Avis Budget Group (CAR) Financials

$120.49 -2.08 (-1.70%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$121.62 +1.13 (+0.94%)

As of 08:59 AM Eastern

Annual Income Statements for Avis Budget Group

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-1,821	1,632	2,764	1,285	-684	302	165	361	163	313
Consolidated Net Income / (Loss)	-1,817	1,635	2,756	1,283	-684	302	165	361	163	313
Net Income / (Loss) Continuing Operations	-1,817	1,635	2,756	1,283	-684	302	165	361	163	313
Total Pre-Tax Income	-2,627	1,914	3,636	1,708	-956	287	267	211	279	382
Total Operating Income	-2,269	2,215	3,886	1,926	-725	465	455	399	482	576
Total Gross Profit	11,789	12,008	11,994	9,313	5,402	9,172	9,124	8,848	8,659	8,502
Total Revenue	11,789	12,008	11,994	9,313	5,402	9,172	9,124	8,848	8,659	8,502
Operating Revenue	11,789	12,008	11,994	9,313	5,402	9,172	9,124	8,848	8,659	6,026
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	14,058	9,793	8,108	7,387	6,127	8,707	8,669	8,449	8,177	7,926
Selling, General & Admin Expense	7,366	7,083	6,633	5,400	4,025	5,935	5,859	5,592	5,516	5,377
Depreciation Expense	3,213	1,955	1,053	1,469	1,654	2,326	2,435	2,480	2,300	2,151
Other Operating Expenses / (Income)	950	739	403	318	321	344	314	286	305	357
Impairment Charge	2,470	0.00	0.00	-	-	-	-	2.00	0.00	0.00
Restructuring Charge	37	11	19	64	118	90	42	86	29	18
Other Special Charges / (Income)	22	5.00	0.00	136	9.00	12	19	3.00	27	23
Total Other Income / (Expense), net	-358	-296	-250	-218	-231	-178	-188	-188	-203	-194
Interest Expense	358	296	250	218	231	178	188	188	203	194
Income Tax Expense	-810	279	880	425	-272	-15	102	-150	116	69
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	3.00	-8.00	-2.00	0.00	0.00	-	-	-	-
Basic Earnings per Share	($51.23)	$42.57	$58.41	$19.79	($9.71)	$4.01	$2.08	$4.32	$1.78	$3.02
Weighted Average Basic Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	79.30M	83.40M	92M	103.40M
Diluted Earnings per Share	($51.23)	$42.08	$57.16	$19.44	($9.71)	$3.98	$2.06	$4.25	$1.75	$2.98
Weighted Average Diluted Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	79.30M	83.40M	92M	103.40M
Weighted Average Basic & Diluted Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	79.30M	83.40M	92M	103.40M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-505	-1,958	237	14	-114	259	626	435	312	423	1,034
Consolidated Net Income / (Loss)	-504	-1,957	238	15	-113	260	627	436	312	424	1,031
Net Income / (Loss) Continuing Operations	-504	-1,957	238	15	-113	260	627	436	312	424	1,031
Total Pre-Tax Income	-677	-2,841	329	27	-142	162	757	598	397	516	1,342
Total Operating Income	-580	-2,749	424	115	-59	239	840	666	470	584	1,406
Total Gross Profit	2,430	2,710	3,480	3,048	2,551	2,764	3,564	3,123	2,557	2,771	3,547
Total Revenue	2,430	2,710	3,480	3,048	2,551	2,764	3,564	3,123	2,557	2,771	3,547
Operating Revenue	2,430	2,710	3,480	3,048	2,551	2,764	3,564	3,123	2,557	2,771	3,547
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	3,010	5,459	3,056	2,933	2,610	2,525	2,724	2,457	2,087	2,187	2,141
Selling, General & Admin Expense	1,661	1,875	1,942	1,880	1,669	1,659	1,940	1,853	1,631	1,647	1,848
Depreciation Expense	1,111	861	864	791	697	635	572	427	321	406	193
Other Operating Expenses / (Income)	216	220	244	246	240	223	209	176	131	131	98
Restructuring Charge	22	14	6.00	14	3.00	4.00	2.00	1.00	4.00	3.00	2.00
Other Special Charges / (Income)	0.00	19	0.00	2.00	1.00	4.00	1.00	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-97	-92	-95	-88	-83	-75	-80	-68	-73	-69	-64
Interest Expense	97	92	95	88	83	75	80	68	73	69	64
Income Tax Expense	-173	-884	91	12	-29	-98	130	162	85	92	311
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	-3.00
Basic Earnings per Share	($14.35)	($55.10)	$6.67	$0.41	($3.21)	$6.60	$16.96	$11.13	$7.88	$10.32	$22.08
Weighted Average Basic Shares Outstanding	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M
Diluted Earnings per Share	($14.35)	($55.08)	$6.65	$0.41	($3.21)	$6.57	$16.78	$11.01	$7.72	$10.07	$21.67
Weighted Average Diluted Shares Outstanding	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M
Weighted Average Basic & Diluted Shares Outstanding	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-47	2.00	16	-139	-135	165	-166	181	3.00	-36
Net Cash From Operating Activities	3,518	3,828	4,707	3,491	691	2,586	2,609	2,648	2,640	2,627
Net Cash From Continuing Operating Activities	3,497	3,823	4,707	3,491	691	2,586	2,609	2,648	2,640	2,627
Net Income / (Loss) Continuing Operations	-1,817	1,635	2,756	1,283	-684	302	165	361	163	313
Consolidated Net Income / (Loss)	-1,817	1,635	2,756	1,283	-684	302	165	361	163	313
Depreciation Expense	2,895	2,444	1,934	1,674	1,616	2,153	2,230	2,206	2,130	2,055
Amortization Expense	1,160	1,046	911	839	978	1,020	28	34	37	42
Non-Cash Adjustments To Reconcile Net Income	3,152	-278	-760	-195	-1,075	-48	-5.00	68	44	-9.00
Changes in Operating Assets and Liabilities, net	-1,893	-1,024	-134	-110	-144	-841	191	-21	266	226
Net Cash From Investing Activities	-2,753	-7,346	-4,299	-6,306	3,177	-2,752	-3,426	-2,204	-2,182	-2,685
Net Cash From Continuing Investing Activities	-2,753	-7,346	-4,299	-6,306	2,909	-2,752	-3,426	-2,204	-2,182	-2,685
Purchase of Property, Plant & Equipment	-10,062	-15,458	-10,737	-10,162	-5,495	-13,137	-12,820	-11,735	-12,651	-12,127
Purchase of Investments	-801	-606	-442	-413	-355	-251	-188	-61	0.00	0.00
Sale of Property, Plant & Equipment	7,397	8,406	6,608	4,080	8,759	10,471	9,665	9,608	10,523	9,695
Other Investing Activities, net	713	312	272	189	0.00	81	-44	5.00	1.00	3.00
Net Cash From Financing Activities	-781	3,506	-360	2,687	-4,045	318	667	-308	-449	72
Net Cash From Continuing Financing Activities	-781	3,506	-360	2,687	-3,777	318	667	-308	-449	72
Repayment of Debt	-967	-840	-32	-1,377	-18,490	-517	-531	-17,899	-16,714	-14,007
Repurchase of Common Equity	-70	-951	-3,329	-1,460	-119	-67	-216	-210	-398	-436
Payment of Dividends	0.00	-355	0.00	-	-	-	-	-	-	-
Issuance of Debt	1,569	936	729	1,100	14,817	402	485	17,801	16,663	14,515
Issuance of Common Equity	0.00	0.00	40	38	15	0.00	0.00	-	-	-
Other Financing Activities, net	-1,313	4,716	2,232	4,386	-	500	929	-	-	-
Effect of Exchange Rate Changes	-31	14	-32	-11	42	13	-16	45	-6.00	-50
Cash Interest Paid	1,273	988	543	509	503	509	497	460	461	454
Cash Income Taxes Paid	50	169	192	75	44	93	53	58	60	29

