NYSE : LAD
Lithia Motors, Inc. — Financial statements
Consumer Discretionary · Auto & Truck Dealerships · United States
Last price 299.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.48B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lithia Motors, Inc. (LAD) reported revenue of 38.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 36.76B | 36.16B | 34.77B | 29.71B | 26.90B | 21.78B |
| Other Revenue | 1.44B | 1.47B | 1.42B | 1.34B | 1.29B | 1.05B |
| Revenue | 38.21B | 37.63B | 36.19B | 31.04B | 28.19B | 22.83B |
| Cost of Revenue | 32.42B | 31.90B | 30.63B | 25.81B | 23.04B | 18.57B |
| Gross Profit | 5.90B | 5.81B | 5.57B | 5.18B | 5.15B | 4.27B |
| Selling, General & Admin | 4.06B | 3.91B | 3.74B | 3.25B | 3.03B | 2.46B |
| Operating Expenses | 4.34B | 4.17B | 3.98B | 3.44B | 3.19B | 2.59B |
| Operating Income | 1.56B | 1.63B | 1.59B | 1.74B | 1.96B | 1.68B |
| Interest Expense | -525.30M | -503.70M | -536.60M | -352.10M | -167.90M | -125.70M |
| Currency Exchange Gain (Loss) | -2.20M | 5.70M | -17.60M | 5.10M | ||
| Other Non Operating Income (Expenses) | 25.40M | 17.40M | 21.50M | 16.00M | -4.00M | 24.70M |
| EBT Excluding Unusual Items | 1.06B | 1.15B | 1.05B | 1.41B | 1.78B | 1.58B |
| Merger & Restructuring Charges | -1.60M | -17.00M | -10.00M | -27.20M | -15.00M | -20.20M |
| Gain (Loss) on Sale of Investments | 27.20M | -15.10M | 32.80M | -1.70M | -39.20M | -66.40M |
| Asset Writedown | -5.80M | -5.80M | -1.90M | |||
| Other Unusual Items | -4.50M | -6.70M | -6.10M | -19.70M | -10.30M | |
| Pretax Income | 1.07B | 1.11B | 1.07B | 1.36B | 1.73B | 1.48B |
| Income Tax Expense | 280.00M | 282.50M | 255.00M | 350.60M | 468.40M | 422.10M |
| Earnings From Continuing Operations | 794.50M | 825.90M | 816.30M | 1.01B | 1.26B | 1.06B |
| Minority Interest in Earnings | -6.10M | -6.30M | -19.60M | -10.90M | -10.60M | -2.60M |
| Net Income | 788.40M | 819.60M | 796.70M | 1.00B | 1.25B | 1.06B |
| Net Income to Common | 788.40M | 819.60M | 796.70M | 1.00B | 1.25B | 1.06B |
| Shares Outstanding (Basic) | 22.90M | 25.30M | 27.00M | 27.50M | 28.20M | 28.80M |
| Shares Outstanding (Diluted) | 23.00M | 25.40M | 27.10M | 27.60M | 28.30M | 29.00M |
| EPS (Basic) | 34.43 | 32.40 | 29.51 | 36.39 | 44.36 | 36.81 |
| EPS (Diluted) | 34.33 | 32.32 | 29.45 | 36.29 | 44.17 | 36.54 |
| Free Cash Flow | -426.70M | 5.80M | 73.70M | -702.60M | -913.20M | 1.54B |
| Free Cash Flow Per Share | -18.55 | 0.23 | 2.72 | -25.46 | -32.27 | 52.99 |
| Dividend Per Share | 2.57 | 2.20 | 2.12 | 2.00 | 1.68 | 1.40 |
| Gross Margin | 15.44% | 15.43% | 15.39% | 16.70% | 18.27% | 18.70% |
