Karooooo vs Tuya
Karooooo and Tuya are similar in size: $314m and $322m of revenue in their latest fiscal years. Karooooo grew faster (25.6% against 7.8%). Karooooo kept more of each dollar of sales as profit: a net margin of 18.1% against 18.0%. Tuya carries less debt relative to equity (0.0% against 13.7%).
| Latest fiscal year | KaroooooKARO, 2026 | TuyaTUYA, 2025 |
|---|---|---|
| Revenue | $314m | $322m |
| Revenue growth | 25.6% | 7.8% |
| Net income | $57.0m | $57.9m |
| Operating margin | 25.8% | 3.6% |
| Net margin | 18.1% | 18.0% |
| Return on equity | 30.1% | 5.7% |
| Free cash flow | $46.4m | $73.9m |
| Cash | $72.5m | $891m |
| Total debt | $28.2m | $0 |
| Debt to equity | 13.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 2.0% | 7.1% |
| Share buybacks | — | $12,000 |
| Employees | — | — |
| Market value | $1.99bn | $979m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 21 sales | 0 buys, 0 sales |