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	10	-52	66	-16	-45	-77	39	53	-13	-79	37
Net Cash From Operating Activities	619	772	1,273	884	589	793	1,253	963	819	845	1,491
Net Cash From Continuing Operating Activities	619	751	1,273	884	589	788	1,253	963	819	845	1,491
Net Income / (Loss) Continuing Operations	-504	-1,957	238	15	-113	260	627	436	312	424	1,031
Consolidated Net Income / (Loss)	-504	-1,957	238	15	-113	260	627	436	312	424	1,031
Depreciation Expense	749	778	781	713	623	650	669	592	533	534	514
Amortization Expense	274	293	310	243	314	193	331	262	260	249	232
Non-Cash Adjustments To Reconcile Net Income	178	3,839	-254	-180	-253	1,118	-457	-447	-492	716	-576
Changes in Operating Assets and Liabilities, net	-78	-2,202	198	93	18	-1,433	83	120	206	-1,078	290
Net Cash From Investing Activities	-715	-57	-141	-1,037	-1,518	-416	-1,716	-3,536	-1,678	-723	294
Net Cash From Continuing Investing Activities	-715	-57	-141	-1,037	-1,518	-416	-1,716	-3,536	-1,678	-723	294
Purchase of Property, Plant & Equipment	-3,819	-1,774	-1,295	-2,859	-4,134	-2,669	-3,803	-5,062	-3,924	-2,671	-1,721
Purchase of Investments	-384	-130	-296	-120	-255	-129	-115	-254	-108	-90	-141
Sale of Property, Plant & Equipment	3,091	1,742	1,227	1,817	2,611	2,299	2,130	1,694	2,283	1,998	2,014
Other Investing Activities, net	397	105	223	125	260	83	72	86	71	-15	197
Net Cash From Financing Activities	98	-738	-1,079	139	897	-472	512	2,625	841	-222	-1,720
Net Cash From Continuing Financing Activities	98	-738	-1,079	139	897	-472	512	2,625	841	-222	-1,720
Repayment of Debt	-20	-544	-17	-385	-21	-488	-338	-7.00	-7.00	11,376	-5,088
Repurchase of Common Equity	-3.00	-45	-9.00	-1.00	-15	-261	-490	-149	-51	-755	-826
Issuance of Debt	500	-	700	218	651	497	439	-	0.00	-13,075	4,154
Other Financing Activities, net	-379	-149	-1,753	307	282	135	901	2,781	899	-	-
Effect of Exchange Rate Changes	8.00	-29	13	-2.00	-13	18	-10	1.00	5.00	21	-28

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	29,041	32,569	25,927	22,600	17,538	23,126	19,149	17,699	17,643	17,634
Total Current Assets	2,034	2,139	1,886	1,847	1,795	2,145	2,174	2,066	1,817	1,627
Cash & Equivalents	534	555	570	534	692	686	615	611	490	452
Accounts Receivable	838	900	810	775	647	911	955	922	808	668
Other Current Assets	662	684	506	538	456	548	604	533	519	507
Plant, Property, & Equipment, net	18,316	21,959	16,555	13,403	8,810	12,969	12,210	11,330	685	11,339
Total Noncurrent Assets	8,691	8,471	7,486	7,350	6,933	8,012	4,765	4,303	15,141	4,668
Long-Term Investments	1,308	1,211	976	842	667	649	559	423	362	362
Noncurrent Note & Lease Receivables	386	443	421	222	281	778	631	547	527	438
Goodwill	1,071	1,099	1,070	1,108	1,137	1,101	1,092	1,073	1,007	973
Intangible Assets	601	670	666	724	774	798	825	850	870	917
Noncurrent Deferred & Refundable Income Taxes	1,786	1,868	1,379	1,615	1,198	1,662	1,301	931	1,493	1,488
Other Noncurrent Operating Assets	3,539	3,180	2,974	2,839	2,876	3,024	357	479	10,882	490
Total Liabilities & Shareholders' Equity	29,041	32,569	25,927	22,600	17,538	23,126	19,149	17,699	17,643	17,634
Total Liabilities	31,358	32,912	26,627	22,809	17,693	22,470	18,735	17,126	17,422	17,195
Total Current Liabilities	2,720	2,659	2,574	2,408	2,053	2,225	1,716	1,645	1,767	1,511
Short-Term Debt	20	32	27	19	19	19	23	26	279	26
Accounts Payable	2,700	2,627	2,547	2,389	2,034	2,206	1,693	1,619	1,488	1,485
Total Noncurrent Liabilities	28,638	30,253	24,053	20,401	15,640	20,245	17,019	15,481	15,655	15,684
Long-Term Debt	22,909	23,728	18,453	15,380	11,048	14,484	13,760	12,794	5,427	12,295
Capital Lease Obligations	2,484	2,117	1,884	1,910	2,078	2,140	0.00	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	2,442	3,418	2,754	2,242	1,383	2,189	1,961	1,594	2,429	2,367
Other Noncurrent Operating Liabilities	803	990	962	869	1,131	1,432	1,298	1,093	7,799	1,022
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-2,317	-343	-700	-209	-155	656	414	573	221	439
Total Preferred & Common Equity	-2,327	-349	-703	-220	-155	656	414	573	221	439
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	-2,327	-349	-703	-220	-155	656	414	573	221	439
Common Stock	6,621	6,635	6,667	6,677	6,669	6,742	6,772	6,821	6,919	7,011
Retained Earnings	2,029	3,854	2,579	-185	-1,470	-785	-1,091	-1,222	-1,639	-1,802
Treasury Stock	-10,767	-10,742	-9,848	-6,579	-5,167	-5,144	-5,134	-5,002	-4,905	-4,623
Accumulated Other Comprehensive Income / (Loss)	-210	-96	-101	-133	-187	-157	-133	-24	-154	-147
Noncontrolling Interest	10	6.00	3.00	11	0.00	-	-	-	-	-

