PHINIA Inc.
- Open
- 82.45
- Day high
- 82.45
- Day low
- 80.31
- Prev close
- 82.37
- Volume
- 150K
- Mkt cap
- $3.0B
- P/E (TTM)
- 22.1
- EPS (TTM)
- $3.64
- P/B
- 1.9
- P/S
- 0.8
- Yield
- 1.42%
- Per share
- $1.14
- ▼Insiders net selling -$284K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
PHINIA Inc. (PHIN) is a Consumer Cyclical company listed on NYSE. The stock is up 75% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
PHINIA Inc. (PHIN) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PHIN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $1.13 | $1.29 | +14.2% | $878M | +4.7% |
| Feb 12, 2026 | $1.35 | $1.18 | -12.6% | $889M | +8.5% |
| Jul 24, 2025 | $0.99 | $1.27 | +28.3% | $890M | +3.3% |
| Apr 25, 2025 | $1.04 | $0.94 | -9.6% | $796M | -5.8% |
| Feb 13, 2025 | $0.80 | $0.71 | -11.3% | $833M | -1.3% |
| Oct 31, 2024 | $0.79 | $1.17 | +48.1% | $839M | +2.5% |
| Apr 25, 2024 | $0.74 | $1.08 | +45.9% | $863M | +7.9% |
| Feb 21, 2024 | $0.65 | $0.71 | +9.2% | $882M | -2.0% |
PHIN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 25, 2026 | Walsh Meggan M.director | Grant | 8 | — |
| Jun 25, 2026 | Norman Daundirector | Grant | 3 | — |
| Jun 25, 2026 | Newton Latondradirector | Grant | 13 | — |
| Jun 25, 2026 | Newton Latondradirector | Grant | 8 | — |
| Jun 25, 2026 | Kendrick Robindirector | Grant | 26 | — |
| Jun 25, 2026 | Chapin Samuel R.director | Grant | 8 | — |
| Jun 25, 2026 | Weerasinghe Rohandirector | Grant | 32 | — |
| Jun 25, 2026 | Weerasinghe Rohandirector | Grant | 19 | — |
| Jun 25, 2026 | Yang Hongyongofficer: VP and GM Fuel Syst. Asia Pac | Grant | 4 | — |
| Jun 25, 2026 | Pombier Samanthaofficer: Vice President and Controller | Grant | 11 | — |
| Jun 25, 2026 | Logar Matthewofficer: SVP and CIO | Grant | 44 | — |
| Jun 25, 2026 | Fryer Neilofficer: VP and GM Global Aftermarket | Grant | 34 | — |
| Jun 25, 2026 | Gustanski Christopherofficer: VP, Operational Excellence | Grant | 25 | — |
| Jun 25, 2026 | Dori Sebastianofficer: VP and CPO | Grant | 25 | — |
| Jun 25, 2026 | Di Beasi Alisaofficer: SVP and CHRO | Grant | 47 | — |
Source: PHIN SEC Form 4 filings, latest Jun 25, 2026. For informational purposes only — not investment advice.
See the full PHIN insider & 13F page →PHINIA Inc. company profile
Overview
PHINIA Inc. (NYSE:PHIN) is an automotive parts manufacturer that was spun off from BorgWarner Inc. and began trading as an independent public company in July 2023. Based in Auburn Hills, Michigan, the company specializes in developing and manufacturing fuel injection systems and components for both gasoline and diesel engines. Since its spin-off, PHINIA has focused on establishing itself as a standalone entity while maintaining its position as a leading supplier to original equipment manufacturers (OEMs) and the automotive aftermarket. The company operates globally with manufacturing facilities across multiple continents and serves customers in the automotive, commercial vehicle, industrial, and emerging aerospace and defense markets.
Business
PHINIA operates in the automotive parts industry, specifically focusing on fuel injection systems and engine management technologies. The company's core business revolves around precision-engineered components that control how fuel is delivered and managed in internal combustion engines. The company's primary products include fuel injection systems, which are critical components that precisely control the amount and timing of fuel delivered to an engine's combustion chambers. These systems are essential for engine performance, fuel efficiency, and emissions control. PHINIA manufactures both gasoline direct injection (GDI) systems and diesel fuel injection systems, with capabilities extending to high-pressure systems operating at up to 500 bar pressure levels. Beyond fuel injection, PHINIA's product portfolio encompasses engine control units (ECUs) - the electronic brains that manage engine operations - as well as starters and alternators that handle engine starting and electrical power generation. The company also provides maintenance equipment, diagnostic tools, and calibration services to support vehicle servicing and repair. PHINIA operates through two main business segments: 1. Fuel Systems Segment (approximately 58% of revenue): This segment focuses on supplying fuel injection systems and related components directly to original equipment manufacturers for new vehicle production. Products include fuel delivery modules, high-pressure fuel pumps, fuel injectors, and complete fuel system solutions for both gasoline and diesel applications. 2. Aftermarket Segment (approximately 42% of revenue): This segment serves the replacement parts market, providing both new and remanufactured fuel system components, starters, alternators, and diagnostic equipment to independent repair shops, parts distributors, and service networks. This segment typically enjoys higher margins due to the premium nature of replacement parts and reduced price sensitivity compared to OEM applications.
