Credit Acceptance (CACC) Financials

$463.17 -0.14 (-0.03%)

Closing price 08/8/2025 04:00 PM Eastern

Extended Trading

$463.24 +0.07 (+0.02%)

As of 08/8/2025 04:20 PM Eastern

Annual Income Statements for Credit Acceptance

This table shows Credit Acceptance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	300	333	470	574	656	421	958	536	286	248
Consolidated Net Income / (Loss)	300	333	470	574	656	421	958	536	286	248
Net Income / (Loss) Continuing Operations	300	333	470	574	656	421	958	536	286	248
Total Pre-Tax Income	475	531	584	755	856	550	1,261	712	368	330
Total Revenue	825	969	990	1,286	1,293	1,662	1,692	1,666	1,635	2,162
Net Interest Income / (Expense)	0.00	0.00	-120	0.00	-196	0.00	-164	-167	-267	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	120	0.00	196	0.00	164	167	267	0.00
Total Non-Interest Income	825	969	1,110	1,286	1,489	1,662	1,856	1,832	1,902	2,162
Service Charges on Deposit Accounts	731	874	1,012	1,177	1,369	1,562	1,743	1,686	1,755	1,993
Other Service Charges	47	52	57	62	69	50	53	83	67	74
Premiums Earned	48	43	41	47	51	57	60	63	80	96
Provision for Credit Losses	-	-	129	-	76	-	8.40	481	736	815
Total Non-Interest Expense	351	438	277	531	361	1,112	423	473	532	1,018
Salaries and Employee Benefits	116	127	140	168	193	187	218	262	280	309
Marketing Expense	46	49	58	68	70	70	65	76	92	94
Property & Liability Insurance Claims	33	26	23	26	30	38	39	46	71	74
Other Operating Expenses	155	236	56	212	65	262	100	89	87	541
Other Special Charges	-	-	-	57	1.80	557	0.00	0.00	1.80	0.00
Income Tax Expense	175	198	114	181	200	129	303	176	82	82
Basic Earnings per Share	$14.35	$16.37	$24.12	$29.52	$34.71	$23.57	$59.57	$39.50	$22.09	$20.12
Weighted Average Basic Shares Outstanding	20.89M	20.33M	19.50M	19.45M	18.90M	17.86M	16.09M	13.56M	12.95M	12.32M
Diluted Earnings per Share	$14.28	$16.31	$24.04	$29.39	$34.57	$23.47	$59.52	$39.32	$21.99	$19.88
Weighted Average Diluted Shares Outstanding	20.98M	20.41M	19.56M	19.53M	18.98M	17.94M	16.10M	13.63M	13.01M	12.47M
Weighted Average Basic & Diluted Shares Outstanding	20.90M	20.30M	19.50M	19.40M	18.15M	16.82M	14.11M	12.83M	12.30M	12.03M

This table shows Credit Acceptance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	87	127	100	22	71	94	64	-47	79	152	106
Consolidated Net Income / (Loss)	87	127	100	22	71	94	64	-47	79	152	106
Net Income / (Loss) Continuing Operations	87	127	100	22	71	94	64	-47	79	152	106
Total Pre-Tax Income	122	163	127	28	97	116	86	-55	107	192	142
Total Revenue	419	373	399	415	408	413	416	410	439	898	456
Net Interest Income / (Expense)	-42	-86	-54	-63	-71	-79	-93	-105	-111	308	-115
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	42	86	54	63	71	79	93	105	111	-308	115
Long-Term Debt Interest Expense	42	-	54	63	71	79	93	105	111	-	115
Total Non-Interest Income	460	459	454	478	479	492	508	515	550	590	571
Service Charges on Deposit Accounts	-	-	-	441	442	-	469	498	508	518	527
Other Service Charges	23	26	15	17	16	18	17	16	18	23	21
Premiums Earned	16	17	17	20	21	22	22	24	25	25	24
Provision for Credit Losses	180	-	137	251	185	164	186	321	185	123	162
Total Non-Interest Expense	116	57	135	137	127	133	143	145	148	583	153
Salaries and Employee Benefits	67	65	77	70	67	66	79	76	77	78	89
Marketing Expense	20	18	22	26	23	21	24	25	23	22	25
Property & Liability Insurance Claims	13	12	18	20	17	17	17	20	19	18	16
Other Operating Expenses	17	-16	18	21	21	27	24	23	29	465	22
Other Special Charges	0.00	-23	0.00	-	-	-	0.00	-	-	-	1.20
Income Tax Expense	35	36	27	5.70	26	23	22	-8.20	28	40	35
Basic Earnings per Share	$6.53	$9.96	$7.62	$1.70	$5.47	$7.30	$5.15	($3.83)	$6.42	$12.38	$8.79
Weighted Average Basic Shares Outstanding	13.29M	13.56M	13.06M	13.05M	12.93M	12.95M	12.48M	12.28M	12.27M	12.32M	12.09M
Diluted Earnings per Share	$6.49	$9.95	$7.61	$1.69	$5.43	$7.26	$5.08	($3.83)	$6.35	$12.28	$8.66
Weighted Average Diluted Shares Outstanding	13.36M	13.63M	13.07M	13.10M	13.04M	13.01M	12.65M	12.28M	12.42M	12.47M	12.28M
Weighted Average Basic & Diluted Shares Outstanding	12.92M	12.83M	12.84M	12.82M	12.57M	12.30M	12.11M	12.11M	12.11M	12.03M	11.60M

