Brembo
Q2 2026- Revenue
- €983.0M · +6.4%
- EBITDA margin
- 16.5% (16.0%)
- FY26 guide
- ~5% growth at constant FX, up from ~3%
Growth picked up after a currency-hit first quarter, and margins kept improving.
9-month results expected NovemberThe financial picture of the brake and friction industry in 2026. The BRAKE Index tracks 24 public companies across suppliers, commercial vehicle and rail braking, and the aftermarket, and the Pure-Play Index isolates the ones where brakes are the core business. The private company roster covers the major players without a share price.
Price change since the last 2025 close. The dashed line marks the S&P 500.
Select a column heading to sort. Market caps are in local currency.
| Segment | Last close | Market cap | |||
|---|---|---|---|---|---|
| Nisshinbo · Diversified3105 · Tokyo | Supplier | ¥2,717.5 | +107.3% | +124.0% | ¥460B |
| SAF-Holland (Haldex)SFQ · Xetra | CV & rail | €21.70 | +41.8% | +46.1% | €970M |
| WabtecWAB · NYSE | CV & rail | $282.44 | +32.8% | +44.8% | $47.7B |
| ASK Automotive · ~37% brakingASKAUTOLTD · NSE | Supplier | ₹594.60 | +24.2% | +19.2% | ₹117B |
| ITT (ITT Friction) · DiversifiedITT · NYSE | Supplier | $200.39 | +16.2% | +14.2% | $17.9B |
| Frasle Mobility · Pure-playFRAS3 · São Paulo | Supplier | R$26.38 | +10.5% | +20.3% | R$7.4B |
| Advance Auto PartsAAP · NYSE | Aftermarket | $41.20 | +6.4% | -37.5% | $2.49B |
| Knorr-Bremse · Pure-playKBX · Xetra | CV & rail | €100.00 | +5.1% | — | €16.1B |
| Genuine PartsGPC · NYSE | Aftermarket | $125.41 | +4.9% | -8.8% | $17.2B |
| Brembo · Pure-playBRE · Milan | Supplier | €9.83 | +4.4% | +6.4% | €3.24B |
| Standard Motor ProductsSMP · NYSE | Aftermarket | $37.56 | +4.4% | -7.8% | $831M |
| Dorman ProductsDORM · Nasdaq | Aftermarket | $122.87 | -0.3% | -16.8% | $3.65B |
| Hyundai Mobis · Diversified012330 · Seoul | Supplier | ₩359,000 | -3.8% | +20.9% | ₩31.75T |
| O'Reilly AutomotiveORLY · Nasdaq | Aftermarket | $84.61 | -7.2% | -18.1% | $68.5B |
| Akebono Brake · Pure-play7238 · Tokyo | Supplier | ¥102 | -12.8% | -14.3% | ¥27.9B |
| Motorcar Parts of America · Price Oct 2MPAA · Nasdaq | Aftermarket | $10.53 | -14.7% | -36.8% | $199M |
| AutoZoneAZO · NYSE | Aftermarket | $2,846.27 | -16.1% | -29.5% | $46.7B |
| Sangsin Brake · Pure-play041650 · Seoul | Supplier | ₩2,140 | -20.9% | -19.3% | ₩41B |
| Bethel Automotive · Pure-play603596 · Shanghai | Supplier | CN¥27.33 | -21.1% | -22.4% | CN¥24.5B |
| HL Mando · Check close204320 · Seoul | Supplier | ₩44,450 | -24.3% | +30.9% | ₩2.09T |
| LKQLKQ · Nasdaq | Aftermarket | $22.03 | -24.6% | -28.6% | $5.57B |
| Aisin (Advics parent) · Diversified7259 · Tokyo | Supplier | ¥2,196 | -24.9% | -15.7% | ¥1.6T |
| Shandong Gold Phoenix · Pure-play603586 · Shanghai | Supplier | CN¥13.74 | -28.0% | -30.1% | CN¥2.69B |
| Zhejiang Asia-Pacific (APG) · Pure-play002284 · Shenzhen | Supplier | CN¥9.30 | -37.7% | -30.3% | CN¥6.87B |
Latest reported quarter for the companies that disclose brake or braking-segment results. Next report dates where announced.
