Decide at what price you'd be comfortable buying and we'll help you stay ready.
Revenue recovered from the pandemic shock and then stabilized, while operating profitability came down from its peak and net income remained sensitive to fleet charges, vehicle-sale results, and financing costs. Continual fleet investment and vehicle-program financing make cash generation distinct from reported earnings.
The latest quarter remained profitable at the operating and common-income levels, but both were lower year over year; trailing-twelve-month common income remained negative. The trailing free-cash-flow deficit widened even as the quarterly deficit narrowed, a cash-conversion development within the established fleet-intensive model.
Whether trailing free cash flow improves as operating cash generation catches up with fleet spending.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 8.7B | 8.8B | 9.1B | 9.2B | 5.4B | 9.3B | 12B | 12B | 11.8B | 11.7B | |
| (4.4B) | (4.5B) | (4.6B) | (4.7B) | (3.2B) | (4.3B) | (5.3B) | (4.4B) | (4.7B) | (4.6B) | |
| 4.3B | 4.4B | 4.5B | 4.5B | 2.2B | 5.1B | 6.7B | 7.6B | 7.1B | 7B | |
| (3.4B) | (3.5B) | (3.7B) | (3.6B) | (2.5B) | (3B) | (3.4B) | (5.3B) | (5.7B) | (5.8B) | |
| (1.3B) | (1.3B) | (1.5B) | (1.5B) | (898m) | (1.3B) | (1.5B) | (2.8B) | (2.8B) | (2.9B) | |
| (2.1B) | (2.2B) | (2.2B) | (2.2B) | (1.6B) | (1.7B) | (1.9B) | (2.4B) | (2.9B) | (2.9B) | |
| — | — | — | — | — | — | 7m | 22m | (2m) | (11m) | |
| 807m | 809m | 794m | 833m | (312m) | 2.1B | 3.3B | 2.3B | 1.5B | 1.3B | |
| (461m) | (455m) | (514m) | (526m) | (549m) | (531m) | (652m) | (1.1B) | (1.3B) | (1.3B) | |
| 271m | 211m | 207m | 193m | 234m | 222m | 253m | 302m | 365m | 428m | |
| (77m) | (91m) | (61m) | (102m) | (252m) | (206m) | (19m) | (26m) | (2.6B) | (616m) | |
| 10m | (52m) | 48m | 82m | 157m | 361m | 1B | 656m | (167m) | (238m) | |
| 279m | 211m | 267m | 287m | (956m) | 1.7B | 3.6B | 1.9B | (2.6B) | (929m) | |
| (116m) | (63m) | (102m) | 15m | 272m | (425m) | (880m) | (279m) | 810m | (66m) | |
| 163m | 148m | 165m | 302m | (684m) | 1.3B | 2.8B | 1.6B | (1.8B) | (995m) | |
| — | — | — | — | — | 2m | 8m | (3m) | (4m) | 106m | |
| 163m | 361m | 165m | 302m | (684m) | 1.3B | 2.8B | 1.6B | (1.8B) | (889m) | |
| 1.75 | 4.24 | 2.06 | 3.99 | (9.63) | 19.46 | 57.58 | 42.06 | (51.30) | (25.26) |
Alpha Spread
Preferences
We rebuilt our DCF valuation models from the ground up and upgraded how Intrinsic Value is calculated. Alpha Spread now selects the method that best fits each company.
You can now see how the new methodology performed across thousands of stocks on our new Valuation Backtest page. We update the results at the end of every month.
New to Alpha Spread? Create free account
By using Alpha Spread you are agreeing to our Terms of Service and Privacy Policy.
Already have an account? Sign in
Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
Read more
