Autoliv vs Aptiv
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The short version
- Aptiv is the larger business, with $20.4B of revenue in fiscal 2025 against $10.8B for Autoliv, about 1.9 times as much.
- Autoliv grew revenue faster (4.1%, against 3.5%).
- Autoliv kept more of each dollar of sales as operating profit (10.1% operating margin, against 5.8%).
- Aptiv turned more of its sales into free cash flow (7.5% FCF margin, against 6.6%).
- Autoliv earned a higher return on the capital invested in it (20.3%, against 3.7%).
- Investors pay more for each dollar of Aptiv’s earnings: a P/E of 40.3x against 13.8x for Autoliv.
| Latest fiscal year | ALV · FY25 | APTV · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.4B | $9.1B |
| Revenue | $10.8B | $20.4B |
| Free cash flow | $716M | $1.5B |
| Net income | $735M | $165M |
| Growth | ||
| Revenue growth | 4.1% | 3.5% |
| 5-year growth | 7.8% | 9.3% |
| Share count change | −4.4% | −14.0% |
| Profitability | ||
| Gross margin | 19.2% | 19.1% |
| Operating margin | 10.1% | 5.8% |
| Net margin | 6.8% | 0.8% |
| FCF margin | 6.6% | 7.5% |
| Return on capital | 20.3% | 3.7% |
| Return on equity | 30.3% | 1.8% |
| Balance sheet | ||
| Net debt | $1.5B | $5.9B |
| Net debt / EBITDA | 1.0x | 2.7x |
| Dividends and buybacks | $589M | $397M |
| Valuation & quality | ||
| P/E | 13.8x | 40.3x |
| Piotroski F-score | 8 | 8 |
Revenue
FY16
ALV $7.9B
APTV $12.3B
FY17
ALV $8.1B
APTV $12.9B
FY18
ALV $8.7B
APTV $14.4B
FY19
ALV $8.5B
APTV $14.4B
FY20
ALV $7.4B
APTV $13.1B
FY21
ALV $8.2B
APTV $15.6B
FY22
ALV $8.8B
APTV $17.5B
FY23
ALV $10.5B
APTV $20.1B
FY24
ALV $10.4B
APTV $19.7B
FY25
ALV $10.8B
APTV $20.4B
ALV
APTV
Operating margin
FY16
ALV 10.5%
APTV 12.5%
FY17
ALV 10.6%
APTV 11.0%
FY18
ALV 7.9%
APTV 10.2%
FY19
ALV 8.5%
APTV 8.9%
FY20
ALV 5.1%
APTV 16.2%
FY21
ALV 8.2%
APTV 7.6%
FY22
ALV 7.5%
APTV 7.2%
FY23
ALV 6.6%
APTV 7.8%
FY24
ALV 9.4%
APTV 9.3%
FY25
ALV 10.1%
APTV 5.8%
ALV
APTV
Free cash flow
FY16
ALV $362M
APTV $1.3B
FY17
ALV $356M
APTV $770M
FY18
ALV $30.6M
APTV $782M
FY19
ALV $158M
APTV $843M
FY20
ALV $505M
APTV $829M
FY21
ALV $296M
APTV $611M
FY22
ALV $128M
APTV $419M
FY23
ALV $409M
APTV $990M
FY24
ALV $480M
APTV $1.6B
FY25
ALV $716M
APTV $1.5B
ALV
APTV
Return on capital
FY16
ALV 17.3%
APTV 20.7%
FY17
ALV 14.1%
APTV 19.3%
FY18
ALV 10.5%
APTV 17.3%
FY19
ALV 14.2%
APTV 14.0%
FY20
ALV 6.6%
APTV 23.2%
FY21
ALV 13.1%
APTV 11.2%
FY22
ALV 12.4%
APTV 9.4%
FY23
ALV 14.3%
APTV 10.2%
FY24
ALV 18.6%
APTV 10.1%
FY25
ALV 20.3%
APTV 3.7%
ALV
APTV
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.