AutoNation (AN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AN SEC filings page.
AutoNation (AN) reported $27.4B in revenue over the twelve months to Jun 30, 2026, down 0.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability is compressing while inventory and financing needs absorb more capital than the business converts into cash.
Cash conversion deteriorated faster than earnings alone suggest: operating cash flow fell from$1.6B in FY2021 to$112M in FY2025, while free cash flow moved to-$198M . Over the same span, inventory rose from$1.8B to$3.4B , indicating that more resources are tied up in vehicle stock and related working capital rather than emerging as distributable cash.
Revenue reached a new high in FY2025, but operating margin narrowed from
Capital returns continued despite negative free cash flow: the company repurchased
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of AutoNation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
AutoNation has an operating margin of 4.5%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.
AutoNation's revenue grew a modest 3.2% year-over-year to $27.6B. This slow but positive growth earns a score of 35/100.
AutoNation has a moderate D/E ratio of 1.58. This balance of debt and equity financing earns a leverage score of 36/100.
AutoNation's current ratio of 0.84 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While AutoNation generated $111.9M in operating cash flow, capex of $309.4M consumed most of it, leaving -$197.5M in free cash flow. This results in a low score of 25/100, reflecting heavy capital investment rather than weak cash generation.
AutoNation earns a strong 27.7% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 81/100. This is down from 28.2% the prior year.
AutoNation scores 3.06, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
AutoNation passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, AutoNation generates $0.17 in operating cash flow ($111.9M OCF vs $649.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
AutoNation earns $6.89 in operating income for every $1 of interest expense ($1.2B vs $180.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
AutoNation generated $6.9B in revenue in Q2 2026. This represents a decrease of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.
AutoNation reported $182.1M in net income in Q2 2026. This represents an increase of 110.8% from the same quarter a year earlier. Against the prior quarter it is down 11.3%.
AutoNation earned $5.39 per diluted share (EPS) in Q2 2026. This represents an increase of 138.5% from the same quarter a year earlier. Against the prior quarter it is down 7.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
AutoNation recorded an outflow of $140.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 45.2% from the same quarter a year earlier. Against the prior quarter it is down 311.4%.
AutoNation held $53.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
AutoNation's gross margin was 17.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.
AutoNation's operating margin was 4.6% in Q2 2026, reflecting core business profitability. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
AutoNation's net profit margin was 2.6% in Q2 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
AutoNation's ROE was 8.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.
Capital Allocation
AutoNation spent $168.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 408.1% from the same quarter a year earlier. Against the prior quarter it is down 44.0%.
AutoNation invested $69.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 11.9% from the same quarter a year earlier. Against the prior quarter it is up 23.4%.
Not reported for Q2 2026.
AN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.9B-0.6% | $6.6B-2.1% | $6.9B-3.9% | $7.0B+6.9% | $7.0B+7.6% | $6.7B+3.2% | $7.2B+6.6% | $6.6B-4.4% |
| Cost of Revenue | $5.7B0.0% | $5.3B-2.4% | $5.7B-4.3% | $5.8B+7.3% | $5.7B+7.2% | $5.5B+3.5% | $6.0B+7.6% | $5.4B-3.5% |
| Gross Profit | $1.2B-3.5% | $1.2B-0.7% | $1.2B-2.2% | $1.2B+4.7% | $1.3B+9.7% | $1.2B+1.8% | $1.2B+2.2% | $1.2B-8.6% |
| SG&A Expenses | $856.3M+0.2% | $842.2M+2.5% | $835.5M+0.2% | $850.1M+4.8% | $854.7M+3.5% | $821.9M+3.6% | $833.7M+3.1% | $811.3M-1.0% |
| Operating Income | $319.0M+46.6% | $314.3M-6.5% | $313.9M-7.5% | $372.4M+6.2% | $217.6M-20.9% | $336.0M-1.3% | $339.5M-3.0% | $350.7M-16.4% |
| Interest Expense | $49.9M+8.0% | $48.0M+13.5% | $46.4M+6.9% | $45.1M+0.4% | $46.2M-1.3% | $42.3M-5.2% | $43.4M-4.6% | $44.9M-8.0% |
| Income Tax | $61.7M+18.7% | $70.3M+20.2% | $52.4M-5.9% | $72.5M+17.7% | $52.0M+18.2% | $58.5M-7.4% | $55.7M-9.4% | $61.6M-26.4% |
| Net Income | $182.1M+110.8% | $205.4M+17.0% | $172.1M-7.5% | $215.1M+15.8% | $86.4M-33.6% | $175.5M-7.7% | $186.1M-13.9% | $185.8M-23.8% |
| EPS (Basic) | $5.44+137.6% | $5.92+31.6% | $4.77+1.7% | $5.72+22.7% | $2.29-28.9% | $4.50-0.7% | $4.69-8.4% | $4.66-16.6% |
| EPS (Diluted) | $5.39+138.5% | $5.85+31.5% | $4.68+1.5% | $5.65+22.6% | $2.26-29.4% | $4.45-0.9% | $4.61-9.4% | $4.61-16.8% |
| Diluted Shares (Avg) | 34M-11.7% | 35M-10.9% | N/A | 38M-5.5% | 38M-5.9% | 39M-6.9% | N/A | 40M-8.4% |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA.
