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Sonic Automotive, Inc. (SAH) 10-Year Financial Performance & Capital Metrics

SAH • • Industrial / General
Consumer CyclicalAuto DealershipsTraditional Automotive DealershipsMulti-Brand Franchise Dealers
AboutSonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.Show more
  • Revenue $14.22B -1.0%
  • EBITDA $610M -8.4%
  • Net Income $216M +21.2%
  • EPS (Diluted) 6.18 +24.6%
  • Gross Margin 14.36% -1.9%
  • EBITDA Margin 4.29% -7.4%
  • Operating Margin 3.23% -11.3%
  • Net Margin 1.52% +22.5%
  • ROE 22.11% +10.8%
  • ROIC 6.98% -21.0%
  • Debt/Equity 3.89 -10.3%
  • Interest Coverage 2.25 -22.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Good 3Y average ROE of 17.0%
  • ✓Share count reduced 2.5% through buybacks
  • ✓Efficient asset utilization: 2.4x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 3.9x
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Thin 5Y average net margin of 1.1%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.46%
5Y6.35%
3Y4.69%
TTM9.09%

Profit (Net Income) CAGR

10Y8.35%
5Y8.37%
3Y-14.77%
TTM-33.5%

EPS CAGR

10Y12.88%
5Y13.3%
3Y-8.47%
TTM-33.63%

ROCE

10Y Avg15.47%
5Y Avg17.69%
3Y Avg17.28%
Latest14.53%

Peer Comparison

Multi-Brand Franchise Dealers
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Size & Scale
Valuation
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CALIChina Auto Logistics Inc.50.5951.104.64%-0.26%-5.43%2.55
ANAutoNation, Inc.7.77B214.3512.67-0.68%2.38%26.4%3.54
PAGPenske Automotive Group, Inc.10.83B164.3911.963.14%3.08%16.48%7.49%1.58
ABGAsbury Automotive Group, Inc.4.83B248.5011.5616.12%2.36%10.86%7.51%1.51
LADLithia Motors, Inc.8.06B332.3811.2116.58%2.39%13.23%0.91%2.08
GPIGroup 1 Automotive, Inc.4.79B397.1010.8111.53%1.67%12.33%7.13%1.76
SAHSonic Automotive, Inc.1.43B64.3610.41-1.03%0.86%12.19%3.89
CTNTCheetah Net Supply Chain Service Inc.3.16M1.16-0.44-98.81%-11.38%-46.68%0.20

