Motorcar Parts of America, Inc. (MPAA) Income Statement

30Y historyFree accessUpdated daily

Operating performance remains strained by structural margin compression, with gross margins oscillating between 17.2% and 24.1% over the last ten quarters.

Annual statement

MPAA Income Statement

Motorcar Parts of America, Inc. (MPAA) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Mar'26	Mar'25	Mar'24	Mar'23	Mar'22	Mar'21	Mar'20	Mar'19	Mar'18	Mar'17	Mar'16	Mar'15	Mar'14	Mar'13	Mar'12	Mar'11	Mar'10	Mar'09	Mar'08	Mar'07	Mar'06	Mar'05	Mar'04	Mar'03	Mar'02	Mar'01	Mar'00	Mar'98	Mar'97	Mar'96

Sales/Revenue	769.46M	789.81M	757.35M	717.68M	683.07M	650.31M	540.78M	535.83M	472.8M	428.07M	421.25M	368.97M	301.71M	258.67M	406.27M	363.69M	161.28M	147.22M	134.87M	133.34M	136.32M	112.1M	95.78M	152.64M	167.57M	172.04M	160.7M	194.29M	112.95M	86.87M	44.91M
Revenue Growth %	-0.82%	4.28%	5.53%	5.07%	5.04%	20.25%	0.92%	13.33%	10.45%	1.62%	14.17%	22.29%	16.64%	-36.33%	11.71%	125.49%	9.55%	9.16%	1.15%	-2.19%	21.61%	17.04%	-37.25%	-8.91%	-2.6%	7.06%	-17.29%	72.01%	30.02%	93.42%	58.7%
Cost of Goods Sold	616.3M	629.9M	603.53M	585.13M	569.11M	532.44M	431.32M	417.43M	383.62M	322.2M	306.21M	268.05M	220.14M	177.1M	350.54M	335.98M	109.9M	105.9M	95.32M	96.12M	115.04M	84.19M	68.73M	129.5M	150.18M	151.47M	148.73M	188.1M	91.32M	69.25M	31.52M
COGS % of Revenue	-	79.75%	79.69%	81.53%	83.32%	81.88%	79.76%	77.9%	81.14%	75.27%	72.69%	72.65%	72.96%	68.47%	86.28%	92.38%	68.14%	71.93%	70.68%	72.09%	84.39%	75.1%	71.76%	84.84%	89.62%	88.04%	92.55%	96.81%	80.85%	79.72%	70.18%
Gross Profit	153.16M	159.9M	153.83M	132.55M	113.96M	117.86M	109.46M	118.4M	89.17M	105.87M	115.05M	100.92M	81.57M	81.57M	55.73M	27.71M	51.38M	41.33M	39.55M	37.22M	21.28M	27.91M	27.05M	23.14M	17.39M	20.57M	11.97M	6.2M	21.64M	17.62M	13.39M
Gross Margin %	19.9%	20.25%	20.31%	18.47%	16.68%	18.12%	20.24%	22.1%	18.86%	24.73%	27.31%	27.35%	27.04%	31.53%	13.72%	7.62%	31.86%	28.07%	29.32%	27.91%	15.61%	24.9%	28.24%	15.16%	10.38%	11.96%	7.45%	3.19%	19.15%	20.28%	29.82%
Gross Profit Growth %	-	3.95%	16.05%	16.31%	-3.31%	7.68%	-7.55%	32.77%	-15.77%	-7.97%	13.99%	23.72%	0.01%	46.36%	101.13%	-46.08%	24.33%	4.5%	6.25%	74.88%	-23.76%	3.19%	16.93%	33.03%	-15.48%	71.92%	93.16%	-71.36%	22.81%	31.54%	50.48%
