At a glance
Autoliv Inc is worth $8.32B, about 12 times its fiscal 2025 earnings. Revenue grew 4.1% to $10.81B in fiscal 2025, with 6.8% kept as profit; over 5 years it has grown 7.7% a year. It pays a 4.52% dividend yield, raised every year for at least 5 years, and returned $2.44B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +2.9% over the past year with dividends reinvested and +6.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 47.6% in the 2020 crash (S&P 500: 33.7%) and 37.0% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 17 months after the lows.
The business in plain English
Autoliv makes the safety equipment that protects people inside a vehicle during a crash: airbags, seatbelts, steering wheels and the inflators that fill an airbag in a split second. These are called "passive safety" systems because they protect occupants automatically once a crash happens. Autoliv sells them to carmakers, including the world's largest, rather than to drivers. It is a Delaware corporation, but its head office is in Stockholm, Sweden.
Sales were $10.8 billion in 2025. Airbag products, which include steering wheels and inflators, made up about 68% of that, and seatbelts about 32%. By region, the Americas brought in about 32% of sales, Europe about 29% and China about 19%. Asia outside China is the company's fourth region. Autoliv reports one business segment and has 62 production facilities in 23 countries.
Sales depend on two things: how many light vehicles (cars and light trucks) the world builds, and how much safety content goes into each one. Autoliv estimates it holds about 44% of the global passive safety market, up from 27% in 1997. Safety content averages about $350 per vehicle in high-income markets but about $210 elsewhere, which leaves room to add more airbags and better seatbelts there. Its main rivals include ZF and Joyson Safety Systems. Autoliv is also expanding into safety for commercial vehicles and for motorcycle and bike riders.
Price history
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ALV +2.9% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Airbag Products | $7.30B | 67.5% |
| Seatbelt Products | $3.51B | 32.5% |
By geography
| Americas | $3.48B | 32.2% |
| Europe | $3.12B | 28.8% |
| CN | $2.10B | 19.4% |
| US | $1.95B | 18.1% |
| Non Us | $267.0M | 2.5% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $2.69B, down 0.5% from a year earlier, and net income was $155.0M (-11.4%).
- For fiscal 2025, revenue was $10.81B (+4.1% year over year; +7.7% a year from FY2020 to FY2025) with a 6.8% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +7.7% good |
|---|---|
| Operating margin | 10.1% watch |
| Free cash flow margin | 6.6% watch |
| Return on equity (FY2025) | 28.6% good |
| Return on assets (FY2025) | 8.5% good |
| Net cash (cash minus debt) | $-1.74B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $7.45B | $187.0M | $505.0M |
| FY2021 | $8.23B | $435.0M | $296.0M |
| FY2022 | $8.84B | $423.0M | $128.0M |
| FY2023 | $10.47B | $488.0M | $409.0M |
| FY2024 | $10.39B | $646.0M | $480.0M |
| FY2025 | $10.81B | $735.0M | $716.0M |
Valuation snapshot
| Market value | $8.32B |
|---|---|
| P/E ratio | 12.1 |
| Dividend yield | 4.52% |
Rank among 1514 US companies
Market value at each year end
Autoliv’s market value went from $7.18B at the end of 2016 to $8.32B on Oct 28, 2026, up 16%; since the end of 2025 it is down 8%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $8.32B | -7.7% |
| 2025 | $9.02B | +22.1% |
| 2024 | $7.39B | -20.3% |
| 2023 | $9.27B | +39.4% |
| 2022 | $6.65B | -26.5% |
| 2021 | $9.05B | +12.5% |
| 2020 | $8.04B | +9.2% |
| 2019 | $7.36B | +20.3% |
| 2018 | $6.12B | -23.0% |
| 2017 | $7.95B | +10.7% |
| 2016 | $7.18B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| ALV price data to Oct 28, 2026 | +1.0% | +2.9% | +11.3% | +6.9% | +8.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +1.0% |
| 2025 | +30.2% |
| 2024 | -12.7% |
| 2023 | +48.0% |
| 2022 | -23.4% |
| 2021 | +14.5% |
| 2020 | +11.1% |
| 2019 | +24.4% |
| 2018 | -21.4% |
| 2017 | +14.8% |
| 2016 | -7.3% |
| 2015 | +19.9% |
| 2014 | +18.1% |
| 2013 | +39.7% |
| 2012 | +30.0% |
| 2011 | -30.4% |
| 2010 | +83.9% |
| 2009 | +104.4% |
| 2008 | -57.5% |
| 2007 | -10.3% |
| 2006 | +35.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 78.5% over that stretch · deepest drop along the way 79.8%, back to its old high 18.3 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 47.3% over that stretch · deepest drop along the way 47.6%, back to its old high 5.3 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 30.2% over that stretch · deepest drop along the way 37%, back to its old high 17 months after the low |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 1 sales ($2.5M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 12, 2026 | Jan Carlson Director | sell | $2.5M |
Who owns it
Large shareholders (13G filings)
| Skandinaviska Enskilda Banken AB (publ) | 5.3% | Jun 30, 2026 |
| Alecta Tjanstepension Omsesidigt | 4.72% | Sep 30, 2026 |
| FMR LLC | 4.5% | Jun 30, 2025 |
ETFs with the most weight in ALV
| PEXL Pacer US Export Leaders ETF | 1.03% |
| MDYV SPDR S&P 400 Mid Cap Value ETF | 0.46% |
| IJJ iShares S&P Mid-Cap 400 Value ETF | 0.46% |
| HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 0.41% |
| RWK Invesco S&P MidCap 400 Revenue ETF | 0.41% |
| DTAN Sparkline International Intangible Value ETF | 0.4% |
| MIDE Xtrackers S&P MidCap 400 Scored & Screened ETF | 0.36% |
| QIDX Indexperts Quality Earnings Focused ETF | 0.33% |
What could go wrong
- Airbag or seatbelt defects and recalls. Airbags and seatbelts must work every time. A defect could bring warranty claims, recalls and lawsuits against Autoliv or the carmakers it supplies. The company warns that these losses could be large.
