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Aaron's (PRG) Financials

Aaron's logo
$31.34 -0.02 (-0.06%)
Closing price 03:59 PM Eastern
Extended Trading
$31.35 +0.01 (+0.03%)
As of 05:30 PM Eastern
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Annual Income Statements for Aaron's

Annual Income Statements for Aaron's

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

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
196 31 -61 244 99 139 197
Consolidated Net Income / (Loss)
196 31 -61 244 99 139 197
Net Income / (Loss) Continuing Operations
125 -25 234 244 99 139 197
Total Pre-Tax Income
157 28 272 328 148 196 164
Total Operating Income
157 28 272 334 186 226 195
Total Gross Profit
37 2,163 2,485 2,678 2,598 2,408 2,463
Total Revenue
37 2,163 2,485 2,678 2,598 2,408 2,463
Operating Revenue
37 2,163 2,485 2,678 2,598 2,408 2,463
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
-119 2,136 2,213 2,344 2,412 2,183 2,269
Selling, General & Admin Expense
- - 373 397 450 451 469
Depreciation Expense
1,219 1,445 1,691 1,820 1,758 1,576 1,621
Other Operating Expenses / (Income)
-1,339 511 149 127 194 155 178
Impairment Charge
- - 0.00 0.00 10 0.00 0.00
Total Other Income / (Expense), net
0.00 0.00 -0.19 -5.32 -37 -29 -31
Interest & Investment Income
- - - - -37 -29 -31
Income Tax Expense
31 52 38 85 50 57 -34
Basic Earnings per Share
$2.84 $0.47 ($0.91) $3.69 $1.90 $3.02 $4.63
Weighted Average Basic Shares Outstanding
69.13M 67.32M 67.26M 66.03M 51.92M 46.03M 42.58M
Diluted Earnings per Share
$2.78 $0.47 ($0.90) $3.67 $1.90 $2.98 $4.53
Weighted Average Diluted Shares Outstanding
70.60M 67.32M 68.02M 66.42M 52.08M 46.55M 43.55M
Weighted Average Basic & Diluted Shares Outstanding
- - 67.73M 55.16M 48.04M 43.69M 40.82M
Cash Dividends to Common per Share
$0.13 $0.15 $0.17 - - - $0.48

Quarterly Income Statements for Aaron's

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 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
Net Income / (Loss) Attributable to Common Shareholders
36 48 37 35 19 22 34 84 58 35 38
Consolidated Net Income / (Loss)
36 48 37 35 19 22 34 84 58 35 38
Net Income / (Loss) Continuing Operations
36 48 37 35 19 22 34 84 58 35 38
Total Pre-Tax Income
54 68 52 48 29 32 48 42 42 47 53
Total Operating Income
62 76 59 55 35 40 56 49 50 56 61
Total Gross Profit
612 655 593 583 577 642 592 606 623 684 605
Total Revenue
612 655 593 583 577 642 592 606 623 684 605
Operating Revenue
612 655 593 583 577 642 592 606 623 684 605
Total Cost of Revenue
- 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses
550 579 534 528 542 602 536 557 573 628 544
Selling, General & Admin Expense
112 105 108 109 129 127 108 111 123 119 116
Depreciation Expense
399 435 385 382 374 432 385 401 404 460 385
Other Operating Expenses / (Income)
38 38 41 37 39 43 44 45 47 48 43
Total Other Income / (Expense), net
-8.70 -8.49 -7.28 -6.78 -6.86 -8.25 -7.34 -7.38 -8.32 -9.09 -8.15
Interest & Investment Income
- - -7.28 -6.78 - -8.25 -7.34 -7.38 - -9.09 -8.15
Income Tax Expense
18 20 15 13 9.94 9.60 15 -42 -16 13 14
Basic Earnings per Share
$0.69 $1.00 $0.80 $0.77 $0.45 $0.50 $0.79 $1.99 $1.35 $0.85 $0.96
Weighted Average Basic Shares Outstanding
51.92M 47.85M 46.47M 45.52M 46.03M 43.70M 42.96M 42.26M 42.58M 40.84M 40.13M
Diluted Earnings per Share
$0.69 $1.00 $0.79 $0.76 $0.43 $0.49 $0.77 $1.94 $1.33 $0.83 $0.95
Weighted Average Diluted Shares Outstanding
52.08M 48.14M 46.90M 46.13M 46.55M 44.53M 43.72M 43.17M 43.55M 41.85M 40.56M
Weighted Average Basic & Diluted Shares Outstanding
48.04M 46.74M 45.71M 44.72M 43.69M 43.17M 42.32M 41.54M 40.82M 40.35M 39.54M
Cash Dividends to Common per Share
- $0.00 $0.00 $0.00 - $0.12 $0.12 $0.12 - $0.13 $0.13

