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Phinia (PHIN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Phinia (PHIN) Q3 2026 earnings results →

Q3 2026 Revenue up 0% year over year to $912M · 7¢ of every $1 of revenue kept as net profit · operating margin 9.2%

Phinia made $912M in Q3 2026 (+0.4% Y/Y): Power Systems $561M, Aftermarket Solutions $351M. Operating margin 9.2%, net earnings $67.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$912M
Year over year+0.4%
Operating margin9.2%
Net earnings$67.0M
Operating cash flow$87.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $912.0M in Q3 2026, roughly flat year over year and down 3% from the previous quarter. Power Systems was the largest line at 62% of revenue. Aftermarket Solutions added $14.0M year over year (up 4%), 350% of the total change. Power Systems declined 2%.

Gross margin was 22.4%, up 0.3 points from a year earlier. Operating profit was $84.0M, a 9.2% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 1250% reached operating profit, above the 4% margin then. Operating expenses fell 28% while revenue was flat. Net earnings were $67.0M, up 415% year over year. The effective tax rate was 4.3%.

Operating cash flow was $87.0M (down 27% year over year), 130% of net earnings. Non-cash charges added back $41.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $26.0M. After capital expenditures, including tooling outlays, net ($14.0M), adjusted free cash flow as the company reports it was $73.0M.

Quarterly history

Phinia revenue by quarterPhinia revenue by quarter$940MQ2 2026$912MQ3 2026
Phinia net earnings by quarterPhinia net earnings by quarter$40.0MQ2 2026$67.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$912M+0.4%9.2%$67.0M$87.0M
Q2 202610-QJul 30, 2026$940M+6%8.5%$40.0M$91.0M

Charts

Phinia: where the cash came from (+) and went (−), TTM to Q3 2026Phinia: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$327MOther financing−$109MCapital spending−$100MCash drawn (+) / kept (−)−$87.0MDividends−$43.0MExchange rates$11.0MAsset & business sales$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Phinia: profit against cash, quarter by quarterPhinia: profit against cash, quarter by quarterNet incomeOperating cash flow$5.0M$73.0MQ4 2024$26.0M$40.0MQ1 2025$46.0M$57.0MQ2 2025$13.0M$119MQ3 2025$45.0M$96.0MQ4 2025$37.0M$53.0MQ1 2026$40.0M$91.0MQ2 2026$67.0M$87.0MQ3 2026
Latest (Q3 2026): Net income $67.0M, Operating cash flow $87.0M.
Phinia: diluted shares by fiscal yearPhinia: diluted shares by fiscal year47MFY202147MFY202247MFY202345MFY202440MFY2025
-14.7% since FY2021: buybacks shrank the count.
Phinia: long-term debt falling due (FY2025)Phinia: long-term debt falling due (FY2025)$3.0M2026$1.0M2027$1.0M2028$526M2029$450MLater
Cash $359M, short-term investments —, long-term debt $968M at 2025-12-31.
Phinia in its industry: growth against margin (35 companies, SIC 3714)Phinia in its industry: growth against margin (35 companies, SIC 3714)revenue growth, year over year →↑ operating marginmedian +2%median 4%LEAADNTBWAAPTVDCHALVVGNTDANALSNMODLCIIPATKVCGTXCPSGNTXDORMATMUSMPTHRMPlatinum SpinCo, Inc.CVGIMPAASRISTRTHLLYAEVAWKSPXOSAZIOLIDROMTKECXJATVKPHIN (+0%, 9%)
Motor Vehicle Parts & Accessories; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Phinia

PHINIA Inc. (together with its consolidated subsidiaries, the Company or PHINIA) is a Delaware corporation incorporated in 2023. The Company is a leader in the development, design and manufacture of integrated components and systems that are designed to optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles). We are a global supplier to most major original equipment manufacturers (OEMs) seeking to meet and exceed increasingly stringent global regulatory requirements and satisfy consumer demands for an enhanced user experience.

In its own words, from its 10-K, filed Feb 12, 2026.

Phinia against its Motor Vehicle Parts & Accessories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.4% against the peers' median +2%. Operating margin: 9.2% against the peers' median 7.6%.

CompanyQuarterRevenueY/YOp. margin
PHIN PhiniaQ3 2026$912M+0.4%9.2%
LEA LearQ3 2026$5.8B+2%3.4%
ADNT AdientQ4 FY26$3.7B+1%-0.1%
BWA BorgwarnerQ3 2026$3.5B-3%8.7%
APTV AptivQ3 2026$3.2B+2%8.8%
DCH DauchQ3 2026$2.9B+93%2.5%
ALV AutolivQ3 2026$2.7B-0.5%9.4%
VGNT VersigentQ3 2026$2.5B+7%7.6%
DAN DanaQ3 2026$2.0B+6%4.5%

Source: Phinia 10-Q on SEC EDGAR · CIK 1968915 · Motor Vehicle Parts & Accessories

13F: who owns PHIN and who is buying

Largest holders of PHIN (13F)Largest holders of PHIN (13F)BlackRock$477MVanguard Group$283MVanguard Portfolio Management LLC$209MDimensional Fund Advisors LP$194MFMR LLC$188MAmerican Century Companies$150MState Street$132MVanguard Capital Management LLC$132MGeode Capital Management, LLC$101MInvesco$86.9M
Funds' net buying of PHIN by quarter (13F)Funds' net buying of PHIN by quarter (13F)−$71.7M2024-09$10.0M2024-12−$101M2025-03$22.9M2025-06−$104M2025-09$25.9M2025-12−$25.3M2026-03−$41.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PHIN

History

Every quarter: Q3 2026 results · Q2 2026 results

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