Avis Budget Financials
This page shows Avis Budget (CAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Avis Budget's revenue declined 100% year-over-year, from $11.8B to $12K. This contraction results in a growth score of 0/100.
Avis Budget has a moderate D/E ratio of 1.93. This balance of debt and equity financing earns a leverage score of 40/100.
Avis Budget's current ratio of 0.72 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.
Avis Budget earns a strong 28.4% 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 100/100.
Avis Budget passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Avis Budget generates $3.71 in operating cash flow ($3K OCF vs $889 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Avis Budget generated $12K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Avis Budget reported $889 in net income in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Avis Budget held $519 in cash against $6K in long-term debt as of fiscal year 2025.
Avis Budget paid $10.00 per share in dividends in fiscal year 2025.
Avis Budget had 35M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Avis Budget's net profit margin was 7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 23.1 percentage points from the prior year.
Avis Budget's ROE was 28.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Avis Budget spent $7 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
CAR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B+15.8% | $3.0B+25.1% | $2.4B-10.3% | $2.7B-11.1% | $3.0B+19.5% | $2.6B-7.7% | $2.8B-22.4% | $3.6B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $422.0M+6.6% | $396.0M+28.6% | $308.0M-1.3% | $312.0M-10.3% | $348.0M+7.1% | $325.0M+5.2% | $309.0M-22.2% | $397.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $109.0M-0.9% | $110.0M+13.4% | $97.0M+5.4% | $92.0M+4.5% | $88.0M+6.0% | $83.0M+10.7% | $75.0M-6.3% | $80.0M |
| Income Tax | $113.0M+1030.0% | $10.0M+105.8% | -$173.0M+80.4% | -$884.0M-7466.7% | $12.0M+141.4% | -$29.0M+70.4% | -$98.0M-175.4% | $130.0M |
| Net Income | $359.0M+8875.0% | $4.0M+100.8% | -$505.0M+74.2% | -$2.0B-14085.7% | $14.0M+112.3% | -$114.0M-144.0% | $259.0M-58.6% | $626.0M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CAR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32.5B+0.5% | $32.4B+11.5% | $29.0B0.0% | $29.0B-14.3% | $33.9B+1.1% | $33.5B+2.9% | $32.6B+0.8% | $32.3B |
| Current Assets | $2.2B-9.0% | $2.5B+14.8% | $2.1B+5.2% | $2.0B-17.3% | $2.5B+5.4% | $2.3B+9.1% | $2.1B-3.9% | $2.2B |
| Cash & Equivalents | $564.0M+4.3% | $541.0M+4.8% | $516.0M-3.4% | $534.0M+4.5% | $511.0M-2.1% | $522.0M-5.9% | $555.0M-3.0% | $572.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.1B-0.5% | $1.1B+3.8% | $1.1B+1.9% | $1.1B-1.5% | $1.1B-0.1% | $1.1B-1.0% | $1.1B+1.7% | $1.1B |
| Total Liabilities | $34.9B-0.6% | $35.1B+10.2% | $31.9B+1.6% | $31.4B-8.7% | $34.4B+1.0% | $34.0B+3.4% | $32.9B+1.8% | $32.3B |
| Current Liabilities | $3.2B-1.3% | $3.2B-4.8% | $3.4B+23.8% | $2.7B-5.1% | $2.9B-6.8% | $3.1B+15.6% | $2.7B-3.8% | $2.8B |
| Long-Term Debt | $6.0B-0.3% | $6.0B+11.2% | $5.4B+1.0% | $5.4B+2.7% | $5.2B+4.0% | $5.0B+5.0% | $4.8B+1.2% | $4.7B |
| Total Equity | -$2.4B+12.6% | -$2.7B+2.7% | -$2.8B-21.3% | -$2.3B-374.9% | -$490.0M+4.9% | -$515.0M-47.6% | -$349.0M-957.6% | -$33.0M |
| Retained Earnings | $1.9B+23.4% | $1.5B+0.3% | $1.5B-24.9% | $2.0B-45.9% | $3.8B+0.3% | $3.7B-3.0% | $3.9B-2.5% | $4.0B |
