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US-Irish auto-parts maker of electrical/electronic architecture, wiring and software for vehicle safety and connectivity.
US-Irish auto-parts maker of electrical/electronic architecture, wiring and software for vehicle safety and connectivity.
Sold to automakers under contracts awarded years before a model launches, so revenue follows the vehicle programmes it has won and the volumes those cars reach. Descended from General Motors' Delphi parts unit, it has announced plans to separate its wiring business from the rest.
Moat: narrow (switching costs, customer qualification, scale). Deep OEM design-in relationships and complex wiring-architecture know-how, in a competitive, price-pressured supplier industry.
Headquarters: Dublin, Ireland · Founded: 1994 · Employees: 140,000
Size Aptiv (APTV) is a United States Consumer Discretionary company (Electrical Products) with a market value of $7.98B, the 884th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.44 on 6 Nov 2026.
Performance Over six months the shares fell 31.9%, against -26.0% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +3.2%); the operating margin is 9.7% (peer median 5.8%).
Valuation It trades at 6.8× forward earnings.
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (9.3% WACC).
Backlog Backlog (remaining performance obligations) was $163M at 30 Sep 2026, down 4% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Aptiv has 6 bonds outstanding ($3.57B), rated BBB by the agencies and trading like BBB at a weighted spread of 123 bp.
Short interest Short interest is 4.5% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.7B | $20.4B | $19.7B | $20.1B | $17.5B |
| Revenue growth | — | +3% | -2% | +15% | — |
| Gross profit | $3.29B | $3.38B | $3.53B | $3.09B | $2.50B |
| EBITDA | $2.75B | $2.88B | $3.03B | $2.56B | $2.12B |
| Net income | $220M | $165M | $1.79B | $2.94B | $594M |
| Free cash flow | $2.68B | $1.53B | $1.62B | $990M | $419M |
| Capital expenditure | $588M | $656M | $830M | $906M | $844M |
| Total debt | $5.68B | $8.09B | $8.89B | $6.79B | $6.96B |
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 |
|---|---|---|---|---|---|---|
| Aptiv APTV | $7.98B | -32% | -5% | 10% | 6.8× | -6.8% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% |
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 | APTV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.8% | -6.5% | 2nd lowest of 6 |
| 6-month return | -31.9% | -26.0% | 3rd lowest of 6 |
| Distance from 52-week high | -55.6% | -34.3% | 3rd lowest of 6 |
| Revenue growth (TTM) | -5.4% | +3.2% | 2nd lowest of 5 |
| Operating margin | 9.7% | 5.8% | 2nd highest of 5 |
| Forward P/E | 6.8× | n/a | — |
| Growth the price implies (Req g, 7 yrs) | -6.8% | n/a | — |
| Growth delivered (Del g) | +9.3% | n/a | — |
| Hurdle (Req g minus delivered) | -16.2 pp | n/a | — |
| ROIC minus cost of capital | +1.2 pp | +0.2 pp | 3rd highest of 6 |
| EV / EBITDA | 4.7× | n/a | — |
| Net debt / EBITDA | 1.8× | n/a | — |
| Bond spread | 123 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aptiv APTV | United States | $7.98B | -32% | -5% | 10% | 6.8× | -6.8% | +9.3% |
| Versigent VGNT | United States | $2.90B | -2% | +6% | 8% | 5.7× | -2.5% | +3.2% |
| QuantumScape QS | United States | $2.66B | -43% | n/a | n/a | n/a | n/a | n/a |
| Hankook & 000240.KS | South Korea | $1.71B | -2% | +13% | 28% | n/a | -12.0% | +14.7% |
| BYD 1211.HK | Hong Kong | $98.9B | -26% | 0% | 4% | 15.8× | n/a | n/a |
| Solid Power SLDP | United States | $453M | -35% | -66% | -1,475% | n/a | n/a | n/a |
Aptiv has 6 bonds outstanding with $3.57B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 6.43%, a spread of 123 bp over government bonds.
Aptiv reported $163M of remaining performance obligations at 30 Sep 2026, down 4% from a year earlier and down 7% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.