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	29,044	32,749	33,882	33,528	32,304	31,395	27,388	25,197
Total Current Assets	2,140	2,319	2,460	2,333	2,226	2,233	1,983	1,976
Cash & Equivalents	516	602	511	522	572	571	548	581
Accounts Receivable	873	917	1,062	1,032	918	897	801	869
Other Current Assets	751	800	887	779	736	765	634	526
Plant, Property, & Equipment, net	18,208	22,052	23,178	22,729	21,894	21,249	18,038	15,897
Total Noncurrent Assets	8,696	8,378	8,244	8,466	8,184	7,913	7,367	7,324
Long-Term Investments	1,295	1,283	1,199	1,205	1,172	1,148	1,010	927
Noncurrent Note & Lease Receivables	310	423	326	431	519	421	353	478
Goodwill	1,091	1,109	1,087	1,088	1,081	1,082	1,076	1,031
Intangible Assets	598	647	650	658	658	669	659	662
Noncurrent Deferred & Refundable Income Taxes	1,738	1,565	1,715	1,811	1,472	1,457	1,399	1,316
Other Noncurrent Operating Assets	3,664	3,351	3,267	3,273	3,282	3,136	2,870	2,910
Total Liabilities & Shareholders' Equity	29,044	32,749	33,882	33,528	32,304	31,395	27,388	25,197
Total Liabilities	31,855	32,978	34,364	34,036	32,332	31,520	27,829	25,704
Total Current Liabilities	3,368	3,326	2,866	3,074	2,763	2,844	2,749	2,746
Short-Term Debt	508	540	28	405	30	34	34	27
Accounts Payable	2,860	2,786	2,838	2,669	2,733	2,810	2,715	2,719
Total Noncurrent Liabilities	28,487	29,652	31,498	30,962	29,569	28,676	25,080	22,958
Long-Term Debt	22,668	23,358	24,767	24,222	23,389	22,442	19,439	17,667
Capital Lease Obligations	2,593	2,351	2,234	2,234	2,178	2,079	1,852	1,822
Noncurrent Deferred & Payable Income Tax Liabilities	2,176	3,114	3,231	3,325	3,092	2,997	2,820	2,636
Other Noncurrent Operating Liabilities	1,050	829	1,266	1,181	910	1,158	969	833
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-2,811	-229	-482	-508	-28	-125	-441	-507
Total Preferred & Common Equity	-2,822	-238	-490	-515	-33	-129	-444	-509
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-2,822	-238	-490	-515	-33	-129	-444	-509
Common Stock	6,613	6,616	6,617	6,611	6,627	6,626	6,621	6,677
Retained Earnings	1,524	3,988	3,751	3,738	3,952	3,326	2,891	2,156
Treasury Stock	-10,757	-10,730	-10,723	-10,724	-10,482	-9,991	-9,845	-9,157
Accumulated Other Comprehensive Income / (Loss)	-202	-112	-135	-140	-130	-90	-111	-185
Noncontrolling Interest	11	9.00	8.00	7.00	5.00	4.00	3.00	2.00

