Aptiv (APTV)
Market Price (9/2/2026): $44.85 | Market Cap: $9.5 BilInvestor Relations Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Aptiv (APTV)
Market Price (9/2/2026): $44.85Market Cap: $9.5 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% Attractive yieldFCF Yield is 7.2% Stock buyback supportStock Buyback 3Y Total is 5.1 Bil Low stock price volatilityVol 12M is 43% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Autonomous Technologies, and Artificial Intelligence. Themes include Autonomous Driving Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -127% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 43x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% Key risksAPTV key risks include [1] its vulnerability to automotive production cycles and shifting OEM investment strategies, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% |
| Attractive yieldFCF Yield is 7.2% |
| Stock buyback supportStock Buyback 3Y Total is 5.1 Bil |
| Low stock price volatilityVol 12M is 43% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Autonomous Technologies, and Artificial Intelligence. Themes include Autonomous Driving Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -127% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 43x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% |
| Key risksAPTV key risks include [1] its vulnerability to automotive production cycles and shifting OEM investment strategies, Show more. |
Qualitative Assessment
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Updated on 9/1/2026
Aptiv (APTV) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Reduced Full-Year Financial Guidance Post-Q2 2026 Earnings.
Aptiv significantly lowered its full-year 2026 revenue guidance by $300 million at the midpoint, adjusting it to a range of $12.6 billion to $12.8 billion. This reduction, announced on August 4, 2026, alongside Q2 2026 results, overshadowed an adjusted EPS beat of $1.63 (versus a $1.42 consensus), causing a sharp stock decline of 14.81% on that day.
2. Weakness in the Chinese Automotive Market and European Exports.
The downward revision in guidance was primarily driven by "prolonged sales weakness in the domestic China market," where retail sales fell approximately 20% year-over-year. Additionally, there was "a further reduction in schedules from luxury European OEMs for vehicles exported to the China market."
Show more
Aptiv (APTV) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Reduced Full-Year Financial Guidance Post-Q2 2026 Earnings.
Aptiv significantly lowered its full-year 2026 revenue guidance by $300 million at the midpoint, adjusting it to a range of $12.6 billion to $12.8 billion. This reduction, announced on August 4, 2026, alongside Q2 2026 results, overshadowed an adjusted EPS beat of $1.63 (versus a $1.42 consensus), causing a sharp stock decline of 14.81% on that day.
2. Weakness in the Chinese Automotive Market and European Exports.
The downward revision in guidance was primarily driven by "prolonged sales weakness in the domestic China market," where retail sales fell approximately 20% year-over-year. Additionally, there was "a further reduction in schedules from luxury European OEMs for vehicles exported to the China market."
Show more
Updated on 9/1/2026
Aptiv (APTV) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Reduced Full-Year Financial Guidance Post-Q2 2026 Earnings.
Aptiv significantly lowered its full-year 2026 revenue guidance by $300 million at the midpoint, adjusting it to a range of $12.6 billion to $12.8 billion. This reduction, announced on August 4, 2026, alongside Q2 2026 results, overshadowed an adjusted EPS beat of $1.63 (versus a $1.42 consensus), causing a sharp stock decline of 14.81% on that day.
2. Weakness in the Chinese Automotive Market and European Exports.
The downward revision in guidance was primarily driven by "prolonged sales weakness in the domestic China market," where retail sales fell approximately 20% year-over-year. Additionally, there was "a further reduction in schedules from luxury European OEMs for vehicles exported to the China market."
3. Operational Delays and Software Timing Issues.
Management attributed the revised outlook to company-specific challenges including "production schedule changes, launch delays, and software timing issues concentrated in the second half of 2026," impacting revenue and earnings expectations.
4. Deterioration in Free Cash Flow.
Despite reporting stronger operating profitability, Aptiv experienced a significant weakening in its cash generation. Free cash flow for fiscal Q2 2026 was $12 million, a substantial decrease from $219 million in the prior year period. Year-to-date free cash flow also moved to a negative $(196) million outflow, compared to a positive $264 million in the first six months of 2025.
Show less
Aptiv (APTV) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Reduced Full-Year Financial Guidance Post-Q2 2026 Earnings.
Aptiv significantly lowered its full-year 2026 revenue guidance by $300 million at the midpoint, adjusting it to a range of $12.6 billion to $12.8 billion. This reduction, announced on August 4, 2026, alongside Q2 2026 results, overshadowed an adjusted EPS beat of $1.63 (versus a $1.42 consensus), causing a sharp stock decline of 14.81% on that day.
2. Weakness in the Chinese Automotive Market and European Exports.
The downward revision in guidance was primarily driven by "prolonged sales weakness in the domestic China market," where retail sales fell approximately 20% year-over-year. Additionally, there was "a further reduction in schedules from luxury European OEMs for vehicles exported to the China market."
3. Operational Delays and Software Timing Issues.
Management attributed the revised outlook to company-specific challenges including "production schedule changes, launch delays, and software timing issues concentrated in the second half of 2026," impacting revenue and earnings expectations.
