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Penske Automotive Group (PAG) Financials

Penske Automotive Group logo
$217.77 -0.23 (-0.11%)
As of 02:31 PM Eastern
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Annual Income Statements for Penske Automotive Group

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

Quarterly Income Statements for Penske Automotive Group

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 191 215 241 226 236 258 267 213 228 235 260
Consolidated Net Income / (Loss)		 192 216 243 227 237 258 268 214 229 235 261
Net Income / (Loss) Continuing Operations		 192 216 243 227 237 258 268 214 229 235 261
Total Pre-Tax Income 		256 295 326 304 315 351 354 292 298 324 354
Total Operating Income		 266 328 338 317 334 329 365 299 318 289 338
Total Gross Profit		 1,188 1,245 1,264 1,243 1,261 1,321 1,352 1,249 1,402 1,299 1,357
Total Revenue		 7,272 7,448 7,697 7,591 7,720 7,954 8,033 7,695 8,846 7,864 8,513
Operating Revenue		 7,272 7,448 7,697 7,591 7,720 7,954 8,033 7,695 8,846 7,864 8,513
Total Cost of Revenue		 6,084 6,203 6,433 6,348 6,459 6,632 6,680 6,446 7,444 6,564 7,156
Operating Cost of Revenue		 6,084 6,203 6,433 6,348 6,459 6,632 6,680 6,446 7,444 6,564 7,156
Total Operating Expenses		 922 918 926 926 927 992 987 950 1,084 1,010 1,019
Selling, General & Admin Expense		 844 880 888 885 886 951 944 908 1,037 966 974
Depreciation Expense		 38 38 39 41 41 41 43 43 47 45 45
Total Other Income / (Expense), net		 -9.90 -33 -13 -13 -19 21 -12 -6.50 -21 35 16
Interest Expense		 62 66 67 74 71 65 65 65 68 67 72
Interest & Investment Income		 52 33 54 61 53 33 54 58 48 41 57
Other Income / (Expense), net		 - 0.00 0.00 0.00 - 52 0.00 0.00 - 60 31
Income Tax Expense		 64 79 83 77 78 92 86 79 69 89 93
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.30 1.00 1.70 0.90 0.90 0.70 0.90 0.50 0.40 0.40 0.80
Basic Earnings per Share		 $2.86 $3.21 $3.61 $3.39 $3.53 $3.86 $4.03 $3.23 $3.46 $3.56 $3.96
Weighted Average Basic Shares Outstanding		 67.96M 67.06M 66.88M 66.77M 66.88M 66.77M 66.17M 66.02M 66.20M 65.78M 65.72M
Diluted Earnings per Share		 $2.86 $3.21 $3.61 $3.39 $3.53 $3.86 $4.03 $3.23 $3.46 $3.56 $3.96
Weighted Average Diluted Shares Outstanding		 67.96M 67.08M 66.90M 66.78M 66.88M 66.79M 66.19M 66.03M 66.20M 65.79M 65.73M
Weighted Average Basic & Diluted Shares Outstanding		 66.99M 66.88M 66.77M 66.77M 66.75M 66.17M 66.04M 65.86M 65.76M 65.75M 65.66M
Cash Dividends to Common per Share		 $0.79 $0.87 $0.96 $1.07 $1.19 $1.22 $1.26 $1.32 $1.38 $1.40 $1.42