This table details how cash moves in and out of Credit Acceptance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-0.10	66	25	66	188	-122	38	-17	53	374
Net Cash From Operating Activities	404	507	566	704	812	985	1,069	1,239	1,204	1,138
Net Cash From Continuing Operating Activities	404	507	566	704	812	985	1,069	1,239	1,204	1,138
Net Income / (Loss) Continuing Operations	300	333	470	574	656	421	958	536	286	248
Consolidated Net Income / (Loss)	300	333	470	574	656	421	958	536	286	248
Provision For Loan Losses	42	90	129	57	76	557	8.40	481	736	815
Depreciation Expense	5.70	6.10	6.00	5.40	7.30	8.80	9.70	9.00	8.90	6.70
Amortization Expense	8.50	9.20	10	14	15	15	17	17	18	21
Non-Cash Adjustments to Reconcile Net Income	13	7.50	16	10	9.20	13	24	37	42	70
Changes in Operating Assets and Liabilities, net	36	61	-65	43	48	-29	52	159	113	-22
Net Cash From Investing Activities	-640	-878	-872	-1,238	-1,024	-674	437	-461	-1,417	-1,721
Net Cash From Continuing Investing Activities	-640	-878	-872	-1,238	-1,024	-674	437	-461	-1,417	-1,721
Purchase of Property, Leasehold Improvements and Equipment	-4.00	-5.50	-8.40	-25	-27	-8.50	-7.60	-3.10	-4.00	-1.80
Purchase of Investment Securities	-406	-793	-939	-1,225	-1,388	-1,477	-1,148	-1,145	-1,257	-1,099
Sale and/or Maturity of Investments	1,778	1,998	2,223	2,608	3,012	3,208	3,849	3,449	3,061	3,258
Other Investing Activities, net	-2,008	-2,077	-2,147	-2,596	-2,622	-2,396	-2,257	-2,761	-3,217	-3,879
Net Cash From Financing Activities	235	437	330	600	400	-433	-1,469	-795	266	957
Net Cash From Continuing Financing Activities	235	437	330	600	400	-433	-1,469	-795	266	957
Issuance of Debt	3,152	3,785	5,892	4,959	7,043	8,176	3,393	8,165	10,794	9,745
Issuance of Common Equity	-	-	-	-	-	0.00	12	15	5.20	16
Repayment of Debt	-2,831	-3,258	-5,435	-4,230	-6,342	-8,128	-3,401	-8,206	-10,337	-8,473
Repurchase of Common Equity	-87	-122	-124	-129	-300	-481	-1,472	-785	-203	-313
Other Financing Activities, Net	0.70	32	-2.50	-	-0.60	-0.80	-0.80	16	6.40	-17
Cash Interest Paid	62	88	109	141	176	192	149	147	242	393
Cash Income Taxes Paid	147	111	175	169	172	142	213	73	32	104

This table details how cash moves in and out of Credit Acceptance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-35	22	70	-76	26	33	97	-50	199	129	276
Net Cash From Operating Activities	326	287	297	283	313	311	310	204	318	306	346
Net Cash From Continuing Operating Activities	326	287	297	283	313	311	310	204	318	306	346
Net Income / (Loss) Continuing Operations	87	127	100	22	71	94	64	-47	79	152	106
Consolidated Net Income / (Loss)	87	127	100	22	71	94	64	-47	79	152	106
Provision For Loan Losses	180	130	137	251	185	164	186	321	185	123	162
Depreciation Expense	2.20	2.20	2.20	2.20	2.20	2.30	2.20	2.00	1.30	1.20	1.20
Amortization Expense	4.00	4.10	4.20	4.20	4.90	4.40	4.90	4.90	5.60	5.70	5.70
Non-Cash Adjustments to Reconcile Net Income	6.80	6.00	34	7.50	23	-23	43	23	24	-20	16
Changes in Operating Assets and Liabilities, net	46	17	19	-3.90	28	70	9.40	-99	23	44	55
Net Cash From Investing Activities	-173	-122	-344	-368	-360	-345	-584	-526	-424	-187	-292
Net Cash From Continuing Investing Activities	-173	-122	-344	-368	-360	-345	-584	-526	-424	-187	-292
Purchase of Property, Leasehold Improvements and Equipment	-0.90	-1.20	-0.90	-1.50	0.10	-1.70	-0.30	-0.40	-0.40	-0.70	-0.30
Purchase of Investment Securities	-287	-256	-361	-341	-304	-252	-329	-291	-265	-214	-287
Sale and/or Maturity of Investments	826	751	831	774	-1,585	3,041	835	799	-1,598	3,222	8.80
Other Investing Activities, net	-711	-615	-814	-799	1,529	-3,132	-1,089	-1,034	1,439	-3,195	-13
Net Cash From Financing Activities	-189	-143	118	9.00	73	66	371	272	305	9.70	221
Net Cash From Continuing Financing Activities	-189	-143	118	9.00	73	66	371	272	305	9.70	221
Issuance of Debt	2,109	1,449	2,123	2,587	2,823	3,261	3,105	3,651	2,098	892	1,160
Issuance of Common Equity	1.30	2.70	4.10	-	0.30	0.80	15	-	-	1.00	5.60
Repayment of Debt	-2,279	-1,488	-1,997	-2,567	-2,633	-3,140	-2,565	-3,314	-1,801	-793	-814
Repurchase of Common Equity	-27	-105	-15	-7.80	-126	-54	-191	-61	-	-61	-164
Other Financing Activities, Net	5.90	-1.60	2.60	-3.60	9.10	-1.70	7.60	-4.10	8.00	-29	34
Cash Interest Paid	38	42	51	57	65	69	78	105	97	113	100
Cash Income Taxes Paid	12	23	3.40	15	1.40	12	5.20	96	0.80	1.70	6.50