Operating Expenses	103.84M	102.99M	113.91M	86.43M	77.52M	89.16M	62.83M	101.66M	73.53M	56.25M	47.07M	62.64M	47.99M	49.46M	59.87M	53.45M	25.12M	23.02M	26.71M	24.47M	23.76M	19.11M	15.22M	12.17M	10.45M	9.33M	11.44M	14.73M	9.26M	7.46M	6.56M
OpEx % of Revenue	-	13.04%	15.04%	12.04%	11.35%	13.71%	11.62%	18.97%	15.55%	13.14%	11.17%	16.98%	15.9%	19.12%	14.74%	14.7%	15.57%	15.64%	19.81%	18.35%	17.43%	17.04%	15.89%	7.97%	6.23%	5.43%	7.12%	7.58%	8.2%	8.59%	14.61%
Selling, General & Admin	91.97M	88.79M	86.61M	80.25M	76.48M	80.33M	71.87M	74.26M	65.51M	50.56M	43.25M	59.63M	45.71M	47.52M	57.24M	51.69M	23.57M	21.6M	24.72M	23.2M	22.3M	17.87M	14.38M	11.59M	9.99M	8.37M	9.51M	13.7M	8.71M	7.28M	6.56M
SG&A % of Revenue	-	11.24%	11.44%	11.18%	11.2%	12.35%	13.29%	13.86%	13.86%	11.81%	10.27%	16.16%	15.15%	18.37%	14.09%	14.21%	14.61%	14.67%	18.33%	17.4%	16.36%	15.94%	15.01%	7.6%	5.96%	4.87%	5.92%	7.05%	7.72%	8.38%	14.61%
Research & Development	14.07M	14.2M	11.4M	9.99M	10.32M	10.5M	8.56M	9.2M	8.01M	5.69M	3.82M	3.01M	2.27M	1.94M	2.63M	1.76M	1.55M	1.42M	1.99M	1.27M	1.46M	1.23M	836K	565K	564K	552K	472K	714K	549K	185K	0
R&D % of Revenue	-	1.8%	1.51%	1.39%	1.51%	1.61%	1.58%	1.72%	1.7%	1.33%	0.91%	0.82%	0.75%	0.75%	0.65%	0.49%	0.96%	0.97%	1.48%	0.95%	1.07%	1.1%	0.87%	0.37%	0.34%	0.32%	0.29%	0.37%	0.49%	0.21%	-
Other Operating Expenses	-1.59M	0	15.89M	-3.81M	-9.29M	-1.67M	-17.61M	18.2M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13K	-104K	412K	1.46M	321K	0	0	0
Operating Income	49.32M	56.91M	39.92M	46.12M	36.45M	28.7M	46.63M	16.74M	15.65M	49.62M	67.97M	38.29M	33.59M	32.1M	-88.83M	-27.49M	25.38M	18.31M	10.64M	12.75M	-2.48M	8.81M	11.84M	10.96M	6.94M	11.24M	-389K	-8.54M	12.37M	10.15M	6.83M
Operating Margin %	6.41%	7.21%	5.27%	6.43%	5.34%	4.41%	8.62%	3.12%	3.31%	11.59%	16.14%	10.38%	11.13%	12.41%	-21.86%	-7.56%	15.74%	12.43%	7.89%	9.56%	-1.82%	7.86%	12.36%	7.18%	4.14%	6.53%	-0.24%	-4.39%	10.95%	11.69%	15.21%
Operating Income Growth %	-	42.55%	-13.44%	26.54%	26.97%	-38.45%	178.61%	6.98%	-68.47%	-26.99%	77.54%	13.99%	4.62%	136.14%	-223.15%	-208.28%	38.66%	72.03%	-16.54%	615.19%	-128.1%	-25.58%	7.94%	57.91%	-38.23%	2989.72%	95.44%	-168.99%	21.85%	48.61%	100.94%
EBITDA	55.12M	66.7M	50.32M	57.74M	48.89M	41.59M	57.78M	26.3M	22.98M	54.13M	71.69M	41.22M	36.11M	34.85M	-83.54M	-20.14M	29.28M	22.19M	13.58M	15.19M	-670K	10.77M	13.77M	13.33M	9.33M	14.13M	2.58M	-5.52M	13.61M	10.87M	7.26M
