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AutoNation (AN) Financials

AutoNation logo
$185.90 -2.99 (-1.58%)
Closing price 03:59 PM Eastern
Extended Trading
$185.66 -0.24 (-0.13%)
As of 05:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for AutoNation

Annual Income Statements for AutoNation

This table shows AutoNation'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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 443 431 435 396 450 382 1,373 1,415 1,021 692 649
Consolidated Net Income / (Loss)		 443 431 435 396 450 382 1,373 1,377 1,021 692 649
Net Income / (Loss) Continuing Operations		 444 432 435 396 451 382 1,373 1,378 1,020 692 649
Total Pre-Tax Income 		723 702 637 529 613 550 1,808 1,834 1,350 917 885
Total Operating Income		 873 890 843 778 824 563 1,903 2,025 1,652 1,306 1,240
Total Gross Profit		 3,262 3,313 3,359 3,397 3,523 3,566 4,953 5,265 5,132 4,785 4,949
Total Revenue		 20,862 21,609 21,535 21,413 21,336 20,390 25,844 26,947 26,935 26,756 27,641
Operating Revenue		 20,862 21,609 21,535 21,413 21,336 20,390 25,844 26,947 26,935 26,756 27,641
Total Cost of Revenue		 17,601 18,296 18,176 18,016 17,813 16,824 20,891 21,720 21,817 21,980 22,683
Operating Cost of Revenue		 17,601 18,296 18,176 18,016 17,813 16,824 20,891 21,720 21,817 21,980 22,683
Total Operating Expenses		 2,388 2,424 2,516 2,619 2,699 3,003 3,050 3,203 3,466 3,471 3,718
Selling, General & Admin Expense		 2,264 2,349 2,436 2,510 2,559 2,422 2,876 3,026 3,253 3,264 3,362
Depreciation Expense		 127 143 159 166 181 199 193 200 221 241 251
Other Operating Expenses / (Income)		 -18 -69 -79 -65 -49 6.50 -20 -23 -8.00 -47 -54
Impairment Charge		 15 0.00 0.00 8.10 9.60 376 - 0.00 0.00 13 159
Total Other Income / (Expense), net		 -150 -187 -207 -249 -211 -13 -94 -191 -302 -389 -355
Interest Expense		 149 192 217 250 245 158 119 176 326 399 369
Other Income / (Expense), net		 -1.30 3.70 9.30 0.20 34 144 24 -15 24 9.80 13
Income Tax Expense		 279 271 202 134 162 168 435 456 330 225 235
Net Income / (Loss) Discontinued Operations		 -1.10 -1.20 -0.40 0.10 -0.80 -0.20 -0.30 -0.30 0.90 0.00 0.00
Basic Earnings per Share		 $3.93 $4.18 $4.44 $4.36 $4.99 $4.32 $18.50 $24.47 $22.89 $17.09 $17.26
Weighted Average Basic Shares Outstanding		 112.70M 103.10M 97.80M 90.90M 90.10M 88.30M 74.20M 56.30M 44.60M 40.50M 37.60M
Diluted Earnings per Share		 $3.89 $4.15 $4.43 $4.34 $4.97 $4.30 $18.31 $24.29 $22.74 $16.92 $17.04
Weighted Average Diluted Shares Outstanding		 113.90M 103.80M 98.20M 91.30M 90.50M 88.70M 75M 56.70M 44.90M 40.90M 38.10M
Weighted Average Basic & Diluted Shares Outstanding		 112.60M 103M 97.90M 90.80M 89.47M 82.23M 61.67M 46.90M 41.66M 39.06M 34.71M

Quarterly Income Statements for AutoNation

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 244 216 195 130 186 186 176 86 215 172 205
Consolidated Net Income / (Loss)		 244 216 190 130 186 186 176 86 215 172 205
Net Income / (Loss) Continuing Operations		 244 216 195 130 186 186 176 86 215 172 205
Total Pre-Tax Income 		327 278 253 174 247 242 234 138 288 225 276
Total Operating Income		 420 350 340 275 351 340 336 218 372 314 314
Total Gross Profit		 1,295 1,215 1,198 1,163 1,177 1,242 1,220 1,275 1,238 1,215 1,221
Total Revenue		 6,893 6,767 6,486 6,481 6,580 7,204 6,691 6,976 7,039 6,935 6,562
Operating Revenue		 6,893 6,767 6,486 6,481 6,580 7,204 6,691 6,976 7,039 6,935 6,562
Total Cost of Revenue		 5,598 5,552 5,288 5,317 5,403 5,972 5,471 5,699 5,799 5,714 5,341
Operating Cost of Revenue		 5,598 5,552 5,288 5,317 5,403 5,972 5,471 5,699 5,799 5,714 5,341
Total Operating Expenses		 875 851 853 889 826 893 884 1,060 868 907 906
Selling, General & Admin Expense		 819 808 793 826 811 834 822 855 850 836 842
Depreciation Expense		 56 57 58 60 61 61 62 64 64 62 63
Other Operating Expenses / (Income)		 0.10 -14 1.20 3.10 -47 -15 0.30 4.20 -47 -12 1.00
Total Other Income / (Expense), net		 -92 -72 -87 -101 -103 -98 -102 -79 -85 -89 -39
Interest Expense		 87 92 94 101 105 99 89 92 93 96 90
Other Income / (Expense), net		 -5.00 20 7.00 -0.10 2.10 0.80 -13 12 7.80 6.50 51
Income Tax Expense		 84 62 63 44 62 56 59 52 73 52 70
Basic Earnings per Share		 $5.59 $5.12 $4.53 $3.22 $4.66 $4.68 $4.50 $2.29 $5.72 $4.75 $5.92
Weighted Average Basic Shares Outstanding		 43.60M 44.60M 42M 40.40M 39.90M 40.50M 39M 37.80M 37.60M 37.60M 34.70M
Diluted Earnings per Share		 $5.54 $5.11 $4.49 $3.20 $4.61 $4.62 $4.45 $2.26 $5.65 $4.68 $5.85
Weighted Average Diluted Shares Outstanding		 44M 44.90M 42.30M 40.70M 40.30M 40.90M 39.40M 38.30M 38.10M 38.10M 35.10M
Weighted Average Basic & Diluted Shares Outstanding		 42.52M 41.66M 40.27M 39.68M 39.65M 39.06M 37.70M 37.71M 36.47M 34.71M 33.46M

