10-K · February 12, 2026
PHINIA reported modest top-line improvement with net sales of $3,483 million in 2025 (up from $3,403 million in 2024) while executing a small, targeted acquisition (SEM for $47 million) and a late-2025 reporting shift…
Earnings analysis · 10-Q
PHIN earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
PHINIA reported Q1 2026 net sales of $878 million, a 10% increase year-over-year, but EPS of $0.96 fell short of estimates. The Fuel Systems segment grew, while margins showed slight compression, and cash from…
Read full summary
PHINIA reported Q1 2026 net sales of $878 million, a 10% increase year-over-year, but EPS of $0.96 fell short of estimates. The Fuel Systems segment grew, while margins showed slight compression, and cash from operations increased significantly. Management's outlook remains cautious amidst macroeconomic challenges, with expectations of improved earnings and continued focus on operational efficiency.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.96
What stood out
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Strong Revenue Growth
Net sales increased by $82 million, or 10%, year-over-year to $878 million.
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Adjusted EPS Shows Improvement
Adjusted net earnings per diluted share rose to $1.29 from $0.94 a year ago.
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Improved Operating Cash Flow
Net cash provided by operating activities was $53 million, up from $40 million in the same quarter last year.
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Segment Performance Highlights
Fuel Systems segment net sales increased to $549 million, a rise of $59 million from the prior year.
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Operational Cost Control
SG&A expenses increased only modestly to $115 million despite higher sales.
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Robust Liquidity Position
Cash and cash equivalents were $328 million, contributing to total liquidity of $808 million.
What to watch
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Margin Compression
Gross margin decreased slightly to 21.4% from 21.6% last year, primarily due to increased costs.
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High Debt Levels
Interest expense increased to $20 million from $19 million, raising concerns over leverage.
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Foreign Currency Exposure
Foreign currency adjustments from fluctuations have potential negative impacts on profitability.
Management's outlook
2026 net sales growth estimated between 1% to 7%.
Earlier filings 4
10-Q · October 28, 2025
PHINIA reported a revenue beat with net sales of $908 million for Q3 2025 (up from $839 million a year ago) but profitability deteriorated: operating income fell to $34 million and diluted EPS to $0.33, driven largely…
10-Q · July 24, 2025
PHINIA reported a beat in Q2: net sales of $890M and diluted EPS of $1.14 for the three months ended June 30, 2025, with operating income of $89M (10.0% margin), all improving versus the year-ago quarter. Both…
10-K · February 13, 2025
PHINIA’s 2024 Form 10-K positions the company as a global supplier of fuel systems and aftermarket products, emphasizing R&D investment and an extensive IP portfolio. Net sales were $3,403 million in 2024 (down from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.