Cars.com (CARS) Financials

$10.31 -0.09 (-0.86%)

Closing price 03:59 PM Eastern

Extended Trading

$10.34 +0.02 (+0.23%)

As of 04:45 PM Eastern

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	94	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40
Consolidated Net Income / (Loss)	94	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40
Net Income / (Loss) Continuing Operations	94	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40
Total Pre-Tax Income	1.05	2.64	1.89	0.82	16	25	20	-1.23	9.97	11	15
Total Operating Income	12	14	15	13	9.52	11	20	6.46	15	17	22
Total Gross Profit	168	174	180	180	179	180	180	179	179	182	184
Total Revenue	168	174	180	180	179	180	180	179	179	182	184
Operating Revenue	168	174	180	180	179	180	180	179	179	182	184
Total Operating Expenses	156	160	165	167	169	168	161	173	163	165	162
Selling, General & Admin Expense	18	18	23	23	23	22	21	26	22	24	19
Marketing Expense	58	60	59	59	60	58	54	60	58	59	62
Research & Development Expense	25	25	25	28	28	29	29	28	29	28	33
Depreciation Expense	25	26	27	27	28	28	25	27	25	23	16
Other Operating Expenses / (Income)	30	31	31	30	31	32	32	31	31	30	32
Total Other Income / (Expense), net	-11	-12	-13	-12	6.88	13	0.33	-7.69	-5.28	-6.10	-6.87
Interest Expense	8.15	7.78	8.25	8.32	8.11	8.03	7.74	7.67	7.64	7.63	7.44
Other Income / (Expense), net	-3.13	-3.90	-4.79	-3.60	15	21	8.06	-0.03	2.37	1.53	0.57
Income Tax Expense	-93	-1.85	-6.46	0.04	5.02	5.82	2.80	0.78	2.96	3.04	7.47
Basic Earnings per Share	$1.41	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27	($0.03)	$0.11	$0.12	$0.12
Weighted Average Basic Shares Outstanding	66.76M	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M	64.47M	63.16M	61.71M	62.39M
Diluted Earnings per Share	$1.37	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26	($0.03)	$0.11	$0.12	$0.12
Weighted Average Diluted Shares Outstanding	68.49M	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M	64.47M	63.84M	63.07M	63.26M
Weighted Average Basic & Diluted Shares Outstanding	66.47M	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M	62.89M	61.45M	59.81M	58.64M

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Net Change in Cash & Equivalents	9.77	20	-9.89	-7.84	-2.29	21	1.10	-19	-3.73	27	1.16
Net Cash From Operating Activities	28	35	45	33	35	54	30	29	26	59	37
Net Cash From Continuing Operating Activities	28	35	45	33	35	54	30	29	26	59	37
Net Income / (Loss) Continuing Operations	94	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40
Consolidated Net Income / (Loss)	94	4.49	8.35	0.78	11	19	17	-2.01	7.01	7.66	7.40
Depreciation Expense	5.51	5.97	5.96	6.36	6.36	6.58	7.37	9.66	7.42	6.00	5.94
Amortization Expense	20	20	21	22	22	21	18	18	18	18	11
Non-Cash Adjustments To Reconcile Net Income	8.41	8.21	6.36	8.82	9.95	8.51	-0.50	8.68	4.82	9.00	8.71
Changes in Operating Assets and Liabilities, net	-100	-3.73	3.08	-4.24	-14	-1.48	-12	-4.73	-11	18	4.06
Net Cash From Investing Activities	-5.20	-5.01	-81	-6.01	-6.48	-6.54	-5.56	-21	-8.39	-6.20	-14
Net Cash From Continuing Investing Activities	-5.20	-5.01	-81	-6.01	-6.48	-6.54	-5.56	-21	-8.39	-6.20	-14
Purchase of Property, Plant & Equipment	-5.20	-5.01	-5.31	-6.01	-6.26	-6.54	-5.57	-5.80	-8.04	-6.20	-5.87
Net Cash From Financing Activities	-13	-9.91	27	-35	-31	-27	-23	-27	-22	-25	-22
Net Cash From Continuing Financing Activities	-13	-9.91	27	-35	-31	-27	-23	-27	-22	-25	-22
Repurchase of Common Equity	-10	-6.16	-7.98	-9.10	-5.27	-21	-13	-22	-23	-20	-23
Other Financing Activities, net	0.73	-	-0.14	-16	-19	-0.51	0.59	-5.85	1.15	-0.53	0.51
Effect of Exchange Rate Changes	-	-	-0.44	-0.09	-0.05	0.08	-0.44	-0.57	0.39	-0.05	0.18
Cash Interest Paid	14	1.27	14	2.57	14	1.56	14	1.16	14	1.99	13
Cash Income Taxes Paid	12	4.83	0.53	1.17	3.47	0.87	0.98	1.32	0.77	0.14	0.35