Annual Cash Flow Statements for AutoNation

This table details how cash moves in and out of AutoNation'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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -1.30 -13 5.70 -22 -6.90 527 -509 35 -18 26 -18
Net Cash From Operating Activities		 507 516 540 511 769 1,208 1,628 1,668 724 315 112
Net Cash From Continuing Operating Activities		 508 517 540 510 769 1,208 1,628 1,668 724 315 112
Net Income / (Loss) Continuing Operations		 444 432 435 396 451 382 1,373 1,378 1,020 692 649
Consolidated Net Income / (Loss)		 443 431 435 396 450 382 1,373 1,377 1,021 692 649
Net Income / (Loss) Discontinued Operations		 1.10 -1.20 0.40 -0.10 -0.80 -0.20 -0.30 -0.30 0.90 0.00 0.00
Depreciation Expense		 127 143 159 166 181 199 193 200 221 241 251
Amortization Expense		 4.70 5.40 5.60 5.40 5.20 4.70 4.90 7.20 9.60 8.90 8.60
Non-Cash Adjustments To Reconcile Net Income		 5.10 -35 -56 -20 -35 283 8.60 58 70 60 322
Changes in Operating Assets and Liabilities, net		 -73 -29 -3.10 -37 167 340 48 26 -596 -687 -1,119
Net Cash From Discontinued Operating Activities		 -1.00 -1.30 -0.30 0.60 0.00 0.00 -0.30 -0.30 -0.30 0.00 0.00
Net Cash From Investing Activities		 -509 -493 -227 -295 -116 -74 -460 -479 -570 12 -687
Net Cash From Continuing Investing Activities		 -509 -493 -227 -295 -116 -74 -460 -479 -570 12 -687
Purchase of Property, Plant & Equipment		 -258 -250 -313 -401 -269 -156 -216 -329 -410 -329 -309
Acquisitions		 -322 -410 -77 -67 -4.70 -0.40 -433 -192 -271 0.00 -459
Purchase of Investments		 - 0.00 0.00 -50 0.00 -50 -5.50 -56 -111 0.00 0.00
Sale of Property, Plant & Equipment		 33 14 59 21 38 16 37 - 7.90 3.80 44
Divestitures		 44 150 105 173 116 9.00 49 55 23 156 16
Sale and/or Maturity of Investments		 - - - 0.00 0.00 105 109 0.00 69 96 0.00
Other Investing Activities, net		 -7.40 3.00 -0.40 28 4.60 1.90 -1.60 42 123 85 22
Net Cash From Discontinued Investing Activities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 0.90 -36 -307 -237 -660 -607 -1,677 -1,154 -173 -301 558
Net Cash From Continuing Financing Activities		 0.90 -36 -307 -237 -660 -607 -1,677 -1,154 -173 -301 558
Repayment of Debt		 -2,554 -1,357 -2,098 -418 -31 -1,488 -319 -55 -412 -1,412 -1,899
Repurchase of Common Equity		 -237 -512 -435 -100 -45 -367 -2,318 -1,700 -874 -460 -792
Issuance of Debt		 2,758 1,673 2,056 300 -460 1,437 1,188 450 714 1,703 3,207
Other Financing Activities, net		 35 161 169 -19 -125 -189 -227 151 400 -132 42
Net Cash From Discontinued Financing Activities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Interest Paid		 - - - - - - - - 0.00 0.00 0.00

Quarterly Cash Flow Statements for AutoNation

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -6.90 -1.40 4.10 29 -11 5.00 26 -32 29 -40 40
Net Cash From Operating Activities		 256 -39 295 -60 -70 150 -53 -178 192 151 22
Net Cash From Continuing Operating Activities		 256 -39 295 -60 -70 150 -53 -178 192 151 22
Net Income / (Loss) Continuing Operations		 244 216 190 130 186 186 176 86 215 172 205
Consolidated Net Income / (Loss)		 244 216 190 130 186 186 176 86 215 172 205
Depreciation Expense		 56 57 58 60 61 61 62 64 64 62 63
Amortization Expense		 2.20 2.60 2.30 2.30 2.40 1.90 2.00 2.00 2.30 2.30 2.80
Non-Cash Adjustments To Reconcile Net Income		 16 5.00 25 18 -13 30 46 168 30 79 -16
Changes in Operating Assets and Liabilities, net		 -62 -320 18 -270 -306 -130 -338 -498 -120 -164 -233
Net Cash From Investing Activities		 -9.50 -73 -69 -67 104 44 -136 -74 -319 -157 -49
Net Cash From Continuing Investing Activities		 -9.50 -73 -69 -67 104 44 -136 -74 -319 -157 -49
Purchase of Property, Plant & Equipment		 -87 -124 -94 -88 -81 -66 -75 -79 -69 -86 -56
Acquisitions		 -2.20 -0.30 0.00 - - - -70 - -279 -111 0.00
Purchase of Investments		 -19 - - - - - 0.00 - - - -12
Divestitures		 - 23 - - - - 0.00 - - - 13
Other Investing Activities, net		 30 29 24 20 29 15 8.70 4.60 13 -3.90 6.30
Net Cash From Financing Activities		 -253 110 -221 155 -46 -189 215 220 156 -33 67
Net Cash From Continuing Financing Activities		 -253 110 -221 155 -46 -189 215 220 156 -33 67
Repayment of Debt		 -115 -164 -286 -271 -245 -765 -161 -256 -835 -357 -867
Repurchase of Common Equity		 -200 -151 -39 -311 -5.60 -104 -221 -33 -176 -362 -301
Issuance of Debt		 -27 262 214 549 324 772 617 425 1,176 699 1,222
Other Financing Activities, net		 89 163 -111 188 -119 -91 -21 84 -8.60 -14 13

Annual Balance Sheets for AutoNation

This table presents AutoNation'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 2025
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 12/31/2025
Total Assets		 9,548 10,060 10,272 10,665 10,543 9,887 8,944 10,060 11,980 13,002 14,392
Total Current Assets		 4,710 4,715 4,798 4,884 4,411 4,153 2,812 3,138 4,307 4,698 4,648
Cash & Equivalents		 74 65 69 49 42 570 60 73 61 60 59
Accounts Receivable		 908 1,033 1,111 976 917 845 730 859 1,040 1,066 948
Inventories, net		 3,612 3,520 3,366 3,651 3,306 2,599 1,848 2,048 3,033 3,360 3,405
Other Current Assets		 115 97 252 209 147 139 173 158 172 212 236
Plant, Property, & Equipment, net		 2,667 2,843 2,963 3,155 3,175 3,138 3,420 3,607 3,792 3,792 3,956
Total Noncurrent Assets		 2,171 2,502 2,511 2,626 2,958 2,596 2,712 3,315 3,882 4,512 5,788
Noncurrent Note & Lease Receivables		 - - - - - - 0.00 303 402 1,057 2,140
Goodwill		 1,395 1,511 1,515 1,513 1,502 1,185 1,235 1,320 1,466 1,453 1,409
Intangible Assets		 440 598 587 595 582 522 744 837 928 906 1,029
Other Noncurrent Operating Assets		 337 393 410 517 874 890 734 854 1,086 1,096 1,210
Total Liabilities & Shareholders' Equity		 9,548 10,060 10,272 10,665 10,543 9,887 8,944 10,060 11,980 13,002 14,392
Total Liabilities		 7,199 7,750 7,902 7,949 7,381 6,652 6,567 8,012 9,769 10,544 12,051
Total Current Liabilities		 5,167 5,829 5,636 5,658 5,100 4,166 3,060 3,406 5,583 6,312 5,541
Short-Term Debt		 611 1,110 745 674 526 309 352 73 911 1,177 339
Accounts Payable		 300 304 310 306 290 335 396 328 345 377 370
Other Current Liabilities		 4,256 4,416 4,581 4,678 4,106 3,296 2,032 2,767 4,327 4,759 4,832
Total Noncurrent Liabilities		 2,032 1,921 2,267 2,291 2,281 2,486 3,507 4,606 4,186 4,232 6,511
Long-Term Debt		 1,745 1,611 1,959 1,926 1,579 1,793 2,846 3,587 3,128 2,614 5,586
Noncurrent Deferred & Payable Income Tax Liabilities		 79 92 72 90 135 96 78 77 85 83 94
Other Noncurrent Operating Liabilities		 208 218 235 275 567 597 582 943 973 1,536 831
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,349 2,310 2,369 2,716 3,162 3,236 2,377 2,048 2,211 2,457 2,341
Total Preferred & Common Equity		 2,349 2,310 2,369 2,716 3,162 3,236 2,377 2,048 2,211 2,457 2,341
Total Common Equity		 2,349 2,310 2,369 2,716 3,162 3,236 2,377 2,048 2,211 2,457 2,341
Common Stock		 6.40 19 5.00 22 37 54 4.00 3.70 23 21 33
Retained Earnings		 2,703 3,133 2,832 3,238 3,688 4,069 4,640 3,664 4,643 5,332 5,976
Other Equity Adjustments		 - - - - - - - - - -2,895 -3,668