Annual Cash Flow Statements for Penske Automotive Group

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

Quarterly Cash Flow Statements for Penske Automotive Group

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -8.00 21 -1.80 -23 -20 40 37 -75 -27 19 -14
Net Cash From Operating Activities		 71 456 235 271 218 291 190 380 123 215 204
Net Cash From Continuing Operating Activities		 71 456 235 271 218 291 190 380 123 215 204
Net Income / (Loss) Continuing Operations		 192 216 243 227 237 258 251 214 229 235 261
Consolidated Net Income / (Loss)		 192 216 243 227 237 258 251 214 229 235 261
Depreciation Expense		 38 38 39 41 41 41 42 43 47 45 45
Non-Cash Adjustments To Reconcile Net Income		 59 -26 -38 -34 6.80 -78 -28 -24 -12 -93 -60
Changes in Operating Assets and Liabilities, net		 -217 228 -8.60 38 -67 70 -75 147 -140 28 -43
Net Cash From Investing Activities		 -111 -352 -299 -232 -154 -4.60 -38 -81 -59 -634 3.30
Net Cash From Continuing Investing Activities		 -111 -352 -299 -232 -154 -4.60 -38 -81 -59 -634 3.30
Purchase of Property, Plant & Equipment		 -103 -103 -99 -81 -86 -85 -71 -79 -98 -63 -72
Sale of Property, Plant & Equipment		 - 0.00 - 19 7.00 4.00 17 5.30 1.70 21 3.70
Divestitures		 - 0.00 - - 75 78 17 0.90 40 77 74
Other Investing Activities, net		 -3.80 -6.30 -2.50 -2.10 -0.20 -1.70 -1.50 13 -2.10 0.40 -1.80
Net Cash From Financing Activities		 30 -82 62 -64 -81 -248 -120 -373 -91 439 -221
Net Cash From Continuing Financing Activities		 30 -82 62 -64 -81 -248 -120 -373 -91 439 -221
Repayment of Debt		 -874 -659 -991 -1,341 -1,107 -1,191 -1,247 -2,194 -1,003 -1,230 -1,090
Payment of Dividends		 -53 -59 -64 -72 -96 -89 -84 -87 -144 -93 -94
Issuance of Debt		 975 669 1,161 1,349 1,123 1,071 1,305 1,916 1,459 1,787 978
Other Financing Activities, net		 -0.10 0.00 - -0.10 -0.40 -0.10 -22 -0.50 -364 -0.10 -16
Effect of Exchange Rate Changes		 1.40 -1.00 - 1.60 -2.70 1.50 5.10 0.10 -0.20 -0.20 -0.40
Cash Interest Paid		 58 69 59 74 71 70 62 66 76 64 75
Cash Income Taxes Paid		 26 23 139 95 61 24 158 36 54 17 140

