MOTORCAR PARTS OF AMERICA INC MPAA
We are a leading supplier of automotive aftermarket non-discretionary replacement parts and test solutions and diagnostic equipment -- building upon industry leading technology to be "The Global Leader for Parts and Solutions that Move Our World Today and Tomorrow". We operate in the $130 billion automotive aftermarket for replacement hard parts in North America. Our hard parts products include light-duty rotating electrical products and brake-related products. In addition, we sell test solutions and diagnostic equipment, which were added with our acquisitions of D&V Electronics Ltd. in July 2017 and Mechanical Power Conversion, LLC in December 2018 and heavy-duty rotating electrical products, which were added with our January 2019 acquisition of Dixie Electric, Ltd.
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 | $789.8M | $757.4M | $717.7M | $683.1M | $650.3M | $540.8M | $535.8M | $472.8M | $427.5M | $422.1M |
| Cost of revenue | $629.9M | $603.5M | $585.1M | $569.1M | $532.4M | $431.3M | $417.4M | $383.6M | $320.5M | $305.2M |
| Gross profit | $159.9M | $153.8M | $132.6M | $114.0M | $117.9M | $109.5M | $118.4M | $89.2M | $107.0M | $116.9M |
| R&D | $14.2M | $11.4M | $10.0M | $10.3M | $10.5M | $8.6M | $9.2M | $8.0M | $5.7M | $3.8M |
| SG&A | $63.3M | $64.0M | $57.8M | $54.8M | $57.5M | $53.8M | $53.2M | $45.0M | $35.5M | $31.1M |
| Total operating expenses | $94.1M | $113.9M | $86.4M | $77.5M | $89.2M | $62.8M | $101.7M | $73.5M | $56.2M | $47.1M |
| Operating income | $65.8M | $39.9M | $46.1M | $36.4M | $28.7M | $46.6M | $16.7M | $15.6M | $50.8M | $69.8M |
| Interest expense | $46.7M | $55.5M | $60.0M | — | — | — | — | — | — | — |
| Pre-tax income | $20.3M | -$15.7M | -$13.1M | -$3.1M | $13.1M | $30.9M | -$8.3M | -$7.6M | $35.4M | $56.7M |
| Income tax | $7.9M | $3.8M | $36.2M | $1.1M | $5.8M | $9.4M | $1.0M | $268.0K | $16.1M | $18.0M |
| Net income | $12.0M | -$19.0M | -$49.0M | -$4.0M | $7.0M | $21.5M | -$7.3M | -$7.8M | $19.3M | $38.7M |
| EPS, basic | 0.64 | -0.99 | -2.51 | -0.22 | 0.38 | 1.13 | -0.39 | -0.42 | 1.02 | 2.08 |
| EPS, diluted | 0.62 | -0.99 | -2.51 | -0.22 | 0.38 | 1.11 | -0.39 | -0.42 | 0.99 | 1.99 |
| Shares, diluted (wtd. avg.) | $20.0M | $19.7M | $19.6M | $19.3M | $19.6M | $19.4M | $18.9M | $18.8M | $19.5M | $19.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.7M | $9.4M | $14.0M | $11.6M | $23.0M | $15.5M | $49.6M | $9.9M | $13.0M | $9.0M |
| Short-term investments | $2.0M | $1.9M | $1.8M | $2.0M | $2.2M | $1.7M | $850.0K | $3.3M | $2.8M | $2.1M |
| Receivables | $112.6M | $91.1M | $96.3M | $119.9M | $85.1M | $63.1M | $91.7M | $56.0M | $63.2M | $26.0M |
| Inventory | $380.6M | $341.2M | $377.0M | $339.7M | $370.5M | $288.4M | $225.7M | $233.7M | $161.2M | — |
| Total current assets | $584.0M | $511.5M | $560.5M | $537.5M | $537.0M | $422.9M | $409.1M | $352.9M | $287.6M | $122.1M |
| Property, plant and equipment | $30.7M | $32.0M | $38.3M | $46.1M | $51.1M | $53.9M | $45.0M | $35.2M | $28.3M | $18.4M |
| Goodwill | $3.2M | $3.2M | $3.2M | $3.2M | $3.2M | $3.2M | $3.2M | $3.2M | $2.6M | $2.6M |
| Other intangibles | $235.0K | $552.0K | $1.1M | $2.1M | $3.8M | $5.3M | $6.4M | $8.4M | $3.8M | $4.0M |
| Total assets | $1.02B | $957.6M | $1.01B | $1.03B | $1.02B | $847.9M | $777.0M | $632.4M | $552.4M | $436.1M |
| Accounts payable | $167.2M | $141.9M | $155.0M | $119.4M | $147.5M | $129.3M | $78.7M | $92.5M | $73.3M | $86.0M |
| Short-term debt | — | — | — | — | — | — | — | — | $3.1M | $3.1M |
| Total current liabilities | $399.6M | $351.0M | $404.4M | $382.6M | $426.4M | $326.1M | $318.5M | $279.4M | $197.3M | $142.8M |
| Long-term debt | — | — | — | — | — | — | — | — | $13.9M | $16.9M |
| Total liabilities | $753.4M | $699.9M | $726.9M | $708.1M | $700.4M | $546.7M | $501.5M | $352.6M | $265.5M | $187.5M |
| Retained earnings | $32.4M | $20.0M | $39.5M | $88.7M | $93.0M | $85.6M | $64.1M | $71.4M | $78.5M | $50.3M |
| Total equity | $266.0M | $257.7M | $285.1M | $320.5M | $315.3M | $301.1M | $275.5M | $279.8M | $286.9M | $257.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.2M | $45.5M | $39.2M | -$21.8M | -$44.9M | $56.1M | $18.8M | -$40.3M | -$13.9M | -$5.3M |
| Depreciation and amortisation | $9.5M | $9.9M | $10.5M | $11.0M | $11.3M | $9.6M | $7.8M | $6.1M | $3.8M | $3.1M |
| Stock-based compensation | $5.6M | $3.9M | $4.7M | $4.7M | $7.3M | $5.2M | $4.1M | $5.6M | $3.8M | $3.4M |
| Capital expenditure | $3.7M | $4.6M | $1.0M | $4.2M | $7.5M | $13.9M | $14.2M | $11.1M | $9.9M | $4.9M |
| Investing cash flow | -$3.6M | -$4.5M | -$479.0K | -$4.2M | -$7.9M | -$14.2M | -$11.6M | -$22.6M | -$15.3M | -$5.7M |
| Financing cash flow | -$11.0M | -$44.7M | -$36.4M | $14.3M | $60.2M | -$76.6M | $32.2M | $59.9M | $33.1M | -$1.8M |
| Buybacks | $11.4M | $4.8M | $0 | $0 | $1.9M | $1.1M | $0 | $4.1M | $9.3M | $2.0M |
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 0001140361-26-030040.
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