What is Cars.com's operating income?

Cars.com's total operating income in 2025 was $60.25 million, based on the following breakdown: Total Gross Profit: $723.24 million Total Operating Expenses: $662.99 million

Cars.com (CARS) Financials

$11.13 +0.04 (+0.35%)

Closing price 07/13/2026 03:59 PM Eastern

Extended Trading

$11.12 -0.01 (-0.08%)

As of 07/13/2026 06:18 PM Eastern

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Annual Income Statements for Cars.com

This table shows Cars.com'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	158	176	224	39	-445	-789	11	17	118	48	20
Consolidated Net Income / (Loss)	158	176	224	39	-445	-789	11	17	118	48	20
Net Income / (Loss) Continuing Operations	158	176	224	39	-445	-789	11	17	118	48	20
Total Pre-Tax Income	158	177	122	57	-475	-936	9.48	23	18	62	34
Total Operating Income	158	177	134	84	-446	-887	48	66	54	53	60
Total Gross Profit	543	568	617	647	586	537	624	654	689	719	723
Total Revenue	590	625	617	647	586	537	624	654	689	719	723
Operating Revenue	590	625	617	647	586	537	624	654	689	719	723
Total Cost of Revenue	46	57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	386	391	483	563	1,032	1,424	575	588	635	666	663
Selling, General & Admin Expense	23	24	45	73	74	59	74	68	73	84	91
Marketing Expense	212	211	210	227	217	183	208	222	237	232	239
Research & Development Expense	70	73	-	69	63	61	77	89	102	118	117
Depreciation Expense	81	83	89	104	117	113	102	94	101	107	92
Other Operating Expenses / (Income)	-	-	140	90	100	102	114	115	122	124	123
Total Other Income / (Expense), net	0.11	0.31	-12	-27	-29	-49	-39	-43	-36	8.37	-26
Interest Expense	-0.00	-0.09	12	28	31	38	39	35	32	32	30
Other Income / (Expense), net	0.10	0.21	0.28	0.72	1.56	-11	-0.13	-8.14	-3.59	41	4.44
Income Tax Expense	-	0.59	-102	18	-30	-147	-1.31	5.37	-100	14	14
Basic Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($11.74)	$0.16	$0.25	$1.77	$0.73	$0.32
Weighted Average Basic Shares Outstanding	71.59M	71.59M	71.66M	70.32M	67.00M	67.24M	68.73M	68.22M	66.74M	66.01M	62.39M
Diluted Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($11.74)	$0.15	$0.25	$1.74	$0.72	$0.32
Weighted Average Diluted Shares Outstanding	71.59M	71.59M	71.73M	70.55M	67.00M	67.24M	71.34M	69.65M	68.23M	67.39M	63.26M
Weighted Average Basic & Diluted Shares Outstanding	-	71.70M	71.70M	70.60M	66.81M	67.41M	69.17M	66.15M	65.71M	63.85M	58.64M

This table shows Cars.com'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	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40	4.98
Consolidated Net Income / (Loss)	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40	4.98
Net Income / (Loss) Continuing Operations	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40	4.98
Total Pre-Tax Income	2.64	1.89	0.82	16	25	20	-1.23	9.97	11	15	8.72
Total Operating Income	14	15	13	9.52	11	20	6.46	15	17	22	17
Total Gross Profit	174	180	180	179	180	180	179	179	182	184	180
Total Revenue	174	180	180	179	180	180	179	179	182	184	180
Operating Revenue	174	180	180	179	180	180	179	179	182	184	180
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	160	165	167	169	168	161	173	163	165	162	164
Selling, General & Admin Expense	18	23	23	23	22	21	21	22	24	19	22
Marketing Expense	60	59	59	60	58	54	63	58	59	62	62
Research & Development Expense	25	25	28	28	29	29	31	29	28	33	31
Depreciation Expense	26	27	27	28	28	25	27	25	23	16	17
Other Operating Expenses / (Income)	31	31	30	31	32	32	31	31	30	32	32
Total Other Income / (Expense), net	-12	-13	-12	6.88	13	0.33	-7.69	-5.28	-6.10	-6.87	-7.92
Interest Expense	7.78	8.25	8.32	8.11	8.03	7.74	7.67	7.64	7.63	7.44	7.23
Other Income / (Expense), net	-3.90	-4.79	-3.60	15	21	8.06	-0.03	2.37	1.53	0.57	-0.69
Income Tax Expense	-1.85	-6.46	0.04	5.02	5.82	2.80	0.78	2.96	3.04	7.47	3.74
Basic Earnings per Share	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27	($0.03)	$0.11	$0.12	$0.12	$0.08
Weighted Average Basic Shares Outstanding	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M	64.47M	63.16M	61.71M	62.39M	58.93M
Diluted Earnings per Share	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26	($0.03)	$0.11	$0.12	$0.12	$0.08
Weighted Average Diluted Shares Outstanding	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M	64.47M	63.84M	63.07M	63.26M	59.59M
Weighted Average Basic & Diluted Shares Outstanding	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M	62.89M	61.45M	59.81M	58.64M	55.90M

This table details how cash moves in and out of Cars.com'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	-0.09	8.80	12	4.90	-4.66	54	-29	-7.35	7.48	11	5.56
Net Cash From Operating Activities	190	199	186	164	101	139	138	129	137	153	152
Net Cash From Continuing Operating Activities	190	199	186	164	109	139	138	129	137	153	152
Net Income / (Loss) Continuing Operations	158	176	224	39	-445	-789	11	17	118	48	20
Consolidated Net Income / (Loss)	158	176	224	39	-445	-789	11	17	118	48	20
Depreciation Expense	8.16	8.28	11	13	18	19	16	16	22	27	29
Amortization Expense	47	50	53	67	81	108	95	79	82	83	65
Non-Cash Adjustments To Reconcile Net Income	2.22	3.03	-88	31	429	800	22	24	29	27	31
Changes in Operating Assets and Liabilities, net	-26	-38	-15	14	25	0.23	-5.35	-8.50	-115	-32	6.63
Net Cash From Investing Activities	-1.15	-127	-33	-171	-22	-17	-39	-84	-97	-25	-49
Net Cash From Continuing Investing Activities	-1.15	-127	-33	-171	-22	-17	-39	-84	-97	-25	-49
Purchase of Property, Plant & Equipment	-9.11	-9.70	-33	-14	-21	-17	-19	-20	-21	-24	-26
Acquisitions	-	-115	0.00	-157	0.00	0.00	-20	-65	-76	-0.22	-25
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	0.00	0.00	9.48
Other Investing Activities, net	-	-	0.00	0.01	-0.60	-	-	-	0.00	0.00	-8.21
Net Cash From Financing Activities	-189	-64	-141	13	-92	-68	-127	-51	-32	-116	-97
Net Cash From Continuing Financing Activities	-189	-64	-141	13	-92	-68	-127	-51	-32	-116	-97
Repayment of Debt	-	-	-97	-85	-61	-633	-120	-41	-36	-32	-15
Repurchase of Common Equity	-	-	0.00	-97	-40	0.00	0.00	-49	-31	-49	-87
Issuance of Debt	-	-	675	195	10	565	0.00	45	45	0.00	10
Other Financing Activities, net	-189	-64	-69	0.38	-0.29	0.24	-7.19	-6.26	-9.21	-35	-4.72
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	0.00	-0.44	-0.49	-0.06
Cash Interest Paid	-	-	12	27	30	26	38	33	30	33	30
Cash Income Taxes Paid	-	-	12	0.01	1.74	0.81	-7.99	0.55	18	6.49	2.57

