NYSE: APTV
Aptiv
Consumer Discretionary · Motor Vehicle Parts & Accessories
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$12.7B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $18.2B |
| FY2017, ended Dec 31, 2017 | $22.6B |
| FY2018, ended Dec 31, 2018 | $16.0B |
| FY2019, ended Dec 31, 2019 | $24.2B |
| FY2020, ended Dec 31, 2020 | $35.2B |
| FY2021, ended Dec 31, 2021 | $44.6B |
| FY2022, ended Dec 31, 2022 | $25.2B |
| FY2023, ended Dec 31, 2023 | $25.0B |
| FY2024, ended Dec 31, 2024 | $13.9B |
| FY2025, ended Dec 31, 2025 | $16.2B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $12.7B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$20.5B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $12.3B |
| FY2017, ended Dec 31, 2017 | $12.9B |
| FY2018, ended Dec 31, 2018 | $14.4B |
| FY2019, ended Dec 31, 2019 | $14.4B |
| FY2020, ended Dec 31, 2020 | $13.1B |
| FY2021, ended Dec 31, 2021 | $15.6B |
| FY2022, ended Dec 31, 2022 | $17.5B |
| FY2023, ended Dec 31, 2023 | $20.1B |
| FY2024, ended Dec 31, 2024 | $19.7B |
| FY2025, ended Dec 31, 2025 | $20.4B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $20.5B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.26B | $1.28B |
| FY2017, ended Dec 31, 2017 | $1.35B | $770M |
| FY2018, ended Dec 31, 2018 | $1.07B | $782M |
| FY2019, ended Dec 31, 2019 | $990M | $843M |
| FY2020, ended Dec 31, 2020 | $1.80B | $829M |
| FY2021, ended Dec 31, 2021 | $590M | $611M |
| FY2022, ended Dec 31, 2022 | $594M | $419M |
| FY2023, ended Dec 31, 2023 | $2.94B | $990M |
| FY2024, ended Dec 31, 2024 | $1.79B | $1.62B |
| FY2025, ended Dec 31, 2025 | $165M | $1.53B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $220M | $684M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$761M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $737M |
| FY2017, ended Dec 31, 2017 | $1.60B |
| FY2018, ended Dec 31, 2018 | $567M |
| FY2019, ended Dec 31, 2019 | $412M |
| FY2020, ended Dec 31, 2020 | $2.82B |
| FY2021, ended Dec 31, 2021 | $3.14B |
| FY2022, ended Dec 31, 2022 | $1.53B |
| FY2023, ended Dec 31, 2023 | $1.64B |
| FY2024, ended Dec 31, 2024 | $1.57B |
| FY2025, ended Dec 31, 2025 | $1.57B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $761M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$5.38B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.97B |
| FY2017, ended Dec 31, 2017 | $4.17B |
| FY2018, ended Dec 31, 2018 | $4.65B |
| FY2019, ended Dec 31, 2019 | $4.76B |
| FY2020, ended Dec 31, 2020 | $4.19B |
| FY2021, ended Dec 31, 2021 | $4.08B |
| FY2022, ended Dec 31, 2022 | $6.61B |
| FY2023, ended Dec 31, 2023 | $6.30B |
| FY2024, ended Dec 31, 2024 | $8.97B |
| FY2025, ended Dec 31, 2025 | $7.68B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $5.38B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 23.0% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.208M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 270M |
| FY2017, ended Dec 31, 2017 | 266M |
| FY2018, ended Dec 31, 2018 | 260M |
| FY2019, ended Dec 31, 2019 | 255M |
| FY2020, ended Dec 31, 2020 | 270M |
| FY2021, ended Dec 31, 2021 | 271M |
| FY2022, ended Dec 31, 2022 | 271M |
| FY2023, ended Dec 31, 2023 | 279M |
| FY2024, ended Dec 31, 2024 | 229M |
| FY2025, ended Dec 31, 2025 | 213M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 208M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $594M more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $634M | $62.0M | — |
| FY2017, ended Dec 31, 2017 | $383M | $62.0M | — |
| FY2018, ended Dec 31, 2018 | $499M | $58.0M | $0 |
| FY2019, ended Dec 31, 2019 | $420M | $66.0M | $0 |
| FY2020, ended Dec 31, 2020 | $57.0M | $60.0M | $1.11B |
| FY2021, ended Dec 31, 2021 | $0 | $87.0M | $0 |
| FY2022, ended Dec 31, 2022 | $0 | $86.0M | $0 |
| FY2023, ended Dec 31, 2023 | $398M | $115M | — |
| FY2024, ended Dec 31, 2024 | $4.10B | $120M | — |
| FY2025, ended Dec 31, 2025 | $397M | $139M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $719M | $125M | — |
Revenue (TTM)
$20.5B
+28.7% YoY
Net income (TTM)
$220M
−78.3% YoY
Cash
$761M
−47.4% YoY
Total debt
$5.38B
−31.3% YoY
Valuation
At current price- Market Cap
- $9.12B
- P/E
- 41.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.4×
- Price / Book
- 1.0×
- EV / EBITDA
- 6.2×
Growth
Trailing 12 months- Revenue (TTM)
- $20.5B
- Revenue Growth YoY
- 28.7%
- Revenue CAGR 3Y
- 5.3%
- Revenue CAGR 5Y
- 9.3%
- EPS Growth YoY
- −74.9%
- Net Income Growth YoY
- −78.3%
Profitability
Trailing 12 months- Gross Margin
- 19.2%
- Operating Margin
- 5.9%
- Net Margin
- 1.1%
- FCF Margin
- 3.3%
- Return on Equity
- 2.4%
Earnings
Trailing 12 months- Net Income
- $220M
- EPS (diluted)
- $1.11
- EBITDA
- $2.21B
- Operating Income
- $1.21B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $761M
- Total Debt
- $5.38B
- Net Debt
- $4.62B
- Total Assets
- $18.0B
- Total Liabilities
- $9.24B
- Shareholders' Equity
- $8.75B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.35B
- Capital Expenditure
- $667M
- Free Cash Flow
- $684M
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.36
Every ratio is calculated from the company’s reported figures.
