PHINIA (PHIN) Financials

$39.49 +0.83 (+2.15%)

Closing price 03:59 PM Eastern

Extended Trading

$38.72 -0.77 (-1.94%)

As of 05:23 PM Eastern

Annual Income Statements for PHINIA

This table shows PHINIA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	152	262	102	79
Consolidated Net Income / (Loss)	153	262	102	79
Net Income / (Loss) Continuing Operations	153	262	102	79
Total Pre-Tax Income	186	347	206	187
Total Operating Income	174	318	241	259
Total Gross Profit	676	721	724	756
Total Revenue	3,227	3,348	3,500	3,403
Operating Revenue	3,227	3,348	3,500	3,403
Total Cost of Revenue	2,551	2,627	2,776	2,647
Operating Cost of Revenue	2,551	2,627	2,776	2,647
Total Operating Expenses	502	403	483	497
Selling, General & Admin Expense	460	407	413	442
Other Operating Expenses / (Income)	-13	-4.00	70	55
Total Other Income / (Expense), net	12	29	-35	-72
Interest Expense	35	20	56	99
Interest & Investment Income	8.00	17	23	27
Other Income / (Expense), net	39	32	-2.00	0.00
Income Tax Expense	33	85	104	108
Basic Earnings per Share	$3.23	$5.57	$2.17	$1.80
Weighted Average Basic Shares Outstanding	47M	47M	46.90M	44M
Diluted Earnings per Share	$3.23	$5.57	$2.17	$1.76
Weighted Average Diluted Shares Outstanding	47M	47M	47M	44.80M
Weighted Average Basic & Diluted Shares Outstanding	-	-	46.16M	40.81M
Cash Dividends to Common per Share	-	-	$0.50	$1.00

This table shows PHINIA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	89	35	35	-1.00	33	29	14	31	5.00
Consolidated Net Income / (Loss)	89	35	35	-1.00	33	29	14	31	5.00
Net Income / (Loss) Continuing Operations	89	35	35	-1.00	33	29	14	31	5.00
Total Pre-Tax Income	121	58	56	30	62	56	37	53	41
Total Operating Income	111	58	56	46	81	71	71	66	51
Total Gross Profit	201	172	189	177	186	192	188	187	189
Total Revenue	859	835	887	896	882	863	868	839	833
Operating Revenue	859	835	887	896	882	863	868	839	833
Total Cost of Revenue	658	663	698	719	696	671	680	652	644
Operating Cost of Revenue	658	663	698	719	696	671	680	652	644
Total Operating Expenses	90	114	133	131	105	121	117	121	138
Selling, General & Admin Expense	100	99	103	104	107	104	112	108	118
Other Operating Expenses / (Income)	-10	15	30	27	-2.00	17	5.00	13	20
Total Other Income / (Expense), net	10	0.00	0.00	-16	-19	-15	-34	-13	-10
Interest Expense	5.00	6.00	6.00	22	22	22	39	20	18
Interest & Investment Income	7.00	6.00	5.00	6.00	6.00	7.00	6.00	7.00	7.00
Income Tax Expense	32	23	21	31	29	27	23	22	36
Basic Earnings per Share	$1.89	$0.75	$0.74	($0.02)	$0.70	$0.63	$0.31	$0.72	$0.14
Weighted Average Basic Shares Outstanding	47M	47M	47M	47M	46.90M	46.10M	44.80M	43.10M	44M
Diluted Earnings per Share	$1.89	$0.75	$0.74	($0.02)	$0.70	$0.62	$0.31	$0.70	$0.13
Weighted Average Diluted Shares Outstanding	47M	47M	47M	47M	47M	46.50M	45.70M	44.10M	44.80M
Weighted Average Basic & Diluted Shares Outstanding	-	-	47.01M	46.69M	46.16M	45.68M	43.68M	42.06M	40.81M

