Penske Automotive Group (PAG) Financials

$149.98 -1.65 (-1.09%)

As of 11:47 AM Eastern

Annual Income Statements for Penske Automotive Group

This table shows Penske Automotive Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	326	343	613	471	436	544	1,188	1,380	1,053	919
Consolidated Net Income / (Loss)	330	346	613	470	435	545	1,193	1,386	1,059	923
Net Income / (Loss) Continuing Operations	334	347	613	470	435	545	1,191	1,386	1,059	923
Total Pre-Tax Income	492	508	548	604	592	708	1,608	1,859	1,420	1,240
Total Operating Income	567	575	611	665	653	705	1,356	1,488	1,352	1,317
Total Gross Profit	2,868	2,967	3,223	3,415	3,456	3,185	4,441	4,839	4,934	5,013
Total Revenue	19,285	20,119	21,387	22,785	23,179	20,444	25,555	27,815	29,527	30,455
Operating Revenue	19,285	20,119	21,387	22,785	23,179	20,444	25,555	27,815	29,527	30,455
Total Cost of Revenue	16,417	17,152	18,164	19,370	19,724	17,259	21,114	22,976	24,594	25,442
Operating Cost of Revenue	16,417	17,152	18,164	19,370	19,724	17,259	21,114	22,976	24,594	25,442
Total Operating Expenses	2,301	2,392	2,611	2,750	2,803	2,480	3,084	3,351	3,582	3,697
Selling, General & Admin Expense	2,223	2,302	2,516	2,646	2,693	2,365	2,963	3,224	3,401	3,539
Depreciation Expense	78	90	95	104	110	116	122	127	141	158
Impairment Charge	-	-	-	-	-	-	0.00	0.00	41	0.00
Total Other Income / (Expense), net	-75	-67	-63	-61	-61	3.10	251	371	68	-77
Interest Expense	114	136	171	196	209	166	112	123	226	278
Interest & Investment Income	39	70	108	135	148	169	363	494	294	201
Income Tax Expense	158	161	-65	134	157	163	416	473	361	317
Net Income / (Loss) Attributable to Noncontrolling Interest	4.30	3.50	-0.50	-0.70	-0.70	1.70	4.90	6.20	5.40	4.50
Basic Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74
Weighted Average Basic Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M
Diluted Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74
Weighted Average Diluted Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M
Weighted Average Basic & Diluted Shares Outstanding	89.80M	85.90M	85.90M	85.20M	81.36M	80.39M	77.33M	69.07M	66.99M	66.75M
Cash Dividends to Common per Share	$0.94	$1.10	$1.26	$1.42	$1.58	$0.84	$1.78	$2.07	$2.78	$4.09

This table shows Penske Automotive Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	340	298	298	301	263	191	215	241	226	236
Consolidated Net Income / (Loss)	342	299	300	303	264	192	216	243	227	237
Net Income / (Loss) Continuing Operations	342	299	300	303	264	192	216	243	227	237
Total Pre-Tax Income	467	395	407	400	357	256	295	326	304	315
Total Operating Income	363	336	374	381	332	266	328	338	317	334
Total Gross Profit	1,187	1,183	1,252	1,273	1,220	1,188	1,245	1,264	1,243	1,261
Total Revenue	6,921	7,012	7,339	7,469	7,448	7,272	7,448	7,697	7,591	7,720
Operating Revenue	6,921	7,012	7,339	7,469	7,448	7,272	7,448	7,697	7,591	7,720
Total Cost of Revenue	5,734	5,829	6,087	6,196	6,227	6,084	6,203	6,433	6,348	6,459
Operating Cost of Revenue	5,734	5,829	6,087	6,196	6,227	6,084	6,203	6,433	6,348	6,459
Total Operating Expenses	824	848	879	892	889	922	918	926	926	927
Selling, General & Admin Expense	793	816	845	858	854	844	880	888	885	886
Depreciation Expense	32	32	34	34	35	38	38	39	41	41
Total Other Income / (Expense), net	105	59	33	20	25	-9.90	-33	-13	-13	-19
Interest Expense	32	41	49	55	60	62	66	67	74	71
Interest & Investment Income	136	100	82	75	85	52	33	54	61	53
Income Tax Expense	126	96	107	98	92	64	79	83	77	78
Net Income / (Loss) Attributable to Noncontrolling Interest	1.40	1.30	1.30	1.80	1.00	1.30	1.00	1.70	0.90	0.90
Basic Earnings per Share	$4.61	$4.25	$4.31	$4.41	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53
Weighted Average Basic Shares Outstanding	73.74M	74.39M	69.20M	68.18M	67.25M	67.96M	67.06M	66.88M	66.77M	66.88M
Diluted Earnings per Share	$4.61	$4.25	$4.31	$4.41	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53
Weighted Average Diluted Shares Outstanding	73.76M	74.39M	69.22M	68.19M	67.27M	67.96M	67.08M	66.90M	66.78M	66.88M
Weighted Average Basic & Diluted Shares Outstanding	71.30M	69.07M	69.00M	67.30M	67.21M	66.99M	66.88M	66.77M	66.77M	66.75M
Cash Dividends to Common per Share	$0.53	$0.57	$0.61	$0.66	$0.72	$0.79	$0.87	$0.96	$1.07	$1.19

This table details how cash moves in and out of Penske Automotive Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	26	-38	22	-6.30	-11	11	51	5.80	-10	-24
Net Cash From Operating Activities	398	371	623	614	518	1,202	1,292	1,459	1,094	1,180
Net Cash From Continuing Operating Activities	398	371	623	614	518	1,202	1,292	1,459	1,094	1,180
Net Income / (Loss) Continuing Operations	334	347	613	470	435	545	1,191	1,386	1,059	923
Consolidated Net Income / (Loss)	330	346	613	470	435	545	1,193	1,386	1,059	923
Depreciation Expense	78	90	95	104	110	116	122	127	141	158
Non-Cash Adjustments To Reconcile Net Income	-28	-50	-69	-89	-95	-106	-207	-157	-106	-99
Changes in Operating Assets and Liabilities, net	14	-16	-16	130	69	648	186	102	-0.20	197
Net Cash From Investing Activities	-352	-837	-929	-525	-533	-137	-623	-642	-572	-1,037
Net Cash From Continuing Investing Activities	-352	-837	-929	-525	-533	-137	-623	-642	-572	-1,037
Purchase of Property, Plant & Equipment	-200	-203	-247	-306	-245	-186	-249	-283	-375	-369
Acquisitions	-157	-639	-689	-309	-327	0.00	-432	-393	-215	-786
Sale of Property, Plant & Equipment	-	-	-	5.10	8.60	20	55	32	31	26
Divestitures	-	4.20	25	85	23	41	4.30	13	0.00	103
Other Investing Activities, net	4.70	1.50	-40	-0.10	8.10	-11	-1.60	-11	-13	-11
Net Cash From Financing Activities	-56	433	323	-94	2.60	-1,054	-616	-798	-531	-165
Net Cash From Continuing Financing Activities	-56	433	323	-94	2.60	-1,054	-616	-798	-531	-165
Repayment of Debt	-1,436	-1,419	-2,118	-1,792	-1,505	-3,042	-2,574	-1,858	-3,157	-4,098
Repurchase of Common Equity	-49	-174	-19	-69	-169	-29	-281	-869	-359	-59
Payment of Dividends	-85	-95	-108	-121	-131	-68	-143	-154	-189	-291
Issuance of Debt	1,575	2,120	2,567	1,888	1,808	2,117	2,395	2,101	3,197	4,301
Other Financing Activities, net	-61	-	-	0.00	0.00	-32	-13	-17	-24	-19
Effect of Exchange Rate Changes	-1.40	-9.10	2.10	-1.50	0.20	-	-3.50	-14	-0.30	-2.10
Cash Interest Paid	110	130	163	190	205	169	95	113	214	272
Cash Income Taxes Paid	115	49	-30	40	92	18	160	343	288	317

