NYSE : PHIN
PHINIA Inc. — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 62.92 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.26B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
PHINIA Inc. (PHIN) reported revenue of 3.62B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.62B | 3.48B | 3.40B | 3.50B | 3.35B | 3.23B |
| Cost of Revenue | 2.85B | 2.72B | 2.65B | 2.78B | 2.63B | 2.55B |
| Gross Profit | 768.00M | 762.00M | 756.00M | 724.00M | 721.00M | 676.00M |
| Selling, General & Admin | 461.00M | 449.00M | 442.00M | 415.00M | 375.00M | 421.00M |
| Other Operating Expenses | -7.00M | -4.00M | -4.00M | -25.00M | -53.00M | -34.00M |
| Operating Expenses | 465.00M | 445.00M | 438.00M | 390.00M | 322.00M | 387.00M |
| Operating Income | 303.00M | 317.00M | 318.00M | 334.00M | 399.00M | 289.00M |
| Interest Expense | -83.00M | -81.00M | -99.00M | -56.00M | -20.00M | -35.00M |
| Interest & Investment Income | 9.00M | 14.00M | 16.00M | 13.00M | 6.00M | 1.00M |
| Earnings From Equity Investments | 17.00M | 15.00M | 11.00M | 10.00M | 11.00M | 7.00M |
| EBT Excluding Unusual Items | 246.00M | 265.00M | 246.00M | 301.00M | 396.00M | 262.00M |
| Merger & Restructuring Charges | -27.00M | -26.00M | -14.00M | -12.00M | -11.00M | -62.00M |
| Asset Writedown | -21.00M | -5.00M | -14.00M | |||
| Other Unusual Items | 27.00M | -43.00M | -31.00M | -83.00M | -33.00M | |
| Pretax Income | 248.00M | 198.00M | 187.00M | 206.00M | 347.00M | 186.00M |
| Income Tax Expense | 59.00M | 68.00M | 108.00M | 104.00M | 85.00M | 33.00M |
| Earnings From Continuing Operations | 189.00M | 130.00M | 79.00M | 102.00M | 262.00M | 153.00M |
| Minority Interest in Earnings | -1.00M | |||||
| Net Income | 189.00M | 130.00M | 79.00M | 102.00M | 262.00M | 152.00M |
| Net Income to Common | 189.00M | 130.00M | 79.00M | 102.00M | 262.00M | 152.00M |
| Shares Outstanding (Basic) | 37.42M | 39.30M | 44.00M | 46.90M | 47.00M | 47.00M |
| Shares Outstanding (Diluted) | 38.30M | 40.10M | 44.80M | 47.00M | 47.00M | 47.00M |
| EPS (Basic) | 5.05 | 3.31 | 1.80 | 2.17 | 5.57 | 3.23 |
| EPS (Diluted) | 4.94 | 3.24 | 1.76 | 2.17 | 5.57 | 3.23 |
| Free Cash Flow | 227.00M | 188.00M | 203.00M | 100.00M | 196.00M | 1.00M |
| Free Cash Flow Per Share | 5.93 | 4.69 | 4.53 | 2.13 | 4.17 | 0.02 |
| Dividend Per Share | 1.17 | 1.08 | 1.00 | 0.50 | ||
| Gross Margin | 21.22% | 21.88% | 22.22% | 20.69% | 21.54% | 20.95% |
| Operating Margin | 8.37% | 9.10% | 9.35% | 9.54% | 11.92% | 8.96% |
| Profit Margin | 5.22% | 3.73% | 2.32% | 2.91% | 7.83% | 4.71% |
| Free Cash Flow Margin | 6.27% | 5.40% | 5.96% | 2.86% | 5.85% | 0.03% |
| EBITDA | 466.00M | 474.00M | 478.00M | 505.00M | 569.00M | 493.00M |
| EBITDA Margin | 12.88% | 13.61% | 14.05% | 14.43% | 16.99% | 15.28% |
| D&A For EBITDA | 163.00M | 157.00M | 160.00M | 171.00M | 170.00M | 204.00M |
| EBIT | 303.00M | 317.00M | 318.00M | 334.00M | 399.00M | 289.00M |
| EBIT Margin | 8.37% | 9.10% | 9.35% | 9.54% | 11.92% | 8.96% |