This table displays calculated financial ratios and metrics derived from Avis Budget Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.82%	0.12%	28.79%	72.40%	-41.10%	0.53%	3.12%	2.18%	1.85%	0.20%
EBITDA Growth	-68.69%	-15.24%	51.63%	137.51%	-48.63%	34.10%	2.80%	-0.38%	-0.90%	0.41%
EBIT Growth	-202.44%	-43.00%	101.77%	365.66%	-255.91%	2.20%	14.04%	-17.22%	-16.32%	-4.16%
NOPAT Growth	-183.94%	-35.76%	103.59%	385.07%	-203.72%	74.02%	-58.81%	142.42%	-40.33%	25.65%
Net Income Growth	-211.13%	-40.67%	114.81%	287.57%	-326.49%	83.03%	-54.29%	121.47%	-47.92%	27.76%
EPS Growth	-221.74%	-26.38%	194.03%	300.21%	-343.97%	93.20%	-51.53%	142.86%	-41.28%	34.23%
Operating Cash Flow Growth	-8.10%	-18.67%	34.83%	405.21%	-73.28%	-0.88%	-1.47%	0.30%	0.49%	1.86%
Free Cash Flow Firm Growth	124.63%	-781.40%	120.84%	-169.17%	256.03%	-540.43%	94.20%	-192.29%	1,952.80%	-44.92%
Invested Capital Growth	-10.58%	31.18%	15.23%	35.19%	-27.14%	22.58%	5.37%	143.53%	-57.52%	7.74%
Revenue Q/Q Growth	-0.46%	-0.06%	1.71%	14.99%	-13.00%	1.24%	0.34%	1.61%	-0.26%	0.04%
EBITDA Q/Q Growth	-60.67%	-4.76%	0.51%	22.56%	-13.15%	6.94%	-0.18%	2.68%	-1.30%	2.26%
EBIT Q/Q Growth	-417.79%	-13.48%	-0.08%	51.42%	-19.83%	0.22%	1.11%	12.39%	-9.23%	11.20%
NOPAT Q/Q Growth	-309.10%	-6.82%	2.26%	44.27%	-19.83%	68.24%	-55.49%	191.94%	-8.53%	11.19%
Net Income Q/Q Growth	-554.25%	-9.12%	1.59%	58.00%	-51.33%	74.57%	-55.65%	228.18%	-13.76%	-11.58%
EPS Q/Q Growth	-591.65%	-7.68%	8.09%	57.03%	-47.79%	76.89%	-53.92%	221.97%	-16.27%	-11.04%
Operating Cash Flow Q/Q Growth	-0.59%	-1.34%	-2.04%	33.91%	-46.31%	5.77%	-3.44%	3.04%	-2.22%	3.02%
Free Cash Flow Firm Q/Q Growth	105.91%	12.47%	292.84%	77.77%	-72.68%	-16.46%	-491.84%	7.74%	2,367.69%	-105.54%
Invested Capital Q/Q Growth	-11.94%	-0.24%	3.53%	6.52%	527.35%	-1.94%	-6.19%	-7.42%	-14.85%	101.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	15.15%	47.51%	56.12%	47.66%	34.60%	39.66%	29.73%	29.83%	30.59%	31.44%
Operating Margin	-19.25%	18.45%	32.40%	20.68%	-13.42%	5.07%	4.99%	4.51%	5.57%	6.77%
EBIT Margin	-19.25%	18.45%	32.40%	20.68%	-13.42%	5.07%	4.99%	4.51%	5.57%	6.77%
Profit (Net Income) Margin	-15.41%	13.62%	22.98%	13.78%	-12.66%	3.29%	1.81%	4.08%	1.88%	3.68%
Tax Burden Percent	69.17%	85.42%	75.80%	75.12%	71.55%	105.23%	61.80%	171.09%	58.42%	81.94%
Interest Burden Percent	115.78%	86.41%	93.57%	88.68%	131.86%	61.72%	58.68%	52.88%	57.88%	66.32%
Effective Tax Rate	0.00%	14.58%	24.20%	24.88%	0.00%	-5.23%	38.20%	-71.09%	41.58%	18.06%
Return on Invested Capital (ROIC)	-7.06%	9.03%	17.41%	10.58%	-3.68%	3.38%	2.22%	7.83%	3.31%	4.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.01%	7.84%	16.32%	9.40%	-4.98%	2.03%	1.26%	3.97%	1.86%	2.65%
Return on Net Nonoperating Assets (RNNOA)	143.67%	-322.55%	-623.79%	-715.52%	-269.38%	53.07%	31.22%	83.10%	46.09%	52.61%
Return on Equity (ROE)	136.62%	-313.52%	-606.38%	-704.95%	-273.05%	56.45%	33.43%	90.93%	49.39%	56.70%
Cash Return on Invested Capital (CROIC)	4.11%	-17.94%	3.26%	-19.35%	27.73%	-16.92%	-3.02%	-75.73%	84.04%	-3.35%
Operating Return on Assets (OROA)	-7.37%	7.57%	16.02%	9.60%	-3.57%	2.20%	2.47%	2.26%	2.73%	3.34%
Return on Assets (ROA)	-5.90%	5.59%	11.36%	6.39%	-3.36%	1.43%	0.90%	2.04%	0.92%	1.82%
Return on Common Equity (ROCE)	137.44%	-316.22%	-615.72%	-726.25%	-273.05%	56.45%	33.43%	90.93%	49.39%	56.70%
Return on Equity Simple (ROE_SIMPLE)	78.08%	-468.48%	-392.03%	-583.18%	441.29%	46.04%	39.86%	63.00%	73.76%	71.30%
Net Operating Profit after Tax (NOPAT)	-1,588	1,892	2,945	1,447	-508	489	281	683	282	472
NOPAT Margin	-13.47%	15.76%	24.56%	15.53%	-9.39%	5.33%	3.08%	7.72%	3.25%	5.55%
Net Nonoperating Expense Percent (NNEP)	0.96%	1.20%	1.09%	1.18%	1.30%	1.34%	0.95%	3.87%	1.45%	1.45%
Return On Investment Capital (ROIC_SIMPLE)	-6.88%	7.41%	14.98%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	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	62.48%	58.99%	55.30%	57.98%	74.51%	64.71%	64.22%	63.20%	63.70%	63.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	119.25%	81.55%	67.60%	79.32%	113.42%	94.93%	95.01%	95.49%	94.43%	93.23%
Earnings before Interest and Taxes (EBIT)	-2,269	2,215	3,886	1,926	-725	465	455	399	482	576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,786	5,705	6,731	4,439	1,869	3,638	2,713	2,639	2,649	2,673
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	3.45	3.99	5.92	13.86	7.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.24	0.53	0.54	1.19	0.46	0.25	0.18	0.38	0.35	0.41
Price to Earnings (P/E)	0.00	3.93	2.34	8.65	0.00	7.49	10.01	9.40	18.79	11.05
Dividend Yield	0.00%	5.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	25.42%	42.80%	11.55%	0.00%	13.35%	9.99%	10.63%	5.32%	9.05%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.28	1.40	1.72	1.23	1.10	1.10	1.23	1.56	1.25
Enterprise Value to Revenue (EV/Rev)	2.24	2.54	2.11	2.91	2.64	1.92	1.56	1.72	0.91	1.76
Enterprise Value to EBITDA (EV/EBITDA)	14.79	5.35	3.76	6.10	7.63	4.83	5.26	5.75	2.99	5.60
Enterprise Value to EBIT (EV/EBIT)	0.00	13.79	6.51	14.05	0.00	37.78	31.34	38.05	16.43	25.98
Enterprise Value to NOPAT (EV/NOPAT)	0.00	16.14	8.58	18.71	0.00	35.91	50.72	22.24	28.11	31.71
Enterprise Value to Operating Cash Flow (EV/OCF)	7.51	7.98	5.37	7.75	20.63	6.79	5.47	5.73	3.00	5.70
Enterprise Value to Free Cash Flow (EV/FCFF)	28.53	0.00	45.84	0.00	3.73	0.00	0.00	0.00	1.11	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-10.97	-75.44	-29.09	-82.82	-84.81	25.37	33.29	22.37	25.82	28.07
Long-Term Debt to Equity	-10.96	-75.35	-29.05	-82.73	-84.68	25.34	33.24	22.33	24.56	28.01
Financial Leverage	-17.93	-41.16	-38.23	-76.15	54.08	26.09	24.72	20.96	24.79	19.86
Leverage Ratio	-23.16	-56.08	-53.39	-110.27	81.17	39.51	37.33	44.51	53.45	31.23
