LKQ Corporation (LKQ) 10-Year Financial Performance & Capital Metrics

LKQ • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentAftermarket Parts & RetailAutomotive Retail Chains

AboutLKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.Show more

Revenue $14.36B +3.5%
EBITDA $1.6B -4.2%
Net Income $690M -26.3%
EPS (Diluted) 2.63 -25.1%
Gross Margin 39.09% -2.8%
EBITDA Margin 11.18% -7.5%
Operating Margin 8.35% -14.7%
Net Margin 4.81% -28.8%
ROE 11.3% -29.5%
ROIC 7.84% -20.3%
Debt/Equity 0.93 +1.9%
Interest Coverage 4.58 -27.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.9%
✓Healthy dividend yield of 3.6%
✓Trading at only 1.5x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.85%

5Y2.8%

3Y3.13%

TTM-3.71%

Profit (Net Income) CAGR

10Y6.1%

5Y4.98%

3Y-14.16%

TTM-1.97%

EPS CAGR

10Y7.72%

5Y8.61%

3Y-10.43%

TTM0.37%

ROCE

10Y Avg11.9%

5Y Avg12.37%

3Y Avg12.77%

Latest10.05%

Peer Comparison

Automotive Retail Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ORLYO'Reilly Automotive, Inc.	79.04B	93.64	34.55	5.67%	14.22%		2.56%
AZOAutoZone, Inc.	57.41B	3465.45	23.92	2.43%	13.19%		3.12%
LKQLKQ Corporation	8.68B	33.93	12.90	3.53%	4.99%	10.59%	9.33%	0.93
MNROMonro, Inc.	639.42M	21.30	-96.82	-6.38%	-1.6%	-3.17%	16.51%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.19B	8.58B	9.74B	11.88B	12.51B	11.63B	13.09B	12.79B	13.87B	14.36B
Revenue Growth %	0.07%	0.19%	0.13%	0.22%	0.05%	-0.07%	0.13%	-0.02%	0.08%	0.04%
Cost of Goods Sold+	4.36B	5.23B	5.94B	7.3B	7.65B	7.04B	7.77B	7.57B	8.29B	8.74B
COGS % of Revenue	0.61%	0.61%	0.61%	0.61%	0.61%	0.61%	0.59%	0.59%	0.6%	0.61%
Gross Profit+	2.83B	3.35B	3.8B	4.57B	4.85B	4.59B	5.32B	5.22B	5.58B	5.61B
Gross Margin %	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.41%	0.41%	0.4%	0.39%
Gross Profit Growth %	0.07%	0.18%	0.13%	0.2%	0.06%	-0.05%	0.16%	-0.02%	0.07%	0.01%
Operating Expenses+	2.13B	2.59B	2.95B	3.69B	3.96B	3.61B	3.85B	3.64B	4.22B	4.41B
OpEx % of Revenue	0.3%	0.3%	0.3%	0.31%	0.32%	0.31%	0.29%	0.28%	0.3%	0.31%
Selling, General & Admin	1.43B	2.36B	2.72B	3.35B	3.58B	3.27B	3.57B	3.54B	3.87B	3.92B
SG&A % of Revenue	0.2%	0.27%	0.28%	0.28%	0.29%	0.28%	0.27%	0.28%	0.28%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	697.67M	229.19M	239.22M	339.88M	374.85M	341.63M	280M	98M	348M	496M
Operating Income+	704.63M	763.4M	845M	882.24M	896.64M	985.58M	1.47B	1.58B	1.36B	1.2B
Operating Margin %	0.1%	0.09%	0.09%	0.07%	0.07%	0.08%	0.11%	0.12%	0.1%	0.08%
Operating Income Growth %	0.08%	0.08%	0.11%	0.04%	0.02%	0.1%	0.5%	0.07%	-0.14%	-0.12%
EBITDA+	832.82M	969.48M	1.08B	1.18B	1.21B	1.28B	1.76B	1.84B	1.68B	1.6B
EBITDA Margin %	0.12%	0.11%	0.11%	0.1%	0.1%	0.11%	0.13%	0.14%	0.12%	0.11%
