PHINIA (PHIN) financial statements
PHINIA reported revenue of $3.5B in fiscal 2025, up 1.9% a year over 4 years.
Net income was $130M and the operating margin 7.3%, against 5.4% in 2021.
Free cash flow was $188M, and the company returned $42M in dividends.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PHINIA's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.5B | $3.4B | $3.5B |
| Cost of revenue | $2.6B | $2.6B | $2.8B | $2.6B | $2.7B |
| Gross profit | $676M | $721M | $724M | $756M | $762M |
| Research and development | $132M | $104M | $108M | $112M | $105M |
| Selling, general and admin | $460M | $407M | $413M | $442M | $445M |
| Operating income | $174M | $318M | $241M | $259M | $254M |
| Interest expense | $35M | $20M | $56M | $99M | $81M |
| Pre-tax income | $186M | $347M | $206M | $187M | $198M |
| Income tax | $33M | $85M | $104M | $108M | $68M |
| Net income | $152M | $262M | $102M | $79M | $130M |
| EPS (diluted) | $3.23 | $5.57 | $2.17 | $1.76 | $3.24 |
| Diluted shares | 47M | 47M | 47M | 45M | 40M |
| Gross margin | 20.9% | 21.5% | 20.7% | 22.2% | 21.9% |
| Operating margin | 5.4% | 9.5% | 6.9% | 7.6% | 7.3% |
| Net margin | 4.7% | 7.8% | 2.9% | 2.3% | 3.7% |
Balance sheet
Fiscal years, from PHINIA's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $259M | $251M | $365M | $484M | $359M |
| Receivables | — | $891M | $1.0B | $817M | $804M |
| Inventory | — | $459M | $487M | $444M | $473M |
| Total current assets | — | $1.6B | $1.9B | $1.8B | $1.8B |
| Property, plant and equipment | — | $922M | $921M | $843M | $876M |
| Goodwill | — | $490M | $499M | $471M | $509M |
| Total assets | $4.2B | $4.1B | $4.0B | $3.8B | $3.8B |
| Total current liabilities | — | $1.2B | $1.1B | $969M | $947M |
| Long-term debt | — | — | $709M | $963M | $967M |
| Total liabilities | — | $2.4B | $2.2B | $2.2B | $2.2B |
| Shareholders' equity | $1.7B | $1.6B | $1.9B | $1.6B | $1.6B |
| Net debt | -$259M | -$251M | $358M | $504M | $609M |
Cash flow
Fiscal years, from PHINIA's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $147M | $303M | $250M | $308M | $312M |
| Capital spending | $146M | $107M | $150M | $105M | $124M |
| Free cash flow | $1M | $196M | $100M | $203M | $188M |
| Stock-based compensation | $11M | $11M | $10M | $14M | $18M |
| Dividends paid | — | — | $23M | $44M | $42M |
| Share buybacks (net) | — | $0 | -$24M | — | — |
| Net borrowing | — | -$1M | $704M | $253M | -$24M |
| Free cash flow margin | 0.0% | 5.9% | 2.9% | 6.0% | 5.4% |
| Dividends per share | — | — | $0.49 | $0.98 | $1.05 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PHIN.
Open PHIN in InvestinglyQuestions
What was PHINIA's revenue in 2025?
$3.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does PHINIA generate?
$188M in fiscal 2025 (operating cash flow minus capital spending).
From PHINIA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.