Magna's third-quarter adjusted EBIT rose 11% year over year, while EBIT margin increased 90 basis points to 6.8%. All segments except seating increased margin. The company also finished its share repurchase program and announced a new one for 25.8 million shares expiring Nov. 8, 2027.
High switching costs often enable sticky market shares for auto suppliers.
Bears
Magna relies heavily on a handful of automakers; its top six customers accounted for 76% of total 2025 revenue. Asian automakers can be hard to gain share with.
Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2025, 48.6% of Magna's USD 42 billion of revenue came from North America, while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 75.9% of revenue, with the top three being GM, Mercedes, and Ford. GM was the largest contributor at 15.6%. Magna was founded in 1957, has about 144,000 employees, and is based in Aurora, Ontario.