Growth picked up after a currency-hit first quarter, and margins kept improving.
9-month results expected NovemberBoth divisions widened margins. Truck orders jumped 29.5% while rail orders eased from a high base.
Next report: Oct 29, 2026Freight and Transit both grew double digits, with Dellner Couplers adding to Transit since February.
Next report: Oct 21, 2026Sales are shrinking, but cost discipline is still lifting profit slightly.
Q2 results expected NovemberThe group is growing, but the brake segment's margin slipped in the first quarter. First-half segment detail is still to be added.
Next report: Nov 10, 2026 (unconfirmed)A record margin, driven by Brazilian aftermarket demand and faster savings from the Dacomsa integration.
Q3 date not yet announcedTariff refunds pushed profit up on flat sales. The lower sales outlook is the number to watch.
Next report: Oct 26, 2026Temperature Control and Engineered Solutions carried the quarter while the core Vehicle Control segment slipped.
Q3 date not yet announcedWho owns the major private brake makers, what they disclose, and where a publicly traded parent gives investors indirect exposure. Revenue is shown only where the company publishes it.
| Company | Owner | Disclosed revenue | Public way in | Status | Latest |
|---|---|---|---|---|---|
| Bosch MobilityESP, iBooster, braking systems · Germany | Robert Bosch Stiftung (94%) and family Foundation & family |
Group €91.0B; Mobility €55.8B (2025) | — | Restructuring | Cutting about 13,000 auto-business jobs announced Sep 2025. |
| ZF FriedrichshafenTRW brakes, WABCO CV braking, ZF Aftermarket · Germany | Zeppelin Foundation (93.8%), Ulderup Foundation Foundation & family |
Group €38.8B, net loss ~€2.1B; Aftermarket €3.5B (2025) | — | Restructuring | Selling passenger-car ADAS unit to Harman (~€1.5B) to cut debt. |
| AdvicsOE brake systems, Toyota group · Japan | Aisin 51%, Denso 34%, Toyota 9%, Sumitomo Electric 6% Corporate JV / subsidiary |
Not disclosed | Aisin (7259 · Tokyo) | New venture | 51/49 JV with Brakes India for advanced braking parts in India. |
| AstemoBrakes and chassis, incl. former Nissin Kogyo · Japan | Honda, JIC Capital, Hitachi Corporate JV / subsidiary |
Group ¥2.19T (2024, unconfirmed) | Honda (HMC · NYSE) | Ownership change | Honda moving to 61% control; closing slipped to year-end pending approvals. |
| Tenneco / DRiVWagner and other aftermarket brake brands · USA | Apollo funds (private since 2022) Private equity |
Not disclosed | — | IPO prep | Reportedly preparing a US IPO; DRiV may stay outside the listed company. |
| TMD FrictionTextar, Mintex, Pagid, Don, Cobreq · Germany | AEQUITA (since Dec 2023) Private equity |
Not disclosed | — | Stable | No major financial event in the past year. |
| Carlisle Brake & FrictionOff-highway and industrial friction, Hawk Performance · USA | CentroMotion (One Rock Capital Partners) Private equity |
Not disclosed | — | Stable | Marked 100 years in January 2025; no major event since. |
| MibaFriction materials and sintered parts · Austria | Mitterbauer family Foundation & family |
€1.20B, group (FY2025/26) | — | Stable | Reported record revenue in April 2026 with a 60.9% equity ratio. |
| Brakes IndiaOE and aftermarket brakes, foundry · India | TVS group (Santhanam family) Foundation & family |
₹7,509 crore (FY2025) | — | New venture | AA+ credit rating reaffirmed; new braking JV with Advics. |
| GalferMotorcycle and auto pads, discs · Spain | Milesi family Foundation & family |
Not disclosed | — | Stable | No financial event found. |
| Friction OnePads, rotors, drums, calipers; now Raybestos · USA, Mexico, China | Founder-led (structure unconfirmed) Independent / founder |
Not disclosed | — | Acquiring | Bought the Raybestos brand and BPI's McHenry test lab out of bankruptcy. |
