LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. The company operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. It offers bumper covers, automotive body panels, and lights, as well as paint and paint related consumables for refinishing vehicles; mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; and lights and bumper assemblies. The company also provides scrap metal and other materials to metals recyclers; precious metals, such as catalytic converters; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, marine electronics, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, new and used car dealerships, and retail customers. The company operates in the United States, Canada, Germany, the United Kingdom, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, France, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Antioch, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $13.7B | $1.4B | $607M | $847M | 9.3% | -1.2% | -12.0% |
| 2024 | $13.8B | $1.6B | $690M | $810M | 11.5% | 4.2% | -26.3% |
| 2023 | $13.3B | $1.7B | $936M | $998M | 15.2% | 3.7% | -18.5% |
| 2022 | $12.8B | $1.9B | $1.1B | $1.0B | 21.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 12,794 | 13,269 | 13,823 | 13,651 |
| Operating Revenue | - | 11,933 | 12,942 | 13,505 | 13,306 |
| Cost Of Revenue | - | 7,571 | 7,916 | 8,439 | 8,386 |
| Gross Profit | - | 5,223 | 5,353 | 5,384 | 5,265 |
| Operating Expense | - | 3,781 | 3,964 | 4,104 | 4,178 |
| Selling General And Administration | - | 3,544 | 3,697 | 3,758 | 3,813 |
| Total Expenses | - | 11,352 | 11,880 | 12,543 | 12,564 |
| Operating Income | - | 1,442 | 1,389 | 1,280 | 1,087 |
| Total Operating Income As Reported | - | 1,581 | 1,324 | 1,145 | 993 |
| EBITDA | - | 1,860 | 1,733 | 1,570 | 1,442 |
| Normalized EBITDA | - | 1,721 | 1,749 | 1,705 | 1,536 |
| EBIT | - | 1,596 | 1,414 | 1,164 | 1,024 |
| Interest Income | - | 15 | 41 | 19 | 31 |
| Interest Expense | - | 78 | 191 | 238 | 224 |
| Net Interest Income | - | -63 | -150 | -219 | -193 |
| Other Income Expense | - | 139 | -16 | -135 | -94 |
| Interest Income Non Operating | - | 15 | 41 | 19 | 31 |
| Interest Expense Non Operating | - | 78 | 191 | 238 | 224 |
| Net Non Operating Interest Income Expense | - | -63 | -150 | -219 | -193 |
| Pretax Income | - | 1,518 | 1,223 | 926 | 800 |
| Tax Provision | - | 385 | 304 | 265 | 204 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 35.17 | -3.97 | -38.74 | -23.97 |
| Net Income Continuous Operations | - | 1,144 | 934 | 669 | 597 |
| Net Income From Continuing And Discontinued Operation | - | 1,149 | 936 | 690 | 607 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,143 | 932 | 666 | 596 |
| Net Income | - | 1,149 | 936 | 690 | 607 |
| Net Income Common Stockholders | - | 1,149 | 936 | 690 | 607 |
| Net Income Including Noncontrolling Interests | - | 1,150 | 938 | 693 | 608 |
| Normalized Income | - | 1,039.17 | 944.03 | 762.26 | 666.03 |
| Diluted NI Availto Com Stockholders | - | 1,149 | 936 | 690 | 607 |
| Basic Average Shares | - | 277.10 | 267.60 | 263.60 | 257.50 |
| Diluted Average Shares | - | 278 | 268.30 | 263.90 | 257.80 |
| Reconciled Depreciation | - | 264 | 319 | 406 | 418 |
| Reconciled Cost Of Revenue | - | 7,544 | 7,864 | 8,379 | 8,333 |
| Total Unusual Items | - | 139 | -16 | -135 | -94 |
| Total Unusual Items Excluding Goodwill | - | 139 | -16 | -135 | -94 |
| Minority Interests | - | -1 | -2 | -3 | -1 |
| Net Income Discontinuous Operations | - | 6 | 4 | 24 | 11 |
| Earnings From Equity Interest Net Of Tax | 23 | - | - | - | - |
| Special Income Charges | - | 139 | -65 | -135 | -94 |
| Gain On Sale Of Business | 0 | 159 | 0 | 0 | - |
| Other Special Charges | 24 | - | 1 | - | - |
| Impairment Of Capital Assets | - | - | 0 | 0 | 52 |
| Restructuring And Mergern Acquisition | - | 20 | 65 | 135 | 42 |
| Gain On Sale Of Security | -1.76 | - | 49 | - | - |
| Depreciation Amortization Depletion Income Statement | - | 237 | 267 | 346 | 365 |
| Depreciation And Amortization In Income Statement | - | 237 | 267 | 346 | 365 |
| General And Administrative Expense | 3,568 | 3,544 | 3,870 | - | - |
| Other Gand A | 3,568 | 3,544 | 3,870 | - | - |
| Amortization | 104.38 | 95 | 126 | - | - |
| Amortization Of Intangibles Income Statement | 104.38 | 95 | 126 | - | - |
| Depreciation Income Statement | 155.61 | 142 | 157 | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LKQ Corporationthis co. | LKQ | $6.4B | 10.60β discount | 0.98 | 9.3% | 7.75 |
| Life Time Group Holdings, Inc. | LTH | $7.2B | 19.39 | 2.32 | 12.0% | 14.40 |
| CarMax, Inc. | KMX | $6.7B | 26.91 | 1.13 | 4.2% | 15.58 |
| Urban Outfitters, Inc. | URBN | $6.5B | 14.06 | 2.32 | 16.5% | 9.68 |
| Mohawk Industries, Inc. | MHK | $6.4B | 17.34 |
| - |
| - |
| - |
| - |
| 0.77 |
| 4.4% |
| 7.03 |
| Etsy, Inc. | ETSY | $6.4B | 39.04 | - | -14.8% | 21.30 |
| Caesars Entertainment, Inc. | CZR | $6.0B | -11.87 | 1.70 | -14.3% | 9.10 |
| Brinker International, Inc. | EAT | $5.9B | 15.28 | 15.78 | 103.3% | 10.46 |
| Red Rock Resorts, Inc. | RRR | $5.7B | 30.56 | 27.59 | 90.3% | 11.29 |
| Peer Median | - | 18.36 | 2.32 | 8.2% | 10.87 | |