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Penske Automotive Group, Inc.

PAG Consumer Cyclical Auto & Truck Dealerships

Penske Automotive Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $31.8 billion, roughly unchanged from fiscal 2024.

Revenue: +4.50%
EPS: +4.24%
Free cash flow: −29.0%
Total debt: +50.7%

Quarter to September 2026, against a year earlier

Dividend growth 10 yrs

212.41 0.11 +0.05%

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Market cap: $13.9B
P/E: 15.5×
Fwd P/E: 16.1×
Dividend yield: 2.66%
F-score: 6/9
Altman Z: 3.02
Beneish M: −2.48
Dividend safety: 85/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Penske Automotive Group, Inc. (PAG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
U.S.	19,579	61.55%
U.K.	8,334	26.20%
Other International	3,895	12.25%
Gross margin		16.40%
Operating margin		4.03%
Pre-tax margin		3.97%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Retail automotive dealership	27,475 86.38%	27,566 86.51%	26,598 86.03%	23,695 85.19%	22,513 88.10%	17,929 87.70%	20,616 88.94%	20,849 91.50%	19,824 92.69%	18,673 92.82%	17,896 92.80%	16,658 96.67%	14,330 98.95%	—	—	—	—
Retail commercial truck dealership	3,411 10.72%	3,521 11.05%	3,684 11.92%	3,541 12.73%	2,466 9.65%	2,061 10.08%	2,051 8.85%	1,375 6.03%	1,048 4.90%	1,001 4.97%	944 4.90%	126 0.73%	—	—	—	—	—
Other	923 2.90%	778 2.44%	634 2.05%	579 2.08%	576 2.25%	454 2.22%	513 2.21%	561 2.46%	515 2.41%	449 2.23%	446 2.31%	454 2.63%	153 1.05%	—	—	—	—
Commercial vehicle distribution and other	923 2.90%	778 2.44%	634 2.05%	579 2.08%	576 2.25%	454 2.22%	513 2.21%	561 2.46%	515 2.41%	445 2.21%	445 2.30%	449 2.61%	—	—	—	—	—
Non-Automotive Investments	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—	—
Reportable Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9,943 100.00%	—
Also reported: a second breakdown of the same revenue
Retail	—	—	—	—	—	—	—	—	—	—	—	—	—	12,903 100.00%	11,039 100.00%	9,943 100.00%	9,012 100.00%
Eliminations	(923) (2.90%)	(778) (2.44%)	(634) (2.05%)	(579) (2.08%)	(576) (2.25%)	(454) (2.22%)	(513) (2.21%)	(561) (2.46%)	(515) (2.41%)	(448) (2.23%)	(446) (2.31%)	(454) (2.63%)	—	—	—	—	—
Revenue	31,809	31,865	30,917	27,815	25,555	20,444	23,179	22,785	21,387	20,119	19,285	17,232	14,483	12,903	11,039	9,943	9,012

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Retail automotive dealership	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail commercial truck dealership	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial vehicle distribution and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Non-Automotive Investments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
U.S.	19,579 61.55%	19,125 60.02%	18,576 60.08%	16,802 60.41%	15,276 59.78%	12,105 59.21%	13,512 58.29%	12,608 55.33%	12,487 58.39%	12,006 59.68%	11,807 61.22%	10,436 60.56%	9,239 63.79%	8,286 64.22%	7,174 64.99%	6,314 63.50%	—
U.K.	8,334 26.20%	9,322 29.25%	9,240 29.89%	8,443 30.36%	—	—	—	—	—	—	—	—	—	—	—	—	—
Other International	3,895 12.25%	3,418 10.73%	3,101 10.03%	2,570 9.24%	—	—	—	—	—	—	—	—	—	—	—	—	—
Non-US	—	—	—	—	10,279 40.22%	8,339 40.79%	9,668 41.71%	10,177 44.67%	8,900 41.61%	8,113 40.32%	7,478 38.78%	6,796 39.44%	5,244 36.21%	4,617 35.78%	3,865 35.01%	—	—
Segment, Geographical, Groups of Countries, Group One [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3,630 36.50%	5,547 61.54%
Segment, Geographical, Groups of Countries, Group Two [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3,466 38.46%
Revenue	31,809	31,865	30,917	27,815	25,555	20,444	23,179	22,785	21,387	20,119	19,285	17,232	14,483	12,903	11,039	9,943	9,012

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Retail automotive finance and insurance same-store revenue change	Q3 FY2026	−2.30%	3.60%	—
Retail automotive fleet and wholesale same-store revenue change	Q3 FY2026	−2.80%	4.90%	—
Retail automotive new agency units	Q3 FY2026	11.3K	11.7K	−3.79%
Retail automotive new retail units	Q3 FY2026	53.5K	48.8K	+9.62%
Retail automotive new vehicle same-store revenue change	Q3 FY2026	0.30%	3.50%	—
Retail automotive revenue per new vehicle retailed	Q3 FY2026	$59,528.00	$60,041.00	−0.85%
Retail automotive revenue per used vehicle retailed	Q3 FY2026	$41,358.00	$40,995.00	+0.89%
Retail automotive same-store new agency units	Q3 FY2026	11.3K	11.7K	−3.79%
Retail automotive same-store new retail units	Q3 FY2026	52.3K	47.1K	+11.02%
Retail automotive same-store revenue change	Q4 FY2025	−3.60%	4.70%	—
Retail automotive same-store total retail and agency units	Q3 FY2026	120.3K	112.4K	+7.00%
Retail automotive same-store total retail units	Q1 FY2026	108.7K	106.3K	+2.26%
Retail automotive same-store used retail units	Q3 FY2026	56.7K	53.6K	+5.82%
Retail automotive service and parts same-store revenue change	Q3 FY2026	3.00%	4.90%	—
Retail automotive total retail and agency units	Q3 FY2026	122.4K	115.2K	+6.23%
Retail automotive total retail units	Q1 FY2026	110.2K	109.1K	+0.98%
Retail automotive used retail units	Q3 FY2026	57.6K	54.7K	+5.35%
Retail automotive used units delivered change	Q3 FY2026	2.10%	—	—
Retail automotive used vehicle same-store revenue change	Q3 FY2026	4.80%	7.50%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Retail automotive finance and insurance same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive fleet and wholesale same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive new agency units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive new retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive new vehicle same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive revenue per new vehicle retailed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive revenue per used vehicle retailed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store new agency units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store new retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store total retail and agency units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store total retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive same-store used retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive service and parts same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive total retail and agency units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive total retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive used retail units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive used units delivered change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail automotive used vehicle same-store revenue change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.