- Big customers with pricing power. Autoliv's customers are large carmakers that keep pushing suppliers for lower prices. Sales could drop sharply if Autoliv lost a major customer, or if a model it heavily supplies were dropped or sold poorly.
- Growth shifting to lower-content markets. Most growth in vehicle production is expected in markets like China and India. Safety content there averages roughly $210 and $140 per vehicle, against $350 in high-income markets. That mix can lower average sales per car.
- Rivals with close carmaker ties. Competitors include ZF and Joyson Safety Systems. Suppliers tied to Toyota, Hyundai/Kia and BYD also win much of those carmakers' business. Competition in Asia is especially aggressive.
- Tariffs, trade rules and supply disruptions. Tariffs, sanctions and conflicts can disrupt Autoliv's supply chain and its access to key components. Changes to the US-Mexico-Canada trade agreement (USMCA) could also hurt results. The Americas are about 32% of sales.
- Car production rises and falls. Sales track global light vehicle production, which swings with the economy, interest rates, credit and carmakers' inventory choices. Sharp production cuts have hurt Autoliv's results before, and the company warns they could again.
Recent events
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Restructuring or exit costs; Asset impairment; Shareholder vote results; Other company announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change; Investor presentation or announcement
- Executive or board change
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Other company announcement
For income and retirement investors
Autoliv pays a dividend. Dividends per share rose in each fiscal year from 2021 through 2025, from $1.88 to $3.12. The streak is short, though: the fiscal 2020 dividend per share was zero. In 2025 dividends took about 32% of earnings and 33% of free cash flow (cash left after running and investing in the business). Buybacks have been bigger: $1.37 billion over fiscal 2021–2025, against $1.07 billion in dividends. The share count fell about 18% between October 2021 and October 2026. The company warns it may not pay dividends or buy back shares at the levels shareholders expect.
The shares have fallen hard in past downturns. They lost about 80% in the 2008 financial crisis and did not recover until September 2010. They dropped about 48% in the 2020 COVID crash and recovered by August 2020. In the 2022 bear market they fell 37% and took until November 2023 to recover. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Autoliv make money?
Autoliv makes money by selling airbags, seatbelts, steering wheels and inflators to carmakers, which fit them into new vehicles. Sales were $10.8 billion in 2025: about 68% from airbag products, including steering wheels, and about 32% from seatbelts. About 10% of sales became operating profit (profit from the main business before interest and taxes), and net income was $735 million. Sales rise and fall with global vehicle production and with how much safety equipment goes into each car.
Does Autoliv raise its dividend every year?
It has for five fiscal years in a row, but the record is short. Dividends per share rose from $1.88 in fiscal 2021 to $3.12 in fiscal 2025, and the fiscal 2020 figure was zero. In 2025 the dividend used about 32% of earnings and 33% of free cash flow. Autoliv also bought back $1.37 billion of stock over fiscal 2021–2025. Its annual report warns that it may not pay dividends or repurchase shares at the levels shareholders expect.
Is Autoliv a Swedish or American company?
Both, in a sense. Autoliv, Inc. is a Delaware corporation listed on the New York Stock Exchange, but its principal executive offices are in Stockholm, Sweden. It is a holding company (a parent that owns the operating businesses) with two main subsidiaries, Autoliv AB and Autoliv ASP, Inc. Among large shareholders reporting to the SEC, Skandinaviska Enskilda Banken held 5.3% as of June 30, 2026. In 2025, about 32% of sales came from the Americas and 29% from Europe.
How much debt does Autoliv have?
Autoliv had about $1.93 billion of total debt and $197 million of cash and investments as of September 30, 2026. That leaves net debt (debt minus cash) of about $1.74 billion, compared with shareholders' equity of about $2.46 billion. In fiscal 2025 the company generated $716 million of free cash flow. Its annual report lists debt as a risk. It warns that a long recession could leave outside financing unavailable, or available only on very different terms than in the past.
How has Autoliv stock performed over the long run?
Measured by share price, it returned about 8.2% a year over the 10 years to October 28, 2026, or 119% in total. Over five years it returned about 6.9% a year. The path was bumpy: the stock fell 23.4% in 2022, rose 48.0% in 2023, fell 12.7% in 2024 and rose 30.2% in 2025. Its deepest fall was 79.8%, during the 2008 financial crisis. As of October 28, 2026, the shares traded at about 12.1 times fiscal 2025 earnings per share.