Advance Auto Parts vs PHINIA
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The short version
- Advance Auto Parts is the larger business, with $8.6B of revenue in fiscal 2025 against $3.5B for PHINIA, about 2.5 times as much.
- PHINIA grew revenue faster (2.4%, against −5.4%).
- PHINIA kept more of each dollar of sales as operating profit (7.3% operating margin, against −0.5%).
- PHINIA turned more of its sales into free cash flow (5.4% FCF margin, against −3.5%).
- Investors pay more for each dollar of Advance Auto Parts’s earnings: a P/E of 34.2x against 16.5x for PHINIA.
| Latest fiscal year | AAP · FY25 | PHIN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.9B | $2.2B |
| Revenue | $8.6B | $3.5B |
| Free cash flow | −$298M | $188M |
| Net income | $44.0M | $130M |
| Growth | ||
| Revenue growth | −5.4% | 2.4% |
| 5-year growth | −3.2% | — |
| Share count change | 1.2% | −10.5% |
| Profitability | ||
| Gross margin | 43.4% | 21.9% |
| Operating margin | −0.5% | 7.3% |
| Net margin | 0.5% | 3.7% |
| FCF margin | −3.5% | 5.4% |
| Return on capital | −1.5% | — |
| Return on equity | 2.0% | 8.2% |
| Balance sheet | ||
| Net debt | $289M | $617M |
| Net debt / EBITDA | 1.3x | 1.5x |
| Dividends and buybacks | $60.0M | $42.0M |
| Valuation & quality | ||
| P/E | 34.2x | 16.5x |
| Piotroski F-score | 5 | — |
Revenue
FY16
AAP $9.6B
PHIN —
FY17
AAP $9.4B
PHIN —
FY18
AAP $9.6B
PHIN —
FY19
AAP $9.7B
PHIN —
FY20
AAP $10.1B
PHIN —
FY21
AAP $11.0B
PHIN $3.2B
FY22
AAP $9.1B
PHIN $3.3B
FY23
AAP $9.2B
PHIN $3.5B
FY24
AAP $9.1B
PHIN $3.4B
FY25
AAP $8.6B
PHIN $3.5B
AAP
PHIN
Operating margin
FY16
AAP 8.2%
PHIN —
FY17
AAP 6.1%
PHIN —
FY18
AAP 6.3%
PHIN —
FY19
AAP 7.0%
PHIN —
FY20
AAP 7.4%
PHIN —
FY21
AAP 7.5%
PHIN 5.4%
FY22
AAP 5.7%
PHIN 9.5%
FY23
AAP 0.4%
PHIN 6.9%
FY24
AAP −7.8%
PHIN 7.6%
FY25
AAP −0.5%
PHIN 7.3%
AAP
PHIN
Free cash flow
FY16
AAP $264M
PHIN —
FY17
AAP $411M
PHIN —
FY18
AAP $617M
PHIN —
FY19
AAP $597M
PHIN —
FY20
AAP $702M
PHIN —
FY21
AAP $817M
PHIN $1.0M
FY22
AAP $338M
PHIN $196M
FY23
AAP $61.0M
PHIN $100M
FY24
AAP −$96.0M
PHIN $203M
FY25
AAP −$298M
PHIN $188M
AAP
PHIN
Return on capital
FY16
AAP 13.2%
PHIN —
FY17
AAP 13.5%
PHIN —
FY18
AAP 12.1%
PHIN —
FY19
AAP 13.6%
PHIN —
FY20
AAP 14.9%
PHIN —
FY21
AAP 17.3%
PHIN —
FY22
AAP 11.4%
PHIN —
FY23
AAP 0.8%
PHIN 6.5%
FY24
AAP −19.1%
PHIN —
FY25
AAP −1.5%
PHIN —
AAP
PHIN
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.