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
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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	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
Total Assets	1,051	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084	1,065	1,071
Total Current Assets	138	155	145	157	189	177	178	200	183	180	212
Cash & Equivalents	18	32	19	29	49	31	29	50	31	28	55
Accounts Receivable	104	107	114	111	118	126	129	125	131	133	129
Prepaid Expenses	11	11	11	10	14	12	10	16	12	11	15
Other Current Assets	3.80	5.09	0.41	7.36	8.43	7.64	10	9.57	8.39	7.77	13
Plant, Property, & Equipment, net	44	45	46	45	44	43	43	43	37	36	35
Total Noncurrent Assets	870	829	812	883	870	923	900	876	864	849	824
Long-Term Investments	22	-	21	20	20	21	23	24	27	26	26
Goodwill	103	102	103	103	103	146	145	146	165	168	167
Intangible Assets	745	726	688	669	649	647	626	605	571	555	537
Noncurrent Deferred & Refundable Income Taxes	-	-	-	91	97	109	105	101	101	100	94
Total Liabilities & Shareholders' Equity	1,051	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084	1,065	1,071
Total Liabilities	660	674	617	608	620	662	624	616	594	581	594
Total Current Liabilities	85	106	107	121	131	109	117	111	111	99	117
Short-Term Debt	12	13	15	17	18	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	13	19	17	20	19	26	30	32	29	31	33
Accrued Expenses	46	59	62	68	73	66	64	50	53	45	55
Current Employee Benefit Liabilities	14	16	12	16	21	18	23	30	28	23	29
Total Noncurrent Liabilities	575	567	510	488	489	552	507	505	483	483	477
Long-Term Debt	496	483	439	434	430	474	470	465	456	456	451
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	0.00	8.69	8.22	8.29	6.80	7.21	6.66
Other Noncurrent Operating Liabilities	79	85	71	53	60	70	29	31	20	19	19
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	391	377	385	477	483	481	497	502	490	483	478
Total Preferred & Common Equity	391	377	385	477	483	481	497	502	490	483	478
Total Common Equity	391	377	385	477	483	481	497	502	490	483	478
Common Stock	1,527	1,516	1,502	1,500	1,501	1,490	1,495	1,481	1,456	1,440	1,427
Retained Earnings	-1,135	-1,138	-1,117	-1,023	-1,018	-1,009	-998	-979	-964	-957	-949
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.72	0.00	0.00	0.00	0.21	-0.13	0.23	-2.05	-0.26	-0.97
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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.26%	5.92%	6.78%	7.85%	6.37%	3.05%	0.46%	-0.64%	-0.09%	1.07%	1.92%
EBITDA Growth	-10.65%	26.46%	-22.00%	-16.70%	51.94%	64.52%	41.34%	-8.85%	-18.37%	-30.25%	-25.95%
EBIT Growth	-39.98%	59.95%	-59.26%	-55.99%	166.35%	212.66%	174.47%	-29.60%	-28.13%	-43.71%	-19.89%
NOPAT Growth	8,036.69%	74.93%	433.75%	6.10%	-99.40%	-64.13%	-74.17%	-62.89%	62.30%	37.60%	-36.47%
Net Income Growth	1,597.49%	252.70%	-18.67%	-93.17%	-87.91%	316.81%	107.33%	-356.76%	-38.41%	-59.09%	-57.25%
EPS Growth	1,612.50%	275.00%	-13.33%	-94.12%	-87.59%	300.00%	100.00%	-400.00%	-35.29%	-57.14%	-53.85%
Operating Cash Flow Growth	135.20%	-27.78%	21.28%	18.93%	25.72%	51.97%	-33.52%	-11.99%	-25.60%	9.37%	23.70%