Annual Cash Flow Statements for Aaron's

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

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-36 42 -21 134 -38 24 -60
Net Cash From Operating Activities
356 317 456 246 242 204 139
Net Cash From Continuing Operating Activities
356 317 456 246 242 204 139
Net Income / (Loss) Continuing Operations
196 31 -61 244 99 139 197
Consolidated Net Income / (Loss)
196 31 -61 244 99 139 197
Depreciation Expense
1,822 2,077 2,257 1,853 1,792 1,608 1,648
Non-Cash Adjustments To Reconcile Net Income
-1,493 -1,505 -1,422 -1,663 -1,256 -1,195 -1,296
Changes in Operating Assets and Liabilities, net
-168 -287 -318 -188 -392 -348 -411
Net Cash From Investing Activities
-263 -106 -115 -82 -54 -39 -79
Net Cash From Continuing Investing Activities
-263 -106 -115 -82 -54 -39 -79
Purchase of Property, Plant & Equipment
-79 -93 -64 -9.56 -9.67 -9.62 -8.32
Sale of Property, Plant & Equipment
9.19 14 7.48 0.08 0.03 0.05 0.13
Other Investing Activities, net
-7.59 -17 -43 -50 -44 -29 -71
Net Cash From Financing Activities
-129 -169 -363 -30 -227 -142 -119
Net Cash From Continuing Financing Activities
-129 -169 -363 -30 -227 -142 -119
Repayment of Debt
-98 -85 -301 -51 -1.60 -0.03 -2.78
Repurchase of Preferred Equity
- 0.00 0.00 -429 -0.27 0.00 0.00
Repurchase of Common Equity
-169 -69 0.00 -142 -224 -140 -139
Payment of Dividends
-6.24 -9.44 -14 - 0.00 0.00 -20
Issuance of Debt
154 0.00 5.63 592 0.00 0.00 50
Other Financing Activities, net
-9.37 -5.29 -54 -0.53 -1.75 -2.27 -7.30
Cash Interest Paid
16 16 10 1.45 36 37 37
Cash Income Taxes Paid
-64 -0.73 29 54 62 100 50

Quarterly Cash Flow Statements for Aaron's

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 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
Net Change in Cash & Equivalents
-90 118 2.99 42 -139 97 -2.69 -28 -126 118 8.73
Net Cash From Operating Activities
-41 157 48 87 -88 136 55 32 -84 210 70
Net Cash From Continuing Operating Activities
-41 157 48 87 -88 136 55 32 -84 210 70
Net Income / (Loss) Continuing Operations
36 48 37 35 19 22 34 84 58 35 38
Consolidated Net Income / (Loss)
36 48 37 35 19 22 34 84 58 35 38
Depreciation Expense
407 443 393 390 382 440 391 407 410 467 391
Non-Cash Adjustments To Reconcile Net Income
-378 -278 -275 -258 -384 -260 -294 -282 -459 -234 -251
Changes in Operating Assets and Liabilities, net
-107 -56 -107 -80 -105 -66 -75 -177 -93 -57 -109
Net Cash From Investing Activities
-14 -0.59 -10 -8.14 -20 -3.60 -14 -18 -44 -4.09 -31
Net Cash From Continuing Investing Activities
-14 -0.59 -10 -8.14 -20 -3.60 -14 -18 -44 -4.09 -31
Purchase of Property, Plant & Equipment
-2.19 -1.68 -2.71 -2.56 -2.66 -2.10 -1.90 -2.04 -2.28 -1.96 -1.93
Other Investing Activities, net
-11 1.08 -7.33 -5.60 -17 -1.52 -12 -16 -41 -2.13 -29
Net Cash From Financing Activities
-36 -39 -35 -37 -31 -35 -44 -42 1.94 -88 -30
Net Cash From Continuing Financing Activities
-36 -39 -35 -37 -31 -35 -44 -42 1.94 -88 -30
Repurchase of Common Equity
-36 -36 -35 -36 -31 -24 -37 -37 -40 -26 -26
Payment of Dividends
- 0.00 - - - -5.22 -5.13 -5.08 -4.97 -5.27 -5.18
Other Financing Activities, net
0.49 -2.39 0.47 -0.64 0.30 -5.07 -2.00 -0.38 0.15 -6.72 0.37
Cash Interest Paid
18 0.27 18 0.24 18 0.22 18 0.23 18 0.51 18
Cash Income Taxes Paid
31 2.53 51 23 24 -3.84 17 19 18 0.30 45

Annual Balance Sheets for Aaron's

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

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
3,298 1,317 1,622 1,492 1,491 1,514
Total Current Assets
170 137 299 264 307 265
Cash & Equivalents
58 37 170 132 155 96
Accounts Receivable
67 61 66 65 68 80
Prepaid Expenses
27 40 48 48 51 78
Current Deferred & Refundable Income Taxes
18 0.00 14 19 33 11
Plant, Property, & Equipment, net
30 0.00 0.00 0.00 24 21
Total Noncurrent Assets
3,098 1,180 1,323 1,228 1,160 1,228
Noncurrent Note & Lease Receivables
727 689 833 779 760 827
Goodwill
289 289 306 296 296 296
Intangible Assets
177 154 137 114 92 74
Noncurrent Deferred & Refundable Income Taxes
- 0.00 2.76 2.96 2.98 26
Other Noncurrent Operating Assets
24 47 43 36 9.27 4.04
Total Liabilities & Shareholders' Equity
3,298 1,317 1,622 1,492 1,491 1,514
Total Liabilities
1,561 331 942 921 900 863
Total Current Liabilities
1,251 125 181 172 187 134
Accounts Payable
59 78 136 135 151 93
Customer Deposits
44 47 45 37 36 41
Total Noncurrent Liabilities
309 206 761 749 713 729
Long-Term Debt
0.00 50 590 591 592 644
Noncurrent Deferred & Payable Income Tax Liabilities
100 127 146 137 105 74
Other Noncurrent Operating Liabilities
209 30 25 21 16 11
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,737 986 679 570 591 650
Total Preferred & Common Equity
1,737 986 679 570 591 650
Total Common Equity
1,737 986 679 570 591 650
Common Stock
336 364 373 380 393 400
Retained Earnings
2,030 1,236 1,056 1,154 1,293 1,469
Other Equity Adjustments
- - -749 -964 -1,095 -1,219