Revenue model
PHINIA generates revenue primarily through product sales to two distinct customer bases. The company sells fuel injection systems, engine management components, and related products directly to automotive original equipment manufacturers (OEMs) for installation in new vehicles, and separately supplies replacement parts and remanufactured components to the independent aftermarket through distributors and service providers. The OEM business model involves long-term supply contracts with vehicle manufacturers, where PHINIA provides fuel systems and components that are integrated into new vehicle production. These contracts typically span multiple years and are tied to specific vehicle platforms. Revenue is generated based on the number of vehicles produced by the OEM customer, creating a direct correlation between automotive production volumes and PHINIA's sales. The aftermarket business model focuses on replacement parts and services for vehicles already in operation. This segment generates revenue through sales of both new and remanufactured components to independent repair facilities, parts distributors, and service networks. The aftermarket business typically commands higher margins because replacement parts are less price-sensitive than OEM components, and customers value quality and availability over lowest cost. Several factors influence PHINIA's profitability margins. Positive margin drivers include the company's focus on higher-margin aftermarket sales, technological leadership in advanced fuel injection systems that command premium pricing, operational efficiency improvements from recent restructuring, and the ability to pass through raw material cost increases to customers through contractual price adjustment mechanisms. Negative margin pressures come from softening commercial vehicle markets that reduce demand for fuel systems, competitive pricing pressure in the OEM segment where customers actively negotiate costs, potential tariff impacts on cross-border manufacturing operations, and the cyclical nature of automotive production that can create volume volatility. Additionally, the company faces headwinds from the long-term transition toward electric vehicles, though this impact is partially offset by increasing complexity and content in hybrid vehicles that still require sophisticated fuel management systems.
Competitive moat
PHINIA's competitive moat is moderately strong but faces long-term challenges from the automotive industry's electrification trend. The company's primary moat stems from its deep technical expertise in precision fuel injection systems, which requires specialized engineering knowledge and manufacturing capabilities that are difficult to replicate quickly. The company benefits from high switching costs in the OEM market, where fuel system suppliers are typically selected during the vehicle design phase and remain locked in for the entire production lifecycle of a vehicle platform, often spanning 5-7 years. This creates revenue visibility and competitive protection once a contract is secured. PHINIA's 90% win rate as an incumbent supplier demonstrates the strength of these switching costs. Technical barriers provide additional protection, particularly in advanced applications like 500-bar gasoline direct injection systems and commercial vehicle diesel injection systems. The precision manufacturing requirements, regulatory compliance expertise, and system integration capabilities create meaningful barriers for new entrants. The company's global manufacturing footprint and established relationships with major OEMs further strengthen its competitive position. However, PHINIA's moat faces significant long-term disruption risk from electric vehicle adoption. As the automotive industry transitions toward electrification, demand for fuel injection systems will inevitably decline. While this transition will likely take decades and hybrid vehicles still require fuel systems, the long-term trajectory poses an existential challenge to the company's core business model. Potential competition comes from other established automotive suppliers like Bosch, Continental, and Denso, who have similar technical capabilities and customer relationships. Additionally, the company must compete with lower-cost suppliers in emerging markets, though quality and reliability requirements in fuel systems provide some protection against pure cost-based competition.
Risks & safety
PHINIA demonstrates a moderate margin of safety with solid financial fundamentals but faces industry-specific headwinds. • Liquidity and Debt: Strong cash position of $373 million as of Q1 2025, with current ratio of 1.85x indicating adequate short-term liquidity. Net leverage of 1.2x is conservative, providing financial flexibility. Debt-to-equity ratio of 0.68x is manageable for a cyclical industrial company. • Cash Generation: Free cash flow of $203 million for full year 2024 demonstrates solid cash generation capability, though Q1 2025 free cash flow of only $5 million shows some volatility. Operating cash flow remains positive but variable. • Valuation Metrics: EV/EBITDA of 5.7x appears reasonable for a cyclical industrial company. Price-to-book ratio of 1.12x suggests modest premium to book value. Graham number of 23.3 compared to current price of $40.81 indicates potential overvaluation by traditional value metrics. • Other Considerations: Recent revenue declines (-7.8% in Q1 2025) and exposure to cyclical automotive markets create earnings volatility risk. Long-term headwinds from EV transition pose strategic challenges but timeline remains uncertain.
Recent development
Over the past two years since its spin-off from BorgWarner, PHINIA has focused on establishing its independence while positioning for long-term growth beyond traditional automotive applications. The company successfully exited all transition service agreements with its former parent by 2024, completing its operational independence and reducing ongoing costs. A key strategic pivot has been diversification into aerospace and defense markets, leveraging the company's precision fuel management capabilities and manufacturing expertise. This represents an important move to reduce dependence on the automotive sector and tap into markets with different growth trajectories and potentially higher margins. PHINIA has also been advancing its technology portfolio with developments in 500-bar gasoline direct injection systems, which offer competitive advantages in performance and emissions control. The company has secured notable contract wins including a 350-bar gasoline direct injection system for the Brazilian market and various fuel delivery module contracts across global markets. The company has pursued an aggressive capital return strategy, repurchasing 16.5% of outstanding shares since the spin-off while maintaining a quarterly dividend that was increased by 8% in 2024. This demonstrates management's confidence in cash generation and commitment to shareholder returns. Operational improvements have been a major focus, with the company achieving cost efficiencies through supply chain optimization and manufacturing improvements. PHINIA has also been exploring targeted merger and acquisition opportunities in commercial vehicle, industrial, and aftermarket segments to complement organic growth initiatives. Recent quarters have shown the company successfully navigating market softness while maintaining healthy margins, though revenue growth has been challenged by weak commercial vehicle markets and softening demand in key regions like China and Europe.
PHIN company profile · for informational purposes only — not investment advice.
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