Free Cash Flow Firm Growth	2,261.67%	40.96%	-463.09%	-239.76%	-102.58%	-29.38%	196.10%	122.51%	242.50%	344.21%	48.49%
Invested Capital Growth	2.40%	5.20%	13.82%	13.02%	3.93%	3.75%	-2.89%	-1.79%	-3.19%	-5.10%	-6.04%
Revenue Q/Q Growth	0.66%	3.66%	3.02%	0.32%	-0.71%	0.42%	0.43%	-0.78%	-0.16%	1.59%	1.28%
EBITDA Q/Q Growth	-22.52%	6.36%	1.80%	-0.69%	41.31%	15.16%	-12.54%	-35.96%	26.56%	-1.59%	-7.15%
EBIT Q/Q Growth	-55.70%	13.21%	-2.60%	-9.90%	168.10%	32.89%	-14.50%	-76.89%	173.69%	4.09%	21.68%
NOPAT Q/Q Growth	9,519.08%	-97.79%	170.52%	-81.52%	-45.79%	32.30%	94.81%	-73.44%	137.07%	12.17%	-10.05%
Net Income Q/Q Growth	719.98%	-95.23%	85.84%	-90.61%	1,351.66%	64.48%	-7.56%	-111.63%	448.19%	9.26%	-3.40%
EPS Q/Q Growth	705.88%	-94.89%	85.71%	-92.31%	1,600.00%	64.71%	-7.14%	-111.54%	466.67%	9.09%	0.00%
Operating Cash Flow Q/Q Growth	-0.36%	26.24%	27.52%	-25.86%	5.34%	52.59%	-44.22%	-1.84%	-10.96%	124.33%	-36.91%
Free Cash Flow Firm Q/Q Growth	1,548.76%	-101.68%	-148.06%	-103.31%	69.53%	15.81%	284.26%	-52.37%	92.85%	44.29%	12.03%
Invested Capital Q/Q Growth	10.06%	-2.10%	6.26%	-1.30%	1.21%	-2.27%	-0.54%	-0.18%	-0.23%	-4.19%	-1.52%
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	20.60%	21.13%	20.88%	20.67%	29.42%	33.74%	29.38%	18.96%	24.04%	23.28%	21.35%
Operating Margin	7.33%	8.21%	8.32%	7.07%	5.32%	6.38%	10.96%	3.61%	8.53%	9.26%	11.82%
EBIT Margin	5.47%	5.97%	5.65%	5.07%	13.70%	18.13%	15.43%	3.59%	9.85%	10.10%	12.13%
Profit (Net Income) Margin	55.97%	2.58%	4.65%	0.44%	6.36%	10.42%	9.59%	-1.12%	3.92%	4.22%	4.02%
Tax Burden Percent	8,955.85%	170.18%	441.35%	95.61%	69.40%	76.28%	86.06%	163.26%	70.32%	71.56%	49.75%
Interest Burden Percent	11.42%	25.34%	18.64%	8.97%	66.91%	75.35%	72.21%	-19.16%	56.60%	58.38%	66.65%
Effective Tax Rate	-8,855.85%	-70.18%	-341.35%	4.39%	30.60%	23.72%	13.94%	0.00%	29.69%	28.44%	50.25%
Return on Invested Capital (ROIC)	504.71%	11.28%	29.42%	5.58%	2.94%	3.98%	7.52%	2.03%	4.79%	5.47%	4.94%
ROIC Less NNEP Spread (ROIC-NNEP)	272.39%	6.43%	15.76%	2.85%	4.10%	6.58%	7.59%	0.43%	3.88%	4.33%	4.01%
Return on Net Nonoperating Assets (RNNOA)	272.72%	6.14%	15.15%	2.75%	3.45%	5.13%	6.06%	0.36%	3.24%	3.36%	3.02%
Return on Equity (ROE)	777.43%	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%	2.39%	8.03%	8.84%	7.95%
Cash Return on Invested Capital (CROIC)	27.54%	20.80%	28.26%	95.21%	2.74%	1.30%	7.55%	5.81%	7.77%	10.30%	10.31%
Operating Return on Assets (OROA)	3.42%	3.76%	3.54%	3.32%	8.86%	11.72%	9.72%	2.32%	6.47%	6.64%	8.07%
Return on Assets (ROA)	34.99%	1.62%	2.91%	0.28%	4.11%	6.74%	6.04%	-0.73%	2.58%	2.77%	2.68%
Return on Common Equity (ROCE)	777.43%	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%	2.39%	8.03%	8.84%	7.95%
Return on Equity Simple (ROE_SIMPLE)	23.65%	24.92%	0.00%	22.38%	5.03%	7.81%	0.00%	9.27%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,105	24	66	12	6.61	8.74	17	4.52	11	12	11
NOPAT Margin	656.82%	13.98%	36.70%	6.76%	3.69%	4.86%	9.44%	2.53%	6.00%	6.62%	5.88%