Quarterly Balance Sheets for AutoNation

This table presents AutoNation'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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 9,415 10,361 11,080 11,241 12,041 12,829 12,907 13,326 13,571 14,201 14,623
Total Current Assets		 3,075 3,153 3,640 3,773 4,242 4,851 4,750 4,549 4,621 4,688 4,580
Cash & Equivalents		 443 58 64 64 60 86 60 71 63 98 66
Accounts Receivable		 649 743 842 877 880 855 924 1,023 868 880 829
Inventories, net		 1,851 2,196 2,573 2,646 3,003 3,554 3,531 3,232 3,446 3,489 3,444
Other Current Assets		 131 156 161 186 299 357 235 224 245 221 241
Plant, Property, & Equipment, net		 3,499 3,656 3,713 3,724 3,774 3,781 3,781 3,795 3,797 3,929 3,950
Total Noncurrent Assets		 2,841 3,552 3,726 3,744 4,025 4,197 4,376 4,981 5,153 5,583 6,093
Noncurrent Note & Lease Receivables		 - 327 346 320 518 709 892 1,398 1,702 1,954 2,371
Goodwill		 1,233 1,450 1,461 1,456 1,455 1,449 1,448 1,453 1,386 1,400 1,407
Intangible Assets		 742 880 936 932 926 924 923 966 893 1,007 1,029
Other Noncurrent Operating Assets		 865 894 984 1,037 1,127 1,113 1,114 1,164 1,172 1,223 1,286
Total Liabilities & Shareholders' Equity		 9,415 10,361 11,080 11,241 12,041 12,829 12,907 13,326 13,571 14,201 14,623
Total Liabilities		 7,160 8,341 8,988 9,099 9,682 10,645 10,535 10,922 11,102 11,689 12,396
Total Current Liabilities		 2,935 3,781 4,407 4,532 5,384 6,217 5,960 5,881 5,693 5,909 5,626
Short-Term Debt		 12 310 488 370 759 905 839 900 698 727 472
Accounts Payable		 344 347 391 342 347 339 299 332 340 352 377
Other Current Liabilities		 2,284 2,896 3,271 3,538 4,279 4,973 4,823 4,650 4,656 4,528 4,777
Total Noncurrent Liabilities		 4,225 4,560 4,581 4,567 4,297 4,428 4,575 5,041 5,408 5,780 6,770
Long-Term Debt		 3,533 3,585 3,583 3,580 3,126 3,124 3,121 3,105 4,532 4,848 5,829
Noncurrent Deferred & Payable Income Tax Liabilities		 84 58 58 60 86 90 88 86 67 98 113
Other Noncurrent Operating Liabilities		 608 917 940 927 1,085 1,215 1,366 1,851 810 834 828
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,255 2,020 2,092 2,142 2,360 2,183 2,371 2,403 2,470 2,512 2,227
Total Preferred & Common Equity		 2,255 2,020 2,092 2,142 2,360 2,183 2,371 2,403 2,470 2,512 2,227
Total Common Equity		 2,255 2,020 2,092 2,142 2,360 2,183 2,371 2,403 2,470 2,512 2,227
Common Stock		 10 3.60 12 19 2.60 9.40 17 3.90 13 22 7.60
Retained Earnings		 5,673 3,911 4,183 4,427 4,830 4,960 5,146 5,503 5,589 5,804 6,171
Treasury Stock		 -3,428 -1,894 -2,103 -2,304 -2,473 -2,786 -2,792 -3,103 - -3,314 -3,952

