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Avis Budget Group, Inc.

CAR Industrials Rental & Leasing Services

Avis Budget Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, down 1.16% from fiscal 2024.

Revenue
−2.36%
EPS
−44.8%
Free cash flow
−11.8%
Total debt
−98.5%

Quarter to September 2026, against a year earlier

120.10 0.29 +0.24%
Market cap
$4.3B
P/E
0.0×
Fwd P/E
83.1×
Dividend yield
—
F-score
6/9
Altman Z
0.53
Beneish M
−3.10
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 40.06
Sold, $m 1,755.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — 1 — 5 — — — 1 — — —
Insider Ownership 1.53%

Capital & Financial Ratios $m

Size
Market Cap 4,250.00
Revenue ttm 11,628.00
Net income ttm (828.00)
Free cash flow ttm 2,449.00
Net debt Q (190.00)
Valuation
P/E 0.00
Forward P/E 83.10 (above 35: high)
Price / sales 0.36
Forward P/S Powerpack
Price / FCF 1.73
Price / book 0.00
Financial health
Current ratio Q 0.70 (below 1: weak)
Debt / equity Q (0.12) (negative: negative equity)
Interest coverage Q 1.92
Growth
Revenue growth Q −2.36% (below 0%: shrinking)
Operating income growth Q −27.83% (below 0%: shrinking)
EPS, this year −38.18% (below 0%: weak)
EPS, next year A +62.06% (at or above 15%: strong)
Revenue, next year A −0.23% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +14.17%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.2×; over the ten years it ranged from 1.6× in 2018 to 3.9× in 2021.
P/S against its own 10 years 46.90%
10-year low 10-year high
EV/Sales against its own 10 years 80.12%
10-year low 10-year high
EV/FCF against its own 10 years 92.34%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 555 534 519 558
Receivables 900 838 878 936
Inventory — — — —
Other 684 662 696 1,014
2,139 2,034 2,093 2,508
2023 2024 2025 Q'26
Payables 2,627 2,700 2,865 3,074
ST’ Debt 32 20 24 23
Other — — — —
2,659 2,720 2,889 3,097

