PAG financial statements

The full income statement, balance sheet, and cash-flow statement for Penske Automotive Group Inc. (PAG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 66.8M2024-09 66.8M2024-12 66.7M2025-03 66.2M2025-06 66.0M2025-09 65.9M2025-12 65.8M2026-03 65.7M2026-06 65.7M-1.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	31.8B YoY-0.2%	31.9B YoY+3.1%	30.9B YoY+11.2%	27.8B YoY+8.8%	25.6B YoY+25.0%
	5.22B YoY-0.0%	5.22B YoY+1.4%	5.15B YoY+6.4%	4.84B YoY+9.0%	4.44B YoY+39.5%
Cost of revenue	26.6B YoY-0.2%	26.6B YoY+3.4%	25.8B YoY+12.2%	23.0B YoY+8.8%	21.1B YoY+22.3%
Selling, general & administrative	3.76B YoY+2.1%	3.69B YoY+3.7%	3.55B YoY+10.2%	3.22B YoY+8.8%	2.96B YoY+25.3%
Operating income	1.28B YoY-6.5%	1.37B YoY-2.8%	1.41B YoY-5.3%	1.49B YoY+9.7%	1.36B YoY+92.5%
Equity-method income	193M YoY-3.9%	201M YoY-31.7%	294M YoY-40.6%	494M YoY+32.0%	375M YoY+121.6%
Pre-tax income	1.26B YoY-2.0%	1.29B YoY-12.6%	1.48B YoY-20.7%	1.86B YoY+15.6%	1.61B YoY+127.2%
Income tax	326M YoY+2.9%	317M YoY-12.3%	361M YoY-23.7%	473M YoY+13.6%	416M YoY+155.9%
	935M YoY-3.5%	969M YoY-12.6%	1.11B YoY-19.7%	1.38B YoY+16.2%	1.19B YoY+118.5%
Income from continuing operations	—	—	1.05B YoY-23.7%	1.38B YoY+16.3%	1.19B YoY+118.4%
Net income to non-controlling interest	2.50M YoY-44.4%	4.50M YoY-16.7%	5.40M YoY-12.9%	6.20M YoY+26.5%	4.90M YoY+188.2%
	$14.13 YoY-2.5%	$14.49 YoY-11.2%	$16.31 YoY-12.1%	$18.55 YoY+24.6%	$14.89 YoY+120.9%
EPS (basic)	$14.13 YoY-2.5%	$14.49 YoY-11.2%	$16.31 YoY-12.1%	$18.55 YoY+24.6%	$14.89 YoY+120.9%
	66.2M YoY-1.0%	66.9M YoY-1.6%	68.0M YoY-8.6%	74.4M YoY-6.7%	79.7M YoY-1.1%
	66.2M YoY-1.0%	66.9M YoY-1.6%	68.0M YoY-8.6%	74.4M YoY-6.7%	79.7M YoY-1.1%
Dividends per share	$5.18 YoY+26.7%	$4.09 YoY+47.1%	$2.78 YoY+34.3%	$2.07 YoY+16.3%	$1.78 YoY+111.9%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.19B YoY+2.4%	6.05B YoY+6.5%	5.68B YoY+21.8%	4.66B YoY+14.4%	4.08B YoY-7.6%
Cash & equivalents	64.7M YoY-22.6%	83.6M YoY-13.3%	96.4M YoY-9.5%	107M YoY+5.8%	101M YoY+103.4%
Accounts receivable	1.07B YoY+3.2%	1.04B YoY-6.9%	1.11B YoY+22.9%	907M YoY+23.5%	734M YoY-9.0%
Inventory	4.81B YoY+2.2%	4.71B YoY+9.7%	4.29B YoY+22.3%	3.51B YoY+12.1%	3.13B YoY-8.7%
Other current assets	243M YoY+13.1%	215M YoY+22.3%	176M YoY+23.7%	142M YoY+27.0%	112M YoY-11.9%
	17.6B YoY+2.8%	17.1B YoY+9.2%	15.7B YoY+11.0%	14.1B YoY+4.8%	13.5B YoY+1.6%
Property, plant & equipment	3.22B YoY+6.1%	3.04B YoY+9.9%	2.77B YoY+10.8%	2.50B YoY+2.2%	2.44B YoY+1.6%
