Penske Automotive Group, Inc. (PAG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 7.86B | 8.85B | 7.7B | 7.66B | 7.6B | 7.72B | 7.59B | 7.7B | 7.45B | 7.27B | 7.45B | 7.47B | 7.34B | 7.01B | 6.92B | 6.91B | 6.98B | 6.3B | 6.5B | 6.99B |
| Revenue Growth % | 3.41% | 14.59% | 1.38% | -0.45% | 2.1% | 6.16% | 1.92% | 3.06% | 1.48% | 3.71% | 7.62% | 8.13% | 5.21% | 11.37% | 6.52% | -1.15% | 20.81% | 8.33% | 8.8% | 91.38% |
| Cost of Goods Sold | 6.56B | 6.57B | 6.45B | 6.37B | 6.34B | 6.46B | 6.35B | 6.43B | 6.2B | 6.08B | 6.23B | 6.2B | 6.09B | 5.83B | 5.73B | 5.67B | 5.74B | 5.12B | 5.33B | 5.8B |
| COGS % of Revenue | 83.48% | 74.27% | 83.77% | 83.08% | 83.31% | 83.67% | 83.62% | 83.58% | 83.28% | 83.66% | 83.61% | 82.96% | 82.94% | 83.13% | 82.85% | 82.09% | 82.34% | 81.27% | 82.06% | 83.07% |
| Gross Profit | 1.3B | 1.4B | 1.25B | 1.3B | 1.27B | 1.26B | 1.24B | 1.26B | 1.25B | 1.19B | 1.22B | 1.27B | 1.25B | 1.18B | 1.19B | 1.24B | 1.23B | 1.18B | 1.17B | 1.18B |
| Gross Margin % | 16.52% | 15.85% | 16.23% | 16.92% | 16.69% | 16.33% | 16.38% | 16.42% | 16.72% | 16.34% | 16.39% | 17.04% | 17.06% | 16.87% | 17.15% | 17.91% | 17.66% | 18.73% | 17.94% | 16.93% |
| Gross Profit Growth % | 2.4% | 11.22% | 0.47% | 2.57% | 1.91% | 6.12% | 1.87% | -0.7% | -0.57% | 0.41% | 2.82% | 2.91% | 1.67% | 0.34% | 1.82% | 4.59% | 34.88% | 31.26% | 21.87% | 113.91% |
| Operating Expenses | 1.01B | 1.08B | 950.4M | 948.4M | 953.5M | 927M | 925.8M | 926.1M | 917.6M | 922.4M | 888.9M | 892.2M | 878.8M | 847.7M | 824.2M | 849.4M | 829.7M | 822.9M | 787.9M | 780M |
| OpEx % of Revenue | 12.85% | 12.25% | 12.35% | 12.38% | 12.54% | 12.01% | 12.2% | 12.03% | 12.32% | 12.68% | 11.94% | 11.95% | 11.97% | 12.09% | 11.91% | 12.3% | 11.89% | 13.07% | 12.13% | 11.16% |
| Selling, General & Admin | 0 | 1.04B | 907.5M | 906.3M | 913.6M | 886M | 885.2M | 887.5M | 879.8M | 844.1M | 853.5M | 858.1M | 844.9M | 815.5M | 792.7M | 817.7M | 797.8M | 791.1M | 757.7M | 749.8M |
| SG&A % of Revenue | - | 11.72% | 11.79% | 11.83% | 12.01% | 11.48% | 11.66% | 11.53% | 11.81% | 11.61% | 11.46% | 11.49% | 11.51% | 11.63% | 11.45% | 11.84% | 11.44% | 12.56% | 11.66% | 10.73% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 289M | 318.3M | 298.7M | 348.2M | 315.5M | 333.8M | 317.4M | 338M | 327.6M | 265.7M | 331.5M | 380.8M | 373.5M | 335.5M | 362.7M | 387.6M | 402M | 356.3M | 377.8M | 402.7M |