This table presents Credit Acceptance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,373	4,218	4,986	6,237	7,423	7,489	7,051	6,905	7,610	8,855
Cash and Due from Banks	6.30	15	8.20	26	187	16	23	7.70	13	344
Restricted Cash	216	270	302	362	390	380	411	410	458	501
Trading Account Securities	-	-	-	-	-	66	62	72	93	106
Loans and Leases, Net of Allowance	3,102	3,887	4,620	5,763	6,685	6,788	6,336	6,298	-3,065	-3,439
Allowance for Loan and Lease Losses	244	320	429	462	536	3,337	3,014	2,868	3,065	3,439
Premises and Equipment, Net	19	18	21	40	60	59	57	51	47	15
Other Assets	30	29	36	46	101	179	161	66	10,064	11,327
Total Liabilities & Shareholders' Equity	3,373	4,218	4,986	6,237	7,423	7,489	7,051	6,905	7,610	8,855
Total Liabilities	2,445	3,044	3,450	4,247	5,068	5,187	5,227	5,281	5,857	7,105
Short-Term Debt	58	0.00	14	184	11	96	2.60	40	88	0.10
Other Short-Term Payables	128	144	152	186	206	-	-	261	319	316
Long-Term Debt	2,010	2,604	3,057	3,637	4,528	4,513	4,614	4,551	4,980	6,353
Other Long-Term Liabilities	249	297	227	239	323	578	610	429	470	436
Total Equity & Noncontrolling Interests	928	1,174	1,536	1,991	2,355	2,303	1,824	1,624	1,754	1,750
Total Preferred & Common Equity	928	1,174	1,536	1,991	2,355	2,303	1,824	1,624	1,754	1,750
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	928	1,174	1,536	1,991	2,355	2,303	1,824	1,624	1,754	1,750
Common Stock	101	132	146	155	158	162	197	246	279	335
Retained Earnings	827	1,042	1,390	1,836	2,197	2,139	1,627	1,381	1,476	1,415
Accumulated Other Comprehensive Income / (Loss)	-0.10	-0.20	-0.20	-0.30	0.80	1.60	0.20	-2.90	-1.00	-0.30

This table presents Credit Acceptance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	6,892	7,155	7,206	7,397	8,097	8,255	8,683	9,258
Cash and Due from Banks	11	8.10	3.20	3.10	8.40	8.30	160	529
Restricted Cash	385	480	409	435	559	509	557	592
Trading Account Securities	68	76	81	86	100	106	114	109
Loans and Leases, Net of Allowance	6,312	6,500	6,610	6,781	7,346	7,548	-3,416	-3,499
Allowance for Loan and Lease Losses	2,875	2,884	2,989	3,032	3,138	3,337	3,416	3,499
Premises and Equipment, Net	52	50	49	47	45	16	15	14
Other Assets	65	40	52	45	39	68	11,254	11,513
Total Liabilities & Shareholders' Equity	6,892	7,155	7,206	7,397	8,097	8,255	8,683	9,258
Total Liabilities	5,303	5,432	5,459	5,696	6,445	6,701	7,037	7,547
Short-Term Debt	198	154	178	111	178	84	1.00	1.40
Long-Term Debt	4,428	4,567	4,569	4,830	5,434	5,862	6,248	6,704
Other Long-Term Liabilities	677	711	712	755	833	754	788	842
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,589	1,723	1,747	1,701	1,652	1,555	1,647	1,711
Total Preferred & Common Equity	1,589	1,723	1,747	1,701	1,652	1,555	1,647	1,711
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,589	1,723	1,747	1,701	1,652	1,555	1,647	1,711
Common Stock	236	252	262	271	304	314	325	352
Retained Earnings	1,357	1,473	1,488	1,432	1,350	1,242	1,321	1,359
Accumulated Other Comprehensive Income / (Loss)	-3.40	-2.10	-2.70	-2.90	-1.20	-1.20	0.90	0.60

