Cash flow Penske Automotive Group, Inc.

Stocks

PAG

US70959W1036

Auto Vehicles, Parts & Service Retailers

Market Closed - NYSE Other stock markets 23:00:02 17/06/2026 +03			Pre-market 14:00:21
171.33 ^USD	-5.22%		179.24	+4.62%

05-27	UBS Initiates Penske Automotive at Neutral With $167 Price Target	MT
05-15	Ken Ganley Automotive Group acquired Mercedes-Benz of Bedford from Penske Automotive Group, Inc..	CI

3e87912c1f87cebf2d898278b2428.vNKH9kQ1nWfOXLUvlQQEfiHW8K4pNsgMxlgi4HGsyvE.iIXYphcB1V-eOvpI0TFuLBaitJ0aaf5KrhdytUPYjrrQ5dCbEGH2HbRq0g

Published financial data: PENSKE AUTOMOTIVE GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	24.76B	26.95B	28.67B	29.63B	31.81B
Finance Div. Revenues	797M	869M	860M	830M	-
Total Revenues	25.55B	27.81B	29.53B	30.46B	31.81B
Cost of Goods Sold, Total	21.11B	22.98B	24.59B	25.44B	26.59B
Gross Profit	4.44B	4.84B	4.93B	5.01B	5.22B
Selling General & Admin Expenses, Total	2.96B	3.22B	3.4B	3.54B	3.76B
Depreciation & Amortization - (IS)	122M	127M	141M	158M	172M
Other Operating Expenses, Total	3.08B	3.35B	3.54B	3.7B	3.93B
Operating Income	1.36B	1.49B	1.39B	1.32B	1.28B
Interest Expense, Total	-94.8M	-123M	-226M	-278M	-262M
Net Interest Expenses	-94.8M	-123M	-226M	-278M	-262M
Income (Loss) On Equity Invest.	374M	494M	294M	201M	193M
EBT, Excl. Unusual Items	1.64B	1.86B	1.46B	1.24B	1.21B
Impairment of Goodwill	-	-	-40.7M	-	-
Gain (Loss) On Sale Of Investments	-11.4M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	52.3M
Asset Writedown	-	-	-	-	-3.4M
Other Unusual Items	-17M	-	-	-	-
EBT, Incl. Unusual Items	1.61B	1.86B	1.42B	1.24B	1.26B
Income Tax Expense	416M	473M	361M	316M	326M
Earnings From Continuing Operations	1.19B	1.39B	1.06B	923M	938M
Earnings Of Discontinued Operations	1.3M	-	-	-	-
Net Income to Company	1.19B	1.39B	1.06B	923M	938M
Minority Interest	-4.9M	-6.2M	-5.4M	-4.5M	-2.5M
Net Income - (IS)	1.19B	1.38B	1.05B	919M	935M
Net Income to Common Incl Extra Items	1.19B	1.38B	1.05B	919M	935M
Net Income to Common Excl. Extra Items	1.19B	1.38B	1.05B	919M	935M
Per Share Items
Net EPS - Basic	14.89	18.55	15.5	13.74	14.13
Basic EPS - Continuing Operations	14.88	18.55	15.5	13.74	14.13
Basic Weighted Average Shares Outstanding	79.75M	74.39M	67.96M	66.88M	66.2M
Net EPS - Diluted	14.89	18.55	15.5	13.74	14.13
Diluted EPS - Continuing Operations	14.88	18.55	15.5	13.74	14.13
Diluted Weighted Average Shares Outstanding	79.75M	74.39M	67.96M	66.88M	66.2M
Normalized Basic EPS	12.76	15.54	13.35	11.52	11.43
Normalized Diluted EPS	12.76	15.54	13.35	11.52	11.43
Dividend Per Share	1.82	2.21	3.04	4.44	5.36
Payout Ratio	12	11.17	17.95	29.86	42.37
Supplemental Items
