Penske Automotive Group Inc. (PAG) 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 %
Q1 27	$3.39	$3.62	+6.8%	—	—	—
Q4 26	$2.88	$3.05	+5.9%	—	—	—
Q3 26	$3.09	$2.85	-7.8%	—	—	—
Q2 26	$3.4	$3.23	-5.0%	—	—	—
Q1 26	$3.56	$3.78	+6.2%	—	—	—
Q4 25	$3.28	$3.39	+3.4%	—	—	—
Q3 25	$3.3	$3.54	+7.3%	—	—	—
Q2 25	$3.41	$3.39	-0.6%	—	—	—
Q1 25	$3.39	$3.61	+6.5%	—	—	—
Q4 24	$3.33	$3.21	-3.6%	—	—	—
Q3 24	$3.65	$3.45	-5.5%	—	—	—
Q2 24	$3.97	$3.92	-1.3%	—	—	—
Q1 24	$4.12	$4.41	+7.0%	—	—	—
Q4 23	$4.09	$4.31	+5.4%	—	—	—
Q3 23	$3.96	$4.21	+6.3%	—	—	—
Q2 23	$4.35	$4.61	+6.0%	—	—	—

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	—	$14.1	—	—	$31.8B	—
FY24	—	$13.7	—	—	$30.5B	—
FY23	—	$15.5	—	—	$29.5B	—
FY22	—	$18.6	—	—	$27.8B

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	$20.1B	$21.4B	$22.8B	$23.2B	$20.4B	$25.6B	$27.8B	$29.5B	$30.5B	$31.8B
YoY change	+4.32%	+6.3%	+6.54%	+1.73%	-11.8%	+25%	+8.84%	+6.16%	+3.14%	+4.44%

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	20.1B	21.4B	22.8B	23.2B	20.4B	25.6B	27.8B	29.5B	30.5B	31.8B
Cost of revenue	17.2B	18.2B	19.4B	19.7B	17.3B	21.1B	23B	24.6B	25.4B	26.6B
Gross profit	3B	3.2B	3.4B	3.5B	3.2B	4.4B	4.8B	4.9B	5B	5.2B
Gross margin	14.7%	15.1%	15%	14.9%	15.6%	17.4%	17.4%	16.7%	16.5%	16.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.3B	2.5B	2.6B	2.7B	2.4B	3B	3.2B	3.4B	3.5B	3.8B
Operating expenses	2.3B	2.5B	2.6B	2.7B	2.4B	3B	3.2B	3.4B	3.5B	3.8B
Operating income	574.9M	611.4M	664.9M	652.7M	704.5M	1.4B	1.5B	1.4B	1.3B	1.3B
Operating margin	2.86%	2.86%	2.92%	2.82%	3.45%	5.31%	5.35%	4.71%	4.32%	4.03%
Non-operating income, net	69.5M	107.6M	134.8M	147.5M	160.4M	346.1M	494.2M	253M	200.7M	245.2M
Pretax income	508.1M	548.2M	604.1M	591.5M	707.6M	1.6B	1.9B	1.4B	1.2B	1.3B
Income tax	160.7M	-64.8M	134.3M	156.7M	162.7M	416.3M	473M	360.9M	316.5M	325.8M
Net income	346.4M	612.8M	470.3M	435.1M	545.3M	1.2B	1.4B	1.1B	923.4M	937.9M
Net margin	1.72%	2.87%	2.06%	1.88%	2.67%	4.67%	4.98%	3.59%	3.03%	2.95%
EBITDA	734.1M	814.1M	903.4M	909.8M	989M	1.9B	2.1B	1.8B	1.7B	1.6B
EPS	3.99	7.14	5.53	5.28	6.74	14.9	18.6	15.5	13.7	14.1
Diluted EPS	3.99	7.14	5.53	5.28	6.74	14.9	18.6	15.5	13.7	14.1

