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Side-by-side financial comparison of Aptiv (APTV) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.4B vs $5.2B, roughly 1.6× Aptiv). Mastercard runs the higher net margin — 46.4% vs 2.7%, a 43.8% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (16.0% vs 5.0%). Over the past eight quarters, Mastercard's revenue compounded faster (9.9% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
APTV vs MA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $8.4B |
| Net Profit | $138.0M | $3.9B |
| Gross Margin | 18.7% | — |
| Operating Margin | 8.2% | 58.3% |
| Net Margin | 2.7% | 46.4% |
| Revenue YoY | 5.0% | 16.0% |
| Net Profit YoY | -48.5% | 18.0% |
| EPS (diluted) | $0.63 | $4.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $8.4B | ||
| Q4 25 | $5.2B | $8.8B | ||
| Q3 25 | $5.2B | $8.6B | ||
| Q2 25 | $5.2B | $8.1B | ||
| Q1 25 | $4.8B | $7.3B | ||
| Q4 24 | $4.9B | $7.5B | ||
| Q3 24 | $4.9B | $7.4B | ||
| Q2 24 | $5.1B | $7.0B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $138.0M | $4.1B | ||
| Q3 25 | $-355.0M | $3.9B | ||
| Q2 25 | $393.0M | $3.7B | ||
| Q1 25 | $-11.0M | $3.3B | ||
| Q4 24 | $268.0M | $3.3B | ||
| Q3 24 | $363.0M | $3.3B | ||
| Q2 24 | $938.0M | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | — | ||
| Q2 24 | 19.2% | — |
| Q1 26 | — | 58.3% | ||
| Q4 25 | 8.2% | 55.8% | ||
| Q3 25 | -3.4% | 58.8% | ||
| Q2 25 | 9.3% | 58.7% | ||
| Q1 25 | 9.3% | 57.2% | ||
| Q4 24 | 9.8% | 52.6% | ||
| Q3 24 | 10.4% | 54.3% | ||
| Q2 24 | 8.7% | 58.0% |
| Q1 26 | — | 46.4% | ||
| Q4 25 | 2.7% | 46.1% | ||
| Q3 25 | -6.8% | 45.7% | ||
| Q2 25 | 7.5% | 45.5% | ||
| Q1 25 | -0.2% | 45.2% | ||
| Q4 24 | 5.5% | 44.6% | ||
| Q3 24 | 7.5% | 44.3% | ||
| Q2 24 | 18.6% | 46.8% |
| Q1 26 | — | $4.35 | ||
| Q4 25 | $0.63 | $4.52 | ||
| Q3 25 | $-1.63 | $4.34 | ||
| Q2 25 | $1.80 | $4.07 | ||
| Q1 25 | $-0.05 | $3.59 | ||
| Q4 24 | $1.22 | $3.64 | ||
| Q3 24 | $1.48 | $3.53 | ||
| Q2 24 | $3.47 | $3.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $7.9B |
| Total DebtLower is stronger | $7.5B | $19.0B |
| Stockholders' EquityBook value | $9.2B | $6.7B |
| Total Assets | $23.4B | $52.4B |
| Debt / EquityLower = less leverage | 0.81× | 2.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.9B | ||
| Q4 25 | $1.9B | $10.6B | ||
| Q3 25 | $1.6B | $10.3B | ||
| Q2 25 | $1.4B | $9.0B | ||
| Q1 25 | $1.1B | $7.6B | ||
| Q4 24 | $1.6B | $8.4B | ||
| Q3 24 | $1.8B | $11.1B | ||
| Q2 24 | $2.2B | $7.0B |
| Q1 26 | — | $19.0B | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — |
| Q1 26 | — | $6.7B | ||
| Q4 25 | $9.2B | $7.7B | ||
| Q3 25 | $9.3B | $7.9B | ||
| Q2 25 | $9.7B | $7.9B | ||
| Q1 25 | $9.0B | $6.7B | ||
| Q4 24 | $8.8B | $6.5B | ||
| Q3 24 | $8.9B | $7.4B | ||
| Q2 24 | $11.5B | $7.4B |
| Q1 26 | — | $52.4B | ||
| Q4 25 | $23.4B | $54.2B | ||
| Q3 25 | $23.5B | $53.3B | ||
| Q2 25 | $23.9B | $51.4B | ||
| Q1 25 | $23.1B | $48.5B | ||
| Q4 24 | $23.5B | $48.1B | ||
| Q3 24 | $24.8B | $47.2B | ||
| Q2 24 | $24.8B | $42.3B |
| Q1 26 | — | 2.82× | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $3.0B |
| Free Cash FlowOCF − Capex | $651.0M | — |
| FCF MarginFCF / Revenue | 12.6% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 5.93× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.0B | ||
| Q4 25 | $818.0M | $5.0B | ||
| Q3 25 | $584.0M | $5.7B | ||
| Q2 25 | $510.0M | $4.6B | ||
| Q1 25 | $273.0M | $2.4B | ||
| Q4 24 | $1.1B | $4.8B | ||
| Q3 24 | $499.0M | $5.1B | ||
| Q2 24 | $643.0M | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $651.0M | $4.9B | ||
| Q3 25 | $441.0M | $5.5B | ||
| Q2 25 | $361.0M | $4.6B | ||
| Q1 25 | $76.0M | $2.2B | ||
| Q4 24 | $894.0M | $4.7B | ||
| Q3 24 | $326.0M | $5.0B | ||
| Q2 24 | $417.0M | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | 55.5% | ||
| Q3 25 | 8.5% | 63.8% | ||
| Q2 25 | 6.9% | 56.1% | ||
| Q1 25 | 1.6% | 30.6% | ||
| Q4 24 | 18.2% | 63.3% | ||
| Q3 24 | 6.7% | 68.2% | ||
| Q2 24 | 8.3% | 43.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 1.3% | ||
| Q3 25 | 2.7% | 2.1% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 4.1% | 2.2% | ||
| Q4 24 | 3.4% | 1.3% | ||
| Q3 24 | 3.6% | 1.5% | ||
| Q2 24 | 4.5% | 1.7% |
| Q1 26 | — | 0.77× | ||
| Q4 25 | 5.93× | 1.23× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 1.30× | 1.24× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | 3.96× | 1.45× | ||
| Q3 24 | 1.37× | 1.57× | ||
| Q2 24 | 0.69× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
MA
Segment breakdown not available.