Net Nonoperating Expense Percent (NNEP)	232.32%	4.85%	13.66%	2.73%	-1.17%	-2.59%	-0.07%	1.60%	0.91%	1.15%	0.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	6.76%	-	-	-	1.76%	0.48%	1.14%	1.29%	1.17%
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	10.49%	10.20%	12.84%	12.69%	12.85%	11.97%	11.84%	14.46%	12.13%	13.40%	10.46%
R&D to Revenue	14.84%	14.51%	14.05%	15.59%	15.42%	16.27%	16.09%	15.91%	16.02%	15.19%	17.75%
Operating Expenses to Revenue	92.67%	91.79%	91.68%	92.93%	94.68%	93.62%	89.04%	96.39%	91.47%	90.74%	88.18%
Earnings before Interest and Taxes (EBIT)	9.20	10	10	9.14	25	33	28	6.44	18	18	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	37	38	37	53	61	53	34	43	42	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.77	2.32	2.55	2.36	2.62	2.20	2.19	1.47	1.54	1.57	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)	1.98	1.65	1.82	1.62	1.83	1.54	1.56	1.00	1.04	1.04	1.01
Price to Earnings (P/E)	11.71	9.31	10.61	10.56	52.10	28.21	23.28	15.85	18.17	25.06	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	8.54%	10.74%	9.43%	9.47%	1.92%	3.55%	4.30%	6.31%	5.50%	3.99%	2.75%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.74	1.84	1.73	1.88	1.68	1.69	1.26	1.30	1.32	1.31
Enterprise Value to Revenue (EV/Rev)	2.58	2.21	2.44	2.22	2.41	2.08	2.08	1.56	1.60	1.56	1.51
Enterprise Value to EBITDA (EV/EBITDA)	11.02	9.12	10.93	10.67	10.47	7.97	7.37	5.58	6.02	6.51	6.89
Enterprise Value to EBIT (EV/EBIT)	28.10	22.96	33.24	40.09	31.73	19.61	15.94	12.22	13.58	15.97	16.89
Enterprise Value to NOPAT (EV/NOPAT)	6.63	6.90	4.74	1.71	29.04	34.25	35.98	31.17	28.20	25.39	31.02
Enterprise Value to Operating Cash Flow (EV/OCF)	12.11	11.64	12.28	10.98	11.52	8.93	9.83	7.52	8.22	7.76	7.20
Enterprise Value to Free Cash Flow (EV/FCFF)	7.20	8.58	6.91	1.92	69.86	131.18	22.02	21.48	16.42	12.50	12.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	0.93	0.98	0.98	0.95	0.93	0.89	0.93	0.94	0.94	0.96
Long-Term Debt to Equity	0.91	0.89	0.94	0.98	0.95	0.93	0.89	0.93	0.94	0.94	0.96
Financial Leverage	1.00	0.95	0.96	0.97	0.84	0.78	0.80	0.84	0.84	0.78	0.75
Leverage Ratio	2.46	2.51	2.51	2.48	2.26	2.25	2.28	2.29	2.23	2.23	2.21
Compound Leverage Factor	0.28	0.63	0.47	0.22	1.52	1.70	1.64	-0.44	1.26	1.30	1.47
Debt to Total Capital	48.57%	48.11%	49.55%	49.60%	48.59%	48.06%	47.09%	48.18%	48.55%	48.58%	48.86%
Short-Term Debt to Total Capital	1.81%	1.94%	2.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	46.77%	46.16%	47.17%	49.60%	48.59%	48.06%	47.09%	48.18%	48.55%	48.58%	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	51.43%	51.89%	50.45%	50.40%	51.41%	51.94%	52.91%	51.82%	51.45%	51.42%	51.14%
Debt to EBITDA	2.88	2.73	3.14	3.24	2.86	2.47	2.24	2.28	2.39	2.62	2.85
Net Debt to EBITDA	2.57	2.30	2.75	2.89	2.54	2.08	1.85	1.98	2.11	2.15	2.29
Long-Term Debt to EBITDA	2.77	2.62	2.99	3.24	2.86	2.47	2.24	2.28	2.39	2.62	2.85
Debt to NOPAT	1.73	2.06	1.37	0.52	7.93	10.63	10.93	12.71	11.21	10.22	12.82
Net Debt to NOPAT	1.55	1.74	1.20	0.46	7.05	8.94	9.05	11.09	9.88	8.39	10.30