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	7.4B	7.3B	7.4B	7.7B	7.6B	7.7B	7.6B	7.7B	7.7B	8.8B	7.9B	8.5B
Cost of revenue	6.2B	6.1B	6.2B	6.4B	6.3B	6.5B	6.3B	6.4B	6.4B	7.4B	6.6B	7.2B
Gross profit	1.2B	1.2B	1.2B	1.3B	1.2B	1.3B	1.3B	1.3B	1.2B	1.4B	1.3B	1.4B
Gross margin	16.4%	16.3%	16.7%	16.4%	16.4%	16.3%	16.7%	16.9%	16.2%	15.9%	16.5%	15.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	853.5M	844.1M	879.8M	887.5M	885.2M	886M	913.6M	906.3M	907.5M	1B	965.6M	974M
Operating expenses	853.5M	844.1M	879.8M	887.5M	885.2M	886M	913.6M	906.3M	907.5M	1B	965.6M	974M
Operating income	331.5M	306.4M	327.6M	338M	317.4M	333.8M	315.5M	348.2M	298.7M	318.3M	289M	337.6M
Operating margin	4.45%	4.21%	4.4%	4.39%	4.18%	4.32%	4.15%	4.54%	3.88%	3.6%	3.68%	3.97%
Non-operating income, net	85M	11.4M	33.3M	54M	60.7M	52.7M	85.6M	53.6M	58.4M	47.6M	101.2M	87.8M
Pretax income	356.5M	255.8M	294.8M	325.5M	304.4M	315.2M	337.1M	336.9M	292.2M	297.5M	323.7M	353.8M
Income tax	92.1M	63.8M	78.6M	82.6M	77.4M	77.9M	92.1M	86M	78.7M	69M	88.8M	92.6M
Net income	264.4M	192M	216.2M	242.9M	227M	237.3M	245M	250.9M	213.5M	228.5M	234.9M	261.2M
Net margin	3.55%	2.64%	2.9%	3.16%	2.99%	3.07%	3.22%	3.27%	2.77%	2.58%	2.99%	3.07%
EBITDA	451.9M	355.4M	398.7M	430.6M	418.7M	427.5M	388.7M	443.9M	400M	413.3M	374.6M	440.3M
EPS	3.92	2.84	3.21	3.61	3.39	3.54	3.66	3.78	3.23	2.83	3.56	3.96
Diluted EPS	3.92	2.84	3.21	3.61	3.39	3.54	3.66	3.78	3.23	2.83	3.56	3.96