| Operating Margin | 4.09% | 4.34% | 4.39% | 5.61% | 6.94% | 7.38% |
| Profit Margin | 2.06% | 2.18% | 2.20% | 3.22% | 4.44% | 4.64% |
| Free Cash Flow Margin | -1.12% | 0.01% | 0.20% | -2.26% | -3.24% | 6.73% |
| EBITDA | 1.91B | 1.96B | 1.88B | 1.95B | 2.13B | 1.81B |
| EBITDA Margin | 5.00% | 5.20% | 5.20% | 6.27% | 7.55% | 7.94% |
| D&A For EBITDA | 350.30M | 323.60M | 295.30M | 204.10M | 172.70M | 127.30M |
| EBIT | 1.56B | 1.63B | 1.59B | 1.74B | 1.96B | 1.68B |
| EBIT Margin | 4.09% | 4.34% | 4.39% | 5.61% | 6.94% | 7.38% |
| Effective Tax Rate | 26.06% | 25.49% | 23.80% | 25.74% | 27.07% | 28.43% |
| Revenue as Reported | 38.21B | 37.63B | 36.19B | 31.04B | 28.19B | 22.83B |
| Advertising Expenses | 257.00M | 250.70M | 248.20M | 253.60M | 162.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 108.10M | 109.20M | 225.10M | 941.40M | 246.70M | 174.80M |
| Short-Term Investments | 8.90M | 2.40M | 2.20M | |||
| Cash & Short-Term Investments | 117.00M | 111.60M | 227.30M | 941.40M | 246.70M | 174.80M |
| Accounts Receivable | 1.10B | 1.12B | 1.21B | 1.11B | 813.10M | 685.50M |
| Other Receivables | 32.70M | 18.30M | 25.40M | |||
| Receivables | 1.13B | 1.13B | 1.24B | 1.11B | 813.10M | 685.50M |
| Inventory | 6.62B | 6.12B | 5.91B | 4.75B | 3.41B | 2.39B |
| Restricted Cash | 265.90M | 232.60M | 177.10M | |||
| Other Current Assets | 252.90M | 260.10M | 220.80M | 136.80M | 161.70M | 63.90M |
| Total Current Assets | 8.39B | 7.86B | 7.77B | 6.94B | 4.63B | 3.31B |
| Property, Plant & Equipment | 5.76B | 5.65B | 5.29B | 4.46B | 3.96B | 3.45B |
| Long-Term Investments | 221.00M | |||||
| Goodwill | 2.72B | 2.46B | 2.10B | 1.91B | 1.44B | 977.30M |
| Other Intangible Assets | 2.89B | 2.78B | 2.55B | 2.40B | 1.86B | 799.10M |
| Long-Term Accounts Receivable | 11.80M | 12.50M | ||||
| Other Long-Term Assets | 6.84B | 6.34B | 5.39B | 3.89B | 3.09B | 2.61B |
| Total Assets | 26.84B | 25.11B | 23.12B | 19.63B | 15.01B | 11.15B |
| Accounts Payable | 434.50M | 339.50M | 333.70M | 288.00M | 258.40M | 235.40M |
| Accrued Expenses | 1.24B | 1.06B | 986.60M | 749.10M | 673.40M | 611.90M |
| Short-Term Debt | 6.57B | 5.01B | 4.90B | 3.64B | 2.12B | 1.19B |
| Current Portion of Long-Term Debt | 115.00M | 131.50M | 171.50M | 101.80M | 18.50M | 209.30M |
| Current Portion of Leases | 105.60M | 118.20M | 76.00M | 53.70M | 65.30M | |
| Current Income Taxes Payable | 28.90M | 43.00M | ||||
| Current Unearned Revenue | 50.30M | 48.80M | 38.00M | 52.90M | 57.60M | 47.80M |
| Total Current Liabilities | 8.41B | 6.70B | 6.55B | 4.93B | 3.18B | 2.40B |
