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Penske Automotive Group Inc (PAG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · AUTO & TRUCK DEALERSHIPS · DATA UPDATED 2026-09-19

Penske Automotive Group Inc (PAG) operates in the AUTO & TRUCK DEALERSHIPS industry and is headquartered in Bloomfield Hills, United States with about 28,600 employees. Its market capitalization is roughly $14 billion. In the fiscal year ended 2025-12-31, PAG reported $31.8B in revenue and $935M in net income.

Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships in the United States, the United Kingdom, Germany, Italy, Japan, Canada, Australia, New Zealand, and internationally.

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PAG Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$32.9B$31.8B$31.9B$30.9B$27.8B$25.6B$20.4B$23.2B$22.8B$21.4B$20.1B$19.3B$17.2B$14.7B$13.2B$11.6B$10.7B$9.5B$11.6B$13.0B$11.2B
Gross Profit$5.3B$5.2B$5.2B$5.1B$4.8B$4.4B$3.2B$3.5B$3.4B$3.2B$3.0B$2.9B$2.6B$2.3B$2.0B$1.8B$1.7B$1.6B$1.8B$1.9B$1.7B
Gross Margin %16.1%16.4%16.4%16.7%17.4%17.4%15.6%14.9%15.0%15.1%14.8%14.9%15.0%15.4%15.3%15.8%15.9%16.6%15.4%14.9%14.8%
Operating Income (EBIT)$1.2B$1.3B$1.4B$1.4B$1.5B$1.4B$704M$653M$665M$611M$575M$566M$500M$436M$365M$298M$241M$209M($400M)$340M$303M
Operating Margin %3.8%4.0%4.3%4.7%5.3%5.3%3.5%2.8%2.9%2.9%2.9%2.9%2.9%3.0%2.8%2.6%2.2%2.2%-3.4%2.6%2.7%
Net Income$935M$935M$969M$1.1B$1.4B$1.2B$544M$436M$471M$613M$343M$326M$287M$244M$186M$177M$108M$76M($412M)$128M$125M
Net Margin %2.8%2.9%3.0%3.6%5.0%4.7%2.7%1.9%2.1%2.9%1.7%1.7%1.7%1.7%1.4%1.5%1.0%0.8%-3.5%1.0%1.1%
EBITDA$1.7B$1.7B$1.8B$2.1B$1.8B$980M$910M$903M$814M$734M$684M$627M$520M$427M$367M$320M$274M($345M)$390M$344M
Earnings Per Share (EPS)$14.22$14.13$14.49$16.31$18.55$14.89$6.74$5.28$5.53$7.14$3.99$3.63$3.17$2.70$2.05$1.94$1.18$0.83$-4.42$1.35$1.32
Shares Outstanding (M)66M67M68M74M80M81M82M85M86M86M90M90M90M90M91M92M92M93M95M94M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PAG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$8.5B$7.9B$8.8B$7.7B$7.7B$7.6B$7.7B$7.6B$7.7B
Gross Profit$1.4B$1.3B$1.4B$1.2B$1.3B$1.3B$1.3B$1.2B$1.3B
Gross Margin %15.9%16.5%15.8%16.2%16.9%16.7%16.3%16.4%16.4%
Operating Income (EBIT)$338M$289M$318M$299M$348M$316M$334M$317M$338M
Operating Margin %4.0%3.7%3.6%3.9%4.5%4.2%4.3%4.2%4.4%
Net Income$260M$234M$228M$213M$250M$244M$236M$226M$241M
Net Margin %3.0%3.0%2.6%2.8%3.3%3.2%3.1%3.0%3.1%
EBITDA$435M$413M$400M$444M$441M$428M$419M$431M
Earnings Per Share (EPS)$3.96$3.56$3.47$3.23$3.78$3.66$3.53$3.39$3.61
Shares Outstanding (M)66M66M66M66M67M67M67M67M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PAG Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$789M$1.1B$1.2B$1.1B$1.5B$1.3B$1.2B$519M$615M$624M$373M$392M$366M$320M$326M$63M$199M$303M$407M$310M$120M
Capital Expenditures (CapEx)$312M$325M$369M$375M$282M$249M$186M$245M$306M$247M$203M$200M$176M$170M$151M$133M$75M$90M$212M$194M$225M
Free Cash Flow (FCF)$477M$740M$811M$718M$1.2B$1.0B$1.0B$273M$309M$376M$170M$193M$190M$150M$175M($70M)$124M$213M$195M$116M($105M)
FCF Margin %1.5%2.3%2.5%2.3%4.2%4.1%5.0%1.2%1.4%1.8%0.8%1.0%1.1%1.0%1.3%-0.6%1.2%2.2%1.7%0.9%-0.9%
Dividends Paid$344M$274M$189M$154M$142M$68M$131M$121M$108M$95M$85M$70M$56M$42M$22M$0M$34M$34M$28M$25M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PAG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$204M$215M$64M$306M$190M$356M$218M$271M$235M
Capital Expenditures (CapEx)$72M$63M$98M$79M$71M$77M$86M$81M$99M
Free Cash Flow (FCF)$132M$152M($34M)$227M$119M$279M$132M$190M$136M
FCF Margin %1.6%1.9%-0.4%3.0%1.6%3.7%1.7%2.5%1.8%
Dividends Paid$93M$91M$87M$84M$82M$80M$72M$64M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PAG Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$18.5B$18.4B$16.7B$15.7B$14.1B$13.5B$13.2B$13.9B$10.9B$10.5B$8.9B$8.0B$7.2B$6.4B$5.4B$4.5B$4.1B$3.8B$4.0B$4.7B$4.5B
Cash & Cash Equivalents$70M$65M$72M$96M$106M$101M$50M$28M$39M$46M$24M$62M$36M$50M$44M$29M$17M$14M$20M$11M$13M
Total Liabilities$12.7B$12.8B$11.5B$10.9B$9.9B$9.4B$9.9B$11.1B$8.3B$8.1B$7.1B$6.2B$5.5B$4.9B$4.1B$3.4B$3.0B$2.9B$3.2B$3.2B$3.2B
Total Debt (Short + Long-Term)$6.4B$5.9B$5.4B$4.6B$4.0B$4.8B$6.4B$6.0B$5.9B$5.2B$4.7B$4.1B$3.6B$3.1B$2.5B$2.2B$2.1B$2.6B$2.4B$2.4B
Total Shareholders' Equity$5.8B$5.6B$5.2B$4.7B$4.1B$4.1B$3.3B$2.8B$2.6B$2.4B$1.8B$1.8B$1.7B$1.5B$1.3B$1.1B$1.0B$942M$784M$1.4B$1.3B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PAG viewer.

PAG Metric Deep Dives

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