OPENLANE, Inc. (OPLN) intrinsic value & 10-year financials
OPENLANE, Inc. (OPLN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 5.3% a year to $1.9B, with an average return on invested capital of 7.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $37.03
- Market cap
- $4.0B
- Revenue (FY2025)
- $1.9B
- Revenue growth (10-yr CAGR)
- -5.3%
- ROIC (10-yr avg)
- 7.3%
- Free cash flow (FY2025)
- $336.5M
OPLN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | $177.7M | -$0.96 | $336.5M | 10.2% | 11.5% |
| FY2024 | $1.8B | $109.9M | $0.45 | $239.8M | 10.2% | 8.1% |
| FY2023 | $1.6B | -$154.1M | -$1.82 | $185.0M | -0.3% | -0.3% |
| FY2022 | $1.5B | $241.2M | $1.30 | -$56.8M | 11.4% | 6.2% |
| FY2021 | $2.3B | $66.5M | $0.16 | $304.7M | 9.4% | 4.2% |
| FY2020 | $2.2B | $500.0K | -$0.16 | $283.0M | 6.2% | 2.1% |
| FY2019 | $2.8B | $188.5M | $1.42 | $219.2M | 11.3% | 7.3% |
| FY2018 | $3.8B | $328.0M | $2.42 | $551.8M | 16.6% | 12.3% |
| FY2017 | $3.5B | $362.0M | $2.62 | $436.6M | 16.4% | 13.7% |
| FY2016 | $3.2B | $222.4M | $1.60 | $205.7M | 15.8% | 8.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OPENLANE, Inc. is facing top-line stagnation, with revenue contracting over the decade.
OPENLANE, Inc. has historically struggled to out-earn its cost of capital, averaging just 7.4% ROIC.
Over the decade, OPENLANE, Inc. shows that management has aggressively returned capital to shareholders by retiring 23.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, OPENLANE, Inc. is modeled at -5.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.79 per share.