Is the business good?
How good a business is APTV?
Aptiv earns 5.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.7%
Return on invested capital · cost of capital 9.0% · 3.3 points below what the capital costs: growth destroys value
- Operating margin
- 5.4%
Operating margin · Auto Parts median 8.5% · 12 months to Q1 2026
- Cash conversion
- 2.99×
Cash conversion · 1.10× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −7.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 7.6% |
| FY2022 | 7.2% |
| FY2023 | 7.8% |
| FY2024 | 9.3% |
| FY2025 | 5.8% |
Details›
- Gross margin12 months to Q1 2026
- 19%
- Operating margin12 months to Q1 2026
- 5.4%
- Net margin12 months to Q1 2026
- 1.8%
- Free cash flow margin
- 5.3%
- Revenue, trailing twelve months
- $20.7B
- Free cash flow, trailing twelve months
- $1.09B
- Net income, trailing twelve months
- $365M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.