Fundies.
English

Penske Automotive Group, Inc.

EDGAR
PAG Quarterly report (10-Q) · filed 2026-10-29

Annual consolidated revenue for 2025: about USD 31.81B, using the latest reported figures. The previous period, 2024, was about USD 31.86B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments
Watchlist

Latest quarter

Revenue

8.42 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 8415600000 USD Source

Operating margin

3.6%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 303100000 USD Source
  • Revenue: 8415600000 USD Source

Operating cash flow

306 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 724600000 USD Source
  • Operating Cash Flow: 419100000 USD Source
Cash and cash equivalents
68.3 million USD Source
Exact value

68300000 USD

Long-term debt including current maturities
2.37 billion USD Source
Exact value

2367200000 USD

Shares outstanding
65.7 million shares Source
Exact value

65662477 shares

Reported share-count change

-0.50% · -333 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 65995364 shares · 2025-09-30· Source
  • 65662477 shares · 2026-09-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -0.2%

    Prior period

    USD 31.86 billion

    –

    Current period

    USD 31.81 billion

    –

    Exact inputs and evidence

    31808500000 − 31864800000 = -56300000 USD

    31864800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    31808500000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    -3.5%

    Prior period

    USD 968.9 million

    –

    Current period

    USD 935.4 million

    –

    Exact inputs and evidence

    935400000 − 968900000 = -33500000 USD

    968900000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    935400000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    -20.8%

    Prior period

    USD 1.23 billion

    –

    Current period

    USD 975.1 million

    –

    Exact inputs and evidence

    975100000 − 1230600000 = -255500000 USD

    1230600000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    975100000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 31.81 billion 100% of revenue
  • Operating costs Derived USD 30.53 billion 96% of revenue
  • Operating income USD 1.28 billion 4% of revenue
  • Tax, interest and other Derived USD 345.3 million 1.1% of revenue
  • Net income USD 935.4 million 2.9% of revenue

Cash

  • Operating cash flow USD 975.1 million 3.1% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 97%
  • 2020 97%
  • 2021 95%
  • 2022 95%
  • 2023 95%
  • 2024 96%
  • 2025 96%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-3123179400000 22526700000 Derived 652700000 216900000 Derived 435800000 Unavailable
Source
2020 2020-01-01 – 2020-12-3120443900000 19739400000 Derived 704500000 160900000 Derived 543600000 Unavailable
Source
2021 2021-01-01 – 2021-12-3125554700000 24198300000 Derived 1356400000 168600000 Derived 1187800000 Unavailable
Source
2022 2022-01-01 – 2022-12-3127814800000 26327000000 Derived 1487800000 107800000 Derived 1380000000 Unavailable
Source
2023 2023-01-01 – 2023-12-3130916500000 29507200000 Derived 1409300000 300500000 Derived 1108800000 Unavailable
Source
2024 2024-01-01 – 2024-12-3131864800000 30494700000 Derived 1370100000 401200000 Derived 968900000 Unavailable
Source
2025 2025-01-01 – 2025-12-3131808500000 30527800000 Derived 1280700000 345300000 Derived 935400000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 31.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.4B25.8B17.2B8.6B0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue23179400000
2020Revenue20443900000
2021Revenue25554700000
2022Revenue27814800000
2023Revenue30916500000
2024Revenue31864800000
2025Revenue31808500000

Revenue growth

Change in revenue from the same financial period one year earlier.

-0.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28%17%7%-4%-15%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-11.8%
2021Year over year25%
2022Year over year8.8%
2023Year over year11.2%
2024Year over year3.1%
2025Year over year-0.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 4% 2025
Net margin 2.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.8%4.3%2.9%1.4%0.0%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin2.8%
2020Operating margin3.4%
2021Operating margin5.3%
2022Operating margin5.3%
2023Operating margin4.6%
2024Operating margin4.3%
2025Operating margin4%
2019Net margin1.9%
2020Net margin2.7%
2021Net margin4.6%
2022Net margin5%
2023Net margin3.6%
2024Net margin3%
2025Net margin2.9%
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 975.1M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.6B1.2B787.9M393.9M0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow518300000
2020Operating cash flow1201500000
2021Operating cash flow1292000000
2022Operating cash flow1459000000
2023Operating cash flow1145200000
2024Operating cash flow1230600000
2025Operating cash flow975100000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

68.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.81%61%40%20%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets74.9%
2021Liabilities / assets69.6%
2022Liabilities / assets70.4%
2023Liabilities / assets69.7%
2024Liabilities / assets68.4%
2025Liabilities / assets68.3%

Current assets to current liabilities

Current assets divided by current liabilities.

0.99× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.08×0.81×0.54×0.27×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities0.94×
2021Current assets / current liabilities0.95×
2022Current assets / current liabilities0.99×
2023Current assets / current liabilities1×
2024Current assets / current liabilities0.92×
2025Current assets / current liabilities0.99×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
USD 435.8 million
Exact value

Exact value: 435800000 USD

2019-01-01 – 2019-12-31: 435800000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 518.3 million
Exact value

Exact value: 518300000 USD

2019-01-01 – 2019-12-31: 518300000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 543.6 million
Exact value

Exact value: 543600000 USD

2020-01-01 – 2020-12-31: 543600000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.2 billion
Exact value

Exact value: 1201500000 USD

2020-01-01 – 2020-12-31: 1201500000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 1.19 billion
Exact value

Exact value: 1187800000 USD

2021-01-01 – 2021-12-31: 1187800000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.29 billion
Exact value

Exact value: 1292000000 USD

2021-01-01 – 2021-12-31: 1292000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 1.38 billion
Exact value

Exact value: 1380000000 USD

2022-01-01 – 2022-12-31: 1380000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.46 billion
Exact value

Exact value: 1459000000 USD

2022-01-01 – 2022-12-31: 1459000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 1.11 billion
Exact value

Exact value: 1108800000 USD

2023-01-01 – 2023-12-31: 1108800000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.15 billion
Exact value

Exact value: 1145200000 USD

2023-01-01 – 2023-12-31: 1145200000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 968.9 million
Exact value

Exact value: 968900000 USD

2024-01-01 – 2024-12-31: 968900000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.23 billion
Exact value

Exact value: 1230600000 USD

2024-01-01 – 2024-12-31: 1230600000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 935.4 million
Exact value

Exact value: 935400000 USD

2025-01-01 – 2025-12-31: 935400000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 975.1 million
Exact value

Exact value: 975100000 USD

2025-01-01 – 2025-12-31: 975100000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

239 filings · 15,320 latest values · 15,320 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001019849, 1019849, PAG, edgar:1019849

Also known as PENSKE AUTOMOTIVE GROUP, INC., Penske Automotive Group, Inc., Penske Automotive Group, Inc., UNITED AUTO GROUP INC