EBITDA Margin %	7.16%	8.45%	6.64%	8.05%	7.16%	6.4%	10.68%	4.91%	4.86%	12.65%	17.02%	11.17%	11.97%	13.47%	-20.56%	-5.54%	18.16%	15.07%	10.07%	11.39%	-0.49%	9.61%	14.37%	8.74%	5.57%	8.21%	1.61%	-2.84%	12.05%	12.51%	16.17%
EBITDA Growth %	-13.71%	32.54%	-12.84%	18.1%	17.55%	-28.02%	119.69%	14.47%	-57.56%	-24.49%	73.9%	14.17%	3.62%	141.71%	-314.86%	-168.76%	31.98%	63.36%	-10.6%	2367.61%	-106.22%	-21.78%	3.25%	42.95%	-33.98%	447.25%	146.74%	-140.59%	25.19%	49.7%	134.23%
D&A (Non-Cash Add-back)	7.34M	9.79M	10.4M	11.62M	12.44M	12.89M	11.14M	9.56M	7.33M	4.51M	3.71M	2.94M	2.52M	2.74M	5.29M	7.35M	3.9M	3.88M	2.94M	2.44M	1.8M	1.96M	1.93M	2.37M	2.38M	2.89M	2.97M	3.01M	1.24M	717K	429K
EBIT	46.17M	66.97M	39.86M	46.97M	36.45M	28.7M	46.63M	16.74M	15.65M	50.83M	69.81M	36.47M	33.59M	33.72M	-88.83M	-27.49M	25.38M	19.64M	10.66M	12.82M	-2.48M	6.32M	13.44M	80.35M	83.97M	11.47M	89K	-8.54M	12.37M	10.15M	6.83M
Net Interest Income	-45.93M	-46.7M	-55.55M	-60.04M	-39.55M	-15.55M	-15.77M	-25.04M	-23.23M	-15.45M	-13.09M	-16.24M	-13.06M	-18.29M	-12.32M	-4.84M	-5.36M	-4.71M	-4.2M	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	240K	0	19K	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	45.93M	46.7M	55.55M	60.04M	39.55M	15.55M	15.77M	25.04M	23.23M	15.45M	13.09M	16.24M	13.06M	18.29M	24.41M	14.26M	5.59M	4.71M	4.21M	4	4	3	2	1	1	0	0	0	0	0	0
Other Income/Expense	-44.57M	-36.64M	-55.61M	-59.19M	-39.55M	-15.55M	-15.77M	-25.04M	-23.23M	-15.45M	-13.09M	-16.24M	-13.06M	-18.29M	-147.54M	-14.26M	-6.4M	-3.38M	-4.2M	-5.45M	-5.91M	-2.95M	-1.69M	-931K	-1.34M	-3.56M	-3.7M	-3.18M	-1.58M	-1.09M	-833K
Pretax Income	4.75M	20.27M	-15.69M	-13.07M	-3.11M	13.15M	30.86M	-8.3M	-7.58M	34.18M	54.88M	22.04M	20.52M	13.81M	-113.23M	-41.74M	20.03M	14.93M	6.45M	7.3M	-838.8K	5.85M	10.14M	10.03M	5.6M	7.68M	-4.09M	-11.71M	10.79M	9.06M	6M
Pretax Margin %	0.62%	2.57%	-2.07%	-1.82%	-0.46%	2.02%	5.71%	-1.55%	-1.6%	7.98%	13.03%	5.97%	6.8%	5.34%	-27.87%	-11.48%	12.42%	10.14%	4.78%	5.48%	-0.62%	5.22%	10.59%	6.57%	3.34%	4.47%	-2.54%	-6.03%	9.56%	10.43%	13.36%
Income Tax	8.82M	7.88M	3.78M	36.18M	1.1M	5.79M	9.39M	-1.01M	268K	17.86M	17.3M	11.48M	9.07M	7.33M	-21.72M	6.77M	7.81M	5.28M	2.59M	2.7M	-3.43M	2.19M	3.86M	3.55M	-5.03M	-4M	13K	-1.17M	4.19M	3.53M	2.35M
