Penske Automotive Group (PAG) Financials

$162.24 -6.82 (-4.03%)

Closing price 05/15/2026 03:59 PM Eastern

Extended Trading

$162.21 -0.03 (-0.02%)

As of 05/15/2026 04:10 PM Eastern

Annual Income Statements for Penske Automotive Group

This table shows Penske Automotive Group'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	326	343	613	471	436	544	1,188	1,380	1,109	969	935
Consolidated Net Income / (Loss)	330	346	613	470	435	545	1,193	1,386	1,114	973	938
Net Income / (Loss) Continuing Operations	334	347	613	470	435	545	1,191	1,386	1,114	973	938
Total Pre-Tax Income	492	508	548	604	592	708	1,608	1,859	1,475	1,290	1,264
Total Operating Income	567	575	611	665	653	705	1,356	1,488	1,409	1,370	1,281
Total Gross Profit	2,868	2,967	3,223	3,415	3,456	3,185	4,441	4,839	5,147	5,217	5,217
Total Revenue	19,285	20,119	21,387	22,785	23,179	20,444	25,555	27,815	30,917	31,865	31,809
Operating Revenue	19,285	20,119	21,387	22,785	23,179	20,444	25,555	27,815	30,917	31,865	31,809
Total Cost of Revenue	16,417	17,152	18,164	19,370	19,724	17,259	21,114	22,976	25,769	26,648	26,592
Operating Cost of Revenue	16,417	17,152	18,164	19,370	19,724	17,259	21,114	22,976	25,769	26,648	26,592
Total Operating Expenses	2,301	2,392	2,611	2,750	2,803	2,480	3,084	3,351	3,738	3,847	3,936
Selling, General & Admin Expense	2,223	2,302	2,516	2,646	2,693	2,365	2,963	3,224	3,554	3,686	3,764
Depreciation Expense	78	90	95	104	110	116	122	127	144	161	172
Impairment Charge	-	-	-	-	-	-	0.00	0.00	41	0.00	0.00
Total Other Income / (Expense), net	-75	-67	-63	-61	-61	3.10	251	371	66	-80	-17
Interest Expense	114	136	171	196	209	166	112	123	228	281	262
Interest & Investment Income	39	70	108	135	148	169	363	494	294	201	193
Other Income / (Expense), net	-	-	-	-	-	-	-	-	0.00	0.00	52
Income Tax Expense	158	161	-65	134	157	163	416	473	361	317	326
Net Income / (Loss) Attributable to Noncontrolling Interest	4.30	3.50	-0.50	-0.70	-0.70	1.70	4.90	6.20	5.40	4.50	2.50
Basic Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$16.31	$14.49	$14.13
Weighted Average Basic Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M	66.20M
Diluted Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$16.31	$14.49	$14.13
Weighted Average Diluted Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M	66.20M
Weighted Average Basic & Diluted Shares Outstanding	89.80M	85.90M	85.90M	85.20M	81.36M	80.39M	77.33M	69.07M	66.99M	66.75M	65.76M
Cash Dividends to Common per Share	$0.94	$1.10	$1.26	$1.42	$1.58	$0.84	$1.78	$2.07	$2.78	$4.09	$5.18

This table shows Penske Automotive Group'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	263	191	215	241	226	236	258	250	213	228	235
Consolidated Net Income / (Loss)	264	192	216	243	227	237	258	251	214	229	235
Net Income / (Loss) Continuing Operations	264	192	216	243	227	237	258	251	214	229	235
Total Pre-Tax Income	357	256	295	326	304	315	351	337	292	298	324
Total Operating Income	332	266	328	338	317	334	329	348	299	318	289
Total Gross Profit	1,220	1,188	1,245	1,264	1,243	1,261	1,321	1,297	1,249	1,402	1,299
Total Revenue	7,448	7,272	7,448	7,697	7,591	7,720	7,954	7,662	7,695	8,846	7,864
Operating Revenue	7,448	7,272	7,448	7,697	7,591	7,720	7,954	7,662	7,695	8,846	7,864
Total Cost of Revenue	6,227	6,084	6,203	6,433	6,348	6,459	6,632	6,366	6,446	7,444	6,564
Operating Cost of Revenue	6,227	6,084	6,203	6,433	6,348	6,459	6,632	6,366	6,446	7,444	6,564
Total Operating Expenses	889	922	918	926	926	927	992	948	950	1,084	1,010
Selling, General & Admin Expense	854	844	880	888	885	886	951	906	908	1,037	966
Depreciation Expense	35	38	38	39	41	41	41	42	43	47	45
Total Other Income / (Expense), net	25	-9.90	-33	-13	-13	-19	21	-11	-6.50	-21	35
Interest Expense	60	62	66	67	74	71	65	65	65	68	67
Interest & Investment Income	85	52	33	54	61	53	33	54	58	48	41
Other Income / (Expense), net	-	-	0.00	0.00	0.00	-	52	0.00	0.00	-	60
Income Tax Expense	92	64	79	83	77	78	92	86	79	69	89
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	1.30	1.00	1.70	0.90	0.90	0.70	0.90	0.50	0.40	0.40
Basic Earnings per Share	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53	$3.86	$3.78	$3.23	$3.46	$3.56
Weighted Average Basic Shares Outstanding	67.25M	67.96M	67.06M	66.88M	66.77M	66.88M	66.77M	66.17M	66.02M	66.20M	65.78M
Diluted Earnings per Share	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53	$3.86	$3.78	$3.23	$3.46	$3.56
Weighted Average Diluted Shares Outstanding	67.27M	67.96M	67.08M	66.90M	66.78M	66.88M	66.79M	66.19M	66.03M	66.20M	65.79M
Weighted Average Basic & Diluted Shares Outstanding	67.21M	66.99M	66.88M	66.77M	66.77M	66.75M	66.17M	66.04M	65.86M	65.76M	65.75M
Cash Dividends to Common per Share	$0.72	$0.79	$0.87	$0.96	$1.07	$1.19	$1.22	$1.26	$1.32	$1.38	$1.40

