Credit Acceptance Corp (CACC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$11.8	$12.1	+2.3%	—	$582.2M	—
Q1 26	$10.5	$10.7	+1.9%	—	$574.8M	—
Q4 25	$9.85	$11.3	+15.2%	—	$573.6M	—
Q3 25	$9.45	$10.3	+8.8%	—	$576.4M	—
Q2 25	$9.83	$8.56	-12.9%	—	$575.6M	—
Q1 25	$9.67	$9.35	-3.3%	—	$562.3M	—
Q4 24	$7.93	$10.2	+28.2%	—	$557.7M	—
Q3 24	$9.05	$8.79	-2.9%	—	$543.6M	—
Q2 24	$8.91	$10.3	+15.5%	—	$531.3M	—
Q1 24	$9.13	$9.28	+1.6%	—	$501.7M	—
Q4 23	$7.34	$10.1	+37.1%	—	$485.4M	—
Q3 23	$5.71	$5.43	-4.9%	—	$472.8M	—
Q2 23	$8.18	$1.69	-79.3%	—	$472.6M	—
Q1 23	$8.81	$7.61	-13.6%	—	$449M	—
Q4 22	$7.16	$9.58	+33.8%	—	$455.4M	—
Q3 22	$10.3	$6.49	-37.2%	—	$457.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$37	—	—	$2.3B	—
FY24	—	$20.1	—	—	$2.1B	—
FY23	—	$22.1	—	—	$1.9B	—
FY22	—	$39.5	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$965.2M	$1.1B	$1.3B	$1.5B	$1.7B	$1.9B	$1.8B	$1.9B	$2.1B	$2.3B
YoY change	+17.2%	+14.7%	+15.6%	+15.6%	+12.6%	+11.2%	-1.51%	+3.12%	+13.5%	+7.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	965.2M	1.1B	1.3B	1.5B	1.7B	1.9B	1.8B	1.9B	2.1B	2.3B
Cost of revenue	250.2M	283M	350.4M	419.6M	416.4M	421.1M	475M	617.4M	802.2M	871.7M
Gross profit	715M	824.2M	929.6M	1.1B	1.2B	1.4B	1.3B	1.3B	1.3B	1.4B
Gross margin	74.1%	74.4%	72.6%	71.6%	75%	77.2%	73.9%	67.2%	62.4%	61.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	97.6M	113.9M	123.4M	135.3M	139.1M	165.6M	164.3M	178.9M	192.3M	180.2M
Operating expenses	95.3M	113.3M	122.6M	134.2M	137.9M	164.9M	164.4M	178.9M	192.3M	180.2M
Operating income	527.2M	581M	749.3M	848.1M	552.8M	1.3B	702.3M	347.3M	325.1M	619.9M
Operating margin	54.6%	52.5%	58.5%	57.3%	33.2%	67.8%	38.5%	18.5%	15.2%	27.1%
Non-operating income, net	2.3M	600K	800K	-700K	-6.2M	3.9M	2.8M	600K	-21.8M	-82M
Pretax income	531.2M	583.8M	755.1M	855.9M	549.5M	1.3B	711.7M	367.6M	329.5M	565.4M
Income tax	198.4M	113.6M	181.1M	199.8M	128.5M	302.6M	175.9M	81.5M	81.6M	141.5M
Net income	332.8M	470.2M	574M	656.1M	421M	958.3M	535.8M	286.1M	247.9M	423.9M
Net margin	34.5%	42.5%	44.8%	44.3%	25.3%	51.8%	29.4%	15.2%	11.6%	18.5%
EBITDA	542.5M	597.4M	768.8M	872.3M	584M	1.3B	727.9M	375.7M	376.6M	730.3M
EPS	16.4	24.1	29.5	34.7	23.6	59.6	39.5	22.1	20.1	37
Diluted EPS	16.3	24	29.4	34.6	23.5	59.5	39.3	22	19.9	36.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	472.8M	485.4M	501.7M	531.3M	543.6M	557.7M	562.3M	575.6M	576.4M	573.6M	574.8M	582.2M
Cost of revenue	153.7M	161.5M	188M	200.6M	207M	206.6M	219.4M	221.6M	220.4M	210.3M	212.8M	203.6M
Gross profit	319.1M	323.9M	313.7M	330.7M	336.6M	351.1M	342.9M	354M	356M	363.3M	362M	378.6M
Gross margin	67.5%	66.7%	62.5%	62.2%	61.9%	63%	61%	61.5%	61.8%	63.3%	63%	65%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	43.8M	48.2M	47.6M	48.6M	52.1M	44M	46.9M	71.8M	61.1M	400K	52.6M	56M