EBITDA	1.48B	1.62B	1.53B	1.47B	1.46B
EBITA	1.36B	1.49B	1.39B	1.32B	1.28B
EBIT	1.36B	1.49B	1.39B	1.32B	1.28B
EBITDAR	1.8B	1.97B	1.91B	1.88B	1.89B
Total Revenues (As Reported)	25.55B	27.81B	29.53B	30.46B	31.81B
Effective Tax Rate - (Ratio)	25.89	25.44	25.42	25.53	25.78
Current Domestic Taxes	164M	272M	184M	258M	187M
Current Foreign Taxes	67.7M	76.6M	74.7M	71M	73M
Total Current Taxes	232M	349M	259M	330M	260M
Deferred Domestic Taxes	164M	116M	95.5M	-15.6M	61.6M
Deferred Foreign Taxes	21M	8.3M	6.3M	2.6M	4.6M
Total Deferred Taxes	185M	124M	102M	-13M	66.2M
Normalized Net Income	1.02B	1.16B	907M	770M	757M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	119M	122M	136M	134M	133M
Selling and Marketing Expenses	119M	122M	136M	134M	133M
Net Rental Expense, Total	320M	353M	372M	402M	433M
Imputed Operating Lease Interest Expense	35.5M	51.53M	90.97M	111M	105M
Imputed Operating Lease Depreciation	285M	301M	281M	291M	328M
Stock-Based Comp., Other (Total)	23.1M	25.5M	27.9M	29.4M	30.2M
Total Stock-Based Compensation	23.1M	25.5M	27.9M	29.4M	30.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	101M	106M	96.4M	72.4M	64.7M
Total Cash And Short Term Investments	101M	106M	96.4M	72.4M	64.7M
Accounts Receivable, Total	734M	907M	1.11B	1B	1.07B
Total Receivables	734M	907M	1.11B	1B	1.07B
Inventory	3.13B	3.51B	4.29B	4.64B	4.81B
Other Current Assets, Total	112M	142M	176M	213M	243M
Total Current Assets	4.08B	4.66B	5.68B	5.93B	6.19B
Gross Property Plant And Equipment	5.73B	5.81B	6.19B	6.61B	7.1B
Accumulated Depreciation	-832M	-902M	-1.02B	-1.14B	-1.33B
Net Property Plant And Equipment	4.89B	4.91B	5.17B	5.47B	5.77B
Long-term Investments	1.69B	1.64B	1.77B	1.83B	1.92B
Goodwill	2.12B	2.15B	2.23B	2.37B	2.44B
Other Intangibles, Total	642M	691M	748M	1.01B	1.16B
Other Long-Term Assets, Total	41.9M	55.3M	63.1M	110M	113M
Total Assets	13.46B	14.11B	15.67B	16.72B	17.6B
Liabilities
Accounts Payable, Total	767M	854M	867M	852M	900M
Accrued Expenses, Total	474M	402M	442M	529M	529M
Short-term Borrowings	2.55B	3B	3.77B	4.02B	4.09B
Current Portion of Long-Term Debt	82M	75.2M	210M	721M	355M
Current Portion of Leases	99.8M	94.9M	87.9M	93.4M	102M
Unearned Revenue Current, Total	297M	292M	280M	267M	299M
Other Current Liabilities	500K	-	-	-	-
Total Current Liabilities	4.27B	4.71B	5.66B	6.49B	6.28B
Long-Term Debt	1.39B	1.55B	1.42B	1.13B	1.81B
Long-Term Leases	2.37B	2.34B	2.34B	2.39B	2.46B
Deferred Tax Liability Non Current	1.06B	1.12B	1.23B	1.23B	1.2B
Other Non Current Liabilities	269M	223M	271M	253M	265M
Total Liabilities	9.37B	9.94B	10.92B	11.49B	12.02B
Additional Paid In Capital	42.2M	-	-	9.1M	-
Retained Earnings	4.2B	4.48B	4.99B	5.57B	5.75B
