P

Penske Automotive Group, Inc.

PAG · CIK 0001019849

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$31.81B0.2%
FY2025
Net income (FY)
$935.4M3.5%
FY2025
Free cash flow (FY)
$650.5M23.7%
FY2025
Diluted EPS (FY)
$14.132.5%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2008 · Revenue $11.64B · Net income −$420.0M · 0000950123-11-018964 · filed 2011-02-28FY08Revenue $11.64BNet income −$420.0M0000950123-11-018964 · filed 2011-02-28FY2009 · Revenue $9.01B · Net income $76.5M · 0001193125-12-078466 · filed 2012-02-24FY09Revenue $9.01BNet income $76.5M0001193125-12-078466 · filed 2012-02-24FY2010 · Revenue $9.94B · Net income $108.3M · 0001104659-13-016197 · filed 2013-02-28FY10Revenue $9.94BNet income $108.3M0001104659-13-016197 · filed 2013-02-28FY2011 · Revenue $11.04B · Net income $176.9M · 0001047469-14-001666 · filed 2014-03-03FY11Revenue $11.04BNet income $176.9M0001047469-14-001666 · filed 2014-03-03FY2012 · Revenue $12.90B · Net income $185.5M · 0001047469-15-001311 · filed 2015-02-26FY12Revenue $12.90BNet income $185.5M0001047469-15-001311 · filed 2015-02-26FY2013 · Revenue $14.48B · Net income $244.2M · 0001558370-16-003547 · filed 2016-02-25FY13Revenue $14.48BNet income $244.2M0001558370-16-003547 · filed 2016-02-25FY2014 · Revenue $17.23B · Net income $286.7M · 0001558370-17-001005 · filed 2017-02-24FY14Revenue $17.23BNet income $286.7M0001558370-17-001005 · filed 2017-02-24FY2015 · Revenue $19.28B · Net income $326.1M · 0001558370-18-000944 · filed 2018-02-22FY15Revenue $19.28BNet income $326.1M0001558370-18-000944 · filed 2018-02-22FY2016 · Revenue $20.12B · Net income $342.9M · 0001558370-19-000917 · filed 2019-02-22FY16Revenue $20.12BNet income $342.9M0001558370-19-000917 · filed 2019-02-22FY2017 · Revenue $21.39B · Net income $613.3M · 0001558370-20-001163 · filed 2020-02-21FY17Revenue $21.39BNet income $613.3M0001558370-20-001163 · filed 2020-02-21FY2018 · Revenue $22.79B · Net income $471.0M · 0001558370-21-001299 · filed 2021-02-19FY18Revenue $22.79BNet income $471.0M0001558370-21-001299 · filed 2021-02-19FY2019 · Revenue $23.18B · Net income $435.8M · 0001019849-22-000013 · filed 2022-02-18FY19Revenue $23.18BNet income $435.8M0001019849-22-000013 · filed 2022-02-18FY2020 · Revenue $20.44B · Net income $543.6M · 0001019849-23-000038 · filed 2023-02-21FY20Revenue $20.44BNet income $543.6M0001019849-23-000038 · filed 2023-02-21FY2021 · Revenue $25.55B · Net income $1.19B · 0001019849-24-000033 · filed 2024-02-16FY21Revenue $25.55BNet income $1.19B0001019849-24-000033 · filed 2024-02-16FY2022 · Revenue $27.81B · Net income $1.38B · 0001019849-25-000022 · filed 2025-02-21FY22Revenue $27.81BNet income $1.38B0001019849-25-000022 · filed 2025-02-21FY2023 · Revenue $30.92B · Net income $1.11B · 0001628280-26-012830 · filed 2026-02-27FY23Revenue $30.92BNet income $1.11B0001628280-26-012830 · filed 2026-02-27FY2024 · Revenue $31.86B · Net income $968.9M · 0001628280-26-012830 · filed 2026-02-27FY24Revenue $31.86BNet income $968.9M0001628280-26-012830 · filed 2026-02-27FY2025 · Revenue $31.81B · Net income $935.4M · 0001628280-26-012830 · filed 2026-02-27FY25Revenue $31.81BNet income $935.4M0001628280-26-012830 · filed 2026-02-27FY25Revenue $31.81BNet income $935.4M0001628280-26-012830 · filed 2026-02-27FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.7× since FY2008 · net margin -3.6% → 2.9%

