Financials · BWA

BorgWarner Inc. (BWA) financials

For the twelve months ended Sep 30, 2026, BorgWarner Inc. reported $14.24B of revenue and $478.00M of net income.

Revenue, TTM
$14.24B
Revenue growth, YoY
+0.4%
Net income, TTM
$478.00M
Net income growth, YoY
+256.7%
Net margin
3.4%
Free cash flow, TTM
$1.15B
EPS, diluted, TTM
$2.38
EPS growth, YoY
+240.0%
Cash
$1.58B
Total debt
$3.00B
P/E
20.51
P/S
0.69
Market cap
$9.80B
Annual revenue$14.32B
FY2016FY2025
Annual net income$277.00M
FY2016FY2025
Annual free cash flow$1.18B
FY2016FY2025

BWA revenue and earnings growth

BWA revenueQ3 2026$3.49B

Quarter YoY
-2.9%
QoQ
-4.4%
FY YoY
+1.6%
5Y CAGR
+7.1%
10Y CAGR
+6.0%

BWA revenue was $3.49B in fiscal Q3 2026 (ended Sep 30, 2026), down 2.9% from a year earlier and down 4.4% from the prior quarter. For the full fiscal 2025 it was $14.32B, up 1.6% from fiscal 2024. Compound annual growth was +7.1% over 5 years and +6.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

BWA net incomeQ3 2026$221.00M

Quarter YoY
+39.9%
QoQ
-20.2%
FY YoY
-18.0%
5Y CAGR
-11.1%
10Y CAGR
-7.1%

BWA net income was $221.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 39.9% from a year earlier and down 20.2% from the prior quarter. For the full fiscal 2025 it was $277.00M, down 18.0% from fiscal 2024. Compound annual growth was -11.1% over 5 years and -7.1% over 10 years. It rose in 4 of the last 10 fiscal years.

BWA EPSQ3 2026$1.08

Quarter YoY
+47.9%
QoQ
-19.4%
FY YoY
-14.7%
5Y CAGR
-11.4%
10Y CAGR
-6.7%

BWA diluted EPS was $1.08 in fiscal Q3 2026 (ended Sep 30, 2026), up 47.9% from a year earlier and down 19.4% from the prior quarter. For the full fiscal 2025 it was $1.28, down 14.7% from fiscal 2024. Compound annual growth was -11.4% over 5 years and -6.7% over 10 years.

