Is the business good?
How good a business is ALV?
Autoliv, Inc. earns 19% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
19%
Return on invested capital · cost of capital 9.0% · 10 points above what the capital costs: growth creates value
- Operating margin
- 9.7%
Operating margin · Auto Parts median 8.5% · 12 months to Q1 2026
- Cash conversion
- 0.82×
Cash conversion · 0.69× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −3.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 5.1% |
| FY2021 | 8.2% |
| FY2022 | 7.4% |
| FY2023 | 6.6% |
| FY2024 | 9.4% |
| FY2025 | 10% |
Details›
- Gross margin12 months to Q1 2026
- 19%
- Operating margin12 months to Q1 2026
- 9.7%
- Net margin12 months to Q1 2026
- 6.5%
- Free cash flow margin
- 5.3%
- R&D as % of revenue
- 4.0%
- Revenue, trailing twelve months
- $11.0B
- Free cash flow, trailing twelve months
- $580M
- Net income, trailing twelve months
- $709M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 19%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.