Revenue growth remains inconsistent, fluctuating between a 1.6% contraction in 2025Q1 and a 7.4% expansion in 2025Q3, while gross margins remain constrained within a narrow 15.9% to 19.8% range.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|
| Sales/Revenue | 20.66B | 20.4B | 19.71B | 20.05B | 17.49B | 15.62B | 13.07B | 14.36B | 14.44B | 12.88B | 16.66B | 15.16B | 17.02B | 16.46B | 15.52B | 16.04B | 13.82B |
| Revenue Growth % | 5.2% | 3.47% | -1.69% | 14.65% | 11.98% | 19.53% | -8.99% | -0.54% | 12.04% | -22.67% | 9.86% | -10.91% | 3.4% | 6.08% | -3.25% | 16.1% | - |
| Cost of Goods Sold | 16.71B | 16.5B | 16.19B | 16.96B | 14.99B | 13.27B | 11.25B | 11.85B | 11.86B | 10.38B | 8.81B | 12.13B | 12.55B | 13.67B | 12.94B | 13.51B | 11.84B |
| COGS % of Revenue | - | 80.89% | 82.11% | 84.61% | 85.73% | 84.96% | 86.12% | 82.55% | 82.16% | 80.56% | 52.9% | 79.99% | 73.74% | 83.05% | 83.4% | 84.23% | 85.68% |
| Gross Profit | 3.95B | 3.9B | 3.53B | 3.09B | 2.5B | 2.35B | 1.81B | 2.51B | 2.58B | 2.5B | 3.46B | 3.04B | 2.95B | 2.79B | 2.58B | 2.53B | 1.98B |
| Gross Margin % | 19.13% | 19.11% | 17.89% | 15.39% | 14.27% | 15.04% | 13.88% | 17.45% | 17.84% | 19.43% | 20.77% | 20.01% | 17.31% | 16.95% | 16.6% | 15.77% | 14.32% |
| Gross Profit Growth % | - | 10.52% | 14.29% | 23.69% | 6.22% | 29.56% | -27.65% | -2.68% | 2.84% | -27.65% | 14.04% | 2.99% | 5.59% | 8.35% | 1.82% | 27.84% | - |
| Operating Expenses | 2.87B | 2.71B | 1.47B | 1.44B | 1.14B | 1.07B | 976M | 1.08B | 993M | 952M | 1.73B | 1.02B | 1.04B | 963M | 927M | 901M | 815M |
| OpEx % of Revenue | - | 13.31% | 7.43% | 7.16% | 6.51% | 6.88% | 7.47% | 7.49% | 6.88% | 7.39% | 10.38% | 6.71% | 6.09% | 5.85% | 5.97% | 5.62% | 5.9% |
| Selling, General & Admin | 1.72B | 1.67B | 1.47B | 1.44B | 1.14B | 1.07B | 976M | 1.08B | 993M | 952M | 924M | 803M | 1.04B | 916M | 927M | 901M | 815M |
| SG&A % of Revenue | - | 8.2% | 7.43% | 7.16% | 6.51% | 6.88% | 7.47% | 7.49% | 6.88% | 7.39% | 5.55% | 5.3% | 6.09% | 5.56% | 5.97% | 5.62% | 5.9% |
| Research & Development | 0 | 0 | 1.1B | 1.29B | 1.12B | 1.03B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 5.56% | 6.43% | 6.4% | 6.59% | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 1.04B | -1.1B | -1.29B | -1.12B | -1.03B | 0 | 0 | 0 | 0 | -18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.08B | 1.18B | 2.06B | 1.65B | 1.36B | 1.27B | 837M | 1.43B | 1.58B | 1.55B | 1.73B | 2.02B | 1.91B | 1.83B | 1.65B | 1.63B | 1.16B |
| Operating Margin % | 5.23% | 5.8% | 10.46% | 8.23% | 7.76% | 8.16% | 6.41% | 9.96% | 10.96% | 12.05% | 10.39% | 13.31% | 11.23% | 11.1% | 10.63% | 10.16% | 8.42% |
| Operating Income Growth % | - | -42.58% | 24.97% | 21.59% | 6.51% | 52.21% | -41.47% | -9.61% | 1.93% | -10.34% | -14.22% | 5.6% | 4.54% | 10.86% | 1.23% | 39.95% | - |
| EBITDA | 1.83B | 2.17B | 3.03B | 2.56B | 2.12B | 2.05B | 1.6B | 2.15B | 2.26B | 2.09B | 2.22B | 2.56B | 2.5B | 2.37B | 2.13B | 2.1B | 1.58B |
| EBITDA Margin % | 8.86% | 10.66% | 15.35% | 12.78% | 12.12% | 13.11% | 12.25% | 14.95% | 15.64% | 16.21% | 13.32% | 16.87% | 14.67% | 14.38% | 13.76% | 13.12% | 11.47% |
| EBITDA Growth % | -44.22% | -28.12% | 18.11% | 20.91% | 3.52% | 27.86% | -25.43% | -4.92% | 8.09% | -5.86% | -13.25% | 2.4% | 5.49% | 10.91% | 1.47% | 32.74% | - |
