Filing Flows › Lithia Motors (LAD) › Q4 2025
Lithia Motors (LAD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Lithia Motors (LAD) reported revenue of $9.2B for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and -5% from the quarter before. Operating margin was 3.7%, net earnings $138M (1.5% of revenue).
Lithia Motors, Q4 2025: revenue $9.2B (+0.3% year over year), operating margin 3.7%, net earnings $138M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2B | -5% | +0.3% |
| Gross profit | $1.4B | -6% | 0% |
| Operating profit | $341M | -19% | -17% |
| Net earnings | $138M | -37% | -35% |
| Operating cash flow | $124M | — | +100% |
| Free cash flow | $30.5M | — | — |
What changed
Revenue was $9.2B in Q4 2025, roughly flat year over year and down 5% from the previous quarter.
Gross margin was 14.9%, unchanged from a year earlier. Operating profit was $0.34B, a 3.7% margin (down 0.8 points year over year). Operating profit fell $0.07B even though revenue rose $0.02B versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against flat revenue. Net earnings were $0.14B, down 36% year over year. The effective tax rate was 27.2%.
Operating cash flow was $0.12B (up 100% year over year), 90% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.09B left free cash flow of $0.03B.
Questions
What was Lithia Motors' revenue in the fourth quarter 2025?
Lithia Motors (LAD) reported revenue of $9.2B for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and -5% from the quarter before.
Was Lithia Motors profitable in the fourth quarter 2025?
Operating profit was $341M (3.7% of revenue) and net earnings $138M.
Source: Lithia Motors 10-K on SEC EDGAR.