| Long-Term Debt | 9.57B | 9.57B | 8.08B | 7.06B | 5.46B | 3.15B |
| Long-Term Leases | 619.90M | 772.10M | 690.20M | 519.50M | 401.00M | 399.00M |
| Long-Term Unearned Revenue | 499.40M | 452.70M | 414.20M | 264.10M | 226.70M | 191.20M |
| Pension & Post-Retirement Benefits | 84.50M | 77.70M | 72.50M | 63.00M | ||
| Long-Term Deferred Tax Liabilities | 595.70M | 516.30M | 397.10M | 349.30M | 286.30M | 191.00M |
| Other Long-Term Liabilities | 500.40M | 387.40M | 241.40M | 148.20M | 144.20M | 150.60M |
| Total Liabilities | 20.20B | 18.48B | 16.45B | 13.35B | 9.76B | 6.48B |
| Common Stock | 793.10M | 1.10B | 1.08B | 1.71B | ||
| Additional Paid-In Capital | 18.10M | 107.20M | 79.90M | 76.80M | 58.30M | |
| Retained Earnings | 6.58B | 6.52B | 5.75B | 5.01B | 4.07B | 2.86B |
| Comprehensive Income & Other | 37.30M | 67.30M | -3.60M | 20.10M | -18.00M | -3.00M |
| Total Common Equity | 6.61B | 6.60B | 6.65B | 6.21B | 5.21B | 4.63B |
| Minority Interest | 26.20M | 25.20M | 23.90M | 69.00M | 44.90M | 36.80M |
| Shareholders' Equity | 6.64B | 6.63B | 6.67B | 6.28B | 5.25B | 4.66B |
| Total Liabilities & Equity | 26.84B | 25.11B | 23.12B | 19.63B | 15.01B | 11.15B |
| Total Debt | 16.88B | 15.59B | 13.96B | 11.40B | 8.05B | 5.01B |
| Net Cash (Debt) | -16.76B | -15.48B | -13.73B | -10.46B | -7.80B | -4.84B |
| Net Cash Per Share | -728.66 | -609.28 | -506.73 | -378.81 | -275.59 | -166.83 |
| Filing Date Shares Outstanding | 21.62M | 23.37M | 26.29M | 27.53M | 27.34M | 29.49M |
| Total Common Shares Outstanding | 21.70M | 23.50M | 26.40M | 27.40M | 27.30M | 29.50M |
| Working Capital | -12.30M | 1.16B | 1.22B | 2.01B | 1.45B | 906.90M |
| Book Value Per Share | 304.82 | 280.99 | 251.90 | 226.78 | 190.70 | 156.83 |
| Tangible Book Value | 983.90M | 1.35B | 1.98B | 1.88B | 1.89B | 2.85B |
| Tangible Book Value Per Share | 45.34 | 57.41 | 75.17 | 68.65 | 69.21 | 96.61 |
| Land | 1.55B | 1.45B | 1.28B | 1.15B | 965.60M | |
| Buildings | 2.88B | 2.65B | 2.27B | 2.03B | 1.75B | |
| Machinery | 1.38B | 1.18B | 964.70M | 836.10M | 667.20M | |
| Construction In Progress | 132.60M | 180.60M | 107.20M | 87.60M | 93.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 788.40M | 819.60M | 796.70M | 1.00B | 1.25B | 1.06B |
| Depreciation & Amortization | 448.20M | 414.90M | 389.80M | 264.60M | 228.10M | 166.30M |
| Loss (Gain) From Sale of Assets | -100.00K | -11.00M | -16.40M | -35.00M | -66.10M | -2.50M |
| Asset Writedown & Restructuring Costs | 5.80M | 5.80M | 1.90M | |||
| Loss (Gain) From Sale of Investments | -28.20M | 14.20M | -33.10M | 39.20M | 66.40M | |