Operating expenses	43.8M	48.2M	47.6M	48.6M	52.1M	44M	46.9M	71.8M	61.1M	400K	52.6M	56M
Operating income	90.7M	112M	80.1M	-38.5M	99.8M	183.7M	134.1M	109.6M	142.9M	233.3M	169.8M	163.4M
Operating margin	19.2%	23.1%	16%	-7.25%	18.4%	32.9%	23.8%	19%	24.8%	40.7%	29.5%	28.1%
Non-operating income, net	500K	-1M	500K	-23.2M	300K	600K	-800K	400K	300K	-81.9M	400K	200K
Pretax income	96.5M	116.4M	86.4M	-55.3M	106.5M	191.9M	141.7M	117.8M	148.9M	157M	175M	168.6M
Income tax	25.7M	22.8M	22.1M	-8.2M	27.7M	40M	35.4M	30.4M	40.7M	35M	39.2M	32.7M
Net income	70.8M	93.6M	64.3M	-47.1M	78.8M	151.9M	106.3M	87.4M	108.2M	122M	135.8M	135.9M
Net margin	15%	19.3%	12.8%	-8.87%	14.5%	27.2%	18.9%	15.2%	18.8%	21.3%	23.6%	23.3%
EBITDA	97.8M	118.7M	87.2M	-7.9M	106.7M	190.6M	142.2M	116.4M	149.7M	322M	175.7M	168.8M
EPS	5.47	7.33	5.15	-3.83	6.42	12.4	8.79	7.55	9.62	11.2	12.6	—
Diluted EPS	5.43	7.29	5.08	-3.83	6.35	12.3	8.66	7.42	9.43	11	12.4	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.4B	6.3B	7.4B	8.4B	6.2B	11.1B	—	6.9B	5.8B	5.1B	5.8B
Enterprise value	7.7B	9.3B	11.7B	12.7B	10.9B	15.7B	—	12B	11.8B	11.4B	12.1B
Shares outstanding	20.3M	19.5M	19.4M	18.9M	17.9M	16.1M	13.6M	13M	12.3M	11.5M	11.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	13.3	13.4	12.9	12.7	14.7	11.5	—	24.1	23.3	12	12.1
P/S	4.58	5.7	5.8	5.65	3.71	5.98	—	3.67	2.71	2.22	4.4
P/B	3.77	4.11	3.73	3.55	2.68	6.06	—	3.93	3.31	3.33	3.58
EV/EBITDA	14.2	15.6	15.2	14.5	18.6	12.2	—	31.8	31.3	15.6	16.5
EV/Sales	7.99	8.43	9.15	8.56	6.53	8.46	—	6.36	5.53	4.99	9.25
Earnings yield	7.53%	7.46%	7.73%	7.85%	6.81%	8.66%	—	4.15%	4.29%	8.35%	8.26%
FCF yield	11.3%	8.84%	9.14%	9.4%	15.8%	9.6%	—	17.4%	19.6%	20.7%	7.37%
PEG	—	—	—	—	—	—	—	—	—	—	10

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	74.1%	74.4%	72.6%	71.6%	75%	77.2%	73.9%	67.2%	62.4%	61.9%	65%
Operating margin	54.6%	52.5%	58.5%	57.3%	33.2%	67.8%	38.5%	18.5%	15.2%	27.1%	52.6%
Net margin	34.5%	42.5%	44.8%	44.3%	25.3%	51.8%	29.4%	15.2%	11.6%	18.5%	38.5%
ROE	28.4%	30.6%	28.8%	27.9%	18.3%	52.5%	33%	16.3%	14.2%	27.8%	31.9%
ROA	7.89%	9.43%	9.2%	8.84%	5.62%	13.6%	7.76%	3.76%	2.8%	4.91%	5.79%
ROIC	7.39%	10.2%	9.07%	9.76%	6.06%	14.9%	8.52%	3.97%	3.15%	5.92%	6.96%
Return on tangible assets	7.89%	9.43%	9.2%	8.84%	5.62%	13.6%	7.76%	3.76%	2.8%	4.91%	5.82%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	24.7	25.5	32.3	35.2	39.2	39.3	25.6	18.6	20.1	21.2	4.83
Quick ratio	24.7	25.5	32.3	35.2	39.2	39.3	25.6	18.6	20.1	21.2	21.3
Debt / equity	2.86	2.01	2.2	1.93	2.04	2.53	2.83	2.89	3.63	4.17	3.96
Debt / assets	0.79	0.62	0.7	0.61	0.63	0.66	0.66	0.67	0.72	0.74	0.73
