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BorgWarner Inc.

BWA Consumer Cyclical Auto Parts

BorgWarner Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 1.63% from fiscal 2024.

Revenue
−2.90%
EPS
+58.5%
Free cash flow
−28.2%
Total debt
−51.2%

Quarter to September 2026, against a year earlier

47.72 2.68 −5.32%
Market cap
$9.5B
P/E
19.5×
Fwd P/E
10.7×
Dividend yield
1.42%
F-score
6/9
Altman Z
2.85
Beneish M
−2.90
Dividend safety
61/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Turbos & Thermal Technologies
  • Drivetrain & Morse Systems
  • PowerDrive Systems
  • Battery Energy Systems

Every year since 2011 →

Insider Decisions last twelve months

Bought, $m 0.50
Sold, $m 16.59
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — 6 3 — 8 1 — 7 — — —
Insider Ownership 0.97%

Capital & Financial Ratios $m

Size
Market Cap 9,540.00
Revenue ttm 14,240.00
Net income ttm 538.00
Free cash flow ttm 1,209.00
Net debt Q 318.00
Valuation
P/E 19.50
Forward P/E 10.70
Price / sales 0.67
Forward P/S Powerpack
Price / FCF 7.95
Price / book 1.64
Financial health
Current ratio Q 1.41
Debt / equity Q 0.32 (at or below 0.5: strong)
Interest coverage Q 50.33
Growth
Revenue growth Q −2.90% (below 0%: shrinking)
Operating income growth Q +21.77% (above 0%: growing)
EPS, this year +7.24%
EPS, next year A +11.87%
Revenue, next year A −1.38% (below 0%: weak)
EPS, past 5 yrs −11.37% (below 0%: weak)
EPS, next 5 yrs A +11.42%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.9×; over the ten years it ranged from 0.5× in 2020 to 1.3× in 2017.
P/E against its own 10 years 75.03%
10-year low 10-year high
P/S against its own 10 years 33.92%
10-year low 10-year high
P/B against its own 10 years 60.91%
10-year low 10-year high
EV/Sales against its own 10 years 14.67%
10-year low 10-year high
EV/FCF against its own 10 years 3.26%
10-year low 10-year high

Dividends

Yield
1.42%
Annual rate
0.68
Payout ratio
28.2%
Growth, 2017–25
+0.95%/yr
  1. 0.52 ’17
  2. 0.60 ’18 +15
  3. 0.60 ’19 +0
  4. 0.60 ’20 +0
  5. 0.60 ’21 +0
  6. 0.60 ’22 +0
  7. 0.52 ’23 −13
  8. 0.44 ’24 −15
  9. 0.56 ’25 +27
  10. 0.68 ’26e +21
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,534 2,094 2,313 1,583
Receivables 3,109 2,843 2,962 3,075
Inventory 1,313 1,251 1,207 1,299
Other — — — —
6,217 6,521 6,795 6,347
2023 2024 2025 Q'26
Payables 2,546 2,032 1,996 2,137
ST’ Debt — — — —
Other 1,148 1,216 1,281 1,255
3,767 3,646 3,282 4,498

Compound Annual Growth %

10y 5y 3y
Sales 5.96% 7.09% 4.25%
Cash Flow 6.62% 6.84% 11.78%
Earnings (7.08%) (11.14%) (33.55%)
Book Value 4.45% (3.54%) (9.24%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.24 Actual 1.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.16 1.35 Beat by 0.19
Q1 FY26 1.16 1.24 Beat by 0.08
Q2 FY26 1.26 1.42 Beat by 0.16
Q3 FY26 1.24 1.39 Beat by 0.15
Q4 FY26 1.28 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.16 1.34 1.14 — —
’25 0.72 1.03 0.73 (1.23) 1.28
’24 0.90 1.34 1.04 (1.85) 1.50
’23 0.93 0.87 0.21 0.66 2.67
’22 0.84 0.91 1.16 1.09 3.99
’21 0.27 1.03 0.40 0.54 2.24
’20 0.63 (0.47) 0.53 1.52 2.34
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,533 3,648 3,487 — —
’25 3,515 3,638 3,591 3,572 14,316
’24 3,595 3,603 3,449 3,439 14,086
’23 3,383 3,671 3,622 3,522 14,198
’22 3,874 3,759 3,226 1,776 12,635
’21 4,009 3,758 3,416 620 11,803
’20 2,279 1,426 2,534 3,926 10,165
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 152 586 320 — —
’25 82 579 368 619 1,648
’24 (118) 462 356 682 1,382
’23 59 285 166 887 1,397
’22 116 216 220 628 1,180
’21 342 280 142 446 1,210
’20 263 64 481 376 1,184
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 9 496 191 — —
’25 (26) 498 266 513 1,251
’24 (308) 299 202 540 733
’23 (179) 98 (4) 680 595
’22 (61) 79 123 437 578
’21 148 130 (4) 428 702
’20 142 14 372 211 739
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −5.3% a year for ten years. It grew 10.7% a year over the last ten.