This table details how cash moves in and out of Cars.com'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	20	-9.89	-7.84	-2.29	21	1.10	-19	-3.73	27	1.16	8.36
Net Cash From Operating Activities	35	45	33	35	54	30	29	26	59	37	40
Net Cash From Continuing Operating Activities	35	45	33	35	54	30	29	26	59	37	40
Net Income / (Loss) Continuing Operations	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40	4.98
Consolidated Net Income / (Loss)	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40	4.98
Depreciation Expense	5.97	5.96	6.36	6.36	6.58	7.37	9.66	7.42	6.00	5.94	6.18
Amortization Expense	20	21	22	22	21	18	18	18	18	11	11
Non-Cash Adjustments To Reconcile Net Income	8.21	6.36	8.82	9.95	8.51	-0.50	8.68	4.82	9.00	8.71	9.81
Changes in Operating Assets and Liabilities, net	-3.73	3.08	-4.24	-14	-1.48	-12	-4.73	-11	18	4.06	7.83
Net Cash From Investing Activities	-5.01	-81	-6.01	-6.48	-6.54	-5.56	-21	-8.39	-6.20	-14	-6.26
Net Cash From Continuing Investing Activities	-5.01	-81	-6.01	-6.48	-6.54	-5.56	-21	-8.39	-6.20	-14	-6.26
Purchase of Property, Plant & Equipment	-5.01	-5.31	-6.01	-6.26	-6.54	-5.57	-5.80	-8.04	-6.20	-5.87	-6.26
Acquisitions	-	-76	0.00	-0.22	-	0.00	-24	-0.35	-	-	0.00
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	9.48	-	-	-	0.00
Net Cash From Financing Activities	-9.91	27	-35	-31	-27	-23	-27	-22	-25	-22	-25
Net Cash From Continuing Financing Activities	-9.91	27	-35	-31	-27	-23	-27	-22	-25	-22	-25
Repayment of Debt	-3.75	-10	-10	-6.87	-5.00	-10	-10	-	-5.00	-	0.00
Repurchase of Common Equity	-6.16	-7.98	-9.10	-5.27	-21	-13	-22	-23	-20	-23	-20
Issuance of Debt	-	-	0.00	-	-	-	10	-	-	-	0.00
Other Financing Activities, net	-	-0.14	-16	-19	-0.51	0.59	-5.85	1.15	-0.53	0.51	-4.54
Effect of Exchange Rate Changes	-	-0.44	-0.09	-0.05	0.08	-0.44	-0.57	0.39	-0.05	0.18	-0.19
Cash Interest Paid	1.27	14	2.57	14	1.56	14	1.16	14	1.99	13	0.98
Cash Income Taxes Paid	4.83	0.53	1.17	3.47	0.87	0.98	1.32	0.77	0.14	0.35	-3.50

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112	1,062
Total Current Assets	120	143	154	122	178	147	149	178	214	212
Cash & Equivalents	8.90	21	25	14	68	39	32	39	51	56
Accounts Receivable	98	101	109	102	94	99	108	125	134	132
Prepaid Expenses	11	11	9.26	6.53	6.49	7.81	8.38	13	14	15
Other Current Assets	0.94	9.81	10	0.60	10	1.67	0.61	1.31	16	7.92
Plant, Property, & Equipment, net	20	40	41	44	41	43	45	44	41	35
Total Noncurrent Assets	2,407	2,329	2,405	1,862	856	796	831	950	857	816
Long-Term Investments	12	11	10	26	21	-	21	21	27	33
Goodwill	788	788	884	506	0.00	26	103	147	143	167
Intangible Assets	1,607	1,530	1,510	1,329	835	769	707	669	586	527
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.05	113	101	89
Total Liabilities & Shareholders' Equity	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112	1,062
Total Liabilities	130	832	974	887	736	609	640	680	600	590
Total Current Liabilities	72	90	111	99	90	94	106	146	117	113
Short-Term Debt	-	21	27	31	7.76	8.94	14	23	-	0.00
Accounts Payable	7.84	6.58	12	12	17	15	18	22	33	28
Accrued Expenses	-	23	37	38	48	46	54	69	47	48
Current Employee Benefit Liabilities	21	14	17	17	18	24	19	32	36	38
Total Noncurrent Liabilities	58	742	863	788	645	515	534	535	483	477
Long-Term Debt	-	557	665	611	576	457	458	460	455	452
Noncurrent Deferred & Payable Income Tax Liabilities	8.33	146	178	133	31	-	1.40	8.76	6.77	6.24
Other Noncurrent Operating Liabilities	46	38	20	44	38	58	75	66	21	19
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	2,417	1,679	1,627	1,141	340	398	384	492	511	473
Total Preferred & Common Equity	2,417	1,679	1,627	1,141	340	398	384	492	511	473
Total Common Equity	2,417	1,679	1,627	1,141	340	398	384	492	511	473
Common Stock	-	1,503	1,509	1,516	1,531	1,545	1,513	1,501	1,475	1,415
Retained Earnings	-	177	118	-367	-1,184	-1,145	-1,128	-1,010	-962	-941
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-7.64	-6.80	-2.00	0.00	0.95	-1.60	-0.56
Other Equity Adjustments	2,417	-	-	0.00	0.00	-	0.00	0.00	0.00	0.00