This table details how cash moves in and out of Penske Automotive Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-63	14	-5.90	19	-15	-8.00	21	-1.80	-23	-20
Net Cash From Operating Activities	329	251	311	293	418	71	456	235	271	218
Net Cash From Continuing Operating Activities	329	251	311	293	418	71	456	235	271	218
Net Income / (Loss) Continuing Operations	342	299	300	303	264	192	216	243	227	237
Consolidated Net Income / (Loss)	342	299	300	303	264	192	216	243	227	237
Depreciation Expense	32	32	34	34	35	38	38	39	41	41
Non-Cash Adjustments To Reconcile Net Income	-68	110	-82	-34	-48	59	-33	-38	-34	6.80
Changes in Operating Assets and Liabilities, net	24	-190	60	-9.30	166	-217	235	-8.60	38	-67
Net Cash From Investing Activities	-227	-57	-106	-156	-200	-111	-352	-299	-232	-154
Net Cash From Continuing Investing Activities	-227	-57	-106	-156	-200	-111	-352	-299	-232	-154
Purchase of Property, Plant & Equipment	-58	-87	-102	-83	-87	-103	-103	-99	-81	-86
Acquisitions	-168	-	0.00	-81	-131	-3.60	-244	-197	-197	-149
Sale of Property, Plant & Equipment	0.90	20	-	-	21	-	-	-	19	7.00
Divestitures	-	-	-	-	-	-	-	-	-	75
Other Investing Activities, net	-3.10	-3.70	-3.10	-2.20	-3.70	-3.80	-6.30	-2.50	-2.10	-0.20
Net Cash From Financing Activities	-156	-183	-212	-118	-231	30	-82	62	-64	-81
Net Cash From Continuing Financing Activities	-156	-183	-212	-118	-231	30	-82	62	-64	-81
Repayment of Debt	-463	-445	-671	-574	-1,037	-874	-659	-991	-1,341	-1,107
Repurchase of Common Equity	-309	-285	-110	-218	-13	-18	-33	-25	-	-0.60
Payment of Dividends	-39	-41	-42	-45	-49	-53	-59	-64	-72	-96
Issuance of Debt	656	587	612	742	869	975	669	1,161	1,349	1,123
Other Financing Activities, net	-	-	-	-	-1.00	-0.10	-	-	-0.10	-0.40
Effect of Exchange Rate Changes	-8.00	3.50	0.20	-0.60	-1.30	1.40	-1.00	-	1.60	-2.70
Cash Interest Paid	28	36	48	67	43	58	69	59	74	71
Cash Income Taxes Paid	95	90	24	189	50	26	23	139	95	61

This table presents Penske Automotive Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	8,013	1,735	2,180	10,905	13,943	13,247	13,465	14,115	15,672	16,721
Total Current Assets	4,407	24	46	5,095	5,334	4,409	4,075	4,664	5,680	5,928
Cash & Equivalents	62	24	46	39	28	50	101	107	96	72
Accounts Receivable	782	-	-	929	960	807	734	907	1,115	1,002
Inventories, net	3,464	-	-	4,040	4,261	3,426	3,129	3,509	4,293	4,640
Other Current Assets	86	-	-	87	85	127	112	142	176	213
Plant, Property, & Equipment, net	1,520	0.00	0.00	2,250	2,366	2,404	2,442	2,497	2,765	3,006
Total Noncurrent Assets	2,087	1,711	2,135	3,559	6,242	6,434	6,947	6,954	7,227	7,787
Long-Term Investments	336	-	-	1,305	1,399	1,500	1,688	1,637	1,775	1,827
Goodwill	1,323	1,291	1,661	1,752	1,911	1,928	2,124	2,155	2,235	2,371
Intangible Assets	408	420	474	486	552	563	642	691	748	1,012
Other Noncurrent Operating Assets	19	-	-	16	2,380	2,442	2,493	2,471	2,469	2,577
Total Liabilities & Shareholders' Equity	8,013	0.00	0.00	10,905	13,943	13,247	13,465	14,115	15,672	16,721
Total Liabilities	6,179	0.00	0.00	8,270	11,131	9,921	9,370	9,940	10,916	11,494
Total Current Liabilities	4,286	0.00	0.00	5,048	5,451	4,675	4,275	4,713	5,658	6,486
Short-Term Debt	3,408	-	-	3,883	4,110	3,232	2,637	3,072	3,981	4,745
Accounts Payable	494	-	-	598	639	675	767	854	867	852
Accrued Expenses	378	-	-	567	702	767	870	788	810	889
Total Noncurrent Liabilities	1,893	0.00	0.00	3,222	5,680	5,246	5,095	5,227	5,258	5,008
Long-Term Debt	1,247	-	-	2,125	2,257	1,602	1,392	1,547	1,420	1,131
Noncurrent Deferred & Payable Income Tax Liabilities	433	-	-	578	678	873	1,060	1,121	1,232	1,231
Other Noncurrent Operating Liabilities	212	-	-	519	2,745	2,771	2,643	2,559	2,607	2,646
Commitments & Contingencies	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,835	0.00	0.00	2,635	2,812	3,326	4,095	4,175	4,756	5,227
Total Preferred & Common Equity	1,790	0.00	0.00	2,609	2,793	3,303	4,070	4,148	4,726	5,210
Preferred Stock	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,790	0.00	0.00	2,609	2,793	3,303	4,070	4,148	4,726	5,210
Common Stock	656	-	-	478	320	312	42	0.00	0.00	9.10
Retained Earnings	1,257	-	-	2,366	2,676	3,151	4,197	4,483	4,990	5,565
Accumulated Other Comprehensive Income / (Loss)	-123	-	-	-235	-203	-161	-169	-335	-264	-365
Noncontrolling Interest	45	-	-	26	18	24	25	27	29	18

