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Magna International Inc. (MGA) 10-Year Financial Performance & Capital Metrics

MGA • • Industrial / General
Consumer CyclicalAuto Parts & EquipmentSeating & Interior SystemsAutomotive Seating Systems
AboutMagna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.Show more
  • Revenue $42.84B
  • EBITDA $4.04B +6.8%
  • Net Income $1.01B -16.8%
  • EPS (Diluted) 3.52 -16.8%
  • Gross Margin 13.54% +3.2%
  • EBITDA Margin 9.44% +6.7%
  • Operating Margin 4.94% +3.7%
  • Net Margin 2.36% -16.9%
  • ROE 8.33% -18.9%
  • ROIC 8.8% -3.6%
  • Debt/Equity 0.59 +0.6%
  • Interest Coverage 6.85 -18.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓15 consecutive years of dividend growth
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 3.3%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Profits declining 10.6% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.57%
5Y1.67%
3Y5.73%
TTM-2.04%

Profit (Net Income) CAGR

10Y-6.04%
5Y-10.58%
3Y-12.65%
TTM-4.09%

EPS CAGR

10Y-2.09%
5Y-8.84%
3Y-11.04%
TTM-2.14%

ROCE

10Y Avg14.66%
5Y Avg9.47%
3Y Avg10.47%
Latest11.15%

Peer Comparison

Automotive Seating Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ADNTAdient plc1.85B23.41117.05-4.59%-1.93%-13.02%14.95%0.95
MGAMagna International Inc.15.9B56.4216.030.09%2.47%7.99%9.16%0.59
LEALear Corporation6.49B125.1313.95-0.7%1.92%8.43%8.65%0.76

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+32.13B36.45B38.95B40.83B39.43B32.65B36.24B37.84B42.8B42.84B
Revenue Growth %-0.12%0.13%0.07%0.05%-0.03%-0.17%0.11%0.04%0.13%0%
Cost of Goods Sold+27.56B31.12B33.26B35.05B34.02B28.21B31.1B33.19B37.19B37.04B
COGS % of Revenue0.86%0.85%0.85%0.86%0.86%0.86%0.86%0.88%0.87%0.86%
Gross Profit+4.58B5.32B5.69B5.77B5.41B4.44B5.14B4.65B5.61B5.8B
Gross Margin %0.14%0.15%0.15%0.14%0.14%0.14%0.14%0.12%0.13%0.14%
Gross Profit Growth %-0.09%0.16%0.07%0.01%-0.06%-0.18%0.16%-0.1%0.21%0.03%
Operating Expenses+2.25B2.66B2.84B2.94B3.04B3.43B3.2B3.08B3.57B3.68B
OpEx % of Revenue0.07%0.07%0.07%0.07%0.08%0.11%0.09%0.08%0.08%0.09%
Selling, General & Admin1.45B1.6B1.67B1.66B1.7B1.59B1.72B1.66B2.05B2.06B
SG&A % of Revenue0.05%0.04%0.04%0.04%0.04%0.05%0.05%0.04%0.05%0.05%
Research & Development0460M540.77M558.01M000000
R&D % of Revenue-0.01%0.01%0.01%------
Other Operating Expenses166M-30M-39M1.28B1.34B1.85B1.48B1.42B1.52B1.62B
Operating Income+2.54B2.88B3.17B3.13B2.37B1.01B1.95B1.57B2.04B2.12B
Operating Margin %0.08%0.08%0.08%0.08%0.06%0.03%0.05%0.04%0.05%0.05%
Operating Income Growth %-0.04%0.13%0.1%-0.01%-0.24%-0.57%0.94%-0.19%0.3%0.04%
EBITDA+3.35B4.06B4.53B4.5B3.71B2.37B3.46B2.99B3.79B4.04B
EBITDA Margin %0.1%0.11%0.12%0.11%0.09%0.07%0.1%0.08%0.09%0.09%
EBITDA Growth %-0.06%0.21%0.12%-0.01%-0.18%-0.36%0.46%-0.14%0.27%0.07%
D&A (Non-Cash Add-back)802M1.18B1.36B1.38B1.34B1.37B1.51B1.42B1.75B1.93B
EBIT2.71B2.88B3.08B2.64B2.33B1.11B2.07B1B1.85B1.85B
Net Interest Income+-44M-88M-70M-93M-82M-86M-78M-81M-156M-211M
Interest Income14M12M20M20M22M19M44M45M86M98M
Interest Expense58M100M90M113M104M105M122M126M242M309M
Other Income/Expense-476M-481M-188M-176M-144M00-695M-432M-574M
Pretax Income+2.65B2.78B3B2.95B2.22B1.01B1.95B878M1.61B1.54B
Pretax Margin %0.08%0.08%0.08%0.07%0.06%0.03%0.05%0.02%0.04%0.04%
Income Tax+711M706M744M619M591M329M395M237M320M446M
Effective Tax Rate %0.76%0.73%0.74%0.78%0.79%0.75%0.78%0.67%0.76%0.65%
Net Income+2.01B2.03B2.21B2.3B1.76B757M1.51B592M1.21B1.01B
Net Margin %0.06%0.06%0.06%0.06%0.04%0.02%0.04%0.02%0.03%0.02%
Net Income Growth %0.07%0.01%0.09%0.04%-0.23%-0.57%1%-0.61%1.05%-0.17%
Net Income (Continuing)1.94B2.07B2.24B2.33B1.63B677M1.55B641M1.29B1.1B
Discontinued Operations67M000000000
Minority Interest151M451M502M458M300M350M389M400M393M418M
EPS (Diluted)+4.885.165.906.615.592.525.002.034.233.52
EPS Growth %0.12%0.06%0.14%0.12%-0.15%-0.55%0.98%-0.59%1.08%-0.17%
EPS (Basic)4.945.195.936.655.612.525.042.044.243.52
Diluted Shares Outstanding412.7M393.2M373.9M347.5M315.8M300.4M302.8M291.2M286.6M286.9M
Basic Shares Outstanding407.5M391M371.8M345.4M314.7M299.7M300.6M290.4M286.2M286.8M
Dividend Payout Ratio0.18%0.19%0.18%0.2%0.25%0.62%0.34%0.87%0.43%0.53%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+11.14B10.16B11.2B11.83B10.74B13.37B13.5B12.53B14.04B13.12B
Cash & Short-Term Investments2.86B974M726M684M1.28B3.27B2.95B1.23B1.2B1.25B
Cash Only2.86B974M726M684M1.28B3.27B2.95B1.23B1.2B1.25B
Short-Term Investments0000000000
Accounts Receivable5.44B6.17B6.7B6.61B5.93B6.39B6.31B6.79B7.88B7.38B
Days Sales Outstanding61.7861.7462.7559.0554.8671.4963.5265.5167.2162.85
Inventory2.56B2.8B3.54B3.4B3.3B3.44B3.97B4.18B4.61B4.15B
Days Inventory Outstanding33.9632.8838.8735.4335.4544.5746.5945.9745.2140.91
Other Current Assets000949M000320M352M344M
Total Non-Current Assets+8.54B12.4B14.27B14.11B15.04B15.24B15.58B15.26B18.22B17.92B
Property, Plant & Equipment5.95B7.02B8.18B8.1B10.07B10.38B9.99B9.77B11.36B11.53B
Fixed Asset Turnover5.40x5.19x4.76x5.04x3.92x3.14x3.63x3.87x3.77x3.72x
Goodwill1.34B1.92B2.1B1.98B1.98B2.1B2.12B2.03B2.77B2.67B
Intangible Assets112M621M650M560M484M481M493M452M876M738M
Long-Term Investments399M1.85B2.08B2.19B1.21B947M1.39B1.29B1.24B1.03B
Other Non-Current Assets412M719M1.03B988M996M963M1.17B1.24B1.35B1.13B
Total Assets+19.69B22.57B25.47B25.95B25.79B28.61B29.09B27.79B32.26B31.04B
Asset Turnover1.63x1.62x1.53x1.57x1.53x1.14x1.25x1.36x1.33x1.38x
Asset Growth %0.09%0.15%0.13%0.02%-0.01%0.11%0.02%-0.04%0.16%-0.04%
Total Current Liabilities+7.28B8.7B9.24B10.3B8.53B9.74B10.4B11B13.23B12.1B
Accounts Payable4.75B5.43B6.28B6.09B5.63B6.27B6.46B7B7.84B7.19B
Days Payables Outstanding62.8663.6868.9563.4560.3881.0875.8876.9776.9870.9
Short-Term Debt236M762M367M1.3B106M129M455M662M1.33B979M
Deferred Revenue (Current)0000000000
Other Current Liabilities000408M000000
Current Ratio1.53x1.17x1.21x1.15x1.26x1.37x1.30x1.14x1.06x1.08x
Quick Ratio1.18x0.85x0.83x0.82x0.87x1.02x0.92x0.76x0.71x0.74x
Cash Conversion Cycle32.8830.9532.6631.0329.9334.9734.2234.535.4532.86
Total Non-Current Liabilities+3.29B3.65B4.51B4.48B6.13B7.14B6.46B5.46B6.74B7B
Long-Term Debt2.35B2.39B3.19B3.08B3.06B3.97B3.54B2.85B4.17B4.13B
Capital Lease Obligations19M0016M1.6B1.66B1.41B1.29B1.32B1.66B
Deferred Tax Liabilities132M293M322M401M419M452M440M312M184M277M
Other Non-Current Liabilities813M937M946M875M973M1.01B949M802M843M832M
Total Liabilities10.59B12.35B13.66B14.79B14.66B16.89B16.86B16.45B19.98B19.1B
Total Debt+2.58B3.17B3.58B4.4B5B6B5.67B5.07B7.22B7.07B
Net Debt-281M2.2B2.85B3.71B3.72B2.73B2.73B3.84B6.03B5.82B
Debt / Equity0.28x0.31x0.31x0.39x0.45x0.51x0.46x0.45x0.59x0.59x
Debt / EBITDA0.77x0.78x0.79x0.98x1.35x2.53x1.64x1.70x1.91x1.75x
Net Debt / EBITDA-0.08x0.54x0.63x0.82x1.00x1.15x0.79x1.28x1.59x1.44x
Interest Coverage43.84x28.80x35.26x27.67x22.76x9.58x15.97x12.48x8.42x6.85x
Total Equity+9.12B10.22B11.71B11.16B11.13B11.72B12.22B11.34B12.28B11.94B
Equity Growth %0.05%0.12%0.15%-0.05%-0%0.05%0.04%-0.07%0.08%-0.03%
Book Value per Share22.0925.9931.3232.1135.2539.0140.3738.9342.8441.62
Total Shareholders' Equity8.97B9.77B11.21B10.7B10.83B11.37B11.84B10.94B11.88B11.52B
Common Stock3.94B3.8B3.62B3.38B3.2B3.27B3.4B3.3B3.35B3.36B
Retained Earnings6.39B7.32B8.07B8.38B8.6B8.7B9.23B8.64B9.3B9.6B
Treasury Stock0000000000
Accumulated OCI-1.47B-1.45B-600M-1.18B-1.09B-733M-900M-1.11B-898M-1.58B
Minority Interest151M451M502M458M300M350M389M400M393M418M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.33B3.39B3.33B3.72B3.96B3.28B2.94B2.1B3.15B3.63B
Operating CF Margin %0.07%0.09%0.09%0.09%0.1%0.1%0.08%0.06%0.07%0.08%
Operating CF Growth %-0.16%0.45%-0.02%0.12%0.07%-0.17%-0.1%-0.29%0.5%0.15%
Net Income1.94B2.07B2.25B2.33B1.63B677M1.55B641M1.29B1.1B
Depreciation & Amortization802M1.06B1.17B1.28B1.34B1.37B1.51B1.42B1.75B1.93B
Stock-Based Compensation0000000000
Deferred Taxes-7M22M-3M31M7M17M-76M-202M-261M-110M
Other Non-Cash Items-39M162M61M123M624M593M140M559M155M39M
Working Capital Changes-344M81M-232M-153M352M625M-189M-322M221M681M
Change in Receivables-410M-446M-297M-351M629M-42M114M-913M-819M454M
Change in Inventory-241M-159M-362M-92M104M37M-653M-448M-196M153M
Change in Payables139M562M494M265M-519M274M160M812M609M-357M
Cash from Investing+-1.29B-4.27B-2.13B-2.28B-434M-1.4B-2.28B-2.04B-4.5B-2.59B
Capital Expenditures-1.59B-1.81B-1.86B-1.65B-1.44B-1.15B-1.41B-1.68B-2.55B-2.18B
CapEx % of Revenue0.05%0.05%0.05%0.04%0.04%0.04%0.04%0.04%0.06%0.05%
Acquisitions----------
Investments----------
Other Investing104M-332M-283M-223M-416M-108M-31M6M082M
Cash from Financing+741M-1.02B-1.55B-1.44B-2.95B81M-1.11B-1.73B1.34B-989M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-354M-385M-400M-448M-449M-467M-514M-514M-522M-539M
Share Repurchases----------
Other Financing76M18M5M851M17M68M92M-48M-54M-24M
Net Change in Cash----------
Free Cash Flow+741M1.58B1.47B2.07B2.52B2.13B1.53B414M601M1.46B
FCF Margin %0.02%0.04%0.04%0.05%0.06%0.07%0.04%0.01%0.01%0.03%
FCF Growth %-0.39%1.13%-0.07%0.41%0.22%-0.15%-0.28%-0.73%0.45%1.42%
FCF per Share1.804.023.935.957.987.105.041.422.105.07
FCF Conversion (FCF/Net Income)1.16x1.67x1.51x1.62x2.24x4.33x1.94x3.54x2.60x3.60x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)22.63%21.01%20.12%20.08%15.84%6.63%12.65%5.03%10.27%8.33%
Return on Invested Capital (ROIC)22.04%20.33%17.64%15.93%11.94%5.15%9.94%7.83%9.13%8.8%
Gross Margin14.24%14.6%14.6%14.14%13.72%13.6%14.2%12.29%13.11%13.54%
Net Margin6.26%5.57%5.66%5.62%4.48%2.32%4.18%1.56%2.83%2.36%
Debt / Equity0.28x0.31x0.31x0.39x0.45x0.51x0.46x0.45x0.59x0.59x
Interest Coverage43.84x28.80x35.26x27.67x22.76x9.58x15.97x12.48x8.42x6.85x
FCF Conversion1.16x1.67x1.51x1.62x2.24x4.33x1.94x3.54x2.60x3.60x
Revenue Growth-12.3%13.42%6.86%4.83%-3.42%-17.2%11.01%4.41%13.1%0.09%

Revenue by Segment

2014201520162017201820192020202120222024
Tooling And Engineering----824.6M749.1M739M783M731M1.1B
Tooling And Engineering Growth------9.16%-1.35%5.95%-6.64%50.48%
Body Systems And Chassis Systems8.08B7.79B9.16B9.74B------
Body Systems And Chassis Systems Growth--3.58%17.55%6.41%------
Powertrain Systems4.95B4.75B6.49B6.77B------
Powertrain Systems Growth--4.02%36.47%4.38%------
Exterior Systems-5.16B5.27B5.33B------
Exterior Systems Growth--2.27%1.01%------
Seating Systems-4.5B5.08B5.2B------
Seating Systems Growth--12.94%2.44%------
Tooling Engineering And Other2.97B2.7B3.08B3.4B------
Tooling Engineering And Other Growth--9.12%14.00%10.36%------
Complete Vehicle Assembly3.07B2.36B2.19B2.94B------
Complete Vehicle Assembly Growth--23.15%-7.09%34.43%------
Vision And Electronic Systems2.64B2.58B2.77B2.89B------
Vision And Electronic Systems Growth--2.31%7.16%4.44%------
Closure Systems2.09B2.3B2.41B2.67B------
Closure Systems Growth-10.12%5.01%10.66%------
Exterior And Interior Systems12.84B---------
Exterior And Interior Systems Growth----------

Revenue by Geography

2014201520162017201820192020202120222024
North America-------16.7B18.91B20.61B
North America Growth--------13.25%9.01%
Europe-------15.43B14.29B15.62B
Europe Growth---------7.36%9.24%
Asia Pacific-------3.7B4.17B6.08B
Asia Pacific Growth--------12.56%45.96%
Rest Of The World----685M587M-411M467M523M
Rest Of The World Growth------14.31%--13.63%11.99%
Asia1.98B1.98B2.67B2.79B------
Asia Growth--0.10%34.98%4.38%------
World--465M584M------
World Growth---25.59%------
Rest Of World695M461M--------
Rest Of World Growth--33.67%--------

Frequently Asked Questions

Valuation & Price

Magna International Inc. (MGA) has a price-to-earnings (P/E) ratio of 16.0x. This is roughly in line with market averages.

Growth & Financials

Magna International Inc. (MGA) reported $41.79B in revenue for fiscal year 2024. This represents a 45% increase from $28.75B in 2011.

Magna International Inc. (MGA) grew revenue by 0.1% over the past year. Growth has been modest.

Yes, Magna International Inc. (MGA) is profitable, generating $1.03B in net income for fiscal year 2024 (2.4% net margin).

Dividend & Returns

Yes, Magna International Inc. (MGA) pays a dividend with a yield of 3.33%. This makes it attractive for income-focused investors.

Magna International Inc. (MGA) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Magna International Inc. (MGA) generated $2.04B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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