This table presents Cars.com'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	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084	1,065	1,071	1,053
Total Current Assets	155	145	157	189	177	178	200	183	180	212	218
Cash & Equivalents	32	19	29	49	31	29	50	31	28	55	65
Accounts Receivable	107	114	111	118	126	129	125	131	133	129	135
Prepaid Expenses	11	11	10	14	12	10	16	12	11	15	14
Other Current Assets	5.09	0.41	7.36	8.43	7.64	10	9.57	8.39	7.77	13	4.22
Plant, Property, & Equipment, net	45	46	45	44	43	43	43	37	36	35	36
Total Noncurrent Assets	829	812	883	870	923	900	876	864	849	824	800
Long-Term Investments	-	21	20	20	21	23	24	27	26	26	32
Goodwill	102	103	103	103	146	145	146	165	168	167	167
Intangible Assets	726	688	669	649	647	626	605	571	555	537	516
Noncurrent Deferred & Refundable Income Taxes	-	-	91	97	109	105	101	101	100	94	85
Total Liabilities & Shareholders' Equity	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084	1,065	1,071	1,053
Total Liabilities	674	617	608	620	662	624	616	594	581	594	593
Total Current Liabilities	106	107	121	131	109	117	111	111	99	117	117
Short-Term Debt	13	15	17	18	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	19	17	20	19	26	30	32	29	31	33	29
Accrued Expenses	59	62	68	73	66	64	50	53	45	55	53
Current Employee Benefit Liabilities	16	12	16	21	18	23	30	28	23	29	34
Total Noncurrent Liabilities	567	510	488	489	552	507	505	483	483	477	476
Long-Term Debt	483	439	434	430	474	470	465	456	456	451	452
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	8.69	8.22	8.29	6.80	7.21	6.66	6.05
Other Noncurrent Operating Liabilities	85	71	53	60	70	29	31	20	19	19	18
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	377	385	477	483	481	497	502	490	483	478	461
Total Preferred & Common Equity	377	385	477	483	481	497	502	490	483	478	461
Total Common Equity	377	385	477	483	481	497	502	490	483	478	461
Common Stock	1,516	1,502	1,500	1,501	1,490	1,495	1,481	1,456	1,440	1,427	1,398
Retained Earnings	-1,138	-1,117	-1,023	-1,018	-1,009	-998	-979	-964	-957	-949	-937
Accumulated Other Comprehensive Income / (Loss)	-0.72	0.00	0.00	0.00	0.21	-0.13	0.23	-2.05	-0.26	-0.97	-1.00
Other Equity Adjustments	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Cars.com'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	0.00%	5.90%	-1.16%	4.75%	-9.39%	-8.42%	16.24%	4.84%	5.40%	4.35%	0.57%
EBITDA Growth	0.00%	9.99%	-15.33%	-17.21%	-309.61%	-123.68%	120.63%	-3.58%	0.14%	32.40%	-22.14%
EBIT Growth	0.00%	12.06%	-23.93%	-37.08%	-625.13%	-102.15%	105.37%	20.09%	-12.72%	86.15%	-31.23%
NOPAT Growth	0.00%	11.62%	40.10%	-76.81%	-645.77%	-98.93%	108.86%	-8.50%	603.43%	-88.23%	-15.49%
Net Income Growth	0.00%	11.74%	27.26%	-82.71%	-1,247.48%	-77.20%	101.37%	59.45%	588.38%	-59.32%	-58.39%
EPS Growth	0.00%	11.82%	27.24%	-82.43%	-1,309.09%	-76.54%	101.28%	66.67%	596.00%	-58.62%	-55.56%
Operating Cash Flow Growth	0.00%	4.79%	-6.64%	-12.04%	-37.95%	36.59%	-0.44%	-6.88%	6.39%	11.56%	-0.58%
Free Cash Flow Firm Growth	0.00%	0.00%	118.80%	-100.07%	83,616.03%	26.38%	-70.05%	-41.40%	381.71%	-71.97%	30.57%
Invested Capital Growth	0.00%	0.00%	-7.12%	2.58%	-23.63%	-52.10%	-3.72%	-0.01%	13.82%	-2.89%	-6.04%
Revenue Q/Q Growth	0.00%	0.00%	-0.80%	0.87%	-3.12%	2.25%	0.86%	1.54%	1.68%	0.11%	0.48%
EBITDA Q/Q Growth	0.00%	0.00%	-4.29%	-5.75%	-2.91%	1.43%	-8.63%	12.04%	-6.44%	8.25%	-7.99%
EBIT Q/Q Growth	0.00%	0.00%	-6.92%	-14.53%	-4.66%	0.77%	-13.83%	56.86%	-22.61%	23.18%	-7.88%
NOPAT Q/Q Growth	0.00%	0.00%	70.99%	-76.53%	-4.49%	1.25%	-72.03%	-83.61%	62.93%	-4.70%	-20.26%
Net Income Q/Q Growth	0.00%	0.00%	84.74%	-78.58%	-3.12%	4.75%	-77.94%	323.79%	-1.59%	22.83%	-33.07%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-78.26%	-2.78%	0.00%	0.00%	316.67%	-1.14%	22.03%	-30.43%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-9.71%	2.34%	-17.50%	17.67%	-12.64%	13.66%	6.15%	-9.03%	4.92%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-101.28%	-9.71%	4.24%	-68.88%	-80.77%	39.04%	496.35%	-0.90%
Invested Capital Q/Q Growth	0.00%	0.00%	6.68%	-1.11%	-0.83%	-2.17%	3.92%	-1.78%	6.26%	-0.54%	-1.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	92.12%	90.91%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	36.19%	37.59%	32.20%	25.45%	-58.87%	-143.80%	25.52%	23.47%	22.30%	28.30%	21.91%
Operating Margin	26.74%	28.28%	21.75%	12.98%	-76.13%	-165.38%	7.75%	10.10%	7.85%	7.44%	8.33%
EBIT Margin	26.76%	28.32%	21.79%	13.09%	-75.87%	-167.47%	7.73%	8.85%	7.33%	13.08%	8.94%
Profit (Net Income) Margin	26.76%	28.24%	36.36%	6.00%	-76.01%	-147.08%	1.73%	2.63%	17.19%	6.70%	2.77%