Effective Tax Rate %	185.66%	38.85%	-24.12%	-276.83%	-35.32%	44.02%	30.42%	12.18%	-3.54%	52.26%	31.53%	52.08%	44.19%	53.08%	19.18%	-16.22%	38.99%	35.38%	40.16%	36.92%	409.16%	37.34%	38.01%	35.4%	-89.73%	-52.1%	-0.32%	10.01%	38.84%	38.94%	39.22%
Net Income	-4.07M	12.39M	-19.47M	-49.24M	-4.21M	7.36M	21.48M	-7.29M	-7.85M	16.32M	37.57M	10.56M	11.45M	107.36M	-91.51M	-48.51M	12.22M	9.65M	3.86M	4.61M	-4.96M	3.67M	6.29M	6.48M	10.63M	11.69M	-4.1M	-28.24M	6.6M	5.53M	3.65M
Net Margin %	-0.53%	1.57%	-2.57%	-6.86%	-0.62%	1.13%	3.97%	-1.36%	-1.66%	3.81%	8.92%	2.86%	3.8%	41.5%	-22.52%	-13.34%	7.58%	6.55%	2.86%	3.46%	-3.64%	3.27%	6.56%	4.25%	6.34%	6.79%	-2.55%	-14.54%	5.85%	6.37%	8.12%
Net Income Growth %	-345.56%	163.66%	60.46%	-1070.53%	-157.15%	-65.72%	394.6%	7.12%	-148.11%	-56.58%	255.7%	-7.77%	-89.33%	217.32%	-88.63%	-497%	26.68%	150.09%	-16.28%	192.96%	-235.11%	-41.67%	-2.99%	-38.99%	-9.1%	384.96%	85.48%	-527.81%	19.3%	51.78%	127.88%
Net Income (Continuing)	-4.07M	12.39M	-19.47M	-49.24M	-4.21M	7.36M	21.48M	-7.29M	-7.85M	19.26M	37.57M	10.56M	11.45M	6.48M	14.56M	14.35M	12.22M	9.65M	3.86M	4.61M	-4.96M	2.08M	6.29M	5.4M	10.99M	11.83M	-3.81M	-10.54M	6.6M	5.53M	3.65M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	100.88M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-0.22	0.62	-0.99	-2.51	-0.22	0.38	1.11	-0.39	-0.42	0.84	1.93	0.55	0.65	7.01	-6.36	-3.80	0.99	0.80	0.32	0.39	-0.59	0.25	0.85	0.64	1.29	1.52	-0.64	-4.37	1.16	1.11	0.93
EPS Growth %	-511.73%	162.63%	60.56%	-1040.91%	-157.89%	-65.77%	384.62%	7.14%	-150%	-56.48%	250.91%	-15.38%	-90.73%	210.22%	-67.37%	-483.84%	23.75%	150%	-17.95%	166.1%	-336%	-70.59%	32.81%	-50.39%	-15.13%	337.5%	85.35%	-476.72%	4.5%	19.35%	89.8%
EPS (Basic)	-	0.64	-0.99	-2.51	-0.22	0.39	1.13	-0.39	-0.42	0.87	2.02	0.58	0.68	7.34	-6.39	-3.90	1.01	0.80	0.32	0.40	-0.59	0.25	0.89	0.67	1.38	1.63	-0.64	-4.37	1.20	1.11	0.93
Diluted Shares Outstanding	18.92M	19.98M	19.68M	19.6M	19.34M	19.56M	19.39M	18.91M	18.85M	19.51M	19.42M	19.07M	17.61M	15.32M	14.39M	12.76M	12.33M	12.12M	12.09M	11.81M	8.35M	8.48M	8.57M	8.44M	8.52M	7.78M	6.46M	6.46M	5.69M	5.01M	3.94M
Basic Shares Outstanding	18.92M	19.3M	19.68M	19.6M	19.34M	19.12M	19.02M	18.91M	18.69M	18.85M	18.61M	18.23M	16.73M	14.63M	14.33M	12.44M	12.04M	11.99M	12M	11.52M	8.35M	8.25M	8.18M	8.06M	7.97M	7.26M	6.46M	6.46M	5.52M	5.01M	3.94M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Metrics

