Cars.com Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Cars.com 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

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	633	626	662	607	548	624	654	689	719	723
Cost of revenue	56.8	65.5	90.4
Gross profit	576	561	572
Selling and marketing	211	210	227	217	183	208	222	237	232	239
General and administrative	23.9	44.9	72.9	73.8	59.1	73.6	67.6	73	84	91.1
Operating expenses	456	492	578	1,053	1,435	575	588	635	666	663
Operating income	177	134	83.9	-446	-887	48.3	66	54.1	53.5	60.3
Other non-operating income	0.31	-12.1	-27	-29.2	-49.1	-38.9	-43.5	-36	8.37	-25.9
Pre-tax income	177	122	56.9	-475	-936	9.48	22.6	18.1	61.9	34.3
Income tax	0.59	-102	18.1	-30	-147	-1.31	5.37	-100	13.7	14.3
Net income	176	224	38.8	-445	-789	10.8	17.2	118	48.2	20.1
EBITDA	260	223	188	-329	-774	150	160	155	161	152
EPS, basic	2.46	3.13	0.55	-6.65	-11.74	0.16	0.25	1.77	0.73	0.32
EPS, diluted	2.46	3.13	0.55	-6.65	-11.74	0.15	0.25	1.74	0.72	0.32
Shares, basic (weighted)	71.6	71.7	70.3	67	67.2	68.7	68.2	66.7	66	62.4
Shares, diluted (weighted)	71.6	71.7	70.5	67	67.2	71.3	69.6	68.2	67.4	63.3

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	8.9	20.6	25.5	13.5	67.7	39.1	31.7	39.2	50.7	56.2
Receivables	98.3	101	109	102	93.6	98.9	108	125	134	132
Other current assets	0.94	9.81	10.3	0.6	10.2	1.67	0.61	1.31	16.1	7.92
Total current assets	120	143	154	122	178	147	149	178	214	212
Property, plant and equipment	20.5	39.7	41.5	43.7	41.3	43	45.2	43.9	40.7	35.2
Lease right-of-use assets				16.9	16	14.6	13.7	13	16.8	15.9
Goodwill	788	788	884	506	0	26.2	103	147	143	167
Intangible assets	1,607	1,530	1,510	1,329	835	769	707	669	586	527
Total assets	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112	1,062
Accounts payable	7.84	6.58	11.6	12.4	16.5	15.4	18.2	22.3	33.5	27.7
Accrued liabilities	64.1	14.2	16.8	16.7	18.3	23.6	19.3	31.7	36.3	38.1
Deferred revenue	0.89	0.72
Short-term debt		21.2	26.9	31.4	7.76	8.94	14.1	23.1	0
Total current liabilities	72	90.1	111	98.8	90.4	94.3	106	146	117	113
Long-term debt		557	665	611	576	457	458	460	455	452
Lease liabilities				31.6	30.8	28.6	26.6	25.2	16.5	14
Other non-current liabilities	1.67	19.2	19.7	43.8	38.2	57.5	74.8	65.7	21.4	18.7
Total liabilities	130	832	974	887	736	609	640	680	600	590
Total debt		584	696	648	598	478	481	490	460	455
Paid-in capital		1,502	1,508	1,515	1,530	1,545	1,512	1,500	1,474	1,414
Retained earnings		177	118	-367	-1,156	-1,145	-1,128	-1,010	-962	-941
Other comprehensive income			0	-7.64	-6.8	-2	0	0.95	-1.6	-0.56
Shareholders' equity	2,417	1,679	1,627	1,141	368	398	384	492	511	473
Total equity	2,417	1,679	1,627	1,141	368	398	384	492	511	473
Total liabilities and equity	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112	1,062
Shares outstanding	0	71.6	68.3	66.8	67.4	66.3	66.3	65.9	64.4	58.6