Compound Leverage Factor	-26.82	-48.46	-49.95	-97.79	107.03	24.39	21.91	23.54	30.94	20.71
Debt to Total Capital	110.03%	101.34%	103.56%	101.22%	101.19%	96.21%	97.08%	95.72%	96.27%	96.56%
Short-Term Debt to Total Capital	0.09%	0.13%	0.14%	0.11%	0.15%	0.11%	0.16%	0.19%	4.71%	0.20%
Long-Term Debt to Total Capital	109.95%	101.22%	103.42%	101.11%	101.05%	96.10%	96.92%	95.53%	91.56%	96.36%
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	0.04%	0.02%	0.02%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-10.08%	-1.37%	-3.58%	-1.29%	-1.19%	3.79%	2.92%	4.28%	3.73%	3.44%
Debt to EBITDA	14.23	4.54	3.03	3.90	7.03	4.57	5.08	4.86	2.15	4.61
Net Debt to EBITDA	13.20	4.23	2.80	3.59	6.31	4.21	4.65	4.47	1.83	4.30
Long-Term Debt to EBITDA	14.22	4.53	3.02	3.90	7.02	4.57	5.07	4.85	2.05	4.60
Debt to NOPAT	-16.00	13.68	6.91	11.96	-25.90	34.01	49.02	18.78	20.26	26.11
Net Debt to NOPAT	-14.84	12.74	6.39	11.01	-23.22	31.29	44.84	17.27	17.24	24.38
Long-Term Debt to NOPAT	-15.99	13.66	6.90	11.95	-25.86	33.97	48.94	18.74	19.27	26.05
Altman Z-Score	0.27	0.86	1.21	0.94	0.12	0.47	0.56	0.63	0.56	0.58
Noncontrolling Interest Sharing Ratio	-0.60%	-0.86%	-1.54%	-3.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.75	0.80	0.73	0.77	0.87	0.96	1.27	1.26	1.03	1.08
Quick Ratio	0.50	0.55	0.54	0.54	0.65	0.72	0.91	0.93	0.73	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	926	-3,758	551	-2,646	3,826	-2,452	-383	-6,601	7,153	-386
Operating Cash Flow to CapEx	132.01%	54.28%	114.00%	57.40%	0.00%	97.00%	82.69%	124.49%	124.06%	108.02%
Free Cash Flow to Firm to Interest Expense	2.59	-12.70	2.21	-12.14	16.56	-13.77	-2.04	-35.11	35.23	-1.99
Operating Cash Flow to Interest Expense	9.83	12.93	18.83	16.01	2.99	14.53	13.88	14.09	13.00	13.54
Operating Cash Flow Less CapEx to Interest Expense	2.38	-10.89	2.31	-11.89	17.12	-0.45	-2.90	2.77	2.52	1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.41	0.49	0.46	0.27	0.43	0.50	0.50	0.49	0.49
Accounts Receivable Turnover	13.57	14.04	15.13	13.10	6.93	9.83	9.72	10.23	11.73	13.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.59	0.62	0.80	0.84	0.50	0.73	0.78	1.47	1.44	0.77
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	26.91	25.99	24.12	27.87	52.64	37.13	37.54	35.68	31.11	27.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	26.91	25.99	24.12	27.87	52.64	37.13	37.54	35.68	31.11	27.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,254	23,768	18,118	15,724	11,631	15,964	13,023	12,359	5,075	11,946
Invested Capital Turnover	0.52	0.57	0.71	0.68	0.39	0.63	0.72	1.02	1.02	0.74
Increase / (Decrease) in Invested Capital	-2,514	5,650	2,394	4,093	-4,333	2,941	664	7,284	-6,871	858
Enterprise Value (EV)	26,414	30,538	25,279	27,066	14,256	17,569	14,261	15,181	7,917	14,965
Market Capitalization	2,833	6,421	6,458	11,122	2,470	2,261	1,652	3,395	3,063	3,458
Book Value per Share	($66.22)	($9.64)	($16.95)	($3.90)	($2.22)	$8.89	$5.35	$7.04	$2.51	$4.38
Tangible Book Value per Share	($113.80)	($58.47)	($58.82)	($36.35)	($29.65)	($16.84)	($19.43)	($16.58)	($18.84)	($14.47)
Total Capital	23,096	25,534	19,664	17,100	12,990	17,299	14,197	13,393	5,927	12,760
Total Debt	25,413	25,877	20,364	17,309	13,145	16,643	13,783	12,820	5,706	12,321
Total Long-Term Debt	25,393	25,845	20,337	17,290	13,126	16,624	13,760	12,794	5,427	12,295
Net Debt	23,571	24,111	18,818	15,933	11,786	15,308	12,609	11,786	4,854	11,507
Capital Expenditures (CapEx)	2,665	7,052	4,129	6,082	-3,264	2,666	3,155	2,127	2,128	2,432
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,200	-1,043	-1,231	-1,076	-931	-747	-134	-164	-161	-310
Debt-free Net Working Capital (DFNWC)	-666	-488	-661	-542	-239	-61	481	447	329	142
Net Working Capital (NWC)	-686	-520	-688	-561	-258	-80	458	421	50	116
Net Nonoperating Expense (NNE)	229	257	189	164	177	187	116	322	119	159
Net Nonoperating Obligations (NNO)	23,571	24,111	18,818	15,933	11,786	15,308	12,609	11,786	4,854	11,507
Total Depreciation and Amortization (D&A)	4,055	3,490	2,845	2,513	2,594	3,173	2,258	2,240	2,167	2,097
Debt-free, Cash-free Net Working Capital to Revenue	-10.18%	-8.69%	-10.26%	-11.55%	-17.23%	-8.14%	-1.47%	-1.85%	-1.86%	-3.65%
Debt-free Net Working Capital to Revenue	-5.65%	-4.06%	-5.51%	-5.82%	-4.42%	-0.67%	5.27%	5.05%	3.80%	1.67%
Net Working Capital to Revenue	-5.82%	-4.33%	-5.74%	-6.02%	-4.78%	-0.87%	5.02%	4.76%	0.58%	1.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($51.23)	$42.57	$58.41	$19.79	($9.71)	$4.01	$2.08	$4.32	$1.78	$3.02
Adjusted Weighted Average Basic Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	75.77M	80.95M	85.99M	97.04M
Adjusted Diluted Earnings per Share	($51.23)	$42.08	$57.16	$19.44	($9.71)	$3.98	$2.06	$4.25	$1.75	$2.98
Adjusted Weighted Average Diluted Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	75.77M	80.95M	85.99M	97.04M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.11M	35.47M	39.47M	53.77M	69.84M	74.36M	75.77M	80.95M	85.99M	97.04M
Normalized Net Operating Profit after Tax (NOPAT)	182	1,906	2,960	1,597	-419	397	319	343	314	506
Normalized NOPAT Margin	1.54%	15.87%	24.68%	17.15%	-7.75%	4.33%	3.49%	3.88%	3.63%	5.95%
Pre Tax Income Margin	-22.28%	15.94%	30.32%	18.34%	-17.70%	3.13%	2.93%	2.38%	3.22%	4.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.34	7.48	15.54	8.83	-3.14	2.61	2.42	2.12	2.37	2.97
NOPAT to Interest Expense	-4.44	6.39	11.78	6.64	-2.20	2.75	1.50	3.63	1.39	2.43
EBIT Less CapEx to Interest Expense	-13.78	-16.34	-0.97	-19.06	10.99	-12.37	-14.36	-9.19	-8.11	-9.57
NOPAT Less CapEx to Interest Expense	-11.88	-17.43	-4.73	-21.26	11.93	-12.23	-15.29	-7.68	-9.10	-10.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	21.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3.85%	79.88%	120.79%	113.80%	-17.40%	22.19%	130.91%	58.17%	244.17%	139.30%

