AutoNation (AN) financial statements
AutoNation reported revenue of $27.6B in fiscal 2025, up 2.8% a year over 9 years.
Net income was $649M and the operating margin 4.5%, against 4.1% in 2016.
Free cash flow was -$198M, and the company returned $792M in net buybacks.
The diluted share count fell 63% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AutoNation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.6B | $21.5B | $21.4B | $21.3B | $20.4B | $25.8B | $27.0B | $26.9B | $26.8B | $27.6B |
| Cost of revenue | $18.3B | $18.2B | $18.0B | $17.8B | $16.8B | $20.9B | $21.7B | $21.8B | $22.0B | $22.7B |
| Gross profit | $3.3B | $3.4B | $3.4B | $3.5B | $3.6B | $5.0B | $5.3B | $5.1B | $4.8B | $4.9B |
| Selling, general and admin | $2.3B | $2.4B | $2.5B | $2.6B | $2.4B | $2.9B | $3.0B | $3.3B | $3.3B | $3.4B |
| Operating income | $890M | $843M | $778M | $824M | $563M | $1.9B | $2.0B | $1.7B | $1.3B | $1.2B |
| Interest expense | $116M | $120M | $119M | $107M | $94M | $93M | $135M | $181M | $180M | $180M |
| Pre-tax income | $702M | $636M | $529M | $613M | $550M | $1.8B | $1.8B | $1.4B | $917M | $884M |
| Income tax | $271M | $202M | $134M | $162M | $168M | $435M | $456M | $330M | $224M | $235M |
| Net income | $430M | $435M | $396M | $450M | $382M | $1.4B | $1.4B | $1.0B | $692M | $649M |
| EPS (diluted) | $4.15 | $4.43 | $4.34 | $4.97 | $4.30 | $18.31 | $24.29 | $22.74 | $16.92 | $17.04 |
| Diluted shares | 104M | 98M | 91M | 90M | 89M | 75M | 57M | 45M | 41M | 38M |
| Gross margin | 15.3% | 15.6% | 15.9% | 16.5% | 17.5% | 19.2% | 19.5% | 19.0% | 17.9% | 17.9% |
| Operating margin | 4.1% | 3.9% | 3.6% | 3.9% | 2.8% | 7.4% | 7.5% | 6.1% | 4.9% | 4.5% |
| Net margin | 2.0% | 2.0% | 1.8% | 2.1% | 1.9% | 5.3% | 5.1% | 3.8% | 2.6% | 2.3% |
Balance sheet
Fiscal years, from AutoNation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $65M | $69M | $49M | $42M | $570M | $60M | $73M | $61M | $60M | $59M |
| Receivables | $1.0B | $1.1B | $976M | $917M | $845M | $730M | $859M | $1.0B | $1.1B | $948M |
| Inventory | $3.5B | $3.4B | $3.7B | $3.3B | $2.6B | $1.8B | $2.0B | $3.0B | $3.4B | $3.4B |
| Total current assets | $4.7B | $4.8B | $4.9B | $4.4B | $4.2B | $2.8B | $3.1B | $4.3B | $4.7B | $4.6B |
| Property, plant and equipment | $2.8B | $3.0B | $3.2B | $3.2B | $3.1B | $3.4B | $3.6B | $3.8B | $3.8B | $4.0B |
| Goodwill | $1.5B | $1.5B | $1.5B | $1.5B | $1.2B | $1.2B | $1.3B | $1.5B | $1.5B | $1.4B |
| Total assets | $10.1B | $10.3B | $10.7B | $10.5B | $9.9B | $8.9B | $10.1B | $12.0B | $13.0B | $14.4B |
| Total current liabilities | $5.8B | $5.6B | $5.7B | $5.1B | $4.2B | $3.1B | $3.4B | $5.6B | $6.3B | $5.5B |
| Long-term debt | $1.6B | $2.0B | $1.9B | $1.6B | $1.8B | $2.8B | $3.6B | $3.1B | $2.6B | $3.7B |
| Total liabilities | $7.7B | $7.9B | $7.9B | $7.4B | $6.7B | $6.6B | $8.0B | $9.8B | $10.5B | $12.1B |
| Shareholders' equity | $2.3B | $2.4B | $2.7B | $3.2B | $3.2B | $2.4B | $2.0B | $2.2B | $2.5B | $2.3B |
| Net debt | $1.5B | $1.9B | $1.9B | $1.5B | $1.2B | $2.8B | $3.5B | $3.1B | $2.6B | $3.6B |
Cash flow
Fiscal years, from AutoNation's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $516M | $540M | $511M | $769M | $1.2B | $1.6B | $1.7B | $724M | $315M | $112M |
| Capital spending | $244M | $313M | $401M | $269M | $156M | $216M | $329M | $410M | $328M | $309M |
| Free cash flow | $272M | $227M | $110M | $500M | $1.1B | $1.4B | $1.3B | $314M | -$14M | -$198M |
| Stock-based compensation | $25M | $21M | $26M | $31M | $30M | $35M | $32M | $40M | $36M | $46M |
| Share buybacks (net) | -$497M | -$435M | -$100M | -$45M | -$367M | -$2.3B | -$1.7B | -$874M | -$460M | -$792M |
| Net borrowing | $342M | -$612M | $300M | -$460M | -$170M | $340M | -$290M | $390M | $190M | -$430M |
| Free cash flow margin | 1.3% | 1.1% | 0.5% | 2.3% | 5.2% | 5.5% | 5.0% | 1.2% | -0.1% | -0.7% |
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Open AN in InvestinglyQuestions
What was AutoNation's revenue in 2025?
$27.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does AutoNation generate?
-$198M in fiscal 2025 (operating cash flow minus capital spending).
From AutoNation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.