Sonic Automotive (SAH) financial statements
Sonic Automotive reported revenue of $15.2B in fiscal 2025, up 5.0% a year over 9 years.
Net income was $119M and the operating margin 2.4%, against 2.4% in 2016.
Free cash flow was $717M, and the company returned $49M in dividends.
The diluted share count fell 24% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sonic Automotive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7B | $9.9B | $10.0B | $10.5B | $9.8B | $12.4B | $14.0B | $14.4B | $14.2B | $15.2B |
| Cost of revenue | $8.3B | $8.4B | $8.5B | $8.9B | $8.3B | $10.5B | $11.7B | $12.1B | $12.0B | $12.8B |
| Gross profit | $1.4B | $1.5B | $1.4B | $1.5B | $1.4B | $1.9B | $2.3B | $2.2B | $2.2B | $2.4B |
| Selling, general and admin | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $1.3B | $1.6B | $1.6B | $1.6B | $1.7B |
| Operating income | $233M | $212M | $178M | $308M | $34M | $538M | $314M | $424M | $462M | $368M |
| Interest expense | $1M | $600,000 | $500,000 | — | — | — | — | — | — | — |
| Pre-tax income | $155M | $108M | $75M | $200M | -$35M | $458M | $190M | $242M | $256M | $173M |
| Income tax | $61M | $14M | $23M | $55M | $16M | $109M | $102M | $64M | $40M | -$54M |
| Net income | $93M | $93M | $52M | $144M | -$51M | $349M | $88M | $178M | $216M | $119M |
| EPS (diluted) | $2.03 | $2.09 | $1.20 | $3.30 | -$1.21 | $8.06 | $2.23 | $4.97 | $6.18 | $3.42 |
| Diluted shares | 46M | 44M | 43M | 44M | 42M | 43M | 40M | 36M | 35M | 35M |
| Gross margin | 14.7% | 14.8% | 14.5% | 14.5% | 14.6% | 15.4% | 16.5% | 15.6% | 15.4% | 15.7% |
| Operating margin | 2.4% | 2.1% | 1.8% | 2.9% | 0.3% | 4.3% | 2.2% | 2.9% | 3.2% | 2.4% |
| Net margin | 1.0% | 0.9% | 0.5% | 1.4% | -0.5% | 2.8% | 0.6% | 1.2% | 1.5% | 0.8% |
Balance sheet
Fiscal years, from Sonic Automotive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $6M | $6M | $29M | $170M | $299M | $229M | $29M | $44M | $6M |
| Receivables | $430M | $482M | $438M | $433M | $372M | $401M | $462M | $528M | $496M | $469M |
| Inventory | $1.6B | $1.5B | $1.5B | $1.5B | $1.2B | $1.3B | $1.2B | $1.6B | $2.0B | $2.0B |
| Total current assets | $2.0B | $2.0B | $2.0B | $2.0B | $1.9B | $2.1B | $2.2B | $2.5B | $2.9B | $2.8B |
| Property, plant and equipment | $1.0B | $1.1B | $1.2B | $1.1B | $1.1B | $1.5B | $1.6B | $1.6B | $1.6B | $1.6B |
| Goodwill | $472M | $526M | $510M | $476M | $214M | $416M | $231M | $254M | $358M | $422M |
| Total assets | $3.6B | $3.8B | $3.8B | $4.1B | $3.7B | $5.0B | $5.0B | $5.4B | $5.9B | $6.0B |
| Total current liabilities | $1.9B | $2.0B | $1.9B | $2.1B | $1.8B | $1.9B | $1.8B | $2.3B | $2.6B | $2.6B |
| Long-term debt | $840M | $963M | $919M | $637M | $652M | $1.5B | $1.7B | $1.6B | $1.5B | $1.6B |
| Total liabilities | $2.9B | $3.0B | $3.0B | $3.1B | $2.9B | $3.9B | $4.1B | $4.5B | $4.8B | $4.9B |
| Shareholders' equity | $725M | $787M | $823M | $945M | $815M | $1.1B | $895M | $892M | $1.1B | $1.1B |
| Net debt | $880M | $1.0B | $939M | $678M | $550M | $1.3B | $1.5B | $1.6B | $1.5B | $1.6B |
Cash flow
Fiscal years, from Sonic Automotive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $216M | $163M | $144M | $171M | $281M | $306M | $406M | -$16M | $109M | $567M |
| Capital spending | $206M | $234M | $164M | $126M | $127M | -$298M | -$227M | -$204M | -$187M | -$150M |
| Free cash flow | $10M | -$71M | -$20M | $45M | $154M | $604M | $633M | $188M | $296M | $717M |
| Stock-based compensation | $11M | $11M | $12M | $11M | $12M | $15M | $20M | $23M | $24M | $23M |
| Dividends paid | $9M | $9M | $10M | $16M | $17M | -$18M | -$34M | -$40M | -$41M | -$49M |
| Share buybacks (net) | -$100M | -$37M | -$24M | -$2M | -$72M | $93M | $262M | $178M | $34M | $82M |
| Net borrowing | $72M | $266M | -$24M | $69M | $13M | $1.2B | $460M | $80M | $243M | $276M |
| Free cash flow margin | 0.1% | -0.7% | -0.2% | 0.4% | 1.6% | 4.9% | 4.5% | 1.3% | 2.1% | 4.7% |
| Dividends per share | $0.19 | $0.20 | $0.23 | $0.35 | $0.40 | $0.42 | $0.87 | $1.11 | $1.17 | $1.41 |
Questions
What was Sonic Automotive's revenue in 2025?
$15.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Sonic Automotive generate?
$717M in fiscal 2025 (operating cash flow minus capital spending).
From Sonic Automotive's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.