PHINIA INC. (PHIN)
PHINIA Inc. specializes in the engineering and production of fuel injection components and systems for both gasoline and diesel engines. Beyond its core manufacturing, the company extends its reach by supplying a variety of new and reconditioned parts and services to both independent aftermarket clients and authorized original equipment service providers. Its extensive product catalog encompasses solutions across crucial automotive domains, including precise fuel delivery systems, advanced electronics and engine management, starting and charging components, as well as maintenance tools, diagnostic equipment, and vehicle testing apparatus. Established in 2023, PHINIA Inc. is headquartered in Auburn Hills, Michigan.
Sector: Motor Vehicle Parts & Accessories
Industry: Auto - Parts
PHINIA Inc.
NYSE:PHINConsumer Cyclical · Auto - Parts
+0.32%$57.32
AH Close$57.32+0.00%vs close
AH Close$57.32+0.00%vs close
Mkt Cap$2.1B
Float35.9M
O/S36.64M
Inst Own-
SI10.6%
Div Yield2.04%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.48B
Net Income$130M
Total Assets$3.82B
Free Cash Flow$188M
Debt & Equity
Debt 39%
Equity 61%
Total Debt$1.02B
Total Equity$1.59B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PHIN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.82B
Liabilities$2.23B
Accounts Receivable$804M
Accounts Payable$510M
Inventory$473M
PP&E (Net)$876M
Goodwill$509M
Intangible Assets$398M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $3.48B | $3.4B | $3.5B | $3.35B | $3.23B | $1.03B |
| YoY Growth | 2.4% | -2.8% | 4.5% | 3.7% | 212.1% | - |
| Cost of Revenue | $2.76B | $2.68B | $2.81B | $2.63B | $2.55B | $859M |
| Gross Profit | $727M | $726M | $692M | $722M | $675M | $175M |
| Gross Margin | 20.9% | 21.3% | 19.8% | 21.6% | 20.9% | 16.9% |
| Research and Development | $105M | $112M | $108M | $104M | $132M | $46M |
| Selling, General, and Administrative | $342M | $329M | $208M | $303M | $328M | $101M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $447M | $441M | $316M | $407M | $460M | $147M |
| Operating Income (EBIT) | $280M | $285M | $376M | $315M | $215M | $28M |
| Operating Margin | 8.0% | 8.4% | 10.7% | 9.4% | 6.7% | 2.7% |
| Interest Expense | $81M | $99M | $56M | $28M | $34M | $16M |
| Interest Income | $14M | $16M | $13M | $14M | $0 | $0 |
| Other Income (Expense) | -$82M | -$98M | -$170M | $32M | -$29M | -$133M |
| Income Before Tax (EBT) | $198M | $187M | $206M | $347M | $186M | -$105M |
| Income Tax Expense | $68M | $108M | $104M | $85M | $33M | $19M |
| Net Income | $130M | $79M | $102M | $262M | $152M | -$124M |
| Net Income Margin | 3.7% | 2.3% | 2.9% | 7.8% | 4.7% | -12.0% |
| Supplementary Data | ||||||
| EPS | 3.31 | 1.80 | 2.17 | 5.57 | 3.23 | -2.64 |
| Diluted EPS | 3.24 | 1.76 | 2.17 | 5.57 | 3.23 | -2.64 |
| Weighted Average OS | 39.30M | 44.00M | 46.90M | 47.01M | 47.01M | 47.01M |
| EBITDA | $436M | $446M | $433M | $545M | $424M | -$27M |
| EBITDA Margin | 12.5% | 13.1% | 12.4% | 16.3% | 13.1% | -2.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $359M | $484M | $365M | $251M | $259M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $359M | $484M | $365M | $251M | $259M |
| Accounts Receivable | $804M | $817M | $1.02B | $893M | $902M |
| Inventory | $473M | $444M | $487M | $459M | $417M |
| Other Current Assets | $25M | $17M | $17M | $21M | $24M |
| Total Current Assets | $1.76B | $1.84B | $1.93B | $1.64B | $1.62B |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $876M | $897M | $984M | $1B | $1.06B |
| Goodwill | $509M | $471M | $499M | $490M | $496M |
| Intangible Assets | $398M | $374M | $417M | $432M | $470M |
| Long-Term Investments | $65M | $111M | $115M | $117M | $98M |
| Deferred Tax Assets | $61M | $43M | $61M | $157M | $180M |
| Other Long-Term Assets | $146M | $31M | $38M | $233M | $257M |
| Total Long-Term Assets | $2.06B | $1.93B | $2.11B | $2.43B | $2.56B |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.82B | $3.77B | $4.04B | $4.07B | $4.18B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $510M | $522M | $639M | $500M | $455M |
| Short-Term Debt | $3M | $42M | $106M | $112M | $139M |
| Current Income Tax Payable | $0 | $38M | $39M | $28M | $20M |
| Current Unearned Revenue | $7M | $3M | $6M | $17M | $26M |
| Other Current Liabilities | $252M | $257M | $257M | $416M | $430M |
| Total Current Liabilities | $947M | $969M | $1.15B | $1.17B | $1.17B |
| Long-Term Liabilities | |||||
| Long-Term Debt | $967M | $962M | $709M | $947M | $948M |
| Long-Term Unearned Revenue | $18M | $11M | $7M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $53M | $55M | $56M | $46M | $54M |
| Other Long-Term Liabilities | $214M | $150M | $179M | $199M | $240M |
| Total Long-Term Liabilities | $1.28B | $1.22B | $1B | $1.26B | $1.3B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.23B | $2.19B | $2.15B | $2.43B | $2.47B |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $1M | $1.73B | $1.65B |
| Retained Earnings | $132M | $44M | $9M | $0 | $0 |
| Comprehensive Income & Other | -$98M | -$217M | -$131M | -$88M | $62M |
| Other Stockholders' Equity | $1.45B | $1.53B | $1.88B | -$88M | $62M |
| Total Equity | $1.59B | $1.57B | $1.89B | $1.64B | $1.71B |
| Minority Interest | $0 | $0 | $0 | $0 | $3M |
| Total Liabilities and Equity | $3.82B | $3.76B | $4.04B | $4.07B | $4.18B |
| Supplementary Data | |||||
| Total Debt | $1.02B | $1.04B | $864M | $1.13B | $1.14B |
| Net Debt | $661M | $560M | $499M | $877M | $882M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $130M | $79M | $102M | $262M | $153M | -$124M |
| Depreciation & Amortization | $157M | $160M | $171M | $170M | $204M | $62M |
| Deferred Income Tax | -$19M | $11M | $32M | $25M | -$56M | -$4M |
| Stock-Based Compensation | $18M | $14M | $10M | $11M | $11M | $3M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $69M | $149M | $79M | -$105M | $17M | -$37M |
| Inventory | $6M | $23M | -$4M | -$60M | -$84M | $4M |
| Accounts Payable | -$26M | -$114M | -$95M | $16M | -$96M | $16M |
| Other Working Capital | -$17M | -$52M | -$38M | -$24M | -$65M | $47M |
| Total Working Capital Change | $32M | $6M | -$58M | -$173M | -$228M | $30M |
| Other Non-Cash Items | -$6M | $38M | -$7M | $8M | $63M | -$64M |
| Net Cash from Operating | $312M | $308M | $250M | $303M | $147M | -$97M |
| Investing Activities | ||||||
| Capital Expenditures | -$124M | -$105M | -$150M | -$107M | -$146M | -$54M |
| Acquisitions | -$8M | $2M | $0 | $2M | $6M | $422M |
| Purchases of Investments | $0 | -$1M | -$2M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $3M | $2M | $0 | $0 | $1M |
| Net Cash from Investing | -$132M | -$101M | -$150M | -$105M | -$140M | $369M |
| Financing Activities | ||||||
| Debt Repaid | $55M | -$178M | -$68M | -$22M | $52M | $17M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$202M | -$212M | -$24M | $0 | $0 | $0 |
| Dividends Paid | -$42M | -$44M | -$23M | $0 | $0 | $0 |
| Other Financing Activities | -$11M | -$18M | -$1M | -$207M | $8M | $19M |
| Net Cash from Financing | -$310M | -$96M | $20M | -$185M | -$44M | $2M |
| Forex Effect | $5M | $8M | -$6M | -$21M | $4M | $14M |
| Net Change in Cash | -$125M | $119M | $114M | -$8M | -$33M | $288M |
| Supplementary Data | ||||||
| Operating Cash Flow | $312M | $308M | $250M | $303M | $147M | -$97M |
| Capital Expenditure | -$124M | -$105M | -$150M | -$107M | -$146M | -$54M |
| Free Cash Flow | $188M | $203M | $100M | $196M | $1M | -$151M |
| Cash at Beginning | $484M | $365M | $251M | $259M | $292M | $4M |
| Cash at End | $359M | $484M | $365M | $251M | $259M | $292M |