4. Deterioration in Free Cash Flow.
Despite reporting stronger operating profitability, Aptiv experienced a significant weakening in its cash generation. Free cash flow for fiscal Q2 2026 was $12 million, a substantial decrease from $219 million in the prior year period. Year-to-date free cash flow also moved to a negative $(196) million outflow, compared to a positive $264 million in the first six months of 2025.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -34.0% change in APTV stock from 5/31/2026 to 9/1/2026 was primarily driven by a -40.0% change in the company's Net Income Margin (%).| (LTM values as of) | 5312026 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.94 | 44.85 | -34.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,650 | 18,725 | 0.4% |
| Net Income Margin (%) | 2.0% | 1.2% | -40.0% |
| P/E Multiple | 39.6 | 43.1 | 8.8% |
| Shares Outstanding (Mil) | 213 | 212 | 0.6% |
| Cumulative Contribution | -34.0% |
Market Drivers
5/31/2026 to 9/1/2026| Return | Correlation | |
|---|---|---|
| APTV | -34.0% | |
| Market (SPY) | 0.7% | 21.2% |
| Sector (XLY) | -5.2% | 30.1% |
Fundamental Drivers
The -39.0% change in APTV stock from 2/28/2026 to 9/1/2026 was primarily driven by a -55.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.54 | 44.85 | -39.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,389 | 18,725 | 1.8% |
| Net Income Margin (%) | 0.9% | 1.2% | 30.9% |
| P/E Multiple | 95.8 | 43.1 | -55.0% |
| Shares Outstanding (Mil) | 215 | 212 | 1.6% |
| Cumulative Contribution | -39.0% |
Market Drivers
2/28/2026 to 9/1/2026| Return | Correlation | |
|---|---|---|
| APTV | -39.0% | |
| Market (SPY) | 11.4% | 30.6% |
| Sector (XLY) | -1.7% | 36.6% |
Fundamental Drivers
The -43.6% change in APTV stock from 8/31/2025 to 9/1/2026 was primarily driven by a -79.4% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.53 | 44.85 | -43.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,785 | 18,725 | 5.3% |
| Net Income Margin (%) | 5.7% | 1.2% | -79.4% |
| P/E Multiple | 17.1 | 43.1 | 152.3% |
| Shares Outstanding (Mil) | 218 | 212 | 2.9% |
| Cumulative Contribution | -43.6% |
Market Drivers
8/31/2025 to 9/1/2026| Return | Correlation | |
|---|---|---|
| APTV | -43.6% | |
| Market (SPY) | 19.1% | 35.4% |
| Sector (XLY) | -0.5% | 40.6% |
Fundamental Drivers
The -55.8% change in APTV stock from 8/31/2023 to 9/1/2026 was primarily driven by a -76.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9012026 | Change |
|---|---|---|---|
| Stock Price ($) | 101.45 | 44.85 | -55.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,272 | 18,725 | -2.8% |
| Net Income Margin (%) | 5.0% | 1.2% | -76.3% |
| P/E Multiple | 29.0 | 43.1 | 48.7% |
| Shares Outstanding (Mil) | 273 | 212 | 28.9% |
| Cumulative Contribution | -55.8% |
Market Drivers
8/31/2023 to 9/1/2026| Return | Correlation | |
|---|---|---|
| APTV | -55.8% | |
| Market (SPY) | 75.1% | 45.2% |
| Sector (XLY) | 37.3% | 47.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APTV Return | 27% | -44% | -4% | -33% | 26% | -41% | -66% |
| Peers Return | 22% | -20% | 15% | -6% | 52% | 18% | 87% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| APTV Win Rate | 67% | 25% | 42% | 42% | 58% | 12% | |
| Peers Win Rate | 62% | 31% | 48% | 38% | 68% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| APTV Max Drawdown | -16% | -55% | -41% | -42% | -29% | -50% | |
| Peers Max Drawdown | -23% | -37% | -23% | -26% | -24% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TEL, LEA, APH, MGA, BWA. See APTV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/1/2026 (YTD)
How Low Can It Go
| Event | APTV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.1% | -18.8% |
| % Gain to Breakeven | 39.1% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -63.0% | -33.7% |
| % Gain to Breakeven | 170.4% | 50.9% |
| Time to Breakeven | 195 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.2% | -19.2% |
| % Gain to Breakeven | 41.3% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.5% | -3.7% |
| % Gain to Breakeven | 11.7% | 3.9% |
| Time to Breakeven | 43 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.4% | -12.2% |
| % Gain to Breakeven | 35.9% | 13.9% |
| Time to Breakeven | 66 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -16.8% | -6.8% |
| % Gain to Breakeven | 20.1% | 7.3% |
| Time to Breakeven | 22 days | 15 days |
In The Past
Aptiv's stock fell -28.1% during the 2025 US Tariff Shock. Such a loss loss requires a 39.1% gain to breakeven.
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Asset Allocation
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| Event | APTV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.1% | -18.8% |
| % Gain to Breakeven | 39.1% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -63.0% | -33.7% |
| % Gain to Breakeven | 170.4% | 50.9% |
| Time to Breakeven | 195 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.2% | -19.2% |
| % Gain to Breakeven | 41.3% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.4% | -12.2% |
| % Gain to Breakeven | 35.9% | 13.9% |
| Time to Breakeven | 66 days | 62 days |
In The Past
Aptiv's stock fell -28.1% during the 2025 US Tariff Shock. Such a loss loss requires a 39.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Aptiv (APTV)
Aptiv PLC (APTV) is a global technology company that designs, manufactures, and sells critical vehicle components for the automotive and commercial vehicle markets. The company provides advanced electrical, electronic, and safety technology solutions, operating through two main segments: Signal and Power Solutions, and Advanced Safety and User Experience.
The Signal and Power Solutions segment focuses on a vehicle's electrical architecture, offering products essential for power and data distribution. This includes engineered component products, connectors, wiring assemblies and harnesses, cable management solutions, electrical centers, and sophisticated hybrid high voltage and safety distribution systems. These components are fundamental to the operation of modern vehicles.
Aptiv's Advanced Safety and User Experience segment is dedicated to enhancing vehicle safety, security, comfort, and convenience. Its offerings encompass sensing and perception systems, electronic control units, multi-domain controllers, vehicle connectivity systems, and advanced application software. This segment also develops cutting-edge autonomous driving technologies, serving the evolving demands of the automotive and commercial vehicle industries for smarter, safer, and more connected vehicles.
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Analogies for Aptiv (APTV):
- Aptiv is like the Intel for a car's advanced electronics and autonomous driving systems.
- Aptiv is like a highly specialized Bosch, building the crucial electrical architecture and autonomous driving "brains" of modern vehicles.
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- Vehicle Electrical Architecture: Aptiv designs and manufactures connectors, wiring assemblies and harnesses, and cable management products that form the electrical backbone of vehicles.
- Power & Safety Distribution Systems: The company provides electrical centers and hybrid high voltage and safety distribution systems for efficient and safe power management within vehicles.
- Sensing & Perception Systems: These systems include critical components for vehicle safety and autonomous driving, enabling the vehicle to detect and understand its surroundings.
- Electronic Control Units (ECUs) & Multi-Domain Controllers: Aptiv develops electronic control units and multi-domain controllers that manage various functions, systems, and integrated features within a vehicle.