| Effective Tax Rate | 23.79% | 34.34% | 57.75% | 50.48% | 24.50% | 17.74% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 436.00M | 359.00M | 484.00M | 365.00M | 251.00M | 259.00M |
| Short-Term Investments | 3.00M | 3.00M | ||||
| Cash & Short-Term Investments | 436.00M | 359.00M | 484.00M | 365.00M | 254.00M | 262.00M |
| Accounts Receivable | 712.00M | 614.00M | 565.00M | 647.00M | 613.00M | 667.00M |
| Other Receivables | 190.00M | 190.00M | 252.00M | 370.00M | 278.00M | 112.00M |
| Receivables | 902.00M | 804.00M | 817.00M | 1.02B | 891.00M | 902.00M |
| Inventory | 485.00M | 473.00M | 444.00M | 487.00M | 459.00M | 417.00M |
| Prepaid Expenses | 89.00M | 66.00M | 55.00M | 32.00M | 14.00M | 13.00M |
| Other Current Assets | 61.00M | 60.00M | 41.00M | 26.00M | 23.00M | 30.00M |
| Total Current Assets | 1.97B | 1.76B | 1.84B | 1.93B | 1.64B | 1.62B |
| Property, Plant & Equipment | 866.00M | 924.00M | 897.00M | 984.00M | 1.00B | 1.06B |
| Long-Term Investments | 68.00M | 65.00M | 56.00M | 52.00M | 46.00M | 42.00M |
| Goodwill | 510.00M | 509.00M | 471.00M | 499.00M | 490.00M | 496.00M |
| Other Intangible Assets | 366.00M | 398.00M | 374.00M | 417.00M | 432.00M | 470.00M |
| Long-Term Deferred Tax Assets | 65.00M | 61.00M | 43.00M | 61.00M | 157.00M | 180.00M |
| Other Long-Term Assets | 111.00M | 98.00M | 86.00M | 101.00M | 304.00M | 313.00M |
| Total Assets | 3.96B | 3.82B | 3.77B | 4.04B | 4.07B | 4.18B |
| Accounts Payable | 530.00M | 510.00M | 522.00M | 653.00M | 686.00M | 632.00M |
| Accrued Expenses | 167.00M | 160.00M | 161.00M | 141.00M | 114.00M | 85.00M |
| Short-Term Debt | 123.00M | 2.00M | 75.00M | 99.00M | 120.00M | |
| Current Portion of Long-Term Debt | 1.00M | 24.00M | 14.00M | |||
| Current Portion of Leases | 17.00M | 20.00M | 18.00M | 17.00M | 18.00M | 19.00M |
| Current Income Taxes Payable | 25.00M | 18.00M | 35.00M | 39.00M | 28.00M | 20.00M |
| Current Unearned Revenue | 8.00M | 7.00M | 3.00M | 6.00M | 3.00M | |
| Other Current Liabilities | 290.00M | 230.00M | 206.00M | 203.00M | 222.00M | 298.00M |
| Total Current Liabilities | 1.16B | 947.00M | 969.00M | 1.15B | 1.17B | 1.17B |
| Long-Term Debt | 965.00M | 964.00M | 962.00M | 709.00M | 26.00M | 948.00M |
| Long-Term Leases | 28.00M | 34.00M | 40.00M | 49.00M | 69.00M | 54.00M |
| Long-Term Unearned Revenue | 21.00M | 18.00M | 11.00M | 7.00M | ||
| Pension & Post-Retirement Benefits | 130.00M | 141.00M | 112.00M | 132.00M | 79.00M | 54.00M |
| Long-Term Deferred Tax Liabilities | 52.00M | 53.00M | 55.00M | 56.00M | 46.00M | 54.00M |
| Other Long-Term Liabilities | 77.00M | 73.00M | 45.00M | 53.00M | 1.04B | 186.00M |
| Total Liabilities | 2.43B | 2.23B | 2.19B | 2.15B | 2.43B | 2.47B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.65B | |
| Additional Paid-In Capital | 1.98B | 1.98B | 1.98B | 2.03B | ||
| Retained Earnings | 243.00M | 132.00M | 44.00M | 9.00M | ||
| Treasury Stock | -586.00M | -426.00M | -230.00M | -23.00M | ||