| Operating Margin % | 3.68% | 3.6% | 3.88% | 4.54% | 4.15% | 4.32% | 4.18% | 4.39% | 4.4% | 3.65% | 4.45% | 5.1% | 5.09% | 4.78% | 5.24% | 5.61% | 5.76% | 5.66% | 5.81% | 5.76% |
| Operating Income Growth % | -8.4% | -4.64% | -5.89% | 3.02% | -3.69% | 25.63% | -4.25% | -11.24% | -12.29% | -20.8% | -8.6% | -1.75% | -7.09% | -5.84% | -4% | -3.75% | 83.06% | 46.93% | 32.93% | 464.01% |
| EBITDA | 333.8M | 365.7M | 341.6M | 390.3M | 355.4M | 374.8M | 358M | 376.6M | 365.4M | 303.3M | 366.9M | 414.9M | 407.4M | 367.7M | 394.2M | 419.3M | 433.9M | 388.1M | 408M | 432.9M |
| EBITDA Margin % | 4.24% | 4.13% | 4.44% | 5.09% | 4.67% | 4.86% | 4.72% | 4.89% | 4.91% | 4.17% | 4.93% | 5.56% | 5.55% | 5.24% | 5.7% | 6.07% | 6.22% | 6.16% | 6.28% | 6.2% |
| EBITDA Growth % | -6.08% | -2.43% | -4.58% | 3.64% | -2.74% | 23.57% | -2.43% | -9.23% | -10.31% | -17.51% | -6.93% | -1.05% | -6.11% | -5.26% | -3.38% | -3.14% | 74.33% | 42.37% | 30.27% | 335.95% |
| D&A (Non-Cash Add-back) | 44.8M | 47.4M | 42.9M | 42.1M | 39.9M | 41M | 40.6M | 38.6M | 37.8M | 37.6M | 35.4M | 34.1M | 33.9M | 32.2M | 31.5M | 31.7M | 31.9M | 31.8M | 30.2M | 30.2M |
| EBIT | 289M | 365.9M | 357.1M | 401.8M | 401.1M | 386.5M | 378.1M | 392M | 360.9M | 317.8M | 416.5M | 455.3M | 455.6M | 435.9M | 498.9M | 525.6M | 521.6M | 437.9M | 498.3M | 491.3M |
| Net Interest Income | -66.5M | -25.7M | -64.9M | -64.9M | -64M | -71.3M | -73.7M | -66.5M | -66.1M | -62M | -60M | -55M | -48.7M | -41.1M | -31.7M | -26M | -24M | -17.6M | -22.2M | -27.6M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 66.5M | 25.7M | 64.9M | 64.9M | 64M | 71.3M | 73.7M | 66.5M | 66.1M | 62M | 60M | 55M | 48.7M | 41.1M | 31.7M | 26M | 24M | 17.6M | 22.2M | 27.6M |
| Other Income/Expense | 34.7M | -20.8M | -6.5M | -11.3M | 21.6M | -18.6M | -13M | -12.5M | -32.8M | -9.9M | 25M | 19.5M | 33.4M | 59.3M | 104.5M | 112M | 95.6M | 64M | 98.3M | 61M |
| Pretax Income | 323.7M | 297.5M | 292.2M | 336.9M | 337.1M | 315.2M | 304.4M | 325.5M | 294.8M | 255.8M | 356.5M | 400.3M | 406.9M | 394.8M | 467.2M | 499.6M | 497.6M | 420.3M | 476.1M | 463.7M |
| Pretax Margin % | 4.12% | 3.36% | 3.8% | 4.4% | 4.43% | 4.08% | 4.01% | 4.23% | 3.96% | 3.52% | 4.79% | 5.36% | 5.54% | 5.63% | 6.75% | 7.23% | 7.13% | 6.68% | 7.33% | 6.64% |
| Income Tax | 89.2M | 68.8M | 79.2M | 86M | 92.8M | 77.9M | 77.4M | 82.6M | 78.6M | 63.8M | 92.1M | 97.7M | 107.3M | 95.5M | 125.7M | 123.7M | 128.1M | 108.3M | 120.1M | 123.4M |