Quarterly Balance Sheets for Aaron's

This table presents Aaron'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
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
Total Assets
1,478 1,491 1,510 1,483 1,489 1,462 1,461 1,446 1,470 1,455
Total Current Assets
264 339 373 375 418 375 372 369 362 367
Cash & Equivalents
127 222 250 253 295 253 250 222 213 222
Accounts Receivable
70 57 56 53 56 62 61 67 67 61
Prepaid Expenses
54 50 54 50 47 49 50 69 73 76
Current Deferred & Refundable Income Taxes
13 11 14 20 21 12 10 11 9.34 8.82
Plant, Property, & Equipment, net
25 25 23 24 24 22 22 21 21 21
Total Noncurrent Assets
1,189 1,128 1,113 1,084 1,047 1,064 1,067 1,056 1,087 1,066
Noncurrent Note & Lease Receivables
739 696 694 672 641 675 683 676 691 675
Goodwill
306 296 296 296 296 296 296 296 296 296
Intangible Assets
126 120 109 103 97 86 82 78 70 66
Noncurrent Deferred & Refundable Income Taxes
2.76 2.76 2.96 2.85 2.85 2.47 2.37 2.37 26 26
Other Noncurrent Operating Assets
16 12 11 11 9.93 4.47 4.12 3.75 3.73 3.35
Total Liabilities & Shareholders' Equity
1,478 1,491 1,510 1,483 1,489 1,462 1,461 1,446 1,470 1,455
Total Liabilities
922 925 925 889 891 877 879 816 815 786
Total Current Liabilities
162 172 187 163 177 173 185 128 147 128
Accounts Payable
126 138 152 131 147 140 150 95 111 93
Customer Deposits
36 34 34 33 31 34 35 33 36 36
Total Noncurrent Liabilities
759 754 738 726 714 703 694 687 668 658
Long-Term Debt
590 591 591 592 592 593 593 593 594 594
Noncurrent Deferred & Payable Income Tax Liabilities
146 141 127 116 105 96 87 82 64 54
Other Noncurrent Operating Liabilities
24 22 20 18 17 15 14 12 10 9.17
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
557 566 585 594 598 585 582 631 654 669
Total Preferred & Common Equity
557 566 585 594 598 585 582 631 654 669
Total Common Equity
557 566 585 594 598 585 582 631 654 669
Common Stock
374 377 378 384 389 388 389 395 386 391
Retained Earnings
1,102 1,118 1,202 1,239 1,274 1,310 1,338 1,417 1,499 1,532
Other Equity Adjustments
- - -996 -1,030 -1,065 -1,112 -1,145 -1,181 -1,231 -1,254