Long-Term Debt to NOPAT	1.67	1.98	1.30	0.52	7.93	10.63	10.93	12.71	11.21	10.22	12.82
Altman Z-Score	0.67	0.50	0.55	0.51	0.78	0.69	0.75	0.24	0.33	0.35	0.36
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	1.30	1.45	1.22	1.62	1.53	1.79	1.83	1.65	1.82	1.82	1.87
Quick Ratio	1.16	1.28	1.13	1.44	1.35	1.57	1.58	1.46	1.62	1.57	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,084	-18	-45	-92	-28	-24	43	21	40	58	64
Operating Cash Flow to CapEx	539.46%	707.11%	850.57%	556.59%	562.98%	822.43%	539.21%	508.28%	326.18%	949.61%	632.01%
Free Cash Flow to Firm to Interest Expense	133.01	-2.34	-5.48	-11.04	-3.45	-2.94	5.61	2.70	5.22	7.54	8.67
Operating Cash Flow to Interest Expense	3.44	4.55	5.47	4.02	4.35	6.70	3.88	3.84	3.43	7.71	4.99
Operating Cash Flow Less CapEx to Interest Expense	2.80	3.91	4.83	3.30	3.58	5.89	3.16	3.09	2.38	6.90	4.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.63	0.63	0.65	0.65	0.65	0.63	0.64	0.66	0.66	0.67
Accounts Receivable Turnover	6.20	6.02	5.91	5.86	5.95	5.90	5.55	5.60	5.49	5.67	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	15.06	15.16	15.47	15.77	16.17	16.55	17.01	17.97	18.18	18.43	19.05
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)	58.91	60.65	61.78	62.29	61.37	61.86	65.76	65.23	66.45	64.41	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	58.91	60.65	61.78	62.29	61.37	61.86	65.76	65.23	66.45	64.41	67.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	880	861	915	903	914	894	889	887	885	848	835
Invested Capital Turnover	0.77	0.81	0.80	0.83	0.79	0.82	0.80	0.80	0.80	0.83	0.84
Increase / (Decrease) in Invested Capital	21	43	111	104	35	32	-26	-16	-29	-46	-54
Enterprise Value (EV)	1,725	1,499	1,679	1,560	1,720	1,498	1,499	1,117	1,147	1,121	1,092
Market Capitalization	1,322	1,121	1,256	1,138	1,302	1,106	1,122	720	745	751	730
Book Value per Share	$7.16	$7.27	$7.43	$7.26	$7.52	$7.61	$7.90	$7.67	$7.68	$7.77	$7.90
Tangible Book Value per Share	($4.41)	($4.05)	($4.89)	($4.70)	($4.15)	($3.76)	($3.36)	($3.86)	($3.81)	($3.68)	($3.71)
Total Capital	928	931	975	955	967	967	967	946	939	929	924
Total Debt	451	448	483	474	470	465	455	456	456	451	452
Total Long-Term Debt	434	430	460	474	470	465	455	456	456	451	452
Net Debt	402	378	423	422	417	391	377	397	402	370	363
Capital Expenditures (CapEx)	5.20	5.01	5.31	6.01	6.26	6.54	5.57	5.80	8.04	6.20	5.87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	25	27	17	36	32	39	47	40	53	40	42
Debt-free Net Working Capital (DFNWC)	54	76	56	68	61	89	97	72	81	96	98
Net Working Capital (NWC)	37	58	33	68	61	89	97	72	81	96	98
Net Nonoperating Expense (NNE)	1,010	20	58	11	-4.78	-9.98	-0.28	6.54	3.71	4.37	3.42
Net Nonoperating Obligations (NNO)	402	378	423	422	417	391	377	397	402	370	363
Total Depreciation and Amortization (D&A)	25	26	27	28	28	28	25	28	25	24	17
Debt-free, Cash-free Net Working Capital to Revenue	3.73%	4.03%	2.41%	5.19%	4.54%	5.42%	6.50%	5.62%	7.39%	5.62%	5.80%
Debt-free Net Working Capital to Revenue	8.01%	11.28%	8.10%	9.66%	8.62%	12.32%	13.55%	10.00%	11.24%	13.27%	13.58%
