Lithia Motors, Inc. (LAD) Income Statement
LAD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLAD revenue and net income
Where LAD's revenue goes
2025Each bar shows an amount and its share of revenue. LAD kept 2.2% of revenue as net income.
LAD profit margins
LAD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.0% | +10.1% | +23.4% | +16.9% |
| Gross profit | +3.1% | +3.6% | +20.8% | +17.2% |
| Operating income | −9.3% | −9.7% | +15.6% | +16.8% |
| Net income | +2.2% | −13.1% | +11.7% | +16.2% |
| EPS (diluted) | +13.9% | −8.3% | +13.6% | +17.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LAD quarterly EPS vs estimates
Lithia Motors beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 21, 2026 (estimate $9.75).
LAD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 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 |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.94B | $3.76B | $3.29B | $3.04B | $2.48B | $1.46B | $1.38B | $1.27B | $1.05B | $905.0M |
| Total operating expenses | $4.30B | $3.99B | $3.54B | $3.21B | $2.60B | $1.53B | $1.47B | $1.34B | $1.11B | $954.3M |
| Operating income | $1.43B | $1.58B | $1.69B | $1.94B | $1.66B | $692.7M | $495.0M | $447.0M | $409.0M | $338.4M |
| Interest income | $499.0M | $347.8M | $249.4M | $207.1M | $130.5M | $107.5M | $133.4M | $118.3M | $74.1M | $48.7M |
| Interest expense | $779.3M | $536.6M | $352.1M | $167.9M | $125.7M | $106.0M | $133.4M | $118.3M | $74.1M | $48.8M |
| Income before taxes | $1.11B | $1.08B | $1.36B | $1.73B | $1.48B | $648.5M | $375.4M | $337.5M | $347.1M | $283.5M |
| Income taxes | $282.5M | $256.7M | $350.6M | $468.4M | $422.1M | $178.2M | $103.9M | $71.8M | $101.9M | $86.4M |
| Net income | $819.6M | $802.0M | $1.00B | $1.25B | $1.06B | $470.3M | $271.5M | $265.7M | $245.2M | $197.1M |
| EBITDA | $2.30B | $2.26B | $2.16B | $2.19B | $1.78B | $875.8M | $622.8M | $531.2M | $478.9M | $381.6M |
| EPS (diluted) | $34.14 | $29.98 | $36.84 | $44.27 | $39.61 | $18.08 | $11.73 | $9.99 | $8.39 | $7.43 |
| Gross margin | 15.2% | 15.4% | 16.8% | 18.3% | 18.7% | 16.9% | 15.4% | 15.0% | 15.0% | 15.0% |
| Operating margin | 3.8% | 4.4% | 5.5% | 6.9% | 7.3% | 5.3% | 3.9% | 3.8% | 4.1% | 3.9% |
| Net margin | 2.2% | 2.2% | 3.2% | 4.4% | 4.6% | 3.6% | 2.1% | 2.2% | 2.4% | 2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.79B | $9.27B | $9.20B | $9.68B | $9.58B | $9.18B | $9.17B | $9.22B | $9.23B | $8.56B | $7.67B | $8.28B |
| Cost of revenue | $9.86B | $7.85B | $7.83B | $8.21B | $8.10B | $7.77B | $7.80B | $7.79B | $7.81B | $7.23B | $6.41B | $6.91B |
| Gross profit | −$73.6M | $1.42B | $1.37B | $1.47B | $1.49B | $1.41B | $1.37B | $1.43B | $1.42B | $1.34B | $1.26B | $1.37B |
| Sales, general & admin | $945.0M | $1.04B | $941.9M | $1.01B | $1.01B | $952.7M | $872.7M | $952.8M | $975.2M | $934.3M | $839.6M | $883.1M |
| Total operating expenses | $70.9M | $1.13B | $1.03B | $1.10B | $1.06B | $1.00B | $955.2M | $1.01B | $1.03B | $993.8M | $888.2M | $906.0M |
| Operating income | −$144.5M | $288.1M | $337.0M | $364.0M | $425.3M | $406.3M | $416.3M | $424.2M | $393.6M | $341.4M | $372.5M | $465.3M |
| Interest income | $142.8M | $134.4M | $133.3M | $147.8M | $20.1M | $114.9M | $95.6M | $91.1M | $7.2M | $77.3M | — | $98.0M |
| Interest expense | $132.4M | $198.0M | $205.0M | $196.8M | $121.7M | $122.6M | $133.2M | $192.3M | $137.8M | $219.2M | $108.0M | $141.2M |
| Income before taxes | $352.1M | $142.0M | $189.5M | $282.2M | $352.2M | $284.5M | $286.9M | $288.2M | $282.8M | $220.6M | $279.7M | $361.3M |
| Income taxes | $90.5M | $40.0M | $51.6M | $63.6M | $93.9M | $73.3M | $69.7M | $65.3M | $66.2M | $55.6M | $63.5M | $96.4M |
| Net income | $260.0M | $100.4M | $136.9M | $217.1M | $256.1M | $209.5M | $216.2M | $209.1M | $214.2M | $162.6M | $213.5M | $261.5M |
| EBITDA | −$125.5M | $450.6M | $502.7M | $581.5M | $577.8M | $572.2M | $629.1M | $559.0M | $534.1M | $501.8M | $404.5M | $574.7M |
| EPS (diluted) | $10.03 | $7.34 | $6.74 | $9.50 | $10.24 | $7.66 | $7.79 | $8.21 | $7.87 | $6.11 | $8.24 | $9.25 |
| Gross margin | −0.8% | 15.3% | 14.9% | 15.2% | 15.5% | 15.4% | 15.0% | 15.5% | 15.4% | 15.6% | 16.4% | 16.6% |
| Operating margin | −1.5% | 3.1% | 3.7% | 3.8% | 4.4% | 4.4% | 4.5% | 4.6% | 4.3% | 4.0% | 4.9% | 5.6% |
| Net margin | 2.7% | 1.1% | 1.5% | 2.2% | 2.7% | 2.3% | 2.4% | 2.3% | 2.3% | 1.9% | 2.8% | 3.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LAD's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LAD financial results
In fiscal year 2025 (ended December 31, 2025), Lithia Motors reported revenue of $37.6 billion, up 4.0% from the year before. It had net income of $819.6 million (up 2.2%), a net profit margin of 2.2%. Diluted earnings per share came to $34.14. Over five years revenue grew at an average rate of 23.4% a year.
See the LAD stock overview for the latest quote and news, or the LAD chart for price history and technical indicators.
LAD income statement FAQ
What is Lithia Motors's annual revenue?
Lithia Motors reported total revenue of $37.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.0% from $36.2 billion the previous year.
Is Lithia Motors profitable?
Yes. Lithia Motors reported net income of $819.6 million in fiscal 2025, a net profit margin of 2.2%; its operating margin was 3.8%.
What is Lithia Motors's gross margin?
Lithia Motors's gross margin was 15.2% in fiscal 2025: for every $100 of revenue, Lithia Motors kept $15 after the direct cost of its products and services.
How fast is Lithia Motors growing?
Revenue grew 23.4% a year on average over the last five fiscal years, from $13.1 billion to $37.6 billion.
What are Lithia Motors's earnings per share?
Lithia Motors earned $34.14 per diluted share in fiscal 2025, compared with $29.98 a year earlier.
When will Lithia Motors report its next earnings?
Lithia Motors is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 before the market opens.
When does Lithia Motors's fiscal year end?
Lithia Motors's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.