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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.53B | - | $3.59B | $3.64B | $3.52B | - | $3.45B | $3.60B | $3.60B | - |
| Cost of Revenue | $2.86B | - | $2.93B | $3.00B | $2.88B | - | $2.81B | $2.92B | $2.95B | - |
| Gross Profit | $677.00M | - | $664.00M | $640.00M | $639.00M | - | $636.00M | $685.00M | $644.00M | - |
| R&D | $177.00M | - | $189.00M | $182.00M | $182.00M | - | $190.00M | $189.00M | $187.00M | - |
| SG&A | $328.00M | - | $341.00M | $317.00M | $315.00M | - | $340.00M | $341.00M | $329.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $145.00M | - | $185.00M | $179.00M | $150.00M | - | - | - | $133.00M | - |
| Operating Income | $336.00M | - | $248.00M | $289.00M | $237.00M | - | $270.00M | $297.00M | $295.00M | - |
| Interest Expense | $25.00M | - | $25.00M | $24.00M | $28.00M | - | $24.00M | $17.00M | $15.00M | - |
| Income Tax | $73.00M | - | $75.00M | $52.00M | $61.00M | - | $13.00M | ($31.00M) | $62.00M | - |
| Net Income | $242.00M | - | $158.00M | $224.00M | $157.00M | - | $234.00M | $303.00M | $206.00M | - |
| EPS - Basic | $1.18 | - | $0.74 | $1.04 | $0.72 | - | $1.04 | $1.34 | $0.91 | - |
| EPS - Diluted | $1.16 | - | $0.73 | $1.03 | $0.72 | - | $1.04 | $1.34 | $0.90 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $2.31B | - | - | - | $2.09B | $2.00B | $1.29B | $1.04B | $1.53B |
| Accounts Receivable | $3.09B | $2.96B | $3.26B | $3.20B | $3.14B | $2.84B | $3.21B | $3.11B | $3.29B | $3.11B |
| Inventory | $1.20B | $1.21B | $1.23B | $1.22B | $1.21B | $1.25B | $1.37B | $1.32B | $1.33B | $1.31B |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $6.74B | $6.79B | $6.98B | $6.78B | $6.38B | $6.52B | $6.86B | $6.00B | $5.96B | $6.22B |
| Total Assets | $13.65B | $13.77B | $14.50B | $14.40B | $13.83B | $13.99B | $15.14B | $14.11B | $14.12B | $14.45B |
| Current Liabilities | $3.17B | $3.28B | $3.40B | $3.35B | $3.23B | $3.65B | $3.72B | $3.71B | $3.87B | $3.77B |
| Long-term Debt | $3.88B | $3.89B | $3.89B | $3.90B | $3.80B | $3.76B | $4.20B | $3.28B | $3.29B | $3.71B |
| Total Liabilities | $8.01B | $8.15B | $8.35B | $8.33B | $7.94B | $8.29B | $8.79B | $7.82B | $8.08B | $8.39B |
| Stockholders' Equity | $5.48B | $5.44B | $5.99B | $5.92B | $5.72B | $5.53B | $6.16B | $6.09B | $5.84B | $5.83B |
| Retained Earnings | $6.78B | $6.57B | $6.87B | $6.75B | $6.54B | $6.41B | $6.84B | $6.62B | $6.33B | $6.15B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $82.00M | - | - | - | $82.00M | - | - | - | ($118.00M) | - |
| Investing Cash Flow | ($130.00M) | - | - | - | ($175.00M) | - | - | - | ($175.00M) | - |
| Financing Cash Flow | ($218.00M) | - | - | - | ($397.00M) | - | - | - | ($183.00M) | - |
| CapEx | $143.00M | - | $155.00M | $165.00M | $119.00M | - | - | - | $190.00M | - |
| Free Cash Flow | ($61.00M) | - | - | - | ($37.00M) | - | - | - | ($308.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.2% | - | 18.5% | 17.6% | 18.2% | - | 18.4% | 19.0% | 17.9% | - |
| Operating margin | 9.5% | - | 6.9% | 7.9% | 6.7% | - | 7.8% | 8.2% | 8.2% | - |
| EBITDA margin | 13.6% | - | 12.1% | 12.9% | 11.0% | - | - | - | 11.9% | - |
| Net margin | 6.8% | - | 4.4% | 6.2% | 4.5% | - | 6.8% | 8.4% | 5.7% | - |
| Free cash flow margin | -1.7% | - | - | - | -1.1% | - | - | - | -8.6% | - |
| FCF / Net income | -0.25 | - | - | - | -0.24 | - | - | - | -1.50 | - |
| R&D / Revenue | 5.0% | - | 5.3% | 5.0% | 5.2% | - | 5.5% | 5.2% | 5.2% | - |
| SG&A / Revenue | 9.3% | - | 9.5% | 8.7% | 9.0% | - | 9.9% | 9.5% | 9.2% | - |
| Effective tax rate | 23.2% | - | 32.2% | 18.8% | 28.0% | - | 5.3% | -11.4% | 23.1% | - |
| Return on assets | 1.8% | - | 1.1% | 1.6% | 1.1% | - | 1.5% | 2.1% | 1.5% | - |
| Return on equity | 4.4% | - | 2.6% | 3.8% | 2.7% | - | 3.8% | 5.0% | 3.5% | - |
| Return on invested capital | 2.8% | - | 1.7% | 2.4% | 1.8% | - | 2.5% | 3.2% | 2.5% | - |
| Liquidity | ||||||||||
| Current ratio | 2.13 | 2.07 | 2.05 | 2.02 | 1.97 | 1.79 | 1.84 | 1.62 | 1.54 | 1.65 |
| Quick ratio | 1.75 | 1.70 | 1.69 | 1.66 | 1.60 | 1.45 | 1.48 | 1.26 | 1.20 | 1.30 |
| Cash ratio | - | 0.70 | - | - | - | 0.57 | 0.54 | 0.35 | 0.27 | 0.41 |
| Leverage | ||||||||||
| Debt / Equity | 0.71 | 0.72 | 0.65 | 0.66 | 0.66 | 0.68 | 0.68 | 0.54 | 0.56 | 0.64 |
| Debt / Assets | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.27 | 0.28 | 0.23 | 0.23 | 0.26 |
| Debt / EBITDA | 8.06 | - | 8.99 | 8.34 | 9.83 | - | - | - | 7.70 | - |
| Interest coverage | 13.4x | - | 9.9x | 12.0x | 8.5x | - | 11.3x | 17.5x | 19.7x | - |
| Equity multiplier | 2.49 | 2.53 | 2.42 | 2.43 | 2.42 | 2.53 | 2.46 | 2.32 | 2.42 | 2.48 |
| Liabilities / Assets | 0.59 | 0.59 | 0.58 | 0.58 | 0.57 | 0.59 | 0.58 | 0.55 | 0.57 | 0.58 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.25 | 0.25 | 0.25 | - | 0.23 | 0.26 | 0.25 | - |
| Inventory turnover | 2.38 | - | 2.38 | 2.47 | 2.39 | - | 2.06 | 2.21 | 2.21 | - |
| Days sales outstanding | 319d | - | 331d | 321d | 326d | - | 340d | 315d | 334d | - |
| Days inventory outstanding | 153d | - | 154d | 148d | 153d | - | 177d | 165d | 165d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 46.8x | - | 60.2x | 32.5x | 39.8x | - | 34.9x | 24.1x | 38.6x | - |
| P / B | 2.1x | - | 1.6x | 1.2x | 1.1x | - | 1.3x | 1.2x | 1.4x | - |
| P / S | 3.2x | - | 2.7x | 2.0x | 1.8x | - | 2.4x | 2.0x | 2.2x | - |
| EV / EBITDA | 31.6x | - | 31.0x | 23.9x | 26.0x | - | - | - | 23.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.5% | - | 4.1% | 1.0% | -2.2% | - | -4.8% | -20.3% | -14.0% | - |
| Revenue CAGR (3y) | -5.5% | - | -4.0% | -1.1% | -3.2% | - | 0.3% | -1.4% | 16.4% | - |
| Revenue CAGR (5y) | 9.2% | - | 7.2% | 20.6% | 9.1% | - | 6.7% | 7.1% | 7.0% | - |
| Gross profit growth (YoY) | 5.9% | - | 4.4% | -6.6% | -0.8% | - | -2.5% | -21.1% | -14.1% | - |
| Operating income growth (YoY) | 41.8% | - | -8.1% | -2.7% | -19.7% | - | -0.7% | -22.5% | -13.2% | - |
| Net income growth (YoY) | 54.1% | - | -32.5% | -26.1% | -23.8% | - | 368.0% | 48.5% | -5.1% | - |
| EPS growth (YoY) | 61.1% | - | -29.8% | -23.1% | -20.0% | - | 395.2% | 54.0% | -3.2% | - |
| EPS CAGR (3y) | 7.6% | - | -14.3% | 4.2% | -5.0% | - | 37.5% | 9.2% | 49.4% | - |
| EPS CAGR (5y) | 33.9% | - | 6.6% | - | 2.7% | - | 2.0% | 10.1% | 3.2% | - |
| FCF growth (YoY) | -64.9% | - | - | - | 88.0% | - | - | - | -6.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -4.2% | -1.6% | -2.7% | -2.8% | -2.1% | -5.1% | 6.7% | -19.3% | -21.5% | -19.3% |
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%
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 |