This table presents Penske Automotive Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	13,588	14,396	14,797	14,810	16,147	16,634	17,065
Total Current Assets	4,210	4,823	5,086	4,979	5,811	6,079	6,179
Cash & Equivalents	92	101	120	104	117	115	92
Accounts Receivable	831	920	891	959	1,063	1,041	1,022
Inventories, net	3,147	3,630	3,881	3,700	4,424	4,706	4,822
Other Current Assets	140	172	195	215	207	218	243
Plant, Property, & Equipment, net	2,416	2,567	2,625	2,661	2,828	2,914	3,019
Total Noncurrent Assets	6,962	7,006	7,086	7,170	7,508	7,640	7,867
Long-Term Investments	1,734	1,720	1,709	1,753	1,806	1,814	1,850
Goodwill	2,113	2,163	2,209	2,246	2,317	2,356	2,406
Intangible Assets	681	692	719	737	836	932	1,013
Other Noncurrent Operating Assets	2,435	2,432	2,449	2,434	2,550	2,538	2,599
Total Liabilities & Shareholders' Equity	13,588	14,396	14,797	14,810	16,147	16,634	17,065
Total Liabilities	9,500	10,044	10,387	10,259	11,300	11,647	11,831
Total Current Liabilities	4,313	4,761	5,069	4,949	5,910	6,173	6,754
Short-Term Debt	2,672	2,978	3,302	3,213	4,071	4,313	4,920
Accounts Payable	828	922	944	922	963	943	927
Accrued Expenses	813	861	823	814	876	917	908
Total Noncurrent Liabilities	5,187	5,284	5,319	5,310	5,390	5,474	5,077
Long-Term Debt	1,562	1,620	1,614	1,537	1,462	1,595	1,132
Noncurrent Deferred & Payable Income Tax Liabilities	1,115	1,138	1,157	1,212	1,245	1,229	1,244
Other Noncurrent Operating Liabilities	2,510	2,526	2,549	2,561	2,683	2,651	2,701
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,088	4,351	4,410	4,551	4,846	4,986	5,234
Total Preferred & Common Equity	4,064	4,323	4,382	4,523	4,816	4,955	5,203
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,064	4,323	4,382	4,523	4,816	4,955	5,203
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	7.00
Retained Earnings	4,505	4,636	4,658	4,865	5,113	5,254	5,409
Accumulated Other Comprehensive Income / (Loss)	-441	-313	-276	-342	-297	-300	-212
Noncontrolling Interest	25	28	28	28	30	32	31