BWA free cash flowQ3 2026$195.00M

Quarter YoY
-24.1%
QoQ
-60.2%
FY YoY
+65.8%
5Y CAGR
+9.7%
10Y CAGR
+15.0%

BWA free cash flow was $195.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 24.1% from a year earlier and down 60.2% from the prior quarter. For the full fiscal 2025 it was $1.18B, up 65.8% from fiscal 2024. Compound annual growth was +9.7% over 5 years and +15.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$14.32B$14.09B$14.20B$12.63B$11.80B$10.16B$10.17B$10.53B$9.80B$9.07B
Cost of revenue$11.64B$11.44B$11.63B$10.27B$9.63B$8.26B$8.07B$8.30B$7.68B$7.14B
Gross profit$2.67B$2.65B$2.57B$2.37B$2.17B$1.91B$2.10B$2.23B$2.12B$1.93B
Research and development$710.00M$736.00M$717.00M$701.00M$586.00M$476.00M$413.00M$440.00M$408.00M$343.20M
Selling, general and admin$1.30B$1.35B$1.32B$1.29B$1.08B$951.00M$873.00M$946.00M$899.00M$818.00M
Operating income$536.00M$546.00M$1.16B$1.01B$914.00M$618.00M$1.30B$1.19B$1.07B$973.20M
Pre-tax income$524.00M$539.00M$991.00M$913.00M$510.00M$964.00M$1.26B$1.20B$1.06B$942.70M
Income tax$189.00M$111.00M$289.00M$195.00M$65.00M$397.00M$468.00M$211.00M$580.00M$306.00M
Net income$277.00M$338.00M$625.00M$944.00M$537.00M$500.00M$746.00M$931.00M$440.00M$595.00M
EPS, basic$1.29$1.51$2.68$4.01$2.25$2.35$3.63$4.47$2.09$2.78
EPS, diluted$1.28$1.50$2.67$3.99$2.24$2.34$3.61$4.44$2.08$2.76
Diluted shares216.4M224.8M234.4M236.8M239.5M214.0M206.8M209.5M211.5M215.3M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$2.31B$2.09B$1.53B$1.34B$1.84B$1.65B$832.00M$739.00M$545.00M$444.00M
Receivables$2.96B$2.84B$3.11B$2.47B$2.90B$2.92B$1.92B$1.99B$2.02B$1.69B
Inventory$1.21B$1.25B$1.31B$1.22B$1.53B$1.29B$807.00M$781.00M$766.30M$641.20M
Current assets$6.79B$6.52B$6.22B$6.62B$6.60B$6.17B$3.84B$3.81B$3.54B$2.91B
Goodwill$2.06B$2.36B$3.01B$2.98B$2.85B$2.63B$1.84B$1.85B$1.88B$1.70B
Total assets$13.77B$13.99B$14.45B$16.99B$16.57B$16.03B$9.70B$10.10B$9.79B$8.83B
Current liabilities$3.28B$3.65B$3.77B$4.24B$3.80B$3.81B$2.33B$2.40B$2.43B$2.09B
Short-term debt$2.00M$337.00M$3.00M$2.00M$4.00M$4.00M$252.00M$140.00M$15.80M$19.40M
Long-term debt$3.89B$3.76B$3.71B$4.14B$4.26B$3.74B$1.67B$1.94B$2.10B$2.04B
Total debt$3.90B$4.10B$3.71B$4.14B$4.26B$3.74B$1.93B$2.08B$2.12B$2.06B
Total liabilities$8.15B$8.29B$8.39B$9.49B$9.31B$9.30B$10.43B$5.75B$5.96B$5.53B
Shareholders' equity$5.44B$5.53B$5.83B$7.22B$6.95B$6.43B-$727.00M$4.23B$3.72B$3.22B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.65B$1.38B$1.40B$1.18B$1.21B$1.18B$1.01B$1.13B$1.18B$1.04B
Capital expenditures$469.00M$671.00M$832.00M$622.00M$514.00M$441.00M$481.00M$546.00M$560.00M$500.60M
Free cash flow$1.18B$711.00M$565.00M$558.00M$696.00M$743.00M$527.00M$580.00M$620.00M$535.10M
Investing cash flow-$368.00M-$603.00M-$593.00M-$1.32B-$1.25B-$866.00M-$489.00M-$514.00M-$752.00M-$404.20M
Financing cash flow-$1.12B-$167.00M-$521.00M-$564.00M$294.00M$437.00M-$420.00M-$383.00M-$363.00M-$733.80M
Dividends paid$119.00M$98.00M$130.00M$161.00M$162.00M$146.00M$140.00M$142.00M$124.00M$113.40M
Share repurchases$508.00M$402.00M$177.00M$240.00M$0$216.00M$100.00M$150.00M$100.00M$288.00M
Stock-based compensation$66.00M$62.00M$58.00M$64.00M$50.00M$41.00M$42.00M$53.00M$52.00M$43.60M
Depreciation and amortization$719.00M$673.00M$582.00M$552.00M$574.00M$568.00M$439.00M$431.00M$408.00M$391.40M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY1.6%-0.8%12.4%7.0%16.1%-0.0%-3.4%7.5%8.0%13.1%
Net income growth, YoY-18.0%-45.9%-33.8%75.8%7.4%-33.0%-19.9%111.6%-26.1%3.1%
EPS growth, YoY-14.7%-43.8%-33.1%78.1%-4.3%-35.2%-18.7%113.5%-24.6%7.8%
Gross margin18.7%18.8%18.1%18.7%18.4%18.8%20.7%21.2%21.6%21.3%
Operating margin3.7%3.9%8.2%8.0%7.7%6.1%12.8%11.3%10.9%10.7%
Net margin1.9%2.4%4.4%7.5%4.5%4.9%7.3%8.8%4.5%6.6%
Free cash flow margin8.2%5.0%4.0%4.4%5.9%7.3%5.2%5.5%6.3%5.9%
Return on equity5.1%6.1%10.7%13.1%7.7%7.8%-22.0%11.8%18.5%
Return on assets2.0%2.4%4.3%5.6%3.2%3.1%7.7%9.2%4.5%6.7%
Current ratio2.071.791.651.561.741.621.651.591.461.39
Debt to equity0.720.740.640.570.610.58-0.490.570.64

Source: XBRL data BorgWarner Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Feb 13, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BWA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BWA$14.24B+0.4%$478.00M3.4%$9.80B
TT$23.23B+10.3%$3.16B13.6%$87.94B
MGA$42.01B-1.9%$829.00M2.0%$16.00B
ALSN$5.24B+70.8%$583.00M11.1%$9.60B
ALV$11.07B+4.3%$624.00M5.6%$8.89B
APTV$16.71B+4.1%$769.00M4.6%$7.98B
LEA$23.79B+3.5%$584.40M2.5%$5.31B
MOD$3.63B+35.1%$130.20M3.6%$5.14B
GNTX$2.62B+7.7%$396.67M15.1%$4.19B

BWA FAQ

9 questions
  • What is BWA revenue?
    BorgWarner Inc. (BWA) reported $14.24B of revenue for the twelve months ended Sep 30, 2026. That is up 0.4% from the year before. Revenue for fiscal 2025 was $14.32B.
  • Is BWA profitable?
    Yes. BorgWarner Inc. earned $478.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.4%.
  • How much cash and debt does BWA have?
    BorgWarner Inc. reported $1.58B in cash and cash equivalents and $3.00B of debt on its most recent balance sheet in SEC filings.
  • How fast is BWA revenue growing?
    BorgWarner Inc.'s revenue changed +1.6% in fiscal 2025, to $14.32B. Its compound annual growth rate was +7.1% over 5 years and +6.0% over 10 years.
  • What is BWA gross margin?
    BorgWarner Inc.'s gross profit was $2.79B on $14.24B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 19.6%.
  • What is BWA free cash flow?
    BorgWarner Inc. generated $1.15B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.68B less capital expenditures.
  • What is BWA earnings per share?
    Diluted earnings per share were $2.38 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BWA last report financial results?
    The latest statements here come from BorgWarner Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this BWA financial data come from?
    Quantisnow builds these statements from the structured XBRL data BorgWarner Inc. files with the SEC. It is provided for information only and is not investment advice.