Genuine Parts (GPC) 10-K Summaries & Annual Filing History
Review Genuine Parts Company (GPC) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Genuine Parts Company reported a revenue increase in its most recent fiscal year, but net income remained low. Operating cash flow declined sharply due to lower profits and the bankruptcy of a customer, highlighting ongoing demand softness and cost pressures.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$24.3B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$65.9M
Net income reported for the year.
Operating cash flow
$890.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $22.1B | +17.1% |
| Dec 31, 2023 | $23.1B | +4.5% |
| Dec 31, 2024 | $23.5B | +1.7% |
| Dec 31, 2025 | $24.3B | +3.5% |
Business overview
The company operates a global distribution business, focusing on acquisitions, capital expenditures, and technology investments to support growth. It has a long history of paying dividends. The business faces demand challenges and supplier-related risks, as indicated by the bankruptcy of a customer.
Financial performance
Revenue increased compared to the prior year, but net income was relatively low. Operating cash flow declined substantially due to lower net income, higher interest payments, and changes in working capital, as well as the impact of a customer's bankruptcy filing.
Material risks
Material risks include continued soft demand, higher expenses from ongoing investments and inflation, and the bankruptcy of a key customer that failed to remit payments, affecting cash flow.
Liquidity and capital
The company maintains a strong liquidity position, with cash flows from operations and access to debt and commercial paper. It has a consistent dividend history, recently increasing the dividend, and believes its capital sources are sufficient for operations, acquisitions, and shareholder returns.
What to watch
Monitor the resolution of the customer's Chapter 11 bankruptcy and its impact on receivables and future cash flows.