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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.
19.04% operating margin is respectable but not wide. ROIC at 5.63%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 5.7%, steady but not accelerating.
Net debt of $1.74B represents 57.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.07B
▲ +5.7% YoY
Net Income (TTM)
$110M
▲ +46.8% YoY
Op. Margin
19.31%
▲ +1.0pp YoY
ROIC
5.74%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$31M
▲ +137.2% YoY
Op. Cash Flow (TTM)
$278M
▲ +14.9% YoY
Net Debt
$1.70B
Cash & Equiv.
$55M
5Y CAGR: +12.8%
5Y CAGR: -6.8%
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