LKQ (LKQ) financial statements
LKQ reported revenue of $13.7B in fiscal 2025, up 5.3% a year over 9 years.
Net income was $608M and the operating margin 7.3%, against 8.9% in 2016.
Free cash flow was $847M, and the company returned $310M in dividends and $159M in net buybacks.
The diluted share count fell 17% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LKQ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.6B | $9.7B | $11.9B | $12.5B | $11.6B | $13.1B | $12.8B | $13.3B | $13.8B | $13.7B |
| Cost of revenue | $5.2B | $5.9B | $7.3B | $7.7B | $7.0B | $7.8B | $7.6B | $7.9B | $8.4B | $8.4B |
| Gross profit | $3.4B | $3.8B | $4.6B | $4.9B | $4.6B | $5.3B | $5.2B | $5.4B | $5.4B | $5.3B |
| Selling, general and admin | $2.4B | $2.7B | $3.4B | $3.6B | $3.3B | $3.6B | $3.5B | $3.7B | $3.8B | $3.8B |
| Operating income | $763M | $845M | $882M | $897M | $986M | $1.5B | $1.6B | $1.3B | $1.1B | $993M |
| Interest expense | $88M | $102M | $146M | $139M | -$104M | -$72M | -$78M | -$214M | -$238M | -$224M |
| Pre-tax income | $677M | $767M | $743M | $791M | $885M | $1.4B | $1.5B | $1.2B | $926M | $800M |
| Income tax | $221M | $236M | $191M | $215M | $250M | $331M | $385M | $304M | $265M | $204M |
| Net income | $464M | $534M | $480M | $541M | $638M | $1.1B | $1.1B | $938M | $693M | $608M |
| EPS (diluted) | $1.50 | $1.72 | $1.52 | $1.74 | $2.09 | $3.66 | $4.13 | $3.49 | $2.62 | $2.35 |
| Diluted shares | 310M | 311M | 316M | 311M | 305M | 298M | 278M | 268M | 264M | 258M |
| Gross margin | 39.0% | 39.0% | 38.5% | 38.8% | 39.5% | 40.7% | 40.8% | 40.3% | 38.9% | 38.6% |
| Operating margin | 8.9% | 8.7% | 7.4% | 7.2% | 8.5% | 11.3% | 12.4% | 10.0% | 8.3% | 7.3% |
| Net margin | 5.4% | 5.5% | 4.0% | 4.3% | 5.5% | 8.3% | 9.0% | 7.1% | 5.0% | 4.5% |
Balance sheet
Fiscal years, from LKQ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $227M | $280M | $332M | $528M | $312M | $274M | $278M | $299M | $234M | $319M |
| Receivables | $861M | $1.0B | $1.2B | $1.1B | $1.1B | $1.1B | $998M | $1.2B | $1.1B | $1.2B |
| Inventory | $1.9B | $2.4B | $2.8B | $2.8B | $2.4B | $2.6B | $2.8B | $3.1B | $3.2B | $3.4B |
| Total current assets | $3.6B | $3.8B | $4.5B | $4.7B | $4.0B | $4.3B | $4.3B | $4.9B | $4.9B | $5.2B |
| Property, plant and equipment | $812M | $913M | $1.2B | $1.2B | $1.2B | $1.3B | $1.2B | $1.5B | $1.4B | $1.5B |
| Goodwill | $3.1B | $3.5B | $4.4B | $4.4B | $4.6B | $4.5B | $4.3B | $5.3B | $5.2B | $5.4B |
| Total assets | $8.3B | $9.4B | $11.4B | $12.8B | $12.4B | $12.6B | $12.0B | $15.1B | $15.0B | $15.1B |
| Total current liabilities | $1.2B | $1.3B | $1.7B | $2.2B | $2.0B | $2.2B | $2.3B | $3.3B | $2.9B | $3.1B |
| Total liabilities | $4.9B | $5.2B | $6.6B | $7.7B | $6.7B | $6.8B | $6.6B | $8.9B | $8.9B | $8.6B |
| Shareholders' equity | $3.4B | $4.2B | $4.8B | $5.0B | $5.7B | $5.8B | $5.5B | $6.2B | $6.0B | $6.5B |
| Net debt | -$227M | -$280M | -$332M | -$528M | -$312M | -$274M | -$278M | -$299M | -$234M | -$319M |
Cash flow
Fiscal years, from LKQ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $635M | $519M | $711M | $1.1B | $1.4B | $1.4B | $1.2B | $1.4B | $1.1B | $1.1B |
| Capital spending | $207M | $179M | $250M | $266M | $173M | $293M | $222M | $358M | $311M | $216M |
| Free cash flow | $428M | $340M | $461M | $798M | $1.3B | $1.1B | $1.0B | $998M | $810M | $847M |
| Stock-based compensation | $22M | $23M | $23M | $28M | $29M | $34M | $38M | $40M | $30M | $34M |
| Dividends paid | — | — | — | $0 | $0 | $73M | $284M | $302M | $318M | $310M |
| Share buybacks (net) | $0 | $0 | -$60M | -$292M | -$117M | -$877M | -$1.0B | -$38M | -$360M | -$159M |
| Net borrowing | $326M | -$28M | -$355M | -$9M | $0 | — | — | — | — | — |
| Free cash flow margin | 5.0% | 3.5% | 3.9% | 6.4% | 10.9% | 8.2% | 8.0% | 7.5% | 5.9% | 6.2% |
| Dividends per share | — | — | — | — | — | $0.25 | $1.02 | $1.13 | $1.21 | $1.20 |
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Open LKQ in InvestinglyQuestions
What was LKQ's revenue in 2025?
$13.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does LKQ generate?
$847M in fiscal 2025 (operating cash flow minus capital spending).
From LKQ's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.