Magna International
MGA · NYSEMotor Vehicle Parts & Accessories · Fiscal year ends Dec 31
Magna International reported revenue of $42B in the fiscal year ended Dec 2025, down 1.9% from the year before. Net income was $829M. Operating cash flow of $3.6B less capital expenditure of $1.3B left free cash flow of $2.3B. Net debt was $3.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $36.2B | $37.8B | $42.8B | $42.8B | $42B |
| Cost of revenue | $31.1B | $33.2B | $37.2B | $37B | $36B |
| Gross profit | $5.1B | $4.7B | $5.6B | $5.8B | $6B |
| Research & development | $634M | $649M | $862M | $874M | $792M |
| Selling, general & admin | $1.7B | $1.7B | $2.1B | $2.1B | $2.2B |
| Interest expense | $122M | $126M | $242M | $309M | $275M |
| Pre-tax income | $1.9B | $878M | $1.6B | $1.5B | $1.3B |
| Income tax | $395M | $237M | $320M | $446M | $425M |
| Net income | $1.5B | $592M | $1.2B | $1B | $829M |
| Diluted EPS | 5.00 | 2.03 | 4.23 | 3.52 | 2.93 |
| Diluted shares | 303M | 291M | 287M | 287M | 283M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.9B | $1.2B | $1.2B | $1.2B | $1.6B |
| Receivables | $6.3B | $6.8B | $7.9B | $7.4B | $7.6B |
| Inventory | $4B | $4.2B | $4.6B | $4.2B | $4.1B |
| Current assets | $13.5B | $12.5B | $14B | $13.1B | $13.7B |
| Net PP&E | $8.3B | $8.2B | $9.6B | $9.6B | $9.5B |
| Goodwill | $2.1B | $2B | $2.8B | $2.7B | $2.5B |
| Total assets | $29.1B | $27.8B | $32.3B | $31B | $31.4B |
| Payables | $6.5B | $7B | $7.8B | $7.2B | $6.9B |
| Deferred revenue | $273M | $347M | $570M | $301M | $454M |
| Current liabilities | $10.4B | $11B | $13.2B | $12.1B | $11B |
| Short-term debt | $455M | $654M | $819M | $708M | $27M |
| Long-term debt | $3.5B | $2.8B | $4.2B | $4.1B | $4.7B |
| Total liabilities | $16.9B | $16.5B | $20B | $19.1B | $18.6B |
| Shareholders' equity | $11.8B | $10.9B | $11.9B | $11.5B | $12.5B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.9B | $2.1B | $3.1B | $3.6B | $3.6B |
| Capital expenditure | $1.4B | $1.7B | $2.5B | $2.2B | $1.3B |
| Free cash flow | $1.6B | $414M | $649M | $1.5B | $2.3B |
| Depreciation & amortisation | $1.5B | $1.4B | $1.4B | $1.5B | $1.5B |
| Acquisitions | – | $3M | $1.5B | $86M | $1M |
| Share buybacks | $517M | $780M | $13M | $207M | $137M |
| Dividends paid | $514M | $514M | $522M | $539M | $544M |
| Dividend per share | 1.72 | 1.80 | 1.84 | 1.90 | 1.94 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.4% | 13.1% | 0.1% | −1.9% |
| EPS growth (YoY) | – | −59.4% | 108.4% | −16.8% | −16.8% |
| Gross margin | 14.2% | 12.3% | 13.1% | 13.5% | 14.3% |
| Net margin | 4.2% | 1.6% | 2.8% | 2.4% | 2.0% |
| Return on equityBlank when equity is negative | 12.8% | 5.4% | 10.2% | 8.8% | 6.6% |
| Free cash flow margin | 4.3% | 1.1% | 1.5% | 3.4% | 5.4% |
| Cash conversion (CFO ÷ net income) | 1.94x | 3.54x | 2.60x | 3.60x | 4.34x |
| Receivable days | 64 | 66 | 67 | 63 | 66 |
| Inventory days | 47 | 46 | 45 | 41 | 42 |
| Payable days | 76 | 77 | 77 | 71 | 70 |
| Debt ÷ equity | 0.34x | 0.32x | 0.42x | 0.42x | 0.38x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1B | $2.3B | $3.8B | $3.6B | $3.1B |
| Current ratio | 1.30x | 1.14x | 1.06x | 1.08x | 1.25x |
Recent filings
More in Motor Vehicle Parts & Accessories
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.