This table details how cash moves in and out of Penske Automotive Group'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	26	-38	22	-6.30	-11	11	51	5.80	-11	-19	-19
Net Cash From Operating Activities	398	371	623	614	518	1,202	1,292	1,459	1,145	1,231	975
Net Cash From Continuing Operating Activities	398	371	623	614	518	1,202	1,292	1,459	1,145	1,231	975
Net Income / (Loss) Continuing Operations	334	347	613	470	435	545	1,191	1,386	1,114	973	938
Consolidated Net Income / (Loss)	330	346	613	470	435	545	1,193	1,386	1,114	973	938
Depreciation Expense	78	90	95	104	110	116	122	127	144	161	172
Non-Cash Adjustments To Reconcile Net Income	-28	-50	-69	-89	-95	-106	-207	-157	-106	-99	-142
Changes in Operating Assets and Liabilities, net	14	-16	-16	130	69	648	186	102	-6.90	194	7.20
Net Cash From Investing Activities	-352	-837	-929	-525	-533	-137	-623	-642	-583	-1,046	-175
Net Cash From Continuing Investing Activities	-352	-837	-929	-525	-533	-137	-623	-642	-583	-1,046	-175
Purchase of Property, Plant & Equipment	-200	-203	-247	-306	-245	-186	-249	-283	-386	-378	-325
Acquisitions	-157	-639	-689	-309	-327	0.00	-432	-393	-215	-786	-22
Sale of Property, Plant & Equipment	-	-	-	5.10	8.60	20	55	32	31	26	28
Divestitures	-	4.20	25	85	23	41	4.30	13	0.00	103	136
Other Investing Activities, net	4.70	1.50	-40	-0.10	8.10	-11	-1.60	-11	-13	-11	7.70
Net Cash From Financing Activities	-56	433	323	-94	2.60	-1,054	-616	-798	-572	-202	-826
Net Cash From Continuing Financing Activities	-56	433	323	-94	2.60	-1,054	-616	-798	-572	-202	-826
Repayment of Debt	-1,436	-1,419	-2,118	-1,792	-1,505	-3,042	-2,574	-1,858	-3,157	-4,082	-5,662
Repurchase of Common Equity	-49	-174	-19	-69	-169	-29	-281	-869	-359	-59	-159
Payment of Dividends	-85	-95	-108	-121	-131	-68	-143	-154	-244	-328	-396
Issuance of Debt	1,575	2,120	2,567	1,888	1,808	2,117	2,395	2,101	3,210	4,286	5,778
Other Financing Activities, net	-61	-	-	0.00	0.00	-32	-13	-17	-24	-19	-387
Effect of Exchange Rate Changes	-1.40	-9.10	2.10	-1.50	0.20	-	-3.50	-14	-0.30	-2.10	6.50
Cash Interest Paid	110	130	163	190	205	169	95	113	216	275	274
Cash Income Taxes Paid	115	49	-30	40	92	18	160	343	288	317	272

This table details how cash moves in and out of Penske Automotive Group'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	-15	-8.00	21	-1.80	-23	-20	40	37	-75	-27	19
Net Cash From Operating Activities	418	71	456	235	271	218	291	190	380	123	215
Net Cash From Continuing Operating Activities	418	71	456	235	271	218	291	190	380	123	215
Net Income / (Loss) Continuing Operations	264	192	216	243	227	237	258	251	214	229	235
Consolidated Net Income / (Loss)	264	192	216	243	227	237	258	251	214	229	235
Depreciation Expense	35	38	38	39	41	41	41	42	43	47	45
Non-Cash Adjustments To Reconcile Net Income	-48	59	-26	-38	-34	6.80	-78	-28	-24	-12	-93
Changes in Operating Assets and Liabilities, net	166	-217	228	-8.60	38	-67	70	-75	147	-140	28
Net Cash From Investing Activities	-200	-111	-352	-299	-232	-154	-4.60	-38	-81	-59	-634
Net Cash From Continuing Investing Activities	-200	-111	-352	-299	-232	-154	-4.60	-38	-81	-59	-634
Purchase of Property, Plant & Equipment	-87	-103	-103	-99	-81	-86	-85	-71	-79	-98	-63
Acquisitions	-131	-3.60	-244	-197	-197	-149	0.00	-	-22	-	-670
Sale of Property, Plant & Equipment	21	-	0.00	-	19	7.00	4.00	17	5.30	1.70	21
Divestitures	-	-	0.00	-	-	75	78	17	0.90	40	77
Other Investing Activities, net	-3.70	-3.80	-6.30	-2.50	-2.10	-0.20	-1.70	-1.50	13	-2.10	0.40
Net Cash From Financing Activities	-231	30	-82	62	-64	-81	-248	-120	-373	-91	439
Net Cash From Continuing Financing Activities	-231	30	-82	62	-64	-81	-248	-120	-373	-91	439
Repayment of Debt	-1,037	-874	-659	-991	-1,341	-1,107	-1,191	-1,247	-2,194	-1,003	-1,230
Repurchase of Common Equity	-13	-18	-33	-25	-	-0.60	-40	-71	-7.80	-40	-26
Payment of Dividends	-49	-53	-59	-64	-72	-96	-89	-84	-87	-144	-93
Issuance of Debt	869	975	669	1,161	1,349	1,123	1,071	1,305	1,916	1,459	1,787
Other Financing Activities, net	-1.00	-0.10	0.00	-	-0.10	-0.40	-0.10	-22	-0.50	-364	-0.10
Effect of Exchange Rate Changes	-1.30	1.40	-1.00	-	1.60	-2.70	1.50	5.10	0.10	-0.20	-0.20
Cash Interest Paid	43	58	69	59	74	71	70	62	66	76	64
Cash Income Taxes Paid	50	26	23	139	95	61	24	158	36	54	17

