BWA · Borgwarner Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $14.32B | $14.09B | $14.20B | $15.80B | $14.84B | $10.16B |
| Cost of Revenue | $11.64B | $11.44B | $11.63B | $12.70B | $11.98B | $8.26B |
| Gross Profit | $2.67B | $2.65B | $2.57B | $3.10B | $2.85B | $1.91B |
| R&D | $710.00M | $736.00M | $717.00M | $786.00M | $707.00M | $476.00M |
| SG&A | $1.30B | $1.35B | $1.32B | $1.61B | $1.46B | $951.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $719.00M | $673.00M | $582.00M | $721.00M | $772.00M | $568.00M |
| Operating Income | $536.00M | $546.00M | $1.16B | $1.37B | $1.15B | $618.00M |
| Interest Expense | $99.00M | $84.00M | $73.00M | $78.00M | $73.00M | - |
| Income Tax | $189.00M | $111.00M | $289.00M | $292.00M | $150.00M | $397.00M |
| Net Income | $277.00M | $338.00M | $625.00M | $944.00M | $537.00M | $500.00M |
| EPS - Basic | $1.29 | $1.51 | $2.68 | $3.53 | $1.98 | $2.07 |
| EPS - Diluted | $1.28 | $1.50 | $2.67 | $3.51 | $1.97 | $2.06 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.31B | $2.09B | $1.53B | $1.34B | $1.84B | $1.65B |
| Accounts Receivable | $2.96B | $2.84B | $3.11B | $3.32B | $2.90B | $2.92B |
| Inventory | $1.21B | $1.25B | $1.31B | $1.69B | $1.53B | $1.29B |
| Accounts Payable | - | - | - | $2.68B | - | - |
| Current Assets | $6.79B | $6.52B | $6.22B | $6.62B | $6.60B | $6.17B |
| Total Assets | $13.77B | $13.99B | $14.45B | $16.99B | $16.57B | $16.03B |
| Current Liabilities | $3.28B | $3.65B | $3.77B | $4.24B | $3.80B | $3.81B |
| Long-term Debt | $3.89B | $3.76B | $3.71B | $4.17B | $4.26B | $3.74B |
| Total Liabilities | $8.15B | $8.29B | $8.39B | $9.49B | $9.31B | - |
| Stockholders' Equity | $5.44B | $5.53B | $5.83B | $7.22B | $6.95B | $6.43B |
| Retained Earnings | $6.57B | $6.41B | $6.15B | $7.45B | $6.67B | $6.30B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.65B | $1.38B | $1.18B | $1.57B | $1.31B | $1.18B |
| Investing Cash Flow | ($368.00M) | ($603.00M) | ($1.25B) | ($1.42B) | ($1.40B) | ($866.00M) |
| Financing Cash Flow | ($1.12B) | ($167.00M) | ($564.00M) | ($567.00M) | $286.00M | $437.00M |
| CapEx | $469.00M | $671.00M | $832.00M | $723.00M | $666.00M | $441.00M |
| Free Cash Flow | $1.18B | $711.00M | $348.00M | $846.00M | $640.00M | $743.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.7% | 18.8% | 18.1% | 19.6% | 19.2% | 18.8% |
| Operating margin | 3.7% | 3.9% | 8.2% | 8.7% | 7.8% | 6.1% |
| EBITDA margin | 8.8% | 8.7% | 12.3% | 13.3% | 13.0% | 11.7% |
| Net margin | 1.9% | 2.4% | 4.4% | 6.0% | 3.6% | 4.9% |
| Free cash flow margin | 8.2% | 5.0% | 2.5% | 5.4% | 4.3% | 7.3% |
| FCF / Net income | 4.26 | 2.10 | 0.56 | 0.90 | 1.19 | 1.49 |
| R&D / Revenue | 5.0% | 5.2% | 5.1% | 5.0% | 4.8% | 4.7% |
| SG&A / Revenue | 9.1% | 9.6% | 9.3% | 10.2% | 9.8% | 9.4% |
| Effective tax rate | 40.6% | 24.7% | 31.6% | 23.6% | 21.8% | 44.3% |
| Return on assets | 2.0% | 2.4% | 4.3% | 5.6% | 3.2% | 3.1% |
| Return on equity | 5.1% | 6.1% | 10.7% | 13.1% | 7.7% | 7.8% |
| Return on invested capital | 3.4% | 4.4% | 8.3% | 9.2% | 8.0% | 3.4% |
| Liquidity | ||||||
| Current ratio | 2.07 | 1.79 | 1.65 | 1.56 | 1.74 | 1.62 |
| Quick ratio | 1.70 | 1.45 | 1.30 | 1.16 | 1.33 | 1.28 |
| Cash ratio | 0.70 | 0.57 | 0.41 | 0.32 | 0.48 | 0.43 |
| Leverage | ||||||
| Debt / Equity | 0.72 | 0.68 | 0.64 | 0.58 | 0.61 | 0.58 |
| Debt / Assets | 0.28 | 0.27 | 0.26 | 0.25 | 0.26 | 0.23 |
| Debt / EBITDA | 3.10 | 3.09 | 2.13 | 1.99 | 2.22 | 3.15 |
| Interest coverage | 5.4x | 6.5x | 15.9x | 17.6x | 15.8x | - |
| Equity multiplier | 2.53 | 2.53 | 2.48 | 2.35 | 2.39 | 2.49 |
| Liabilities / Assets | 0.59 | 0.59 | 0.58 | 0.56 | 0.56 | - |
| Efficiency | ||||||
| Asset turnover | 1.04 | 1.01 | 0.98 | 0.93 | 0.90 | 0.63 |
| Inventory turnover | 9.65 | 9.14 | 8.86 | 7.53 | 7.81 | 6.42 |
| Days sales outstanding | 76d | 74d | 80d | 77d | 71d | 105d |
| Days inventory outstanding | 38d | 40d | 41d | 48d | 47d | 57d |
| Days payable outstanding | - | - | - | 77d | - | - |
| Cash conversion cycle | - | - | - | 48d | - | - |
| Valuation | ||||||
| P / E | 35.2x | 21.2x | 13.4x | 10.1x | 20.1x | 16.5x |
| P / B | 1.8x | 1.3x | 1.4x | 1.2x | 1.4x | 1.1x |
| P / S | 0.7x | 0.5x | 0.6x | 0.5x | 0.6x | 0.7x |
| EV / EBITDA | 9.0x | 7.2x | 6.1x | 5.4x | 6.2x | 7.9x |
| Growth | ||||||
| Revenue growth (YoY) | 1.6% | -0.8% | -10.1% | 6.5% | 46.0% | -0.0% |
| Revenue CAGR (3y) | -3.2% | -1.7% | 11.8% | 15.8% | 12.1% | 1.2% |
| Revenue CAGR (5y) | 7.1% | 6.7% | 6.2% | 10.0% | 10.3% | 4.8% |
| Gross profit growth (YoY) | 1.0% | 3.1% | -17.2% | 8.6% | 49.5% | -9.1% |
| Operating income growth (YoY) | -1.8% | -52.9% | -15.6% | 19.4% | 86.2% | -52.6% |
| Net income growth (YoY) | -18.0% | -45.9% | -33.8% | 75.8% | 7.4% | -33.0% |
| EPS growth (YoY) | -14.7% | -43.8% | -24.0% | 78.1% | -4.3% | -42.9% |
| EPS CAGR (3y) | -28.6% | -8.7% | 9.0% | -0.9% | -23.7% | -0.3% |
| EPS CAGR (5y) | -9.1% | -16.1% | -9.7% | 11.0% | 29.1% | -5.3% |
| FCF growth (YoY) | 65.8% | 104.3% | -58.9% | 32.2% | -13.9% | 41.0% |
| FCF CAGR (5y) | 9.7% | 6.2% | -9.7% | 6.4% | 3.6% | 20.7% |
| Book value growth (YoY) | -1.6% | -5.1% | -19.3% | 4.0% | 8.1% | 36.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$14.32B totalTurbos Thermal Technologies$5.77B · 40.3%
Drivetrain Morse Systems$5.63B · 39.4%
Power Drive Systems$2.32B · 16.2%
Battery Charging Systems$590.00M · 4.1%
Geographic
$19.07B totalCN$2.97B · 15.6%
Europe$2.84B · 14.9%
US$2.29B · 12.0%
MX$1.74B · 9.1%
DE$1.62B · 8.5%
Other Europe$1.51B · 7.9%
North America$1.40B · 7.4%
Asia$1.26B · 6.6%
PL$1.25B · 6.5%
KR$1.15B · 6.0%
HU$771.00M · 4.0%
Other Foreign$259.00M · 1.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.03
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing BORGWARNER INC against the 5 most active filers in the same SIC group.
Dividends
$0.68/share trailing 12 months · +54.5% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.1700 |
| Mar 2, 2026 | $0.1700 |
| Dec 1, 2025 | $0.1700 |
| Sep 2, 2025 | $0.1700 |
| Jun 2, 2025 | $0.1100 |
| Mar 3, 2025 | $0.1100 |
| Dec 2, 2024 | $0.1100 |
| Sep 3, 2024 | $0.1100 |
| Jun 3, 2024 | $0.1100 |
| Feb 29, 2024 | $0.1100 |
| Nov 30, 2023 | $0.1100 |
| Aug 31, 2023 | $0.1100 |
| May 31, 2023 | $0.1496 |
| Feb 28, 2023 | $0.1496 |
| Nov 30, 2022 | $0.1496 |
| Aug 31, 2022 | $0.1496 |
| May 31, 2022 | $0.1496 |
| Feb 28, 2022 | $0.1496 |
| Nov 30, 2021 | $0.1496 |
| Aug 31, 2021 | $0.1496 |
| May 28, 2021 | $0.1496 |
| Feb 26, 2021 | $0.1496 |
| Nov 30, 2020 | $0.1496 |
| Aug 31, 2020 | $0.1496 |