Annual Metrics And Ratios for Aaron's

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

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - -
Revenue Growth
0.00% 5,696.61% 14.86% 7.78% -2.99% -7.30% 2.29%
EBITDA Growth
0.00% 6.38% 20.14% -13.53% -9.58% -7.25% 0.49%
EBIT Growth
0.00% -82.39% 884.19% 22.73% -44.34% 21.54% -13.62%
NOPAT Growth
0.00% -119.64% 1,049.78% 5.87% -50.06% 29.15% 47.18%
Net Income Growth
0.00% -83.96% -295.30% 496.25% -59.47% 40.65% 42.07%
EPS Growth
0.00% -83.96% -291.49% 507.78% -48.23% 56.84% 52.01%
Operating Cash Flow Growth
0.00% -11.03% 43.75% -46.06% -1.42% -15.77% -32.17%
Free Cash Flow Firm Growth
0.00% 0.00% 118.67% -18.40% 30.30% -16.56% -59.65%
Invested Capital Growth
0.00% 0.00% 5.52% 9.95% -6.31% -0.13% 16.53%
Revenue Q/Q Growth
0.00% 0.00% 0.00% -31.46% -1.31% -1.42% 1.90%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% -3.05% -1.87% -2.77% 2.35%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -2.84% 3.14% -10.71% 8.22%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -0.68% 0.76% -10.52% 23.87%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -1.22% -1.73% -11.20% 24.62%
EPS Q/Q Growth
0.00% 0.00% 0.00% -1.61% -4.52% -13.37% 24.79%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -12.02% 23.59% 3.53% -18.91% 2.83%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 4.23% -26.26% -21.42%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 10.15% 10.09% 14.84% 19.54%
Profitability Metrics
- - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
5,302.68% 97.31% 101.79% 81.66% 76.11% 76.15% 74.81%
Operating Margin
420.17% 1.28% 10.94% 12.45% 7.15% 9.37% 7.91%
EBIT Margin
420.17% 1.28% 10.94% 12.45% 7.15% 9.37% 7.91%
Profit (Net Income) Margin
525.78% 1.45% -2.47% 9.10% 3.80% 5.77% 8.01%
Tax Burden Percent
125.13% 113.98% -22.63% 74.21% 66.59% 70.76% 120.56%
Interest Burden Percent
100.00% 100.00% 99.93% 98.40% 79.85% 86.97% 83.95%
Effective Tax Rate
20.09% 189.14% 13.97% 25.79% 33.41% 29.24% -20.56%
Return on Invested Capital (ROIC)
0.00% -5.20% 24.02% 23.59% 11.62% 15.52% 21.11%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -19.40% 100.04% 21.77% 5.95% 10.87% 13.45%
Return on Net Nonoperating Assets (RNNOA)
0.00% 8.82% -28.53% 5.66% 4.18% 8.38% 10.67%
Return on Equity (ROE)
0.00% 3.62% -4.51% 29.25% 15.80% 23.90% 31.77%
Cash Return on Invested Capital (CROIC)
0.00% -205.20% 18.65% 14.12% 18.13% 15.65% 5.84%
Operating Return on Assets (OROA)
0.00% 0.84% 11.78% 22.70% 11.92% 15.13% 12.97%
Return on Assets (ROA)
0.00% 0.95% -2.66% 16.57% 6.34% 9.31% 13.13%
Return on Common Equity (ROCE)
0.00% 3.62% -4.51% 29.25% 15.80% 23.90% 31.77%
Return on Equity Simple (ROE_SIMPLE)
0.00% 1.81% -6.23% 35.85% 17.30% 23.48% 30.33%
Net Operating Profit after Tax (NOPAT)
125 -25 234 248 124 160 235
NOPAT Margin
335.77% -1.14% 9.41% 9.24% 4.76% 6.63% 9.54%
Net Nonoperating Expense Percent (NNEP)
0.00% 14.20% -76.03% 1.83% 5.67% 4.64% 7.66%
Return On Investment Capital (ROIC_SIMPLE)
- - - - 10.64% 13.49% 18.16%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 15.00% 14.84% 17.34% 18.73% 19.04%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
-320.17% 98.72% 89.06% 87.55% 92.85% 90.63% 92.09%
Earnings before Interest and Taxes (EBIT)
157 28 272 334 186 226 195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,979 2,105 2,529 2,187 1,977 1,834 1,843
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
0.00 0.00 4.34 4.33 1.46 2.31 2.70
Price to Tangible Book Value (P/TBV)
0.00 0.00 7.88 12.46 5.22 6.71 6.26
Price to Revenue (P/Rev)
0.00 0.00 1.72 1.10 0.32 0.57 0.71
Price to Earnings (P/E)
0.00 0.00 0.00 12.07 8.46 9.84 8.90
Dividend Yield
0.00% 0.00% 17.96% 0.00% 0.00% 0.00% 1.14%
Earnings Yield
0.00% 0.00% 0.00% 8.29% 11.83% 10.17% 11.24%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 4.29 3.06 1.26 1.75 1.92
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 1.73 1.25 0.50 0.75 0.94
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 1.70 1.54 0.65 0.98 1.25
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 15.79 10.07 6.97 7.99 11.82
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 18.36 13.57 10.47 11.29 9.80
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 9.41 13.65 5.34 8.82 16.63
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 23.65 22.68 6.70 11.19 35.46
Leverage & Solvency
- - - - - - -
Debt to Equity
0.00 0.00 0.05 0.87 1.04 1.00 0.99
