XPeng Inc. (XPEV)
XPeng designs, develops, manufactures and markets smart electric and other new energy vehicles in China, aimed at middle-class consumers, and is expanding abroad in the mid- to high-end segment of the passenger vehicle market. The company was founded in 2015 and launched its first models from December 2018. Its principal executive offices are in the Tianhe District of Guangzhou, with a registered office in the Cayman Islands. The figures are stated in renminbi.
XPeng Inc. files a 20-F with the SEC once a year, in renminbi. In the year to 31 December 2025 it reported revenue of CNY 76,720 million ($10.7 billion at the year's average rate), up 87.7% on the year before. Its profit attributable to shareholders was CNY -1,139 million, and diluted earnings per share CNY -0.60.
XPeng (XPEV) in brief
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Loss attributable to shareholders was CNY 1.1 billion and the diluted loss per share CNY 0.60. Revenue was CNY 40.9 billion in 2024, CNY 30.7 billion in 2023, CNY 26.9 billion in 2022 and CNY 21.0 billion in 2021. Profit attributable to shareholders in the same years was a loss of CNY 5.8 billion, a loss of CNY 10.4 billion, a loss of CNY 9.1 billion and a loss of CNY 4.9 billion. Revenue grew 67.4% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of XPeng was $9.7 billion.The share in the US
| Last close | $10.13 on 10 November 2026 |
| 52-week range | $9.03 (30 October 2026) to $28.07 (11 November 2025) |
| Over one year | down 61.1% |
| Market cap | $9.7 billion: 1,909,755,657 shares outstanding at 31 December 2025 (20-F, class A and class B), each US share standing for 2 ordinary shares |
US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.
Ratios
From the latest annual report, the year to Dec 2025, in dollars
At the close of 10 November 2026
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The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of XPeng Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.Read more
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, times the 2 ordinary shares one US share stands for, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on XPEV
| Dividends | no dividend in its filings for fiscal 2018 onward |
| Filings | 35 in twelve months: 33 reports on Form 6-K, most often notice of board meeting (4); grant of restricted share units (4); XPENG Announces Vehicle Delivery Results for October 2026 (1); XPENG Announces Vehicle Delivery Results for September and Third Quarter 2026 (1); 2026 中期報告 interim report (1) |
| Planned insider sales | no Form 144 notice in twelve months |
| Options tape | put/call 0.34 by open interest at the 10 November 2026 close; the straddle prices a 3.0% move to 13 November 2026 |
| 13F holders | 221 funds reported a position for the quarter to 30 June 2026; largest Alibaba Group Holding Ltd |
| Congress | 0 House trades disclosed in six months |
| Short interest | 45.8 million shares short, 7.36 days to cover at 30 October 2026 |
Income statement (profit and loss), 8 fiscal years
