Genuine Parts Company Revenue in 2025

Genuine Parts Company reported $24.3B in revenue for fiscal year 2025. This represents a growth of 3.5% compared to the 2024 figure of $23.5B.

In fiscal year 2025, Genuine Parts Company generated $24.3 billion in net sales across more than 10,800 locations in 17 countries, serving approximately 100,000 customers through 63,000 teammates. Yet the company's GAAP net income collapsed to just $66 million in 2025 — a 92.7% decline from $904 million in 2024 — due to $1.29 billion in non-recurring charges including a $742 million pension settlement, $150.5 million in credit losses from supplier First Brands' bankruptcy, and $103.4 million in asbestos liability remeasurement. Adjusted net income of $1.03 billion tells a different story, but the charges reveal structural legacy liabilities that have accumulated over nearly a century of operation. The Automotive segment (NAPA, Alliance Automotive Group, Repco) generated approximately $15.4 billion in 2025 sales, while Industrial (Motion Industries) generated $8.9 billion. Genuine Parts Company is a global distributor of automotive and industrial replacement parts, generating $24.3 billion in fiscal 2025 revenue across 10,800+ locations in 17 countries. GAAP net income was $66 million in 2025, heavily impacted by $1.29 billion in non-recurring charges; adjusted net income was $1.03 billion. In fiscal 2025, the company reported $24.3 billion in net sales, with the Automotive segment contributing approximately 60% ($15.4 billion) and the Industrial segment contributing approximately 40% ($8.9 billion). The company's gross profit was $8.94 billion in 2025 (36.8% gross margin), up from $8.52 billion in 2024 (36.3%). Adjusted gross profit was $9.10 billion (37.5% margin). Selling, administrative and other expenses were $7.15 billion in 2025, with adjusted SG&A of $7.06 billion. Depreciation and amortization was $538 million. The company incurred $254 million in restructuring costs in 2025 related to global optimization initiatives including voluntary retirement offers, distribution center rationalization, and facility optimization. Non-operating expenses included $163.5 million in net interest expense and $908.5 million in total non-operating charges (including the pension settlement, First Brands credit loss, asbestos liability, and other items). Income before income taxes was $52.2 million, with a tax benefit of $13.8 million. GAAP net income was $65.9 million. Adjusted net income, excluding the non-recurring charges, was $1.03 billion. The company's balance sheet carried $20.8 billion in total assets as of December 31, 2025, including $4.57 billion in merchandise inventories, $3.93 billion in trade accounts receivable, and $5.89 billion in property, plant and equipment. Total liabilities were $16.36 billion, including $10.83 billion in long-term debt. Total equity was $4.44 billion. The company returned approximately $564 million in dividends to shareholders in 2025 and repurchased shares. Free cash flow was $420.9 million, down from $683.9 million in 2024, reflecting higher capital expenditures ($469.8 million vs. $567.3 million in 2024 — actually lower, but operating cash flow declined from $1.25 billion to $890.8 million). The $24.3 billion revenue company — one of only a handful of Dividend Kings with 70 consecutive years of dividend increases — reported GAAP net income of just $66 million in 2025, a 92.7% collapse from $904 million in 2024. The earnings destruction was caused by $1.29 billion in non-recurring charges: a $742 million pension settlement, $150.5 million in credit losses from supplier First Brands' bankruptcy, $103.4 million in asbestos liability remeasurement, and $254 million in restructuring costs. Adjusted net income of $1.03 billion ($7.37 per share) provides a clearer picture of ongoing operations, but even this declined 10% from 2024's $1.14 billion, reflecting margin pressure and macroeconomic headwinds. The Automotive segment (NAPA, Alliance Automotive Group, Repco) generated $15.4 billion in 2025 sales with EBITDA margins around 7-9%; the Industrial segment (Motion Industries) generated $8.9 billion with margins around 12-13%. Free cash flow of $420.9 million was below the $564 million in dividends paid, requiring the company to fund dividends partly through debt or working capital. The company's $24.3 billion in revenue makes it one of the largest distributors globally, but its 3-4% annual revenue growth is slower than pure-play competitors like O'Reilly (which has grown 5-7% annually) or Grainger (which has accelerated growth through digital transformation). 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. 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. 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. GAAP net income fell 92.7% from $904 million in 2024 to $66 million in 2025, driven by $1.29 billion in non-recurring charges: a $742 million pension settlement charge from terminating the U.S. Qualified defined benefit plan, $150.5 million in expected credit losses on volume purchase rebates and other amounts due from First Brands (a key automotive supplier that filed for Chapter 11 bankruptcy), $103.4 million in asbestos-related product liability remeasurement, and $254 million in restructuring costs. In Q4 2025, North America Automotive segment EBITDA margin was 5.5%, down 110 basis points year-over-year, while International Automotive margin was 8.7%, down 100 basis points. Only Industrial showed margin improvement, with EBITDA margin of 13.4%, up 50 basis points. The 2025 free cash flow of $420.9 million was below the approximately $564 million in dividends paid, meaning the company funded dividends partly through debt or working capital changes. This discipline has allowed GPC to integrate dozens of acquisitions over decades, including the $2.0 billion Alliance Automotive Group deal in 2017, without overleveraging or destroying value. Recent acquisitions include the $2.0 billion Alliance Automotive Group (2017), the Exego Group/Repco (2013), and numerous smaller bolt-on acquisitions in both segments. The company expects over $200 million in annualized cost savings when fully implemented. Beyond the separation, GPC's near-term priorities include completing its global restructuring initiative, which is expected to deliver over $200 million in annualized cost savings when fully implemented in 2026. The 2026 guidance assumes revenue growth of 3.0% to 5.5%, adjusted EPS of $7.50 to $8.00, and free cash flow of $550-700 million. During the 1930s, company sales grew from $339,000 to $3.18 million. By the year of its 20th anniversary in 1948, the company had $20 million in sales. In 2013, GPC acquired the Exego Group, an Australian automotive parts distributor operating under the Repco brand, for approximately A$1.1 billion. In 2017, GPC made its largest acquisition: Alliance Automotive Group (AAG), a European vehicle parts distributor with 2,100 company-owned stores and affiliated outlets across France, the UK, Germany, and Poland, for approximately $2.0 billion.