Annual Balance Sheets for Penske Automotive Group

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

Quarterly Balance Sheets for Penske Automotive Group

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 14,396 14,797 14,810 16,147 16,634 17,065 16,932 17,393 17,119 18,318 18,485
Total Current Assets		 4,823 5,086 4,979 5,811 6,079 6,179 6,054 6,291 6,012 6,319 6,511
Cash & Equivalents		 101 120 104 117 115 92 118 155 80 84 70
Accounts Receivable		 920 891 959 1,063 1,041 1,022 1,202 1,043 993 1,084 1,062
Inventories, net		 3,630 3,881 3,700 4,424 4,706 4,822 4,500 4,850 4,705 4,892 5,110
Other Current Assets		 172 195 215 207 218 243 233 243 234 259 270
Plant, Property, & Equipment, net		 2,567 2,625 2,661 2,828 2,914 3,019 3,076 3,174 3,166 3,290 3,290
Total Noncurrent Assets		 7,006 7,086 7,170 7,508 7,640 7,867 7,802 7,929 7,941 8,710 8,685
Long-Term Investments		 1,720 1,709 1,753 1,806 1,814 1,850 1,857 1,859 1,890 1,963 1,975
Goodwill		 2,163 2,209 2,246 2,317 2,356 2,406 2,383 2,432 2,426 2,820 2,814
Intangible Assets		 692 719 737 836 932 1,013 1,006 1,029 1,042 1,295 1,294
Other Noncurrent Operating Assets		 2,432 2,449 2,434 2,550 2,538 2,599 2,556 2,609 2,583 2,632 2,602
Total Liabilities & Shareholders' Equity		 14,396 14,797 14,810 16,147 16,634 17,065 16,932 17,393 17,119 18,318 18,485
Total Liabilities		 10,044 10,387 10,259 11,300 11,647 11,831 11,519 11,762 11,394 12,636 12,652
Total Current Liabilities		 4,761 5,069 4,949 5,910 6,173 6,754 6,702 6,993 6,202 6,554 6,675
Short-Term Debt		 2,978 3,302 3,213 4,071 4,313 4,920 4,742 5,105 4,274 4,570 4,742
Accounts Payable		 922 944 922 963 943 927 976 883 961 937 915
Accrued Expenses		 861 823 814 876 917 908 984 1,005 968 1,046 1,017
Total Noncurrent Liabilities		 5,284 5,319 5,310 5,390 5,474 5,077 4,817 4,769 5,191 6,082 5,977
Long-Term Debt		 1,620 1,614 1,537 1,462 1,595 1,132 993 907 1,266 2,214 2,119
Noncurrent Deferred & Payable Income Tax Liabilities		 1,138 1,157 1,212 1,245 1,229 1,244 1,213 1,203 1,278 1,199 1,208
Other Noncurrent Operating Liabilities		 2,526 2,549 2,561 2,683 2,651 2,701 2,611 2,660 2,648 2,670 2,651
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		 4,351 4,410 4,551 4,846 4,986 5,234 5,413 5,631 5,725 5,682 5,833
Total Preferred & Common Equity		 4,323 4,382 4,523 4,816 4,955 5,203 5,395 5,614 5,707 5,664 5,815
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		 4,323 4,382 4,523 4,816 4,955 5,203 5,395 5,614 5,707 5,664 5,815
Common Stock		 0.00 0.00 0.00 0.00 0.00 7.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings		 4,636 4,658 4,865 5,113 5,254 5,409 5,704 5,786 5,911 5,873 6,032
Accumulated Other Comprehensive Income / (Loss)		 -313 -276 -342 -297 -300 -212 -310 -172 -204 -210 -217
Noncontrolling Interest		 28 28 28 30 32 31 18 18 18 19 18

Annual Metrics And Ratios for Penske Automotive Group

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		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Penske Automotive Group