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Each column runs from the latest year filed to the year chosen in its heading, at a yearly rate. Sales growth starts at the company's own five-year rate and eases a third of the way each year toward the median of the 43 peers in Automobiles and Trucks (8.2% a year), because a rate far from the rest rarely lasts. Before you open a year, the strip reads today's price backwards: the yearly sales growth that brings EPS, at the company's own margins, tax and share count, to today's price at the median P/E of the 32 peers in Automobiles and Trucks (19.1). Low, middle, high opens three columns for one year: the low and high cases take the company's own weaker and stronger years in the table (the lower and upper quarter of its yearly sales growth and operating margin) and the lower and higher of today's P/E and its peers'; the middle is the boxes as they open. Net income keeps the share that went to minority holders; EPS is net income over the diluted shares, on the same basis as the EPS in the table. The price is that year's EPS at the P/E you set, and the yearly return runs from today's price to the year's end. These are your assumptions and your arithmetic, not an estimate of ours. The link carries your columns, so you can send the forecast to someone.| Year to | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.7 | 2,321 | 5,844 | 20,988 | 26,855 | 30,676 | 40,866 | 76,720 |
| Cost of sales | 12.1 | 2,879 | 5,578 | 18,366 | 23,767 | 30,225 | 35,021 | 62,247 |
| Gross profit | -2.4 | -558 | 266 | 2,623 | 3,088 | 451 | 5,846 | 14,473 |
| Research and development | 1,051 | 2,070 | 1,726 | 4,114 | 5,215 | 5,277 | 6,457 | 9,490 |
| Selling, general and administrative | 643 | 1,165 | 2,921 | 5,305 | 6,688 | 6,559 | 6,871 | 9,398 |
| Operating profit | -1,695 | -3,781 | -4,294 | -6,579 | -8,706 | -10,889 | -6,658 | -2,771 |
| Profit before tax | -1,399 | -3,692 | -2,731 | -4,837 | -9,118 | -10,394 | -5,831 | -1,157 |
| Income tax | 0.0 | 0.0 | 1.2 | 26.0 | 24.7 | 36.8 | -69.8 | 13.6 |
| Profit attributable to shareholders | -1,399 | -3,692 | -2,732 | -4,863 | -9,139 | -10,376 | -5,790 | -1,139 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
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A line the company does not file under the standard tag is left out rather than estimated. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.| Year to | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Diluted EPS | -6.83 | -13.29 | -6.48 | -2.96 | -5.34 | -5.96 | -3.06 | -0.60 |
| Basic EPS | n/a | n/a | -6.48 | -2.96 | -5.34 | -5.96 | -3.06 | -0.60 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
CNY per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.
Revenue by product or service
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|---|---|---|
| Vehicle | 4.2 | 2,171 | 5,547 | 20,042 | 24,840 | 28,011 | 35,829 | 68,379 | 89.1% |
| Services And Others | 5.6 | 150 | 298 | 946 | 2,015 | 2,665 | 5,037 | 8,341 | 10.9% |
CNY billion; hover a block for its figure and share
CNY million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Cash flow statement
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The figure a share at the top is what a discounted cash flow calls intrinsic value, worked out on your assumptions. Everything after year five is one sum: the sixth year's cash, growing at the long-run rate every year after, added up and brought back to today's money. Each year runs from the latest year filed. Sales growth opens where Play it forward does: the company's own five-year rate, easing a third of the way each year toward the median of the 43 peers in Automobiles and Trucks (8.2% a year); change a year and the years after it follow. Operating cash flow, capital expenditure and share-based pay open at the company's own median share of sales