Penske Automotive Group (PAG)

NYSE Consumer Discretionary Automotive Retail S&P MidCap 400 US auto sales report →

$212.36

+0.16 (+0.08%)

Close of Nov 06, 2026 · end-of-day data

Source: Penske Automotive Group's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$20.12B	$21.39B	$22.79B	$23.18B	$20.44B	$25.55B	$27.81B	$30.92B	$31.86B	$31.81B
Cost of revenue	$17.15B	$18.16B	$19.37B	$19.72B	$17.26B	$21.11B	$22.98B	$25.77B	$26.65B	$26.59B
Gross profit	$2.97B	$3.22B	$3.41B	$3.46B	$3.18B	$4.44B	$4.84B	$5.15B	$5.22B	$5.22B
Selling, general & admin	$2.30B	$2.52B	$2.65B	$2.69B	$2.36B	$2.96B	$3.22B	$3.55B	$3.69B	$3.76B
Operating income	$574.90M	$611.40M	$664.90M	$652.70M	$704.50M	$1.36B	$1.49B	$1.41B	$1.37B	$1.28B
Pre-tax income	$508.10M	$548.20M	$604.10M	$591.50M	$707.60M	$1.61B	$1.86B	$1.48B	$1.29B	$1.26B
Income tax	$160.70M	-$64.80M	$134.30M	$156.70M	$162.70M	$416.30M	$473.00M	$360.90M	$316.50M	$325.80M
Net income	$342.90M	$613.30M	$471.00M	$435.80M	$543.60M	$1.19B	$1.38B	$1.11B	$968.90M	$935.40M
EBITDA	$664.60M	$706.50M	$768.60M	$762.30M	$820.00M	$1.48B	$1.62B	$1.55B	$1.53B	$1.45B
EPS (basic)	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$16.31	$14.49	$14.13
EPS (diluted)	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$16.31	$14.49	$14.13
Diluted shares	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M	66.20M
Gross margin	14.7%	15.1%	15.0%	14.9%	15.6%	17.4%	17.4%	16.6%	16.4%	16.4%
Operating margin	2.9%	2.9%	2.9%	2.8%	3.4%	5.3%	5.3%	4.6%	4.3%	4.0%
Net margin	1.7%	2.9%	2.1%	1.9%	2.7%	4.6%	5.0%	3.6%	3.0%	2.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$24.00M	$45.70M	$39.40M	$28.10M	$49.50M	$100.70M	$106.50M	$96.40M	$83.60M	$64.70M
Receivables	$879.00M	$954.90M	$929.10M	$960.30M	$806.90M	$734.00M	$906.70M	$1.11B	$1.04B	$1.07B
Inventory	$3.41B	$3.94B	$4.04B	$4.26B	$3.43B	$3.13B	$3.51B	$4.29B	$4.71B	$4.81B
Total current assets	$4.39B	$5.03B	$5.10B	$5.33B	$4.41B	$4.08B	$4.66B	$5.68B	$6.05B	$6.19B
Goodwill	$1.29B	$1.66B	$1.75B	$1.91B	$1.93B	$2.12B	$2.15B	$2.24B	$2.38B	$2.44B
Total assets	$8.83B	$10.54B	$10.90B	$13.94B	$13.25B	$13.46B	$14.11B	$15.67B	$17.12B	$17.60B
Total current liabilities	$4.23B	$5.00B	$5.05B	$5.45B	$4.67B	$4.27B	$4.71B	$5.66B	$6.58B	$6.28B
Short-term debt	$48.30M	$72.80M	$92.00M	$103.30M	$87.50M	$82.00M	$75.20M	$209.70M	$721.20M	$355.00M
Long-term debt	$1.83B	$2.09B	$2.12B	$2.26B	$1.60B	$1.39B	$1.55B	$1.42B	$1.13B	$1.81B
Total debt	$1.88B	$2.16B	$2.22B	$2.36B	$1.69B	$1.47B	$1.62B	$1.63B	$1.85B	$2.17B
Total liabilities	$7.05B	$8.11B	$8.27B	$11.13B	$9.92B	$9.37B	$9.94B	$10.92B	$11.70B	$12.02B
