What is Phinia's work in process?

Phinia (PHIN) reported work in process of $45M in Q1 2026.

How has Phinia's work in process changed year-over-year?

Phinia's work in process decreased by 2.2% year-over-year, from $46M to $45M.

What is the long-term trend for Phinia's work in process?

Over 3 years (2022 to 2025), Phinia's work in process has grown at a 6.4% compound annual growth rate (CAGR), from $39M to $47M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Phinia PHIN Work in process

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Other financials

Income statement

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Revenue$878.0M+10.3%

Gross profit$188.0M+9.3%

Operating income$69.0M+11.3%

Net income$37.0M+42.3%

EPS (diluted)$0.96+52.4%

Balance sheet

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Cash & equivalents$328.0M-12.1%

Total debt$1.0B-0.4%

Total equity$1.5B+0.8%

Total assets$3.8B+1.4%

Cash flow

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Operating cash flow$53.0M+32.5%

CapEx$32.0M-8.6%

Free cash flow$21.0M+320%

Valuation

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Market cap$2.98B+49.8%

Enterprise value$3.69B+37.6%

P/E21.1×-5.0×

P/S0.8×+0.2×

Profitability

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Gross margin21.8%-0.2pp

Operating margin7.3%-0.2pp

Net margin4%+1.7pp

FCF margin5.7%-0.9pp

Returns & leverage

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Return on equity9.1%+4.7pp

Debt / equity0.7×0.0×

Current ratio1.8×0.0×

Where this comes from

Reported directly by Phinia in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Phinia’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phinia's work in process?: Phinia (PHIN) reported work in process of $45M in Q1 2026.
How has Phinia's work in process changed year-over-year?: Phinia's work in process decreased by 2.2% year-over-year, from $46M to $45M.
What is the long-term trend for Phinia's work in process?: Over 3 years (2022 to 2025), Phinia's work in process has grown at a 6.4% compound annual growth rate (CAGR), from $39M to $47M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.