Friday 6 November 2026 Export BWA’s income statement to Excel — free account

BorgWarner Inc.

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%

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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 Segments Valuation Filings

BorgWarner Inc. (BWA) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021
Foundational products	11,746 82.05%	11,751 83.42%	12,161 85.65%	11,163 88.35%	11,061 93.71%
eProducts	2,570 17.95%	2,335 16.58%	2,037 14.35%	1,472 11.65%	742 6.29%
Revenue	14,316	14,086	14,198	12,635	11,803

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2015	FY2014	FY2013	FY2012	FY2011
Turbos & Thermal Technologies	5,769 40.30%	5,885 41.78%	6,007 42.31%	5,455 43.17%	—	—	—	—	—	—	—	—	—
Drivetrain & Morse Systems	5,635 39.36%	5,564 39.50%	5,543 39.04%	5,028 39.79%	—	—	—	—	—	—	—	—	—
PowerDrive Systems	2,322 16.22%	1,908 13.55%	2,102 14.80%	1,906 15.09%	1,383 11.72%	—	—	—	—	—	—	—	—
Battery Energy Systems	590 4.12%	729 5.18%	546 3.85%	335 2.65%	—	—	—	—	—	—	—	—	—
Air Management	—	—	—	—	6,761 57.28%	5,496 54.07%	6,153 60.51%	6,447 61.23%	5,467 68.13%	5,674 68.32%	4,990 67.10%	4,885 68.00%	5,030 70.70%
Drivetrain & Battery Systems	—	—	—	—	3,659 31.00%	—	—	—	—	—	—	—	—
e-Propulsion & Drivetrain	—	—	—	—	—	3,648 35.89%	4,015 39.49%	4,140 39.32%	2,557 31.87%	2,631 31.68%	2,447 32.90%	2,299 32.00%	2,085 29.30%
Fuel Systems	—	—	—	—	—	537 5.28%	—	—	—	—	—	—	—
After Market	—	—	—	—	—	484 4.76%	0 0.00%	—	—	—	—	—	—
Fuel Injection	—	—	—	—	—	—	0 0.00%	—	—	—	—	—	—
Eliminations	—	—	—	(89) (0.70%)	—	—	—	(57) (0.54%)	—	—	—	—	—
Operating segments [member]	—	—	—	—	—	—	—	—	8,023	8,305	7,437	7,183	7,115
Revenue	14,316	14,086	14,198	12,635	11,803	10,165	10,168	10,530	8,023	8,305	7,437	7,183	7,115

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2015	FY2014	FY2013	FY2012	FY2011
Drivetrain & Morse Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Turbos & Thermal Technologies	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Battery Energy Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
PowerDrive Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2017	FY2016
United States	2,280 23.27%	2,236 24.65%
Germany	1,653 16.87%	1,735 19.13%
China	1,560 15.92%	1,218 13.43%
Mexico	920 9.39%	806 8.88%
Other Europe	904 9.23%	1,194 13.16%
South Korea	877 8.95%	948 10.45%
Hungary	656 6.69%	541 5.97%
Poland	522 5.33%	—
Other	427 4.36%	393 4.33%
Europe	3,735	3,470
Revenue	9,799	9,071

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Organic net sales change	Q1 FY2026	−4.20%	0.10%	—

	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q1 FY2024	Q4 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.