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 65,858,552.00 65,760,087.00 65,749,255.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 65,858,552.00 65,760,087.00 65,749,255.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 3.46 3.57 3.96
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.71% 1.48% 3.06% 1.92% 6.16% 2.10% -0.45% 1.38% - -1.13% 5.98%
EBITDA Growth		 -17.51% -10.31% -9.23% -2.43% 23.57% 11.58% 3.64% -4.58% - -6.65% 1.25%
EBIT Growth		 -20.80% -12.29% -11.24% -4.25% 25.63% 12.27% 3.02% -5.89% - -8.46% 0.77%
NOPAT Growth		 -21.59% -12.64% -12.38% -3.73% 26.01% -4.56% 2.81% -7.79% - -13.64% -9.84%
Net Income Growth		 -35.85% -27.84% -19.73% -14.15% 23.59% 13.32% 3.29% -5.95% - -9.09% -2.36%
EPS Growth		 -32.71% -25.52% -18.14% -13.52% 23.43% 14.02% 4.71% -4.72% - -7.77% -1.74%
Operating Cash Flow Growth		 -71.53% 46.53% -19.84% -35.12% 204.90% -38.00% -19.31% 40.04% - -26.12% -2.44%
Free Cash Flow Firm Growth		 -125.14% -120.62% -36.74% -137.10% 35.55% 55.30% 66.68% 116.14% - -119.50% -99.21%
Invested Capital Growth		 17.52% 18.63% 19.58% 25.54% 11.09% 8.46% 7.41% -0.54% - 13.60% 10.61%
Revenue Q/Q Growth		 -2.36% 2.42% 3.34% -1.38% 1.70% -1.49% 0.76% 0.43% - -11.11% 8.25%
EBITDA Q/Q Growth		 -17.33% 20.47% 3.07% -4.94% 4.69% 8.78% -4.27% -12.48% - 7.79% 4.90%
EBIT Q/Q Growth		 -19.85% 23.30% 3.17% -6.09% 5.17% 10.19% -5.33% -14.22% - 9.77% 5.35%
NOPAT Q/Q Growth		 -18.88% 20.47% 4.98% -6.16% 6.17% -8.76% 13.09% -15.84% - -14.22% 18.84%
Net Income Q/Q Growth		 -27.38% 12.60% 12.35% -6.55% 4.54% 3.24% 2.41% -14.91% - 2.80% 11.20%
EPS Q/Q Growth		 -27.04% 12.24% 12.46% -6.09% 4.13% 3.68% 3.28% -14.55% - 2.89% 11.24%
Operating Cash Flow Q/Q Growth		 -82.91% 538.66% -48.44% 15.27% -19.67% 29.86% -32.90% 100.05% - 74.51% -5.07%
Free Cash Flow Firm Q/Q Growth		 -47.56% -5.03% -11.74% -36.92% 59.89% 27.16% 16.72% 166.34% - -528.81% 25.54%
Invested Capital Q/Q Growth		 11.30% 2.07% 6.00% 4.24% -1.51% -0.34% 4.97% -3.47% - 5.76% 2.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.34% 16.72% 16.42% 16.38% 16.33% 16.69% 16.92% 16.23% - 16.52% 15.94%
EBITDA Margin		 4.17% 4.91% 4.89% 4.72% 4.86% 5.36% 5.09% 4.44% - 5.01% 4.86%
Operating Margin		 3.65% 4.40% 4.39% 4.18% 4.32% 4.15% 4.54% 3.88% - 3.68% 3.97%
EBIT Margin		 3.65% 4.40% 4.39% 4.18% 4.32% 4.84% 4.54% 3.88% - 4.44% 4.32%
Profit (Net Income) Margin		 2.64% 2.90% 3.16% 2.99% 3.07% 3.22% 3.27% 2.77% - 2.99% 3.07%
Tax Burden Percent		 75.06% 73.34% 74.62% 74.57% 75.29% 72.68% 74.47% 73.07% - 72.57% 73.83%
Interest Burden Percent		 96.27% 89.99% 96.30% 95.90% 94.43% 91.65% 96.75% 97.82% - 92.64% 96.12%
Effective Tax Rate		 24.94% 26.66% 25.38% 25.43% 24.71% 27.32% 25.53% 26.93% - 27.43% 26.17%
Return on Invested Capital (ROIC)		 10.56% 12.27% 11.89% 11.15% 11.34% 10.47% 11.13% 9.34% - 8.64% 9.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.33% 11.51% 11.63% 10.87% 10.96% 10.90% 10.92% 9.21% - 9.23% 9.57%
Return on Net Nonoperating Assets (RNNOA)		 7.41% 8.00% 8.74% 7.78% 8.24% 7.83% 8.20% 6.46% - 7.07% 7.36%