Net debt / EBITDA	6.07	5.07	5.58	4.93	8.03	3.58	6.3	13.5	16	8.67	7.7
Interest coverage	5.4	4.83	4.78	4.32	—	—	—	—	—	—	—
Effective tax rate	37.3%	19.5%	24%	23.3%	23.4%	24%	24.7%	22.2%	24.8%	25%	22.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	47.5	56.8	65.8	78.3	93.2	115.1	134.4	145.1	173.2	199.8	120.2
EPS (basic)	16.4	24.1	29.5	34.7	23.6	59.6	39.5	22.1	20.1	37	37
EPS (diluted)	16.3	24	29.4	34.6	23.5	59.5	39.3	22	19.9	36.4	45.3
Book value per share	57.7	78.8	102.4	124.6	128.9	113.4	119.7	135.4	142	133	153.1
FCF per share	24.7	28.6	34.9	41.6	54.7	66	91.1	92.6	92.2	92	40.9
Cash per share	2.95	2.78	4.34	13.1	0.9	1.45	0.57	1.02	27.9	1.99	0.14
Capex per share	0.27	0.43	1.29	1.42	0.48	0.47	0.23	0.31	0.11	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.57%	0.76%	1.96%	1.81%	0.51%	0.41%	0.17%	0.21%	0.07%	—	—
Capex / operating cash flow	1.42%	2.03%	3.69%	3.61%	2.01%	0.72%	0.41%	1.03%	0.53%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$472.8M	$485.4M	$501.7M	$531.3M	$543.6M	$557.7M	$562.3M	$575.6M	$576.4M	$573.6M	$574.8M	$582.2M
YoY change	+3.28%	+6.59%	+11.7%	+12.4%	+15%	+14.9%	+12.1%	+8.34%	+6.03%	+2.85%	+2.22%	+1.15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	59.9M	54.3M	84.3M	246.7M	16M	23.3M	7.7M	13.2M	343.7M	22.8M
Receivables	3.9B	4.6B	5.8B	6.7B	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	4.1B	4.9B	6.1B	7.3B	7.3B	6.9B	6.7B	7.4B	8.7B	8.5B
Property, plant & equipment	33.2M	36.2M	44.3M	46.5M	41.2M	-1.8M	-7.4M	-12.3M	-2.9M	-5.2M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	4.2B	5B	6.2B	7.4B	7.5B	7.1B	6.9B	7.6B	8.9B	8.6B
Accounts payable	143.9M	151.7M	186.4M	206.4M	186.7M	175M	260.8M	318.8M	315.8M	400.2M
Short-term debt	749.6M	13.9M	550M	11.3M	95.9M	2.6M	—	—	—	—
Total current liabilities	167.5M	191.6M	188.9M	206.6M	186.9M	175.2M	263.3M	399.8M	433M	400.2M
Long-term debt	2.6B	3.1B	3.8B	4.5B	4.6B	4.6B	4.6B	5.1B	6.4B	6.4B
Total liabilities	3B	3.4B	4.2B	5.1B	5.2B	5.2B	5.3B	5.9B	7.1B	7.1B
Shareholders' equity	1.2B	1.5B	2B	2.4B	2.3B	1.8B	1.6B	1.8B	1.7B	1.5B
Total debt	3.4B	3.1B	4.4B	4.5B	4.7B	4.6B	4.6B	5.1B	6.4B	6.4B
Net debt	3.3B	3.1B	4.3B	4.4B	4.7B	4.6B	4.6B	5.1B	6B	6.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	3.1M	13.2M	8.4M	8.3M	159.7M	343.7M	528.8M	70M	15.9M	22.8M	25.7M	1.4M
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	7.2B	7.4B	7.9B	8.1B	8.5B	8.7B	9.1B	8.6B	8.5B	8.5B	8.5B	8.5B
Property, plant & equipment	—	-12.3M	-14.2M	-1.1M	-2.3M	-2.9M	—	—	—	-5.2M	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	7.4B	7.6B	8.1B	8.3B	8.7B	8.9B	9.3B	8.7B	8.6B	8.6B	8.7B	8.6B
Accounts payable	284.1M	318.8M	342.7M	344.2M	364.4M	315.8M	377M	378.8M	382.9M	400.2M	415.3M	394M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	293.6M	399.8M	412.2M	344.4M	364.6M	433M	521M	392.6M	394.8M	400.2M	415.3M	398.3M
