PHINIA Reports Q4 Earnings, Sees Flat to Slightly Down Industry Volumes in 2026

Company cites benefits of diversified footprint, expects mid-single-digit sales growth and margin improvement in 2026.

Published on Feb. 14, 2026

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PHINIA, a manufacturer of integrated components and systems for combustion and hybrid propulsion, reported its fourth-quarter and full-year 2025 results. The company said its performance was in line with internal expectations despite a volatile operating environment, citing the benefits of a diversified footprint across regions, customers, end markets, and products. For the full year, PHINIA reported revenue of approximately $3.5 billion, up 3% excluding final contract manufacturing sales from its former parent in 2024, and adjusted EBITDA of $478 million, flat year over year. Looking ahead to 2026, the company guided to net sales of $3.5 billion to $3.7 billion and adjusted EBITDA of $485 million to $525 million, with expectations for mid-single-digit sales growth and margin improvement.

Why it matters

PHINIA's diverse product portfolio and global footprint have helped the company navigate a challenging operating environment, and its guidance for 2026 suggests it expects to continue growing sales and improving profitability despite forecasts for flat to slightly down industry volumes. The company's focus on innovation, cost management, and capital allocation will be key to its success going forward.

The details

In the fourth quarter, PHINIA posted net sales of $889 million, up 6.7% from the prior-year period, with growth in both its Fuel Systems and Aftermarket segments. Fuel Systems sales were $560 million, up 7.9%, with an adjusted operating margin of 10.7%, while Aftermarket sales were $329 million, up 4.8%, with an adjusted operating margin of 15.8%. For the full year, PHINIA reported revenue of approximately $3.5 billion, up 3% excluding final contract manufacturing sales from its former parent in 2024, and adjusted EBITDA of $478 million, flat year over year. The company cited new business wins across light vehicle, commercial vehicle, Off-Highway, Industrial, aerospace, and alternative fuel applications during 2025.

  • PHINIA reported its fourth-quarter and full-year 2025 results on February 14, 2026.
  • The company's Investor Day is scheduled for February 25, 2026 at the New York Stock Exchange.

The players

PHINIA

A manufacturer of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications.

Brady Ericson

Chief Executive Officer of PHINIA.

Chris Gropp

Chief Financial Officer of PHINIA.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The company plans to provide more detail on its end markets at an Investor Day scheduled for February 25, 2026 at the New York Stock Exchange.

The takeaway

PHINIA's diverse product portfolio, global footprint, and focus on innovation, cost management, and capital allocation have helped the company navigate a challenging operating environment. Its guidance for 2026 suggests the company expects to continue growing sales and improving profitability despite forecasts for flat to slightly down industry volumes, underscoring the strength of its business model.