PAG · Penske Automotive Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $31.81B | $30.46B | $29.53B | $27.81B | $25.55B | $20.44B |
| Cost of Revenue | $26.59B | $25.44B | $24.59B | $22.98B | $21.11B | $17.26B |
| Gross Profit | $5.22B | $5.01B | $4.93B | $4.84B | $4.44B | $3.18B |
| R&D | - | - | - | - | - | - |
| SG&A | $3.76B | $3.54B | $3.40B | $3.22B | $2.96B | $2.36B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $172.30M | $158.00M | $141.00M | $127.30M | $121.50M | $115.50M |
| Operating Income | $1.28B | $1.32B | $1.35B | $1.49B | $1.36B | $704.50M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $325.80M | $316.50M | $360.90M | $473.00M | $416.30M | $162.70M |
| Net Income | $935.40M | $918.90M | $1.05B | $1.38B | $1.19B | $543.60M |
| EPS - Basic | $14.13 | $13.74 | $15.50 | $18.55 | $14.89 | $6.74 |
| EPS - Diluted | $14.13 | $13.74 | $15.50 | $18.55 | $14.89 | $6.74 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $64.70M | $72.40M | $96.40M | $106.50M | $100.70M | $49.50M |
| Accounts Receivable | $1.07B | $1.00B | $1.11B | $906.70M | $734.00M | $806.90M |
| Inventory | $4.81B | $4.64B | $4.29B | $3.51B | $3.13B | $3.43B |
| Accounts Payable | $899.80M | $851.70M | $866.90M | $853.50M | $767.10M | $675.40M |
| Current Assets | $6.19B | $5.93B | $5.68B | $4.66B | $4.08B | $4.41B |
| Total Assets | $17.60B | $16.72B | $15.67B | $14.11B | $13.46B | $13.25B |
| Current Liabilities | $6.28B | $6.49B | $5.66B | $4.71B | $4.27B | $4.67B |
| Long-term Debt | $1.81B | $1.13B | $1.42B | $1.55B | $1.39B | $1.60B |
| Total Liabilities | $12.02B | $11.49B | $10.92B | $9.94B | $9.37B | $9.92B |
| Stockholders' Equity | $5.56B | $5.21B | $4.73B | $4.15B | $4.07B | $3.30B |
| Retained Earnings | $5.75B | $5.57B | $4.99B | $4.48B | $4.20B | $3.15B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $975.10M | $1.18B | $1.09B | $1.46B | $1.29B | $1.20B |
| Investing Cash Flow | ($175.00M) | ($1.04B) | ($572.30M) | ($641.70M) | ($136.50M) | ($136.50M) |
| Financing Cash Flow | ($825.50M) | ($164.70M) | ($531.10M) | ($798.00M) | ($1.05B) | ($1.05B) |
| CapEx | $324.60M | $368.70M | $375.30M | $282.50M | $248.90M | $185.90M |
| Free Cash Flow | $650.50M | $811.10M | $718.30M | $1.18B | $1.04B | $1.02B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 16.4% | 16.5% | 16.7% | 17.4% | 17.4% | 15.6% |
| Operating margin | 4.0% | 4.3% | 4.6% | 5.3% | 5.3% | 3.4% |
| EBITDA margin | 4.6% | 4.8% | 5.1% | 5.8% | 5.8% | 4.0% |
| Net margin | 2.9% | 3.0% | 3.6% | 5.0% | 4.6% | 2.7% |
| Free cash flow margin | 2.0% | 2.7% | 2.4% | 4.2% | 4.1% | 5.0% |
| FCF / Net income | 0.70 | 0.88 | 0.68 | 0.85 | 0.88 | 1.87 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.8% | 11.6% | 11.5% | 11.6% | 11.6% | 11.6% |
| Effective tax rate | 25.8% | 25.6% | 25.5% | 25.5% | 26.0% | 23.0% |
| Return on assets | 5.3% | 5.5% | 6.7% | 9.8% | 8.8% | 4.1% |
| Return on equity | 16.8% | 17.6% | 22.3% | 33.3% | 29.2% | 16.5% |
| Return on invested capital | 12.9% | 15.4% | 16.4% | 19.5% | 18.4% | 11.1% |
| Liquidity | ||||||
| Current ratio | 0.99 | 0.91 | 1.00 | 0.99 | 0.95 | 0.94 |
| Quick ratio | 0.22 | 0.20 | 0.25 | 0.25 | 0.22 | 0.21 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 |
| Leverage | ||||||
| Debt / Equity | 0.33 | 0.22 | 0.30 | 0.37 | 0.34 | 0.49 |