EBITDA Growth %	0.07%	0.16%	0.11%	0.09%	0.03%	0.06%	0.37%	0.05%	-0.09%	-0.04%
D&A (Non-Cash Add-back)	128.19M	206.09M	230.2M	294.08M	314.41M	299M	284M	264M	319M	406M
EBIT	706.89M	765.54M	868.27M	873.22M	907.86M	1.01B	1.47B	1.6B	1.45B	1.22B
Net Interest Income+	-49.78M	-84.02M	-31.7M	-162.38M	-160.17M	-110.81M	-71.43M	-78M	-214M	-262M
Interest Income	2.72M	2.45M	76.94M	0	0	0	0	0	0	0
Interest Expense	52.49M	86.47M	108.64M	162.38M	160.17M	110.81M	71.43M	78M	214M	262M
Other Income/Expense	-61.7M	-86.71M	-72.46M	-203.28M	-137.9M	-95.57M	-52.41M	-52M	-107M	-233M
Pretax Income+	642.93M	676.69M	772.53M	678.96M	758.75M	890.01M	1.42B	1.53B	1.25B	966M
Pretax Margin %	0.09%	0.08%	0.08%	0.06%	0.06%	0.08%	0.11%	0.12%	0.09%	0.07%
Income Tax+	219.7M	220.57M	235.56M	191.4M	215.33M	249.5M	330.59M	385M	306M	273M
Effective Tax Rate %	0.66%	0.69%	0.69%	0.71%	0.71%	0.72%	0.77%	0.75%	0.75%	0.71%
Net Income+	423.22M	463.98M	533.74M	480.12M	541.26M	638.42M	1.09B	1.15B	936M	690M
Net Margin %	0.06%	0.05%	0.05%	0.04%	0.04%	0.05%	0.08%	0.09%	0.07%	0.05%
Net Income Growth %	0.11%	0.1%	0.15%	-0.1%	0.13%	0.18%	0.71%	0.05%	-0.19%	-0.26%
Net Income (Continuing)	423.22M	456.12M	536.97M	487.56M	543.41M	640.51M	1.09B	1.14B	944M	693M
Discontinued Operations	0	7.85M	-6.75M	-4.4M	1.62M	-95K	1M	6M	-6M	0
Minority Interest	0	0	8.48M	56.45M	39.7M	39.66M	39M	38M	14M	15M
EPS (Diluted)+	1.38	1.50	1.71	1.52	1.74	2.09	3.66	4.13	3.51	2.63
EPS Growth %	0.1%	0.09%	0.14%	-0.11%	0.14%	0.2%	0.75%	0.13%	-0.15%	-0.25%
EPS (Basic)	1.39	1.51	1.72	1.53	1.75	2.10	3.68	4.15	3.52	2.63
Diluted Shares Outstanding	307.5M	309.78M	310.65M	315.85M	310.97M	305.01M	297.72M	278M	268.3M	263.9M
Basic Shares Outstanding	304.72M	306.9M	308.61M	314.43M	310.15M	304.64M	296.84M	277.1M	267.6M	263.6M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.25%	0.32%	0.46%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.34B	3.57B	3.82B	4.52B	4.69B	4.03B	4.25B	4.26B	4.87B	4.91B
Cash & Short-Term Investments	87.4M	227.4M	279.77M	331.76M	523.02M	312.15M	274M	278M	299M	234M
Cash Only	87.4M	227.4M	279.77M	331.76M	523.02M	312.15M	274M	278M	299M	234M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	590.16M	860.55M	1.03B	1.15B	1.13B	1.07B	1.07B	998M	1.17B	1.12B
Days Sales Outstanding	29.95	36.59	38.5	35.47	33.01	33.69	29.92	28.47	30.67	28.53
Inventory	1.56B	1.94B	2.38B	2.84B	2.77B	2.41B	2.61B	2.75B	3.12B	3.22B
Days Inventory Outstanding	130.33	135	146.36	141.77	132.22	125.27	122.7	132.67	137.4	134.41
Other Current Assets	0	456.64M	0	0	0	0	-947K	230M	283M	330M
Total Non-Current Assets+	3.31B	4.74B	5.54B	6.87B	8.09B	8.33B	8.35B	7.78B	10.21B	10.05B
Property, Plant & Equipment	696.57M	811.58M	913.09M	1.22B	2.54B	2.6B	2.66B	2.46B	2.85B	2.9B
