290.70 | 302.31 |
| Gross Profit | - | 608.04 | 647.70 | 704.02 | 749.42 |
| Operating Expense | - | 421.27 | 469.42 | 512.66 | 534.68 |
| Operating Income | - | 186.77 | 178.27 | 191.37 | 214.74 |
| EBITDA | - | 249.30 | 248.14 | 263.52 | 287.92 |
| EBIT | - | 187.72 | 178.14 | 182.16 | 199.72 |
| Pretax Income | - | 145.82 | 103.04 | 102.67 | 140.84 |
| Tax Provision | - | 32.92 | 22.91 | 32.43 | 37.76 |
| Net Income | - | 112.90 | 80.13 | 70.24 | 103.08 |
| Net Income Common Stockholders | - | 112.90 | 80.13 | 70.24 | 103.08 |
| Total Expenses | - | 689.74 | 748.80 | 803.36 | 836.99 |
| Interest Expense | - | 41.90 | 75.10 | 79.49 | 58.88 |
| Selling General And Administration | - | 98.86 | 105.71 | 107.98 | 98.01 |
| Normalized EBITDA | - | 248.35 | 248.26 | 277.93 | 303 |
| Normalized Income | - | 112.17 | 80.23 | 80.10 | 114.11 |
| Market Cap | 2,322.35 | 2,322.35 | 2,322.35 | 2,322.35 | 2,322.35 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mister Car Wash, Inc.this co. | MCW | $2.3B | 22.53 | 2.05 | 9.1% | 14.11 |
| PHINIA Inc. | PHIN | $2.9B | 21.49 | 1.76 | 8.2% | 7.92 |
| The Buckle, Inc. | BKE | $2.8B | 13.79 | 6.81 | 49.4% | 10.55 |
| Steven Madden, Ltd. | SHOO | $2.7B | 63.10 | 3.25 | 5.2% | 25.85 |
| OneSpaWorld Holdings Limited | OSW | $2.5B | 34.20 |
| - |
| - |
| - |
| - |
| - |
| 4.51 |
| 13.2% |
| 23.59 |
| Versigent PLC | VGNT | $2.5B | 5.04 | 1.50 | 29.8% | 2.76 |
| Sonic Automotive, Inc. | SAH | $2.4B | 20.32 | 2.26 | 11.1% | 12.63 |
| HNI Corporation | HNI | $1.8B | 50.08 | 1.48 | 3.0% | 17.55 |
| CarGurus, Inc. | CARG | $1.6B | 21.76 | 9.07 | 41.7% | 12.42 |
| Peer Median | - | 21.63 | 2.76 | 12.2% | 12.52 | |