Driven Brands Holdings Inc. (DRVN)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$1.9B

Revenue growth

7.6%

Net income, last twelve months

$191.5M

Earnings per share

$1.04

Operating margin

14.0%

Net margin

9.9%

Free cash flow

$131.8M

Return on equity

23.0%

Market value

$2.0B

Price to earnings

11.4x

Cash

$183.9M

Debt

$1.7B

Debt to equity

2.02

Shares outstanding

165.0M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of fiscal 2026 results, filed 6 August 2026.

• Revenue rose to $507.4 million. Revenue was $507.4 million, against $475.2 million a year earlier. Operating income was $73.1 million, against $47.0 million.
• Net income from continuing operations increased. Net income from continuing operations was $37.3 million, or $0.23 per diluted share, against $16.4 million, or $0.10. Adjusted net income was $48.2 million, or $0.29, against $48.9 million, or $0.30.
• Lower SG&A and interest expense. Selling, general and administrative expenses were $129.7 million, against $150.5 million. Interest expense, net was $20.8 million, against $31.1 million.
• Take 5 Adjusted EBITDA increased. Take 5 Adjusted EBITDA was $114.9 million, against $106.5 million a year earlier. Revenue for the segment was $334.8 million.
• Franchise Brands Adjusted EBITDA eased. Franchise Brands Adjusted EBITDA was $41.2 million, against $43.5 million a year earlier. Revenue for the segment was $69.6 million.
• Auto Glass Now Adjusted EBITDA fell. Auto Glass Now Adjusted EBITDA was $3.5 million, against $10.1 million a year earlier. Revenue for the segment was $72.9 million.
• Corporate and Other loss larger. The Corporate and Other Adjusted EBITDA loss was $52.5 million, against a loss of $45.2 million a year earlier.
• Adjusted EBITDA down 7%. Adjusted EBITDA was $107.0 million, a 7% decrease from $115.0 million a year earlier. The quarter included restatement-related costs.
• Six-month restatement costs reported. Restatement-related non-recurring costs included in Adjusted EBITDA totalled $20.9 million for the six months ended June 27, 2026.
• Company-operated store sales rose. Company-operated store sales were $352.6 million, against $333.3 million a year earlier. Company-operated store expenses were $208.6 million, against $192.3 million.
• Net leverage at 3.1x. Net leverage was 3.1x Adjusted EBITDA, down from 3.2x at the first quarter end. Total liquidity was $855 million, including $184 million of cash and cash equivalents.
• Operating cash flow lower year to date. Cash provided by operating activities was $132.9 million for the six months, against $150.6 million a year earlier. Capital expenditures were $80.9 million, against $124.6 million.
• Sale proceeds and debt repayments. Proceeds from the sale or disposal of businesses and fixed assets were $484.2 million for the six months. Repayments of long-term debt were $340.3 million.
• Total debt reduced from year-end. Total debt, including the current portion, was $1.69 billion at June 27, 2026, against $2.16 billion at December 27, 2025.

Revenue by segment

As the company reports it in the segment note of its annual report.

By product, FY2025

By region, FY2025

Company events

The newest 8-K filings of 76 held.

Every filing

The newest filings with the SEC of 163 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

225 funds held it at 30 Jun 2026: 101 added and 51 trimmed in the quarter. The largest:

What the company does

Driven Brands is an automotive services company that calls itself the largest in North America. It has over 4,200 locations across 49 states in the United States and Canada, of which 3,216 are franchised and 1,036 are company-operated. Its services cover oil changes, maintenance and repair, paint, collision and glass. Its brands include Take 5 Oil Change, Meineke Car Care Center, MAACO, CARSTAR, AutoGlassNow and 1-800-Radiator & A/C. Its network serves retail, commercial and insurance customers.

How the business is organised

The company reports three segments: Take 5, Franchise Brands and Auto Glass Now. It reorganised its segments twice during the year. The second change followed the announced sale of its International Car Wash business. The U.S. Car Wash business was sold in April 2025 and International Car Wash in January 2026. Both are reported as discontinued operations, so the segments above cover what remains.

What each segment does

Take 5 is mainly Take 5 Oil Change, founded in 1984, with 1,342 locations at 27 December 2025. Of these, 530 are franchised and 812 are company-operated. It offers a stay-in-your-car oil change and some add-on services such as differential fluid exchanges, coolant services and air and cabin filters. The company describes a compact store layout and a shallow pit design.

Franchise Brands has 2,699 locations. It includes: - Meineke, founded in 1972, with 780 franchised locations offering maintenance and repair, including brakes, heating and cooling, exhaust and tires. - Collision repair under CARSTAR, ABRA and Fix Auto, with 1,077 locations that are almost exclusively franchised. - Maaco, founded in 1972, with 370 franchised paint and refinishing locations. - Uniban, a Canadian glass business with 271 locations, 96% of them franchised. - 1-800 Radiator, with 201 locations that are almost exclusively franchised. It distributes radiators, air conditioning components and exhaust products to repair shops, parts stores and body shops. - Automotive Training Institute, which sells multi-year training packages to independent shops, typically as a monthly subscription.

Auto Glass Now provides glass replacement, repair and calibration in the United States through 211 locations and hundreds of mobile vans. The company bought the business in December 2021 and added 11 more auto glass repair businesses in 2022 and 2023.

How it earns money

Company-operated store sales make up 69.5%, supply and other revenue 14.4%, franchise royalties and fees 10.2%, and advertising fund contributions 5.8%.

Franchisees generally pay a lump sum initial license fee and ongoing royalties, typically a percentage of gross sales. Some also contribute to marketing funds. Initial terms generally run 5 to 20 years, with an option to renew. All new store sites need the company's approval. Franchise agreements can require franchisees to follow standard operating methods and to buy specified products from the company, its affiliates or designated vendors. The company does not control the day-to-day operations of franchisees, such as hiring and training.

The company also provides shared services to its network. These include consumer insights, procurement savings, commercial fleet, training, development, finance and technology. It says it can often supply its network with lower-cost supplies than members could buy alone.

Who it sells to

Customers are retail drivers, commercial customers such as fleet operators, and insurance carriers. For commercial and insurance customers the company offers a one-stop service across its brands, with centralised billing. It also provides claims management services, including glass claims for insurance carriers. Maaco serves retail customers who prefer not to file an insurance claim.

How it competes

The industry is highly fragmented. Competitors include repair and maintenance shops, oil change shops, collision and glass shops, car dealerships, and parts suppliers such as online retailers and wholesale distributors. The company says most competitors offer services within one of its categories and few offer several. It names the core competitive factors as scale, geographic reach, brand awareness, service pricing, speed and quality, and customer satisfaction. It also competes with other franchisors for franchisees, based on expected return on investment.

Weather affects demand. Customers may defer oil changes in bad weather and buy fewer undercar services in winter.

Its people and rules

At 27 December 2025 the company employed approximately 7,100 full-time employees, about 6,500 of them at company-operated locations. None are covered by a collective bargaining agreement. Employees of franchisees are not Driven Brands employees.

The company is subject to federal, state, local and provincial laws on consumer protection, licensing, environmental protection, data privacy and employment. As a franchisor it follows Federal Trade Commission disclosure rules. Fourteen states require franchise registration, and over twenty states and U.S. territories have franchise relationship laws. Most Canadian provinces require pre-sale disclosure.

*From Driven Brands's annual report on Form 10-K for the year ended 27 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1804745/000180474526000048/drvn-20251227.htm)*

From the company's 10-K.