# Auto Parts — company-by-company sector analysis > Auto Parts: Magna International Inc. owns the largest revenue base; Modine Manufacturing Company has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice. ## Bottom line Auto Parts has outperformed S&P 500 by 5.8% over 52 weeks and 0.9% over 13 weeks. 11 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 28 beat the sector itself. Magna International Inc. leads with revenue of $42,322 million, based on 20 of 29 comparable companies through Mar 2026. ### Is the Auto Parts sector outperforming S&P 500? Auto Parts has outperformed S&P 500 by 5.8% over 52 weeks and 0.9% over 13 weeks. 11 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 28 beat the sector itself. ### Which Auto Parts company is largest by revenue? Magna International Inc. leads with revenue of $42,322 million, based on 20 of 29 comparable companies through Mar 2026. ### Which Auto Parts company is growing fastest? Modine Manufacturing Company has the fastest current revenue growth at 23.1%, across 18 of 29 comparable companies. ### Which Auto Parts company has the strongest 4-Factor Sector Score? Garrett Motion Inc. ranks first at 73.4/100 with 76.3% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Auto Parts company reports the most CAPEX? AutoZone, Inc. reports the largest latest CAPEX at $346 million, with 29 of 29 companies comparable. ### Which Auto Parts company has the least gross debt? Gentex Corporation has the lowest comparable gross debt at $0 million. AutoZone, Inc. has the highest at $12,631 million. ### Which Auto Parts company has the lowest comparable PEG? Garrett Motion Inc. has the lowest comparable Guarded PEG at 0.33, among 13 of 29 companies that pass the metric’s comparability rules. ### How much history does this Auto Parts comparison include? The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ## Sector relative strength Auto Parts has outperformed S&P 500 by 5.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.9%. 11 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Garrett Motion Inc. is the strongest against the sector itself at +33.4%. 13-week sector return versus NIFTY 500: -0.9% 52-week sector return versus NIFTY 500: 5.8% Stocks leading NIFTY: 11/28 Stocks leading sector: 11/28 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 29 Combined market value: ₹2.9 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Garrett Motion Inc. (GTX): 73/100 — Favorable setup; evidence 76% - Growth & earnings 25.8/35 | Capital efficiency 16.8/25 | Valuation 16.3/20 | Relative strength 14.5/20 - Exact sum: 25.8 + 16.8 + 16.3 + 14.5 = 73.4 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. 2. Douglas Dynamics, Inc. (PLOW): 61/100 — Mixed-positive evidence; evidence 69% - Growth & earnings 24.0/35 | Capital efficiency 9.2/25 | Valuation 12.7/20 | Relative strength 14.6/20 - Exact sum: 24 + 9.2 + 12.7 + 14.6 = 60.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 3. PHINIA Inc. (PHIN): 60/100 — Mixed-positive evidence; evidence 72% - Growth & earnings 21.9/35 | Capital efficiency 11.6/25 | Valuation 9.9/20 | Relative strength 16.9/20 - Exact sum: 21.9 + 11.6 + 9.9 + 16.9 = 60.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. BorgWarner Inc. (BWA): 59/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 21.9/35 | Capital efficiency 12.6/25 | Valuation 10.6/20 | Relative strength 14.2/20 - Exact sum: 21.9 + 12.6 + 10.6 + 14.2 = 59.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 5. Lear Corporation (LEA): 58/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 18.1/35 | Capital efficiency 11.7/25 | Valuation 11.1/20 | Relative strength 17.5/20 - Exact sum: 18.1 + 11.7 + 11.1 + 17.5 = 58.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 6. Magna International Inc. (MGA): 58/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 14.4/35 | Capital efficiency 10.6/25 | Valuation 14.3/20 | Relative strength 18.3/20 - Exact sum: 14.4 + 10.6 + 14.3 + 18.3 = 57.6 - Decision use: Price leads the evidence: RS versus the benchmark is 18.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 7. Gentex Corporation (GNTX): 55/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 18.5/35 | Capital efficiency 17.6/25 | Valuation 10.8/20 | Relative strength 8.4/20 - Exact sum: 18.5 + 17.6 + 10.8 + 8.4 = 55.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 8. XPEL, Inc. (XPEL): 53/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 20.6/35 | Capital efficiency 16.0/25 | Valuation 8.2/20 | Relative strength 8.5/20 - Exact sum: 20.6 + 16 + 8.2 + 8.5 = 53.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 9. Advance Auto Parts, Inc. (AAP): 51/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 23.1/35 | Capital efficiency 5.8/25 | Valuation 8.7/20 | Relative strength 13.0/20 - Exact sum: 23.1 + 5.8 + 8.7 + 13 = 50.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 10. Autoliv, Inc. (ALV): 50/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 14.5/35 | Capital efficiency 12.9/25 | Valuation 10.7/20 | Relative strength 12.2/20 - Exact sum: 14.5 + 12.9 + 10.7 + 12.2 = 50.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 11. Gentherm Incorporated (THRM): 50/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 12.6/35 | Capital efficiency 9.1/25 | Valuation 9.0/20 | Relative strength 19.3/20 - Exact sum: 12.6 + 9.1 + 9 + 19.3 = 50 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 12. Allison Transmission Holdings, Inc. (ALSN): 49/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 11.4/35 | Capital efficiency 11.7/25 | Valuation 14.3/20 | Relative strength 11.3/20 - Exact sum: 11.4 + 11.7 + 14.3 + 11.3 = 48.7 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 13. Genuine Parts Company (GPC): 48/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 16.8/35 | Capital efficiency 9.8/25 | Valuation 8.5/20 | Relative strength 13.3/20 - Exact sum: 16.8 + 9.8 + 8.5 + 13.3 = 48.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 14. Dorman Products, Inc. (DORM): 48/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 11.2/35 | Capital efficiency 14.2/25 | Valuation 7.7/20 | Relative strength 14.6/20 - Exact sum: 11.2 + 14.2 + 7.7 + 14.6 = 47.7 - Decision use: Price leads the evidence: RS versus the benchmark is 1.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 15. Atmus Filtration Technologies Inc. (ATMU): 46/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 19.8/35 | Capital efficiency 12.4/25 | Valuation 10.2/20 | Relative strength 3.9/20 - Exact sum: 19.8 + 12.4 + 10.2 + 3.9 = 46.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 16. Adient plc (ADNT): 46/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 22.1/35 | Capital efficiency 8.2/25 | Valuation 9.3/20 | Relative strength 6.7/20 - Exact sum: 22.1 + 8.2 + 9.3 + 6.7 = 46.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 17. O'Reilly Automotive, Inc. (ORLY): 46/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 20.0/35 | Capital efficiency 13.8/25 | Valuation 6.5/20 | Relative strength 5.4/20 - Exact sum: 20 + 13.8 + 6.5 + 5.4 = 45.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 18. Visteon Corporation (VC): 45/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 13.7/35 | Capital efficiency 13.7/25 | Valuation 11.0/20 | Relative strength 6.6/20 - Exact sum: 13.7 + 13.7 + 11 + 6.6 = 45 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 19. Dana Incorporated (DAN): 42/100 — Mixed-negative evidence; evidence 65% - Growth & earnings 18.6/35 | Capital efficiency 8.1/25 | Valuation 11.5/20 | Relative strength 4.2/20 - Exact sum: 18.6 + 8.1 + 11.5 + 4.2 = 42.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. LKQ Corporation (LKQ): 41/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 11.9/35 | Capital efficiency 10.4/25 | Valuation 12.6/20 | Relative strength 5.8/20 - Exact sum: 11.9 + 10.4 + 12.6 + 5.8 = 40.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 21. Aptiv PLC (APTV): 41/100 — Mixed-negative evidence; evidence 75% - Growth & earnings 13.8/35 | Capital efficiency 9.3/25 | Valuation 13.2/20 | Relative strength 4.4/20 - Exact sum: 13.8 + 9.3 + 13.2 + 4.4 = 40.7 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 22. Modine Manufacturing Company (MOD): 40/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 19.0/35 | Capital efficiency 15.0/25 | Valuation 3.6/20 | Relative strength 2.0/20 - Exact sum: 19 + 15 + 3.6 + 2 = 39.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 23. AutoZone, Inc. (AZO): 39/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 14.6/35 | Capital efficiency 15.9/25 | Valuation 6.0/20 | Relative strength 2.5/20 - Exact sum: 14.6 + 15.9 + 6 + 2.5 = 39 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 24. Mobileye Global Inc. (MBLY): 38/100 — Thin evidence · provisional; evidence 56% - Growth & earnings 13.7/35 | Capital efficiency 9.1/25 | Valuation 10.0/20 | Relative strength 5.5/20 - Exact sum: 13.7 + 9.1 + 10 + 5.5 = 38.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 25. The Goodyear Tire & Rubber Company (GT): 30/100 — Adverse evidence; evidence 72% - Growth & earnings 6.7/35 | Capital efficiency 3.6/25 | Valuation 11.4/20 | Relative strength 7.9/20 - Exact sum: 6.7 + 3.6 + 11.4 + 7.9 = 29.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 26. Dauch Corporation (DCH): 29/100 — Adverse evidence; evidence 66% - Growth & earnings 9.9/35 | Capital efficiency 4.0/25 | Valuation 10.2/20 | Relative strength 4.7/20 - Exact sum: 9.9 + 4 + 10.2 + 4.7 = 28.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 27. Versigent PLC (VGNT): 51/100 — Thin evidence · provisional; evidence 28% - Growth & earnings 18.2/35 | Capital efficiency 11.8/25 | Valuation 10.9/20 | Relative strength 10.0/20 - Exact sum: 18.2 + 11.8 + 10.9 + 10 = 50.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 28. Aurora Innovation, Inc. (AUR): 49/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 13.8/35 | Capital efficiency 9.3/25 | Valuation 10.0/20 | Relative strength 15.4/20 - Exact sum: 13.8 + 9.3 + 10 + 15.4 = 48.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 29. QuantumScape Corporation (QS): 37/100 — Thin evidence · provisional; evidence 49% - Growth & earnings 17.6/35 | Capital efficiency 9.4/25 | Valuation 10.0/20 | Relative strength 0.3/20 - Exact sum: 17.6 + 9.4 + 10 + 0.3 = 37.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Revenue Scale & Growth Durability What the numbers say: Magna International Inc. is the scale leader at $42,322 million, 104.9% ahead of Aptiv PLC. Modine Manufacturing Company's growth is 23.1% from a $3,181 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Magna International Inc. is the scale benchmark; Modine Manufacturing Company is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Magna International Inc.'s growth falls below Modine Manufacturing Company's for two consecutive comparable reports while operating margin also compresses. Evidence: Magna International Inc. · $42,322 million | 104.9% versus #2 · Aptiv PLC | 4/8 recent comparable periods | 20/29 companies · 495 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Magna International Inc. (MGA): ₹42.3K Cr 2. Aptiv PLC (APTV): ₹20.7K Cr 3. AutoZone, Inc. (AZO): ₹20.0K Cr 4. O'Reilly Automotive, Inc. (ORLY): ₹18.2K Cr 5. The Goodyear Tire & Rubber Company (GT): ₹17.9K Cr ### Revenue growth — fastest growers 1. Modine Manufacturing Company (MOD): 23% 2. Douglas Dynamics, Inc. (PLOW): 16% 3. Dauch Corporation (DCH): 15% 4. Allison Transmission Holdings, Inc. (ALSN): 14% 5. XPEL, Inc. (XPEL): 12% ### 20-quarter Revenue history - ORLY: Sep 2021 ₹3.5K Cr | Dec 2021 ₹3.3K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹3.7K Cr | Sep 2022 ₹3.8K Cr | Dec 2022 ₹3.6K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹4.1K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹4.0K Cr | Jun 2024 ₹4.3K Cr | Sep 2024 ₹4.4K Cr | Dec 2024 ₹4.1K Cr | Mar 2025 ₹4.1K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹4.7K Cr | Dec 2025 ₹4.4K Cr | Mar 2026 ₹4.6K Cr | Jun 2026 — - AZO: Sep 2021 ₹4.9K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹3.9K Cr | Sep 2022 ₹5.3K Cr | Dec 2022 ₹4.0K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹4.1K Cr | Sep 2023 ₹5.7K Cr | Dec 2023 ₹4.2K Cr | Mar 2024 ₹3.9K Cr | Jun 2024 ₹4.2K Cr | Sep 2024 ₹6.2K Cr | Dec 2024 ₹4.3K Cr | Mar 2025 ₹4.0K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹6.2K Cr | Dec 2025 ₹4.6K Cr | Mar 2026 ₹4.3K Cr | Jun 2026 ₹4.8K Cr - MGA: Sep 2021 ₹7.9K Cr | Dec 2021 ₹9.1K Cr | Mar 2022 ₹9.6K Cr | Jun 2022 ₹9.4K Cr | Sep 2022 ₹9.3K Cr | Dec 2022 ₹9.6K Cr | Mar 2023 ₹10.7K Cr | Jun 2023 ₹11.0K Cr | Sep 2023 ₹10.7K Cr | Dec 2023 ₹10.5K Cr | Mar 2024 ₹11.0K Cr | Jun 2024 ₹11.0K Cr | Sep 2024 ₹10.3K Cr | Dec 2024 ₹10.6K Cr | Mar 2025 ₹10.1K Cr | Jun 2025 ₹10.6K Cr | Sep 2025 ₹10.5K Cr | Dec 2025 ₹10.8K Cr | Mar 2026 ₹10.4K Cr | Jun 2026 — - GPC: Sep 2021 ₹4.8K Cr | Dec 2021 ₹4.8K Cr | Mar 2022 ₹5.3K Cr | Jun 2022 ₹5.6K Cr | Sep 2022 ₹5.7K Cr | Dec 2022 ₹5.5K Cr | Mar 2023 ₹5.8K Cr | Jun 2023 ₹5.9K Cr | Sep 2023 ₹5.8K Cr | Dec 2023 ₹5.6K Cr | Mar 2024 ₹5.8K Cr | Jun 2024 ₹6.0K Cr | Sep 2024 ₹6.0K Cr | Dec 2024 ₹5.8K Cr | Mar 2025 ₹5.9K Cr | Jun 2025 ₹6.2K Cr | Sep 2025 ₹6.3K Cr | Dec 2025 ₹6.0K Cr | Mar 2026 ₹6.3K Cr | Jun 2026 — - BWA: Sep 2021 ₹3.4K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.9K Cr | Jun 2022 ₹3.8K Cr | Sep 2022 ₹3.2K Cr | Dec 2022 ₹3.3K Cr | Mar 2023 ₹3.4K Cr | Jun 2023 ₹3.7K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹3.5K Cr | Mar 2024 ₹3.6K Cr | Jun 2024 ₹3.6K Cr | Sep 2024 ₹3.4K Cr | Dec 2024 ₹3.4K Cr | Mar 2025 ₹3.5K Cr | Jun 2025 ₹3.6K Cr | Sep 2025 ₹3.6K Cr | Dec 2025 ₹3.6K Cr | Mar 2026 ₹3.5K Cr | Jun 2026 — - APTV: Sep 2021 ₹3.7K Cr | Dec 2021 ₹4.1K Cr | Mar 2022 ₹4.2K Cr | Jun 2022 ₹4.1K Cr | Sep 2022 ₹4.6K Cr | Dec 2022 ₹4.6K Cr | Mar 2023 ₹4.8K Cr | Jun 2023 ₹5.2K Cr | Sep 2023 ₹5.1K Cr | Dec 2023 ₹4.9K Cr | Mar 2024 ₹4.9K Cr | Jun 2024 ₹5.1K Cr | Sep 2024 ₹4.9K Cr | Dec 2024 ₹4.9K Cr | Mar 2025 ₹4.8K Cr | Jun 2025 ₹5.2K Cr | Sep 2025 ₹5.2K Cr | Dec 2025 ₹5.2K Cr | Mar 2026 ₹5.1K Cr | Jun 2026 — - AUR: Sep 2021 ₹56 Cr | Dec 2021 ₹26 Cr | Mar 2022 ₹42 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹2 Cr | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - ALSN: Sep 2021 ₹567 Cr | Dec 2021 ₹644 Cr | Mar 2022 ₹677 Cr | Jun 2022 ₹664 Cr | Sep 2022 ₹710 Cr | Dec 2022 ₹718 Cr | Mar 2023 ₹741 Cr | Jun 2023 ₹783 Cr | Sep 2023 ₹736 Cr | Dec 2023 ₹775 Cr | Mar 2024 ₹789 Cr | Jun 2024 ₹816 Cr | Sep 2024 ₹824 Cr | Dec 2024 ₹796 Cr | Mar 2025 ₹766 Cr | Jun 2025 ₹814 Cr | Sep 2025 ₹693 Cr | Dec 2025 ₹737 Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - MOD: Sep 2021 ₹479 Cr | Dec 2021 ₹502 Cr | Mar 2022 ₹574 Cr | Jun 2022 ₹541 Cr | Sep 2022 ₹579 Cr | Dec 2022 ₹560 Cr | Mar 2023 ₹618 Cr | Jun 2023 ₹622 Cr | Sep 2023 ₹621 Cr | Dec 2023 ₹561 Cr | Mar 2024 ₹604 Cr | Jun 2024 ₹662 Cr | Sep 2024 ₹658 Cr | Dec 2024 ₹617 Cr | Mar 2025 ₹647 Cr | Jun 2025 ₹683 Cr | Sep 2025 ₹739 Cr | Dec 2025 ₹805 Cr | Mar 2026 ₹954 Cr | Jun 2026 — - ALV: Sep 2021 ₹1.8K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹2.1K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.6K Cr | Sep 2023 ₹2.6K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹2.6K Cr | Jun 2024 ₹2.6K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.8K Cr | Mar 2026 ₹2.8K Cr | Jun 2026 — - LEA: Sep 2021 ₹4.8K Cr | Dec 2021 ₹4.3K Cr | Mar 2022 — | Jun 2022 ₹5.2K Cr | Sep 2022 ₹5.1K Cr | Dec 2022 ₹5.2K Cr | Mar 2023 — | Jun 2023 ₹5.8K Cr | Sep 2023 ₹6.0K Cr | Dec 2023 ₹5.8K Cr | Mar 2024 ₹6.0K Cr | Jun 2024 ₹6.0K Cr | Sep 2024 ₹5.6K Cr | Dec 2024 ₹5.7K Cr | Mar 2025 ₹5.6K Cr | Jun 2025 ₹6.0K Cr | Sep 2025 ₹5.7K Cr | Dec 2025 ₹6.0K Cr | Mar 2026 — | Jun 2026 ₹5.8K Cr - MBLY: Sep 2021 ₹326 Cr | Dec 2021 ₹356 Cr | Mar 2022 — | Jun 2022 ₹394 Cr | Sep 2022 ₹460 Cr | Dec 2022 ₹450 Cr | Mar 2023 — | Jun 2023 ₹458 Cr | Sep 2023 ₹454 Cr | Dec 2023 — | Mar 2024 ₹239 Cr | Jun 2024 ₹439 Cr | Sep 2024 ₹486 Cr | Dec 2024 ₹490 Cr | Mar 2025 ₹438 Cr | Jun 2025 ₹506 Cr | Sep 2025 ₹504 Cr | Dec 2025 ₹446 Cr | Mar 2026 ₹558 Cr | Jun 2026 — - LKQ: Sep 2021 ₹3.3K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹3.3K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.0K Cr | Mar 2023 ₹3.3K Cr | Jun 2023 ₹3.4K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹3.5K Cr | Mar 2024 ₹3.7K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹3.5K Cr | Dec 2024 ₹3.2K Cr | Mar 2025 ₹3.3K Cr | Jun 2025 ₹3.6K Cr | Sep 2025 ₹3.5K Cr | Dec 2025 ₹3.3K Cr | Mar 2026 ₹3.5K Cr | Jun 2026 — - GTX: Sep 2021 ₹839 Cr | Dec 2021 ₹862 Cr | Mar 2022 ₹901 Cr | Jun 2022 ₹859 Cr | Sep 2022 ₹945 Cr | Dec 2022 ₹898 Cr | Mar 2023 ₹970 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹960 Cr | Dec 2023 ₹945 Cr | Mar 2024 ₹915 Cr | Jun 2024 ₹890 Cr | Sep 2024 ₹826 Cr | Dec 2024 ₹844 Cr | Mar 2025 ₹878 Cr | Jun 2025 ₹913 Cr | Sep 2025 ₹902 Cr | Dec 2025 ₹891 Cr | Mar 2026 ₹985 Cr | Jun 2026 — - GNTX: Sep 2021 ₹400 Cr | Dec 2021 ₹420 Cr | Mar 2022 ₹468 Cr | Jun 2022 ₹463 Cr | Sep 2022 ₹494 Cr | Dec 2022 ₹494 Cr | Mar 2023 ₹551 Cr | Jun 2023 ₹583 Cr | Sep 2023 ₹576 Cr | Dec 2023 ₹589 Cr | Mar 2024 ₹590 Cr | Jun 2024 ₹573 Cr | Sep 2024 ₹609 Cr | Dec 2024 ₹542 Cr | Mar 2025 ₹577 Cr | Jun 2025 ₹658 Cr | Sep 2025 ₹655 Cr | Dec 2025 ₹644 Cr | Mar 2026 ₹675 Cr | Jun 2026 — - DORM: Sep 2021 ₹348 Cr | Dec 2021 ₹398 Cr | Mar 2022 ₹402 Cr | Jun 2022 ₹417 Cr | Sep 2022 ₹413 Cr | Dec 2022 ₹501 Cr | Mar 2023 — | Jun 2023 ₹467 Cr | Sep 2023 ₹481 Cr | Dec 2023 ₹494 Cr | Mar 2024 ₹469 Cr | Jun 2024 ₹503 Cr | Sep 2024 ₹504 Cr | Dec 2024 ₹534 Cr | Mar 2025 ₹508 Cr | Jun 2025 ₹541 Cr | Sep 2025 ₹544 Cr | Dec 2025 ₹538 Cr | Mar 2026 ₹529 Cr | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 ₹383 Cr | Jun 2022 ₹393 Cr | Sep 2022 ₹401 Cr | Dec 2022 ₹385 Cr | Mar 2023 ₹419 Cr | Jun 2023 ₹414 Cr | Sep 2023 ₹396 Cr | Dec 2023 ₹400 Cr | Mar 2024 ₹427 Cr | Jun 2024 ₹433 Cr | Sep 2024 ₹404 Cr | Dec 2024 ₹407 Cr | Mar 2025 ₹417 Cr | Jun 2025 ₹454 Cr | Sep 2025 ₹448 Cr | Dec 2025 ₹447 Cr | Mar 2026 ₹478 Cr | Jun 2026 — - AAP: Sep 2021 ₹2.6K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.4K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 — | Jun 2023 ₹3.4K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹2.2K Cr | Mar 2024 — | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.2K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 — | Jun 2025 ₹2.6K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹2.0K Cr | Jun 2026 ₹2.6K Cr - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹2.0K Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹2.2K Cr | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹842 Cr | Jun 2022 ₹796 Cr | Sep 2022 ₹859 Cr | Dec 2022 ₹851 Cr | Mar 2023 ₹835 Cr | Jun 2023 ₹887 Cr | Sep 2023 ₹896 Cr | Dec 2023 ₹882 Cr | Mar 2024 ₹863 Cr | Jun 2024 ₹868 Cr | Sep 2024 ₹839 Cr | Dec 2024 ₹833 Cr | Mar 2025 ₹796 Cr | Jun 2025 ₹890 Cr | Sep 2025 ₹908 Cr | Dec 2025 ₹889 Cr | Mar 2026 ₹878 Cr | Jun 2026 — - DAN: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.3K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.6K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 ₹2.6K Cr | Jun 2023 ₹2.7K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.7K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.9K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 — - VC: Sep 2021 ₹631 Cr | Dec 2021 ₹786 Cr | Mar 2022 ₹818 Cr | Jun 2022 ₹848 Cr | Sep 2022 ₹1.0K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹967 Cr | Jun 2023 ₹983 Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹990 Cr | Mar 2024 ₹933 Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹980 Cr | Dec 2024 ₹939 Cr | Mar 2025 ₹934 Cr | Jun 2025 ₹969 Cr | Sep 2025 ₹917 Cr | Dec 2025 ₹948 Cr | Mar 2026 ₹954 Cr | Jun 2026 — - GT: Sep 2021 ₹4.9K Cr | Dec 2021 ₹5.1K Cr | Mar 2022 ₹4.9K Cr | Jun 2022 ₹5.2K Cr | Sep 2022 ₹5.3K Cr | Dec 2022 ₹5.4K Cr | Mar 2023 ₹4.9K Cr | Jun 2023 ₹4.9K Cr | Sep 2023 ₹5.1K Cr | Dec 2023 ₹5.1K Cr | Mar 2024 ₹4.5K Cr | Jun 2024 ₹4.6K Cr | Sep 2024 ₹4.8K Cr | Dec 2024 ₹4.9K Cr | Mar 2025 ₹4.3K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹4.6K Cr | Dec 2025 ₹4.9K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 — - ADNT: Sep 2021 ₹2.8K Cr | Dec 2021 ₹3.5K Cr | Mar 2022 ₹3.5K Cr | Jun 2022 ₹3.5K Cr | Sep 2022 ₹3.7K Cr | Dec 2022 ₹3.7K Cr | Mar 2023 ₹3.9K Cr | Jun 