Tax Burden Percent	100.00%	99.67%	183.73%	68.17%	93.70%	84.27%	113.79%	76.21%	654.20%	77.89%	58.45%
Interest Burden Percent	100.00%	100.05%	90.80%	67.26%	106.92%	104.21%	19.67%	38.99%	35.83%	65.77%	53.03%
Effective Tax Rate	0.00%	0.33%	-83.73%	31.83%	0.00%	0.00%	-13.79%	23.79%	-554.20%	22.11%	41.55%
Return on Invested Capital (ROIC)	0.00%	14.69%	10.67%	2.54%	-15.51%	-48.17%	6.71%	6.26%	41.18%	4.62%	4.09%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	11.72%	2.22%	-0.52%	-36.65%	-78.78%	-3.10%	-1.76%	-14.73%	6.25%	-0.01%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.10%	0.29%	-0.19%	-16.67%	-58.38%	-3.79%	-1.86%	-14.16%	4.98%	-0.01%
Return on Equity (ROE)	0.00%	14.59%	10.96%	2.35%	-32.18%	-106.55%	2.92%	4.40%	27.03%	9.60%	4.08%
Cash Return on Invested Capital (CROIC)	0.00%	-185.31%	18.06%	-0.01%	11.29%	22.29%	10.50%	6.27%	28.26%	7.55%	10.31%
Operating Return on Assets (OROA)	0.00%	6.94%	5.32%	3.31%	-19.21%	-57.90%	4.63%	5.70%	4.60%	8.24%	5.95%
Return on Assets (ROA)	0.00%	6.92%	8.87%	1.52%	-19.24%	-50.85%	1.04%	1.69%	10.78%	4.22%	1.84%
Return on Common Equity (ROCE)	0.00%	14.59%	10.96%	2.35%	-32.18%	-106.55%	2.92%	4.40%	27.03%	9.60%	4.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.30%	13.37%	2.39%	-39.03%	-231.97%	2.71%	4.48%	24.07%	9.42%	0.00%
Net Operating Profit after Tax (NOPAT)	158	176	247	57	-312	-621	55	50	354	42	35
NOPAT Margin	26.74%	28.19%	39.96%	8.85%	-53.29%	-115.77%	8.82%	7.70%	51.37%	5.79%	4.87%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.97%	8.45%	3.06%	21.14%	30.61%	9.81%	8.02%	55.91%	-1.63%	4.10%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.87%	36.30%	4.31%	3.81%
Cost of Revenue to Revenue	7.88%	9.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	3.86%	3.83%	7.27%	11.28%	12.59%	11.01%	11.79%	10.34%	11.14%	12.33%	12.60%
R&D to Revenue	11.91%	11.70%	0.00%	10.64%	10.73%	11.31%	12.40%	13.61%	14.45%	15.84%	16.22%
Operating Expenses to Revenue	65.38%	62.62%	78.25%	87.02%	176.13%	265.38%	92.25%	89.90%	92.15%	92.56%	91.67%
Earnings before Interest and Taxes (EBIT)	158	177	135	85	-445	-899	48	58	51	94	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	213	235	199	165	-345	-772	159	153	154	203	158
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.23	0.91	0.72	2.24	2.79	2.39	2.55	2.19	1.54
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)	0.00	0.00	3.35	2.28	1.39	1.42	1.78	1.40	1.82	1.56	1.01
Price to Earnings (P/E)	0.00	0.00	9.20	37.99	0.00	0.00	103.04	53.31	10.61	23.28	36.39
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	0.00%	0.00%	10.87%	2.63%	0.00%	0.00%	0.97%	1.88%	9.43%	4.30%	2.75%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.17	0.93	0.81	1.50	1.91	1.66	1.84	1.69	1.31
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	4.23	3.29	2.42	2.34	2.47	2.04	2.44	2.08	1.51
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	13.14	12.95	0.00	0.00	9.67	8.71	10.93	7.37	6.89
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.42	25.17	0.00	0.00	31.92	23.09	33.24	15.94	16.89
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	10.59	37.24	0.00	0.00	27.98	26.56	4.74	35.98	31.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	14.05	13.03	13.98	9.06	11.15	10.40	12.28	9.83	7.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.26	0.00	6.24	4.37	17.88	26.51	6.91	22.02	12.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.34	0.43	0.56	1.72	1.17	1.23	0.98	0.89	0.96
Long-Term Debt to Equity	0.00	0.00	0.33	0.41	0.54	1.69	1.15	1.19	0.94	0.89	0.96
Financial Leverage	0.00	-0.01	0.13	0.36	0.45	0.74	1.22	1.06	0.96	0.80	0.75
Leverage Ratio	0.00	1.05	1.23	1.55	1.67	2.10	2.82	2.60	2.51	2.28	2.21
Compound Leverage Factor	0.00	1.05	1.12	1.04	1.79	2.18	0.56	1.01	0.90	1.50	1.17
Debt to Total Capital	0.00%	0.00%	25.62%	29.85%	36.03%	63.19%	53.95%	55.13%	49.55%	47.09%	48.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.94%	1.16%	1.76%	0.84%	1.03%	1.65%	2.37%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	24.68%	28.69%	34.27%	62.35%	52.92%	53.48%	47.17%	47.09%	48.86%
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	0.00%	100.00%	74.38%	70.15%	63.97%	36.81%	46.05%	44.87%	50.45%	52.91%	51.14%
Debt to EBITDA	0.00	0.00	2.91	4.21	-1.86	-0.76	2.93	3.08	3.14	2.24	2.85
Net Debt to EBITDA	0.00	0.00	2.75	3.99	-1.75	-0.64	2.68	2.73	2.75	1.85	2.29
Long-Term Debt to EBITDA	0.00	0.00	2.80	4.04	-1.77	-0.75	2.87	2.99	2.99	2.24	2.85
Debt to NOPAT	0.00	0.00	2.34	12.10	-2.06	-0.94	8.48	9.39	1.37	10.93	12.82
Net Debt to NOPAT	0.00	0.00	2.22	11.47	-1.93	-0.80	7.77	8.34	1.20	9.05	10.30
Long-Term Debt to NOPAT	0.00	0.00	2.26	11.63	-1.96	-0.93	8.32	9.11	1.30	10.93	12.82