This table details how cash moves in and out of PHINIA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	-180	-311	-136	-189
Net Cash From Operating Activities	147	303	250	308
Net Cash From Continuing Operating Activities	0.00	0.00	0.00	0.00
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00
Net Cash From Investing Activities	-140	-105	-150	-101
Net Cash From Continuing Investing Activities	-140	-105	-150	-101
Purchase of Property, Plant & Equipment	-146	-107	-150	-105
Purchase of Investments	0.00	0.00	-2.00	-1.00
Sale of Property, Plant & Equipment	6.00	2.00	2.00	2.00
Other Investing Activities, net	-	0.00	0.00	3.00
Net Cash From Financing Activities	-44	-185	20	-96
Net Cash From Continuing Financing Activities	-44	-185	20	-96
Repayment of Debt	-52	22	-636	-815
Repurchase of Preferred Equity	-	0.00	-24	-212
Payment of Dividends	0.00	-3.00	-23	-44
Issuance of Debt	0.00	0.00	708	975
Other Financing Activities, net	8.00	-204	-5.00	0.00
Effect of Exchange Rate Changes	4.00	-21	-6.00	8.00

This table details how cash moves in and out of PHINIA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	23	-250	-70	32	-34	-64	-52	26	-97	-66
Net Cash From Operating Activities	45	181	-33	66	155	62	31	109	95	73
Net Cash From Investing Activities	-22	-25	-38	-42	-37	-33	-42	-17	-25	-17
Net Cash From Continuing Investing Activities	-22	-25	-38	-42	-37	-33	-42	-17	-25	-17
Purchase of Property, Plant & Equipment	-26	-21	-38	-42	-37	-33	-43	-17	-25	-20
Net Cash From Financing Activities	-	-82	-3.00	3.00	50	-30	-41	-85	65	-35
Net Cash From Continuing Financing Activities	-	-82	-3.00	3.00	50	-30	-41	-85	65	-35
Repurchase of Preferred Equity	-	-	0.00	-	-9.00	-15	-23	-90	-75	-24
Payment of Dividends	-	-	0.00	-	-12	-11	-12	-11	-10	-11
Effect of Exchange Rate Changes	-	-	-	-	-14	-1.00	-	-	3.00	-14

This table presents PHINIA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	4,074	4,041	3,768
Total Current Assets	1,641	1,927	1,841
Cash & Equivalents	251	365	484
Accounts Receivable	891	1,017	817
Inventories, net	459	487	444
Prepaid Expenses	40	58	96
Plant, Property, & Equipment, net	0.00	921	843
Total Noncurrent Assets	2,433	1,193	1,084
Long-Term Investments	325	115	111
Goodwill	490	499	471
Intangible Assets	432	417	374
Other Noncurrent Operating Assets	1,186	162	128
Total Liabilities & Shareholders' Equity	4,074	4,041	3,768
Total Liabilities	2,431	2,154	2,194
Total Current Liabilities	1,170	1,148	969
Short-Term Debt	0.00	89	25
Accounts Payable	686	639	522
Other Current Liabilities	484	420	422
Total Noncurrent Liabilities	1,261	1,006	1,225
Long-Term Debt	26	709	963
Noncurrent Employee Benefit Liabilities	79	132	112
Other Noncurrent Operating Liabilities	1,156	165	150
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,643	1,887	1,574
Total Preferred & Common Equity	1,643	1,887	1,574
Total Common Equity	1,643	1,887	1,574
Common Stock	0.00	2,032	1,977
Retained Earnings	0.00	9.00	44
Treasury Stock	0.00	-23	-230
Accumulated Other Comprehensive Income / (Loss)	-88	-131	-217

This table presents PHINIA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,869	4,191	3,978	3,873	4,024
Total Current Assets	1,670	2,124	1,917	1,858	1,976
Cash & Equivalents	-	-	325	339	477
Accounts Receivable	891	1,175	1,023	964	920
Inventories, net	518	529	489	471	486
Prepaid Expenses	48	53	80	84	93
Plant, Property, & Equipment, net	0.00	889	888	870	882
Total Noncurrent Assets	2,199	1,178	1,173	1,145	1,166
Long-Term Investments	92	130	120	123	125
Goodwill	490	486	491	483	496
Intangible Assets	421	411	403	393	397
Other Noncurrent Operating Assets	1,196	151	159	146	148
Total Liabilities & Shareholders' Equity	3,869	4,191	3,978	3,873	4,024
Total Liabilities	1,877	2,299	2,128	2,126	2,320
Total Current Liabilities	947	1,321	1,122	1,005	1,022
Short-Term Debt	-	87	90	13	0.00
Accounts Payable	577	817	612	572	588
Other Current Liabilities	370	417	420	420	434
Total Noncurrent Liabilities	930	978	1,006	1,121	1,298
Long-Term Debt	668	713	706	821	987
Noncurrent Employee Benefit Liabilities	83	94	133	132	137
Other Noncurrent Operating Liabilities	179	171	167	168	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,992	1,892	1,850	1,747	1,704
Total Preferred & Common Equity	1,992	1,892	1,850	1,747	1,704
Total Common Equity	1,992	1,892	1,850	1,747	1,704
Common Stock	-	2,024	2,019	2,020	1,975
Retained Earnings	-	-1.00	26	29	50
Treasury Stock	-	-9.00	-42	-130	-206
Accumulated Other Comprehensive Income / (Loss)	-61	-122	-153	-172	-115

This table displays calculated financial ratios and metrics derived from PHINIA's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	3.75%	4.54%	-2.77%
EBITDA Growth	0.00%	64.32%	-31.71%	8.37%
EBIT Growth	0.00%	64.32%	-31.71%	8.37%
NOPAT Growth	0.00%	67.75%	-50.30%	-8.31%
Net Income Growth	0.00%	71.24%	-61.07%	-22.55%
EPS Growth	0.00%	72.45%	-61.04%	-18.89%
Operating Cash Flow Growth	0.00%	106.12%	-17.49%	23.20%
Free Cash Flow Firm Growth	0.00%	0.00%	-16.39%	135.00%
Invested Capital Growth	0.00%	0.00%	101.74%	-10.79%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-1.42%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-10.38%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-10.38%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-26.40%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-26.17%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-24.46%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-32.25%	3.70%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-5.84%
Profitability Metrics	-	-	-	-
Gross Margin	20.95%	21.54%	20.69%	22.22%
EBITDA Margin	6.60%	10.45%	6.83%	7.61%
Operating Margin	5.39%	9.50%	6.89%	7.61%
EBIT Margin	6.60%	10.45%	6.83%	7.61%
Profit (Net Income) Margin	4.74%	7.83%	2.91%	2.32%
Tax Burden Percent	82.26%	75.50%	49.51%	42.25%
Interest Burden Percent	87.32%	99.14%	86.19%	72.20%
Effective Tax Rate	17.74%	24.50%	50.49%	57.75%
Return on Invested Capital (ROIC)	0.00%	43.93%	7.24%	5.25%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	35.97%	22.18%	-3.31%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-12.04%	-1.46%	-0.68%
Return on Equity (ROE)	0.00%	31.89%	5.78%	4.57%
Cash Return on Invested Capital (CROIC)	0.00%	-156.07%	-60.20%	16.65%
Operating Return on Assets (OROA)	0.00%	8.59%	5.89%	6.63%
Return on Assets (ROA)	0.00%	6.43%	2.51%	2.02%
Return on Common Equity (ROCE)	0.00%	31.89%	5.78%	4.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.95%	5.41%	5.02%
Net Operating Profit after Tax (NOPAT)	143	240	119	109
NOPAT Margin	4.44%	7.17%	3.41%	3.22%
Net Nonoperating Expense Percent (NNEP)	0.00%	7.96%	-14.94%	8.56%
Return On Investment Capital (ROIC_SIMPLE)	-	14.39%	4.44%	4.27%
Cost of Revenue to Revenue	79.05%	78.46%	79.31%	77.78%
SG&A Expenses to Revenue	14.25%	12.16%	11.80%	12.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.56%	12.04%	13.80%	14.60%
Earnings before Interest and Taxes (EBIT)	213	350	239	259
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	213	350	239	259
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.73	1.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.42	2.78
Price to Revenue (P/Rev)	0.00	0.00	0.39	0.60
Price to Earnings (P/E)	0.00	0.00	13.55	25.64
Dividend Yield	0.00%	0.00%	1.69%	2.08%
Earnings Yield	0.00%	0.00%	7.38%	3.90%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.77	1.23
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.49	0.71
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	7.11	9.34
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	7.11	9.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.25	22.11
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	6.80	7.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	6.96
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.02	0.42	0.63
Long-Term Debt to Equity	0.00	0.02	0.38	0.61
Financial Leverage	0.00	-0.33	-0.07	0.21
Leverage Ratio	0.00	2.48	2.30	2.26
Compound Leverage Factor	0.00	2.46	1.98	1.63
Debt to Total Capital	0.00%	1.56%	29.72%	38.56%
Short-Term Debt to Total Capital	0.00%	0.00%	3.31%	0.98%
Long-Term Debt to Total Capital	0.00%	1.56%	26.41%	37.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	98.44%	70.28%	61.44%
Debt to EBITDA	0.00	0.07	3.34	3.81
Net Debt to EBITDA	0.00	-1.57	1.33	1.52
Long-Term Debt to EBITDA	0.00	0.07	2.97	3.72
Debt to NOPAT	0.00	0.11	6.69	9.03
Net Debt to NOPAT	0.00	-2.29	2.66	3.59
Long-Term Debt to NOPAT	0.00	0.11	5.94	8.80
Altman Z-Score	0.00	0.00	1.68	1.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	1.40	1.68	1.90
Quick Ratio	0.00	0.98	1.20	1.34
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-853	-993	347
Operating Cash Flow to CapEx	105.00%	288.57%	168.92%	299.03%
Free Cash Flow to Firm to Interest Expense	0.00	-42.64	-17.73	3.51
Operating Cash Flow to Interest Expense	4.20	15.15	4.46	3.11
Operating Cash Flow Less CapEx to Interest Expense	0.20	9.90	1.82	2.07
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.82	0.86	0.87
Accounts Receivable Turnover	0.00	3.76	3.67	3.71
Inventory Turnover	0.00	5.72	5.87	5.69
Fixed Asset Turnover	0.00	0.00	0.00	3.86
Accounts Payable Turnover	0.00	3.83	4.19	4.56
Days Sales Outstanding (DSO)	0.00	97.14	99.49	98.36
Days Inventory Outstanding (DIO)	0.00	63.77	62.19	64.19
Days Payable Outstanding (DPO)	0.00	95.31	87.11	80.05
Cash Conversion Cycle (CCC)	0.00	65.60	74.57	82.50
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	1,093	2,205	1,967
Invested Capital Turnover	0.00	6.13	2.12	1.63
Increase / (Decrease) in Invested Capital	0.00	1,093	1,112	-238
Enterprise Value (EV)	0.00	0.00	1,700	2,419
Market Capitalization	0.00	0.00	1,382	2,026
Book Value per Share	$0.00	$34.96	$40.42	$37.42
Tangible Book Value per Share	$0.00	$15.34	$20.80	$17.33
Total Capital	0.00	1,669	2,685	2,562
Total Debt	0.00	26	798	988
Total Long-Term Debt	0.00	26	709	963
Net Debt	0.00	-550	318	393
Capital Expenditures (CapEx)	140	105	148	103
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	220	503	413
Debt-free Net Working Capital (DFNWC)	0.00	471	868	897
Net Working Capital (NWC)	0.00	471	779	872
Net Nonoperating Expense (NNE)	-9.87	-22	17	30
Net Nonoperating Obligations (NNO)	0.00	-550	318	393
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	6.57%	14.37%	12.14%
Debt-free Net Working Capital to Revenue	0.00%	14.07%	24.80%	26.36%
Net Working Capital to Revenue	0.00%	14.07%	22.26%	25.62%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.17	$1.80
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	46.90M	44M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.17	$1.76
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	47M	44.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	46.16M	40.81M
Normalized Net Operating Profit after Tax (NOPAT)	188	240	169	181
Normalized NOPAT Margin	5.84%	7.17%	4.82%	5.33%
Pre Tax Income Margin	5.76%	10.36%	5.89%	5.50%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	6.09	17.50	4.27	2.62
NOPAT to Interest Expense	4.09	12.01	2.13	1.11
EBIT Less CapEx to Interest Expense	2.09	12.25	1.63	1.58
NOPAT Less CapEx to Interest Expense	0.09	6.76	-0.51	0.06
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	1.15%	22.55%	55.70%
Augmented Payout Ratio	0.00%	1.15%	22.55%	55.70%

This table displays calculated financial ratios and metrics derived from PHINIA's official financial filings.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	11.43%	4.31%	0.00%	3.35%	-2.14%	-6.36%	-5.56%
EBITDA Growth	0.00%	0.00%	75.44%	-71.60%	0.00%	13.13%	10.00%	43.48%	-37.04%
EBIT Growth	0.00%	0.00%	0.00%	-61.34%	0.00%	22.41%	22.81%	43.48%	-37.04%
NOPAT Growth	0.00%	0.00%	-5.92%	-101.88%	0.00%	5.05%	-23.24%	2,617.64%	-85.57%
Net Income Growth	0.00%	0.00%	-14.63%	-101.12%	0.00%	-17.14%	-60.00%	3,200.00%	-84.85%
EPS Growth	0.00%	0.00%	0.00%	-101.06%	0.00%	-17.33%	-58.11%	3,600.00%	-81.43%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	244.44%	-65.75%	193.94%	65.15%	-38.71%	17.74%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	111.33%	106.58%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10.02%	-4.83%	-10.79%
Revenue Q/Q Growth	7.91%	0.00%	6.23%	1.01%	-1.56%	-2.15%	0.58%	-3.34%	-0.72%
EBITDA Q/Q Growth	184.21%	0.00%	1.01%	-54.00%	76.09%	62.32%	-1.79%	-40.00%	-22.73%
EBIT Q/Q Growth	108.77%	0.00%	-1.72%	-19.30%	76.09%	2.90%	-1.41%	-5.71%	-22.73%
NOPAT Q/Q Growth	119.45%	0.00%	0.00%	-104.38%	2,911.71%	26.87%	-26.93%	43.70%	-83.89%
Net Income Q/Q Growth	117.07%	0.00%	0.00%	-102.86%	3,400.00%	38.10%	-51.72%	121.43%	-83.87%
EPS Q/Q Growth	0.00%	0.00%	-1.33%	-102.70%	3,600.00%	40.91%	-50.00%	125.81%	-81.43%
Operating Cash Flow Q/Q Growth	0.00%	-118.23%	300.00%	134.85%	-60.00%	-50.00%	251.61%	-12.84%	-23.16%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	5.32%	100.00%	0.00%	112.15%	-44.99%	68.89%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-6.79%	0.46%	-0.18%	-3.73%	-1.42%	-5.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	23.40%	20.60%	21.31%	19.75%	21.09%	22.25%	21.66%	22.29%	22.69%
EBITDA Margin	18.86%	11.86%	11.27%	5.13%	9.18%	12.98%	12.67%	7.87%	6.12%
Operating Margin	12.92%	6.95%	6.31%	5.13%	9.18%	8.23%	8.18%	7.87%	6.12%
EBIT Margin	13.85%	6.95%	6.43%	5.13%	9.18%	8.23%	8.06%	7.87%	6.12%
Profit (Net Income) Margin	10.36%	4.19%	3.95%	-0.11%	3.74%	3.36%	1.61%	3.69%	0.60%
Tax Burden Percent	73.55%	60.34%	62.50%	-3.33%	53.23%	51.79%	37.84%	58.49%	12.20%
Interest Burden Percent	101.68%	100.00%	98.25%	65.22%	76.54%	78.87%	52.86%	80.30%	80.39%
Effective Tax Rate	26.45%	39.66%	37.50%	103.33%	46.77%	48.21%	62.16%	41.51%	87.80%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	7.76%	13.66%	4.85%	7.42%	1.22%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	4.58%	9.23%	1.35%	5.20%	0.88%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.77%	1.75%	0.27%	1.00%	0.18%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	8.53%	15.41%	5.12%	8.41%	1.40%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-45.02%	0.00%	0.00%	0.00%	16.65%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	7.92%	7.30%	7.31%	6.61%	5.34%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	3.23%	2.98%	1.46%	3.11%	0.52%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	8.53%	15.41%	5.12%	8.41%	1.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.19%	4.29%	6.28%	0.00%
Net Operating Profit after Tax (NOPAT)	82	35	35	-1.53	43	37	27	39	6.22
NOPAT Margin	9.50%	4.19%	3.95%	-0.17%	4.89%	4.26%	3.10%	4.60%	0.75%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-0.35%	3.18%	4.43%	3.50%	2.21%	0.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	1.61%	-	-	-	0.24%
Cost of Revenue to Revenue	76.60%	79.40%	78.69%	80.25%	78.91%	77.75%	78.34%	77.71%	77.31%
SG&A Expenses to Revenue	11.64%	11.86%	11.61%	11.61%	12.13%	12.05%	12.90%	12.87%	14.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.48%	13.65%	14.99%	14.62%	11.90%	14.02%	13.48%	14.42%	16.57%
Earnings before Interest and Taxes (EBIT)	119	58	57	46	81	71	70	66	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	162	99	100	46	81	112	110	66	51
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.65	0.73	0.96	1.02	1.18	1.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1.23	1.42	1.86	2.05	2.48	2.78
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.39	0.50	0.51	0.58	0.60
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	13.55	18.48	23.85	18.79	25.64
Dividend Yield	0.00%	0.00%	0.00%	0.96%	1.69%	1.97%	2.55%	2.72%	2.08%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	7.38%	5.41%	4.19%	5.32%	3.90%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.70	0.77	0.97	1.02	1.15	1.23
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.49	0.60	0.62	0.69	0.71
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	7.11	8.37	8.03	8.29	9.34
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	7.11	8.37	8.03	8.29	9.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	14.25	17.78	19.81	16.11	22.11
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	4.14	6.80	6.77	6.05	8.07	7.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.34	0.42	0.42	0.43	0.48	0.58	0.63
Long-Term Debt to Equity	0.00	0.00	0.34	0.38	0.38	0.38	0.47	0.58	0.61
Financial Leverage	0.00	0.00	0.18	0.16	0.17	0.19	0.20	0.19	0.21
Leverage Ratio	0.00	0.00	1.94	2.22	2.30	2.15	2.07	2.28	2.26
Compound Leverage Factor	0.00	0.00	1.91	1.44	1.76	1.70	1.09	1.83	1.81
Debt to Total Capital	0.00%	0.00%	25.11%	29.72%	29.72%	30.08%	32.31%	36.68%	38.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	3.23%	3.31%	3.40%	0.50%	0.00%	0.98%
Long-Term Debt to Total Capital	0.00%	0.00%	25.11%	26.49%	26.41%	26.68%	31.81%	36.68%	37.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	74.89%	70.28%	70.28%	69.92%	67.69%	63.32%	61.44%
Debt to EBITDA	0.00	0.00	0.00	0.00	3.34	3.13	3.10	3.42	3.81
Net Debt to EBITDA	0.00	0.00	0.00	0.00	1.33	1.38	1.38	1.33	1.52
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	2.97	2.78	3.05	3.42	3.72
Debt to NOPAT	0.00	0.00	0.00	0.00	6.69	6.66	7.65	6.64	9.03
Net Debt to NOPAT	0.00	0.00	0.00	0.00	2.66	2.94	3.41	2.59	3.59
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	5.94	5.91	7.53	6.64	8.80
Altman Z-Score	0.00	0.00	0.00	0.00	1.55	1.70	1.75	1.73	1.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	1.76	1.61	1.68	1.71	1.85	1.93	1.90
Quick Ratio	0.00	0.00	0.94	0.89	1.20	1.20	1.30	1.37	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-2,320	-2,197	0.00	-2,164	263	145	244
Operating Cash Flow to CapEx	195.65%	-86.84%	165.00%	418.92%	187.88%	73.81%	641.18%	395.83%	365.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-386.67	-99.84	0.00	-98.37	6.74	7.23	13.57
Operating Cash Flow to Interest Expense	9.00	-5.50	11.00	7.05	2.82	1.41	2.79	4.75	4.06
Operating Cash Flow Less CapEx to Interest Expense	4.40	-11.83	4.33	5.36	1.32	-0.50	2.36	3.55	2.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.86	0.89	0.91	0.84	0.87
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	3.67	3.45	3.78	3.30	3.71
Inventory Turnover	0.00	0.00	0.00	0.00	5.87	5.69	5.59	5.32	5.69
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	3.97	0.00	3.90	3.86
Accounts Payable Turnover	0.00	0.00	0.00	0.00	4.19	4.55	4.81	3.84	4.56
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	99.49	105.84	96.48	110.76	98.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	62.19	64.11	65.25	68.63	64.19
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	87.11	80.24	75.81	95.00	80.05
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	74.57	89.71	85.92	84.39	82.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	2,355	2,195	2,205	2,201	2,119	2,089	1,967
Invested Capital Turnover	0.00	0.00	0.00	0.00	1.59	3.21	1.57	1.61	1.63
Increase / (Decrease) in Invested Capital	0.00	0.00	2,355	2,195	0.00	2,201	-236	-106	-238
Enterprise Value (EV)	0.00	0.00	0.00	1,528	1,700	2,125	2,160	2,395	2,419
Market Capitalization	0.00	0.00	0.00	1,225	1,382	1,774	1,788	2,010	2,026
Book Value per Share	$0.00	$0.00	$42.38	$40.24	$40.42	$40.13	$38.24	$39.01	$37.42
Tangible Book Value per Share	$0.00	$0.00	$23.00	$21.16	$20.80	$20.74	$19.07	$18.57	$17.33
Total Capital	0.00	0.00	2,660	2,692	2,685	2,646	2,581	2,691	2,562
Total Debt	0.00	0.00	668	800	798	796	834	987	988
Total Long-Term Debt	0.00	0.00	668	713	709	706	821	987	963
Net Debt	0.00	0.00	363	303	318	351	372	385	393
Capital Expenditures (CapEx)	23	38	40	37	33	42	17	24	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	510	523	503	560	527	477	413
Debt-free Net Working Capital (DFNWC)	0.00	0.00	723	890	868	885	866	954	897
Net Working Capital (NWC)	0.00	0.00	723	803	779	795	853	954	872
Net Nonoperating Expense (NNE)	-7.36	0.00	0.00	-0.53	10	7.77	13	7.60	1.22
Net Nonoperating Obligations (NNO)	0.00	0.00	363	303	318	351	372	385	393
Total Depreciation and Amortization (D&A)	43	41	43	0.00	0.00	41	40	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	14.37%	15.87%	15.02%	13.82%	12.14%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	24.80%	25.09%	24.68%	27.64%	26.36%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	22.26%	22.53%	24.31%	27.64%	25.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.24	$0.70	$0.63	$0.31	$0.72	$0.14
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	47.01M	47M	46.90M	46.10M	44.80M	43.10M	44M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.24	$0.70	$0.62	$0.31	$0.70	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	47.01M	47.10M	47M	46.50M	45.70M	44.10M	44.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	47.01M	46.69M	46.16M	45.68M	43.68M	42.06M	40.81M
Normalized Net Operating Profit after Tax (NOPAT)	82	35	35	32	43	37	50	39	36
Normalized NOPAT Margin	9.50%	4.19%	3.95%	3.59%	4.89%	4.26%	5.73%	4.60%	4.29%
Pre Tax Income Margin	14.09%	6.95%	6.31%	3.35%	7.03%	6.49%	4.26%	6.32%	4.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	23.80	9.67	9.50	2.09	3.68	3.23	1.79	3.30	2.83
NOPAT to Interest Expense	16.33	5.83	5.83	-0.07	1.96	1.67	0.69	1.93	0.35
EBIT Less CapEx to Interest Expense	19.20	3.33	2.83	0.41	2.18	1.32	1.36	2.10	1.72
NOPAT Less CapEx to Interest Expense	11.73	-0.50	-0.83	-1.75	0.46	-0.24	0.25	0.73	-0.77
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	22.55%	36.46%	61.33%	41.12%	55.70%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	22.55%	36.46%	61.33%	41.12%	55.70%

