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Lithia Motors

LAD NYSE Automotive Retail Financials FY2016–FY2025

Lithia Motors' revenue rose 4.0% to $37.6 billion in fiscal 2025. Its operating margin was 4.2%, down from 4.3% a year earlier. Free cash flow was $6 million, down 92.1%. It paid out $1.0 billion in dividends and buybacks, 17521% of free cash flow. The diluted share count fell 6.3%.

Last close · Oct 23, 2026

$295.57

1.5%
Value it Compare
Revenue Total sales reported in the income statement.
$37.6B
4.0% vs prior year
Operating margin Operating income as a share of revenue.
4.2%
0.1 pts
Net income Profit after all expenses, interest and tax.
$820M
2.9%
Free cash flow Cash from operations minus capital spending.
$5.8M
92.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.8%
1.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
9.8x
On $30.33 EPS (TTM)

What Lithia Motors does

No business description yet.

Legal name
Lithia Motors, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001023128-26-000015
0001023128

Revenue and margins

Lithia Motors had $37.6B of revenue in fiscal 2025, up 4.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 17.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $5.8M in fiscal 2025, 0.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Lithia Motors returned $1.0B to shareholders in fiscal 2025, 17,521% of free cash flow. The diluted share count fell 6.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Lithia Motors yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$9.4B and divides by 25.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 9.7x · peers 12.8x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Lithia Motors can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $153M$272M$972M$446M$391M
Debt incl. finance leases $2.5B$5.5B$7.3B$8.4B$9.8B
Net debt / EBITDA 1.3x2.5x3.3x4.3x4.9x
Debt / equity 0.5x1.1x1.2x1.3x1.5x
Interest coverage 16.1x15.0x8.4x6.1x5.8x
Current ratio 1.4x1.5x1.4x1.2x1.2x
Quick ratio 0.4x0.4x0.4x0.3x0.3x
Total assets $11.1B$15.0B$19.6B$23.1B$25.1B
Total liabilities $6.5B$9.8B$13.3B$16.4B$18.5B
Shareholders' equity $4.6B$5.2B$6.2B$6.7B$6.6B
Net debt (− = net cash) $2.3B$5.3B$6.3B$7.9B$9.4B

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

$0.4M

4 insiders

Of sales under plans

23%

$0.1M

DateInsiderTradeSharesPriceValueFiling
Sep 11, 2026 Congdon Stacy LoretzDirector Sold plan 75 $370.73 $0.0M Form 4
Sep 8, 2026 David StorkChief Administrative Officer Sold 320 $373.49 $0.1M Form 4
Jun 12, 2026 Congdon Stacy LoretzDirector Sold plan 75 $315.00 $0.0M Form 4
Jun 10, 2026 Shauna McIntyreDirector Sold 165 $305.65 $0.1M Form 4
May 26, 2026 Richard J Bailey JrDirector Sold 297 $280.58 $0.1M Form 4
May 11, 2026 Shauna McIntyreDirector Sold 245 $294.64 $0.1M Form 4
Mar 12, 2026 Congdon Stacy LoretzDirector Sold plan 75 $259.33 $0.0M Form 4
Dec 12, 2025 Congdon Stacy LoretzDirector Sold plan 75 $360.00 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
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 / 94 / 93 / 9
Accruals ratio 8.5%1.7%1.9%
Altman Z'' 2.572.041.95