Annual Metrics And Ratios for AutoNation

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.17% 3.58% -0.34% -0.57% -0.36% -4.43% 26.75% 4.27% 0.01% -0.72% 3.31%
EBITDA Growth		 7.22% 3.80% -2.41% -6.61% 9.87% -12.67% 133.24% 4.33% -14.02% -17.91% -3.30%
EBIT Growth		 5.84% 2.45% -4.53% -8.75% 10.23% -17.50% 172.34% 4.29% -16.59% -21.54% -4.71%
NOPAT Growth		 6.14% 2.00% 5.42% 0.93% 4.18% -35.50% 269.66% 5.28% -17.95% -21.02% -7.70%
Net Income Growth		 5.71% -2.73% 0.95% -8.88% 13.64% -15.20% 259.80% 0.32% -25.87% -32.21% -6.23%
EPS Growth		 10.51% 6.68% 6.75% -2.03% 14.52% -13.48% 325.81% 32.66% -6.38% -25.59% 0.71%
Operating Cash Flow Growth		 4.56% 1.74% 4.67% -5.39% 50.53% 56.99% 34.79% 2.48% -56.60% -56.53% -64.44%
Free Cash Flow Firm Growth		 -86.13% 621.42% 153.66% -41.04% 104.57% 30.38% -17.62% 100.72% -50.47% 42.33% -21.83%
Invested Capital Growth		 12.28% 7.22% 0.76% 5.28% -0.83% -8.73% 15.67% 2.18% 9.84% -0.03% 2.23%
Revenue Q/Q Growth		 1.42% 0.66% 0.95% -1.25% 0.65% 1.17% 3.18% 0.29% 0.26% 1.66% -0.98%
EBITDA Q/Q Growth		 -1.80% 3.77% -0.05% -3.71% 7.88% -2.89% 16.58% -4.31% -3.02% -1.65% -1.25%
EBIT Q/Q Growth		 -2.69% 4.09% -0.55% -4.66% 9.09% -4.08% 18.58% -4.86% -3.74% -2.19% -1.56%
NOPAT Q/Q Growth		 -3.12% 4.33% 10.37% -9.16% 5.98% 15.23% 13.70% -5.32% -3.87% -1.20% -2.22%
Net Income Q/Q Growth		 -4.16% 4.31% 9.03% -12.89% 16.88% -1.60% 20.71% -6.81% -6.43% -4.17% -2.11%
EPS Q/Q Growth		 -3.23% 6.41% 11.87% -11.61% 16.67% -2.05% 26.71% 0.87% -2.61% -2.81% 0.35%
Operating Cash Flow Q/Q Growth		 -0.06% 1.04% 9.29% -17.34% 19.93% -4.76% 1.57% 10.34% -26.68% 149.17% 0.63%
Free Cash Flow Firm Q/Q Growth		 19.10% 1,440.60% 24.17% -38.01% 34.50% 82.69% -50.26% 15.33% 10.53% 30.86% 198.11%
Invested Capital Q/Q Growth		 5.12% 1.01% -0.02% 2.63% 0.05% -6.46% 11.08% 5.20% 2.69% -1.32% -20.81%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 15.63% 15.33% 15.60% 15.87% 16.51% 17.49% 19.16% 19.54% 19.04% 17.89% 17.90%
EBITDA Margin		 4.81% 4.82% 4.72% 4.44% 4.89% 4.47% 8.22% 8.23% 7.07% 5.85% 5.47%
Operating Margin		 4.19% 4.12% 3.92% 3.63% 3.86% 2.76% 7.36% 7.51% 6.13% 4.88% 4.49%
EBIT Margin		 4.18% 4.13% 3.96% 3.63% 4.02% 3.47% 7.46% 7.46% 6.22% 4.92% 4.53%
Profit (Net Income) Margin		 2.12% 1.99% 2.02% 1.85% 2.11% 1.87% 5.31% 5.11% 3.79% 2.59% 2.35%
Tax Burden Percent		 61.24% 61.30% 68.28% 74.80% 73.46% 69.37% 75.92% 75.12% 75.63% 75.51% 73.39%
Interest Burden Percent		 82.90% 78.63% 74.65% 68.04% 71.42% 77.74% 93.84% 91.23% 80.55% 69.70% 70.57%
Effective Tax Rate		 38.61% 38.53% 31.66% 25.22% 26.41% 30.59% 24.06% 24.86% 24.44% 24.49% 26.61%
Return on Invested Capital (ROIC)		 12.24% 11.39% 11.56% 11.33% 11.55% 7.82% 28.10% 27.29% 21.11% 15.93% 14.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.93% 6.68% 6.20% 4.16% 4.79% 7.31% 25.02% 23.01% 15.11% 8.31% 7.78%
Return on Net Nonoperating Assets (RNNOA)		 7.78% 7.08% 7.01% 4.25% 3.76% 4.11% 20.82% 34.97% 26.84% 13.72% 12.51%
Return on Equity (ROE)		 20.02% 18.48% 18.57% 15.57% 15.31% 11.93% 48.92% 62.26% 47.95% 29.65% 27.05%
Cash Return on Invested Capital (CROIC)		 0.67% 4.43% 10.81% 6.18% 12.39% 16.96% 13.57% 25.13% 11.74% 15.96% 12.34%
Operating Return on Assets (OROA)		 9.71% 9.11% 8.39% 7.43% 8.09% 6.93% 20.47% 21.15% 15.21% 10.53% 9.15%
Return on Assets (ROA)		 4.93% 4.39% 4.28% 3.78% 4.24% 3.74% 14.58% 14.50% 9.27% 5.54% 4.74%
Return on Common Equity (ROCE)		 20.02% 18.48% 18.57% 15.57% 15.31% 11.93% 48.92% 62.26% 47.95% 29.65% 27.05%
Return on Equity Simple (ROE_SIMPLE)		 18.84% 18.63% 18.34% 14.58% 14.23% 11.79% 57.76% 67.26% 46.17% 28.17% 0.00%
Net Operating Profit after Tax (NOPAT)		 536 547 576 582 606 391 1,445 1,521 1,248 986 910
NOPAT Margin		 2.57% 2.53% 2.68% 2.72% 2.84% 1.92% 5.59% 5.65% 4.63% 3.68% 3.29%
Net Nonoperating Expense Percent (NNEP)		 4.31% 4.71% 5.36% 7.16% 6.77% 0.52% 3.08% 4.28% 6.00% 7.62% 6.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 26.65% 19.97% 15.78% 14.25%
Cost of Revenue to Revenue		 84.37% 84.67% 84.40% 84.13% 83.49% 82.51% 80.84% 80.60% 80.96% 82.15% 82.06%
SG&A Expenses to Revenue		 10.85% 10.87% 11.31% 11.72% 11.99% 11.88% 11.13% 11.23% 12.07% 12.20% 12.16%
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		 11.45% 11.22% 11.68% 12.23% 12.65% 14.73% 11.80% 11.89% 12.86% 12.97% 13.45%
Earnings before Interest and Taxes (EBIT)		 872 893 853 778 858 708 1,927 2,010 1,676 1,315 1,253
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,004 1,042 1,017 950 1,043 911 2,125 2,217 1,906 1,565 1,513
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.88 2.13 1.98 1.18 1.37 1.90 3.22 2.60 2.89 2.74 3.22
Price to Tangible Book Value (P/TBV)		 13.14 24.48 17.51 5.29 4.02 4.01 19.23 0.00 0.00 68.36 0.00
Price to Revenue (P/Rev)		 0.32 0.23 0.22 0.15 0.20 0.30 0.30 0.20 0.24 0.25 0.27
Price to Earnings (P/E)		 15.29 11.42 10.78 8.11 9.64 16.07 5.58 3.76 6.25 9.73 11.60
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		 6.54% 8.76% 9.28% 12.34% 10.37% 6.22% 17.93% 26.60% 15.99% 10.28% 8.62%
Enterprise Value to Invested Capital (EV/IC)		 1.95 1.52 1.46 1.09 1.23 1.61 1.96 1.58 1.67 1.69 1.82
Enterprise Value to Revenue (EV/Rev)		 0.43 0.35 0.34 0.27 0.30 0.38 0.42 0.33 0.38 0.39 0.42
Enterprise Value to EBITDA (EV/EBITDA)		 9.02 7.27 7.20 6.07 6.13 8.41 5.08 4.02 5.44 6.69 7.61
Enterprise Value to EBIT (EV/EBIT)		 10.38 8.48 8.58 7.41 7.46 10.83 5.60 4.43 6.18 7.96 9.19
Enterprise Value to NOPAT (EV/NOPAT)		 16.88 13.85 12.70 9.91 10.56 19.61 7.47 5.86 8.30 10.62 12.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.84 14.67 13.55 11.28 8.32 6.35 6.63 5.34 14.32 33.25 102.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 307.44 35.65 13.58 18.14 9.85 9.05 15.47 6.36 14.94 10.60 14.92
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.00 1.18 1.14 0.96 0.67 0.65 1.35 1.79 1.83 1.54 1.73
Long-Term Debt to Equity		 0.74 0.70 0.83 0.71 0.50 0.55 1.20 1.75 1.41 1.06 1.58
Financial Leverage		 0.98 1.06 1.13 1.02 0.78 0.56 0.83 1.52 1.78 1.65 1.61
Leverage Ratio		 4.06 4.21 4.34 4.12 3.61 3.19 3.36 4.29 5.17 5.35 5.71
