What is Sonic Automotive's operating income?

Sonic Automotive's total operating income in 2025 was $367.50 million, based on the following breakdown: Total Gross Profit: $2.38 billion Total Operating Expenses: $2.02 billion

Sonic Automotive (SAH) Financials

$76.03 -0.49 (-0.64%)

Closing price 09/11/2026 03:58 PM Eastern

Extended Trading

$75.90 -0.14 (-0.18%)

As of 09/11/2026 07:30 PM Eastern

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Annual Income Statements for Sonic Automotive

This table shows Sonic Automotive'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	86	93	93	52	144	-51	349	89	178	216	227
Consolidated Net Income / (Loss)	86	93	93	52	144	-51	349	89	178	216	119
Net Income / (Loss) Continuing Operations	88	95	94	52	145	-51	0.00	0.00	0.00	0.00	0.00
Total Pre-Tax Income	145	155	108	75	200	-35	458	190	242	256	173
Total Operating Income	217	233	212	178	308	34	538	314	424	462	368
Total Gross Profit	1,415	1,429	1,458	1,446	1,521	1,424	1,914	2,317	2,246	2,193	2,383
Total Revenue	9,624	9,732	9,867	9,952	10,454	9,767	12,396	14,001	14,372	14,224	15,154
Operating Revenue	9,624	9,732	9,867	9,952	10,454	9,767	12,396	14,001	14,372	14,224	15,154
Total Cost of Revenue	8,210	8,303	8,410	8,506	8,933	8,343	10,482	11,684	12,127	12,032	12,771
Operating Cost of Revenue	8,210	8,303	8,410	8,506	8,933	8,343	10,482	11,684	12,127	12,032	12,771
Total Operating Expenses	1,197	1,196	1,246	1,268	1,213	1,390	1,376	2,003	1,822	1,731	2,015
Selling, General & Admin Expense	1,111	1,111	1,148	1,145	1,099	1,029	1,275	1,555	1,601	1,577	1,678
Depreciation Expense	69	77	89	94	93	91	101	128	142	150	163
Impairment Charge	18	8.06	9.39	30	21	270	0.10	320	79	3.90	174
Total Other Income / (Expense), net	-72	-78	-103	-102	-108	-69	-80	-124	-182	-205	-195
Interest Expense	72	78	89	102	102	69	65	124	182	205	195
Other Income / (Expense), net	0.10	0.13	-15	0.11	-6.60	0.10	-16	0.20	0.10	-0.50	0.10
Income Tax Expense	57	61	14	23	55	16	109	102	64	40	-54
Net Income / (Loss) Discontinued Operations	-1.78	-1.32	-1.17	-0.74	-0.40	-0.70	0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	$1.71	$2.04	$2.11	$1.21	$3.35	($1.21)	$8.43	$2.29	$5.09	$6.34	$3.49
Weighted Average Basic Shares Outstanding	50.49M	45.64M	44.00M	42.71M	43.02M	42.50M	41.40M	38.70M	35M	34.10M	34M
Diluted Earnings per Share	$1.70	$2.03	$2.09	$1.20	$3.30	($1.21)	$8.06	$2.23	$4.97	$6.18	$3.42
Weighted Average Diluted Shares Outstanding	50.88M	45.95M	44.36M	42.95M	43.71M	42.50M	43.30M	39.70M	35.90M	35M	34.70M
Weighted Average Basic & Diluted Shares Outstanding	50.50M	45.70M	42.41M	42.95M	-	41.83M	33.98M	33.72M	33.58M	33.58M	33.58M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Total Pre-Tax Income	33	91	55	58	56	61	82	97	-69	71	73
Total Operating Income	78	137	102	107	108	114	134	145	-23	123	123
Total Gross Profit	569	582	541	536	539	544	574	566	602	616	599
Total Revenue	3,653	3,644	3,585	3,384	3,453	3,492	3,896	3,651	0.00	3,974	7,529
Total Cost of Revenue	3,084	3,061	3,044	2,848	2,914	2,948	3,322	3,085	0.00	3,358	6,328
Total Operating Expenses	491	445	440	430	431	430	440	419	281	493	823
Selling, General & Admin Expense	392	410	386	392	393	392	400	380	413	452	434
Depreciation Expense	36	35	37	36	37	38	39	40	41	41	42
Impairment Charge	63	0.00	17	1.00	1.40	0.00	1.50	-1.40	-172	0.00	348
Total Other Income / (Expense), net	-46	-46	-47	-49	-52	-53	-51	-48	-46	-52	-50
Interest Expense	46	46	47	49	52	53	51	48	46	51	50
Other Income / (Expense), net	0.10	0.20	-0.40	0.10	-0.50	0.00	-0.10	0.00	-0.10	-0.10	0.30
Income Tax Expense	9.10	23	16	16	15	-13	24	27	-24	24	-82
Net Income / (Loss) Attributable to Common Shareholders	23	68	39	42	41	74	59	73	-303	47	410
Consolidated Net Income / (Loss)	23	68	39	42	41	74	59	71	-46	47	47
Basic Earnings per Share	$0.66	$1.96	$1.14	$1.24	$1.21	$2.18	$1.71	$2.09	($1.34)	$1.37	$1.37
Weighted Average Basic Shares Outstanding	35.30M	34.90M	35M	34M	34M	34M	34.10M	33.90M	34.10M	34.20M	34M
Diluted Earnings per Share	$0.65	$1.92	$1.11	$1.20	$1.18	$2.13	$1.67	$2.04	($1.34)	$1.33	$1.39
Weighted Average Diluted Shares Outstanding	36M	35.60M	35.90M	34.90M	34.90M	34.90M	35M	34.60M	34.10M	35.10M	34.70M
Weighted Average Basic & Diluted Shares Outstanding	34.12M	34.19M	33.72M	33.89M	34.12M	34.19M	33.72M	33.96M	34.15M	34.17M	33.58M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.56	-0.52	3.24	-0.50	23	141	129	-70	-200	15	-38
Net Cash From Operating Activities	70	216	163	144	171	281	306	406	-16	109	567
Net Cash From Continuing Operating Activities	70	216	163	144	239	288	-336	644	687	543	252
Net Income / (Loss) Continuing Operations	86	93	93	52	144	-51	349	89	178	216	119
Consolidated Net Income / (Loss)	86	93	93	52	144	-51	349	89	178	216	119
Depreciation Expense	69	78	90	94	90	88	94	114	124	130	141
Amortization Expense	2.69	2.94	2.54	2.42	2.50	2.90	3.30	5.20	6.50	5.80	6.60
Non-Cash Adjustments To Reconcile Net Income	210	-23	-19	17	71	6.10	-477	377	-31	-68	210
Changes in Operating Assets and Liabilities, net	-299	65	-3.62	-22	-69	242	-305	60	409	259	-224
Net Cash From Investing Activities	-164	-221	-272	-15	137	-100	-1,297	-300	-219	-178	-499
Net Cash From Continuing Investing Activities	-164	-221	-272	-15	137	-100	1,337	359	339	306	681
Purchase of Property, Plant & Equipment	-173	-206	-234	-164	-126	-127	298	227	204	187	150
Acquisitions	-	-16	-77	0.00	0.00	-20	1,019	102	75	55	440
Sale of Property, Plant & Equipment	1.40	1.32	0.60	20	11	37	13	30	7.80	56	82
Divestitures	7.98	0.00	38	129	251	9.60	6.60	0.00	52	8.20	9.60
Other Investing Activities, net	-	-	0.00	-	0.80	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	94	3.89	112	-129	-284	-40	1,120	-177	34	84	-106
Net Cash From Continuing Financing Activities	94	3.89	112	-129	-274	4.10	1,200	840	100	74	610
Repayment of Debt	-418	-248	-294	-1,039	-524	-509	86	142	143	96	236
Repurchase of Preferred Equity	-	0.00	-211	0.00	-294	0.00	263	0.00	0.00	0.00	0.00
Repurchase of Common Equity	-34	-100	-37	-24	-2.40	-72	93	262	178	34	82
Payment of Dividends	-5.08	-8.70	-8.85	-9.83	-16	-17	18	35	40	41	49
Issuance of Debt	471	313	630	940	592	519	1,171	327	61	156	257
Issuance of Common Equity	3.66	0.03	0.05	0.35	0.10	-0.10	7.70	8.70	13	5.70	0.50
Other Financing Activities, net	76	47	34	3.87	-30	83	-440	66	-335	-258	-14
Cash Interest Paid	71	77	90	98	104	69	57	117	172	199	190
Cash Income Taxes Paid	38	28	43	35	73	57	99	126	86	36	101

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-41	-85	-5.70	-4.00	-283	124	230	160	-1,039	119	723
Net Cash From Operating Activities	15	123	-120	70	-136	88	88	196	137	168	67
Net Cash From Continuing Operating Activities	14	120	578	70	-141	88	529	193	-207	167	100
Net Income / (Loss) Continuing Operations	23	68	39	42	41	74	59	71	-46	47	47
Consolidated Net Income / (Loss)	23	68	39	42	41	74	59	71	-46	47	47
Depreciation Expense	31	31	32	32	32	33	34	34	35	36	36
Amortization Expense	1.60	1.70	1.60	1.60	1.30	1.30	1.60	1.60	1.60	1.70	1.70
Non-Cash Adjustments To Reconcile Net Income	52	-8.60	-93	2.40	22	1.20	-91	-3.20	-157	3.70	366
Changes in Operating Assets and Liabilities, net	-94	28	599	-7.40	-237	-22	525	90	-41	79	-351
Net Cash From Investing Activities	14	-78	-47	-39	-22	-25	-91	-36	-386	-72	-4.70
Net Cash From Continuing Investing Activities	15	-79	510	-39	-22	-25	393	-36	-386	-72	1,176
Purchase of Property, Plant & Equipment	-38	-78	357	-44	-49	-53	333	-45	-34	-34	263
Acquisitions	-	-	150	0.00	-	-	55	0.00	-360	-80	881
Sale of Property, Plant & Equipment	0.30	-	2.70	4.40	23	23	4.90	9.50	7.60	32	33
Net Cash From Financing Activities	-70	-130	162	-45	211	-112	30	-140	295	-117	-145
Net Cash From Continuing Financing Activities	-69	-130	101	-35	-120	61	374	2.10	-445	24	1,029
Repayment of Debt	-43	-8.40	90	-33	-70	-29	392	-29	-52	-115	432
Repurchase of Common Equity	-	-87	355	-27	-0.10	-	62	-35	-8.80	-	127
Payment of Dividends	-10	-10	70	-10	-10	-10	71	-12	-12	-12	85
Issuance of Debt	-	-	61	16	125	15	-	10	-	83	164
Other Financing Activities, net	-18	-26	-477	19	-167	84	-152	68	-373	68	223
Cash Interest Paid	58	31	57	34	61	41	63	34	59	34	62
Cash Income Taxes Paid	47	27	13	-0.20	40	11	-16	0.70	7.40	81	11

This table presents Sonic Automotive'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	6/30/2026
Total Assets	3,562	3,639	3,819	3,797	4,071	3,746	4,975	4,978	5,365	5,896	6,382
Total Current Assets	2,083	2,031	2,020	1,993	2,018	1,883	2,084	2,206	2,520	2,886	3,099
Cash & Equivalents	3.63	3.11	6.35	5.85	29	170	299	229	29	44	19
Accounts Receivable	379	430	482	438	433	372	401	462	528	496	426
Inventories, net	1,600	1,571	1,513	1,528	1,518	1,247	1,261	1,217	1,578	1,958	2,325
Other Current Assets	101	27	19	21	38	93	122	298	385	388	330
Plant, Property, & Equipment, net	887	1,010	1,147	1,178	1,097	1,121	1,459	1,562	1,601	1,607	1,674
Total Noncurrent Assets	592	598	652	625	956	743	1,432	1,210	1,243	1,403	1,609
Noncurrent Note & Lease Receivables	-	-	-	0.00	35	60	180	224	237	317	337
Goodwill	471	472	526	510	476	214	416	231	254	359	432
Intangible Assets	81	80	75	70	64	64	480	397	417	430	437
Other Noncurrent Operating Assets	40	45	51	46	381	405	356	359	335	297	403
Total Liabilities & Shareholders' Equity	3,562	3,639	3,819	3,797	4,071	3,746	4,975	4,978	5,365	5,896	6,382
Total Liabilities	2,833	2,914	3,032	2,974	3,126	2,931	3,899	4,083	4,473	4,833	5,357
Total Current Liabilities	1,915	1,937	1,955	1,946	2,066	1,831	1,892	1,845	2,293	2,638	3,064
Short-Term Debt	33	43	61	26	70	68	51	80	60	76	193
Accounts Payable	131	118	130	114	135	105	133	138	150	172	156
Other Current Liabilities	1,737	1,763	1,751	1,792	1,850	1,658	1,708	1,628	2,083	2,390	2,714
Other Current Nonoperating Liabilities	13	13	12	13	11	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	919	977	1,077	1,028	1,060	1,100	2,007	2,238	2,180	2,196	2,293
Long-Term Debt	781	840	963	919	637	652	1,511	1,672	1,617	1,512	1,566
Noncurrent Deferred & Payable Income Tax Liabilities	73	76	52	33	8.93	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	64	61	62	76	414	448	496	566	563	684	727
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	729	725	787	823	945	815	1,076	895	892	1,062	1,026
Total Preferred & Common Equity	729	725	787	823	945	815	1,076	895	892	1,062	1,026
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	729	725	787	823	945	815	1,076	895	892	1,062	1,026
Common Stock	714	722	734	746	757	768	791	820	856	885	915
Retained Earnings	457	541	625	671	790	722	1,052	1,100	1,239	1,412	1,574
Treasury Stock	-436	-536	-574	-598	-600	-672	-765	-1,027	-1,205	-1,239	-1,463
Accumulated Other Comprehensive Income / (Loss)	-5.63	-2.26	1.31	4.23	-2.06	-3.60	-1.30	1.60	1.60	3.80	-0.30

This table presents Sonic Automotive'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
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
Total Assets	4,828	2,503	5,082	5,050	5,408	5,804	5,758	5,876	5,930	6,016
Total Current Assets	1,757	0.00	2,297	2,242	2,511	2,916	2,811	2,868	2,777	2,808
Cash & Equivalents	139	-	120	35	15	67	18	65	110	89
Accounts Receivable	361	-	401	432	421	441	437	515	398	447
Inventories, net	1,197	-	1,449	1,434	1,701	1,952	1,919	1,877	2,120	2,056
Other Current Assets	60	-	328	342	375	456	438	412	149	216
Plant, Property, & Equipment, net	1,556	1,592	1,559	1,599	1,599	1,593	1,603	1,615	1,618	1,588
Total Noncurrent Assets	1,516	911	1,225	1,210	1,298	1,295	1,344	1,393	1,535	1,620
Noncurrent Note & Lease Receivables	231	255	262	258	307	301	294	311	327	321
Goodwill	437	-	243	244	254	254	347	358	574	623
Intangible Assets	513	419	417	417	417	417	417	430	256	252
Other Noncurrent Operating Assets	334	237	303	290	320	323	286	294	378	424
Total Liabilities & Shareholders' Equity	4,828	3,780	5,082	5,050	5,408	5,804	5,758	5,876	5,930	6,016
Total Liabilities	3,721	2,642	4,205	4,193	4,503	4,860	4,743	4,785	4,901	4,947
Total Current Liabilities	1,719	406	2,004	2,009	2,300	2,651	2,539	2,627	2,707	2,756
Short-Term Debt	80	-	61	60	68	106	118	85	46	53
Accounts Payable	139	-	131	143	144	220	149	180	173	215
Other Current Liabilities	1,499	406	1,813	1,806	2,088	2,326	2,272	2,362	2,487	2,488
Other Current Nonoperating Liabilities	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	2,003	2,236	2,201	2,184	2,204	2,209	2,205	2,158	2,194	2,191
Long-Term Debt	1,442	1,651	1,630	1,623	1,583	1,602	1,578	1,485	1,474	1,438
Capital Lease Obligations	229	-	-	276	327	-	319	341	-	356
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	331	585	571	284	293	606	308	332	720	398
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,107	1,138	877	858	904	945	1,015	1,091	1,030	1,069
Total Preferred & Common Equity	1,107	1,138	877	858	904	945	1,015	1,091	1,030	1,069
Preferred Stock	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,107	1,138	877	858	904	945	1,015	1,091	1,030	1,069
Common Stock	816	-	841	849	863	872	879	891	897	903
Retained Earnings	1,302	1,138	1,151	1,210	1,270	1,301	1,365	1,471	1,413	1,447
Treasury Stock	-1,010	-	-1,118	-1,204	-1,232	-1,232	-1,232	-1,274	-1,283	-1,283
Accumulated Other Comprehensive Income / (Loss)	-0.80	-	2.50	2.70	2.10	2.50	2.30	2.90	2.40	2.10