Long-Term Debt to Equity
0.00 0.00 0.05 0.87 1.04 1.00 0.99
Financial Leverage
0.00 -0.45 -0.29 0.26 0.70 0.77 0.79
Leverage Ratio
0.00 1.90 1.69 1.76 2.49 2.57 2.42
Compound Leverage Factor
0.00 1.90 1.69 1.74 1.99 2.23 2.03
Debt to Total Capital
0.00% 0.00% 4.83% 46.46% 50.88% 50.04% 49.74%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 4.83% 46.46% 50.88% 50.04% 49.74%
Preferred Equity to Total Capital
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%
Common Equity to Total Capital
0.00% 100.00% 95.17% 53.54% 49.12% 49.96% 50.26%
Debt to EBITDA
0.00 0.00 0.02 0.27 0.30 0.32 0.35
Net Debt to EBITDA
0.00 0.00 0.01 0.19 0.23 0.24 0.30
Long-Term Debt to EBITDA
0.00 0.00 0.02 0.27 0.30 0.32 0.35
Debt to NOPAT
0.00 0.00 0.21 2.38 4.78 3.71 2.74
Net Debt to NOPAT
0.00 0.00 0.06 1.69 3.71 2.74 2.33
Long-Term Debt to NOPAT
0.00 0.00 0.21 2.38 4.78 3.71 2.74
Altman Z-Score
0.00 0.00 11.64 5.20 3.85 4.34 4.73
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
0.00 0.14 1.10 1.65 1.53 1.64 1.97
Quick Ratio
0.00 0.10 0.78 1.31 1.14 1.19 1.31
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -972 181 148 193 161 65
Operating Cash Flow to CapEx
511.81% 402.15% 801.86% 2,595.35% 2,513.52% 2,134.57% 1,692.43%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 970.48 27.82 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 2,438.31 46.21 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 2,134.23 44.43 0.00 0.00 0.00
Efficiency Ratios
- - - - - - -
Asset Turnover
0.00 0.66 1.08 1.82 1.67 1.61 1.64
Accounts Receivable Turnover
0.00 32.25 38.72 42.00 39.72 36.38 33.27
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 71.24 0.00 0.00 0.00 0.00 108.17
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 11.32 9.43 8.69 9.19 10.03 10.97
Days Inventory Outstanding (DIO)
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
Cash Conversion Cycle (CCC)
0.00 11.32 9.43 8.69 9.19 10.03 10.97
Capital & Investment Metrics
- - - - - - -
Invested Capital
0.00 947 999 1,099 1,030 1,028 1,198
Invested Capital Turnover
0.00 4.57 2.55 2.55 2.44 2.34 2.21
Increase / (Decrease) in Invested Capital
0.00 947 52 99 -69 -1.37 170
Enterprise Value (EV)
0.00 0.00 4,291 3,358 1,294 1,802 2,304
Market Capitalization
0.00 0.00 4,278 2,939 835 1,365 1,756
Book Value per Share
$0.00 $25.81 $14.60 $10.39 $11.40 $13.22 $15.65
Tangible Book Value per Share
$0.00 $18.89 $8.04 $3.61 $3.20 $4.55 $6.75
Total Capital
0.00 1,737 1,036 1,269 1,161 1,184 1,294
Total Debt
0.00 0.00 50 590 591 592 644
Total Long-Term Debt
0.00 0.00 50 590 591 592 644
Net Debt
0.00 -58 13 419 459 437 548
Capital Expenditures (CapEx)
70 79 57 9.48 9.65 9.57 8.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -1,139 -24 -52 -40 -35 35
Debt-free Net Working Capital (DFNWC)
0.00 -1,081 13 118 92 120 131
Net Working Capital (NWC)
0.00 -1,081 13 118 92 120 131
Net Nonoperating Expense (NNE)
-71 -56 295 3.95 25 21 38
Net Nonoperating Obligations (NNO)
0.00 -790 13 419 459 437 548
Total Depreciation and Amortization (D&A)
1,822 2,077 2,257 1,853 1,792 1,608 1,648
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -52.66% -0.97% -1.95% -1.55% -1.47% 1.42%
Debt-free Net Working Capital to Revenue
0.00% -49.99% 0.51% 4.40% 3.53% 4.98% 5.30%
Net Working Capital to Revenue
0.00% -49.99% 0.51% 4.40% 3.53% 4.98% 5.30%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.91) $3.69 $1.90 $3.02 $4.63
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 67.26M 66.03M 51.92M 46.03M 42.58M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.90) $3.67 $1.90 $2.98 $4.53
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 68.02M 66.42M 52.08M 46.55M 43.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 67.73M 55.16M 48.04M 43.69M 40.82M
Normalized Net Operating Profit after Tax (NOPAT)
125 145 234 248 130 160 136
Normalized NOPAT Margin
335.77% 6.69% 9.41% 9.24% 5.02% 6.63% 5.54%
Pre Tax Income Margin
420.17% 1.28% 10.93% 12.26% 5.71% 8.15% 6.64%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
0.00 0.00 1,453.28 62.66 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 1,250.20 46.50 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 1,149.20 60.88 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 946.12 44.72 0.00 0.00 0.00
Payout Ratios
- - - - - - -
Dividend Payout Ratio
3.18% 29.99% -22.42% 0.00% 0.00% 0.00% 10.34%
Augmented Payout Ratio
89.18% 250.04% -22.42% 58.45% 226.52% 100.53% 80.63%