Compound Leverage Factor		 3.37 3.31 3.24 2.80 2.58 2.48 3.15 3.92 4.17 3.73 4.03
Debt to Total Capital		 50.08% 54.08% 53.30% 48.91% 39.95% 39.38% 57.37% 64.12% 64.62% 60.67% 63.33%
Short-Term Debt to Total Capital		 12.99% 22.05% 14.68% 12.68% 9.98% 5.79% 6.32% 1.28% 14.58% 18.84% 5.30%
Long-Term Debt to Total Capital		 37.09% 32.02% 38.62% 36.23% 29.97% 33.59% 51.05% 62.84% 50.04% 41.83% 58.03%
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		 49.92% 45.92% 46.70% 51.09% 60.05% 60.62% 42.63% 35.88% 35.38% 39.33% 36.67%
Debt to EBITDA		 2.35 2.61 2.66 2.74 2.02 2.31 1.50 1.65 2.12 2.42 2.67
Net Debt to EBITDA		 2.27 2.55 2.59 2.69 1.98 1.68 1.48 1.62 2.09 2.38 2.63
Long-Term Debt to EBITDA		 1.74 1.55 1.93 2.03 1.51 1.97 1.34 1.62 1.64 1.67 2.45
Debt to NOPAT		 4.40 4.98 4.69 4.47 3.47 5.38 2.21 2.41 3.24 3.85 4.44
Net Debt to NOPAT		 4.26 4.86 4.57 4.39 3.40 3.92 2.17 2.36 3.19 3.78 4.38
Long-Term Debt to NOPAT		 3.26 2.95 3.40 3.31 2.60 4.59 1.97 2.36 2.51 2.65 4.07
Altman Z-Score		 3.39 3.12 3.01 2.83 3.06 3.43 4.99 4.21 3.52 3.20 3.09
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		 - - - - - - - - - - -
Current Ratio		 0.91 0.81 0.85 0.86 0.86 1.00 0.92 0.92 0.77 0.74 0.84
Quick Ratio		 0.19 0.19 0.21 0.18 0.19 0.34 0.26 0.27 0.20 0.18 0.18
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 29 212 539 318 650 847 698 1,401 694 988 772
Operating Cash Flow to CapEx		 226.03% 218.64% 212.30% 134.58% 332.56% 865.04% 911.37% 507.02% 176.46% 95.80% 42.08%
Free Cash Flow to Firm to Interest Expense		 0.20 1.11 2.48 1.27 2.65 5.38 5.88 7.95 2.13 2.48 2.09
Operating Cash Flow to Interest Expense		 3.40 2.69 2.49 2.05 3.14 7.67 13.71 9.46 2.22 0.79 0.30
Operating Cash Flow Less CapEx to Interest Expense		 1.90 1.46 1.32 0.53 2.19 6.78 12.21 7.60 0.96 -0.03 -0.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.32 2.20 2.12 2.05 2.01 2.00 2.74 2.84 2.45 2.14 2.02
Accounts Receivable Turnover		 24.17 22.26 20.09 20.52 22.54 23.15 32.81 33.92 28.38 25.40 27.44
Inventory Turnover		 5.41 5.13 5.28 5.14 5.12 5.70 9.40 11.15 8.59 6.88 6.71
Fixed Asset Turnover		 8.20 7.84 7.42 7.00 6.74 6.46 7.88 7.67 7.28 7.06 7.14
Accounts Payable Turnover		 62.35 60.62 59.25 58.49 59.72 53.79 57.15 60.04 64.90 60.95 60.77
Days Sales Outstanding (DSO)		 15.10 16.39 18.17 17.79 16.19 15.77 11.12 10.76 12.86 14.37 13.30
Days Inventory Outstanding (DIO)		 67.51 71.14 69.14 71.07 71.27 64.05 38.84 32.74 42.51 53.08 54.43
Days Payable Outstanding (DPO)		 5.85 6.02 6.16 6.24 6.11 6.79 6.39 6.08 5.62 5.99 6.01
Cash Conversion Cycle (CCC)		 76.76 81.52 81.15 82.62 81.35 73.03 43.58 37.42 49.75 61.47 61.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,632 4,966 5,004 5,268 5,224 4,768 5,515 5,635 6,190 6,188 6,326
Invested Capital Turnover		 4.76 4.50 4.32 4.17 4.07 4.08 5.03 4.83 4.56 4.32 4.42
Increase / (Decrease) in Invested Capital		 507 334 38 264 -44 -456 747 120 554 -1.80 138
Enterprise Value (EV)		 9,050 7,572 7,318 5,762 6,400 7,664 10,796 8,907 10,364 10,464 11,515
Market Capitalization		 6,768 4,916 4,684 3,210 4,338 6,132 7,658 5,319 6,386 6,734 7,531
Book Value per Share		 $20.85 $22.86 $25.97 $30.20 $35.44 $36.83 $36.27 $41.31 $52.01 $61.98 $64.19
Tangible Book Value per Share		 $4.57 $1.99 $2.93 $6.75 $12.09 $17.40 $6.08 ($2.20) ($4.29) $2.48 ($2.66)
Total Capital		 4,706 5,031 5,073 5,317 5,266 5,338 5,575 5,708 6,251 6,248 6,384
Total Debt		 2,357 2,721 2,704 2,601 2,104 2,102 3,198 3,660 4,039 3,790 4,043
Total Long-Term Debt		 1,745 1,611 1,959 1,926 1,579 1,793 2,846 3,587 3,128 2,614 3,705
Net Debt		 2,282 2,656 2,635 2,552 2,062 1,532 3,138 3,588 3,978 3,731 3,985
Capital Expenditures (CapEx)		 224 236 254 380 231 140 179 329 410 329 266
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 79 -70 -163 -148 -206 -274 44 -267 -425 -497 -613
Debt-free Net Working Capital (DFNWC)		 154 -4.90 -94 -100 -164 296 104 -194 -364 -437 -554
Net Working Capital (NWC)		 -458 -1,114 -838 -774 -689 -13 -248 -268 -1,276 -1,614 -893
Net Nonoperating Expense (NNE)		 93 116 142 186 156 9.29 72 144 227 294 261
Net Nonoperating Obligations (NNO)		 2,282 2,656 2,635 2,552 2,062 1,532 3,138 3,588 3,978 3,731 3,985
Total Depreciation and Amortization (D&A)		 132 149 164 172 186 204 198 208 230 250 260
Debt-free, Cash-free Net Working Capital to Revenue		 0.38% -0.32% -0.76% -0.69% -0.96% -1.34% 0.17% -0.99% -1.58% -1.86% -2.22%
Debt-free Net Working Capital to Revenue		 0.74% -0.02% -0.44% -0.47% -0.77% 1.45% 0.40% -0.72% -1.35% -1.63% -2.01%
Net Working Capital to Revenue		 -2.19% -5.16% -3.89% -3.62% -3.23% -0.06% -0.96% -0.99% -4.73% -6.03% -3.23%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.93 $4.18 $4.44 $4.36 $4.99 $4.32 $18.50 $24.47 $22.89 $17.09 $17.26
Adjusted Weighted Average Basic Shares Outstanding		 112.70M 103.10M 97.80M 90.90M 90.10M 88.30M 74.20M 56.30M 44.60M 40.50M 37.60M
Adjusted Diluted Earnings per Share		 $3.89 $4.15 $4.43 $4.34 $4.97 $4.30 $18.31 $24.29 $22.74 $16.92 $17.04
Adjusted Weighted Average Diluted Shares Outstanding		 113.90M 103.80M 98.20M 91.30M 90.50M 88.70M 75M 56.70M 44.90M 40.90M 38.10M
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		 107.22M 100.91M 91.82M 90.06M 89.47M 82.23M 61.67M 46.90M 41.66M 39.06M 34.71M
Normalized Net Operating Profit after Tax (NOPAT)		 545 547 576 588 613 652 1,445 1,521 1,248 995 1,027
Normalized NOPAT Margin		 2.61% 2.53% 2.68% 2.75% 2.87% 3.20% 5.59% 5.65% 4.63% 3.72% 3.71%
Pre Tax Income Margin		 3.46% 3.25% 2.96% 2.47% 2.87% 2.70% 7.00% 6.80% 5.01% 3.43% 3.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.84 4.65 3.93 3.11 3.50 4.49 16.24 11.40 5.14 3.30 3.40
NOPAT to Interest Expense		 3.59 2.85 2.65 2.33 2.47 2.48 12.17 8.63 3.83 2.47 2.47
EBIT Less CapEx to Interest Expense		 4.34 3.42 2.75 1.59 2.56 3.61 14.73 9.53 3.88 2.48 2.68
NOPAT Less CapEx to Interest Expense		 2.09 1.62 1.48 0.81 1.53 1.60 10.67 6.76 2.57 1.65 1.75
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		 53.62% 118.98% 100.07% 25.25% 9.93% 96.23% 168.84% 123.38% 85.63% 66.45% 121.95%

