Genuine Parts Company Revenue & Financials

Genuine Parts Company reported $24.3 billion in net sales for fiscal year 2025 (ended December 31, 2025), a 3.5% increase from $23.49 billion in 2024. The sales growth was driven by acquisitions, slight comparable sales growth in all three segments, and foreign currency benefits. Gross profit was $8.94 billion (36.8% margin), up 4.9% from $8.52 billion in 2024 (36.3% margin). Adjusted gross profit was $9.10 billion (37.5% margin), reflecting strategic pricing and sourcing initiatives. Selling, administrative and other expenses were $7.15 billion (29.4% of sales), up from $6.64 billion (28.3% of sales) in 2024. Adjusted SG&A was $7.06 billion (29.0% of sales). Depreciation and amortization increased to $538 million from $408 million in 2024, reflecting acquisition-related amortization and capital investments. The provision for doubtful accounts was $37.0 million. Restructuring and other costs were $254 million in 2025, up from $221 million in 2024, as the company expanded its global restructuring initiative. Total operating expenses were $7.98 billion, resulting in operating income of $960.7 million (3.95% of sales). Non-operating expenses totaled $908.5 million, including $163.5 million in net interest expense and $745.0 million in other charges (pension settlement, First Brands credit loss, asbestos liability, retirement obligations). Income before income taxes was $52.2 million. The company recorded a tax benefit of $13.8 million, reflecting the impact of non-recurring charges. GAAP net income was $65.9 million ($0.47 per diluted share), down 92.7% from $904.1 million ($6.47 per share) in 2024. Adjusted net income, excluding the non-recurring charges, was $1.03 billion ($7.37 per diluted share), down from $1.14 billion ($8.16 per share) in 2024. Segment performance in 2025: North America Automotive sales were $9.52 billion (up 3.3% from $9.21 billion in 2024), with segment EBITDA of $672.2 million (7.1% margin, down from 7.8% in 2024). International Automotive sales were $5.86 billion (up 5.4% from $5.56 billion), with segment EBITDA of $544.2 million (9.3% margin, down from 10.2%). Industrial sales were $8.92 billion (up 2.3% from $8.72 billion), with segment EBITDA of $1.15 billion (12.8% margin, up from 12.6%). Corporate EBITDA was negative $357.2 million. The balance sheet showed total assets of $20.80 billion as of December 31, 2025, including $4.57 billion in merchandise inventories, $3.93 billion in trade accounts receivable, $5.89 billion in net property, plant and equipment, and $1.72 billion in goodwill. Total liabilities were $16.36 billion, including $2.35 billion in current liabilities and $10.83 billion in long-term debt. Total equity was $4.44 billion, including $4.42 billion in parent equity and $17.4 million in noncontrolling interests. Cash and cash equivalents were $289.5 million. The company had $1.25 billion available under its revolving credit facility. Net cash provided by operating activities was $890.8 million in 2025, down from $1.25 billion in 2024. Capital expenditures were $469.8 million, down from $567.3 million. Free cash flow was $420.9 million, compared to $683.9 million in 2024. The company returned approximately $564 million in dividends and repurchased shares during 2025. Total debt to total capital was approximately 71%. The company maintained its investment-grade credit ratings (BBB/Baa2) despite the earnings decline. For 2026, GPC forecasts revenue growth of 3.0% to 5.5%, adjusted EPS of $7.50 to $8.00, and free cash flow of $550 million to $700 million. Capital expenditures are expected to be $450-500 million, reflecting continued investment in supply chain and technology.