LKQ CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data LKQ CORP 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	8,584	9,737	11,877	12,506	11,629	13,089	12,794	13,269	13,823	13,651
Cost of revenue	5,232	5,937	7,302	7,654	7,036	7,767	7,571	7,916	8,439	8,386
Gross profit	3,352	3,800	4,575	4,852	4,593	5,322	5,223	5,353	5,384	5,265
Selling, general and administrative	2,359	2,715	3,353	3,580	3,266	3,568	3,544	3,697	3,758	3,813
Operating income	763	845	882	897	986	1,474	1,581	1,324	1,145	993
Interest expense	88.3	102	146	139	-104	-72	-78	-214	-238	-224
Other non-operating income	-86.1	-78.4	-139	-106	-101	-75	-63	101	219	193
Pre-tax income	677	767	743	791	885	1,399	1,518	1,223	926	800
Income tax	221	236	191	215	250	331	385	304	265	204
Income from continuing operations	456	540	485	541	638	1,090	1,143	932	666	596
Net income to minority interests	0	-3.52	3.05
Net income	464	534	480	541	638	1,092	1,150	938	693	608
EBITDA	969	1,075	1,176	1,211	1,285	1,758	1,845	1,643	1,551	1,411
EPS, basic	1.51	1.73	1.53	1.75	2.10	3.68	4.15	3.50	2.62	2.36
EPS, diluted	1.50	1.72	1.52	1.74	2.09	3.66	4.13	3.49	2.62	2.35
Shares, basic (weighted)	307	309	314	310	305	297	277	268	264	258
Shares, diluted (weighted)	310	311	316	311	305	298	278	268	264	258

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	227	280	332	528	312	274	278	299	234	319
Receivables	861	1,027	1,154	1,131	1,073	1,073	998	1,165	1,113	1,204
Inventory	1,935	2,381	2,836	2,773	2,415	2,611	2,752	3,121	3,183	3,426
Other current assets	87.8	134	199	261	234	296	230	283	328	299
Total current assets	3,568	3,822	4,521	4,688	4,034	4,254	4,258	4,868	4,906	5,248
Property, plant and equipment	812	913	1,220	1,234	1,249	1,299	1,236	1,516	1,409	1,452
Lease right-of-use assets		0	0	1,309	1,353	1,361	1,227	1,336	1,256	1,332
Goodwill	3,055	3,537	4,381	4,407	4,592	4,540	4,319	5,325	5,174	5,414
Intangible assets	584	744	929	850	814	746	653	1,313	1,150	1,072
Other non-current assets	102	143	163	153	164	225	204	287	376	449
Total assets	8,303	9,367	11,393	12,780	12,361	12,606	12,038	15,079	14,955	15,137
Accounts payable	634	789	942	943	932	1,176	1,339	1,648	1,797	2,108
Accrued liabilities	209	219	288	290	335	271	294	309	346	344
Total current liabilities	1,211	1,323	1,690	2,179	1,988	2,165	2,271	3,318	2,862	3,137
Lease liabilities			0	1,138	1,198	1,209	1,091	1,163	1,093	1,145
Other non-current liabilities	174	308	364	366	375	365	283	314	341	332
Total liabilities	4,860	5,160	6,555	7,731	6,690	6,819	6,571	8,898	8,923	8,576
Total debt	3,366	3,428	4,348	4,072	2,897	2,824	2,662	4,281	4,195	3,695
Paid-in capital	1,117	1,141	1,415	1,418	1,445	1,474	1,506	1,538	1,556	1,581
Retained earnings	2,590	3,124	3,599	4,140	4,776	5,794	6,656	7,290	7,662	7,958
Treasury stock		0	-60	-352	-469	-1,346	-2,389	-2,424	-2,787	-2,948
Other comprehensive income	-267	-70.5	-175	-201	-99	-153	-323	-240	-417	-57
Shareholders' equity	3,443	4,198	4,782	5,009	5,656	5,772	5,453	6,167	6,017	6,537
Minority interests		8.48	56.5	39.7	15.6	15	14	14	15	24
Total equity	3,443	4,207	4,839	5,049	5,671	5,787	5,467	6,181	6,032	6,561
Total liabilities and equity	8,303	9,367	11,393	12,780	12,361	12,606	12,038	15,079	14,955	15,137
Shares outstanding	308	309	316	307	304	287	267	267	259	255