Quarterly Metrics And Ratios for Aaron's

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 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
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-5.33% -7.79% -8.71% -6.86% -5.67% -2.03% -0.12% 3.99% 7.95% 6.58% 2.11%
EBITDA Growth
-7.42% -6.39% -6.71% -4.94% -11.11% -7.72% -1.13% 2.67% 10.14% 9.07% 1.08%
EBIT Growth
9.94% 53.80% 60.54% 49.10% -43.35% -47.66% -6.10% -10.30% 41.85% 41.45% 9.06%
NOPAT Growth
3.19% 60.47% 61.12% 85.41% -45.04% -48.76% -8.31% 147.30% 199.37% 49.42% 14.26%
Net Income Growth
-4.59% 77.01% 91.02% 118.76% -48.52% -54.27% -9.25% 139.81% 209.81% 58.05% 13.94%
EPS Growth
21.05% 104.08% 113.51% 137.50% -37.68% -51.00% -2.53% 155.26% 209.30% 69.39% 23.38%
Operating Cash Flow Growth
16.88% 60.14% -16.51% -31.59% -117.12% -13.78% 15.50% -63.42% 4.32% 54.66% 26.17%
Free Cash Flow Firm Growth
289.32% 341.02% 836.04% -4.90% -78.07% -82.51% -64.01% -110.33% -513.89% -336.42% -253.71%
Invested Capital Growth
-6.31% -10.81% -8.56% -4.27% -0.13% -0.15% -0.84% 11.95% 16.53% 11.91% 12.57%
Revenue Q/Q Growth
-2.19% 7.03% -9.51% -1.68% -0.94% 11.17% -7.74% 2.36% 2.83% 9.75% -11.61%
EBITDA Q/Q Growth
0.43% 10.57% -12.98% -1.63% -6.08% 14.78% -6.77% 2.15% 0.76% 13.66% -13.59%
EBIT Q/Q Growth
69.60% 21.86% -22.06% -7.44% -35.56% 12.58% 39.83% -11.58% 1.91% 12.26% 7.82%
NOPAT Q/Q Growth
94.63% 28.95% -21.53% -5.86% -42.31% 20.24% 40.40% 153.92% -30.17% -39.98% 7.36%
Net Income Q/Q Growth
125.46% 33.11% -22.52% -5.93% -46.95% 18.26% 53.76% 148.60% -31.46% -39.67% 10.84%
EPS Q/Q Growth
115.63% 44.93% -21.00% -3.80% -43.42% 13.95% 57.14% 151.95% -31.44% -37.59% 14.46%
Operating Cash Flow Q/Q Growth
-131.92% 487.05% -69.53% 81.73% -201.31% 253.71% -59.19% -42.44% -364.97% 348.47% -66.71%
Free Cash Flow Firm Q/Q Growth
32.50% 49.48% -22.00% -38.44% -69.44% 19.19% 60.51% -117.67% -1,124.48% 31.92% -4.36%
Invested Capital Q/Q Growth
10.09% -10.03% 0.67% -3.98% 14.84% -10.05% -0.02% 8.40% 19.54% -13.62% 0.56%
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
76.76% 79.30% 76.26% 76.30% 72.34% 74.69% 75.48% 75.32% 73.80% 76.44% 74.72%
Operating Margin
10.20% 11.61% 10.00% 9.42% 6.13% 6.20% 9.40% 8.12% 8.05% 8.23% 10.04%
EBIT Margin
10.20% 11.61% 10.00% 9.42% 6.13% 6.20% 9.40% 8.12% 8.05% 8.23% 10.04%
Profit (Net Income) Margin
5.90% 7.33% 6.28% 6.01% 3.22% 3.42% 5.70% 13.85% 9.23% 5.08% 6.36%
Tax Burden Percent
67.16% 71.07% 71.55% 72.78% 65.15% 69.59% 69.87% 200.64% 137.49% 73.51% 73.20%
Interest Burden Percent
86.06% 88.84% 87.72% 87.66% 80.61% 79.28% 86.82% 85.00% 83.42% 83.86% 86.58%
Effective Tax Rate
32.84% 28.93% 28.45% 27.22% 34.85% 30.41% 30.13% -100.64% -37.49% 26.49% 26.80%
Return on Invested Capital (ROIC)
16.72% 21.36% 18.23% 18.29% 9.34% 11.17% 16.94% 41.52% 24.49% 15.47% 18.84%
ROIC Less NNEP Spread (ROIC-NNEP)
15.39% 19.74% 16.93% 16.81% 8.34% 9.48% 15.44% 37.09% 22.17% 13.62% 17.17%
Return on Net Nonoperating Assets (RNNOA)
10.82% 12.12% 11.80% 9.61% 6.43% 5.52% 8.95% 20.18% 17.58% 7.91% 9.82%
Return on Equity (ROE)
27.54% 33.48% 30.02% 27.90% 15.78% 16.69% 25.89% 61.70% 42.07% 23.39% 28.65%
Cash Return on Invested Capital (CROIC)
18.13% 26.11% 25.40% 23.86% 15.65% 14.55% 14.81% 8.71% 5.84% 14.03% 13.94%
Operating Return on Assets (OROA)
17.02% 19.16% 16.79% 15.43% 9.89% 10.00% 15.30% 13.38% 13.20% 14.07% 17.35%
Return on Assets (ROA)
9.84% 12.10% 10.54% 9.85% 5.19% 5.52% 9.28% 22.82% 15.14% 8.68% 11.00%
Return on Common Equity (ROCE)
27.54% 33.48% 30.02% 27.90% 15.78% 16.69% 25.89% 61.70% 42.07% 23.39% 28.65%
Return on Equity Simple (ROE_SIMPLE)
0.00% 20.45% 23.14% 26.14% 0.00% 19.27% 18.79% 25.09% 0.00% 32.09% 32.11%
Net Operating Profit after Tax (NOPAT)
42 54 42 40 23 28 39 99 69 41 44
NOPAT Margin
6.85% 8.25% 7.16% 6.85% 3.99% 4.32% 6.57% 16.30% 11.07% 6.05% 7.35%
Net Nonoperating Expense Percent (NNEP)
1.33% 1.61% 1.30% 1.48% 1.00% 1.69% 1.50% 4.43% 2.32% 1.86% 1.67%
Return On Investment Capital (ROIC_SIMPLE)
3.61% - - - 1.95% 2.35% - - 5.33% 3.32% 3.52%
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
18.36% 16.07% 18.17% 18.73% 22.33% 19.84% 18.22% 18.33% 19.70% 17.44% 19.22%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
89.80% 88.39% 90.00% 90.58% 93.87% 93.80% 90.60% 91.88% 91.95% 91.77% 89.96%
Earnings before Interest and Taxes (EBIT)
62 76 59 55 35 40 56 49 50 56 61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
470 519 452 445 418 479 447 457 460 523 452
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.46 1.95 2.51 2.51 2.31 2.60 2.57 3.25 2.70 1.66 1.77
Price to Tangible Book Value (P/TBV)
5.22 6.32 7.66 7.34 6.71 7.49 7.34 7.99 6.26 3.76 3.86
Price to Revenue (P/Rev)
0.32 0.45 0.60 0.62 0.57 0.63 0.63 0.85 0.71 0.43 0.47
Price to Earnings (P/E)
8.46 9.52 10.85 9.62 9.84 13.48 13.70 12.97 8.90 5.17 5.52
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.69% 0.74% 1.14% 1.84% 1.70%
Earnings Yield
11.83% 10.51% 9.21% 10.40% 10.17% 7.42% 7.30% 7.71% 11.24% 19.34% 18.13%
Enterprise Value to Invested Capital (EV/IC)
1.26 1.60 1.96 2.01 1.75 2.01 1.99 2.42 1.92 1.42 1.50
Enterprise Value to Revenue (EV/Rev)
0.50 0.58 0.74 0.74 0.75 0.78 0.77 1.00 0.94 0.59 0.62
Enterprise Value to EBITDA (EV/EBITDA)
0.65 0.76 0.96 0.95 0.98 1.04 1.03 1.35 1.25 0.78 0.82
Enterprise Value to EBIT (EV/EBIT)
6.97 6.97 7.80 7.13 7.99 9.82 9.91 13.46 11.82 6.94 7.19
Enterprise Value to NOPAT (EV/NOPAT)
10.47 10.26 11.39 10.09 11.29 13.95 14.18 12.78 9.80 5.92 6.15
Enterprise Value to Operating Cash Flow (EV/OCF)
5.34 4.91 6.26 7.15 8.82 10.19 9.69 17.99 16.63 6.89 6.85
Enterprise Value to Free Cash Flow (EV/FCFF)
6.70 5.77 7.38 8.25 11.19 13.81 13.38 29.32 35.46 10.67 11.36
