MCW
Mister Car Wash, Inc.5.61
-0.05-0.88%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.84BP/E (TTM)
20.78Basic EPS (TTM)
0.27Dividend Yield
0%Recent Filings
8-K
Q3 revenues up 6%
Mister Car Wash reported Q3 2025 net revenues up 6% to $263.4 million, with comparable-store sales rising 3.1% and Unlimited Wash Club memberships growing 6% to over 2.2 million. Adjusted EBITDA climbed 10% to $86.8 million, fueled by margin gains and five new greenfield openings, bringing total locations to 527. Post-quarter, it acquired five Lubbock stores to dominate that market. The company holds steady on full-year guidance of $1.046-$1.054 billion in revenues. Growth demands hefty capex.
10-Q
Q2 FY2025 results
Mister Car Wash posted solid Q2 results, with net revenues climbing 4% year-over-year to $265.4M on stronger Unlimited Wash Club membership and 31 new locations, while comparable store sales edged up 1.2%. Operating income dipped slightly to $54.1M from $55.0M, but net income surged 30% to $28.6M, or $0.09 diluted EPS, thanks to lower interest costs after debt paydown. Gross margins held steady at 71%, yet store expenses rose with expansion. Cash from operations hit $134.4M year-to-date, funding $113.1M in capex for greenfield builds; free cash flow stood positive at $21.3M (derived). Debt sits at $849.1M with full revolver availability, no covenant issues. New interest rate swap hedges variability through 2027. Competition from discounters remains a key watch point.
8-K
Q2 revenues up 4%
Mister Car Wash reported Q2 2025 net revenues up 4% to $265.4 million, with comparable-store sales rising 1.2% and Unlimited Wash Club memberships growing 5% to over 2.2 million, while opening 4 new greenfield locations to reach 522 total. Adjusted EBITDA dipped 2% to $87.0 million amid higher rent expenses, yet the subscription model converted retail traffic into recurring revenue effectively. The company updated its full-year outlook, narrowing revenue guidance to $1,046-$1,054 million and expecting 30 new locations. UWC now drives 76% of wash sales.
8-K
Annual meeting results approved
Mister Car Wash held its 2025 annual stockholder meeting on May 22, with 96% of shares represented. Stockholders elected John Danhakl, John Lai, and Jonathan Seiffer as Class I directors until 2028, ratified Deloitte & Touche as auditors for 2025, and approved executive compensation on an advisory basis. High turnout signals strong investor alignment. No major disputes emerged.
10-Q
Q1 FY2025 results
Mister Car Wash kicked off 2025 with solid momentum, posting net revenues of $261.7M for Q1 ended March 31, up 9% year-over-year from $239.2M, fueled by 6% comparable store sales growth and 36 new locations. Operating income climbed to $53.0M from $42.5M, lifting margins to 20% while gross margins improved to 72% from 70%, thanks to volume gains and labor tweaks. Diluted EPS held steady at $0.08, aligning with 331M shares despite higher net income of $27.0M versus $16.6M last year. Cash from operations hit $87.6M, funding $55.1M in capex for greenfield builds, with free cash flow at $32.5M (derived); debt eased to $853.9M on the 2031 term loan at 6.79%, backed by $299.8M revolver availability and no covenant issues. Locations now total 518 across 21 states. Yet competition from discounters could pressure pricing power.
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