CAR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B+67.6% | $837.0M+35.2% | $619.0M-19.8% | $772.0M-12.7% | $884.0M+50.1% | $589.0M-25.7% | $793.0M-36.7% | $1.3B |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$698.0M+78.5% | -$3.2B-353.3% | -$715.0M-1154.4% | -$57.0M+94.5% | -$1.0B+31.7% | -$1.5B-264.9% | -$416.0M+75.8% | -$1.7B |
| Financing Cash Flow | -$664.0M-128.0% | $2.4B+2321.4% | $98.0M+113.3% | -$738.0M-630.9% | $139.0M-84.5% | $897.0M+290.0% | -$472.0M-192.2% | $512.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.0M | $0-100.0% | $3.0M-93.3% | $45.0M+4400.0% | $1.0M-93.3% | $15.0M-94.3% | $261.0M-46.7% | $490.0M |
CAR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 10.2%+10.1pp | 0.1%+20.9pp | -20.8%+51.5pp | -72.3%-72.7pp | 0.5%+4.9pp | -4.5%-13.8pp | 9.4%-8.2pp | 17.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.1%+1.1pp | 0.0%+1.7pp | -1.7%+5.0pp | -6.7%-6.8pp | 0.0%+0.4pp | -0.3%-1.1pp | 0.8%-1.1pp | 1.9% |
| Current Ratio | 0.71-0.1 | 0.77+0.1 | 0.64-0.1 | 0.75-0.1 | 0.86+0.1 | 0.76-0.0 | 0.800.0 | 0.81 |
| Debt-to-Equity | -2.51-0.3 | -2.20-0.3 | -1.92+0.4 | -2.31+8.4 | -10.68-0.9 | -9.77+4.0 | -13.73+129.8 | -143.52 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.72), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Avis Budget's annual revenue?
Avis Budget (CAR) reported $12K in total revenue for fiscal year 2025. This represents a -100.0% 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 Avis Budget's revenue growing?
Avis Budget (CAR) revenue declined by 100% year-over-year, from $11.8B to $12K in fiscal year 2025.
Is Avis Budget profitable?
Yes, Avis Budget (CAR) reported a net income of $889 in fiscal year 2025, with a net profit margin of 7.6%.
What is Avis Budget's earnings per share (EPS)?
Avis Budget (CAR) reported diluted earnings per share of $25.25 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Avis Budget have?
As of fiscal year 2025, Avis Budget (CAR) had $519 in cash and equivalents against $6K in long-term debt.
What is Avis Budget's net profit margin?
Avis Budget (CAR) had a net profit margin of 7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Avis Budget pay dividends?
Yes, Avis Budget (CAR) paid $10.00 per share in dividends during fiscal year 2025.
What is Avis Budget's return on equity (ROE)?
Avis Budget (CAR) has a return on equity of 28.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Avis Budget's operating cash flow?
Avis Budget (CAR) generated $3K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Avis Budget's total assets?
Avis Budget (CAR) had $31K in total assets as of fiscal year 2025, including both current and long-term assets.
Does Avis Budget buy back shares?
Yes, Avis Budget (CAR) spent $7 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Avis Budget have outstanding?
Avis Budget (CAR) had 35M shares outstanding as of fiscal year 2025.
What is Avis Budget's current ratio?
Avis Budget (CAR) had a current ratio of 0.72 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Avis Budget's debt-to-equity ratio?
Avis Budget (CAR) had a debt-to-equity ratio of 1.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Avis Budget's return on assets (ROA)?
Avis Budget (CAR) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Avis Budget's Piotroski F-Score?
Avis Budget (CAR) has a Piotroski F-Score of 4 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Avis Budget's earnings high quality?
Avis Budget (CAR) has an earnings quality ratio of 3.71x, considered cash-backed (high quality). 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.
How financially healthy is Avis Budget?
Avis Budget (CAR) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.