Frequently Asked Questions About PHINIA's Financials

When does PHINIA's financial year end?

According to the most recent income statement we have on file, PHINIA's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has PHINIA's net income changed over the last 3 years?

PHINIA's net income appears to be on a downward trend, with a most recent value of $79 million in 2024, falling from $153 million in 2021. The previous period was $102 million in 2023.

What is PHINIA's operating income?

PHINIA's total operating income in 2024 was $259 million, based on the following breakdown:

Total Gross Profit: $756 million
Total Operating Expenses: $497 million

How has PHINIA revenue changed over the last 3 years?

Over the last 3 years, PHINIA's total revenue changed from $3.23 billion in 2021 to $3.40 billion in 2024, a change of 5.5%.

How much debt does PHINIA have?

PHINIA's total liabilities were at $2.19 billion at the end of 2024, a 1.9% increase from 2023, and a 9.7% decrease since 2022.

How much cash does PHINIA have?

In the past 2 years, PHINIA's cash and equivalents has ranged from $251 million in 2022 to $484 million in 2024, and is currently $484 million as of their latest financial filing in 2024.

How has PHINIA's book value per share changed over the last 3 years?

Over the last 3 years, PHINIA's book value per share changed from 0.00 in 2021 to 37.42 in 2024, a change of 3,742.4%.

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This page (NYSE:PHIN) was last updated on 4/15/2025 by MarketBeat.com Staff

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PHINIA (PHIN) Financials

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PHINIA (PHIN) Financials

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