| D&A (Non-Cash Add-back) | 749M | 991M | 964M | 912M | 762M | 773M | 764M | 717M | 676M | 537M | 488M | 540M | 587M | 540M | 486M | 475M | 421M |
| EBIT | 1.17B | 1.24B | 2.49B | 1.62B | 1.21B | 1.06B | 2.12B | 1.29B | 1.48B | 1.4B | 1.16B | 1.12B | 1.75B | 1.61B | 1.48B | 1.63B | 974M |
| Net Interest Income | -279M | -361M | -250M | -174M | -133M | -141M | -156M | -151M | -120M | -133M | -154M | -119M | -125M | -129M | -119M | -92M | -1M |
| Interest Income | -11M | 0 | 87M | 111M | 86M | 9M | 8M | 13M | 21M | 7M | 1M | 5M | 10M | 14M | 17M | 31M | 29M |
| Interest Expense | 179M | 361M | 337M | 285M | 219M | 150M | 164M | 164M | 141M | 140M | 155M | 124M | 135M | 143M | 136M | 123M | 30M |
| Other Income/Expense | -260M | -303M | -29M | -612M | -646M | -564M | 1.03B | -289M | -225M | -266M | -696M | -494M | -276M | -271M | -277M | -101M | -203M |
| Pretax Income | 821M | 881M | 2.03B | 1.04B | 711M | 710M | 1.87B | 1.14B | 1.36B | 1.29B | 1.03B | 1.52B | 1.64B | 1.56B | 1.37B | 1.53B | 961M |
| Pretax Margin % | 3.97% | 4.32% | 10.31% | 5.18% | 4.07% | 4.55% | 14.32% | 7.95% | 9.4% | 9.98% | 6.21% | 10.05% | 9.6% | 9.46% | 8.84% | 9.53% | 6.96% |
| Income Tax | 263M | 700M | 223M | -1.93B | 121M | 101M | 49M | 132M | 250M | 223M | 167M | 263M | 255M | 256M | 212M | 305M | 258M |
| Effective Tax Rate % | 32.03% | 79.46% | 10.97% | -185.74% | 17.02% | 14.23% | 2.62% | 11.57% | 18.42% | 17.34% | 16.14% | 17.26% | 15.6% | 16.44% | 15.45% | 19.96% | 26.85% |
| Net Income | 365M | 165M | 1.79B | 2.94B | 594M | 590M | 1.8B | 990M | 1.07B | 1.35B | 1.26B | 1.45B | 1.35B | 1.21B | 1.08B | 1.15B | 631M |
| Net Margin % | 1.77% | 0.81% | 9.07% | 14.65% | 3.4% | 3.78% | 13.81% | 6.9% | 7.39% | 10.52% | 7.54% | 9.56% | 7.94% | 7.36% | 6.94% | 7.14% | 4.57% |
| Net Income Growth % | -76.57% | -90.77% | -39.18% | 394.61% | 0.68% | -67.29% | 82.22% | -7.22% | -21.25% | 7.8% | -13.31% | 7.33% | 11.47% | 12.53% | -5.94% | 81.46% | - |
| Net Income (Continuing) | 381M | 181M | 1.81B | 2.97B | 590M | 609M | 1.82B | 1.01B | 1.11B | 1.06B | 868M | 852M | 1.38B | 1.24B | 1.13B | 1.2B | 686M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 365M | 458M | 683M | 60M | 60M | 0 | 0 | 0 |
| Minority Interest | 99M | 292M | 289M | 296M | 285M | 214M | 195M | 192M | 211M | 218M | 362M | 483M | 503M | 523M | 485M | 483M | 458M |
| EPS (Diluted) | 1.71 | 0.75 | 6.96 | 10.39 | 1.96 | 1.94 | 6.66 | 3.85 | 4.02 | 5.06 | 4.59 | 5.06 | 4.48 | 3.89 | 3.33 | 2.72 | 1.39 |
| EPS Growth % | -72.2% | -89.22% | -33.01% | 430.1% | 1.03% | -70.87% | 72.99% | -4.23% | -20.55% | 10.24% | -9.29% | 12.95% | 15.17% | 16.82% | 22.43% | 95.68% | - |
| EPS (Basic) | - | 0.75 | 6.97 | 10.50 | 1.96 | 1.95 | 6.72 | 3.85 | 4.04 | 5.10 | 4.66 | 5.21 | 4.63 | 3.96 | 3.42 | 2.72 | 1.39 |
| Diluted Shares Outstanding | 213.8M | 220.75M | 256.66M | 282.88M | 271.18M | 271.22M | 270.7M | 257.39M | 265.22M | 268.03M | 273.7M | 286.64M | 301.89M | 311.8M | 323.29M | 421.26M | 452.58M |
| Basic Shares Outstanding | 213.8M | 220.75M | 256.38M | 276.92M | 270.9M | 270.46M | 263.43M | 256.81M | 264.41M | 265.84M | 269.79M | 278.21M | 291.62M | 306.39M | 315.3M | 421.26M | 452.58M |
| Dividend Payout Ratio | - | - | - | - | - | - | 3.1% | 22.83% | 21.84% | 22.88% | 25.22% | 19.72% | 22.28% | 17.41% | - | 8.12% | - |
Volatile JV Equity Losses