Return on Equity (ROE)		 17.97% 20.27% 20.63% 18.93% 19.58% 18.30% 19.33% 15.79% - 15.70% 16.65%
Cash Return on Invested Capital (CROIC)		 -2.96% -4.55% -6.44% -11.58% 0.71% 2.87% 3.35% 10.82% - -3.37% -1.30%
Operating Return on Assets (OROA)		 7.24% 8.54% 8.35% 7.87% 8.13% 8.95% 8.17% 6.97% - 8.00% 7.76%
Return on Assets (ROA)		 5.23% 5.63% 6.00% 5.63% 5.78% 5.96% 5.89% 4.98% - 5.38% 5.51%
Return on Common Equity (ROCE)		 17.86% 20.14% 20.50% 18.81% 19.49% 18.22% 19.24% 15.72% - 15.65% 16.60%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 20.25% 18.48% 16.88% 0.00% 17.65% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 199 240 252 237 251 229 259 218 244 210 249
NOPAT Margin		 2.74% 3.23% 3.28% 3.12% 3.26% 3.02% 3.38% 2.84% - 2.67% 2.93%
Net Nonoperating Expense Percent (NNEP)		 0.23% 0.75% 0.26% 0.28% 0.37% -0.43% 0.21% 0.12% - -0.59% -0.27%
Return On Investment Capital (ROIC_SIMPLE)		 1.96% - - - 2.26% 2.06% 2.23% 1.94% 2.06% 1.68% 1.96%
Cost of Revenue to Revenue		 83.66% 83.28% 83.58% 83.62% 83.67% 83.31% 83.08% 83.77% - 83.48% 84.06%
SG&A Expenses to Revenue		 11.61% 11.81% 11.53% 11.66% 11.48% 12.01% 11.83% 11.79% - 12.28% 11.44%
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		 12.68% 12.32% 12.03% 12.20% 12.01% 12.54% 12.38% 12.35% - 12.85% 11.98%
Earnings before Interest and Taxes (EBIT)		 266 328 338 317 334 368 348 299 318 349 368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 303 365 377 358 375 408 390 342 366 394 414
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.22 2.23 2.00 2.08 1.95 1.78 2.03 2.01 - 1.74 2.02
Price to Tangible Book Value (P/TBV)		 6.03 6.46 5.94 6.08 5.57 4.79 5.28 5.13 - 6.35 6.89
Price to Revenue (P/Rev)		 0.36 0.36 0.33 0.36 0.33 0.31 0.37 0.37 - 0.31 0.37
Price to Earnings (P/E)		 9.98 11.08 10.87 12.42 11.08 10.14 11.88 12.17 - 10.78 12.99
Dividend Yield		 1.78% 1.90% 2.26% 2.27% 2.68% 3.08% 2.76% 2.87% - 3.58% 3.08%
Earnings Yield		 10.02% 9.02% 9.20% 8.05% 9.03% 9.86% 8.42% 8.22% - 9.28% 7.70%
Enterprise Value to Invested Capital (EV/IC)		 1.70 1.70 1.55 1.60 1.54 1.46 1.60 1.62 - 1.40 1.56
Enterprise Value to Revenue (EV/Rev)		 0.48 0.49 0.47 0.50 0.47 0.44 0.50 0.49 - 0.46 0.52
Enterprise Value to EBITDA (EV/EBITDA)		 9.43 9.92 9.85 10.68 9.61 9.14 10.40 10.31 - 9.88 11.20
Enterprise Value to EBIT (EV/EBIT)		 10.41 11.02 11.02 12.00 10.76 10.26 11.70 11.63 - 11.22 12.74
Enterprise Value to NOPAT (EV/NOPAT)		 13.96 14.78 14.83 16.13 14.45 13.82 15.76 15.74 - 15.91 18.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.87 11.62 11.79 14.50 12.01 13.30 16.01 14.09 - 16.23 18.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 229.44 52.85 49.35 14.95 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.14 1.14 1.18 1.16 1.12 1.06 1.07 0.97 - 1.19 1.18
Long-Term Debt to Equity		 0.30 0.30 0.32 0.22 0.22 0.18 0.16 0.22 - 0.39 0.36
Financial Leverage		 0.72 0.69 0.75 0.72 0.75 0.72 0.75 0.70 - 0.77 0.77
Leverage Ratio		 3.34 3.32 3.35 3.26 3.24 3.22 3.20 3.12 - 3.18 3.13
Compound Leverage Factor		 3.21 2.99 3.22 3.12 3.06 2.96 3.10 3.05 - 2.94 3.01
