0001144980-26-000051
SEC filingAsbury Automotive Group, Inc. (ABG) reported strong financial results for fiscal year 2025, ending December 31, 2025. The company generated $18.00 billion in revenue, resulting in a gross profit of $3.07 billion. Operating income was $860.6 million, and net income reached $492.0 million, translating to earnings per share of $25.00. The company's operating cash flow was robust at $775.2 million, though free cash flow was not explicitly disclosed. The balance sheet shows total assets of $11.62 billion, with shareholders' equity of $3.89 billion. Key activities included significant acquisitions totaling $1.76 billion and dealership divestitures generating $566.5 million in proceeds. The company maintained a solid liquidity position with $69.4 million in cash and cash equivalents at year-end.
Asbury Automotive Group reported solid financial performance for fiscal year 2025. The company achieved $18.00 billion in revenue, with gross profit of $3.07 billion representing a 17.1% gross margin. Operating income was $860.6 million (4.8% operating margin), and net income reached $492.0 million. Earnings per share were $25.00 based on 19.6 million diluted shares outstanding. The company generated $775.2 million in operating cash flow, though free cash flow was not explicitly disclosed. Key expenses included $1.99 billion in selling, general and administrative costs, $82.4 million in depreciation and amortization, and $141.0 million in asset impairments. Interest expenses totaled $278.7 million ($91.2M floor plan + $187.5M other), partially offset by an $80.2 million gain on dealership divestitures.
Revenue analysis is limited as the XBRL data does not provide segment breakdowns for new vehicles, used vehicles, parts and services, or finance and insurance. The document content similarly lacks segment revenue disclosures. The total revenue of $18.00 billion represents the consolidated figure without further breakdown by business segment or geographic region. No growth drivers or comparative segment performance data is available in the provided materials.
The company maintained healthy profitability metrics with a 17.1% gross margin ($3.07B gross profit / $18.00B revenue). Operating margin was 4.8% ($860.6M operating income / $18.00B revenue). The cost structure shows $14.93 billion in total cost of sales, representing 82.9% of revenue. Operating expenses totaled $2.21 billion ($1.99B SG&A + $82.4M depreciation + $141.0M impairments), which is 12.3% of revenue. The effective tax rate was 25.7% ($170.2M tax expense / $662.2M income before taxes).
Operating activities generated $775.2 million in cash, primarily from $492.0 million net income adjusted for non-cash items including $82.4 million depreciation, $141.0 million impairments, and $80.2 million gain on divestitures. Investing activities used $1.46 billion, driven by $1.76 billion in acquisitions partially offset by $566.5 million in divestiture proceeds. Financing activities provided $653.1 million, with significant floor plan borrowing activity ($10.38B borrowings vs $10.21B repayments). The balance sheet shows $11.62 billion in total assets, including $3.38 billion in current assets and $2.14 billion in inventories. Total liabilities were $7.73 billion ($3.56B current + $3.09B long-term debt + $1.08B other long-term), resulting in shareholders' equity of $3.89 billion and a debt-to-equity ratio of 0.79.
The provided materials do not contain management guidance, strategic priorities, or specific risk factors for future periods. The filing includes standard 10-K disclosures but no forward-looking statements about 2026 performance expectations, growth targets, or strategic initiatives. Investors should refer to the complete 10-K filing for comprehensive risk factor disclosures and management discussion of future prospects.