| Comprehensive Income & Other | -113.00M | -98.00M | -217.00M | -131.00M | 1.64B | 62.00M |
| Total Common Equity | 1.52B | 1.59B | 1.57B | 1.89B | 1.64B | 1.71B |
| Minority Interest | 3.00M | |||||
| Shareholders' Equity | 1.52B | 1.59B | 1.57B | 1.89B | 1.64B | 1.71B |
| Total Liabilities & Equity | 3.96B | 3.82B | 3.77B | 4.04B | 4.07B | 4.18B |
| Total Debt | 1.13B | 1.02B | 1.04B | 864.00M | 212.00M | 1.14B |
| Net Cash (Debt) | -698.00M | -661.00M | -560.00M | -499.00M | 42.00M | -879.00M |
| Net Cash Per Share | -18.22 | -16.48 | -12.50 | -10.62 | 0.89 | -18.70 |
| Filing Date Shares Outstanding | 35.96M | 37.92M | 40.81M | 46.16M | 47.00M | 47.00M |
| Total Common Shares Outstanding | 35.96M | 37.92M | 41.64M | 46.16M | 47.00M | 47.00M |
| Working Capital | 812.00M | 815.00M | 872.00M | 779.00M | 471.00M | 450.00M |
| Book Value Per Share | 42.41 | 41.86 | 37.80 | 40.88 | 34.96 | |
| Tangible Book Value | 649.00M | 680.00M | 729.00M | 971.00M | 721.00M | 743.00M |
| Tangible Book Value Per Share | 18.05 | 17.93 | 17.51 | 21.03 | 15.34 | |
| Land | 258.00M | 236.00M | 250.00M | 228.00M | 237.00M | |
| Machinery | 1.19B | 1.07B | 1.07B | 982.00M | 939.00M | |
| Construction In Progress | 93.00M | 84.00M | 79.00M | 81.00M | 86.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 189.00M | 130.00M | 79.00M | 102.00M | 262.00M | 152.00M |
| Depreciation & Amortization | 163.00M | 157.00M | 160.00M | 171.00M | 170.00M | 204.00M |
| Asset Writedown & Restructuring Costs | 4.00M | 3.00M | 29.00M | 10.00M | 56.00M | |
| Stock-Based Compensation | 22.00M | 18.00M | 14.00M | 10.00M | 11.00M | 11.00M |
| Other Operating Activities | -79.00M | -28.00M | 20.00M | 18.00M | 23.00M | -48.00M |
| Change in Accounts Receivable | 20.00M | 69.00M | 149.00M | 79.00M | -103.00M | 16.00M |
| Change in Inventory | 35.00M | 6.00M | 23.00M | -4.00M | -60.00M | -84.00M |
| Change in Accounts Payable | -46.00M | -26.00M | -114.00M | -95.00M | 16.00M | -96.00M |
| Change in Income Taxes | -10.00M | -21.00M | -9.00M | 31.00M | 9.00M | |
| Change in Other Net Operating Assets | 29.00M | 4.00M | -43.00M | -31.00M | -57.00M | -73.00M |
| Operating Cash Flow | 327.00M | 312.00M | 308.00M | 250.00M | 303.00M | 147.00M |
| Capital Expenditures | -100.00M | -124.00M | -105.00M | -150.00M | -107.00M | -146.00M |
| Sale of Property, Plant & Equipment | 1.00M | 1.00M | 2.00M | 2.00M | 2.00M | 6.00M |
| Cash Acquisitions | -9.00M | |||||
| Investment in Securities | -1.00M | -2.00M | ||||
| Other Investing Activities | 3.00M | |||||
| Investing Cash Flow | -99.00M | -132.00M | -101.00M | -150.00M | -105.00M | -140.00M |
| Long-Term Debt Issued | 1.00M | 975.00M | 819.00M | 140.00M | 126.00M | |
| Long-Term Debt Repaid | -56.00M | -797.00M | -732.00M | -118.00M | -178.00M | |
| Net Debt Issued (Repaid) | 98.00M | -55.00M | 178.00M | 87.00M | 22.00M | -52.00M |
| Repurchase of Common Stock | -195.00M | -202.00M | -212.00M | -24.00M | ||
| Common Dividends Paid | -43.00M | -42.00M | -44.00M | -23.00M | ||
