VISTEON CORP VC
Visteon Corporation (the "Company" or "Visteon") is a global automotive technology company serving the mobility industry, dedicated to creating more enjoyable, connected, and safe driving experiences. The Company's platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of the Company's global automotive customers, including BMW, Ford, Geely, General Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. Visteon products and services align with key industry trends and include digital instrument clusters, information displays, infotainment, cockpit domain controllers, CognitoAITM, battery management systems, high voltage power electronics, and engineering services. Visteon is headquartered in Van Buren Township, Michigan, and has an international network of manufacturing operations, technical centers, and joint venture operations dedicated to the design, development, manufacture, and support of its product offerings and its global customers. The Company's manufacturing and engineering footprint is primarily located in Brazil, Bulgaria, China, India, Japan, Mexico, Portugal, Slovakia, Thailand, and Tunisia.
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 | $3.77B | $3.87B | $3.95B | $3.76B | $2.77B | $2.55B | $2.94B | $2.98B | $3.15B | $3.16B |
| Cost of revenue | $3.24B | $3.33B | $3.47B | $3.39B | $2.52B | $2.30B | $2.62B | $2.57B | $2.65B | $2.71B |
| Gross profit | $532.0M | $531.0M | $487.0M | $368.0M | $254.0M | $245.0M | $324.0M | $411.0M | $491.0M | $456.0M |
| R&D | $220.0M | $191.0M | $210.0M | $196.0M | $191.0M | $201.0M | $300.0M | $286.0M | $253.0M | $295.0M |
| SG&A | $202.0M | $207.0M | $207.0M | $188.0M | $175.0M | $193.0M | $221.0M | $193.0M | $226.0M | $224.0M |
| Interest expense | $13.0M | $15.0M | $17.0M | $14.0M | $10.0M | $16.0M | $13.0M | $14.0M | $21.0M | $18.0M |
| Pre-tax income | $338.0M | $298.0M | $257.0M | $175.0M | $81.0M | -$20.0M | $106.0M | $216.0M | $223.0M | $161.0M |
| Income tax | $125.0M | $8.0M | $330.0M | $45.0M | $31.0M | $28.0M | $24.0M | $43.0M | $48.0M | $30.0M |
| Net income | $213 | $306 | $587 | $130 | $50 | -$56.0M | $70.0M | $164.0M | $176.0M | $75.0M |
| EPS, basic | 7.39 | 10.72 | 20.21 | 4.41 | 1.46 | -2.01 | 2.49 | 5.56 | 5.57 | 2.14 |
| EPS, diluted | 7.28 | 10.61 | 19.93 | 4.35 | 1.44 | -2.01 | 2.48 | 5.52 | 5.47 | 2.12 |
| Shares, diluted (wtd. avg.) | $27.6M | $27.9M | $28.5M | $28.5M | $28.4M | $27.9M | $28.2M | $29.7M | $32.2M | $35.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $771.0M | $623.0M | $518.0M | $523.0M | $455.0M | $500.0M | $469.0M | $467.0M | $709.0M | $882.0M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 |
| Receivables | $613.0M | $578.0M | $666.0M | $672.0M | $549.0M | $484.0M | $514.0M | $486.0M | $530.0M | $505.0M |
| Inventory | $269.0M | $283.0M | $298.0M | $348.0M | $262.0M | $177.0M | $169.0M | $184.0M | $189.0M | $151.0M |
| Total current assets | $1.78B | $1.60B | $1.62B | $1.71B | $1.42B | $1.34B | $1.34B | $1.30B | $1.60B | $1.71B |
| Property, plant and equipment | $524.0M | $452.0M | $418.0M | $364.0M | $388.0M | $436.0M | $436.0M | $397.0M | $377.0M | $345.0M |
| Goodwill | — | — | — | — | — | — | $0 | $0 | $47.0M | $45.0M |
| Other intangibles | $109.0M | $71.0M | $46.0M | $54.0M | $68.0M | $78.0M | $81.0M | $82.0M | $85.0M | $84.0M |
| Total assets | $3.30B | $2.83B | $2.83B | $2.45B | $2.23B | $2.27B | $2.27B | $2.01B | $2.30B | $2.37B |
| Accounts payable | $540.0M | $505.0M | $551.0M | $657.0M | $522.0M | $500.0M | $511.0M | $436.0M | $470.0M | $463.0M |
| Short-term debt | $18.0M | $18.0M | $18.0M | $13.0M | $4.0M | $0 | $37.0M | $57.0M | $46.0M | $36.0M |
| Total current liabilities | $992.0M | $916.0M | $931.0M | $1.03B | $852.0M | $824.0M | $798.0M | $721.0M | $801.0M | $911.0M |
| Long-term debt | $283.0M | $301.0M | $318.0M | $336.0M | $349.0M | $349.0M | $348.0M | $348.0M | $347.0M | $346.0M |
| Retained earnings | $2.79B | $2.49B | $2.40B | $1.79B | $1.66B | $1.62B | $1.68B | $1.61B | $1.45B | $1.27B |
| Total equity | $1.53B | $1.21B | $1.14B | $774.0M | $616.0M | $510.0M | $595.0M | $582.0M | $761.0M | $724.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $410.0M | $427.0M | $267.0M | $167.0M | $58.0M | $168.0M | $183.0M | $204.0M | $215.0M | $116.0M |
| Depreciation and amortisation | $109.0M | $96.0M | $104.0M | $108.0M | $108.0M | $104.0M | $100.0M | $91.0M | $87.0M | $84.0M |
| Stock-based compensation | $45.0M | $41.0M | $34.0M | $26.0M | $18.0M | $18.0M | $17.0M | $8.0M | $12.0M | $8.0M |
| Capital expenditure | — | — | — | — | — | — | $142.0M | $127.0M | $99.0M | $75.0M |
| Investing cash flow | -$181.0M | -$189.0M | -$123.0M | -$68.0M | -$63.0M | -$98.0M | -$128.0M | -$98.0M | -$173.0M | $302.0M |
| Financing cash flow | -$116.0M | -$100.0M | -$156.0M | -$9.0M | -$29.0M | -$58.0M | -$49.0M | -$335.0M | -$234.0M | -$2.26B |
| Dividends paid | $15.0M | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | $57.0M | $63.0M | $107.0M | $0 | $0 | $16.0M | $20.0M | $300.0M | $200.0M | $500.0M |
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 0001111335-26-000021.
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