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.64%	1.12%	1.39%	0.86%	5.05%	-6.57%	26.92%	12.94%	2.65%	-1.03%	6.53%
EBITDA Growth	-1.97%	8.51%	-7.95%	-5.10%	43.39%	-68.36%	397.99%	-30.11%	27.95%	7.72%	-13.68%
EBIT Growth	-6.98%	7.20%	-15.44%	-9.78%	69.38%	-88.71%	1,437.94%	-39.91%	34.85%	8.80%	-20.26%
NOPAT Growth	-7.37%	7.55%	29.89%	-32.92%	80.24%	-89.35%	1,627.64%	-64.32%	113.36%	24.73%	23.97%
Net Income Growth	-11.22%	7.97%	-0.23%	-44.45%	178.99%	-135.67%	778.79%	-74.63%	101.36%	21.21%	-45.05%
EPS Growth	-7.61%	19.41%	2.96%	-42.58%	175.00%	-136.67%	766.12%	-72.33%	122.87%	24.35%	-44.66%
Operating Cash Flow Growth	-56.71%	210.36%	-24.72%	-11.79%	18.88%	64.58%	8.96%	32.58%	-103.87%	795.54%	419.60%
Free Cash Flow Firm Growth	-84.23%	502.22%	-119.90%	1,185.97%	120.93%	-19.87%	-292.69%	111.86%	184.41%	69.62%	27.63%
Invested Capital Growth	8.31%	4.21%	12.33%	-2.29%	-8.02%	-16.46%	71.37%	3.40%	5.04%	2.63%	2.72%
Revenue Q/Q Growth	1.25%	0.89%	1.14%	-0.93%	1.69%	0.52%	3.21%	-14.28%	23.48%	2.24%	31.53%
EBITDA Q/Q Growth	3.80%	5.06%	-0.95%	-6.51%	7.21%	19.53%	7.10%	113.11%	-87.24%	6.09%	-1.49%
EBIT Q/Q Growth	3.51%	5.91%	-2.71%	-9.41%	9.78%	147.65%	7.93%	109.19%	-89.95%	7.53%	-2.65%
NOPAT Q/Q Growth	4.12%	5.99%	41.10%	-33.30%	14.79%	66.85%	16.38%	106.11%	-92.49%	5.65%	77.83%
Net Income Q/Q Growth	6.06%	7.59%	35.41%	-43.72%	20.43%	17.70%	12.61%	102.42%	-95.52%	10.15%	-8.97%
EPS Q/Q Growth	7.59%	10.93%	37.50%	-42.31%	19.57%	23.42%	11.17%	-75.58%	713.58%	9.96%	-7.57%
Operating Cash Flow Q/Q Growth	-49.18%	20.48%	-0.05%	10.33%	556.15%	-40.12%	11.58%	-40.74%	88.38%	210.98%	-3.54%
Free Cash Flow Firm Q/Q Growth	-63.97%	-7.77%	81.97%	-9.54%	128.80%	-36.33%	-316.58%	101.84%	-95.35%	132.15%	-9.93%
Invested Capital Q/Q Growth	1.43%	2.30%	1.16%	-1.30%	-10.92%	-1.72%	57.97%	-11.09%	-8.73%	-13.47%	-5.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.70%	14.69%	14.77%	14.53%	14.55%	14.58%	15.44%	16.55%	15.63%	15.42%	15.73%
EBITDA Margin	3.01%	3.23%	2.93%	2.76%	3.76%	1.27%	5.00%	3.09%	3.86%	4.20%	3.40%
Operating Margin	2.26%	2.39%	2.14%	1.79%	2.94%	0.35%	4.34%	2.24%	2.95%	3.24%	2.43%
EBIT Margin	2.26%	2.39%	2.00%	1.79%	2.88%	0.35%	4.22%	2.24%	2.95%	3.24%	2.43%
Profit (Net Income) Margin	0.90%	0.96%	0.94%	0.52%	1.38%	-0.53%	2.81%	0.63%	1.24%	1.52%	0.78%
Tax Burden Percent	59.46%	60.04%	86.00%	68.58%	72.19%	147.70%	76.15%	46.58%	73.67%	84.34%	68.69%
Interest Burden Percent	66.77%	66.60%	54.87%	42.37%	66.29%	-102.35%	87.63%	60.47%	57.09%	55.55%	47.01%
Effective Tax Rate	39.31%	39.11%	12.92%	30.44%	27.61%	0.00%	23.85%	53.42%	26.33%	15.66%	-31.31%
Return on Invested Capital (ROIC)	8.83%	8.95%	10.73%	6.88%	13.07%	1.58%	22.14%	6.15%	12.59%	15.13%	18.27%
ROIC Less NNEP Spread (ROIC-NNEP)	3.10%	3.28%	1.24%	-0.38%	3.48%	-10.55%	15.40%	2.00%	4.15%	4.27%	-4.81%
Return on Net Nonoperating Assets (RNNOA)	3.54%	3.87%	1.57%	-0.46%	3.23%	-7.43%	14.75%	2.83%	7.35%	6.98%	-7.12%
Return on Equity (ROE)	12.37%	12.82%	12.30%	6.42%	16.30%	-5.84%	36.90%	8.98%	19.94%	22.11%	11.14%
Cash Return on Invested Capital (CROIC)	0.85%	4.82%	-0.89%	9.20%	21.42%	19.52%	-30.45%	2.81%	7.67%	12.54%	15.58%
Operating Return on Assets (OROA)	6.46%	6.47%	5.28%	4.67%	7.65%	0.87%	11.99%	6.31%	8.19%	8.19%	6.20%
Return on Assets (ROA)	2.56%	2.59%	2.49%	1.36%	3.66%	-1.32%	8.00%	1.78%	3.45%	3.84%	2.00%
Return on Common Equity (ROCE)	12.37%	12.82%	12.30%	6.42%	16.30%	-5.84%	36.90%	8.98%	19.94%	22.11%	11.14%
Return on Equity Simple (ROE_SIMPLE)	11.84%	12.85%	11.82%	6.27%	15.25%	-6.31%	32.41%	9.89%	19.98%	20.33%	0.00%
Net Operating Profit after Tax (NOPAT)	132	142	184	124	223	24	410	146	312	389	483
NOPAT Margin	1.37%	1.46%	1.87%	1.24%	2.13%	0.24%	3.31%	1.04%	2.17%	2.74%	3.18%
Net Nonoperating Expense Percent (NNEP)	5.73%	5.67%	9.49%	7.25%	9.59%	12.13%	6.74%	4.15%	8.44%	10.86%	23.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-	10.17%	-	-	-	-	5.53%	12.15%	14.69%	17.98%
Cost of Revenue to Revenue	85.30%	85.31%	85.23%	85.47%	85.45%	85.42%	84.56%	83.45%	84.37%	84.58%	84.28%
SG&A Expenses to Revenue	11.54%	11.41%	11.63%	11.51%	10.52%	10.53%	10.28%	11.11%	11.14%	11.09%	11.07%
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	12.44%	12.29%	12.63%	12.75%	11.61%	14.23%	11.10%	14.31%	12.68%	12.17%	13.30%
Earnings before Interest and Taxes (EBIT)	217	233	197	178	301	34	523	314	424	461	368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	290	314	289	274	394	125	620	433	554	597	516
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.26	0.89	0.65	1.31	1.86	1.79	1.93	2.09	2.04	1.98
Price to Tangible Book Value (P/TBV)	5.63	5.29	3.77	2.19	3.05	2.83	10.72	6.44	8.44	7.92	11.00
Price to Revenue (P/Rev)	0.10	0.09	0.07	0.05	0.12	0.16	0.16	0.12	0.13	0.15	0.14
Price to Earnings (P/E)	11.53	9.79	7.56	10.34	8.57	0.00	5.53	19.48	10.46	10.03	9.32
Dividend Yield	0.56%	0.98%	1.23%	1.92%	1.40%	1.11%	0.98%	2.19%	2.11%	1.97%	2.36%
Earnings Yield	8.67%	10.22%	13.23%	9.67%	11.66%	0.00%	18.10%	5.13%	9.56%	9.97%	10.73%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.11	0.95	0.83	1.17	1.52	1.36	1.34	1.38	1.42	1.39
Enterprise Value to Revenue (EV/Rev)	0.19	0.18	0.17	0.15	0.18	0.21	0.26	0.23	0.24	0.26	0.25
Enterprise Value to EBITDA (EV/EBITDA)	6.24	5.70	5.95	5.37	4.86	16.61	5.14	7.49	6.33	6.21	7.22
Enterprise Value to EBIT (EV/EBIT)	8.31	7.69	8.73	8.29	6.35	60.83	6.10	10.33	8.29	8.05	10.13
Enterprise Value to NOPAT (EV/NOPAT)	13.70	12.63	9.34	11.92	8.59	87.15	7.78	22.19	11.25	9.53	7.72
Enterprise Value to Operating Cash Flow (EV/OCF)	25.91	8.28	10.57	10.26	11.20	7.36	10.41	7.99	0.00	33.97	6.56
Enterprise Value to Free Cash Flow (EV/FCFF)	142.25	23.43	0.00	8.91	5.24	7.07	0.00	48.55	18.47	11.50	9.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.12	1.22	1.30	1.15	0.75	0.88	1.45	1.96	1.88	1.49	1.51
Long-Term Debt to Equity	1.07	1.16	1.22	1.12	0.67	0.80	1.40	1.87	1.81	1.42	1.46
Financial Leverage	1.14	1.18	1.27	1.23	0.93	0.70	0.96	1.41	1.77	1.63	1.48
Leverage Ratio	4.82	4.95	4.93	4.73	4.45	4.44	4.61	5.05	5.79	5.76	5.57
Compound Leverage Factor	3.22	3.30	2.71	2.00	2.95	-4.55	4.04	3.05	3.30	3.20	2.62
Debt to Total Capital	52.77%	54.90%	56.57%	53.45%	42.80%	46.91%	59.19%	66.18%	65.28%	59.92%	60.20%
Short-Term Debt to Total Capital	2.17%	2.67%	3.38%	1.49%	4.23%	4.44%	1.92%	3.00%	2.34%	2.87%	1.95%
Long-Term Debt to Total Capital	50.60%	52.22%	53.18%	51.96%	38.57%	42.47%	57.27%	63.18%	62.94%	57.05%	58.24%
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	47.23%	45.10%	43.43%	46.55%	57.20%	53.09%	40.81%	33.82%	34.72%	40.08%	39.80%
Debt to EBITDA	2.81	2.81	3.54	3.44	1.80	5.78	2.52	4.04	3.02	2.66	3.13
Net Debt to EBITDA	2.80	2.80	3.52	3.42	1.72	4.42	2.04	3.51	2.97	2.59	3.12
Long-Term Debt to EBITDA	2.70	2.67	3.33	3.35	1.62	5.24	2.44	3.86	2.92	2.53	3.03
Debt to NOPAT	6.18	6.22	5.56	7.65	3.17	30.34	3.81	11.98	5.37	4.08	3.35
Net Debt to NOPAT	6.15	6.20	5.53	7.60	3.04	23.16	3.08	10.41	5.28	3.97	3.33
Long-Term Debt to NOPAT	5.92	5.92	5.23	7.43	2.86	27.47	3.68	11.43	5.18	3.88	3.24
Altman Z-Score	3.35	3.31	3.14	3.15	3.31	3.23	3.48	3.67	3.56	3.33	3.39
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	1.09	1.05	1.03	1.02	0.98	1.03	1.10	1.20	1.10	1.09	1.09
Quick Ratio	0.20	0.22	0.25	0.23	0.22	0.30	0.37	0.37	0.24	0.20	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	76	-15	165	365	293	-564	67	190	323	412
Operating Cash Flow to CapEx	40.57%	105.59%	69.71%	99.73%	148.91%	311.99%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.18	0.98	-0.17	1.61	3.60	4.25	-8.71	0.54	1.05	1.57	2.11
Operating Cash Flow to Interest Expense	0.97	2.78	1.83	1.40	1.68	4.09	4.73	3.27	-0.09	0.53	2.91
Operating Cash Flow Less CapEx to Interest Expense	-1.41	0.15	-0.80	0.00	0.55	2.78	9.55	5.34	1.08	1.72	4.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.86	2.70	2.65	2.61	2.66	2.50	2.84	2.81	2.78	2.53	2.55
Accounts Receivable Turnover	25.65	24.07	21.63	21.63	24.01	24.28	32.08	32.43	29.02	27.78	31.41
Inventory Turnover	5.64	5.24	5.45	5.59	5.86	6.03	8.36	9.43	8.68	6.81	6.43
Fixed Asset Turnover	11.42	10.26	9.15	8.56	9.19	8.81	9.61	9.27	9.09	8.87	9.56
Accounts Payable Turnover	62.29	66.70	67.92	69.67	71.62	69.44	87.94	86.01	84.15	74.78	79.08
Days Sales Outstanding (DSO)	14.23	15.17	16.87	16.88	15.20	15.03	11.38	11.26	12.58	13.14	11.62
Days Inventory Outstanding (DIO)	64.72	69.69	66.92	65.25	62.23	60.48	43.67	38.71	42.06	53.64	56.74
Days Payable Outstanding (DPO)	5.86	5.47	5.37	5.24	5.10	5.26	4.15	4.24	4.34	4.88	4.62
Cash Conversion Cycle (CCC)	73.09	79.38	78.42	76.89	72.34	70.26	50.90	45.72	50.30	61.89	63.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,553	1,618	1,817	1,776	1,633	1,365	2,338	2,418	2,540	2,606	2,677
Invested Capital Turnover	6.45	6.14	5.74	5.54	6.13	6.52	6.70	5.89	5.80	5.53	5.74
Increase / (Decrease) in Invested Capital	119	65	199	-42	-142	-269	974	79	122	67	71
Enterprise Value (EV)	1,806	1,791	1,721	1,473	1,913	2,068	3,190	3,246	3,511	3,710	3,723
Market Capitalization	995	912	703	534	1,235	1,518	1,928	1,724	1,864	2,166	2,114
Book Value per Share	$14.64	$16.16	$18.21	$19.25	$21.90	$19.38	$26.09	$24.47	$26.32	$31.07	$31.26
Tangible Book Value per Share	$3.55	$3.84	$4.32	$5.70	$9.38	$12.76	$4.36	$7.31	$6.51	$8.00	$5.62
Total Capital	1,544	1,608	1,811	1,768	1,652	1,535	2,638	2,647	2,569	2,650	2,684
Total Debt	815	883	1,025	945	707	720	1,561	1,752	1,677	1,588	1,615
Total Long-Term Debt	781	840	963	919	637	652	1,511	1,672	1,617	1,512	1,563
Net Debt	811	880	1,018	939	678	550	1,262	1,523	1,648	1,544	1,609
Capital Expenditures (CapEx)	172	205	234	144	115	90	-311	-257	-211	-243	-232
Debt-free, Cash-free Net Working Capital (DFCFNWC)	198	134	120	68	-7.74	-51	-56	211	259	280	281
Debt-free Net Working Capital (DFNWC)	202	137	126	74	21	119	243	440	288	324	287
Net Working Capital (NWC)	168	94	65	48	-49	51	192	361	228	248	235
Net Nonoperating Expense (NNE)	46	49	91	72	79	75	61	58	134	173	364
Net Nonoperating Obligations (NNO)	824	893	1,031	953	689	550	1,262	1,523	1,648	1,544	1,609
Total Depreciation and Amortization (D&A)	72	81	92	97	92	91	97	119	131	136	148
Debt-free, Cash-free Net Working Capital to Revenue	2.06%	1.38%	1.22%	0.68%	-0.07%	-0.52%	-0.46%	1.51%	1.80%	1.97%	1.85%
Debt-free Net Working Capital to Revenue	2.10%	1.41%	1.28%	0.74%	0.20%	1.22%	1.96%	3.15%	2.00%	2.28%	1.89%
Net Working Capital to Revenue	1.75%	0.97%	0.66%	0.48%	-0.46%	0.52%	1.55%	2.58%	1.58%	1.74%	1.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.71	$2.04	$2.11	$1.21	$0.00	($1.21)	$8.43	$2.29	$5.09	$6.34	$3.49
Adjusted Weighted Average Basic Shares Outstanding	50.49M	45.64M	44.00M	42.71M	0.00	42.48M	41.40M	38.70M	35M	34.10M	34M
Adjusted Diluted Earnings per Share	$1.70	$2.03	$2.09	$1.20	$0.00	($1.21)	$8.06	$2.23	$4.97	$6.18	$3.42
Adjusted Weighted Average Diluted Shares Outstanding	50.88M	45.95M	44.36M	42.95M	0.00	42.48M	43.28M	39.70M	35.90M	35M	34.70M
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	46.04M	44.89M	42.41M	42.95M	0.00	41.83M	40.22M	36.04M	33.98M	33.72M	33.58M
Normalized Net Operating Profit after Tax (NOPAT)	143	147	192	144	238	213	410	444	370	393	379
Normalized NOPAT Margin	1.48%	1.51%	1.95%	1.45%	2.27%	2.18%	3.31%	3.17%	2.58%	2.76%	2.50%
Pre Tax Income Margin	1.51%	1.59%	1.10%	0.76%	1.91%	-0.36%	3.70%	1.36%	1.68%	1.80%	1.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	2.99	2.22	1.74	2.97	0.49	8.08	2.53	2.33	2.25	1.89
NOPAT to Interest Expense	1.83	1.82	2.07	1.21	2.19	0.34	6.34	1.18	1.72	1.90	2.48
EBIT Less CapEx to Interest Expense	0.63	0.36	-0.41	0.33	1.84	-0.82	12.89	4.60	3.49	3.44	3.08
NOPAT Less CapEx to Interest Expense	-0.55	-0.81	-0.56	-0.20	1.06	-0.96	11.15	3.25	2.88	3.09	3.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.88%	9.34%	9.52%	19.03%	10.76%	-33.27%	-5.25%	-38.98%	-22.45%	-18.89%	-41.11%
Augmented Payout Ratio	45.84%	116.61%	49.68%	65.71%	12.42%	-172.76%	-31.99%	-334.92%	-122.11%	-34.81%	-110.53%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.18%	5.67%	320.95%	-3.07%	-5.47%	-4.17%	8.68%	7.90%	-100.00%	13.81%	93.25%