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Lithia Motors LAD $6.7B 4.0% 4.2% 0.0% 7.8% 9.8x 3
Penske Automotive Group PAG $14.0B −0.2% 4.0% 2.1% 12.8% 15.4x 6 Compare →
AutoNation AN $5.4B 3.2% 4.5% −0.7% 14.7% 7.5x 6 Compare →
CarMax KMX $7.3B −1.8% — 4.8% 1.3% 24.3x 5 Compare →
Group 1 Automotive GPI $2.9B 13.2% 3.3% 1.9% 8.6% 10.1x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $8.7B $10.1B $11.8B $12.7B $13.1B $22.8B $28.2B $31.0B $36.2B $37.6B
Gross profit $1.3B $1.5B $1.8B $2.0B $2.2B $4.3B $5.2B $5.2B $5.6B $5.7B
Operating income $338M $409M $447M $495M $693M $1.7B $1.9B $1.7B $1.6B $1.6B
Interest expense $23.2M $34.8M $56.0M $60.6M $71.6M $103M $129M $201M $258M $276M
Pretax income $284M $347M $338M $375M $649M $1.5B $1.7B $1.4B $1.1B $1.1B
Income tax $86.4M $102M $71.8M $104M $178M $422M $468M $351M $255M $283M
Net income $197M $245M $266M $272M $470M $1.1B $1.3B $1.0B $797M $820M
Diluted EPS $7.72 $9.75 $10.86 $11.60 $19.53 $36.54 $44.17 $36.29 $29.45 $32.32
Diluted shares 0.03B 0.03B 0.02B 0.02B 0.02B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $90.9M $149M $520M $525M $545M $1.8B −$610M −$472M $425M $357M
Capital expenditure $101M $105M $158M $125M $168M $260M $303M $230M $351M $351M
Free cash flow −$9.9M $43.5M $362M $400M $377M $1.5B −$913M −$703M $73.7M $5.8M
Depreciation and amortization $49.3M $57.7M $75.4M $82.4M $92.4M $127M $173M $204M $295M $324M
Stock-based compensation $11.0M $11.3M $13.3M $16.2M $23.2M $34.7M $41.1M $40.8M $58.4M $60.3M
Acquisitions $235M $460M $374M $367M $1.5B $2.7B $1.2B $1.2B $1.2B $886M
Share buybacks $113M $33.8M $149M $3.2M $50.6M $231M $688M $48.9M $366M $961M
Dividends paid $24.1M $26.5M $27.7M $27.6M $29.1M $38.8M $45.2M $52.8M $56.5M $55.3M
Dividends and buybacks $137M $60.3M $177M $30.8M $79.7M $270M $734M $102M $422M $1.0B
Balance sheet
Cash and short-term investments $50.3M $57.3M $31.6M $84.0M $160M $153M $272M $972M $446M $391M
Total debt $440M $783M $927M $1.3B $2.1B $2.4B $5.5B $7.3B $8.4B $9.8B
Finance lease liabilities $0.0M $0.0M $30.8M $30.5M $246M $53.6M $56.4M $99.4M $114M $112M
Current assets $2.3B $2.8B $3.0B $3.1B $3.3B $3.3B $4.6B $6.9B $7.8B $7.9B
Current liabilities $1.9B $2.3B $2.5B $2.6B $2.5B $2.4B $3.2B $4.9B $6.6B $6.7B
Inventory $1.8B $2.1B $2.4B $2.4B $2.5B $2.4B $3.4B $4.8B $5.9B $6.1B
Property and equipment, net $1.0B $1.2B $1.4B $1.6B $2.2B $3.1B $3.6B $4.0B $4.6B $4.9B
Total assets $3.8B $4.7B $5.4B $6.1B $7.9B $11.1B $15.0B $19.6B $23.1B $25.1B
Total liabilities $2.9B $3.6B $4.2B $4.6B $5.2B $6.5B $9.8B $13.3B $16.4B $18.5B
Shareholders' equity $911M $1.1B $1.2B $1.5B $2.7B $4.6B $5.2B $6.2B $6.7B $6.6B
Margins
Gross margin 15.0% 15.0% 15.0% 15.4% 17.0% 18.7% 18.3% 16.8% 15.4% 15.2%
Operating margin 3.9% 4.1% 3.8% 3.9% 5.3% 7.3% 6.9% 5.5% 4.3% 4.2%
EBITDA margin 4.5% 4.6% 4.4% 4.6% 6.0% 7.8% 7.5% 6.1% 5.2% 5.1%
Net margin 2.3% 2.4% 2.3% 2.1% 3.6% 4.6% 4.4% 3.2% 2.2% 2.2%
FCF margin −0.1% 0.4% 3.1% 3.2% 2.9% 6.7% −3.2% −2.3% 0.2% 0.0%
Returns
Return on capital 18.9% 18.6% 17.9% 14.7% 13.2% 20.2% 16.3% 10.9% 8.8% 7.8%
Return on capital employed 19.0% 19.0% 17.0% 15.5% 15.5% 23.5% 18.9% 12.8% 10.0% 9.1%
Return on equity 22.7% 24.6% 23.3% 20.4% 22.8% 29.1% 25.5% 17.5% 12.4% 12.4%
Return on assets 5.6% 5.8% 5.3% 4.7% 6.7% 11.1% 9.6% 5.8% 3.7% 3.4%
Growth
Revenue growth 10.4% 16.2% 17.2% 7.2% 3.6% 73.9% 23.5% 10.1% 16.6% 4.0%
Net income growth 7.7% 24.4% 8.4% 2.2% 73.2% 125.4% 18.0% −20.0% −20.4% 2.9%
EPS growth 11.7% 26.3% 11.4% 6.8% 68.4% 87.1% 20.9% −17.8% −18.9% 9.8%
FCF growth — — 731.5% 10.5% −5.7% 307.9% −159.4% — — −92.1%
Share count change −3.7% −1.6% −2.4% −4.5% 3.0% 20.3% −2.4% −2.5% −1.8% −6.3%
Financial health
Net debt / EBITDA 1.0x 1.6x 1.8x 2.2x 2.8x 1.3x 2.5x 3.3x 4.3x 4.9x
Debt / equity 0.5x 0.7x 0.8x 0.9x 0.9x 0.5x 1.1x 1.2x 1.3x 1.5x
Interest coverage 14.6x 11.8x 8.0x 8.2x 9.7x 16.1x 15.0x 8.4x 6.1x 5.8x
Current ratio 1.2x 1.2x 1.2x 1.2x 1.4x 1.4x 1.5x 1.4x 1.2x 1.2x
Quick ratio 0.3x 0.3x 0.3x 0.3x 0.3x 0.4x 0.4x 0.4x 0.3x 0.3x
Capital allocation
Capex / revenue 1.2% 1.0% 1.3% 1.0% 1.3% 1.1% 1.1% 0.7% 1.0% 0.9%
Stock comp / revenue 0.1% 0.1% 0.1% 0.1% 0.2% 0.2% 0.2% 0.1% 0.2% 0.2%
Payouts / FCF — 138.6% 48.8% 7.7% 21.2% 17.5% — — 573.1% 17,520.7%
Quality scores
Piotroski F-score 6.0 6.0 5.0 5.0 6.0 8.0 3.0 3.0 4.0 3.0
Altman Z'' 2.1 2.2 2.2 2.2 2.6 3.1 3.0 2.6 2.0 2.0
Accruals ratio 3.0% 2.3% −5.1% −4.4% −1.1% −7.7% 14.2% 8.5% 1.7% 1.9%

Source: SEC EDGAR XBRL filings (CIK 0001023128). Data updated October 9, 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.

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