AN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.5B+14.1% | $14.6B+9.7% | $14.4B+10.7% | $14.2B+10.0% | $13.6B+5.8% | $13.3B+10.7% | $13.0B+8.5% | $12.9B+14.8% |
| Current Assets | $4.8B+4.9% | $4.6B+0.7% | $4.6B-1.1% | $4.7B-1.3% | $4.6B-4.7% | $4.5B+7.2% | $4.7B+9.1% | $4.7B+25.9% |
| Cash & Equivalents | $53.3M-15.3% | $65.5M-7.1% | $58.6M-2.0% | $97.6M+62.1% | $62.9M-26.8% | $70.5M+16.9% | $59.8M-1.6% | $60.2M-5.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.7B+8.5% | $3.4B+6.6% | $3.4B+1.3% | $3.5B-1.2% | $3.4B-3.0% | $3.2B+7.6% | $3.4B+10.8% | $3.5B+33.5% |
| Accounts Receivable | $600.3M-4.5% | $600.1M-21.5% | $693.4M-10.4% | $621.9M-7.6% | $628.7M-1.9% | $764.4M+18.9% | $774.0M+1.6% | $673.0M+7.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.4B+2.7% | $1.4B-3.1% | $1.4B-3.0% | $1.4B-3.3% | $1.4B-4.4% | $1.5B-0.1% | $1.5B-0.9% | $1.4B-0.6% |
| Total Liabilities | $13.2B+19.1% | $12.4B+13.5% | $12.1B+14.3% | $11.7B+10.9% | $11.1B+4.3% | $10.9B+12.8% | $10.5B+7.9% | $10.5B+15.8% |
| Current Liabilities | $6.2B+8.9% | $5.6B-4.3% | $5.5B-12.2% | $5.9B-0.9% | $5.7B-8.4% | $5.9B+9.2% | $6.3B+13.1% | $6.0B+31.5% |
| Non-Current Liabilities | $7.0B+29.9% | $6.8B+34.3% | $6.5B+53.8% | $5.8B+26.3% | $5.4B+22.1% | $5.0B+17.3% | $4.2B+1.1% | $4.6B+0.2% |
| Long-Term Debt | N/A | N/A | $3.7B+41.8% | N/A | N/A | $3.1B-0.7% | $2.6B-16.4% | $3.1B-12.8% |
| Total Equity | $2.3B-8.5% | $2.2B-7.3% | $2.3B-4.7% | $2.5B+5.9% | $2.5B+13.1% | $2.4B+1.8% | $2.5B+11.1% | $2.4B+10.7% |
| Retained Earnings | $6.4B+13.7% | $6.2B+12.1% | $6.0B+12.1% | $5.8B+12.8% | $5.6B+12.7% | $5.5B+13.9% | $5.3B+14.8% | $5.1B+16.2% |
AN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$71.1M+60.0% | $22.2M+142.3% | $150.5M+0.5% | $191.7M+373.9% | -$177.8M-198.3% | -$52.5M-117.8% | $149.8M+488.1% | -$70.0M-127.4% |
| Stock-Based Compensation | N/A | $17.3M+3.6% | N/A | N/A | N/A | $16.7M+18.4% | N/A | N/A |
| Capital Expenditures | $69.6M-11.9% | $56.4M-25.0% | $86.3M+30.2% | $68.9M-14.9% | $79.0M-9.7% | $75.2M-19.7% | $66.3M-46.7% | $81.0M-6.9% |
| Free Cash Flow | -$140.7M+45.2% | -$34.2M+73.2% | $64.2M-23.1% | $122.8M+181.3% | -$256.8M-74.6% | -$127.7M-163.6% | $83.5M+151.3% | -$151.0M-189.6% |
| Investing Cash Flow | -$379.0M-409.4% | -$48.9M+64.1% | -$157.4M-455.3% | -$319.1M-405.7% | -$74.4M-10.9% | -$136.1M-96.4% | $44.3M+160.8% | $104.4M+1198.9% |
| Financing Cash Flow | $456.6M+107.4% | $66.8M-68.9% | -$33.3M+82.4% | $156.0M+440.6% | $220.2M+41.7% | $214.6M+197.1% | -$189.1M-271.8% | -$45.8M+81.9% |
| Share Buybacks | $168.7M+408.1% | $301.0M+36.4% | $361.8M+246.6% | $176.0M+3042.9% | $33.2M-89.3% | $220.6M+470.0% | $104.4M-31.0% | $5.6M-97.2% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid.