This table displays calculated financial ratios and metrics derived from Penske Automotive Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.91%	4.32%	6.30%	6.54%	1.73%	-11.80%	25.00%	8.84%	6.16%	3.14%
EBITDA Growth	9.87%	3.12%	6.30%	8.79%	-0.82%	7.57%	80.23%	9.28%	-7.59%	-1.19%
EBIT Growth	9.70%	1.48%	6.35%	8.75%	-1.83%	7.94%	92.53%	9.69%	-9.16%	-2.57%
NOPAT Growth	15.45%	2.22%	73.93%	-24.37%	-7.21%	13.07%	85.28%	10.36%	-9.14%	-2.70%
Net Income Growth	13.89%	4.84%	76.91%	-23.25%	-7.48%	25.33%	118.72%	16.22%	-23.63%	-12.77%
EPS Growth	14.51%	9.92%	78.95%	-22.55%	-4.52%	27.65%	120.92%	24.58%	-16.44%	-11.35%
Operating Cash Flow Growth	10.72%	-6.66%	67.79%	-1.41%	-15.61%	131.82%	7.53%	12.93%	-25.04%	7.88%
Free Cash Flow Firm Growth	12.15%	1,441.16%	-94.53%	-1,883.97%	100.57%	6,304.76%	-23.95%	-69.16%	-157.56%	127.17%
Invested Capital Growth	13.84%	-71.87%	24.73%	241.92%	6.21%	-14.72%	-4.16%	11.28%	17.52%	11.09%
Revenue Q/Q Growth	2.51%	-0.17%	2.44%	0.18%	1.99%	-0.39%	1.93%	2.64%	0.89%	1.49%
EBITDA Q/Q Growth	1.72%	0.26%	2.02%	0.13%	2.46%	12.51%	8.48%	-1.25%	-4.14%	5.10%
EBIT Q/Q Growth	1.83%	-0.16%	1.97%	-0.06%	2.55%	14.59%	9.16%	-1.38%	-4.91%	5.45%
NOPAT Q/Q Growth	2.95%	0.17%	66.30%	-32.93%	1.33%	15.77%	8.59%	-0.93%	-5.21%	5.58%
Net Income Q/Q Growth	-0.57%	3.40%	67.02%	-32.98%	0.95%	22.48%	10.31%	-0.97%	-9.20%	5.16%
EPS Q/Q Growth	0.55%	4.18%	68.00%	-32.73%	1.73%	22.10%	11.12%	1.59%	-8.23%	5.13%
Operating Cash Flow Q/Q Growth	-12.90%	-23.87%	66.22%	-11.26%	-29.87%	69.94%	-23.20%	24.72%	-14.09%	14.16%
Free Cash Flow Firm Q/Q Growth	37.07%	1,673.67%	161.02%	-848.84%	129.23%	7.63%	-26.50%	139.41%	-296.87%	106.35%
Invested Capital Q/Q Growth	5.30%	-71.00%	-68.33%	5.93%	4.00%	3.98%	14.33%	8.53%	11.30%	-1.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.87%	14.75%	15.07%	14.99%	14.91%	15.58%	17.38%	17.40%	16.71%	16.46%
EBITDA Margin	3.34%	3.30%	3.30%	3.37%	3.29%	4.01%	5.78%	5.81%	5.05%	4.84%
Operating Margin	2.94%	2.86%	2.86%	2.92%	2.82%	3.45%	5.31%	5.35%	4.58%	4.32%
EBIT Margin	2.94%	2.86%	2.86%	2.92%	2.82%	3.45%	5.31%	5.35%	4.58%	4.32%
Profit (Net Income) Margin	1.71%	1.72%	2.87%	2.06%	1.88%	2.67%	4.67%	4.98%	3.59%	3.03%
Tax Burden Percent	67.17%	68.18%	111.78%	77.85%	73.56%	77.06%	74.19%	74.56%	74.58%	74.47%
Interest Burden Percent	86.83%	88.38%	89.66%	90.86%	90.62%	100.44%	118.53%	124.96%	105.03%	94.16%
Effective Tax Rate	32.12%	31.63%	-11.82%	22.23%	26.49%	22.99%	25.89%	25.44%	25.42%	25.53%
Return on Invested Capital (ROIC)	6.73%	10.08%	35.55%	10.96%	6.38%	7.55%	15.53%	16.57%	13.15%	11.21%
ROIC Less NNEP Spread (ROIC-NNEP)	5.36%	8.52%	31.87%	9.59%	5.45%	7.62%	22.32%	27.40%	14.73%	9.69%
Return on Net Nonoperating Assets (RNNOA)	12.06%	27.67%	0.00%	24.74%	9.60%	10.21%	16.61%	16.95%	10.56%	7.28%
Return on Equity (ROE)	18.79%	37.76%	0.00%	35.70%	15.98%	17.77%	32.14%	33.52%	23.71%	18.50%
Cash Return on Invested Capital (CROIC)	-6.22%	122.28%	13.55%	-98.52%	0.35%	23.44%	19.78%	5.90%	-2.96%	0.71%
Operating Return on Assets (OROA)	7.43%	11.79%	31.23%	10.16%	5.25%	5.18%	10.16%	10.79%	9.07%	8.13%
Return on Assets (ROA)	4.34%	7.11%	31.30%	7.19%	3.50%	4.01%	8.93%	10.05%	7.11%	5.70%
Return on Common Equity (ROCE)	18.40%	36.84%	0.00%	35.35%	15.85%	17.65%	31.93%	33.31%	23.56%	18.41%
Return on Equity Simple (ROE_SIMPLE)	18.46%	0.00%	0.00%	18.03%	15.58%	16.51%	29.30%	33.42%	22.40%	17.72%
Net Operating Profit after Tax (NOPAT)	385	393	684	517	480	543	1,005	1,109	1,008	981
NOPAT Margin	1.99%	1.95%	3.20%	2.27%	2.07%	2.65%	3.93%	3.99%	3.41%	3.22%
Net Nonoperating Expense Percent (NNEP)	1.37%	1.57%	3.69%	1.38%	0.93%	-0.07%	-6.79%	-10.83%	-1.58%	1.53%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.62%	9.92%	8.83%
Cost of Revenue to Revenue	85.13%	85.25%	84.93%	85.01%	85.09%	84.42%	82.62%	82.60%	83.29%	83.54%
SG&A Expenses to Revenue	11.53%	11.44%	11.76%	11.61%	11.62%	11.57%	11.59%	11.59%	11.52%	11.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.93%	11.89%	12.21%	12.07%	12.09%	12.13%	12.07%	12.05%	12.13%	12.14%
Earnings before Interest and Taxes (EBIT)	567	575	611	665	653	705	1,356	1,488	1,352	1,317
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	645	665	707	769	762	820	1,478	1,615	1,493	1,475
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.72	0.00	0.00	1.16	1.33	1.34	1.95	1.89	2.22	1.95
Price to Tangible Book Value (P/TBV)	52.20	0.00	0.00	8.13	11.24	5.45	6.09	6.02	6.03	5.57
Price to Revenue (P/Rev)	0.16	0.18	0.16	0.13	0.16	0.22	0.31	0.28	0.36	0.33
Price to Earnings (P/E)	9.44	10.71	5.72	6.40	8.52	8.13	6.68	5.68	9.98	11.08
Dividend Yield	2.75%	2.55%	3.08%	4.00%	3.45%	1.53%	1.76%	1.88%	1.78%	2.68%
Earnings Yield	10.59%	9.34%	17.47%	15.63%	11.74%	12.30%	14.96%	17.61%	10.02%	9.03%
Enterprise Value to Invested Capital (EV/IC)	1.21	2.13	1.62	1.06	1.12	1.17	1.61	1.52	1.70	1.54
Enterprise Value to Revenue (EV/Rev)	0.38	0.18	0.16	0.34	0.37	0.38	0.40	0.39	0.48	0.47
Enterprise Value to EBITDA (EV/EBITDA)	11.45	5.49	4.90	10.02	11.37	9.42	6.90	6.65	9.43	9.61
Enterprise Value to EBIT (EV/EBIT)	13.03	6.35	5.67	11.58	13.28	10.97	7.52	7.22	10.41	10.76
Enterprise Value to NOPAT (EV/NOPAT)	19.19	9.28	5.07	14.90	18.07	14.24	10.15	9.68	13.96	14.45
Enterprise Value to Operating Cash Flow (EV/OCF)	18.55	9.83	5.56	12.54	16.73	6.43	7.90	7.36	12.87	12.01
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.77	13.30	0.00	329.80	4.59	7.97	27.20	0.00	229.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.54	0.00	0.00	2.28	2.26	1.45	0.98	1.11	1.14	1.12
Long-Term Debt to Equity	0.68	0.00	0.00	0.81	0.80	0.48	0.34	0.37	0.30	0.22
Financial Leverage	2.25	3.25	0.00	2.58	1.76	1.34	0.74	0.62	0.72	0.75
Leverage Ratio	4.33	5.31	0.00	4.97	4.56	4.43	3.60	3.33	3.34	3.24