| Stock-Based Compensation | 55.00M | 60.30M | 58.40M | 40.80M | 41.10M | 34.70M |
| Other Operating Activities | 66.90M | 101.00M | 57.80M | 69.60M | 105.80M | 56.00M |
| Change in Accounts Receivable | 95.30M | 148.20M | -9.80M | -222.10M | -122.10M | -147.10M |
| Change in Inventory | -566.50M | 33.30M | -260.90M | -863.50M | -923.00M | 674.60M |
| Change in Accounts Payable | 93.20M | -7.50M | 9.00M | -19.90M | 25.30M | 78.40M |
| Change in Other Net Operating Assets | -1.04B | -1.22B | -566.40M | -707.70M | -1.19B | -191.60M |
| Operating Cash Flow | -81.20M | 356.70M | 425.10M | -472.40M | -610.10M | 1.80B |
| Capital Expenditures | -345.50M | -350.90M | -351.40M | -230.20M | -303.10M | -260.40M |
| Sale of Property, Plant & Equipment | 24.40M | 30.70M | 14.50M | 13.20M | 16.60M | 3.30M |
| Cash Acquisitions | -733.60M | -886.40M | -1.25B | -1.19B | -1.24B | -2.70B |
| Divestitures | 47.80M | 194.00M | 85.70M | 142.90M | 212.10M | 76.30M |
| Investment in Securities | -36.60M | -15.30M | -354.70M | -11.10M | -11.80M | -10.30M |
| Other Investing Activities | 13.80M | |||||
| Investing Cash Flow | -1.03B | -1.03B | -1.85B | -1.27B | -1.33B | -2.89B |
| Short-Term Debt Issued | 191.70M | 304.80M | 878.70M | 737.90M | ||
| Long-Term Debt Issued | 18.68B | 15.43B | 14.69B | 12.57B | 3.99B | |
| Total Debt Issued | 17.36B | 18.87B | 15.73B | 15.57B | 13.31B | 3.99B |
| Short-Term Debt Repaid | -685.30M | |||||
| Long-Term Debt Repaid | -17.18B | -14.41B | -13.05B | -10.55B | -3.05B | |
| Total Debt Repaid | -15.32B | -17.18B | -14.41B | -13.05B | -10.55B | -3.74B |
| Net Debt Issued (Repaid) | 2.04B | 1.70B | 1.32B | 2.52B | 2.76B | 256.10M |
| Issuance of Common Stock | 27.70M | 27.50M | 27.30M | 29.70M | 36.10M | 1.14B |
| Repurchase of Common Stock | -923.10M | -960.90M | -365.90M | -48.90M | -688.30M | -230.70M |
| Common Dividends Paid | -54.30M | -55.30M | -56.50M | -52.80M | -45.20M | -38.80M |
| Other Financing Activities | -16.30M | -94.50M | -21.60M | -38.60M | -23.40M | -16.10M |
| Financing Cash Flow | 1.07B | 612.10M | 907.60M | 2.41B | 2.04B | 1.11B |
| Foreign Exchange Rate Adjustments | -3.60M | 4.60M | -4.50M | 33.40M | -3.00M | 2.50M |
| Net Cash Flow | -44.60M | -54.50M | -526.20M | 700.50M | 93.00M | 16.00M |
| Free Cash Flow | -426.70M | 5.80M | 73.70M | -702.60M | -913.20M | 1.54B |
| Free Cash Flow Margin | -1.12% | 0.01% | 0.20% | -2.26% | -3.24% | 6.73% |
| Free Cash Flow Per Share | -18.55 | 0.23 | 2.72 | -25.46 | -32.27 | 52.99 |
| Levered Free Cash Flow | 420.50M | 723.09M | -557.51M | -538.67M | -114.28M | 1.31B |
| Unlevered Free Cash Flow | 748.81M | 1.04B | -222.14M | -318.61M | -9.34M | 1.39B |
