Genuine Parts (GPC) FY2024 results: revenue $23.5 billion, up 1.7% on the year
Genuine Parts Co. (GPC) reported revenue of $23.5 billion for fiscal 2024, the year ended 31 December 2024, up 1.7% on the year before. Net income was $904 million, down 31.3%, and diluted earnings per share $6.47. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$23.5 billion
+1.7% on the year
FY2017FY2024
Operating margin
5.2%
7.6% a year earlier
FY2017FY2024
Net income
$904 million
-31.3% on the year
FY2017FY2024
Diluted EPS
$6.47
-30.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,251
1,436
1,467
-12.8%
Capital expenditure
567
513
340
+10.7%
Free cash flow
684
923
1,127
-25.9%
Free cash flow margin
2.9%
4.0%
5.1%
Cash from investing
-1,508
-706
-1,684
Cash from financing
-334
-292
205
Depreciation and amortisation
408
351
348
+16.4%
Share-based compensation
40.7
57.2
38.1
-28.9%
Buybacks
150
261
223
-42.6%
Dividends paid
555
527
496
+5.4%
Dividend per share
$4.00
$3.80
$3.58
+5.3%
Diluted shares, weighted
140m
141m
142m
-1.0%
Shares outstanding at period end
139m
140m
141m
-0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,337
4,401
3,790
-1.4%
Non-controlling interest
14.4
15.9
14.1
-9.4%
Short-term borrowings
41.7
n/a
n/a
Debt
4,284
3,906
3,329
+9.7%
Operating lease liabilities
1,458
980
836
+48.8%
Other liabilities
9,146
8,665
8,526
+5.6%
Total liabilities and equity
19,283
17,968
16,495
+7.3%
Fixed assets
1,951
1,617
1,326
+20.7%
Goodwill
2,897
2,735
2,588
+5.9%
Intangible assets
1,799
1,793
1,813
+0.3%
Cash and equivalents
480
1,102
653
-56.4%
Inventory
5,514
4,677
4,442
+17.9%
Other assets
6,641
6,045
5,674
+9.9%
Total assets
19,283
17,968
16,495
+7.3%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.