Debt to Total Capital		 53.18% 53.31% 54.23% 53.63% 52.92% 51.45% 51.63% 49.18% - 54.42% 54.05%
Short-Term Debt to Total Capital		 39.20% 39.22% 39.59% 43.59% 42.74% 42.54% 43.85% 37.94% - 36.66% 37.36%
Long-Term Debt to Total Capital		 13.98% 14.08% 14.64% 10.03% 10.18% 8.91% 7.79% 11.23% - 17.76% 16.69%
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		 0.29% 0.29% 0.29% 0.27% 0.16% 0.16% 0.15% 0.16% - 0.15% 0.14%
Common Equity to Total Capital		 46.53% 46.40% 45.48% 46.10% 46.92% 48.39% 48.21% 50.66% - 45.43% 45.81%
Debt to EBITDA		 3.62 3.81 4.18 4.31 3.98 3.92 4.07 3.79 - 4.59 4.63
Net Debt to EBITDA		 2.36 2.49 2.82 2.93 2.70 2.57 2.70 2.44 - 3.21 3.25
Long-Term Debt to EBITDA		 0.95 1.01 1.13 0.81 0.77 0.68 0.61 0.87 - 1.50 1.43
Debt to NOPAT		 5.36 5.68 6.30 6.52 5.99 5.92 6.16 5.78 - 7.40 7.71
Net Debt to NOPAT		 3.50 3.71 4.24 4.43 4.06 3.88 4.10 3.73 - 5.17 5.41
Long-Term Debt to NOPAT		 1.41 1.50 1.70 1.22 1.15 1.02 0.93 1.32 - 2.41 2.38
Altman Z-Score		 2.97 2.91 2.81 2.77 2.84 2.81 2.82 2.92 - 2.69 2.81
Noncontrolling Interest Sharing Ratio		 0.63% 0.64% 0.63% 0.60% 0.47% 0.47% 0.47% 0.44% - 0.33% 0.31%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.00 0.98 0.98 0.91 0.91 0.90 0.90 0.97 - 0.96 0.98
Quick Ratio		 0.21 0.20 0.19 0.16 0.17 0.20 0.17 0.17 - 0.18 0.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,036 -1,088 -1,216 -1,664 -668 -486 -405 269 -165 -1,038 -773
Operating Cash Flow to CapEx		 69.19% 444.88% 237.00% 439.22% 275.22% 389.39% 349.36% 514.23% - 510.69% 297.52%
Free Cash Flow to Firm to Interest Expense		 -16.71 -16.46 -18.28 -22.58 -9.36 -7.60 -6.24 4.14 - -15.60 -10.79
Operating Cash Flow to Interest Expense		 1.15 6.90 3.54 3.68 3.05 4.42 2.92 5.85 - 3.23 2.85
Operating Cash Flow Less CapEx to Interest Expense		 -0.51 5.35 2.04 2.84 1.94 3.28 2.09 4.71 - 2.60 1.89
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.98 1.94 1.90 1.88 1.88 1.85 1.80 1.80 - 1.80 1.79
Accounts Receivable Turnover		 29.22 29.89 30.93 30.30 28.78 27.04 29.35 30.45 - 27.75 30.59
Inventory Turnover		 6.30 6.14 5.81 5.88 5.70 5.73 5.34 5.38 - 5.65 5.42
Fixed Asset Turnover		 11.22 10.99 10.78 10.57 10.55 10.37 10.05 9.92 - 9.97 9.96
Accounts Payable Turnover		 28.59 26.22 26.44 27.12 29.61 26.38 27.94 27.14 - 27.73 30.04
Days Sales Outstanding (DSO)		 12.49 12.21 11.80 12.05 12.68 13.50 12.44 11.99 - 13.15 11.93
Days Inventory Outstanding (DIO)		 57.90 59.49 62.82 62.05 64.08 63.68 68.37 67.90 - 64.62 67.32
Days Payable Outstanding (DPO)		 12.77 13.92 13.80 13.46 12.33 13.84 13.06 13.45 - 13.16 12.15
Cash Conversion Cycle (CCC)		 57.62 57.78 60.82 60.63 64.44 63.35 67.74 66.44 - 64.61 67.10
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,285 8,457 8,964 9,345 9,204 9,172 9,629 9,294 9,852 10,420 10,651
Invested Capital Turnover		 3.85 3.80 3.63 3.57 3.48 3.47 3.29 3.29 - 3.24 3.18
Increase / (Decrease) in Invested Capital		 1,235 1,328 1,468 1,901 919 716 664 -50 410 1,247 1,022
Enterprise Value (EV)		 14,072 14,392 13,910 14,986 14,172 13,388 15,383 15,073 - 14,589 16,601