Comprehensive Income and Other	-169M	-335M	-264M	-364M	-188M
Total Common Equity	4.07B	4.15B	4.73B	5.21B	5.56B
Minority Interest	25M	26.8M	29.4M	17.5M	18.5M
Total Equity	4.1B	4.17B	4.76B	5.23B	5.58B
Total Liabilities And Equity	13.46B	14.11B	15.67B	16.72B	17.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	77.33M	69.07M	66.99M	66.75M	65.76M
ECS Total Common Shares Outstanding	77.57M	69.68M	67.11M	66.77M	65.76M
Book Value / Share	52.47	59.53	70.42	78.02	84.59
Tangible Book Value	1.3B	1.3B	1.74B	1.83B	1.96B
Tangible Book Value Per Share	16.81	18.69	25.97	27.36	29.84
Total Debt	6.5B	7.05B	7.82B	8.36B	8.82B
Net Debt	6.4B	6.94B	7.73B	8.29B	8.76B
Debt Equivalent Oper. Leases	2.56B	2.82B	2.98B	3.22B	3.47B
Minority Interest, Total (Incl. Fin. Div)	25M	26.8M	29.4M	17.5M	18.5M
Equity Method Investments, Total	1.69B	1.64B	1.77B	1.83B	1.92B
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Finished Goods, Total	3.13B	3.51B	4.29B	4.64B	4.81B
Buildings, Total	2.23B	2.44B	2.76B	3.04B	3.33B
Machinery, Total	1.04B	961M	1.02B	1.11B	1.22B
Full Time Employees	25K	26.5K	28K	28.9K	27.7K
Accumulated Allowance for Doubtful Accounts (Supple)	6.8M	6.6M	6.8M	6.3M	6.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.19B	1.38B	1.05B	919M	935M
Depreciation & Amortization - CF	122M	127M	141M	158M	172M
Depreciation & Amortization, Total	122M	127M	141M	158M	172M
(Gain) Loss From Sale Of Asset	-	-	-	-	-52.3M
(Gain) Loss on Sale of Investments - (CF)	11.4M	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	40.7M	-	-
(Income) Loss On Equity Investments - (CF)	-235M	-183M	-175M	-128M	-120M
Stock-Based Compensation (CF)	-	-	-	29.4M	30.2M
Net Cash From Discontinued Operations	1.3M	-	-	-	-
Other Operating Activities, Total	205M	130M	107M	-8.5M	68.7M
Change In Accounts Receivable	75.6M	-193M	-195M	125M	1.6M
Change In Inventories	403M	-444M	-666M	-197M	52.1M
Change In Accounts Payable	139M	81.7M	-13M	42.9M	-53M
Change in Other Net Operating Assets	-616M	560M	800M	238M	-59.7M
Cash from Operations	1.29B	1.46B	1.09B	1.18B	975M
Capital Expenditure	-249M	-282M	-375M	-369M	-325M
Sale of Property, Plant, and Equipment	54.9M	32.3M	30.7M	26.2M	27.5M
Cash Acquisitions	-432M	-393M	-215M	-786M	-21.5M
Divestitures	4.3M	13.1M	-	82.1M	120M
Investment in Marketable and Equity Securities, Total	-	-	-	20.7M	16M
Other Investing Activities, Total	-1.6M	-11.2M	-12.8M	-11.1M	7.7M
Cash from Investing	-623M	-642M	-572M	-1.04B	-175M
Short Term Debt Issued, Total	38.9M	82.9M	46.5M	-	-
Long-Term Debt Issued, Total	2.36B	2.26B	3.22B	4.41B	5.84B
Total Debt Issued	2.39B	2.34B	3.27B	4.41B	5.84B
Short Term Debt Repaid, Total	-	-	-	-15.4M	-9M