Compound Leverage Factor	3.76	4.70	0.00	4.51	4.13	4.45	4.27	4.17	3.50	3.06
Debt to Total Capital	71.73%	0.00%	0.00%	69.51%	69.37%	59.24%	49.59%	52.52%	53.18%	52.92%
Short-Term Debt to Total Capital	52.51%	0.00%	0.00%	44.93%	44.78%	39.61%	32.46%	34.93%	39.20%	42.74%
Long-Term Debt to Total Capital	19.22%	0.00%	0.00%	24.59%	24.59%	19.63%	17.14%	17.59%	13.98%	10.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.69%	0.00%	0.00%	0.30%	0.20%	0.29%	0.31%	0.30%	0.29%	0.16%
Common Equity to Total Capital	27.59%	0.00%	0.00%	30.19%	30.43%	40.47%	50.10%	47.17%	46.53%	46.92%
Debt to EBITDA	7.22	0.00	0.00	7.82	8.35	5.90	2.73	2.86	3.62	3.98
Net Debt to EBITDA	6.60	0.00	0.00	6.07	6.48	4.01	1.52	1.78	2.36	2.70
Long-Term Debt to EBITDA	1.93	0.00	0.00	2.76	2.96	1.95	0.94	0.96	0.95	0.77
Debt to NOPAT	12.10	0.00	0.00	11.62	13.27	8.91	4.01	4.16	5.36	5.99
Net Debt to NOPAT	11.07	0.00	0.00	9.02	10.30	6.05	2.23	2.59	3.50	4.06
Long-Term Debt to NOPAT	3.24	0.00	0.00	4.11	4.70	2.95	1.38	1.39	1.41	1.15
Altman Z-Score	3.18	0.00	0.00	2.82	2.28	2.29	3.16	3.23	3.19	3.04
Noncontrolling Interest Sharing Ratio	2.08%	2.44%	0.00%	0.97%	0.80%	0.68%	0.65%	0.63%	0.63%	0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	0.00	0.00	1.01	0.98	0.94	0.95	0.99	1.00	0.91
Quick Ratio	0.20	0.00	0.00	0.19	0.18	0.18	0.20	0.22	0.21	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-355	4,766	260	-4,647	26	1,684	1,280	395	-227	62
Operating Cash Flow to CapEx	199.40%	182.82%	252.23%	204.39%	218.97%	723.36%	665.98%	583.13%	317.35%	344.47%
Free Cash Flow to Firm to Interest Expense	-3.12	34.97	1.53	-23.76	0.13	10.15	11.45	3.22	-1.01	0.22
Operating Cash Flow to Interest Expense	3.49	2.72	3.65	3.14	2.48	7.24	11.56	11.88	4.85	4.25
Operating Cash Flow Less CapEx to Interest Expense	1.74	1.23	2.20	1.60	1.35	6.24	9.82	9.84	3.32	3.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.53	4.13	10.92	3.48	1.87	1.50	1.91	2.02	1.98	1.88
Accounts Receivable Turnover	25.90	0.00	0.00	0.00	24.54	23.14	33.17	33.91	29.22	28.78
Inventory Turnover	5.21	0.00	0.00	0.00	4.75	4.49	6.44	6.92	6.30	5.70
Fixed Asset Turnover	13.53	0.00	0.00	0.00	10.04	8.57	10.55	11.26	11.22	10.55
Accounts Payable Turnover	35.83	0.00	0.00	0.00	31.89	26.27	29.27	28.35	28.59	29.61
Days Sales Outstanding (DSO)	14.09	0.00	0.00	0.00	14.88	15.78	11.00	10.77	12.49	12.68
Days Inventory Outstanding (DIO)	70.03	0.00	0.00	0.00	76.81	81.27	56.66	52.73	57.90	64.08
Days Payable Outstanding (DPO)	10.19	0.00	0.00	0.00	11.45	13.90	12.47	12.87	12.77	12.33
Cash Conversion Cycle (CCC)	73.94	0.00	0.00	0.00	80.24	83.15	55.19	50.62	57.62	64.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,084	1,711	2,135	7,298	7,752	6,611	6,335	7,050	8,285	9,204
Invested Capital Turnover	3.37	5.16	11.12	4.83	3.08	2.85	3.95	4.16	3.85	3.48
Increase / (Decrease) in Invested Capital	740	-4,373	423	5,164	454	-1,141	-275	714	1,235	919
Enterprise Value (EV)	7,380	3,649	3,464	7,702	8,669	7,726	10,203	10,740	14,072	14,172
Market Capitalization	3,080	3,673	3,510	3,014	3,711	4,418	7,938	7,838	10,514	10,178
Book Value per Share	$19.88	$0.00	$0.00	$30.75	$34.46	$41.11	$51.98	$58.17	$70.32	$78.03
Tangible Book Value per Share	$0.66	($20.09)	($24.89)	$4.37	$4.07	$10.09	$16.66	$18.27	$25.93	$27.36
Total Capital	6,490	0.00	0.00	8,642	9,178	8,160	8,124	8,793	10,156	11,103
Total Debt	4,655	0.00	0.00	6,008	6,367	4,834	4,029	4,618	5,401	5,876
Total Long-Term Debt	1,247	0.00	0.00	2,125	2,257	1,602	1,392	1,547	1,420	1,131
Net Debt	4,256	-24	-46	4,663	4,940	3,284	2,240	2,875	3,529	3,977
Capital Expenditures (CapEx)	200	203	247	301	237	166	194	250	345	343
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,466	0.00	0.00	3,890	3,965	2,916	2,337	2,916	3,907	4,115
Debt-free Net Working Capital (DFNWC)	3,528	24	46	3,930	3,993	2,966	2,438	3,023	4,003	4,187
Net Working Capital (NWC)	121	24	46	47	-117	-266	-199	-49	22	-558
Net Nonoperating Expense (NNE)	54	47	71	47	45	-2.79	-188	-277	-51	57
Net Nonoperating Obligations (NNO)	4,249	1,711	2,135	4,664	4,940	3,285	2,240	2,875	3,529	3,977
Total Depreciation and Amortization (D&A)	78	90	95	104	110	116	122	127	141	158
Debt-free, Cash-free Net Working Capital to Revenue	17.97%	0.00%	0.00%	17.07%	17.10%	14.26%	9.14%	10.48%	13.23%	13.51%
Debt-free Net Working Capital to Revenue	18.30%	0.12%	0.21%	17.25%	17.23%	14.51%	9.54%	10.87%	13.56%	13.75%
Net Working Capital to Revenue	0.63%	0.12%	0.21%	0.21%	-0.50%	-1.30%	-0.78%	-0.18%	0.07%	-1.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74
Adjusted Weighted Average Basic Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M
Adjusted Diluted Earnings per Share	$3.63	$3.99	$7.14	$5.53	$5.28	$6.74	$14.89	$18.55	$15.50	$13.74
Adjusted Weighted Average Diluted Shares Outstanding	89.76M	86.00M	85.88M	85.17M	82.50M	80.59M	79.75M	74.39M	67.96M	66.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.52M	85.48M	85.79M	84.91M	81.36M	80.39M	77.33M	69.07M	66.99M	66.75M
Normalized Net Operating Profit after Tax (NOPAT)	385	393	428	517	480	543	1,005	1,109	1,038	981
Normalized NOPAT Margin	1.99%	1.95%	2.00%	2.27%	2.07%	2.65%	3.93%	3.99%	3.52%	3.22%
Pre Tax Income Margin	2.55%	2.53%	2.56%	2.65%	2.55%	3.46%	6.29%	6.68%	4.81%	4.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.97	4.22	3.58	3.40	3.13	4.25	12.13	12.12	5.99	4.74
NOPAT to Interest Expense	3.38	2.88	4.00	2.64	2.30	3.27	8.99	9.03	4.47	3.53
EBIT Less CapEx to Interest Expense	3.22	2.73	2.13	1.86	1.99	3.25	10.40	10.08	4.46	3.51
NOPAT Less CapEx to Interest Expense	1.62	1.39	2.56	1.11	1.16	2.27	7.26	7.00	2.94	2.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.67%	27.45%	17.69%	25.77%	30.06%	12.49%	11.95%	11.12%	17.86%	31.52%
Augmented Payout Ratio	40.47%	77.57%	20.71%	40.42%	68.95%	17.88%	35.47%	73.83%	51.75%	37.88%