This table displays calculated financial ratios and metrics derived from Avis Budget Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.74%	-1.95%	-2.36%	-2.40%	-0.23%	-0.25%	0.48%	-3.73%	5.14%	7.86%	18.19%
EBITDA Growth	-49.54%	-255.08%	-17.66%	-29.54%	-30.48%	-20.85%	-14.50%	-16.62%	-9.07%	2.55%	41.95%
EBIT Growth	-883.05%	-1,250.21%	-49.52%	-82.73%	-112.55%	-59.08%	-40.26%	-41.99%	-37.17%	-0.51%	43.03%
NOPAT Growth	-883.05%	-601.67%	-55.91%	-86.84%	-111.18%	-20.07%	-35.59%	-40.82%	-34.88%	16.51%	51.46%
Net Income Growth	-346.02%	-852.69%	-62.04%	-96.56%	-136.22%	-38.68%	-39.19%	-43.67%	-40.80%	11.29%	52.97%
EPS Growth	-347.04%	-938.36%	-60.37%	-96.28%	-141.58%	-34.76%	-22.57%	-29.92%	-20.49%	73.92%	107.37%
Operating Cash Flow Growth	5.09%	-2.65%	1.60%	-8.20%	-28.08%	-6.15%	-15.96%	-21.26%	-28.66%	-10.39%	15.31%
Free Cash Flow Firm Growth	157.53%	111.20%	99.94%	46.39%	-101.59%	-175.13%	-239.09%	-32.34%	16.91%	48.00%	86.39%
Invested Capital Growth	-14.13%	-10.58%	1.30%	9.36%	27.42%	31.18%	36.14%	23.57%	18.51%	15.23%	18.56%
Revenue Q/Q Growth	-10.33%	-22.13%	14.17%	19.48%	-7.71%	-22.45%	14.12%	22.14%	-7.72%	-21.88%	9.34%
EBITDA Q/Q Growth	126.40%	-210.76%	41.46%	21.98%	-18.48%	-41.20%	21.05%	20.35%	-7.61%	-36.48%	18.05%
EBIT Q/Q Growth	78.90%	-748.35%	268.70%	294.92%	-125.21%	-71.55%	26.13%	41.70%	-19.52%	-58.46%	22.47%
NOPAT Q/Q Growth	78.90%	-727.37%	380.09%	254.69%	-111.00%	-44.87%	43.28%	31.46%	-23.03%	-55.57%	31.65%
Net Income Q/Q Growth	74.25%	-922.27%	1,486.67%	113.27%	-143.46%	-58.53%	43.81%	39.74%	-26.42%	-58.87%	33.20%
EPS Q/Q Growth	73.95%	-928.27%	1,521.95%	112.77%	-148.86%	-60.85%	52.41%	42.62%	-23.34%	-53.53%	37.94%
Operating Cash Flow Q/Q Growth	-19.82%	-39.36%	44.00%	50.08%	-25.73%	-36.71%	30.11%	17.58%	-3.08%	-43.33%	21.91%
Free Cash Flow Firm Q/Q Growth	421.11%	18,097.34%	99.84%	61.39%	-1.27%	6.43%	-46.32%	-45.17%	-38.43%	-15.32%	42.89%
Invested Capital Q/Q Growth	-0.50%	-11.94%	-2.83%	0.86%	3.61%	-0.24%	4.91%	17.52%	6.67%	3.53%	-4.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	18.23%	-61.92%	43.53%	35.14%	34.42%	39.15%	51.63%	48.67%	49.39%	49.33%	60.67%
Operating Margin	-23.87%	-101.44%	12.18%	3.77%	-2.31%	8.65%	23.57%	21.33%	18.38%	21.08%	39.64%
EBIT Margin	-23.87%	-101.44%	12.18%	3.77%	-2.31%	8.65%	23.57%	21.33%	18.38%	21.08%	39.64%
Profit (Net Income) Margin	-20.74%	-72.21%	6.84%	0.49%	-4.43%	9.41%	17.59%	13.96%	12.20%	15.30%	29.07%
Tax Burden Percent	74.45%	68.88%	72.34%	55.56%	79.58%	160.49%	82.83%	72.91%	78.59%	82.17%	76.83%
Interest Burden Percent	116.72%	103.35%	77.59%	23.48%	240.68%	67.78%	90.12%	89.79%	84.47%	88.36%	95.45%
Effective Tax Rate	0.00%	0.00%	27.66%	44.44%	0.00%	-60.49%	17.17%	27.09%	21.41%	17.83%	23.17%
Return on Invested Capital (ROIC)	-8.52%	-37.19%	4.35%	1.05%	-0.88%	7.96%	11.35%	9.08%	9.83%	12.28%	22.26%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.92%	-37.32%	4.07%	0.85%	-1.20%	7.38%	11.02%	8.84%	9.52%	11.95%	21.96%
Return on Net Nonoperating Assets (RNNOA)	131.90%	669.05%	-763.19%	-67.32%	56.95%	-303.81%	-862.48%	-478.31%	-247.65%	-456.99%	-1,027.04%
Return on Equity (ROE)	123.38%	631.86%	-758.84%	-66.26%	56.06%	-295.85%	-851.13%	-469.23%	-237.82%	-444.71%	-1,004.78%
Cash Return on Invested Capital (CROIC)	6.67%	4.11%	1.87%	-4.28%	-17.39%	-17.94%	-20.78%	-9.34%	-1.53%	3.26%	0.87%
Operating Return on Assets (OROA)	-8.90%	-38.82%	4.44%	1.38%	-0.91%	3.55%	9.85%	8.90%	8.74%	10.42%	19.97%
Return on Assets (ROA)	-7.74%	-27.64%	2.49%	0.18%	-1.75%	3.86%	7.35%	5.83%	5.80%	7.56%	14.65%
Return on Common Equity (ROCE)	124.05%	635.66%	-800.17%	-67.57%	56.65%	-298.40%	-862.26%	-474.69%	-239.82%	-451.56%	-1,026.16%
Return on Equity Simple (ROE_SIMPLE)	78.24%	0.00%	-168.07%	-161.02%	-234.95%	0.00%	0.00%	-1,707.75%	-572.30%	0.00%	-533.01%
Net Operating Profit after Tax (NOPAT)	-406	-1,924	307	64	-41	384	696	486	369	480	1,080
NOPAT Margin	-16.71%	-71.01%	8.81%	2.10%	-1.62%	13.88%	19.52%	15.55%	14.45%	17.32%	30.45%
Net Nonoperating Expense Percent (NNEP)	0.40%	0.14%	0.29%	0.20%	0.32%	0.58%	0.33%	0.24%	0.31%	0.32%	0.30%
Return On Investment Capital (ROIC_SIMPLE)	-1.77%	-8.33%	-	-	-	1.50%	-	-	-	2.44%	-
Cost of Revenue to Revenue	0.00%	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	68.35%	69.19%	55.80%	61.68%	65.43%	60.02%	54.43%	59.33%	63.79%	59.44%	52.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	123.87%	201.44%	87.82%	96.23%	102.31%	91.35%	76.43%	78.67%	81.62%	78.92%	60.36%
Earnings before Interest and Taxes (EBIT)	-580	-2,749	424	115	-59	239	840	666	470	584	1,406
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	443	-1,678	1,515	1,071	878	1,082	1,840	1,520	1,263	1,367	2,152
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.23	0.24	0.26	0.31	0.37	0.53	0.55	0.72	0.60	0.54	0.58
Price to Earnings (P/E)	0.00	0.00	7.89	4.75	3.68	3.93	3.68	3.92	2.87	2.34	2.49
Dividend Yield	0.00%	0.00%	11.42%	9.57%	8.17%	5.64%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	12.68%	21.07%	27.19%	25.42%	27.16%	25.51%	34.87%	42.80%	40.16%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.24	1.14	1.17	1.20	1.28	1.28	1.39	1.40	1.40	1.42
Enterprise Value to Revenue (EV/Rev)	2.28	2.24	2.32	2.44	2.46	2.54	2.54	2.62	2.23	2.11	2.10
Enterprise Value to EBITDA (EV/EBITDA)	19.71	14.79	6.06	5.97	5.56	5.35	5.09	5.00	4.10	3.76	3.70
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	38.51	25.71	17.59	13.79	11.90	10.07	7.50	6.51	6.37
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	36.20	26.20	19.99	16.14	15.01	13.04	9.86	8.58	8.61
Enterprise Value to Operating Cash Flow (EV/OCF)	7.51	7.51	7.77	8.26	8.22	7.98	7.85	7.64	6.18	5.37	5.16
Enterprise Value to Free Cash Flow (EV/FCFF)	17.45	28.53	61.16	0.00	0.00	0.00	0.00	0.00	0.00	45.84	176.58
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-9.17	-10.97	-114.62	-56.08	-52.88	-75.44	-914.18	-196.44	-48.36	-29.09	-38.49
Long-Term Debt to Equity	-8.99	-10.96	-112.27	-56.02	-52.08	-75.35	-913.11	-196.17	-48.28	-29.05	-38.44
Financial Leverage	-14.79	-17.93	-187.61	-79.33	-47.31	-41.16	-78.24	-54.09	-26.02	-38.23	-46.76
Leverage Ratio	-18.85	-23.16	-253.12	-107.54	-64.19	-56.08	-107.48	-74.28	-35.79	-53.39	-66.39