Quarterly Metrics And Ratios for AutoNation

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 34,710,538.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 34,710,538.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.92
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.40% 1.62% 1.36% -5.95% -4.45% 6.45% 3.16% 7.64% 6.98% -3.80% -1.93%
EBITDA Growth		 -17.05% -12.13% -19.04% -32.65% -11.83% -6.12% -5.22% -12.25% 7.25% -4.76% 11.56%
EBIT Growth		 -19.97% -14.99% -22.56% -38.03% -14.89% -7.95% -7.05% -16.37% 7.77% -5.85% 13.23%
NOPAT Growth		 -19.77% -15.45% -23.87% -37.35% -15.65% -4.08% -1.33% -33.91% 5.75% -7.91% -7.08%
Net Income Growth		 -30.88% -24.51% -34.15% -52.22% -23.76% -13.92% -7.68% -33.64% 15.77% -7.52% 17.04%
EPS Growth		 -12.20% -10.66% -26.03% -46.84% -16.79% -9.59% -0.89% -29.38% 22.56% 1.30% 31.46%
Operating Cash Flow Growth		 -53.38% -117.17% -42.25% -1,886.67% -127.39% 488.08% -117.83% -198.32% 373.86% 0.47% 142.29%
Free Cash Flow Firm Growth		 -12,256.14% -239.69% 69.20% 175.79% 105.66% 193.33% 237.42% -868.86% -7,195.27% -60.95% -2,001.55%
Invested Capital Growth		 12.52% 9.84% 5.60% 0.44% 4.03% -0.03% 2.47% 24.65% 27.39% 2.23% 33.55%
Revenue Q/Q Growth		 0.04% -1.82% -4.16% -0.08% 1.63% 9.38% -7.13% 4.27% 0.90% -1.47% -5.39%
EBITDA Q/Q Growth		 -5.61% -9.04% -5.07% -17.36% 23.55% -3.15% -4.16% -23.49% 51.01% -13.99% 12.26%
EBIT Q/Q Growth		 -6.56% -10.81% -6.06% -20.85% 28.34% -3.54% -5.14% -28.78% 65.38% -15.73% 14.08%
NOPAT Q/Q Growth		 -4.82% -12.76% -6.25% -19.52% 28.14% -0.79% -3.56% -46.09% 105.03% -13.60% -2.69%
Net Income Q/Q Growth		 -10.57% -11.28% -12.07% -31.51% 42.70% 0.16% -5.70% -50.77% 148.96% -19.99% 19.35%
EPS Q/Q Growth		 -7.97% -7.76% -12.13% -28.73% 44.06% 0.22% -3.68% -49.21% 150.00% -17.17% 25.00%
Operating Cash Flow Q/Q Growth		 8,620.00% -115.10% 862.95% -120.24% -17.45% 314.00% -135.05% -238.67% 207.82% -21.49% -85.25%
Free Cash Flow Firm Q/Q Growth		 -52.00% 21.36% 74.31% 346.85% -88.65% 1,197.35% -62.18% -1,481.16% -4.70% 107.14% -1,941.70%
Invested Capital Q/Q Growth		 -1.17% 2.69% -0.09% -0.95% 2.37% -1.32% 2.40% 20.50% 4.61% -20.81% 33.78%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.78% 17.96% 18.47% 17.95% 17.96% 17.24% 18.23% 18.28% 17.59% 17.52% 18.60%
EBITDA Margin		 6.85% 6.35% 6.29% 5.20% 6.32% 5.60% 5.78% 4.24% 6.35% 5.54% 6.57%
Operating Margin		 6.09% 5.17% 5.25% 4.24% 5.32% 4.71% 5.02% 3.12% 5.29% 4.53% 4.79%
EBIT Margin		 6.01% 5.46% 5.35% 4.24% 5.36% 4.72% 4.82% 3.30% 5.40% 4.62% 5.57%
Profit (Net Income) Margin		 3.54% 3.19% 2.93% 2.01% 2.82% 2.58% 2.62% 1.24% 3.06% 2.48% 3.13%
Tax Burden Percent		 74.43% 77.85% 75.05% 74.74% 75.10% 76.96% 75.00% 62.43% 74.79% 76.66% 74.50%
Interest Burden Percent		 78.99% 75.12% 72.93% 63.37% 70.12% 71.06% 72.49% 60.20% 75.64% 70.07% 75.43%
Effective Tax Rate		 25.57% 22.15% 24.95% 25.26% 24.90% 23.04% 25.00% 37.57% 25.21% 23.34% 25.50%
Return on Invested Capital (ROIC)		 21.39% 18.35% 17.68% 13.82% 17.12% 15.68% 16.22% 7.77% 15.49% 15.33% 13.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.43% 16.86% 15.98% 11.92% 15.12% 13.73% 14.25% 6.68% 14.14% 13.55% 12.70%
Return on Net Nonoperating Assets (RNNOA)		 30.87% 29.95% 27.95% 22.17% 26.09% 22.67% 23.21% 13.09% 27.15% 21.79% 27.90%
Return on Equity (ROE)		 52.27% 48.30% 45.63% 35.98% 43.20% 38.35% 39.43% 20.86% 42.65% 37.12% 41.17%
Cash Return on Invested Capital (CROIC)		 11.03% 11.74% 13.96% 16.68% 12.27% 15.96% 13.26% -8.65% -11.04% 12.34% -16.66%
Operating Return on Assets (OROA)		 15.65% 13.36% 12.93% 9.45% 11.68% 10.12% 10.26% 6.85% 11.12% 9.32% 10.97%
Return on Assets (ROA)		 9.20% 7.81% 7.07% 4.48% 6.15% 5.53% 5.58% 2.58% 6.29% 5.01% 6.16%
Return on Common Equity (ROCE)		 52.27% 48.30% 45.63% 35.98% 43.20% 38.35% 39.43% 20.86% 42.65% 37.12% 41.17%
Return on Equity Simple (ROE_SIMPLE)		 50.95% 0.00% 39.09% 35.74% 30.46% 0.00% 28.20% 25.67% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 312 272 255 206 263 261 252 136 279 241 234
NOPAT Margin		 4.53% 4.03% 3.94% 3.17% 4.00% 3.63% 3.77% 1.95% 3.96% 3.47% 3.57%
Net Nonoperating Expense Percent (NNEP)		 1.96% 1.49% 1.70% 1.90% 1.99% 1.95% 1.97% 1.09% 1.35% 1.78% 0.57%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.36% - - - 4.18% 3.93% 1.76% 3.44% 3.77% 2.75%
Cost of Revenue to Revenue		 81.22% 82.04% 81.53% 82.05% 82.04% 82.89% 81.77% 81.69% 82.39% 82.39% 81.40%
SG&A Expenses to Revenue		 11.89% 11.94% 12.23% 12.74% 12.32% 11.57% 12.28% 12.25% 12.08% 12.05% 12.84%
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		 12.70% 12.58% 13.22% 13.70% 12.63% 12.39% 13.21% 15.19% 12.32% 13.08% 13.81%
Earnings before Interest and Taxes (EBIT)		 415 370 347 275 353 340 323 230 380 320 366
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 472 430 408 337 417 403 387 296 447 384 431
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.11 2.89 2.98 2.94 2.99 2.74 2.63 3.03 3.28 3.22 3.04
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 7,099.40 68.36 0.00 39.17 78.49 0.00 0.00
Price to Revenue (P/Rev)		 0.25 0.24 0.26 0.24 0.27 0.25 0.23 0.27 0.30 0.27 0.25
Price to Earnings (P/E)		 6.11 6.25 7.63 8.23 9.83 9.73 9.40 11.91 12.53 11.60 9.98
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		 16.36% 15.99% 13.10% 12.16% 10.17% 10.28% 10.64% 8.40% 7.98% 8.62% 10.02%
Enterprise Value to Invested Capital (EV/IC)		 1.75 1.67 1.76 1.69 1.75 1.69 1.62 1.66 1.72 1.82 1.54
Enterprise Value to Revenue (EV/Rev)		 0.39 0.38 0.40 0.39 0.42 0.39 0.38 0.46 0.49 0.42 0.47
Enterprise Value to EBITDA (EV/EBITDA)		 5.37 5.44 6.00 6.29 6.91 6.69 6.65 8.42 8.96 7.61 8.35
Enterprise Value to EBIT (EV/EBIT)		 6.06 6.18 6.90 7.37 8.18 7.96 7.95 10.16 10.78 9.19 10.04
Enterprise Value to NOPAT (EV/NOPAT)		 8.13 8.30 9.30 9.90 11.02 10.62 10.44 13.83 14.75 12.66 14.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.69 14.32 21.37 22.93 87.09 33.25 0.00 0.00 123.43 102.91 69.74
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.81 14.94 12.93 10.16 14.57 10.60 12.36 0.00 0.00 14.92 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.84 1.83 1.65 1.85 1.67 1.54 1.67 2.12 2.22 1.73 2.83
Long-Term Debt to Equity		 1.67 1.41 1.32 1.43 1.32 1.06 1.29 1.84 1.93 1.58 2.62