| Cash Interest Paid | 750.40M | 709.40M | 739.70M | 514.30M | 209.90M | 130.10M |
| Cash Income Tax Paid | 180.00M | 201.90M | 242.70M | 222.10M | 449.30M | 369.10M |
| Change in Working Capital | -1.42B | -1.05B | -828.10M | -1.81B | -2.21B | 414.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.48B | 8.06B | 9.52B | 9.06B | 5.60B | 8.99B |
| Enterprise Value | 23.24B | 22.60B | 23.38B | 19.08B | 12.75B | 13.04B |
| Last Close Price | 299.72 | 330.38 | 352.75 | 322.69 | 199.15 | 287.07 |
| PE Ratio | 8.73 | 9.83 | 11.95 | 9.05 | 4.47 | 8.48 |
| Forward PE | 7.71 | 9.10 | 10.54 | 9.08 | 5.25 | 8.02 |
| PS Ratio | 0.17 | 0.21 | 0.26 | 0.29 | 0.20 | 0.39 |
| PB Ratio | 0.98 | 1.22 | 1.43 | 1.44 | 1.07 | 1.93 |
| P/TBV Ratio | 6.59 | 5.97 | 4.80 | 4.82 | 2.96 | 3.15 |
| P/FCF Ratio | 1,389.48 | 129.19 | 5.85 | |||
| P/OCF Ratio | 22.59 | 22.40 | 5.00 | |||
| PEG Ratio | 0.61 | 0.70 | 3.95 | 2.16 | 0.86 | 0.38 |
| EV/Sales Ratio | 0.61 | 0.60 | 0.65 | 0.61 | 0.45 | 0.57 |
| EV/EBITDA Ratio | 12.16 | 11.54 | 12.42 | 9.81 | 5.99 | 7.20 |
| EV/EBIT Ratio | 14.88 | 13.83 | 14.73 | 10.96 | 6.52 | 7.74 |
| EV/FCF Ratio | 3,895.99 | 317.29 | 8.49 | |||
| Debt / Equity Ratio | 2.54 | 2.35 | 2.09 | 1.81 | 1.53 | 1.07 |
| Debt / EBITDA Ratio | 7.26 | 6.63 | 6.23 | 5.16 | 3.43 | 2.54 |
| Debt / FCF Ratio | 2,687.45 | 189.41 | 3.26 | |||
| Net Debt / Equity Ratio | 2.52 | 2.33 | 2.06 | 1.66 | 1.49 | 1.04 |
| Net Debt / EBITDA Ratio | 8.77 | 7.91 | 7.29 | 5.37 | 3.66 | 2.67 |
| Net Debt / FCF Ratio | -39.28 | 2,668.21 | 186.33 | -14.88 | -8.54 | 3.15 |
| Asset Turnover | 1.49 | 1.56 | 1.69 | 1.79 | 2.16 | 2.40 |
| Inventory Turnover | 5.16 | 5.30 | 5.74 | 6.32 | 7.95 | 7.61 |
| Quick Ratio | 0.15 | 0.19 | 0.22 | 0.41 | 0.33 | 0.36 |
| Current Ratio | 1.00 | 1.17 | 1.19 | 1.41 | 1.46 | 1.38 |
| Return on Equity (ROE) | 11.83% | 12.42% | 12.60% | 17.54% | 25.45% | 29.02% |
| Return on Assets (ROA) | 3.80% | 4.23% | 4.64% | 6.29% | 9.35% | 11.05% |
| Return on Invested Capital (ROIC) | 4.99% | 5.73% | 6.51% | 8.69% | 12.65% | 14.87% |
| Return on Capital Employed (ROCE) | 8.50% | 8.90% | 9.60% | 11.80% | 16.50% | 19.30% |
| Earnings Yield | 11.45% | 10.17% | 8.37% | 11.04% | 22.35% | 11.79% |
| FCF Yield | -6.58% | 0.07% | 0.77% | -7.75% | -16.31% | 17.09% |
| Dividend Yield | 1.00% | 0.64% | 0.59% | 0.60% | 0.82% | 0.46% |
| Payout Ratio | 7.49% | 6.75% | 7.09% | 5.28% | 3.61% | 3.66% |
| Buyback Yield / Dilution | 11.71% | 6.27% | 1.81% | 2.47% | 2.41% | -20.33% |
| Total Shareholder Return | 12.71% | 6.92% | 2.40% | 3.08% | 3.23% | -19.87% |