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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. In the quarter to June 2026, revenue was flat, EPS grew 32.0%, free cash flow was flat and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

57.94 0.73 −1.24%
Market cap
$12.0B
P/E
28.7×
Fwd P/E
14.4×
Dividend yield
1.17%
F-score
6/9
Altman Z
2.85
Beneish M
−2.90
Dividend safety
61/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.50
Total sells 17.65
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — 1 — —
Sell 2 — — 6 3 — 8 1 — 7 — —
Insider Ownership 0.35%

Capital & Financial Ratios $m

Market Cap 11,950.00
Revenue 14,344.00
Net Income 478.00
Free Cash Flow 1,284.00
Net Debt 1,415.00
Current Ratio 2.13 (at or above 1.5: strong)
Debt/Equity 0.67
P/E ratio 28.68
Fwd P/E 14.40
P/S ratio 0.82
P/B ratio 2.03
Past 5Y EPS Growth (11.37%) (below 0%: weak)
This Y EPS Growth 6.12%
Next Y EPS Growth 13.48%
Next Y revenue growth (0.84%) (below 0%: weak)
Next 5Y EPS Growth 11.26%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, 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 87.95%
10-year low 10-year high
P/S against its own 10 years 73.50%
10-year low 10-year high
P/B against its own 10 years 79.51%
10-year low 10-year high
EV/Sales against its own 10 years 53.93%
10-year low 10-year high
EV/FCF against its own 10 years 15.22%
10-year low 10-year high

Dividends

Payout Ratio 0.34
Annual Dividend Rate 0.68
Annual Dividend Yield 1.17%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.66
0.17
0.17
0.17
2025 0.56
0.11
0.11
0.17
0.17
2024 0.44
0.11
0.11
0.11
0.11
2023 0.52
0.15
0.15
0.11
0.11
2022 0.60
0.15
0.15
0.15
0.15
2021 0.60
0.15
0.15
0.15
0.15
2020 0.60
0.15
0.15
0.15
0.15
2019 0.60
0.15
0.15
0.15
0.15
2018 0.60
0.15
0.15
0.15
0.15
2017 0.52
0.12
0.12
0.12
0.15
2016 0.47
0.11
0.11
0.11
0.12
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,534 2,094 2,313 2,448
Receivables 3,109 2,843 2,962 3,056
Inventory 1,313 1,251 1,207 1,232
Other — — — —
6,217 6,521 6,795 7,088
2023 2024 2025 Q'26
Payables 2,546 2,032 1,996 2,138
ST’ Debt — — — —
Other 1,148 1,216 1,281 1,190
3,767 3,646 3,282 3,333

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 3,533 3,648 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 1.16 1.34 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 24.23 33.05 28.57 27.03 14.96 33.24 27.41 31.63 29.51 24.40