Implied
−5.3%
10 years, reported
10.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 9,071 9,799 10,530 10,168 10,165 11,803 12,635 14,198 14,086 14,316 14,240 +5.2% 14,119 14,696 15,756 +3.2%
Gross margin, % 21.26 21.58 21.18 20.66 18.79 18.41 18.75 18.09 18.80 18.68 19.60 (2.6) pt
EBT 943 1,063 1,196 1,265 964 510 913 991 539 524 758 (6.3%)
EBT margin, % 10.39 10.85 11.36 12.44 9.48 4.32 7.23 6.98 3.83 3.66 5.32 (6.7) pt
Net income 637 483 985 797 567 445 718 702 428 335 538 (6.9%)
Per share, $
Per share, $ Revenue 42.31 46.57 50.58 49.43 47.72 49.57 53.65 60.99 63.02 66.83 70.71 +5.2%
Earnings 2.97 2.09 4.47 3.61 2.34 2.24 3.99 2.67 1.50 1.28 2.45 (8.9%)
Cash flow 4.83 5.61 5.41 4.90 5.56 5.08 5.01 6.00 6.18 7.69 8.33 +5.3%
Capex (2.34) (2.66) (2.62) (2.29) (2.09) (2.13) (2.56) (3.44) (2.90) (1.85) (2.32) (2.5%)
Free cash flow 2.50 2.95 2.79 2.61 3.47 2.95 2.45 2.56 3.28 5.84 6.00 +9.9%
Book value 15.40 18.18 20.87 23.55 31.57 30.50 31.88 26.06 25.53 26.21 29.13 +6.1%
Shares, m 214 210 208 206 213 238 236 233 224 214 206 0.0%
Valuation, ×
Valuation, × P/E 12.62 22.23 6.92 10.71 15.54 17.88 8.95 13.46 21.92 36.05 19.50 16.6
P/S 0.84 0.99 0.61 0.78 0.72 0.81 0.67 0.59 0.50 0.67 0.67 0.7
P/B 2.31 2.53 1.48 1.64 1.09 1.31 1.12 1.38 1.25 1.72 1.64 1.6
EV/Sales 1.02 1.15 0.72 0.86 0.93 1.01 0.91 0.74 0.62 0.78 0.70 0.9
EV/FCF 17.26 18.13 13.16 16.37 12.72 17.03 19.87 17.71 11.97 8.98 8.21 15.3
Cash, $m
Cash, $m Operating cash flow 1,036 1,180 1,126 1,008 1,184 1,210 1,180 1,397 1,382 1,648 1,677 +5.3%
Capex (501) (560) (546) (472) (445) (508) (602) (802) (649) (397) (468) (2.5%)
Free cash flow 535 620 580 536 739 702 578 595 733 1,251 1,209 +9.9%
Balance, $m
Balance, $m Working capital 820 1,118 1,406 1,507 2,357 2,799 2,381 2,450 2,875 3,513 1,849 +17.5%
Net debt 1,600 1,558 1,202 842 2,088 2,417 3,057 2,173 1,669 1,581 318 (0.1%)
Shareholders’ equity 3,302 3,826 4,345 4,844 6,724 7,262 7,508 6,066 5,706 5,614 5,866 +6.1%
Returns, %
Returns, % ROA 6.74 4.73 9.36 7.54 3.89 3.29 5.62 3.97 2.38 2.00 3.45 (4.7) pt
ROIC 12.41 12.44 13.41 14.32 4.38 5.90 5.97 8.80 4.63 4.66 7.78 (7.7) pt
ROE 17.16 12.35 22.79 16.24 8.64 7.68 12.78 9.21 5.74 4.89 7.96 (12.3) pt
People
People Employees 27,000 29,000 30,000 29,000 49,700 49,300 52,700 39,900 38,300 37,500 — +3.7%
Revenue/emp, $m 0.34 0.34 0.35 0.35 0.20 0.24 0.24 0.36 0.37 0.38 — +1.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

BorgWarner makes components and systems used to move vehicles and manage their engines, temperatures and electricity. Its products serve combustion-engine, hybrid and electric vehicles. Customers include vehicle manufacturers, suppliers of vehicle systems and distributors selling replacement parts.