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.04 1.01 1.00 0.99 1.00 1.01 1.02 0.94 0.99 0.91 0.89
Long-Term Debt to Equity
1.04 1.01 1.00 0.99 1.00 1.01 1.02 0.94 0.99 0.91 0.89
Financial Leverage
0.70 0.61 0.70 0.57 0.77 0.58 0.58 0.54 0.79 0.58 0.57
Leverage Ratio
2.49 2.53 2.57 2.56 2.57 2.54 2.50 2.39 2.42 2.37 2.33
Compound Leverage Factor
2.14 2.25 2.26 2.24 2.07 2.01 2.17 2.03 2.02 1.98 2.02
Debt to Total Capital
50.88% 50.28% 49.91% 49.74% 50.04% 50.32% 50.47% 48.47% 49.74% 47.57% 47.05%
Short-Term Debt 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%
Long-Term Debt to Total Capital
50.88% 50.28% 49.91% 49.74% 50.04% 50.32% 50.47% 48.47% 49.74% 47.57% 47.05%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
49.12% 49.72% 50.09% 50.26% 49.96% 49.68% 49.53% 51.53% 50.26% 52.43% 52.95%
Debt to EBITDA
0.30 0.30 0.31 0.31 0.32 0.33 0.33 0.33 0.35 0.31 0.31
Net Debt to EBITDA
0.23 0.18 0.18 0.16 0.24 0.19 0.19 0.21 0.30 0.20 0.20
Long-Term Debt to EBITDA
0.30 0.30 0.31 0.31 0.32 0.33 0.33 0.33 0.35 0.31 0.31
Debt to NOPAT
4.78 4.10 3.68 3.32 3.71 4.45 4.57 3.13 2.74 2.40 2.35
Net Debt to NOPAT
3.71 2.37 2.11 1.67 2.74 2.55 2.64 1.96 2.33 1.54 1.47
Long-Term Debt to NOPAT
4.78 4.10 3.68 3.32 3.71 4.45 4.57 3.13 2.74 2.40 2.35
Altman Z-Score
3.58 3.85 4.16 4.17 3.91 4.19 4.22 4.86 4.42 4.23 4.44
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
1.53 2.00 2.30 2.36 1.64 2.17 2.01 2.88 1.97 2.46 2.86
Quick Ratio
1.14 1.64 1.87 1.98 1.19 1.82 1.68 2.25 1.31 1.90 2.20
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
111 166 130 80 24 29 47 -8.25 -101 -69 -72
Operating Cash Flow to CapEx
-1,868.21% 9,409.38% 1,769.78% 3,399.42% -3,337.30% 6,519.36% 2,910.88% 1,564.57% -3,726.86% 10,699.75% 3,613.81%
Free Cash Flow to Firm to Interest Expense
0.00 19.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 18.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 18.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.67 1.65 1.68 1.64 1.61 1.61 1.63 1.65 1.64 1.71 1.73
Accounts Receivable Turnover
39.72 39.64 40.45 43.49 36.38 40.64 41.75 39.31 33.27 38.96 41.29
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
0.00 106.50 101.29 100.13 0.00 106.17 106.04 106.67 108.17 116.30 117.99
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)
9.19 9.21 9.02 8.39 10.03 8.98 8.74 9.29 10.97 9.37 8.84
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)
9.19 9.21 9.02 8.39 10.03 8.98 8.74 9.29 10.97 9.37 8.84
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,030 926 932 895 1,028 925 925 1,002 1,198 1,035 1,041
Invested Capital Turnover
2.44 2.59 2.55 2.67 2.34 2.59 2.58 2.55 2.21 2.56 2.56
Increase / (Decrease) in Invested Capital
-69 -112 -87 -40 -1.37 -1.39 -7.79 107 170 110 116
Enterprise Value (EV)
1,294 1,480 1,830 1,800 1,802 1,860 1,840 2,424 2,304 1,466 1,557
Market Capitalization
835 1,138 1,491 1,503 1,365 1,520 1,497 2,052 1,756 1,086 1,184
Book Value per Share
$11.40 $12.17 $12.70 $13.09 $13.22 $13.39 $13.48 $14.90 $15.65 $16.03 $16.57
Tangible Book Value per Share
$3.20 $3.75 $4.16 $4.48 $4.55 $4.65 $4.73 $6.07 $6.75 $7.07 $7.60
Total Capital
1,161 1,176 1,185 1,190 1,184 1,178 1,175 1,224 1,294 1,248 1,263
Total Debt
591 591 592 592 592 593 593 593 644 594 594
Total Long-Term Debt
591 591 592 592 592 593 593 593 644 594 594
Net Debt
459 341 339 297 437 340 343 372 548 381 372
Capital Expenditures (CapEx)
2.18 1.67 2.71 2.56 2.65 2.08 1.90 2.04 2.27 1.96 1.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-40 -63 -41 -54 -35 -51 -63 19 35 1.52 17
Debt-free Net Working Capital (DFNWC)
92 187 212 241 120 202 187 241 131 215 239
Net Working Capital (NWC)
92 187 212 241 120 202 187 241 131 215 239
Net Nonoperating Expense (NNE)
5.84 6.03 5.21 4.93 4.47 5.74 5.13 15 11 6.68 5.96
Net Nonoperating Obligations (NNO)
459 341 339 297 437 340 343 372 548 381 372
Total Depreciation and Amortization (D&A)
407 443 393 390 382 440 391 407 410 467 391
Debt-free, Cash-free Net Working Capital to Revenue
-1.55% -2.49% -1.65% -2.21% -1.47% -2.12% -2.64% 0.78% 1.42% 0.06% 0.67%
Debt-free Net Working Capital to Revenue
3.53% 7.34% 8.52% 9.86% 4.98% 8.44% 7.81% 9.95% 5.30% 8.57% 9.49%
Net Working Capital to Revenue
3.53% 7.34% 8.52% 9.86% 4.98% 8.44% 7.81% 9.95% 5.30% 8.57% 9.49%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.69 $1.00 $0.80 $0.77 $0.45 $0.50 $0.79 $1.99 $1.35 $0.85 $0.96
Adjusted Weighted Average Basic Shares Outstanding
51.92M 47.85M 46.47M 45.52M 46.03M 43.70M 42.96M 42.26M 42.58M 40.84M 40.13M
Adjusted Diluted Earnings per Share
$0.69 $1.00 $0.79 $0.76 $0.43 $0.49 $0.77 $1.94 $1.33 $0.83 $0.95
Adjusted Weighted Average Diluted Shares Outstanding
52.08M 48.14M 46.90M 46.13M 46.55M 44.53M 43.72M 43.17M 43.55M 41.85M 40.56M
Adjusted Basic & Diluted Earnings per Share
$0.69 $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
48.04M 46.74M 45.71M 44.72M 43.69M 43.17M 42.32M 41.54M 40.82M 40.35M 39.54M
Normalized Net Operating Profit after Tax (NOPAT)
42 54 42 40 23 28 39 34 35 41 44
Normalized NOPAT Margin
6.85% 8.25% 7.16% 6.85% 3.99% 4.32% 6.57% 5.69% 5.63% 6.05% 7.35%
Pre Tax Income Margin
8.78% 10.32% 8.77% 8.25% 4.94% 4.92% 8.16% 6.90% 6.71% 6.90% 8.69%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 8.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 6.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 8.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 6.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 4.63% 0.00% 0.00% 10.34% 9.73% 9.54%
Augmented Payout Ratio
226.52% 152.16% 86.62% 92.43% 100.53% 117.72% 117.92% 81.81% 80.63% 76.56% 69.74%