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+9.62B9.73B9.87B9.95B10.45B9.77B12.4B14B14.37B14.22B
Revenue Growth %0.05%0.01%0.01%0.01%0.05%-0.07%0.27%0.13%0.03%-0.01%
Cost of Goods Sold+8.28B8.38B8.5B8.6B9.03B8.43B10.58B11.81B12.27B12.18B
COGS % of Revenue0.86%0.86%0.86%0.86%0.86%0.86%0.85%0.84%0.85%0.86%
Gross Profit+1.35B1.35B1.37B1.35B1.43B1.33B1.81B2.19B2.1B2.04B
Gross Margin %0.14%0.14%0.14%0.14%0.14%0.14%0.15%0.16%0.15%0.14%
Gross Profit Growth %0.03%0%0.01%-0.01%0.06%-0.07%0.36%0.21%-0.04%-0.03%
Operating Expenses+1.11B1.11B1.15B1.15B1.17B1.04B1.28B1.55B1.58B1.58B
OpEx % of Revenue0.12%0.11%0.12%0.12%0.11%0.11%0.1%0.11%0.11%0.11%
Selling, General & Admin1.11B1.11B1.15B1.15B1.17B1.04B1.28B1.55B1.58B1.58B
SG&A % of Revenue0.12%0.11%0.12%0.12%0.11%0.11%0.1%0.11%0.11%0.11%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses0000000000
Operating Income+237.25M241.27M220.76M207.38M258.31M295.71M537.4M635M523.6M459.7M
Operating Margin %0.02%0.02%0.02%0.02%0.02%0.03%0.04%0.05%0.04%0.03%
Operating Income Growth %0.01%0.02%-0.09%-0.06%0.25%0.14%0.82%0.18%-0.18%-0.12%
EBITDA+306.7M319.45M310.35M301.62M351.49M386.73M638.5M762.5M665.9M610.1M
EBITDA Margin %0.03%0.03%0.03%0.03%0.03%0.04%0.05%0.05%0.05%0.04%
EBITDA Growth %0.04%0.04%-0.03%-0.03%0.17%0.1%0.65%0.19%-0.13%-0.08%
D&A (Non-Cash Add-back)69.45M78.18M89.59M94.24M93.17M91.02M101.1M127.5M142.3M150.4M
EBIT210.01M228M194.21M177.83M303.99M34.38M521.4M313.5M422.7M460.4M
Net Interest Income+-64.86M-72.79M-86.08M-102.52M-104.35M-69.14M-63.2M-123.5M-180.8M-204.3M
Interest Income0000000000
Interest Expense64.86M72.79M86.08M102.52M104.35M69.14M63.2M123.5M180.8M204.3M
Other Income/Expense-92.09M-86.06M-112.64M-132.06M-58.67M-330.47M-79.2M-445M-281.7M-203.6M
Pretax Income+145.16M155.21M108.12M75.31M199.65M-34.76M458.2M190M241.9M256.1M
Pretax Margin %0.02%0.02%0.01%0.01%0.02%-0%0.04%0.01%0.02%0.02%
Income Tax+57.06M60.7M13.97M22.92M55.11M15.9M109.3M101.5M63.7M40.1M
Effective Tax Rate %0.59%0.6%0.86%0.69%0.72%1.46%0.76%0.47%0.74%0.84%
Net Income+86.28M93.14M92.89M51.6M144.54M-50.66M348.9M88.5M178.2M216M
Net Margin %0.01%0.01%0.01%0.01%0.01%-0.01%0.03%0.01%0.01%0.02%
Net Income Growth %-0.11%0.08%-0%-0.44%1.8%-1.35%7.89%-0.75%1.01%0.21%
Net Income (Continuing)88.09M94.52M94.15M52.39M144.54M-50.66M348.9M88.5M178.2M216M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.702.032.091.203.31-1.198.062.234.966.18
EPS Growth %-0.08%0.19%0.03%-0.43%1.76%-1.36%7.77%-0.72%1.22%0.25%
EPS (Basic)1.712.042.111.213.36-1.198.432.295.096.33
Diluted Shares Outstanding50.88M45.95M44.36M42.95M43.71M42.48M43.28M39.7M35.9M35M
Basic Shares Outstanding50.49M45.64M44M42.71M43.02M42.48M41.4M38.7M35M34.1M
Dividend Payout Ratio0.06%0.09%0.1%0.19%0.11%-0.05%0.39%0.22%0.19%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.08B2.03B2.02B1.99B2.02B1.88B2.08B2.21B2.52B2.89B
Cash & Short-Term Investments3.63M3.11M6.35M5.85M29.1M170.31M299.4M229.2M28.9M44M
Cash Only77.63M3.11M6.35M5.85M29.1M170.31M299.4M229.2M28.9M44M
Short-Term Investments0000000000
Accounts Receivable378.52M430.24M482.13M438.19M432.74M371.67M401.1M462.4M528.1M495.9M
Days Sales Outstanding14.3616.1417.8316.0715.1113.8911.8112.0513.4112.72
Inventory1.6B1.57B1.51B1.53B1.52B1.25B1.26B1.22B1.58B1.96B
Days Inventory Outstanding70.5368.4164.9764.8861.3853.9843.537.646.9558.66
Other Current Assets101.39M26.99M18.57M20.89M37.89M93.33M122.4M297.9M385.1M387.9M
Total Non-Current Assets+1.48B1.61B1.8B1.8B2.05B1.86B2.89B2.77B2.84B3.01B
Property, Plant & Equipment886.9M1.01B1.15B1.18B1.47B1.51B1.93B2.05B2.06B2.15B
Fixed Asset Turnover10.85x9.63x8.60x8.44x7.11x6.46x6.42x6.84x6.98x6.62x
Goodwill471.49M472.44M525.78M509.59M475.79M213.98M416.4M231M253.8M358.5M
Intangible Assets80.88M80.23M74.59M69.7M64.3M64.3M480.2M396.7M417.4M430.3M
Long-Term Investments0003M100K00000
Other Non-Current Assets37.2M42.84M48.57M38.93M40.45M45.28M51.6M75.8M72.2M73M
Total Assets+3.56B3.64B3.82B3.8B4.07B3.75B4.98B4.98B5.36B5.9B
Asset Turnover2.70x2.67x2.58x2.62x2.57x2.61x2.49x2.81x2.68x2.41x
Asset Growth %0.12%0.02%0.05%-0.01%0.07%-0.08%0.33%0%0.08%0.1%
Total Current Liabilities+1.91B1.94B1.95B1.95B2.07B1.83B1.89B1.85B2.29B2.64B
Accounts Payable131.2M117.74M129.9M114.26M135.22M105.1M133.3M138.4M149.8M172M
Days Payables Outstanding5.785.135.584.855.474.554.64.284.465.15