Compound Leverage Factor	-22.01	-23.94	-196.41	-25.25	-154.49	-38.02	-96.86	-66.69	-30.23	-47.17	-63.37
Debt to Total Capital	112.24%	110.03%	100.88%	101.82%	101.93%	101.34%	100.11%	100.51%	102.11%	103.56%	102.67%
Short-Term Debt to Total Capital	2.21%	0.09%	2.08%	0.11%	1.54%	0.13%	0.12%	0.14%	0.16%	0.14%	0.14%
Long-Term Debt to Total Capital	110.03%	109.95%	98.80%	101.71%	100.39%	101.22%	99.99%	100.37%	101.95%	103.42%	102.53%
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	0.05%	0.04%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.02%	0.01%
Common Equity to Total Capital	-12.29%	-10.08%	-0.91%	-1.85%	-1.95%	-1.37%	-0.13%	-0.53%	-2.13%	-3.58%	-2.68%
Debt to EBITDA	19.07	14.23	5.78	5.55	5.05	4.54	4.27	3.90	3.23	3.03	2.91
Net Debt to EBITDA	17.73	13.20	5.37	5.20	4.73	4.23	3.98	3.62	2.99	2.80	2.69
Long-Term Debt to EBITDA	18.70	14.22	5.66	5.55	4.98	4.53	4.27	3.89	3.22	3.02	2.91
Debt to NOPAT	-13.19	-16.00	34.56	24.37	18.16	13.68	12.61	10.17	7.76	6.91	6.78
Net Debt to NOPAT	-12.27	-14.84	32.08	22.83	16.99	12.74	11.75	9.46	7.20	6.39	6.25
Long-Term Debt to NOPAT	-12.93	-15.99	33.85	24.35	17.88	13.66	12.59	10.16	7.75	6.90	6.77
Altman Z-Score	0.41	0.22	0.59	0.57	0.56	0.66	0.73	0.74	0.77	0.79	0.89
Noncontrolling Interest Sharing Ratio	-0.54%	-0.60%	-5.45%	-1.98%	-1.05%	-0.86%	-1.31%	-1.16%	-0.84%	-1.54%	-2.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.75	0.70	0.86	0.76	0.80	0.81	0.79	0.72	0.73	0.72
Quick Ratio	0.41	0.50	0.46	0.55	0.51	0.55	0.54	0.52	0.49	0.54	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,073	590	-3.28	-2,062	-5,341	-5,266	-5,628	-3,846	-2,650	-1,914	-1,660
Operating Cash Flow to CapEx	85.03%	2,412.50%	1,872.06%	84.84%	38.67%	214.32%	74.90%	28.59%	49.91%	125.56%	0.00%
Free Cash Flow to Firm to Interest Expense	31.68	6.41	-0.03	-23.43	-64.35	-70.22	-70.35	-56.57	-36.30	-27.74	-25.93
Operating Cash Flow to Interest Expense	6.38	8.39	13.40	10.05	7.10	10.57	15.66	14.16	11.22	12.25	23.30
Operating Cash Flow Less CapEx to Interest Expense	-1.12	8.04	12.68	-1.80	-11.25	5.64	-5.25	-35.37	-11.26	2.49	27.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.38	0.36	0.37	0.39	0.41	0.42	0.42	0.48	0.49	0.50
Accounts Receivable Turnover	12.25	13.57	12.91	12.18	13.10	14.04	13.45	13.57	15.34	15.13	14.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.57	0.59	0.54	0.54	0.59	0.62	0.64	0.63	0.74	0.80	0.83
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	29.80	26.91	28.28	29.98	27.87	25.99	27.14	26.89	23.79	24.12	26.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	29.80	26.91	28.28	29.98	27.87	25.99	27.14	26.89	23.79	24.12	26.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,147	21,254	24,135	24,837	24,626	23,768	23,825	22,711	19,326	18,118	17,501
Invested Capital Turnover	0.51	0.52	0.49	0.50	0.55	0.57	0.58	0.58	0.68	0.71	0.73
Increase / (Decrease) in Invested Capital	-3,479	-2,514	310	2,126	5,300	5,650	6,324	4,332	3,019	2,394	2,740
Enterprise Value (EV)	26,634	26,414	27,497	29,053	29,577	30,538	30,472	31,479	27,075	25,279	24,790
Market Capitalization	2,665	2,833	3,124	3,726	4,436	6,421	6,614	8,639	7,305	6,458	6,780
Book Value per Share	($80.38)	($66.22)	($6.67)	($13.75)	($14.45)	($9.64)	($0.85)	($3.24)	($11.25)	($16.95)	($10.59)
Tangible Book Value per Share	($128.48)	($113.80)	($55.91)	($62.47)	($63.43)	($58.47)	($45.74)	($47.28)	($55.21)	($58.82)	($45.81)
Total Capital	22,958	23,096	26,020	26,547	26,353	25,534	25,569	24,430	20,884	19,664	19,009
Total Debt	25,769	25,413	26,249	27,029	26,861	25,877	25,597	24,555	21,325	20,364	19,516
Total Long-Term Debt	25,261	25,393	25,709	27,001	26,456	25,845	25,567	24,521	21,291	20,337	19,489
Net Debt	23,958	23,571	24,364	25,319	25,134	24,111	23,853	22,836	19,767	18,818	18,008
Capital Expenditures (CapEx)	728	32	68	1,042	1,523	370	1,673	3,368	1,641	673	-293
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,236	-1,200	-1,069	-889	-858	-1,043	-1,079	-1,148	-1,280	-1,231	-1,324
Debt-free Net Working Capital (DFNWC)	-720	-666	-467	-378	-336	-488	-507	-577	-732	-661	-743
Net Working Capital (NWC)	-1,228	-686	-1,007	-406	-741	-520	-537	-611	-766	-688	-770
Net Nonoperating Expense (NNE)	98	33	69	49	72	124	69	50	57	56	49
Net Nonoperating Obligations (NNO)	23,958	23,571	24,364	25,319	25,134	24,111	23,853	22,836	19,767	18,818	18,008
Total Depreciation and Amortization (D&A)	1,023	1,071	1,091	956	937	843	1,000	854	793	783	746
Debt-free, Cash-free Net Working Capital to Revenue	-10.59%	-10.18%	-9.03%	-7.45%	-7.15%	-8.69%	-8.98%	-9.57%	-10.56%	-10.26%	-11.23%
Debt-free Net Working Capital to Revenue	-6.17%	-5.65%	-3.94%	-3.17%	-2.80%	-4.06%	-4.22%	-4.81%	-6.04%	-5.51%	-6.30%
Net Working Capital to Revenue	-10.52%	-5.82%	-8.50%	-3.40%	-6.17%	-4.33%	-4.47%	-5.09%	-6.32%	-5.74%	-6.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($14.35)	($55.10)	$6.67	$0.41	($3.21)	$6.60	$16.96	$11.13	$7.88	$10.32	$22.08
Adjusted Weighted Average Basic Shares Outstanding	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M
Adjusted Diluted Earnings per Share	($14.35)	($55.08)	$6.65	$0.41	($3.21)	$6.57	$16.78	$11.01	$7.72	$10.07	$21.67
Adjusted Weighted Average Diluted Shares Outstanding	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M
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	35.19M	35.11M	35.14M	35.66M	35.65M	35.47M	36.22M	38.74M	39.76M	39.47M	41.47M
Normalized Net Operating Profit after Tax (NOPAT)	-391	-1,901	311	73	-39	173	698	486	373	482	1,082
Normalized NOPAT Margin	-16.07%	-70.16%	8.94%	2.39%	-1.51%	6.26%	19.59%	15.57%	14.57%	17.41%	30.50%
Pre Tax Income Margin	-27.86%	-104.83%	9.45%	0.89%	-5.57%	5.86%	21.24%	19.15%	15.53%	18.62%	37.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.98	-29.88	4.46	1.31	-0.71	3.19	10.50	9.79	6.44	8.46	21.97
NOPAT to Interest Expense	-4.19	-20.92	3.23	0.73	-0.50	5.11	8.70	7.14	5.06	6.95	16.88
EBIT Less CapEx to Interest Expense	-13.48	-30.23	3.75	-10.53	-19.06	-1.75	-10.41	-39.74	-16.04	-1.29	26.55
NOPAT Less CapEx to Interest Expense	-11.69	-21.26	2.51	-11.11	-18.85	0.18	-12.22	-42.39	-17.42	-2.80	21.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	21.71%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.63%	-3.85%	71.50%	97.21%	75.62%	79.88%	80.32%	80.84%	81.90%	120.79%	111.94%