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

Metric	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	8,013	1,735	2,180	10,905	13,943	13,247	13,465	14,115	15,672	17,121	17,598
Total Current Assets	4,407	24	46	5,095	5,334	4,409	4,075	4,664	5,680	6,046	6,193
Cash & Equivalents	62	24	46	39	28	50	101	107	96	84	65
Accounts Receivable	782	-	-	929	960	807	734	907	1,115	1,037	1,070
Inventories, net	3,464	-	-	4,040	4,261	3,426	3,129	3,509	4,293	4,711	4,815
Other Current Assets	86	-	-	87	85	127	112	142	176	215	243
Plant, Property, & Equipment, net	1,520	0.00	0.00	2,250	2,366	2,404	2,442	2,497	2,765	3,038	3,225
Total Noncurrent Assets	2,087	1,711	2,135	3,559	6,242	6,434	6,947	6,954	7,227	8,037	8,181
Long-Term Investments	336	-	-	1,305	1,399	1,500	1,688	1,637	1,775	1,827	1,924
Goodwill	1,323	1,291	1,661	1,752	1,911	1,928	2,124	2,155	2,235	2,376	2,436
Intangible Assets	408	420	474	486	552	563	642	691	748	1,141	1,164
Other Noncurrent Operating Assets	19	-	-	16	2,380	2,442	2,493	2,471	2,469	2,693	2,657
Total Liabilities & Shareholders' Equity	8,013	0.00	0.00	10,905	13,943	13,247	13,465	14,115	15,672	17,121	17,598
Total Liabilities	6,179	0.00	0.00	8,270	11,131	9,921	9,370	9,940	10,916	11,702	12,017
Total Current Liabilities	4,286	0.00	0.00	5,048	5,451	4,675	4,275	4,713	5,658	6,581	6,279
Short-Term Debt	3,408	-	-	3,883	4,110	3,232	2,637	3,072	3,981	4,804	4,449
Accounts Payable	494	-	-	598	639	675	767	854	867	859	900
Accrued Expenses	378	-	-	567	702	767	870	788	810	917	930
Total Noncurrent Liabilities	1,893	0.00	0.00	3,222	5,680	5,246	5,095	5,227	5,258	5,122	5,738
Long-Term Debt	1,247	-	-	2,125	2,257	1,602	1,392	1,547	1,420	1,131	1,811
Noncurrent Deferred & Payable Income Tax Liabilities	433	-	-	578	678	873	1,060	1,121	1,232	1,231	1,200
Other Noncurrent Operating Liabilities	212	-	-	519	2,745	2,771	2,643	2,559	2,607	2,760	2,727
Commitments & Contingencies	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,835	0.00	0.00	2,635	2,812	3,326	4,095	4,175	4,756	5,419	5,581
Total Preferred & Common Equity	1,790	0.00	0.00	2,609	2,793	3,303	4,070	4,148	4,726	5,401	5,562
Preferred Stock	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,790	0.00	0.00	2,609	2,793	3,303	4,070	4,148	4,726	5,401	5,562
Common Stock	656	-	-	478	320	312	42	0.00	0.00	9.10	0.00
Retained Earnings	1,257	-	-	2,366	2,676	3,151	4,197	4,483	4,990	5,756	5,750
Accumulated Other Comprehensive Income / (Loss)	-123	-	-	-235	-203	-161	-169	-335	-264	-365	-188
Noncontrolling Interest	45	-	-	26	18	24	25	27	29	18	19