- Vehicle Connectivity Systems: The company offers solutions that enable vehicles to communicate internally and connect with external networks for data exchange and service delivery.
- Autonomous Driving Technologies: Aptiv provides application software and advanced technological solutions that contribute to and enable autonomous driving capabilities in vehicles.
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Major Customers of Aptiv (APTV)
Aptiv (APTV) sells primarily to other companies, specifically vehicle manufacturers in the automotive and commercial vehicle markets. Based on their financial disclosures, the following are identified as major customers:
- General Motors (NYSE: GM)
- Stellantis N.V. (NYSE: STLA)
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Kevin Clark, Chairman and Chief Executive Officer.
Mr. Clark has been Chairman and CEO of Aptiv since April 2022, and was previously President and CEO from 2015. He joined Aptiv (then Delphi) in 2010 as Chief Financial Officer and served as Chief Operating Officer in 2014. Before joining Aptiv, Mr. Clark was a founding partner of Liberty Lane Partners, LLC, a private equity investment firm, from 2007 to 2010. He also served as Chief Financial Officer of Fisher Scientific International Inc. from its IPO in 2001 through its merger with Thermo Electron Corporation in 2006, overseeing two IPOs and a $10 billion merger. His career began in finance at Chrysler Corporation.
Varun Laroyia, Executive Vice President and Chief Financial Officer.
Mr. Laroyia was appointed Executive Vice President and Chief Financial Officer of Aptiv in November 2024. Prior to Aptiv, he spent seven years with LKQ Corporation, where he served as Executive Vice President and Chief Financial Officer, and later as Chief Executive Officer of LKQ Europe. He previously held senior finance and operating management roles at Johnson Controls, Gateway, General Electric, KPMG, and was CFO of CBRE Group Inc.'s Global Workforce Solutions business.
Joseph Massaro, Vice Chair and President, Engineered Components Group.
Mr. Massaro has served as Vice Chair and President, Engineered Components Group since November 2024, and was previously Aptiv's Chief Financial Officer and Senior Vice President, Business Operations from March 2016 to November 2024. He joined Aptiv (then Delphi) in 2013. Before Aptiv, he was a managing director at Liberty Lane Partners, LLC (2008-2013), a private equity investment firm, and also served as CFO of inVentiv Health Inc., a Liberty Lane portfolio company. He also held various finance and operational leadership roles at Thermo Fisher Scientific Inc. and Fisher Scientific International Inc., and began his career at PricewaterhouseCoopers.
Katherine H. Ramundo, Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary.
Ms. Ramundo has served as Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary of Aptiv since March 2021. Prior to joining Aptiv, she was Executive Vice President, Chief Legal Officer and Secretary of Howmet Aerospace Inc. (formerly Arconic Inc.) from November 2016 to February 2021. She also served as Executive Vice President, General Counsel and Secretary of ANN, Inc.
Anant Thaker, Senior Vice President and Chief Strategy Officer.
Mr. Thaker has been Senior Vice President and Chief Strategy Officer at Aptiv since September 2022. He joined Aptiv in August 2018 as Director, Strategy, and was promoted to Vice President, Strategy in January 2020. Mr. Thaker is also a board member of Motional, Aptiv's automated driving joint venture with Hyundai.
Mr. Clark has been Chairman and CEO of Aptiv since April 2022, and was previously President and CEO from 2015. He joined Aptiv (then Delphi) in 2010 as Chief Financial Officer and served as Chief Operating Officer in 2014. Before joining Aptiv, Mr. Clark was a founding partner of Liberty Lane Partners, LLC, a private equity investment firm, from 2007 to 2010. He also served as Chief Financial Officer of Fisher Scientific International Inc. from its IPO in 2001 through its merger with Thermo Electron Corporation in 2006, overseeing two IPOs and a $10 billion merger. His career began in finance at Chrysler Corporation.
Varun Laroyia, Executive Vice President and Chief Financial Officer.
Mr. Laroyia was appointed Executive Vice President and Chief Financial Officer of Aptiv in November 2024. Prior to Aptiv, he spent seven years with LKQ Corporation, where he served as Executive Vice President and Chief Financial Officer, and later as Chief Executive Officer of LKQ Europe. He previously held senior finance and operating management roles at Johnson Controls, Gateway, General Electric, KPMG, and was CFO of CBRE Group Inc.'s Global Workforce Solutions business.
Joseph Massaro, Vice Chair and President, Engineered Components Group.
Mr. Massaro has served as Vice Chair and President, Engineered Components Group since November 2024, and was previously Aptiv's Chief Financial Officer and Senior Vice President, Business Operations from March 2016 to November 2024. He joined Aptiv (then Delphi) in 2013. Before Aptiv, he was a managing director at Liberty Lane Partners, LLC (2008-2013), a private equity investment firm, and also served as CFO of inVentiv Health Inc., a Liberty Lane portfolio company. He also held various finance and operational leadership roles at Thermo Fisher Scientific Inc. and Fisher Scientific International Inc., and began his career at PricewaterhouseCoopers.
Katherine H. Ramundo, Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary.
Ms. Ramundo has served as Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary of Aptiv since March 2021. Prior to joining Aptiv, she was Executive Vice President, Chief Legal Officer and Secretary of Howmet Aerospace Inc. (formerly Arconic Inc.) from November 2016 to February 2021. She also served as Executive Vice President, General Counsel and Secretary of ANN, Inc.
Anant Thaker, Senior Vice President and Chief Strategy Officer.
Mr. Thaker has been Senior Vice President and Chief Strategy Officer at Aptiv since September 2022. He joined Aptiv in August 2018 as Director, Strategy, and was promoted to Vice President, Strategy in January 2020. Mr. Thaker is also a board member of Motional, Aptiv's automated driving joint venture with Hyundai.
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Aptiv PLC (APTV) faces several key risks to its business, largely stemming from the dynamic and complex automotive industry landscape.
1. Dependence on Major Automotive OEMs and Production Volatility
A significant portion of Aptiv's financial health is tied to a concentrated customer base; its five largest customers accounted for approximately 40% to 42% of total net sales in recent years. This reliance makes Aptiv vulnerable to any adverse changes in these key customers' businesses, including shifts in their market share or production plans. The company has experienced challenges related to softening production schedules and uncertainty with key original equipment manufacturers (OEMs), notably including Tesla and some Chinese manufacturers. This situation directly impacts revenue visibility, leading to muted growth and delays in converting opportunities into firm orders in a fluctuating production environment.
