Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11,629 | $13,089 | $12,794 | $13,866 | $14,355 |
| Gross Profit | $4,593 | $5,322 | $5,223 | $5,575 | $5,611 |
| Operating Income | $986 | $1,474 | $1,581 | $1,357 | $1,199 |
| Net Income | $638 | $1,091 | $1,149 | $938 | $693 |
Over the past five years, LKQ Corporation’s revenue has shown a modest upward trend, increasing from about USD 11.63 billion in 2020 to USD 14.36 billion in 2024. The company experienced a strong jump from 2020 to 2021 – revenue grew nearly 12.6% while operating income surged by roughly 50% from USD 986 million to USD 1,474 million. Gross profit followed suit, growing from approximately USD 4.59 billion in 2020 to about USD 5.32 billion in 2021. These robust gains suggest that the company was able to capitalize on favorable market conditions or internal operational improvements during that period. However, after peaking around 2021–2022, some profitability measures weakened, as seen by declines in operating income from USD 1,581 million (2022) to USD 1,199 million (2024) and net income falling from approximately USD 1,149 million (2022) to USD 693 million (2024). This divergence between steadily rising revenue and a contraction in profitability indicates potential margin pressures. While continued revenue growth reflects resilient demand in the automotive aftermarket industry—where LKQ operates as a key provider of alternative and specialty parts—subsequent drops in operating and net income might be attributable to rising operating costs, pricing pressures, or shifts in product mix. Overall, the financial health of LKQ Corporation appears stable in terms of top-line performance; however, the declining profitability metrics in the latter years call for careful monitoring of cost structures and operational efficiencies to ensure long-term sustainability in a competitive and often volatile industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.