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

Metric	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	13,588	14,396	14,797	14,810	16,147	16,634	17,065	16,932	17,393	17,119	18,318
Total Current Assets	4,210	4,823	5,086	4,979	5,811	6,079	6,179	6,054	6,291	6,012	6,319
Cash & Equivalents	92	101	120	104	117	115	92	118	155	80	84
Accounts Receivable	831	920	891	959	1,063	1,041	1,022	1,202	1,043	993	1,084
Inventories, net	3,147	3,630	3,881	3,700	4,424	4,706	4,822	4,500	4,850	4,705	4,892
Other Current Assets	140	172	195	215	207	218	243	233	243	234	259
Plant, Property, & Equipment, net	2,416	2,567	2,625	2,661	2,828	2,914	3,019	3,076	3,174	3,166	3,290
Total Noncurrent Assets	6,962	7,006	7,086	7,170	7,508	7,640	7,867	7,802	7,929	7,941	8,710
Long-Term Investments	1,734	1,720	1,709	1,753	1,806	1,814	1,850	1,857	1,859	1,890	1,963
Goodwill	2,113	2,163	2,209	2,246	2,317	2,356	2,406	2,383	2,432	2,426	2,820
Intangible Assets	681	692	719	737	836	932	1,013	1,006	1,029	1,042	1,295
Other Noncurrent Operating Assets	2,435	2,432	2,449	2,434	2,550	2,538	2,599	2,556	2,609	2,583	2,632
Total Liabilities & Shareholders' Equity	13,588	14,396	14,797	14,810	16,147	16,634	17,065	16,932	17,393	17,119	18,318
Total Liabilities	9,500	10,044	10,387	10,259	11,300	11,647	11,831	11,519	11,762	11,394	12,636
Total Current Liabilities	4,313	4,761	5,069	4,949	5,910	6,173	6,754	6,702	6,993	6,202	6,554
Short-Term Debt	2,672	2,978	3,302	3,213	4,071	4,313	4,920	4,742	5,105	4,274	4,570
Accounts Payable	828	922	944	922	963	943	927	976	883	961	937
Accrued Expenses	813	861	823	814	876	917	908	984	1,005	968	1,046
Total Noncurrent Liabilities	5,187	5,284	5,319	5,310	5,390	5,474	5,077	4,817	4,769	5,191	6,082
Long-Term Debt	1,562	1,620	1,614	1,537	1,462	1,595	1,132	993	907	1,266	2,214
Noncurrent Deferred & Payable Income Tax Liabilities	1,115	1,138	1,157	1,212	1,245	1,229	1,244	1,213	1,203	1,278	1,199
Other Noncurrent Operating Liabilities	2,510	2,526	2,549	2,561	2,683	2,651	2,701	2,611	2,660	2,648	2,670
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	4,088	4,351	4,410	4,551	4,846	4,986	5,234	5,413	5,631	5,725	5,682
Total Preferred & Common Equity	4,064	4,323	4,382	4,523	4,816	4,955	5,203	5,395	5,614	5,707	5,664
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,064	4,323	4,382	4,523	4,816	4,955	5,203	5,395	5,614	5,707	5,664
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	7.00	0.00	0.00	0.00	0.00
Retained Earnings	4,505	4,636	4,658	4,865	5,113	5,254	5,409	5,704	5,786	5,911	5,873
Accumulated Other Comprehensive Income / (Loss)	-441	-313	-276	-342	-297	-300	-212	-310	-172	-204	-210
Noncontrolling Interest	25	28	28	28	30	32	31	18	18	18	19

