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Magna International

  • Vehicles Produced29.5 KQ2, 2021
  • Revenue$36.2 BFY, 2021
  • Market Capitalization$18.7 B2022-08-04

OverviewSuggest Edit

Magna International is a company that designs, develops, and manufactures automotive systems, assemblies, modules, and components. It offers body systems, including exterior sheet metal and closure systems, body structure systems, and energy management solutions, chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules. The company also provides engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services.
TypePublic
Founded1957
HQAurora, CAMap
Websitemagna.com
Employee Ratings3.7
View Jobs (2,424)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)158,000(+3%)
Job Openings2,424
Revenue (FY, 2021)$36.2 B(+12%)
Share Price (Aug 2022)$62(-4%)
Cybersecurity ratingCMore
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Key People/Management at Magna International

Seetarama Kotagiri

Seetarama Kotagiri

Chief Executive Officer, Director
Vincent J. Galifi

Vincent J. Galifi

President
Eric J. Wilds

Eric J. Wilds

Executive Vice President and Chief Sales & Marketing Officer
Aaron D. McCarthy

Aaron D. McCarthy

Executive Vice President and Chief Human Resources Officer
Bruce R. Cluney

Bruce R. Cluney

Executive Vice President and Chief Legal Officer
Boris Shulkin

Boris Shulkin

Executive Vice President and Chief Digital & Information Officer
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Magna International Office Locations

Magna International has offices in Aurora, Brampton, Newmarket, Windsor and in 56 other locations
Aurora, CA (HQ)
377 Magna Dr
Brampton, CA
2550 Steeles Ave E
Newmarket, CA
521 Newpark Blvd
Windsor, CA
9305 Twin Oaks Dr
Córdoba, AR
Colectora 1569
Graz, AT
Liebenauer Hauptstraße 317
Show all (64)

Magna International Financials and Metrics

Magna International Revenue

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View revenue for all periods
Magna International's revenue was reported to be $36.24 b in FY, 2021
USD

Revenue (Q1, 2022)

9.6b

Gross profit (Q1, 2022)

1.2b

Gross profit margin (Q1, 2022), %

12.9%

Net income (Q1, 2022)

379.0m

EBITDA (Q1, 2022)

876.0m

EBIT (Q1, 2022)

507.0m

Market capitalization (4-Aug-2022)

18.7b

Closing stock price (4-Aug-2022)

62.0

Cash (31-Mar-2022)

2.0b

EV

20.4b
Magna International's current market capitalization is $18.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

39.4b32.6b36.2b

Cost of goods sold

(33.8b)(28.0b)(30.8b)

Gross profit

6.2b4.7b5.5b

Gross profit Margin, %

16%14%15%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

10.6b10.1b9.3b8.7b4.3b9.1b10.2b9.0b7.9b9.6b

Cost of goods sold

(9.2b)(8.7b)(8.1b)(7.6b)(4.2b)(7.7b)(8.7b)(7.7b)(6.9b)(8.4b)

Gross profit

1.4b1.4b1.3b1.1b87.0m1.4b1.6b1.3b1.0b1.2b

Gross profit Margin, %

13%14%13%13%2%16%15%14%13%13%
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

684.0m1.3b3.3b2.9b

Accounts Receivable

6.5b5.9b6.4b6.3b

Prepaid Expenses

193.0m238.0m260.0m278.0m

Inventories

3.4b3.3b3.4b4.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

925.0m563.0m769.0m1.1b533.0m1.5b3.5b3.4b2.7b2.0b

Accounts Receivable

7.4b7.2b7.1b5.7b5.3b6.6b7.2b6.5b6.1b7.0b

Prepaid Expenses

222.0m244.0m189.0m234.0m216.0m196.0m290.0m294.0m247.0m310.0m

Inventories

3.5b3.5b3.5b3.5b3.5b3.5b3.6b4.0b4.2b4.3b
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

2.3b1.6b677.0m1.6b

Depreciation and Amortization

1.5b1.6b1.6b1.8b

Inventories

(92.0m)104.0m37.0m(653.0m)

Accounts Payable

265.0m(519.0m)274.0m160.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

1.1b1.6b2.3b252.0m(400.0m)179.0m622.0m1.1b1.7b379.0m

Depreciation and Amortization

321.0m655.0m1.3b336.0m670.0m1.3b364.0m738.0m1.5b369.0m

Inventories

(107.0m)(107.0m)(223.0m)(277.0m)(214.0m)(435.0m)(213.0m)(561.0m)(1.0b)(350.0m)

Accounts Payable

400.0m400.0m617.0m109.0m(1.3b)310.0m337.0m(210.0m)(97.0m)441.0m
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USDFY, 2018

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
Show all financial metrics

Magna International Operating Metrics

Magna International's Vehicles Produced was reported to be 29.5 k in Q2, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Countries

2828282827272727272828

Manufacturing Facilities

348338347346346347346344342347347

Product Development, Engineering and Sales Centres

9189929294949393918487

Vehicles Produced

144.6 k45.9 k43 k35.6 k158.5 k30.9 k16.8 k27.3 k109.5 k40 k29.5 k

Magna International Acquisitions / Subsidiaries

Company NameDateDeal Size
Optimus RideJanuary 11, 2022
HonglizhixinJanuary 01, 2021
VIZA GECAApril 29, 2019$99 m
OLSAOctober 31, 2018$152 m
BÖCOSeptember 26, 2016
MAGNA TelemotiveApril 26, 2016
GetragJanuary 04, 2016$1.9 b
Stadco AutomotiveNovember 30, 2015$115 m
TechformOctober 31, 2014$23 m
Textile Competence CentreNovember 30, 2013$9 m
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Magna International Revenue Breakdown

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Magna International revenue breakdown by business segment: 31.3% from POWER & VISION, 39.9% from BODY EXTERIORS AND STRUCTURES, 16.8% from COMPLETE VEHICLES, 13.5% from SEATING SYSTEMS and -1.6% from Other

Magna International revenue breakdown by geographic segment: 11.7% from CANADA, 10.6% from MEXICO, 23.8% from UNITED STATES, 9.8% from CHINA (PEOPLES REPUBLIC), 21.1% from AUSTRIA, 11.0% from GERMANY and 12.0% from Other

Human Capital Metrics

Source: craft.co, craft.co, craft.co
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Magna International Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

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Magna International Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Magna International Online and Social Media Presence

Magna International's Trends

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Magna International News and Updates

February 28, 2022

Magna Amps Up Electrified Propulsion Push

We sample Magna’s latest plug-and-play electrified propulsion solutions at the Canadian automotive supplier’s annual Winter Test, this time in northern Michigan.
February 23, 2022

Magna unveils electric powertrain conversion for pickup trucks

EtelligentForce system to be built at new EV centre in Michigan with production slated to begin in 2025
December 13, 2021

Magna All-Electric Powertrain Set to Hit Market in 2022

Magna’s all-electric connected powertrain, the EtelligentReach, is the latest innovation set to debut on a new entrant vehicle in 2022. The complete system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics.
December 02, 2021

Magna Secures Business For Hybrid Dual-Clutch Transmission Program

With the shift to electrified vehicles speeding up in society’s pursuit of cleaner and more efficient mobility, Magna is enabling global automakers to electrify their vehicle platforms with a full range of hybrid and fully electric powertrain solutions. The company has today confirmed that it has re…
November 15, 2021

Magna Fully Charged for CES 2022

Magna is charging toward CES 2022 in Las Vegas where it will highlight its commitment to creating a better world of mobility. The company is demonstrating how its complete vehicle expertise and systems approach touches all aspects of the vehicle from electrification to advanced driver assist systems…
November 10, 2021

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 29,948,000 Magna Common Shares (the "Bid"), representing appr…
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 Magna International Frequently Asked Questions

  • When was Magna International founded?

    Magna International was founded in 1957.

  • Who are Magna International key executives?

    Magna International's key executives are Seetarama Kotagiri, Vincent J. Galifi and Eric J. Wilds.

  • How many employees does Magna International have?

    Magna International has 158,000 employees.

  • What is Magna International revenue?

    Latest Magna International annual revenue is $36.2 b.

  • What is Magna International revenue per employee?

    Latest Magna International revenue per employee is $229.4 k.

  • Who are Magna International competitors?

    Competitors of Magna International include Aptiv, American Axle & Manufacturing and Lear Corporation.

  • Where is Magna International headquarters?

    Magna International headquarters is located at 377 Magna Dr, Aurora.

  • Where are Magna International offices?

    Magna International has offices in Aurora, Brampton, Newmarket, Windsor and in 56 other locations.

  • How many offices does Magna International have?

    Magna International has 64 offices.