MarginsNet marginFCF margin
0%5%FY2008 · Net margin -3.6% · FCF margin 1.7%FY08Net margin -3.6%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 0.8% · FCF margin 2.4%FY09Net margin 0.8%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 1.1% · FCF margin 1.3%FY10Net margin 1.1%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.6% · FCF margin 0.0%FY11Net margin 1.6%FCF margin 0.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.4% · FCF margin 1.4%FY12Net margin 1.4%FCF margin 1.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.7% · FCF margin 0.9%FY13Net margin 1.7%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 1.7% · FCF margin 1.1%FY14Net margin 1.7%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.7% · FCF margin 1.0%FY15Net margin 1.7%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.7% · FCF margin 0.8%FY16Net margin 1.7%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 2.9% · FCF margin 1.8%FY17Net margin 2.9%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 2.1% · FCF margin 1.4%FY18Net margin 2.1%FCF margin 1.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 1.9% · FCF margin 1.2%FY19Net margin 1.9%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 2.7% · FCF margin 5.0%FY20Net margin 2.7%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 4.6% · FCF margin 4.1%FY21Net margin 4.6%FCF margin 4.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 5.0% · FCF margin 4.2%FY22Net margin 5.0%FCF margin 4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 3.6% · FCF margin 2.5%FY23Net margin 3.6%FCF margin 2.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.0% · FCF margin 2.7%FY24Net margin 3.0%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 2.9% · FCF margin 2.0%FY25Net margin 2.9%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 2.9%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 2.9% · free cash flow 2.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1B$1.5BFY2008 · OCF $404.6M · FCF $192.8M · 0000950123-11-018964 · filed 2011-02-28FY08OCF $404.6MFCF $192.8M0000950123-11-018964 · filed 2011-02-28FY2009 · OCF $302.3M · FCF $213.1M · 0001193125-12-078466 · filed 2012-02-24FY09OCF $302.3MFCF $213.1M0001193125-12-078466 · filed 2012-02-24FY2010 · OCF $207.4M · FCF $132.5M · 0001104659-13-016197 · filed 2013-02-28FY10OCF $207.4MFCF $132.5M0001104659-13-016197 · filed 2013-02-28FY2011 · OCF $136.8M · FCF $5.1M · 0001047469-14-001666 · filed 2014-03-03FY11OCF $136.8MFCF $5.1M0001047469-14-001666 · filed 2014-03-03FY2012 · OCF $325.7M · FCF $174.8M · 0001047469-15-001311 · filed 2015-02-26FY12OCF $325.7MFCF $174.8M0001047469-15-001311 · filed 2015-02-26FY2013 · OCF $298.9M · FCF $123.9M · 0001558370-16-003547 · filed 2016-02-25FY13OCF $298.9MFCF $123.9M0001558370-16-003547 · filed 2016-02-25FY2014 · OCF $359.3M · FCF $183.2M · 0001558370-17-001005 · filed 2017-02-24FY14OCF $359.3MFCF $183.2M0001558370-17-001005 · filed 2017-02-24FY2015 · OCF $397.8M · FCF $198.3M · 0001558370-18-000944 · filed 2018-02-22FY15OCF $397.8MFCF $198.3M0001558370-18-000944 · filed 2018-02-22FY2016 · OCF $371.3M · FCF $168.2M · 0001558370-19-000917 · filed 2019-02-22FY16OCF $371.3MFCF $168.2M0001558370-19-000917 · filed 2019-02-22FY2017 · OCF $623.0M · FCF $376.0M · 0001558370-20-001163 · filed 2020-02-21FY17OCF $623.0MFCF $376.0M0001558370-20-001163 · filed 2020-02-21FY2018 · OCF $614.2M · FCF $308.6M · 0001558370-21-001299 · filed 2021-02-19FY18OCF $614.2MFCF $308.6M0001558370-21-001299 · filed 2021-02-19FY2019 · OCF $518.3M · FCF $273.0M · 0001019849-22-000013 · filed 2022-02-18FY19OCF $518.3MFCF $273.0M0001019849-22-000013 · filed 2022-02-18FY2020 · OCF $1.20B · FCF $1.02B · 0001019849-23-000038 · filed 2023-02-21FY20OCF $1.20BFCF $1.02B0001019849-23-000038 · filed 2023-02-21FY2021 · OCF $1.29B · FCF $1.04B · 0001019849-24-000033 · filed 2024-02-16FY21OCF $1.29BFCF $1.04B0001019849-24-000033 · filed 2024-02-16FY2022 · OCF $1.46B · FCF $1.18B · 0001019849-25-000022 · filed 2025-02-21FY22OCF $1.46BFCF $1.18B0001019849-25-000022 · filed 2025-02-21FY2023 · OCF $1.15B · FCF $759.2M · 0001628280-26-012830 · filed 2026-02-27FY23OCF $1.15BFCF $759.2M0001628280-26-012830 · filed 2026-02-27FY2024 · OCF $1.23B · FCF $852.8M · 0001628280-26-012830 · filed 2026-02-27FY24OCF $1.23BFCF $852.8M0001628280-26-012830 · filed 2026-02-27FY2025 · OCF $975.1M · FCF $650.5M · 0001628280-26-012830 · filed 2026-02-27FY25OCF $975.1MFCF $650.5M0001628280-26-012830 · filed 2026-02-27FY25OCF $975.1MFCF $650.5M0001628280-26-012830 · filed 2026-02-27’09’13’17’21’25

