Driven Brands Holdings Inc.
DRVN Nasdaq Services-Automotive Repair, Services & Parking Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$1.9B
6.3%
vs prior year
Operating margin
Operating income as a share of revenue.
12.4%
1.0 pts
Net income
Profit after all expenses, interest and tax.
$140M
Free cash flow
Cash from operations minus capital spending.
$108M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.1%
4.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $1.00 EPS (TTM)
What Driven Brands Holdings Inc. does
No business description yet.
- Legal name
- Driven Brands Holdings Inc.
- Fiscal year ends
- December 27, 2025
- Latest annual report
- 10-K · May 19, 2026
- Accession · CIK
- 0001804745-26-000048
0001804745
Revenue and margins
Driven Brands Holdings Inc. had $1.9B of revenue in fiscal 2025, up 6.3% on the year before.
FY19
Revenue $600M
FY20
Revenue $904M
FY21
Revenue $1.5B
FY22
Revenue $2.0B
FY23
Revenue $1.7B
FY24
Revenue $1.8B
FY25
Revenue $1.9B
Q3 '23
Revenue $581M
Q4 '23
Revenue −$40.3M
Q1 '24
Revenue $425M
Q2 '24
Revenue $455M
Q3 '24
Revenue $445M
Q4 '24
Revenue $427M
Q1 '25
Revenue $448M
Q2 '25
Revenue $475M
Q3 '25
Revenue $480M
Q4 '25
Revenue $460M
Q1 '26
Revenue $484M
Q2 '26
Revenue $507M
FY19
Gross —
Operating 11.7%
Net 1.3%
FCF 2.2%
FY20
Gross —
Operating 10.5%
Net −0.5%
FCF 3.5%
FY21
Gross —
Operating 12.1%
Net 0.7%
FCF 8.4%
FY22
Gross —
Operating 9.8%
Net 2.1%
FCF −11.8%
FY23
Gross —
Operating 6.7%
Net −43.6%
FCF −21.5%
FY24
Gross —
Operating 11.4%
Net −16.7%
FCF −2.5%
FY25
Gross —
Operating 12.4%
Net 7.5%
FCF 5.8%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating −156.1%
Net −137.6%
FCF −11.2%
Q4 '23
Gross —
Operating −2,101.7%
Net 32.6%
FCF 241.4%
Q1 '24
Gross —
Operating 14.9%
Net 1.0%
FCF −7.0%
Q2 '24
Gross —
Operating 15.9%
Net 6.6%
FCF −5.4%
Q3 '24
Gross —
Operating 10.8%
Net −3.4%
FCF 8.7%
Q4 '24
Gross —
Operating 3.7%
Net −71.8%
FCF −6.8%
Q1 '25
Gross —
Operating 12.2%
Net 2.2%
FCF 1.9%
Q2 '25
Gross —
Operating 9.9%
Net 11.4%
FCF 3.7%
Q3 '25
Gross —
Operating 10.7%
Net 11.5%
FCF 9.5%
Q4 '25
Gross —
Operating 17.0%
Net 4.6%
FCF 7.9%
Q1 '26
Gross —
Operating 13.9%
Net 11.3%
FCF 4.8%
Q2 '26
Gross —
Operating 14.4%
Net 6.7%
FCF 5.7%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2019 to 2025, diluted EPS grew 45.4% a year. Loss periods are shown in red.
FY19
Net income $7.7M
FY20
Net income −$4.2M
FY21
Net income $9.6M
FY22
Net income $43.2M
FY23
Net income −$745M
FY24
Net income −$292M
FY25
Net income $140M
Q3 '23
Net income −$799M
Q4 '23
Net income −$13.1M
Q1 '24
Net income $4.3M
Q2 '24
Net income $30.2M
Q3 '24
Net income −$14.9M
Q4 '24
Net income −$307M
Q1 '25
Net income $9.9M
Q2 '25
Net income $54.0M
Q3 '25
Net income $55.0M
Q4 '25
Net income $21.2M
Q1 '26
Net income $54.8M
Q2 '26
Net income $34.2M
FY19
Diluted EPS $0.09
FY20
Diluted EPS −$0.04
FY21
Diluted EPS $0.06
FY22
Diluted EPS $0.25
FY23
Diluted EPS −$4.94
FY24
Diluted EPS −$1.86
FY25
Diluted EPS $0.85
Q3 '23
Diluted EPS −$4.83
Q4 '23
Diluted EPS −$0.50
Q1 '24
Diluted EPS $0.04
Q2 '24
Diluted EPS $0.13
Q3 '24
Diluted EPS −$0.11
Q4 '24
Diluted EPS −$1.92
Q1 '25
Diluted EPS $0.06
Q2 '25
Diluted EPS $0.33
Q3 '25
Diluted EPS $0.33
Q4 '25
Diluted EPS $0.13
Q1 '26
Diluted EPS $0.33
Q2 '26
Diluted EPS $0.21
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity 2.7%
Return on assets —
FY20
Return on capital 2.5%
Return on equity −0.6%
Return on assets −0.1%
FY21
Return on capital 4.0%
Return on equity 0.7%
Return on assets 0.2%
FY22
Return on capital 3.7%
Return on equity 2.6%
Return on assets 0.7%
FY23
Return on capital 2.5%
Return on equity −58.2%
Return on assets −12.0%
FY24
Return on capital 4.2%
Return on equity −40.3%
Return on assets −5.2%
FY25
Return on capital 9.1%
Return on equity 21.4%
Return on assets 3.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $108M in fiscal 2025, 5.8% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow $13.1M
FY20
Free cash flow $31.5M
FY21
Free cash flow $123M
FY22
Free cash flow −$239M
FY23
Free cash flow −$368M
FY24
Free cash flow −$44.7M
FY25
Free cash flow $108M
Q3 '23
Free cash flow −$65.1M
Q4 '23
Free cash flow −$97.3M
Q1 '24
Free cash flow −$29.9M
Q2 '24
Free cash flow −$24.4M
Q3 '24
Free cash flow $38.7M
Q4 '24
Free cash flow −$29.1M
Q1 '25
Free cash flow $8.6M
Q2 '25
Free cash flow $17.4M
Q3 '25
Free cash flow $45.7M
Q4 '25
Free cash flow $36.2M
Q1 '26
Free cash flow $23.1M
Q2 '26
Free cash flow $28.9M
FY19
Cash from operations $41.4M
Capital spending $28.2M
FY20
Cash from operations $84.0M
Capital spending $52.5M
FY21
Cash from operations $284M
Capital spending $161M
FY22
Cash from operations $197M
Capital spending $436M
FY23
Cash from operations $229M
Capital spending $596M
FY24
Cash from operations $244M
Capital spending $289M
FY25
Cash from operations $331M
Capital spending $223M
Cash from operations
Capital spending
Q3 '23
Cash from operations $97.5M
Capital spending $163M
Q4 '23
Cash from operations $16.5M
Capital spending $114M
Q1 '24
Cash from operations $59.6M
Capital spending $89.5M
Q2 '24
Cash from operations $42.1M
Capital spending $66.4M
Q3 '24
Cash from operations $105M
Capital spending $66.6M
Q4 '24
Cash from operations $37.0M
Capital spending $66.1M
Q1 '25
Cash from operations $76.3M
Capital spending $67.8M
Q2 '25
Cash from operations $74.3M
Capital spending $56.9M
Q3 '25
Cash from operations $89.4M
Capital spending $43.7M
Q4 '25
Cash from operations $90.6M
Capital spending $54.4M
Q1 '26
Cash from operations $57.2M
Capital spending $34.1M
Q2 '26
Cash from operations $75.7M
Capital spending $46.8M
Cash from operations
Capital spending
Dividends, buybacks and share count
Driven Brands Holdings Inc. returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 1.6%.
FY19
Dividends —
Buybacks $0.0M
FY20
Dividends —
Buybacks $0.0M
FY21
Dividends —
Buybacks $43.0M
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks $50.0M
FY24
Dividends —
Buybacks $0.0M
FY25
Dividends —
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks $0.0M
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends —
Buybacks −$0.0M
Q4 '24
Dividends —
Buybacks $0.0M
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Dividends
Buybacks
FY19
Diluted shares 0.09B
FY20
Diluted shares 0.10B
FY21
Diluted shares 0.16B
FY22
Diluted shares 0.17B
FY23
Diluted shares 0.16B
FY24
Diluted shares 0.16B
FY25
Diluted shares 0.16B
Balance sheet
Cash, debt and the ratios that show how comfortably Driven Brands Holdings Inc. can carry it.