EBITDA Growth	-39.51%	-5.24%	-96.56%	1.23%	26.15%	-13.12%	25.43%	29.38%	-90.60%	8.26%	-4.61%
EBIT Growth	-49.29%	-7.59%	-97.40%	0.19%	36.73%	-17.44%	31.95%	35.77%	-121.83%	7.92%	-7.50%
NOPAT Growth	-51.13%	-7.72%	-98.15%	-2.33%	41.31%	34.53%	32.45%	34.86%	-120.47%	-41.83%	173.36%
Net Income Growth	-75.32%	-21.65%	-98.99%	-11.95%	76.07%	8.48%	51.42%	68.10%	-210.68%	-36.93%	-19.97%
EPS Growth	-72.22%	-13.90%	123.77%	-6.98%	81.54%	10.94%	50.45%	70.00%	-213.56%	-37.56%	-16.77%
Operating Cash Flow Growth	-71.93%	-63.70%	49.90%	306.18%	-1,003.31%	-28.68%	173.14%	179.32%	200.29%	91.23%	-23.72%
Free Cash Flow Firm Growth	98.90%	103.53%	-101.31%	-222.90%	-514.62%	-328.01%	157.22%	102.73%	321.38%	393.13%	563.14%
Invested Capital Growth	2.77%	2.32%	5.04%	89.73%	5.65%	8.25%	2.63%	2.45%	-5.64%	-6.17%	2.72%
Revenue Q/Q Growth	4.63%	-0.26%	-1.61%	-5.60%	2.04%	1.12%	11.58%	-6.28%	-100.00%	0.00%	89.45%
EBITDA Q/Q Growth	-19.46%	52.74%	-20.65%	3.71%	0.36%	5.20%	14.56%	6.97%	-92.71%	1,111.36%	0.94%
EBIT Q/Q Growth	-26.45%	75.51%	-26.53%	5.64%	0.37%	5.97%	17.43%	8.70%	-116.14%	623.93%	0.65%
NOPAT Q/Q Growth	-29.35%	82.79%	-30.19%	8.33%	2.21%	74.03%	-31.27%	10.30%	-115.52%	594.49%	222.97%
Net Income Q/Q Growth	-50.94%	192.31%	-43.42%	8.53%	-1.90%	80.10%	-21.02%	20.48%	-164.59%	202.63%	0.21%
EPS Q/Q Growth	-49.61%	195.38%	-42.19%	8.11%	-1.67%	80.51%	-21.60%	22.16%	-165.69%	199.25%	4.51%
Operating Cash Flow Q/Q Growth	144.41%	715.23%	-197.40%	158.47%	-294.58%	164.37%	-0.11%	123.26%	-30.13%	22.73%	-60.15%
Free Cash Flow Firm Q/Q Growth	-100.92%	518.42%	-225.36%	-2,458.89%	95.42%	-55.22%	131.46%	22.09%	271.29%	105.53%	-28.83%
Invested Capital Q/Q Growth	61.90%	13.70%	-8.73%	12.93%	-9.85%	16.50%	-13.47%	12.73%	-16.97%	15.86%	-5.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.57%	15.98%	15.09%	15.85%	15.61%	15.57%	14.73%	15.51%	0.00%	15.49%	7.95%
EBITDA Margin	3.05%	4.67%	3.76%	4.13%	4.07%	4.23%	4.34%	4.96%	0.00%	4.02%	2.14%
Operating Margin	2.14%	3.77%	2.83%	3.15%	3.12%	3.25%	3.43%	3.97%	0.00%	3.09%	1.64%
EBIT Margin	2.15%	3.78%	2.82%	3.16%	3.10%	3.25%	3.42%	3.97%	0.00%	3.09%	1.64%
Profit (Net Income) Margin	0.64%	1.88%	1.08%	1.24%	1.19%	2.13%	1.50%	1.93%	0.00%	1.18%	0.62%
Tax Burden Percent	72.00%	75.00%	70.88%	73.04%	73.97%	122.04%	71.38%	72.48%	65.99%	65.73%	63.98%
Interest Burden Percent	41.45%	66.28%	54.01%	53.84%	51.96%	53.52%	61.54%	67.17%	295.30%	58.08%	59.40%
Effective Tax Rate	28.00%	25.00%	29.12%	26.96%	26.03%	-22.04%	28.62%	27.52%	0.00%	34.27%	-111.60%
Return on Invested Capital (ROIC)	7.32%	11.97%	11.64%	15.00%	12.90%	19.07%	13.52%	14.37%	0.00%	8.01%	19.85%
ROIC Less NNEP Spread (ROIC-NNEP)	4.94%	10.01%	9.54%	11.93%	10.50%	15.78%	11.22%	12.56%	0.00%	6.21%	6.30%
Return on Net Nonoperating Assets (RNNOA)	6.72%	18.02%	16.92%	13.65%	18.51%	33.06%	18.33%	23.99%	0.00%	11.18%	9.32%
Return on Equity (ROE)	14.04%	29.99%	28.56%	28.65%	31.41%	52.12%	31.85%	38.36%	0.00%	19.19%	29.17%
Cash Return on Invested Capital (CROIC)	169.66%	148.80%	7.67%	-47.78%	7.74%	4.80%	12.54%	11.81%	19.34%	15.66%	15.58%
Operating Return on Assets (OROA)	4.86%	8.90%	7.84%	11.38%	8.02%	8.38%	8.65%	10.20%	0.00%	6.04%	4.19%
Return on Assets (ROA)	1.45%	4.42%	3.00%	4.48%	3.08%	5.47%	3.80%	4.97%	0.00%	2.30%	1.59%
Return on Common Equity (ROCE)	14.04%	29.99%	28.56%	28.65%	31.41%	52.12%	31.85%	38.36%	0.00%	19.19%	29.17%
Return on Equity Simple (ROE_SIMPLE)	456.29%	464.30%	0.00%	19.07%	20.14%	19.32%	0.00%	22.42%	15.33%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	56	103	72	78	80	139	95	105	-16	81	260
NOPAT Margin	1.54%	2.83%	2.01%	2.30%	2.31%	3.97%	2.45%	2.88%	0.00%	2.03%	3.46%
Net Nonoperating Expense Percent (NNEP)	2.37%	1.96%	2.10%	3.08%	2.40%	3.29%	2.30%	1.81%	1.92%	1.80%	13.55%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.80%	-	-	-	3.60%	3.50%	-0.64%	2.77%	9.71%
Cost of Revenue to Revenue	84.43%	84.02%	84.91%	84.15%	84.39%	84.43%	85.27%	84.49%	0.00%	84.51%	84.05%
SG&A Expenses to Revenue	10.73%	11.24%	10.77%	11.59%	11.38%	11.23%	10.26%	10.42%	0.00%	11.36%	5.76%
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	13.43%	12.21%	12.26%	12.69%	12.49%	12.32%	11.30%	11.46%	0.00%	12.40%	10.94%
Earnings before Interest and Taxes (EBIT)	78	138	101	107	107	114	133	145	-23	123	123
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	111	170	135	140	140	148	169	181	13	160	161
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.88	1.93	2.09	2.12	1.95	1.97	2.04	1.76	2.64	2.43	1.98
Price to Tangible Book Value (P/TBV)	7.62	8.43	8.44	8.23	6.75	7.97	7.92	6.34	13.55	13.40	11.00
Price to Revenue (P/Rev)	0.14	0.14	0.13	0.13	0.13	0.14	0.15	0.13	0.25	0.23	0.14
Price to Earnings (P/E)	0.41	0.42	10.46	11.13	9.70	10.18	10.03	7.76	0.00	0.00	9.32
Dividend Yield	2.36%	2.44%	2.11%	2.08%	2.18%	2.05%	1.97%	2.28%	1.69%	1.88%	2.36%
Earnings Yield	242.26%	240.49%	9.56%	8.99%	10.31%	9.83%	9.97%	12.88%	0.00%	0.00%	10.73%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.29	1.38	1.35	1.35	1.33	1.42	1.28	1.69	1.54	1.39
Enterprise Value to Revenue (EV/Rev)	0.28	0.31	0.24	0.27	0.25	0.29	0.26	0.26	0.37	0.38	0.25
Enterprise Value to EBITDA (EV/EBITDA)	0.74	0.82	6.33	6.98	5.96	7.09	6.21	5.90	8.07	8.32	7.22
Enterprise Value to EBIT (EV/EBIT)	0.76	0.85	8.29	9.16	7.70	9.31	8.05	7.55	11.19	11.53	10.13
Enterprise Value to NOPAT (EV/NOPAT)	0.77	0.86	11.25	12.52	10.47	10.84	9.53	9.12	12.13	16.05	7.72
Enterprise Value to Operating Cash Flow (EV/OCF)	39.82	0.00	0.00	43.92	0.00	0.00	33.97	16.04	8.12	7.40	6.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.79	0.87	18.47	0.00	17.89	28.74	11.50	10.99	8.49	9.53	9.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.93	2.29	1.88	2.19	1.81	1.98	1.49	1.75	1.48	1.73	1.51
Long-Term Debt to Equity	1.86	2.21	1.81	2.11	1.70	1.87	1.42	1.67	1.43	1.68	1.46
Financial Leverage	1.36	1.80	1.77	1.14	1.76	2.09	1.63	1.91	1.55	1.80	1.48
