AUTONATION, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AUTONATION, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	21,609	21,535	21,413	21,336	20,390	25,844	26,985	26,949	26,765	27,631
Cost of revenue	18,296	18,176	18,016	17,813	16,824	20,891	21,720	21,817	21,980	22,683
Gross profit	3,313	3,359	3,397	3,523	3,566	4,953	5,265	5,132	4,785	4,949
Selling, general and administrative	2,349	2,436	2,510	2,559	2,422	2,876	3,026	3,253	3,264	3,362
Operating income	890	843	778	824	563	1,903	2,025	1,652	1,306	1,240
Interest expense	116	120	119	107	93.7	93	135	181	180	180
Interest income	1.1	1	1.1	0.5	0.3
Other non-operating income	3.7	9.3	0.2	34.1	144	24.3	-14.7	24.4	9.8	13.4
Pre-tax income	702	637	529	613	550	1,808	1,834	1,350	917	885
Income tax	271	202	134	162	168	435	456	330	225	235
Income from continuing operations	432	435	396	451	382	1,373	1,378	1,020	692	649
Net income	431	435	396	450	382	1,373	1,377	1,021	692	649
EPS, basic	4.18	4.44	4.36	4.99	4.32	18.50	24.47	22.89	17.09	17.26
EPS, diluted	4.15	4.43	4.34	4.97	4.30	18.31	24.29	22.74	16.92	17.04
Shares, basic (weighted)	103	97.8	90.9	90.1	88.3	74.2	56.3	44.6	40.5	37.6
Shares, diluted (weighted)	104	98.2	91.3	90.5	88.7	75	56.7	44.9	40.9	38.1

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	64.8	69.2	48.6	42	570	60.4	72.6	60.8	59.8	58.6
Receivables	1,033	1,111	707	662	595	540	635	762	774	693
Inventory	3,520	3,366	3,651	3,306	2,599	1,848	2,048	3,033	3,360	3,405
Other current assets	97	252	209	147	139	173	158	172	212	236
Total current assets	4,715	4,798	4,884	4,411	4,153	2,812	3,138	4,307	4,698	4,648
Property, plant and equipment	2,843	2,963	3,155	3,175	3,138	3,420	3,607	3,792	3,792	3,956
Lease right-of-use assets			0	333	310	284	324	392	391	456
Goodwill	1,511	1,515	1,513	1,502	1,185	1,235	1,320	1,466	1,453	1,409
Intangible assets	598	587	595	582	522	744	837	928	906	1,029
Other non-current assets	393	410	517	541	580	450	531	693	705	754
Total assets	10,060	10,272	10,665	10,543	9,887	8,944	10,060	11,980	13,002	14,392
Accounts payable	304	310	306	290	335	396	328	345	377	370
Accrued liabilities				178	226	280	238	239	257
Deferred revenue			31.6	32.6	32.5	33.6	41.8	42.5	43.9	45.2
Short-term debt	168	415	44.3	356	309	12.2	12.6	462	519	74.7
Total current liabilities	5,829	5,636	5,658	5,100	4,166	3,060	3,406	5,583	6,312	5,541
Long-term debt	1,611	1,959	1,926	1,579	1,793	2,846	3,587	3,128	2,614	3,705
Lease liabilities			0	305	287	260	297	363	357	432
Other non-current liabilities	218	235	275	262	311	322	333	360	381	399
Total liabilities	7,750	7,902	7,949	7,381	6,652	6,567	8,012	9,769	10,544	12,051
Total debt	1,779	2,374	1,971	1,934	2,102	2,858	3,600	3,590	3,132	3,780
Paid-in capital	18.2	4	20.8	35.9	53.1	3.2	3.1	22.4	20.3	32
Retained earnings	3,133	2,832	3,238	3,688	4,069	4,640	3,664	4,643	5,332	5,976
Treasury stock	-842	-468	-544	-563	-888	-2,267	-1,620	-2,455	-2,895	-3,668
Shareholders' equity	2,310	2,369	2,716	3,162	3,236	2,377	2,048	2,211	2,457	2,341
Total equity	2,310	2,369	2,716	3,162	3,236	2,377	2,048	2,211	2,457	2,341
Total liabilities and equity	10,060	10,272	10,665	10,543	9,887	8,944	10,060	11,980	13,002	14,392
Shares outstanding	101	91.6	90	89.3	83.5	62.6	47.6	41.6	39	35.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	431	435	396	450	382	1,373	1,377	1,021	692	649
Stock-based compensation	25.1	20.6	25.5	31.1	30.2	35	31.5	39.7	36.5	46.5
Deferred income tax	3.7	-22.1	10.9	45.8	-39	-17.2	0.8	19	-3.8	11.2
Change in inventory	259	39.3	-320	296	704	800	-176	-950	-399	14
Change in payables	-5.8	0.5	1.7	-17.6	47.7	57.2	-68.9	8.1	34.7	-9.9
Cash from operations	516	540	511	769	1,208	1,628	1,668	724	315	112
Capital expenditures	-245	-313	-401	-269	-156	-216	-329	-410	-329	-309
Acquisitions	-410	-76.8	-67.2	-4.7	-0.4	-433	-192	-271	0	-459
Purchases of investments	0	0	-50	0	-50	-5.5
Sales and maturities of investments			0	0	105
Cash from investing	-493	-227	-295	-116	-73.7	-460	-479	-570	12.3	-687
Debt issued							699	0	0
Stock issued	8.4	39.7	17.8	12.7	52.7	54.5	3.4	1.9	0.5	0.7
Share buybacks	-497	-435	-100	-44.7	-367	-2,318	-1,700	-874	-460	-792
Cash from financing	-35.6	-307	-237	-660	-607	-1,677	-1,154	-173	-301	558
Net change in cash	-12.6	5.7	-21.7	-6.9	527	-509	34.8	-18.4	26.4	-17.6
Free cash flow	272	227	110	500	1,052	1,412	1,339	314	-13.8	-198
Interest paid	184	206	246	243	164	114	154	310	392	353
Income taxes paid	266	127	210	108	190	458	483	301	149	296

