Filing Flows › Penske Automotive Group (PAG) › How it makes money
How Penske Automotive Group (PAG) makes money
Penske Automotive Group (PAG) made $8.4B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Retail automotive dealership brought in $7.0B (83%); Retail commercial truck dealership brought in $1.1B (13%); Commercial vehicle distribution and other brought in $266M (3%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Retail automotive dealership | $7.0B | 83.5% | -4% | +1% |
| Retail commercial truck dealership | $1.1B | 13.4% | +21% | +22% |
| Commercial vehicle distribution and other | $266M | 3.2% | -6% | +29% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $8.4B | 100.0% |
| Cost of revenue | $7.1B | 84.3% |
| Gross profit | $1.3B | 15.7% |
| Operating expenses | $1.0B | 12.1% |
| Operating profit | $303M | 3.6% |
| Income tax | $80.8M | 1.0% |
| Net earnings | $221M | 2.6% |
| Operating cash flow | $306M | 3.6% |
| Free cash flow | $223M | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $8.4B | +4% |
| Q2 2026 | $8.5B | +6% |
From Penske Automotive Group's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Penske Automotive Group make money?
Penske Automotive Group (PAG) made $8.4B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Retail automotive dealership brought in $7.0B (83%); Retail commercial truck dealership brought in $1.1B (13%); Commercial vehicle distribution and other brought in $266M (3%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
What is Penske Automotive Group's biggest business?
Retail automotive dealership: $7.0B in the third quarter 2026, 83% of revenue, +1% from a year earlier.
What is Penske Automotive Group's profit margin?
Net earnings were $221M, 2.6% of revenue, in the third quarter 2026; the operating margin was 3.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.