Operating lease right-of-use	2.54B YoY-1.5%	2.58B YoY+7.4%	2.41B YoY-0.4%	2.42B YoY-1.4%	2.45B YoY+1.4%
Goodwill	2.44B YoY+2.5%	2.38B YoY+6.1%	2.24B YoY+4.0%	2.15B YoY+1.4%	2.12B YoY+10.1%
Other non-current assets	113M YoY+2.6%	110M YoY+74.6%	63.1M YoY+14.1%	55.3M YoY+32.0%	41.9M YoY+65.0%
	6.28B YoY-4.6%	6.58B YoY+16.3%	5.66B YoY+20.0%	4.71B YoY+10.3%	4.27B YoY-8.6%
Accounts payable	900M YoY+4.7%	859M YoY-0.9%	867M YoY+1.6%	854M YoY+11.3%	767M YoY+13.6%
Accrued liabilities	930M YoY+1.4%	917M YoY+13.3%	810M YoY+2.8%	788M YoY-9.4%	870M YoY+13.4%
Deferred revenue	299M YoY+11.3%	269M YoY-4.0%	280M YoY-3.9%	292M YoY-1.8%	297M YoY+13.0%
Short-term & current debt	355M YoY-50.8%	721M YoY+243.9%	210M YoY+178.9%	75.2M YoY-8.3%	82.0M YoY-6.3%
Current lease liability	102M YoY+8.7%	93.4M YoY+6.3%	87.9M YoY-7.4%	94.9M YoY-4.9%	99.8M YoY+6.2%
	12.0B YoY+2.7%	11.7B YoY+7.2%	10.9B YoY+9.8%	9.94B YoY+6.1%	9.37B YoY-5.6%
Long-term debt	1.81B YoY+60.1%	1.13B YoY-20.3%	1.42B YoY-8.2%	1.55B YoY+11.1%	1.39B YoY-13.1%
Non-current lease liability	2.46B YoY-1.7%	2.50B YoY+7.2%	2.34B YoY+0.0%	2.34B YoY-1.6%	2.37B YoY+1.0%
Operating lease liability (total)	2.56B YoY+3.1%	2.49B YoY+2.6%	2.42B YoY-0.3%	2.43B YoY-1.7%	2.47B YoY+1.2%
Deferred tax liabilities	1.20B YoY-2.5%	1.23B YoY-0.1%	1.23B YoY+9.9%	1.12B YoY+5.7%	1.06B YoY+21.5%
Other non-current liabilities	265M YoY+3.8%	256M YoY-5.6%	271M YoY+21.4%	223M YoY-17.1%	269M YoY-36.1%
	5.56B YoY+3.0%	5.40B YoY+14.3%	4.73B YoY+13.9%	4.15B YoY+1.9%	4.07B YoY+23.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	0.00 YoY-100.0%	9.10M	0.00	0.00 YoY-100.0%	42.2M YoY-86.5%
Retained earnings	5.75B YoY-0.1%	5.76B YoY+15.4%	4.99B YoY+11.3%	4.48B YoY+6.8%	4.20B YoY+33.2%
Accumulated other comprehensive income	-188M YoY+48.5%	-365M YoY-38.0%	-264M YoY+21.2%	-335M YoY-98.6%	-169M YoY-5.1%
Non-controlling interest	18.5M YoY+5.7%	17.5M YoY-40.5%	29.4M YoY+9.7%	26.8M YoY+7.2%	25.0M YoY+5.9%
Total equity incl. non-controlling	5.58B YoY+3.0%	5.42B YoY+9.8%	4.93B YoY+13.4%	4.35B YoY+6.3%	4.09B YoY+23.1%
Total liabilities & equity	17.6B YoY+2.8%	17.1B YoY+9.2%	15.7B YoY+11.0%	14.1B YoY+4.8%	13.5B YoY+1.6%
	65.8M YoY-1.5%	66.8M YoY-0.5%	67.1M YoY-3.7%	69.7M YoY-10.2%	77.6M YoY-3.5%
	65.8M YoY-1.5%	66.8M YoY-0.5%	67.1M YoY-3.7%	69.7M YoY-10.2%	77.6M YoY-3.5%
	65.8M YoY-1.5%	66.7M YoY-0.4%	67.0M YoY-3.0%	69.1M YoY-10.7%	77.3M YoY-3.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	975M YoY-20.8%	1.23B YoY+7.5%	1.15B YoY-21.5%	1.46B YoY+12.9%	1.29B YoY+7.5%