Key Financial Trends

PROG Holdings, Inc. (NYSE: PRG) has demonstrated consistent revenues over the past several quarters, with operating revenue steadily hovering around $590 million to $680 million per quarter from Q2 2022 through Q2 2025. Net income has inversely fluctuated but shows a general upward trend from $19.5 million in Q2 2022 to $38.5 million in Q2 2025.

Key Financial Highlights and Trends:

  • Operating revenue has maintained stability and slight growth, reaching $604.7 million in Q2 2025 compared to $592.8 million in Q2 2022, indicating solid top-line performance.
  • The company reported positive net income each quarter, with Q2 2025 net income at approximately $38.5 million, up from $19.5 million in Q2 2022, reflecting improving profitability over this period.
  • Net cash from continuing operating activities improved significantly from $57.4 million in Q2 2022 to $69.9 million in Q2 2025, signaling enhanced cash generation from core operations.
  • Depreciation expense is consistently high (~$385 million to $460 million quarterly) but stable, supporting a consistent asset base.
  • The company consistently incurs sizable selling, general, and administrative expenses, around $107 million to $127 million per quarter, which appear well-managed relative to revenue.
  • Total equity has increased progressively from approximately $556.8 million in Q2 2022 to about $668.7 million by Q2 2025, indicating strengthening shareholder value.
  • Long-term debt remains elevated, approximating $590 million to $594 million each quarter, indicating significant leverage and related interest obligations.
  • Net cash used in investing activities remains negative throughout the periods, primarily driven by purchases of property, plant, & equipment and other investing activities, which could pressure liquidity.
  • The company engages in regular repurchases of common equity over the quarters, totaling approximately $25 million in Q2 2025 and higher in prior quarters, which could impact cash reserves.
  • Payment of dividends, although relatively modest (around $5 million per quarter), combined with stock repurchases, reduces free cash flow for reinvestment.

Summary: PROG Holdings demonstrates consistent revenue with improving net income and solid operational cash flow generation, suggesting operational strength and profitability gains over the last several years. The company is reinvesting in its asset base while returning capital to shareholders through dividends and share buybacks, signaling confidence from management. However, the sustained high long-term debt levels and continued negative cash flow from investing activities indicate leverage risk and capital expenditure demands that investors should monitor closely. Overall, the financial trends portray a generally positive trajectory tempered by financial leverage and capital allocation considerations.

08/08/25 11:38 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Aaron's' Financials

When does Aaron's' fiscal year end?

According to the most recent income statement we have on file, Aaron's' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Aaron's' net income changed over the last 6 years?

Aaron's' net income appears to be on an upward trend, with a most recent value of $197.25 million in 2024, rising from $196.21 million in 2018. The previous period was $138.84 million in 2023. See where experts think Aaron's is headed by visiting Aaron's' forecast page.

What is Aaron's' operating income?
Aaron's' total operating income in 2024 was $194.90 million, based on the following breakdown:
  • Total Gross Profit: $2.46 billion
  • Total Operating Expenses: $2.27 billion
How has Aaron's' revenue changed over the last 6 years?

Over the last 6 years, Aaron's' total revenue changed from $37.32 million in 2018 to $2.46 billion in 2024, a change of 6,501.4%.

How much debt does Aaron's have?

Aaron's' total liabilities were at $863.49 million at the end of 2024, a 4.0% decrease from 2023, and a 44.7% decrease since 2019.

How much cash does Aaron's have?

In the past 5 years, Aaron's' cash and equivalents has ranged from $36.65 million in 2020 to $170.16 million in 2021, and is currently $95.66 million as of their latest financial filing in 2024.

How has Aaron's' book value per share changed over the last 6 years?

Over the last 6 years, Aaron's' book value per share changed from 0.00 in 2018 to 15.65 in 2024, a change of 1,565.3%.



This page (NYSE:PRG) was last updated on 8/8/2025 by MarketBeat.com Staff
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