Financials · LAD

Lithia Motors Inc. (LAD) financials

For the twelve months ended Sep 30, 2026, Lithia Motors Inc. reported $38.21B of revenue and $788.40M of net income.

Revenue, TTM
$38.21B
Revenue growth, YoY
+1.6%
Net income, TTM
$788.40M
Net income growth, YoY
-11.9%
Net margin
2.1%
Free cash flow, TTM
-$426.70M
EPS, diluted, TTM
$34.94
EPS growth, YoY
+1.6%
Cash
$108.10M
P/E
8.47
P/S
0.17
Market cap
$6.68B
Annual revenue$37.63B
FY2016FY2025
Annual net income$819.60M
FY2016FY2025
Annual free cash flow$5.80M
FY2016FY2025

LAD revenue and earnings growth

LAD revenueQ3 2026$9.95B

Quarter YoY
+2.8%
QoQ
+1.6%
FY YoY
+4.0%
5Y CAGR
+23.4%
10Y CAGR
+16.9%

LAD revenue was $9.95B in fiscal Q3 2026 (ended Sep 30, 2026), up 2.8% from a year earlier and up 1.6% from the prior quarter. For the full fiscal 2025 it was $37.63B, up 4.0% from fiscal 2024. Compound annual growth was +23.4% over 5 years and +16.9% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

LAD net incomeQ3 2026$291.10M

Quarter YoY
+34.1%
QoQ
+12.0%
FY YoY
+2.9%
5Y CAGR
+11.7%
10Y CAGR
+16.2%

LAD net income was $291.10M in fiscal Q3 2026 (ended Sep 30, 2026), up 34.1% from a year earlier and up 12.0% from the prior quarter. For the full fiscal 2025 it was $819.60M, up 2.9% from fiscal 2024. Compound annual growth was +11.7% over 5 years and +16.2% over 10 years. It rose in 8 of the last 10 fiscal years.

LAD EPSQ3 2026$13.22

Quarter YoY
+53.5%
QoQ
+14.6%
FY YoY
+9.7%
5Y CAGR
+10.6%
10Y CAGR
+16.7%

LAD diluted EPS was $13.22 in fiscal Q3 2026 (ended Sep 30, 2026), up 53.5% from a year earlier and up 14.6% from the prior quarter. For the full fiscal 2025 it was $32.32, up 9.7% from fiscal 2024. Compound annual growth was +10.6% over 5 years and +16.7% over 10 years.