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	176	224	38.8	-445	-789	10.8	17.2	118	48.2	20.1
Depreciation and amortization	83.1	88.6	104	117	113	102	94.4	101	107	91.8
Stock-based compensation		2.63	9.42	7.59	15.2	21.4	22.3	28.5	30.6	31.3
Deferred income tax	-0.41	-109	16.7	-42.4	-134	-2.93	1.28	-114	11.9	11.5
Change in receivables	-13.6	-5.01	-1.16	2.26	3.73	-5.35	-9.34	-15.6	-12.3	0.6
Change in payables	-1.55	-0.43	2.51	0.87	3.99	-1.1	2.61	3.72	11.1	-5.69
Cash from operations	199	186	164	101	139	138	129	137	153	152
Capital expenditures	-9.7	-32.8	-14.2	-21.3	-16.7	-1.45	-1.83	-1.28	-3	-4.29
Acquisitions	-115
Purchases of investments	-2.22
Cash from investing	-127	-32.8	-171	-21.9	-16.7	-39.5	-84.4	-97.1	-24.6	-49.4
Debt issued		675	195	10
Debt repaid		-91.3	-82.5	-58.1	-616	-120	-41.3
Share buybacks		0	-97.2	-40	0	0	-49	-31.3	-49.2	-86.9
Cash from financing	-63.6	-141	12.7	-91.5	-67.7	-127	-51.5	-31.7	-116	-96.6
Exchange rate effect						0	0	-0.44	-0.49	-0.06
Net change in cash	8.8	11.7	4.9	-11.9	54.2	-28.7	-7.35	7.48	11.5	5.56
Free cash flow	189	153	149	80.2	122	137	127	135	150	147
Interest paid		11.8	26.8	29.7	26.4	38.3	33.4	30.4	32.5	30
Income taxes paid		11.5	0.01	1.74	0.81	-7.99	0.55	17.6	6.49	2.57

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 $10.90 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	11.4%	Operating income / revenue.
EBITDA margin	21.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.4%	Pre-tax income / revenue.
Net margin	4.7%	Net income / revenue.
FCF margin	20.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	20.9%	Cash from operations / revenue.
Effective tax rate	36.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	7.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.4%	Net income / average total assets.
Return on invested capital (ROIC)	6.2%	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%.
Stock-based pay / revenue	4.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.2%	Capital expenditures / revenue.
D&A / revenue	10.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	0.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	12.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-3.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-5.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-1.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-58.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-55.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	8.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-0.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.7%	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	1.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-1.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	5.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	3.9%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-7.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.1%	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	5.1%	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	-4.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.2%	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	-0.2%	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	-6.1%	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	-3.2%	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	-1.2%	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	2.00x	Current assets / current liabilities.
Quick ratio	1.81x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.34x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	44.2%	Total debt / total assets.
Liabilities / assets	56.2%	Total liabilities / total assets.
Net debt	$413.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.64x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$97.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	66.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$227.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.72x	Revenue / average total assets.
Fixed asset turnover	21.2x	Revenue / average property, plant and equipment.
Receivables turnover	5.07x	Revenue / average receivables.
Days sales outstanding	72 days	365 x average receivables / revenue.
FCF conversion	436.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.61	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	$12.81	Revenue / diluted weighted shares.
FCF per share	$2.64	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.68	Cash from operations / diluted weighted shares.
Book value per share	$8.23	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$4.21	Tangible book value / shares outstanding.
Cash per share	$0.62	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	66.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$583.5M	Share price x shares outstanding.
Enterprise value	$997.3M	Market cap + total debt - cash - short-term investments.
P/E	17.0x	Market cap / net income. Only when net income is positive.
P/S	0.80x	Market cap / revenue.
P/B	1.32x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	3.89x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.85x	Market cap / cash from operations, when positive.
EV/Sales	1.37x	Enterprise value / revenue.
EV/EBIT	12.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.35x	Enterprise value / EBITDA, when both are positive.
EV/FCF	6.66x	Enterprise value / free cash flow, when both are positive.
FCF yield	25.7%	Free cash flow / market cap.
Earnings yield	5.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	17.1%	(Dividends paid + share buybacks) / market cap.
PEG	1.98x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Cars.com Inc.'s revenue in fiscal 2025?

Cars.com Inc. reported revenue of $723.2M for fiscal 2025, 0.6% higher than the year before.

Was Cars.com Inc. profitable in fiscal 2025?

Yes. Net income was $20.1M, a net margin of 2.8%.

How much free cash flow did Cars.com Inc. generate in fiscal 2025?

Cash from operations of $151.6M minus capital expenditures of $4.3M left free cash flow of $147.4M.

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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