| Effective Tax Rate % | 27.56% | 23.13% | 27.1% | 25.53% | 27.53% | 24.71% | 25.43% | 25.38% | 26.66% | 24.94% | 25.83% | 24.41% | 26.37% | 24.19% | 26.9% | 24.76% | 25.74% | 25.77% | 25.23% | 26.61% |
| Net Income | 234.5M | 228.1M | 213M | 250M | 244.3M | 236.4M | 226.1M | 241.2M | 215.2M | 190.7M | 263.4M | 300.8M | 298.3M | 298M | 340.1M | 374M | 367.9M | 311.3M | 355.1M | 338.9M |
| Net Margin % | 2.98% | 2.58% | 2.77% | 3.26% | 3.21% | 3.06% | 2.98% | 3.13% | 2.89% | 2.62% | 3.54% | 4.03% | 4.06% | 4.25% | 4.91% | 5.41% | 5.27% | 4.94% | 5.47% | 4.85% |
| Net Income Growth % | -4.01% | -3.51% | -5.79% | 3.65% | 13.52% | 23.96% | -14.16% | -19.81% | -27.86% | -36.01% | -22.55% | -19.57% | -18.92% | -4.27% | -4.22% | 10.36% | 101.59% | 55.49% | 44% | 651.44% |
| Net Income (Continuing) | 234.5M | 228.5M | 213M | 250.9M | 244.3M | 237.3M | 227M | 242.9M | 216.2M | 192M | 264.4M | 302.6M | 299.6M | 299.3M | 341.5M | 375.9M | 369.5M | 312M | 356M | 340.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900K | 300K | 100K |
| Minority Interest | 18.5M | 18.5M | 18M | 17.7M | 18M | 17.5M | 30.7M | 31.7M | 30.3M | 29.4M | 27.7M | 27.6M | 28.1M | 26.8M | 24.5M | 24.6M | 25.6M | 25M | 24.3M | 24M |
| EPS (Diluted) | 3.56 | 2.83 | 3.23 | 3.78 | 3.66 | 3.53 | 3.39 | 3.61 | 3.21 | 2.84 | 3.92 | 4.41 | 4.31 | 4.21 | 4.61 | 4.93 | 4.76 | 3.99 | 4.47 | 4.20 |
| EPS Growth % | -2.73% | -19.83% | -4.72% | 4.71% | 14.02% | 24.3% | -13.52% | -18.14% | -25.52% | -32.54% | -14.97% | -10.55% | -9.45% | 5.51% | 3.13% | 17.38% | 110.62% | 60.24% | 45.6% | 650% |
| EPS (Basic) | 3.56 | 2.83 | 3.23 | 3.78 | 3.66 | 3.54 | 3.39 | 3.61 | 3.21 | 2.84 | 3.92 | 4.41 | 4.31 | 4.21 | 4.61 | 4.93 | 4.76 | 3.99 | 4.47 | 4.20 |
| Diluted Shares Outstanding | 65.8M | 65.8M | 66M | 66.2M | 66.8M | 66.8M | 66.78M | 66.9M | 67.1M | 67.2M | 67.27M | 68.19M | 69.22M | 70.8M | 73.76M | 75.8M | 77.2M | 78.1M | 79.52M | 80.73M |
| Basic Shares Outstanding | 65.8M | 65.8M | 66M | 66.2M | 66.8M | 66.8M | 66.77M | 66.88M | 67.1M | 67.2M | 67.25M | 68.18M | 69.2M | 70.8M | 73.74M | 75.79M | 77.2M | 78.1M | 79.52M | 80.72M |
| Dividend Payout Ratio | - | 39.94% | 40.99% | 33.44% | 33.48% | 33.71% | 31.71% | 26.7% | 27.23% | 27.95% | 18.45% | 14.93% | 14.18% | 13.59% | 11.53% | 10.16% | 9.89% | 11.63% | 10.17% | 10.5% |