Long-Term Debt Repaid, Total	-2.57B	-2.1B	-3.23B	-4.18B	-5.72B
Total Debt Repaid	-2.57B	-2.1B	-3.23B	-4.2B	-5.73B
Repurchase of Common Stock	-281M	-869M	-382M	-77.5M	-182M
Common Dividends Paid	-142M	-154M	-189M	-274M	-396M
Common & Preferred Stock Dividends Paid	-142M	-154M	-189M	-274M	-396M
Other Financing Activities, Total	-19.1M	-17.6M	-2M	-29.4M	-364M
Cash from Financing	-616M	-798M	-531M	-165M	-826M
Foreign Exchange Rate Adjustments	-3.5M	-13.5M	-300K	-2.1M	6.5M
Net Change in Cash	51.2M	5.8M	-10.1M	-24M	-18.9M
Supplemental Items
Cash Interest Paid	95.3M	113M	214M	272M	274M
Cash Income Tax Paid (Refund)	160M	343M	288M	317M	272M
Levered Free Cash Flow	1.16B	49.22M	-556M	167M	303M
Unlevered Free Cash Flow	1.22B	126M	-415M	340M	467M
Change In Net Working Capital	-480M	674M	1.08B	302M	213M
Net Debt Issued / Repaid	-173M	243M	42.2M	217M	117M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.35	6.74	5.84	5.08	4.62
Return on Total Capital	8.03	8.56	7.34	6.31	5.68
Return On Equity %	32.11	33.52	23.71	18.5	17.05
Return on Common Equity	32.19	33.58	23.74	18.5	17.06
Margin Analysis
Gross Profit Margin %	17.38	17.4	16.71	16.46	16.4
SG&A Margin	11.59	11.59	11.52	11.62	11.82
EBITDA Margin %	5.78	5.81	5.19	4.84	4.58
EBITA Margin %	5.31	5.35	4.71	4.32	4.04
EBIT Margin %	5.31	5.35	4.71	4.32	4.04
Income From Continuing Operations Margin %	4.66	4.98	3.59	3.03	2.95
Net Income Margin %	4.65	4.96	3.57	3.02	2.94
Net Avail. For Common Margin %	4.64	4.96	3.57	3.02	2.94
Normalized Net Income Margin	3.98	4.16	3.07	2.53	2.38
Levered Free Cash Flow Margin	4.55	0.18	-1.88	0.55	0.95
Unlevered Free Cash Flow Margin	4.79	0.45	-1.4	1.12	1.47
Asset Turnover
Asset Turnover	1.91	2.02	1.98	1.88	1.83
Fixed Assets Turnover	5.26	5.67	5.86	5.72	5.59
Receivables Turnover (Average Receivables)	32.13	32.85	28.36	27.99	30.19
Inventory Turnover (Average Inventory)	6.44	6.92	6.3	5.7	5.58
Short Term Liquidity
Current Ratio	0.95	0.99	1	0.91	0.99
Quick Ratio	0.2	0.21	0.21	0.17	0.18
Operating Cash Flow to Current Liabilities	0.3	0.31	0.19	0.18	0.16
Days Sales Outstanding (Average Receivables)	11.36	11.11	12.87	13.07	12.09
Days Outstanding Inventory (Average Inventory)	56.66	52.73	57.9	64.26	65.37
Average Days Payable Outstanding	12.65	12.66	12.37	12.2	12.02
Cash Conversion Cycle (Average Days)	55.37	51.18	58.39	65.14	65.44
Long Term Solvency
Total Debt/Equity	158.78	168.85	164.53	159.97	158.09
Total Debt / Total Capital	61.36	62.8	62.2	61.53	61.25
LT Debt/Equity	91.96	93	78.97	67.4	76.55
Long-Term Debt / Total Capital	35.53	34.59	29.85	25.93	29.66
Total Liabilities / Total Assets	69.59	70.42	69.65	68.74	68.29
EBIT / Interest Expense	14.31	12.12	6.17	4.74	4.9
