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Auto & truck dealerships · Consumer Cyclical · Fiscal year ends Dec 31
Asbury Automotive reported revenue of $18B in the fiscal year ended Dec 2025, up 4.7% from the year before. Operating income was $861M, an operating margin of 4.8%, and net income was $492M. Net debt was $3.1B.
Ranks among the 12 auto & truck dealerships companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 9,838 | 15,434 | 14,803 | 17,189 | 17,999 |
| Cost of revenue | 7,936 | 12,333 | 12,047 | 14,240 | 14,927 |
| Gross profit | 1,902 | 3,101 | 2,756 | 2,949 | 3,072 |
| Selling, general & admin | 1,074 | 1,763 | 1,617 | 1,889 | 1,988 |
| Operating income | 792 | 1,273 | 954 | 836 | 861 |
| Interest expense | 102 | 161 | 166 | – | – |
| Pre-tax income | 698 | 1,319 | 801 | 575 | 662 |
| Income tax | 165 | 322 | 199 | 145 | 170 |
| Net income | 532 | 997 | 603 | 430 | 492 |
| Diluted EPS | 26.49 | 44.61 | 28.74 | 21.50 | 25.13 |
| Diluted shares | 20.1 | 22.4 | 21.0 | 20.0 | 19.6 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 179 | 235 | 45.7 | 69.4 | 40.4 |
| Receivables | 230 | 172 | 226 | 286 | 295 |
| Inventory | 718 | 959 | 1,768 | 1,979 | 2,136 |
| Current assets | 1,929 | 1,910 | 3,057 | 3,138 | 3,380 |
| Net PP&E | 1,990 | 1,941 | 2,316 | 2,551 | 3,070 |
| Goodwill | 2,272 | 1,783 | 2,009 | 2,045 | 2,281 |
| Total assets | 8,003 | 8,021 | 10,159 | 10,337 | 11,618 |
| Payables | 164 | 147 | 156 | 169 | 152 |
| Deferred revenue | 182 | 219 | 229 | 236 | 244 |
| Current liabilities | 1,598 | 1,033 | 2,876 | 2,836 | 3,560 |
| Long-term debt | 3,405 | 3,293 | 2,228 | 3,024 | 3,093 |
| Total liabilities | 5,887 | 5,118 | 6,915 | 6,835 | 7,726 |
| Shareholders' equity | 2,116 | 2,904 | 3,244 | 3,502 | 3,892 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1,164 | 696 | 313 | 671 | 775 |
| Capital expenditure | 74.2 | 94.6 | 142 | – | – |
| Free cash flow | 1,090 | 601 | 171 | – | – |
| Depreciation & amortisation | 41.9 | 69.0 | 67.7 | 75.0 | 82.4 |
| Stock-based compensation | 16.2 | 20.6 | 23.5 | 26.7 | 27.7 |
| Acquisitions | 3,660 | 5.0 | 1,500 | 4.7 | 1,762 |
| Share buybacks | 10.4 | 9.2 | 11.4 | 10.2 | 12.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 56.9% | −4.1% | 16.1% | 4.7% |
| Operating income growth (YoY) | – | 60.7% | −25.1% | −12.4% | 3.0% |
| EPS growth (YoY) | – | 68.4% | −35.6% | −25.2% | 16.9% |
| Gross margin | 19.3% | 20.1% | 18.6% | 17.2% | 17.1% |
| Operating margin | 8.0% | 8.2% | 6.4% | 4.9% | 4.8% |
| Net margin | 5.4% | 6.5% | 4.1% | 2.5% | 2.7% |
| Return on equityBlank when equity is negative | 25.2% | 34.3% | 18.6% | 12.3% | 12.6% |
| ROCEEBIT ÷ (assets − current liabilities) | 12.4% | 18.2% | 13.1% | 11.1% | 10.7% |
| Free cash flow margin | 11.1% | 3.9% | 1.2% | – | – |
| Cash conversion (CFO ÷ net income) | 2.19x | 0.70x | 0.52x | 1.56x | 1.58x |
| Receivable days | 9 | 4 | 6 | 6 | 6 |
| Inventory days | 33 | 28 | 54 | 51 | 52 |
| Payable days | 8 | 4 | 5 | 4 | 4 |
| Interest cover | 7.76x | 7.92x | 5.75x | – | – |
| Debt ÷ equity | 1.61x | 1.13x | 0.69x | 0.86x | 0.79x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 3,226 | 3,058 | 2,182 | 2,955 | 3,052 |
| Current ratio | 1.21x | 1.85x | 1.06x | 1.11x | 0.95x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.