2023 ₹4.1K Cr | Sep 2023 ₹3.7K Cr | Dec 2023 ₹3.7K Cr | Mar 2024 ₹3.8K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹3.6K Cr | Dec 2024 ₹3.5K Cr | Mar 2025 ₹3.6K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.7K Cr | Dec 2025 ₹3.6K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 — - THRM: Sep 2021 ₹243 Cr | Dec 2021 ₹248 Cr | Mar 2022 ₹268 Cr | Jun 2022 ₹261 Cr | Sep 2022 ₹333 Cr | Dec 2022 ₹343 Cr | Mar 2023 ₹364 Cr | Jun 2023 ₹372 Cr | Sep 2023 ₹366 Cr | Dec 2023 ₹367 Cr | Mar 2024 ₹356 Cr | Jun 2024 ₹376 Cr | Sep 2024 ₹372 Cr | Dec 2024 ₹353 Cr | Mar 2025 ₹354 Cr | Jun 2025 ₹375 Cr | Sep 2025 ₹387 Cr | Dec 2025 ₹383 Cr | Mar 2026 ₹394 Cr | Jun 2026 — - DCH: Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹2.4K Cr | Jun 2026 — - XPEL: Sep 2021 ₹69 Cr | Dec 2021 ₹70 Cr | Mar 2022 ₹72 Cr | Jun 2022 ₹84 Cr | Sep 2022 ₹90 Cr | Dec 2022 ₹78 Cr | Mar 2023 ₹86 Cr | Jun 2023 ₹102 Cr | Sep 2023 ₹103 Cr | Dec 2023 ₹106 Cr | Mar 2024 ₹90 Cr | Jun 2024 ₹110 Cr | Sep 2024 ₹113 Cr | Dec 2024 ₹108 Cr | Mar 2025 ₹104 Cr | Jun 2025 ₹125 Cr | Sep 2025 ₹125 Cr | Dec 2025 ₹122 Cr | Mar 2026 ₹117 Cr | Jun 2026 — - PLOW: Sep 2021 ₹128 Cr | Dec 2021 ₹153 Cr | Mar 2022 ₹103 Cr | Jun 2022 ₹188 Cr | Sep 2022 ₹166 Cr | Dec 2022 ₹160 Cr | Mar 2023 ₹83 Cr | Jun 2023 ₹207 Cr | Sep 2023 ₹144 Cr | Dec 2023 ₹134 Cr | Mar 2024 ₹96 Cr | Jun 2024 ₹200 Cr | Sep 2024 ₹129 Cr | Dec 2024 ₹144 Cr | Mar 2025 ₹115 Cr | Jun 2025 ₹194 Cr | Sep 2025 ₹162 Cr | Dec 2025 ₹185 Cr | Mar 2026 ₹138 Cr | Jun 2026 — ### 20-quarter Revenue growth history - ORLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.9% | Sep 2022 9.2% | Dec 2022 11% | Mar 2023 13% | Jun 2023 11% | Sep 2023 11% | Dec 2023 5.2% | Mar 2024 7.2% | Jun 2024 5.0% | Sep 2024 3.8% | Dec 2024 6.9% | Mar 2025 4.1% | Jun 2025 5.9% | Sep 2025 7.8% | Dec 2025 7.8% | Mar 2026 10% | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 8.9% | Dec 2022 8.6% | Mar 2023 9.5% | Jun 2023 5.9% | Sep 2023 6.4% | Dec 2023 5.1% | Mar 2024 4.6% | Jun 2024 3.5% | Sep 2024 9.0% | Dec 2024 2.2% | Mar 2025 2.4% | Jun 2025 5.4% | Sep 2025 0.6% | Dec 2025 8.2% | Mar 2026 8.2% | Jun 2026 8.5% - MGA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.6% | Sep 2022 17% | Dec 2022 5.0% | Mar 2023 11% | Jun 2023 17% | Sep 2023 15% | Dec 2023 9.3% | Mar 2024 2.8% | Jun 2024 -0.2% | Sep 2024 -3.8% | Dec 2024 1.7% | Mar 2025 -8.2% | Jun 2025 -3.0% | Sep 2025 1.8% | Dec 2025 2.1% | Mar 2026 3.1% | Jun 2026 — - GPC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 17% | Sep 2022 18% | Dec 2022 15% | Mar 2023 8.9% | Jun 2023 5.6% | Sep 2023 2.6% | Dec 2023 1.1% | Mar 2024 0.3% | Jun 2024 0.8% | Sep 2024 2.5% | Dec 2024 3.3% | Mar 2025 1.4% | Jun 2025 3.4% | Sep 2025 4.9% | Dec 2025 4.1% | Mar 2026 6.8% | Jun 2026 — - BWA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 -5.6% | Dec 2022 -9.3% | Mar 2023 -13% | Jun 2023 -2.3% | Sep 2023 12% | Dec 2023 6.2% | Mar 2024 6.3% | Jun 2024 -1.9% | Sep 2024 -4.8% | Dec 2024 -2.4% | Mar 2025 -2.2% | Jun 2025 1.0% | Sep 2025 4.1% | Dec 2025 3.9% | Mar 2026 0.5% | Jun 2026 — - APTV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 6.6% | Sep 2022 26% | Dec 2022 12% | Mar 2023 15% | Jun 2023 28% | Sep 2023 11% | Dec 2023 6.0% | Mar 2024 1.7% | Jun 2024 -2.9% | Sep 2024 -5.1% | Dec 2024 -0.2% | Mar 2025 -1.6% | Jun 2025 3.1% | Sep 2025 7.4% | Dec 2025 5.0% | Mar 2026 5.4% | Jun 2026 — - AUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -95% | Dec 2022 -92% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 25% | Dec 2022 11% | Mar 2023 9.5% | Jun 2023 18% | Sep 2023 3.7% | Dec 2023 7.9% | Mar 2024 6.5% | Jun 2024 4.2% | Sep 2024 12% | Dec 2024 2.7% | Mar 2025 -2.9% | Jun 2025 -0.3% | Sep 2025 -16% | Dec 2025 -7.4% | Mar 2026 84% | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.3% | Sep 2022 21% | Dec 2022 12% | Mar 2023 7.7% | Jun 2023 15% | Sep 2023 7.3% | Dec 2023 0.2% | Mar 2024 -2.3% | Jun 2024 6.4% | Sep 2024 6.0% | Dec 2024 10.0% | Mar 2025 7.1% | Jun 2025 3.2% | Sep 2025 12% | Dec 2025 30% | Mar 2026 47% | Jun 2026 — - ALV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.9% | Sep 2022 25% | Dec 2022 10% | Mar 2023 17% | Jun 2023 27% | Sep 2023 13% | Dec 2023 18% | Mar 2024 4.9% | Jun 2024 -1.1% | Sep 2024 -1.6% | Dec 2024 -4.9% | Mar 2025 -1.4% | Jun 2025 4.2% | Sep 2025 5.9% | Dec 2025 7.7% | Mar 2026 6.8% | Jun 2026 — - LEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 6.5% | Dec 2022 23% | Mar 2023 — | Jun 2023 12% | Sep 2023 18% | Dec 2023 11% | Mar 2024 — | Jun 2024 2.8% | Sep 2024 -6.9% | Dec 2024 -2.2% | Mar 2025 -7.3% | Jun 2025 0.3% | Sep 2025 1.7% | Dec 2025 4.8% | Mar 2026 — | Jun 2026 -3.4% - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 41% | Dec 2022 26% | Mar 2023 — | Jun 2023 16% | Sep 2023 -1.3% | Dec 2023 — | Mar 2024 — | Jun 2024 -4.2% | Sep 2024 7.1% | Dec 2024 — | Mar 2025 83% | Jun 2025 15% | Sep 2025 3.7% | Dec 2025 -9.0% | Mar 2026 27% | Jun 2026 — - LKQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -2.7% | Sep 2022 -5.9% | Dec 2022 -5.8% | Mar 2023 0.0% | Jun 2023 3.2% | Sep 2023 15% | Dec 2023 17% | Mar 2024 11% | Jun 2024 7.6% | Sep 2024 -3.2% | Dec 2024 -7.9% | Mar 2025 -10% | Jun 2025 -1.9% | Sep 2025 1.3% | Dec 2025 2.7% | Mar 2026 4.3% | Jun 2026 — - GTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -8.1% | Sep 2022 13% | Dec 2022 4.2% | Mar 2023 7.7% | Jun 2023 18% | Sep 2023 1.6% | Dec 2023 5.2% | Mar 2024 -5.7% | Jun 2024 -12% | Sep 2024 -14% | Dec 2024 -11% | Mar 2025 -4.0% | Jun 2025 2.6% | Sep 2025 9.2% | Dec 2025 5.6% | Mar 2026 12% | Jun 2026 — - GNTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.2% | Sep 2022 24% | Dec 2022 18% | Mar 2023 18% | Jun 2023 26% | Sep 2023 17% | Dec 2023 19% | Mar 2024 7.1% | Jun 2024 -1.7% | Sep 2024 5.7% | Dec 2024 -8.0% | Mar 2025 -2.2% | Jun 2025 15% | Sep 2025 7.6% | Dec 2025 19% | Mar 2026 17% | Jun 2026 — - DORM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 34% | Sep 2022 19% | Dec 2022 26% | Mar 2023 — | Jun 2023 12% | Sep 2023 16% | Dec 2023 -1.4% | Mar 2024 — | Jun 2024 7.7% | Sep 2024 4.8% | Dec 2024 8.1% | Mar 2025 8.3% | Jun 2025 7.6% | Sep 2025 7.9% | Dec 2025 0.8% | Mar 2026 4.1% | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.4% | Sep 2022 — | Dec 2022 — | Mar 2023 9.4% | Jun 2023 5.3% | Sep 2023 -1.3% | Dec 2023 3.9% | Mar 2024 1.9% | Jun 2024 4.6% | Sep 2024 2.0% | Dec 2024 1.8% | Mar 2025 -2.3% | Jun 2025 4.9% | Sep 2025 11% | Dec 2025 9.8% | Mar 2026 15% | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.6% | Dec 2022 0.8% | Mar 2023 — | Jun 2023 1.3% | Sep 2023 0.8% | Dec 2023 -16% | Mar 2024 — | Jun 2024 -19% | Sep 2024 -19% | Dec 2024 -3.2% | Mar 2025 — | Jun 2025 -6.8% | Sep 2025 -7.7% | Dec 2025 -5.2% | Mar 2026 — | Jun 2026 1.2% - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 9.3% | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -0.8% | Jun 2023 11% | Sep 2023 4.3% | Dec 2023 3.6% | Mar 2024 3.4% | Jun 2024 -2.1% | Sep 2024 -6.4% | Dec 2024 -5.6% | Mar 2025 -7.8% | Jun 2025 2.5% | Sep 2025 8.2% | Dec 2025 6.7% | Mar 2026 10% | Jun 2026 — - DAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 17% | Sep 2022 15% | Dec 2022 12% | Mar 2023 6.6% | Jun 2023 6.3% | Sep 2023 5.3% | Dec 2023 -2.4% | Mar 2024 3.4% | Jun 2024 -26% | Sep 2024 -29% | Dec 2024 -29% | Mar 2025 -35% | Jun 2025 -5.5% | Sep 2025 1.1% | Dec 2025 5.2% | Mar 2026 4.9% | Jun 2026 — - VC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 39% | Sep 2022 63% | Dec 2022 35% | Mar 2023 18% | Jun 2023 16% | Sep 2023 -1.2% | Dec 2023 -7.0% | Mar 2024 -3.5% | Jun 2024 3.2% | Sep 2024 -3.4% | Dec 2024 -5.2% | Mar 2025 0.1% | Jun 2025 -4.4% | Sep 2025 -6.4% | Dec 2025 1.0% | Mar 2026 2.1% | Jun 2026 — - GT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 7.6% | Dec 2022 6.3% | Mar 2023 0.7% | Jun 2023 -6.6% | Sep 2023 -3.2% | Dec 2023 -4.8% | Mar 2024 -8.2% | Jun 2024 -6.1% | Sep 2024 -6.2% | Dec 2024 -3.3% | Mar 2025 -6.3% | Jun 2025 -2.3% | Sep 2025 -3.7% | Dec 2025 -0.6% | Mar 2026 -8.8% | Jun 2026 — - ADNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.5% | Sep 2022 32% | Dec 2022 6.3% | Mar 2023 12% | Jun 2023 16% | Sep 2023 2.2% | Dec 2023 -1.1% | Mar 2024 -4.1% | Jun 2024 -8.4% | Sep 2024 -4.5% | Dec 2024 -4.5% | Mar 2025 -3.7% | Jun 2025 0.7% | Sep 2025 3.3% | Dec 2025 4.3% | Mar 2026 7.0% | Jun 2026 — - THRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1.9% | Sep 2022 37% | Dec 2022 38% | Mar 2023 36% | Jun 2023 43% | Sep 2023 9.9% | Dec 2023 7.0% | Mar 2024 -2.2% | Jun 2024 1.1% | Sep 2024 1.6% | Dec 2024 -3.8% | Mar 2025 -0.6% | Jun 2025 -0.3% | Sep 2025 4.0% | Dec 2025 8.5% | Mar 2026 11% | Jun 2026 — - DCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 27% | Dec 2022 13% | Mar 2023 4.0% | Jun 2023 9.3% | Sep 2023 1.1% | Dec 2023 5.0% | Mar 2024 7.6% | Jun 2024 3.9% | Sep 2024 -3.0% | Dec 2024 -5.6% | Mar 2025 -12% | Jun 2025 -5.9% | Sep 2025 0.0% | Dec 2025 0.2% | Mar 2026 69% | Jun 2026 — - XPEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 22% | Sep 2022 30% | Dec 2022 11% | Mar 2023 19% | Jun 2023 21% | Sep 2023 14% | Dec 2023 36% | Mar 2024 4.7% | Jun 2024 7.8% | Sep 2024 9.7% | Dec 2024 1.9% | Mar 2025 16% | Jun 2025 14% | Sep 2025 11% | Dec 2025 13% | Mar 2026 13% | Jun 2026 — - PLOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 30% | Dec 2022 4.6% | Mar 2023 -19% | Jun 2023 10% | Sep 2023 -13% | Dec 2023 -16% | Mar 2024 16% | Jun 2024 -3.4% | Sep 2024 -10% | Dec 2024 7.5% | Mar 2025 20% | Jun 2025 -3.0% | Sep 2025 26% | Dec 2025 28% | Mar 2026 20% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: AutoZone, Inc. leads opm at 19.1%; Adient plc leads margin change at +9.3 percentage points. Investor read: AutoZone, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: AutoZone, Inc. · 19.1% | 3.2% versus #2 · O'Reilly Automotive, Inc. | 0/8 recent comparable periods | 27/29 companies · 488 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. AutoZone, Inc. (AZO): 19% 2. O'Reilly Automotive, Inc. (ORLY): 19% 3. Gentex Corporation (GNTX): 18% 4. Atmus Filtration Technologies Inc. (ATMU): 14% 5. Allison Transmission Holdings, Inc. (ALSN): 14% ### Margin change — fastest expanders 1. Adient plc (ADNT): +9.3 pp 2. Advance Auto Parts, Inc. (AAP): +7.7 pp 3. Douglas Dynamics, Inc. (PLOW): +4.4 pp 4. BorgWarner Inc. (BWA): +2.8 pp 5. Dana Incorporated (DAN): +2.7 pp ### 20-quarter OPM history - ORLY: Sep 2021 22% | Dec 2021 21% | Mar 2022 20% | Jun 2022 22% | Sep 2022 21% | Dec 2022 19% | Mar 2023 19% | Jun 2023 21% | Sep 2023 21% | Dec 2023 19% | Mar 2024 19% | Jun 2024 20% | Sep 2024 21% | Dec 2024 18% | Mar 2025 18% | Jun 2025 20% | Sep 2025 21% | Dec 2025 19% | Mar 2026 19% | Jun 2026 — - AZO: Sep 2021 21% | Dec 2021 21% | Mar 2022 19% | Jun 2022 20% | Sep 2022 21% | Dec 2022 18% | Mar 2023 18% | Jun 2023 21% | Sep 2023 22% | Dec 2023 20% | Mar 2024 19% | Jun 2024 21% | Sep 2024 21% | Dec 2024 20% | Mar 2025 18% | Jun 2025 19% | Sep 2025 19% | Dec 2025 17% | Mar 2026 16% | Jun 2026 19% - MGA: Sep 2021 2.5% | Dec 2021 5.3% | Mar 2022 5.1% | Jun 2022 3.6% | Sep 2022 4.5% | Dec 2022 3.5% | Mar 2023 3.8% | Jun 2023 5.2% | Sep 2023 5.1% | Dec 2023 5.0% | Mar 2024 3.7% | Jun 2024 4.9% | Sep 2024 5.4% | Dec 2024 5.8% | Mar 2025 3.1% | Jun 2025 4.9% | Sep 2025 5.2% | Dec 2025 6.8% | Mar 2026 4.3% | Jun 2026 — - GPC: Sep 2021 6.1% | Dec 2021 7.0% | Mar 2022 6.2% | Jun 2022 9.1% | Sep 2022 7.6% | Dec 2022 6.3% | Mar 2023 7.1% | Jun 2023 7.7% | Sep 2023 8.0% | Dec 2023 7.5% | Mar 2024 5.5% | Jun 2024 6.7% | Sep 2024 5.4% | Dec 2024 3.3% | Mar 2025 4.9% | Jun 2025 6.1% | Sep 2025 5.3% | Dec 2025 -0.6% | Mar 2026 4.6% | Jun 2026 — - BWA: Sep 2021 7.4% | Dec 2021 4.9% | Mar 2022 9.1% | Jun 2022 7.2% | Sep 2022 8.2% | Dec 2022 8.0% | Mar 2023 8.1% | Jun 2023 9.1% | Sep 2023 7.5% | Dec 2023 8.0% | Mar 2024 8.2% | Jun 2024 8.2% | Sep 2024 7.8% | Dec 2024 -9.2% | Mar 2025 6.7% | Jun 2025 7.9% | Sep 2025 6.9% | Dec 2025 -6.7% | Mar 2026 9.5% | Jun 2026 — - APTV: Sep 2021 5.9% | Dec 2021 6.3% | Mar 2022 6.1% | Jun 2022 2.4% | Sep 2022 10% | Dec 2022 9.5% | Mar 2023 7.2% | Jun 2023 7.9% | Sep 2023 8.7% | Dec 2023 7.2% | Mar 2024 8.5% | Jun 2024 8.7% | Sep 2024 10% | Dec 2024 9.8% | Mar 2025 9.3% | Jun 2025 9.3% | Sep 2025 -3.4% | Dec 2025 8.2% | Mar 2026 7.4% | Jun 2026 — - AUR: Sep 2021 -231% | Dec 2021 -869% | Mar 2022 -341% | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALSN: Sep 2021 26% | Dec 2021 27% | Mar 2022 30% | Jun 2022 28% | Sep 2022 29% | Dec 2022 27% | Mar 2023 31% | Jun 2023 31% | Sep 2023 30% | Dec 2023 29% | Mar 2024 30% | Jun 2024 32% | Sep 2024 32% | Dec 2024 30% | Mar 2025 33% | Jun 2025 31% | Sep 2025 29% | Dec 2025 23% | Mar 2026 14% | Jun 2026 — - MOD: Sep 2021 2.2% | Dec 2021 16% | Mar 2022 3.6% | Jun 2022 4.7% | Sep 2022 6.4% | Dec 2022 7.1% | Mar 2023 7.8% | Jun 2023 11% | Sep 2023 11% | Dec 2023 11% | Mar 2024 7.8% | Jun 2024 11% | Sep 2024 11% | Dec 2024 9.6% | Mar 2025 12% | Jun 2025 11% | Sep 2025 9.9% | Dec 2025 11% | Mar 2026 11% | Jun 2026 — - ALV: Sep 2021 5.4% | Dec 2021 8.2% | Mar 2022 6.3% | Jun 2022 6.0% | Sep 2022 7.4% | Dec 2022 9.9% | Mar 2023 5.1% | Jun 2023 3.6% | Sep 2023 8.9% | Dec 2023 8.6% | Mar 2024 7.4% | Jun 2024 7.9% | Sep 2024 8.8% | Dec 2024 14% | Mar 2025 9.9% | Jun 2025 9.1% | Sep 2025 9.9% | Dec 2025 11% | Mar 2026 8.6% | Jun 2026 — - LEA: Sep 2021 4.3% | Dec 2021 1.1% | Mar 2022 — | Jun 2022 2.5% | Sep 2022 2.8% | Dec 2022 3.8% | Mar 2023 — | Jun 2023 4.1% | Sep 2023 4.3% | Dec 2023 3.7% | Mar 2024 3.3% | Jun 2024 4.3% | Sep 2024 3.9% | Dec 2024 3.7% | Mar 2025 3.3% | Jun 2025 4.1% | Sep 2025 3.4% | Dec 2025 2.6% | Mar 2026 — | Jun 2026 4.4% - MBLY: Sep 2021 -6.1% | Dec 2021 -12% | Mar 2022 — | Jun 2022 -12% | Sep 2022 2.2% | Dec 2022 -5.6% | Mar 2023 — | Jun 2023 -18% | Sep 2023 -7.3% | Dec 2023 — | Mar 2024 -100% | Jun 2024 -21% | Sep 2024 -578% | Dec 2024 -18% | Mar 2025 -27% | Jun 2025 -15% | Sep 2025 -22% | Dec 2025 -31% | Mar 2026 -698% | Jun 2026 — - LKQ: Sep 2021 12% | Dec 2021 8.8% | Mar 2022 11% | Jun 2022 17% | Sep 2022 12% | Dec 2022 9.8% | Mar 2023 11% | Jun 2023 12% | Sep 2023 8.6% | Dec 2023 7.0% | Mar 2024 7.8% | Jun 2024 8.9% | Sep 2024 8.7% | Dec 2024 8.0% | Mar 2025 8.0% | Jun 2025 8.6% | Sep 2025 7.8% | Dec 2025 4.6% | Mar 2026 6.3% | Jun 2026 — - GTX: Sep 2021 12% | Dec 2021 12% | Mar 2022 13% | Jun 2022 13% | Sep 2022 13% | Dec 2022 12% | Mar 2023 14% | Jun 2023 14% | Sep 2023 12% | Dec 2023 13% | Mar 2024 12% | Jun 2024 14% | Sep 2024 14% | Dec 2024 14% | Mar 2025 13% | Jun 2025 13% | Sep 2025 14% | Dec 2025 13% | Mar 2026 14% | Jun 2026 — - GNTX: Sep 2021 22% | Dec 2021 21% | Mar 2022 22% | Jun 2022 19% | Sep 2022 18% | Dec 2022 19% | Mar 2023 21% | Jun 2023 22% | Sep 2023 21% | Dec 2023 23% | Mar 2024 22% | Jun 2024 20% | Sep 2024 21% | Dec 2024 17% | Mar 2025 20% | Jun 2025 18% | Sep 2025 19% | Dec 2025 19% | Mar 2026 18% | Jun 2026 — - DORM: Sep 2021 13% | Dec 2021 11% | Mar 2022 12% | Jun 2022 12% | Sep 2022 10% | Dec 2022 6.5% | Mar 2023 — | Jun 2023 3.9% | Sep 2023 12% | Dec 2023 16% | Mar 2024 12% | Jun 2024 14% | Sep 2024 16% | Dec 2024 16% | Mar 2025 16% | Jun 2025 15% | Sep 2025 19% | Dec 2025 5.8% | Mar 2026 11% | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 9.4% | Jun 2022 13% | Sep 2022 14% | Dec 2022 7.8% | Mar 2023 15% | Jun 2023 14% | Sep 2023 13% | Dec 2023 12% | Mar 2024 14% | Jun 2024 17% | Sep 2024 14% | Dec 2024 12% | Mar 2025 13% | Jun 2025 16% | Sep 2025 16% | Dec 2025 14% | Mar 2026 14% | Jun 2026 — - AAP: Sep 2021 9.2% | Dec 2021 8.7% | Mar 2022 4.0% | Jun 2022 6.0% | Sep 2022 7.6% | Dec 2022 6.5% | Mar 2023 — | Jun 2023 2.9% | Sep 2023 4.7% | Dec 2023 -3.5% | Mar 2024 — | Jun 2024 1.9% | Sep 2024 2.5% | Dec 2024 -42% | Mar 2025 — | Jun 2025 -5.1% | Sep 2025 1.1% | Dec 2025 1.1% | Mar 2026 2.2% | Jun 2026 2.6% - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 7.0% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 6.2% | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 8.4% | Jun 2022 6.2% | Sep 2022 13% | Dec 2022 10% | Mar 2023 6.9% | Jun 2023 6.3% | Sep 2023 5.1% | Dec 2023 9.2% | Mar 2024 8.2% | Jun 2024 8.2% | Sep 2024 7.9% | Dec 2024 6.1% | Mar 2025 7.8% | Jun 2025 10% | Sep 2025 3.7% | Dec 2025 7.8% | Mar 2026 7.9% | Jun 2026 — - DAN: Sep 2021 4.3% | Dec 2021 3.5% | Mar 2022 2.7% | Jun 2022 2.3% | Sep 2022 -4.0% | Dec 2022 2.4% | Mar 2023 3.4% | Jun 2023 4.5% | Sep 2023 3.4% | Dec 2023 1.7% | Mar 2024 2.6% | Jun 2024 -0.1% | Sep 2024 -0.1% | Dec 2024 -6.2% | Mar 2025 0.5% | Jun 2025 1.3% | Sep 2025 3.8% | Dec 2025 4.1% | Mar 2026 3.2% | Jun 2026 — - VC: Sep 2021 1.1% | Dec 2021 5.0% | Mar 2022 3.1% | Jun 2022 3.2% | Sep 2022 5.5% | Dec 2022 5.5% | Mar 2023 5.9% | Jun 2023 5.2% | Sep 2023 9.0% | Dec 2023 7.7% | Mar 2024 7.0% | Jun 2024 9.6% | Sep 2024 5.3% | Dec 2024 8.3% | Mar 2025 9.7% | Jun 2025 9.5% | Sep 2025 8.2% | Dec 2025 6.8% | Mar 2026 4.3% | Jun 2026 — - GT: Sep 2021 6.1% | Dec 2021 6.4% | Mar 2022 5.0% | Jun 2022 5.7% | Sep 2022 5.0% | Dec 2022 2.2% | Mar 2023 1.1% | Jun 2023 -0.7% | Sep 2023 1.9% | Dec 2023 -3.5% | Mar 2024 2.3% | Jun 2024 4.2% | Sep 2024 3.0% | Dec 2024 5.3% | Mar 2025 -0.4% | Jun 2025 0.2% | Sep 2025 -11% | Dec 2025 6.0% | Mar 2026 -2.3% | Jun 2026 — - ADNT: Sep 2021 42% | Dec 2021 1.1% | Mar 2022 1.3% | Jun 2022 1.0% | Sep 2022 3.8% | Dec 2022 3.1% | Mar 2023 2.5% | Jun 2023 4.3% | Sep 2023 3.8% | Dec 2023 3.0% | Mar 2024 0.2% | Jun 2024 2.5% | Sep 2024 3.6% | Dec 2024 2.7% | Mar 2025 -6.0% | Jun 2025 3.2% | Sep 2025 3.3% | Dec 2025 2.5% | Mar 2026 3.3% | Jun 2026 — - THRM: Sep 2021 8.5% | Dec 2021 8.8% | Mar 2022 5.3% | Jun 2022 3.0% | Sep 2022 6.9% | Dec 2022 1.0% | Mar 2023 4.9% | Jun 2023 1.2% | Sep 2023 6.5% | Dec 2023 8.6% | Mar 2024 5.1% | Jun 2024 8.8% | Sep 2024 8.7% | Dec 2024 6.7% | Mar 2025 4.8% | Jun 2025 6.4% | Sep 2025 6.2% | Dec 2025 4.6% | Mar 2026 2.9% | Jun 2026 — - DCH: Sep 2021 3.8% | Dec 2021 2.6% | Mar 2022 4.9% | Jun 2022 4.0% | Sep 2022 4.1% | Dec 2022 3.8% | Mar 2023 2.4% | Jun 2023 3.7% | Sep 2023 1.5% | Dec 2023 2.0% | Mar 2024 4.8% | Jun 2024 5.3% | Sep 2024 2.8% | Dec 2024 2.6% | Mar 2025 3.0% | Jun 2025 3.6% | Sep 2025 3.2% | Dec 2025 -2.4% | Mar 2026 -1.4% | Jun 2026 — - XPEL: Sep 2021 15% | Dec 2021 12% | Mar 2022 14% | Jun 2022 19% | Sep 2022 19% | Dec 2022 14% | Mar 2023 17% | Jun 2023 20% | Sep 2023 17% | Dec 2023 14% | Mar 2024 10% | Jun 2024 18% | Sep 2024 16% | Dec 2024 12% | Mar 2025 11% | Jun 2025 16% | Sep 2025 13% | Dec 2025 13% | Mar 2026 11% | Jun 2026 — - PLOW: Sep 2021 8.1% | Dec 2021 8.5% | Mar 2022 -2.9% | Jun 2022 14% | Sep 2022 12% | Dec 2022 10% | Mar 2023 -17% | Jun 2023 17% | Sep 2023 8.0% | Dec 2023 9.4% | Mar 2024 -6.7% | Jun 2024 18% | Sep 2024 35% | Dec 2024 9.0% | Mar 2025 2.8% | Jun 2025 19% | Sep 2025 8.7% | Dec 2025 11% | Mar 2026 7.2% | Jun 2026 — ### 20-quarter Margin change history - ORLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.2 pp | Sep 2022 −0.5 pp | Dec 2022 −1.8 pp | Mar 2023 −1.0 pp | Jun 2023 −0.8 pp | Sep 2023 +0.1 pp | Dec 2023 +0.1 pp | Mar 2024 −0.4 pp | Jun 2024 −0.8 pp | Sep 2024 −0.8 pp | Dec 2024 −0.8 pp | Mar 2025 −1.0 pp | Jun 2025 0.0 pp | Sep 2025 +0.2 pp | Dec 2025 +0.8 pp | Mar 2026 +0.6 pp | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −2.5 pp | Mar 2023 −0.4 pp | Jun 2023 +0.7 pp | Sep 2023 +0.9 pp | Dec 2023 +2.2 pp | Mar 2024 +1.1 pp | Jun 2024 +0.3 pp | Sep 2024 −0.6 pp | Dec 2024 −0.6 pp | Mar 2025 −1.4 pp | Jun 2025 −1.9 pp | Sep 2025 −1.7 pp | Dec 2025 −2.8 pp | Mar 2026 −1.6 pp | Jun 2026 −0.3 pp - MGA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.1 pp | Sep 2022 +2.0 pp | Dec 2022 −1.8 pp | Mar 2023 −1.3 pp | Jun 2023 +1.6 pp | Sep 2023 +0.6 pp | Dec 2023 +1.5 pp | Mar 2024 −0.1 pp | Jun 2024 −0.3 pp | Sep 2024 +0.3 pp | Dec 2024 +0.8 pp | Mar 2025 −0.6 pp | Jun 2025 0.0 pp | Sep 2025 −0.2 pp | Dec 2025 +1.0 pp | Mar 2026 +1.2 pp | Jun 2026 — - GPC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +3.6 pp | Sep 2022 +1.5 pp | Dec 2022 −0.7 pp | Mar 2023 +0.9 pp | Jun 2023 −1.4 pp | Sep 2023 +0.4 pp | Dec 2023 +1.2 pp | Mar 2024 −1.6 pp | Jun 2024 −1.0 pp | Sep 2024 −2.6 pp | Dec 2024 −4.2 pp | Mar 2025 −0.6 pp | Jun 2025 −0.6 pp | Sep 2025 −0.1 pp | Dec 2025 −3.9 pp | Mar 2026 −0.3 pp | Jun 2026 — - BWA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.2 pp | Sep 2022 +0.8 pp | Dec 2022 +3.1 pp | Mar 2023 −1.0 pp | Jun 2023 +1.9 pp | Sep 2023 −0.7 pp | Dec 2023 0.0 pp | Mar 2024 +0.1 pp | Jun 2024 −0.9 pp | Sep 2024 +0.3 pp | Dec 2024 −17.2 pp | Mar 2025 −1.5 pp | Jun 2025 −0.3 pp | Sep 2025 −0.9 pp | Dec 2025 +2.5 pp | Mar 2026 +2.8 pp | Jun 2026 — - APTV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −5.1 pp | Sep 2022 +4.3 pp | Dec 2022 +3.2 pp | Mar 2023 +1.1 pp | Jun 2023 +5.5 pp | Sep 2023 −1.5 pp | Dec 2023 −2.3 pp | Mar 2024 +1.3 pp | Jun 2024 +0.8 pp | Sep 2024 +1.7 pp | Dec 2024 +2.6 pp | Mar 2025 +0.8 pp | Jun 2025 +0.6 pp | Sep 2025 −13.8 pp | Dec 2025 −1.6 pp | Mar 2026 −1.9 pp | Jun 2026 — - AUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6,435.7 pp | Dec 2022 −14,731.4 pp | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.5 pp | Sep 2022 +2.9 pp | Dec 2022 −0.6 pp | Mar 2023 +1.2 pp | Jun 2023 +2.7 pp | Sep 2023 +1.6 pp | Dec 2023 +2.3 pp | Mar 2024 −1.3 pp | Jun 2024 +1.3 pp | Sep 2024 +1.4 pp | Dec 2024 +0.5 pp | Mar 2025 +2.8 pp | Jun 2025 −0.8 pp | Sep 2025 −2.2 pp | Dec 2025 −6.3 pp | Mar 2026 −18.6 pp | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.9 pp | Sep 2022 +4.2 pp | Dec 2022 −8.7 pp | Mar 2023 +4.2 pp | Jun 2023 +6.0 pp | Sep 2023 +4.2 pp | Dec 2023 +3.9 pp | Mar 2024 0.0 pp | Jun 2024 +0.5 pp | Sep 2024 +0.8 pp | Dec 2024 −1.4 pp | Mar 2025 +3.7 pp | Jun 2025 −0.1 pp | Sep 2025 −1.5 pp | Dec 2025 +1.5 pp | Mar 2026 −0.6 pp | Jun 2026 — - ALV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.1 pp | Sep 2022 +2.0 pp | Dec 2022 +1.7 pp | Mar 2023 −1.2 pp | Jun 2023 −2.4 pp | Sep 2023 +1.5 pp | Dec 2023 −1.3 pp | Mar 2024 +2.3 pp | Jun 2024 +4.3 pp | Sep 2024 −0.1 pp | Dec 2024 +4.9 pp | Mar 2025 +2.5 pp | Jun 2025 +1.2 pp | Sep 2025 +1.1 pp | Dec 2025 −2.2 pp | Mar 2026 −1.3 pp | Jun 2026 — - LEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 +2.7 pp | Mar 2023 — | Jun 2023 +1.6 pp | Sep 2023 +1.5 pp | Dec 2023 −0.1 pp | Mar 2024 — | Jun 2024 +0.2 pp | Sep 2024 −0.4 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 −0.2 pp | Sep 2025 −0.5 pp | Dec 2025 −1.1 pp | Mar 2026 — | Jun 2026 +0.3 pp - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −7.1 pp | Sep 2022 +8.3 pp | Dec 2022 +6.8 pp | Mar 2023 — | Jun 2023 −6.0 pp | Sep 2023 −9.5 pp | Dec 2023 — | Mar 2024 — | Jun 2024 −3.7 pp | Sep 2024 −570.3 pp | Dec 2024 — | Mar 2025 +72.9 pp | Jun 2025 +6.8 pp | Sep 2025 +556.0 pp | Dec 2025 −13.8 pp | Mar 2026 −671.5 pp | Jun 2026 — - LKQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +3.7 pp | Sep 2022 0.0 pp | Dec 2022 +1.0 pp | Mar 2023 −0.2 pp | Jun 2023 −4.9 pp | Sep 2023 −2.9 pp | Dec 2023 −2.8 pp | Mar 2024 −3.1 pp | Jun 2024 −2.9 pp | Sep 2024 +0.1 pp | Dec 2024 +1.0 pp | Mar 2025 +0.2 pp | Jun 2025 −0.3 pp | Sep 2025 −0.9 pp | Dec 2025 −3.4 pp | Mar 2026 −1.7 pp | Jun 2026 — - GTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.8 pp | Sep 2022 +0.4 pp | Dec 2022 −0.1 pp | Mar 2023 +0.2 pp | Jun 2023 +0.2 pp | Sep 2023 −0.6 pp | Dec 2023 +0.4 pp | Mar 2024 −1.9 pp | Jun 2024 0.0 pp | Sep 2024 +1.5 pp | Dec 2024 +1.6 pp | Mar 2025 +1.2 pp | Jun 2025 −0.3 pp | Sep 2025 +0.6 pp | Dec 2025 −0.7 pp | Mar 2026 +1.0 pp | Jun 2026 — - GNTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.8 pp | Sep 2022 −4.5 pp | Dec 2022 −1.9 pp | Mar 2023 −1.5 pp | Jun 2023 +3.3 pp | Sep 2023 +3.7 pp | Dec 2023 +3.4 pp | Mar 2024 +1.3 pp | Jun 2024 −1.7 pp | Sep 2024 −0.6 pp | Dec 2024 −5.9 pp | Mar 2025 −2.3 pp | Jun 2025 −2.1 pp | Sep 2025 −2.0 pp | Dec 2025 +2.0 pp | Mar 2026 −1.3 pp | Jun 2026 — - DORM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.2 pp | Sep 2022 −2.5 pp | Dec 2022 −4.8 pp | Mar 2023 — | Jun 2023 −8.0 pp | Sep 2023 +1.3 pp | Dec 2023 +9.1 pp | Mar 2024 — | Jun 2024 +10.5 pp | Sep 2024 +4.2 pp | Dec 2024 +0.7 pp | Mar 2025 +4.2 pp | Jun 2025 +0.8 pp | Sep 2025 +3.7 pp | Dec 2025 −10.5 pp | Mar 2026 −4.7 pp | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.9 pp | Sep 2022 — | Dec 2022 — | Mar 2023 +5.1 pp | Jun 2023 +0.1 pp | Sep 2023 −1.6 pp | Dec 2023 +4.1 pp | Mar 2024 −0.9 pp | Jun 2024 +3.1 pp | Sep 2024 +0.8 pp | Dec 2024 −0.3 pp | Mar 2025 −0.2 pp | Jun 2025 −0.2 pp | Sep 2025 +2.8 pp | Dec 2025 +2.2 pp | Mar 2026 +1.0 pp | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.6 pp | Dec 2022 −2.2 pp | Mar 2023 — | Jun 2023 −3.1 pp | Sep 2023 −2.9 pp | Dec 2023 −10.0 pp | Mar 2024 — | Jun 2024 −1.0 pp | Sep 2024 −2.2 pp | Dec 2024 −38.8 pp | Mar 2025 — | Jun 2025 −7.0 pp | Sep 2025 −1.4 pp | Dec 2025 +43.4 pp | Mar 2026 — | Jun 2026 +7.7 pp - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −0.8 pp | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −1.5 pp | Jun 2023 +0.1 pp | Sep 2023 −7.8 pp | Dec 2023 −1.0 pp | Mar 2024 +1.3 pp | Jun 2024 +1.9 pp | Sep 2024 +2.8 pp | Dec 2024 −3.1 pp | Mar 2025 −0.4 pp | Jun 2025 +1.8 pp | Sep 2025 −4.2 pp | Dec 2025 +1.7 pp | Mar 2026 +0.1 pp | Jun 2026 — - DAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.8 pp | Sep 2022 −8.3 pp | Dec 2022 −1.1 pp | Mar 2023 +0.7 pp | Jun 2023 +2.2 pp | Sep 2023 +7.4 pp | Dec 2023 −0.7 pp | Mar 2024 −0.8 pp | Jun 2024 −4.6 pp | Sep 2024 −3.5 pp | Dec 2024 −7.9 pp | Mar 2025 −2.1 pp | Jun 2025 +1.4 pp | Sep 2025 +3.9 pp | Dec 2025 +10.3 pp | Mar 2026 +2.7 pp | Jun 2026 — - VC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +4.8 pp | Sep 2022 +4.4 pp | Dec 2022 +0.5 pp | Mar 2023 +2.8 pp | Jun 2023 +2.0 pp | Sep 2023 +3.5 pp | Dec 2023 +2.2 pp | Mar 2024 +1.1 pp | Jun 2024 +4.4 pp | Sep 2024 −3.7 pp | Dec 2024 +0.6 pp | Mar 2025 +2.7 pp | Jun 2025 −0.1 pp | Sep 2025 +2.9 pp | Dec 2025 −1.5 pp | Mar 2026 −5.4 pp | Jun 2026 — - GT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0 pp | Sep 2022 −1.1 pp | Dec 2022 −4.2 pp | Mar 2023 −3.9 pp | Jun 2023 −6.4 pp | Sep 2023 −3.1 pp | Dec 2023 −5.7 pp | Mar 2024 +1.2 pp | Jun 2024 +4.9 pp | Sep 2024 +1.1 pp | Dec 2024 +8.8 pp | Mar 2025 −2.7 pp | Jun 2025 −4.0 pp | Sep 2025 −14.3 pp | Dec 2025 +0.7 pp | Mar 2026 −1.9 pp | Jun 2026 — - ADNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.4 pp | Sep 2022 −38.4 pp | Dec 2022 +2.0 pp | Mar 2023 +1.2 pp | Jun 2023 +3.3 pp | Sep 2023 0.0 pp | Dec 2023 −0.1 pp | Mar 2024 −2.3 pp | Jun 2024 −1.8 pp | Sep 2024 −0.2 pp | Dec 2024 −0.3 pp | Mar 2025 −6.2 pp | Jun 2025 +0.7 pp | Sep 2025 −0.3 pp | Dec 2025 −0.2 pp | Mar 2026 +9.3 pp | Jun 2026 — - THRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −8.9 pp | Sep 2022 −1.6 pp | Dec 2022 −7.8 pp | Mar 2023 −0.4 pp | Jun 2023 −1.8 pp | Sep 2023 −0.4 pp | Dec 2023 +7.6 pp | Mar 2024 +0.2 pp | Jun 2024 +7.6 pp | Sep 2024 +2.2 pp | Dec 2024 −1.9 pp | Mar 2025 −0.3 pp | Jun 2025 −2.4 pp | Sep 2025 −2.5 pp | Dec 2025 −2.1 pp | Mar 2026 −1.9 pp | Jun 2026 — - DCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.2 pp | Sep 2022 +0.3 pp | Dec 2022 +1.2 pp | Mar 2023 −2.5 pp | Jun 2023 −0.3 pp | Sep 2023 −2.6 pp | Dec 2023 −1.8 pp | Mar 2024 +2.4 pp | Jun 2024 +1.6 pp | Sep 2024 +1.3 pp | Dec 2024 +0.6 pp | Mar 2025 −1.8 pp | Jun 2025 −1.7 pp | Sep 2025 +0.4 pp | Dec 2025 −5.0 pp | Mar 2026 −4.4 pp | Jun 2026 — - XPEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.4 pp | Sep 2022 +4.2 pp | Dec 2022 +1.6 pp | Mar 2023 +3.4 pp | Jun 2023 +0.9 pp | Sep 2023 −2.1 pp | Dec 2023 −0.3 pp | Mar 2024 −7.2 pp | Jun 2024 −2.2 pp | Sep 2024 −0.9 pp | Dec 2024 −2.0 pp | Mar 2025 +0.5 pp | Jun 2025 −2.0 pp | Sep 2025 −2.9 pp | Dec 2025 +1.2 pp | Mar 2026 +0.4 pp | Jun 2026 — - PLOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.7 pp | Sep 2022 +3.6 pp | Dec 2022 +1.9 pp | Mar 2023 −13.8 pp | Jun 2023 +3.1 pp | Sep 2023 −3.7 pp | Dec 2023 −1.0 pp | Mar 2024 +10.0 pp | Jun 2024 +1.5 pp | Sep 2024 +27.4 pp | Dec 2024 −0.4 pp | Mar 2025 +9.5 pp | Jun 2025 +0.8 pp | Sep 2025 −26.7 pp | Dec 2025 +1.5 pp | Mar 2026 +4.4 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: O'Reilly Automotive, Inc. leads with $2,604 million of TTM profit, 5.1% above AutoZone, Inc.. PHINIA Inc. shows 85.5% growth from a $141 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: O'Reilly Automotive, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: O'Reilly Automotive, Inc. · $2,604 million | 5.1% versus #2 · AutoZone, Inc. | 5/8 recent comparable periods | 20/29 companies · 524 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. O'Reilly Automotive, Inc. (ORLY): ₹2.6K Cr 2. AutoZone, Inc. (AZO): ₹2.5K Cr 3. Dana Incorporated (DAN): ₹1.2K Cr 4. Magna International Inc. (MGA): ₹729 Cr 5. Allison Transmission Holdings, Inc. (ALSN): ₹543 Cr ### Profit growth — fastest growers 1. PHINIA Inc. (PHIN): 86% 2. Garrett Motion Inc. (GTX): 23% 3. BorgWarner Inc. (BWA): 20% 4. Atmus Filtration Technologies Inc. (ATMU): 14% 5. XPEL, Inc. (XPEL): 13% ### 20-quarter Net profit history - ORLY: Sep 2021 ₹559 Cr | Dec 2021 ₹519 Cr | Mar 2022 ₹482 Cr | Jun 2022 ₹577 Cr | Sep 2022 ₹585 Cr | Dec 2022 ₹529 Cr | Mar 2023 ₹517 Cr | Jun 2023 ₹627 Cr | Sep 2023 ₹650 Cr | Dec 2023 ₹553 Cr | Mar 2024 ₹547 Cr | Jun 2024 ₹623 Cr | Sep 2024 ₹665 Cr | Dec 2024 ₹551 Cr | Mar 2025 ₹538 Cr | Jun 2025 ₹669 Cr | Sep 2025 ₹726 Cr | Dec 2025 ₹605 Cr | Mar 2026 ₹604 Cr | Jun 2026 — - AZO: Sep 2021 ₹786 Cr | Dec 2021 ₹555 Cr | Mar 2022 ₹472 Cr | Jun 2022 ₹593 Cr | Sep 2022 ₹810 Cr | Dec 2022 ₹539 Cr | Mar 2023 ₹477 Cr | Jun 2023 ₹648 Cr | Sep 2023 ₹865 Cr | Dec 2023 ₹593 Cr | Mar 2024 ₹515 Cr | Jun 2024 ₹652 Cr | Sep 2024 ₹902 Cr | Dec 2024 ₹565 Cr | Mar 2025 ₹488 Cr | Jun 2025 ₹608 Cr | Sep 2025 ₹837 Cr | Dec 2025 ₹531 Cr | Mar 2026 ₹469 Cr | Jun 2026 ₹641 Cr - MGA: Sep 2021 ₹17 Cr | Dec 2021 ₹478 Cr | Mar 2022 ₹379 Cr | Jun 2022 ₹-145 Cr | Sep 2022 ₹296 Cr | Dec 2022 ₹111 Cr | Mar 2023 ₹217 Cr | Jun 2023 ₹354 Cr | Sep 2023 ₹417 Cr | Dec 2023 ₹298 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹328 Cr | Sep 2024 ₹508 Cr | Dec 2024 ₹234 Cr | Mar 2025 ₹153 Cr | Jun 2025 ₹394 Cr | Sep 2025 ₹333 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹-1 Cr | Jun 2026 — - GPC: Sep 2021 ₹229 Cr | Dec 2021 ₹256 Cr | Mar 2022 ₹246 Cr | Jun 2022 ₹373 Cr | Sep 2022 ₹312 Cr | Dec 2022 ₹252 Cr | Mar 2023 ₹304 Cr | Jun 2023 ₹344 Cr | Sep 2023 ₹351 Cr | Dec 2023 ₹317 Cr | Mar 2024 ₹249 Cr | Jun 2024 ₹296 Cr | Sep 2024 ₹227 Cr | Dec 2024 ₹133 Cr | Mar 2025 ₹194 Cr | Jun 2025 ₹255 Cr | Sep 2025 ₹226 Cr | Dec 2025 ₹-609 Cr | Mar 2026 ₹189 Cr | Jun 2026 — - BWA: Sep 2021 ₹117 Cr | Dec 2021 ₹154 Cr | Mar 2022 ₹224 Cr | Jun 2022 ₹231 Cr | Sep 2022 ₹292 Cr | Dec 2022 ₹279 Cr | Mar 2023 ₹230 Cr | Jun 2023 ₹222 Cr | Sep 2023 ₹68 Cr | Dec 2023 ₹175 Cr | Mar 2024 ₹221 Cr | Jun 2024 ₹317 Cr | Sep 2024 ₹249 Cr | Dec 2024 ₹-388 Cr | Mar 2025 ₹171 Cr | Jun 2025 ₹232 Cr | Sep 2025 ₹173 Cr | Dec 2025 ₹-241 Cr | Mar 2026 ₹255 Cr | Jun 2026 — - APTV: Sep 2021 ₹104 Cr | Dec 2021 ₹39 Cr | Mar 2022 ₹90 Cr | Jun 2022 ₹-72 Cr | Sep 2022 ₹306 Cr | Dec 2022 ₹266 Cr | Mar 2023 ₹164 Cr | Jun 2023 ₹246 Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹919 Cr | Mar 2024 ₹224 Cr | Jun 2024 ₹943 Cr | Sep 2024 ₹368 Cr | Dec 2024 ₹275 Cr | Mar 2025 ₹-11 Cr | Jun 2025 ₹397 Cr | Sep 2025 ₹-352 Cr | Dec 2025 ₹147 Cr | Mar 2026 ₹191 Cr | Jun 2026 — - AUR: Sep 2021 ₹-133 Cr | Dec 2021 ₹-251 Cr | Mar 2022 ₹-77 Cr | Jun 2022 ₹-1.2K Cr | Sep 2022 ₹-198 Cr | Dec 2022 ₹-294 Cr | Mar 2023 ₹-196 Cr | Jun 2023 ₹-218 Cr | Sep 2023 ₹-190 Cr | Dec 2023 ₹-192 Cr | Mar 2024 ₹-165 Cr | Jun 2024 ₹-182 Cr | Sep 2024 ₹-208 Cr | Dec 2024 ₹-193 Cr | Mar 2025 ₹-208 Cr | Jun 2025 ₹-201 Cr | Sep 2025 ₹-201 Cr | Dec 2025 ₹-206 Cr | Mar 2026 ₹-223 Cr | Jun 2026 — - ALSN: Sep 2021 ₹94 Cr | Dec 2021 ₹118 Cr | Mar 2022 ₹129 Cr | Jun 2022 ₹122 Cr | Sep 2022 ₹139 Cr | Dec 2022 ₹141 Cr | Mar 2023 ₹170 Cr | Jun 2023 ₹175 Cr | Sep 2023 ₹158 Cr | Dec 2023 ₹170 Cr | Mar 2024 ₹169 Cr | Jun 2024 ₹187 Cr | Sep 2024 ₹200 Cr | Dec 2024 ₹175 Cr | Mar 2025 ₹192 Cr | Jun 2025 ₹195 Cr | Sep 2025 ₹137 Cr | Dec 2025 ₹99 Cr | Mar 2026 ₹112 Cr | Jun 2026 — - MOD: Sep 2021 ₹11 Cr | Dec 2021 ₹75 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹42 Cr | Mar 2023 ₹-6 Cr | Jun 2023 ₹75 Cr | Sep 2023 ₹73 Cr | Dec 2023 ₹66 Cr | Mar 2024 ₹53 Cr | Jun 2024 ₹85 Cr | Sep 2024 ₹86 Cr | Dec 2024 ₹67 Cr | Mar 2025 ₹84 Cr | Jun 2025 ₹80 Cr | Sep 2025 ₹83 Cr | Dec 2025 ₹-30 Cr | Mar 2026 ₹118 Cr | Jun 2026 — - ALV: Sep 2021 ₹60 Cr | Dec 2021 ₹115 Cr | Mar 2022 ₹83 Cr | Jun 2022 ₹79 Cr | Sep 2022 ₹106 Cr | Dec 2022 ₹156 Cr | Mar 2023 ₹74 Cr | Jun 2023 ₹53 Cr | Sep 2023 ₹134 Cr | Dec 2023 ₹227 Cr | Mar 2024 ₹127 Cr | Jun 2024 ₹139 Cr | Sep 2024 ₹139 Cr | Dec 2024 ₹243 Cr | Mar 2025 ₹167 Cr | Jun 2025 ₹168 Cr | Sep 2025 ₹175 Cr | Dec 2025 ₹226 Cr | Mar 2026 ₹142 Cr | Jun 2026 — - LEA: Sep 2021 ₹190 Cr | Dec 2021 ₹-7 Cr | Mar 2022 — | Jun 2022 ₹56 Cr | Sep 2022 ₹81 Cr | Dec 2022 ₹113 Cr | Mar 2023 — | Jun 2023 ₹154 Cr | Sep 2023 ₹171 Cr | Dec 2023 ₹130 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹180 Cr | Sep 2024 ₹144 Cr | Dec 2024 ₹102 Cr | Mar 2025 ₹90 Cr | Jun 2025 ₹176 Cr | Sep 2025 ₹114 Cr | Dec 2025 ₹95 Cr | Mar 2026 — | Jun 2026 ₹178 Cr - MBLY: Sep 2021 ₹-26 Cr | Dec 2021 ₹-53 Cr | Mar 2022 — | Jun 2022 ₹-60 Cr | Sep 2022 ₹-7 Cr | Dec 2022 ₹-45 Cr | Mar 2023 — | Jun 2023 ₹-79 Cr | Sep 2023 ₹-28 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹-218 Cr | Jun 2024 ₹-86 Cr | Sep 2024 ₹-2.7K Cr | Dec 2024 ₹-71 Cr | Mar 2025 ₹-102 Cr | Jun 2025 ₹-67 Cr | Sep 2025 ₹-96 Cr | Dec 2025 ₹-127 Cr | Mar 2026 ₹-3.8K Cr | Jun 2026 — - LKQ: Sep 2021 ₹284 Cr | Dec 2021 ₹235 Cr | Mar 2022 ₹269 Cr | Jun 2022 ₹420 Cr | Sep 2022 ₹261 Cr | Dec 2022 ₹194 Cr | Mar 2023 ₹267 Cr | Jun 2023 ₹280 Cr | Sep 2023 ₹207 Cr | Dec 2023 ₹175 Cr | Mar 2024 ₹160 Cr | Jun 2024 ₹184 Cr | Sep 2024 ₹188 Cr | Dec 2024 ₹152 Cr | Mar 2025 ₹158 Cr | Jun 2025 ₹192 Cr | Sep 2025 ₹178 Cr | Dec 2025 ₹75 Cr | Mar 2026 ₹77 Cr | Jun 2026 — - GTX: Sep 2021 ₹63 Cr | Dec 2021 ₹128 Cr | Mar 2022 ₹88 Cr | Jun 2022 ₹85 Cr | Sep 2022 ₹105 Cr | Dec 2022 ₹112 Cr | Mar 2023 ₹81 Cr | Jun 2023 ₹71 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹52 Cr | Mar 2024 ₹66 Cr | Jun 2024 ₹64 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹100 Cr | Mar 2025 ₹62 Cr | Jun 2025 ₹87 Cr | Sep 2025 ₹77 Cr | Dec 2025 ₹84 Cr | Mar 2026 ₹95 Cr | Jun 2026 — - GNTX: Sep 2021 ₹77 Cr | Dec 2021 ₹84 Cr | Mar 2022 ₹88 Cr | Jun 2022 ₹72 Cr | Sep 2022 ₹73 Cr | Dec 2022 ₹86 Cr | Mar 2023 ₹98 Cr | Jun 2023 ₹109 Cr | Sep 2023 ₹105 Cr | Dec 2023 ₹117 Cr | Mar 2024 ₹108 Cr | Jun 2024 ₹86 Cr | Sep 2024 ₹123 Cr | Dec 2024 ₹88 Cr | Mar 2025 ₹95 Cr | Jun 2025 ₹96 Cr | Sep 2025 ₹101 Cr | Dec 2025 ₹93 Cr | Mar 2026 ₹98 Cr | Jun 2026 — - DORM: Sep 2021 ₹33 Cr | Dec 2021 ₹34 Cr | Mar 2022 ₹35 Cr | Jun 2022 ₹38 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹18 Cr | Mar 2023 — | Jun 2023 ₹6 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹50 Cr | Mar 2024 ₹33 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹55 Cr | Dec 2024 ₹55 Cr | Mar 2025 ₹58 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹76 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹44 Cr | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 ₹35 Cr | Jun 2022 ₹49 Cr | Sep 2022 ₹50 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹53 Cr | Jun 2023 ₹46 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹35 Cr | Mar 2024 ₹46 Cr | Jun 2024 ₹56 Cr | Sep 2024 ₹44 Cr | Dec 2024 ₹40 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹60 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹48 Cr | Mar 2026 ₹48 Cr | Jun 2026 — - AAP: Sep 2021 ₹179 Cr | Dec 2021 ₹170 Cr | Mar 2022 ₹438 Cr | Jun 2022 ₹140 Cr | Sep 2022 ₹144 Cr | Dec 2022 ₹116 Cr | Mar 2023 — | Jun 2023 ₹48 Cr | Sep 2023 ₹79 Cr | Dec 2023 ₹-74 Cr | Mar 2024 — | Jun 2024 ₹17 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹-25 Cr | Mar 2025 — | Jun 2025 ₹24 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹30 Cr | Jun 2026 ₹24 Cr - QS: Sep 2021 ₹15 Cr | Dec 2021 ₹-67 Cr | Mar 2022 ₹-90 Cr | Jun 2022 ₹-95 Cr | Sep 2022 ₹-118 Cr | Dec 2022 ₹-109 Cr | Mar 2023 ₹-105 Cr | Jun 2023 ₹-117 Cr | Sep 2023 ₹-111 Cr | Dec 2023 ₹-113 Cr | Mar 2024 ₹-121 Cr | Jun 2024 ₹-123 Cr | Sep 2024 ₹-120 Cr | Dec 2024 ₹-115 Cr | Mar 2025 ₹-114 Cr | Jun 2025 ₹-115 Cr | Sep 2025 ₹-106 Cr | Dec 2025 ₹-100 Cr | Mar 2026 ₹-101 Cr | Jun 2026 — - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹95 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹78 Cr | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹57 Cr | Jun 2022 ₹41 Cr | Sep 2022 ₹89 Cr | Dec 2022 ₹75 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹-1 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹46 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹45 Cr | Mar 2026 ₹37 Cr | Jun 2026 — - DAN: Sep 2021 ₹50 Cr | Dec 2021 ₹29 Cr | Mar 2022 ₹20 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹-163 Cr | Dec 2022 ₹-178 Cr | Mar 2023 ₹31 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹25 Cr | Dec 2023 ₹-44 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹-76 Cr | Mar 2025 ₹30 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹87 Cr | Dec 2025 ₹-46 Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - VC: Sep 2021 ₹7 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹49 Cr | Dec 2022 ₹35 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹23 Cr | Sep 2023 ₹71 Cr | Dec 2023 ₹373 Cr | Mar 2024 ₹44 Cr | Jun 2024 ₹75 Cr | Sep 2024 ₹40 Cr | Dec 2024 ₹125 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹69 Cr | Sep 2025 ₹59 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹33 Cr | Jun 2026 — - GT: Sep 2021 ₹134 Cr | Dec 2021 ₹557 Cr | Mar 2022 ₹96 Cr | Jun 2022 ₹170 Cr | Sep 2022 ₹48 Cr | Dec 2022 ₹-105 Cr | Mar 2023 ₹-99 Cr | Jun 2023 ₹-208 Cr | Sep 2023 ₹-84 Cr | Dec 2023 ₹-296 Cr | Mar 2024 ₹-58 Cr | Jun 2024 ₹73 Cr | Sep 2024 ₹-36 Cr | Dec 2024 ₹68 Cr | Mar 2025 ₹118 Cr | Jun 2025 ₹281 Cr | Sep 2025 ₹-2.2K Cr | Dec 2025 ₹98 Cr | Mar 2026 ₹-246 Cr | Jun 2026 — - ADNT: Sep 2021 ₹972 Cr | Dec 2021 ₹-30 Cr | Mar 2022 ₹-60 Cr | Jun 2022 ₹-20 Cr | Sep 2022 ₹70 Cr | Dec 2022 ₹33 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹95 Cr | Sep 2023 ₹157 Cr | Dec 2023 ₹45 Cr | Mar 2024 ₹-49 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹100 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹-313 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹38 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹44 Cr | Jun 2026 — - THRM: Sep 2021 ₹16 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹7 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹-4 Cr | Mar 2023 ₹8 Cr | Jun 2023 ₹-2 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹15 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹16 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹4 Cr | Jun 2026 — - DCH: Sep 2021 ₹-2 Cr | Dec 2021 ₹-46 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹27 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹-17 Cr | Dec 2023 ₹-19 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹-14 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹39 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹-75 Cr | Mar 2026 ₹-100 Cr | Jun 2026 — - XPEL: Sep 2021 ₹8 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹11 Cr | Jun 2023 ₹16 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - PLOW: Sep 2021 ₹7 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹-4 Cr | Jun 2022 ₹18 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹-13 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹-8 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹32 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹6 Cr | Jun 2026 — ### 20-quarter Profit growth history - ORLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1.4% | Sep 2022 4.7% | Dec 2022 1.9% | Mar 2023 7.3% | Jun 2023 8.7% | Sep 2023 11% | Dec 2023 4.5% | Mar 2024 5.8% | Jun 2024 -0.6% | Sep 2024 2.3% | Dec 2024 -0.4% | Mar 2025 -1.7% | Jun 2025 7.4% | Sep 2025 9.2% | Dec 2025 9.8% | Mar 2026 12% | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.1% | Dec 2022 -2.9% | Mar 2023 1.1% | Jun 2023 9.3% | Sep 2023 6.8% | Dec 2023 10% | Mar 2024 8.0% | Jun 2024 0.6% | Sep 2024 4.3% | Dec 2024 -4.7% | Mar 2025 -5.2% | Jun 2025 -6.8% | Sep 2025 -7.2% | Dec 2025 -6.0% | Mar 2026 -3.9% | Jun 2026 5.4% - MGA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -133% | Sep 2022 1,641% | Dec 2022 -77% | Mar 2023 -43% | Jun 2023 — | Sep 2023 41% | Dec 2023 168% | Mar 2024 -88% | Jun 2024 -7.3% | Sep 2024 22% | Dec 2024 -21% | Mar 2025 488% | Jun 2025 20% | Sep 2025 -34% | Dec 2025 -99% | Mar 2026 -101% | Jun 2026 — - GPC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 90% | Sep 2022 36% | Dec 2022 -1.6% | Mar 2023 24% | Jun 2023 -7.8% | Sep 2023 13% | Dec 2023 26% | Mar 2024 -18% | Jun 2024 -14% | Sep 2024 -35% | Dec 2024 -58% | Mar 2025 -22% | Jun 2025 -14% | Sep 2025 -0.4% | Dec 2025 -558% | Mar 2026 -2.6% | Jun 2026 — - BWA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 150% | Dec 2022 81% | Mar 2023 2.7% | Jun 2023 -3.9% | Sep 2023 -77% | Dec 2023 -37% | Mar 2024 -3.9% | Jun 2024 43% | Sep 2024 266% | Dec 2024 -322% | Mar 2025 -23% | Jun 2025 -27% | Sep 2025 -31% | Dec 2025 — | Mar 2026 49% | Jun 2026 — - APTV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -143% | Sep 2022 194% | Dec 2022 582% | Mar 2023 82% | Jun 2023 — | Sep 2023 435% | Dec 2023 245% | Mar 2024 37% | Jun 2024 283% | Sep 2024 -78% | Dec 2024 -70% | Mar 2025 -105% | Jun 2025 -58% | Sep 2025 -196% | Dec 2025 -47% | Mar 2026 — | Jun 2026 — - ALSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 48% | Dec 2022 19% | Mar 2023 32% | Jun 2023 43% | Sep 2023 14% | Dec 2023 21% | Mar 2024 -0.6% | Jun 2024 6.9% | Sep 2024 27% | Dec 2024 2.9% | Mar 2025 14% | Jun 2025 4.3% | Sep 2025 -32% | Dec 2025 -43% | Mar 2026 -42% | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 243% | Sep 2022 236% | Dec 2022 -44% | Mar 2023 -125% | Jun 2023 213% | Sep 2023 97% | Dec 2023 57% | Mar 2024 — | Jun 2024 13% | Sep 2024 18% | Dec 2024 1.5% | Mar 2025 58% | Jun 2025 -5.9% | Sep 2025 -3.5% | Dec 2025 -145% | Mar 2026 40% | Jun 2026 — - ALV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -25% | Sep 2022 77% | Dec 2022 36% | Mar 2023 -11% | Jun 2023 -33% | Sep 2023 26% | Dec 2023 46% | Mar 2024 72% | Jun 2024 162% | Sep 2024 3.7% | Dec 2024 7.1% | Mar 2025 32% | Jun 2025 21% | Sep 2025 26% | Dec 2025 -7.0% | Mar 2026 -15% | Jun 2026 — - LEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -57% | Dec 2022 — | Mar 2023 — | Jun 2023 175% | Sep 2023 111% | Dec 2023 15% | Mar 2024 — | Jun 2024 17% | Sep 2024 -16% | Dec 2024 -22% | Mar 2025 -22% | Jun 2025 -2.2% | Sep 2025 -21% | Dec 2025 -6.9% | Mar 2026 — | Jun 2026 1.1% - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -745% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - LKQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 37% | Sep 2022 -8.1% | Dec 2022 -17% | Mar 2023 -0.7% | Jun 2023 -33% | Sep 2023 -21% | Dec 2023 -9.8% | Mar 2024 -40% | Jun 2024 -34% | Sep 2024 -9.2% | Dec 2024 -13% | Mar 2025 -1.3% | Jun 2025 4.4% | Sep 2025 -5.3% | Dec 2025 -51% | Mar 2026 -51% | Jun 2026 — - GTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -79% | Sep 2022 67% | Dec 2022 -13% | Mar 2023 -8.0% | Jun 2023 -16% | Sep 2023 -46% | Dec 2023 -54% | Mar 2024 -19% | Jun 2024 -9.9% | Sep 2024 -8.8% | Dec 2024 92% | Mar 2025 -6.1% | Jun 2025 36% | Sep 2025 48% | Dec 2025 -16% | Mar 2026 53% | Jun 2026 — - GNTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 -5.2% | Dec 2022 2.4% | Mar 2023 11% | Jun 2023 51% | Sep 2023 44% | Dec 2023 36% | Mar 2024 10% | Jun 2024 -21% | Sep 2024 17% | Dec 2024 -25% | Mar 2025 -12% | Jun 2025 12% | Sep 2025 -18% | Dec 2025 5.7% | Mar 2026 3.2% | Jun 2026 — - DORM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 -6.1% | Dec 2022 -47% | Mar 2023 — | Jun 2023 -84% | Sep 2023 6.5% | Dec 2023 178% | Mar 2024 — | Jun 2024 683% | Sep 2024 67% | Dec 2024 10% | Mar 2025 76% | Jun 2025 26% | Sep 2025 38% | Dec 2025 -78% | Mar 2026 -24% | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -14% | Sep 2022 — | Dec 2022 — | Mar 2023 51% | Jun 2023 -6.1% | Sep 2023 -24% | Dec 2023 -2.8% | Mar 2024 -13% | Jun 2024 22% | Sep 2024 16% | Dec 2024 14% | Mar 2025 -2.2% | Jun 2025 7.1% | Sep 2025 25% | Dec 2025 20% | Mar 2026 6.7% | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -20% | Dec 2022 -32% | Mar 2023 — | Jun 2023 -66% | Sep 2023 -45% | Dec 2023 -164% | Mar 2024 — | Jun 2024 -65% | Sep 2024 -61% | Dec 2024 — | Mar 2025 — | Jun 2025 41% | Sep 2025 -52% | Dec 2025 — | Mar 2026 — | Jun 2026 0.0% - QS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -217% | Sep 2022 -887% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 -18% | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -39% | Jun 2023 -15% | Sep 2023 -101% | Dec 2023 -56% | Mar 2024 -17% | Jun 2024 -60% | Sep 2024 — | Dec 2024 -85% | Mar 2025 -10% | Jun 2025 229% | Sep 2025 -58% | Dec 2025 800% | Mar 2026 42% | Jun 2026 — - DAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -81% | Sep 2022 -426% | Dec 2022 -714% | Mar 2023 55% | Jun 2023 260% | Sep 2023 — | Dec 2023 — | Mar 2024 -106% | Jun 2024 -56% | Sep 2024 -56% | Dec 2024 — | Mar 2025 — | Jun 2025 94% | Sep 2025 691% | Dec 2025 — | Mar 2026 3,537% | Jun 2026 — - VC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 600% | Dec 2022 0.0% | Mar 2023 65% | Jun 2023 0.0% | Sep 2023 45% | Dec 2023 966% | Mar 2024 16% | Jun 2024 226% | Sep 2024 -44% | Dec 2024 -66% | Mar 2025 57% | Jun 2025 -8.0% | Sep 2025 48% | Dec 2025 -86% | Mar 2026 -52% | Jun 2026 — - GT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 139% | Sep 2022 -64% | Dec 2022 -119% | Mar 2023 -203% | Jun 2023 -222% | Sep 2023 -275% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 285% | Sep 2025 — | Dec 2025 44% | Mar 2026 -308% | Jun 2026 — - ADNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -93% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 124% | Dec 2023 36% | Mar 2024 -590% | Jun 2024 -95% | Sep 2024 -36% | Dec 2024 -44% | Mar 2025 — | Jun 2025 1,080% | Sep 2025 -62% | Dec 2025 -104% | Mar 2026 — | Jun 2026 — - THRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -72% | Sep 2022 -38% | Dec 2022 -120% | Mar 2023 -33% | Jun 2023 -129% | Sep 2023 60% | Dec 2023 — | Mar 2024 88% | Jun 2024 — | Sep 2024 0.0% | Dec 2024 -17% | Mar 2025 -100% | Jun 2025 -100% | Sep 2025 -6.3% | Dec 2025 -80% | Mar 2026 — | Jun 2026 — - DCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 44% | Sep 2022 — | Dec 2022 — | Mar 2023 -600% | Jun 2023 -65% | Sep 2023 -163% | Dec 2023 -236% | Mar 2024 — | Jun 2024 125% | Sep 2024 — | Dec 2024 — | Mar 2025 -67% | Jun 2025 117% | Sep 2025 -10% | Dec 2025 — | Mar 2026 -1,529% | Jun 2026 — - XPEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 63% | Dec 2022 33% | Mar 2023 38% | Jun 2023 33% | Sep 2023 7.7% | Dec 2023 50% | Mar 2024 -36% | Jun 2024 -6.3% | Sep 2024 7.1% | Dec 2024 -25% | Mar 2025 29% | Jun 2025 6.7% | Sep 2025 -13% | Dec 2025 56% | Mar 2026 22% | Jun 2026 — - PLOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 86% | Dec 2022 33% | Mar 2023 — | Jun 2023 33% | Sep 2023 -54% | Dec 2023 -42% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 433% | Dec 2024 14% | Mar 2025 — | Jun 2025 8.3% | Sep 2025 -75% | Dec 2025 63% | Mar 2026 — | Jun 2026 — ## Capacity Spending & Returns On It What the numbers say: AutoZone, Inc. reports $346 million of CAPEX; Aurora Innovation, Inc. has the highest covered intensity at 2500%. Coverage is only 29 of 29 companies and 526 reported observations, so this is partial evidence—not a complete sector rank. Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation. This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns. Evidence: AutoZone, Inc. · $346 million | 41.8% versus #2 · O'Reilly Automotive, Inc. | 8/8 recent comparable periods | 29/29 companies · 526 observations Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns. ### CAPEX — largest spenders 1. AutoZone, Inc. (AZO): ₹346 Cr 2. O'Reilly Automotive, Inc. (ORLY): ₹244 Cr 3. Aptiv PLC (APTV): ₹219 Cr 4. Magna International Inc. (MGA): ₹219 Cr 5. The Goodyear Tire & Rubber Company (GT): ₹175 Cr ### CAPEX intensity — highest reinvestment intensity 1. Aurora Innovation, Inc. (AUR): 2,500% 2. XPEL, Inc. (XPEL): 8.5% 3. AutoZone, Inc. (AZO): 7.1% 4. Mobileye Global Inc. (MBLY): 5.4% 5. O'Reilly Automotive, Inc. (ORLY): 5.3% ### 20-quarter CAPEX history - ORLY: Sep 2021 ₹118 Cr | Dec 2021 ₹102 Cr | Mar 2022 ₹104 Cr | Jun 2022 ₹125 Cr | Sep 2022 ₹160 Cr | Dec 2022 ₹175 Cr | Mar 2023 ₹223 Cr | Jun 2023 ₹238 Cr | Sep 2023 ₹293 Cr | Dec 2023 ₹252 Cr | Mar 2024 ₹249 Cr | Jun 2024 ₹225 Cr | Sep 2024 ₹258 Cr | Dec 2024 ₹290 Cr | Mar 2025 ₹287 Cr | Jun 2025 ₹301 Cr | Sep 2025 ₹312 Cr | Dec 2025 ₹269 Cr | Mar 2026 ₹244 Cr | Jun 2026 — - AZO: Sep 2021 ₹246 Cr | Dec 2021 ₹102 Cr | Mar 2022 ₹106 Cr | Jun 2022 ₹161 Cr | Sep 2022 ₹303 Cr | Dec 2022 ₹114 Cr | Mar 2023 ₹145 Cr | Jun 2023 ₹171 Cr | Sep 2023 ₹366 Cr | Dec 2023 ₹235 Cr | Mar 2024 ₹255 Cr | Jun 2024 ₹235 Cr | Sep 2024 ₹347 Cr | Dec 2024 ₹247 Cr | Mar 2025 ₹293 Cr | Jun 2025 ₹346 Cr | Sep 2025 ₹442 Cr | Dec 2025 ₹314 Cr | Mar 2026 ₹338 Cr | Jun 2026 ₹346 Cr - MGA: Sep 2021 ₹334 Cr | Dec 2021 ₹549 Cr | Mar 2022 ₹238 Cr | Jun 2022 ₹329 Cr | Sep 2022 ₹364 Cr | Dec 2022 ₹750 Cr | Mar 2023 ₹424 Cr | Jun 2023 ₹502 Cr | Sep 2023 ₹630 Cr | Dec 2023 ₹944 Cr | Mar 2024 ₹493 Cr | Jun 2024 ₹500 Cr | Sep 2024 ₹476 Cr | Dec 2024 ₹709 Cr | Mar 2025 ₹268 Cr | Jun 2025 ₹246 Cr | Sep 2025 ₹267 Cr | Dec 2025 ₹532 Cr | Mar 2026 ₹219 Cr | Jun 2026 — - GPC: Sep 2021 ₹48 Cr | Dec 2021 ₹128 Cr | Mar 2022 ₹78 Cr | Jun 2022 ₹75 Cr | Sep 2022 ₹91 Cr | Dec 2022 ₹96 Cr | Mar 2023 ₹88 Cr | Jun 2023 ₹117 Cr | Sep 2023 ₹145 Cr | Dec 2023 ₹163 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹144 Cr | Sep 2024 ₹126 Cr | Dec 2024 ₹182 Cr | Mar 2025 ₹120 Cr | Jun 2025 ₹129 Cr | Sep 2025 ₹102 Cr | Dec 2025 ₹119 Cr | Mar 2026 ₹98 Cr | Jun 2026 ₹108 Cr - BWA: Sep 2021 ₹152 Cr | Dec 2021 ₹172 Cr | Mar 2022 ₹177 Cr | Jun 2022 ₹154 Cr | Sep 2022 ₹180 Cr | Dec 2022 ₹195 Cr | Mar 2023 ₹239 Cr | Jun 2023 ₹200 Cr | Sep 2023 ₹185 Cr | Dec 2023 ₹208 Cr | Mar 2024 ₹190 Cr | Jun 2024 ₹165 Cr | Sep 2024 ₹155 Cr | Dec 2024 ₹161 Cr | Mar 2025 ₹119 Cr | Jun 2025 ₹77 Cr | Sep 2025 ₹111 Cr | Dec 2025 ₹162 Cr | Mar 2026 ₹143 Cr | Jun 2026 — - APTV: Sep 2021 ₹169 Cr | Dec 2021 ₹181 Cr | Mar 2022 ₹247 Cr | Jun 2022 ₹207 Cr | Sep 2022 ₹212 Cr | Dec 2022 ₹178 Cr | Mar 2023 ₹269 Cr | Jun 2023 ₹222 Cr | Sep 2023 ₹212 Cr | Dec 2023 ₹203 Cr | Mar 2024 ₹265 Cr | Jun 2024 ₹226 Cr | Sep 2024 ₹173 Cr | Dec 2024 ₹166 Cr | Mar 2025 ₹197 Cr | Jun 2025 ₹149 Cr | Sep 2025 ₹143 Cr | Dec 2025 ₹167 Cr | Mar 2026 ₹219 Cr | Jun 2026 — - AUR: Sep 2021 ₹19 Cr | Dec 2021 ₹16 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹25 Cr | Jun 2026 — - ALSN: Sep 2021 ₹43 Cr | Dec 2021 ₹63 Cr | Mar 2022 ₹20 Cr | Jun 2022 ₹30 Cr | Sep 2022 ₹25 Cr | Dec 2022 ₹92 Cr | Mar 2023 ₹24 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹52 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹36 Cr | Dec 2024 ₹75 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹44 Cr | Dec 2025 ₹74 Cr | Mar 2026 ₹53 Cr | Jun 2026 — - MOD: Sep 2021 ₹9 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹10 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹44 Cr | Jun 2024 ₹27 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹28 Cr | Jun 2025 ₹28 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹42 Cr | Mar 2026 ₹42 Cr | Jun 2026 — - ALV: Sep 2021 ₹113 Cr | Dec 2021 ₹154 Cr | Mar 2022 ₹112 Cr | Jun 2022 ₹142 Cr | Sep 2022 ₹164 Cr | Dec 2022 ₹168 Cr | Mar 2023 ₹144 Cr | Jun 2023 ₹125 Cr | Sep 2023 ₹152 Cr | Dec 2023 ₹152 Cr | Mar 2024 ₹140 Cr | Jun 2024 ₹154 Cr | Sep 2024 ₹146 Cr | Dec 2024 ₹139 Cr | Mar 2025 ₹102 Cr | Jun 2025 ₹115 Cr | Sep 2025 ₹106 Cr | Dec 2025 ₹118 Cr | Mar 2026 ₹85 Cr | Jun 2026 ₹95 Cr - LEA: Sep 2021 ₹140 Cr | Dec 2021 ₹153 Cr | Mar 2022 — | Jun 2022 ₹130 Cr | Sep 2022 ₹172 Cr | Dec 2022 ₹140 Cr | Mar 2023 — | Jun 2023 ₹112 Cr | Sep 2023 ₹168 Cr | Dec 2023 ₹193 Cr | Mar 2024 ₹114 Cr | Jun 2024 ₹121 Cr | Sep 2024 ₹132 Cr | Dec 2024 ₹192 Cr | Mar 2025 ₹104 Cr | Jun 2025 ₹125 Cr | Sep 2025 ₹137 Cr | Dec 2025 ₹195 Cr | Mar 2026 — | Jun 2026 ₹125 Cr - MBLY: Sep 2021 — | Dec 2021 ₹45 Cr | Mar 2022 — | Jun 2022 ₹27 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹26 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹23 Cr | Mar 2024 ₹22 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹14 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹24 Cr | Dec 2025 ₹27 Cr | Mar 2026 ₹30 Cr | Jun 2026 ₹21 Cr - LKQ: Sep 2021 ₹45 Cr | Dec 2021 ₹160 Cr | Mar 2022 ₹59 Cr | Jun 2022 ₹40 Cr | Sep 2022 ₹49 Cr | Dec 2022 ₹74 Cr | Mar 2023 ₹70 Cr | Jun 2023 ₹66 Cr | Sep 2023 ₹97 Cr | Dec 2023 ₹125 Cr | Mar 2024 ₹66 Cr | Jun 2024 ₹80 Cr | Sep 2024 ₹79 Cr | Dec 2024 ₹86 Cr | Mar 2025 ₹54 Cr | Jun 2025 ₹53 Cr | Sep 2025 ₹53 Cr | Dec 2025 ₹56 Cr | Mar 2026 ₹40 Cr | Jun 2026 — - GTX: Sep 2021 ₹34 Cr | Dec 2021 ₹2 Cr | Mar 2022 — | Jun 2022 ₹52 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹8 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹83 Cr | Mar 2024 — | Jun 2024 ₹49 Cr | Sep 2024 ₹49 Cr | Dec 2024 ₹91 Cr | Mar 2025 — | Jun 2025 ₹41 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹21 Cr | Mar 2026 ₹29 Cr | Jun 2026 — - GNTX: Sep 2021 ₹13 Cr | Dec 2021 ₹24 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹50 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹43 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹31 Cr | Dec 2023 ₹62 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹39 Cr | Dec 2024 ₹42 Cr | Mar 2025 ₹37 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹36 Cr | Dec 2025 ₹26 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - DORM: Sep 2021 ₹5 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹7 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹8 Cr | Dec 2022 ₹14 Cr | Mar 2023 — | Jun 2023 ₹11 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹8 Cr | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 ₹5 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹16 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹16 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹13 Cr | Jun 2026 — - AAP: Sep 2021 ₹59 Cr | Dec 2021 ₹61 Cr | Mar 2022 ₹99 Cr | Jun 2022 ₹115 Cr | Sep 2022 ₹96 Cr | Dec 2022 ₹122 Cr | Mar 2023 — | Jun 2023 ₹90 Cr | Sep 2023 ₹55 Cr | Dec 2023 ₹42 Cr | Mar 2024 — | Jun 2024 ₹46 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹43 Cr | Mar 2025 — | Jun 2025 ₹42 Cr | Sep 2025 ₹53 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹93 Cr | Jun 2026 ₹56 Cr - QS: Sep 2021 ₹39 Cr | Dec 2021 ₹45 Cr | Mar 2022 ₹39 Cr | Jun 2022 ₹28 Cr | Sep 2022 ₹54 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹28 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹10 Cr | Jun 2026 ₹5 Cr - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹37 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹66 Cr | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹30 Cr | Jun 2022 ₹30 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹37 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹43 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹25 Cr | Dec 2024 ₹20 Cr | Mar 2025 ₹35 Cr | Jun 2025 ₹34 Cr | Sep 2025 ₹26 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹32 Cr | Jun 2026 — - DAN: Sep 2021 ₹95 Cr | Dec 2021 ₹141 Cr | Mar 2022 ₹116 Cr | Jun 2022 ₹90 Cr | Sep 2022 ₹94 Cr | Dec 2022 ₹140 Cr | Mar 2023 ₹120 Cr | Jun 2023 ₹122 Cr | Sep 2023 ₹117 Cr | Dec 2023 ₹142 Cr | Mar 2024 ₹70 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹114 Cr | Mar 2025 ₹67 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹49 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹62 Cr | Jun 2026 — - VC: Sep 2021 ₹21 Cr | Dec 2021 ₹16 Cr | Mar 2022 ₹21 Cr | Jun 2022 ₹15 Cr | Sep 2022 ₹18 Cr | Dec 2022 ₹27 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹31 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹37 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹41 Cr | Mar 2025 ₹35 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹22 Cr | Dec 2025 ₹45 Cr | Mar 2026 ₹36 Cr | Jun 2026 ₹25 Cr - GT: Sep 2021 ₹281 Cr | Dec 2021 ₹315 Cr | Mar 2022 ₹276 Cr | Jun 2022 ₹235 Cr | Sep 2022 ₹254 Cr | Dec 2022 ₹296 Cr | Mar 2023 ₹291 Cr | Jun 2023 ₹245 Cr | Sep 2023 ₹271 Cr | Dec 2023 ₹243 Cr | Mar 2024 ₹318 Cr | Jun 2024 ₹316 Cr | Sep 2024 ₹278 Cr | Dec 2024 ₹276 Cr | Mar 2025 ₹259 Cr | Jun 2025 ₹207 Cr | Sep 2025 ₹183 Cr | Dec 2025 ₹177 Cr | Mar 2026 ₹175 Cr | Jun 2026 — - ADNT: Sep 2021 ₹74 Cr | Dec 2021 ₹60 Cr | Mar 2022 ₹57 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹57 Cr | Dec 2022 ₹61 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹60 Cr | Sep 2023 ₹75 Cr | Dec 2023 ₹55 Cr | Mar 2024 ₹69 Cr | Jun 2024 ₹70 Cr | Sep 2024 ₹72 Cr | Dec 2024 ₹64 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹57 Cr | Sep 2025 ₹79 Cr | Dec 2025 ₹65 Cr | Mar 2026 ₹73 Cr | Jun 2026 — - THRM: Sep 2021 ₹9 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹23 Cr | Mar 2025 ₹15 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹6 Cr | Jun 2026 ₹9 Cr - DCH: Sep 2021 ₹33 Cr | Dec 2021 ₹65 Cr | Mar 2022 ₹29 Cr | Jun 2022 ₹43 Cr | Sep 2022 ₹47 Cr | Dec 2022 ₹54 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹44 Cr | Sep 2023 ₹48 Cr | Dec 2023 ₹56 Cr | Mar 2024 ₹48 Cr | Jun 2024 ₹49 Cr | Sep 2024 ₹73 Cr | Dec 2024 ₹78 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹57 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹66 Cr | Mar 2026 ₹104 Cr | Jun 2026 — - XPEL: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹10 Cr | Jun 2026 — - PLOW: Sep 2021 ₹3 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹3 Cr | Jun 2026 — ### 20-quarter CAPEX intensity history - ORLY: Sep 2021 3.4% | Dec 2021 3.1% | Mar 2022 3.2% | Jun 2022 3.4% | Sep 2022 4.2% | Dec 2022 4.8% | Mar 2023 6.0% | Jun 2023 5.8% | Sep 2023 7.0% | Dec 2023 6.6% | Mar 2024 6.3% | Jun 2024 5.3% | Sep 2024 5.9% | Dec 2024 7.1% | Mar 2025 6.9% | Jun 2025 6.7% | Sep 2025 6.6% | Dec 2025 6.1% | Mar 2026 5.3% | Jun 2026 — - AZO: Sep 2021 5.0% | Dec 2021 2.8% | Mar 2022 3.1% | Jun 2022 4.2% | Sep 2022 5.7% | Dec 2022 2.9% | Mar 2023 3.9% | Jun 2023 4.2% | Sep 2023 6.4% | Dec 2023 5.6% | Mar 2024 6.6% | Jun 2024 5.5% | Sep 2024 5.6% | Dec 2024 5.8% | Mar 2025 7.4% | Jun 2025 7.8% | Sep 2025 7.1% | Dec 2025 6.8% | Mar 2026 7.9% | Jun 2026 7.1% - MGA: Sep 2021 4.2% | Dec 2021 6.0% | Mar 2022 2.5% | Jun 2022 3.5% | Sep 2022 3.9% | Dec 2022 7.8% | Mar 2023 4.0% | Jun 2023 4.6% | Sep 2023 5.9% | Dec 2023 9.0% | Mar 2024 4.5% | Jun 2024 4.6% | Sep 2024 4.6% | Dec 2024 6.7% | Mar 2025 2.7% | Jun 2025 2.3% | Sep 2025 2.6% | Dec 2025 4.9% | Mar 2026 2.1% | Jun 2026 — - GPC: Sep 2021 1.0% | Dec 2021 2.7% | Mar 2022 1.5% | Jun 2022 1.3% | Sep 2022 1.6% | Dec 2022 1.7% | Mar 2023 1.5% | Jun 2023 2.0% | Sep 2023 2.5% | Dec 2023 2.9% | Mar 2024 2.0% | Jun 2024 2.4% | Sep 2024 2.1% | Dec 2024 3.2% | Mar 2025 2.0% | Jun 2025 2.1% | Sep 2025 1.6% | Dec 2025 2.0% | Mar 2026 1.6% | Jun 2026 — - BWA: Sep 2021 4.4% | Dec 2021 4.7% | Mar 2022 4.6% | Jun 2022 4.1% | Sep 2022 5.6% | Dec 2022 5.9% | Mar 2023 7.1% | Jun 2023 5.4% | Sep 2023 5.1% | Dec 2023 5.9% | Mar 2024 5.3% | Jun 2024 4.6% | Sep 2024 4.5% | Dec 2024 4.7% | Mar 2025 3.4% | Jun 2025 2.1% | Sep 2025 3.1% | Dec 2025 4.5% | Mar 2026 4.0% | Jun 2026 — - APTV: Sep 2021 4.6% | Dec 2021 4.4% | Mar 2022 5.9% | Jun 2022 5.1% | Sep 2022 4.6% | Dec 2022 3.8% | Mar 2023 5.6% | Jun 2023 4.3% | Sep 2023 4.1% | Dec 2023 4.1% | Mar 2024 5.4% | Jun 2024 4.5% | Sep 2024 3.6% | Dec 2024 3.4% | Mar 2025 4.1% | Jun 2025 2.9% | Sep 2025 2.7% | Dec 2025 3.2% | Mar 2026 4.3% | Jun 2026 — - AUR: Sep 2021 34% | Dec 2021 62% | Mar 2022 12% | Jun 2022 19% | Sep 2022 100% | Dec 2022 150% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 700% | Sep 2025 800% | Dec 2025 800% | Mar 2026 2,500% | Jun 2026 — - ALSN: Sep 2021 7.6% | Dec 2021 9.8% | Mar 2022 3.0% | Jun 2022 4.5% | Sep 2022 3.5% | Dec 2022 13% | Mar 2023 3.2% | Jun 2023 2.4% | Sep 2023 4.1% | Dec 2023 6.7% | Mar 2024 1.4% | Jun 2024 2.6% | Sep 2024 4.4% | Dec 2024 9.4% | Mar 2025 3.4% | Jun 2025 3.8% | Sep 2025 6.3% | Dec 2025 10% | Mar 2026 3.8% | Jun 2026 — - MOD: Sep 2021 1.9% | Dec 2021 2.0% | Mar 2022 1.7% | Jun 2022 1.8% | Sep 2022 2.2% | Dec 2022 2.1% | Mar 2023 2.6% | Jun 2023 2.4% | Sep 2023 1.8% | Dec 2023 3.2% | Mar 2024 7.3% | Jun 2024 4.1% | Sep 2024 2.1% | Dec 2024 2.6% | Mar 2025 4.3% | Jun 2025 4.1% | Sep 2025 4.3% | Dec 2025 5.2% | Mar 2026 4.4% | Jun 2026 — - ALV: Sep 2021 6.1% | Dec 2021 7.3% | Mar 2022 5.3% | Jun 2022 6.8% | Sep 2022 7.1% | Dec 2022 7.2% | Mar 2023 5.8% | Jun 2023 4.7% | Sep 2023 5.9% | Dec 2023 5.5% | Mar 2024 5.4% | Jun 2024 5.9% | Sep 2024 5.7% | Dec 2024 5.3% | Mar 2025 4.0% | Jun 2025 4.2% | Sep 2025 3.9% | Dec 2025 4.2% | Mar 2026 3.1% | Jun 2026 — - LEA: Sep 2021 2.9% | Dec 2021 3.6% | Mar 2022 — | Jun 2022 2.5% | Sep 2022 3.4% | Dec 2022 2.7% | Mar 2023 — | Jun 2023 1.9% | Sep 