AN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.8%-0.5pp | 18.5%+0.3pp | 17.5%+0.3pp | 17.6%-0.4pp | 18.3%+0.3pp | 18.2%-0.2pp | 17.2%-0.8pp | 18.0%-0.8pp |
| Operating Margin | 4.6%+1.5pp | 4.8%-0.2pp | 4.5%-0.2pp | 5.3%0.0pp | 3.1%-1.1pp | 5.0%-0.2pp | 4.7%-0.5pp | 5.3%-0.8pp |
| Net Margin | 2.6%+1.4pp | 3.1%+0.5pp | 2.5%-0.1pp | 3.1%+0.2pp | 1.2%-0.8pp | 2.6%-0.3pp | 2.6%-0.6pp | 2.8%-0.7pp |
| Return on Equity | 8.1%+4.6pp | 9.2%+1.9pp | 7.3%-0.2pp | 8.6%+0.7pp | 3.5%-2.5pp | 7.3%-0.8pp | 7.6%-2.2pp | 7.8%-3.5pp |
| Return on Assets | 1.2%+0.5pp | 1.4%+0.1pp | 1.2%-0.2pp | 1.5%+0.1pp | 0.6%-0.4pp | 1.3%-0.3pp | 1.4%-0.4pp | 1.4%-0.7pp |
| Current Ratio | 0.780.0x | 0.810.0x | 0.84+0.1x | 0.790.0x | 0.810.0x | 0.770.0x | 0.740.0x | 0.800.0x |
| Debt-to-Equity | 5.85+1.4x | 5.57+4.3x | 1.58+0.5x | 4.65+3.3x | 4.50+3.1x | 1.290.0x | 1.06-0.4x | 1.32-0.4x |
| Asset Turnover | 0.45-0.1x | 0.45-0.1x | 0.48-0.1x | 0.500.0x | 0.510.0x | 0.500.0x | 0.550.0x | 0.51-0.1x |
| FCF Margin | -2.0%+1.7pp | -0.5%+1.4pp | 0.9%-0.2pp | 1.7%+4.0pp | -3.7%-1.4pp | -1.9%-5.0pp | 1.2%+3.6pp | -2.3%-4.7pp |
Note: The current ratio is below 1.0 (0.84), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AutoNation AN | FY2025 | $27.6B | $649.1M | 2.4% | $6.9B | 41/100 |
| Lithia Mtrs Inc LAD | FY2025 | $37.6B | $819.6M | 2.2% | $8.1B | 42/100 |
| Carmax KMX | FY2026 | $25.9B | $247.0M | 0.9% | $8.6B | 25/100 |
| Group 1 Automotive Inc GPI | FY2025 | $22.6B | $325.2M | 1.4% | $3.4B | 49/100 |
| Asbury Automotive Group Inc ABG | FY2025 | $18.0B | $492.0M | 2.7% | $3.8B | 44/100 |
| Valvoline VVV | FY2025 | $1.7B | $210.7M | 12.3% | $3.9B | 48/100 |
Where AutoNation Ranks
Frequently Asked Questions
What is AutoNation's annual revenue?
AutoNation (AN) reported $27.6B in total revenue for fiscal year 2025. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AutoNation's revenue growing?
AutoNation (AN) revenue grew by 3.2% year-over-year, from $26.8B to $27.6B in fiscal year 2025.
Is AutoNation profitable?
Yes, AutoNation (AN) reported a net income of $649.1M in fiscal year 2025, with a net profit margin of 2.4%.
How much debt does AutoNation have?
As of fiscal year 2025, AutoNation (AN) had $58.6M in cash and equivalents against $3.7B in long-term debt.
What is AutoNation's gross margin?
AutoNation (AN) had a gross margin of 17.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is AutoNation's operating margin?
AutoNation (AN) had an operating margin of 4.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is AutoNation's net profit margin?
AutoNation (AN) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is AutoNation's return on equity (ROE)?
AutoNation (AN) has a return on equity of 27.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is AutoNation's free cash flow?
AutoNation (AN) recorded an outflow of $197.5M in free cash flow during fiscal year 2025. This represents a -1331.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is AutoNation's operating cash flow?
AutoNation (AN) generated $111.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are AutoNation's total assets?
AutoNation (AN) had $14.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are AutoNation's capital expenditures?
AutoNation (AN) invested $309.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is AutoNation's current ratio?
AutoNation (AN) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is AutoNation's debt-to-equity ratio?
AutoNation (AN) had a debt-to-equity ratio of 1.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AutoNation's return on assets (ROA)?
AutoNation (AN) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is AutoNation's P/E ratio?
AutoNation (AN) trades at 8.9x earnings, its market capitalization divided by net income of $774.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AutoNation's price-to-sales ratio?
AutoNation (AN) trades at 0.3x sales, its market capitalization divided by revenue of $27.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AutoNation's Altman Z-Score?
AutoNation (AN) has an Altman Z-Score of 3.06, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is AutoNation's Piotroski F-Score?
AutoNation (AN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AutoNation's earnings high quality?
AutoNation (AN) has an earnings quality ratio of 0.17x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AutoNation cover its interest payments?
AutoNation (AN) has an interest coverage ratio of 6.89x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is AutoNation?
AutoNation (AN) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.