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Auto parts · Consumer Cyclical · Fiscal year ends Dec 31
LKQ reported revenue of $13.7B in the fiscal year ended Dec 2025, down 1.2% from the year before. Operating income was $993M, an operating margin of 7.3%, and net income was $608M. Operating cash flow of $1.1B less capital expenditure of $216M left free cash flow of $847M. Net debt was $3.4B.
Ranks among the 17 auto parts 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 | 13,089 | 12,794 | 13,269 | 13,823 | 13,651 |
| Cost of revenue | 7,767 | 7,571 | 7,916 | 8,439 | 8,386 |
| Gross profit | 5,322 | 5,223 | 5,353 | 5,384 | 5,265 |
| Selling, general & admin | 3,568 | 3,544 | 3,697 | 3,758 | 3,813 |
| Operating income | 1,474 | 1,581 | 1,324 | 1,145 | 993 |
| Interest expense | −72.0 | −78.0 | −214 | −238 | −224 |
| Pre-tax income | 1,399 | 1,518 | 1,223 | 926 | 800 |
| Income tax | 331 | 385 | 304 | 265 | 204 |
| Net income | 1,092 | 1,150 | 938 | 693 | 608 |
| Diluted EPS | 3.66 | 4.13 | 3.49 | 2.62 | 2.35 |
| Diluted shares | 298 | 278 | 268 | 264 | 258 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 274 | 278 | 299 | 234 | 319 |
| Receivables | 1,073 | 998 | 1,165 | 1,113 | 1,204 |
| Inventory | 2,611 | 2,752 | 3,121 | 3,183 | 3,426 |
| Current assets | 4,254 | 4,258 | 4,868 | 4,906 | 5,248 |
| Net PP&E | 1,299 | 1,236 | 1,516 | 1,409 | 1,452 |
| Goodwill | 4,540 | 4,319 | 5,325 | 5,174 | 5,414 |
| Total assets | 12,606 | 12,038 | 15,079 | 14,955 | 15,137 |
| Payables | 1,176 | 1,339 | 1,648 | 1,797 | 2,108 |
| Current liabilities | 2,165 | 2,271 | 3,318 | 2,862 | 3,137 |
| Long-term debt | 2,824 | 2,662 | 4,281 | 4,195 | 3,695 |
| Total liabilities | 6,819 | 6,571 | 8,898 | 8,923 | 8,576 |
| Shareholders' equity | 5,772 | 5,453 | 6,167 | 6,017 | 6,537 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1,367 | 1,250 | 1,356 | 1,121 | 1,063 |
| Capital expenditure | 293 | 222 | 358 | 311 | 216 |
| Free cash flow | 1,074 | 1,028 | 998 | 810 | 847 |
| Depreciation & amortisation | 284 | 264 | 319 | 406 | 418 |
| Stock-based compensation | 34.0 | 38.0 | 40.0 | 30.0 | 34.0 |
| Acquisitions | 124 | 4.0 | 2,225 | 49.0 | −1.0 |
| Share buybacks | 877 | 1,040 | 38.0 | 360 | 159 |
| Dividends paid | 73.0 | 284 | 302 | 318 | 310 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −2.3% | 3.7% | 4.2% | −1.2% |
| Operating income growth (YoY) | – | 7.3% | −16.3% | −13.5% | −13.3% |
| EPS growth (YoY) | – | 12.8% | −15.5% | −24.9% | −10.3% |
| Gross margin | 40.7% | 40.8% | 40.3% | 38.9% | 38.6% |
| Operating margin | 11.3% | 12.4% | 10.0% | 8.3% | 7.3% |
| Net margin | 8.3% | 9.0% | 7.1% | 5.0% | 4.5% |
| Return on equityBlank when equity is negative | 18.9% | 21.1% | 15.2% | 11.5% | 9.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.1% | 16.2% | 11.3% | 9.5% | 8.3% |
| Free cash flow margin | 8.2% | 8.0% | 7.5% | 5.9% | 6.2% |
| Cash conversion (CFO ÷ net income) | 1.25x | 1.09x | 1.45x | 1.62x | 1.75x |
| Receivable days | 30 | 28 | 32 | 29 | 32 |
| Inventory days | 123 | 133 | 144 | 138 | 149 |
| Payable days | 55 | 65 | 76 | 78 | 92 |
| Interest cover | −20.5x | −20.3x | −6.19x | −4.81x | −4.43x |
| Debt ÷ equity | 0.49x | 0.49x | 0.69x | 0.70x | 0.57x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 2,550 | 2,384 | 3,982 | 3,961 | 3,376 |
| Current ratio | 1.96x | 1.87x | 1.47x | 1.71x | 1.67x |
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.