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Side-by-side financial comparison of AUTONATION, INC. (AN) and Philip Morris International (PM). Click either name above to swap in a different company.

Philip Morris International is the larger business by last-quarter revenue ($10.1B vs $6.9B, roughly 1.5× AUTONATION, INC.). Philip Morris International runs the higher net margin — 24.0% vs 2.5%, a 21.5% gap on every dollar of revenue. On growth, Philip Morris International posted the faster year-over-year revenue change (9.1% vs -3.9%). Over the past eight quarters, Philip Morris International's revenue compounded faster (3.5% CAGR vs 3.4%).

AutoNation, Inc. is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets.

Philip Morris International Inc. (PMI) is a tobacco company, with products sold in over 180 countries. Marlboro is PMI’s most recognized brand, but in the last quarter of 2023, Iqos generated the greatest revenue. Philip Morris International is often referred to as one of the companies comprising Big Tobacco. The company ranked No. 121 in the 2025 Fortune 500 list of the largest US corporations by total revenue.

AN vs PM — Head-to-Head

Bigger by revenue
PM
PM
1.5× larger
PM
$10.1B
$6.9B
AN
Growing faster (revenue YoY)
PM
PM
+13.0% gap
PM
9.1%
-3.9%
AN
Higher net margin
PM
PM
21.5% more per $
PM
24.0%
2.5%
AN
Faster 2-yr revenue CAGR
PM
PM
Annualised
PM
3.5%
3.4%
AN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AN
AN
PM
PM
Revenue
$6.9B
$10.1B
Net Profit
$172.1M
$2.4B
Gross Margin
17.5%
68.1%
Operating Margin
4.5%
38.4%
Net Margin
2.5%
24.0%
Revenue YoY
-3.9%
9.1%
Net Profit YoY
-7.5%
-9.0%
EPS (diluted)
$4.68
$1.56

