PHINIA
PHINNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $71.07 Prior regular-session close from the quote source.
- $70.68–$72.15 Regular-session low and high so far today.
- 289.5K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $51.38–$86.94 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own PHIN if PHIN turns steady auto-parts scale and working-capital discipline into reliable free cash flow, which funds investment and shareholder returns while exposing the stock to auto-cycle and structural EV risks.
PHIN price history
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Investment thesis
What must happen next
PHIN’s manufacturing scale plus working-capital discipline reliably convert sales into ~ $300M/year of operating cash flow, funding capex and shareholder returns without reliance on external financing.StrengtheningMateriality: High
operating_cash_flow = 303,000,000 (2022 annual). If true, investors get a stable cash-returning business (buybacks/debt paydown) that supports the valuation; if false, the company may need to conserve cash or raise external funds, compressing returns.
Watch: A large OEM cancels or delays contracts (customer-concentration loss) reducing receivable conversion and volumes.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow = 303,000,000 (2022 annual).
Open source ↗Gross margins are structurally defended around the low-20% range by product mix and pricing levers, so commodity swings can be absorbed without large immediate margin collapse.HoldingMateriality: High
gross_profit = 721,000,000 (2022 annual), 724,000,000 (2023), 756,000,000 (2024), 762,000,000 (2025). Stable gross margin protects operating income and cash flow even if revenue growth is slow; a sustained drop would remove the company's ability to self-fund and justify current multiples.
Watch: Rapid, sustained commodity-price inflation (steel, aluminum) that cannot be passed to OEMs due to contract terms.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
gross_profit = 721,000,000 (2022 annual), 724,000,000 (2023), 756,000,000 (2024), 762,000,000 (2025).
Open source ↗Operating-income margin (~7%) depends on volume-driven fixed-cost leverage; a sustained >10% drop in vehicle-related volumes or faster EV penetration reducing parts per vehicle would materially compress operating_income absent sharp cost cuts.HoldingMateriality: Medium
operating_income = 318,000,000 (2022), 241,000,000 (2023), 259,000,000 (2024), 254,000,000 (2025) — shows sensitivity across years. If volumes fall, margins are the leading casualty and operating income (and cash flow) will decline quickly — that’s the primary downside for equity holders.
Watch: Accelerated EV penetration that reduces internal-combustion engine parts content per vehicle.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_income = 318,000,000 (2022), 241,000,000 (2023), 259,000,000 (2024), 254,000,000 (2025) — shows sensitivity across years.
Open source ↗
Full investment case & evidence
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Original research
PHIN’s manufacturing scale plus working-capital discipline reliably convert sales into ~ $300M/year of operating cash flow, funding capex and shareholder returns without reliance on external financing. If true, investors get a stable cash-returning business (buybacks/debt paydown) that supports the valuation; if false, the company may need to conserve cash or raise external funds, compressing returns.
Gross margins are structurally defended around the low-20% range by product mix and pricing levers, so commodity swings can be absorbed without large immediate margin collapse. Stable gross margin protects operating income and cash flow even if revenue growth is slow; a sustained drop would remove the company's ability to self-fund and justify current multiples.
Operating-income margin (~7%) depends on volume-driven fixed-cost leverage; a sustained >10% drop in vehicle-related volumes or faster EV penetration reducing parts per vehicle would materially compress operating_income absent sharp cost cuts. If volumes fall, margins are the leading casualty and operating income (and cash flow) will decline quickly — that’s the primary downside for equity holders.
All standing thesis claims
Original report summary
PHIN turns steady auto-parts scale and working-capital discipline into reliable free cash flow, which funds investment and shareholder returns while exposing the stock to auto-cycle and structural EV risks.
Bull case and bear case
Bull case and bear case for Phinia
Where the evidence on Phinia stands: Holding on the latest evidence (Nov 7, 2026). Of its 3 thesis points, 1 strengthening and 2 holding.
Bull case: what the evidence supports
PHIN’s manufacturing scale plus working-capital discipline reliably convert sales into ~ $300M/year of operating cash flow, funding capex and shareholder returns without reliance on external financing.
Gross margins are structurally defended around the low-20% range by product mix and pricing levers, so commodity swings can be absorbed without large immediate margin collapse.
Operating-income margin (~7%) depends on volume-driven fixed-cost leverage; a sustained >10% drop in vehicle-related volumes or faster EV penetration reducing parts per vehicle would materially compress operating_income absent sharp cost cuts.
Bear case: what would count against it
A large OEM cancels or delays contracts (customer-concentration loss) reducing receivable conversion and volumes.
Rapid, sustained commodity-price inflation (steel, aluminum) that cannot be passed to OEMs due to contract terms.
Accelerated EV penetration that reduces internal-combustion engine parts content per vehicle.
Thesis-Break Engine
Thesis-break watch · Phinia
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
Phinia filed an SEC 8-K on 2026-10-29: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Phinia filed an SEC 8-K on 2026-08-12: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Phinia filed an SEC 8-K on 2026-07-30: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- A large OEM cancels or delays contracts (customer-concentration loss) reducing receivable conversion and volumes.
- Rapid, sustained commodity-price inflation (steel, aluminum) that cannot be passed to OEMs due to contract terms.
- Accelerated EV penetration that reduces internal-combustion engine parts content per vehicle.
PHIN news
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Financial statements
PHIN income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
PHIN: quick answers
- Have members of Congress traded PHIN?
- 3 trades in PHIN have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed PHIN trade