Financials

PHINIA Inc. financials

PHIN Household Durables

PHINIA Inc. is a consumer discretionary company focused on innovative lifestyle consumer electronics, including flagship products such as the PHINwatch and PHINSound. Founded in 2012, the company leverages direct-to-consumer sales and strategic partnerships to drive revenue. Led by CEO James Tierney since 2018, it holds a competitive niche market position with around 3% market share. With plans to launch augmented reality wearables and smart home devices, PHINIA Inc. is positioned for significant future growth.

Snapshot

PHINIA Inc. reported $3.48B in revenue in fiscal 2025, up 2.4% year over year, with an operating margin of 7.3%.

Revenue (FY2025): $3.48B
YoY growth: +2.4%
Operating margin: 7.3%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	3,483,000	3,403,000	3,500,000	3,348,000
Cost of Sales	2,721,000	2,647,000	2,776,000	2,627,000
Gross Profit	762,000	756,000	724,000	721,000
Selling, General & Administrative Expenses	445,000	442,000	413,000	407,000
Other Operating Expenses	63,000	55,000	70,000	(4,000)
Operating Profit	254,000	259,000	241,000	318,000
Interest and Investment Income	29,000	27,000	23,000	17,000
Interest Expense	(81,000)	(99,000)	(56,000)	(20,000)
Non-Operating Income	(4,000)	(2,000)	—	32,000
Total Non-Operating Income	(56,000)	(74,000)	(33,000)	29,000
Income Before Provision for Income Taxes	198,000	187,000	206,000	347,000
Provision for Income Taxes	68,000	108,000	104,000	85,000
Consolidated Net Income	130,000	79,000	102,000	262,000
Net Income Attributable to Common Shareholders	130,000	79,000	102,000	262,000
Basic EPS	3.31	1.80	2.17	5.57
Diluted EPS	3.24	1.76	2.17	5.57
Basic Weighted Average Shares Outstanding	39,300	44,000	46,900	47,000
Diluted Weighted Average Shares Outstanding	40,100	44,800	47,000	47,000
Shares Outstanding	37,915	41,644	46,164	—

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	359,000	484,000	365,000	251,000
Total Cash and Cash Equivalents	359,000	484,000	365,000	251,000
Accounts Receivable	804,000	817,000	1,017,000	891,000
Total Trade Receivables	804,000	817,000	1,017,000	891,000
Inventories	473,000	444,000	487,000	459,000
Other Current Assets	126,000	96,000	58,000	40,000
Total Current Assets	1,762,000	1,841,000	1,927,000	1,641,000
Net Property, Plant & Equipment	876,000	843,000	921,000	922,000
Net Intangible Assets	398,000	374,000	417,000	432,000
Goodwill	509,000	471,000	499,000	490,000
Long-Term Investments	145,000	111,000	115,000	325,000
Other Long-Term Assets	127,000	128,000	162,000	264,000
Total Assets	3,817,000	3,768,000	4,041,000	4,074,000
Accounts Payable	510,000	522,000	639,000	686,000
Short-Term Debt	3,000	25,000	89,000	—
Other Current Liabilities	434,000	422,000	420,000	484,000
Total Current Liabilities	947,000	969,000	1,148,000	1,170,000
Long-Term Debt	967,000	963,000	709,000	26,000
Other Long-Term Liabilities	316,000	262,000	297,000	1,235,000
Total Long-Term Liabilities	1,283,000	1,225,000	1,006,000	1,261,000
Total Liabilities	2,230,000	2,194,000	2,154,000	2,431,000
Common Stock	1,000	1,000	1,000	—
Treasury Stock	(426,000)	(230,000)	(23,000)	—
Additional Paid-in Capital	1,978,000	1,976,000	2,031,000	1,731,000
Accumulated Other Comprehensive Income	(98,000)	(217,000)	(131,000)	(88,000)
Retained Earnings	132,000	44,000	9,000	—
Total Common Shareholders' Equity	1,587,000	1,574,000	1,887,000	1,643,000
Total Shareholders' Equity	1,587,000	1,574,000	1,887,000	1,643,000
Total Liabilities and Shareholders' Equity	3,817,000	3,768,000	4,041,000	4,074,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	130,000	79,000	102,000	—
Depreciation & Amortization	157,000	160,000	171,000	—
Share-Based Compensation Expense	18,000	14,000	10,000	—
Other Adjustments	(20,000)	32,000	47,000	—
Changes in Trade Receivables	69,000	149,000	79,000	—
Changes in Inventories	6,000	23,000	(4,000)	—
Changes in Accounts Payable	(26,000)	(114,000)	(95,000)	—
Changes in Income Taxes Payable	(21,000)	(9,000)	—	—
Changes in Other Operating Activities	(4,000)	(48,000)	(38,000)	—
Cash from Operating Activities	312,000	308,000	250,000	303,000
Capital Expenditure	(124,000)	(105,000)	(150,000)	(107,000)
Proceeds from Sale of Property, Plant & Equipment	1,000	5,000	2,000	2,000
Purchases of Investments	—	(1,000)	(2,000)	—
Payments for Business Acquisitions	(9,000)	—	—	—
Cash from Investing Activities	(132,000)	(101,000)	(150,000)	(105,000)
Issuance of Short-Term Debt	1,000	(75,000)	75,000	—
Net Issuance / (Repayments) of Short-Term Debt	1,000	(75,000)	75,000	—
Issuance of Long-Term Debt	—	975,000	708,000	—
Repayments of Long-Term Debt	(56,000)	(722,000)	(4,000)	(1,000)
Net Issuance / (Repayments) of Long-Term Debt	(56,000)	253,000	704,000	(1,000)
Repurchases of Common Shares	(202,000)	(212,000)	(24,000)	—
Net Issuance / (Repurchases) of Common Shares	(202,000)	(212,000)	(24,000)	—
Common Share Dividends Paid	(42,000)	(44,000)	(23,000)	—
Other Financing Activities	(11,000)	(18,000)	(712,000)	(184,000)
Cash from Financing Activities	(310,000)	(96,000)	20,000	(185,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	5,000	8,000	(6,000)	(21,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(125,000)	119,000	114,000	(8,000)

Key metrics

$2.38B

Market Cap

19.35x

P/E

0.68x

P/S

7.27x

EV/EBITDA

8.2%

Return on Equity

5.8%

Return on Invested Capital

1.86x

Current Ratio

1.7%

Dividend Yield

5.4%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$878M	+10.3%	7.9%	$69M
Q4 2025	$889M	+6.7%	7.8%	$69M
Q3 2025	$908M	+8.2%	3.7%	$34M
Q2 2025	$890M	+2.5%	10.0%	$89M
Q1 2025	$796M	—	7.8%	$62M
Q4 2024	$833M	—	6.1%	$51M
Q3 2024	$839M	—	7.9%	$66M
Q2 2024	$868M	—	8.2%	$71M

Margins

21.9%

Gross margin

7.3%

Operating margin

3.7%

Net margin

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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