Net Working Capital to Revenue	5.50%	8.61%	4.74%	9.66%	8.62%	12.32%	13.55%	10.00%	11.24%	13.27%	13.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.41	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27	($0.03)	$0.11	$0.12	$0.12
Adjusted Weighted Average Basic Shares Outstanding	66.76M	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M	64.47M	63.16M	61.71M	62.39M
Adjusted Diluted Earnings per Share	$1.37	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26	($0.03)	$0.11	$0.12	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	68.49M	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M	64.47M	63.84M	63.07M	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	66.47M	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M	62.89M	61.45M	59.81M	58.64M
Normalized Net Operating Profit after Tax (NOPAT)	8.63	10	10	12	6.61	8.74	17	4.52	11	12	15
Normalized NOPAT Margin	5.13%	5.75%	5.82%	6.76%	3.69%	4.86%	9.44%	2.53%	6.00%	6.62%	8.27%
Pre Tax Income Margin	0.62%	1.51%	1.05%	0.46%	9.17%	13.66%	11.14%	-0.69%	5.58%	5.89%	8.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.13	1.34	1.23	1.10	3.02	4.06	3.60	0.84	2.30	2.40	3.00
NOPAT to Interest Expense	135.54	3.13	7.99	1.46	0.81	1.09	2.20	0.59	1.40	1.58	1.45
EBIT Less CapEx to Interest Expense	0.49	0.70	0.59	0.38	2.25	3.24	2.88	0.08	1.25	1.59	2.21
NOPAT Less CapEx to Interest Expense	134.90	2.49	7.34	0.74	0.04	0.27	1.48	-0.17	0.35	0.76	0.66
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	38.15%	26.89%	26.42%	30.90%	113.99%	111.30%	102.06%	135.76%	193.72%	259.80%	433.41%

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).

05/14/26 05:07 PM 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 fiscal year ends in December. Their fiscal 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. Check out Cars.com's forecast to explore projected trends and price targets.

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%.

Related Companies

Financial statements for NYSE:CARS last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cars.com (CARS) Financials

Financials Breakdown Chart

Key Financial Trends

Cars.com Financials - Frequently Asked Questions

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Cars.com (CARS) Financials

Annual Income Statements for Cars.com

Quarterly Income Statements for Cars.com

Annual Cash Flow Statements for Cars.com

Quarterly Cash Flow Statements for Cars.com

Annual Balance Sheets for Cars.com

Quarterly Balance Sheets for Cars.com

Annual Metrics And Ratios for Cars.com

Quarterly Metrics And Ratios for Cars.com

Financials Breakdown Chart

Key Financial Trends

Cars.com Financials - Frequently Asked Questions

When does Cars.com's financial year end?

How has Cars.com's net income changed over the last 10 years?

What is Cars.com's operating income?

How has Cars.com's revenue changed over the last 10 years?

How much debt does Cars.com have?

How much cash does Cars.com have?

How has Cars.com's book value per share changed over the last 10 years?

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