Altman Z-Score	0.00	0.00	2.04	1.35	-0.12	-3.08	0.34	0.19	0.67	0.94	0.49
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	0.00	1.66	1.58	1.39	1.24	1.97	1.56	1.40	1.22	1.83	1.87
Quick Ratio	0.00	1.49	1.35	1.21	1.17	1.79	1.46	1.32	1.13	1.58	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,221	417	-0.27	227	287	86	50	243	68	89
Operating Cash Flow to CapEx	2,100.98%	2,066.55%	567.31%	1,149.08%	477.41%	829.44%	719.07%	651.88%	654.73%	625.59%	585.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	33.74	-0.01	7.39	7.59	2.22	1.43	7.49	2.11	2.93
Operating Cash Flow to Interest Expense	0.00	0.00	15.03	5.90	3.30	3.66	3.56	3.64	4.22	4.74	4.99
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	12.38	5.39	2.61	3.22	3.07	3.08	3.57	3.98	4.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.25	0.24	0.25	0.25	0.35	0.60	0.64	0.63	0.63	0.67
Accounts Receivable Turnover	0.00	6.35	6.20	6.17	5.56	5.49	6.48	6.32	5.91	5.55	5.44
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	0.00	30.53	20.51	15.92	13.76	12.62	14.79	14.82	15.47	17.01	19.05
Accounts Payable Turnover	0.00	7.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	57.45	58.88	59.21	65.63	66.47	56.34	57.73	61.78	65.76	67.04
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	50.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	7.04	58.88	59.21	65.63	66.47	56.34	57.73	61.78	65.76	67.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,397	2,226	2,283	1,744	835	804	804	915	889	835
Invested Capital Turnover	0.00	0.52	0.27	0.29	0.29	0.42	0.76	0.81	0.80	0.80	0.84
Increase / (Decrease) in Invested Capital	0.00	2,397	-171	57	-540	-909	-31	-0.10	111	-26	-54
Enterprise Value (EV)	0.00	0.00	2,612	2,131	1,418	1,257	1,539	1,337	1,679	1,499	1,092
Market Capitalization	0.00	0.00	2,066	1,474	816	761	1,112	917	1,256	1,122	730
Book Value per Share	$0.00	$33.77	$23.44	$23.73	$17.09	$5.05	$5.76	$5.77	$7.43	$7.90	$7.90
Tangible Book Value per Share	$0.00	$0.30	($8.91)	($11.20)	($10.40)	($7.35)	($5.75)	($6.39)	($4.89)	($3.36)	($3.71)
Total Capital	0.00	2,417	2,257	2,319	1,784	924	864	857	975	967	924
Total Debt	0.00	0.00	578	692	643	584	466	472	483	455	452
Total Long-Term Debt	0.00	0.00	557	665	611	576	457	458	460	455	452
Net Debt	0.00	-21	547	656	603	495	427	420	423	377	363
Capital Expenditures (CapEx)	9.05	9.64	33	14	21	17	19	20	21	24	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	39	53	45	41	28	23	25	17	47	42
Debt-free Net Working Capital (DFNWC)	0.00	48	74	70	55	95	62	57	56	97	98
Net Working Capital (NWC)	0.00	48	52	43	24	88	53	43	33	97	98
Net Nonoperating Expense (NNE)	-0.11	-0.31	22	18	133	168	44	33	236	-6.52	15
Net Nonoperating Obligations (NNO)	0.00	-21	547	656	603	495	406	420	423	377	363
Total Depreciation and Amortization (D&A)	56	58	64	80	100	127	111	96	103	109	94
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	6.19%	8.60%	6.90%	7.08%	5.17%	3.69%	3.83%	2.41%	6.50%	5.80%
Debt-free Net Working Capital to Revenue	0.00%	7.61%	11.93%	10.84%	9.39%	17.79%	9.96%	8.68%	8.10%	13.55%	13.58%
Net Working Capital to Revenue	0.00%	7.61%	8.50%	6.68%	4.03%	16.35%	8.52%	6.52%	4.74%	13.55%	13.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($12.15)	$0.11	$0.25	$1.77	$0.73	$0.32
Adjusted Weighted Average Basic Shares Outstanding	71.59M	71.59M	71.66M	70.32M	67.00M	67.24M	68.73M	68.22M	66.74M	66.01M	62.39M
Adjusted Diluted Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($12.15)	$0.11	$0.25	$1.74	$0.72	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	71.59M	71.59M	71.73M	70.55M	67.00M	67.24M	71.34M	69.65M	68.23M	67.39M	63.26M
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	0.00	71.70M	71.86M	67.39M	66.81M	67.41M	69.17M	66.15M	65.71M	63.85M	58.64M
Normalized Net Operating Profit after Tax (NOPAT)	110	176	94	57	11	13	34	50	38	42	35
Normalized NOPAT Margin	18.72%	28.19%	15.22%	8.85%	1.84%	2.42%	5.43%	7.70%	5.50%	5.79%	4.87%
Pre Tax Income Margin	26.76%	28.33%	19.79%	8.80%	-81.12%	-174.53%	1.52%	3.45%	2.63%	8.60%	4.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	10.87	3.05	-14.44	-23.74	1.24	1.64	1.56	2.92	2.13
NOPAT to Interest Expense	0.00	0.00	19.94	2.06	-10.15	-16.41	1.42	1.42	10.92	1.29	1.16
EBIT Less CapEx to Interest Expense	0.00	0.00	8.23	2.54	-15.13	-24.18	0.75	1.08	0.91	2.16	1.28
NOPAT Less CapEx to Interest Expense	0.00	0.00	17.29	1.55	-10.84	-16.85	0.92	0.87	10.27	0.54	0.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	289.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	289.61%	250.43%	-8.98%	0.00%	0.00%	284.68%	26.42%	102.06%	433.41%