This table displays calculated financial ratios and metrics derived from Penske Automotive Group'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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	65,858,552.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	65,858,552.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	14.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	385	393	684	517	480	543	1,005	1,109	1,008	981	951
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.62%	9.92%	8.83%	8.03%
Earnings before Interest and Taxes (EBIT)	567	575	611	665	653	705	1,356	1,488	1,352	1,317	1,333
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	645	665	707	769	762	820	1,478	1,615	1,493	1,475	1,505
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-355	4,766	260	-4,647	26	1,684	1,280	395	-227	62	541
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,084	1,711	2,135	7,298	7,752	6,611	6,335	7,050	8,285	9,204	9,852
Increase / (Decrease) in Invested Capital	740	-4,373	423	5,164	454	-1,141	-275	714	1,235	919	410
Book Value per Share	$19.88	$0.00	$0.00	$30.75	$34.46	$41.11	$51.98	$58.17	$70.32	$78.03	$84.46
Tangible Book Value per Share	$0.66	($20.09)	($24.89)	$4.37	$4.07	$10.09	$16.66	$18.27	$25.93	$27.36	$29.80
Total Capital	6,490	0.00	0.00	8,642	9,178	8,160	8,124	8,793	10,156	11,103	11,841
Total Debt	4,655	0.00	0.00	6,008	6,367	4,834	4,029	4,618	5,401	5,876	6,260
Total Long-Term Debt	1,247	0.00	0.00	2,125	2,257	1,602	1,392	1,547	1,420	1,131	1,811
Net Debt	4,256	-24	-46	4,663	4,940	3,284	2,240	2,875	3,529	3,977	4,271
Capital Expenditures (CapEx)	200	203	247	301	237	166	194	250	345	343	297
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,466	0.00	0.00	3,890	3,965	2,916	2,337	2,916	3,907	4,115	4,298
Debt-free Net Working Capital (DFNWC)	3,528	24	46	3,930	3,993	2,966	2,438	3,023	4,003	4,187	4,363
Net Working Capital (NWC)	121	24	46	47	-117	-266	-199	-49	22	-558	-87
Net Nonoperating Expense (NNE)	54	47	71	47	45	-2.79	-188	-277	-51	57	13
Net Nonoperating Obligations (NNO)	4,249	1,711	2,135	4,664	4,940	3,285	2,240	2,875	3,529	3,977	4,271
Total Depreciation and Amortization (D&A)	78	90	95	104	110	116	122	127	141	158	172
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74	$14.13
Adjusted Weighted Average Basic Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M	66.20M
Adjusted Diluted Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74	$14.13
Adjusted Weighted Average Diluted Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M	66.20M
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	89.52M	85.48M	85.79M	84.91M	81.36M	80.39M	77.33M	69.07M	66.99M	66.75M	65.76M
Normalized Net Operating Profit after Tax (NOPAT)	385	393	428	517	480	543	1,005	1,109	1,038	981	951
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Penske Automotive Group'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	-	-	-	-	-	-	-	-	-	65,858,552.00	65,760,087.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	65,858,552.00	65,760,087.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	3.46	3.57
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.62%	3.71%	1.48%	3.06%	1.92%	6.16%	2.10%	-0.45%	1.38%	-	-1.13%
EBITDA Growth	-6.93%	-17.51%	-10.31%	-9.23%	-2.43%	23.57%	11.58%	3.64%	-4.58%	-	-6.65%
EBIT Growth	-8.60%	-20.80%	-12.29%	-11.24%	-4.25%	25.63%	12.27%	3.02%	-5.89%	-	-8.46%
NOPAT Growth	-7.26%	-21.59%	-12.64%	-12.38%	-3.73%	26.01%	-4.56%	2.81%	-7.79%	-	-13.64%
Net Income Growth	-22.58%	-35.85%	-27.84%	-19.73%	-14.15%	23.59%	13.32%	3.29%	-5.95%	-	-9.09%
EPS Growth	-14.97%	-32.71%	-25.52%	-18.14%	-13.52%	23.43%	14.02%	4.71%	-4.72%	-	-7.77%
Operating Cash Flow Growth	26.96%	-71.53%	46.53%	-19.84%	-35.12%	204.90%	-38.00%	-19.31%	40.04%	-	-26.12%
Free Cash Flow Firm Growth	-1.78%	-125.14%	-120.62%	-36.74%	-137.10%	35.55%	55.30%	66.68%	116.14%	-	-119.50%
Invested Capital Growth	14.59%	17.52%	18.63%	19.58%	25.54%	11.09%	8.46%	7.41%	-0.54%	-	13.60%
Revenue Q/Q Growth	-0.28%	-2.36%	2.42%	3.34%	-1.38%	1.70%	-1.49%	0.76%	0.43%	-	-11.11%
EBITDA Q/Q Growth	-11.57%	-17.33%	20.47%	3.07%	-4.94%	4.69%	8.78%	-4.27%	-12.48%	-	7.79%
EBIT Q/Q Growth	-12.95%	-19.85%	23.30%	3.17%	-6.09%	5.17%	10.19%	-5.33%	-14.22%	-	9.77%
NOPAT Q/Q Growth	-14.59%	-18.88%	20.47%	4.98%	-6.16%	6.17%	-8.76%	13.09%	-15.84%	-	-14.22%
Net Income Q/Q Growth	-12.62%	-27.38%	12.60%	12.35%	-6.55%	4.54%	3.24%	2.41%	-14.91%	-	2.80%
EPS Q/Q Growth	-11.11%	-27.04%	12.24%	12.46%	-6.09%	4.13%	3.68%	3.28%	-14.55%	-	2.89%
Operating Cash Flow Q/Q Growth	42.41%	-82.91%	538.66%	-48.44%	15.27%	-19.67%	29.86%	-32.90%	100.05%	-	74.51%
Free Cash Flow Firm Q/Q Growth	21.04%	-47.56%	-5.03%	-11.74%	-36.92%	59.89%	27.16%	16.72%	166.34%	-	-528.81%
Invested Capital Q/Q Growth	-0.70%	11.30%	2.07%	6.00%	4.24%	-1.51%	-0.34%	4.97%	-3.47%	-	5.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.39%	16.34%	16.72%	16.42%	16.38%	16.33%	16.69%	16.92%	16.23%	-	16.52%
EBITDA Margin	4.93%	4.17%	4.91%	4.89%	4.72%	4.86%	5.36%	5.09%	4.44%	-	5.01%
Operating Margin	4.45%	3.65%	4.40%	4.39%	4.18%	4.32%	4.15%	4.54%	3.88%	-	3.68%
EBIT Margin	4.45%	3.65%	4.40%	4.39%	4.18%	4.32%	4.84%	4.54%	3.88%	-	4.44%
Profit (Net Income) Margin	3.55%	2.64%	2.90%	3.16%	2.99%	3.07%	3.22%	3.27%	2.77%	-	2.99%
Tax Burden Percent	74.17%	75.06%	73.34%	74.62%	74.57%	75.29%	72.68%	74.47%	73.07%	-	72.57%
Interest Burden Percent	107.54%	96.27%	89.99%	96.30%	95.90%	94.43%	91.65%	96.75%	97.82%	-	92.64%
Effective Tax Rate	25.83%	24.94%	26.66%	25.38%	25.43%	24.71%	27.32%	25.53%	26.93%	-	27.43%
Return on Invested Capital (ROIC)	13.86%	10.56%	12.27%	11.89%	11.15%	11.34%	10.47%	11.13%	9.34%	-	8.64%
ROIC Less NNEP Spread (ROIC-NNEP)	14.56%	10.33%	11.51%	11.63%	10.87%	10.96%	10.90%	10.92%	9.21%	-	9.23%
Return on Net Nonoperating Assets (RNNOA)	8.93%	7.41%	8.00%	8.74%	7.78%	8.24%	7.83%	8.20%	6.46%	-	7.07%
Return on Equity (ROE)	22.80%	17.97%	20.27%	20.63%	18.93%	19.58%	18.30%	19.33%	15.79%	-	15.70%
Cash Return on Invested Capital (CROIC)	1.66%	-2.96%	-4.55%	-6.44%	-11.58%	0.71%	2.87%	3.35%	10.82%	-	-3.37%
Operating Return on Assets (OROA)	9.17%	7.24%	8.54%	8.35%	7.87%	8.13%	8.95%	8.17%	6.97%	-	8.00%
Return on Assets (ROA)	7.32%	5.23%	5.63%	6.00%	5.63%	5.78%	5.96%	5.89%	4.98%	-	5.38%
Return on Common Equity (ROCE)	22.66%	17.86%	20.14%	20.50%	18.81%	19.49%	18.22%	19.24%	15.72%	-	15.65%
Return on Equity Simple (ROE_SIMPLE)	25.77%	0.00%	20.25%	18.48%	16.88%	0.00%	17.65%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	246	199	240	252	237	251	229	259	218	244	210
NOPAT Margin	3.30%	2.74%	3.23%	3.28%	3.12%	3.26%	3.02%	3.38%	2.84%	-	2.67%
Net Nonoperating Expense Percent (NNEP)	-0.70%	0.23%	0.75%	0.26%	0.28%	0.37%	-0.43%	0.21%	0.12%	-	-0.59%
Return On Investment Capital (ROIC_SIMPLE)	-	1.96%	-	-	-	2.26%	2.06%	2.23%	1.94%	2.06%	1.68%
Cost of Revenue to Revenue	83.61%	83.66%	83.28%	83.58%	83.62%	83.67%	83.31%	83.08%	83.77%	-	83.48%
SG&A Expenses to Revenue	11.46%	11.61%	11.81%	11.53%	11.66%	11.48%	12.01%	11.83%	11.79%	-	12.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	11.94%	12.68%	12.32%	12.03%	12.20%	12.01%	12.54%	12.38%	12.35%	-	12.85%
Earnings before Interest and Taxes (EBIT)	332	266	328	338	317	334	368	348	299	318	349
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	367	303	365	377	358	375	408	390	342	366	394
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	2.22	2.23	2.00	2.08	1.95	1.78	2.03	2.01	-	1.74
Price to Tangible Book Value (P/TBV)	7.13	6.03	6.46	5.94	6.08	5.57	4.79	5.28	5.13	-	6.35
Price to Revenue (P/Rev)	0.38	0.36	0.36	0.33	0.36	0.33	0.31	0.37	0.37	-	0.31
Price to Earnings (P/E)	9.46	9.98	11.08	10.87	12.42	11.08	10.14	11.88	12.17	-	10.78