2. Intense Competition and Rapid Technological Disruption
The automotive technology sector is characterized by intense competition from both traditional automotive suppliers such as Bosch, Continental, Denso, and Yazaki, and innovative tech companies like Nvidia and Mobileye. This competitive pressure spans across crucial areas like Advanced Driver-Assistance Systems (ADAS), electrification, and cockpit technologies. The rapid evolution of AI software and the high development costs associated with advanced safety and autonomous driving technologies further heighten this risk, requiring continuous investment in research and development and posing a threat if Aptiv's specific technological advancements do not achieve commercial success.
3. Supply Chain Vulnerabilities, Macroeconomic Headwinds, and EV Transition Uncertainty
Aptiv, as an automotive supplier, is susceptible to global supply chain disruptions, such as the semiconductor shortages previously experienced in the industry. Rising costs for raw materials, labor, and logistics are increasing at a faster pace than revenues, while automakers resist price increases, consequently squeezing Aptiv's profit margins. Broader macroeconomic and geopolitical factors, including potential tariffs and trade barriers, also represent significant risks to its global supply chains and overall market volumes. Additionally, while Aptiv is a key player in electric vehicle (EV) content, the uncertain pace of EV adoption introduces operational and financial strain, as the company must balance investments in both legacy components and new EV technologies without clear timelines for returns on investment.
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The automotive industry's shift towards highly centralized and zonal vehicle architectures presents a clear emerging threat to Aptiv. These new architectures aim to significantly reduce the complexity and quantity of traditional wiring harnesses, connectors, and numerous distributed electronic control units (ECUs) by consolidating functions into fewer, more powerful central or zonal controllers. Aptiv's Signal and Power Solutions segment, which designs and manufactures traditional electrical architecture components such as wiring assemblies, harnesses, connectors, and electrical centers, could face reduced demand for these core products as vehicle designs evolve to simplify and integrate these systems.
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Aptiv PLC operates in significant global markets related to vehicle components, electrical architecture, and safety technology solutions. The company's main products and services fall under two segments: Signal and Power Solutions, and Advanced Safety and User Experience.
Signal and Power Solutions Segment
This segment focuses on vehicle electrical architecture, including wiring assemblies, harnesses, connectors, and power distribution systems. The addressable markets for these products are substantial:
- The global automotive wiring harness market was estimated at USD 50.09 billion in 2023 and is projected to reach USD 63.00 billion by 2030. Other estimates place the global market at USD 86.54 billion in 2024, predicted to increase to approximately USD 121.72 billion by 2034. The Asia Pacific region held the largest share of this market, accounting for 45.8% of revenue in 2023.
- The global automotive connectors market was valued at USD 6.89 billion in 2023 and is projected to reach USD 10.72 billion by 2030. Another report estimates the global market at USD 8.04 billion in 2025, projected to grow to USD 16.06 billion by 2034. The Asia Pacific region holds the maximum revenue share in the global automotive connectors market.
- The global automotive Electrical/Electronic (E/E) architecture market, which encompasses the design and integration of electrical and electronic systems, was valued at USD 79.4 billion in 2024 and is estimated to reach USD 148.6 billion by 2034. Asia-Pacific is identified as the largest market for automotive E/E architecture.
Advanced Safety and User Experience Segment
This segment provides sensing and perception systems, electronic control units, vehicle connectivity, application software, and autonomous driving technologies. The addressable markets for these areas are:
- The global automotive electronic control unit (ECU) market was valued at USD 114.3 billion in 2023 and is projected to reach USD 257.7 billion by 2035. Another source estimates the global market at USD 87.7 billion in 2024, projected to reach USD 133.4 billion by 2033. The Asia Pacific region dominates the automotive ECU market, holding over 49.83% of the market share in 2022.
- The global advanced driver-assistance systems (ADAS) market was estimated at USD 34.65 billion in 2024 and is anticipated to reach USD 66.56 billion by 2030. Other reports indicate the market size at USD 42.9 billion in 2024, expected to reach around USD 212.2 billion by 2034. Key regions dominating the ADAS market include North America, Europe, and Asia-Pacific.
- The global autonomous driving technology market is projected to reach USD 25.0 billion to USD 30.0 billion by 2025. The broader global autonomous vehicle market was estimated at USD 68.09 billion in 2024 and is projected to reach USD 214.32 billion by 2030. Asia Pacific dominated the global autonomous car market with a share of 47.42% in 2025.
- The global autonomous driving software market is projected to grow from USD 1.8 billion in 2024 to USD 7.0 billion by 2035.
- The global connected car market was valued at USD 96.2 billion in 2024 and is estimated to reach USD 284.0 billion by 2033. The global connected vehicles market is expected to rise from USD 87.10 billion in 2025 to USD 364.04 billion by 2035. North America currently dominates the connected car market, holding over 39.8% share in 2024.
Aptiv itself estimates its total addressable market (TAM) at approximately $175 billion by 2025, which includes intelligent systems, electrical distribution systems, and engineered components. The company also projects its total addressable market opportunity to nearly double to $400 billion by 2030 by serving applications beyond the automotive industry, such as industrial, transportation, and renewable energy.
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Aptiv (APTV) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Expansion into Non-Automotive Markets and Diversification: Aptiv is successfully diversifying its portfolio and demonstrating strong growth in non-automotive revenues. The company has leveraged its product portfolio to penetrate these markets, aligning with broader trends in automation, electrification, and digitalization. This includes strategic partnerships in the robotics sector.
- Growing Demand for Advanced Safety, Connectivity, and User Experience Solutions: Aptiv benefits from the increasing demand for advanced driver-assistance systems (ADAS), personalization, infotainment connectivity, and convenience features within the automotive industry. The company continues to innovate in these areas, evidenced by new product launches such as the Gen 8 radar for enhanced hands-free driving and high-performance cockpit controllers for electric SUVs.
