GROUP 1 AUTOMOTIVE INCGPI
GROUP 1 AUTOMOTIVE INC Segments Disclosure
SEGMENT INFORMATION
As of December 31, 2025, the Company had two operating and reportable segments: the U.S. and the U.K. The Company defines its segments as those operations whose results the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), regularly reviews to analyze performance and allocate resources to the U.S. and U.K. geographic areas. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. The CODM predominantly uses the metric of income before income taxes in making decisions about the allocation of operating and capital resources to each segment, evaluating annual budget and forecast, as well as determining compensation for certain employees.
The accounting policies of the segments are the same as those described in the Company’s summary of accounting policies. All intercompany balances and transactions have been eliminated in consolidation. Refer to Note 1. Basis of Presentation, Consolidation and Summary of Accounting Policies for further discussion of the Company’s accounting policies.
Selected reportable segment data for continuing operations as follows (in millions):
Year Ended December 31, 2025 | |||||||||||||||||
| U.S. | U.K. | Total | |||||||||||||||
| Total revenues | $ | 16,626.8 | $ | 5,944.6 | $ | 22,571.4 | |||||||||||
| Cost of sales | $ | 13,816.9 | $ | 5,132.7 | $ | 18,949.5 | |||||||||||
| SG&A expenses | $ | 1,864.1 | $ | 681.4 | $ | 2,545.5 | |||||||||||
| Depreciation and amortization expense | $ | 90.7 | $ | 30.4 | $ | 121.1 | |||||||||||
| Asset impairments | $ | 64.6 | $ | 128.2 | $ | 192.8 | |||||||||||
Restructuring charges | $ | — | $ | 28.4 | $ | 28.4 | |||||||||||
| Floorplan interest expense | $ | 74.7 | $ | 26.8 | $ | 101.5 | |||||||||||
| Other interest expense, net | $ | 152.9 | $ | 29.9 | $ | 182.9 | |||||||||||
Other segment items (1) | $ | (0.2) | $ | — | $ | (0.2) | |||||||||||
Income (loss) before income taxes | $ | 563.1 | $ | (113.2) | $ | 449.9 | |||||||||||
| Capital expenditures: | |||||||||||||||||
| Real estate related capital expenditures | $ | 55.7 | $ | — | $ | 55.7 | |||||||||||
| Non-real estate related capital expenditures | 182.4 | 32.0 | 214.3 | ||||||||||||||
| Total capital expenditures | $ | 238.0 | $ | 32.0 | $ | 270.0 | |||||||||||
Year Ended December 31, 2024 | |||||||||||||||||
| U.S. | U.K. | Total | |||||||||||||||
| Total revenues | $ | 15,772.9 | $ | 4,161.5 | $ | 19,934.3 | |||||||||||
| Cost of sales | $ | 13,092.0 | $ | 3,601.3 | $ | 16,693.3 | |||||||||||
| SG&A expenses | $ | 1,704.0 | $ | 475.2 | $ | 2,179.2 | |||||||||||
| Depreciation and amortization expense | $ | 88.2 | $ | 24.9 | $ | 113.1 | |||||||||||
| Asset impairments | $ | 33.0 | $ | — | $ | 33.0 | |||||||||||
| Restructuring charges | $ | — | $ | 16.7 | $ | 16.7 | |||||||||||
Other operating income | $ | (10.0) | $ | — | $ | (10.0) | |||||||||||
| Floorplan interest expense | $ | 88.8 | $ | 19.8 | $ | 108.5 | |||||||||||
| Other interest expense, net | $ | 124.8 | $ | 16.6 | $ | 141.3 | |||||||||||
Other segment items (1) | $ | — | $ | 0.7 | $ | 0.7 | |||||||||||
| Income before income taxes | $ | 652.2 | $ | 6.3 | $ | 658.5 | |||||||||||
| Capital expenditures: | |||||||||||||||||
| Real estate related capital expenditures | $ | 42.8 | $ | 23.1 | $ | 65.9 | |||||||||||
| Non-real estate related capital expenditures | 148.5 | 30.7 | 179.2 | ||||||||||||||
| Total capital expenditures | $ | 191.3 | $ | 53.7 | $ | 245.1 | |||||||||||
Year Ended December 31, 2023 | |||||||||||||||||
| U.S. | U.K. | Total | |||||||||||||||
| Total revenues | $ | 14,814.2 | $ | 3,059.5 | $ | 17,873.7 | |||||||||||
| Cost of sales | $ | 12,204.1 | $ | 2,649.4 | $ | 14,853.4 | |||||||||||
| SG&A expenses | $ | 1,622.9 | $ | 303.9 | $ | 1,926.8 | |||||||||||
| Depreciation and amortization expense | $ | 76.9 | $ | 15.1 | $ | 92.0 | |||||||||||
| Asset impairments | $ | 32.9 | $ | — | $ | 32.9 | |||||||||||
| Floorplan interest expense | $ | 53.5 | $ | 10.6 | $ | 64.1 | |||||||||||
| Other interest expense, net | $ | 91.4 | $ | 8.4 | $ | 99.8 | |||||||||||
Other segment items (1) | $ | 0.4 | $ | 4.1 | $ | 4.5 | |||||||||||
| Income before income taxes | $ | 732.1 | $ | 68.1 | $ | 800.2 | |||||||||||
| Capital expenditures: | |||||||||||||||||
| Real estate related capital expenditures | $ | 41.5 | $ | 4.7 | $ | 46.3 | |||||||||||
| Non-real estate related capital expenditures | 114.6 | 24.5 | 139.2 | ||||||||||||||
| Total capital expenditures | $ | 156.2 | $ | 29.3 | $ | 185.4 | |||||||||||
(1) Other segment items include other expenses, which primarily relate to currency translation.
| December 31, 2025 | ||||||||||||||||||||
| U.S. | U.K. | Total | ||||||||||||||||||
| Property and equipment, net | $ | 2,423.9 | $ | 713.5 | $ | 3,137.4 | ||||||||||||||
Total assets (1) | $ | 8,146.3 | $ | 2,183.0 | $ | 10,329.3 | ||||||||||||||
| December 31, 2024 | ||||||||||||||||||||
| U.S. | U.K. | Total | ||||||||||||||||||
| Property and equipment, net | $ | 2,181.9 | $ | 674.6 | $ | 2,856.5 | ||||||||||||||
Total assets (1) | $ | 7,630.1 | $ | 2,176.6 | $ | 9,806.6 | ||||||||||||||
(1) Total assets for reportable segments exclude the total assets related to discontinued operations. The assets related to discontinued operations were immaterial as of December 31, 2025 and December 31, 2024.
Refer to Note 12. Intangible Franchise Rights and Goodwill for further discussion of the Company’s intangible franchise rights and goodwill by segment.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 13, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 17, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.