Dividend Yield	1.57%	1.78%	1.90%	2.26%	2.27%	2.68%	3.08%	2.76%	2.87%	-	3.58%
Earnings Yield	10.57%	10.02%	9.02%	9.20%	8.05%	9.03%	9.86%	8.42%	8.22%	-	9.28%
Enterprise Value to Invested Capital (EV/IC)	1.87	1.70	1.70	1.55	1.60	1.54	1.46	1.60	1.62	-	1.40
Enterprise Value to Revenue (EV/Rev)	0.47	0.48	0.49	0.47	0.50	0.47	0.44	0.50	0.49	-	0.46
Enterprise Value to EBITDA (EV/EBITDA)	8.93	9.43	9.92	9.85	10.68	9.61	9.14	10.40	10.31	-	9.88
Enterprise Value to EBIT (EV/EBIT)	9.78	10.41	11.02	11.02	12.00	10.76	10.26	11.70	11.63	-	11.22
Enterprise Value to NOPAT (EV/NOPAT)	13.07	13.96	14.78	14.83	16.13	14.45	13.82	15.76	15.74	-	15.91
Enterprise Value to Operating Cash Flow (EV/OCF)	10.92	12.87	11.62	11.79	14.50	12.01	13.30	16.01	14.09	-	16.23
Enterprise Value to Free Cash Flow (EV/FCFF)	120.39	0.00	0.00	0.00	0.00	229.44	52.85	49.35	14.95	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	1.14	1.14	1.18	1.16	1.12	1.06	1.07	0.97	-	1.19
Long-Term Debt to Equity	0.34	0.30	0.30	0.32	0.22	0.22	0.18	0.16	0.22	-	0.39
Financial Leverage	0.61	0.72	0.69	0.75	0.72	0.75	0.72	0.75	0.70	-	0.77
Leverage Ratio	3.29	3.34	3.32	3.35	3.26	3.24	3.22	3.20	3.12	-	3.18
Compound Leverage Factor	3.54	3.21	2.99	3.22	3.12	3.06	2.96	3.10	3.05	-	2.94
Debt to Total Capital	51.07%	53.18%	53.31%	54.23%	53.63%	52.92%	51.45%	51.63%	49.18%	-	54.42%
Short-Term Debt to Total Capital	34.54%	39.20%	39.22%	39.59%	43.59%	42.74%	42.54%	43.85%	37.94%	-	36.66%
Long-Term Debt to Total Capital	16.53%	13.98%	14.08%	14.64%	10.03%	10.18%	8.91%	7.79%	11.23%	-	17.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.30%	0.29%	0.29%	0.29%	0.27%	0.16%	0.16%	0.15%	0.16%	-	0.15%
Common Equity to Total Capital	48.63%	46.53%	46.40%	45.48%	46.10%	46.92%	48.39%	48.21%	50.66%	-	45.43%
Debt to EBITDA	3.05	3.62	3.81	4.18	4.31	3.98	3.92	4.07	3.79	-	4.59
Net Debt to EBITDA	1.86	2.36	2.49	2.82	2.93	2.70	2.57	2.70	2.44	-	3.21
Long-Term Debt to EBITDA	0.99	0.95	1.01	1.13	0.81	0.77	0.68	0.61	0.87	-	1.50
Debt to NOPAT	4.47	5.36	5.68	6.30	6.52	5.99	5.92	6.16	5.78	-	7.40
Net Debt to NOPAT	2.72	3.50	3.71	4.24	4.43	4.06	3.88	4.10	3.73	-	5.17
Long-Term Debt to NOPAT	1.45	1.41	1.50	1.70	1.22	1.15	1.02	0.93	1.32	-	2.41
Altman Z-Score	3.15	2.97	2.91	2.81	2.77	2.84	2.81	2.82	2.92	-	2.69
Noncontrolling Interest Sharing Ratio	0.60%	0.63%	0.64%	0.63%	0.60%	0.47%	0.47%	0.47%	0.44%	-	0.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	1.00	0.98	0.98	0.91	0.91	0.90	0.90	0.97	-	0.96
Quick Ratio	0.21	0.21	0.20	0.19	0.16	0.17	0.20	0.17	0.17	-	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-702	-1,036	-1,088	-1,216	-1,664	-668	-486	-405	269	-165	-1,038
Operating Cash Flow to CapEx	634.80%	69.19%	444.88%	237.00%	439.22%	275.22%	389.39%	349.36%	514.23%	-	510.69%
Free Cash Flow to Firm to Interest Expense	-11.70	-16.71	-16.46	-18.28	-22.58	-9.36	-7.60	-6.24	4.14	-	-15.60
Operating Cash Flow to Interest Expense	6.96	1.15	6.90	3.54	3.68	3.05	4.42	2.92	5.85	-	3.23
Operating Cash Flow Less CapEx to Interest Expense	5.87	-0.51	5.35	2.04	2.84	1.94	3.28	2.09	4.71	-	2.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.06	1.98	1.94	1.90	1.88	1.88	1.85	1.80	1.80	-	1.80
Accounts Receivable Turnover	32.70	29.22	29.89	30.93	30.30	28.78	27.04	29.35	30.45	-	27.75
Inventory Turnover	7.11	6.30	6.14	5.81	5.88	5.70	5.73	5.34	5.38	-	5.65
Fixed Asset Turnover	11.53	11.22	10.99	10.78	10.57	10.55	10.37	10.05	9.92	-	9.97
Accounts Payable Turnover	27.81	28.59	26.22	26.44	27.12	29.61	26.38	27.94	27.14	-	27.73
Days Sales Outstanding (DSO)	11.16	12.49	12.21	11.80	12.05	12.68	13.50	12.44	11.99	-	13.15
Days Inventory Outstanding (DIO)	51.34	57.90	59.49	62.82	62.05	64.08	63.68	68.37	67.90	-	64.62
Days Payable Outstanding (DPO)	13.12	12.77	13.92	13.80	13.46	12.33	13.84	13.06	13.45	-	13.16
Cash Conversion Cycle (CCC)	49.38	57.62	57.78	60.82	60.63	64.44	63.35	67.74	66.44	-	64.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,444	8,285	8,457	8,964	9,345	9,204	9,172	9,629	9,294	9,852	10,420
Invested Capital Turnover	4.20	3.85	3.80	3.63	3.57	3.48	3.47	3.29	3.29	-	3.24
Increase / (Decrease) in Invested Capital	948	1,235	1,328	1,468	1,901	919	716	664	-50	410	1,247
Enterprise Value (EV)	13,900	14,072	14,392	13,910	14,986	14,172	13,388	15,383	15,073	-	14,589
Market Capitalization	10,980	10,514	10,751	9,901	10,845	10,178	9,611	11,368	11,486	-	9,832
Book Value per Share	$67.21	$70.32	$71.81	$74.08	$77.93	$78.03	$80.82	$84.84	$86.42	$84.46	$86.13
Tangible Book Value per Share	$22.88	$25.93	$24.80	$24.92	$26.72	$27.36	$30.04	$32.54	$33.91	$29.80	$23.54
Total Capital	9,302	10,156	10,379	10,894	11,286	11,103	11,148	11,643	11,265	11,841	12,466
Total Debt	4,750	5,401	5,533	5,907	6,052	5,876	5,735	6,012	5,540	6,260	6,784
Total Long-Term Debt	1,537	1,420	1,462	1,595	1,132	1,131	993	907	1,266	1,811	2,214
Net Debt	2,893	3,529	3,611	3,978	4,111	3,977	3,760	3,997	3,569	4,271	4,738
Capital Expenditures (CapEx)	66	103	103	99	62	79	73	54	74	96	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,138	3,907	3,855	4,104	4,253	4,115	3,976	4,248	4,004	4,298	4,252
Debt-free Net Working Capital (DFNWC)	3,243	4,003	3,972	4,219	4,345	4,187	4,094	4,403	4,084	4,363	4,335
Net Working Capital (NWC)	30	22	-100	-94	-576	-558	-649	-702	-190	-87	-235
Net Nonoperating Expense (NNE)	-19	7.43	24	9.33	9.69	14	-16	8.42	4.75	16	-25
Net Nonoperating Obligations (NNO)	2,893	3,529	3,611	3,978	4,111	3,977	3,760	3,997	3,569	4,271	4,738
Total Depreciation and Amortization (D&A)	35	38	38	39	41	41	40	42	43	47	45
Debt-free, Cash-free Net Working Capital to Revenue	10.72%	13.23%	13.01%	13.74%	14.17%	13.51%	12.99%	13.89%	13.05%	-	13.40%
Debt-free Net Working Capital to Revenue	11.08%	13.56%	13.40%	14.13%	14.48%	13.75%	13.37%	14.40%	13.31%	-	13.67%
Net Working Capital to Revenue	0.10%	0.07%	-0.34%	-0.31%	-1.92%	-1.83%	-2.12%	-2.30%	-0.62%	-	-0.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53	$3.66	$3.78	$3.23	$3.46	$3.56
Adjusted Weighted Average Basic Shares Outstanding	67.25M	67.96M	67.06M	66.88M	66.77M	66.88M	66.77M	66.17M	66.02M	66.20M	65.78M
Adjusted Diluted Earnings per Share	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53	$3.66	$3.78	$3.23	$3.46	$3.56
Adjusted Weighted Average Diluted Shares Outstanding	67.27M	67.96M	67.08M	66.90M	66.78M	66.88M	66.79M	66.19M	66.03M	66.20M	65.79M
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	67.21M	66.99M	66.88M	66.77M	66.77M	66.75M	66.17M	66.04M	65.86M	65.76M	65.75M
Normalized Net Operating Profit after Tax (NOPAT)	246	199	240	252	237	251	229	259	218	244	210
Normalized NOPAT Margin	3.30%	2.74%	3.23%	3.28%	3.12%	3.26%	3.02%	3.38%	2.84%	-	2.67%
Pre Tax Income Margin	4.79%	3.52%	3.96%	4.23%	4.01%	4.08%	4.43%	4.40%	3.80%	-	4.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.53	4.29	4.96	5.08	4.31	4.68	5.75	5.37	4.60	-	5.25
NOPAT to Interest Expense	4.10	3.22	3.63	3.79	3.21	3.52	3.58	4.00	3.36	-	3.15
EBIT Less CapEx to Interest Expense	4.43	2.62	3.41	3.59	3.47	3.57	4.61	4.53	3.47	-	4.62
NOPAT Less CapEx to Interest Expense	3.00	1.55	2.08	2.30	2.37	2.42	2.45	3.16	2.23	-	2.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.12%	17.86%	21.06%	24.57%	28.24%	31.52%	33.01%	34.73%	36.88%	-	43.76%
Augmented Payout Ratio	68.79%	51.75%	49.92%	34.25%	36.85%	37.88%	39.91%	46.38%	49.51%	-	59.67%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Penske Automotive Group, Inc. (NYSE: PAG) based on the last four years of quarterly cash flow, income statement, and balance sheet data provided. The bullet points are organized to highlight positives first, then neutral observations, and finally potential negatives.