Shareholders' equity	$1.75B	$2.40B	$2.61B	$2.79B	$3.30B	$4.07B	$4.15B	$4.73B	$5.40B	$5.56B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$371.30M	$623.00M	$614.20M	$518.30M	$1.20B	$1.29B	$1.46B	$1.15B	$1.23B	$975.10M
Capital expenditures	$203.10M	$247.00M	$305.60M	$245.30M	$185.90M	$248.90M	$282.50M	$386.00M	$377.80M	$324.60M
Free cash flow	$168.20M	$376.00M	$308.60M	$273.00M	$1.02B	$1.04B	$1.18B	$759.20M	$852.80M	$650.50M
Investing cash flow	-$836.70M	-$928.70M	-$525.20M	-$532.70M	-$136.50M	-$623.10M	-$641.70M	-$583.00M	-$1.05B	-$175.00M
Financing cash flow	$433.00M	$322.60M	-$94.30M	$2.60M	-$1.05B	-$615.50M	-$798.00M	-$572.40M	-$201.60M	-$825.50M
Dividends paid	$95.10M	$108.40M	$121.20M	$130.80M	$68.10M	$142.50M	$154.10M	$189.10M	$274.40M	$343.80M
Share buybacks	$173.60M	$18.50M	$68.90M	$169.20M	$29.40M	$280.60M	$869.30M	$358.70M	$58.70M	$159.10M
Stock-based compensation	$14.80M	$16.00M	$16.80M	$17.80M	$20.40M	$23.10M	$26.70M	$28.10M	$29.40M	$30.20M
Depreciation & amortization	$89.70M	$95.10M	$103.70M	$109.60M	$115.50M	$121.50M	$127.30M	$143.70M	$161.30M	$172.30M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$8.66B	$7.79B	$8.06B	$7.93B	$8.08B	$7.95B	$8.03B	$8.05B	$7.77B	$7.86B	$8.51B	$8.42B
Cost of revenue	$7.26B	$6.20B	$6.43B	$6.35B	$7.66B	$6.63B	$6.68B	$6.75B	$6.53B	$6.56B	$7.16B	$7.09B
Gross profit	$1.40B	$1.29B	$1.32B	$1.29B	$1.31B	$1.32B	$1.35B	$1.30B	$1.24B	$1.30B	$1.36B	$1.32B
Selling, general & admin	$997.20M	$879.80M	$887.50M	$885.20M	$1.03B	$951.40M	$943.80M	$944.80M	$924.00M	$965.60M	$974.00M	$975.50M
Operating income	$323.50M	$327.60M	$338.00M	$317.40M	$387.10M	$329.40M	$365.30M	$311.00M	$275.00M	$289.00M	$337.60M	$303.10M
Pre-tax income	$311.40M	$294.80M	$325.50M	$304.40M	$365.20M	$350.50M	$353.50M	$304.00M	$255.70M	$323.70M	$353.80M	$302.00M
Income tax	$63.80M	$78.60M	$82.60M	$77.40M	$77.90M	$92.10M	$86.00M	$78.70M	$69.00M	$88.80M	$92.60M	$80.80M
Net income	$246.30M	$226.50M	$254.80M	$238.30M	$249.30M	$257.70M	$266.60M	$224.80M	$186.10M	$234.50M	$260.40M	$220.80M
EBITDA	$363.80M	$365.40M	$376.60M	$358.00M	$431.40M	$370.00M	$408.40M	$354.80M	$319.80M	$333.80M	$383.00M	$348.60M
EPS (basic)	$3.67	$3.21	$3.61	$3.39	$4.29	$3.86	$4.03	$3.41	$2.83	$3.56	$3.96	$3.36
EPS (diluted)	$3.67	$3.38	$3.81	$3.57	$3.73	$3.86	$4.03	$3.41	$2.83	$3.56	$3.96	$3.36
Diluted shares	-256.63K	67.08M	66.90M	66.78M	-35.30K	66.79M	66.19M	66.03M	-132.01K	65.79M	65.73M	65.67M
Gross margin	16.2%	16.6%	16.3%	16.3%	16.3%	16.6%	16.8%	16.1%	16.0%	16.5%	15.9%	15.7%
Operating margin	3.7%	4.2%	4.2%	4.0%	4.8%	4.1%	4.5%	3.9%	3.5%	3.7%	4.0%	3.6%