This table displays calculated financial ratios and metrics derived from Cars.com'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	-	-	-	-	-	-	-	-	-	-	58,636,763.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	58,636,763.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.92%	6.78%	7.85%	6.37%	3.05%	0.46%	-0.64%	-0.09%	1.07%	1.92%	0.67%
EBITDA Growth	26.46%	-22.00%	-16.70%	51.94%	64.52%	41.34%	-8.85%	-18.37%	-30.25%	-25.95%	-2.38%
EBIT Growth	59.95%	-59.26%	-55.99%	166.35%	212.66%	174.47%	-29.60%	-28.13%	-43.71%	-19.89%	147.82%
NOPAT Growth	74.93%	433.75%	6.10%	-99.40%	-64.13%	-74.17%	-62.89%	62.30%	37.60%	-36.47%	110.08%
Net Income Growth	252.70%	-18.67%	-93.17%	-87.91%	316.81%	107.33%	-356.76%	-38.41%	-59.09%	-57.25%	347.29%
EPS Growth	275.00%	-13.33%	-94.12%	-87.59%	300.00%	100.00%	-400.00%	-35.29%	-57.14%	-53.85%	366.67%
Operating Cash Flow Growth	-27.78%	21.28%	18.93%	25.72%	51.97%	-33.52%	-11.99%	-25.60%	9.37%	23.70%	35.15%
Free Cash Flow Firm Growth	40.96%	-463.09%	-239.76%	-102.58%	-29.38%	196.10%	122.51%	242.50%	344.21%	48.49%	288.10%
Invested Capital Growth	5.20%	13.82%	13.02%	3.93%	3.75%	-2.89%	-1.79%	-3.19%	-5.10%	-6.04%	-7.98%
Revenue Q/Q Growth	3.66%	3.02%	0.32%	-0.71%	0.42%	0.43%	-0.78%	-0.16%	1.59%	1.28%	-2.00%
EBITDA Q/Q Growth	6.36%	1.80%	-0.69%	41.31%	15.16%	-12.54%	-35.96%	26.56%	-1.59%	-7.15%	-15.58%
EBIT Q/Q Growth	13.21%	-2.60%	-9.90%	168.10%	32.89%	-14.50%	-76.89%	173.69%	4.09%	21.68%	-28.51%
NOPAT Q/Q Growth	-97.79%	170.52%	-81.52%	-45.79%	32.30%	94.81%	-73.44%	137.07%	12.17%	-10.05%	-12.17%
Net Income Q/Q Growth	-95.23%	85.84%	-90.61%	1,351.66%	64.48%	-7.56%	-111.63%	448.19%	9.26%	-3.40%	-32.71%
EPS Q/Q Growth	-94.89%	85.71%	-92.31%	1,600.00%	64.71%	-7.14%	-111.54%	466.67%	9.09%	0.00%	-33.33%
Operating Cash Flow Q/Q Growth	26.24%	27.52%	-25.86%	5.34%	52.59%	-44.22%	-1.84%	-10.96%	124.33%	-36.91%	7.25%
Free Cash Flow Firm Q/Q Growth	-101.68%	-148.06%	-103.31%	69.53%	15.81%	284.26%	-52.37%	92.85%	44.29%	12.03%	24.49%
Invested Capital Q/Q Growth	-2.10%	6.26%	-1.30%	1.21%	-2.27%	-0.54%	-0.18%	-0.23%	-4.19%	-1.52%	-2.24%
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	21.13%	20.88%	20.67%	29.42%	33.74%	29.38%	18.96%	24.04%	23.28%	21.35%	18.39%
Operating Margin	8.21%	8.32%	7.07%	5.32%	6.38%	10.96%	3.61%	8.53%	9.26%	11.82%	9.23%
EBIT Margin	5.97%	5.65%	5.07%	13.70%	18.13%	15.43%	3.59%	9.85%	10.10%	12.13%	8.85%
Profit (Net Income) Margin	2.58%	4.65%	0.44%	6.36%	10.42%	9.59%	-1.12%	3.92%	4.22%	4.02%	2.76%
Tax Burden Percent	170.18%	441.35%	95.61%	69.40%	76.28%	86.06%	163.26%	70.32%	71.56%	49.75%	57.11%
Interest Burden Percent	25.34%	18.64%	8.97%	66.91%	75.35%	72.21%	-19.16%	56.60%	58.38%	66.65%	54.66%
Effective Tax Rate	-70.18%	-341.35%	4.39%	30.60%	23.72%	13.94%	0.00%	29.69%	28.44%	50.25%	42.89%
Return on Invested Capital (ROIC)	11.28%	29.42%	5.58%	2.94%	3.98%	7.52%	2.03%	4.79%	5.47%	4.94%	4.48%
ROIC Less NNEP Spread (ROIC-NNEP)	6.43%	15.76%	2.85%	4.10%	6.58%	7.59%	0.43%	3.88%	4.33%	4.01%	3.28%
Return on Net Nonoperating Assets (RNNOA)	6.14%	15.15%	2.75%	3.45%	5.13%	6.06%	0.36%	3.24%	3.36%	3.02%	2.60%
Return on Equity (ROE)	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%	2.39%	8.03%	8.84%	7.95%	7.08%
Cash Return on Invested Capital (CROIC)	20.80%	28.26%	95.21%	2.74%	1.30%	7.55%	5.81%	7.77%	10.30%	10.31%	13.36%
Operating Return on Assets (OROA)	3.76%	3.54%	3.32%	8.86%	11.72%	9.72%	2.32%	6.47%	6.64%	8.07%	6.00%
Return on Assets (ROA)	1.62%	2.91%	0.28%	4.11%	6.74%	6.04%	-0.73%	2.58%	2.77%	2.68%	1.87%
Return on Common Equity (ROCE)	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%	2.39%	8.03%	8.84%	7.95%	7.08%
Return on Equity Simple (ROE_SIMPLE)	24.92%	0.00%	22.38%	5.03%	7.81%	0.00%	9.27%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	66	12	6.61	8.74	17	4.52	11	12	11	9.50
NOPAT Margin	13.98%	36.70%	6.76%	3.69%	4.86%	9.44%	2.53%	6.00%	6.62%	5.88%	5.27%
Net Nonoperating Expense Percent (NNEP)	4.85%	13.66%	2.73%	-1.17%	-2.59%	-0.07%	1.60%	0.91%	1.15%	0.92%	1.20%
Return On Investment Capital (ROIC_SIMPLE)	-	6.76%	-	-	-	1.76%	0.48%	1.14%	1.29%	1.17%	1.04%
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	10.20%	12.84%	12.69%	12.85%	11.97%	11.84%	14.46%	12.13%	13.40%	10.46%	12.11%
R&D to Revenue	14.51%	14.05%	15.59%	15.42%	16.27%	16.09%	15.91%	16.02%	15.19%	17.75%	17.48%
Operating Expenses to Revenue	91.79%	91.68%	92.93%	94.68%	93.62%	89.04%	96.39%	91.47%	90.74%	88.18%	90.77%
Earnings before Interest and Taxes (EBIT)	10	10	9.14	25	33	28	6.44	18	18	22	16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	38	37	53	61	53	34	43	42	39	33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	2.55	2.36	2.62	2.20	2.19	1.47	1.54	1.57	1.54	1.03
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)	1.65	1.82	1.62	1.83	1.54	1.56	1.00	1.04	1.04	1.01	0.66
Price to Earnings (P/E)	9.31	10.61	10.56	52.10	28.21	23.28	15.85	18.17	25.06	36.39	17.61
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	10.74%	9.43%	9.47%	1.92%	3.55%	4.30%	6.31%	5.50%	3.99%	2.75%	5.68%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.84	1.73	1.88	1.68	1.69	1.26	1.30	1.32	1.31	1.02
Enterprise Value to Revenue (EV/Rev)	2.21	2.44	2.22	2.41	2.08	2.08	1.56	1.60	1.56	1.51	1.15
Enterprise Value to EBITDA (EV/EBITDA)	9.12	10.93	10.67	10.47	7.97	7.37	5.58	6.02	6.51	6.89	5.28
Enterprise Value to EBIT (EV/EBIT)	22.96	33.24	40.09	31.73	19.61	15.94	12.22	13.58	15.97	16.89	11.21
Enterprise Value to NOPAT (EV/NOPAT)	6.90	4.74	1.71	29.04	34.25	35.98	31.17	28.20	25.39	31.02	19.33
Enterprise Value to Operating Cash Flow (EV/OCF)	11.64	12.28	10.98	11.52	8.93	9.83	7.52	8.22	7.76	7.20	5.13
Enterprise Value to Free Cash Flow (EV/FCFF)	8.58	6.91	1.92	69.86	131.18	22.02	21.48	16.42	12.50	12.29	7.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	0.98	0.98	0.95	0.93	0.89	0.93	0.94	0.94	0.96	0.98
Long-Term Debt to Equity	0.89	0.94	0.98	0.95	0.93	0.89	0.93	0.94	0.94	0.96	0.98
Financial Leverage	0.95	0.96	0.97	0.84	0.78	0.80	0.84	0.84	0.78	0.75	0.79
Leverage Ratio	2.51	2.51	2.48	2.26	2.25	2.28	2.29	2.23	2.23	2.21	2.25
Compound Leverage Factor	0.63	0.47	0.22	1.52	1.70	1.64	-0.44	1.26	1.30	1.47	1.23
Debt to Total Capital	48.11%	49.55%	49.60%	48.59%	48.06%	47.09%	48.18%	48.55%	48.58%	48.86%	49.51%
Short-Term Debt to Total Capital	1.94%	2.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	46.16%	47.17%	49.60%	48.59%	48.06%	47.09%	48.18%	48.55%	48.58%	48.86%	49.51%
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	51.89%	50.45%	50.40%	51.41%	51.94%	52.91%	51.82%	51.45%	51.42%	51.14%	50.49%
Debt to EBITDA	2.73	3.14	3.24	2.86	2.47	2.24	2.28	2.39	2.62	2.85	2.87
Net Debt to EBITDA	2.30	2.75	2.89	2.54	2.08	1.85	1.98	2.11	2.15	2.29	2.26
Long-Term Debt to EBITDA	2.62	2.99	3.24	2.86	2.47	2.24	2.28	2.39	2.62	2.85	2.87
Debt to NOPAT	2.06	1.37	0.52	7.93	10.63	10.93	12.71	11.21	10.22	12.82	10.50
Net Debt to NOPAT	1.74	1.20	0.46	7.05	8.94	9.05	11.09	9.88	8.39	10.30	8.26
Long-Term Debt to NOPAT	1.98	1.30	0.52	7.93	10.63	10.93	12.71	11.21	10.22	12.82	10.50
Altman Z-Score	0.50	0.55	0.51	0.78	0.69	0.75	0.24	0.33	0.35	0.36	0.09
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	1.45	1.22	1.62	1.53	1.79	1.83	1.65	1.82	1.82	1.87	1.87
Quick Ratio	1.28	1.13	1.44	1.35	1.57	1.58	1.46	1.62	1.57	1.66	1.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	-45	-92	-28	-24	43	21	40	58	64	80
Operating Cash Flow to CapEx	707.11%	850.57%	556.59%	562.98%	822.43%	539.21%	508.28%	326.18%	949.61%	632.01%	635.71%
Free Cash Flow to Firm to Interest Expense	-2.34	-5.48	-11.04	-3.45	-2.94	5.61	2.70	5.22	7.54	8.67	11.10
Operating Cash Flow to Interest Expense	4.55	5.47	4.02	4.35	6.70	3.88	3.84	3.43	7.71	4.99	5.51
Operating Cash Flow Less CapEx to Interest Expense	3.91	4.83	3.30	3.58	5.89	3.16	3.09	2.38	6.90	4.20	4.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.63	0.65	0.65	0.65	0.63	0.64	0.66	0.66	0.67	0.68
Accounts Receivable Turnover	6.02	5.91	5.86	5.95	5.90	5.55	5.60	5.49	5.67	5.44	5.45
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	15.16	15.47	15.77	16.17	16.55	17.01	17.97	18.18	18.43	19.05	20.11
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)	60.65	61.78	62.29	61.37	61.86	65.76	65.23	66.45	64.41	67.04	67.01
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)	60.65	61.78	62.29	61.37	61.86	65.76	65.23	66.45	64.41	67.04	67.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	861	915	903	914	894	889	887	885	848	835	816
Invested Capital Turnover	0.81	0.80	0.83	0.79	0.82	0.80	0.80	0.80	0.83	0.84	0.85
Increase / (Decrease) in Invested Capital	43	111	104	35	32	-26	-16	-29	-46	-54	-71
Enterprise Value (EV)	1,499	1,679	1,560	1,720	1,498	1,499	1,117	1,147	1,121	1,092	832
Market Capitalization	1,121	1,256	1,138	1,302	1,106	1,122	720	745	751	730	476
Book Value per Share	$7.27	$7.43	$7.26	$7.52	$7.61	$7.90	$7.67	$7.68	$7.77	$7.90	$7.86
Tangible Book Value per Share	($4.05)	($4.89)	($4.70)	($4.15)	($3.76)	($3.36)	($3.86)	($3.81)	($3.68)	($3.71)	($3.79)
Total Capital	931	975	955	967	967	967	946	939	929	924	913
Total Debt	448	483	474	470	465	455	456	456	451	452	452
Total Long-Term Debt	430	460	474	470	465	455	456	456	451	452	452
Net Debt	378	423	422	417	391	377	397	402	370	363	356
Capital Expenditures (CapEx)	5.01	5.31	6.01	6.26	6.54	5.57	5.80	8.04	6.20	5.87	6.26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	27	17	36	32	39	47	40	53	40	42	37
Debt-free Net Working Capital (DFNWC)	76	56	68	61	89	97	72	81	96	98	101
Net Working Capital (NWC)	58	33	68	61	89	97	72	81	96	98	101
Net Nonoperating Expense (NNE)	20	58	11	-4.78	-9.98	-0.28	6.54	3.71	4.37	3.42	4.52
Net Nonoperating Obligations (NNO)	378	423	422	417	391	377	397	402	370	363	356
Total Depreciation and Amortization (D&A)	26	27	28	28	28	25	28	25	24	17	17
Debt-free, Cash-free Net Working Capital to Revenue	4.03%	2.41%	5.19%	4.54%	5.42%	6.50%	5.62%	7.39%	5.62%	5.80%	5.09%
Debt-free Net Working Capital to Revenue	11.28%	8.10%	9.66%	8.62%	12.32%	13.55%	10.00%	11.24%	13.27%	13.58%	14.01%
Net Working Capital to Revenue	8.61%	4.74%	9.66%	8.62%	12.32%	13.55%	10.00%	11.24%	13.27%	13.58%	14.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27	($0.03)	$0.11	$0.12	$0.12	$0.08
Adjusted Weighted Average Basic Shares Outstanding	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M	64.47M	63.16M	61.71M	62.39M	58.93M
Adjusted Diluted Earnings per Share	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26	($0.03)	$0.11	$0.12	$0.12	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M	64.47M	63.84M	63.07M	63.26M	59.59M
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	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M	62.89M	61.45M	59.81M	58.64M	55.90M
Normalized Net Operating Profit after Tax (NOPAT)	10	10	12	6.61	8.74	17	4.52	11	12	15	9.50
Normalized NOPAT Margin	5.75%	5.82%	6.76%	3.69%	4.86%	9.44%	2.53%	6.00%	6.62%	8.27%	5.27%
Pre Tax Income Margin	1.51%	1.05%	0.46%	9.17%	13.66%	11.14%	-0.69%	5.58%	5.89%	8.09%	4.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.34	1.23	1.10	3.02	4.06	3.60	0.84	2.30	2.40	3.00	2.21
NOPAT to Interest Expense	3.13	7.99	1.46	0.81	1.09	2.20	0.59	1.40	1.58	1.45	1.31
EBIT Less CapEx to Interest Expense	0.70	0.59	0.38	2.25	3.24	2.88	0.08	1.25	1.59	2.21	1.34
NOPAT Less CapEx to Interest Expense	2.49	7.34	0.74	0.04	0.27	1.48	-0.17	0.35	0.76	0.66	0.45
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	26.89%	26.42%	30.90%	113.99%	111.30%	102.06%	135.76%	193.72%	259.80%	433.41%	317.35%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor‑focused view of Cars.com (CARS) results from the last four years, focusing on revenue, profitability, cash flow, and balance sheet trends.