This table displays calculated financial ratios and metrics derived from Credit Acceptance's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.07%	17.44%	2.13%	29.91%	0.54%	28.55%	1.80%	-1.54%	-1.82%	32.22%
EBITDA Growth	12.58%	11.83%	9.83%	29.06%	13.39%	-34.73%	124.52%	-42.72%	-46.53%	-9.36%
EBIT Growth	12.73%	11.95%	9.90%	29.34%	13.35%	-35.80%	129.46%	-43.56%	-48.35%	-10.36%
NOPAT Growth	12.58%	11.04%	41.29%	22.08%	14.30%	-35.83%	127.62%	-44.09%	-46.60%	-13.35%
Net Income Growth	12.58%	11.04%	41.29%	22.08%	14.30%	-35.83%	127.62%	-44.09%	-46.60%	-13.35%
EPS Growth	19.80%	14.22%	47.39%	22.25%	17.63%	-32.11%	153.60%	-33.94%	-44.07%	-9.60%
Operating Cash Flow Growth	10.68%	25.48%	11.59%	24.36%	15.40%	21.29%	8.55%	15.83%	-2.82%	-5.47%
Free Cash Flow Firm Growth	-425.00%	-85.80%	19.99%	-75.82%	32.48%	194.79%	253.69%	-46.70%	-142.07%	-222.53%
Invested Capital Growth	22.05%	26.09%	21.95%	26.16%	18.62%	0.25%	-6.81%	-3.51%	9.76%	18.78%
Revenue Q/Q Growth	-2.18%	4.13%	-8.26%	15.83%	-4.27%	22.19%	-8.75%	-3.00%	2.49%	28.91%
EBITDA Q/Q Growth	4.00%	3.02%	-3.04%	-5.98%	-3.81%	0.24%	74.77%	-39.22%	-66.21%	26.88%
EBIT Q/Q Growth	4.13%	3.05%	-3.18%	-6.29%	-3.93%	0.16%	77.47%	-40.05%	-67.76%	29.72%
NOPAT Q/Q Growth	2.39%	2.34%	23.51%	-4.21%	1.55%	1.06%	5.66%	-14.42%	-10.54%	30.75%
Net Income Q/Q Growth	2.39%	2.34%	23.51%	-4.21%	1.55%	1.06%	5.66%	-14.42%	-10.54%	30.75%
EPS Q/Q Growth	3.18%	3.16%	24.56%	-4.30%	2.34%	2.67%	10.41%	-10.84%	-10.90%	33.78%
Operating Cash Flow Q/Q Growth	2.30%	8.52%	1.38%	7.89%	0.17%	-0.21%	-6.23%	14.38%	2.07%	-0.44%
Free Cash Flow Firm Q/Q Growth	22.40%	-32.59%	-21.37%	45.07%	-422.88%	289.21%	12.17%	-21.64%	-200.00%	2.89%
Invested Capital Q/Q Growth	-0.55%	2.76%	5.84%	-4.74%	4.22%	-0.24%	-1.84%	-0.01%	2.70%	2.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	59.21%	56.39%	60.64%	60.24%	67.94%	34.50%	76.08%	44.26%	24.10%	16.52%
EBIT Margin	57.49%	54.81%	58.98%	58.73%	66.21%	33.06%	74.53%	42.72%	22.48%	15.24%
Profit (Net Income) Margin	36.31%	34.34%	47.50%	44.64%	50.75%	25.33%	56.64%	32.16%	17.49%	11.46%
Tax Burden Percent	63.16%	62.65%	80.54%	76.02%	76.66%	76.62%	76.00%	75.28%	77.83%	75.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	36.84%	37.35%	19.46%	23.98%	23.34%	23.38%	24.00%	24.72%	22.17%	24.76%
Return on Invested Capital (ROIC)	11.00%	9.83%	11.22%	11.02%	10.33%	6.10%	14.35%	8.47%	4.39%	3.32%
ROIC Less NNEP Spread (ROIC-NNEP)	11.00%	9.83%	11.22%	11.02%	10.33%	6.10%	14.35%	8.47%	4.39%	3.32%
Return on Net Nonoperating Assets (RNNOA)	25.77%	21.84%	23.49%	21.53%	19.86%	11.98%	32.09%	22.61%	12.55%	10.83%
Return on Equity (ROE)	36.77%	31.67%	34.71%	32.55%	30.19%	18.08%	46.44%	31.08%	16.94%	14.15%
Cash Return on Invested Capital (CROIC)	-8.86%	-13.25%	-8.56%	-12.12%	-6.71%	5.85%	21.40%	12.04%	-4.92%	-13.85%
Operating Return on Assets (OROA)	15.41%	14.00%	12.69%	13.46%	12.53%	7.37%	17.34%	10.20%	5.07%	4.00%
Return on Assets (ROA)	9.73%	8.77%	10.22%	10.23%	9.61%	5.65%	13.18%	7.68%	3.94%	3.01%
Return on Common Equity (ROCE)	36.77%	31.67%	34.71%	32.55%	30.19%	18.08%	46.44%	31.08%	16.94%	14.15%
Return on Equity Simple (ROE_SIMPLE)	32.29%	28.35%	30.62%	28.83%	27.86%	18.28%	52.53%	32.99%	16.31%	14.17%
Net Operating Profit after Tax (NOPAT)	300	333	470	574	656	421	958	536	286	248
NOPAT Margin	36.31%	34.34%	47.50%	44.64%	50.75%	25.33%	56.64%	32.16%	17.49%	11.46%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	19.67%	18.15%	20.05%	18.32%	20.38%	15.40%	16.75%	20.27%	22.74%	18.66%
Operating Expenses to Revenue	42.51%	45.19%	27.96%	41.27%	27.89%	66.94%	24.97%	28.38%	32.51%	47.09%
Earnings before Interest and Taxes (EBIT)	475	531	584	755	856	550	1,261	712	368	330
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	489	547	600	775	878	573	1,287	737	394	357
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.75	3.77	4.07	3.70	3.53	2.65	5.48	3.78	3.82	3.25
Price to Tangible Book Value (P/TBV)	4.75	3.77	4.07	3.70	3.53	2.65	5.48	3.78	3.82	3.25
Price to Revenue (P/Rev)	5.34	4.56	6.31	5.73	6.43	3.68	5.91	3.68	4.09	2.63
Price to Earnings (P/E)	14.71	13.29	13.28	12.84	12.67	14.51	10.43	11.44	23.40	22.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.80%	7.53%	7.53%	7.79%	7.89%	6.89%	9.58%	8.74%	4.27%	4.36%
Enterprise Value to Invested Capital (EV/IC)	2.09	1.78	1.96	1.86	1.78	1.49	2.20	1.66	1.66	1.38
Enterprise Value to Revenue (EV/Rev)	7.58	6.95	9.10	8.40	9.50	6.21	8.38	6.19	6.90	5.18
Enterprise Value to EBITDA (EV/EBITDA)	12.80	12.33	15.01	13.95	13.98	18.00	11.02	13.98	28.64	31.33
Enterprise Value to EBIT (EV/EBIT)	13.18	12.69	15.43	14.31	14.34	18.78	11.25	14.48	30.72	33.97
Enterprise Value to NOPAT (EV/NOPAT)	20.87	20.25	19.16	18.82	18.71	24.52	14.80	19.23	39.47	45.16
