Aptiv PLC APTV
In December 2024, Old Aptiv (as defined below), a public limited company formed under the laws of Jersey on May 19, 2011, completed its previously announced reorganization transaction (the "Transaction," or the "reorganization transaction"), in which Old Aptiv established a new publicly-listed Jersey parent company, Aptiv Holdings Limited ("New Aptiv"), which is resident for tax purposes in Switzerland. As a result of the Transaction, all issued and outstanding ordinary shares of Old Aptiv were exchanged on a one-for-one basis for newly issued ordinary shares of New Aptiv. Following consummation of the Transaction, holders of Old Aptiv shares became ordinary shareholders of New Aptiv, Old Aptiv became a wholly-owned subsidiary of New Aptiv and New Aptiv was renamed "Aptiv PLC." The previous publicly-listed Jersey parent company, which was an Irish tax resident, is referred to as "Old Aptiv" throughout this Annual Report on Form 10-K. New Aptiv's ordinary shares are publicly traded on the New York Stock Exchange ("NYSE") under the symbol "APTV," the same symbol under which the Old Aptiv shares were previously listed. Aptiv PLC remains a public limited company incorporated under the laws of Jersey, and continues to be subject to U.S. Securities and Exchange Commission reporting requirements.
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 | $20.40B | $19.71B | $20.05B | $17.49B | $15.62B | $13.07B | $14.36B | $14.44B | $12.88B | $12.27B |
| Cost of revenue | $16.50B | $16.00B | $16.61B | $14.85B | $13.18B | $11.13B | $11.71B | $11.71B | $10.27B | $9.53B |
| Gross profit | $3.90B | $3.71B | $3.44B | $2.63B | $2.44B | $1.94B | $2.65B | $2.73B | $2.61B | $2.75B |
| R&D | $1.13B | $1.10B | $1.29B | $1.12B | $1.03B | $1.02B | $1.17B | $1.16B | $882.0M | $800.0M |
| SG&A | $1.67B | $1.47B | $1.44B | $1.14B | $1.07B | $976.0M | $1.08B | $993.0M | $952.0M | $924.0M |
| Total operating expenses | $19.21B | $17.87B | $18.49B | $16.23B | $14.43B | $10.95B | $13.08B | $12.96B | $11.47B | $10.73B |
| Operating income | $1.18B | $1.84B | $1.56B | $1.26B | $1.19B | $2.12B | $1.28B | $1.47B | $1.42B | $1.54B |
| Interest expense | $361.0M | $337.0M | $285.0M | $219.0M | $150.0M | $164.0M | $164.0M | $141.0M | $140.0M | $155.0M |
| Pre-tax income | $919.0M | $2.15B | $1.34B | $990.0M | $910.0M | $1.95B | $1.13B | $1.33B | $1.25B | $1.00B |
| Income tax | $700.0M | $223.0M | $1.93B | $121.0M | $101.0M | $49.0M | $132.0M | $250.0M | $223.0M | $167.0M |
| Net income | $165.0M | $1.79B | $2.94B | $594.0M | $590.0M | $1.80B | $990.0M | $1.07B | $1.35B | $1.26B |
| EPS, basic | 0.75 | 6.97 | 10.50 | 1.96 | 1.95 | 6.72 | 3.85 | 4.04 | 5.07 | 4.60 |
| EPS, diluted | 0.75 | 6.96 | 10.39 | 1.96 | 1.94 | 6.66 | 3.85 | 4.02 | 5.06 | 4.59 |
| Shares, diluted (wtd. avg.) | $220.8M | $256.7M | $282.9M | $271.2M | $271.2M | $270.7M | $257.4M | $265.2M | $268.0M | $273.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.85B | $1.57B | $1.64B | $1.53B | $3.14B | $2.85B | $412.0M | $567.0M | $1.60B | $738.0M |
