PHINIA Inc. (PHIN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.57	$1.53	-2.5%	—	$940M	—
Q1 26	$1.13	$1.29	+14.2%	—	$878M	—
Q4 25	$1.14	$1.18	+3.5%	—	$889M	—
Q3 25	$1.18	$1.59	+34.7%	—	$908M	—
Q2 25	$1.03	$1.27	+23.3%	—	$890M	—
Q1 25	$1	$0.94	-6.0%	—	$796M	—
Q4 24	$0.87	$0.71	-18.4%	—	$833M	—
Q3 24	$0.91	$1.17	+28.6%	—	$839M	—
Q2 24	$1.15	$0.88	-23.5%	—	$868M	—
Q1 24	$0.77	$1.08	+40.3%	—	$863M	—
Q4 23	$0.65	$0.71	+9.2%	—	$882M	—
Q3 23	$1.09	$0.53	-51.4%	—	$896M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.43	—	—	$3.5B	—
FY24	—	$1.9	—	—	$3.4B	—
FY23	—	$2.17	—	—	$3.5B	—
FY22	—	$5.62	—	—	$3.3B	—
FY21	—	$3.26	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1B	$3.2B	$3.3B	$3.5B	$3.4B	$3.5B
YoY change	—	+212.1%	+3.75%	+4.54%	-2.77%	+2.35%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1B	3.2B	3.3B	3.5B	3.4B	3.5B
Cost of revenue	859M	2.6B	2.6B	2.8B	2.6B	2.7B
Gross profit	175M	676M	721M	724M	756M	762M
Gross margin	16.9%	20.9%	21.5%	20.7%	22.2%	21.9%
Research & development	-2M	-10M	-11M	-2M	0	0
Selling, general & administrative	147M	421M	407M	413M	442M	445M
Operating expenses	139M	387M	354M	388M	438M	441M
Operating income	36M	289M	367M	336M	318M	321M
Operating margin	3.48%	8.96%	11%	9.6%	9.34%	9.22%
Non-operating income, net	-125M	-69M	-6M	-87M	-48M	-56M
Pretax income	-105M	186M	347M	206M	187M	198M
Income tax	19M	33M	85M	104M	108M	68M
Net income	-124M	153M	262M	102M	79M	130M
Net margin	-12%	4.74%	7.83%	2.91%	2.32%	3.73%
EBITDA	103M	501M	586M	528M	505M	503M
EPS	-2.66	3.26	5.62	2.17	1.9	3.43
Diluted EPS	-2.66	3.26	5.62	2.17	1.76	3.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	896M	882M	863M	868M	839M	833M	796M	890M	908M	889M	878M	940M
Cost of revenue	719M	696M	671M	680M	652M	644M	624M	693M	708M	696M	690M	724M
Gross profit	177M	186M	192M	188M	187M	189M	172M	197M	200M	193M	188M	216M
Gross margin	19.8%	21.1%	22.2%	21.7%	22.3%	22.7%	21.6%	22.1%	22%	21.7%	21.4%	23%
Research & development	0	0	—	—	0	0	—	30M	20M	-78M	29M	33M
Selling, general & administrative	104M	109M	104M	113M	108M	118M	107M	75M	77M	221M	78M	87M
Operating expenses	102M	109M	102M	112M	107M	118M	106M	103M	99M	140M	105M	119M
Operating income	75M	77M	90M	76M	80M	71M	66M	87M	93M	75M	75M	89M
Operating margin	8.37%	8.73%	10.4%	8.76%	9.54%	8.52%	8.29%	9.78%	10.2%	8.44%	8.54%	9.47%
Non-operating income, net	-27M	-9M	-16M	-4M	-11M	-16M	-1M	5M	-57M	-3M	—	-3M
Pretax income	30M	50M	56M	37M	53M	41M	50M	75M	19M	54M	57M	67M
Income tax	31M	29M	27M	23M	22M	36M	24M	29M	6M	9M	20M	27M
Net income	-1M	21M	29M	14M	31M	5M	26M	46M	13M	45M	37M	40M
Net margin	-0.11%	2.38%	3.36%	1.61%	3.69%	0.6%	3.27%	5.17%	1.43%	5.06%	4.21%	4.26%
EBITDA	123M	127M	138M	122M	127M	118M	110M	133M	138M	122M	123M	138M
EPS	-0.02	0.71	0.63	0.31	0.71	0.12	0.65	1.16	0.33	1.19	0.98	1.08
Diluted EPS	-0.02	0.7	0.62	0.31	0.7	0.12	0.63	1.14	0.33	1.15	0.96	1.05