This table displays calculated financial ratios and metrics derived from Penske Automotive Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.52%	11.37%	5.21%	8.13%	7.62%	3.71%	1.48%	3.06%	1.92%	6.16%
EBITDA Growth	-3.38%	-5.26%	-6.11%	-1.05%	-6.93%	-17.51%	-10.31%	-9.23%	-2.43%	23.57%
EBIT Growth	-4.00%	-5.84%	-7.09%	-1.75%	-8.60%	-20.80%	-12.29%	-11.24%	-4.25%	25.63%
NOPAT Growth	-6.15%	-3.84%	-7.87%	-1.29%	-7.26%	-21.59%	-12.64%	-12.38%	-3.73%	26.01%
Net Income Growth	-4.15%	-4.35%	-18.92%	-19.50%	-22.58%	-35.85%	-27.84%	-19.73%	-14.15%	23.59%
EPS Growth	3.13%	7.32%	-9.45%	-10.55%	-14.97%	-32.71%	-25.52%	-18.14%	-13.52%	23.43%
Operating Cash Flow Growth	-20.47%	753.13%	-18.23%	-41.18%	26.96%	-71.53%	46.53%	-19.84%	-35.12%	204.90%
Free Cash Flow Firm Growth	-162.76%	-185.23%	-231.03%	-1,901.99%	-1.78%	-125.14%	-120.62%	-36.74%	-137.10%	35.55%
Invested Capital Growth	17.23%	11.28%	12.08%	18.62%	14.59%	17.52%	18.63%	19.58%	25.54%	11.09%
Revenue Q/Q Growth	0.20%	1.32%	4.67%	1.76%	-0.28%	-2.36%	2.42%	3.34%	-1.38%	1.70%
EBITDA Q/Q Growth	-5.99%	-6.72%	10.80%	1.84%	-11.57%	-17.33%	20.47%	3.07%	-4.94%	4.69%
EBIT Q/Q Growth	-6.42%	-7.50%	11.33%	1.95%	-12.95%	-19.85%	23.30%	3.17%	-6.09%	5.17%
NOPAT Q/Q Growth	-9.09%	-4.06%	8.12%	4.67%	-14.59%	-18.88%	20.47%	4.98%	-6.16%	6.17%
Net Income Q/Q Growth	-9.15%	-12.36%	0.10%	1.00%	-12.62%	-27.38%	12.60%	12.35%	-6.55%	4.54%
EPS Q/Q Growth	-6.49%	-7.81%	1.41%	2.32%	-11.11%	-27.04%	12.24%	12.46%	-6.09%	4.13%
Operating Cash Flow Q/Q Growth	-34.02%	-23.77%	24.08%	-5.75%	42.41%	-82.91%	538.66%	-48.44%	15.27%	-19.67%
Free Cash Flow Firm Q/Q Growth	-1,498.08%	33.29%	-7.18%	-80.28%	21.04%	-47.56%	-5.03%	-11.74%	-36.92%	59.89%
Invested Capital Q/Q Growth	2.79%	8.53%	1.12%	5.16%	-0.70%	11.30%	2.07%	6.00%	4.24%	-1.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.15%	16.87%	17.06%	17.04%	16.39%	16.34%	16.72%	16.42%	16.38%	16.33%
EBITDA Margin	5.70%	5.24%	5.55%	5.56%	4.93%	4.17%	4.91%	4.89%	4.72%	4.86%
Operating Margin	5.24%	4.78%	5.09%	5.10%	4.45%	3.65%	4.40%	4.39%	4.18%	4.32%
EBIT Margin	5.24%	4.78%	5.09%	5.10%	4.45%	3.65%	4.40%	4.39%	4.18%	4.32%
Profit (Net Income) Margin	4.93%	4.27%	4.08%	4.05%	3.55%	2.64%	2.90%	3.16%	2.99%	3.07%
Tax Burden Percent	73.10%	75.81%	73.63%	75.59%	74.17%	75.06%	73.34%	74.62%	74.57%	75.29%
Interest Burden Percent	128.81%	117.68%	108.94%	105.12%	107.54%	96.27%	89.99%	96.30%	95.90%	94.43%
Effective Tax Rate	26.91%	24.19%	26.37%	24.41%	25.83%	24.94%	26.66%	25.38%	25.43%	24.71%
Return on Invested Capital (ROIC)	17.25%	15.08%	15.66%	16.04%	13.86%	10.56%	12.27%	11.89%	11.15%	11.34%
ROIC Less NNEP Spread (ROIC-NNEP)	20.99%	16.83%	16.64%	16.60%	14.56%	10.33%	11.51%	11.63%	10.87%	10.96%
Return on Net Nonoperating Assets (RNNOA)	10.77%	10.41%	9.72%	9.98%	8.93%	7.41%	8.00%	8.74%	7.78%	8.24%
Return on Equity (ROE)	28.02%	25.49%	25.38%	26.02%	22.80%	17.97%	20.27%	20.63%	18.93%	19.58%
Cash Return on Invested Capital (CROIC)	2.74%	5.90%	4.72%	-1.38%	1.66%	-2.96%	-4.55%	-6.44%	-11.58%	0.71%
Operating Return on Assets (OROA)	10.80%	9.65%	10.22%	10.36%	9.17%	7.24%	8.54%	8.35%	7.87%	8.13%
Return on Assets (ROA)	10.17%	8.61%	8.20%	8.23%	7.32%	5.23%	5.63%	6.00%	5.63%	5.78%
Return on Common Equity (ROCE)	27.85%	25.33%	25.22%	25.86%	22.66%	17.86%	20.14%	20.50%	18.81%	19.49%
Return on Equity Simple (ROE_SIMPLE)	34.45%	0.00%	30.45%	28.37%	25.77%	0.00%	20.25%	18.48%	16.88%	0.00%
Net Operating Profit after Tax (NOPAT)	265	254	275	288	246	199	240	252	237	251
NOPAT Margin	3.83%	3.63%	3.75%	3.85%	3.30%	2.74%	3.23%	3.28%	3.12%	3.26%
Net Nonoperating Expense Percent (NNEP)	-3.74%	-1.76%	-0.99%	-0.57%	-0.70%	0.23%	0.75%	0.26%	0.28%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	-	2.89%	-	-	-	1.96%	-	-	-	2.26%
Cost of Revenue to Revenue	82.85%	83.13%	82.94%	82.96%	83.61%	83.66%	83.28%	83.58%	83.62%	83.67%
SG&A Expenses to Revenue	11.45%	11.63%	11.51%	11.49%	11.46%	11.61%	11.81%	11.53%	11.66%	11.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.91%	12.09%	11.97%	11.95%	11.94%	12.68%	12.32%	12.03%	12.20%	12.01%
Earnings before Interest and Taxes (EBIT)	363	336	374	381	332	266	328	338	317	334
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	394	368	407	415	367	303	365	377	358	375
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.72	1.89	2.19	2.55	2.43	2.22	2.23	2.00	2.08	1.95
Price to Tangible Book Value (P/TBV)	5.52	6.02	6.46	7.69	7.13	6.03	6.46	5.94	6.08	5.57
Price to Revenue (P/Rev)	0.26	0.28	0.34	0.39	0.38	0.36	0.36	0.33	0.36	0.33
Price to Earnings (P/E)	5.03	5.68	7.23	9.04	9.46	9.98	11.08	10.87	12.42	11.08
Dividend Yield	2.08%	1.88%	1.61%	1.46%	1.57%	1.78%	1.90%	2.26%	2.27%	2.68%
Earnings Yield	19.90%	17.61%	13.82%	11.07%	10.57%	10.02%	9.02%	9.20%	8.05%	9.03%
Enterprise Value to Invested Capital (EV/IC)	1.45	1.52	1.72	1.91	1.87	1.70	1.70	1.55	1.60	1.54
Enterprise Value to Revenue (EV/Rev)	0.35	0.39	0.44	0.50	0.47	0.48	0.49	0.47	0.50	0.47
Enterprise Value to EBITDA (EV/EBITDA)	5.77	6.65	7.73	9.02	8.93	9.43	9.92	9.85	10.68	9.61
Enterprise Value to EBIT (EV/EBIT)	6.25	7.22	8.42	9.84	9.78	10.41	11.02	11.02	12.00	10.76
Enterprise Value to NOPAT (EV/NOPAT)	8.43	9.68	11.31	13.22	13.07	13.96	14.78	14.83	16.13	14.45
Enterprise Value to Operating Cash Flow (EV/OCF)	8.07	7.36	8.84	12.07	10.92	12.87	11.62	11.79	14.50	12.01
Enterprise Value to Free Cash Flow (EV/FCFF)	57.20	27.20	38.63	0.00	120.39	0.00	0.00	0.00	0.00	229.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	1.11	1.06	1.11	1.04	1.14	1.14	1.18	1.16	1.12
Long-Term Debt to Equity	0.38	0.37	0.37	0.37	0.34	0.30	0.30	0.32	0.22	0.22
Financial Leverage	0.51	0.62	0.58	0.60	0.61	0.72	0.69	0.75	0.72	0.75
Leverage Ratio	3.31	3.33	3.30	3.28	3.29	3.34	3.32	3.35	3.26	3.24
Compound Leverage Factor	4.26	3.92	3.59	3.45	3.54	3.21	2.99	3.22	3.12	3.06