Short-Term Debt1.55B1.57B1.57B1.56B1.65B1.44B1.41B1.35B1.77B2.05B
Deferred Revenue (Current)0000000000
Other Current Liabilities230.55M249.75M249.78M270.74M277.04M287.57M350.1M352M369.8M412.3M
Current Ratio1.09x1.05x1.03x1.02x0.98x1.03x1.10x1.20x1.10x1.09x
Quick Ratio0.25x0.24x0.26x0.24x0.24x0.35x0.44x0.54x0.41x0.35x
Cash Conversion Cycle79.179.4277.2376.171.0263.3250.7145.3855.9166.23
Total Non-Current Liabilities+918.71M977.29M1.08B1.03B1.06B1.1B2.01B2.24B2.18B2.2B
Long-Term Debt781.14M839.67M963.39M918.78M636.98M651.82M1.51B1.67B1.62B1.51B
Capital Lease Obligations0000340.46M358.85M400.3M460M473.7M564.1M
Deferred Tax Liabilities73.32M76.45M51.62M33.18M8.93M345K00026.2M
Other Non-Current Liabilities64.25M61.17M61.92M75.89M73.75M88.75M96M105.5M89.6M93.5M
Total Liabilities2.83B2.91B3.03B2.97B3.13B2.93B3.9B4.08B4.47B4.83B
Total Debt+2.33B2.41B2.54B2.48B2.63B2.45B3.32B3.49B3.86B4.13B
Net Debt2.33B2.41B2.53B2.47B2.6B2.28B3.02B3.26B3.83B4.08B
Debt / Equity3.20x3.32x3.23x3.01x2.79x3.01x3.08x3.89x4.33x3.89x
Debt / EBITDA7.61x7.54x8.18x8.22x7.49x6.33x5.20x4.57x5.80x6.77x
Net Debt / EBITDA7.60x7.53x8.16x8.20x7.40x5.89x4.73x4.27x5.76x6.70x
Interest Coverage3.66x3.31x2.56x2.02x2.48x4.28x8.50x5.14x2.90x2.25x
Total Equity+729.05M725.16M786.76M823.12M944.76M814.8M1.08B895.2M891.9M1.06B
Equity Growth %0.09%-0.01%0.08%0.05%0.15%-0.14%0.32%-0.17%-0%0.19%
Book Value per Share14.3315.7817.7419.1621.6119.1824.8722.5524.8430.35
Total Shareholders' Equity729.05M725.16M786.76M823.12M944.76M814.8M1.08B895.2M891.9M1.06B
Common Stock747K751K756K763K768K777K800K800K800K800K
Retained Earnings457.01M541.15M625.36M670.69M790.16M721.77M1.05B1.1B1.24B1.41B
Treasury Stock-436.19M-536.17M-573.51M-597.62M-600M-671.73M-765M-1.03B-1.2B-1.24B
Accumulated OCI-5.63M-2.26M1.31M4.23M-2.06M-3.62M-1.3M1.6M1.6M3.8M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-112.13M259.3M209.18M126.84M131.12M556.73M801.7M381M-52.9M97.7M
Operating CF Margin %-0.01%0.03%0.02%0.01%0.01%0.06%0.06%0.03%-0%0.01%
Operating CF Growth %-1.86%3.31%-0.19%-0.39%0.03%3.25%0.44%-0.52%-1.14%2.85%
Net Income88.06M94.46M94.07M52.34M144.54M-50.66M348.9M88.5M178.2M216M
Depreciation & Amortization69.45M78.18M89.59M94.24M93.17M91.02M101.1M127.5M142.3M150.4M
Stock-Based Compensation0000000000
Deferred Taxes16M14.46M-27.76M-20.61M-20.84M-33.68M12.3M-12.7M-18.6M-29.1M
Other Non-Cash Items29.11M22.05M29.14M1.94M-37.95M273.98M23.5M323.2M73.2M10.1M
Working Capital Changes-314.74M50.14M24.14M-1.07M-47.8M276.07M315.9M-145.5M-428M-249.7M
Change in Receivables-9.05M-62.89M-52.99M50.35M4.65M64.81M500K-50.4M-57M42.6M
Change in Inventory-291.1M35.55M57.25M-78.7M-78.52M278.1M252.4M81.4M-375.2M-358.3M
Change in Payables5.19M14.95M16.61M15.99M-21.4M-55.47M7.3M-35.8M200K19M
Cash from Investing+-163.65M-220.77M-272.11M-15.33M136.78M-100.18M-1.3B-299.7M-218.7M-178.3M
Capital Expenditures-173.25M-206.23M-234.25M-163.62M-125.58M-127.18M-298.2M-227.1M-203.6M-187.3M
CapEx % of Revenue0.02%0.02%0.02%0.02%0.01%0.01%0.02%0.02%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing0000805K00000
Cash from Financing+275.45M-39.04M66.17M-112.01M-244.65M-315.33M624.8M-151.5M71.3M95.8M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-5.08M-8.7M-8.85M-9.83M-15.49M-17.13M-18.3M-34.5M-40M-40.8M
Share Repurchases----------
Other Financing1.89M-2.61M00000000
Net Change in Cash----------
Free Cash Flow+-285.38M53.06M-25.06M-36.78M5.54M429.54M503.5M153.9M-256.5M-89.6M
FCF Margin %-0.03%0.01%-0%-0%0%0.04%0.04%0.01%-0.02%-0.01%
FCF Growth %-16.43%1.19%-1.47%-0.47%1.15%76.52%0.17%-0.69%-2.67%0.65%
FCF per Share-5.611.15-0.57-0.860.1310.1111.633.88-7.14-2.56
FCF Conversion (FCF/Net Income)-1.30x2.78x2.25x2.46x0.91x-10.99x2.30x4.31x-0.30x0.45x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)12.36%12.81%12.29%6.41%16.35%-5.76%36.9%8.98%19.94%22.11%
Return on Invested Capital (ROIC)6.26%5.92%5.13%4.7%5.66%6.68%11.21%11.55%8.85%6.98%
Gross Margin13.98%13.89%13.87%13.59%13.66%13.64%14.63%15.64%14.64%14.36%
Net Margin0.9%0.96%0.94%0.52%1.38%-0.52%2.81%0.63%1.24%1.52%
Debt / Equity3.20x3.32x3.23x3.01x2.79x3.01x3.08x3.89x4.33x3.89x
Interest Coverage3.66x3.31x2.56x2.02x2.48x4.28x8.50x5.14x2.90x2.25x
FCF Conversion-1.30x2.78x2.25x2.46x0.91x-10.99x2.30x4.31x-0.30x0.45x
Revenue Growth4.64%1.12%1.39%0.86%5.05%-6.57%26.92%12.94%2.65%-1.03%

