What is Penske Automotive Group's notes assumed1?

Penske Automotive Group (PAG) reported notes assumed1 of $38.95M in Q4 2025.

What does notes assumed1 mean?

Debt taken over by the company as part of an acquisition.

How do you interpret notes assumed1?

An increase indicates inorganic growth through acquisitions that include debt assumption, impacting the company's total leverage.

How does notes assumed1 compare across companies?

Common in industries with high M&A activity; reflects the debt-funded nature of growth.

Penske Automotive Group PAG Notes Assumed1

Notes Assumed1 at other companies

Sirius XMSIRI

$0—

American Homes 4 RentAMH

$6.34M—

NYM

NYMTNYMT

——

American Healthcare REITAHR

——

ALC

ALCCALCC

——

American Healthcare REITAHR

——

Other financials

Income statement

See full

Revenue$7.9B-1.1%

Gross profit$1.3B-1.7%

Operating income$289.0M-12.3%

Net income$234.5M-9.0%

EPS (diluted)$3.56-7.8%

Balance sheet

See full

Cash & equivalents$83.7M-32.1%

Total debt$5.2B+22.5%

Total equity$5.7B+5.0%

Total assets$18.3B+8.2%

Cash flow

See full

Operating cash flow$215.0M-26.1%

CapEx$62.6M-26.1%

Free cash flow$152.4M-26.1%

Valuation

See full

Market cap$11.52B+2.3%

Enterprise value$16.62B+8.8%

P/E12.6×+1.4×

P/S0.4×0.0×

Profitability

See full

Gross margin18.3%+0.1pp

Operating margin4%-0.3pp

Net margin2.9%-0.2pp

FCF margin1.9%-0.3pp

Returns & leverage

See full

Return on equity16.5%-3.1pp

Debt / equity0.9×+0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:NotesAssumed1.

The official record: Penske Automotive Group’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

Ask your AI about Penske Automotive Group's notes assumed1.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Penske Automotive Group's notes assumed1?: Penske Automotive Group (PAG) reported notes assumed1 of $38.95M in Q4 2025.
What does notes assumed1 mean?: Debt taken over by the company as part of an acquisition.
How do you interpret notes assumed1?: An increase indicates inorganic growth through acquisitions that include debt assumption, impacting the company's total leverage.
How does notes assumed1 compare across companies?: Common in industries with high M&A activity; reflects the debt-funded nature of growth.