FY2025: $975.1M operating cash − $324.6M capex = $650.5M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2009 · ROE 8.1% · ROA 2.0%FY09ROE 8.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 10.4% · ROA 2.7%FY10ROE 10.4%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 15.4% · ROA 3.9%FY11ROE 15.4%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 14.2% · ROA 3.4%FY12ROE 14.2%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 16.2% · ROA 3.8%FY13ROE 16.2%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 17.3% · ROA 4.0%FY14ROE 17.3%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 18.2% · ROA 4.1%FY15ROE 18.2%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 19.6% · ROA 3.9%FY16ROE 19.6%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 25.6% · ROA 5.8%FY17ROE 25.6%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 18.1% · ROA 4.3%FY18ROE 18.1%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 15.6% · ROA 3.1%FY19ROE 15.6%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 16.5% · ROA 4.1%FY20ROE 16.5%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 29.2% · ROA 8.8%FY21ROE 29.2%ROA 8.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 33.3% · ROA 9.8%FY22ROE 33.3%ROA 9.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 23.5% · ROA 7.1%FY23ROE 23.5%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.9% · ROA 5.7%FY24ROE 17.9%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 16.8% · ROA 5.3%FY25ROE 16.8%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 16.8%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 8% (FY2009) → 17% (FY2025) · on assets 5.3%

Balance sheetLiabilitiesEquity
$0$5B$10B$15BFY2009 · Liabilities $2.85B · Equity $942.5MFY09Liabilities $2.85BEquity $942.5M0000950123-11-018964 · filed 2011-02-28FY2010 · Liabilities $3.02B · Equity $1.04BFY10Liabilities $3.02BEquity $1.04B0001193125-12-078466 · filed 2012-02-24FY2011 · Liabilities $3.35B · Equity $1.15BFY11Liabilities $3.35BEquity $1.15B0001104659-13-016197 · filed 2013-02-28FY2012 · Liabilities $4.06B · Equity $1.30BFY12Liabilities $4.06BEquity $1.30B0001047469-14-001666 · filed 2014-03-03FY2013 · Liabilities $4.89B · Equity $1.50BFY13Liabilities $4.89BEquity $1.50B0001047469-15-001311 · filed 2015-02-26FY2014 · Liabilities $5.55B · Equity $1.65BFY14Liabilities $5.55BEquity $1.65B0001558370-16-003547 · filed 2016-02-25FY2015 · Liabilities $6.18B · Equity $1.79BFY15Liabilities $6.18BEquity $1.79B0001558370-17-001005 · filed 2017-02-24FY2016 · Liabilities $7.05B · Equity $1.75BFY16Liabilities $7.05BEquity $1.75B0001558370-18-000944 · filed 2018-02-22FY2017 · Liabilities $8.11B · Equity $2.40BFY17Liabilities $8.11BEquity $2.40B0001558370-19-000917 · filed 2019-02-22FY2018 · Liabilities $8.27B · Equity $2.61BFY18Liabilities $8.27BEquity $2.61B0001558370-20-001163 · filed 2020-02-21FY2019 · Liabilities $11.13B · Equity $2.79BFY19Liabilities $11.13BEquity $2.79B0001558370-21-001299 · filed 2021-02-19FY2020 · Liabilities $9.92B · Equity $3.30BFY20Liabilities $9.92BEquity $3.30B0001019849-22-000013 · filed 2022-02-18FY2021 · Liabilities $9.37B · Equity $4.07BFY21Liabilities $9.37BEquity $4.07B0001019849-23-000038 · filed 2023-02-21FY2022 · Liabilities $9.94B · Equity $4.15BFY22Liabilities $9.94BEquity $4.15B0001019849-24-000033 · filed 2024-02-16FY2023 · Liabilities $10.92B · Equity $4.73BFY23Liabilities $10.92BEquity $4.73B0001019849-25-000022 · filed 2025-02-21FY2024 · Liabilities $11.70B · Equity $5.40BFY24Liabilities $11.70BEquity $5.40B0001628280-26-012830 · filed 2026-02-27FY2025 · Liabilities $12.02B · Equity $5.56BFY25Liabilities $12.02BEquity $5.56B0001628280-26-012830 · filed 2026-02-27FY25Liabilities $12.02BEquity $5.56B0001628280-26-012830 · filed 2026-02-27’09’13’17’21’25

FY2025: $17.60B assets · $12.02B liabilities · $5.56B equity

The receipts