Company research
PHINIA INC.
CIK 1968915Updated Sep 27, 2026
SecurityPHIN · NYSE · equity
PHIN price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,817,000,000Source | 3,768,000,000Source | 4,041,000,000Source | 4,074,000,000Source |
| Property, Plant and Equipment, NetUSD | 876,000,000Source | 843,000,000Source | — | — |
| GoodwillUSD | 509,000,000Source | 471,000,000Source | 499,000,000Source | 490,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 398,000,000Source | 374,000,000Source | 417,000,000Source | 432,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 359,000,000Source | 484,000,000Source | 365,000,000Source | 251,000,000Source |
| Inventory, NetUSD | 473,000,000Source | 444,000,000Source | 487,000,000Source | 459,000,000Source |
| Assets, CurrentUSD | 1,762,000,000Source | 1,841,000,000Source | 1,927,000,000Source | 1,641,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 126,000,000Source | 96,000,000Source | 58,000,000Source | 40,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 48,000,000Source | 54,000,000Source | 63,000,000Source | 82,000,000Source |
| Other Assets, NoncurrentUSD | 127,000,000Source | 128,000,000Source | 162,000,000Source | 264,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,230,000,000Source | 2,194,000,000Source | 2,154,000,000Source | 2,431,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,000,000Source | 1,000,000Source | — | — |
| Additional Paid in CapitalUSD | 1,978,000,000Source | 1,976,000,000Source | 2,031,000,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | 132,000,000Source | 44,000,000Source | 9,000,000Source | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -98,000,000Source | -217,000,000Source | -131,000,000Source | -88,000,000Source |
| Liabilities and EquityUSD | 3,817,000,000Source | 3,768,000,000Source | 4,041,000,000Source | 4,074,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 947,000,000Source | 969,000,000Source | 1,148,000,000Source | 1,170,000,000Source |
| Operating Lease, Liability, CurrentUSD | 19,000,000Source | 17,000,000Source | 17,000,000Source | 18,000,000Source |
| Accounts Payable, CurrentUSD | 510,000,000Source | 522,000,000Source | 639,000,000Source | 686,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 31,000,000Source | 39,000,000Source | 49,000,000Source | 69,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 53,000,000Source | 55,000,000Source | 56,000,000Source | 46,000,000Source |
| Other Liabilities, NoncurrentUSD | 175,000,000Source | 150,000,000Source | 165,000,000Source | 1,156,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 11,000,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 709,000,000Source | 26,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 1,000,000Source | 25,000,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 967,000,000Source | 963,000,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 130,000,000Source | 79,000,000Source | 102,000,000Source | 262,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 157,000,000Source | 160,000,000Source | 170,000,000Source | 170,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 18,000,000Source | 14,000,000Source | 10,000,000Source | 11,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -6,000,000Source | -23,000,000Source | 4,000,000Source | 60,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -19,000,000Source | 12,000,000Source | 32,000,000Source | 25,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 312,000,000Source | 308,000,000Source | 250,000,000Source | 303,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 9,000,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -132,000,000Source | -101,000,000Source | -150,000,000Source | -105,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 24,000,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -310,000,000Source | -96,000,000Source | 20,000,000Source | -185,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 42,000,000Source | 44,000,000Source | 23,000,000Source | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -11,000,000Source | -3,000,000Source | -1,000,000Source | — |
| Repayments of Long-term DebtUSD | 24,000,000Source | 722,000,000Source | 4,000,000Source | 1,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -125,000,000Source | 119,000,000Source | 114,000,000Source | -8,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 359,000,000Source | 484,000,000Source | 365,000,000Source | 251,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 26,000,000Source | 13,000,000Source |
| Income Taxes Paid, NetUSD | 61,000,000Source | 94,000,000Source | 88,000,000Source | 51,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,000,000Source | 8,000,000Source | -6,000,000Source | -21,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 6,000,000Source | 3,000,000Source | 1,000,000Source | 2,000,000Source |
| Amortization of Intangible AssetsUSD | 30,000,000Source | 28,000,000Source | 28,000,000Source | 28,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and CurtailmentUSD | 0Source | 0Source | -2,000,000Source | 0Source |
| DepreciationUSD | 127,000,000Source | 132,000,000Source | 143,000,000Source | 142,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -22,000,000Source | — | — |
| GoodwillUSD | 509,000,000Source | 471,000,000Source | 499,000,000Source | 490,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 15,000,000Source | 11,000,000Source | 10,000,000Source | 11,000,000Source |
| Income Tax Expense (Benefit)USD | 68,000,000Source | 108,000,000Source | 104,000,000Source | 85,000,000Source |
| Investment Income, InterestUSD | 14,000,000Source | 16,000,000Source | 13,000,000Source | 6,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 130,000,000Source | 79,000,000Source | 102,000,000Source | 262,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Other Operating Income (Expense), NetUSD | -46,000,000Source | -55,000,000Source | -58,000,000Source | 15,000,000Source |
| Payments to Acquire InvestmentsUSD | 0Source | 1,000,000Source | 2,000,000Source | 0Source |
| Pension Cost (Reversal of Cost)USD | 8,000,000Source | 4,000,000Source | 5,000,000Source | -30,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | 975,000,000Source | 708,000,000Source | — |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | — | 0Source | 0Source | -3,000,000Source |
| Restructuring CostsUSD | — | 8,000,000Source | — | 5,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 3,483,000,000Source | 3,403,000,000Source | 3,500,000,000Source | 3,348,000,000Source |
| Cost of RevenueUSD | 2,721,000,000Source | 2,647,000,000Source | 2,776,000,000Source | 2,627,000,000Source |
| Selling, General and Administrative ExpenseUSD | 445,000,000Source | 442,000,000Source | 413,000,000Source | 407,000,000Source |
| Operating Income (Loss)USD | 254,000,000Source | 259,000,000Source | 241,000,000Source | 318,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 198,000,000Source | 187,000,000Source | 206,000,000Source | 347,000,000Source |
| Income Tax Expense (Benefit)USD | 68,000,000Source | 108,000,000Source | 104,000,000Source | 85,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 130,000,000Source | 79,000,000Source | 102,000,000Source | 262,000,000Source |
| Earnings Per Share, BasicUSD per share | 3.31Source | 1.8Source | 2.17Source | 5.57Source |
| Earnings Per Share, DilutedUSD per share | 3.24Source | 1.76Source | 2.17Source | 5.57Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 39,300,000Source | 44,000,000Source | 46,900,000Source | 47,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 40,100,000Source | 44,800,000Source | 47,000,000Source | 47,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 30,000,000Source | 28,000,000Source | 28,000,000Source | 28,000,000Source |
| Business Combination, Acquisition Related CostsUSD | 9,000,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.08Source | 1Source | 0.5Source | — |
| Current Income Tax Expense (Benefit)USD | 87,000,000Source | 96,000,000Source | 72,000,000Source | 60,000,000Source |
| Gross ProfitUSD | 762,000,000Source | 756,000,000Source | 724,000,000Source | 721,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -99,000,000Source | 5,000,000Source | -18,000,000Source | 90,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 15,000,000Source | 11,000,000Source | 10,000,000Source | 11,000,000Source |
| Interest Income (Expense), NetUSD | 59,000,000Source | 34,000,000Source | — | — |
| Investment Income, InterestUSD | 14,000,000Source | 16,000,000Source | 13,000,000Source | 6,000,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 4,000,000Source | 0Source | 2,000,000Source | -32,000,000Source |
| Other Operating Income (Expense), NetUSD | -46,000,000Source | -55,000,000Source | -58,000,000Source | 15,000,000Source |
| Reclassification from AOCI, Current Period, before Tax, Attributable to ParentUSD | — | -4,000,000Source | 1,000,000Source | — |
| Research and Development ExpenseUSD | 105,000,000Source | 112,000,000Source | 108,000,000Source | 104,000,000Source |
| Restructuring CostsUSD | — | 8,000,000Source | — | 5,000,000Source |