Enterprise Value to Operating Cash Flow (EV/OCF)	15.47	13.29	15.91	15.35	15.11	10.48	13.26	8.32	9.38	9.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	25.55	9.92	13.53	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.23	2.22	2.00	1.92	1.93	2.00	2.53	2.83	2.89	3.63
Long-Term Debt to Equity	2.17	2.22	1.99	1.83	1.92	1.96	2.53	2.80	2.84	3.63
Financial Leverage	2.34	2.22	2.09	1.95	1.92	1.96	2.24	2.67	2.86	3.26
Leverage Ratio	3.78	3.61	3.40	3.18	3.14	3.20	3.52	4.05	4.30	4.70
Compound Leverage Factor	3.78	3.61	3.40	3.18	3.14	3.20	3.52	4.05	4.30	4.70
Debt to Total Capital	69.02%	68.93%	66.66%	65.74%	65.84%	66.68%	71.68%	73.87%	74.29%	78.41%
Short-Term Debt to Total Capital	1.93%	0.00%	0.30%	3.16%	0.16%	1.39%	0.04%	0.64%	1.28%	0.00%
Long-Term Debt to Total Capital	67.10%	68.93%	66.36%	62.58%	65.67%	65.30%	71.64%	73.23%	73.01%	78.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.98%	31.07%	33.34%	34.26%	34.16%	33.32%	28.32%	26.13%	25.71%	21.59%
Debt to EBITDA	4.23	4.76	5.12	4.93	5.17	8.04	3.59	6.23	12.86	17.78
Net Debt to EBITDA	3.78	4.24	4.60	4.43	4.51	7.35	3.25	5.66	11.66	15.42
Long-Term Debt to EBITDA	4.11	4.76	5.09	4.70	5.15	7.87	3.58	6.17	12.63	17.78
Debt to NOPAT	6.90	7.82	6.53	6.66	6.92	10.95	4.82	8.57	17.71	25.63
Net Debt to NOPAT	6.16	6.97	5.87	5.98	6.04	10.01	4.36	7.79	16.07	22.22
Long-Term Debt to NOPAT	6.71	7.82	6.50	6.34	6.90	10.72	4.81	8.49	17.41	25.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-242	-449	-359	-631	-426	404	1,429	762	-320	-1,033
Operating Cash Flow to CapEx	10,105.00%	9,221.82%	6,738.10%	2,804.38%	3,030.97%	11,590.59%	14,071.05%	39,958.06%	30,095.00%	63,216.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-2.99	0.00	-2.17	0.00	8.70	4.57	-1.20	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	4.71	0.00	4.14	0.00	6.51	7.44	4.52	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	4.64	0.00	4.00	0.00	6.47	7.42	4.50	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.26	0.22	0.23	0.19	0.22	0.23	0.24	0.23	0.26
Fixed Asset Turnover	41.47	52.25	51.15	42.37	25.88	27.91	28.99	30.65	33.41	70.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,996	3,777	4,607	5,812	6,894	6,911	6,441	6,215	6,821	8,103
Invested Capital Turnover	0.30	0.29	0.24	0.25	0.20	0.24	0.25	0.26	0.25	0.29
Increase / (Decrease) in Invested Capital	541	782	829	1,205	1,082	17	-471	-226	607	1,281
Enterprise Value (EV)	6,254	6,741	9,007	10,805	12,276	10,322	14,181	10,304	11,291	11,194
Market Capitalization	4,408	4,422	6,246	7,372	8,314	6,109	9,999	6,131	6,695	5,686
Book Value per Share	$45.06	$57.74	$79.53	$103.10	$125.30	$130.46	$125.46	$125.65	$139.55	$144.45
Tangible Book Value per Share	$45.06	$57.74	$79.53	$103.10	$125.30	$130.46	$125.46	$125.65	$139.55	$144.45
Total Capital	2,996	3,777	4,607	5,812	6,894	6,911	6,441	6,215	6,821	8,103
Total Debt	2,068	2,604	3,071	3,821	4,539	4,609	4,616	4,591	5,068	6,353
Total Long-Term Debt	2,010	2,604	3,057	3,637	4,528	4,513	4,614	4,551	4,980	6,353
Net Debt	1,846	2,319	2,761	3,433	3,962	4,212	4,182	4,173	4,597	5,508
Capital Expenditures (CapEx)	4.00	5.50	8.40	25	27	8.50	7.60	3.10	4.00	1.80
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,068	2,604	3,071	3,821	4,539	4,609	4,616	4,591	5,068	6,353
Total Depreciation and Amortization (D&A)	14	15	16	20	22	24	26	26	27	28
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14.35	$16.37	$24.12	$29.52	$34.71	$23.57	$59.57	$39.50	$22.09	$20.12
Adjusted Weighted Average Basic Shares Outstanding	20.89M	20.33M	19.50M	19.45M	18.90M	17.86M	16.09M	13.56M	12.95M	12.32M
Adjusted Diluted Earnings per Share	$14.28	$16.31	$24.04	$29.39	$34.57	$23.47	$59.52	$39.32	$21.99	$19.88
Adjusted Weighted Average Diluted Shares Outstanding	20.98M	20.41M	19.56M	19.53M	18.98M	17.94M	16.10M	13.63M	13.01M	12.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$34.71	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.13M	19.88M	19.31M	18.78M	18.15M	16.82M	14.11M	12.83M	12.30M	12.03M
Normalized Net Operating Profit after Tax (NOPAT)	300	333	470	617	657	848	958	536	288	248
Normalized NOPAT Margin	36.31%	34.34%	47.50%	48.01%	50.86%	51.01%	56.64%	32.16%	17.58%	11.46%
Pre Tax Income Margin	57.49%	54.81%	58.98%	58.73%	66.21%	33.06%	74.53%	42.72%	22.48%	15.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	4.86	0.00	4.36	0.00	7.68	4.27	1.38	0.00
NOPAT to Interest Expense	0.00	0.00	3.91	0.00	3.34	0.00	5.84	3.22	1.07	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	4.79	0.00	4.23	0.00	7.63	4.25	1.36	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	3.84	0.00	3.21	0.00	5.79	3.20	1.06	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	28.86%	36.57%	26.27%	22.49%	45.79%	114.20%	153.58%	146.42%	70.81%	126.38%