Revenue by Segment

2015201620172018201920202021202220232024
New Vehicle---4.97B4.89B4.28B5.12B5.72B6.4B6.6B
New Vehicle Growth-----1.71%-12.43%19.55%11.80%11.79%3.22%
Retail New Vehicles-------31.8M6.3B6.51B
Retail New Vehicles Growth--------19725.79%3.22%
UsedVehiclesMember--------5.21B4.78B
UsedVehiclesMember Growth----------8.31%
Parts, Service and Collision Repair----1.4B1.23B1.4B1.6B1.76B1.85B
Parts, Service and Collision Repair Growth------11.58%13.22%14.53%9.99%4.94%
Finance, Insurance, And Other, Net----476.95M489.87M637.2M679.1M683.7M707.8M
Finance, Insurance, And Other, Net Growth-----2.71%30.07%6.58%0.68%3.52%
Wholesale Vehicles---217.63M202.95M197.38M367.2M484.9M318.8M287.1M
Wholesale Vehicles Growth-----6.75%-2.74%86.04%32.05%-34.25%-9.94%
Total Vehicles---8.17B8.58B8.04B10.36B11.72B--
Total Vehicles Growth----5.11%-6.28%28.83%13.12%--
Used Vehicles---2.97B3.49B3.56B4.88B5.52B--
Used Vehicles Growth----17.37%2.15%36.81%13.09%--
Franchised Dealerships9.55B9.6B9.61B-------
Franchised Dealerships Growth-0.58%0.11%-------
Pre Owned Stores--254.31M-------
Pre Owned Stores Growth----------
Echo Park77.06M129.22M--------
Echo Park Growth-67.68%--------

Frequently Asked Questions

Valuation & Price

Sonic Automotive, Inc. (SAH) has a price-to-earnings (P/E) ratio of 10.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Sonic Automotive, Inc. (SAH) reported $15.18B in revenue for fiscal year 2024. This represents a 93% increase from $7.87B in 2011.

Sonic Automotive, Inc. (SAH) saw revenue decline by 1.0% over the past year.

Yes, Sonic Automotive, Inc. (SAH) is profitable, generating $130.4M in net income for fiscal year 2024 (1.5% net margin).

Dividend & Returns

Yes, Sonic Automotive, Inc. (SAH) pays a dividend with a yield of 1.81%. This makes it attractive for income-focused investors.

Sonic Automotive, Inc. (SAH) has a return on equity (ROE) of 22.1%. This is excellent, indicating efficient use of shareholder capital.

Sonic Automotive, Inc. (SAH) generated $437.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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