EBITDA / Interest Expense	18.97	16.03	8.44	6.76	7.21
(EBITDA - Capex) / Interest Expense	16.34	13.72	6.78	5.43	5.97
Total Debt / EBITDA	3.62	3.58	4.11	4.46	4.67
Net Debt / EBITDA	3.56	3.53	4.06	4.42	4.63
Total Debt / (EBITDA - Capex)	4.2	4.18	5.11	5.54	5.64
Net Debt / (EBITDA - Capex)	4.13	4.12	5.05	5.5	5.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25	8.84	6.16	3.14	-0.18
Gross Profit, 1 Yr. Growth %	39.45	8.96	1.96	1.61	-0
EBITDA, 1 Yr. Growth %	80.23	9.28	-5.07	-3.81	-5.01
EBITA, 1 Yr. Growth %	92.53	9.69	-6.43	-5.42	-6.4
EBIT, 1 Yr. Growth %	92.53	9.69	-6.43	-5.42	-6.4
Earnings From Cont. Operations, 1 Yr. Growth %	118.65	16.35	-23.63	-12.77	-3.65
Net Income, 1 Yr. Growth %	118.51	16.18	-23.68	-12.75	-3.46
Normalized Net Income, 1 Yr. Growth %	128.21	13.57	-21.51	-15.08	-5.74
Diluted EPS Before Extra, 1 Yr. Growth %	120.75	24.67	-16.46	-11.34	-2.46
Accounts Receivable, 1 Yr. Growth %	-9.03	23.53	22.93	-10.09	3.19
Inventory, 1 Yr. Growth %	-8.66	12.15	22.34	8.08	2.21
Net Property, Plant and Equip., 1 Yr. Growth %	1.51	0.39	5.25	5.85	2.63
Total Assets, 1 Yr. Growth %	1.64	4.83	11.03	6.7	2.78
Tangible Book Value, 1 Yr. Growth %	60.9	-0.15	33.84	4.81	4.17
Common Equity, 1 Yr. Growth %	23.24	1.92	13.94	10.23	2.99
Cash From Operations, 1 Yr. Growth %	7.61	12.81	-25.04	7.88	-20.76
Capital Expenditures, 1 Yr. Growth %	33.89	13.5	32.85	-1.76	-14.08
Levered Free Cash Flow, 1 Yr. Growth %	-13.19	-96.1	-485.59	-135.65	40.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-15	-90.48	-287.74	-204.17	19.53
Dividend Per Share, 1 Yr. Growth %	114.12	21.43	37.56	46.05	20.72
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5	16.64	7.49	4.64	1.43
Gross Profit, 2 Yr. CAGR %	13.36	23.27	5.4	1.79	0.67
EBITDA, 2 Yr. CAGR %	39.24	40.34	1.85	-4.44	-4.4
EBITA, 2 Yr. CAGR %	44.16	45.32	1.31	-5.92	-5.89
EBIT, 2 Yr. CAGR %	44.16	45.32	1.31	-5.92	-5.89
Earnings From Cont. Operations, 2 Yr. CAGR %	65.53	59.5	-5.74	-18.38	-8.25
Net Income, 2 Yr. CAGR %	65.09	59.33	-5.84	-18.4	-8.15
Normalized Net Income, 2 Yr. CAGR %	65.76	60.99	-5.58	-18.36	-10.37
Diluted EPS Before Extra, 2 Yr. CAGR %	67.88	65.9	2.06	-13.94	-6.92
Accounts Receivable, 2 Yr. CAGR %	-12.57	6	23.23	5.13	-2.01
Inventory, 2 Yr. CAGR %	-14.3	1.21	17.13	14.99	5.9
Net Property, Plant and Equip., 2 Yr. CAGR %	1.75	0.95	2.79	5.55	5.62
Total Assets, 2 Yr. CAGR %	-1.73	3.22	7.88	8.84	5.97
Tangible Book Value, 2 Yr. CAGR %	98.75	26.75	15.6	18.44	6.11
Common Equity, 2 Yr. CAGR %	20.71	12.07	7.76	12.07	8.49
Cash From Operations, 2 Yr. CAGR %	57.92	10.18	-8.04	-10.08	-7.73
Capital Expenditures, 2 Yr. CAGR %	0.73	23.27	22.79	14.24	-8.3
Levered Free Cash Flow, 2 Yr. CAGR %	269.81	-80.84	-33.68	7.1	-17.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	138.21	-70.41	-44.01	23.77	25.1
Dividend Per Share, 2 Yr. CAGR %	5.99	61.25	29.24	41.74	32.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.9	6.27	13.04	6.02	4.57
Gross Profit, 3 Yr. CAGR %	9.15	11.88	15.71	4.12	2.54
EBITDA, 3 Yr. CAGR %	24.35	28.44	23.2	-0.07	-3.39
EBITA, 3 Yr. CAGR %	26.83	31.61	25.49	-0.98	-4.79
EBIT, 3 Yr. CAGR %	26.83	31.61	25.49	-0.98	-4.79
Earnings From Cont. Operations, 3 Yr. CAGR %	36.37	47.18	24.78	-8.14	-12.21
Net Income, 3 Yr. CAGR %	36.12	46.85	24.66	-8.2	-12.16
Normalized Net Income, 3 Yr. CAGR %	39.08	46.13	26.71	-8.86	-13.17
Diluted EPS Before Extra, 3 Yr. CAGR %	39.17	52.03	31.99	-2.62	-8.67
Accounts Receivable, 3 Yr. CAGR %	-7.56	-1.9	11.37	10.94	5.69
Inventory, 3 Yr. CAGR %	-8.17	-6.26	7.81	14.04	11.12
Net Property, Plant and Equip., 3 Yr. CAGR %	29.56	1.29	2.36	3.8	5.5
Total Assets, 3 Yr. CAGR %	7.28	0.41	5.76	7.49	7.63
Tangible Book Value, 3 Yr. CAGR %	52.07	58	29.07	11.88	14.64
Common Equity, 3 Yr. CAGR %	15.98	14.09	12.69	8.58	10.27
Cash From Operations, 3 Yr. CAGR %	28.14	41.17	-3.1	-3.02	-12.57
Capital Expenditures, 3 Yr. CAGR %	-6.61	4.82	26.39	13.99	4.74
Levered Free Cash Flow, 3 Yr. CAGR %	228.23	-16.68	-25.44	-49.09	27.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	99.02	-16.39	-33.95	-36.41	28.12
Dividend Per Share, 3 Yr. CAGR %	7.62	10.91	52.93	34.62	34.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.9	5.4	5.32	5.61	9.24
Gross Profit, 5 Yr. CAGR %	8.4	8.47	7.64	7.73	10.38
EBITDA, 5 Yr. CAGR %	17.33	17.98	14.81	14.11	12.17
EBITA, 5 Yr. CAGR %	18.73	19.47	15.93	15.07	12.76
EBIT, 5 Yr. CAGR %	18.73	19.47	15.93	15.07	12.76
Earnings From Cont. Operations, 5 Yr. CAGR %	27.95	17.73	17.64	16.26	11.47
Net Income, 5 Yr. CAGR %	28.21	17.61	17.46	16.09	11.47
Normalized Net Income, 5 Yr. CAGR %	26.51	27.49	19.12	15.78	11.16
Diluted EPS Before Extra, 5 Yr. CAGR %	30.05	21.04	22.93	21.08	15.96
Accounts Receivable, 5 Yr. CAGR %	-3.54	-1.03	3.71	0.86	5.81
Inventory, 5 Yr. CAGR %	-1.69	-2.31	1.22	1.72	7.04
Net Property, Plant and Equip., 5 Yr. CAGR %	22.06	18.43	18.11	2.98	3.65
Total Assets, 5 Yr. CAGR %	8.8	6.01	7.52	3.7	5.84
Tangible Book Value, 5 Yr. CAGR %	101.16	37.95	36.27	40.8	19.34
Common Equity, 5 Yr. CAGR %	18.38	11.61	12.62	13.28	10.99
Cash From Operations, 5 Yr. CAGR %	28.24	18.53	12.21	17.87	-4.09
Capital Expenditures, 5 Yr. CAGR %	4.15	2.72	4.19	8.49	11.79
Levered Free Cash Flow, 5 Yr. CAGR %	53.73	-21.91	76	14.39	-25.72
Unlevered Free Cash Flow, 5 Yr. CAGR %	40.84	14.95	21.73	9.56	-20.15
Dividend Per Share, 5 Yr. CAGR %	9.81	11.2	15.8	22.34	44.53