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Sonic Automotive SAH Franchised Dealership Impairment — Asset impairment charges

Other segment segments

Powersports Dealerships
-$7.2M
Echo Park
$675K-96.6%
Franchise
$400K

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Other financials

Income statement

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Revenue$3.7B+1.0%
Gross profit$598.8M+5.7%
Operating income$132.7M-8.5%
Net income$60.8M-13.9%
EPS (diluted)$1.79-12.3%

Balance sheet

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Cash & equivalents$5.7M-91.2%
Total debt$2.4B+12.2%
Total equity$981.3M-10.0%
Total assets$6.1B+4.1%

Cash flow

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Operating cash flow$35.5M-81.9%
CapEx$37.0M-17.8%
Free cash flow-$1.5M-101%

Valuation

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Market cap$2.57B+19.3%
Enterprise value$5B+17.2%
P/E23.6×+14.8×
P/S0.2×0.0×

Profitability

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Gross margin15.9%+0.6pp
Operating margin2.3%-1.1pp
Net margin0.7%-1.0pp
FCF margin1.7%

Returns & leverage

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Return on equity10.5%-14.0pp
Debt / equity2.5×+0.5×
Current ratio-0.1×

Where this comes from

Reported directly by Sonic Automotive in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Sonic Automotive’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sonic Automotive's franchised dealership impairment — asset impairment charges?
Sonic Automotive (SAH) reported franchised dealership impairment — asset impairment charges of -$41.48M in Q4 2025.
How has Sonic Automotive's franchised dealership impairment — asset impairment charges changed year-over-year?
Sonic Automotive's franchised dealership impairment — asset impairment charges decreased by 13925.0% year-over-year, from $300K to -$41.48M.
What does franchised dealership impairment — asset impairment charges mean?
This metric represents non-cash charges recognized when the carrying value of long-lived assets within the franchised dealership segment exceeds their estimated fair value. It serves as an indicator of potential decline in the long-term economic viability of specific dealership locations or brand portfolios. Investors monitor these charges to assess the impact of market shifts, competitive pressures, or strategic restructuring on the company's asset base.