APTVAptiv
Is the business good?
The checks split: 8 of 9 health tests passed and earnings fully cash-backed (1.7×), but margins compressing.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
A balanced mix of margins, efficiency, and leverage. ROE 3% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is APTV?
Aptiv earns 5.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 3.1 points below what the capital costs: growth destroys value
- Operating margin
- 5.3%
Operating margin · Auto Parts median 5.8% · 12 months to Q2 2026
- Cash conversion
- 1.72×
Cash conversion · 2.00× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.8%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 7.6% |
| FY2022 | 7.2% |
| FY2023 | 7.8% |
| FY2024 | 9.3% |
| FY2025 | 5.8% |
Details›
- Gross margin12 months to Q2 2026
- 20%
- Operating margin12 months to Q2 2026
- 5.3%
- Net margin12 months to Q2 2026
- 1.2%
- Free cash flow margin
- 3.6%
- Revenue, trailing twelve months
- $18.7B
- Free cash flow, trailing twelve months
- $684M
- Net income, trailing twelve months
- $220M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from APTV and who it buys from, as the companies report it.
- Global OEM10%
Share of revenue · FY2025 10-K
- Top 10 customers56%
Combined share of revenue · FY2025 10-K
- Five largest customers42%
Combined share of revenue · FY2025 10-K
- GMGeneral Motors
Named in APTV’s FY2025 10-K
- FFord Motor Company
Named in APTV’s FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; APTV’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported. A link without a share is named in one of the two companies’ annual reports, without a figure.
Auto Parts
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