| Debt / Assets | 0.10 | 0.07 | 0.09 | 0.11 | 0.10 | 0.12 |
| Debt / EBITDA | 1.25 | 0.77 | 0.95 | 0.96 | 0.94 | 1.95 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.16 | 3.21 | 3.32 | 3.40 | 3.31 | 4.01 |
| Liabilities / Assets | 0.68 | 0.69 | 0.70 | 0.70 | 0.70 | 0.75 |
| Efficiency | ||||||
| Asset turnover | 1.81 | 1.82 | 1.88 | 1.97 | 1.90 | 1.54 |
| Inventory turnover | 5.52 | 5.48 | 5.73 | 6.55 | 6.75 | 5.04 |
| Days sales outstanding | 12d | 12d | 14d | 12d | 10d | 14d |
| Days inventory outstanding | 66d | 67d | 64d | 56d | 54d | 72d |
| Days payable outstanding | 12d | 12d | 13d | 14d | 13d | 14d |
| Cash conversion cycle | 66d | 66d | 65d | 54d | 51d | 73d |
| Valuation | ||||||
| P / E | 11.2x | 11.1x | 10.4x | 6.2x | 7.2x | 8.8x |
| P / B | 1.9x | 2.0x | 2.3x | 2.1x | 2.1x | 1.4x |
| P / S | 0.3x | 0.3x | 0.4x | 0.3x | 0.3x | 0.2x |
| EV / EBITDA | 8.4x | 7.6x | 8.2x | 6.2x | 6.7x | 7.7x |
| Growth | ||||||
| Revenue growth (YoY) | 4.4% | 3.1% | 6.2% | 8.8% | 25.0% | -11.8% |
| Revenue CAGR (3y) | 4.6% | 6.0% | 13.0% | 6.3% | 8.3% | -1.5% |
| Revenue CAGR (5y) | 9.2% | 5.6% | 8.0% | 5.4% | 4.9% | 1.2% |
| Gross profit growth (YoY) | 4.1% | 1.6% | 2.0% | 9.0% | 39.5% | -7.8% |
| Operating income growth (YoY) | -2.7% | -2.6% | -9.2% | 9.7% | 92.5% | 7.9% |
| Net income growth (YoY) | 1.8% | -12.8% | -23.7% | 16.2% | 118.5% | 24.7% |
| EPS growth (YoY) | 2.8% | -11.4% | -16.4% | 24.6% | 120.9% | 27.7% |
| EPS CAGR (3y) | -8.7% | -2.6% | 32.0% | 52.0% | 39.1% | -1.9% |
| EPS CAGR (5y) | 16.0% | 21.1% | 22.9% | 21.0% | 30.1% | 13.2% |
| FCF growth (YoY) | -19.8% | 12.9% | -38.9% | 12.8% | 2.7% | 272.0% |
| FCF CAGR (5y) | -8.5% | 24.3% | 18.4% | 25.6% | 45.1% | 39.5% |
| Book value growth (YoY) | 6.8% | 10.2% | 13.9% | 1.9% | 23.2% | 18.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$32.73B totalRetail Automotive Dealership Segment$27.47B · 83.9%
Retail Commercial Truck Dealership Segment$3.41B · 10.4%
Commercial Vehicle Distribution And Other$922.60M · 2.8%
All Other Segments$922.60M · 2.8%
Product / service
$27.50B totalNew Vehicle$12.86B · 46.8%
Used Vehicle$8.94B · 32.5%
Service And Parts$3.38B · 12.3%
Fleet And Wholesale$1.48B · 5.4%
Finance And Insurance Net$816.50M · 3.0%
Other Product$22.60M · 0.1%
Geographic
$31.37B totalUS$16.64B · 53.1%
GB$8.33B · 26.6%
Non USAnd Non UK$3.90B · 12.4%
Germany Italy Japan And Australia$2.50B · 8.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.50
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing PENSKE AUTOMOTIVE GROUP against the 5 most active filers in the same SIC group.
Dividends
$5.52/share trailing 12 months · +16.5% YoY
| Ex-date | Per share |
|---|---|
| May 26, 2026 | $1.4200 |
| Feb 25, 2026 | $1.4000 |
| Nov 14, 2025 | $1.3800 |
| Aug 15, 2025 | $1.3200 |
| May 27, 2025 | $1.2600 |
| Feb 24, 2025 | $1.2200 |
| Nov 15, 2024 | $1.1900 |
| Aug 15, 2024 | $1.0700 |
| May 17, 2024 | $0.9600 |
| Feb 14, 2024 | $0.8700 |
| Nov 9, 2023 | $0.7900 |
| Aug 9, 2023 | $0.7200 |
| May 19, 2023 | $0.6600 |
| Feb 9, 2023 | $0.6100 |
| Nov 9, 2022 | $0.5700 |
| Aug 9, 2022 | $0.5300 |
| May 20, 2022 | $0.5000 |
| Feb 9, 2022 | $0.4700 |
| Nov 9, 2021 | $0.4600 |
| Aug 9, 2021 | $0.4500 |
| May 21, 2021 | $0.4400 |
| Feb 9, 2021 | $0.4300 |
| Nov 9, 2020 | $0.4200 |
| Feb 21, 2020 | $0.4200 |