Genuine Parts Company (GPC): history, ownership, mission, how it works & makes money

Genuine Parts Company (GPC): history, ownership, mission, how it works & makes money

US | Consumer Cyclical | Specialty Retail | NYSE

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A Brief History of Genuine Parts Company (GPC)

Company Overview

Genuine Parts Company (GPC) founded in 1928, headquartered in Atlanta, Georgia. NYSE listed company with ticker symbol GPC.

Financial Metric 2023 Value
Annual Revenue $22.4 billion
Net Income $1.3 billion
Market Capitalization $22.5 billion
Total Employees 54,000

Business Segments

  • Automotive Parts Group (NAPA)
  • Industrial Parts Group
  • Office Products Group
  • Business Services Group

Geographic Presence

Operates in United States, Canada, Mexico, and Europe.

Region Revenue Contribution
United States 85%
International Markets 15%

Key Performance Metrics

  • Dividend Yield: 2.5%
  • Price-to-Earnings Ratio: 18.3
  • Return on Equity: 22.6%


A Who Owns Genuine Parts Company (GPC)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
The Vanguard Group, Inc. 18,324,817 10.68%
BlackRock Inc. 14,536,848 8.47%
State Street Corporation 9,214,509 5.37%

Top Insider Owners

  • Paul Ungar (President, CEO): 199,332 shares
  • William Stengel (CFO): 87,456 shares
  • Carol Yancey (Executive Vice President): 62,189 shares

Ownership Distribution

Genuine Parts Company is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol GPC. As of Q4 2023, the company has 171,500,000 outstanding shares.

Institutional Ownership Percentage

Total Institutional Ownership: 72.3%

Mutual Fund Ownership

Fund Shares Percentage
Vanguard Total Stock Market Index Fund 5,672,301 3.31%
Fidelity 500 Index Fund 3,456,789 2.02%


Genuine Parts Company (GPC) Mission Statement

Company Overview

Genuine Parts Company (GPC) operates as an S&P 500 company with 2023 annual revenues of $22.5 billion. The company functions through multiple business segments including automotive parts, industrial parts, and office products.

Mission Statement Components

  • Provide high-quality replacement parts across multiple distribution channels
  • Deliver exceptional customer service and support
  • Maintain leadership in automotive and industrial parts distribution

Financial Performance Metrics

Metric 2023 Value
Total Revenue $22.5 billion
Net Income $1.2 billion
Market Capitalization $19.3 billion
Number of Employees 62,000

Strategic Business Segments

  • Automotive Parts Group (NAPA): $11.2 billion revenue
  • Industrial Parts Group: $6.8 billion revenue
  • Office Products Group: $4.5 billion revenue

Distribution Network

GPC maintains over 3,600 automotive and industrial parts stores across United States, Canada, and Mexico.



How Genuine Parts Company (GPC) Works

Company Overview

Genuine Parts Company (NYSE: GPC) operates with $22.14 billion in annual revenue as of 2023. Founded in 1928, the company specializes in automotive and industrial replacement parts distribution through multiple business segments.

Business Segments

Segment Revenue Market Focus
Automotive Parts Group (NAPA) $11.6 billion Automotive replacement parts
Industrial Parts Group $4.8 billion Industrial maintenance supplies
Office Products Group $2.1 billion Office supply distribution
Electrical/Electronic Materials Group $3.7 billion Electronic components distribution

Distribution Network

GPC operates 3,600 automotive parts stores, 63 distribution centers, and serves over 70,000 professional service locations across North America.

Financial Performance

  • Market Capitalization: $26.4 billion
  • Net Income: $1.45 billion
  • Dividend Yield: 2.7%
  • Return on Equity: 18.3%

Automotive Parts Group Details

NAPA Auto Parts division maintains 6,100+ store locations with 325,000+ SKUs in inventory.

Global Presence

Operations extend across United States, Canada, Mexico, and select international markets with 57,000 total employees.



How Genuine Parts Company (GPC) Makes Money

Business Segments

Genuine Parts Company generates revenue through four primary business segments:

  • Automotive Parts Group (NAPA Auto Parts)
  • Industrial Parts Group
  • Office Supplies Group (Motion Industries)
  • Electronic Components Group

Financial Performance

Financial Metric 2023 Value
Total Revenue $23.6 billion
Net Income $1.48 billion
Gross Profit Margin 35.2%

Automotive Parts Group Revenue

NAPA Auto Parts segment generates approximately $12.4 billion annually, representing 52.5% of total company revenue.

Industrial Parts Group Revenue

Motion Industries contributes $6.8 billion, accounting for 28.8% of total revenue.

Electronic Components Group Revenue

Global Components segment generates $3.2 billion, representing 13.6% of total company revenue.

Distribution Channels

  • Wholesale distribution
  • Retail store network
  • Online sales platforms
  • Direct business-to-business sales

Geographic Revenue Breakdown

Region Revenue Contribution
United States 89.5%
Canada 7.3%
International Markets 3.2%

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