Long-term debt	4.9B	5.1B	5.6B	5.9B	6.2B	6.4B	6.7B	6.5B	6.4B	6.4B	6.4B	6.3B
Total liabilities	5.7B	5.9B	6.4B	6.7B	7B	7.1B	7.5B	7.2B	7.1B	7.1B	7.2B	7B
Shareholders' equity	1.7B	1.8B	1.7B	1.6B	1.6B	1.7B	1.7B	1.6B	1.6B	1.5B	1.5B	1.6B
Total debt	4.9B	5.1B	5.6B	5.9B	6.2B	6.4B	6.7B	6.5B	6.4B	6.4B	6.4B	6.3B
Net debt	4.9B	5.1B	5.6B	5.9B	6.1B	6B	6.2B	6.4B	6.4B	6.3B	6.4B	6.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	332.8M	470.2M	574M	656.1M	421M	958.3M	535.8M	286.1M	247.9M	423.9M
Depreciation & amortization	15.3M	16.4M	19.5M	22.4M	23.8M	26.3M	25.6M	26.6M	27.8M	26.6M
Stock-based compensation	7.4M	15.4M	10.3M	7.6M	6.2M	24.8M	36.5M	39.1M	45M	50.7M
Change in working capital	7.7M	-2.6M	27.1M	-29M	-96.2M	7.3M	164.5M	72.9M	12.2M	18.9M
Operating cash flow	387.5M	413.9M	680M	742.4M	422.4M	1.1B	755M	387.3M	263.3M	1.1B
Capital expenditure	-5.5M	-8.4M	-25.1M	-26.8M	-8.5M	-7.6M	-3.1M	-4M	1.4M	—
Investing cash flow	-917.3M	-906.3M	-1.3B	-1.1B	-716.7M	398.5M	-510.7M	-1.4B	-1.7B	-672.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-121.7M	-123.5M	-129.1M	-300.4M	-480.8M	-1.5B	-784.5M	-202.6M	-313.3M	-725.4M
Financing cash flow	378.9M	344.2M	757.9M	228.4M	-337.3M	-1.5B	-809.7M	261M	941.7M	-748.1M
Net change in cash	-150.9M	-148.2M	155.8M	-93.5M	-631.6M	-21M	-565.4M	-768.5M	-516.1M	-366.2M
Free cash flow	501.7M	557.6M	678.8M	785.5M	976.7M	1.1B	1.2B	1.2B	1.1B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	70.8M	93.6M	64.3M	-47.1M	78.8M	151.9M	106.3M	87.4M	108.2M	122M	135.8M	135.9M
Depreciation & amortization	7.1M	6.7M	7.1M	6.9M	6.9M	6.9M	6.9M	6.8M	6.8M	6.1M	5.9M	5.4M
Stock-based compensation	9.3M	10.1M	10.9M	10.6M	10.7M	12.8M	12.9M	12.7M	12.1M	13M	11.3M	8.7M
Change in working capital	18.9M	36.8M	20.9M	-29.8M	23.4M	-2.3M	28.4M	5.4M	30.2M	-45.1M	51.5M	3.3M
Operating cash flow	119.5M	74.2M	135.5M	-71M	133M	65.8M	156.3M	139.7M	299.4M	269.3M	346.8M	309.5M
Capital expenditure	100K	-1.7M	-300K	2.8M	-400K	-700K	-300K	—	—	—	—	—
Investing cash flow	-359.9M	-344.9M	-583.9M	-527.5M	-424M	-187.2M	-291.6M	-193.9M	-127M	-60.5M	-190.8M	-169.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-126.3M	-53.6M	-191.1M	-60.8M	0	-61.4M	-164.4M	-262.2M	-107.4M	-191.4M	-178.9M	-141.4M
Financing cash flow	72.4M	65.6M	356M	272M	305M	8.7M	215.4M	-507.8M	-247.7M	-208M	-127M	-269.5M
Net change in cash	-168M	-205.1M	-92.4M	-326.5M	14M	-112.7M	80.1M	-562M	-75.3M	800K	29M	-129.8M
Free cash flow	313.5M	309.5M	309.7M	203.6M	317.3M	305.5M	345.9M	139.4M	298.8M	268.9M	345.5M	307.9M

Credit Acceptance Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement