Aptiv (APTV) financial statements
Aptiv reported revenue of $20.4B in fiscal 2025, up 5.8% a year over 9 years.
Net income was $165M and the operating margin 5.8%, against 12.5% in 2016.
Free cash flow was $1.5B, and the company returned $397M in net buybacks.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Aptiv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.3B | $12.9B | $14.4B | $14.4B | $13.1B | $15.6B | $17.5B | $20.1B | $19.7B | $20.4B |
| Cost of revenue | $9.5B | $10.3B | $11.7B | $11.7B | $11.1B | $13.2B | $14.9B | $16.6B | $16.0B | $16.5B |
| Gross profit | $2.7B | $2.6B | $2.7B | $2.6B | $1.9B | $2.4B | $2.6B | $3.4B | $3.7B | $3.9B |
| Research and development | $800M | $882M | $1.2B | $1.2B | $1.0B | $1.0B | $1.1B | $1.3B | $1.1B | $1.1B |
| Selling, general and admin | $924M | $952M | $993M | $1.1B | $976M | $1.1B | $1.1B | $1.4B | $1.5B | $1.7B |
| Operating income | $1.5B | $1.4B | $1.5B | $1.3B | $2.1B | $1.2B | $1.3B | $1.6B | $1.8B | $1.2B |
| Interest expense | $155M | $140M | $141M | $164M | $164M | $150M | $219M | $285M | $337M | $361M |
| Pre-tax income | $1.0B | $1.3B | $1.3B | $1.1B | $2.0B | $910M | $990M | $1.3B | $2.2B | $919M |
| Income tax | $167M | $223M | $250M | $132M | $49M | $101M | $121M | -$1.9B | $223M | $700M |
| Net income | $1.3B | $1.4B | $1.1B | $990M | $1.8B | $590M | $594M | $2.9B | $1.8B | $165M |
| EPS (diluted) | $4.59 | $5.06 | $4.02 | $3.85 | $6.66 | $1.94 | $1.96 | $10.39 | $6.96 | $0.75 |
| Diluted shares | 274M | 268M | 265M | 257M | 271M | 271M | 271M | 283M | 257M | 221M |
| Gross margin | 22.4% | 20.3% | 18.9% | 18.4% | 14.8% | 15.6% | 15.1% | 17.2% | 18.8% | 19.1% |
| Operating margin | 12.5% | 11.0% | 10.2% | 8.9% | 16.2% | 7.6% | 7.2% | 7.8% | 9.3% | 5.8% |
| Net margin | 10.2% | 10.5% | 7.4% | 6.9% | 13.8% | 3.8% | 3.4% | 14.7% | 9.1% | 0.8% |
Balance sheet
Fiscal years, from Aptiv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $838M | $1.6B | $567M | $412M | $2.8B | $3.1B | $1.5B | $1.6B | $1.6B | $1.6B |
| Receivables | $2.1B | $2.4B | $2.5B | $2.6B | $2.8B | $2.8B | $3.4B | $3.5B | $3.3B | $1.9B |
| Inventory | $859M | $1.1B | $1.3B | $1.3B | $1.3B | $2.0B | $2.3B | $2.4B | $2.3B | $1.8B |
| Total current assets | $5.4B | $5.6B | $4.8B | $5.3B | $7.5B | $8.4B | $7.8B | $8.2B | $7.8B | $8.7B |
| Property, plant and equipment | $2.3B | $2.8B | $3.2B | $3.3B | $3.3B | $3.3B | $3.5B | $3.8B | $3.7B | $2.9B |
| Goodwill | $1.5B | $1.9B | $2.5B | $2.4B | $2.6B | $2.5B | $5.1B | $5.2B | $5.0B | $4.0B |
| Total assets | $12.3B | $12.2B | $12.5B | $13.5B | $17.5B | $18.0B | $21.9B | $24.4B | $23.5B | $23.4B |
| Total current liabilities | $4.1B | $3.5B | $3.7B | $4.1B | $4.0B | $4.2B | $4.9B | $4.8B | $5.1B | $5.0B |
| Long-term debt | $4.0B | $4.1B | $4.0B | $4.0B | $4.0B | $4.1B | $6.5B | $6.2B | $7.8B | $7.5B |
| Total liabilities | $9.5B | $8.7B | $8.8B | $9.4B | $9.4B | $9.4B | $12.8B | $12.6B | $14.4B | $13.9B |
| Shareholders' equity | $2.4B | $3.3B | $3.5B | $3.8B | $7.9B | $8.3B | $8.8B | $11.5B | $8.8B | $9.2B |
| Net debt | $3.1B | $2.5B | $3.5B | $3.6B | $1.2B | $920M | $4.9B | $4.6B | $6.3B | $5.9B |
Cash flow
Fiscal years, from Aptiv's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.9B | $1.5B | $1.6B | $1.6B | $1.4B | $1.2B | $1.3B | $1.9B | $2.4B | $2.2B |
| Capital spending | $657M | $698M | $846M | $781M | $584M | $611M | $844M | $906M | $830M | $656M |
| Free cash flow | $1.3B | $770M | $782M | $843M | $829M | $611M | $419M | $990M | $1.6B | $1.5B |
| Stock-based compensation | $62M | $62M | $58M | $66M | $60M | $87M | $86M | $115M | $120M | $139M |
| Dividends paid | $317M | $310M | $233M | $0 | $32M | $63M | $0 | — | — | — |
| Share buybacks (net) | -$634M | -$383M | -$499M | -$420M | -$57M | $0 | $0 | -$398M | -$4.1B | -$397M |
| Net borrowing | $0 | -$2M | -$13M | -$25M | -$39M | -$8M | — | — | — | — |
| Free cash flow margin | 10.5% | 6.0% | 5.4% | 5.9% | 6.3% | 3.9% | 2.4% | 4.9% | 8.2% | 7.5% |
| Dividends per share | $1.16 | $1.16 | $0.88 | — | $0.12 | $0.23 | — | — | — | — |
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Open APTV in InvestinglyQuestions
What was Aptiv's revenue in 2025?
$20.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Aptiv generate?
$1.5B in fiscal 2025 (operating cash flow minus capital spending).
From Aptiv's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.