Depreciation & amortization	172M YoY+6.8%	161M YoY+12.2%	144M YoY+12.9%	127M YoY+4.8%	122M YoY+5.2%
Share-based compensation	30.2M YoY+2.7%	29.4M YoY+4.6%	28.1M YoY+5.2%	26.7M	—
Deferred income taxes	66.2M YoY+609.2%	-13.0M YoY-112.8%	102M YoY-18.0%	124M YoY-32.8%	185M YoY-4.9%
	-175M YoY+83.3%	-1.05B YoY-79.4%	-583M YoY+9.1%	-642M YoY-3.0%	-623M YoY-356.5%
Capital expenditure	325M YoY-14.1%	378M YoY-2.1%	386M YoY+36.6%	283M YoY+13.5%	249M YoY+33.9%
Free cash flow	651M YoY-23.7%	853M YoY+12.3%	759M YoY-35.5%	1.18B YoY+12.8%	1.04B YoY+2.7%
Acquisitions	21.5M YoY-97.3%	786M YoY+265.8%	215M YoY-45.4%	393M YoY-8.9%	432M
Proceeds from sale of PP&E	27.5M YoY+5.0%	26.2M YoY-14.7%	30.7M YoY-5.0%	32.3M YoY-41.2%	54.9M YoY+177.3%
Other investing activities	-7.70M YoY-170.6%	10.9M YoY-14.8%	12.8M YoY+14.3%	11.2M YoY+600.0%	1.60M YoY-85.5%
	-826M YoY-309.5%	-202M YoY+64.8%	-572M YoY+28.3%	-798M YoY-29.7%	-616M YoY+41.6%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	159M YoY+171.0%	58.7M YoY-83.6%	359M YoY-58.7%	869M YoY+209.8%	281M YoY+854.4%
Dividends paid	344M YoY+25.3%	274M YoY+45.1%	189M YoY+22.7%	154M YoY+8.1%	143M YoY+109.3%
Other financing activities	0.00 YoY+100.0%	-11.7M YoY-11800.0%	100K YoY+200.0%	-100K YoY-200.0%	100K YoY+102.0%
FX effect on cash	6.50M YoY+409.5%	-2.10M YoY-600.0%	-300K YoY+97.8%	-13.5M YoY-285.7%	-3.50M YoY-135.0%
Net change in cash	-18.9M YoY+0.5%	-19.0M YoY-81.0%	-10.5M YoY-281.0%	5.80M YoY-88.7%	51.2M YoY+139.3%
Interest paid	274M YoY-0.3%	275M YoY+27.2%	216M YoY+91.7%	113M YoY+18.4%	95.3M YoY-43.4%
Income taxes paid	272M YoY-14.5%	317M YoY+10.2%	288M YoY-16.1%	343M YoY+114.5%	160M YoY+794.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	10.4B YoY+2.3%	10.2B YoY-5.7%	10.8B YoY+31.6%	8.19B YoY-1.2%	8.29B YoY+73.7%
P/E	11.1× YoY+6.0%	10.5× YoY+13.0%	9.3× YoY+58.1%	5.9× YoY-15.7%	7.0× YoY-20.5%
P/S	0.3× YoY+2.5%	0.3× YoY-13.4%	0.4× YoY+21.9%	0.3× YoY-6.8%	0.3× YoY+38.9%
P/B	1.9× YoY-0.7%	1.9× YoY-21.0%	2.4× YoY+18.3%	2.0× YoY-1.0%	2.0× YoY+40.9%
P/FCF	16.0× YoY+34.1%	11.9× YoY+1.1%	11.8× YoY+27.1%	9.3× YoY+16.8%	7.9× YoY+69.1%
	9.0% YoY-5.6%	9.5% YoY-11.5%	10.8% YoY-36.7%	17.0% YoY+18.7%	14.3% YoY+25.8%
	6.2% YoY-25.4%	8.4% YoY-1.1%	8.5% YoY-21.3%	10.8% YoY-14.4%	12.6% YoY-40.9%
	3.3% YoY+22.0%	2.7% YoY+54.9%	1.7% YoY-3.8%	1.8% YoY+8.5%	1.7% YoY+17.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PAG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PAG filings on SEC EDGAR → Not investment advice.