According to recent quarterly filings, Aptiv's revenue growth has remained inconsistent, fluctuating between a 1.6% contraction in 2025Q1 and a 7.4% expansion in 2025Q3, suggesting that the company's reliance on long-cycle OEM platform wins is currently struggling to overcome broader automotive production headwinds and cyclical demand shifts.
The revenue profile appears to be stalling as the company navigates a transition toward software-defined vehicle architectures. While the content-per-vehicle thesis remains a long-term tailwind, the current data indicates that project-based revenue is failing to deliver sustained top-line acceleration in the face of global production volatility.
As reported in financial statements, Aptiv's gross margins have hovered within a narrow 15.9% to 19.8% range over the last ten quarters, reflecting the inherent difficulty of scaling high-tech software solutions while simultaneously managing the commodity-sensitive cost base of its Signal and Power Solutions segment.
The inability to consistently push gross margins above the 20% threshold suggests that the company remains tethered to the lower-margin realities of traditional automotive manufacturing. Investors should monitor whether the integration of software assets can eventually decouple profitability from the cyclical fluctuations of raw material costs.
Based on Aptiv's reported figures, net income has experienced extreme swings, including a significant $355 million loss in 2025Q3, which highlights how non-operating items and equity-method accounting for ventures like Motional can severely distort the company's true operational profitability and earnings per share stability for shareholders.
The erratic nature of the bottom line suggests that the core business performance is frequently masked by the financial impact of autonomous driving investments. This lack of earnings visibility makes it difficult to assess the true cash-generating capacity of the firm without adjusting for these recurring non-operating charges.
Data from recent income statements indicates that Aptiv's aggressive pursuit of a tech-centric valuation through heavy R&D and venture spending may be backfiring, as evidenced by the sharp net margin contraction to -6.8% in 2025Q3, raising concerns about the sustainability of its current capital allocation strategy.
Short-term observers may argue that the company is over-extending its balance sheet to fund speculative autonomous projects that have yet to yield meaningful returns. The persistent reliance on non-core investments appears to be a drag on profitability that could force a strategic pivot if market conditions continue to tighten.
Quick answers to the most common questions about buying APTV stock.
For fiscal year 2025, Aptiv PLC (APTV) reported total revenue of $20.40B. This represents a 47.6% increase compared to $13.82B in 2010.
Aptiv PLC (APTV) is profitable, generating $165.0M in net income for the fiscal year ending 2025 with a net profit margin of 0.8%.
Aptiv PLC (APTV) reported an operating income of $1.18B, resulting in an operating profit margin of 5.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Aptiv PLC (APTV) generated $3.90B in gross profit for the year, representing a gross profit margin of 19.1%. This demonstrates the company's core pricing power and production efficiency.