Adient plc ADNT
Adient plc ("Adient") is a global leader in the automotive seating supply industry with leading market positions in the Americas, Europe and Asia and maintains longstanding relationships with the largest global automotive original equipment manufacturers ("OEMs"). Adient's proprietary technologies extend into virtually every area of automotive seating solutions, including complete seating systems, frames, mechanisms, foam, head restraints, armrests and trim covers. Adient is a global seat supplier with the capability to design, develop, engineer, manufacture, and deliver complete seat systems and components in every major automotive producing region in the world.
Adient designs, manufactures and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. Adient operates approximately 200 wholly- and majority-owned manufacturing, assembly or sequencing facilities, with operations in 29 countries. Additionally, Adient has partially-owned affiliates in China, Asia, Europe and North America. Through its global footprint and vertical integration, Adient leverages its capabilities to drive growth in the automotive seating industry.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.54B | $14.69B | $15.39B | $14.12B | $13.68B | $12.67B | $16.53B | $17.44B | $16.21B | $16.79B |
| Cost of revenue | $13.57B | $13.76B | $14.36B | $13.31B | $12.85B | $12.08B | $15.72B | $16.54B | $14.82B | $15.18B |
| Gross profit | $961.0M | $928.0M | $1.03B | $807.0M | $826.0M | $592.0M | $801.0M | $904.0M | $1.40B | $1.61B |
| R&D | $387.0M | $372.0M | $362.0M | $322.0M | $316.0M | $370.0M | $454.0M | $513.0M | $488.0M | $460.0M |
| SG&A | $522.0M | $507.0M | $554.0M | $598.0M | $537.0M | $558.0M | $671.0M | $730.0M | $729.0M | $1.22B |
| Interest expense | $193.0M | $189.0M | $195.0M | $215.0M | $311.0M | $220.0M | $182.0M | $144.0M | $132.0M | $22.0M |
| Pre-tax income | -$88.0M | $133.0M | $295.0M | $54.0M | $1.44B | -$429.0M | $2.0M | -$1.12B | $1.06B | $377.0M |
| Income tax | $103.0M | $32.0M | $0 | $94.0M | $249.0M | $57.0M | $410.0M | $480.0M | $99.0M | $1.84B |
| Net income | -$281.0M | $18.0M | $205.0M | -$120.0M | $1.11B | -$547.0M | -$491.0M | -$1.69B | $877.0M | -$1.55B |
| EPS, basic | -3.39 | 0.20 | 2.17 | -1.27 | 11.76 | -5.83 | -5.25 | -18.06 | 9.38 | -16.50 |
| EPS, diluted | -3.39 | 0.20 | 2.15 | -1.27 | 11.58 | -5.83 | -5.25 | -18.06 | 9.34 | -16.50 |
| Shares, diluted (wtd. avg.) | $83.0M | $90.1M | $95.4M | $94.8M | $95.7M | $93.8M | $93.6M | $93.3M | $93.9M | $93.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $958.0M | $945.0M | $1.11B | $947.0M | $1.52B | $1.69B | $924.0M | $687.0M | $709.0M | $105.0M |
| Inventory | $695.0M | $758.0M | $841.0M | $953.0M | $976.0M | $685.0M | $793.0M | $824.0M | $735.0M | $660.0M |
| Total current assets | $4.13B | $4.09B | $4.32B | $4.16B | $5.09B | $4.48B | $4.12B | $4.31B | $4.50B | $5.69B |
| Property, plant and equipment | $1.41B | $1.41B | $1.38B | $1.38B | $1.61B | $1.58B | $1.67B | $1.68B | $2.50B | $2.19B |
| Goodwill | $1.81B | $2.16B | $2.09B | $2.06B | $2.21B | $2.06B | $2.15B | $2.18B | $2.52B | $2.18B |
| Other intangibles | $319.0M | $371.0M | $408.0M | $467.0M | $555.0M | $443.0M | $405.0M | $460.0M | $543.0M | $113.0M |
| Total assets | $8.95B | $9.35B | $9.42B | $9.16B | $10.78B | $10.26B | $10.34B | $10.94B | $13.17B | $12.96B |
| Accounts payable | $2.55B | $2.55B | $2.53B | $2.48B | $2.13B | $2.18B | $2.71B | $3.10B | $2.96B | $2.78B |
| Short-term debt | $2.0M | $1.0M | $2.0M | $3.0M | $17.0M | $202.0M | $22.0M | $6.0M | $36.0M | $41.0M |
| Total current liabilities | $3.69B | $3.68B | $3.74B | $3.50B | $3.51B | $3.82B | $3.83B | $4.19B | $4.33B | $4.26B |
| Retained earnings | -$1.17B | -$885.0M | -$903.0M | -$1.11B | -$988.0M | -$2.10B | -$1.54B | -$1.03B | $734.0M | $0 |
| Total equity | $1.77B | $2.13B | $2.55B | $2.38B | $2.72B | $1.53B | $2.19B | $2.72B | $4.59B | $4.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $449.0M | $543.0M | $667.0M | $274.0M | $260.0M | $246.0M | $308.0M | $679.0M | $746.0M | -$1.03B |
| Depreciation and amortisation | $279.0M | $285.0M | $290.0M | $298.0M | $285.0M | $295.0M | $278.0M | $400.0M | $337.0M | $327.0M |
| Stock-based compensation | $32.0M | $31.0M | $34.0M | $29.0M | $36.0M | $15.0M | $20.0M | $47.0M | $45.0M | $28.0M |
| Capital expenditure | $245.0M | $266.0M | $252.0M | $227.0M | $260.0M | $326.0M | $468.0M | $536.0M | $577.0M | $437.0M |
| Investing cash flow | -$186.0M | -$253.0M | -$229.0M | $484.0M | $347.0M | $166.0M | -$383.0M | -$487.0M | -$795.0M | -$425.0M |
| Financing cash flow | -$267.0M | -$502.0M | -$271.0M | -$1.27B | -$770.0M | $393.0M | $303.0M | -$213.0M | $627.0M | $1.52B |
| Dividends paid | — | — | — | — | $0 | $0 | $26.0M | $103.0M | $52.0M | $0 |
| Buybacks | $125.0M | $275.0M | $65.0M | $0 | $0 | — | $0 | $0 | $40.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001670541-25-000152.
Others in SIC 3714
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BWA | BORGWARNER INC | $13.76B | 52.8x | 1.6% |
| ALSN | Allison Transmission Holdings Inc | $10.84B | 17.9x | -6.7% |
| MOD | MODINE MANUFACTURING CO | $10.34B | 86.1x | 23.1% |
| APTV | Aptiv PLC | $9.96B | 63.9x | 3.5% |
| ALV | AUTOLIV INC | $9.17B | 13.1x | 4.1% |
| LEA | LEAR CORP | $6.64B | 16.5x | -0.2% |
| GTX | Garrett Motion Inc. | $5.24B | 18.4x | 3.1% |
| GNTX | GENTEX CORP | $4.88B | 13.3x | 9.6% |