This table displays calculated financial ratios and metrics derived from Credit Acceptance's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.74%	-12.13%	-12.35%	-0.81%	-2.49%	10.64%	4.03%	-1.23%	7.60%	117.49%	9.84%
EBITDA Growth	-62.15%	10.85%	-54.24%	-76.92%	-19.25%	-61.88%	-29.80%	-241.11%	9.46%	61.49%	58.93%
EBIT Growth	-63.25%	11.20%	-55.43%	-80.37%	-20.97%	-63.23%	-31.86%	-298.21%	10.36%	64.86%	64.00%
NOPAT Growth	-65.28%	-41.50%	-53.57%	-79.33%	-18.43%	-26.47%	-35.38%	-274.37%	11.30%	62.29%	65.32%
Net Income Growth	-65.28%	-41.50%	-53.57%	-79.33%	-18.43%	-26.47%	-35.38%	-312.16%	11.30%	62.29%	65.32%
EPS Growth	-58.90%	-32.45%	-49.06%	-78.72%	-16.33%	-27.04%	-33.25%	-326.63%	16.94%	69.15%	70.47%
Operating Cash Flow Growth	20.94%	118.76%	-21.16%	13.31%	-3.95%	8.51%	4.55%	-27.84%	1.37%	-1.61%	11.68%
Free Cash Flow Firm Growth	-29.88%	-48.69%	-97.51%	-116.43%	-182.25%	-245.26%	-3,355.60%	-557.83%	-230.21%	-120.20%	-38.50%
Invested Capital Growth	-5.27%	-3.51%	1.20%	2.87%	6.86%	9.76%	12.72%	15.52%	18.88%	18.78%	15.87%
Revenue Q/Q Growth	0.00%	-10.85%	7.05%	3.93%	-1.69%	1.15%	0.65%	-1.32%	7.10%	104.46%	-49.16%
EBITDA Q/Q Growth	-13.66%	151.68%	-58.75%	-74.25%	202.04%	18.82%	-24.05%	-151.76%	334.30%	75.31%	-25.25%
EBIT Q/Q Growth	-14.07%	159.30%	-59.95%	-78.00%	245.88%	20.62%	-25.77%	-164.00%	292.59%	80.19%	-26.16%
NOPAT Q/Q Growth	-19.18%	46.66%	-21.84%	-77.69%	218.92%	32.20%	-31.30%	-160.20%	303.57%	92.77%	-30.02%
Net Income Q/Q Growth	-19.18%	46.66%	-21.84%	-77.69%	218.92%	32.20%	-31.30%	-173.25%	267.30%	92.77%	-30.02%
EPS Q/Q Growth	-18.26%	53.31%	-23.52%	-77.79%	221.30%	33.70%	-30.03%	-175.39%	265.80%	93.39%	-29.48%
Operating Cash Flow Q/Q Growth	30.78%	-12.11%	3.38%	-4.65%	10.86%	-0.70%	-0.39%	-34.19%	55.74%	-3.62%	13.06%
Free Cash Flow Firm Q/Q Growth	-55.32%	-18.38%	-93.43%	-785.78%	-123.63%	-44.15%	-47.26%	-38.57%	-12.26%	3.87%	7.38%
Invested Capital Q/Q Growth	-1.54%	-0.01%	3.69%	0.77%	2.28%	2.70%	6.49%	3.27%	5.25%	2.62%	3.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	30.66%	86.55%	33.35%	8.26%	25.39%	29.82%	22.50%	-11.80%	25.83%	22.14%	32.56%
EBIT Margin	29.18%	84.86%	31.75%	6.72%	23.65%	28.20%	20.79%	-13.49%	24.25%	21.37%	31.05%
Profit (Net Income) Margin	20.74%	34.12%	24.91%	5.35%	17.35%	22.67%	15.48%	-11.49%	17.95%	16.92%	23.29%
Tax Burden Percent	71.09%	78.10%	78.47%	79.57%	73.37%	80.41%	74.42%	85.17%	73.99%	79.16%	75.02%
Interest Burden Percent	100.00%	51.48%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	28.91%	21.90%	21.53%	20.43%	26.63%	19.59%	25.58%	0.00%	26.01%	20.84%	24.98%
Return on Invested Capital (ROIC)	5.58%	8.98%	6.26%	1.34%	4.31%	5.69%	3.73%	-2.22%	4.14%	4.90%	6.55%
ROIC Less NNEP Spread (ROIC-NNEP)	5.58%	8.98%	6.26%	1.34%	4.31%	5.69%	3.73%	-2.38%	4.14%	4.90%	6.55%
Return on Net Nonoperating Assets (RNNOA)	14.53%	23.98%	17.66%	3.92%	12.52%	16.27%	11.41%	-7.70%	13.84%	15.98%	23.97%
Return on Equity (ROE)	20.11%	32.97%	23.92%	5.26%	16.83%	21.96%	15.14%	-9.92%	17.99%	20.89%	30.52%
Cash Return on Invested Capital (CROIC)	15.21%	12.04%	5.38%	2.41%	-1.66%	-4.92%	-8.30%	-11.81%	-14.64%	-13.85%	-11.00%
Operating Return on Assets (OROA)	7.11%	20.26%	7.20%	1.52%	5.28%	6.35%	4.50%	-2.87%	5.06%	5.61%	7.88%
Return on Assets (ROA)	5.06%	8.15%	5.65%	1.21%	3.87%	5.11%	3.35%	-2.45%	3.74%	4.44%	5.91%
Return on Common Equity (ROCE)	20.11%	32.97%	23.92%	5.26%	16.83%	21.96%	15.14%	-9.92%	17.99%	20.89%	30.52%
Return on Equity Simple (ROE_SIMPLE)	39.40%	0.00%	24.43%	19.22%	18.80%	0.00%	15.19%	11.68%	11.52%	0.00%	16.94%
Net Operating Profit after Tax (NOPAT)	87	127	100	22	71	94	64	-39	79	152	106
NOPAT Margin	20.74%	34.12%	24.91%	5.35%	17.35%	22.67%	15.48%	-9.44%	17.95%	16.92%	23.29%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	20.69%	22.25%	24.86%	23.25%	21.86%	21.05%	24.65%	24.68%	22.87%	11.09%	24.85%
Operating Expenses to Revenue	27.74%	15.14%	33.85%	32.93%	31.12%	32.15%	34.44%	35.29%	33.68%	64.88%	33.48%
Earnings before Interest and Taxes (EBIT)	122	317	127	28	97	116	86	-55	107	192	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	128	323	133	34	104	123	94	-48	113	199	149
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.56	3.78	3.25	3.73	3.47	3.82	4.20	4.01	3.26	3.25	3.63
Price to Tangible Book Value (P/TBV)	3.56	3.78	3.25	3.73	3.47	3.82	4.20	4.01	3.26	3.25	3.63
Price to Revenue (P/Rev)	3.30	3.68	3.48	4.06	3.70	4.09	4.20	3.79	3.20	2.63	2.82
Price to Earnings (P/E)	9.04	11.44	13.29	19.42	18.45	23.40	27.63	34.32	28.32	22.94	21.43
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.06%	8.74%	7.52%	5.15%	5.42%	4.27%	3.62%	2.91%	3.53%	4.36%	4.67%
Enterprise Value to Invested Capital (EV/IC)	1.59	1.66	1.53	1.67	1.57	1.66	1.65	1.55	1.38	1.38	1.40
Enterprise Value to Revenue (EV/Rev)	5.76	6.19	6.11	6.76	6.52	6.90	7.25	7.08	6.50	5.18	5.35
Enterprise Value to EBITDA (EV/EBITDA)	8.15	13.98	8.20	9.15	8.92	28.64	33.78	42.91	38.72	31.33	28.61
Enterprise Value to EBIT (EV/EBIT)	8.33	14.48	8.38	9.35	9.12	30.72	36.60	47.80	42.92	33.97	30.66
Enterprise Value to NOPAT (EV/NOPAT)	15.80	19.23	23.35	32.33	32.53	39.47	47.73	64.22	57.50	45.16	40.69