Revenue expanded from about $7.01 billion in 2022 to about $8.85 billion in 2025 (latest Q4), showing a clear top-line uptrend.
Gross profit rose from roughly $1.18 billion in 2022 (Q4) to about $1.40 billion in 2025 (Q4), signaling improving gross margins over time.
Net income attributable to common shareholders grew from about $190 million in 2022 (Q4) to about $228 million in 2025 (Q4), reflecting consistent profitability expansion.
Cash dividends per share generally trended higher across periods, with the latest quarterly payout around $1.38 per share (Q4 2025), signaling ongoing shareholder value return.
Free cash flow remained positive across multiple quarters, illustrating ongoing cash generation after capital expenditures (for example, positive free cash flow in recent periods where operating cash flow exceeded capex).
Operating margin has hovered in the low single digits and showed mild compression in 2025 relative to 2024, indicating some margin pressure alongside the revenue growth.
Cash flow from operations exhibits quarterly variability, with Q4 2025 dipping versus the prior quarter, suggesting seasonality or timing effects in working capital and operating activities.
Capital expenditures for property, plant and equipment rose modestly over time, reflecting ongoing investments in dealership infrastructure and related assets.
Net cash from financing activities is typically negative due to debt repayments, share repurchases, and dividend payments, which reduces cash on hand despite positive operating cash flow.
Total liabilities rose to around $11.4–$11.8 billion by 2025, indicating higher leverage over the period, while equity sits in the $4–5.7 billion range depending on the period, which may affect leverage ratios and balance sheet resilience.