- Strong New Business Bookings and Strategic Partnerships: The company has demonstrated a robust ability to secure new business, reporting significant bookings totaling $27 billion in 2025, with notable contributions from regions like China, Japan, Korea, and India. Aptiv expects total bookings for 2026, including the Versigent spin-off, to exceed $30 billion. Strategic collaborations further bolster its market presence.
- Increasing Electrification and Software Content in Vehicles: Aptiv's strategic focus on electrical, electronic, and safety technology solutions positions it to capitalize on the ongoing industry shift towards vehicle electrification and software-defined functionalities. The planned spin-off of the Electrical Distribution Systems (EDS) business into Versigent is intended to streamline Aptiv's focus on these higher-growth areas, including advanced safety and connectivity technologies.
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Share Repurchases
- Aptiv announced a new $5 billion share repurchase authorization in the second quarter of 2024.
- The company repurchased and retired $1.5 billion in shares during 2025.
- As of December 31, 2025, $2.1 billion remained available for future share repurchases under the existing $5.0 billion authorization.
Share Issuance
- Aptiv's shares outstanding increased by 4.31% in 2023, from 0.271 billion in 2022 to 0.283 billion.
- No significant dollar amount of shares issued for cash by Aptiv was found in the specified period.
Outbound Investments
- Aptiv acquired 85% of Intercable Automotive Solutions S.r.l. for $609 million in November 2022, enhancing its high-voltage product portfolio.
- The company acquired Wind River Systems, Inc. for $3.5 billion in December 2022, aiming to accelerate the software-defined future of the automotive industry.
- Aptiv acquired Hohle, a manufacturer of high-speed microduct for fiber optic networks, in April 2023.
Capital Expenditures
- Capital expenditures amounted to -$656 million in 2025.
- Guidance for capital expenditures was $1,050 million for full-year 2024 and $950 million for full-year 2023.
- Primary focus for capital expenditures includes investment in automation and building semiconductor inventory to strengthen the supply chain.
Peer Outperformance in Automotive Parts & Equipment
APTV has trailed 73% of its 37 Automotive Parts & Equipment peers over 5Y. Among the peers that beat it are GTX, BWA and PATK. Automotive Parts & Equipment ranks 16th of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Automotive Parts & Equipment constituents that APTV has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
11%
of 38 industry peers · -43.6% return
3Y
24%
of 38 industry peers · -57.1% return
5Y
27%
of 37 industry peers · -70.3% return
Automotive Parts & Equipment peers with revenue growth within 4pp of APTV's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| APTV | Aptiv | -0.7% | 43.1x | -43.6% | -57.1% | -70.3% | — |
| GTX | Garrett Motion | -0.4% | 14.0x | 108.7% | 257.7% | 286.4% | +357pp |
| BWA | BorgWarner | 1.8% | 31.1x | 51.0% | 60.1% | 78.4% | +149pp |
| PATK | Patrick Industries | 0.6% | 17.6x | -25.9% | 52.3% | 63.9% | +134pp |
| VC | Visteon | -2.2% | 17.8x | -17.6% | -29.1% | -1.8% | +68pp |
| MGA | Magna International | 1.8% | 22.7x | 43.2% | 21.6% | -5.5% | +65pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Automotive Parts & Equipment is APTV's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -11.0% | 90.6% | 69.9% | LINC 280% · CVSA 257% · PRDO 224% |
| Homebuilding | 18 | -7.7% | 14.5% | 35.7% | GRBK 182% · PHM 138% · TOL 131% |
| Automotive Retail | 18 | -16.0% | 1.3% | 14.2% | MUSA 252% · PAG 176% · ORLY 128% |
| Hotels, Resorts & Cruise Lines | 22 | 12.7% | 42.8% | 8.0% | RCL 229% · MAR 158% · HLT 154% |
| Home Improvement Retail | 5 | -20.9% | -8.6% | 6.9% | HD 10% · LOW 7% · HVT 7% |
| Specialty Stores | 7 | -6.4% | 22.4% | 1.8% | FIVE 30% · DKS 9% · HZO 7% |
| Distributors | 4 | -10.3% | -26.1% | -9.1% | ARMK 136% · GPC 26% · LKQ -44% |
| Restaurants | 33 | -9.6% | -12.7% | -11.7% | EAT 346% · CAKE 161% · RAVE 141% |
| Specialized Consumer Services | 10 | -12.8% | 25.0% | -15.3% | HRB 130% · FTDR 81% · SCI 38% |
| Footwear | 9 | 46.7% | 26.6% | -16.8% | WEYS 150% · DECK 25% · SHOO 15% |
| Home Furnishings | 4 | -9.5% | 13.7% | -18.4% | SGI 47% · LZB 0% · MHK -37% |
| Apparel Retail | 25 | -0.6% | -2.3% | -29.1% | ANF 300% · DXLG 186% · URBN 141% |
| Leisure Products | 13 | -20.3% | -24.4% | -31.7% | GOLF 86% · HAS 15% · MCFT -11% |
| Casinos & Gaming | 20 | -13.2% | -30.6% | -34.3% | MCRI 100% · RSI 72% · RRR 49% |
| Leisure Facilities | 11 | -4.2% | -12.0% | -35.7% | OSW 125% · JAKK 92% · ESCA 9% |
| Automotive Parts & Equipment ← | 38 | -8.8% | -10.9% | -38.7% | MOD 1370% · GTX 286% · STRT 84% |