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	4.5B	4.1B	3.4B	4.1B	4.8B	8.5B	8.6B	10.9B	10.2B	10.5B	13.6B
Enterprise value	9.6B	10B	9.4B	12.8B	11.9B	14.8B	15.4B	18.6B	18.4B	19.1B	23.1B
Shares outstanding	86M	85.9M	85.2M	82.5M	80.6M	79.7M	74.4M	68M	66.9M	66.2M	66.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12.9	6.71	7.3	9.52	8.78	7.16	6.17	10.3	11	11.2	15.3
P/S	0.22	0.19	0.15	0.18	0.23	0.33	0.31	0.37	0.33	0.33	0.43
P/B	2.51	1.69	1.3	1.47	1.44	2.09	2.05	2.3	1.95	1.88	2.38
EV/EBITDA	13.1	12.3	10.4	14.1	12.1	8.02	7.3	10.2	11	11.6	16.6
EV/Sales	0.48	0.47	0.41	0.55	0.58	0.58	0.55	0.63	0.6	0.6	0.72
Earnings yield	7.77%	14.9%	13.7%	10.5%	11.4%	14%	16.2%	9.7%	9.05%	8.95%	6.53%
FCF yield	3.81%	9.16%	9%	6.6%	21.2%	12.2%	13.8%	6.58%	7.95%	6.21%	1.6%
PEG	—	—	—	—	—	—	—	—	—	—	3.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	14.7%	15.1%	15%	14.9%	15.6%	17.4%	17.4%	16.7%	16.5%	16.4%	15.9%
Operating margin	2.86%	2.86%	2.92%	2.82%	3.45%	5.31%	5.35%	4.71%	4.32%	4.03%	3.97%
Net margin	1.72%	2.87%	2.06%	1.88%	2.67%	4.67%	4.98%	3.59%	3.03%	2.95%	2.81%
ROE	19.5%	25.2%	17.9%	15.5%	16.4%	29.1%	33.2%	22.3%	17.7%	16.8%	15.8%
ROA	3.92%	5.81%	4.31%	3.12%	4.12%	8.86%	9.82%	6.75%	5.52%	5.33%	4.24%
ROIC	5.66%	7.36%	6.01%	4.19%	5.19%	9.67%	10.1%	8.38%	7.31%	6.68%	6.13%
Return on tangible assets	6.4%	9.77%	7.32%	4.83%	6.6%	15%	16.5%	10.9%	9.28%	9.02%	9.13%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.04	1.01	1.01	0.98	0.94	0.95	0.99	1	0.91	0.99	0.97
Quick ratio	0.23	0.22	0.21	0.2	0.21	0.22	0.25	0.25	0.2	0.22	0.21
Debt / equity	2.92	2.44	2.28	3.08	2.16	1.56	1.67	1.63	1.58	1.56	1.61
Debt / assets	0.59	0.56	0.55	0.62	0.54	0.48	0.49	0.49	0.49	0.5	0.5
Net debt / EBITDA	7.04	7.22	6.61	9.5	7.21	3.4	3.25	4.18	4.89	5.26	5.64
Interest coverage	4.73	4.21	4.09	3.83	5.5	18	16.1	7.29	5.47	5.82	5.67
Effective tax rate	31.6%	0%	22.2%	26.5%	23%	25.9%	25.4%	25.4%	25.5%	25.8%	26%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	233.9	249	267.4	281	253.6	320.6	373.9	434.2	455.2	480.5	489
EPS (basic)	3.99	7.14	5.53	5.28	6.74	14.9	18.6	15.5	13.7	14.1	14.1
EPS (diluted)	3.99	7.14	5.53	5.28	6.74	14.9	18.6	15.5	13.7	14.1	13.8
Book value per share	20.7	28.3	30.9	34.1	41.3	51.4	56.1	69.9	78.1	84.3	88.6
FCF per share	1.97	4.38	3.63	3.31	12.6	13.1	15.8	10.6	12.1	9.83	9.01
Cash per share	0.28	0.53	0.46	0.34	0.61	1.26	1.43	1.42	1.08	0.98	1.06
Capex per share	2.36	2.62	3.4	2.64	2.06	2.43	3.36	5.07	5.12	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.01%	1.05%	1.27%	0.94%	0.81%	0.76%	0.9%	1.17%	1.12%	—	—
Capex / operating cash flow	34.8%	54.1%	42.9%	41.2%	8.66%	9.12%	21.7%	60.7%	34.5%	—	—
Payout ratio	27.5%	17.7%	25.8%	30.1%	12.5%	11.9%	11.1%	17.9%	29.7%	36.7%	40.1%
Dividend yield	2.13%	2.64%	3.53%	3.16%	1.42%	1.67%	1.8%	1.73%	2.69%	3.28%	2.78%

Yield

2.78%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.44

ex-dividend Aug 14, 2026

Payout ratio

40%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$1.44
May 26, 2026	$1.42
Feb 25, 2026	$1.40

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	$7.4B	$7.3B	$7.4B	$7.7B	$7.6B	$7.7B	$7.6B	$7.7B	$7.7B	$8.8B	$7.9B	$8.5B
YoY change	+7.62%	+3.71%	+1.48%	+3.06%	+1.92%	+6.16%	+2.1%	-0.45%	+1.38%	+14.6%	+3.41%	+11.1%

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	24M	45.7M	39.4M	28.1M	49.5M	100.7M	106.5M	96.4M	72.4M	64.7M
Receivables	879M	954.9M	929.1M	960.3M	806.9M	734M	906.7M	1.1B	1B	1.1B
Inventory	3.4B	3.9B	4B	4.3B	3.4B	3.1B	3.5B	4.3B	4.6B	4.8B
Total current assets	4.4B	5B	5.1B	5.3B	4.4B	4.1B	4.7B	5.7B	5.9B	6.2B
Property, plant & equipment	368.1M	475.3M	479.6M	2.8B	2.8B	2.7B	2.5B	2.4B	2.4B	2.4B
Goodwill & intangibles	3.4B	4.3B	4.5B	4.9B	5B	5.5B	5.7B	6B	6.8B	7.2B
Total assets	8.8B	10.5B	10.9B	13.9B	13.2B	13.5B	14.1B	15.7B	16.7B	17.6B
Accounts payable	497.4M	641.6M	598.2M	638.8M	675.4M	767.1M	853.5M	866.9M	851.7M	899.8M
Short-term debt	3.4B	3.8B	3.9B	4.1B	3.2B	2.6B	3.1B	4B	4.7B	4.4B
Total current liabilities	4.2B	5B	5B	5.5B	4.7B	4.3B	4.7B	5.7B	6.5B	6.3B
Long-term debt	1.8B	2.1B	2.1B	4.6B	4B	3.8B	3.9B	3.8B	3.5B	4.3B
Total liabilities	7.1B	8.1B	8.3B	11.1B	9.9B	9.4B	9.9B	10.9B	11.5B	12B
Shareholders' equity	1.8B	2.4B	2.6B	2.8B	3.3B	4.1B	4.2B	4.8B	5.2B	5.6B
Total debt	5.2B	5.9B	6B	8.7B	7.2B	6.4B	7B	7.7B	8.3B	8.7B
Net debt	5.2B	5.9B	6B	8.6B	7.1B	6.3B	6.8B	7.6B	8.2B	8.7B

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	104.4M	96.4M	116.9M	115.1M	91.9M	72.4M	118.4M	155.3M	80.3M	64.7M	83.7M	69.5M
Receivables	958.8M	1.1B	1.1B	1B	1B	1B	1.2B	1B	993.3M	1.1B	1.1B	1.1B
Inventory	3.7B	4.3B	4.4B	4.7B	4.8B	4.6B	4.5B	4.8B	4.7B	4.8B	4.9B	5.1B
Total current assets	5B	5.7B	5.8B	6.1B	6.2B	5.9B	6.1B	6.3B	6B	6.2B	6.3B	6.5B
Property, plant & equipment	5B	2.4B	5.3B	5.4B	5.5B	2.4B	5.5B	5.7B	5.6B	2.4B	5.8B	5.8B
Goodwill & intangibles	6B	6B	6.3B	6.6B	6.8B	6.8B	6.8B	6.9B	6.9B	7.2B	8.2B	8.2B
Total assets	14.8B	15.7B	16.1B	16.6B	17.1B	16.7B	16.9B	17.4B	17.1B	17.6B	18.3B	18.5B
Accounts payable	922.1M	866.9M	962.9M	943.4M	926.7M	851.7M	976.1M	882.5M	960.5M	899.8M	937M	915.2M
Short-term debt	3.2B	4B	4.1B	4.3B	4.9B	4.7B	4.7B	5.1B	4.3B	4.4B	4.6B	4.7B
Total current liabilities	4.9B	5.7B	5.9B	6.2B	6.8B	6.5B	6.7B	7B	6.2B	6.3B	6.6B	6.7B
Long-term debt	3.8B	3.8B	3.9B	4B	3.6B	3.5B	3.4B	3.3B	3.7B	4.3B	4.6B	4.5B
Total liabilities	10.3B	10.9B	11.3B	11.6B	11.8B	11.5B	11.5B	11.8B	11.4B	12B	12.6B	12.7B
Shareholders' equity	4.6B	4.8B	4.8B	5B	5.2B	5.2B	5.4B	5.6B	5.7B	5.6B	5.7B	5.8B
Total debt	7.1B	7.7B	7.9B	8.3B	8.5B	8.3B	8.1B	8.4B	7.9B	8.7B	9.2B	9.3B
Net debt	6.9B	7.6B	7.8B	8.2B	8.4B	8.2B	8B	8.3B	7.8B	8.7B	9.1B	9.2B