Revenue has shown a steady up‑trend from 2022 through 2025, with Q4 2025 revenue of $183.9 million, up from about $168.2 million in Q4 2022.
Net income from continuing operations has remained positive in recent quarters (Q4 2025: $7.40 million; Q3 2025: $7.66 million), signaling ongoing profitability despite modest margins.
Cash flow from operations has been strong and positive, supporting liquidity (Q3 2025 net cash from continuing operating activities about $58.84 million; Q4 2025 about $37.12 million; Q4 2024 about $30.01 million).
Liquidity improved in 2025 as cash balances rose (cash & equivalents: about $55.1 million in Q3 2025 vs about $27.7 million in Q2 2025).
Long‑term debt remained relatively flat in the $450–470 million range across 2024–2025, implying manageable leverage (e.g., LT Debt around $451.2 million in Q3 2025; $455.9 million in Q2 2025; $473.8 million in Q4 2024).
Investing cash outflows are ongoing and typical for a growth‑oriented company, with net cash used in investing activities in multiple quarters (example: Q4 2025 net investing cash outflow around $14.08 million; Q3 2025 around $6.20 million).
Intangible assets and goodwill are substantial on the balance sheet (intangible assets around $537–571 million; goodwill around $166–$167 million), reflecting IP/brand value but contributing to higher asset bases.
Balance sheet shows a solid but modest leverage profile, with total liabilities generally in the $581–616 million range and total equity around $477–$483 million in 2024–2025, indicating a balanced capital structure.
Q4 2025 net income declined year‑over‑year versus Q4 2024 (Q4 2025: $7.40 million vs Q4 2024: $17.33 million), underscoring earnings volatility on a quarterly basis.
Financing cash outflows have been a recurring use of cash due to share repurchases and related financing actions, reducing cash balances (example: net cash from continuing financing activities around −$22.0 to −$25.2 million per quarter in recent periods; Q4 2025 shows −$22.06 million).

07/14/26 02:51 AM ETAI Generated. May Contain Errors.

Cars.com Financials - Frequently Asked Questions

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

Cars.com's net income appears to be on an upward trend, with a most recent value of $20.05 million in 2025, falling from $157.84 million in 2015. The previous period was $48.19 million in 2024. View Cars.com's forecast to see where analysts expect Cars.com to go next.

Cars.com's total operating income in 2025 was $60.25 million, based on the following breakdown:

Total Gross Profit: $723.24 million
Total Operating Expenses: $662.99 million

Over the last 10 years, Cars.com's total revenue changed from $589.78 million in 2015 to $723.24 million in 2025, a change of 22.6%.

Cars.com's total liabilities were at $589.89 million at the end of 2025, a 1.7% decrease from 2024, and a 353.8% increase since 2016.

In the past 9 years, Cars.com's cash and equivalents has ranged from $8.90 million in 2016 to $67.72 million in 2020, and is currently $56.24 million as of their latest financial filing in 2025.

Over the last 10 years, Cars.com's book value per share changed from 0.00 in 2015 to 7.90 in 2025, a change of 790.0%.

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Financial statements for NYSE:CARS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cars.com (CARS) Financials

Annual Income Statements for Cars.com

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