| Other Financing Activities | -12.00M | -11.00M | -18.00M | -20.00M | -207.00M | 8.00M |
| Financing Cash Flow | -152.00M | -310.00M | -96.00M | 20.00M | -185.00M | -44.00M |
| Foreign Exchange Rate Adjustments | 11.00M | 5.00M | 8.00M | -6.00M | -21.00M | 4.00M |
| Net Cash Flow | 87.00M | -125.00M | 119.00M | 114.00M | -8.00M | -33.00M |
| Free Cash Flow | 227.00M | 188.00M | 203.00M | 100.00M | 196.00M | 1.00M |
| Free Cash Flow Margin | 6.27% | 5.40% | 5.96% | 2.86% | 5.85% | 0.03% |
| Free Cash Flow Per Share | 5.93 | 4.69 | 4.53 | 2.13 | 4.17 | 0.02 |
| Levered Free Cash Flow | 201.50M | 150.50M | 295.88M | 18.75M | 303.88M | |
| Unlevered Free Cash Flow | 253.38M | 201.12M | 357.75M | 53.75M | 316.38M | |
| Cash Income Tax Paid | 64.00M | 61.00M | 94.00M | 88.00M | 51.00M | 38.00M |
| Change in Working Capital | 28.00M | 32.00M | 6.00M | -51.00M | -173.00M | -228.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.26B | 2.41B | 2.03B | 1.41B | ||
| Enterprise Value | 2.96B | 3.11B | 2.59B | 1.91B | ||
| Last Close Price | 62.92 | 61.91 | 46.56 | 28.62 | ||
| PE Ratio | 12.74 | 18.54 | 25.64 | 13.86 | ||
| Forward PE | 9.03 | 11.69 | 10.59 | 8.02 | ||
| PS Ratio | 0.63 | 0.69 | 0.59 | 0.40 | ||
| PB Ratio | 1.48 | 1.52 | 1.29 | 0.75 | ||
| P/TBV Ratio | 3.49 | 3.54 | 2.78 | 1.46 | ||
| P/FCF Ratio | 9.97 | 12.82 | 9.98 | 14.14 | ||
| P/OCF Ratio | 6.92 | 7.72 | 6.58 | 5.66 | ||
| PEG Ratio | 0.56 | 0.49 | 0.64 | 0.50 | ||
| EV/Sales Ratio | 0.82 | 0.89 | 0.76 | 0.55 | ||
| EV/EBITDA Ratio | 6.35 | 6.55 | 5.43 | 3.78 | ||
| EV/EBIT Ratio | 9.77 | 9.80 | 8.16 | 5.72 | ||
| EV/FCF Ratio | 13.04 | 16.53 | 12.78 | 19.11 | ||
| Debt / Equity Ratio | 0.74 | 0.64 | 0.66 | 0.46 | 0.13 | 0.67 |
| Debt / EBITDA Ratio | 2.31 | 2.04 | 2.08 | 1.66 | 0.36 | 2.17 |
| Debt / FCF Ratio | 5.00 | 5.43 | 5.14 | 8.64 | 1.08 | 1,141.00 |
| Net Debt / Equity Ratio | 0.46 | 0.42 | 0.36 | 0.26 | -0.03 | 0.51 |
| Net Debt / EBITDA Ratio | 1.50 | 1.40 | 1.17 | 0.99 | -0.07 | 1.78 |
| Net Debt / FCF Ratio | 3.08 | 3.52 | 2.76 | 4.99 | -0.21 | 879.00 |
| Asset Turnover | 0.91 | 0.92 | 0.87 | 0.86 | 0.81 | |
| Inventory Turnover | 5.66 | 5.93 | 5.69 | 5.87 | 6.00 | |
| Quick Ratio | 1.15 | 1.23 | 1.34 | 1.20 | 0.98 | 0.89 |
| Current Ratio | 1.70 | 1.86 | 1.90 | 1.68 | 1.40 | 1.38 |
| Return on Equity (ROE) | 12.15% | 8.22% | 4.57% | 5.78% | 15.62% | |
| Return on Assets (ROA) | 4.77% | 5.22% | 5.09% | 5.15% | 6.04% | |
| Return on Invested Capital (ROIC) | 10.36% | 9.50% | 5.94% | 8.30% | 14.37% | 9.18% |
| Return on Capital Employed (ROCE) | 10.80% | 11.00% | 11.40% | 11.50% | 13.70% | 9.60% |
| Earnings Yield | 7.85% | 5.39% | 3.90% | 7.21% | ||
| FCF Yield | 10.03% | 7.80% | 10.02% | 7.07% | ||
| Dividend Yield | 1.91% | 1.70% | 2.06% | 1.63% | ||
| Payout Ratio | 24.30% | 32.31% | 55.70% | 22.55% | ||
| Buyback Yield / Dilution | 6.70% | 10.49% | 4.68% | 0.21% | ||
| Total Shareholder Return | 8.61% | 12.19% | 6.74% | 1.85% |