Market Capitalization		 10,514 10,751 9,901 10,845 10,178 9,611 11,368 11,486 - 9,832 11,766
Book Value per Share		 $70.32 $71.81 $74.08 $77.93 $78.03 $80.82 $84.84 $86.42 $84.46 $86.13 $88.45
Tangible Book Value per Share		 $25.93 $24.80 $24.92 $26.72 $27.36 $30.04 $32.54 $33.91 $29.80 $23.54 $25.97
Total Capital		 10,156 10,379 10,894 11,286 11,103 11,148 11,643 11,265 11,841 12,466 12,695
Total Debt		 5,401 5,533 5,907 6,052 5,876 5,735 6,012 5,540 6,260 6,784 6,861
Total Long-Term Debt		 1,420 1,462 1,595 1,132 1,131 993 907 1,266 1,811 2,214 2,119
Net Debt		 3,529 3,611 3,978 4,111 3,977 3,760 3,997 3,569 4,271 4,738 4,817
Capital Expenditures (CapEx)		 103 103 99 62 79 73 54 74 96 42 69
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3,907 3,855 4,104 4,253 4,115 3,976 4,248 4,004 4,298 4,252 4,509
Debt-free Net Working Capital (DFNWC)		 4,003 3,972 4,219 4,345 4,187 4,094 4,403 4,084 4,363 4,335 4,579
Net Working Capital (NWC)		 22 -100 -94 -576 -558 -649 -702 -190 -87 -235 -164
Net Nonoperating Expense (NNE)		 7.43 24 9.33 9.69 14 -16 8.42 4.75 16 -25 -12
Net Nonoperating Obligations (NNO)		 3,529 3,611 3,978 4,111 3,977 3,760 3,997 3,569 4,271 4,738 4,817
Total Depreciation and Amortization (D&A)		 38 38 39 41 41 40 42 43 47 45 45
Debt-free, Cash-free Net Working Capital to Revenue		 13.23% 13.01% 13.74% 14.17% 13.51% 12.99% 13.89% 13.05% - 13.40% 14.00%
Debt-free Net Working Capital to Revenue		 13.56% 13.40% 14.13% 14.48% 13.75% 13.37% 14.40% 13.31% - 13.67% 14.22%
Net Working Capital to Revenue		 0.07% -0.34% -0.31% -1.92% -1.83% -2.12% -2.30% -0.62% - -0.74% -0.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.86 $3.21 $3.61 $3.39 $3.53 $3.66 $3.78 $3.23 $3.46 $3.56 $3.96
Adjusted Weighted Average Basic Shares Outstanding		 67.96M 67.06M 66.88M 66.77M 66.88M 66.77M 66.17M 66.02M 66.20M 65.78M 65.72M
Adjusted Diluted Earnings per Share		 $2.86 $3.21 $3.61 $3.39 $3.53 $3.66 $3.78 $3.23 $3.46 $3.56 $3.96
Adjusted Weighted Average Diluted Shares Outstanding		 67.96M 67.08M 66.90M 66.78M 66.88M 66.79M 66.19M 66.03M 66.20M 65.79M 65.73M
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		 66.99M 66.88M 66.77M 66.77M 66.75M 66.17M 66.04M 65.86M 65.76M 65.75M 65.66M
Normalized Net Operating Profit after Tax (NOPAT)		 199 240 252 237 251 229 259 218 244 210 249
Normalized NOPAT Margin		 2.74% 3.23% 3.28% 3.12% 3.26% 3.02% 3.38% 2.84% - 2.67% 2.93%
Pre Tax Income Margin		 3.52% 3.96% 4.23% 4.01% 4.08% 4.43% 4.40% 3.80% - 4.12% 4.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.29 4.96 5.08 4.31 4.68 5.75 5.37 4.60 - 5.25 5.14
NOPAT to Interest Expense		 3.22 3.63 3.79 3.21 3.52 3.58 4.00 3.36 - 3.15 3.48
EBIT Less CapEx to Interest Expense		 2.62 3.41 3.59 3.47 3.57 4.61 4.53 3.47 - 4.62 4.18
NOPAT Less CapEx to Interest Expense		 1.55 2.08 2.30 2.37 2.42 2.45 3.16 2.23 - 2.52 2.52
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 17.86% 21.06% 24.57% 28.24% 31.52% 33.01% 34.73% 36.88% - 43.76% 43.72%
Augmented Payout Ratio		 51.75% 49.92% 34.25% 36.85% 37.88% 39.91% 46.38% 49.51% - 59.67% 51.89%