Debt to Total Capital	50.88%	52.52%	51.37%	52.71%	51.07%	53.18%	53.31%	54.23%	53.63%	52.92%
Short-Term Debt to Total Capital	32.11%	34.93%	33.27%	35.41%	34.54%	39.20%	39.22%	39.59%	43.59%	42.74%
Long-Term Debt to Total Capital	18.77%	17.59%	18.10%	17.30%	16.53%	13.98%	14.08%	14.64%	10.03%	10.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.29%	0.30%	0.31%	0.30%	0.30%	0.29%	0.29%	0.29%	0.27%	0.16%
Common Equity to Total Capital	48.83%	47.17%	48.31%	46.99%	48.63%	46.53%	46.40%	45.48%	46.10%	46.92%
Debt to EBITDA	2.59	2.86	2.89	3.10	3.05	3.62	3.81	4.18	4.31	3.98
Net Debt to EBITDA	1.47	1.78	1.75	1.95	1.86	2.36	2.49	2.82	2.93	2.70
Long-Term Debt to EBITDA	0.96	0.96	1.02	1.02	0.99	0.95	1.01	1.13	0.81	0.77
Debt to NOPAT	3.78	4.16	4.23	4.54	4.47	5.36	5.68	6.30	6.52	5.99
Net Debt to NOPAT	2.15	2.59	2.56	2.85	2.72	3.50	3.71	4.24	4.43	4.06
Long-Term Debt to NOPAT	1.39	1.39	1.49	1.49	1.45	1.41	1.50	1.70	1.22	1.15
Altman Z-Score	2.98	2.96	3.07	3.12	3.15	2.97	2.91	2.81	2.77	2.84
Noncontrolling Interest Sharing Ratio	0.61%	0.63%	0.63%	0.60%	0.60%	0.63%	0.64%	0.63%	0.60%	0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	0.99	1.01	1.00	1.01	1.00	0.98	0.98	0.91	0.91
Quick Ratio	0.21	0.22	0.21	0.20	0.21	0.21	0.20	0.19	0.16	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-690	-460	-493	-889	-702	-1,036	-1,088	-1,216	-1,664	-668
Operating Cash Flow to CapEx	580.25%	375.45%	303.91%	352.95%	634.80%	69.19%	444.88%	237.00%	439.22%	275.22%
Free Cash Flow to Firm to Interest Expense	-21.76	-11.19	-10.13	-16.16	-11.70	-16.71	-16.46	-18.28	-22.58	-9.36
Operating Cash Flow to Interest Expense	10.38	6.10	6.39	5.33	6.96	1.15	6.90	3.54	3.68	3.05
Operating Cash Flow Less CapEx to Interest Expense	8.59	4.48	4.29	3.82	5.87	-0.51	5.35	2.04	2.84	1.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.06	2.02	2.01	2.03	2.06	1.98	1.94	1.90	1.88	1.88
Accounts Receivable Turnover	34.54	33.91	32.10	34.52	32.70	29.22	29.89	30.93	30.30	28.78
Inventory Turnover	7.75	6.92	6.91	6.88	7.11	6.30	6.14	5.81	5.88	5.70
Fixed Asset Turnover	11.31	11.26	11.31	11.43	11.53	11.22	10.99	10.78	10.57	10.55
Accounts Payable Turnover	27.20	28.35	25.75	26.72	27.81	28.59	26.22	26.44	27.12	29.61
Days Sales Outstanding (DSO)	10.57	10.77	11.37	10.57	11.16	12.49	12.21	11.80	12.05	12.68
Days Inventory Outstanding (DIO)	47.09	52.73	52.83	53.09	51.34	57.90	59.49	62.82	62.05	64.08
Days Payable Outstanding (DPO)	13.42	12.87	14.17	13.66	13.12	12.77	13.92	13.80	13.46	12.33
Cash Conversion Cycle (CCC)	44.24	50.62	50.02	50.00	49.38	57.62	57.78	60.82	60.63	64.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,496	7,050	7,129	7,497	7,444	8,285	8,457	8,964	9,345	9,204
Invested Capital Turnover	4.50	4.16	4.18	4.16	4.20	3.85	3.80	3.63	3.57	3.48
Increase / (Decrease) in Invested Capital	955	714	768	1,177	948	1,235	1,328	1,468	1,901	919
Enterprise Value (EV)	9,434	10,740	12,286	14,294	13,900	14,072	14,392	13,910	14,986	14,172
Market Capitalization	7,002	7,838	9,480	11,180	10,980	10,514	10,751	9,901	10,845	10,178
Book Value per Share	$54.76	$58.17	$62.59	$63.51	$67.21	$70.32	$71.81	$74.08	$77.93	$78.03
Tangible Book Value per Share	$17.11	$18.27	$21.26	$21.08	$22.88	$25.93	$24.80	$24.92	$26.72	$27.36
Total Capital	8,322	8,793	8,949	9,325	9,302	10,156	10,379	10,894	11,286	11,103
Total Debt	4,234	4,618	4,597	4,916	4,750	5,401	5,533	5,907	6,052	5,876
Total Long-Term Debt	1,562	1,547	1,620	1,614	1,537	1,420	1,462	1,595	1,132	1,131
Net Debt	2,408	2,875	2,777	3,087	2,893	3,529	3,611	3,978	4,111	3,977
Capital Expenditures (CapEx)	57	67	102	83	66	103	103	99	62	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,477	2,916	2,939	3,200	3,138	3,907	3,855	4,104	4,253	4,115
Debt-free Net Working Capital (DFNWC)	2,569	3,023	3,040	3,320	3,243	4,003	3,972	4,219	4,345	4,187
Net Working Capital (NWC)	-103	-49	62	18	30	22	-100	-94	-576	-558
Net Nonoperating Expense (NNE)	-76	-45	-25	-15	-19	7.43	24	9.33	9.69	14
Net Nonoperating Obligations (NNO)	2,408	2,875	2,777	3,087	2,893	3,529	3,611	3,978	4,111	3,977
Total Depreciation and Amortization (D&A)	32	32	34	34	35	38	38	39	41	41
Debt-free, Cash-free Net Working Capital to Revenue	9.14%	10.48%	10.43%	11.14%	10.72%	13.23%	13.01%	13.74%	14.17%	13.51%
Debt-free Net Working Capital to Revenue	9.48%	10.87%	10.79%	11.55%	11.08%	13.56%	13.40%	14.13%	14.48%	13.75%
Net Working Capital to Revenue	-0.38%	-0.18%	0.22%	0.06%	0.10%	0.07%	-0.34%	-0.31%	-1.92%	-1.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.61	$4.25	$4.31	$4.41	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53
Adjusted Weighted Average Basic Shares Outstanding	73.74M	74.39M	69.20M	68.18M	67.25M	67.96M	67.06M	66.88M	66.77M	66.88M
Adjusted Diluted Earnings per Share	$4.61	$4.25	$4.31	$4.41	$3.92	$2.86	$3.21	$3.61	$3.39	$3.53
Adjusted Weighted Average Diluted Shares Outstanding	73.76M	74.39M	69.22M	68.19M	67.27M	67.96M	67.08M	66.90M	66.78M	66.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.30M	69.07M	69.00M	67.30M	67.21M	66.99M	66.88M	66.77M	66.77M	66.75M
Normalized Net Operating Profit after Tax (NOPAT)	265	254	275	288	246	199	240	252	237	251
Normalized NOPAT Margin	3.83%	3.63%	3.75%	3.85%	3.30%	2.74%	3.23%	3.28%	3.12%	3.26%
Pre Tax Income Margin	6.75%	5.63%	5.54%	5.36%	4.79%	3.52%	3.96%	4.23%	4.01%	4.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.44	8.16	7.67	6.92	5.53	4.29	4.96	5.08	4.31	4.68
NOPAT to Interest Expense	8.36	6.19	5.65	5.23	4.10	3.22	3.63	3.79	3.21	3.52
EBIT Less CapEx to Interest Expense	9.65	6.54	5.57	5.41	4.43	2.62	3.41	3.59	3.47	3.57
NOPAT Less CapEx to Interest Expense	6.57	4.56	3.54	3.72	3.00	1.55	2.08	2.30	2.37	2.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.70%	11.12%	12.16%	13.43%	15.12%	17.86%	21.06%	24.57%	28.24%	31.52%
Augmented Payout Ratio	57.74%	73.83%	77.51%	87.60%	68.79%	51.75%	49.92%	34.25%	36.85%	37.88%