2023 2.8% | Dec 2023 3.3% | Mar 2024 1.9% | Jun 2024 2.0% | Sep 2024 2.4% | Dec 2024 3.4% | Mar 2025 1.9% | Jun 2025 2.1% | Sep 2025 2.4% | Dec 2025 3.3% | Mar 2026 — | Jun 2026 2.1% - MBLY: Sep 2021 — | Dec 2021 13% | Mar 2022 — | Jun 2022 6.9% | Sep 2022 5.7% | Dec 2022 5.8% | Mar 2023 — | Jun 2023 5.7% | Sep 2023 7.0% | Dec 2023 — | Mar 2024 9.2% | Jun 2024 5.5% | Sep 2024 4.5% | Dec 2024 2.7% | Mar 2025 3.2% | Jun 2025 2.8% | Sep 2025 4.8% | Dec 2025 6.1% | Mar 2026 5.4% | Jun 2026 — - LKQ: Sep 2021 1.4% | Dec 2021 5.0% | Mar 2022 1.8% | Jun 2022 1.2% | Sep 2022 1.6% | Dec 2022 2.5% | Mar 2023 2.1% | Jun 2023 1.9% | Sep 2023 2.7% | Dec 2023 3.6% | Mar 2024 1.8% | Jun 2024 2.2% | Sep 2024 2.3% | Dec 2024 2.7% | Mar 2025 1.6% | Jun 2025 1.5% | Sep 2025 1.5% | Dec 2025 1.7% | Mar 2026 1.2% | Jun 2026 — - GTX: Sep 2021 4.1% | Dec 2021 0.2% | Mar 2022 — | Jun 2022 6.1% | Sep 2022 2.8% | Dec 2022 1.4% | Mar 2023 0.8% | Jun 2023 0.8% | Sep 2023 0.0% | Dec 2023 8.8% | Mar 2024 — | Jun 2024 5.5% | Sep 2024 5.9% | Dec 2024 11% | Mar 2025 — | Jun 2025 4.5% | Sep 2025 1.1% | Dec 2025 2.4% | Mar 2026 2.9% | Jun 2026 — - GNTX: Sep 2021 3.3% | Dec 2021 5.7% | Mar 2022 5.1% | Jun 2022 7.3% | Sep 2022 10% | Dec 2022 7.7% | Mar 2023 7.8% | Jun 2023 8.1% | Sep 2023 5.4% | Dec 2023 11% | Mar 2024 5.4% | Jun 2024 5.6% | Sep 2024 6.4% | Dec 2024 7.7% | Mar 2025 6.4% | Jun 2025 4.7% | Sep 2025 5.5% | Dec 2025 4.0% | Mar 2026 2.5% | Jun 2026 — - DORM: Sep 2021 1.4% | Dec 2021 1.3% | Mar 2022 1.7% | Jun 2022 2.2% | Sep 2022 1.9% | Dec 2022 2.8% | Mar 2023 — | Jun 2023 2.4% | Sep 2023 2.7% | Dec 2023 2.2% | Mar 2024 2.3% | Jun 2024 2.4% | Sep 2024 1.8% | Dec 2024 1.5% | Mar 2025 2.2% | Jun 2025 1.5% | Sep 2025 1.8% | Dec 2025 1.5% | Mar 2026 1.5% | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 1.3% | Jun 2022 3.1% | Sep 2022 1.5% | Dec 2022 3.9% | Mar 2023 1.4% | Jun 2023 3.1% | Sep 2023 2.8% | Dec 2023 4.0% | Mar 2024 2.6% | Jun 2024 2.8% | Sep 2024 4.0% | Dec 2024 2.5% | Mar 2025 2.9% | Jun 2025 2.6% | Sep 2025 2.9% | Dec 2025 3.6% | Mar 2026 2.7% | Jun 2026 — - AAP: Sep 2021 2.2% | Dec 2021 2.3% | Mar 2022 4.1% | Jun 2022 3.4% | Sep 2022 3.6% | Dec 2022 4.6% | Mar 2023 — | Jun 2023 2.6% | Sep 2023 2.0% | Dec 2023 1.9% | Mar 2024 — | Jun 2024 1.7% | Sep 2024 1.9% | Dec 2024 2.0% | Mar 2025 — | Jun 2025 1.6% | Sep 2025 2.6% | Dec 2025 3.1% | Mar 2026 4.7% | Jun 2026 2.1% - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.8% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 3.0% | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 3.6% | Jun 2022 3.8% | Sep 2022 3.0% | Dec 2022 2.5% | Mar 2023 4.6% | Jun 2023 4.7% | Sep 2023 4.1% | Dec 2023 3.7% | Mar 2024 5.0% | Jun 2024 2.0% | Sep 2024 3.0% | Dec 2024 2.4% | Mar 2025 4.4% | Jun 2025 3.8% | Sep 2025 2.9% | Dec 2025 3.3% | Mar 2026 3.6% | Jun 2026 — - DAN: Sep 2021 4.3% | Dec 2021 6.2% | Mar 2022 4.7% | Jun 2022 3.5% | Sep 2022 3.7% | Dec 2022 5.5% | Mar 2023 4.5% | Jun 2023 4.4% | Sep 2023 4.4% | Dec 2023 5.7% | Mar 2024 2.6% | Jun 2024 5.4% | Sep 2024 2.0% | Dec 2024 6.4% | Mar 2025 3.8% | Jun 2025 1.5% | Sep 2025 2.6% | Dec 2025 3.3% | Mar 2026 3.3% | Jun 2026 — - VC: Sep 2021 3.3% | Dec 2021 2.0% | Mar 2022 2.6% | Jun 2022 1.8% | Sep 2022 1.8% | Dec 2022 2.5% | Mar 2023 2.2% | Jun 2023 3.1% | Sep 2023 3.1% | Dec 2023 4.3% | Mar 2024 4.0% | Jun 2024 3.1% | Sep 2024 2.9% | Dec 2024 4.4% | Mar 2025 3.7% | Jun 2025 3.2% | Sep 2025 2.4% | Dec 2025 4.7% | Mar 2026 3.8% | Jun 2026 — - GT: Sep 2021 5.7% | Dec 2021 6.2% | Mar 2022 5.6% | Jun 2022 4.5% | Sep 2022 4.8% | Dec 2022 5.5% | Mar 2023 5.9% | Jun 2023 5.0% | Sep 2023 5.3% | Dec 2023 4.7% | Mar 2024 7.0% | Jun 2024 6.9% | Sep 2024 5.8% | Dec 2024 5.6% | Mar 2025 6.1% | Jun 2025 4.6% | Sep 2025 3.9% | Dec 2025 3.6% | Mar 2026 4.5% | Jun 2026 — - ADNT: Sep 2021 2.7% | Dec 2021 1.7% | Mar 2022 1.6% | Jun 2022 1.5% | Sep 2022 1.6% | Dec 2022 1.6% | Mar 2023 1.4% | Jun 2023 1.5% | Sep 2023 2.0% | Dec 2023 1.5% | Mar 2024 1.8% | Jun 2024 1.9% | Sep 2024 2.0% | Dec 2024 1.8% | Mar 2025 1.2% | Jun 2025 1.5% | Sep 2025 2.1% | Dec 2025 1.8% | Mar 2026 1.9% | Jun 2026 — - THRM: Sep 2021 3.7% | Dec 2021 3.6% | Mar 2022 2.2% | Jun 2022 3.8% | Sep 2022 3.0% | Dec 2022 4.1% | Mar 2023 1.6% | Jun 2023 1.9% | Sep 2023 3.6% | Dec 2023 3.0% | Mar 2024 3.1% | Jun 2024 5.1% | Sep 2024 5.4% | Dec 2024 6.5% | Mar 2025 4.2% | Jun 2025 2.4% | Sep 2025 2.6% | Dec 2025 5.7% | Mar 2026 1.5% | Jun 2026 — - DCH: Sep 2021 2.7% | Dec 2021 5.3% | Mar 2022 2.0% | Jun 2022 3.0% | Sep 2022 3.1% | Dec 2022 3.9% | Mar 2023 3.1% | Jun 2023 2.8% | Sep 2023 3.1% | Dec 2023 3.8% | Mar 2024 3.0% | Jun 2024 3.0% | Sep 2024 4.9% | Dec 2024 5.6% | Mar 2025 4.9% | Jun 2025 3.7% | Sep 2025 4.3% | Dec 2025 4.8% | Mar 2026 4.4% | Jun 2026 — - XPEL: Sep 2021 2.9% | Dec 2021 2.9% | Mar 2022 2.8% | Jun 2022 2.4% | Sep 2022 2.2% | Dec 2022 2.6% | Mar 2023 2.3% | Jun 2023 1.0% | Sep 2023 1.0% | Dec 2023 1.9% | Mar 2024 2.2% | Jun 2024 1.8% | Sep 2024 0.9% | Dec 2024 1.9% | Mar 2025 1.0% | Jun 2025 0.8% | Sep 2025 0.8% | Dec 2025 0.8% | Mar 2026 8.5% | Jun 2026 — - PLOW: Sep 2021 2.3% | Dec 2021 2.6% | Mar 2022 1.9% | Jun 2022 1.6% | Sep 2022 1.8% | Dec 2022 1.9% | Mar 2023 3.6% | Jun 2023 1.4% | Sep 2023 1.4% | Dec 2023 2.2% | Mar 2024 1.0% | Jun 2024 0.5% | Sep 2024 0.8% | Dec 2024 2.8% | Mar 2025 1.7% | Jun 2025 1.5% | Sep 2025 1.9% | Dec 2025 1.6% | Mar 2026 2.2% | Jun 2026 — ## Debt Load & Balance-Sheet Headroom What the numbers say: Mobileye Global Inc. has the clearest covered balance-sheet capacity with $1,443 million net cash and gross debt of $0 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information. Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt. This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods. Evidence: Gentex Corporation · $0 million | null versus #2 · Mobileye Global Inc. | 8/8 recent comparable periods | 29/29 companies · 533 observations Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business. ### Gross debt — lowest gross debt 1. Gentex Corporation (GNTX): ₹0 Cr 2. Mobileye Global Inc. (MBLY): ₹0 Cr 3. XPEL, Inc. (XPEL): ₹21 Cr 4. QuantumScape Corporation (QS): ₹67 Cr 5. Aurora Innovation, Inc. (AUR): ₹79 Cr ### Net debt — lowest net debt 1. Mobileye Global Inc. (MBLY): ₹-1.4K Cr 2. Aurora Innovation, Inc. (AUR): ₹-1.1K Cr 3. QuantumScape Corporation (QS): ₹-792 Cr 4. Gentex Corporation (GNTX): ₹-243 Cr 5. Visteon Corporation (VC): ₹-214 Cr ### 20-quarter Gross debt history - ORLY: Sep 2021 ₹5.9K Cr | Dec 2021 ₹5.9K Cr | Mar 2022 ₹5.9K Cr | Jun 2022 ₹6.7K Cr | Sep 2022 ₹6.5K Cr | Dec 2022 ₹6.5K Cr | Mar 2023 ₹7.2K Cr | Jun 2023 ₹7.1K Cr | Sep 2023 ₹7.4K Cr | Dec 2023 ₹7.8K Cr | Mar 2024 ₹7.6K Cr | Jun 2024 ₹7.7K Cr | Sep 2024 ₹7.7K Cr | Dec 2024 ₹7.9K Cr | Mar 2025 ₹8.1K Cr | Jun 2025 ₹8.3K Cr | Sep 2025 ₹8.4K Cr | Dec 2025 ₹8.5K Cr | Mar 2026 ₹8.7K Cr | Jun 2026 — - AZO: Sep 2021 ₹8.1K Cr | Dec 2021 ₹8.2K Cr | Mar 2022 ₹8.8K Cr | Jun 2022 ₹9.0K Cr | Sep 2022 ₹9.2K Cr | Dec 2022 ₹9.4K Cr | Mar 2023 ₹10.2K Cr | Jun 2023 ₹10.5K Cr | Sep 2023 ₹10.8K Cr | Dec 2023 ₹11.8K Cr | Mar 2024 ₹11.8K Cr | Jun 2024 ₹12.3K Cr | Sep 2024 ₹12.3K Cr | Dec 2024 ₹12.3K Cr | Mar 2025 ₹12.4K Cr | Jun 2025 ₹12.2K Cr | Sep 2025 ₹12.2K Cr | Dec 2025 ₹12.1K Cr | Mar 2026 ₹12.4K Cr | Jun 2026 ₹12.6K Cr - MGA: Sep 2021 ₹5.7K Cr | Dec 2021 ₹5.7K Cr | Mar 2022 ₹5.3K Cr | Jun 2022 ₹5.1K Cr | Sep 2022 ₹4.9K Cr | Dec 2022 ₹5.1K Cr | Mar 2023 ₹6.8K Cr | Jun 2023 ₹7.4K Cr | Sep 2023 ₹7.2K Cr | Dec 2023 ₹7.2K Cr | Mar 2024 ₹7.9K Cr | Jun 2024 ₹7.5K Cr | Sep 2024 ₹7.6K Cr | Dec 2024 ₹7.1K Cr | Mar 2025 ₹7.6K Cr | Jun 2025 ₹8.1K Cr | Sep 2025 ₹7.5K Cr | Dec 2025 ₹6.7K Cr | Mar 2026 ₹6.7K Cr | Jun 2026 — - GPC: Sep 2021 ₹3.2K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹4.4K Cr | Jun 2022 ₹4.1K Cr | Sep 2022 ₹4.0K Cr | Dec 2022 ₹4.2K Cr | Mar 2023 ₹4.2K Cr | Jun 2023 ₹4.3K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹4.9K Cr | Mar 2024 ₹4.9K Cr | Jun 2024 ₹5.2K Cr | Sep 2024 ₹6.0K Cr | Dec 2024 ₹5.7K Cr | Mar 2025 ₹6.1K Cr | Jun 2025 ₹6.4K Cr | Sep 2025 ₹6.4K Cr | Dec 2025 ₹6.5K Cr | Mar 2026 ₹6.7K Cr | Jun 2026 ₹6.7K Cr - BWA: Sep 2021 ₹4.3K Cr | Dec 2021 ₹4.3K Cr | Mar 2022 ₹4.3K Cr | Jun 2022 ₹4.2K Cr | Sep 2022 ₹4.1K Cr | Dec 2022 ₹4.2K Cr | Mar 2023 ₹4.2K Cr | Jun 2023 ₹4.3K Cr | Sep 2023 ₹3.7K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹3.7K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹4.6K Cr | Dec 2024 ₹4.2K Cr | Mar 2025 ₹3.9K Cr | Jun 2025 ₹3.9K Cr | Sep 2025 ₹3.9K Cr | Dec 2025 ₹3.9K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 — - APTV: Sep 2021 ₹4.3K Cr | Dec 2021 ₹4.4K Cr | Mar 2022 ₹6.8K Cr | Jun 2022 ₹6.8K Cr | Sep 2022 ₹6.7K Cr | Dec 2022 ₹6.9K Cr | Mar 2023 ₹6.9K Cr | Jun 2023 ₹6.9K Cr | Sep 2023 ₹6.9K Cr | Dec 2023 ₹6.7K Cr | Mar 2024 ₹6.7K Cr | Jun 2024 ₹7.4K Cr | Sep 2024 ₹10.0K Cr | Dec 2024 ₹8.8K Cr | Mar 2025 ₹8.3K Cr | Jun 2025 ₹8.2K Cr | Sep 2025 ₹8.0K Cr | Dec 2025 ₹8.0K Cr | Mar 2026 ₹9.7K Cr | Jun 2026 — - AUR: Sep 2021 ₹0 Cr | Dec 2021 ₹147 Cr | Mar 2022 ₹145 Cr | Jun 2022 ₹137 Cr | Sep 2022 ₹138 Cr | Dec 2022 ₹136 Cr | Mar 2023 ₹137 Cr | Jun 2023 ₹134 Cr | Sep 2023 ₹125 Cr | Dec 2023 ₹122 Cr | Mar 2024 ₹118 Cr | Jun 2024 ₹113 Cr | Sep 2024 ₹124 Cr | Dec 2024 ₹121 Cr | Mar 2025 ₹115 Cr | Jun 2025 ₹111 Cr | Sep 2025 ₹107 Cr | Dec 2025 ₹84 Cr | Mar 2026 ₹79 Cr | Jun 2026 — - ALSN: Sep 2021 ₹2.5K Cr | Dec 2021 ₹2.5K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.5K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.5K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.4K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹2.4K Cr | Dec 2024 ₹2.4K Cr | Mar 2025 ₹2.4K Cr | Jun 2025 ₹2.4K Cr | Sep 2025 ₹2.4K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹4.3K Cr | Jun 2026 — - MOD: Sep 2021 ₹389 Cr | Dec 2021 ₹391 Cr | Mar 2022 ₹378 Cr | Jun 2022 ₹388 Cr | Sep 2022 ₹371 Cr | Dec 2022 ₹390 Cr | Mar 2023 ₹353 Cr | Jun 2023 ₹358 Cr | Sep 2023 ₹343 Cr | Dec 2023 ₹333 Cr | Mar 2024 ₹432 Cr | Jun 2024 ₹436 Cr | Sep 2024 ₹405 Cr | Dec 2024 ₹371 Cr | Mar 2025 ₹351 Cr | Jun 2025 ₹527 Cr | Sep 2025 ₹582 Cr | Dec 2025 ₹616 Cr | Mar 2026 ₹436 Cr | Jun 2026 — - ALV: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹2.1K Cr | Jun 2022 ₹1.7K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹1.9K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹2.0K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹2.2K Cr | Sep 2024 ₹2.4K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.3K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹2.2K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 ₹2.2K Cr - LEA: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.3K Cr | Mar 2022 — | Jun 2022 ₹2.6K Cr | Sep 2022 ₹2.6K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 — | Jun 2023 ₹2.6K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹2.8K Cr | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.8K Cr | Dec 2024 ₹2.8K Cr | Mar 2025 ₹2.8K Cr | Jun 2025 ₹2.8K Cr | Sep 2025 ₹2.8K Cr | Dec 2025 ₹2.7K Cr | Mar 2026 — | Jun 2026 ₹2.7K Cr - MBLY: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 — | Jun 2022 ₹0 Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹3.5K Cr | Mar 2023 — | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 ₹0 Cr - LKQ: Sep 2021 ₹3.8K Cr | Dec 2021 ₹4.2K Cr | Mar 2022 ₹4.1K Cr | Jun 2022 ₹3.7K Cr | Sep 2022 ₹3.7K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹4.0K Cr | Jun 2023 ₹5.3K Cr | Sep 2023 ₹5.7K Cr | Dec 2023 ₹5.6K Cr | Mar 2024 ₹5.6K Cr | Jun 2024 ₹5.7K Cr | Sep 2024 ₹5.8K Cr | Dec 2024 ₹5.5K Cr | Mar 2025 ₹5.8K Cr | Jun 2025 ₹5.9K Cr | Sep 2025 ₹5.5K Cr | Dec 2025 ₹5.1K Cr | Mar 2026 ₹5.2K Cr | Jun 2026 — - GTX: Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - GNTX: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹4 Cr | Jun 2026 ₹0 Cr - DORM: Sep 2021 ₹302 Cr | Dec 2021 ₹292 Cr | Mar 2022 ₹318 Cr | Jun 2022 ₹317 Cr | Sep 2022 ₹313 Cr | Dec 2022 ₹833 Cr | Mar 2023 — | Jun 2023 ₹804 Cr | Sep 2023 ₹748 Cr | Dec 2023 ₹667 Cr | Mar 2024 ₹654 Cr | Jun 2024 ₹636 Cr | Sep 2024 ₹630 Cr | Dec 2024 ₹587 Cr | Mar 2025 ₹563 Cr | Jun 2025 ₹559 Cr | Sep 2025 ₹555 Cr | Dec 2025 ₹536 Cr | Mar 2026 ₹548 Cr | Jun 2026 — - ATMU: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹650 Cr | Sep 2023 ₹600 Cr | Dec 2023 ₹600 Cr | Mar 2024 ₹600 Cr | Jun 2024 ₹600 Cr | Sep 2024 ₹596 Cr | Dec 2024 ₹593 Cr | Mar 2025 ₹589 Cr | Jun 2025 ₹585 Cr | Sep 2025 ₹578 Cr | Dec 2025 ₹570 Cr | Mar 2026 ₹998 Cr | Jun 2026 — - AAP: Sep 2021 ₹3.1K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹3.5K Cr | Sep 2022 ₹3.6K Cr | Dec 2022 ₹3.6K Cr | Mar 2023 — | Jun 2023 ₹4.2K Cr | Sep 2023 ₹4.1K Cr | Dec 2023 ₹4.0K Cr | Mar 2024 — | Jun 2024 ₹4.0K Cr | Sep 2024 ₹4.0K Cr | Dec 2024 ₹3.8K Cr | Mar 2025 — | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.6K Cr | Dec 2025 ₹5.3K Cr | Mar 2026 ₹5.2K Cr | Jun 2026 ₹5.2K Cr - QS: Sep 2021 ₹68 Cr | Dec 2021 ₹77 Cr | Mar 2022 ₹100 Cr | Jun 2022 ₹107 Cr | Sep 2022 ₹106 Cr | Dec 2022 ₹105 Cr | Mar 2023 ₹105 Cr | Jun 2023 ₹104 Cr | Sep 2023 ₹102 Cr | Dec 2023 ₹101 Cr | Mar 2024 ₹99 Cr | Jun 2024 ₹97 Cr | Sep 2024 ₹96 Cr | Dec 2024 ₹94 Cr | Mar 2025 ₹91 Cr | Jun 2025 ₹89 Cr | Sep 2025 ₹73 Cr | Dec 2025 ₹71 Cr | Mar 2026 ₹69 Cr | Jun 2026 ₹67 Cr - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹419 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹2.3K Cr | Jun 2026 — - PHIN: Sep 2021 ₹27 Cr | Dec 2021 ₹27 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹26 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹800 Cr | Dec 2023 ₹798 Cr | Mar 2024 ₹796 Cr | Jun 2024 ₹834 Cr | Sep 2024 ₹987 Cr | Dec 2024 ₹988 Cr | Mar 2025 ₹989 Cr | Jun 2025 ₹990 Cr | Sep 2025 ₹992 Cr | Dec 2025 ₹970 Cr | Mar 2026 ₹992 Cr | Jun 2026 — - DAN: Sep 2021 ₹2.7K Cr | Dec 2021 ₹2.7K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹2.8K Cr | Dec 2022 ₹2.7K Cr | Mar 2023 ₹3.0K Cr | Jun 2023 ₹3.0K Cr | Sep 2023 ₹3.0K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹2.9K Cr | Sep 2024 ₹3.0K Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹3.1K Cr | Jun 2025 ₹3.4K Cr | Sep 2025 ₹3.5K Cr | Dec 2025 ₹3.5K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 — - VC: Sep 2021 ₹508 Cr | Dec 2021 ₹498 Cr | Mar 2022 ₹488 Cr | Jun 2022 ₹479 Cr | Sep 2022 ₹473 Cr | Dec 2022 ₹477 Cr | Mar 2023 ₹481 Cr | Jun 2023 ₹471 Cr | Sep 2023 ₹458 Cr | Dec 2023 ₹445 Cr | Mar 2024 ₹452 Cr | Jun 2024 ₹441 Cr | Sep 2024 ₹432 Cr | Dec 2024 ₹426 Cr | Mar 2025 ₹449 Cr | Jun 2025 ₹442 Cr | Sep 2025 ₹442 Cr | Dec 2025 ₹431 Cr | Mar 2026 ₹436 Cr | Jun 2026 ₹434 Cr - GT: Sep 2021 ₹9.3K Cr | Dec 2021 ₹8.4K Cr | Mar 2022 ₹9.4K Cr | Jun 2022 ₹9.5K Cr | Sep 2022 ₹9.7K Cr | Dec 2022 ₹8.9K Cr | Mar 2023 ₹10.0K Cr | Jun 2023 ₹9.8K Cr | Sep 2023 ₹9.7K Cr | Dec 2023 ₹8.6K Cr | Mar 2024 ₹9.3K Cr | Jun 2024 ₹9.5K Cr | Sep 2024 ₹10.1K Cr | Dec 2024 ₹8.8K Cr | Mar 2025 ₹9.0K Cr | Jun 2025 ₹9.0K Cr | Sep 2025 ₹9.2K Cr | Dec 2025 ₹7.3K Cr | Mar 2026 ₹8.0K Cr | Jun 2026 — - ADNT: Sep 2021 ₹3.7K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.6K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.5K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.5K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹2.4K Cr | Dec 2024 ₹2.4K Cr | Mar 2025 ₹2.4K Cr | Jun 2025 ₹2.4K Cr | Sep 2025 ₹2.4K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.4K Cr | Jun 2026 — - THRM: Sep 2021 ₹66 Cr | Dec 2021 ₹64 Cr | Mar 2022 ₹65 Cr | Jun 2022 ₹62 Cr | Sep 2022 ₹265 Cr | Dec 2022 ₹263 Cr | Mar 2023 ₹262 Cr | Jun 2023 ₹244 Cr | Sep 2023 ₹232 Cr | Dec 2023 ₹247 Cr | Mar 2024 ₹253 Cr | Jun 2024 ₹251 Cr | Sep 2024 ₹251 Cr | Dec 2024 ₹265 Cr | Mar 2025 ₹323 Cr | Jun 2025 ₹270 Cr | Sep 2025 ₹249 Cr | Dec 2025 ₹247 Cr | Mar 2026 ₹273 Cr | Jun 2026 ₹325 Cr - DCH: Sep 2021 ₹3.2K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹3.2K Cr | Jun 2022 ₹3.2K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.0K Cr | Mar 2023 ₹3.0K Cr | Jun 2023 ₹3.0K Cr | Sep 2023 ₹3.0K Cr | Dec 2023 ₹2.9K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.8K Cr | Dec 2024 ₹2.7K Cr | Mar 2025 ₹2.7K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹4.2K Cr | Mar 2026 ₹5.3K Cr | Jun 2026 — - XPEL: Sep 2021 ₹13 Cr | Dec 2021 ₹38 Cr | Mar 2022 ₹48 Cr | Jun 2022 ₹46 Cr | Sep 2022 ₹41 Cr | Dec 2022 ₹42 Cr | Mar 2023 ₹45 Cr | Jun 2023 ₹29 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹36 Cr | Mar 2024 ₹41 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹21 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹23 Cr | Dec 2025 ₹23 Cr | Mar 2026 ₹21 Cr | Jun 2026 — - PLOW: Sep 2021 ₹284 Cr | Dec 2021 ₹240 Cr | Mar 2022 ₹247 Cr | Jun 2022 ₹289 Cr | Sep 2022 ₹312 Cr | Dec 2022 ₹227 Cr | Mar 2023 ₹274 Cr | Jun 2023 ₹298 Cr | Sep 2023 ₹312 Cr | Dec 2023 ₹257 Cr | Mar 2024 ₹264 Cr | Jun 2024 ₹273 Cr | Sep 2024 ₹288 Cr | Dec 2024 ₹221 Cr | Mar 2025 ₹251 Cr | Jun 2025 ₹277 Cr | Sep 2025 ₹296 Cr | Dec 2025 ₹219 Cr | Mar 2026 ₹235 Cr | Jun 2026 — ### 20-quarter Net debt history - ORLY: Sep 2021 ₹5.4K Cr | Dec 2021 ₹5.5K Cr | Mar 2022 ₹5.7K Cr | Jun 2022 ₹6.4K Cr | Sep 2022 ₹6.5K Cr | Dec 2022 ₹6.4K Cr | Mar 2023 ₹7.1K Cr | Jun 2023 ₹7.1K Cr | Sep 2023 ₹7.3K Cr | Dec 2023 ₹7.6K Cr | Mar 2024 ₹7.5K Cr | Jun 2024 ₹7.6K Cr | Sep 2024 ₹7.6K Cr | Dec 2024 ₹7.8K Cr | Mar 2025 ₹7.9K Cr | Jun 2025 ₹8.1K Cr | Sep 2025 ₹8.2K Cr | Dec 2025 ₹8.3K Cr | Mar 2026 ₹8.5K Cr | Jun 2026 — - AZO: Sep 2021 ₹7.0K Cr | Dec 2021 ₹7.2K Cr | Mar 2022 ₹8.5K Cr | Jun 2022 ₹8.7K Cr | Sep 2022 ₹8.9K Cr | Dec 2022 ₹9.2K Cr | Mar 2023 ₹9.9K Cr | Jun 2023 ₹10.2K Cr | Sep 2023 ₹10.6K Cr | Dec 2023 ₹11.5K Cr | Mar 2024 ₹11.5K Cr | Jun 2024 ₹12.0K Cr | Sep 2024 ₹12.0K Cr | Dec 2024 ₹12.0K Cr | Mar 2025 ₹12.1K Cr | Jun 2025 ₹11.9K Cr | Sep 2025 ₹11.9K Cr | Dec 2025 ₹11.8K Cr | Mar 2026 ₹12.1K Cr | Jun 2026 ₹12.4K Cr - MGA: Sep 2021 ₹3.0K Cr | Dec 2021 ₹2.7K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.8K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 ₹4.3K Cr | Jun 2023 ₹6.1K Cr | Sep 2023 ₹6.2K Cr | Dec 2023 ₹6.0K Cr | Mar 2024 ₹6.4K Cr | Jun 2024 ₹6.5K Cr | Sep 2024 ₹6.5K Cr | Dec 2024 ₹5.8K Cr | Mar 2025 ₹6.5K Cr | Jun 2025 ₹6.6K Cr | Sep 2025 ₹6.2K Cr | Dec 2025 ₹5.1K Cr | Mar 2026 ₹5.1K Cr | Jun 2026 — - GPC: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.5K Cr | Mar 2022 ₹3.7K Cr | Jun 2022 ₹3.6K Cr | Sep 2022 ₹3.4K Cr | Dec 2022 ₹3.5K Cr | Mar 2023 ₹3.6K Cr | Jun 2023 ₹3.7K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹3.9K Cr | Jun 2024 ₹4.6K Cr | Sep 2024 ₹4.9K Cr | Dec 2024 ₹5.3K Cr | Mar 2025 ₹5.7K Cr | Jun 2025 ₹6.0K Cr | Sep 2025 ₹6.0K Cr | Dec 2025 ₹6.1K Cr | Mar 2026 ₹6.2K Cr | Jun 2026 ₹6.1K Cr - BWA: Sep 2021 ₹2.8K Cr | Dec 2021 ₹2.5K Cr | Mar 2022 ₹2.8K Cr | Jun 2022 ₹2.8K Cr | Sep 2022 ₹2.9K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹3.3K Cr | Jun 2023 ₹3.4K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹2.2K Cr | Mar 2024 ₹2.7K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 — - APTV: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹2.0K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹5.3K Cr | Mar 2023 ₹5.8K Cr | Jun 2023 ₹5.6K Cr | Sep 2023 ₹5.1K Cr | Dec 2023 ₹5.0K Cr | Mar 2024 ₹5.7K Cr | Jun 2024 ₹5.3K Cr | Sep 2024 ₹8.1K Cr | Dec 2024 ₹7.2K Cr | Mar 2025 ₹7.2K Cr | Jun 2025 ₹6.8K Cr | Sep 2025 ₹6.4K Cr | Dec 2025 ₹6.1K Cr | Mar 2026 ₹6.6K Cr | Jun 2026 — - AUR: Sep 2021 ₹0 Cr | Dec 2021 ₹-1.5K Cr | Mar 2022 ₹-1.3K Cr | Jun 2022 ₹-1.2K Cr | Sep 2022 ₹-1.1K Cr | Dec 2022 ₹-965 Cr | Mar 2023 ₹-829 Cr | Jun 2023 ₹-651 Cr | Sep 2023 ₹-1.3K Cr | Dec 2023 ₹-1.1K Cr | Mar 2024 ₹-998 Cr | Jun 2024 ₹-907 Cr | Sep 2024 ₹-1.1K Cr | Dec 2024 ₹-1.1K Cr | Mar 2025 ₹-1.0K Cr | Jun 2025 ₹-1.2K Cr | Sep 2025 ₹-1.1K Cr | Dec 2025 ₹-1.2K Cr | Mar 2026 ₹-1.1K Cr | Jun 2026 — - ALSN: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.4K Cr | Mar 2022 ₹2.4K Cr | Jun 2022 ₹2.4K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.2K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.6K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹4.0K Cr | Jun 2026 — - MOD: Sep 2021 ₹333 Cr | Dec 2021 ₹330 Cr | Mar 2022 ₹333 Cr | Jun 2022 ₹329 Cr | Sep 2022 ₹301 Cr | Dec 2022 ₹308 Cr | Mar 2023 ₹286 Cr | Jun 2023 ₹265 Cr | Sep 2023 ₹223 Cr | Dec 2023 ₹183 Cr | Mar 2024 ₹372 Cr | Jun 2024 ₹363 Cr | Sep 2024 ₹326 Cr | Dec 2024 ₹287 Cr | Mar 2025 ₹279 Cr | Jun 2025 ₹402 Cr | Sep 2025 ₹498 Cr | Dec 2025 ₹517 Cr | Mar 2026 ₹362 Cr | Jun 2026 — - ALV: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.9K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 ₹1.8K Cr - LEA: Sep 2021 ₹904 Cr | Dec 2021 ₹1.2K Cr | Mar 2022 — | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.8K Cr | Mar 2023 — | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.9K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.8K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹2.0K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 — | Jun 2026 ₹1.9K Cr - MBLY: Sep 2021 ₹-616 Cr | Dec 2021 ₹-616 Cr | Mar 2022 — | Jun 2022 ₹-749 Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 — | Jun 2023 ₹-1.2K Cr | Sep 2023 ₹-1.1K Cr | Dec 2023 ₹-1.2K Cr | Mar 2024 ₹-1.2K Cr | Jun 2024 ₹-1.2K Cr | Sep 2024 ₹-1.3K Cr | Dec 2024 ₹-1.4K Cr | Mar 2025 ₹-1.5K Cr | Jun 2025 ₹-1.7K Cr | Sep 2025 ₹-1.7K Cr | Dec 2025 ₹-1.8K Cr | Mar 2026 ₹-1.3K Cr | Jun 2026 ₹-1.4K Cr - LKQ: Sep 2021 ₹3.4K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹3.7K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.4K Cr | Dec 2022 ₹3.7K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹3.4K Cr | Sep 2023 ₹5.3K Cr | Dec 2023 ₹5.3K Cr | Mar 2024 ₹5.3K Cr | Jun 2024 ₹5.4K Cr | Sep 2024 ₹5.4K Cr | Dec 2024 ₹5.2K Cr | Mar 2025 ₹5.6K Cr | Jun 2025 ₹5.6K Cr | Sep 2025 ₹5.2K Cr | Dec 2025 ₹4.7K Cr | Mar 2026 ₹4.9K Cr | Jun 2026 — - GTX: Sep 2021 ₹744 Cr | Dec 2021 ₹765 Cr | Mar 2022 ₹858 Cr | Jun 2022 ₹1.0K Cr | Sep 2022 ₹956 Cr | Dec 2022 ₹909 Cr | Mar 2023 ₹873 Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 — - GNTX: Sep 2021 ₹-277 Cr | Dec 2021 ₹-268 Cr | Mar 2022 ₹-287 Cr | Jun 2022 ₹-281 Cr | Sep 2022 ₹-239 Cr | Dec 2022 ₹-238 Cr | Mar 2023 ₹-241 Cr | Jun 2023 ₹-258 Cr | Sep 2023 ₹-278 Cr | Dec 2023 ₹-241 Cr | Mar 2024 ₹-266 Cr | Jun 2024 ₹-276 Cr | Sep 2024 ₹-200 Cr | Dec 2024 ₹-256 Cr | Mar 2025 ₹-307 Cr | Jun 2025 ₹-137 Cr | Sep 2025 ₹-179 Cr | Dec 2025 ₹-147 Cr | Mar 2026 ₹-171 Cr | Jun 2026 ₹-243 Cr - DORM: Sep 2021 ₹245 Cr | Dec 2021 ₹233 Cr | Mar 2022 ₹265 Cr | Jun 2022 ₹265 Cr | Sep 2022 ₹278 Cr | Dec 2022 ₹787 Cr | Mar 2023 — | Jun 2023 ₹771 Cr | Sep 2023 ₹712 Cr | Dec 2023 ₹630 Cr | Mar 2024 ₹620 Cr | Jun 2024 ₹589 Cr | Sep 2024 ₹585 Cr | Dec 2024 ₹530 Cr | Mar 2025 ₹502 Cr | Jun 2025 ₹502 Cr | Sep 2025 ₹499 Cr | Dec 2025 ₹487 Cr | Mar 2026 ₹505 Cr | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹510 Cr | Sep 2023 ₹461 Cr | Dec 2023 ₹432 Cr | Mar 2024 ₹451 Cr | Jun 2024 ₹439 Cr | Sep 2024 ₹399 Cr | Dec 2024 ₹409 Cr | Mar 2025 ₹406 Cr | Jun 2025 ₹394 Cr | Sep 2025 ₹360 Cr | Dec 2025 ₹334 Cr | Mar 2026 ₹788 Cr | Jun 2026 — - AAP: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.8K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.3K Cr | Dec 2022 ₹3.4K Cr | Mar 2023 — | Jun 2023 ₹3.9K Cr | Sep 2023 ₹3.9K Cr | Dec 2023 ₹3.7K Cr | Mar 2024 — | Jun 2024 ₹3.5K Cr | Sep 2024 ₹3.5K Cr | Dec 2024 ₹3.3K Cr | Mar 2025 — | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹2.1K Cr | Mar 2026 ₹2.1K Cr | Jun 2026 ₹2.3K Cr - QS: Sep 2021 ₹-1.5K Cr | Dec 2021 ₹-1.4K Cr | Mar 2022 ₹-1.2K Cr | Jun 2022 ₹-1.2K Cr | Sep 2022 ₹-1.0K Cr | Dec 2022 ₹-957 Cr | Mar 2023 ₹-878 Cr | Jun 2023 ₹-806 Cr | Sep 2023 ₹-1.0K Cr | Dec 2023 ₹-970 Cr | Mar 2024 ₹-911 Cr | Jun 2024 ₹-841 Cr | Sep 2024 ₹-745 Cr | Dec 2024 ₹-817 Cr | Mar 2025 ₹-769 Cr | Jun 2025 ₹-708 Cr | Sep 2025 ₹-931 Cr | Dec 2025 ₹-900 Cr | Mar 2026 ₹-836 Cr | Jun 2026 ₹-792 Cr - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹218 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹2.0K Cr | Jun 2026 — - PHIN: Sep 2021 ₹-232 Cr | Dec 2021 ₹-232 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-225 Cr | Dec 2022 ₹-225 Cr | Mar 2023 ₹-188 Cr | Jun 2023 ₹-188 Cr | Sep 2023 ₹433 Cr | Dec 2023 ₹433 Cr | Mar 2024 ₹471 Cr | Jun 2024 ₹495 Cr | Sep 2024 ₹510 Cr | Dec 2024 ₹504 Cr | Mar 2025 ₹616 Cr | Jun 2025 ₹643 Cr | Sep 2025 ₹643 Cr | Dec 2025 ₹611 Cr | Mar 2026 ₹664 Cr | Jun 2026 — - DAN: Sep 2021 ₹2.4K Cr | Dec 2021 ₹2.4K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.5K Cr | Sep 2022 ₹2.4K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.6K Cr | Jun 2023 ₹2.5K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.6K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.4K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹3.1K Cr | Dec 2025 ₹3.0K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - VC: Sep 2021 ₹111 Cr | Dec 2021 ₹46 Cr | Mar 2022 ₹86 Cr | Jun 2022 ₹157 Cr | Sep 2022 ₹111 Cr | Dec 2022 ₹-43 Cr | Mar 2023 ₹-3 Cr | Jun 2023 ₹16 Cr | Sep 2023 ₹-23 Cr | Dec 2023 ₹-70 Cr | Mar 2024 ₹-52 Cr | Jun 2024 ₹-64 Cr | Sep 2024 ₹-118 Cr | Dec 2024 ₹-197 Cr | Mar 2025 ₹-206 Cr | Jun 2025 ₹-226 Cr | Sep 2025 ₹-320 Cr | Dec 2025 ₹-340 Cr | Mar 2026 ₹-244 Cr | Jun 2026 ₹-214 Cr - GT: Sep 2021 ₹8.2K Cr | Dec 2021 ₹7.3K Cr | Mar 2022 ₹8.3K Cr | Jun 2022 ₹8.2K Cr | Sep 2022 ₹8.4K Cr | Dec 2022 ₹7.7K Cr | Mar 2023 ₹8.9K Cr | Jun 2023 ₹8.8K Cr | Sep 2023 ₹8.7K Cr | Dec 2023 ₹7.7K Cr | Mar 2024 ₹8.4K Cr | Jun 2024 ₹8.7K Cr | Sep 2024 ₹9.2K Cr | Dec 2024 ₹8.0K Cr | Mar 2025 ₹8.1K Cr | Jun 2025 ₹8.2K Cr | Sep 2025 ₹8.4K Cr | Dec 2025 ₹6.5K Cr | Mar 2026 ₹7.3K Cr | Jun 2026 — - ADNT: Sep 2021 ₹2.2K Cr | Dec 2021 ₹1.6K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 — - THRM: Sep 2021 ₹-129 Cr | Dec 2021 ₹-127 Cr | Mar 2022 ₹-113 Cr | Jun 2022 ₹-95 Cr | Sep 2022 ₹126 Cr | Dec 2022 ₹109 Cr | Mar 2023 ₹95 Cr | Jun 2023 ₹75 Cr | Sep 2023 ₹78 Cr | Dec 2023 ₹97 Cr | Mar 2024 ₹128 Cr | Jun 2024 ₹128 Cr | Sep 2024 ₹100 Cr | Dec 2024 ₹131 Cr | Mar 2025 ₹160 Cr | Jun 2025 ₹142 Cr | Sep 2025 ₹95 Cr | Dec 2025 ₹86 Cr | Mar 2026 ₹96 Cr | Jun 2026 ₹112 Cr - DCH: Sep 2021 ₹2.7K Cr | Dec 2021 ₹2.7K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.6K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.5K Cr | Sep 2023 ₹2.4K Cr | Dec 2023 ₹2.4K Cr | Mar 2024 ₹2.4K Cr | Jun 2024 ₹2.3K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.2K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹3.5K Cr | Mar 2026 ₹4.3K Cr | Jun 2026 — - XPEL: Sep 2021 ₹5 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹37 Cr | Jun 2022 ₹37 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹34 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹-28 Cr | Sep 2025 ₹-41 Cr | Dec 2025 ₹-28 Cr | Mar 2026 ₹-24 Cr | Jun 2026 — - PLOW: Sep 2021 ₹277 Cr | Dec 2021 ₹203 Cr | Mar 2022 ₹239 Cr | Jun 2022 ₹283 Cr | Sep 2022 ₹309 Cr | Dec 2022 ₹206 Cr | Mar 2023 ₹271 Cr | Jun 2023 ₹295 Cr | Sep 2023 ₹301 Cr | Dec 2023 ₹233 Cr | Mar 2024 ₹262 Cr | Jun 2024 ₹269 Cr | Sep 2024 ₹280 Cr | Dec 2024 ₹216 Cr | Mar 2025 ₹244 Cr | Jun 2025 ₹269 Cr | Sep 2025 ₹285 Cr | Dec 2025 ₹211 Cr | Mar 2026 ₹230 Cr | Jun 2026 — ## Return On Capital Employed What the numbers say: Garrett Motion Inc. leads ROCE at 13.9%, 2.3 percentage points above O'Reilly Automotive, Inc.. Adient plc has the strongest latest improvement at +6.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Garrett Motion Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Garrett Motion Inc. · 13.9% | 19.8% versus #2 · O'Reilly Automotive, Inc. | 7/8 recent comparable periods | 29/29 companies · 528 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Garrett Motion Inc. (GTX): 14% 2. O'Reilly Automotive, Inc. (ORLY): 12% 3. Versigent PLC (VGNT): 11% 4. AutoZone, Inc. (AZO): 9.2% 5. Modine Manufacturing Company (MOD): 6.3% ### ROCE change — fastest improvers 1. Adient plc (ADNT): +6.5 pp 2. Garrett Motion Inc. (GTX): +3.3 pp 3. Advance Auto Parts, Inc. (AAP): +3.0 pp 4. Versigent PLC (VGNT): +1.3 pp 5. Douglas Dynamics, Inc. (PLOW): +1.2 pp ### 20-quarter ROCE history - ORLY: Sep 2021 12% | Dec 2021 11% | Mar 2022 12% | Jun 2022 14% | Sep 2022 14% | Dec 2022 12% | Mar 2023 13% | Jun 2023 15% | Sep 2023 16% | Dec 2023 12% | Mar 2024 13% | Jun 2024 15% | Sep 2024 15% | Dec 2024 12% | Mar 2025 11% | Jun 2025 14% | Sep 2025 14% | Dec 2025 12% | Mar 2026 12% | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 10% | Mar 2022 9.1% | Jun 2022 12% | Sep 2022 16% | Dec 2022 11% | Mar 2023 10% | Jun 2023 13% | Sep 2023 17% | Dec 2023 12% | Mar 2024 10% | Jun 2024 12% | Sep 2024 16% | Dec 2024 11% | Mar 2025 8.4% | Jun 2025 10% | Sep 2025 13% | Dec 2025 8.5% | Mar 2026 7.2% | Jun 2026 9.2% - MGA: Sep 2021 1.1% | Dec 2021 2.6% | Mar 2022 2.6% | Jun 2022 1.8% | Sep 2022 2.3% | Dec 2022 1.9% | Mar 2023 2.2% | Jun 2023 3.2% | Sep 2023 3.1% | Dec 2023 2.9% | Mar 2024 2.2% | Jun 2024 2.8% | Sep 2024 2.9% | Dec 2024 3.2% | Mar 2025 1.6% | Jun 2025 2.6% | Sep 2025 2.6% | Dec 2025 3.7% | Mar 2026 2.3% | Jun 2026 — - GPC: Sep 2021 4.0% | Dec 2021 4.4% | Mar 2022 4.0% | Jun 2022 6.2% | Sep 2022 5.3% | Dec 2022 4.2% | Mar 2023 4.5% | Jun 2023 5.0% | Sep 2023 5.1% | Dec 2023 4.4% | Mar 2024 3.4% | Jun 2024 4.2% | Sep 2024 3.2% | Dec 2024 1.8% | Mar 2025 2.8% | Jun 2025 3.5% | Sep 2025 3.0% | Dec 2025 -0.4% | Mar 2026 2.6% | Jun 2026 3.0% - BWA: Sep 2021 2.3% | Dec 2021 1.4% | Mar 2022 2.8% | Jun 2022 2.1% | Sep 2022 2.1% | Dec 2022 2.1% | Mar 2023 2.1% | Jun 2023 2.6% | Sep 2023 2.4% | Dec 2023 2.4% | Mar 2024 2.5% | Jun 2024 2.5% | Sep 2024 2.5% | Dec 2024 -3.0% | Mar 2025 2.3% | Jun 2025 2.7% | Sep 2025 2.2% | Dec 2025 -2.3% | Mar 2026 3.2% | Jun 2026 — - APTV: Sep 2021 1.6% | Dec 2021 1.9% | Mar 2022 1.7% | Jun 2022 0.7% | Sep 2022 3.2% | Dec 2022 2.9% | Mar 2023 2.1% | Jun 2023 2.5% | Sep 2023 2.6% | Dec 2023 1.9% | Mar 2024 2.4% | Jun 2024 2.4% | Sep 2024 2.6% | Dec 2024 2.5% | Mar 2025 2.5% | Jun 2025 2.6% | Sep 2025 -0.9% | Dec 2025 2.3% | Mar 2026 2.0% | Jun 2026 — - AUR: Sep 2021 -17% | Dec 2021 -11% | Mar 2022 -6.4% | Jun 2022 -72% | Sep 2022 -13% | Dec 2022 -11% | Mar 2023 -7.9% | Jun 2023 -11% | Sep 2023 -9.5% | Dec 2023 -9.8% | Mar 2024 -10% | Jun 2024 -12% | Sep 2024 -8.8% | Dec 2024 -9.6% | Mar 2025 -11% | Jun 2025 -12% | Sep 2025 -9.7% | Dec 2025 -11% | Mar 2026 -12% | Jun 2026 — - ALSN: Sep 2021 3.6% | Dec 2021 4.3% | Mar 2022 5.0% | Jun 2022 4.6% | Sep 2022 5.0% | Dec 2022 4.7% | Mar 2023 5.5% | Jun 2023 5.7% | Sep 2023 5.2% | Dec 2023 5.2% | Mar 2024 5.3% | Jun 2024 5.8% | Sep 2024 5.6% | Dec 2024 5.0% | Mar 2025 5.3% | Jun 2025 5.3% | Sep 2025 4.1% | Dec 2025 3.3% | Mar 2026 3.2% | Jun 2026 — - MOD: Sep 2021 1.1% | Dec 2021 8.7% | Mar 2022 2.4% | Jun 2022 2.9% | Sep 2022 4.1% | Dec 2022 4.1% | Mar 2023 4.9% | Jun 2023 6.6% | Sep 2023 6.5% | Dec 2023 5.7% | Mar 2024 4.0% | Jun 2024 6.1% | Sep 2024 6.0% | Dec 2024 4.7% | Mar 2025 5.6% | Jun 2025 5.0% | Sep 2025 4.7% | Dec 2025 5.5% | Mar 2026 6.3% | Jun 2026 — - ALV: Sep 2021 2.1% | Dec 2021 3.6% | Mar 2022 2.8% | Jun 2022 2.8% | Sep 2022 4.0% | Dec 2022 5.2% | Mar 2023 2.7% | Jun 2023 2.3% | Sep 2023 5.8% | Dec 2023 5.7% | Mar 2024 4.2% | Jun 2024 4.9% | Sep 2024 5.4% | Dec 2024 8.3% | Mar 2025 5.7% | Jun 2025 5.8% | Sep 2025 6.2% | Dec 2025 7.2% | Mar 2026 5.2% | Jun 2026 4.3% - LEA: Sep 2021 — | Dec 2021 0.6% | Mar 2022 — | Jun 2022 1.5% | Sep 2022 1.7% | Dec 2022 2.4% | Mar 2023 — | Jun 2023 2.7% | Sep 2023 3.0% | Dec 2023 2.5% | Mar 2024 2.2% | Jun 2024 2.9% | Sep 2024 2.5% | Dec 2024 2.4% | Mar 2025 2.1% | Jun 2025 2.7% | Sep 2025 2.1% | Dec 2025 1.7% | Mar 2026 — | Jun 2026 2.8% - MBLY: Sep 2021 -0.1% | Dec 2021 -0.3% | Mar 2022 — | Jun 2022 -0.6% | Sep 2022 0.2% | Dec 2022 -0.2% | Mar 2023 — | Jun 2023 -0.5% | Sep 2023 -0.2% | Dec 2023 0.0% | Mar 2024 -1.6% | Jun 2024 -0.6% | Sep 2024 -21% | Dec 2024 -0.6% | Mar 2025 -0.9% | Jun 2025 -0.5% | Sep 2025 -0.9% | Dec 2025 -1.2% | Mar 2026 -38% | Jun 2026 -0.3% - LKQ: Sep 2021 3.7% | Dec 2021 2.7% | Mar 2022 3.6% | Jun 2022 5.6% | Sep 2022 3.7% | Dec 2022 2.9% | Mar 2023 3.6% | Jun 2023 3.9% | Sep 2023 2.9% | Dec 2023 2.3% | Mar 2024 2.6% | Jun 2024 2.8% | Sep 2024 2.5% | Dec 2024 2.2% | Mar 2025 2.2% | Jun 2025 2.5% | Sep 2025 2.2% | Dec 2025 1.3% | Mar 2026 1.8% | Jun 2026 — - GTX: Sep 2021 7.8% | Dec 2021 8.8% | Mar 2022 11% | Jun 2022 9.1% | Sep 2022 9.7% | Dec 2022 8.9% | Mar 2023 10% | Jun 2023 11% | Sep 2023 9.6% | Dec 2023 9.8% | Mar 2024 8.8% | Jun 2024 10% | Sep 2024 11% | Dec 2024 11% | Mar 2025 11% | Jun 2025 12% | Sep 2025 13% | Dec 2025 12% | Mar 2026 14% | Jun 2026 — - GNTX: Sep 2021 4.5% | Dec 2021 4.4% | Mar 2022 5.2% | Jun 2022 4.3% | Sep 2022 4.4% | Dec 2022 4.7% | Mar 2023 5.6% | Jun 2023 6.0% | Sep 2023 5.7% | Dec 2023 6.0% | Mar 2024 5.7% | Jun 2024 4.9% | Sep 2024 5.3% | Dec 2024 3.7% | Mar 2025 4.6% | Jun 2025 4.8% | Sep 2025 4.9% | Dec 2025 4.8% | Mar 2026 4.9% | Jun 2026 5.6% - DORM: Sep 2021 4.7% | Dec 2021 4.7% | Mar 2022 4.7% | Jun 2022 4.9% | Sep 2022 4.0% | Dec 2022 2.5% | Mar 2023 — | Jun 2023 1.3% | Sep 2023 4.0% | Dec 2023 4.5% | Mar 2024 3.2% | Jun 2024 4.2% | Sep 2024 4.5% | Dec 2024 4.8% | Mar 2025 4.4% | Jun 2025 4.4% | Sep 2025 5.5% | Dec 2025 1.6% | Mar 2026 3.0% | Jun 2026 — - ATMU: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 13% | Jun 2022 — | Sep 2022 44% | Dec 2022 5.6% | Mar 2023 11% | Jun 2023 16% | Sep 2023 15% | Dec 2023 7.6% | Mar 2024 9.1% | Jun 2024 9.5% | Sep 2024 7.2% | Dec 2024 6.0% | Mar 2025 6.8% | Jun 2025 8.6% | Sep 2025 8.3% | Dec 2025 6.8% | Mar 2026 5.8% | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 3.2% | Mar 2022 1.4% | Jun 2022 2.9% | Sep 2022 2.9% | Dec 2022 2.5% | Mar 2023 — | Jun 2023 1.4% | Sep 2023 1.8% | Dec 2023 -1.1% | Mar 2024 — | Jun 2024 0.7% | Sep 2024 0.8% | Dec 2024 -13% | Mar 2025 — | Jun 2025 -2.0% | Sep 2025 0.3% | Dec 2025 0.3% | Mar 2026 0.6% | Jun 2026 1.0% - QS: Sep 2021 -5.5% | Dec 2021 -4.9% | Mar 2022 -5.6% | Jun 2022 -5.8% | Sep 2022 -7.5% | Dec 2022 -7.3% | Mar 2023 -7.3% | Jun 2023 -8.6% | Sep 2023 -8.0% | Dec 2023 -8.7% | Mar 2024 -9.7% | Jun 2024 -10% | Sep 2024 -9.5% | Dec 2024 -9.5% | Mar 2025 -9.6% | Jun 2025 -10% | Sep 2025 -9.2% | Dec 2025 -8.8% | Mar 2026 -9.1% | Jun 2026 -9.5% - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 11% | Jun 2026 — - PHIN: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 — | Jun 2022 — | Sep 2022 3.8% | Dec 2022 2.9% | Mar 2023 4.0% | Jun 2023 3.8% | Sep 2023 1.6% | Dec 2023 2.8% | Mar 2024 2.5% | Jun 2024 2.5% | Sep 2024 2.2% | Dec 2024 1.8% | Mar 2025 2.2% | Jun 2025 3.1% | Sep 2025 1.2% | Dec 2025 2.4% | Mar 2026 2.5% | Jun 2026 — - DAN: Sep 2021 1.7% | Dec 2021 1.5% | Mar 2022 1.2% | Jun 2022 1.1% | Sep 2022 -1.9% | Dec 2022 1.2% | Mar 2023 1.7% | Jun 2023 2.3% | Sep 2023 1.8% | Dec 2023 0.8% | Mar 2024 1.4% | Jun 2024 -0.1% | Sep 2024 0.0% | Dec 2024 -2.1% | Mar 2025 0.2% | Jun 2025 0.5% | Sep 2025 1.4% | Dec 2025 1.6% | Mar 2026 1.3% | Jun 2026 — - VC: Sep 2021 0.5% | Dec 2021 2.8% | Mar 2022 1.8% | Jun 2022 2.0% | Sep 2022 4.2% | Dec 2022 4.1% | Mar 2023 4.0% | Jun 2023 3.7% | Sep 2023 6.6% | Dec 2023 4.7% | Mar 2024 4.0% | Jun 2024 6.0% | Sep 2024 3.1% | Dec 2024 4.1% | Mar 2025 4.7% | Jun 2025 4.5% | Sep 2025 3.5% | Dec 2025 2.9% | Mar 2026 1.8% | Jun 2026 3.1% - GT: Sep 2021 2.3% | Dec 2021 2.5% | Mar 2022 1.8% | Jun 2022 2.0% | Sep 2022 1.7% | Dec 2022 0.8% | Mar 2023 0.3% | Jun 2023 -0.2% | Sep 2023 0.6% | Dec 2023 -1.2% | Mar 2024 0.7% | Jun 2024 1.3% | Sep 2024 0.9% | Dec 2024 1.9% | Mar 2025 -0.1% | Jun 2025 0.1% | Sep 2025 -3.8% | Dec 2025 2.3% | Mar 2026 -0.7% | Jun 2026 — - ADNT: Sep 2021 17% | Dec 2021 1.1% | Mar 2022 0.7% | Jun 2022 0.6% | Sep 2022 2.1% | Dec 2022 1.8% | Mar 2023 1.6% | Jun 2023 3.0% | Sep 2023 2.5% | Dec 2023 1.9% | Mar 2024 0.1% | Jun 2024 1.7% | Sep 2024 2.3% | Dec 2024 1.7% | Mar 2025 -4.0% | Jun 2025 2.2% | Sep 2025 2.2% | Dec 2025 1.7% | Mar 2026 2.5% | Jun 2026 — - THRM: Sep 2021 2.8% | Dec 2021 2.8% | Mar 2022 2.0% | Jun 2022 1.1% | Sep 2022 2.8% | Dec 2022 0.4% | Mar 2023 2.1% | Jun 2023 0.5% | Sep 2023 2.6% | Dec 2023 3.4% | Mar 2024 1.9% | Jun 2024 3.6% | Sep 2024 3.5% | Dec 2024 2.6% | Mar 2025 1.8% | Jun 2025 2.5% | Sep 2025 2.5% | Dec 2025 1.9% | Mar 2026 1.1% | Jun 2026 1.0% - DCH: Sep 2021 1.0% | Dec 2021 0.7% | Mar 2022 1.5% | Jun 2022 1.2% | Sep 2022 1.4% | Dec 2022 1.2% | Mar 2023 0.8% | Jun 2023 1.3% | Sep 2023 0.5% | Dec 2023 0.7% | Mar 2024 1.8% | Jun 2024 2.1% | Sep 2024 1.0% | Dec 2024 0.9% | Mar 2025 1.1% | Jun 2025 1.4% | Sep 2025 1.2% | Dec 2025 -0.7% | Mar 2026 -0.5% | Jun 2026 — - XPEL: Sep 2021 14% | Dec 2021 9.1% | Mar 2022 9.5% | Jun 2022 14% | Sep 2022 14% | Dec 2022 7.5% | Mar 2023 9.3% | Jun 2023 12% | Sep 2023 11% | Dec 2023 7.5% | Mar 2024 4.5% | Jun 2024 9.3% | Sep 2024 8.8% | Dec 2024 5.4% | Mar 2025 4.6% | Jun 2025 7.7% | Sep 2025 6.2% | Dec 2025 5.6% | Mar 2026 4.6% | Jun 2026 — - PLOW: Sep 2021 2.0% | Dec 2021 2.6% | Mar 2022 -0.6% | Jun 2022 5.2% | Sep 2022 4.0% | Dec 2022 3.4% | Mar 2023 -2.9% | Jun 2023 7.1% | Sep 2023 2.4% | Dec 2023 2.6% | Mar 2024 -1.4% | Jun 2024 7.5% | Sep 2024 9.2% | Dec 2024 2.6% | Mar 2025 0.7% | Jun 2025 7.5% | Sep 2025 2.7% | Dec 2025 3.7% | Mar 2026 1.9% | Jun 2026 — ### 20-quarter ROCE change history - ORLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.5 pp | Dec 2022 +0.9 pp | Mar 2023 +1.2 pp | Jun 2023 +1.7 pp | Sep 2023 +1.7 pp | Dec 2023 +0.2 pp | Mar 2024 −0.2 pp | Jun 2024 −0.6 pp | Sep 2024 −1.3 pp | Dec 2024 −0.7 pp | Mar 2025 −1.3 pp | Jun 2025 −0.9 pp | Sep 2025 −0.8 pp | Dec 2025 0.0 pp | Mar 2026 +0.3 pp | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.7 pp | Mar 2023 +1.0 pp | Jun 2023 +1.0 pp | Sep 2023 +1.3 pp | Dec 2023 +0.9 pp | Mar 2024 −0.1 pp | Jun 2024 −0.6 pp | Sep 2024 −1.0 pp | Dec 2024 −1.5 pp | Mar 2025 −1.6 pp | Jun 2025 −1.9 pp | Sep 2025 −3.2 pp | Dec 2025 −2.0 pp | Mar 2026 −1.2 pp | Jun 2026 −0.9 pp - MGA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.2 pp | Dec 2022 −0.7 pp | Mar 2023 −0.4 pp | Jun 2023 +1.4 pp | Sep 2023 +0.8 pp | Dec 2023 +1.0 pp | Mar 2024 0.0 pp | Jun 2024 −0.4 pp | Sep 2024 −0.2 pp | Dec 2024 +0.3 pp | Mar 2025 −0.6 pp | Jun 2025 −0.2 pp | Sep 2025 −0.3 pp | Dec 2025 +0.5 pp | Mar 2026 +0.7 pp | Jun 2026 — - GPC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.3 pp | Dec 2022 −0.2 pp | Mar 2023 +0.5 pp | Jun 2023 −1.2 pp | Sep 2023 −0.2 pp | Dec 2023 +0.2 pp | Mar 2024 −1.1 pp | Jun 2024 −0.8 pp | Sep 2024 −1.9 pp | Dec 2024 −2.6 pp | Mar 2025 −0.6 pp | Jun 2025 −0.7 pp | Sep 2025 −0.2 pp | Dec 2025 −2.2 pp | Mar 2026 −0.2 pp | Jun 2026 −0.5 pp - BWA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 +0.7 pp | Mar 2023 −0.7 pp | Jun 2023 +0.5 pp | Sep 2023 +0.3 pp | Dec 2023 +0.3 pp | Mar 2024 +0.4 pp | Jun 2024 −0.1 pp | Sep 2024 +0.1 pp | Dec 2024 −5.4 pp | Mar 2025 −0.2 pp | Jun 2025 +0.2 pp | Sep 2025 −0.3 pp | Dec 2025 +0.7 pp | Mar 2026 +0.9 pp | Jun 2026 — - APTV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.6 pp | Dec 2022 +1.0 pp | Mar 2023 +0.4 pp | Jun 2023 +1.8 pp | Sep 2023 −0.6 pp | Dec 2023 −1.0 pp | Mar 2024 +0.3 pp | Jun 2024 −0.1 pp | Sep 2024 0.0 pp | Dec 2024 +0.6 pp | Mar 2025 +0.1 pp | Jun 2025 +0.2 pp | Sep 2025 −3.5 pp | Dec 2025 −0.2 pp | Mar 2026 −0.5 pp | Jun 2026 — - AUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.8 pp | Dec 2022 −0.3 pp | Mar 2023 −1.5 pp | Jun 2023 +61.3 pp | Sep 2023 +3.2 pp | Dec 2023 +1.5 pp | Mar 2024 −2.4 pp | Jun 2024 −0.6 pp | Sep 2024 +0.7 pp | Dec 2024 +0.2 pp | Mar 2025 −0.5 pp | Jun 2025 0.0 pp | Sep 2025 −0.9 pp | Dec 2025 −1.6 pp | Mar 2026 −1.4 pp | Jun 2026 — - ALSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.4 pp | Dec 2022 +0.4 pp | Mar 2023 +0.5 pp | Jun 2023 +1.1 pp | Sep 2023 +0.2 pp | Dec 2023 +0.5 pp | Mar 2024 −0.2 pp | Jun 2024 +0.1 pp | Sep 2024 +0.4 pp | Dec 2024 −0.2 pp | Mar 2025 0.0 pp | Jun 2025 −0.5 pp | Sep 2025 −1.5 pp | Dec 2025 −1.7 pp | Mar 2026 −2.1 pp | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.0 pp | Dec 2022 −4.6 pp | Mar 2023 +2.5 pp | Jun 2023 +3.7 pp | Sep 2023 +2.4 pp | Dec 2023 +1.6 pp | Mar 2024 −0.9 pp | Jun 2024 −0.5 pp | Sep 2024 −0.5 pp | Dec 2024 −1.0 pp | Mar 2025 +1.6 pp | Jun 2025 −1.1 pp | Sep 2025 −1.3 pp | Dec 2025 +0.8 pp | Mar 2026 +0.7 pp | Jun 2026 — - ALV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.9 pp | Dec 2022 +1.6 pp | Mar 2023 −0.1 pp | Jun 2023 −0.5 pp | Sep 2023 +1.8 pp | Dec 2023 +0.5 pp | Mar 2024 +1.5 pp | Jun 2024 +2.6 pp | Sep 2024 −0.4 pp | Dec 2024 +2.6 pp | Mar 2025 +1.5 pp | Jun 2025 +0.9 pp | Sep 2025 +0.8 pp | Dec 2025 −1.1 pp | Mar 2026 −0.5 pp | Jun 2026 −1.5 pp - LEA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +1.8 pp | Mar 2023 — | Jun 2023 +1.2 pp | Sep 2023 +1.3 pp | Dec 2023 +0.1 pp | Mar 2024 — | Jun 2024 +0.2 pp | Sep 2024 −0.5 pp | Dec 2024 −0.1 pp | Mar 2025 −0.1 pp | Jun 2025 −0.2 pp | Sep 2025 −0.4 pp | Dec 2025 −0.7 pp | Mar 2026 — | Jun 2026 +0.1 pp - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +0.1 pp | Mar 2023 — | Jun 2023 +0.1 pp | Sep 2023 −0.4 pp | Dec 2023 +0.2 pp | Mar 2024 — | Jun 2024 −0.1 pp | Sep 2024 −20.3 pp | Dec 2024 −0.6 pp | Mar 2025 +0.7 pp | Jun 2025 +0.1 pp | Sep 2025 +19.6 pp | Dec 2025 −0.6 pp | Mar 2026 −37.1 pp | Jun 2026 +0.2 pp - LKQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.2 pp | Mar 2023 0.0 pp | Jun 2023 −1.7 pp | Sep 2023 −0.8 pp | Dec 2023 −0.6 pp | Mar 2024 −1.0 pp | Jun 2024 −1.1 pp | Sep 2024 −0.4 pp | Dec 2024 −0.1 pp | Mar 2025 −0.4 pp | Jun 2025 −0.3 pp | Sep 2025 −0.3 pp | Dec 2025 −0.9 pp | Mar 2026 −0.4 pp | Jun 2026 — - GTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.9 pp | Dec 2022 +0.1 pp | Mar 2023 −0.5 pp | Jun 2023 +1.7 pp | Sep 2023 −0.1 pp | Dec 2023 +0.9 pp | Mar 2024 −1.3 pp | Jun 2024 −0.4 pp | Sep 2024 +1.2 pp | Dec 2024 +1.3 pp | Mar 2025 +1.8 pp | Jun 2025 +1.5 pp | Sep 2025 +1.9 pp | Dec 2025 +0.8 pp | Mar 2026 +3.3 pp | Jun 2026 — - GNTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +0.3 pp | Mar 2023 +0.4 pp | Jun 2023 +1.7 pp | Sep 2023 +1.3 pp | Dec 2023 +1.3 pp | Mar 2024 +0.1 pp | Jun 2024 −1.1 pp | Sep 2024 −0.4 pp | Dec 2024 −2.3 pp | Mar 2025 −1.1 pp | Jun 2025 −0.1 pp | Sep 2025 −0.4 pp | Dec 2025 +1.1 pp | Mar 2026 +0.3 pp | Jun 2026 +0.8 pp - DORM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −2.2 pp | Mar 2023 — | Jun 2023 −3.6 pp | Sep 2023 0.0 pp | Dec 2023 +2.0 pp | Mar 2024 — | Jun 2024 +2.9 pp | Sep 2024 +0.5 pp | Dec 2024 +0.3 pp | Mar 2025 +1.2 pp | Jun 2025 +0.2 pp | Sep 2025 +1.0 pp | Dec 2025 −3.2 pp | Mar 2026 −1.4 pp | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +43.6 pp | Dec 2022 +5.6 pp | Mar 2023 −1.5 pp | Jun 2023 — | Sep 2023 −28.5 pp | Dec 2023 +2.0 pp | Mar 2024 −2.0 pp | Jun 2024 −6.6 pp | Sep 2024 −7.9 pp | Dec 2024 −1.6 pp | Mar 2025 −2.3 pp | Jun 2025 −0.9 pp | Sep 2025 +1.1 pp | Dec 2025 +0.8 pp | Mar 2026 −1.0 pp | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.7 pp | Mar 2023 — | Jun 2023 −1.5 pp | Sep 2023 −1.1 pp | Dec 2023 −3.6 pp | Mar 2024 — | Jun 2024 −0.7 pp | Sep 2024 −1.0 pp | Dec 2024 −11.9 pp | Mar 2025 — | Jun 2025 −2.7 pp | Sep 2025 −0.5 pp | Dec 2025 +13.3 pp | Mar 2026 — | Jun 2026 +3.0 pp - QS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −2.4 pp | Mar 2023 −1.7 pp | Jun 2023 −2.8 pp | Sep 2023 −0.5 pp | Dec 2023 −1.4 pp | Mar 2024 −2.4 pp | Jun 2024 −1.8 pp | Sep 2024 −1.5 pp | Dec 2024 −0.8 pp | Mar 2025 +0.1 pp | Jun 2025 +0.1 pp | Sep 2025 +0.3 pp | Dec 2025 +0.7 pp | Mar 2026 +0.5 pp | Jun 2026 +0.8 pp - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.8 pp | Dec 2022 +2.9 pp | Mar 2023 — | Jun 2023 — | Sep 2023 −2.2 pp | Dec 2023 −0.1 pp | Mar 2024 −1.5 pp | Jun 2024 −1.3 pp | Sep 2024 +0.6 pp | Dec 2024 −1.0 pp | Mar 2025 −0.3 pp | Jun 2025 +0.6 pp | Sep 2025 −1.0 pp | Dec 2025 +0.6 pp | Mar 2026 +0.3 pp | Jun 2026 — - DAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.6 pp | Dec 2022 −0.3 pp | Mar 2023 +0.5 pp | Jun 2023 +1.2 pp | Sep 2023 +3.7 pp | Dec 2023 −0.4 pp | Mar 2024 −0.3 pp | Jun 2024 −2.4 pp | Sep 2024 −1.8 pp | Dec 2024 −2.9 pp | Mar 2025 −1.2 pp | Jun 2025 +0.6 pp | Sep 2025 +1.4 pp | Dec 2025 +3.7 pp | Mar 2026 +1.1 pp | Jun 2026 — - VC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.7 pp | Dec 2022 +1.3 pp | Mar 2023 +2.2 pp | Jun 2023 +1.7 pp | Sep 2023 +2.4 pp | Dec 2023 +0.6 pp | Mar 2024 0.0 pp | Jun 2024 +2.3 pp | Sep 2024 −3.5 pp | Dec 2024 −0.6 pp | Mar 2025 +0.7 pp | Jun 2025 −1.5 pp | Sep 2025 +0.4 pp | Dec 2025 −1.2 pp | Mar 2026 −2.9 pp | Jun 2026 −1.4 pp - GT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −1.7 pp | Mar 2023 −1.5 pp | Jun 2023 −2.2 pp | Sep 2023 −1.1 pp | Dec 2023 −2.0 pp | Mar 2024 +0.4 pp | Jun 2024 +1.5 pp | Sep 2024 +0.3 pp | Dec 2024 +3.1 pp | Mar 2025 −0.8 pp | Jun 2025 −1.2 pp | Sep 2025 −4.7 pp | Dec 2025 +0.4 pp | Mar 2026 −0.6 pp | Jun 2026 — - ADNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −15.0 pp | Dec 2022 +0.7 pp | Mar 2023 +0.9 pp | Jun 2023 +2.4 pp | Sep 2023 +0.4 pp | Dec 2023 +0.1 pp | Mar 2024 −1.5 pp | Jun 2024 −1.3 pp | Sep 2024 −0.2 pp | Dec 2024 −0.2 pp | Mar 2025 −4.1 pp | Jun 2025 +0.5 pp | Sep 2025 −0.1 pp | Dec 2025 0.0 pp | Mar 2026 +6.5 pp | Jun 2026 — - THRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −2.4 pp | Mar 2023 +0.1 pp | Jun 2023 −0.6 pp | Sep 2023 −0.2 pp | Dec 2023 +3.0 pp | Mar 2024 −0.2 pp | Jun 2024 +3.1 pp | Sep 2024 +0.9 pp | Dec 2024 −0.8 pp | Mar 2025 −0.1 pp | Jun 2025 −1.1 pp | Sep 2025 −1.0 pp | Dec 2025 −0.7 pp | Mar 2026 −0.7 pp | Jun 2026 −1.5 pp - DCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 +0.5 pp | Mar 2023 −0.7 pp | Jun 2023 +0.1 pp | Sep 2023 −0.9 pp | Dec 2023 −0.5 pp | Mar 2024 +1.0 pp | Jun 2024 +0.8 pp | Sep 2024 +0.5 pp | Dec 2024 +0.2 pp | Mar 2025 −0.7 pp | Jun 2025 −0.7 pp | Sep 2025 +0.2 pp | Dec 2025 −1.6 pp | Mar 2026 −1.6 pp | Jun 2026 — - XPEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −1.6 pp | Mar 2023 −0.2 pp | Jun 2023 −1.6 pp | Sep 2023 −3.6 pp | Dec 2023 0.0 pp | Mar 2024 −4.8 pp | Jun 2024 −2.9 pp | Sep 2024 −1.7 pp | Dec 2024 −2.1 pp | Mar 2025 +0.1 pp | Jun 2025 −1.6 pp | Sep 2025 −2.6 pp | Dec 2025 +0.2 pp | Mar 2026 0.0 pp | Jun 2026 — - PLOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.0 pp | Dec 2022 +0.8 pp | Mar 2023 −2.3 pp | Jun 2023 +1.9 pp | Sep 2023 −1.6 pp | Dec 2023 −0.8 pp | Mar 2024 +1.5 pp | Jun 2024 +0.4 pp | Sep 2024 +6.8 pp | Dec 2024 0.0 pp | Mar 2025 +2.1 pp | Jun 2025 0.0 pp | Sep 2025 −6.5 pp | Dec 2025 +1.1 pp | Mar 2026 +1.2 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Garrett Motion Inc. has the lowest comparable Guarded PEG at 0.33×, 13.2% below Magna International Inc.. Only 13 of 29 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Garrett Motion Inc. · 0.33× | 13.2% versus #2 · Magna International Inc. | 0/8 recent comparable periods | 13/29 companies · 90 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction. ### Guarded PEG — lowest PEG 1. Garrett Motion Inc. (GTX): 0.3 2. Magna International Inc. (MGA): 0.4 3. Aptiv PLC (APTV): 0.7 4. Allison Transmission Holdings, Inc. (ALSN): 0.7 5. Douglas Dynamics, Inc. (PLOW): 1.0 ### P/E — lowest P/E 1. Dana Incorporated (DAN): 3.1 2. The Goodyear Tire & Rubber Company (GT): 7.5 3. Garrett Motion Inc. (GTX): 10.6 4. Lear Corporation (LEA): 11.9 5. Visteon Corporation (VC): 13.0 ### 20-quarter Guarded PEG history - ORLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 2.2 | Jun 2023 1.9 | Sep 2023 1.6 | Dec 2023 1.6 | Mar 2024 2.1 | Jun 2024 2.6 | Sep 2024 4.0 | Dec 2024 5.8 | Mar 2025 — | Jun 2025 6.1 | Sep 2025 5.3 | Dec 2025 3.2 | Mar 2026 2.3 | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.7 | Sep 2023 1.4 | Dec 2023 1.2 | Mar 2024 1.1 | Jun 2024 1.5 | Sep 2024 1.7 | Dec 2024 2.4 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MGA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.4 | Sep 2023 1.2 | Dec 2023 — | Mar 2024 — | Jun 2024 2.1 | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 0.4 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - GPC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.6 | Jun 2023 1.8 | Sep 2023 2.7 | Dec 2023 1.2 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - BWA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.3 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 1.2 | Jun 2026 — - APTV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.7 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.5 | Jun 2024 0.7 | Sep 2024 0.7 | Dec 2024 1.1 | Mar 2025 0.7 | Jun 2025 0.7 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 6.0 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.7 | Jun 2025 2.0 | Sep 2025 3.1 | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.2 | Jun 2023 1.1 | Sep 2023 1.9 | Dec 2023 1.1 | Mar 2024 0.6 | Jun 2024 — | Sep 2024 0.2 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 0.6 | Sep 2025 0.5 | Dec 2025 0.7 | Mar 2026 1.6 | Jun 2026 — - LKQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.1 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - GTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.6 | Mar 2026 0.3 | Jun 2026 — - GNTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.1 | Sep 2023 0.7 | Dec 2023 0.5 | Mar 2024 0.6 | Jun 2024 1.3 | Sep 2024 1.7 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - DORM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.4 | Sep 2025 0.6 | Dec 2025 2.3 | Mar 2026 — | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 2.3 | Mar 2025 1.3 | Jun 2025 1.9 | Sep 2025 1.6 | Dec 2025 1.6 | Mar 2026 1.5 | Jun 2026 — - VC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.5 | Sep 2023 1.0 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - DCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.5 | Dec 2025 — | Mar 2026 — | Jun 2026 — - XPEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.1 | Jun 2023 1.1 | Sep 2023 1.7 | Dec 2023 1.0 | Mar 2024 4.6 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 2.1 | Mar 2026 2.0 | Jun 2026 — - PLOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.0 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ### 20-quarter P/E history - ORLY: Sep 2021 21.2 | Dec 2021 22.7 | Mar 2022 21.9 | Jun 2022 20.0 | Sep 2022 21.5 | Dec 2022 25.2 | Mar 2023 24.5 | Jun 2023 26.5 | Sep 2023 24.2 | Dec 2023 24.7 | Mar 2024 28.7 | Jun 2024 26.6 | Sep 2024 28.5 | Dec 2024 29.2 | Mar 2025 35.2 | Jun 2025 32.3 | Sep 2025 37.4 | Dec 2025 30.7 | Mar 2026 30.2 | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 18.1 | Mar 2022 17.7 | Jun 2022 17.7 | Sep 2022 18.5 | Dec 2022 20.6 | Mar 2023 20.7 | Jun 2023 21.2 | Sep 2023 18.5 | Dec 2023 19.1 | Mar 2024 18.9 | Jun 2024 20.4 | Sep 2024 21.3 | Dec 2024 20.7 | Mar 2025 23.2 | Jun 2025 24.8 | Sep 2025 29.0 | Dec 2025 27.2 | Mar 2026 27.0 | Jun 2026 24.0 - MGA: Sep 2021 12.7 | Dec 2021 16.2 | Mar 2022 15.3 | Jun 2022 24.3 | Sep 2022 14.7 | Dec 2022 27.6 | Mar 2023 35.2 | Jun 2023 17.4 | Sep 2023 14.8 | Dec 2023 14.0 | Mar 2024 15.5 | Jun 2024 12.2 | Sep 2024 11.0 | Dec 2024 11.9 | Mar 2025 8.5 | Jun 2025 9.1 | Sep 2025 12.9 | Dec 2025 18.2 | Mar 2026 23.4 | Jun 2026 — - GPC: Sep 2021 21.5 | Dec 2021 22.5 | Mar 2022 19.5 | Jun 2022 17.2 | Sep 2022 17.9 | Dec 2022 20.9 | Mar 2023 19.2 | Jun 2023 19.8 | Sep 2023 16.3 | Dec 2023 14.8 | Mar 2024 17.3 | Jun 2024 16.0 | Sep 2024 18.0 | Dec 2024 18.1 | Mar 2025 19.6 | Jun 2025 20.9 | Sep 2025 23.9 | Dec 2025 261.6 | Mar 2026 245.9 | Jun 2026 471.9 - BWA: Sep 2021 11.8 | Dec 2021 27.7 | Mar 2022 12.2 | Jun 2022 10.9 | Sep 2022 9.2 | Dec 2022 13.2 | Mar 2023 12.5 | Jun 2023 12.3 | Sep 2023 12.8 | Dec 2023 13.4 | Mar 2024 11.9 | Jun 2024 9.7 | Sep 2024 9.0 | Dec 2024 21.2 | Mar 2025 21.5 | Jun 2025 34.5 | Sep 2025 68.7 | Dec 2025 35.2 | Mar 2026 32.1 | Jun 2026 — - APTV: Sep 2021 50.8 | Dec 2021 85.0 | Mar 2022 100.6 | Jun 2022 212.1 | Sep 2022 68.0 | Dec 2022 47.5 | Mar 2023 50.5 | Jun 2023 31.0 | Sep 2023 12.3 | Dec 2023 8.6 | Mar 2024 7.5 | Jun 2024 5.3 | Sep 2024 8.0 | Dec 2024 8.7 | Mar 2025 9.9 | Jun 2025 15.6 | Sep 2025 68.4 | Dec 2025 101.5 | Mar 2026 41.1 | Jun 2026 — - ALSN: Sep 2021 10.1 | Dec 2021 8.8 | Mar 2022 9.0 | Jun 2022 8.4 | Sep 2022 6.5 | Dec 2022 7.5 | Mar 2023 7.4 | Jun 2023 8.4 | Sep 2023 8.4 | Dec 2023 7.9 | Mar 2024 10.8 | Jun 2024 9.9 | Sep 2024 11.7 | Dec 2024 13.0 | Mar 2025 11.1 | Jun 2025 10.1 | Sep 2025 10.4 | Dec 2025 13.4 | Mar 2026 18.2 | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 8.6 | Mar 2022 5.6 | Jun 2022 5.7 | Sep 2022 5.6 | Dec 2022 14.7 | Mar 2023 8.0 | Jun 2023 9.5 | Sep 2023 11.8 | Dec 2023 14.1 | Mar 2024 31.4 | Jun 2024 32.7 | Sep 2024 43.5 | Dec 2024 38.9 | Mar 2025 22.4 | Jun 2025 28.2 | Sep 2025 41.1 | Dec 2025 74.2 | Mar 2026 95.9 | Jun 2026 — - ALV: Sep 2021 14.8 | Dec 2021 20.9 | Mar 2022 18.6 | Jun 2022 18.6 | Sep 2022 15.3 | Dec 2022 15.8 | Mar 2023 19.5 | Jun 2023 19.0 | Sep 2023 19.9 | Dec 2023 19.3 | Mar 2024 18.8 | Jun 2024 14.2 | Sep 2024 12.1 | Dec 2024 11.7 | Mar 2025 10.2 | Jun 2025 12.2 | Sep 2025 12.7 | Dec 2025 12.4 | Mar 2026 11.3 | Jun 2026 13.6 - LEA: Sep 2021 — | Dec 2021 17.4 | Mar 2022 — | Jun 2022 39.2 | Sep 2022 67.4 | Dec 2022 31.0 | Mar 2023 — | Jun 2023 19.8 | Sep 2023 16.4 | Dec 2023 14.6 | Mar 2024 15.8 | Jun 2024 12.2 | Sep 2024 11.9 | Dec 2024 10.6 | Mar 2025 10.3 | Jun 2025 11.0 | Sep 2025 12.4 | Dec 2025 14.1 | Mar 2026 — | Jun 2026 11.9 - LKQ: Sep 2021 14.6 | Dec 2021 16.4 | Mar 2022 12.2 | Jun 2022 11.7 | Sep 2022 11.3 | Dec 2022 13.0 | Mar 2023 13.6 | Jun 2023 15.6 | Sep 2023 14.0 | Dec 2023 13.7 | Mar 2024 17.2 | Jun 2024 15.1 | Sep 2024 14.7 | Dec 2024 14.0 | Mar 2025 15.9 | Jun 2025 13.6 | Sep 2025 11.3 | Dec 2025 12.9 | Mar 2026 14.5 | Jun 2026 — - GTX: Sep 2021 5.0 | Dec 2021 5.2 | Mar 2022 4.0 | Jun 2022 11.4 | Sep 2022 7.1 | Dec 2022 10.2 | Mar 2023 10.6 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 8.5 | Sep 2024 8.0 | Dec 2024 7.2 | Mar 2025 6.5 | Jun 2025 7.4 | Sep 2025 8.7 | Dec 2025 11.5 | Mar 2026 10.6 | Jun 2026 — - GNTX: Sep 2021 19.2 | Dec 2021 23.2 | Mar 2022 20.8 | Jun 2022 20.7 | Sep 2022 17.8 | Dec 2022 20.1 | Mar 2023 19.9 | Jun 2023 18.6 | Sep 2023 19.0 | Dec 2023 17.8 | Mar 2024 19.1 | Jun 2024 18.8 | Sep 2024 15.9 | Dec 2024 16.3 | Mar 2025 13.6 | Jun 2025 12.4 | Sep 2025 16.7 | Dec 2025 13.4 | Mar 2026 12.3 | Jun 2026 13.4 - DORM: Sep 2021 23.2 | Dec 2021 25.8 | Mar 2022 22.4 | Jun 2022 23.7 | Sep 2022 19.1 | Dec 2022 21.0 | Mar 2023 — | Jun 2023 29.5 | Sep 2023 28.6 | Dec 2023 20.3 | Mar 2024 19.4 | Jun 2024 16.8 | Sep 2024 19.0 | Dec 2024 21.1 | Mar 2025 17.3 | Jun 2025 16.9 | Sep 2025 19.3 | Dec 2025 18.6 | Mar 2026 16.9 | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 9.9 | Sep 2023 10.1 | Dec 2023 11.5 | Mar 2024 16.5 | Jun 2024 13.8 | Sep 2024 17.5 | Dec 2024 17.7 | Mar 2025 16.6 | Jun 2025 16.1 | Sep 2025 18.8 | Dec 2025 20.8 | Mar 2026 22.3 | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 21.7 | Mar 2022 25.9 | Jun 2022 24.3 | Sep 2022 21.9 | Dec 2022 20.5 | Mar 2023 — | Jun 2023 19.7 | Sep 2023 13.0 | Dec 2023 22.8 | Mar 2024 — | Jun 2024 524.6 | Sep 2024 — | Dec 2024 94.4 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 53.3 | Jun 2026 80.8 - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 13.1 | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 6.3 | Sep 2023 8.7 | Dec 2023 14.0 | Mar 2024 18.8 | Jun 2024 24.5 | Sep 2024 19.8 | Dec 2024 27.4 | Mar 2025 24.1 | Jun 2025 17.2 | Sep 2025 25.9 | Dec 2025 19.4 | Mar 2026 19.1 | Jun 2026 — - DAN: Sep 2021 15.4 | Dec 2021 16.9 | Mar 2022 17.8 | Jun 2022 20.4 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 56.2 | Mar 2024 141.1 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 37.1 | Mar 2026 3.1 | Jun 2026 — - VC: Sep 2021 50.5 | Dec 2021 77.2 | Mar 2022 66.1 | Jun 2022 35.8 | Sep 2022 25.0 | Dec 2022 30.1 | Mar 2023 33.0 | Jun 2023 31.2 | Sep 2023 25.7 | Dec 2023 6.3 | Mar 2024 6.7 | Jun 2024 5.5 | Sep 2024 5.2 | Dec 2024 8.4 | Mar 2025 7.2 | Jun 2025 8.6 | Sep 2025 10.4 | Dec 2025 13.1 | Mar 2026 10.8 | Jun 2026 13.0 - GT: Sep 2021 16.9 | Dec 2021 7.4 | Mar 2022 4.8 | Jun 2022 3.3 | Sep 2022 3.4 | Dec 2022 14.3 | Mar 2023 551.0 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 56.3 | Mar 2025 11.6 | Jun 2025 7.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ADNT: Sep 2021 3.6 | Dec 2021 5.1 | Mar 2022 5.2 | Jun 2022 3.6 | Sep 2022 — | Dec 2022 — | Mar 2023 341.3 | Jun 2023 31.7 | Sep 2023 17.1 | Dec 2023 16.2 | Mar 2024 20.2 | Jun 2024 33.4 | Sep 2024 112.9 | Dec 2024 861.5 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 28.5 | Jun 2026 — - THRM: Sep 2021 25.1 | Dec 2021 31.2 | Mar 2022 33.7 | Jun 2022 38.1 | Sep 2022 34.1 | Dec 2022 89.4 | Mar 2023 99.1 | Jun 2023 161.5 | Sep 2023 100.5 | Dec 2023 42.9 | Mar 2024 39.4 | Jun 2024 23.4 | Sep 2024 21.8 | Dec 2024 19.4 | Mar 2025 16.7 | Jun 2025 27.7 | Sep 2025 34.1 | Dec 2025 61.6 | Mar 2026 37.0 | Jun 2026 39.2 - DCH: Sep 2021 11.9 | Dec 2021 186.6 | Mar 2022 — | Jun 2022 — | Sep 2022 683.0 | Dec 2022 14.5 | Mar 2023 16.3 | Jun 2023 23.0 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 699.0 | Sep 2024 25.8 | Dec 2024 20.1 | Mar 2025 23.9 | Jun 2025 12.0 | Sep 2025 18.2 | Dec 2025 — | Mar 2026 — | Jun 2026 — - XPEL: Sep 2021 66.5 | Dec 2021 59.9 | Mar 2022 45.0 | Jun 2022 37.3 | Sep 2022 45.7 | Dec 2022 40.0 | Mar 2023 41.9 | Jun 2023 47.9 | Sep 2023 43.6 | Dec 2023 28.2 | Mar 2024 31.2 | Jun 2024 20.9 | Sep 2024 24.8 | Dec 2024 24.2 | Mar 2025 17.2 | Jun 2025 20.4 | Sep 2025 19.6 | Dec 2025 27.0 | Mar 2026 23.2 | Jun 2026 — - PLOW: Sep 2021 21.2 | Dec 2021 30.3 | Mar 2022 31.7 | Jun 2022 23.2 | Sep 2022 18.7 | Dec 2022 22.2 | Mar 2023 26.1 | Jun 2023 20.2 | Sep 2023 26.0 | Dec 2023 30.3 | Mar 2024 20.6 | Jun 2024 19.8 | Sep 2024 12.0 | Dec 2024 10.0 | Mar 2025 8.6 | Jun 2025 10.6 | Sep 2025 17.9 | Dec 2025 16.7 | Mar 2026 19.0 | Jun 2026 — ## Enterprise Value & Book Value What the numbers say: Mobileye Global Inc. leads both ev/ebitda at 3.18× and p/bv at 0.23×. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/bv signal. Evidence: Mobileye Global Inc. · 3.18× | 29.3% versus #2 · Adient plc | 0/8 recent comparable periods | 27/29 companies · 467 observations Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts. ### EV/EBITDA — lowest EV/EBITDA 1. Mobileye Global Inc. (MBLY): 3.2 2. Adient plc (ADNT): 4.5 3. Lear Corporation (LEA): 5.5 4. Versigent PLC (VGNT): 6.2 5. The Goodyear Tire & Rubber Company (GT): 6.8 ### P/BV — lowest P/BV 1. Mobileye Global Inc. (MBLY): 0.2 2. The Goodyear Tire & Rubber Company (GT): 0.7 3. Adient plc (ADNT): 0.9 4. Dauch Corporation (DCH): 0.9 5. LKQ Corporation (LKQ): 1.2 ### 20-quarter EV/EBITDA history - ORLY: Sep 2021 15.1 | Dec 2021 16.3 | Mar 2022 15.8 | Jun 2022 14.4 | Sep 2022 15.4 | Dec 2022 17.8 | Mar 2023 17.5 | Jun 2023 18.8 | Sep 2023 17.3 | Dec 2023 17.9 | Mar 2024 20.3 | Jun 2024 18.8 | Sep 2024 20.2 | Dec 2024 20.5 | Mar 2025 24.2 | Jun 2025 22.4 | Sep 2025 25.7 | Dec 2025 21.4 | Mar 2026 20.9 | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 13.0 | Mar 2022 13.0 | Jun 2022 13.2 | Sep 2022 13.6 | Dec 2022 15.0 | Mar 2023 15.2 | Jun 2023 15.5 | Sep 2023 13.7 | Dec 2023 13.9 | Mar 2024 13.8 | Jun 2024 14.5 | Sep 2024 15.2 | Dec 2024 14.8 | Mar 2025 16.2 | Jun 2025 17.0 | Sep 2025 19.4 | Dec 2025 18.3 | Mar 2026 18.1 | Jun 2026 16.3 - MGA: Sep 2021 10.7 | Dec 2021 14.2 | Mar 2022 13.4 | Jun 2022 13.1 | Sep 2022 5.6 | Dec 2022 24.0 | Mar 2023 7.9 | Jun 2023 13.1 | Sep 2023 11.8 | Dec 2023 11.5 | Mar 2024 11.0 | Jun 2024 9.4 | Sep 2024 9.3 | Dec 2024 4.5 | Mar 2025 8.2 | Jun 2025 9.0 | Sep 2025 10.0 | Dec 2025 5.1 | Mar 2026 9.4 | Jun 2026 — - GPC: Sep 2021 14.5 | Dec 2021 15.4 | Mar 2022 14.1 | Jun 2022 12.5 | Sep 2022 12.6 | Dec 2022 14.3 | Mar 2023 13.3 | Jun 2023 13.8 | Sep 2023 11.8 | Dec 2023 11.0 | Mar 2024 12.2 | Jun 2024 11.5 | Sep 2024 12.2 | Dec 2024 13.1 | Mar 2025 13.6 | Jun 2025 14.0 | Sep 2025 15.2 | Dec 2025 15.3 | Mar 2026 13.7 | Jun 2026 15.1 - BWA: Sep 2021 10.4 | Dec 2021 13.5 | Mar 2022 10.3 | Jun 2022 9.6 | Sep 2022 9.1 | Dec 2022 11.6 | Mar 2023 12.7 | Jun 2023 12.1 | Sep 2023 10.9 | Dec 2023 6.2 | Mar 2024 9.2 | Jun 2024 8.7 | Sep 2024 9.7 | Dec 2024 7.5 | Mar 2025 17.6 | Jun 2025 19.5 | Sep 2025 24.9 | Dec 2025 8.8 | Mar 2026 20.7 | Jun 2026 — - APTV: Sep 2021 19.4 | Dec 2021 23.5 | Mar 2022 19.4 | Jun 2022 16.6 | Sep 2022 12.6 | Dec 2022 15.2 | Mar 2023 17.0 | Jun 2023 14.0 | Sep 2023 13.3 | Dec 2023 12.3 | Mar 2024 10.8 | Jun 2024 9.3 | Sep 2024 9.5 | Dec 2024 7.7 | Mar 2025 7.3 | Jun 2025 7.6 | Sep 2025 11.4 | Dec 2025 10.4 | Mar 2026 10.2 | Jun 2026 — - ALSN: Sep 2021 7.7 | Dec 2021 7.3 | Mar 2022 7.3 | Jun 2022 7.1 | Sep 2022 5.9 | Dec 2022 6.5 | Mar 2023 6.5 | Jun 2023 7.1 | Sep 2023 7.0 | Dec 2023 6.6 | Mar 2024 8.4 | Jun 2024 7.7 | Sep 2024 8.9 | Dec 2024 9.8 | Mar 2025 8.7 | Jun 2025 8.5 | Sep 2025 8.0 | Dec 2025 9.5 | Mar 2026 13.7 | Jun 2026 — - MOD: Sep 2021 — | Dec 2021 6.2 | Mar 2022 4.7 | Jun 2022 4.6 | Sep 2022 4.5 | Dec 2022 7.6 | Mar 2023 7.3 | Jun 2023 8.1 | Sep 2023 9.5 | Dec 2023 11.1 | Mar 2024 18.1 | Jun 2024 18.1 | Sep 2024 22.4 | Dec 2024 19.4 | Mar 2025 11.9 | Jun 2025 15.4 | Sep 2025 22.2 | Dec 2025 19.4 | Mar 2026 28.0 | Jun 2026 — - ALV: Sep 2021 7.3 | Dec 2021 9.6 | Mar 2022 8.2 | Jun 2022 8.4 | Sep 2022 7.4 | Dec 2022 7.8 | Mar 2023 9.6 | Jun 2023 8.9 | Sep 2023 9.3 | Dec 2023 10.0 | Mar 2024 10.3 | Jun 2024 8.4 | Sep 2024 7.6 | Dec 2024 6.6 | Mar 2025 6.2 | Jun 2025 7.2 | Sep 2025 7.6 | Dec 2025 7.1 | Mar 2026 6.6 | Jun 2026 7.1 - LEA: Sep 2021 — | Dec 2021 7.6 | Mar 2022 — | Jun 2022 9.4 | Sep 2022 9.3 | Dec 2022 7.7 | Mar 2023 — | Jun 2023 7.5 | Sep 2023 7.1 | Dec 2023 6.4 | Mar 2024 6.8 | Jun 2024 5.6 | Sep 2024 5.5 | Dec 2024 4.6 | Mar 2025 4.6 | Jun 2025 4.8 | Sep 2025 5.0 | Dec 2025 5.6 | Mar 2026 — | Jun 2026 5.5 - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 51.1 | Mar 2023 — | Jun 2023 69.7 | Sep 2023 70.0 | Dec 2023 65.7 | Mar 2024 49.6 | Jun 2024 43.1 | Sep 2024 20.5 | Dec 2024 — | Mar 2025 106.5 | Jun 2025 — | Sep 2025 74.4 | Dec 2025 86.4 | Mar 2026 48.0 | Jun 2026 3.2 - LKQ: Sep 2021 10.3 | Dec 2021 12.1 | Mar 2022 9.5 | Jun 2022 9.1 | Sep 2022 8.8 | Dec 2022 9.8 | Mar 2023 10.3 | Jun 2023 11.3 | Sep 2023 11.2 | Dec 2023 11.0 | Mar 2024 12.2 | Jun 2024 10.6 | Sep 2024 10.2 | Dec 2024 9.5 | Mar 2025 10.7 | Jun 2025 9.8 | Sep 2025 8.5 | Dec 2025 8.8 | Mar 2026 9.1 | Jun 2026 — - GTX: Sep 2021 2.1 | Dec 2021 2.2 | Mar 2022 2.5 | Jun 2022 2.8 | Sep 2022 2.4 | Dec 2022 2.6 | Mar 2023 2.4 | Jun 2023 6.2 | Sep 2023 6.6 | Dec 2023 6.2 | Mar 2024 6.8 | Jun 2024 5.5 | Sep 2024 5.7 | Dec 2024 5.9 | Mar 2025 5.5 | Jun 2025 6.0 | Sep 2025 6.1 | Dec 2025 7.9 | Mar 2026 7.5 | Jun 2026 — - GNTX: Sep 2021 12.9 | Dec 2021 15.7 | Mar 2022 13.7 | Jun 2022 13.6 | Sep 2022 11.6 | Dec 2022 13.2 | Mar 2023 13.3 | Jun 2023 12.7 | Sep 2023 13.3 | Dec 2023 12.4 | Mar 2024 13.4 | Jun 2024 12.7 | Sep 2024 11.0 | Dec 2024 11.3 | Mar 2025 9.2 | Jun 2025 8.6 | Sep 2025 11.0 | Dec 2025 8.4 | Mar 2026 7.6 | Jun 2026 10.1 - DORM: Sep 2021 16.0 | Dec 2021 17.4 | Mar 2022 15.1 | Jun 2022 15.9 | Sep 2022 12.8 | Dec 2022 15.4 | Mar 2023 — | Jun 2023 18.3 | Sep 2023 16.0 | Dec 2023 12.0 | Mar 2024 11.8 | Jun 2024 10.5 | Sep 2024 11.9 | Dec 2024 12.8 | Mar 2025 11.2 | Jun 2025 11.2 | Sep 2025 12.8 | Dec 2025 11.9 | Mar 2026 10.9 | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 10.4 | Sep 2023 10.0 | Dec 2023 10.1 | Mar 2024 13.4 | Jun 2024 11.4 | Sep 2024 13.8 | Dec 2024 14.2 | Mar 2025 13.4 | Jun 2025 12.9 | Sep 2025 14.1 | Dec 2025 15.5 | Mar 2026 17.3 | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 14.1 | Mar 2022 16.3 | Jun 2022 16.1 | Sep 2022 14.6 | Dec 2022 13.7 | Mar 2023 — | Jun 2023 15.9 | Sep 2023 12.2 | Dec 2023 16.3 | Mar 2024 — | Jun 2024 23.8 | Sep 2024 26.7 | Dec 2024 16.4 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 19.4 | Jun 2026 13.9 - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 6.2 | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 4.5 | Dec 2023 4.4 | Mar 2024 8.8 | Jun 2024 8.5 | Sep 2024 8.7 | Dec 2024 6.0 | Mar 2025 9.4 | Jun 2025 9.0 | Sep 2025 12.2 | Dec 2025 7.3 | Mar 2026 12.5 | Jun 2026 — - DAN: Sep 2021 7.3 | Dec 2021 7.5 | Mar 2022 7.2 | Jun 2022 6.9 | Sep 2022 8.7 | Dec 2022 9.8 | Mar 2023 10.0 | Jun 2023 9.1 | Sep 2023 6.3 | Dec 2023 20.2 | Mar 2024 6.4 | Jun 2024 7.3 | Sep 2024 8.7 | Dec 2024 10.3 | Mar 2025 17.8 | Jun 2025 20.8 | Sep 2025 17.2 | Dec 2025 9.8 | Mar 2026 8.3 | Jun 2026 — - VC: Sep 2021 17.2 | Dec 2021 18.8 | Mar 2022 19.2 | Jun 2022 15.6 | Sep 2022 12.6 | Dec 2022 13.7 | Mar 2023 14.7 | Jun 2023 12.4 | Sep 2023 10.7 | Dec 2023 9.2 | Mar 2024 8.6 | Jun 2024 7.0 | Sep 2024 6.7 | Dec 2024 5.9 | Mar 2025 4.8 | Jun 2025 5.8 | Sep 2025 6.9 | Dec 2025 5.3 | Mar 2026 5.9 | Jun 2026 6.8 - GT: Sep 2021 7.7 | Dec 2021 7.2 | Mar 2022 6.2 | Jun 2022 5.4 | Sep 2022 5.5 | Dec 2022 5.7 | Mar 2023 7.2 | Jun 2023 9.2 | Sep 2023 10.0 | Dec 2023 16.9 | Mar 2024 10.0 | Jun 2024 8.1 | Sep 2024 9.0 | Dec 2024 6.6 | Mar 2025 6.2 | Jun 2025 7.1 | Sep 2025 13.1 | Dec 2025 16.9 | Mar 2026 6.8 | Jun 2026 — - ADNT: Sep 2021 3.2 | Dec 2021 3.6 | Mar 2022 3.7 | Jun 2022 3.1 | Sep 2022 7.6 | Dec 2022 8.0 | Mar 2023 8.3 | Jun 2023 6.5 | Sep 2023 6.1 | Dec 2023 6.1 | Mar 2024 6.4 | Jun 2024 6.0 | Sep 2024 5.6 | Dec 2024 5.1 | Mar 2025 7.2 | Jun 2025 7.7 | Sep 2025 8.5 | Dec 2025 7.8 | Mar 2026 4.5 | Jun 2026 — - THRM: Sep 2021 14.7 | Dec 2021 17.8 | Mar 2022 18.2 | Jun 2022 19.3 | Sep 2022 16.7 | Dec 2022 24.6 | Mar 2023 20.9 | Jun 2023 19.4 | Sep 2023 18.3 | Dec 2023 13.6 | Mar 2024 15.1 | Jun 2024 10.6 | Sep 2024 9.2 | Dec 2024 8.5 | Mar 2025 6.2 | Jun 2025 6.7 | Sep 2025 8.1 | Dec 2025 8.8 | Mar 2026 7.2 | Jun 2026 9.7 - DCH: Sep 2021 4.4 | Dec 2021 4.8 | Mar 2022 4.8 | Jun 2022 5.0 | Sep 2022 4.8 | Dec 2022 4.6 | Mar 2023 4.9 | Jun 2023 4.9 | Sep 2023 4.8 | Dec 2023 5.4 | Mar 2024 4.9 | Jun 2024 4.5 | Sep 2024 4.2 | Dec 2024 4.0 | Mar 2025 4.0 | Jun 2025 4.2 | Sep 2025 4.3 | Dec 2025 7.4 | Mar 2026 10.2 | Jun 2026 — - XPEL: Sep 2021 49.7 | Dec 2021 43.0 | Mar 2022 31.6 | Jun 2022 25.4 | Sep 2022 30.7 | Dec 2022 27.4 | Mar 2023 28.6 | Jun 2023 32.6 | Sep 2023 29.4 | Dec 2023 19.8 | Mar 2024 21.3 | Jun 2024 14.1 | Sep 2024 16.6 | Dec 2024 15.6 | Mar 2025 11.1 | Jun 2025 13.2 | Sep 2025 12.2 | Dec 2025 17.9 | Mar 2026 15.3 | Jun 2026 — - PLOW: Sep 2021 12.9 | Dec 2021 15.4 | Mar 2022 15.6 | Jun 2022 13.9 | Sep 2022 12.5 | Dec 2022 13.0 | Mar 2023 14.6 | Jun 2023 12.5 | Sep 2023 14.1 | Dec 2023 13.7 | Mar 2024 11.1 | Jun 2024 10.9 | Sep 2024 8.5 | Dec 2024 7.2 | Mar 2025 6.8 | Jun 2025 8.3 | Sep 2025 12.2 | Dec 2025 10.8 | Mar 2026 12.6 | Jun 2026 — ### 20-quarter P/BV history - ORLY: Sep 2021 -293.7 | Dec 2021 -712.6 | Mar 2022 -137.5 | Jun 2022 -36.4 | Sep 2022 -36.6 | Dec 2022 -49.6 | Mar 2023 -31.9 | Jun 2023 -35.5 | Sep 2023 -30.8 | Dec 2023 -32.7 | Mar 2024 -47.9 | Jun 2024 -38.8 | Sep 2024 -46.3 | Dec 2024 -49.7 | Mar 2025 -60.3 | Jun 2025 -62.2 | Sep 2025 -102.1 | Dec 2025 -100.6 | Mar 2026 -72.0 | Jun 2026 — - AZO: Sep 2021 — | Dec 2021 -18.1 | Mar 2022 -12.4 | Jun 2022 -11.6 | Sep 2022 -11.7 | Dec 2022 -12.1 | Mar 2023 -11.3 | Jun 2023 -11.4 | Sep 2023 -10.1 | Dec 2023 -8.7 | Mar 2024 -9.6 | Jun 2024 -10.2 | Sep 2024 -11.3 | Dec 2024 -11.2 | Mar 2025 -13.0 | Jun 2025 -15.4 | Sep 2025 -20.5 | Dec 2025 -20.0 | Mar 2026 -21.9 | Jun 2026 -20.6 - MGA: Sep 2021 1.9 | Dec 2021 2.0 | Mar 2022 1.6 | Jun 2022 1.5 | Sep 2022 1.3 | Dec 2022 1.5 | Mar 2023 1.4 | Jun 2023 1.4 | Sep 2023 1.4 | Dec 2023 1.4 | Mar 2024 1.4 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 1.0 | Mar 2025 0.8 | Jun 2025 0.9 | Sep 2025 1.1 | Dec 2025 1.2 | Mar 2026 1.3 | Jun 2026 — - GPC: Sep 2021 5.4 | Dec 2021 5.7 | Mar 2022 5.0 | Jun 2022 5.2 | Sep 2022 5.7 | Dec 2022 6.5 | Mar 2023 6.0 | Jun 2023 5.8 | Sep 2023 4.8 | Dec 2023 4.4 | Mar 2024 4.9 | Jun 2024 4.2 | Sep 2024 4.1 | Dec 2024 3.7 | Mar 2025 3.7 | Jun 2025 3.6 | Sep 2025 4.0 | Dec 2025 3.8 | Mar 2026 3.3 | Jun 2026 3.6 - BWA: Sep 2021 1.4 | Dec 2021 1.4 | Mar 2022 1.2 | Jun 2022 1.0 | Sep 2022 1.0 | Dec 2022 1.2 | Mar 2023 1.4 | Jun 2023 1.3 | Sep 2023 1.7 | Dec 2023 1.4 | Mar 2024 1.4 | Jun 2024 1.2 | Sep 2024 1.3 | Dec 2024 1.3 | Mar 2025 1.1 | Jun 2025 1.2 | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 2.1 | Jun 2026 — - APTV: Sep 2021 4.9 | Dec 2021 5.4 | Mar 2022 3.9 | Jun 2022 3.0 | Sep 2022 2.6 | Dec 2022 2.9 | Mar 2023 3.4 | Jun 2023 3.1 | Sep 2023 2.6 | Dec 2023 2.2 | Mar 2024 2.0 | Jun 2024 1.6 | Sep 2024 1.9 | Dec 2024 1.6 | Mar 2025 1.5 | Jun 2025 1.5 | Sep 2025 2.0 | Dec 2025 1.8 | Mar 2026 1.6 | Jun 2026 — - AUR: Sep 2021 -3.4 | Dec 2021 3.8 | Mar 2022 1.9 | Jun 2022 1.0 | Sep 2022 1.3 | Dec 2022 0.8 | Mar 2023 1.0 | Jun 2023 2.4 | Sep 2023 1.7 | Dec 2023 3.4 | Mar 2024 2.3 | Jun 2024 2.5 | Sep 2024 5.0 | Dec 2024 5.8 | Mar 2025 6.6 | Jun 2025 4.8 | Sep 2025 4.5 | Dec 2025 3.5 | Mar 2026 4.1 | Jun 2026 — - ALSN: Sep 2021 5.2 | Dec 2021 5.7 | Mar 2022 5.6 | Jun 2022 4.9 | Sep 2022 4.1 | Dec 2022 4.4 | Mar 2023 4.2 | Jun 2023 4.8 | Sep 2023 4.5 | Dec 2023 4.1 | Mar 2024 5.3 | Jun 2024 4.5 | Sep 2024 5.1 | Dec 2024 5.6 | Mar 2025 4.9 | Jun 2025 4.5 | Sep 2025 3.8 | Dec 2025 4.3 | Mar 2026 5.1 | Jun 2026 — - MOD: Sep 2021 1.6 | Dec 2021 1.2 | Mar 2022 1.0 | Jun 2022 1.2 | Sep 2022 1.5 | Dec 2022 2.1 | Mar 2023 2.0 | Jun 2023 2.7 | Sep 2023 3.6 | Dec 2023 4.3 | Mar 2024 6.7 | Jun 2024 6.7 | Sep 2024 8.1 | Dec 2024 7.1 | Mar 2025 4.4 | Jun 2025 5.1 | Sep 2025 7.1 | Dec 2025 6.3 | Mar 2026 9.6 | Jun 2026 — - ALV: Sep 2021 2.9 | Dec 2021 3.4 | Mar 2022 2.5 | Jun 2022 2.5 | Sep 2022 2.3 | Dec 2022 2.5 | Mar 2023 3.1 | Jun 2023 2.9 | Sep 2023 3.3 | Dec 2023 3.6 | Mar 2024 4.1 | Jun 2024 3.8 | Sep 2024 3.3 | Dec 2024 3.2 | Mar 2025 2.9 | Jun 2025 3.5 | Sep 2025 3.7 | Dec 2025 3.5 | Mar 2026 3.0 | Jun 2026 3.4 - LEA: Sep 2021 — | Dec 2021 2.1 | Mar 2022 — | Jun 2022 1.8 | Sep 2022 1.7 | Dec 2022 1.7 | Mar 2023 — | Jun 2023 1.7 | Sep 2023 1.7 | Dec 2023 1.6 | Mar 2024 1.7 | Jun 2024 1.3 | Sep 2024 1.3 | Dec 2024 1.1 | Mar 2025 1.0 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 1.2 | Mar 2026 — | Jun 2026 1.2 - MBLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 1.9 | Mar 2023 — | Jun 2023 2.4 | Sep 2023 2.1 | Dec 2023 2.3 | Mar 2024 1.8 | Jun 2024 1.5 | Sep 2024 1.0 | Dec 2024 1.4 | Mar 2025 1.0 | Jun 2025 1.2 | Sep 2025 0.9 | Dec 2025 0.7 | Mar 2026 0.7 | Jun 2026 0.2 - LKQ: Sep 2021 2.5 | Dec 2021 3.0 | Mar 2022 2.2 | Jun 2022 2.4 | Sep 2022 2.4 | Dec 2022 2.6 | Mar 2023 2.7 | Jun 2023 2.6 | Sep 2023 2.2 | Dec 2023 2.1 | Mar 2024 2.3 | Jun 2024 1.8 | Sep 2024 1.7 | Dec 2024 1.6 | Mar 2025 1.8 | Jun 2025 1.5 | Sep 2025 1.2 | Dec 2025 1.2 | Mar 2026 1.2 | Jun 2026 — - GTX: Sep 2021 -0.8 | Dec 2021 -1.1 | Mar 2022 -1.3 | Jun 2022 -2.2 | Sep 2022 -3.6 | Dec 2022 -4.3 | Mar 2023 -6.2 | Jun 2023 -3.2 | Sep 2023 -2.8 | Dec 2023 -3.1 | Mar 2024 -3.1 | Jun 2024 -2.6 | Sep 2024 -2.3 | Dec 2024 -2.8 | Mar 2025 -2.4 | Jun 2025 -2.6 | Sep 2025 -3.3 | Dec 2025 -4.1 | Mar 2026 -4.4 | Jun 2026 — - GNTX: Sep 2021 4.1 | Dec 2021 4.3 | Mar 2022 3.6 | Jun 2022 3.3 | Sep 2022 2.8 | Dec 2022 3.1 | Mar 2023 3.1 | Jun 2023 3.1 | Sep 2023 3.4 | Dec 2023 3.3 | Mar 2024 3.5 | Jun 2024 3.2 | Sep 2024 2.8 | Dec 2024 2.6 | Mar 2025 2.1 | Jun 2025 2.0 | Sep 2025 2.5 | Dec 2025 2.0 | Mar 2026 1.9 | Jun 2026 — - DORM: Sep 2021 3.4 | Dec 2021 3.6 | Mar 2022 3.1 | Jun 2022 3.3 | Sep 2022 2.6 | Dec 2022 2.4 | Mar 2023 — | Jun 2023 2.6 | Sep 2023 2.3 | Dec 2023 2.2 | Mar 2024 2.6 | Jun 2024 2.3 | Sep 2024 2.8 | Dec 2024 3.1 | Mar 2025 2.8 | Jun 2025 2.7 | Sep 2025 3.2 | Dec 2025 2.5 | Mar 2026 2.1 | Jun 2026 — - ATMU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1,219.5 | Sep 2023 50.5 | Dec 2023 24.3 | Mar 2024 22.1 | Jun 2024 13.5 | Sep 2024 14.1 | Dec 2024 14.3 | Mar 2025 11.4 | Jun 2025 9.3 | Sep 2025 10.7 | Dec 2025 11.2 | Mar 2026 11.5 | Jun 2026 — - AAP: Sep 2021 — | Dec 2021 4.2 | Mar 2022 4.8 | Jun 2022 4.6 | Sep 2022 4.1 | Dec 2022 3.6 | Mar 2023 — | Jun 2023 2.9 | Sep 2023 1.5 | Dec 2023 1.2 | Mar 2024 — | Jun 2024 1.8 | Sep 2024 1.4 | Dec 2024 0.9 | Mar 2025 — | Jun 2025 0.9 | Sep 2025 1.7 | Dec 2025 1.7 | Mar 2026 1.1 | Jun 2026 1.6 - QS: Sep 2021 6.3 | Dec 2021 5.9 | Mar 2022 5.6 | Jun 2022 2.5 | Sep 2022 2.6 | Dec 2022 1.9 | Mar 2023 2.9 | Jun 2023 3.0 | Sep 2023 2.3 | Dec 2023 2.6 | Mar 2024 2.5 | Jun 2024 2.1 | Sep 2024 2.7 | Dec 2024 2.4 | Mar 2025 2.1 | Jun 2025 3.7 | Sep 2025 6.1 | Dec 2025 5.4 | Mar 2026 3.5 | Jun 2026 — - VGNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 15.8 | Jun 2026 — - PHIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.4 | Sep 2023 0.7 | Dec 2023 0.7 | Mar 2024 1.0 | Jun 2024 1.0 | Sep 2024 1.2 | Dec 2024 1.3 | Mar 2025 1.1 | Jun 2025 1.1 | Sep 2025 1.4 | Dec 2025 1.5 | Mar 2026 1.7 | Jun 2026 — - DAN: Sep 2021 1.7 | Dec 2021 1.7 | Mar 2022 1.3 | Jun 2022 1.1 | Sep 2022 1.0 | Dec 2022 1.4 | Mar 2023 1.4 | Jun 2023 1.5 | Sep 2023 1.3 | Dec 2023 1.3 | Mar 2024 1.2 | Jun 2024 1.2 | Sep 2024 1.0 | Dec 2024 1.3 | Mar 2025 1.4 | Jun 2025 1.9 | Sep 2025 2.2 | Dec 2025 3.2 | Mar 2026 1.9 | Jun 2026 — - VC: Sep 2021 6.6 | Dec 2021 6.0 | Mar 2022 5.7 | Jun 2022 5.5 | Sep 2022 5.4 | Dec 2022 5.5 | Mar 2023 6.2 | Jun 2023 5.7 | Sep 2023 5.3 | Dec 2023 3.3 | Mar 2024 3.1 | Jun 2024 2.7 | Sep 2024 2.2 | Dec 2024 1.8 | Mar 2025 1.6 | Jun 2025 1.8 | Sep 2025 2.2 | Dec 2025 1.6 | Mar 2026 1.6 | Jun 2026 1.6 - GT: Sep 2021 1.2 | Dec 2021 1.2 | Mar 2022 0.8 | Jun 2022 0.6 | Sep 2022 0.6 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 0.8 | Sep 2023 0.7 | Dec 2023 0.9 | Mar 2024 0.8 | Jun 2024 0.7 | Sep 2024 0.5 | Dec 2024 0.6 | Mar 2025 0.5 | Jun 2025 0.6 | Sep 2025 0.7 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 — - ADNT: Sep 2021 1.7 | Dec 2021 1.9 | Mar 2022 1.7 | Jun 2022 1.3 | Sep 2022 1.3 | Dec 2022 1.5 | Mar 2023 1.8 | Jun 2023 1.7 | Sep 2023 1.5 | Dec 2023 1.5 | Mar 2024 1.4 | Jun 2024 1.1 | Sep 2024 0.9 | Dec 2024 0.8 | Mar 2025 0.7 | Jun 2025 0.9 | Sep 2025 1.1 | Dec 2025 0.9 | Mar 2026 0.9 | Jun 2026 — - THRM: Sep 2021 4.1 | Dec 2021 4.4 | Mar 2022 3.7 | Jun 2022 3.2 | Sep 2022 2.7 | Dec 2022 3.2 | Mar 2023 2.9 | Jun 2023 2.8 | Sep 2023 2.7 | Dec 2023 2.6 | Mar 2024 2.8 | Jun 2024 2.4 | Sep 2024 2.2 | Dec 2024 2.0 | Mar 2025 1.3 | Jun 2025 1.2 | Sep 2025 1.5 | Dec 2025 1.5 | Mar 2026 1.2 | Jun 2026 1.5 - DCH: Sep 2021 2.3 | Dec 2021 2.3 | Mar 2022 1.8 | Jun 2022 1.8 | Sep 2022 1.6 | Dec 2022 1.4 | Mar 2023 1.5 | Jun 2023 1.5 | Sep 2023 1.4 | Dec 2023 1.7 | Mar 2024 1.4 | Jun 2024 1.4 | Sep 2024 1.2 | Dec 2024 1.2 | Mar 2025 0.8 | Jun 2025 0.7 | Sep 2025 1.0 | Dec 2025 1.2 | Mar 2026 0.9 | Jun 2026 — - XPEL: Sep 2021 26.7 | Dec 2021 22.3 | Mar 2022 15.8 | Jun 2022 12.3 | Sep 2022 15.5 | Dec 2022 13.3 | Mar 2023 13.7 | Jun 2023 15.2 | Sep 2023 12.8 | Dec 2023 8.3 | Mar 2024 8.0 | Jun 2024 4.9 | Sep 2024 5.5 | Dec 2024 4.9 | Mar 2025 3.5 | Jun 2025 3.9 | Sep 2025 3.4 | Dec 2025 4.9 | Mar 2026 4.2 | Jun 2026 — - PLOW: Sep 2021 4.0 | Dec 2021 4.2 | Mar 2022 3.8 | Jun 2022 3.0 | Sep 2022 2.8 | Dec 2022 3.5 | Mar 2023 3.4 | Jun 2023 2.9 | Sep 2023 2.9 | Dec 2023 3.0 | Mar 2024 2.6 | Jun 2024 2.3 | Sep 2024 2.4 | Dec 2024 2.1 | Mar 2025 2.1 | Jun 2025 2.5 | Sep 2025 2.6 | Dec 2025 2.7 | Mar 2026 3.5 | Jun 2026 — ## Market action Garrett Motion Inc. has the strongest one-year price move in Auto Parts at +123.3%. It also leads on Mansfield relative strength against the S&P 500 at +33.4%. 11 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-29. ### Strongest one-year price performers 1. Garrett Motion Inc. (GTX): 123% 2. Dana Incorporated (DAN): 71% 3. Magna International Inc. (MGA): 67% 4. PHINIA Inc. (PHIN): 66% 5. BorgWarner Inc. (BWA): 66% ### Strongest relative strength versus NIFTY 500 1. Garrett Motion Inc. (GTX): 33% 2. Magna International Inc. (MGA): 18% 3. Gentherm Incorporated (THRM): 18% 4. PHINIA Inc. (PHIN): 17% 5. Lear Corporation (LEA): 16% ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. ## Every company - O'Reilly Automotive, Inc. (ORLY) — market value ₹75.1K Cr; latest fundamentals Mar 2026 - AutoZone, Inc. (AZO) — market value ₹51.3K Cr; latest fundamentals Jun 2026 - Magna International Inc. (MGA) — market value ₹18.8K Cr; latest fundamentals Mar 2026 - Genuine Parts Company (GPC) — market value ₹17.9K Cr; latest fundamentals Jun 2026 - BorgWarner Inc. (BWA) — market value ₹12.8K Cr; latest fundamentals Mar 2026 - Aptiv PLC (APTV) — market value ₹12.3K Cr; latest fundamentals Mar 2026 - Aurora Innovation, Inc. (AUR) — market value ₹11.7K Cr; latest fundamentals Mar 2026 - Allison Transmission Holdings, Inc. (ALSN) — market value ₹9.5K Cr; latest fundamentals Mar 2026 - Modine Manufacturing Company (MOD) — market value ₹9.5K Cr; latest fundamentals Mar 2026 - Autoliv, Inc. (ALV) — market value ₹9.1K Cr; latest fundamentals Jun 2026 - Lear Corporation (LEA) — market value ₹7.4K Cr; latest fundamentals Jun 2026 - Mobileye Global Inc. (MBLY) — market value ₹6.8K Cr; latest fundamentals Jun 2026 - LKQ Corporation (LKQ) — market value ₹6.7K Cr; latest fundamentals Mar 2026 - Garrett Motion Inc. (GTX) — market value ₹5.4K Cr; latest fundamentals Mar 2026 - Gentex Corporation (GNTX) — market value ₹5.1K Cr; latest fundamentals Jun 2026 - Dorman Products, Inc. (DORM) — market value ₹4.2K Cr; latest fundamentals Mar 2026 - Atmus Filtration Technologies Inc. (ATMU) — market value ₹4.1K Cr; latest fundamentals Mar 2026 - Advance Auto Parts, Inc. (AAP) — market value ₹3.5K Cr; latest fundamentals Jun 2026 - QuantumScape Corporation (QS) — market value ₹3.1K Cr; latest fundamentals Jun 2026 - Versigent PLC (VGNT) — market value ₹3.1K Cr; latest fundamentals Mar 2026 - PHINIA Inc. (PHIN) — market value ₹3.0K Cr; latest fundamentals Mar 2026 - Dana Incorporated (DAN) — market value ₹2.9K Cr; latest fundamentals Mar 2026 - Visteon Corporation (VC) — market value ₹2.8K Cr; latest fundamentals Jun 2026 - The Goodyear Tire & Rubber Company (GT) — market value ₹2.1K Cr; latest fundamentals Mar 2026 - Adient plc (ADNT) — market value ₹1.7K Cr; latest fundamentals Mar 2026 - Gentherm Incorporated (THRM) — market value ₹1.3K Cr; latest fundamentals Jun 2026 - Dauch Corporation (DCH) — market value ₹1.3K Cr; latest fundamentals Mar 2026 - XPEL, Inc. (XPEL) — market value ₹1.2K Cr; latest fundamentals Mar 2026 - Douglas Dynamics, Inc. (PLOW) — market value ₹992 Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-29. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Which Auto Parts company is the biggest? Magna International Inc. is the largest, with trailing-twelve-month revenue of $42,322 million, ahead of Aptiv PLC at $20,659 million. That covers 20 of 29 companies with comparable reporting through Mar 2026. ### Which Auto Parts company is growing fastest? Modine Manufacturing Company has the fastest revenue growth at 23.1% year on year, across 18 of 29 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend. ### Which Auto Parts company has the best profit margins? AutoZone, Inc. has the highest operating margin at 19.1%, from 27 of 29 comparable companies. Adient plc shows the biggest recent improvement, at +9.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Auto Parts company makes the most profit? O'Reilly Automotive, Inc. earns the most, at $2,604 million of trailing-twelve-month net profit, from 20 of 29 comparable companies. PHINIA Inc. has the fastest profit growth at 85.5%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Auto Parts company earns the highest return on capital? Garrett Motion Inc. leads on return on capital employed at 13.9%, across 29 of 29 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Auto Parts stock is the cheapest? On guarded PEG — where a LOWER number is cheaper — Garrett Motion Inc. screens cheapest at 0.33×. Only 13 of 29 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Which Auto Parts company has the strongest balance sheet? Gentex Corporation carries the lowest comparable gross debt at $0 million, from 29 of 29 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment. ### Which Auto Parts company is investing most in new capacity? AutoZone, Inc. reports the largest capital spending at $346 million, across 29 of 29 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation. ### Is the Auto Parts sector beating the market? Auto Parts has outperformed S&P 500 by 5.8% over the last 52 weeks and 0.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 11 of 28 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Auto Parts stock has the strongest price momentum? Garrett Motion Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Auto Parts company scores highest for research priority? Garrett Motion Inc. scores 73.4 out of 100 with 76.3% evidence confidence, from 25.8 points on growth and earnings, 16.8 on capital efficiency, 16.3 on valuation and 14.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Auto Parts companies does this comparison cover, and over what period? It compares 29 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Auto Parts sector? The 29 Auto Parts companies on this page carry $294,736 million of combined market value. O'Reilly Automotive, Inc. is the largest at $75,106 million, about 25% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29. ### What is the Auto Parts sector's P/E ratio? The median price-to-earnings ratio across the 29 Auto Parts companies on this page is 19.1×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29. ### How is the Auto Parts sector performing? 11 of the 28 covered Auto Parts companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.8% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29. ### How many Auto Parts stocks are listed in the US? This comparison covers 29 listed Auto Parts companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser. Narrative sector analysis: https://www.sectoralpha.in/sectors/auto-parts