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Forensic Analysis · Durable-Goods Wholesale · as of Nov 8, 2026

LKQ Corp (LKQ)

A forensic read on LKQ Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
3.9
Distress distance
Clean
Earnings quality
3
Forensic signals
9.7%
ROE
-1.2%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

LKQ Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by inventory days.

What the filings flag

144d
FY2024→FY2025
Inventory days. Days inventory outstanding moved from 136 to 144 FY2024→FY2025 (against cost of goods sold; inventory +8% vs -1% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
6.3%
FY2025
Return on invested capital. Return on invested capital is 6.3% in the latest fiscal year and slipping across FY2023–FY2025 from 8.7%. After-tax operating profit was $995M in FY2023 and $740M in FY2025, with operating income at 10.0% of revenue in FY2023, 8.3% in FY2024 and 7.3% in FY2025. The capital base behind it went from $11.5B in FY2023 to $11.8B in FY2025 (+3%), while the revenue it carried went from $13.3B to $13.7B.
$52M
FY2025
Goodwill impairments. Took $52M of goodwill writedowns across 1 year (FY2025 ($52M)) — about 9% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$13.65B
Revenue Growth YoY-1.2%
Revenue CAGR (2yr)+1.4%
Net Margin4.5%
Free Cash Flow$847.0M
Return on Equity9.7%
Debt / Equity0.57x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.