| TerrePowerFormerly BBB Industries; remanufactured calipers and parts · USA | Clearlake Capital (since 2022), Genstar minority Private equity |
Not disclosed | — | Stable | Operates under its new name after the BBB Industries rebrand. |
| PowerStopPerformance brake kits for the aftermarket · USA | TSG Consumer Partners Private equity |
Not disclosed | — | Stable | No major financial event found. |
| ConMetWheel ends, hubs and brake drums for trucks · USA | Amsted Industries (employee-owned) Independent / founder |
Not disclosed | — | Stable | No major financial event found. |
| RassiniVertically integrated brake discs and suspension · Mexico | Controlling shareholders (private since 2018 delisting) Independent / founder |
Not disclosed | — | Stable | No major financial event found. |
| KiriuBrake discs and drums; owns Asama Giken · Japan | Sumitomo Corporation (100%) Owned by a public company |
Not disclosed | Sumitomo Corp (8053 · Tokyo) | Stable | Brake discs were about 72% of sales in FY3/2025. |
| Webb Wheel & TSE BrakesDrums, rotors, hubs; spring brakes and slack adjusters · USA | Marmon Holdings Owned by a public company |
Not disclosed | Berkshire Hathaway (BRK.B · NYSE) | Stable | No major financial event found. |
| Bendix CVSCommercial vehicle air and foundation brakes · USA | Knorr-Bremse Owned by a public company |
Not broken out; Knorr Truck division €3.50B (2025) | Knorr-Bremse (KBX · Xetra) | Stable | Parent's truck revenue fell 8.8% in 2025, but orders rebounded in 2026. |
| MeritorCV axles and brakes · USA | Cummins (since 2022) Owned by a public company |
Not broken out; Cummins $33.7B (2025) | Cummins (CMI · NYSE) | Stable | Cummins Components sales were down 7% in Q4 2025. |
| HaldexCV and trailer brakes, air systems · Sweden | SAF-Holland (since 2023) Owned by a public company |
Not broken out; SAF-Holland €1.73B (2025) | SAF-Holland (SFQ · Xetra) | Acquiring | Bought out the remaining Haldex India JV shares in 2025. |
Most of the brake industry is privately held. These are the ownership, M&A and restructuring events that show up instead of a share price.
Listed companies from the handbook directory that are held out of the index for now, and why.
| Company | Listing | Brake link | Why it's held out |
|---|---|---|---|
| KB Autosys | 024120 · KOSDAQ | Brake pads and linings, nearly all revenue | Pending price Year-end 2025 base still to confirm. Pure-play once added. |
| Sundaram Brake Linings | SUNDRMBRAK · NSE | Friction materials, nearly all revenue | Pending price Year-end 2025 base still to confirm. Pure-play once added. |
| Aumovio | AMV0 · Xetra | ATE brakes, electronic and brake-by-wire systems | Pending price Year-end 2025 base still to confirm. |
| Rane (Madras) | RML · NSE | Absorbed Rane Brake Lining; bought Hindustan Composites' friction unit in 2026 | Exposure Friction is still a minority of sales, mostly steering and castings. Year-end base unconfirmed. |
| HELLA | HLE · Xetra | Owns HELLA PAGID aftermarket brakes | Exposure Mostly lighting and electronics; 81.6% owned by Forvia. |
| SGL Carbon | SGL · Xetra | 50:50 carbon-ceramic disc JV with Brembo | Exposure The JV's sales are not in SGL's reported revenue. |
| Wanxiang Qianchao | 000559 · Shenzhen | Brake systems among chassis parts | Exposure Bearings, CV joints and hub units dominate; brakes are not broken out. |
| SHW AG | Open market · Hamburg | Brake discs for premium OEMs | Liquidity Over 75% owned by Pierer Industrie; thinly traded with unreliable prices. |
| Horiba, Bruker, Trelleborg | 6856 · Tokyo / BRKR / TREL B | Brake testing equipment and NVH materials | Exposure Brake work is a small part of each business. |
The BRAKE Index, new earnings and the month's deals, in one short email.
For industry information only. This page is not investment advice and does not recommend buying or selling any security.