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $166.98 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	17.8%	Gross profit / revenue.
Operating margin	4.8%	Operating income / revenue.
Net margin	2.8%	Net income / revenue.
FCF margin	0.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.1%	Cash from operations / revenue.
Return on equity (ROE)	34.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.0%	Net income / average total assets.
Return on invested capital (ROIC)	47.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	12.3%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.0%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	3.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-2.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-5.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-15.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	17.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-6.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-22.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	11.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	0.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-11.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	31.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-64.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-59.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-37.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-4.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	12.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-6.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-12.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-15.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.78x	Current assets / current liabilities.
Quick ratio	0.11x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.01x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	85.4%	Total liabilities / total assets.
Interest coverage	6.97x	Operating income / interest expense.
Working capital	-$1.35B	Current assets - current liabilities.
Goodwill and intangibles / assets	17.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$411.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.77x	Revenue / average total assets.
Fixed asset turnover	6.80x	Revenue / average property, plant and equipment.
Inventory turnover	6.03x	Cost of revenue / average inventory.
Days inventory	60 days	365 x average inventory / cost of revenue.
Receivables turnover	45.7x	Revenue / average receivables.
Days sales outstanding	8 days	365 x average receivables / revenue.
Days payables	5 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	63 days	Days inventory + days sales outstanding - days payables.
FCF conversion	1.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	95.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$22.92	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$812.09	Revenue / diluted weighted shares.
FCF per share	$0.36	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.68	Cash from operations / diluted weighted shares.
Book value per share	$68.25	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$12.44	Tangible book value / shares outstanding.
Cash per share	$1.61	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	8,326.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.52B	Share price x shares outstanding.
Enterprise value	$5.47B	Market cap + total debt - cash - short-term investments.
P/E	7.13x	Market cap / net income. Only when net income is positive.
P/S	0.20x	Market cap / revenue.
P/B	2.44x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	456x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	18.8x	Market cap / cash from operations, when positive.
EV/Sales	0.20x	Enterprise value / revenue.
EV/EBIT	4.14x	Enterprise value / operating income, when both are positive.
EV/FCF	452x	Enterprise value / free cash flow, when both are positive.
FCF yield	0.2%	Free cash flow / market cap.
Earnings yield	14.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	18.3%	(Dividends paid + share buybacks) / market cap.

What was AUTONATION, INC.'s revenue in fiscal 2025?

AUTONATION, INC. reported revenue of $27.63B for fiscal 2025, 3.2% higher than the year before.

Was AUTONATION, INC. profitable in fiscal 2025?

Yes. Net income was $649.1M, a net margin of 2.3%.

How much free cash flow did AUTONATION, INC. generate in fiscal 2025?

Cash from operations of $111.9M minus capital expenditures of $309.4M left free cash flow of -$197.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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