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	1.4B	—	2.4B	2.2B
Enterprise value	—	—	—	1.9B	—	3B	3B
Shares outstanding	46.6M	46.6M	46.6M	46.9M	41.6M	37.9M	37.9M

Valuation

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	13.9	—	18.3	17.8
P/S	—	—	—	0.41	—	0.68	0.63
P/B	—	—	—	0.75	—	1.5	1.48
EV/EBITDA	—	—	—	3.64	—	6.04	6.1
EV/Sales	—	—	—	0.55	—	0.87	0.82
Earnings yield	—	—	—	7.18%	—	5.47%	5.63%
FCF yield	—	—	—	7.04%	—	7.91%	12.1%
PEG	—	—	—	—	—	—	-2.73

Profitability

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.9%	20.9%	21.5%	20.7%	22.2%	21.9%	23%
Operating margin	3.48%	8.96%	11%	9.6%	9.34%	9.22%	7.77%
Net margin	-12%	4.74%	7.83%	2.91%	2.32%	3.73%	3.73%
ROE	—	8.94%	15.9%	5.41%	5.02%	8.19%	8.52%
ROA	—	3.66%	6.43%	2.52%	2.1%	3.41%	5.24%
ROIC	—	15.3%	17.3%	6.97%	6.3%	9.38%	10.2%
Return on tangible assets	—	6.8%	11.7%	4.62%	3.8%	6.49%	6.52%

Financial health

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.38	1.4	1.68	1.9	1.86	1.81
Quick ratio	—	1.03	1.01	1.25	1.44	1.36	1.34
Debt / equity	—	0.06	0.13	0.46	0.66	0.64	0.69
Debt / assets	—	0.02	0.05	0.21	0.28	0.27	0.28
Net debt / EBITDA	—	-0.32	-0.07	0.95	1.11	1.31	1.33
Interest coverage	-5.18	6.31	18.4	4.68	2.89	3.44	3.4
Effective tax rate	0%	17.7%	24.5%	50.5%	57.8%	34.3%	31.5%

Per share

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.2	69.2	71.8	74.6	81.7	91.9	95.3
EPS (basic)	-2.66	3.26	5.62	2.17	1.9	3.43	3.43
EPS (diluted)	-2.66	3.26	5.62	2.17	1.76	3.24	3.49
Book value per share	—	36.7	35.3	40.2	37.8	41.9	42.1
FCF per share	-3.24	0.02	4.21	2.13	4.87	4.96	6.58
Cash per share	—	5.56	5.39	7.78	11.6	9.47	10.1
Capex per share	—	—	—	—	—	3.27	2.87

Capital allocation

Metric	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	3.56%	3.02%
Capex / operating cash flow	—	—	—	—	—	39.7%	30.4%
Payout ratio	—	0%	0%	22.5%	55.7%	32.3%	32.7%
Dividend yield	—	—	—	1.62%	—	1.77%	1.97%

Yield

1.97%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Sep 4, 2026

Payout ratio

33%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.30
Jun 9, 2026	$0.30
Mar 6, 2026	$0.30
Nov 24, 2025	$0.27
Aug 22, 2025	$0.27
Jun 2, 2025	$0.27
Feb 28, 2025	$0.27
Nov 25, 2024	$0.25

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	259M	251M	365M	484M	359M
Receivables	567M	620M	658M	574M	621M
Inventory	417M	459M	487M	444M	473M
Total current assets	1.6B	1.6B	1.9B	1.8B	1.8B
Property, plant & equipment	990M	922M	921M	843M	876M
Goodwill & intangibles	1.9B	1.8B	1.8B	1.7B	1.8B
Total assets	4.2B	4.1B	4B	3.8B	3.8B
Accounts payable	455M	686M	639M	522M	510M
Short-term debt	19M	117M	106M	42M	22M
Total current liabilities	1.2B	1.2B	1.1B	969M	947M
Long-term debt	81M	95M	758M	1B	998M
Total liabilities	2.5B	2.4B	2.2B	2.2B	2.2B
Shareholders' equity	1.7B	1.6B	1.9B	1.6B	1.6B
Total debt	100M	212M	864M	1B	1B
Net debt	-159M	-39M	499M	560M	661M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	367M	—	—	339M	—	—	—	—	349M	359M	328M	370M
Receivables	1.2B	—	—	964M	—	—	—	—	673M	621M	638M	680M
Inventory	529M	—	—	471M	—	—	—	—	523M	473M	489M	475M
Total current assets	2.1B	—	—	1.9B	—	—	—	—	1.9B	1.8B	1.8B	1.8B
Property, plant & equipment	—	—	—	—	—	—	—	—	—	876M	—	—
Goodwill & intangibles	1.8B	—	—	1.8B	—	—	—	—	1.8B	1.8B	1.8B	1.8B
Total assets	4.2B	—	—	3.9B	—	—	—	—	4B	3.8B	3.8B	3.8B
Accounts payable	817M	—	—	572M	—	—	—	—	627M	510M	525M	529M
Short-term debt	104M	—	—	30M	—	—	—	—	45M	22M	43M	70M
Total current liabilities	1.3B	—	—	1B	—	—	—	—	1.1B	947M	970M	1B
Long-term debt	764M	—	—	864M	—	—	—	—	1B	998M	996M	992M
Total liabilities	2.3B	—	—	2.1B	—	—	—	—	2.4B	2.2B	2.3B	2.3B
Shareholders' equity	1.9B	—	—	1.7B	—	—	—	—	1.6B	1.6B	1.5B	1.5B
Total debt	868M	—	—	894M	—	—	—	—	1B	1B	1B	1.1B
Net debt	501M	—	—	555M	—	—	—	—	697M	661M	711M	692M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-124M	153M	262M	102M	79M	130M
Depreciation & amortization	62M	204M	170M	171M	160M	157M
Stock-based compensation	3M	11M	11M	10M	14M	18M
Change in working capital	2M	-233M	-216M	-46M	48M	68M
Operating cash flow	-69M	128M	255M	255M	307M	312M
Capital expenditure	—	—	—	—	—	-124M
Investing cash flow	423M	6M	2M	0	4M	-132M
Dividends paid	—	0	0	-23M	-44M	-42M
Share repurchases	—	0	0	-24M	-212M	-202M
Financing cash flow	2M	-44M	-185M	96M	-93M	-299M
Net change in cash	356M	90M	72M	351M	218M	-119M
Free cash flow	-151M	1M	196M	100M	203M	188M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-1M	21M	29M	14M	31M	5M	26M	46M	13M	45M	37M	40M
Depreciation & amortization	42M	45M	41M	40M	40M	39M	37M	39M	40M	41M	40M	41M
Stock-based compensation	3M	3M	4M	4M	3M	3M	4M	4M	5M	5M	5M	7M
Change in working capital	107M	5M	-50M	34M	40M	24M	-21M	-9M	43M	55M	-23M	10M
Operating cash flow	151M	104M	32M	93M	123M	59M	45M	57M	119M	96M	53M	91M
Capital expenditure	—	—	—	—	—	—	—	-34M	-26M	-29M	-32M	-22M
Investing cash flow	0	0	1M	0	0	3M	—	-34M	-35M	-29M	-32M	-22M
Dividends paid	-12M	-11M	-12M	-11M	-10M	-11M	-11M	-10M	-11M	-10M	-11M	-11M
Share repurchases	-9M	-15M	-23M	-90M	-78M	-21M	-100M	-42M	-33M	-21M	-54M	-53M
Financing cash flow	-25M	-29M	-38M	-76M	62M	-32M	-111M	-52M	-76M	-54M	-75M	-66M
Net change in cash	126M	75M	-5M	17M	185M	30M	-66M	-29M	8M	13M	-54M	3M
Free cash flow	118M	29M	-12M	92M	70M	53M	5M	23M	93M	67M	21M	69M

PHINIA Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement