Short answer
SONIC AUTOMOTIVE INC (SAH) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $15.2B (+6.5% year over year) and net income of $119M.
- Top risk flagged: No specific or timely regulatory or legal risk detailed in the cybersecurity governance discussion
FY2025 key financial metrics · XBRL
- Revenue
- $15.2B
- +6.5% YoY
- Net income
- $119M
- −45.0% YoY
- Operating margin
- 2.4%
- −0.8 pp YoY
- Gross margin
- 15.7%
- +0.3 pp YoY
- EPS (diluted)
- $3.42
- −44.7% YoY
- ROE
- 11.1%
- −9.2 pp YoY
- Operating cash flow
- $567M
- +419.6% YoY
Source: XBRL data from the SONIC AUTOMOTIVE INC (SAH) FY2025 10-K on SEC EDGAR. USD.
SONIC AUTOMOTIVE INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Multi-segment automotive retail with franchised dealerships, EchoPark used car outlets, and Powersports vehicle sales
- EchoPark segment emphasized with 18 stores across 10 states, contributing 13.7% of 2025 revenue, down from 15.0% in 2024
- Slight increase in Franchised Dealerships revenue share to 85.0% of total in 2025 from 83.9% in 2024
- Geographic concentration in Texas and California representing 50.8% of total revenue in 2025 across 33 and 24 stores respectively
- Strategic focus on acquisitions and store openings for brand strengthening with planned divestitures of underperforming stores
Management Discussion & Analysis
- Revenue $12.45B, up 3% YoY; new vehicle revenue $7.15B, up 8%, retail unit sales 123,115, up 5%
- Operating margin 2.4% vs 3.2% in 2024; net margin 0.8% vs 1.5% in 2024, due to $173.8M impairment charges in 2025
- Best segment: Powersports - retail new vehicle revenue +29%, used vehicle revenue +70%, fixed ops margin 47.5%
- Worst segment: EchoPark - total revenue down 3%, wholesale gross loss worsened by $0.5M to ($1.8M)
- Cash flow: $50M cyber insurance income reduced expenses; no specific data on buybacks/dividends/capex disclosed
- 2026 outlook: New vehicle industry volume forecast 15.8-16.5 million units (down 3% to up 1%); risks from interest rates, consumer confidence, inventory, and economic conditions
Risk Factors
- No specific or timely regulatory or legal risk detailed in the cybersecurity governance discussion
- No geopolitical or macroeconomic threat with concrete exposure disclosed in risk factors
- Cybersecurity operational risk managed via NIST Cybersecurity Framework adoption and third-party resiliency audits
- No direct competitor or market disruption risk stated in provided section
- No financial or structural risk referenced related to leverage, concentration, or key-person dependency
Generated from the filing text; verify against the original. How to read a 10-K
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