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Side-by-side financial comparison of PENSKE AUTOMOTIVE GROUP, INC. (PAG) and TIGO ENERGY, INC. (TYGO). Click either name above to swap in a different company.

TIGO ENERGY, INC. is the larger business by last-quarter revenue ($9.2B vs $8.0B, roughly 1.2× PENSKE AUTOMOTIVE GROUP, INC.).

Penske Automotive Group, Inc. (PAG) is an American transportation services company headquartered in Bloomfield Hills, Michigan. It operates automotive and commercial truck dealers principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, engines, power systems, and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 400,000 trucks, ...

Tigo Energy is an American private corporation, headquartered in Los Gatos, California, United States. It provides products, technologies, software, and services to installers, distributors, and original equipment manufacturers within the photovoltaic industry. It specializes in module-level power optimizers and smart module power electronics.

PAG vs TYGO — Head-to-Head

Bigger by revenue
TYGO
TYGO
1.2× larger
TYGO
$9.2B
$8.0B
PAG

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
PAG
PAG
TYGO
TYGO
Revenue
$8.0B
$9.2B
Net Profit
$234.9M
Gross Margin
16.3%
0.0%
Operating Margin
3.6%
Net Margin
3.0%
Revenue YoY
-1.1%
Net Profit YoY
-9.1%
-1736.1%
EPS (diluted)

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
PAG
PAG
TYGO
TYGO
Q1 26
$8.0B
Q4 25
$8.8B
Q3 25
$7.7B
Q2 25
$7.7B
Q1 25
$7.6B
Q4 24
$7.7B
Q3 24
$7.6B
Q2 24
$7.7B
Net Profit
PAG
PAG
TYGO
TYGO
Q1 26
$234.9M
Q4 25
$228.1M
Q3 25
$213.0M
Q2 25
$250.0M
Q1 25
$244.3M
Q4 24
$236.4M
Q3 24
$226.1M
Q2 24
$241.2M
Gross Margin
PAG
PAG
TYGO
TYGO
Q1 26
16.3%
Q4 25
15.9%
Q3 25
16.2%
Q2 25
16.9%
Q1 25
16.7%
Q4 24
16.3%
Q3 24
16.4%
Q2 24
16.4%
Operating Margin
PAG
PAG
TYGO
TYGO
Q1 26
3.6%
Q4 25
3.6%
Q3 25
3.9%
Q2 25
4.5%
Q1 25
4.1%
Q4 24
4.3%
Q3 24
4.2%
Q2 24
4.4%
Net Margin
PAG
PAG
TYGO
TYGO
Q1 26
3.0%
Q4 25
2.6%
Q3 25
2.8%
Q2 25
3.3%
Q1 25
3.2%
Q4 24
3.1%
Q3 24
3.0%
Q2 24
3.1%
EPS (diluted)
PAG
PAG
TYGO
TYGO
Q1 26
Q4 25
$3.46
Q3 25
$3.23
Q2 25
$3.78
Q1 25
$3.66
Q4 24
$3.53
Q3 24
$3.39
Q2 24
$3.61

Balance Sheet & Financial Strength

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

Metric
PAG
PAG
TYGO
TYGO
Cash + ST InvestmentsLiquidity on hand
$83.7M
$31.2M
Total DebtLower is stronger
$2.2B
$50.0M
Stockholders' EquityBook value
$5.7B
$62.8M
Total Assets
$18.3B
$127.8M
Debt / EquityLower = less leverage
0.39×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAG
PAG
TYGO
TYGO
Q1 26
$83.7M
Q4 25
$64.7M
Q3 25
$80.3M
Q2 25
$155.3M
Q1 25
$118.4M
Q4 24
$72.4M
Q3 24
$91.9M
Q2 24
$115.1M
Total Debt
PAG
PAG
TYGO
TYGO
Q1 26
$2.2B
Q4 25
$2.2B
Q3 25
$1.6B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Stockholders' Equity
PAG
PAG
TYGO
TYGO
Q1 26
$5.7B
Q4 25
$5.6B
Q3 25
$5.7B
Q2 25
$5.6B
Q1 25
$5.4B
Q4 24
$5.2B
Q3 24
$5.2B
Q2 24
$5.0B
Total Assets
PAG
PAG
TYGO
TYGO
Q1 26
$18.3B
Q4 25
$17.6B
Q3 25
$17.1B
Q2 25
$17.4B
Q1 25
$16.9B
Q4 24
$16.7B
Q3 24
$17.1B
Q2 24
$16.6B
Debt / Equity
PAG
PAG
TYGO
TYGO
Q1 26
0.39×
Q4 25
0.39×
Q3 25
0.28×
Q2 25
0.32×
Q1 25
0.33×
Q4 24
0.36×
Q3 24
0.36×
Q2 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
PAG
PAG
TYGO
TYGO
Operating Cash FlowLast quarter
$-37.2M
Free Cash FlowOCF − Capex
$-39.3M
FCF MarginFCF / Revenue
-0.4%
Capex IntensityCapex / Revenue
0.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-70.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAG
PAG
TYGO
TYGO
Q1 26
Q4 25
$123.2M
Q3 25
$379.5M
Q2 25
$189.7M
Q1 25
$282.7M
Q4 24
$217.7M
Q3 24
$271.0M
Q2 24
$235.1M
Free Cash Flow
PAG
PAG
TYGO
TYGO
Q1 26
Q4 25
$25.1M
Q3 25
$300.4M
Q2 25
$118.9M
Q1 25
$206.1M
Q4 24
$131.6M
Q3 24
$190.1M
Q2 24
$135.9M
FCF Margin
PAG
PAG
TYGO
TYGO
Q1 26
Q4 25
0.3%
Q3 25
3.9%
Q2 25
1.6%
Q1 25
2.7%
Q4 24
1.7%
Q3 24
2.5%
Q2 24
1.8%
Capex Intensity
PAG
PAG
TYGO
TYGO
Q1 26
0.8%
Q4 25
1.1%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.0%
Q4 24
1.1%
Q3 24
1.1%
Q2 24
1.3%
Cash Conversion
PAG
PAG
TYGO
TYGO
Q1 26
Q4 25
0.54×
Q3 25
1.78×
Q2 25
0.76×
Q1 25
1.16×
Q4 24
0.92×
Q3 24
1.20×
Q2 24
0.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAG
PAG

New Vehicles$3.1B39%
Used Vehicles$2.4B31%
Other$986.7M12%
Service and Parts$863.9M11%
Fleet and Wholesale$390.8M5%
Finance and Insurance, Net$202.3M3%

TYGO
TYGO

Segment breakdown not available.

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