FY19
Cash $34.9M
Debt —
FY20
Cash $173M
Debt $2.1B
FY21
Cash $523M
Debt $2.4B
FY22
Cash $150M
Debt $2.7B
FY23
Cash $133M
Debt $2.9B
FY24
Cash $103M
Debt $2.7B
FY25
Cash $103M
Debt $1.9B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $523M | $150M | $133M | $103M | $103M |
| Debt incl. finance leases | $2.4B | $2.7B | $2.9B | $2.7B | $1.9B |
| Net debt / EBITDA | 6.3x | 7.4x | 14.5x | 9.2x | 5.7x |
| Debt / equity | 1.4x | 1.6x | 3.2x | 4.9x | 2.5x |
| Interest coverage | 2.3x | 1.7x | 0.7x | 1.3x | 1.9x |
| Current ratio | 1.6x | 1.1x | 1.9x | 1.4x | 0.7x |
| Quick ratio | 1.5x | 1.0x | 1.7x | 1.2x | 0.7x |
| Total assets | $5.9B | $6.5B | $5.9B | $5.3B | $4.2B |
| Total liabilities | $4.2B | $4.8B | $5.0B | $4.7B | $3.4B |
| Shareholders' equity | $1.6B | $1.7B | $906M | $544M | $767M |
| Net debt (− = net cash) | $1.8B | $2.6B | $2.8B | $2.6B | $1.8B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✓ | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ | ✕ | ✕ | ✕ | ✓ |
| Current ratio rose | — | — | ✓ | ✕ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | — | ✓ | ✓ | ✕ | ✓ | ✓ |
| F-score | — / 3 | — / 4 | 7 / 8 | 5 / 8 | 4 / 8 | 5 / 8 | 6 / 8 |
| Accruals ratio | — | −1.9% | −5.2% | −2.5% | −15.7% | −9.6% | −4.0% |
| Altman Z'' | — | 0.58 | 0.96 | 0.67 | 0.37 | −0.10 | −0.43 |
7 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $600M | $904M | $1.5B | $2.0B | $1.7B | $1.8B | $1.9B |
| Operating income | $70.0M | $94.7M | $177M | $200M | $115M | $200M | $231M |
| Interest expense | $56.8M | $95.6M | $75.9M | $114M | $164M | $157M | $121M |
| Pretax income | — | — | — | — | −$41.1M | $25.1M | $119M |
| Income tax | $4.8M | $11.4M | $25.4M | $25.2M | $5.6M | $24.5M | −$12.8M |
| Net income | $7.7M | −$4.2M | $9.6M | $43.2M | −$745M | −$292M | $140M |
| Net income to common | $7.7M | −$4.2M | $9.4M | $42.3M | −$46.8M | $0.5M | $131M |
| Diluted EPS | $0.09 | −$0.04 | $0.06 | $0.25 | −$4.94 | −$1.86 | $0.85 |
| Diluted shares | 0.09B | 0.10B | 0.16B | 0.17B | 0.16B | 0.16B | 0.16B |
| Cash flow | |||||||
| Cash from operations | $41.4M | $84.0M | $284M | $197M | $229M | $244M | $331M |
| Capital expenditure | $28.2M | $52.5M | $161M | $436M | $596M | $289M | $223M |
| Free cash flow | $13.1M | $31.5M | $123M | −$239M | −$368M | −$44.7M | $108M |
| Depreciation and amortization | $24.2M | $62.1M | $113M | $147M | $76.6M | $79.0M | $81.9M |
| Stock-based compensation | $1.0M | $1.3M | $4.3M | $20.6M | $20.3M | $52.1M | $32.3M |
| Acquisitions | $454M | $105M | $801M | $763M | $59.6M | $3.0M | $11.3M |
| Share buybacks | $0.0M | $0.0M | $43.0M | $0.0M | $50.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $43.0M | $0.0M | $50.0M | $0.0M | $0.0M |
| Balance sheet | |||||||