Fixed Asset Turnover	10.33x	10.58x	10.66x	9.73x	4.92x	4.47x	4.92x	5.19x	4.86x	4.94x
Goodwill	2.32B	3.05B	3.54B	4.38B	4.41B	4.59B	4.54B	4.32B	5.6B	5.45B
Intangible Assets	215.12M	584.23M	743.77M	928.75M	850.34M	814.22M	746M	653M	1.31B	1.15B
Long-Term Investments	2.75M	183.47M	208.4M	179.17M	139.24M	155.22M	181M	141M	159M	169M
Other Non-Current Assets	73.44M	101.56M	142.97M	162.91M	153.11M	163.66M	225M	204M	287M	377M
Total Assets+	5.65B	8.3B	9.37B	11.39B	12.78B	12.36B	12.61B	12.04B	15.08B	14.96B
Asset Turnover	1.27x	1.03x	1.04x	1.04x	0.98x	0.94x	1.04x	1.06x	0.92x	0.96x
Asset Growth %	0.01%	0.47%	0.13%	0.22%	0.12%	-0.03%	0.02%	-0.05%	0.25%	-0.01%
Total Current Liabilities+	751.97M	1.21B	1.32B	1.69B	2.18B	1.99B	2.17B	2.27B	3.32B	2.86B
Accounts Payable	415.59M	633.77M	788.61M	942.4M	942.79M	932.41M	1.18B	1.34B	1.65B	1.8B
Days Payables Outstanding	34.8	44.21	48.48	47.11	44.96	48.37	55.26	64.55	72.55	75.18
Short-Term Debt	56.03M	66.11M	126.36M	121.83M	326.37M	58.5M	35M	34M	596M	38M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	69.36M	183.05M	45.73M	165.69M	218.94M	232.17M	219M	198M	281M	220M
Current Ratio	3.11x	2.95x	2.89x	2.67x	2.15x	2.03x	1.96x	1.87x	1.47x	1.71x
Quick Ratio	1.04x	1.35x	1.09x	1.00x	0.88x	0.81x	0.76x	0.66x	0.53x	0.59x
Cash Conversion Cycle	125.48	127.38	136.38	130.13	120.28	110.59	97.36	96.59	95.51	87.76
Total Non-Current Liabilities+	1.78B	3.65B	3.84B	4.86B	5.55B	4.68B	4.63B	4.28B	5.58B	6.06B
Long-Term Debt	1.53B	3.28B	3.28B	4.19B	3.72B	2.81B	2.78B	2.62B	3.65B	4.13B
Capital Lease Obligations	0	0	0	0	1.14B	1.2B	1.21B	1.09B	1.16B	1.21B
Deferred Tax Liabilities	127.24M	199.66M	252.36M	311.43M	310.13M	291.42M	279M	280M	448M	386M
Other Non-Current Liabilities	125.28M	174.15M	307.52M	364.19M	389.75M	374.64M	365M	283M	314M	341M
Total Liabilities	2.53B	4.86B	5.16B	6.55B	7.73B	6.67B	6.79B	6.55B	8.9B	8.92B
Total Debt+	1.58B	3.34B	3.4B	4.31B	5.4B	4.29B	4.22B	3.94B	5.64B	5.61B
Net Debt	1.5B	3.11B	3.12B	3.98B	4.88B	3.98B	3.95B	3.66B	5.34B	5.38B
Debt / Equity	0.51x	0.97x	0.81x	0.89x	1.07x	0.75x	0.73x	0.72x	0.91x	0.93x
Debt / EBITDA	1.90x	3.45x	3.17x	3.66x	4.46x	3.34x	2.40x	2.13x	3.36x	3.49x
Net Debt / EBITDA	1.80x	3.21x	2.91x	3.38x	4.03x	3.10x	2.25x	1.98x	3.19x	3.35x
Interest Coverage	13.42x	8.83x	7.78x	5.43x	5.60x	8.89x	20.64x	20.27x	6.34x	4.58x
Total Equity+	3.11B	3.44B	4.21B	4.84B	5.05B	5.7B	5.81B	5.49B	6.18B	6.03B
Equity Growth %	0.14%	0.11%	0.22%	0.15%	0.04%	0.13%	0.02%	-0.06%	0.13%	-0.02%
Book Value per Share	10.13	11.11	13.54	15.32	16.23	18.67	19.52	19.75	23.04	22.86
Total Shareholders' Equity	3.11B	3.44B	4.2B	4.78B	5.01B	5.66B	5.77B	5.45B	6.17B	6.02B
Common Stock	3.06M	3.08M	3.09M	3.18M	3.2M	3.21M	3M	3M	3M	3M
Retained Earnings	2.13B	2.59B	3.12B	3.6B	4.14B	4.78B	5.79B	6.66B	7.29B	7.66B