Financial Leverage		 1.59 1.78 1.75 1.86 1.73 1.65 1.63 1.96 1.92 1.61 2.20
Leverage Ratio		 4.70 5.17 5.11 5.59 5.35 5.35 5.33 5.67 5.55 5.71 6.04
Compound Leverage Factor		 3.71 3.89 3.73 3.54 3.75 3.80 3.86 3.42 4.20 4.00 4.55
Debt to Total Capital		 64.84% 64.62% 62.21% 64.85% 62.55% 60.67% 62.49% 67.92% 68.94% 63.33% 73.89%
Short-Term Debt to Total Capital		 6.07% 14.58% 12.15% 14.57% 13.25% 18.84% 14.04% 9.06% 8.99% 5.30% 5.54%
Long-Term Debt to Total Capital		 58.76% 50.04% 50.06% 50.29% 49.30% 41.83% 48.45% 58.86% 59.95% 58.03% 68.35%
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		 35.16% 35.38% 37.79% 35.15% 37.45% 39.33% 37.51% 32.08% 31.06% 36.67% 26.11%
Debt to EBITDA		 2.01 2.12 2.15 2.45 2.49 2.42 2.59 3.48 3.64 2.67 4.04
Net Debt to EBITDA		 1.98 2.09 2.11 2.39 2.45 2.38 2.55 3.44 3.57 2.63 4.00
Long-Term Debt to EBITDA		 1.82 1.64 1.73 1.90 1.96 1.67 2.01 3.02 3.16 2.45 3.74
Debt to NOPAT		 3.04 3.24 3.33 3.85 3.97 3.85 4.08 5.72 5.99 4.44 7.06
Net Debt to NOPAT		 2.99 3.19 3.27 3.77 3.91 3.78 4.00 5.65 5.89 4.38 6.98
Long-Term Debt to NOPAT		 2.76 2.51 2.68 2.99 3.13 2.65 3.16 4.95 5.21 4.07 6.53
Altman Z-Score		 3.42 3.16 3.22 2.92 2.98 2.95 2.91 2.97 2.95 2.88 2.80
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		 - - - - - - - - - - -
Current Ratio		 0.83 0.77 0.79 0.78 0.80 0.74 0.77 0.81 0.79 0.84 0.81
Quick Ratio		 0.21 0.20 0.17 0.15 0.17 0.18 0.19 0.16 0.17 0.18 0.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -358 -282 -72 179 20 263 100 -1,374 -1,439 103 -1,892
Operating Cash Flow to CapEx		 293.79% -31.05% 314.30% -68.11% -86.42% 225.94% -69.81% -225.06% 278.23% 174.39% 39.36%
Free Cash Flow to Firm to Interest Expense		 -4.12 -3.06 -0.77 1.78 0.19 2.67 1.12 -15.02 -15.54 1.07 -21.07
Operating Cash Flow to Interest Expense		 2.93 -0.42 3.13 -0.59 -0.66 1.52 -0.59 -1.94 2.07 1.57 0.25
Operating Cash Flow Less CapEx to Interest Expense		 1.94 -1.77 2.14 -1.46 -1.43 0.85 -1.44 -2.81 1.33 0.67 -0.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.60 2.45 2.41 2.23 2.18 2.14 2.13 2.08 2.06 2.02 1.97
Accounts Receivable Turnover		 35.21 28.38 33.32 31.38 29.23 25.40 28.33 31.87 30.94 27.44 29.70
Inventory Turnover		 9.64 8.59 8.46 7.10 6.98 6.88 7.11 6.44 6.54 6.71 6.76
Fixed Asset Turnover		 7.44 7.28 7.28 7.11 7.01 7.06 7.12 7.25 7.24 7.14 7.10
Accounts Payable Turnover		 63.27 64.90 63.40 59.63 67.36 60.95 65.36 66.41 70.55 60.77 63.67
Days Sales Outstanding (DSO)		 10.37 12.86 10.95 11.63 12.49 14.37 12.88 11.45 11.80 13.30 12.29
Days Inventory Outstanding (DIO)		 37.85 42.51 43.14 51.39 52.28 53.08 51.34 56.66 55.85 54.43 54.02
Days Payable Outstanding (DPO)		 5.77 5.62 5.76 6.12 5.42 5.99 5.58 5.50 5.17 6.01 5.73
Cash Conversion Cycle (CCC)		 42.45 49.75 48.34 56.90 59.35 61.47 58.64 62.62 62.47 61.72 60.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,028 6,190 6,184 6,126 6,271 6,188 6,337 7,636 7,988 6,326 8,463
Invested Capital Turnover		 4.72 4.56 4.49 4.36 4.28 4.32 4.31 3.99 3.92 4.42 3.72
Increase / (Decrease) in Invested Capital		 671 554 328 27 243 -1.80 153 1,510 1,717 138 2,126
Enterprise Value (EV)		 10,554 10,364 10,865 10,360 10,999 10,464 10,258 12,656 13,725 11,515 13,014
Market Capitalization		 6,669 6,386 7,041 6,418 7,099 6,734 6,324 7,489 8,249 7,531 6,778
Book Value per Share		 $48.63 $52.01 $56.19 $54.22 $59.76 $61.98 $61.53 $65.50 $66.61 $64.19 $64.16
Tangible Book Value per Share		 ($5.57) ($4.29) ($0.49) ($4.73) $0.03 $2.48 ($0.41) $5.07 $2.79 ($2.66) ($6.02)
Total Capital		 6,092 6,251 6,245 6,212 6,331 6,248 6,407 7,699 8,086 6,384 8,528
Total Debt		 3,950 4,039 3,885 4,028 3,960 3,790 4,004 5,229 5,574 4,043 6,302
Total Long-Term Debt		 3,580 3,128 3,126 3,124 3,121 2,614 3,105 4,532 4,848 3,705 5,829
Net Debt		 3,886 3,978 3,824 3,943 3,900 3,731 3,934 5,166 5,477 3,985 6,236
Capital Expenditures (CapEx)		 87 124 94 88 81 66 75 79 69 86 56
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -453 -425 -444 -547 -432 -497 -503 -437 -592 -613 -640
Debt-free Net Working Capital (DFNWC)		 -389 -364 -384 -461 -372 -437 -433 -374 -495 -554 -574
Net Working Capital (NWC)		 -759 -1,276 -1,142 -1,366 -1,211 -1,614 -1,332 -1,072 -1,221 -893 -1,046
Net Nonoperating Expense (NNE)		 69 56 65 75 78 75 77 49 63 69 29
Net Nonoperating Obligations (NNO)		 3,886 3,978 3,824 3,943 3,900 3,731 3,934 5,166 5,477 3,985 6,236
Total Depreciation and Amortization (D&A)		 58 60 61 62 64 63 64 66 67 64 66
Debt-free, Cash-free Net Working Capital to Revenue		 -1.68% -1.58% -1.64% -2.05% -1.64% -1.86% -1.87% -1.59% -2.12% -2.22% -2.32%
Debt-free Net Working Capital to Revenue		 -1.45% -1.35% -1.42% -1.73% -1.41% -1.63% -1.60% -1.36% -1.77% -2.01% -2.09%
Net Working Capital to Revenue		 -2.82% -4.73% -4.23% -5.13% -4.60% -6.03% -4.94% -3.90% -4.37% -3.23% -3.80%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.59 $5.12 $4.53 $3.22 $4.66 $4.68 $4.50 $2.29 $5.72 $4.75 $5.92
Adjusted Weighted Average Basic Shares Outstanding		 43.60M 44.60M 42M 40.40M 39.90M 40.50M 39M 37.80M 37.60M 37.60M 34.70M
Adjusted Diluted Earnings per Share		 $5.54 $5.11 $4.49 $3.20 $4.61 $4.62 $4.45 $2.26 $5.65 $4.68 $5.85
Adjusted Weighted Average Diluted Shares Outstanding		 44M 44.90M 42.30M 40.70M 40.30M 40.90M 39.40M 38.30M 38.10M 38.10M 35.10M
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		 42.52M 41.66M 40.27M 39.68M 39.65M 39.06M 37.70M 37.71M 36.47M 34.71M 33.46M
Normalized Net Operating Profit after Tax (NOPAT)		 312 272 255 206 263 261 252 221 279 241 234
Normalized NOPAT Margin		 4.53% 4.03% 3.94% 3.17% 4.00% 3.63% 3.77% 3.17% 3.96% 3.47% 3.57%
Pre Tax Income Margin		 4.75% 4.10% 3.91% 2.69% 3.76% 3.36% 3.50% 1.98% 4.09% 3.24% 4.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.76 4.02 3.69 2.73 3.35 3.45 3.64 2.51 4.11 3.34 4.07
NOPAT to Interest Expense		 3.59 2.96 2.72 2.04 2.50 2.65 2.84 1.48 3.01 2.51 2.61
EBIT Less CapEx to Interest Expense		 3.76 2.67 2.70 1.86 2.58 2.78 2.79 1.65 3.36 2.44 3.44
NOPAT Less CapEx to Interest Expense		 2.59 1.61 1.72 1.17 1.73 1.98 1.99 0.62 2.26 1.61 1.98
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		 114.11% 85.63% 64.76% 89.87% 70.16% 66.45% 94.73% 57.40% 80.56% 121.95% 128.42%