Frequently Asked Questions About Penske Automotive Group's Financials

When does Penske Automotive Group's financial year end?

According to the most recent income statement we have on file, Penske Automotive Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Penske Automotive Group's net income changed over the last 9 years?

Penske Automotive Group's net income appears to be on an upward trend, with a most recent value of $923.40 million in 2024, rising from $330.40 million in 2015. The previous period was $1.06 billion in 2023.

What is Penske Automotive Group's operating income?

Penske Automotive Group's total operating income in 2024 was $1.32 billion, based on the following breakdown:

Total Gross Profit: $5.01 billion
Total Operating Expenses: $3.70 billion

How has Penske Automotive Group revenue changed over the last 9 years?

Over the last 9 years, Penske Automotive Group's total revenue changed from $19.28 billion in 2015 to $30.46 billion in 2024, a change of 57.9%.

How much debt does Penske Automotive Group have?

Penske Automotive Group's total liabilities were at $11.49 billion at the end of 2024, a 5.3% increase from 2023, and a 86.0% increase since 2015.

How much cash does Penske Automotive Group have?

In the past 9 years, Penske Automotive Group's cash and equivalents has ranged from $24 million in 2016 to $106.50 million in 2022, and is currently $72.40 million as of their latest financial filing in 2024.

How has Penske Automotive Group's book value per share changed over the last 9 years?

Over the last 9 years, Penske Automotive Group's book value per share changed from 19.88 in 2015 to 78.03 in 2024, a change of 292.6%.

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This page (NYSE:PAG) was last updated on 4/14/2025 by MarketBeat.com Staff

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Penske Automotive Group (PAG) Financials

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Penske Automotive Group (PAG) Financials

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