PHINIA INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.5B | $3.4B | $3.5B | $3.3B | $3.2B |
| Cost of revenue | $2.7B | $2.6B | $2.8B | $2.6B | $2.6B |
| Gross profit | $762.0M | $756.0M | $724.0M | $721.0M | $676.0M |
| Selling, general & administrative | $445.0M | $442.0M | $413.0M | $407.0M | $460.0M |
| Research and development | $105.0M | $112.0M | $108.0M | $104.0M | $132.0M |
| Operating income | $254.0M | $259.0M | $241.0M | $318.0M | $174.0M |
| Interest expense | $81.0M | $99.0M | $56.0M | $20.0M | $35.0M |
| Pretax income | $198.0M | $187.0M | $206.0M | $347.0M | $186.0M |
| Income tax expense | $68.0M | $108.0M | $104.0M | $85.0M | $33.0M |
| Net income | $130.0M | $79.0M | $102.0M | $262.0M | $152.0M |
| Balance Sheet | |||||
| Cash and equivalents | $359.0M | $484.0M | $365.0M | $251.0M | — |
| Current assets | $1.8B | $1.8B | $1.9B | $1.6B | — |
| Total assets | $3.8B | $3.8B | $4.0B | $4.1B | $4.2B |
| Current liabilities | $947.0M | $969.0M | $1.1B | $1.2B | — |
| Total liabilities | $2.2B | $2.2B | $2.2B | $2.4B | — |
| Total debt | $968.0M | $988.0M | — | — | — |
| Stockholders' equity | $1.6B | $1.6B | $1.9B | $1.6B | $1.7B |
| Cash Flow Statement | |||||
| Cash from operations | $312.0M | $308.0M | $250.0M | $303.0M | $147.0M |
| Depreciation and amortization | $157.0M | $160.0M | $170.0M | $170.0M | $204.0M |
| Stock-based compensation | $18.0M | $14.0M | $10.0M | $11.0M | $11.0M |
| Capital expenditure | $124.0M | $105.0M | $150.0M | $107.0M | $146.0M |
| Free cash flow | $188.0M | $203.0M | $100.0M | $196.0M | $1.0M |
| Dividends paid | $42.0M | $44.0M | $23.0M | — | — |
| Share repurchases | — | — | $24.0M | $0 | — |
| Impairments | $0 | $21.0M | $0 | $5.0M | $14.0M |
Shares outstanding 37.0M · Free float 97.8%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.