| Apparel, Accessories & Luxury Goods | 27 | -6.3% | -9.2% | -40.1% | TPR 242% · RL 221% · ELA 221% |
| Household Appliances | 18 | 8.4% | 34.3% | -42.0% | KEQU 181% · FLXS 152% · HBB 107% |
| Broadline Retail | 15 | 5.3% | 11.5% | -56.3% | DDS 310% · EBAY 50% · AMZN 47% |
| Computer & Electronics Retail | 3 | -16.1% | 2.1% | -61.9% | BBY -11% · UPBD -62% · GME -65% |
| Automobile Manufacturers | 8 | -63.6% | -51.7% | -71.8% | GM 82% · TSLA 46% · F 45% |
| Other Specialty Retail | 18 | -34.4% | -50.2% | -79.0% | TLF 111% · BBW 102% · WINA 83% |
| Consumer Electronics | 11 | -10.7% | -12.7% | -80.9% | AXIL 2624% · GRMN 73% · TBCH -58% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 94.02 |
| Mkt Cap | 15.1 |
| Rev LTM | 21,511 |
| Op Inc LTM | 2,082 |
| FCF LTM | 2,224 |
| FCF 3Y Avg | 1,567 |
| CFO LTM | 3,072 |
| CFO 3Y Avg | 2,865 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.4% |
| Rev Chg 3Y Avg | 2.9% |
| Rev Chg Q | 3.1% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | 13.5% |
| Op Inc Chg 3Y Avg | 8.3% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 9.7% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 8.1% |
| FCF/Rev 3Y Avg | 7.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.1 |
| P/S | 0.7 |
| P/Op Inc | 8.2 |
| P/EBIT | 13.5 |
| P/E | 26.9 |
| P/CFO | 7.3 |
| Total Yield | 5.3% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 10.8% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.4% |
| 3M Rtn | -10.0% |
| 6M Rtn | 3.6% |
| 12M Rtn | 29.6% |
| 3Y Rtn | 31.8% |
| 1M Excs Rtn | -0.7% |
| 3M Excs Rtn | -10.2% |
| 6M Excs Rtn | -8.4% |
| 12M Excs Rtn | 11.5% |
| 3Y Excs Rtn | -38.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electrical Distribution Systems | 8,818 | 8,309 | 8,832 | ||
| Engineered Components Group | 6,662 | 6,384 | 6,415 | ||
| Advanced Safety and User Experience | 5,792 | 5,791 | 5,695 | 4,587 | 4,056 |
| Eliminations and Other | -874 | -771 | -891 | -41 | -36 |
| Signal and Power Solutions | 12,943 | 11,598 | |||
| Total | 20,398 | 19,713 | 20,051 | 17,489 | 15,618 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Engineered Components Group | 955 | 883 | 815 | ||
| Electrical Distribution Systems | 394 | 446 | 564 | ||
| Advanced Safety and User Experience | -165 | 513 | 180 | 68 | 125 |
| Signal and Power Solutions | 1,195 | 1,064 | |||
| Eliminations and Other | 0 | ||||
| Total | 1,184 | 1,842 | 1,559 | 1,263 | 1,189 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Engineered Components Group | 10,236 | 9,707 | |||
| Advanced Safety and User Experience | 9,213 | 9,585 | 9,418 | 11,864 | 7,244 |
| Electrical Distribution Systems | 5,575 | 5,019 | |||
| Eliminations and Other | -1,611 | -853 | 79 | -4,555 | -2,622 |
| Signal and Power Solutions | 14,930 | 14,575 | 13,385 | ||
| Total | 23,413 | 23,458 | 24,427 | 21,884 | 18,007 |
Price Behavior
Price Behavior
| Market Price | $44.85 | |
| Market Cap ($ Bil) | 9.5 | |
| First Trading Date | 11/17/2011 | |
| Distance from 52W High | -49.4% | |
| 50 Days | 200 Days | |
| DMA Price | $54.17 | $66.86 |
| DMA Trend | down | down |
| Distance from DMA | -17.2% | -32.9% |
| 3M | 1YR | |
| Volatility | 50.5% | 42.8% |
| Downside Capture | 243.62 | 185.98 |
| Upside Capture | 0.83 | 81.76 |
| Correlation (SPY) | 21.4% | 35.4% |
APTV Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.76 | 0.09 | 0.85 | 1.12 | 1.19 | 1.18 |
| Up Beta | -6.13 | -3.82 | -2.47 | 0.11 | 0.41 | 0.89 |
| Down Beta | 4.38 | 2.39 | 2.29 | 1.84 | 1.51 | 1.34 |
| Up Capture | -169% | -24% | 38% | 49% | 75% | 91% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 20 | 29 | 55 | 117 | 370 |
| Down Capture | 296% | 244% | 220% | 173% | 147% | 109% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 22 | 35 | 72 | 134 | 380 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APTV | |
|---|---|---|---|---|
| APTV | -43.7% | 42.7% | -1.22 | - |
| Sector ETF (XLY) | -0.5% | 19.4% | -0.15 | 40.7% |
| Equity (SPY) | 19.2% | 12.8% | 1.10 | 35.5% |
| Gold (GLD) | 24.8% | 29.2% | 0.76 | 13.1% |
| Commodities (DBC) | 44.0% | 20.4% | 1.67 | -7.3% |
| Real Estate (VNQ) | 8.5% | 13.7% | 0.35 | 16.8% |
| Bitcoin (BTCUSD) | -27.6% | 43.5% | -0.62 | 12.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APTV | |
|---|---|---|---|---|
| APTV | -22.2% | 40.9% | -0.50 | - |
| Sector ETF (XLY) | 5.6% | 24.1% | 0.19 | 59.7% |
| Equity (SPY) | 12.7% | 17.2% | 0.56 | 58.1% |
| Gold (GLD) | 18.7% | 18.7% | 0.81 | 7.3% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 9.3% |
| Real Estate (VNQ) | 2.0% | 18.9% | -0.00 | 45.8% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 25.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APTV | |
|---|---|---|---|---|
| APTV | -1.1% | 41.3% | 0.12 | - |
| Sector ETF (XLY) | 12.0% | 22.2% | 0.50 | 62.0% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 60.1% |
| Gold (GLD) | 12.0% | 16.3% | 0.60 | 4.6% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 21.2% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 47.9% |
| Bitcoin (BTCUSD) | 63.2% | 66.1% | 1.03 | 18.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -7.9% | -6.9% | 29.0% |
| 2/2/2026 | 2.9% | 8.8% | -5.7% |
| 10/30/2025 | -4.3% | -2.5% | -10.3% |
| 7/31/2025 | 2.9% | -2.3% | 20.4% |
| 5/1/2025 | -0.2% | 3.3% | 17.1% |
| 1/22/2025 | 1.5% | 1.6% | 9.4% |
| 10/31/2024 | -17.7% | -22.1% | -19.6% |
| 8/1/2024 | 5.4% | -2.1% | 2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 13 | 14 | 12 |
| Median Positive | 3.3% | 5.0% | 17.1% |
| Median Negative | -5.7% | -3.9% | -8.6% |
| Max Positive | 11.5% | 19.3% | 30.2% |
| Max Negative | -17.7% | -22.1% | -24.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -7.9% | -6.9% | 29.0% |
| 2/2/2026 | 2.9% | 8.8% | -5.7% |
| 10/30/2025 | -4.3% | -2.5% | -10.3% |
| 7/31/2025 | 2.9% | -2.3% | 20.4% |
| 5/1/2025 | -0.2% | 3.3% | 17.1% |
| 1/22/2025 | 1.5% | 1.6% | 9.4% |
| 10/31/2024 | -17.7% | -22.1% | -19.6% |
| 8/1/2024 | 5.4% | -2.1% | 2.2% |
| 5/2/2024 | 11.5% | 19.3% | 19.4% |
| 1/31/2024 | -6.2% | -2.9% | -8.3% |
| 11/2/2023 | -10.3% | -14.1% | -2.4% |
| 8/3/2023 | 3.1% | -1.8% | -4.5% |
| 5/4/2023 | -7.8% | -4.9% | -6.2% |
| 2/2/2023 | 3.4% | 0.9% | 4.0% |
| 11/3/2022 | 4.1% | 10.8% | 17.9% |
| 8/4/2022 | -9.7% | -4.0% | -14.7% |
| 5/5/2022 | -5.2% | -17.8% | -3.7% |
| 2/3/2022 | -5.7% | -0.4% | -24.3% |
| 11/4/2021 | -0.4% | -3.8% | -8.9% |
| 8/5/2021 | -3.7% | 1.5% | -8.8% |
| 5/6/2021 | -1.0% | -6.0% | 11.8% |
| 2/3/2021 | 1.3% | 5.0% | 3.6% |
| 10/29/2020 | 5.1% | 6.1% | 30.2% |
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 13 | 14 | 12 |
| Median Positive | 3.3% | 5.0% | 17.1% |
| Median Negative | -5.7% | -3.9% | -8.6% |
| Max Positive | 11.5% | 19.3% | 30.2% |
| Max Negative | -17.7% | -22.1% | -24.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/07/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/08/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/03/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 7/9/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Net sales | Reported | 3.20 Bil | 3.30 Bil | 3.40 Bil | -34.6% | Lower New | Guidance: 5.05 Bil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | Reported | 555.00 Mil | 580.00 Mil | 605.00 Mil | ||||
| Q2 2026 U.S. GAAP net income | Reported | 140.00 Mil | 160.00 Mil | 180.00 Mil | ||||
| Q2 2026 U.S. GAAP diluted net income per share | Reported | 0.65 | 0.75 | 0.85 | ||||
| Q2 2026 Adjusted net income per share | Reported | 1.3 | 1.4 | 1.5 | -15.2% | Lower New | Guidance: 1.65 for Q1 2026 | |
| 2026 Net sales | Reported | 12.80 Bil | 13.00 Bil | 13.20 Bil | -39.4% | Lowered | Guidance: 21.47 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 2.36 Bil | 2.42 Bil | 2.48 Bil | ||||
| 2026 U.S. GAAP net income | Reported | 830.00 Mil | 870.00 Mil | 910.00 Mil | ||||
| 2026 U.S. GAAP diluted net income per share | Reported | 3.85 | 4.05 | 4.25 | ||||
| 2026 Adjusted net income per share | Reported | 5.7 | 5.9 | 6.1 | -30.2% | Lowered | Guidance: 8.45 for 2026 | |
| 2026 Free cash flow | Reported | 650.00 Mil | 750.00 Mil | 850.00 Mil | 0.0% | Affirmed | Guidance: 750.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/2/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net sales | Reported | 4.95 Bil | 5.05 Bil | 5.15 Bil | -0.1% | Lowered | Guidance: 5.05 Bil for Q4 2025 | |
| Q1 2026 Adjusted net income per share | Reported | 1.55 | 1.65 | 1.75 | -5.7% | Lowered | Guidance: 1.75 for Q4 2025 | |
| 2026 Net sales | Reported | 21.12 Bil | 21.47 Bil | 21.82 Bil | 5.8% | Higher New | Actual: 20.30 Bil for 2025 | |
| 2026 Adjusted net income per share | Reported | 8.15 | 8.45 | 8.75 | 9.7% | Higher New | Actual: 7.7 for 2025 | |
| 2026 Free cash flow | Reported | 650.00 Mil | 750.00 Mil | 850.00 Mil | ||||
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Net sales | Reported | 4.91 Bil | 5.05 Bil | 5.21 Bil | ||||
| Q4 2025 Adjusted EBITDA | Reported | 740.00 Mil | 790.00 Mil | 840.00 Mil | 1.3% | Raised | Guidance: 780.00 Mil for Q3 2025 | |
| Q4 2025 U.S. GAAP net income | Reported | 210.00 Mil | 240.00 Mil | 270.00 Mil | ||||
| Q4 2025 Adjusted net income per share | Reported | 1.6 | 1.75 | 1.9 | 2.9% | Raised | Guidance: 1.7 for Q3 2025 | |
| 2025 Cash flow from operations | Reported | 2.00 Bil | 0.0% | Affirmed | Guidance: 2.00 Bil for 2025 | |||
| 2025 Net sales | Reported | 20.15 Bil | 20.30 Bil | 20.45 Bil | 0.7% | Raised | Guidance: 20.15 Bil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 3.17 Bil | 3.22 Bil | 3.27 Bil | 1.1% | Raised | Guidance: 3.19 Bil for 2025 | |
| 2025 U.S. GAAP net income | Reported | 230.00 Mil | 265.00 Mil | 300.00 Mil | -73.8% | Lowered | Guidance: 1.01 Bil for 2025 | |
| 2025 Adjusted net income per share | Reported | 7.55 | 7.7 | 7.85 | 3.4% | Raised | Guidance: 7.45 for 2025 | |
| 2025 Capital expenditures | Reported | 780.00 Mil | 0.0% | Affirmed | Guidance: 780.00 Mil for 2025 | |||
Insider Activity
Updated 8/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Agnevall, Hakan | Direct | Buy | 8172026 | 48.58 | 4,100 | 199,182 | 864,596 | Form | |
| 2 | Mahoney, Sean O | Direct | Buy | 8122026 | 50.29 | 4,000 | 201,148 | 1,232,736 | Form | |
| 3 | Mahoney, Sean O | Sean Mahoney Defined Benefit Pension Plan & Trust | Buy | 8122026 | 50.21 | 6,000 | 301,255 | 301,255 | Form | |
| 4 | Mahoney, Sean O | Sean Mahoney Incentive Savings Plan & Trust | Buy | 8122026 | 50.28 | 1,000 | 50,280 | 50,280 | Form | |
| 5 | Clark, Kevin P | Chair and CEO | Direct | Buy | 8112026 | 48.89 | 51,190 | 2,502,684 | 31,828,237 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Agnevall, Hakan | Direct | Buy | 8172026 | 48.58 | 4,100 | 199,182 | 864,596 | Form | |
| 2 | Mahoney, Sean O | Direct | Buy | 8122026 | 50.29 | 4,000 | 201,148 | 1,232,736 | Form | |
| 3 | Mahoney, Sean O | Sean Mahoney Defined Benefit Pension Plan & Trust | Buy | 8122026 | 50.21 | 6,000 | 301,255 | 301,255 | Form | |
| 4 | Mahoney, Sean O | Sean Mahoney Incentive Savings Plan & Trust | Buy | 8122026 | 50.28 | 1,000 | 50,280 | 50,280 | Form | |
| 5 | Clark, Kevin P | Chair and CEO | Direct | Buy | 8112026 | 48.89 | 51,190 | 2,502,684 | 31,828,237 | Form |
| 6 | Meister, Paul M | Woburn Abbey March 2021 Trust GST Exempt Share | Buy | 8062026 | 47.33 | 105,631 | 4,999,959 | 4,999,959 | Form | |
| 7 | Louissaint, Obed D | EVP & Chief People Officer | Direct | Sell | 6162026 | 69.60 | 3,000 | 208,800 | 14,671,889 | Form |
| 8 | Ramundo, Katherine H | EVP, CLO, CCO & Secretary | Direct | Sell | 6042026 | 78.30 | 2,000 | 156,600 | 12,821,782 | Form |
| 9 | Agnevall, Hakan | Direct | Buy | 5122026 | 57.73 | 6,100 | 352,153 | 790,728 | Form | |
| 10 | Ramundo, Katherine H | EVP, CLO, CCO & Secretary | Direct | Sell | 1122026 | 85.00 | 5,000 | 425,000 | 9,941,515 | Form |
| 11 | Laroyia, Varun | EVP & Chief Financial Officer | Direct | Sell | 12162025 | 80.05 | 5,000 | 400,250 | 12,069,058 | Form |
| 12 | Agnevall, Hakan | Direct | Buy | 12162025 | 80.25 | 3,700 | 296,918 | 373,554 | Form | |
| 13 | Mahoney, Sean O | Direct | Sell | 12082025 | 76.60 | 7,881 | 603,685 | 1,313,996 | Form | |
| 14 | Laroyia, Varun | EVP & Chief Financial Officer | Direct | Sell | 12082025 | 77.88 | 14,500 | 1,129,260 | 12,131,290 | Form |
| 15 | Ramundo, Katherine H | EVP, CLO, CCO & Secretary | Direct | Sell | 11122025 | 84.00 | 13,000 | 1,092,000 | 10,244,556 | Form |
| 16 | Brazier, Allan J | SVP & Chief Accounting Officer | Direct | Sell | 9222025 | 85.00 | 1,000 | 85,000 | 4,234,700 | Form |
| 17 | Brazier, Allan J | SVP & Chief Accounting Officer | Direct | Sell | 8282025 | 80.00 | 6,539 | 523,120 | 4,065,600 | Form |
| 18 | Louissaint, Obed D | EVP & Chief People Officer | Direct | Sell | 8282025 | 80.00 | 3,000 | 240,000 | 13,300,400 | Form |
| 19 | Massaro, Joseph R | Vice Chairman, ECG | Direct | Sell | 8252025 | 74.36 | 35,000 | 2,602,600 | 24,493,589 | Form |
| 20 | Louissaint, Obed D | EVP & Chief People Officer | Direct | Sell | 8202025 | 75.00 | 1,500 | 112,500 | 12,694,125 | Form |
| 21 | Louissaint, Obed D | EVP & Chief People Officer | Direct | Sell | 8142025 | 70.00 | 1,500 | 105,000 | 11,952,850 | Form |
| 22 | Louissaint, Obed D | EVP & Chief People Officer | Direct | Sell | 8122025 | 65.66 | 3,000 | 196,980 | 11,310,263 | Form |
Investor Activity (13F)
Updated Sep 2, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| One Fin Capital Management LP | $15.6 Mil | 6.0% | 19 | New | 13F |
| Medina Value Partners, LLC | $24.8 Mil | 5.2% | 30 | Hold | 13F |
| Goodnow Investment Group, LLC | $47.1 Mil | 5.2% | 29 | TRIM -9.8% | 13F |
| Firetrail Investments PTY LTD | $9.6 Mil | 3.3% | 28 | ADD +5.2% | 13F |
| Troluce Capital Advisors LLC | $30.6 Mil | 3.2% | 46 | New | 13F |
| Martin Investment Management, LLC | $5.4 Mil | 1.6% | 46 | Hold | 13F |
| Lyrical Asset Management LP | $8.4 Mil | 0.1% | 39 | ADD +45.3% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Goodnow Investment Group, LLC | $47.1 Mil | 5.2% | 29 | TRIM -9.8% | 13F |
| Troluce Capital Advisors LLC | $30.6 Mil | 3.2% | 46 | New | 13F |
| Medina Value Partners, LLC | $24.8 Mil | 5.2% | 30 | Hold | 13F |
| One Fin Capital Management LP | $15.6 Mil | 6.0% | 19 | New | 13F |
| Firetrail Investments PTY LTD | $9.6 Mil | 3.3% | 28 | ADD +5.2% | 13F |
| Lyrical Asset Management LP | $8.4 Mil | 0.1% | 39 | ADD +45.3% | 13F |
| Martin Investment Management, LLC | $5.4 Mil | 1.6% | 46 | Hold | 13F |
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