Analyst estimates 2026–2028

Powerpack
High 38.05 49.17 51.25 41.02 38.78 48.90 44.09 47.05 38.23 46.39
People
People Employees 27,000 29,000 30,000 29,000 49,700 49,300 52,700 39,900 38,300 37,500
Revenue/emp, $m 0.34 0.34 0.35 0.35 0.20 0.24 0.24 0.36 0.37 0.38
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
Gross margin, % 21.26 21.58 21.18 20.66 18.79 18.41 18.75 18.09 18.80 18.68
EBT 943 1,063 1,196 1,265 964 510 913 991 539 524
EBT margin, % 10.39 10.85 11.36 12.44 9.48 4.32 7.23 6.98 3.83 3.66
Net income 637 483 985 797 567 445 718 702 428 335
Depreciation 391 408 431 439 568 574 552 582 673 719
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
Earnings 2.97 2.09 4.47 3.61 2.34 2.24 3.99 2.67 1.50 1.28
Cash flow 4.83 5.61 5.41 4.90 5.56 5.08 5.01 6.00 6.18 7.69
Capex (2.34) (2.66) (2.62) (2.29) (2.09) (2.13) (2.56) (3.44) (2.90) (1.85)
Free cash flow 2.50 2.95 2.79 2.61 3.47 2.95 2.45 2.56 3.28 5.84
Book value 15.40 18.18 20.87 23.55 31.57 30.50 31.88 26.06 25.53 26.21
Shares, m 214 210 208 206 213 238 236 233 224 214
Valuation, ×
Valuation, × P/E 12.49 22.02 6.86 10.61 15.39 17.71 8.86 13.46 21.92 36.05
P/S 0.83 0.98 0.60 0.77 0.71 0.80 0.66 0.59 0.50 0.67
P/B 2.29 2.51 1.47 1.62 1.08 1.30 1.11 1.38 1.25 1.72
EV/Sales 1.01 1.14 0.72 0.86 0.92 1.01 0.90 0.74 0.62 0.78
EV/FCF 17.12 17.98 13.05 16.23 12.63 16.90 19.73 17.71 11.97 8.98
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
Capex (501) (560) (546) (472) (445) (508) (602) (802) (649) (397)
Free cash flow 535 620 580 536 739 702 578 595 733 1,251
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
Total debt 2,044 2,104 1,941 1,674 3,738 4,261 4,140 3,707 3,763 3,894
Net debt 1,600 1,558 1,202 842 2,088 2,417 3,057 2,173 1,669 1,581
Shareholders’ equity 3,302 3,826 4,345 4,844 6,724 7,262 7,508 6,066 5,706 5,614
Returns, %
Returns, % ROA 6.74 4.73 9.36 7.54 3.89 3.29 5.62 3.97 2.38 2.00
ROIC 12.41 12.44 13.41 14.32 4.38 5.90 5.97 8.80 4.63 4.66
ROE 17.16 12.35 22.79 16.24 8.64 7.68 12.78 9.21 5.74 4.89
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $18.4B 514× 13.9× +6.04% (above 0%: growing) −9.84% (below 0%: shrinking) +249.48% (above 0%: growing) 37.80% 5.15% Compare
BWA BorgWarner Inc. $12.0B 28.7× 14.4× +0.27% (above 0%: growing) +32.04% (above 0%: growing) −0.40% (below 0%: shrinking) 19.76% 10.14%
AUR Aurora Innovation, Inc. $10.8B — (loss-making) — (loss-making) +100.00% (above 0%: growing) n/m −69.54% (below 0%: shrinking) (250.00%) (13,300.00%) Compare
APTV Aptiv PLC $9.4B 42.3× 16.4× +2.34% (above 0%: growing) −35.00% (below 0%: shrinking) −91.57% (below 0%: shrinking) 23.67% 11.21% Compare
ALSN Allison Transmission Holdings, Inc. $9.3B 17.6× 13.1× +92.38% (above 0%: growing) −6.03% (below 0%: shrinking) +83.66% (above 0%: growing) 32.89% 18.58% Compare
ALV Autoliv, Inc. $8.5B 13.6× 12.4× +3.28% (above 0%: growing) −37.50% (below 0%: shrinking) +107.32% (above 0%: growing) 18.16% 6.89% Compare
MOD Modine Manufacturing Company $8.2B 56.0× 37.5× +28.02% (above 0%: growing) +44.21% (above 0%: growing) −2,600.00% (below 0%: shrinking) 20.82% 8.56% Compare
MBLY Mobileye Global Inc. $6.3B — (loss-making) — (loss-making) +0.40% (above 0%: growing) n/m −42.71% (below 0%: shrinking) 46.26% (5.91%) Compare
LEA Lear Corporation $6.0B 11.2× 10.7× +2.97% (above 0%: growing) +23.86% (above 0%: growing) +68.50% (above 0%: growing) 7.57% 4.31% Compare
Median of peers $8.9B 30.0× 13.5× +4.66% −7.93% +12.90% 22.24% 6.02%

All 53 Auto Parts stocks →

BorgWarner Inc. (BWA) key facts

  • Strength: BorgWarner Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 1.63% from fiscal 2024.
  • BorgWarner Inc. (BWA) is an Auto Parts company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, BWA traded at $57.94, a market capitalization of $12.0 billion.
  • BorgWarner Inc. pays an annual dividend of $0.68 per share, a yield of 1.17%, with a payout ratio of 34.0%.
  • Return on equity was 4.89% and debt-to-equity 0.67.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.85 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

BorgWarner Inc. (BWA) Latest News

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stockrow.com/BWA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com