Avis Budget Group, Inc. key statistics and ratios

In fiscal 2025, Avis Budget Group, Inc. had a net margin of -7.6% and a current ratio of 0.72. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Avis Budget Group, Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Net margin	1.9%	4.1%	1.8%	3.3%	−12.7%	13.8%	23.0%	13.6%	−15.4%	−7.6%	−5.4%
Return on equity	73.8%	90.9%	33.4%	56.4%	—	—	—	—	—	—	—
Return on assets	0.9%	2.0%	0.9%	1.4%	−3.4%	6.4%	11.4%	5.6%	−5.9%	−2.9%	−2.0%
Asset turnover	0.49	0.50	0.50	0.43	0.27	0.46	0.49	0.41	0.38	0.39	0.37
Current ratio	1.03	1.26	1.27	0.96	0.87	0.77	0.73	0.80	0.75	0.72	0.81
Debt to equity	>999%	636.1%	868.6%	529.6%	—	—	—	—	—	—	—
Effective tax rate	41.6%	—	38.2%	−5.2%	—	24.9%	24.2%	14.6%	—	—	—
SG&A as % of revenue	13.1%	12.7%	13.4%	13.5%	13.0%	12.3%	11.2%	11.7%	11.5%	12.4%	12.5%
Dividends ÷ net income	—	—	—	—	—	0.0%	0.0%	21.8%	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Avis Budget Group, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Net margin	6.8%	−72.3%	−20.8%	0.1%	10.2%	−28.0%	−11.2%	1.2%
Current ratio	0.70	0.75	0.64	0.77	0.71	0.72	0.74	0.81
SG&A as % of revenue	10.5%	11.5%	12.7%	13.0%	12.0%	12.0%	13.5%	12.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 3 checks passed · June 30, 2026

What it owns · $32.3bn

Short-term assets $2.5bnLonger-term assets $29.8bn

What it owes, and who funded it · $3.1bn

Short-term liabilities $3.1bnShareholders' equity $-3.4bn

Short-term assets cover short-term liabilities $2.5bn of assets due within a year against $3.1bn of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $558m of cash against $6.0bn of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $2.9bn of operating cash flow against $6.0bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Avis Budget Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

28 /100

Weak moat

How hard Avis Budget Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Net income has been a median 0.8% of total assets over 10 years.
Durability 0 / 20

Net margin has been a median 2.5%; its worst year was -19.1%.
Discipline 20 / 20

The diluted share count fell 49.6% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (33 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Avis Budget Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Avis Budget Group, Inc.