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Makes automotive seating systems and components, supplying seat structures, foam and trim to automakers globally.
Makes automotive seating systems and components, supplying seat structures, foam and trim to automakers globally.
Builds seats to order and delivers them in the exact sequence vehicles come down an automaker's line, under contracts awarded years before a model launches and paid per seat. It was spun out of Johnson Controls in 2016, and much of its Chinese business runs through joint ventures with local partners.
Moat: narrow (scale, customer qualification). World's largest automotive seat supplier by volume, but a low-margin, capital-intensive commodity business.
Headquarters: Plymouth, Michigan, US · Founded: 2016
Size Adient (ADNT) is a United States Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.26B, the 2109th largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.30 on 6 Nov 2026.
Performance Over six months the shares fell 28.4%, against -16.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +13.7%); the operating margin is 2.5% (peer median 5.9%).
Valuation It trades at 6.1× forward earnings against a peer median of 20.3× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.0 points above its cost of capital (13.0% WACC).
Credit Adient has 1 bond outstanding ($465M), rated BB by the agencies and trading like BB at a weighted spread of 238 bp.
Short interest Short interest is 9.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $15.2B | $15.2B | $14.5B | $14.7B | $15.4B |
| Revenue growth | — | +4% | -1% | -5% | — |
| Gross profit | $940M | $985M | $994M | $966M | $975M |
| EBITDA | $718M | $763M | $774M | $791M | $766M |
| Net income | -$17.0M | -$17.0M | -$281M | $18.0M | $205M |
| Free cash flow | $222M | $222M | $204M | $272M | $415M |
| Capital expenditure | $311M | $311M | $245M | $266M | $252M |
| Total debt | $14.0M | $2.35B | $2.65B | $2.65B | $2.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Adient ADNT | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% |
| Forvia FRVIA.PA | $1.93B | -20% | -32% | 5% | n/a | -8.3% |
| Toyota Boshoku 3116.T | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ADNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.5% | -3.6% | 7th lowest of 21 |
| 6-month return | -28.4% | -16.4% | 6th lowest of 20 |
| Distance from 52-week high | -40.3% | -45.1% | 9th highest of 21 |
| Revenue growth (TTM) | +4.4% | +13.7% | 7th lowest of 20 |
| Operating margin | 2.5% | 5.9% | 9th lowest of 21 |
| Forward P/E | 6.1× | 20.3× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -17.6% | 20.8% | least demanding of 10 |
| Growth delivered (Del g) | +2.1% | +13.7% | lowest of 9 |
| Hurdle (Req g minus delivered) | -19.7 pp | -8.7 pp | least demanding of 9 |
| ROIC minus cost of capital | +7.0 pp | +0.4 pp | highest of 20 |
| Net debt / EBITDA | 2.0× | -0.4× | 3rd most indebted of 10 |
| Bond spread | 238 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% | +2.1% |
| Hong Leong Asia H22.SI | Singapore | $1.26B | -40% | +17% | 9% | 9.5× | -12.9% | +2.9% |
| Jiangsu Yunyi Electric 300304.SZ | China | $1.27B | -19% | +14% | 17% | 16.9× | 17.1% | +23.4% |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | n/a | n/a | n/a |
| Varroc Engineering VARROC.NS | India | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% | +15.1% |
| ASK Automotive ASKAUTOLTD.NS | India | $1.28B | +35% | +39% | 9% | 34.3× | n/a | n/a |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% | n/a |
| Longhorn Auto 301488.SZ | China | $1.29B | -32% | +34% | 2% | 82.0× | n/a | n/a |
| Zhejiang Shibao 002703.SZ | China | $1.29B | -20% | +16% | 4% | n/a | 41.6% | +26.5% |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |
| Zhejiang Fenglong Electric 002931.SZ | China | $1.30B | -31% | +2% | 0% | n/a | n/a | n/a |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | n/a | n/a | n/a |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| Wuxi Best Precision Machinery 300580.SZ | China | $1.32B | -40% | +12% | 16% | 29.4× | 20.8% | +10.1% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 31.8× | n/a | n/a |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 9.0× | n/a | n/a |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
Adient has 1 bond outstanding with $465M face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 7.01%, a spread of 238 bp over government bonds.