Frequently Asked Questions About Avis Budget Group's Financials

When does Avis Budget Group's fiscal year end?

According to the most recent income statement we have on file, Avis Budget Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Avis Budget Group's net income changed over the last 9 years?

Avis Budget Group's net income appears to be on an upward trend, with a most recent value of -$1.82 billion in 2024, falling from $313 million in 2015. The previous period was $1.64 billion in 2023. Find out what analysts predict for Avis Budget Group in the coming months.

What is Avis Budget Group's operating income?

Avis Budget Group's total operating income in 2024 was -$2.27 billion, based on the following breakdown:

Total Gross Profit: $11.79 billion
Total Operating Expenses: $14.06 billion

How has Avis Budget Group revenue changed over the last 9 years?

Over the last 9 years, Avis Budget Group's total revenue changed from $8.50 billion in 2015 to $11.79 billion in 2024, a change of 38.7%.

How much debt does Avis Budget Group have?

Avis Budget Group's total liabilities were at $31.36 billion at the end of 2024, a 4.7% decrease from 2023, and a 82.4% increase since 2015.

How much cash does Avis Budget Group have?

In the past 9 years, Avis Budget Group's cash and equivalents has ranged from $452 million in 2015 to $692 million in 2020, and is currently $534 million as of their latest financial filing in 2024.

How has Avis Budget Group's book value per share changed over the last 9 years?

Over the last 9 years, Avis Budget Group's book value per share changed from 4.38 in 2015 to -66.22 in 2024, a change of -1,613.1%.

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This page (NASDAQ:CAR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Avis Budget Group (CAR) Financials

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