over its last five years, shown under each row. Share-based pay is taken off because operating cash flow adds back the shares paid to staff as if they cost nothing; set it to 0 to leave it in. Capital spending counts every capital line the company files in its cash flow, such as equipment it leases to customers, software, wells or property it develops, named under the row, while the Capital expenditure row in the table below stays the one line as filed; buying a business, securities or a finished property is not counted. The discount rate opens at 10%, about what US stocks have returned a year over the long run, so it is the return you give up by holding this company instead of the market; the growth after year five opens at 3%, a little under the US economy's long-run growth in dollars, because no company outgrows it for ever. Net debt is the debt and short-term borrowings less the cash on the latest balance sheet that shows the debt; the figure per share divides what is left by the diluted share count. These are your assumptions and your arithmetic, not an estimate of ours. The link carries them, so you can send them to someone.| Year to | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1,573 | -3,563 | -140 | -1,095 | -8,232 | 956 | -2,012 | 8,259 |
| Purchase of property, plant and equipment | 770 | 1,832 | 806 | 2,300 | 4,276 | 2,096 | 2,226 | 3,156 |
| Free cash flow | -2,343 | -5,394 | -946 | -3,394 | -12,508 | -1,140 | -4,238 | 5,103 |
| Cash from investing | -3,630 | 740 | -4,406 | -33,076 | 4,846 | 631 | -1,255 | -7,334 |
| Cash from financing | 6,734 | 3,594 | 34,330 | 14,627 | 6,004 | 8,015 | 669 | 515 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
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Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.Balance sheet at year end
| Year to | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Funded by | ||||||||
| Equity attributable to shareholders | -2,185 | -6,830 | 34,430 | 42,147 | 36,911 | 36,329 | 31,275 | 30,369 |
| Borrowings, as filed | n/a | 2,170 | 1,818 | 1,675 | 7,794 | 10,904 | 12,132 | 12,709 |
| Other liabilities | n/a | 13,912 | 8,459 | 21,830 | 26,786 | 36,930 | 39,299 | 60,085 |
| Total equity and liabilities | n/a | 9,251 | 44,707 | 65,651 | 71,491 | 84,163 | 82,706 | 103,163 |
| Owned | ||||||||
| Property, plant and equipment | n/a | 3,230 | 3,082 | 5,425 | 10,607 | 10,954 | 11,522 | 13,527 |
| Goodwill | n/a | n/a | n/a | n/a | n/a | 34.1 | 34.1 | 34.1 |
| Other intangible assets | n/a | 118 | 608 | 879 | 1,043 | 4,949 | 4,610 | 4,253 |
| Cash and cash equivalents | 1,632 | 1,947 | 29,209 | 11,025 | 14,608 | 21,127 | 18,586 | 17,330 |
| Trade and other receivables | n/a | 539 | 1,129 | 2,673 | 3,873 | 2,716 | 2,450 | 1,997 |
| Inventories | n/a | 454 | 1,343 | 2,662 | 4,521 | 5,526 | 5,563 | 10,381 |
| Other assets | n/a | 2,963 | 9,336 | 42,987 | 36,839 | 38,855 | 39,941 | 55,641 |
| Total assets | n/a | 9,251 | 44,707 | 65,651 | 71,491 | 84,163 | 82,706 | 103,163 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
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Both totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.Ratios on the filed lines
| Year to | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -24.3% | -24.0% | 4.6% | 12.5% | 11.5% | 1.5% | 14.3% | 18.9% |
| Operating margin | -17459.7% | -162.9% | -73.5% | -31.3% | -32.4% | -35.5% | -16.3% | -3.6% |