Strength
Revenue grew 28.7% over the last year, to $20.5B.
Watch
Operating margin narrowed 4.1 pts in a year, to 5.9%.
Note
Net debt of $4.62B is 2.1× EBITDA.
Note
Free cash flow of $684M, 3.3% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 6, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K36Serious concerns
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 7, 2025 · Read the filing on EDGAR
- Sales fell 2% to $19.7 billion, but operating income rose 18% to $1,842 million as margins widened to 9.3%.
- Net income fell 39% to $1.8 billion, mainly because 2023 included a one-time tax benefit of about $2.1 billion; 2024 included a $641 million Motional gain.
- Aptiv spent $4.1 billion on share buybacks, partly funded by new debt, raising gross debt to about $8.5 billion.
- Aptiv plans to spin off its Electrical Distribution Systems business by March 2026, and moved its tax home to Switzerland.
Business momentum
Sharp deterioration
“Net income 1,810 2,966 (1,156)”
Outlook
Cautious
“Global inflationary pressures have, at times, both reduced consumer demand for automotive vehicles and increased the price of inputs to our products, which has adversely impacted our sales and profitability, which may continue in 2025.”
Financial stress
Low
“We expect existing cash, available liquidity and cash flows from operations to continue to be sufficient to fund our global operating activities, including restructuring payments, capital expenditures and debt obligations.”
Tone against the previous report
About the same
Red flags
- Medium
Large write-down
“determined its fair value to be in excess of its carrying value by less than 1%”
- Medium
Other
“a reduction of deferred tax assets of up to approximately $300 million, net of valuation allowance”
Positives
Higher operating profit and strong cash generation despite lower sales
“Producing $1.8 billion of operating income, or $2.4 billion of adjusted operating income, and cash flow from operations of $2.4 billion, demonstrating strong operating execution in the face of continuing material cost inflation”
Motional stake cut, ending future funding and producing a $641 million gain
“reducing our common equity interest in Motional from 50% to 15%, eliminating future cash funding requirements while maintaining access to insights and market intelligence”
About $31 billion of new business won, though below last year's record
“Generating new business awards of approximately $31 billion, based on expected volumes and prices”
Concerns
Lower volumes as vehicle production fell in Europe and North America
“Our volumes decreased 2% for the period, which reflects decreased global automotive production of 1% (3% on an AWM basis), primarily in Europe and North America.”
Debt-funded buybacks pushed interest costs up 18% to $337 million
“The Company initially funded the accelerated share repurchase program with cash on hand and borrowings under the Bridge Credit Agreement.”
Inventories remain well above normal levels because of customer production swings
“our balance of productive, raw and component material inventories has increased substantially from customary levels as of both December 31, 2024 and 2023”
New risks since the previous report
New US tariffs on Mexico, Canada and China, where Aptiv manufactures
“For example, in February 2025, the U.S. government imposed or threatened to impose new tariffs on imported products from Mexico, Canada and China.”
Planned spin-off could be delayed, abandoned or fall short of expected benefits
“The proposed separation is contingent upon the satisfaction of a number of conditions, may not be completed on the currently contemplated timeline, or at all, and may not achieve the intended benefits.”
Possible 35% Swiss withholding tax on dividends and buybacks after the move
“If it does not have capital reserves and is not able to secure an efficient second line of trading, then any dividends paid by Aptiv or share repurchases by Aptiv will generally be subject to a Swiss withholding tax at a rate of 35%.”
Rising minimum wages and possible labor reforms in Mexico
“effective January 1, 2024 and January 1, 2025, the government of Mexico implemented country-wide statutory minimum wage increases of 20% and 12%, respectively.”
Major customers such as GM are shrinking in China as local carmakers gain share
“in the second half of 2024, General Motors (“GM”) announced plans to restructure their operations in China given the recent challenges in the Chinese market.”
Biggest risks named
- New tariffs and trade restrictions affecting Mexico, Canada and China
- Cyclical vehicle production and weak demand in key regions
- Inflation in materials, chips and labor, plus customer price cuts
- Competition in China and share losses at Western carmaker customers
- Spin-off execution and possible Wind River goodwill write-down
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −4.8 | |
| New risks | −2 | |
| Score | 36 | |
Written by AI (Claude Opus 5.5) from the report’s text. 16 of 16 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 6, 2026 | Pro | |||
| 10-K | Feb 7, 2025 | 36 | Sharp deterioration | 2 medium | |
| 10-K | Feb 6, 2024 | 70 | Strong improvement | None | |
| 10-K | Feb 8, 2023 | 61 | Improving | 1 minor | |
| 10-K | Feb 7, 2022 | 42 | Sharp deterioration | 1 minor | |
| 10-K | Feb 8, 2021 | 52 | Mixed | None | |
| 10-K | Feb 3, 2020 | 53 | Weakening | None | |
| 10-K | Feb 4, 2019 | 67 | Improving | None | |
| 10-K | Feb 5, 2018 | 57 | Mixed | 1 minor | |
| 10-K | Feb 6, 2017 | 62 | Improving | 1 medium |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR