Revenue growth remains range-bound with gross margins contracting from a 14.6% peak in 2024Q4 to 9.6% in 2026Q1, reflecting persistent pricing constraints.
| 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 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Jul'97 | Jul'96 |
|---|
| Sales/Revenue | 42.34B | 42.75B | 42.84B | 42.8B | 37.84B | 36.24B | 32.65B | 39.43B | 40.83B | 38.95B | 36.45B | 32.13B | 36.64B | 34.84B | 30.84B | 28.75B | 24.1B | 17.37B | 23.7B | 26.07B | 24.18B | 22.81B | 20.65B | 15.35B | 12.97B | 11.03B | 10.51B | 9.36B | 3.4B | 5.58B | 4.26B |
| Revenue Growth % | 0.98% | -0.21% | 0.09% | 13.1% | 4.41% | 11.01% | -17.2% | -3.42% | 4.83% | 6.86% | 13.42% | -12.3% | 5.18% | 12.96% | 7.27% | 19.28% | 38.78% | -26.73% | -9.07% | 7.8% | 6% | 10.45% | 34.59% | 18.3% | 17.64% | 4.88% | 12.33% | 175.59% | -39.14% | 30.95% | 28.76% |
| Cost of Goods Sold | 37.02B | 38.34B | 37.04B | 37.19B | 33.19B | 31.1B | 28.21B | 34.02B | 35.05B | 33.26B | 31.12B | 27.56B | 31.62B | 30.29B | 27.01B | 25.4B | 20.92B | 15.7B | 20.98B | 22.6B | 21.21B | 19.83B | 17.7B | 12.8B | 10.83B | 8.59B | 8.26B | 7.62B | 2.83B | 4.62B | 3.5B |
| COGS % of Revenue | - | 89.69% | 86.46% | 86.89% | 87.71% | 85.8% | 86.4% | 86.28% | 85.86% | 85.4% | 85.4% | 85.76% | 86.3% | 86.94% | 87.59% | 88.36% | 86.81% | 90.38% | 88.52% | 86.7% | 87.72% | 86.94% | 85.68% | 83.45% | 83.47% | 77.89% | 78.61% | 81.44% | 83.42% | 82.77% | 82.15% |
| Gross Profit | 5.32B | 4.41B | 5.8B | 5.61B | 4.65B | 5.14B | 4.44B | 5.41B | 5.77B | 5.69B | 5.32B | 4.58B | 5.02B | 4.55B | 3.83B | 3.35B | 3.18B | 1.67B | 2.72B | 3.47B | 2.97B | 2.98B | 2.96B | 2.54B | 2.14B | 2.44B | 2.25B | 1.74B | 563M | 961.7M | 760.5M |
| Gross Margin % | 12.57% | 10.31% | 13.54% | 13.11% | 12.29% | 14.2% | 13.6% | 13.72% | 14.14% | 14.6% | 14.6% | 14.24% | 13.69% | 13.06% | 12.41% | 11.64% | 13.19% | 9.62% | 11.48% | 13.3% | 12.28% | 13.06% | 14.32% | 16.55% | 16.53% | 22.11% | 21.39% | 18.56% | 16.58% | 17.23% | 17.85% |
| Gross Profit Growth % | - | -24.01% | 3.33% | 20.64% | -9.58% | 15.88% | -17.91% | -6.29% | 1.48% | 6.88% | 16.33% | -8.83% | 10.33% | 18.84% | 14.34% | 5.32% | 90.3% | -38.65% | -21.51% | 16.81% | -0.37% | 0.78% | 16.42% | 18.47% | -12.06% | 8.4% | 29.48% | 208.53% | -41.46% | 26.46% | 20.33% |
| Operating Expenses | 2.66B | 2.26B | 3.68B | 3.57B | 3.08B | 3.2B | 3.43B | 3.04B | 2.94B | 2.84B | 2.66B | 2.25B | 2.6B | 2.68B | 2.32B | 2.1B | 1.97B | 1.99B | 2.39B | 2.32B | 2.18B | 2.04B | 1.78B | 1.5B | 1.2B | 1.08B | 1.03B | 961M | 355M | 517.9M | 413.4M |
| OpEx % of Revenue | - | 5.29% | 8.6% | 8.35% | 8.14% | 8.82% | 10.52% | 7.71% | 7.21% | 7.29% | 7.29% | 7% | 7.09% | 7.69% | 7.52% | 7.31% | 8.17% | 11.46% | 10.1% | 8.88% | 9% | 8.93% | 8.64% | 9.78% | 9.27% | 9.83% | 9.77% | 10.27% | 10.45% | 9.28% | 9.7% |
| Selling, General & Admin | 2.24B | 2.26B | 2.06B | 2.05B | 1.66B | 1.72B | 1.59B | 1.7B | 1.66B | 1.67B | 1.6B | 1.45B | 1.71B | 1.62B | 1.52B | 1.42B | 1.34B | 1.26B | 1.32B | 1.46B | 1.36B | 1.2B | 1.19B | 1.01B | 780M | 685M | 655M | 607M | 229M | 349.5M | 274.9M |
| SG&A % of Revenue | - | 5.29% | 4.81% | 4.79% | 4.39% | 4.74% | 4.86% | 4.3% | 4.08% | 4.28% | 4.39% | 4.51% | 4.66% | 4.64% | 4.93% | 4.92% | 5.56% | 7.26% | 5.56% | 5.6% | 5.62% | 5.25% | 5.74% | 6.56% | 6.01% | 6.21% | 6.23% | 6.49% | 6.74% | 6.26% | 6.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 558.01M | 540.77M | 460M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | 1.37% | 1.39% | 1.26% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1.62B | 1.52B | 1.42B | 1.48B | 1.85B | 1.34B | 1.28B | -39M | -30M | 166M | -64M | -144M | 108M | 686M | 628M | 730M | 1.07B | 855M | 817M | 840M | 598M | 493M | 422M | 399M | 372M | 354M | 126M | 168.4M | 138.5M |
| Operating Income | 2.67B | 2.15B | 2.12B | 2.04B | 1.57B | 1.95B | 1.01B | 2.37B | 3.13B | 3.17B | 2.88B | 2.54B | 2.65B | 2.08B | 1.68B | 1.08B | 1.23B | -301M | 611M | 1.21B | 846M | 1.07B | 1.22B | 1.06B | 1.01B | 1.4B | 1.27B | 820M | 201M | 271.3M | 332.9M |
| Operating Margin % | 6.3% | 5.02% | 4.94% | 4.76% | 4.16% | 5.38% | 3.08% | 6% | 7.66% | 8.15% | 7.9% | 7.91% | 7.23% | 5.98% | 5.44% | 3.76% | 5.11% | -1.73% | 2.58% | 4.63% | 3.5% | 4.7% | 5.92% | 6.93% | 7.79% | 12.72% | 12.06% | 8.76% | 5.92% | 4.86% | 7.81% |
| Operating Income Growth % | - | 1.46% | 3.83% | 29.56% | -19.25% | 93.64% | -57.5% | -24.3% | -1.45% | 10.17% | 13.25% | -4.04% | 27.22% | 24.28% | 55.19% | -12.34% | 509.3% | -149.26% | -49.42% | 42.79% | -21.16% | -12.19% | 14.96% | 5.14% | -27.94% | 10.65% | 54.63% | 307.96% | -25.91% | -18.5% | 25.86% |
| EBITDA | 4.47B | 3.83B | 4.04B | 3.79B | 2.99B | 3.46B | 2.37B | 3.71B | 4.5B | 4.53B | 4.06B | 3.35B | 3.54B | 3.15B | 2.48B | 1.77B | 1.89B | 436M | 1.48B | 2.08B | 1.64B | 1.78B | 1.82B | 1.57B | 1.46B | 1.83B | 1.66B | 1.18B | 327M | 439.7M | 471.4M |
| EBITDA Margin % | 10.55% | 8.97% | 9.44% | 8.85% | 7.91% | 9.55% | 7.27% | 9.41% | 11.03% | 11.63% | 11.13% | 10.41% | 9.66% | 9.03% | 8.03% | 6.14% | 7.85% | 2.51% | 6.26% | 7.98% | 6.77% | 7.82% | 8.81% | 10.22% | 11.22% | 16.58% | 15.79% | 12.63% | 9.63% | 7.88% | 11.06% |
| EBITDA Growth % | 13.57% | -5.19% | 6.81% | 26.54% | -13.53% | 45.87% | -36.1% | -17.57% | -0.62% | 11.7% | 21.28% | -5.51% | 12.52% | 27.01% | 40.26% | -6.71% | 334.17% | -70.62% | -28.65% | 27.14% | -8.3% | -1.98% | 16.07% | 7.69% | -20.35% | 10.12% | 40.44% | 261.47% | -25.63% | -6.72% | 26.28% |
| D&A (Non-Cash Add-back) | 1.8B | 1.69B | 1.93B | 1.75B | 1.42B | 1.51B | 1.37B | 1.34B | 1.38B | 1.36B | 1.18B | 802M | 890M | 1.06B | 801M | 686M | 661M | 737M | 873M | 872M | 790M | 711M | 598M | 505M | 445M | 425M | 392M | 362M | 126M | 168.4M | 138.5M |
| EBIT | 1.37B | 1.54B | 1.85B | 1.85B | 1B | 2.07B | 1.11B | 2.33B | 2.64B | 3.08B | 2.88B | 2.71B | 2.65B | 1.94B | 1.78B | 1.24B | 1.21B | -484M | 379M | 1.15B | 792M | 942M | 1.16B | 1.05B | 983M | 928M | 1.01B | 710M | 208M | 566M | 343M |
| Net Interest Income | -196.13M | -212.66M | -211M | -156M | -81M | -78M | -86M | -82M | -93M | -70M | -88M | -44M | -30M | -16M | -16M | 6M | 11M | -7M | 62M | 0 | 0 | 0 | 5M | 13M | 13M | -2M | -13M | -16M | 0 | 10M | 3M |
| Interest Income | 0 | 0 | 98M | 86M | 45M | 44M | 19M | 22M | 20M | 20M | 12M | 14M | 17M | 18M | 18M | 25M | 22M | 20M | 113M | 0 | 0 | 0 | 35M | 34M | 46M | 33M | 32M | 27M | 0 | 23M | 18M |
| Interest Expense | 196.13M | 212.66M | 309M | 242M | 126M | 122M | 105M | 104M | 113M | 90M | 100M | 58M | 47M | 34M | 34M | 19M | 12M | 27M | 283M | 56M | 54M | 142M | 30M | 168M | 33M | 35M | 45M | 43M | 0 | 13M | 15M |
| Other Income/Expense | -1.5B | -816.04M | -574M | -432M | -695M | 0 | 0 | -144M | -176M | -188M | -481M | -476M | -718M | -178M | 74M | -29M | -35M | -190M | -221M | 0 | 0 | -11M | 0 | -31M | -51M | 67M | -299M | -182M | 9M | 155M | 16M |
| Pretax Income | 1.17B | 1.33B | 1.54B | 1.61B | 878M | 1.95B | 1.01B | 2.22B | 2.95B | 3B | 2.78B | 2.65B | 2.54B | 1.91B | 1.75B | 1.22B | 1.2B | -511M | 328M | 1.15B | 792M | 931M | 1.16B | 962M | 928M | 918M | 972M | 682M | 210M | 606.5M | 338.4M |
| Pretax Margin % | 2.76% | 3.11% | 3.6% | 3.75% | 2.32% | 5.38% | 3.08% | 5.64% | 7.23% | 7.7% | 7.63% | 8.25% | 6.93% | 5.47% | 5.67% | 4.23% | 4.97% | -2.94% | 1.38% | 4.42% | 3.28% | 4.08% | 5.6% | 6.27% | 7.15% | 8.33% | 9.25% | 7.29% | 6.18% | 10.87% | 7.94% |
| Income Tax | 441.49M | 432.44M | 446M | 320M | 237M | 395M | 329M | 591M | 619M | 744M | 706M | 711M | 659M | 360M | 324M | 202M | 236M | -18M | 257M | 489M | 264M | 292M | 398M | 373M | 317M | 290M | 348M | 233M | 73M | 168.7M | 113.5M |
| Effective Tax Rate % | 37.72% | 32.49% | 28.92% | 19.93% | 26.99% | 20.28% | 32.7% | 26.59% | 20.98% | 24.81% | 25.4% | 26.82% | 25.96% | 18.9% | 18.51% | 16.6% | 19.72% | 3.52% | 78.35% | 42.45% | 33.33% | 31.36% | 34.43% | 38.77% | 34.16% | 31.59% | 35.8% | 34.16% | 34.76% | 27.82% | 33.54% |
| Net Income | 671.15M | 843.51M | 1.01B | 1.21B | 592M | 1.51B | 757M | 1.76B | 2.3B | 2.21B | 2.03B | 2.01B | 1.88B | 1.56B | 1.43B | 1.02B | 973M | -493M | 71M | 663M | 528M | 639M | 692M | 522M | 554M | 580M | 598M | 430M | 137M | 437.8M | 224.9M |
| Net Margin % | 1.58% | 1.97% | 2.36% | 2.83% | 1.56% | 4.18% | 2.32% | 4.48% | 5.62% | 5.66% | 5.57% | 6.26% | 5.14% | 4.48% | 4.65% | 3.54% | 4.04% | -2.84% | 0.3% | 2.54% | 2.18% | 2.8% | 3.35% | 3.4% | 4.27% | 5.26% | 5.69% | 4.59% | 4.03% | 7.85% | 5.28% |
| Net Income Growth % | -41.44% | -16.4% | -16.82% | 104.9% | -60.9% | 100% | -57.11% | -23.13% | 4.08% | 8.62% | 0.89% | 6.96% | 20.56% | 8.93% | 40.77% | 4.62% | 297.36% | -794.37% | -89.29% | 25.57% | -17.37% | -7.66% | 32.57% | -5.78% | -4.48% | -3.01% | 39.07% | 213.87% | -68.71% | 94.66% | -3.27% |
| Net Income (Continuing) | 729.06M | 898.46M | 1.1B | 1.29B | 641M | 1.55B | 677M | 1.63B | 2.33B | 2.24B | 2.07B | 1.94B | 1.92B | 1.54B | 1.43B | 1.01B | 1B | -493M | 71M | 663M | 528M | 639M | 692M | 659M | 634M | 620M | 622M | 438M | 137M | 401M | 222M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 360.18M | 345.37M | 418M | 393M | 400M | 389M | 350M | 300M | 458M | 502M | 451M | 151M | 14M | 16M | 29M | 27M | 74M | 0 | 0 | 0 | 0 | 0 | 634M | 613M | 410M | 441M | 356M | 124M | 117M | 82.3M | 88.4M |
| EPS (Diluted) | 2.41 | 2.99 | 3.52 | 4.23 | 2.03 | 5.00 | 2.52 | 5.59 | 6.61 | 5.90 | 5.16 | 4.88 | 4.35 | 3.38 | 3.05 | 2.10 | 2.09 | -1.10 | 0.16 | 1.47 | 1.20 | 1.48 | 1.74 | 1.30 | 1.45 | 1.55 | 1.61 | 1.16 | 0.39 | 1.27 | 0.77 |
| EPS Growth % | -40.41% | -15.06% | -16.78% | 108.37% | -59.4% | 98.41% | -54.92% | -15.43% | 12.03% | 14.34% | 5.74% | 12.18% | 28.7% | 10.82% | 45.24% | 0.48% | 290% | -787.5% | -89.12% | 22.5% | -18.92% | -14.94% | 33.85% | -10.34% | -6.45% | -3.73% | 38.79% | 197.44% | -69.29% | 64.94% | -18.09% |
| EPS (Basic) | - | 2.99 | 3.52 | 4.24 | 2.04 | 5.04 | 2.52 | 5.61 | 6.65 | 5.93 | 5.19 | 4.94 | 4.41 | 3.43 | 3.09 | 2.13 | 2.12 | -1.10 | 0.16 | 1.49 | 1.22 | 1.50 | 1.75 | 1.30 | 1.45 | 1.64 | 1.76 | 1.24 | 0.41 | 1.35 | 0.80 |
| Diluted Shares Outstanding | 278.1M | 282.5M | 286.9M | 286.6M | 291.2M | 302.8M | 300.4M | 315.8M | 347.5M | 373.9M | 393.2M | 412.7M | 433.2M | 461.6M | 470.4M | 485.6M | 466M | 447.2M | 455.6M | 456.4M | 445.6M | 436M | 389.2M | 385.2M | 368M | 365.6M | 366M | 364.4M | 353.55M | 317.2M | 278.4M |
| Basic Shares Outstanding | 278.1M | 281.7M | 286.8M | 286.2M | 290.4M | 300.6M | 299.7M | 314.7M | 345.4M | 371.8M | 391M | 407.5M | 427.2M | 455.8M | 464.8M | 478.6M | 460M | 447.2M | 451.2M | 445.6M | 434.4M | 426.8M | 386.8M | 383.6M | 354.8M | 320.4M | 314M | 314M | 338.27M | 281.6M | 248.8M |
| Dividend Payout Ratio | - | 65.62% | 53.42% | 43.03% | 86.82% | 33.95% | 61.69% | 25.44% | 19.51% | 18.13% | 18.96% | 17.59% | 16.79% | 18.19% | 17.59% | 23.18% | 10.28% | - | 170.45% | 21.49% | 30.09% | 26.95% | 20.52% | 28.16% | 21.48% | 18.79% | 16.22% | 20.23% | 13.14% | 11.88% | 20.01% |
Cyclical OEM Production Sensitivity
According to the provided quarterly income statements, Magna's revenue growth has remained largely range-bound, fluctuating between a 8.2% decline and a 3.6% increase, suggesting that the company is struggling to achieve meaningful top-line expansion in the current global light vehicle production environment.
The lack of consistent revenue momentum appears to reflect the company's high sensitivity to OEM production schedules and the broader stagnation in global vehicle demand. Investors should monitor whether the recent volatility in quarterly growth rates indicates a structural inability to capture market share or merely a temporary alignment with the current automotive industry cycle.
As reported in financial statements, Magna's gross margin has experienced notable contraction, falling from a peak of 14.6% in 2024Q4 to 9.6% by 2026Q1, which highlights the company's limited ability to pass through inflationary cost pressures to its OEM customers.
The erosion of gross margins suggests that Magna faces significant pricing power limitations, likely exacerbated by annual productivity reduction demands from automakers. This trend warrants further investigation into whether the company's high-fixed-cost manufacturing model can sustain profitability if input costs remain elevated or if production volumes continue to soften.
Based on the reported figures, operating income has shown extreme sensitivity to revenue fluctuations, with operating margins swinging from 9.2% in 2025Q3 down to 4.3% in 2026Q1, indicating that the company's cost structure lacks the flexibility to protect profitability during periods of revenue deceleration.
The high fixed-cost nature of Magna's assembly and manufacturing operations appears to amplify the impact of even minor revenue declines on the bottom line. This operating leverage suggests that the company's profitability is inherently fragile, requiring consistent volume growth to maintain acceptable margins, which may be difficult to achieve in the current automotive climate.
Analysis of the income statement reveals significant inconsistency in net income, which plummeted to a net loss of $11.8 million in 2026Q1, suggesting that non-operating items or restructuring charges may be obscuring the underlying earnings power of the core business segments.
The erratic nature of the bottom line, characterized by sharp swings in EPS, implies that investors should look beyond reported net income to understand the company's true operational health. The frequent divergence between operating income and net income warrants further investigation into the impact of joint venture accounting and potential asset impairments that may be distorting the reported results.
Quick answers to the most common questions about buying MGA stock.
For fiscal year 2025, Magna International Inc. (MGA) reported total revenue of $42.75B. This represents a 903.0% increase compared to $4.26B in 1996.
Magna International Inc. (MGA) is profitable, generating $843.5M in net income for the fiscal year ending 2025 with a net profit margin of 2.0%.
Magna International Inc. (MGA) reported an operating income of $2.15B, resulting in an operating profit margin of 5.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Magna International Inc. (MGA) generated $4.41B in gross profit for the year, representing a gross profit margin of 10.3%. This demonstrates the company's core pricing power and production efficiency.