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	464	530	483	545	640	1,092	1,150	938	693	608
Depreciation and amortization	206	230	294	314	299	284	264	319	406	418
Stock-based compensation	22.5	22.8	22.8	27.7	29	34	38	40	30	34
Deferred income tax	-16.2	-46.5	-2.18	7.11	-34	-27	6	13	-34	-75
Change in receivables	-50.8	-56	0.24	26.4	94	-16	-16	5	-2	-16
Change in inventory	-64.1	-204	-127	15.5	433	-235	-342	71	-253	-49
Change in payables	18.6	45.1	-77.6	3.71	-64	283	269	-5	251	156
Cash from operations	635	519	711	1,064	1,444	1,367	1,250	1,356	1,121	1,063
Capital expenditures	-207	-179	-250	-266	-173	-293	-222	-358	-311	-216
Acquisitions	-1,349	-513	-1,215	-27.3	-7	-124	-4	-2,225	-49	1
Cash from investing	-1,710	-385	-1,459	-265	-166	-419	172	-2,442	-406	185
Debt issued	582	0	0	0	0
Debt repaid	-256	-27.9	-355	-8.75	-600
Stock issued	7.96	7.47	5.3
Share buybacks	0	0	-60	-292	-117	-877	-1,040	-38	-360	-159
Dividends paid				0	0	-73	-284	-302	-318	-310
Cash from financing	1,226	-113	883	-601	-1,513	-985	-1,394	1,102	-746	-1,191
Exchange rate effect	-3.7	23.5	-77.3	-0.9	11.9	-1	-24	5	-29	36
Net change in cash	147	45.3	57.5	198	-223	-38	4	21	-60	93
Free cash flow	428	340	461	798	1,271	1,074	1,028	998	810	847
Interest paid	86	95.7	138	143	107	76	71	197	230	230
Income taxes paid	230	273	200	181	248	423	346	305	322	300

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 $23.29 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	38.3%	Gross profit / revenue.
Operating margin	6.3%	Operating income / revenue.
EBITDA margin	9.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	4.9%	Pre-tax income / revenue.
Net margin	3.4%	Net income / revenue.
FCF margin	4.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	6.0%	Cash from operations / revenue.
Effective tax rate	24.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	7.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.1%	Net income / average total assets.
Return on invested capital (ROIC)	6.5%	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	28.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.5%	Capital expenditures / revenue.
D&A / revenue	2.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-2.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	0.3%	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	2.8%	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	-13.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-14.4%	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	0.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-9.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-8.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	1.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-12.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-19.1%	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	-1.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-10.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-17.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	2.4%	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	-5.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-5.3%	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	-5.9%	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	4.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-6.3%	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	-7.8%	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	8.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.2%	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	2.9%	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	1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.9%	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	4.1%	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	-2.3%	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	-2.5%	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	-3.3%	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	1.58x	Current assets / current liabilities.
Quick ratio	0.50x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.09x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.61x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.4%	Total debt / total assets.
Liabilities / assets	56.9%	Total liabilities / total assets.
Net debt	$3.66B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.90x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$1.96B	Current assets - current liabilities.
Goodwill and intangibles / assets	42.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$38.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.91x	Revenue / average total assets.
Fixed asset turnover	9.66x	Revenue / average property, plant and equipment.
Inventory turnover	2.57x	Cost of revenue / average inventory.
Days inventory	142 days	365 x average inventory / cost of revenue.
Receivables turnover	9.78x	Revenue / average receivables.
Days sales outstanding	37 days	365 x average receivables / revenue.
Days payables	77 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	102 days	Days inventory + days sales outstanding - days payables.
FCF conversion	135.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.81	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	$53.74	Revenue / diluted weighted shares.
FCF per share	$2.45	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.24	Cash from operations / diluted weighted shares.
Book value per share	$25.44	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$0.15	Tangible book value / shares outstanding.
Cash per share	$1.19	(Cash + short-term investments) / shares outstanding.
Payout ratio	66.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	49.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	21.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.89B	Share price x shares outstanding.
Enterprise value	$9.55B	Market cap + total debt - cash - short-term investments.
P/E	12.8x	Market cap / net income. Only when net income is positive.
P/S	0.43x	Market cap / revenue.
P/B	0.91x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	155x	Market cap / tangible book value, when positive.
P/FCF	9.43x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.14x	Market cap / cash from operations, when positive.
EV/Sales	0.70x	Enterprise value / revenue.
EV/EBIT	11.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.58x	Enterprise value / EBITDA, when both are positive.
EV/FCF	15.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.6%	Free cash flow / market cap.
Earnings yield	7.8%	Net income / market cap (the inverse of P/E).
Dividend yield	5.2%	Dividends paid over the period / market cap.
Shareholder yield	7.5%	(Dividends paid + share buybacks) / market cap.

What was LKQ CORP's revenue in fiscal 2025?

LKQ CORP reported revenue of $13.65B for fiscal 2025, 1.2% lower than the year before.

Was LKQ CORP profitable in fiscal 2025?

Yes. Net income was $608.0M, a net margin of 4.5%.

How much free cash flow did LKQ CORP generate in fiscal 2025?

Cash from operations of $1.06B minus capital expenditures of $216.0M left free cash flow of $847.0M.

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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