Growth RegimeMixed

ProfitabilityStrained

Balance SheetStrained

Cash FlowMixed

Top Statement Risk

Thin margins and volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q4)

Revenue Growth Lacks Consistent Momentum

According to the provided quarterly data, MPAA's revenue growth has fluctuated significantly, ranging from a 9.9% year-over-year increase in 2026Q4 to a 9.9% contraction in 2026Q3, suggesting that top-line performance remains highly sensitive to seasonal demand and the inherent volatility of the automotive aftermarket cycle.

The inconsistent revenue trajectory indicates that the company struggles to maintain a steady growth baseline, likely due to the transactional nature of its core remanufacturing business. Investors should monitor whether the recent uptick in 2026Q4 represents a sustainable recovery or merely a temporary rebound from the prior quarter's sharp decline.

Structural Margin Compression Remains Persistent

As reported in the financial statements, MPAA's gross margins have oscillated between 17.2% and 24.1% over the last ten quarters, reflecting the inherent difficulty in managing input costs and core return logistics within a highly competitive and price-sensitive automotive parts retail environment.

The inability to consistently expand gross margins suggests that the company lacks significant pricing power against its major retail partners. This structural limitation forces the firm to absorb commodity price fluctuations, which directly impacts the bottom line and limits the potential for meaningful net margin expansion.

Operating Leverage Remains Constrained

Based on the income statement data, MPAA's operating income has failed to scale predictably with revenue, as evidenced by operating margins that dipped as low as -3.8% in 2025Q1, highlighting the company's struggle to manage its fixed cost base during periods of revenue volatility.

The lack of operating leverage implies that the company's SG&A expenses are relatively rigid, preventing the firm from capturing significant efficiencies during growth phases. This suggests that the current business model requires a higher revenue threshold to achieve consistent profitability, leaving the company vulnerable to even minor operational disruptions.

Earnings Quality Obscured by Volatility

Analysis of the reported figures reveals that net income has been frequently negative or negligible, with significant quarterly swings such as the $47.2 million loss in 2024Q3, suggesting that non-operating items and accounting adjustments for core inventory may be distorting the true underlying earnings power.

The frequent divergence between operating income and net income warrants further investigation into the company's non-operating expenses and tax treatment. Investors should be cautious of relying on EPS as a performance metric given the high frequency of negative net income quarters and the potential for non-cash charges to mask operational realities.

Margin Compression Risks Outweigh Growth

While management points to EV diagnostic expansion, the data suggests that the core remanufacturing business remains the primary driver, with thin net margins of 1.57% in 2026Q4 indicating that the company is not yet successfully pivoting to higher-margin, technology-led revenue streams.

Short-term growth in revenue appears insufficient to offset the structural costs of the remanufacturing model, raising concerns about the company's long-term viability. The market may be overly optimistic about the EV transition, ignoring the reality that legacy ICE-related costs continue to weigh heavily on the income statement.

MPAA — Frequently Asked Questions

Quick answers to the most common questions about buying MPAA stock.

What was Motorcar Parts of America, Inc.'s (MPAA) revenue in 2026?

For fiscal year 2026, Motorcar Parts of America, Inc. (MPAA) reported total revenue of $789.8M. This represents a 1658.5% increase compared to $44.9M in 1996.

Is Motorcar Parts of America, Inc. (MPAA) profitable?

Motorcar Parts of America, Inc. (MPAA) is profitable, generating $12.4M in net income for the fiscal year ending 2026 with a net profit margin of 1.6%.

What is Motorcar Parts of America, Inc.'s operating profit margin?

Motorcar Parts of America, Inc. (MPAA) reported an operating income of $56.9M, resulting in an operating profit margin of 7.2%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Motorcar Parts of America, Inc.'s gross profit and gross margin?

Motorcar Parts of America, Inc. (MPAA) generated $159.9M in gross profit for the year, representing a gross profit margin of 20.2%. This demonstrates the company's core pricing power and production efficiency.