| Cash and short-term investments | $34.9M | $173M | $523M | $150M | $133M | $103M | $103M |
| Total debt | — | $2.1B | $2.4B | $2.7B | $2.9B | $2.7B | $1.9B |
| Current assets | — | $374M | $769M | $571M | $821M | $608M | $541M |
| Current liabilities | — | $305M | $478M | $505M | $427M | $449M | $726M |
| Inventory | — | $43.0M | $47.0M | $72.0M | $83.2M | $48.9M | $52.4M |
| Property and equipment, net | — | $827M | $1.4B | $1.5B | $1.4B | $409M | $472M |
| Goodwill | $871M | $1.7B | $1.9B | $2.3B | $1.2B | $1.2B | $1.2B |
| Intangible assets | — | $829M | $816M | $766M | $739M | $635M | $618M |
| Total assets | — | $4.7B | $5.9B | $6.5B | $5.9B | $5.3B | $4.2B |
| Total liabilities | — | $3.5B | $4.2B | $4.8B | $5.0B | $4.7B | $3.4B |
| Preferred stock | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $290M | $1.1B | $1.6B | $1.7B | $906M | $544M | $767M |
| Margins | |||||||
| Operating margin | 11.7% | 10.5% | 12.1% | 9.8% | 6.7% | 11.4% | 12.4% |
| EBITDA margin | 15.7% | 17.3% | 19.8% | 17.1% | 11.2% | 15.9% | 16.8% |
| Net margin | 1.3% | −0.5% | 0.7% | 2.1% | −43.6% | −16.7% | 7.5% |
| FCF margin | 2.2% | 3.5% | 8.4% | −11.8% | −21.5% | −2.5% | 5.8% |
| Returns | |||||||
| Return on capital | — | 2.5% | 4.0% | 3.7% | 2.5% | 4.2% | 9.1% |
| Return on capital employed | — | 2.2% | 3.3% | 3.3% | 2.1% | 4.2% | 6.7% |
| Return on equity | 2.7% | −0.6% | 0.7% | 2.6% | −58.2% | −40.3% | 21.4% |
| Return on assets | — | −0.1% | 0.2% | 0.7% | −12.0% | −5.2% | 3.0% |
| Growth | |||||||
| Revenue growth | — | 50.6% | 62.3% | 38.6% | −15.9% | 2.5% | 6.3% |
| Net income growth | — | −154.3% | — | 348.4% | −1,824.9% | — | — |
| EPS growth | — | −144.4% | — | 316.7% | −2,076.0% | — | — |
| FCF growth | — | 139.9% | 290.4% | −294.2% | — | — | — |
| Share count change | — | 17.2% | 57.8% | 1.3% | −2.9% | −0.4% | 1.6% |
| Financial health | |||||||
| Net debt / EBITDA | — | 12.3x | 6.3x | 7.4x | 14.5x | 9.2x | 5.7x |
| Debt / equity | — | 1.9x | 1.4x | 1.6x | 3.2x | 4.9x | 2.5x |
| Interest coverage | 1.2x | 1.0x | 2.3x | 1.7x | 0.7x | 1.3x | 1.9x |
| Current ratio | — | 1.2x | 1.6x | 1.1x | 1.9x | 1.4x | 0.7x |
| Quick ratio | — | 1.1x | 1.5x | 1.0x | 1.7x | 1.2x | 0.7x |
| Capital allocation | |||||||
| Capex / revenue | 4.7% | 5.8% | 11.0% | 21.5% | 34.9% | 16.5% | 12.0% |
| Stock comp / revenue | 0.2% | 0.1% | 0.3% | 1.0% | 1.2% | 3.0% | 1.7% |
| Payouts / FCF | 0.0% | 0.0% | 35.0% | — | — | — | 0.0% |
| Quality scores | |||||||
| Piotroski F-score | — | — | 7.0 | 5.0 | 4.0 | 5.0 | 6.0 |
| Altman Z'' | — | 0.6 | 1.0 | 0.7 | 0.4 | −0.1 | −0.4 |
| Accruals ratio | — | −1.9% | −5.2% | −2.5% | −15.7% | −9.6% | −4.0% |
Source: SEC EDGAR XBRL filings (CIK 0001804745). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.