Leverage Ratio	4.94	5.03	5.79	3.87	5.98	5.77	5.76	5.66	5.94	5.65	5.57
Compound Leverage Factor	2.05	3.33	3.13	2.09	3.11	3.09	3.55	3.80	17.55	3.28	3.31
Debt to Total Capital	65.85%	69.56%	65.28%	68.63%	64.39%	66.50%	59.92%	63.67%	59.62%	63.33%	60.20%
Short-Term Debt to Total Capital	2.37%	2.14%	2.34%	2.36%	3.98%	3.88%	2.87%	2.84%	1.82%	1.81%	1.95%
Long-Term Debt to Total Capital	63.48%	67.42%	62.94%	66.27%	60.40%	62.61%	57.05%	60.83%	57.80%	61.52%	58.24%
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	34.15%	30.44%	34.72%	31.37%	35.61%	33.50%	40.08%	36.33%	40.38%	36.67%	39.80%
Debt to EBITDA	0.39	0.45	3.02	3.56	2.92	3.58	2.66	3.00	2.97	3.53	3.13
Net Debt to EBITDA	0.36	0.44	2.97	3.53	2.80	3.55	2.59	2.89	2.76	3.36	3.12
Long-Term Debt to EBITDA	0.37	0.44	2.92	3.44	2.74	3.37	2.53	2.86	2.88	3.43	3.03
Debt to NOPAT	0.41	0.47	5.37	6.38	5.13	5.47	4.08	4.63	4.47	6.80	3.35
Net Debt to NOPAT	0.38	0.46	5.28	6.33	4.93	5.42	3.97	4.47	4.15	6.48	3.33
Long-Term Debt to NOPAT	0.39	0.46	5.18	6.16	4.81	5.15	3.88	4.42	4.34	6.61	3.24
Altman Z-Score	2.92	3.02	3.37	3.33	3.08	3.12	3.14	3.19	2.53	2.64	3.26
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	1.15	1.12	1.10	1.09	1.10	1.11	1.09	1.09	1.03	1.02	1.09
Quick Ratio	0.26	0.23	0.24	0.19	0.19	0.18	0.20	0.22	0.19	0.19	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.52	40	-50	-1,278	-59	-91	29	35	130	266	190
Operating Cash Flow to CapEx	39.74%	157.62%	0.00%	177.92%	-528.68%	292.67%	0.00%	551.55%	516.23%	10,493.75%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.21	0.86	-1.07	-25.93	-1.14	-1.72	0.56	0.73	2.84	5.18	3.78
Operating Cash Flow to Interest Expense	0.33	2.65	-2.58	1.42	-2.65	1.66	1.71	4.11	2.99	3.27	1.34
Operating Cash Flow Less CapEx to Interest Expense	-0.50	0.97	5.16	0.62	-3.15	1.09	8.30	3.37	2.41	3.24	7.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.27	2.36	2.78	3.61	2.58	2.57	2.53	2.57	1.88	1.96	2.55
Accounts Receivable Turnover	30.66	29.39	29.02	0.00	33.42	32.05	27.78	30.99	26.31	26.09	31.41
Inventory Turnover	3.81	4.04	8.68	0.00	6.98	7.01	6.81	6.86	4.59	4.91	6.43
Fixed Asset Turnover	7.50	7.38	9.09	8.94	8.92	8.69	8.87	9.02	6.87	7.22	9.56
Accounts Payable Turnover	38.59	37.72	84.15	0.00	67.64	80.64	74.78	75.87	47.63	53.77	79.08
Days Sales Outstanding (DSO)	11.90	12.42	12.58	0.00	10.92	11.39	13.14	11.78	13.87	13.99	11.62
Days Inventory Outstanding (DIO)	95.72	90.24	42.06	0.00	52.31	52.06	53.64	53.21	79.44	74.28	56.74
Days Payable Outstanding (DPO)	9.46	9.68	4.34	0.00	5.40	4.53	4.88	4.81	7.66	6.79	4.62
Cash Conversion Cycle (CCC)	98.17	92.98	50.30	0.00	57.83	58.92	61.89	60.18	85.65	81.48	63.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,447	2,783	2,540	2,868	2,586	3,012	2,606	2,938	2,440	2,826	2,677
Invested Capital Turnover	4.74	4.23	5.80	6.51	5.59	4.80	5.53	4.99	4.39	3.95	5.74
Increase / (Decrease) in Invested Capital	66	63	122	1,356	138	230	67	70	-146	-186	71
Enterprise Value (EV)	3,222	3,581	3,511	3,883	3,487	3,992	3,710	3,768	4,125	4,356	3,723
Market Capitalization	1,651	1,656	1,864	1,919	1,846	1,995	2,166	1,921	2,715	2,598	2,114
Book Value per Share	$24.75	$24.19	$26.32	$26.60	$27.87	$29.75	$31.07	$32.35	$30.32	$31.31	$31.26
Tangible Book Value per Share	$6.12	$5.54	$6.51	$6.86	$8.07	$7.34	$8.00	$8.99	$5.90	$5.68	$5.62
Total Capital	2,567	2,817	2,569	2,883	2,653	3,030	2,650	3,003	2,550	2,916	2,684
Total Debt	1,690	1,960	1,677	1,979	1,708	2,015	1,588	1,912	1,520	1,847	1,615
Total Long-Term Debt	1,630	1,899	1,617	1,911	1,602	1,897	1,512	1,827	1,474	1,794	1,563
Net Debt	1,571	1,925	1,648	1,964	1,641	1,997	1,544	1,847	1,410	1,757	1,609
Capital Expenditures (CapEx)	38	78	-360	39	26	30	-338	36	27	1.60	-295
Debt-free, Cash-free Net Working Capital (DFCFNWC)	234	258	259	264	304	373	280	262	6.60	15	281
Debt-free Net Working Capital (DFNWC)	354	293	288	279	371	391	324	326	117	105	287
Net Working Capital (NWC)	293	232	228	211	265	273	248	241	71	52	235
Net Nonoperating Expense (NNE)	33	35	33	36	38	64	37	35	29	34	214
Net Nonoperating Obligations (NNO)	1,571	1,925	1,648	1,964	1,641	1,997	1,544	1,847	1,410	1,757	1,609
Total Depreciation and Amortization (D&A)	33	32	34	33	33	34	36	36	37	37	38
Debt-free, Cash-free Net Working Capital to Revenue	2.04%	2.22%	1.80%	1.85%	2.16%	2.68%	1.97%	1.81%	0.06%	0.13%	1.85%
Debt-free Net Working Capital to Revenue	3.09%	2.51%	2.00%	1.96%	2.64%	2.81%	2.28%	2.25%	1.06%	0.91%	1.89%
Net Working Capital to Revenue	2.56%	2.00%	1.58%	1.48%	1.89%	1.96%	1.74%	1.66%	0.64%	0.45%	1.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	$1.96	$1.14	$1.24	$1.21	$2.18	$1.71	$2.09	($1.34)	$1.37	$1.37
Adjusted Weighted Average Basic Shares Outstanding	35.30M	34.90M	35M	34M	34M	34M	34.10M	33.90M	34.10M	34.20M	34M
Adjusted Diluted Earnings per Share	$0.65	$1.92	$1.11	$1.20	$1.18	$2.13	$1.67	$2.04	($1.34)	$1.33	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	36M	35.60M	35.90M	34.90M	34.90M	34.90M	35M	34.60M	34.10M	35.10M	34.70M
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	35.44M	33.89M	33.72M	33.89M	34.12M	34.19M	33.72M	33.96M	34.15M	34.17M	33.58M
Normalized Net Operating Profit after Tax (NOPAT)	101	103	84	79	81	80	96	104	-137	81	329
Normalized NOPAT Margin	2.78%	2.83%	2.34%	2.32%	2.34%	2.28%	2.47%	2.85%	0.00%	2.03%	4.38%
Pre Tax Income Margin	0.89%	2.50%	1.52%	1.70%	1.61%	1.74%	2.11%	2.67%	0.00%	1.79%	0.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.71	2.97	2.17	2.17	2.08	2.15	2.60	3.05	-0.51	2.39	2.46
NOPAT to Interest Expense	1.23	2.22	1.55	1.58	1.55	2.63	1.86	2.21	-0.36	1.57	5.20
EBIT Less CapEx to Interest Expense	0.88	1.28	9.91	1.37	1.58	1.58	9.19	2.30	-1.09	2.35	8.35
NOPAT Less CapEx to Interest Expense	0.40	0.54	9.29	0.78	1.05	2.06	8.45	1.46	-0.94	1.54	11.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.73%	-0.74%	-22.45%	-23.19%	-20.91%	-20.19%	-18.89%	-15.99%	-23.70%	-27.30%	-41.11%
Augmented Payout Ratio	-7.34%	-9.02%	-122.11%	-163.07%	-147.66%	-187.46%	-34.81%	-26.66%	-34.73%	-40.64%	-110.53%

Financials Breakdown Chart

Key Financial Trends

Sonic Automotive (NYSE: SAH) shows expanding scale but uneven earnings quality and cash-flow visibility. Revenue generally increased from approximately $3.5 billion per quarter in 2023 and early 2024 to $3.65 billion in Q1 2025 and $3.97 billion in Q3 2025. The reported $7.53 billion in Q4 2025 is a significant outlier and may reflect acquisitions, consolidation, or a data-classification change rather than ordinary organic growth.

Profitability has been more volatile than revenue. Operating income remained relatively stable near $100 million to $145 million in most periods, but Q2 2025 included a $172.4 million impairment charge and produced a consolidated net loss of $45.6 million. Q4 2025 included another large impairment charge of $347.6 million, limiting operating income to $123.1 million despite the unusually high revenue figure.

Reported diluted EPS improved to $2.04 in Q1 2025 from $1.20 in Q1 2024, fell to a loss of $1.34 in Q2, and recovered to $1.33 in Q3. Q4 2025 diluted EPS was reported at $1.39. However, the Q4 2025 data contains an important inconsistency: consolidated net income is listed at $46.9 million, while net income attributable to common shareholders is listed at $409.7 million. Investors should verify the company’s filing before relying on the Q4 EPS and net-income figures.

Cash generation improved during much of 2025. Operating cash flow was $195.8 million in Q1 and $167.9 million in Q3, compared with negative $136.4 million in Q2 2024 and negative $34.0 million in Q1 2024. Q4 2025 operating cash flow was only $66.9 million, despite net income of $46.9 million. Cash-flow data also shows unusually large Q4 2025 acquisitions and capital expenditures alongside a relatively small reported investing cash outflow, suggesting that some entries may be presented with inconsistent signs or classifications.

The balance sheet indicates that Sonic has grown substantially since 2023. Total assets increased from $5.05 billion in Q3 2023 to $6.02 billion in Q3 2025, while total equity rose from $857.5 million to $1.07 billion. Cash also improved from $34.6 million to $89.4 million over that period, although liquidity remains closely tied to inventory turnover and financing availability.

Revenue scale is increasing: Reported revenue rose from roughly $3.4 billion to $4.0 billion per quarter across comparable periods, with Q4 2025 showing a much larger reported figure.
Operating cash flow recovered: Q1 and Q3 2025 generated $195.8 million and $167.9 million of operating cash flow, respectively, reversing the weaker cash generation seen in early 2024.
Equity has expanded: Total equity increased to $1.07 billion in Q3 2025 from $857.5 million in Q3 2023.
Share count has declined: Basic weighted-average shares fell from 38.3 million in Q3 2022 to 34.0 million in Q4 2025, supporting per-share results when earnings are positive.
Debt appears broadly controlled over the longer period: Debt and capital lease obligations in Q3 2025 were approximately $1.90 billion, slightly below the roughly $1.96 billion reported in Q3 2023.
Acquisition activity is becoming more important: Acquisitions totaled $359.9 million in Q2 and $80.4 million in Q3 2025, followed by a reported $880.6 million in Q4. The eventual returns from these investments will be important to future earnings.
Inventory remains a major balance-sheet asset: Net inventory was approximately $2.06 billion in Q3 2025, making working-capital management and vehicle demand important drivers of liquidity.
Impairment charges are recurring: Sonic recorded a $172.4 million impairment charge in Q2 2025 and a $347.6 million charge in Q4 2025, signaling asset-quality or acquisition-related risks.
Interest expense remains substantial: Quarterly interest expense was approximately $45.7 million to $51.4 million during 2024 and 2025, absorbing a meaningful portion of operating income.
Data quality complicates the investment case: Q2 2025 revenue is listed as zero despite reported gross profit, while Q4 2025 net income, common-shareholder income, and cash-flow classifications do not reconcile cleanly. Investors should consult Sonic Automotive’s filed financial statements before making valuation decisions.

09/13/26 10:48 AM ETAI Generated. May Contain Errors.

Sonic Automotive Financials - Frequently Asked Questions

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

Sonic Automotive's net income appears to be on an upward trend, with a most recent value of $118.70 million in 2025, rising from $86.31 million in 2015. The previous period was $216 million in 2024. Check out Sonic Automotive's forecast to explore projected trends and price targets.

Sonic Automotive's total operating income in 2025 was $367.50 million, based on the following breakdown:

Total Gross Profit: $2.38 billion
Total Operating Expenses: $2.02 billion

Over the last 10 years, Sonic Automotive's total revenue changed from $9.62 billion in 2015 to $15.15 billion in 2025, a change of 57.5%.

Sonic Automotive's total liabilities were at $5.36 billion at the end of 2025, a 10.8% increase from 2024, and a 89.1% increase since 2015.

In the past 10 years, Sonic Automotive's cash and equivalents has ranged from $3.11 million in 2016 to $299.40 million in 2021, and is currently $19.20 million as of their latest financial filing in 2025.

Over the last 10 years, Sonic Automotive's book value per share changed from 14.64 in 2015 to 31.26 in 2025, a change of 113.5%.

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Financial statements for NYSE:SAH last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Sonic Automotive (SAH) Financials

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