LAD free cash flowQ3 2026-$129.70M

FY YoY
-92.1%
5Y CAGR
-56.6%

LAD free cash flow was -$129.70M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$207.30M a year earlier. For the full fiscal 2025 it was $5.80M, down 92.1% from fiscal 2024. Compound annual growth was -56.6% over 5 years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$37.63B$36.19B$31.04B$28.19B$22.83B$13.13B$12.67B$11.82B$10.09B$8.68B
Cost of revenue$31.90B$30.63B$25.81B$23.04B$18.57B$10.90B$10.72B$10.04B$8.57B$7.38B
Gross profit$5.73B$5.56B$5.23B$5.15B$4.26B$2.22B$1.95B$1.78B$1.52B$1.30B
Selling, general and admin$3.94B$3.76B$3.29B$3.04B$2.48B$1.44B$1.37B$1.25B$1.05B$899.60M
Operating income$1.59B$1.57B$1.69B$1.94B$1.66B$692.70M$495.00M$447.00M$409.00M$338.40M
Pre-tax income$1.11B$1.07B$1.36B$1.73B$1.48B$648.50M$375.40M$337.50M$347.10M$283.50M
Income tax$282.50M$255.00M$350.60M$468.40M$422.10M$178.20M$103.90M$71.80M$101.90M$86.40M
Net income$819.60M$796.70M$1.00B$1.25B$1.06B$470.30M$271.50M$265.70M$245.20M$197.10M
EPS, basic$32.38$29.51$36.36$44.38$36.81$19.74$11.70$10.91$9.78$7.76
EPS, diluted$32.32$29.45$36.29$44.17$36.54$19.53$11.60$10.86$9.75$7.72
Diluted shares25.4M27.1M27.6M28.3M29.0M24.1M23.4M24.5M25.1M25.5M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$391.30M$445.80M$972.00M$271.50M$178.50M$162.50M$84.00M$31.60M$57.30M$50.30M
Receivables$1.13B$1.24B$1.11B$813.10M$685.50M$614.00M$505.00M$529.40M$521.90M$417.71M
Inventory$6.12B$5.91B$4.75B$3.41B$2.39B$2.49B$2.43B$2.37B$2.13B$1.77B
Current assets$7.86B$7.77B$6.94B$4.63B$3.31B$3.34B$3.07B$2.99B$2.78B$2.29B
Goodwill$2.48B$2.12B$1.93B$1.46B$977.30M$593.00M$454.60M$434.90M$256.30M$259.40M
Total assets$25.11B$23.12B$19.63B$15.01B$11.15B$7.90B$6.08B$5.38B$4.68B$3.84B
Current liabilities$6.70B$6.55B$4.93B$3.18B$2.40B$2.48B$2.57B$2.49B$2.30B$1.92B
Long-term debt$9.68B$8.17B$7.16B$5.51B$3.19B$2.06B$1.43B$1.36B$1.03B$769.92M
Total debt$9.68B$8.17B$7.16B$5.51B$3.19B$2.06B$1.43B$1.36B$1.03B$769.92M
Total liabilities$18.48B$16.45B$13.35B$9.76B$6.48B$5.24B$4.62B$4.19B$3.60B$2.93B
Shareholders' equity$6.60B$6.67B$6.24B$5.21B$4.63B$2.66B$1.47B$1.20B$1.08B$910.80M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$356.70M$425.10M-$472.40M-$610.10M$1.80B$544.60M$524.50M$519.70M$148.90M$90.90M
Capital expenditures$350.90M$351.40M$230.20M$303.10M$260.40M$167.80M$124.90M$158.00M$105.40M$100.80M
Free cash flow$5.80M$73.70M-$702.60M-$913.20M$1.54B$376.80M$399.60M$361.70M$43.50M-$9.90M
Investing cash flow-$1.03B-$1.85B-$1.27B-$1.33B-$2.89B-$1.61B-$463.00M-$557.10M-$538.20M-$351.70M
Financing cash flow$612.10M$907.60M$2.41B$2.04B$1.11B$1.14B-$9.10M$11.70M$396.30M$266.10M
Dividends paid$55.30M$56.50M$52.80M$45.20M$38.80M$29.10M$27.60M$27.70M$26.50M$24.10M
Share repurchases$960.90M$365.90M$48.90M$688.30M$230.70M$50.60M$3.20M$148.90M$33.80M$112.90M
Stock-based compensation$60.30M$58.40M$40.80M$41.10M$34.70M$23.20M$16.20M$13.30M$11.30M$11.00M
Depreciation and amortization$323.60M$295.30M$204.10M$172.70M$127.30M$92.40M$82.40M$75.40M$57.70M$49.30M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.0%16.6%10.1%23.5%73.9%3.6%7.2%17.2%16.2%10.3%
Net income growth, YoY2.9%-20.4%-20.0%18.0%125.4%73.2%2.2%8.4%24.4%7.7%
EPS growth, YoY9.7%-18.8%-17.8%20.9%87.1%68.4%6.8%11.4%26.3%11.7%
Gross margin15.2%15.4%16.8%18.3%18.7%16.9%15.4%15.0%15.0%15.0%
Operating margin4.2%4.3%5.5%6.9%7.3%5.3%3.9%3.8%4.1%3.9%
Net margin2.2%2.2%3.2%4.4%4.6%3.6%2.1%2.2%2.4%2.3%
Free cash flow margin0.0%0.2%-2.3%-3.2%6.7%2.9%3.2%3.1%0.4%-0.1%
Return on equity12.4%11.9%16.0%24.0%22.9%17.7%18.5%22.2%22.6%21.6%
Return on assets3.3%3.4%5.1%8.3%9.5%6.0%4.5%4.9%5.2%5.1%
Current ratio1.171.191.411.461.381.351.201.201.211.19
Debt to equity1.471.221.151.060.690.780.971.130.950.85

Source: XBRL data Lithia Motors Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LAD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LAD$38.21B+1.6%$788.40M2.1%$6.68B
CVNA$27.45B+50.3%$2.06B7.5%$81.17B
CPRT$4.67B+0.4%$1.48B31.8%$29.59B
CASY$18.67B+13.8%$772.81M4.1%$25.42B
PAG$32.56B+1.4%$901.80M2.8%$13.94B
MUSA$23.26B+20.2%$663.30M2.9%$9.45B
KMX$27.63B+4.8%$292.44M1.1%$7.31B
RUSHB$7.47B-2.6%$277.07M3.7%$6.84B
AN$27.42B-1.8%$721.90M2.6%$5.88B

LAD FAQ

9 questions
  • What is LAD revenue?
    Lithia Motors Inc. (LAD) reported $38.21B of revenue for the twelve months ended Sep 30, 2026. That is up 1.6% from the year before. Revenue for fiscal 2025 was $37.63B.
  • Is LAD profitable?
    Yes. Lithia Motors Inc. earned $788.40M in net income for the twelve months ended Sep 30, 2026, a net margin of 2.1%.
  • How much cash and debt does LAD have?
    Lithia Motors Inc. reported $108.10M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is LAD revenue growing?
    Lithia Motors Inc.'s revenue changed +4.0% in fiscal 2025, to $37.63B. Its compound annual growth rate was +23.4% over 5 years and +16.9% over 10 years.
  • What is LAD gross margin?
    Lithia Motors Inc.'s gross profit was $5.79B on $38.21B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 15.1%.
  • What is LAD free cash flow?
    Lithia Motors Inc. generated -$426.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$81.20M less capital expenditures.
  • What is LAD earnings per share?
    Diluted earnings per share were $34.94 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LAD last report financial results?
    The latest statements here come from Lithia Motors Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this LAD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Lithia Motors Inc. files with the SEC. It is provided for information only and is not investment advice.