| Receivables | $3.48B | $3.26B | $3.55B | $3.43B | $2.78B | $2.81B | $2.57B | $2.49B | $2.44B | $2.13B |
| Inventory | $2.56B | $2.32B | $2.37B | $2.34B | $2.01B | $1.30B | $1.29B | $1.28B | $1.08B | $859.0M |
| Total current assets | $8.74B | $7.83B | $8.25B | $7.78B | $8.44B | $7.46B | $5.32B | $4.78B | $5.64B | $5.42B |
| Property, plant and equipment | $3.77B | $3.70B | $3.79B | $3.50B | $3.29B | $3.30B | $3.31B | $3.18B | $2.80B | $2.33B |
| Goodwill | $4.60B | $5.02B | $5.15B | $5.11B | $2.51B | $2.58B | $2.41B | $2.52B | $1.94B | $1.50B |
| Other intangibles | $2.00B | $2.14B | $2.40B | $2.58B | $964.0M | $1.09B | $1.19B | $1.38B | $1.22B | $1.15B |
| Total assets | $23.41B | $23.46B | $24.43B | $21.88B | $18.01B | $17.52B | $13.46B | $12.48B | $12.17B | $12.29B |
| Accounts payable | $3.16B | $2.87B | $3.15B | $3.15B | $2.95B | $2.57B | $2.46B | $2.33B | $2.23B | $1.82B |
| Short-term debt | $81.0M | $509.0M | $9.0M | $31.0M | $8.0M | $90.0M | $393.0M | $306.0M | $17.0M | $10.0M |
| Total current liabilities | $5.04B | $5.13B | $4.81B | $4.87B | $4.21B | $4.05B | $4.05B | $3.69B | $3.54B | $4.15B |
| Long-term debt | $7.47B | $7.84B | $6.20B | $6.46B | $4.06B | $4.01B | $3.97B | $4.04B | $4.13B | $3.95B |
| Total liabilities | $13.91B | $14.37B | $12.58B | $12.79B | $9.45B | $9.42B | $9.45B | $8.81B | $8.65B | $9.53B |
| Retained earnings | $6.23B | $7.00B | $8.16B | $5.61B | $5.08B | $4.55B | $2.89B | $2.51B | $2.12B | $1.98B |
| Total equity | $9.21B | $8.80B | $11.74B | $9.00B | $8.56B | $8.10B | $4.01B | $3.67B | $3.52B | $2.76B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.19B | $2.45B | $1.90B | $1.26B | $1.22B | $1.41B | $1.62B | $1.63B | $1.47B | $1.94B |
| Depreciation and amortisation | $783.0M | $753.0M | $679.0M | $613.0M | $625.0M | $620.0M | $571.0M | $522.0M | $429.0M | $372.0M |
| Stock-based compensation | $139.0M | $120.0M | $115.0M | $86.0M | $87.0M | $60.0M | $66.0M | $58.0M | $62.0M | $62.0M |
| Capital expenditure | $656.0M | $830.0M | $906.0M | $844.0M | $611.0M | $584.0M | $781.0M | $846.0M | $698.0M | $657.0M |
| Investing cash flow | -$498.0M | -$507.0M | -$1.00B | -$5.18B | -$729.0M | -$626.0M | -$1.11B | -$2.05B | -$1.25B | -$578.0M |
| Financing cash flow | -$1.44B | -$1.97B | -$807.0M | $2.36B | -$191.0M | $1.61B | -$649.0M | -$555.0M | $456.0M | -$1.08B |
| Dividends paid | — | — | — | $0 | $0 | $56.0M | $0 | $233.0M | $310.0M | $317.0M |
| Buybacks | $397.0M | $4.10B | $398.0M | $0 | $0 | $57.0M | $420.0M | $499.0M | $383.0M | $634.0M |
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 0001521332-26-000009.
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% |
| 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% |
| ATMU | Atmus Filtration Technologies Inc. | $3.94B | 19.3x | 5.7% |