PHINIA INC. PHIN

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived NYSE

PHINIA Inc. (together with its consolidated subsidiaries, the Company or PHINIA) is a Delaware corporation incorporated in 2023. The Company is a leader in the development, design and manufacture of integrated components and systems that are designed to optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles). We are a global supplier to most major original equipment manufacturers (OEMs) seeking to meet and exceed increasingly stringent global regulatory requirements and satisfy consumer demands for an enhanced user experience. Additionally, we offer a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket (IAM).

Last close 57.32 2026-10-23
Market cap $2.10B 2026-06-30 share count
52-week range 51.28 - 86.94

Valuation FY2025 figures against the last close

P/S0.6x
P/E17.7x
P/FCF11.2x
EV/EBITDA6.6x
Dividend yield2.0%
Diluted EPS3.24

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Fuel Systems
  • Aftermarket
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Fuel Systems, FY2025: 2.2B (62.5%) 63% Fuel Systems Aftermarket, FY2025: 1.3B (37.5%) 37% Aftermarket FY2024 Fuel Systems, FY2024: 2.1B (62.6%) 63% Aftermarket, FY2024: 1.3B (37.4%) 37% FY2023 Fuel Systems, FY2023: 2.3B (65.0%) 65% Aftermarket, FY2023: 1.2B (35.0%) 35%
Segment FY2025FY2024FY2023
Fuel Systems $2.18B $2.13B $2.27B
Aftermarket $1.31B $1.27B $1.23B

As the company reported it, from the “REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $3.48B$3.40B$3.50B$3.35B$3.23B—
Cost of revenue $2.72B$2.65B$2.78B$2.63B$2.55B—
Gross profit $762.0M$756.0M$724.0M$721.0M$676.0M—
R&D $105.0M$112.0M$108.0M$104.0M$132.0M—
SG&A $445.0M$442.0M$413.0M$407.0M$460.0M—
Operating income $254.0M$259.0M$241.0M$318.0M$174.0M—
Interest expense $59.0M$34.0M$26.0M$13.0M——
Pre-tax income $198.0M$187.0M$206.0M$347.0M$186.0M—
Income tax $68.0M$108.0M$104.0M$85.0M$33.0M—
Net income $130.0M$79.0M$102.0M$262.0M$152.0M—
EPS, basic 3.311.802.175.573.23—
EPS, diluted 3.241.762.175.573.23—
Shares, diluted (wtd. avg.) 40.1M44.8M47.0M47.0M47.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $359.0M$484.0M$365.0M$251.0M$259.0M$292.0M
Receivables $804.0M$817.0M$1.02B$891.0M——
Inventory $473.0M$444.0M$487.0M$459.0M——
Total current assets $1.76B$1.84B$1.93B$1.64B——
Property, plant and equipment $876.0M$843.0M$921.0M$924.0M——
Goodwill $509.0M$471.0M$499.0M$490.0M——
Other intangibles $398.0M$374.0M$417.0M$432.0M——
Total assets $3.82B$3.77B$4.04B$4.07B$4.18B—
Accounts payable $510.0M$522.0M$639.0M$686.0M——
Short-term debt $1.0M$25.0M$14.0M———
Total current liabilities $947.0M$969.0M$1.15B$1.17B——
Long-term debt $967.0M$963.0M$709.0M$26.0M——
Total liabilities $2.23B$2.19B$2.15B$2.43B——
Retained earnings $132.0M$44.0M$9.0M———
Total equity $1.59B$1.57B$1.89B$1.64B$1.71B$648.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $312.0M$308.0M$250.0M$303.0M$147.0M—
Depreciation and amortisation $157.0M$160.0M$170.0M$170.0M$204.0M—
Stock-based compensation $18.0M$14.0M$10.0M$11.0M$11.0M—
Capital expenditure $124.0M$105.0M$150.0M$107.0M$146.0M—
Investing cash flow -$132.0M-$101.0M-$150.0M-$105.0M-$140.0M—
Financing cash flow -$310.0M-$96.0M$20.0M-$185.0M-$44.0M—
Dividends paid $42.0M$44.0M$23.0M———
Buybacks $200.0M$212.0M$24.0M$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 0001968915-26-000061.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2021: 3.2B Gross profit, FY2021: 676M Net income, FY2021: 152M Revenue, FY2022: 3.3B Gross profit, FY2022: 721M Net income, FY2022: 262M Revenue, FY2023: 3.5B Gross profit, FY2023: 724M Net income, FY2023: 102M Revenue, FY2024: 3.4B Gross profit, FY2024: 756M Net income, FY2024: 79M Revenue, FY2025: 3.5B Gross profit, FY2025: 762M Net income, FY2025: 130M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $3.23B $3.35B $3.50B $3.40B $3.48B
Gross profit — $676.0M $721.0M $724.0M $756.0M $762.0M
Net income — $152.0M $262.0M $102.0M $79.0M $130.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Auditor changed Item 4.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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