Enterprise Value to Operating Cash Flow (EV/OCF)	9.13	8.32	8.48	9.10	8.82	9.38	9.84	10.24	9.54	9.84	10.05
Enterprise Value to Free Cash Flow (EV/FCFF)	10.18	13.53	28.51	70.26	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.91	2.83	2.74	2.72	2.90	2.89	3.40	3.82	3.80	3.63	3.92
Long-Term Debt to Equity	2.79	2.80	2.65	2.62	2.84	2.84	3.29	3.77	3.79	3.63	3.92
Financial Leverage	2.61	2.67	2.82	2.92	2.91	2.86	3.06	3.24	3.34	3.26	3.66
Leverage Ratio	3.98	4.05	4.23	4.34	4.34	4.30	4.52	4.68	4.80	4.70	5.16
Compound Leverage Factor	3.98	2.08	4.23	4.34	4.34	4.30	4.52	4.68	4.80	4.70	5.16
Debt to Total Capital	74.43%	73.87%	73.26%	73.10%	74.39%	74.29%	77.25%	79.27%	79.15%	78.41%	79.67%
Short-Term Debt to Total Capital	3.18%	0.64%	2.39%	2.73%	1.67%	1.28%	2.45%	1.12%	0.01%	0.00%	0.02%
Long-Term Debt to Total Capital	71.25%	73.23%	70.87%	70.36%	72.73%	73.01%	74.81%	78.15%	79.13%	78.41%	79.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.57%	26.13%	26.74%	26.90%	25.61%	25.71%	22.75%	20.73%	20.85%	21.59%	20.33%
Debt to EBITDA	3.81	6.23	3.94	4.00	4.24	12.86	15.83	21.88	22.19	17.78	16.26
Net Debt to EBITDA	3.49	5.66	3.53	3.65	3.86	11.66	14.23	19.97	19.65	15.42	13.54
Long-Term Debt to EBITDA	3.65	6.17	3.81	3.85	4.14	12.63	15.33	21.57	22.19	17.78	16.26
Debt to NOPAT	7.39	8.57	11.21	14.14	15.45	17.71	22.37	32.75	32.96	25.63	23.13
Net Debt to NOPAT	6.76	7.79	10.05	12.91	14.08	16.07	20.10	29.90	29.18	22.22	19.26
Long-Term Debt to NOPAT	7.07	8.49	10.85	13.61	15.10	17.41	21.66	32.28	32.95	25.63	23.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	433	353	23	-159	-356	-513	-755	-1,047	-1,175	-1,129	-1,046
Operating Cash Flow to CapEx	36,255.56%	23,900.00%	32,944.44%	18,846.67%	0.00%	18,305.88%	103,333.33%	51,000.00%	79,425.00%	43,742.86%	115,400.00%
Free Cash Flow to Firm to Interest Expense	10.35	4.11	0.43	-2.53	-5.05	-6.51	-8.17	-10.02	-10.57	0.00	-9.12
Operating Cash Flow to Interest Expense	7.81	3.34	5.45	4.50	4.45	3.95	3.35	1.95	2.86	0.00	3.02
Operating Cash Flow Less CapEx to Interest Expense	7.78	3.32	5.43	4.48	4.45	3.93	3.35	1.95	2.85	0.00	3.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.23	0.23	0.22	0.23	0.22	0.21	0.21	0.26	0.25
Fixed Asset Turnover	31.03	30.65	30.14	31.16	32.07	33.41	34.88	50.27	53.85	70.67	75.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,215	6,215	6,444	6,494	6,642	6,821	7,264	7,502	7,895	8,103	8,416
Invested Capital Turnover	0.27	0.26	0.25	0.25	0.25	0.25	0.24	0.24	0.23	0.29	0.28
Increase / (Decrease) in Invested Capital	-346	-226	76	181	427	607	820	1,008	1,254	1,281	1,152
Enterprise Value (EV)	9,890	10,304	9,828	10,855	10,402	11,291	11,975	11,662	10,903	11,194	11,797
Market Capitalization	5,660	6,131	5,596	6,521	5,900	6,695	6,931	6,233	5,370	5,686	6,213
Book Value per Share	$122.99	$125.65	$134.29	$136.09	$132.65	$139.55	$132.38	$128.39	$135.95	$144.45	$142.20
Tangible Book Value per Share	$122.99	$125.65	$134.29	$136.09	$132.65	$139.55	$132.38	$128.39	$135.95	$144.45	$142.20
Total Capital	6,215	6,215	6,444	6,494	6,642	6,821	7,264	7,502	7,895	8,103	8,416
Total Debt	4,626	4,591	4,721	4,747	4,941	5,068	5,612	5,947	6,249	6,353	6,705
Total Long-Term Debt	4,428	4,551	4,567	4,569	4,830	4,980	5,434	5,862	6,248	6,353	6,704
Net Debt	4,231	4,173	4,233	4,335	4,503	4,597	5,044	5,429	5,533	5,508	5,585
Capital Expenditures (CapEx)	0.90	1.20	0.90	1.50	-0.10	1.70	0.30	0.40	0.40	0.70	0.30
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.39	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	4,626	4,591	4,721	4,747	4,941	5,068	5,612	5,947	6,249	6,353	6,705
Total Depreciation and Amortization (D&A)	6.20	6.30	6.40	6.40	7.10	6.70	7.10	6.90	6.90	6.90	6.90
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.53	$9.96	$7.62	$1.70	$5.47	$7.30	$5.15	($3.83)	$6.42	$12.38	$8.79
Adjusted Weighted Average Basic Shares Outstanding	13.29M	13.56M	13.06M	13.05M	12.93M	12.95M	12.48M	12.28M	12.27M	12.32M	12.09M
Adjusted Diluted Earnings per Share	$6.49	$9.95	$7.61	$1.69	$5.43	$7.26	$5.08	($3.83)	$6.35	$12.28	$8.66
Adjusted Weighted Average Diluted Shares Outstanding	13.36M	13.63M	13.07M	13.10M	13.04M	13.01M	12.65M	12.28M	12.42M	12.47M	12.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.92M	12.83M	12.84M	12.82M	12.57M	12.30M	12.11M	12.11M	12.11M	12.03M	11.60M
Normalized Net Operating Profit after Tax (NOPAT)	87	109	100	22	71	94	64	-39	79	152	107
Normalized NOPAT Margin	20.74%	29.24%	24.91%	5.35%	17.35%	22.67%	15.48%	-9.44%	17.95%	16.92%	23.49%
Pre Tax Income Margin	29.18%	43.69%	31.75%	6.72%	23.65%	28.20%	20.79%	-13.49%	24.25%	21.37%	31.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.92	3.69	2.33	0.44	1.37	1.48	0.93	-0.53	0.96	0.00	1.24
NOPAT to Interest Expense	2.08	1.48	1.83	0.35	1.00	1.19	0.70	-0.37	0.71	0.00	0.93
EBIT Less CapEx to Interest Expense	2.90	3.67	2.31	0.42	1.37	1.46	0.93	-0.53	0.95	0.00	1.23
NOPAT Less CapEx to Interest Expense	2.06	1.47	1.81	0.33	1.01	1.17	0.69	-0.37	0.71	0.00	0.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	168.84%	146.42%	89.41%	46.01%	79.52%	70.81%	150.98%	237.78%	161.13%	126.38%	98.86%