Financials Breakdown Chart

Key Financial Trends

Penske Automotive Group (NYSE:PAG) delivered another profitable quarter in Q1 2026, with revenue and earnings still at solid levels, but the balance sheet and cash flow show the company is leaning heavily on debt and acquisitions to support growth. Over the last several years, PAG has remained highly cash-generative, but its leverage profile has increased meaningfully, and recent operating cash flow has been more volatile quarter to quarter.

  • Revenue remained strong in Q1 2026 at $7.86 billion, up modestly from $7.72 billion in Q4 2025 and broadly in line with the company’s recent quarterly run rate.
  • Gross profit improved year over year to $1.30 billion in Q1 2026 from $1.25 billion in Q1 2025, showing the business is still generating healthy spread despite cost pressure.
  • Net income attributable to common shareholders rose to $234.5 million in Q1 2026 versus $228.1 million in Q4 2025 and $257.7 million in Q1 2025 restated, confirming continued profitability.
  • Operating cash flow was solid at $215 million in Q1 2026, which suggests the core business still throws off meaningful cash even after working-capital swings.
  • Retained earnings continue to build, reaching $5.87 billion in Q1 2026 from $5.70 billion in Q1 2025, reflecting long-term earnings power.
  • Inventory and receivables growth appears aligned with a larger operating footprint, supporting the company’s expanded revenue base rather than signaling obvious distress.
  • EPS was unchanged at $3.56 in Q1 2026, about flat versus the comparable 2025 quarter, indicating earnings growth is not yet accelerating.
  • Revenue growth has been steady but not spectacular, with Q1 2026 revenue only slightly above Q1 2025 and below the peak levels seen in late 2025.
  • Debt remains very high, with short-term debt of $4.57 billion and long-term debt of $2.21 billion at Q1 2026, compared with much lower long-term debt a year earlier.
  • Leverage increased sharply over the past year, as total liabilities rose to $12.64 billion from $11.52 billion in Q1 2025 while equity only inched up to $5.66 billion.
  • Acquisitions consumed a large amount of cash, including $669.7 million in Q1 2026, which makes cash flow more dependent on financing and integration success.
  • Free cash flow pressure remains a concern, since capital spending, acquisitions, dividends, and debt service together absorbed more cash than operations generated in several recent quarters.
  • Interest expense is still significant, with Q1 2026 interest expense at $66.5 million and cash interest paid at $64 million, reflecting the burden of higher borrowings.

Bottom line: PAG continues to look like a profitable, cash-generating auto retailer, but the bigger story in the latest numbers is balance-sheet risk. Earnings are holding up, yet the company has taken on substantial debt and relies on acquisitions and refinancing activity to keep growing. For investors, that means the stock still has operating momentum, but leverage and integration risk are important factors to watch closely.

08/13/26 02:31 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%.


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Financial statements for NYSE:PAG last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
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