05/17/26 01:04 PM ETAI Generated. May Contain Errors.

Penske Automotive Group Financials - Frequently Asked Questions

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

Penske Automotive Group's net income appears to be on an upward trend, with a most recent value of $937.90 million in 2025, rising from $330.40 million in 2015. The previous period was $973.40 million in 2024. See Penske Automotive Group's forecast for analyst expectations on what's next for the company.

Penske Automotive Group's total operating income in 2025 was $1.28 billion, based on the following breakdown:

Total Gross Profit: $5.22 billion
Total Operating Expenses: $3.94 billion

Over the last 10 years, Penske Automotive Group's total revenue changed from $19.28 billion in 2015 to $31.81 billion in 2025, a change of 64.9%.

Penske Automotive Group's total liabilities were at $12.02 billion at the end of 2025, a 2.7% increase from 2024, and a 94.5% increase since 2015.

In the past 10 years, Penske Automotive Group's cash and equivalents has ranged from $24 million in 2016 to $106.50 million in 2022, and is currently $64.70 million as of their latest financial filing in 2025.

Over the last 10 years, Penske Automotive Group's book value per share changed from 19.88 in 2015 to 84.46 in 2025, a change of 324.9%.

Related Companies

Financial statements for NYSE:PAG last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Penske Automotive Group (PAG) Financials

Financials Breakdown Chart

Key Financial Trends

Penske Automotive Group Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Penske Automotive Group (PAG) Financials

Annual Income Statements for Penske Automotive Group

Quarterly Income Statements for Penske Automotive Group

Annual Cash Flow Statements for Penske Automotive Group

Quarterly Cash Flow Statements for Penske Automotive Group

Annual Balance Sheets for Penske Automotive Group

Quarterly Balance Sheets for Penske Automotive Group

Annual Metrics And Ratios for Penske Automotive Group

Quarterly Metrics And Ratios for Penske Automotive Group

Financials Breakdown Chart

Key Financial Trends

Penske Automotive Group Financials - Frequently Asked Questions

When does Penske Automotive Group's fiscal year end?

How has Penske Automotive Group's net income changed over the last 10 years?

What is Penske Automotive Group's operating income?

How has Penske Automotive Group's revenue changed over the last 10 years?

How much debt does Penske Automotive Group have?

How much cash does Penske Automotive Group have?

How has Penske Automotive Group's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools