Lithia Motors, Inc.

LAD

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

36,188

Cost of Revenue

30,627

Gross Profit

5,561

Gross Margin

15.4%

Operating Income

1,576

Operating Margin

4.4%

Net Income

802

Net Margin

2.2%

EPS (Basic)

$29.71

EPS (Diluted)

$29.65

EBITDA

2,260

EBITDA Margin

6.2%

2023

12/31/2023

Revenue

31,042

Cost of Revenue

25,813

Gross Profit

5,229

Gross Margin

16.8%

Operating Income

1,692

Operating Margin

5.5%

Net Income

1,001

Net Margin

3.2%

EPS (Basic)

$36.39

EPS (Diluted)

$36.29

EBITDA

2,158

EBITDA Margin

7.0%

2022

12/31/2022

Revenue

28,188

Cost of Revenue

23,035

Gross Profit

5,152

Gross Margin

18.3%

Operating Income

1,941

Operating Margin

6.9%

Net Income

1,251

Net Margin

4.4%

EPS (Basic)

$44.36

EPS (Diluted)

$44.20

EBITDA

2,188

EBITDA Margin

7.8%

2021

12/31/2021

Revenue

22,832

Cost of Revenue

18,573

Gross Profit

4,259

Gross Margin

18.7%

Operating Income

1,663

Operating Margin

7.3%

Net Income

1,060

Net Margin

4.6%

EPS (Basic)

$36.81

EPS (Diluted)

$36.56

EBITDA

1,777

EBITDA Margin

7.8%

2020

12/31/2020

Revenue

13,127

Cost of Revenue

10,902

Gross Profit

2,224

Gross Margin

16.9%

Operating Income

693

Operating Margin

5.3%

Net Income

470

Net Margin

3.6%

EPS (Basic)

$19.76

EPS (Diluted)

$19.51

EBITDA

876

EBITDA Margin

6.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	36,188	31,042	28,188	22,832	13,127
Cost of Revenue	30,627	25,813	23,035	18,573	10,902
Gross Profit	5,561	5,229	5,152	4,259	2,224
Gross Margin	15.4%	16.8%	18.3%	18.7%	16.9%
Operating Income	1,576	1,692	1,941	1,663	693
Operating Margin	4.4%	5.5%	6.9%	7.3%	5.3%
Net Income	802	1,001	1,251	1,060	470
Net Margin	2.2%	3.2%	4.4%	4.6%	3.6%
EPS (Basic)	$29.71	$36.39	$44.36	$36.81	$19.76
EPS (Diluted)	$29.65	$36.29	$44.20	$36.56	$19.51
EBITDA	2,260	2,158	2,188	1,777	876
EBITDA Margin	6.2%	7.0%	7.8%	7.8%	6.7%