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	346.4M	612.8M	470.3M	435.1M	545.3M	1.2B	1.4B	1.1B	923.4M	937.9M
Depreciation & amortization	89.7M	95.1M	103.7M	109.6M	115.5M	121.5M	127.3M	141M	158M	172.3M
Stock-based compensation	—	—	—	—	—	—	—	—	29.4M	30.2M
Change in working capital	-15.2M	-183.8M	-3.6M	-107.4M	1.1B	629.4M	-482.5M	-733.6M	-106.2M	30.7M
Operating cash flow	584.1M	415.6M	675.8M	529M	1.9B	2.1B	1.2B	567.8M	991.6M	975.1M
Capital expenditure	-203.1M	-224.8M	-289.8M	-217.8M	-166.1M	-194M	-250.2M	-344.6M	-342.5M	—
Investing cash flow	-840.9M	-953.8M	-609.7M	-555.5M	-177.1M	-627.4M	-654.8M	-572.3M	-1B	114.4M
Dividends paid	-95.1M	-108.4M	-121.2M	-130.8M	-68.1M	-142.5M	-154.1M	-189.1M	-274.4M	-343.8M
Share repurchases	-173.6M	-18.5M	-68.9M	-169.2M	-29.4M	-280.6M	-869.3M	-358.7M	-58.7M	-159.1M
Financing cash flow	-963.5M	-1.8B	-1.9B	-1.8B	-2.8B	-2.6B	-2.9B	-3.8B	-164.7M	-825.5M
Net change in cash	-1.2B	-2.3B	-1.8B	-1.8B	-1B	-1.1B	-2.4B	-3.8B	-210.1M	264M
Free cash flow	169.8M	376.5M	309.1M	273.3M	1B	1B	1.2B	718.3M	811.1M	650.5M

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	264.4M	192M	216.2M	242.9M	227M	237.3M	245M	237.5M	183.5M	228.5M	234.9M	261.2M
Depreciation & amortization	35.4M	37.6M	37.8M	38.6M	40.6M	41M	39.9M	41.4M	41.2M	47.4M	44.8M	45.4M
Stock-based compensation	—	—	—	—	—	—	8M	8.9M	7.4M	5.9M	8.1M	7.7M
Change in working capital	37M	-682.3M	85.9M	-191.6M	-34.3M	48.7M	171.6M	-126.4M	240.5M	-231M	33.3M	-263.2M
Operating cash flow	399M	-439.2M	354.5M	73.3M	240.9M	308.4M	441.3M	181.4M	351.7M	123.2M	215M	204.1M
Capital expenditure	-65.8M	-103.2M	-102.5M	-99.2M	-61.7M	-79.1M	-72.6M	—	—	—	—	—
Investing cash flow	-200.3M	-110.6M	-352.4M	-298.9M	-232.2M	-153.5M	3.5M	15.9M	-7.6M	37.7M	-592.3M	71.9M
Dividends paid	-48.6M	-53.3M	-58.6M	-64.4M	-71.7M	-79.7M	-81.8M	-83.6M	-87.3M	-91.1M	-92.6M	-93.6M
Share repurchases	-13.1M	-17.5M	-32.9M	-25.2M	0	-600K	-39.9M	-71.3M	-7.8M	-40.1M	-26.3M	0
Financing cash flow	-373.7M	-3.1B	-112.8M	92.7M	-101.8M	-42.8M	-269.3M	-1.3B	-2.3B	-1.6B	-1.3B	-221.2M
Net change in cash	-175M	-3.6B	-110.7M	-132.9M	-93.1M	112.1M	175.5M	-1.1B	-2B	-1.4B	-1.7B	54.8M
Free cash flow	331.1M	-31.8M	353.5M	135.9M	190.1M	131.6M	206.1M	118.7M	282.8M	25.1M	152.4M	131.8M

Penske Automotive Group Inc. 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

Dividend per share

Recent payouts

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

Split history