At a glance
Genuine Parts Co is worth $17.18B, about 265 times its fiscal 2025 earnings. Revenue grew 3.5% to $24.30B in fiscal 2025, with 0.3% kept as profit; over 5 years it has grown 8.0% a year. It pays a 3.38% dividend yield, raised every year for at least 9 years, and returned $3.57B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +1.4% over the past year with dividends reinvested and +1.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 49.0% in the 2020 crash (S&P 500: 33.7%) and 15.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 3 months after the lows.
The business in plain English
Genuine Parts Company (GPC), incorporated in Georgia in 1928, is a parts distributor. It purchases replacement parts for vehicles and industrial equipment from suppliers, stocks them close to customers and delivers them quickly, earning a markup. It serves customers from more than 10,800 locations, mainly in North America, Europe and Australasia (chiefly Australia and New Zealand). Net sales were $24.3 billion in fiscal 2025, the year ended December 31, 2025.
Automotive is the larger side. North America Automotive, built on the NAPA Auto Parts brand, produced 39% of sales through 6,864 U.S. and Canadian locations, where about 65% of stores are independently owned. International Automotive, 24% of sales, runs Alliance Automotive Group in Europe and the Repco and NAPA brands in Australia and New Zealand. About 80% of automotive sales go to professional "do-it-for-me" customers such as repair shops, dealerships and fleets; 20% go to do-it-yourself shoppers.
The Industrial segment, 37% of sales, distributes industrial replacement parts, and its demand tracks factory output. By region, the U.S. produced 65% of sales, Europe 16.5%, Australasia 9.8% and Canada 8.3%. On February 17, 2026, GPC announced plans to split into two public companies, one automotive and one industrial, targeted for the first quarter of 2027, though it says the split may not happen.
Price history
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GPC +1.4% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| North America Automotive | $9.52B | 39.2% |
| Industrial | $8.92B | 36.7% |
| International Automotive | $5.86B | 24.1% |
By geography
| United States | $15.79B | 65% |
| Europe | $4.01B | 16.5% |
| Australasia | $2.38B | 9.8% |
| Canada | $2.02B | 8.3% |
| Mexico | $101.1M | 0.4% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $6.52B, up 4.2% from a year earlier, and net income was $224.4M (-0.8%).
- For fiscal 2025, revenue was $24.30B (+3.5% year over year; +8.0% a year from FY2020 to FY2025) with a 0.3% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +8.0% good |
|---|---|
| Free cash flow margin | 1.7% watch |
| Return on equity (FY2025) | 1.5% weak |
| Return on assets (FY2025) | 0.3% weak |
| Net cash (cash minus debt) | $-4.35B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $16.54B | $-29.1M | $1.86B |
| FY2021 | $18.87B | $898.8M | $992.1M |
| FY2022 | $22.10B | $1.18B | $1.13B |
| FY2023 | $23.09B | $1.32B | $922.9M |
| FY2024 | $23.49B | $904.1M | $683.9M |
| FY2025 | $24.30B | $65.9M | $420.9M |
Valuation snapshot
| Market value | $17.18B |
|---|---|
| P/E ratio | 265.1 |
| Dividend yield | 3.38% |
Rank among 1514 US companies
Market value at each year end
Genuine Parts’s market value went from $14.21B at the end of 2016 to $17.18B on Nov 2, 2026, up 21%; since the end of 2025 it is up 0%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $17.18B | +0.4% |
| 2025 | $17.11B | +5.4% |
| 2024 | $16.23B | -16.4% |
| 2023 | $19.42B | -20.7% |
| 2022 | $24.49B | +22.7% |
| 2021 | $19.97B | +37.8% |
| 2020 | $14.49B | -6.1% |
| 2019 | $15.43B | +9.5% |
| 2018 | $14.09B | +1.2% |
| 2017 | $13.93B | -2.0% |
| 2016 | $14.21B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| GPC price data to Nov 2, 2026 | +4.2% | +1.4% | +1.6% | +1.4% | +6.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +4.2% |
| 2025 | +8.7% |
| 2024 | -13.2% |
| 2023 | -18.1% |
| 2022 | +26.8% |
| 2021 | +43.4% |
| 2020 | -2.2% |
| 2019 | +14.0% |
| 2018 | +4.1% |
| 2017 | +2.5% |
| 2016 | +14.3% |
| 2015 | -17.1% |
| 2014 | +31.4% |
| 2013 | +34.6% |
| 2012 | +7.3% |
| 2011 | +23.2% |
| 2010 | +40.5% |
| 2009 | +5.2% |
| 2008 | -15.1% |
| 2007 | +0.6% |
| 2006 | +11.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 46.6% over that stretch · deepest drop along the way 46.6%, back to its old high 13.2 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 48.9% over that stretch · deepest drop along the way 49%, back to its old high 5.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 14.5% over that stretch · deepest drop along the way 15.3%, back to its old high 3.4 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 3 sales ($456K), 3 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 26, 2026 | Christopher T Galla SVP, GC, and Corp. Secretary | sell (plan) | $268K |
| May 4, 2026 | James F. Howe President, Motion | sell (plan) | $145K |
| May 5, 2026 | James F. Howe President, Motion | sell (plan) | $43K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.7% | Jun 30, 2025 |
| Vanguard Capital Management | 7.47% | Mar 31, 2026 |
ETFs with the most weight in GPC
| MDPL Monarch Dividend Plus ETF | 3.21% |
| EQRR ProShares Equities for Rising Rates ETF | 2.51% |
| VSDA VictoryShares Dividend Accelerator ETF | 1.9% |
| SPGP Invesco S&P 500 GARP ETF | 1.76% |
| NUMV Nuveen ESG Mid-Cap Value ETF | 1.65% |
| FTXR First Trust Nasdaq Transportation ETF | 1.64% |
| KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 1.61% |
| KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 1.5% |
What could go wrong
- The planned split may stumble. GPC plans to split into separate automotive and industrial companies, targeted for the first quarter of 2027. The split could be delayed, changed or called off, or fail to deliver its intended benefits.
- Heavy reliance on a few suppliers. About 55% of GPC's 2025 U.S. automotive inventory came from 10 major suppliers. Supply chain delays, a key supplier failing, or problems modernizing GPC's own supply chain could leave shelves short.
- Shifts in driving could cut parts demand. Auto parts sales depend on miles driven and on older cars needing repairs. Electric vehicles, ride sharing, mild weather, high gas prices, or carmakers restricting repair data could all reduce demand.
- Industrial sales follow the factory cycle. The Industrial segment, about 37% of fiscal 2025 sales, depends on industrial production and factory activity. A manufacturing slowdown, or consolidation among its manufacturing customers, could reduce orders.
- Sizable debt against modest cash. As of September 30, 2026, GPC had about $5.1 billion of debt and $763 million in cash and investments. It warns its debt could strain cash flow and its ability to meet obligations.
- Currency swings and trade policy changes. Only 65% of fiscal 2025 sales came from the U.S., and currency swings have already hurt reported results. Changes in trade policy or tax rules could also significantly affect profits.
Recent events
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Other company announcement
- Quarterly results released
- Major agreement signed; New debt or financial obligation; Shareholder vote results; Other company announcement
- Quarterly results released
- Executive or board change
- Quarterly results released; Other company announcement
- Executive or board change; Investor presentation or announcement
- Other company announcement
For income and retirement investors
GPC has raised its dividend at least nine years in a row through fiscal 2025. Dividends per share grew from $3.16 in 2020 to $4.12 in 2025, about 5.4% a year, and the yield was 3.47% as of October 28, 2026. The warning sign: fiscal 2025 earnings fell to $0.47 a share, so dividends equaled 855% of earnings and 134% of free cash flow (cash left after capital spending), meaning the dividend was not covered that year. Buybacks totaled $968 million over fiscal 2021–2025, but none in 2025.
The stock has dropped hard in crashes but recovered: down 46.6% in the 2008 financial crisis, back to its peak by April 2010; down 49% in the 2020 COVID crash, recovered by September 2020. During the 2022 bear market, when stocks broadly fell, it dipped 15.3% but gained 14.5% over the market's full decline. Like any single stock, GPC carries more risk than a diversified fund.
Questions investors ask
How does Genuine Parts Company make money?
By distributing replacement parts. GPC purchases auto and industrial parts from suppliers, keeps them in stock near customers and delivers them quickly from more than 10,800 locations, mainly in North America, Europe and Australasia. In fiscal 2025, net sales were $24.3 billion and gross margin (sales minus the cost of the goods, as a share of sales) was 36.8%. North America Automotive brought in 39% of sales, Industrial 37% and International Automotive 24%.
Does Genuine Parts own NAPA?
Yes. GPC is the sole member of the National Automotive Parts Association, LLC, a group formed in 1925, and distributes many products under the NAPA brand in the U.S., Canada, Europe and Australia. Its NAPA Auto Parts subsidiaries anchor the North America Automotive segment, which had 6,864 locations at December 31, 2025 and produced 39% of fiscal 2025 sales. About 35% of its stores are company-owned; the other 65% are independently owned but supplied through GPC's distribution network.
Is Genuine Parts splitting into two companies?
It plans to, but the split is not final. On February 17, 2026, GPC announced plans to separate into two independent public companies: Global Automotive, holding its North America and International automotive businesses, and Global Industrial, holding its industrial parts business. The split is intended to be tax-free to shareholders for U.S. federal income tax purposes and is targeted for the first quarter of 2027. It still needs final board approval and regulatory clearances, and GPC says there is no assurance it will happen.
Does Genuine Parts raise its dividend every year?
It has for at least nine straight years through fiscal 2025, and the streak may be longer. Dividends per share reached $4.12 in fiscal 2025, up from $3.16 in 2020, and the yield was 3.47% as of October 28, 2026. But net income fell 92.7% in fiscal 2025, to $0.47 per share, so dividends equaled 855% of earnings and 134% of free cash flow. Net income for the three months to September 30, 2026 was $224 million, down 0.8% from a year earlier.
How has Genuine Parts stock performed?
Weakly over five years, better over ten. As of October 28, 2026, GPC's share price returned 1.3% a year over five years and 6.1% a year over ten, and was down 4.5% over one year. Calendar-year returns were -18.1% in 2023, -13.2% in 2024 and 8.7% in 2025. Over the past year it fell as much as 37.5% from a high. Its price-to-earnings ratio (share price divided by earnings per share) of 258 looks extreme because fiscal 2025 profit fell 92.7%.