PHINNYSEMotor Vehicle Parts & AccessoriesFiscal year ends December 31
PHINIA INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$56.74−1.16 (-2.00%)
Close on Oct 19, 2026
- Market cap
- $2.16B
- P/E (TTM)
- 16.3
- Dividend yield
- 1.90%
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
21.9%
Operating margin
7.3%
Net margin
3.7%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.4% | +1.3% | – | – | |
| Gross profit | +0.8% | +1.9% | – | – | |
| Operating income | -1.9% | -7.2% | – | – | |
| Net income | +64.6% | -20.8% | – | – | |
| EPS, diluted | +84.1% | -16.5% | – | – | |
| Free cash flow | -7.4% | -1.4% | – | – | |
| Dividend per share | +8.0% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 8.2% | |
| Return on assets | – | – | 3.4% | |
| Current ratio | – | – | 1.86 | |
| Debt to equity | – | – | 0.61 | |
| Net debt to EBITDA | – | – | 1.49× | |
| Inventory turnover | – | – | 5.9× | |
| Capex to revenue | – | – | 3.6% | |
| Diluted shares | – | – | 40M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Phinia generated $1.32B from operations and spent $765.00M on capital expenditure, dividends and share buybacks. 83% of that went back into the business.
Generated
$1.32B
Used
$765.00M
Capital expenditure$632.00M83%Dividends$109.00M14%Share buybacks$24.00M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.7%
×Asset turnover0.92×
×Equity multiplier2.40×
=Return on equity, FY20258.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.7% | 0.92× | 2.40× | 8.2% |
| FY2024 | 2.3% | 0.87× | 2.26× | 4.6% |
| FY2023 | 2.9% | 0.86× | 2.30× | 5.8% |
| FY2022 | 7.8% | 0.81× | 2.46× | 15.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$130.00M
- Cash generatingOperating cash flow above zero$312.00M
- Return on assets improvedROA up on the prior year2.0% → 3.5%
- Earnings backed by cashOperating cash flow above net income$312.00M vs $130.00M
- Less leverageLong-term debt to assets fell25.6% → 25.3%
- Better liquidityCurrent ratio rose1.90 → 1.86
- No dilutionShare count did not rise45M → 40M
- Gross margin improvedGross margin up on the prior year22.22% → 21.88%
- More efficientAsset turnover rose0.84 → 0.92