Adient plc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Adient plc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	16,790	16,213	17,439	16,526	12,670	13,680	14,121	15,395	14,688	14,535
Cost of revenue	15,181	14,816	16,535	15,725	12,078	12,854	13,314	14,362	13,760	13,574
Gross profit	1,609	1,397	904	801	592	826	807	1,033	928	961
Research and development	460	488	513	454	370	316	322	362	372	387
Selling, general and administrative	1,222	729	730	671	558	537	598	554	507	522
Interest expense	5	129	143	137	203	229	192	132	187	183
Interest income	2	4	5	11	11	7	9	22	28	24
Pre-tax income	377	1,061	-1,121	2	-429	1,439	54	295	133	-88
Income tax	1,839	99	480	410	57	249	94	0	32	103
Net income to minority interests	84	85	84	83	61	82	80	90	83	90
Net income	-1,546	877	-1,685	-491	-547	1,108	-120	205	18	-281
EPS, basic	-16.50	9.38	-18.06	-5.25	-5.83	11.76	-1.27	2.17	0.20	-3.39
EPS, diluted	-16.50	9.34	-18.06	-5.25	-5.83	11.58	-1.27	2.15	0.20	-3.39
Shares, basic (weighted)	93.7	93.5	93.3	93.6	93.8	94.2	94.8	94.5	89.5	83
Shares, diluted (weighted)	93.7	93.9	93.3	93.6	93.8	95.7	94.8	95.4	90.1	83
Dividend per share	0.00	0.83	0.83	0.28	0.28

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	105	709	687	924	1,692	1,521	947	1,110	945	958
Inventory	660	735	824	793	685	976	953	841	758	695
Other current assets	810	831	707	494	421	1,114	411	491	487	607
Total current assets	5,691	4,499	4,309	4,116	4,482	5,086	4,163	4,316	4,086	4,133
Property, plant and equipment	2,195	2,502	1,683	1,671	1,581	1,607	1,377	1,382	1,410	1,409
Lease right-of-use assets					334	335	266	241	248	259
Goodwill	2,179	2,515	2,182	2,150	2,057	2,212	2,057	2,094	2,164	1,807
Intangible assets	113	543	460	405	443	555	467	408	371	319
Other non-current assets	1,064	1,318	864	601	964	958	797	914	974	1,001
Total assets	12,956	13,170	10,942	10,342	10,261	10,778	9,158	9,424	9,351	8,954
Accounts payable	2,776	2,958	3,101	2,709	2,179	2,130	2,478	2,526	2,552	2,549
Accrued liabilities	430	444	331	364	374	389	340	400	358	393
Short-term debt	38	2	2	8	8	167	11	132	8	9
Total current liabilities	4,260	4,328	4,192	3,835	3,819	3,511	3,501	3,738	3,678	3,687
Long-term debt	3,442	3,440	3,422	3,708	4,097	3,512	2,564	2,401	2,396	2,386
Lease liabilities					244	246	186	163	168	176
Other non-current liabilities	725	653	440	408	622	669	585	590	638	611
Total liabilities	8,649	8,578	8,225	8,153	8,726	8,060	6,783	6,878	6,908	6,891
Total debt	3,480	3,442	3,424	3,716	4,105	3,679	2,575	2,533	2,404	2,395
Paid-in capital	0	3,942	3,951	3,962	3,974	3,991	4,026	3,973	3,712	3,602
Retained earnings	0	734	-1,028	-1,545	-2,096	-988	-1,108	-903	-885	-1,166
Other comprehensive income	-276	-397	-531	-569	-665	-627	-845	-842	-693	-670
Shareholders' equity	4,176	4,279	2,392	1,848	1,213	2,376	2,073	2,228	2,134	1,766
Minority interests	131	313	325	341	322	342	302	318	309	297
Total equity	4,307	4,592	2,717	2,189	1,535	2,718	2,375	2,546	2,443	2,063
Total liabilities and equity	12,956	13,170	10,942	10,342	10,261	10,778	9,158	9,424	9,351	8,954
Shares outstanding	0	93.1	93.4	93.6	93.9	94.4	94.9	93.7	84.9	79.2

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-1,462	962	-1,601	-408	-486	1,190	-40	295	101	-191
Depreciation and amortization	327	337	400	278	295	285	298	290	285	279
Stock-based compensation	28	45	47	20	15	36	29	34	31	32
Deferred income tax	-572	-52	344	288	-33	40	5	-124	-1	-28
Change in receivables	83	30	73	131	190	483	-576	16	12	31
Change in inventory	49	-10	-106	8	78	-263	-62	126	93	75
Change in payables	57	-113	143	-191	-251	-388	485	-19	90	-69
Cash from operations	-1,034	746	679	308	246	260	274	667	543	449
Capital expenditures	-437	-577	-536	-468	-326	-260	-227	-252	-266	-245
Acquisitions	0	-247	0	0	0	-211	-19	-6	0	0
Cash from investing	-425	-795	-487	-383	166	347	484	-229	-253	-186
Debt issued	1,501	183	0	1,600	600	214
Debt repaid	-39	-302	-2	-1,204	-108	-895	-987	-1,104	-137	-803
Share buybacks	0	-40	0	0		0	0	-65	-275	-125
Dividends paid	0	-52	-103	-26	0	0
Cash from financing	1,516	627	-213	303	393	-770	-1,273	-271	-502	-267
Exchange rate effect	4	26	-1	9	-34	8	-59	-4	47	17
Net change in cash	61	604	-22	237	768	-171	-574	163	-165	13
Free cash flow	-1,471	169	143	-160	-80	0	47	415	277	204
Income taxes paid		148	139	102	98	78	77	94	96	92

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $17.63 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	6.3%	Gross profit / revenue.
Pre-tax margin	1.6%	Pre-tax income / revenue.
Net margin	0.3%	Net income / revenue.
FCF margin	2.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	3.8%	Cash from operations / revenue.
Effective tax rate	50.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	2.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.
SG&A / revenue	3.5%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.9%	Capital expenditures / revenue.
D&A / revenue	1.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	3.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	6.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	10.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1,661.0%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-1,795.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-17.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	17.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-26.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	63.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-17.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-5.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-2.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-7.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.10x	Current assets / current liabilities.
Quick ratio	0.24x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.24x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.38x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.7%	Total debt / total assets.
Liabilities / assets	77.5%	Total liabilities / total assets.
Net debt	$1.46B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$370.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	23.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$368.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.69x	Revenue / average total assets.
Fixed asset turnover	10.9x	Revenue / average property, plant and equipment.
Inventory turnover	19.4x	Cost of revenue / average inventory.
Days inventory	19 days	365 x average inventory / cost of revenue.
Days payables	71 days	365 x average accounts payable / cost of revenue.
FCF conversion	614.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	49.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.61	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$190.99	Revenue / diluted weighted shares.
FCF per share	$3.72	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.31	Cash from operations / diluted weighted shares.
Book value per share	$22.43	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$4.77	Tangible book value / shares outstanding.
Cash per share	$11.98	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	35.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.36B	Share price x shares outstanding.
Enterprise value	$2.82B	Market cap + total debt - cash - short-term investments.
P/E	28.3x	Market cap / net income. Only when net income is positive.
P/S	0.09x	Market cap / revenue.
P/B	0.79x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	4.61x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	2.35x	Market cap / cash from operations, when positive.
EV/Sales	0.19x	Enterprise value / revenue.
EV/FCF	9.57x	Enterprise value / free cash flow, when both are positive.
FCF yield	21.7%	Free cash flow / market cap.
Earnings yield	3.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	7.7%	(Dividends paid + share buybacks) / market cap.

What was Adient plc's revenue in fiscal 2025?

Adient plc reported revenue of $14.54B for fiscal 2025, 1% lower than the year before.

Was Adient plc profitable in fiscal 2025?

No. It reported a net loss of $281.0M.

How much free cash flow did Adient plc generate in fiscal 2025?

Cash from operations of $449.0M minus capital expenditures of $245.0M left free cash flow of $204.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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