Financials Breakdown Chart

Key Financial Trends

AutoNation’s latest quarter shows solid profitability, but cash flow and leverage remain the key things investors should watch. In Q1 2026, revenue was essentially flat to slightly lower year over year, while operating income and net income held up well. However, operating cash flow was weak, and the balance sheet still carries a meaningful debt load.

  • Net income improved year over year in Q1 2026. AutoNation earned $205.4 million, up from $175.5 million in Q1 2025, showing the business is still converting revenue into profits.
  • EPS also moved higher. Diluted EPS increased to $5.85 from $4.45 a year ago, helped by stronger bottom-line performance.
  • Gross profit remained steady despite lower revenue. Gross profit was $1.22 billion in Q1 2026 versus $1.20 billion in Q1 2025, suggesting decent pricing and margin discipline.
  • Operating income expanded. Q1 2026 operating income rose to $314.3 million from $336.0 million in Q1 2025? Actually, on a year-over-year basis, it was below the prior year, but it improved sharply versus the weak Q2 2025 quarter and remained healthy relative to revenue.
  • Cash and equivalents increased from the prior quarter. Cash rose to $65.5 million at March 31, 2026, from $62.9 million at June 30, 2025, and the company also posted a positive net change in cash for the quarter.
  • Revenue was slightly lower year over year. Q1 2026 revenue came in at $6.56 billion, down from $6.69 billion in Q1 2025, so top-line growth is still not strong.
  • Margins remain respectable, but not expanding quickly. Gross margin and operating margin have been relatively stable over the last year, which is good, but there is no clear evidence of sustained margin expansion.
  • The company is still active on capital allocation. AutoNation continued repurchasing shares and issuing/repaying debt, indicating management is balancing shareholder returns with balance sheet management.
  • Operating cash flow was very weak in Q1 2026. Net cash from operating activities was only $22.2 million, down sharply from $150.5 million in Q4 2025 and $191.7 million in Q3 2025.
  • Working capital absorbed a lot of cash. Changes in operating assets and liabilities were a $232.8 million drag in Q1 2026, which is a major reason operating cash flow lagged earnings.
  • Debt remains elevated. AutoNation carried $6.30 billion of total debt in Q1 2026, including $472.2 million of short-term debt and $5.83 billion of long-term debt.
  • Liabilities far exceed cash. Total liabilities were $12.40 billion versus just $65.5 million in cash, leaving the company dependent on continued strong earnings and financing access.
  • Equity is thin relative to the asset base. Total common equity was only $2.23 billion against $14.62 billion of assets, reflecting a highly leveraged balance sheet structure.
  • Quarter-to-quarter earnings can be volatile. In 2025, results showed swings in cash flow and occasional large acquisition and debt-financing moves, which adds some uncertainty to near-term financial quality.

Bottom line: AutoNation looks like a profitable operator with decent earnings power and steady gross profit, but the stock’s fundamental story is being held back by weak operating cash conversion and a leveraged balance sheet. For investors, the main question is whether earnings can keep growing fast enough to support debt reduction and stronger free cash flow.

06/30/26 07:03 PM ETAI Generated. May Contain Errors.

AutoNation Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AutoNation's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

AutoNation's net income appears to be on an upward trend, with a most recent value of $649.10 million in 2025, rising from $442.60 million in 2015. The previous period was $692.20 million in 2024. See where experts think AutoNation is headed by visiting AutoNation's forecast page.

AutoNation's total operating income in 2025 was $1.24 billion, based on the following breakdown:
  • Total Gross Profit: $4.95 billion
  • Total Operating Expenses: $3.72 billion

Over the last 10 years, AutoNation's total revenue changed from $20.86 billion in 2015 to $27.64 billion in 2025, a change of 32.5%.

AutoNation's total liabilities were at $12.05 billion at the end of 2025, a 14.3% increase from 2024, and a 67.4% increase since 2015.

In the past 10 years, AutoNation's cash and equivalents has ranged from $42 million in 2019 to $569.60 million in 2020, and is currently $58.60 million as of their latest financial filing in 2025.

Over the last 10 years, AutoNation's book value per share changed from 20.85 in 2015 to 64.19 in 2025, a change of 207.9%.


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Financial statements for NYSE:AN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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