A Business at a Glance
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ITEM 1. BUSINESS Except as expressly indicated or unless the context otherwise requires, the “Company,” “Avis Budget,” “we,” “our” or “us” means Avis Budget Group, Inc. and its subsidiaries. Unless the context requires otherwise, these references and references to our brands do not include the operations of our licensees, as further discussed below. We are a leading global provider of mobility solutions through our three most recognized brands, Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Our brands offer a range of options, from car and truck rental to car sharing. We license the use of the Avis, Budget, Zipcar and other brands’ trademarks to licensees in areas in which we do not operate directly. We and our licensees operate our brands in approximately 180 countries throughout the world.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.7B | 11.7B | 11.8B | 12.0B | 12.0B | 9.3B |
| Net Income | -889M | -889M | -1.8B | 1.6B | 2.8B | 1.3B |
| EPS | $-25.25 | $-25.25 | $-51.23 | $42.08 | $57.16 | $19.44 |
| Free Cash Flow | 3.3B | 3.3B | 3.5B | 3.8B | 4.7B | 3.5B |
| ROIC | -1.5% | -29.8% | -59.8% | 8.4% | 103.4% | 52.9% |
| Gross Margin | 74.1% | 74.1% | 74.8% | 31.9% | 45.5% | 35.9% |
| Debt/Equity | 0.00 | -8.10 | -9.89 | -68.28 | -6.68 | -18.31 |
| Dividends/Share | $0.00 | $10.00 | $10.00 | $10.00 | $0.00 | - |
| Operating Income | -401M | -401M | -2.3B | 2.2B | 3.9B | 1.9B |
| Operating Margin | -3.4% | -3.4% | -19.3% | 18.4% | 32.5% | 20.7% |
| ROE | 0.0% | 32.6% | 78.3% | -467.6% | -393.2% | - |
| Shares Outstanding | 35M | 35M | 36M | 39M | 48M | 66M |
AVIS BUDGET GROUP, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 4.4x vs a median of 1.4x. The company's 5-year average ROIC is 15.0% with a gross margin of 52.4%. Total shareholder yield (dividends) is 2.5%. At current prices, the estimated annualized return to fair value is +30.2%.
AVIS BUDGET GROUP, INC. (CAR) has a 5-year average return on invested capital (ROIC) of 15.0%. This indicates strong capital allocation and a potential competitive advantage.
AVIS BUDGET GROUP, INC. (CAR) has a market capitalization of $14.5B. It is classified as a large-cap stock.
Yes, AVIS BUDGET GROUP, INC. (CAR) pays a dividend with a trailing twelve-month yield of 2.43%. The company also returns capital through share buybacks, with a buyback yield of 0.05%.
AVIS BUDGET GROUP, INC. (CAR) operates in the Services-Auto Rental & Leasing (No Drivers) industry, within the Consumer Cyclical sector.
AVIS BUDGET GROUP, INC. (CAR) reported annual revenue of $11.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
AVIS BUDGET GROUP, INC. (CAR) has a net profit margin of -7.6%. The company is currently unprofitable.
AVIS BUDGET GROUP, INC. (CAR) generated $3.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AVIS BUDGET GROUP, INC. (CAR) reported earnings per share (EPS) of $-25.25 in its most recent fiscal year.
AVIS BUDGET GROUP, INC. (CAR) has a return on equity (ROE) of 32.6%. This indicates the company generates strong returns for shareholders.
AVIS BUDGET GROUP, INC. (CAR) has a 5-year average gross margin of 52.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for AVIS BUDGET GROUP, INC. (CAR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AVIS BUDGET GROUP, INC. (CAR) has a book value per share of $-88.87, based on its most recent annual SEC filing.