| Net margin | -14411.9% | -159.0% | -46.7% | -23.2% | -34.0% | -33.8% | -14.2% | -1.5% |
| Free cash flow margin | -24140.3% | -232.4% | -16.2% | -16.2% | -46.6% | -3.7% | -10.4% | 6.7% |
| Return on year-end equity | n/a | n/a | -7.9% | -11.5% | -24.8% | -28.6% | -18.5% | -3.8% |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.
Questions
What was XPeng's revenue in 2025?
XPeng (XPEV) reported revenue of CNY 76.7 billion for the year to 31 December 2025, up 87.7% on the year before.
How much did XPeng earn in 2025?
Loss attributable to shareholders was CNY 1.1 billion for the year to 31 December 2025, and the diluted loss per share CNY 0.60.
What is XPeng's market cap?
The market cap of XPeng was $9.7 billion at the close of 10 November 2026.
The exchange rates used
| Year to | Average over the year CNY per US dollar | At the year end CNY per US dollar |
|---|---|---|
| Dec 2018 | 6.60 | 6.88 |
| Dec 2019 | 6.90 | 6.96 |
| Dec 2020 | 6.90 | 6.53 |
| Dec 2021 | 6.45 | 6.37 |
| Dec 2022 | 6.72 | 6.90 |
| Dec 2023 | 7.08 | 7.10 |
| Dec 2024 | 7.20 | 7.30 |
| Dec 2025 | 7.19 | 6.99 |
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Profit and loss, cash flow and EPS use the average of the daily rates over each fiscal year; the balance sheet uses the rate on the year end, or the last one before it. Ratios are the same in either currency. The filed figures are the ones in renminbi.Peers: Automobiles and Trucks
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| Tesla, Inc. TSLA | $1.50 trillion | 417.29 | 3.6% | 3.3% | 8.3% | 0.11 | n/a |
| Toyota Motor Corp. TM * | $254.4 billion | 11.51 | 9.6% | 7.4% | 5.5% | 1.08 | 3.2% |
| General Motors Co. GM | $75.3 billion | 20.34 | 6.3% | 2.3% | -0.3% | 2.05 | 0.6% |
| Ferrari N.V. RACE * | $73.7 billion | 41.60 | 40.9% | 29.5% | 7.0% | 0.74 | 0.8% |
| Paccar Inc. PCAR | $55.6 billion | 20.11 | 13.2% | n/a | -1.5% | 0.71 | 2.6% |
| Ford Motor Co. F | $50.1 billion | n/a | -21.1% | -3.8% | -1.4% | 4.42 | 4.9% |
| Honda Motor Co. Ltd. HMC * | $45.3 billion | n/a | -3.6% | -1.9% | 0.5% | 1.14 | 4.2% |
| Rivian Automotive, Inc. RIVN | $20.0 billion | n/a | -52.0% | -52.9% | 11.1% | 0.78 | n/a |
| Li Auto Inc. LI * | $12.7 billion | 77.21 | 1.5% | -0.5% | -22.3% | 0.13 | n/a |
| Stellantis N.V. STLA * | $12.3 billion | n/a | -41.8% | -17.1% | -2.1% | 0.86 | 18.0% |
| XPeng Inc. XPEV * | $9.7 billion | n/a | -3.8% | -3.6% | 87.7% | 0.42 | n/a |
| Oshkosh Corp. OSK | $8.6 billion | 17.68 | 11.0% | 6.8% | 4.2% | 0.24 | 1.6% |
All 51 in Automobiles and Trucks
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| Tesla, Inc. TSLA | $1.50 trillion | 417.29 | 3.6% | 3.3% | 8.3% | 0.11 | n/a |
| Toyota Motor Corp. TM * | $254.4 billion | 11.51 | 9.6% | 7.4% | 5.5% | 1.08 | 3.2% |
| General Motors Co. GM | $75.3 billion | 20.34 | 6.3% | 2.3% | -0.3% | 2.05 | 0.6% |
| Ferrari N.V. RACE * | $73.7 billion | 41.60 | 40.9% | 29.5% | 7.0% | 0.74 | 0.8% |
| Paccar Inc. PCAR | $55.6 billion | 20.11 | 13.2% | n/a | -1.5% | 0.71 | 2.6% |
| Ford Motor Co. F | $50.1 billion | n/a | -21.1% | -3.8% | -1.4% | 4.42 | 4.9% |
| Honda Motor Co. Ltd. HMC * | $45.3 billion | n/a | -3.6% | -1.9% | 0.5% | 1.14 | 4.2% |
| Rivian Automotive, Inc. RIVN | $20.0 billion | n/a | -52.0% | -52.9% | 11.1% | 0.78 | n/a |
| Li Auto Inc. LI * | $12.7 billion | 77.21 | 1.5% | -0.5% | -22.3% | 0.13 | n/a |
| Stellantis N.V. STLA * | $12.3 billion | n/a | -41.8% | -17.1% | -2.1% | 0.86 | 18.0% |
| Allison Transmission Holdings Inc. ALSN | $10.3 billion | 18.04 | 28.0% | 18.3% | 70.8% | 1.92 | 0.9% |
| Borgwarner Inc. BWA | $10.1 billion | 21.47 | 8.4% | 5.4% | 0.4% | 0.53 | 1.3% |
| XPeng Inc. XPEV * | $9.7 billion | n/a | -3.8% | -3.6% | 87.7% | 0.42 | n/a |
| Autoliv Inc. ALV | $8.7 billion | 14.50 | 25.3% | 9.1% | 4.3% | 0.79 | 2.9% |
| Oshkosh Corp. OSK | $8.6 billion | 17.68 | 11.0% | 6.8% | 4.2% | 0.24 | 1.6% |
| NIO Inc. NIO * | $8.2 billion | n/a | -374.3% | -16.0% | 33.1% | 3.36 | n/a |
| Aptiv plc APTV | $8.1 billion | 10.90 | 8.8% | 8.7% | -17.1% | 0.61 | n/a |
| Federal Signal Corp. FSS | $7.0 billion | 23.88 | 18.8% | 16.2% | 24.0% | 0.27 | 0.5% |
| Terex Corp. TEX | $6.4 billion | 28.82 | 4.0% | 5.7% | 40.1% | 0.52 | 1.2% |
| Modine Manufacturing Co. MOD | $5.5 billion | 43.02 | 10.5% | 10.1% | 35.1% | 0.59 | n/a |
| Lear Corp. LEA | $5.3 billion | 9.57 | 11.7% | 3.7% | 3.5% | 0.55 | 2.8% |
| Atmus Filtration Technologies Inc. ATMU | $4.5 billion | 20.56 | 43.8% | 17.1% | 13.8% | 1.88 | 0.4% |
| Thor Industries Inc. THO | $4.1 billion | 23.46 | 4.2% | n/a | 0.3% | 0.22 | 2.6% |
| Dorman Products, Inc. DORM | $4.0 billion | 20.23 | 12.9% | 13.3% | 2.2% | 0.28 | n/a |
| Gentex Corp. GNTX | $4.0 billion | 10.44 | 16.0% | 19.1% | 7.7% | 0.00 | 2.5% |
| Garrett Motion Inc. GTX | $3.8 billion | 10.62 | n/a | n/a | 6.9% | n/a | 1.5% |
| Polaris Inc. PII | $3.8 billion | n/a | -24.4% | -1.8% | 9.5% | 1.93 | 4.1% |
| Versigent plc VGNT | $3.0 billion | n/a | n/a | n/a | n/a | 13.79 | n/a |
| Patrick Industries Inc. PATK | $2.6 billion | 20.70 | 11.6% | 6.3% | 1.7% | 1.21 | n/a |
| Phinia Inc. PHIN | $2.6 billion | 14.34 | 12.4% | 8.3% | 5.6% | 0.72 | 1.6% |
| Dana Inc. DAN | $2.4 billion | 2.50 | 61.0% | 3.2% | 5.1% | 0.92 | 1.9% |
| LCI Industries LCII | $2.4 billion | 12.09 | 13.6% | 7.6% | -0.2% | 0.58 | 4.7% |
| Visteon Corp. VC | $2.0 billion | 13.87 | 11.3% | n/a | 1.9% | 0.23 | 0.5% |
| Blue Bird Corp. BLBD | $1.8 billion | 6.97 | 43.0% | 11.8% | 13.5% | 0.13 | n/a |
| Lucid Group, Inc. LCID | $1.5 billion | n/a | n/a | -255.9% | 46.5% | n/a | n/a |
| Adient plc ADNT | $1.2 billion | 26.88 | 2.8% | n/a | 5.0% | 1.38 | n/a |
| Goodyear Tire & Rubber Co. GT | $1.2 billion | n/a | -22.2% | n/a | -3.9% | 2.80 | 0.0% |
| Dauch Corp. DCH | $1.1 billion | n/a | -14.6% | 1.1% | 65.0% | 3.32 | n/a |
| Standard Motor Products, Inc. SMP | $998 million | 14.65 | 9.6% | 8.5% | 5.5% | 0.67 | 2.9% |
| Gentherm Inc. THRM | $916 million | 99.40 | 1.3% | 3.4% | 8.8% | 0.44 | n/a |
| Winnebago Industries Inc. WGO | $887 million | 25.77 | 2.8% | 2.4% | -3.4% | 0.36 | 4.5% |
| Aeva Technologies, Inc. AEVA | $856 million | n/a | -313.2% | -558.6% | 62.9% | 2.24 | n/a |
| Miller Industries Inc. MLR | $542 million | 31.97 | 4.1% | n/a | -4.2% | 0.01 | 1.7% |
| Hyliion Holdings Corp. HYLN | $538 million | n/a | -31.2% | -350.5% | 273.1% | 0.00 | n/a |
| Hyster-Yale, Inc. HY | $503 million | n/a | -34.9% | -2.8% | -14.2% | 1.31 | 5.2% |
| Wabash National Corp. WNC | $471 million | n/a | -51.2% | -10.4% | -7.3% | 2.03 | 2.8% |
| Cooper-Standard Holdings Inc. CPS | $351 million | n/a | n/a | 1.7% | 2.2% | n/a | n/a |
| Holley Inc. HLLY | $315 million | 17.40 | 4.1% | 9.7% | 3.0% | 1.09 | n/a |
| Strattec Security Corp. STRT | $246 million | 14.84 | 7.1% | 3.9% | -0.7% | 0.00 | n/a |
| Motorcar Parts of America Inc. MPAA | $141 million | n/a | -0.2% | 6.0% | -9.1% | 0.65 | n/a |
| Commercial Vehicle Group, Inc. CVGI | $121 million | n/a | -7.4% | 3.0% | 11.0% | 0.68 | n/a |