Penske Automotive Group, Inc. income statement
In fiscal 2025, Penske Automotive Group, Inc. reported revenue of $31.81bn, down 0.2% on the year before, operating income of $1.28bn (a 4.0% margin) and net income of $935m, or $14.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.0 | 9.9 | 11.0 | 12.9 | 14.5 | 17.2 | 19.3 | 20.1 | 21.4 | 22.8 | 23.2 | 20.4 | 25.6 | 27.8 | 30.9 | 31.9 | 31.8 | 32.6 |
| Cost of revenue | 7.5 | 8.4 | 9.3 | 10.9 | 12.3 | 14.7 | 16.4 | 17.2 | 18.2 | 19.4 | 19.7 | 17.3 | 21.1 | 23.0 | 25.8 | 26.6 | 26.6 | 27.3 |
| Gross profit | 1.5 | 1.6 | 1.8 | 2.0 | 2.2 | 2.6 | 2.9 | 3.0 | 3.2 | 3.4 | 3.5 | 3.2 | 4.4 | 4.8 | 5.1 | 5.2 | 5.2 | 5.2 |
| Selling, general and administrative | 1.3 | 1.3 | 1.4 | 1.6 | 1.7 | 2.0 | 2.2 | 2.3 | 2.5 | 2.6 | 2.7 | 2.4 | 3.0 | 3.2 | 3.6 | 3.7 | 3.8 | 3.8 |
| Operating income | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 1.4 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 |
| Interest expense | 0.1 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | — | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 1.6 | 1.9 | 1.5 | 1.3 | 1.3 | 1.2 |
| Income tax | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | −0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 |
| Net income | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.6 | 0.5 | 0.4 | 0.5 | 1.2 | 1.4 | 1.1 | 1.0 | 0.9 | 0.9 |
| Diluted EPS | $0.83 | $1.18 | $1.94 | $2.05 | $2.70 | $3.17 | $3.63 | $3.99 | $7.14 | $5.53 | $5.28 | $6.74 | $14.89 | $18.55 | $16.31 | $14.49 | $14.13 | $13.72 |
| Diluted shares (average) | 92m | 92m | 91m | 90m | 90m | 90m | 90m | 86m | 86m | 85m | 82m | 81m | 80m | 74m | 68m | 67m | 66m | 66m |
| EBITDA | — | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 1.5 | 1.6 | 1.6 | 1.5 | 1.5 | 1.4 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,078 | 7,954 | 8,033 | 8,053 | 7,769 | 7,864 | 8,513 | 8,416 |
| Cost of revenue | 7,665 | 6,632 | 6,680 | 6,753 | 6,525 | 6,564 | 7,156 | 7,092 |
| Gross profit | 1,313 | 1,321 | 1,352 | 1,300 | 1,244 | 1,299 | 1,357 | 1,324 |
| Selling, general and administrative | 1,033 | 951 | 944 | 945 | 924 | 966 | 974 | 976 |
| Operating income | 387 | 329 | 365 | 311 | 275 | 289 | 338 | 303 |
| Income before tax | 365 | 351 | 354 | 304 | 256 | 324 | 354 | 302 |
| Income tax | 78 | 92 | 86 | 79 | 69 | 89 | 93 | 81 |
| Net income | 249 | 258 | 267 | 225 | 186 | 235 | 260 | 221 |
| Diluted EPS | $3.73 | $3.86 | $4.03 | $3.41 | $2.83 | $3.56 | $3.96 | $3.36 |
| EBITDA | 431 | 370 | 408 | 355 | 320 | 334 | 383 | 349 |
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