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Phinia cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$70.0M in Q3 2026 · $227M over twelve months

Operating cash flow$87.0M
Capital spending−$17.0M
Free cash flow+$70.0M
Cash / net income1.3×
Cash conversion cycle83 days

Analysis

In Q3 2026, Phinia generated $87.0M of operating cash flow and spent $17.0M on capital projects, leaving free cash flow of $70.0M. That is $23.0M less than in Q3 2025 ($93.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $327M; the largest uses were other financing ($109M), capital spending ($100M), dividends ($43.0M); besides operations, cash came from asset & business sales ($1.0M); the cash balance rose by $87.0M.

Operating cash flow was $87.0M against net income of $67.0M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: payables +$42.0M, depreciation & amortization +$41.0M, receivables −$36.0M.

Its cash conversion cycle was 83 days (receivables 89 + inventory 62 − payables 68).

Free cash flow

Phinia: free cash flow by quarterPhinia: free cash flow by quarter$53.0MQ4 2024$5.0MQ1 2025$23.0MQ2 2025$93.0MQ3 2025$67.0MQ4 2025$21.0MQ1 2026$69.0MQ2 2026$70.0MQ3 2026
Operating cash flow less capital spending.
Phinia: operating cash flow against capital spendingPhinia: operating cash flow against capital spendingOperating cash flowCapital spending$73.0M$20.0MQ4 2024$40.0M$35.0MQ1 2025$57.0M$34.0MQ2 2025$119M$26.0MQ3 2025$96.0M$29.0MQ4 2025$53.0M$32.0MQ1 2026$91.0M$22.0MQ2 2026$87.0M$17.0MQ3 2026
Latest (Q3 2026): Operating cash flow $87.0M, Capital spending $17.0M.

Capital allocation, year by year

Phinia: where the cash came from (up) and went (down), by fiscal yearPhinia: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $147MFY2021: Asset sales $6.0MFY2021: Capital spending −$146M$153MFY2021FY2022: Operating cash flow $303MFY2022: Net borrowing −$1.0MFY2022: Asset sales $2.0MFY2022: Capital spending −$107M$305MFY2022FY2023: Operating cash flow $250MFY2023: Net borrowing $704MFY2023: Asset sales $2.0MFY2023: Capital spending −$150MFY2023: Buybacks −$24.0MFY2023: Dividends −$23.0M$956MFY2023FY2024: Operating cash flow $308MFY2024: Net borrowing $253MFY2024: Asset sales $2.0MFY2024: Capital spending −$105MFY2024: Dividends −$44.0M$563MFY2024FY2025: Operating cash flow $312MFY2025: Net borrowing −$24.0MFY2025: Asset sales $1.0MFY2025: Capital spending −$124MFY2025: Acquisitions −$9.0MFY2025: Dividends −$42.0M$313MFY2025
Over these 5 years operating cash flow totalled $1.3B; the largest uses were capital spending ($632M) and dividends ($109M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$436M
Debt$1.1B
Net debt$657M
Due within a year$3.0M

Phinia funds itself: free cash flow was $227M over the last twelve months, and $436M of cash and investments stands against $1.1B of debt ($3.0M due within a year, 145.3× covered by cash).

Phinia: debt maturities by year (FY2025)Phinia: debt maturities by year (FY2025)$3.0MYear 1$1.0MYear 2$1.0MYear 3$526MYear 4$450MAfter year 5
Principal due in each year as disclosed in the annual report, against $436M of cash and investments now.

Where the cash came from and went

Phinia: sources (+) and uses (−) of cash, Q3 2026Phinia: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$87.0MNet borrowing (+) / repaid (−)$73.0MOther financing−$68.0MCash drawn (+) / kept (−)−$66.0MCapital spending−$17.0MDividends−$11.0MExchange rates$2.0MAcquisitions−$1.0MAsset & business sales$1.0M
Phinia: sources (+) and uses (−) of cash, TTM to Q3 2026Phinia: sources (+) and uses (−) of cash, 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 profit to cash

Phinia: net income to operating cash flow, Q3 2026Phinia: net income to operating cash flow, Q3 2026Net income$67.0MDepreciation & amortization$41.0MStock-based pay$5.0MDeferred taxes−$13.0MReceivables−$36.0MInventory−$11.0MPayables$42.0MPrepaid and other assets$2.0MOther operating capital$11.0MOperating cash flow$87.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202689626883
Q2 202681616675
Q1 202683636878
Q4 202588667579
Q3 202591677880
Q2 202589647380
Q1 202593677783
Q4 202496667983

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$87.0M−$17.0M−$1.0M−$11.0M$73.0M−$66.0M$70.0M
Q2 2026$91.0M−$22.0M—−$11.0M−$20.0M−$42.0M$69.0M
Q1 2026$53.0M−$32.0M—−$11.0M$20.0M$31.0M$21.0M
Q4 2025$96.0M−$29.0M—−$10.0M−$24.0M−$10.0M$67.0M
Q3 2025$119M−$26.0M−$9.0M−$11.0M—−$2.0M$93.0M
Q2 2025$57.0M−$34.0M—−$10.0M—$26.0M$23.0M
Q1 2025$40.0M−$35.0M—−$11.0M—$111M$5.0M
Q4 2024$73.0M−$20.0M—−$11.0M—−$7.0M$53.0M

Phinia: income statement and cash flow

Phinia, Q3 2026: revenue $912M (+0.4% year over year), operating margin 9.2%. The chart follows the revenue to costs, profit and cash.

Phinia: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.