Compound Annual Growth %

10y 5y 3y
Sales 3.20% 16.62% (0.96%)
Cash Flow 2.29% 36.68% (11.20%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 8.47 Actual 5.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.29 −6.53 Miss by 6.24
Q1 FY26 −6.82 −8.01 Miss by 1.19
Q2 FY26 2.16 0.98 Miss by 1.18
Q3 FY26 8.47 5.15 Miss by 3.32
Q4 FY26 −0.81 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (8.01) 0.98 5.59 — —
’25 (14.35) 0.10 10.11 (21.25) (25.25)
’24 (3.21) 0.41 6.65 (55.66) (51.23)
’23 7.72 11.01 16.78 7.10 42.08
’22 9.71 15.71 21.67 10.10 57.16
’21 (2.43) 5.63 10.45 6.63 19.44
’20 (2.16) (6.91) 0.63 (1.29) (9.71)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,530 2,998 3,436 — —
’25 2,430 3,039 3,519 2,664 11,652
’24 2,551 3,048 3,480 2,710 11,789
’23 2,557 3,123 3,564 2,764 12,008
’22 2,432 3,244 3,547 2,771 11,994
’21 1,372 2,371 3,001 2,569 9,313
’20 1,753 760 1,534 1,355 5,402
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 434 632 1,193 — —
’25 619 837 1,403 437 3,296
’24 589 884 1,273 772 3,518
’23 819 963 1,253 793 3,828
’22 1,148 1,223 1,491 845 4,707
’21 336 919 1,293 943 3,491
’20 370 (20) 282 59 691
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 393 564 1,193 — —
’25 585 786 1,352 355 3,078
’24 536 839 1,236 705 3,316
’23 775 902 1,178 700 3,555
’22 1,111 1,184 1,447 719 4,461
’21 324 901 1,266 892 3,383
’20 327 (41) 271 40 597
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 8,659 8,848 9,124 9,172 5,402 9,313 11,994 12,008 11,789 11,652 11,628 +3.4% 11,625 11,802 12,117 +1.3%
Gross margin, % 49.39 49.46 49.16 48.78 38.50 54.31 55.94 52.74 48.99 49.73 48.11 +0.3 pt
EBT 279 211 267 287 (956) 1,708 3,636 1,914 (2,627) (929) (698) n/m
EBT margin, % 3.22 2.38 2.93 3.13 (17.70) 18.34 30.32 15.94 (22.28) (7.97) (6.00) (11.2) pt
Net income 163 361 165 302 (684) 1,283 2,756 1,635 (1,817) (995) (828) n/m
Per share, $
Per share, $ Revenue 94.12 106.09 115.06 121.97 76.62 143.50 253.57 313.52 332.08 331.02 329.41 +15.0%
Earnings 1.78 4.32 2.08 4.01 (9.71) 19.79 58.41 42.57 (51.23) (25.25) (22.62) n/m
Cash flow 28.70 31.75 32.90 34.39 9.80 53.79 99.51 99.95 99.10 93.64 76.37 +14.0%
Capex (2.07) (2.36) (2.91) (3.32) (1.33) (1.66) (5.20) (7.13) (5.69) (6.19) (7.00) +13.0%
Free cash flow 26.63 29.39 29.99 31.06 8.47 52.13 94.31 92.82 93.41 87.44 69.38 +14.1%
Book value 2.40 6.87 5.22 8.72 (2.20) (3.22) (14.80) (8.96) (65.27) (88.52) 0.00 n/m
Shares, m 92 83 79 75 71 65 47 38 36 35 35 (10.1%)
Valuation, ×
Valuation, × P/E 20.48 9.98 10.60 7.96 0.00 10.06 2.82 4.07 0.00 0.00 0.00 6.6
P/S 0.40 0.42 0.20 0.26 0.49 1.45 0.65 0.56 0.24 0.39 0.36 0.5
P/B 15.60 6.47 4.31 3.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.0
EV/Sales 1.77 1.80 1.64 1.77 2.41 3.04 2.14 2.49 2.14 2.51 2.54 2.2
EV/FCF 6.27 6.49 6.29 6.95 21.78 8.37 5.76 8.42 7.62 9.51 12.07 8.7
Cash, $m
Cash, $m Operating cash flow 2,640 2,648 2,609 2,586 691 3,491 4,707 3,828 3,518 3,296 2,696 +2.5%
Capex (190) (197) (231) (250) (94) (108) (246) (273) (202) (218) (247) +1.5%
Free cash flow 2,450 2,451 2,378 2,336 597 3,383 4,461 3,555 3,316 3,078 2,449 +2.6%
Balance, $m
Balance, $m Working capital 50 421 458 (80) (258) (561) (688) (520) (686) (796) (1,044) n/m
Net debt 11,911 12,209 13,168 13,817 10,375 14,865 17,910 23,205 22,395 24,742 (190) +8.5%
Shareholders’ equity 221 573 414 656 (155) (209) (700) (343) (2,317) (3,116) (3,374) n/m
Returns, %
Returns, % ROA 0.92 2.04 0.90 1.43 (3.36) 6.40 11.39 5.58 (5.91) (2.95) (2.54) (3.9) pt
ROIC 2.73 2.09 2.37 2.45 (3.64) 9.09 14.12 6.11 (6.85) (0.97) 0.00 (3.7) pt
ROE 49.39 90.93 33.43 56.45 (273.05) (706.04) (608.14) (312.94) 136.92 32.73 29.16 (16.7) pt
People
People Employees 30,000 31,000 30,000 30,000 20,000 21,000 24,500 24,500 24,000 25,000 — (2.0%)
Revenue/emp, $m 0.29 0.29 0.30 0.31 0.27 0.44 0.49 0.49 0.49 0.47 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Avis Budget Group, Inc. vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UHAL U-Haul Holding Company $10.2B 416× 52.0× +3.07% (above 0%: growing) −14.71% (below 0%: shrinking) +37.12% (above 0%: growing) 0.00% 14.95% Compare
GATX GATX Corporation $6.5B 17.4× 17.8× +36.13% (above 0%: growing) +30.22% (above 0%: growing) +145.40% (above 0%: growing) 74.97% 32.17% Compare
HRI Herc Holdings Inc. $5.0B 40.8× 25.2× +4.60% (above 0%: growing) +245.98% (above 0%: growing) −330.00% (below 0%: shrinking) 55.35% 18.18% Compare
CAR Avis Budget Group, Inc. $4.3B — (loss-making) 83.1× −2.36% (below 0%: shrinking) −44.84% (below 0%: shrinking) −11.76% (below 0%: shrinking) 52.82% 19.79%
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.2B — (loss-making) 17.6× +6.09% (above 0%: growing) +16.67% (above 0%: growing) +61.99% (above 0%: growing) 63.18% 20.99% Compare
MGRC McGrath RentCorp $3.1B 19.6× 18.6× +7.08% (above 0%: growing) +16.23% (above 0%: growing) −132.83% (below 0%: shrinking) 47.66% 26.93% Compare
CTOS Custom Truck One Source, Inc. $2.1B 71.6× 82.8× +2.73% (above 0%: growing) n/m +540.01% (above 0%: growing) 22.87% 7.69% Compare
VSTS Vestis Corporation $1.9B — (loss-making) 93.4× −1.80% (below 0%: shrinking) n/m +478.29% (above 0%: growing) 28.02% 5.63% Compare
Median of peers $3.4B 30.2× 32.1× +5.35% +16.67% +49.56% 38.01% 16.57%

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CAR metrics, ten years each

stockrow.com/CAR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com