Net margin	2.8%	2.9%	3.2%	3.0%	3.1%	3.2%	3.3%	2.8%	2.4%	3.0%	3.1%	2.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$96.40M	$116.90M	$115.10M	$91.90M	$83.60M	$118.40M	$155.30M	$80.30M	$64.70M	$83.70M	$69.50M	$68.30M
Receivables	$1.11B	$1.06B	$1.04B	$1.02B	$1.04B	$1.20B	$1.04B	$993.30M	$1.07B	$1.08B	$1.06B	$1.05B
Inventory	$4.29B	$4.42B	$4.71B	$4.82B	$4.71B	$4.50B	$4.85B	$4.71B	$4.81B	$4.89B	$5.11B	$5.02B
Total current assets	$5.68B	$5.81B	$6.08B	$6.18B	$6.05B	$6.05B	$6.29B	$6.01B	$6.19B	$6.32B	$6.51B	$6.40B
Goodwill	$2.24B	$2.32B	$2.36B	$2.41B	$2.38B	$2.38B	$2.43B	$2.43B	$2.44B	$2.82B	$2.81B	$2.81B
Total assets	$15.67B	$16.15B	$16.63B	$17.07B	$17.12B	$16.93B	$17.39B	$17.12B	$17.60B	$18.32B	$18.49B	$18.43B
Total current liabilities	$5.66B	$5.91B	$6.17B	$6.75B	$6.58B	$6.70B	$6.99B	$6.20B	$6.28B	$6.55B	$6.67B	$6.51B
Short-term debt	$209.70M	$215.30M	$171.70M	$745.80M	$721.20M	$778.50M	$876.00M	$305.40M	$355.00M	$423.10M	$377.30M	$297.60M
Long-term debt	$1.42B	$1.46B	$1.59B	$1.13B	$1.13B	$993.00M	$906.70M	$1.27B	$1.81B	$2.21B	$2.12B	$2.07B
Total debt	$1.63B	$1.68B	$1.77B	$1.88B	$1.85B	$1.77B	$1.78B	$1.57B	$2.17B	$2.64B	$2.50B	$2.37B
Total liabilities	$10.92B	$11.30B	$11.65B	$11.83B	$11.70B	$11.52B	$11.76B	$11.39B	$12.02B	$12.64B	$12.65B	$12.46B
Shareholders' equity	$4.73B	$4.82B	$4.95B	$5.20B	$5.40B	$5.39B	$5.61B	$5.71B	$5.56B	$5.66B	$5.82B	$5.94B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$123.00M	$456.00M	$235.10M	$271.00M	$268.50M	$291.00M	$209.20M	$399.20M	$75.70M	$215.00M	$204.10M	$305.50M
Capital expenditures	$113.90M	$102.50M	$99.20M	$80.90M	$95.20M	$84.70M	$70.80M	$79.10M	$85.30M	$62.60M	$72.30M	$82.20M
Free cash flow	$9.10M	$353.50M	$135.90M	$190.10M	$173.30M	$206.30M	$138.40M	$320.10M	-$9.60M	$152.40M	$131.80M	$223.30M
Investing cash flow	-$121.30M	-$352.40M	-$298.90M	-$232.20M	-$162.40M	-$4.60M	-$40.50M	-$84.00M	-$45.90M	-$634.40M	$3.30M	-$76.90M
Financing cash flow	-$11.50M	-$82.10M	$62.00M	-$63.60M	-$117.90M	-$248.30M	-$137.80M	-$385.80M	-$53.60M	$438.60M	-$221.20M	-$230.20M
Dividends paid	$53.30M	$58.60M	$64.40M	$71.70M	$79.70M	$81.80M	$83.60M	$87.30M	$91.10M	$92.60M	$93.60M	$94.80M
Share buybacks	$17.50M	$32.90M	$25.20M	$0	$600.00K	$39.90M	$71.30M	$7.80M	$40.10M	$26.30M	$0	$0
Stock-based compensation	—	$7.50M	$7.80M	$7.10M	$7.00M	$8.00M	$8.90M	$7.40M	$5.90M	$8.10M	$7.70M	$6.70M
Depreciation & amortization	$40.30M	$37.80M	$38.60M	$40.60M	$44.30M	$40.60M	$43.10M	$43.80M	$44.80M	$44.80M	$45.40M	$45.50M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.