Treasury Stock	0	0	0	-60M	-351.81M	-469.11M	-1.35B	-2.39B	-2.42B	-2.79B
Accumulated OCI	-105.47M	-267.18M	-70.48M	-174.95M	-200.88M	-99.01M	-153M	-323M	-240M	-417M
Minority Interest	0	0	8.48M	56.45M	39.7M	39.66M	39M	38M	14M	15M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	529.84M	635.01M	518.9M	710.74M	1.06B	1.44B	1.37B	1.25B	1.36B	1.12B
Operating CF Margin %	0.07%	0.07%	0.05%	0.06%	0.09%	0.12%	0.1%	0.1%	0.1%	0.08%
Operating CF Growth %	0.43%	0.2%	-0.18%	0.37%	0.5%	0.36%	-0.05%	-0.09%	0.08%	-0.17%
Net Income	423.22M	463.98M	530.23M	483.17M	545.03M	640.41M	1.09B	1.15B	938M	693M
Depreciation & Amortization	128.19M	206.09M	230.2M	294.08M	314.41M	299.5M	284M	264M	319M	406M
Stock-Based Compensation	21.34M	22.47M	22.83M	22.76M	27.7M	29M	34M	38M	40M	30M
Deferred Taxes	22.39M	-16.16M	-46.54M	-2.18M	7.11M	-33.83M	-27.08M	6M	13M	-34M
Other Non-Cash Items	-7.1M	46.33M	8.68M	112.61M	71.85M	12.07M	-13.28M	-173M	-31M	83M
Working Capital Changes	-58.2M	-87.69M	-226.51M	-199.69M	97.94M	496.72M	-2.72M	-35M	77M	-57M
Change in Receivables	14.7M	-50.8M	-55.98M	241K	26.42M	93.59M	-16.23M	-16M	5M	-2M
Change in Inventory	-83.19M	-64.11M	-203.86M	-127.15M	15.46M	433.07M	-234.51M	-342M	71M	-253M
Change in Payables	-4.22M	18.58M	45.14M	-77.62M	3.71M	-64.03M	283.19M	269M	-5M	251M
Cash from Investing+	-329.99M	-1.71B	-384.6M	-1.46B	-264.85M	-165.89M	-418.76M	172M	-2.44B	-406M
Capital Expenditures	-170.49M	-207.07M	-179.09M	-250.03M	-265.73M	-172.69M	-293.47M	-222M	-358M	-311M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.01M	32.16M	5.24M	38.72M	1.25M	0	-20.96M	-10M	20M	-35M
Cash from Financing+	-224.09M	1.23B	-112.57M	883M	-600.67M	-1.51B	-985.13M	-1.39B	1.1B	-746M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-284M	-302M	-318M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.86M	-4.44M	-286K	-217K	-8.3M	-27.4M	-177.58M	-22M	-30M	-51M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	359.35M	427.94M	339.81M	460.71M	798.3M	1.27B	1.07B	1.03B	998M	810M
FCF Margin %	0.05%	0.05%	0.03%	0.04%	0.06%	0.11%	0.08%	0.08%	0.07%	0.06%
FCF Growth %	0.56%	0.19%	-0.21%	0.36%	0.73%	0.59%	-0.16%	-0.04%	-0.03%	-0.19%
FCF per Share	1.17	1.38	1.09	1.46	2.57	4.17	3.61	3.70	3.72	3.07
FCF Conversion (FCF/Net Income)	1.25x	1.37x	0.97x	1.48x	1.97x	2.26x	1.25x	1.09x	1.45x	1.62x
Interest Paid	54.92M	86.02M	95.71M	137.87M	143.12M	107M	76M	71M	197M	230M
Taxes Paid	180.13M	230.04M	273.02M	200.1M	181.31M	248M	423M	346M	305M	322M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.51%	14.15%	13.95%	10.62%	10.95%	11.88%	18.96%	20.33%	16.04%	11.3%
Return on Invested Capital (ROIC)	11.64%	10.25%	9.13%	8.2%	7.18%	7.54%	11.38%	12.54%	9.85%	7.84%