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AN
AN
PM
PM
Q1 26
$10.1B
Q4 25
$6.9B
$10.4B
Q3 25
$7.0B
$10.8B
Q2 25
$7.0B
$10.1B
Q1 25
$6.7B
$9.3B
Q4 24
$7.2B
$9.7B
Q3 24
$6.6B
$9.9B
Q2 24
$6.5B
$9.5B
Net Profit
AN
AN
PM
PM
Q1 26
$2.4B
Q4 25
$172.1M
$2.1B
Q3 25
$215.1M
$3.5B
Q2 25
$86.4M
$3.0B
Q1 25
$175.5M
$2.7B
Q4 24
$186.1M
$-579.0M
Q3 24
$185.8M
$3.1B
Q2 24
$130.2M
$2.4B
Gross Margin
AN
AN
PM
PM
Q1 26
68.1%
Q4 25
17.5%
65.6%
Q3 25
17.6%
67.8%
Q2 25
18.3%
67.7%
Q1 25
18.2%
67.3%
Q4 24
17.2%
64.7%
Q3 24
18.0%
66.0%
Q2 24
17.9%
64.7%
Operating Margin
AN
AN
PM
PM
Q1 26
38.4%
Q4 25
4.5%
32.6%
Q3 25
5.3%
39.3%
Q2 25
3.1%
36.6%
Q1 25
5.0%
38.1%
Q4 24
4.7%
33.6%
Q3 24
5.3%
36.9%
Q2 24
4.2%
36.4%
Net Margin
AN
AN
PM
PM
Q1 26
24.0%
Q4 25
2.5%
20.7%
Q3 25
3.1%
32.1%
Q2 25
1.2%
30.0%
Q1 25
2.6%
28.9%
Q4 24
2.6%
-6.0%
Q3 24
2.8%
31.1%
Q2 24
2.0%
25.4%
EPS (diluted)
AN
AN
PM
PM
Q1 26
$1.56
Q4 25
$4.68
$1.36
Q3 25
$5.65
$2.23
Q2 25
$2.26
$1.95
Q1 25
$4.45
$1.72
Q4 24
$4.62
$-0.37
Q3 24
$4.61
$1.97
Q2 24
$3.20
$1.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AN
AN
PM
PM
Cash + ST InvestmentsLiquidity on hand
$58.6M
$5.5B
Total DebtLower is stronger
$3.7B
$49.5B
Stockholders' EquityBook value
$2.3B
Total Assets
$14.4B
$68.9B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AN
AN
PM
PM
Q1 26
$5.5B
Q4 25
$58.6M
$4.9B
Q3 25
$97.6M
$4.0B
Q2 25
$62.9M
$4.1B
Q1 25
$70.5M
$4.4B
Q4 24
$59.8M
$4.2B
Q3 24
$60.2M
$4.3B
Q2 24
$85.9M
$4.8B
Total Debt
AN
AN
PM
PM
Q1 26
$49.5B
Q4 25
$3.7B
$45.1B
Q3 25
$41.9B
Q2 25
$42.4B
Q1 25
$3.1B
$38.8B
Q4 24
$2.6B
$42.2B
Q3 24
$3.1B
$44.2B
Q2 24
$3.1B
$44.6B
Stockholders' Equity
AN
AN
PM
PM
Q1 26
Q4 25
$2.3B
$-10.0B
Q3 25
$2.5B
$-10.9B
Q2 25
$2.5B
$-12.0B
Q1 25
$2.4B
$-10.9B
Q4 24
$2.5B
$-11.8B
Q3 24
$2.4B
$-9.7B
Q2 24
$2.2B
$-9.7B
Total Assets
AN
AN
PM
PM
Q1 26
$68.9B
Q4 25
$14.4B
$69.2B
Q3 25
$14.2B
$67.1B
Q2 25
$13.6B
$68.5B
Q1 25
$13.3B
$65.1B
Q4 24
$13.0B
$61.8B
Q3 24
$12.9B
$66.9B
Q2 24
$12.8B
$65.8B
Debt / Equity
AN
AN
PM
PM
Q1 26
Q4 25
1.58×
Q3 25
Q2 25
Q1 25
1.29×
Q4 24
1.06×
Q3 24
1.32×
Q2 24
1.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AN
AN
PM
PM
Operating Cash FlowLast quarter
$150.5M
Free Cash FlowOCF − Capex
$64.2M
FCF MarginFCF / Revenue
0.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
0.87×
TTM Free Cash FlowTrailing 4 quarters
$-197.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AN
AN
PM
PM
Q1 26
Q4 25
$150.5M
$4.7B
Q3 25
$191.7M
$4.5B
Q2 25
$-177.8M
$3.4B
Q1 25
$-52.5M
$-350.0M
Q4 24
$149.8M
$4.0B
Q3 24
$-70.0M
$3.3B
Q2 24
$-59.6M
$4.6B
Free Cash Flow
AN
AN
PM
PM
Q1 26
Q4 25
$64.2M
$4.3B
Q3 25
$122.8M
$4.1B
Q2 25
$-256.8M
$3.1B
Q1 25
$-127.7M
$-754.0M
Q4 24
$83.5M
$3.7B
Q3 24
$-151.0M
$3.0B
Q2 24
$-147.1M
$4.3B
FCF Margin
AN
AN
PM
PM
Q1 26
Q4 25
0.9%
41.2%
Q3 25
1.7%
37.8%
Q2 25
-3.7%
30.1%
Q1 25
-1.9%
-8.1%
Q4 24
1.2%
38.4%
Q3 24
-2.3%
29.9%
Q2 24
-2.3%
45.0%
Capex Intensity
AN
AN
PM
PM
Q1 26
Q4 25
1.2%
4.3%
Q3 25
1.0%
3.4%
Q2 25
1.1%
3.5%
Q1 25
1.1%
4.3%
Q4 24
0.9%
2.9%
Q3 24
1.2%
3.8%
Q2 24
1.4%
3.9%
Cash Conversion
AN
AN
PM
PM
Q1 26
Q4 25
0.87×
2.20×
Q3 25
0.89×
1.28×
Q2 25
-2.06×
1.12×
Q1 25
-0.30×
-0.13×
Q4 24
0.80×
Q3 24
-0.38×
1.08×
Q2 24
-0.46×
1.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AN
AN

New Vehicle$3.4B50%
Transferred At Point In Time$1.7B24%
Parts And Service$1.2B18%
Finance And Insurance Net$369.4M5%
Transferred Over Time$221.4M3%
Other$3.5M0%

PM
PM

Segment breakdown not available.

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