Key Financial Trends

Credit Acceptance Corp (NASDAQ: CACC) has shown a mixed but generally improving financial performance over the last four years through Q1 2025, highlighted by growth trends and some challenges related to credit loss provisions and interest expenses.

Positive trends and factors:

Steady increase in total revenue, from approximately $373 million in Q4 2022 to $456 million in Q1 2025, indicating growth in the company's core operations.
Net income has rebounded strongly after a loss in Q2 2024 (-$47M) to solid profits, with Q1 2025 net income at $106.3 million, demonstrating recovery and improving profitability.
Non-interest income remained robust, with service charges on deposit accounts rising to $526.7 million in Q1 2025, showing strong fee-generating ability.
Net cash from operating activities increased significantly to $346.2 million in Q1 2025, reflecting efficient cash generation from the business operations.
Total common equity grew consistently, reaching $1.71 billion by Q1 2025, which supports financial stability.
The company has been actively managing its debt, with issuances and repayments occurring frequently but maintaining a controlled long-term debt level of approximately $6.7 billion as of Q1 2025.
Diluted EPS improved from negative in Q2 2024 (-$3.83) to $8.66 in Q1 2025, indicating better shareholder value and operational efficiency.

Neutral aspects and cautionary points:

Interest expense remains high (~$115 million in Q1 2025), which negatively impacts net interest income (currently negative at -$115 million for Q1 2025) and could pressure margins.
Allowance for loan and lease losses is substantial, around $3.5 billion as of Q1 2025, which is a considerable offset against loans and could increase with deteriorating credit conditions.
The company regularly repurchases common equity, spending $164.4 million in Q1 2025, which while potentially positive for EPS, could impact cash reserves.

Negative trends and risks:

Provision for credit losses surged in mid-2024, peaking at $320.6 million in Q2 2024 before moderating to $161.9 million in Q1 2025, indicating elevated credit risk that could affect future earnings.
Total non-interest expenses remain high, with Q1 2025 expenses at $152.8 million, including significant operating and marketing costs, which can constrain profitability if not managed.
Periods of net losses occurred, notably in Q2 2024, reflecting potential volatility in the company's credit portfolio and economic sensitivity.

In summary, Credit Acceptance has demonstrated strong revenue growth and recovered from recent losses with improving earnings and cash flow generation. However, elevated credit loss provisions and high interest expenses pose risks. Investors should watch the company’s ability to manage credit quality while sustaining revenue and expense controls going forward.

08/09/25 10:06 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Credit Acceptance's Financials

When does Credit Acceptance's financial year end?

According to the most recent income statement we have on file, Credit Acceptance's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Credit Acceptance's net income changed over the last 9 years?

In the past 9 years, Credit Acceptance's net income has ranged from $247.90 million in 2024 to $958.30 million in 2021, and is currently $247.90 million as of their latest financial filing in 2024. See where experts think Credit Acceptance is headed by visiting Credit Acceptance's forecast page.

How has Credit Acceptance's revenue changed over the last 9 years?

Over the last 9 years, Credit Acceptance's total revenue changed from $825.30 million in 2015 to $2.16 billion in 2024, a change of 162.0%.

How much debt does Credit Acceptance have?

Credit Acceptance's total liabilities were at $7.11 billion at the end of 2024, a 21.3% increase from 2023, and a 190.7% increase since 2015.

How much cash does Credit Acceptance have?

In the past 9 years, Credit Acceptance's cash and equivalents has ranged from $6.30 million in 2015 to $343.70 million in 2024, and is currently $343.70 million as of their latest financial filing in 2024.

How has Credit Acceptance's book value per share changed over the last 9 years?

Over the last 9 years, Credit Acceptance's book value per share changed from 45.06 in 2015 to 144.45 in 2024, a change of 220.6%.

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This page (NASDAQ:CACC) was last updated on 8/9/2025 by MarketBeat.com Staff

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Credit Acceptance (CACC) Financials

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Credit Acceptance (CACC) Financials

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