Gross Margin	39.39%	39.05%	39.02%	38.52%	38.8%	39.5%	40.66%	40.82%	40.21%	39.09%
Net Margin	5.88%	5.41%	5.48%	4.04%	4.33%	5.49%	8.34%	8.98%	6.75%	4.81%
Debt / Equity	0.51x	0.97x	0.81x	0.89x	1.07x	0.75x	0.73x	0.72x	0.91x	0.93x
Interest Coverage	13.42x	8.83x	7.78x	5.43x	5.60x	8.89x	20.64x	20.27x	6.34x	4.58x
FCF Conversion	1.25x	1.37x	0.97x	1.48x	1.97x	2.26x	1.25x	1.09x	1.45x	1.62x
Revenue Growth	6.71%	19.34%	13.43%	21.98%	5.3%	-7.01%	12.56%	-2.25%	8.38%	3.53%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Europe	-	-	-	-	-	5.49B	-	5.74B	6.32B	6.41B
Europe Growth	-	-	-	-	-	-	-	-	10.25%	1.33%
Wholesale - North America	-	-	-	-	-	-	-	4.21B	5.28B	5.76B
Wholesale - North America Growth	-	-	-	-	-	-	-	-	25.55%	9.11%
Specialty	-	-	-	1.48B	1.46B	1.51B	-	1.79B	1.67B	1.66B
Specialty Growth	-	-	-	-	-0.92%	3.07%	-	-	-6.87%	-0.66%
Self Service	-	-	-	-	-	-	-	715M	597M	532M
Self Service Growth	-	-	-	-	-	-	-	-	-16.50%	-10.89%
Aftermarket Other New And Refurbished Products	5.12B	6.44B	7.33B	-	-	-	-	-	-	-
Aftermarket Other New And Refurbished Products Growth	-	25.89%	13.74%	-	-	-	-	-	-	-
Recycled Remanufactured And Related Products And Services	1.6B	1.7B	1.88B	-	-	-	-	-	-	-
Recycled Remanufactured And Related Products And Services Growth	-	6.63%	10.51%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	4.83B	5.23B	5.66B	6.19B	6.22B	5.76B	6.63B	6.63B	6.83B	6.84B
UNITED STATES Growth	-	8.18%	8.32%	9.37%	0.45%	-7.47%	15.13%	0.09%	2.93%	0.16%
Other Countries	978.33M	1.97B	2.53B	3.04B	3.11B	2.89B	3.19B	3.09B	3.69B	4.09B
Other Countries Growth	-	100.99%	28.50%	20.48%	2.10%	-7.01%	10.46%	-3.25%	19.42%	10.98%
GERMANY	-	-	-	974.51M	1.58B	1.52B	1.62B	1.52B	1.67B	1.73B
GERMANY Growth	-	-	-	-	61.98%	-3.55%	6.53%	-6.10%	9.78%	3.59%
UNITED KINGDOM	1.38B	1.39B	1.55B	1.67B	1.6B	1.46B	1.65B	1.55B	1.68B	1.69B
UNITED KINGDOM Growth	-	0.60%	11.32%	7.56%	-3.98%	-8.66%	12.82%	-5.94%	8.32%	0.77%

Frequently Asked Questions

Valuation & Price

LKQ Corporation (LKQ) has a price-to-earnings (P/E) ratio of 12.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

LKQ Corporation (LKQ) reported $13.96B in revenue for fiscal year 2024. This represents a 327% increase from $3.27B in 2011.

LKQ Corporation (LKQ) grew revenue by 3.5% over the past year. Growth has been modest.

Yes, LKQ Corporation (LKQ) is profitable, generating $697.0M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Yes, LKQ Corporation (LKQ) pays a dividend with a yield of 3.55%. This makes it attractive for income-focused investors.

LKQ Corporation (LKQ) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

LKQ Corporation (LKQ) generated $722.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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