The company’s products include turbochargers, which increase the power available from an engine, and transmission and drivetrain components that help transfer power to a vehicle’s wheels. It also makes inverters, electric motors, electronic controllers and battery systems. Its thermal products help manage temperatures in propulsion systems and vehicle cabins.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Turbos & Thermal Technologies 5,769 40.30%
Drivetrain & Morse Systems 5,635 39.36%
PowerDrive Systems 2,322 16.22%
Battery Energy Systems 590 4.12%
Gross margin 18.68%
Operating margin 3.74%
Pre-tax margin 3.66%

Revenue by segment since 2011

BorgWarner Inc. vs peers in Auto Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GPC Genuine Parts Company $17.2B 478× 20.3× +4.17% (above 0%: growing) 0.00% +4.99% (above 0%: growing) 38.09% 5.04% Compare
ALSN Allison Transmission Holdings, Inc. $9.6B 16.6× 13.1× +121.36% (above 0%: growing) +41.10% (above 0%: growing) +86.41% (above 0%: growing) 32.92% 19.82% Compare
BWA BorgWarner Inc. $9.5B 19.5× 10.7× −2.90% (below 0%: shrinking) +58.48% (above 0%: growing) −28.20% (below 0%: shrinking) 18.98% 8.66%
ALV Autoliv, Inc. $8.9B 14.8× 12.7× −0.48% (below 0%: shrinking) −6.99% (below 0%: shrinking) −18.30% (below 0%: shrinking) 18.42% 9.43% Compare
APTV Aptiv PLC $8.3B 11.3× 10.6× +2.30% (above 0%: growing) n/m −56.43% (below 0%: shrinking) 21.57% 8.78% Compare
AUR Aurora Innovation, Inc. $8.1B — (loss-making) — (loss-making) +200.00% (above 0%: growing) n/m −31.21% (below 0%: shrinking) (166.67%) (8,566.67%) Compare
LEA Lear Corporation $5.5B 10.0× 9.1× +1.64% (above 0%: growing) +35.64% (above 0%: growing) −48.40% (below 0%: shrinking) 6.62% 3.41% Compare
LKQ LKQ Corporation $5.2B 20.7× 10.6× −5.14% (below 0%: shrinking) n/m −3.88% (below 0%: shrinking) 37.24% 1.60% Compare
MOD Modine Manufacturing Company $4.9B 38.4× 22.6× +34.58% (above 0%: growing) −32.53% (below 0%: shrinking) −222.95% (below 0%: shrinking) 20.66% 9.84% Compare
Median of peers $8.2B 16.6× 12.7× +3.24% 0.00% −24.75% 21.12% 6.91%

All 55 Auto Parts stocks →

From the latest earnings call

Updated

  • CEO Joe Fadool said light-vehicle eProduct sales grew 33% in the third quarter, primarily because of growth in Europe.
  • Fadool said BorgWarner expects turbine-generator production trials by year-end and has begun quoting a microgrid inverter to a major customer.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 105.38%
Held by the ten largest 47.59%
Holder Shares Stake Change
BlackRock 25.27m 12.41% −1.75m
Vanguard 23.62m 11.60% −890.44k
Dimensional Fund Advisors 11.80m 5.79% −129.70k
State Street 6.83m 3.36% −140.75k
LSV ASSET MANAGEMENT 6.58m 3.23% +124.60k
AQR Capital Management 5.63m 2.76% −1.49m
Victory Capital 4.88m 2.40% +228.15k
Geode Capital Management 4.76m 2.34% −49.38k
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 3.78m 1.86% +900.65k
Bank of America 3.77m 1.85% +305.00
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

BorgWarner Inc. (BWA) Latest News

3 Nov

Impact 3 · · Zacks

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · MarketBeat

29 Oct

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Impact 4 · · The Motley Fool transcript
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Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
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Impact 3 · · Associated Press

28 Oct

Impact 4 · · Business Wire

22 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Trefis

15 Oct

Impact 4 · · MT Newswires

8 Oct

Impact 4 · · Simply Wall St.

7 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

6 Oct

Impact 4 · · MT Newswires
Impact 4 · · Investing.com

5 Oct

Impact 3 · · Zacks

3 Sep

Impact 3 ·

25 Aug

Impact 4 · · just-auto.com

12 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 4 ·

7 Aug

Impact 4 · · just-auto.com

BWA metrics, ten years each

stockrow.com/BWA · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com