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Side-by-side financial comparison of Aptiv (APTV) and MasterBrand, Inc. (MBC). Click either name above to swap in a different company.

Aptiv is the larger business by last-quarter revenue ($5.2B vs $644.6M, roughly 8.0× MasterBrand, Inc.). Aptiv runs the higher net margin — 2.7% vs -6.5%, a 9.2% gap on every dollar of revenue. On growth, Aptiv posted the faster year-over-year revenue change (5.0% vs -3.5%). Aptiv produced more free cash flow last quarter ($651.0M vs $52.5M). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs 0.5%).

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.

Master Lock is an American company that sells padlocks, combination locks, safes, and related security products. Now a subsidiary of Fortune Brands Innovations, Master Lock Company LLC was formed in 1921 by locksmith-inventor Harry Soref and is headquartered in Oak Creek, Wisconsin. In 1970, the company was purchased by American Brands from Soref's heirs. American Brands was later renamed to Fortune Brands, which then split on October 3, 2011, to create the Fortune Brands Home & Security comp...

APTV vs MBC — Head-to-Head

Bigger by revenue
APTV
APTV
8.0× larger
APTV
$5.2B
$644.6M
MBC
Growing faster (revenue YoY)
APTV
APTV
+8.5% gap
APTV
5.0%
-3.5%
MBC
Higher net margin
APTV
APTV
9.2% more per $
APTV
2.7%
-6.5%
MBC
More free cash flow
APTV
APTV
$598.5M more FCF
APTV
$651.0M
$52.5M
MBC
Faster 2-yr revenue CAGR
APTV
APTV
Annualised
APTV
2.5%
0.5%
MBC

Income Statement — Q4 2025 vs Q4 2025

Metric
APTV
APTV
MBC
MBC
Revenue
$5.2B
$644.6M
Net Profit
$138.0M
$-42.0M
Gross Margin
18.7%
26.0%
Operating Margin
8.2%
-4.2%
Net Margin
2.7%
-6.5%
Revenue YoY
5.0%
-3.5%
Net Profit YoY
-48.5%
-400.0%
EPS (diluted)
$0.63
$-0.32

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.

Revenue
APTV
APTV
MBC
MBC
Q4 25
$5.2B
$644.6M
Q3 25
$5.2B
$698.9M
Q2 25
$5.2B
$730.9M
Q1 25
$4.8B
$660.3M
Q4 24
$4.9B
$667.7M
Q3 24
$4.9B
$718.1M
Q2 24
$5.1B
$676.5M
Q1 24
$4.9B
$638.1M
Net Profit
APTV
APTV
MBC
MBC
Q4 25
$138.0M
$-42.0M
Q3 25
$-355.0M
$18.1M
Q2 25
$393.0M
$37.3M
Q1 25
$-11.0M
$13.3M
Q4 24
$268.0M
$14.0M
Q3 24
$363.0M
$29.1M
Q2 24
$938.0M
$45.3M
Q1 24
$218.0M
$37.5M
Gross Margin
APTV
APTV
MBC
MBC
Q4 25
18.7%
26.0%
Q3 25
19.5%
31.2%
Q2 25
19.1%
32.8%
Q1 25
19.1%
30.6%
Q4 24
19.6%
30.4%
Q3 24
18.6%
33.1%
Q2 24
19.2%
34.1%
Q1 24
17.9%
32.1%
Operating Margin
APTV
APTV
MBC
MBC
Q4 25
8.2%
-4.2%
Q3 25
-3.4%
6.0%
Q2 25
9.3%
9.2%
Q1 25
9.3%
5.6%
Q4 24
9.8%
5.6%
Q3 24
10.4%
8.0%
Q2 24
8.7%
11.5%
Q1 24
8.5%
9.8%
Net Margin
APTV
APTV
MBC
MBC
Q4 25
2.7%
-6.5%
Q3 25
-6.8%
2.6%
Q2 25
7.5%
5.1%
Q1 25
-0.2%
2.0%
Q4 24
5.5%
2.1%
Q3 24
7.5%
4.1%
Q2 24
18.6%
6.7%
Q1 24
4.4%
5.9%
EPS (diluted)
APTV
APTV
MBC
MBC
Q4 25
$0.63
$-0.32
Q3 25
$-1.63
$0.14
Q2 25
$1.80
$0.29
Q1 25
$-0.05
$0.10
Q4 24
$1.22
$0.10
Q3 24
$1.48
$0.22
Q2 24
$3.47
$0.35
Q1 24
$0.79
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APTV
APTV
MBC
MBC
Cash + ST InvestmentsLiquidity on hand
$1.9B
$183.3M
Total DebtLower is stronger
$7.5B
Stockholders' EquityBook value
$9.2B
$1.3B
Total Assets
$23.4B
$3.1B
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APTV
APTV
MBC
MBC
Q4 25
$1.9B
$183.3M
Q3 25
$1.6B
$114.8M
Q2 25
$1.4B
$120.1M
Q1 25
$1.1B
$113.5M
Q4 24
$1.6B
$120.6M
Q3 24
$1.8B
$108.4M
Q2 24
$2.2B
$189.4M
Q1 24
$941.0M
$153.7M
Total Debt
APTV
APTV
MBC
MBC
Q4 25
$7.5B
Q3 25
$7.6B
Q2 25
$7.8B
Q1 25
$7.6B
Q4 24
$7.8B
$1.0B
Q3 24
$8.3B
$1.1B
Q2 24
$5.5B
Q1 24
$4.7B
Stockholders' Equity
APTV
APTV
MBC
MBC
Q4 25
$9.2B
$1.3B
Q3 25
$9.3B
$1.4B
Q2 25
$9.7B
$1.4B
Q1 25
$9.0B
$1.3B
Q4 24
$8.8B
$1.3B
Q3 24
$8.9B
$1.3B
Q2 24
$11.5B
$1.3B
Q1 24
$11.1B
$1.2B
Total Assets
APTV
APTV
MBC
MBC
Q4 25
$23.4B
$3.1B
Q3 25
$23.5B
$3.0B
Q2 25
$23.9B
$3.0B
Q1 25
$23.1B
$3.0B
Q4 24
$23.5B
$2.9B
Q3 24
$24.8B
$3.0B
Q2 24
$24.8B
$2.4B
Q1 24
$23.6B
$2.4B
Debt / Equity
APTV
APTV
MBC
MBC
Q4 25
0.81×
Q3 25
0.82×
Q2 25
0.80×
Q1 25
0.85×
Q4 24
0.89×
0.79×
Q3 24
0.93×
0.83×
Q2 24
0.48×
Q1 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APTV
APTV
MBC
MBC
Operating Cash FlowLast quarter
$818.0M
$86.9M
Free Cash FlowOCF − Capex
$651.0M
$52.5M
FCF MarginFCF / Revenue
12.6%
8.1%
Capex IntensityCapex / Revenue
3.2%
5.3%
Cash ConversionOCF / Net Profit
5.93×
TTM Free Cash FlowTrailing 4 quarters
$1.5B
$117.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APTV
APTV
MBC
MBC
Q4 25
$818.0M
$86.9M
Q3 25
$584.0M
$55.4M
Q2 25
$510.0M
$84.8M
Q1 25
$273.0M
$-31.4M
Q4 24
$1.1B
$115.1M
Q3 24
$499.0M
$80.8M
Q2 24
$643.0M
$77.4M
Q1 24
$244.0M
$18.7M
Free Cash Flow
APTV
APTV
MBC
MBC
Q4 25
$651.0M
$52.5M
Q3 25
$441.0M
$39.5M
Q2 25
$361.0M
$66.7M
Q1 25
$76.0M
$-41.2M
Q4 24
$894.0M
$68.8M
Q3 24
$326.0M
$64.5M
Q2 24
$417.0M
$66.1M
Q1 24
$-21.0M
$11.7M
FCF Margin
APTV
APTV
MBC
MBC
Q4 25
12.6%
8.1%
Q3 25
8.5%
5.7%
Q2 25
6.9%
9.1%
Q1 25
1.6%
-6.2%
Q4 24
18.2%
10.3%
Q3 24
6.7%
9.0%
Q2 24
8.3%
9.8%
Q1 24
-0.4%
1.8%
Capex Intensity
APTV
APTV
MBC
MBC
Q4 25
3.2%
5.3%
Q3 25
2.7%
2.3%
Q2 25
2.9%
2.5%
Q1 25
4.1%
1.5%
Q4 24
3.4%
6.9%
Q3 24
3.6%
2.3%
Q2 24
4.5%
1.7%
Q1 24
5.4%
1.1%
Cash Conversion
APTV
APTV
MBC
MBC
Q4 25
5.93×
Q3 25
3.06×
Q2 25
1.30×
2.27×
Q1 25
-2.36×
Q4 24
3.96×
8.22×
Q3 24
1.37×
2.78×
Q2 24
0.69×
1.71×
Q1 24
1.12×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APTV
APTV

Electrical Distribution Systems$2.3B45%
Engineered Components Group$1.4B28%
Active Safety$716.0M14%
User Experience And Other$564.0M11%
Smart Vehicle Compute And Software$154.0M3%

MBC
MBC

Dealers$345.7M54%
Retail$220.0M34%
Builders$78.9M12%

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