BorgWarner (BWA)

NYSE Consumer Discretionary Automotive Parts & Equipment S&P MidCap 400 US auto sales report →

$48.81

+1.28 (+2.69%)

Close of Nov 06, 2026 · end-of-day data

Source: BorgWarner's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.07B	$9.80B	$10.53B	$10.17B	$10.16B	$11.80B	$12.63B	$14.20B	$14.09B	$14.32B
Cost of revenue	$7.14B	$7.68B	$8.30B	$8.07B	$8.26B	$9.63B	$10.27B	$11.63B	$11.44B	$11.64B
Gross profit	$1.93B	$2.12B	$2.23B	$2.10B	$1.91B	$2.17B	$2.37B	$2.57B	$2.65B	$2.67B
Research & development	$343.20M	$408.00M	$440.00M	$413.00M	$476.00M	$586.00M	$701.00M	$717.00M	$736.00M	$710.00M
Selling, general & admin	$818.00M	$899.00M	$946.00M	$873.00M	$951.00M	$1.08B	$1.29B	$1.32B	$1.35B	$1.30B
Operating income	$973.20M	$1.07B	$1.19B	$1.30B	$618.00M	$914.00M	$1.01B	$1.16B	$546.00M	$536.00M
Interest expense	—	—	—	$55.00M	$73.00M	$82.00M	$71.00M	$73.00M	$84.00M	$99.00M
Pre-tax income	$942.70M	$1.06B	$1.20B	$1.26B	$964.00M	$510.00M	$913.00M	$991.00M	$539.00M	$524.00M
Income tax	$306.00M	$580.00M	$211.00M	$468.00M	$397.00M	$65.00M	$195.00M	$289.00M	$111.00M	$189.00M
Net income	$595.00M	$440.00M	$931.00M	$746.00M	$500.00M	$537.00M	$944.00M	$625.00M	$338.00M	$277.00M
EBITDA	$1.36B	$1.48B	$1.62B	$1.74B	$1.19B	$1.49B	$1.56B	$1.74B	$1.22B	$1.25B
EPS (basic)	$2.78	$2.09	$4.47	$3.63	$2.35	$2.25	$4.01	$2.68	$1.51	$1.29
EPS (diluted)	$2.76	$2.08	$4.44	$3.61	$2.34	$2.24	$3.99	$2.67	$1.50	$1.28
Diluted shares	215.33M	211.50M	209.50M	206.80M	214.00M	239.50M	236.80M	234.40M	224.80M	216.40M
Gross margin	21.3%	21.6%	21.2%	20.7%	18.8%	18.4%	18.7%	18.1%	18.8%	18.7%
Operating margin	10.7%	10.9%	11.3%	12.8%	6.1%	7.7%	8.0%	8.2%	3.9%	3.7%
Net margin	6.6%	4.5%	8.8%	7.3%	4.9%	4.5%	7.5%	4.4%	2.4%	1.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$443.70M	$545.30M	$739.00M	$832.00M	$1.65B	$1.84B	$1.34B	$1.53B	$2.09B	$2.31B
Receivables	$1.69B	$2.02B	$1.99B	$1.92B	$2.92B	$2.90B	$2.47B	$3.11B	$2.84B	$2.96B
Inventory	$641.20M	$766.30M	$781.00M	$807.00M	$1.29B	$1.53B	$1.22B	$1.31B	$1.25B	$1.21B
Total current assets	$2.91B	$3.54B	$3.81B	$3.84B	$6.17B	$6.60B	$6.62B	$6.22B	$6.52B	$6.79B
Goodwill	$1.70B	$1.88B	$1.85B	$1.84B	$2.63B	$2.85B	$2.98B	$3.01B	$2.36B	$2.06B
Total assets	$8.83B	$9.79B	$10.10B	$9.70B	$16.03B	$16.57B	$16.99B	$14.45B	$13.99B	$13.77B
Total current liabilities	$2.09B	$2.43B	$2.40B	$2.33B	$3.81B	$3.80B	$4.24B	$3.77B	$3.65B	$3.28B
Short-term debt	$19.40M	$15.80M	$140.00M	$252.00M	$4.00M	$4.00M	$2.00M	$3.00M	$337.00M	$2.00M
Long-term debt	$2.04B	$2.10B	$1.94B	$1.67B	$3.74B	$4.26B	$4.14B	$3.71B	$3.76B	$3.89B
Total debt	$2.06B	$2.12B	$2.08B	$1.93B	$3.74B	$4.26B	$4.14B	$3.71B	$4.10B	$3.90B
Total liabilities	$5.62B	$6.07B	$5.87B	$5.00B	$9.30B	$9.31B	$9.49B	$8.39B	$8.29B	$8.15B
Shareholders' equity	$3.22B	$3.72B	$4.23B	$4.71B	$6.43B	$6.95B	$7.22B	$5.83B	$5.53B	$5.44B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.04B	$1.18B	$1.13B	$1.01B	$1.18B	$1.31B	$1.57B	$1.40B	$1.38B	$1.65B
Capital expenditures	$500.60M	$560.00M	$546.00M	$481.00M	$441.00M	$514.00M	$622.00M	$832.00M	$671.00M	$469.00M
Free cash flow	$535.10M	$620.00M	$580.00M	$527.00M	$743.00M	$792.00M	$947.00M	$565.00M	$711.00M	$1.18B
Investing cash flow	-$404.20M	-$752.00M	-$514.00M	-$489.00M	-$866.00M	-$1.40B	-$1.42B	-$593.00M	-$603.00M	-$368.00M
Financing cash flow	-$733.80M	-$363.00M	-$383.00M	-$420.00M	$437.00M	$286.00M	-$567.00M	-$521.00M	-$167.00M	-$1.12B
Dividends paid	$113.40M	$124.00M	$142.00M	$140.00M	$146.00M	$162.00M	$161.00M	$130.00M	$98.00M	$119.00M
Share buybacks	$288.00M	$100.00M	$150.00M	$100.00M	$216.00M	$0	$240.00M	$177.00M	$402.00M	$508.00M
Stock-based compensation	$43.60M	$52.00M	$53.00M	$42.00M	$41.00M	$50.00M	$64.00M	$58.00M	$62.00M	$66.00M
Depreciation & amortization	$391.40M	$408.00M	$431.00M	$439.00M	$568.00M	$574.00M	$552.00M	$582.00M	$673.00M	$719.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$3.52B	$3.60B	$3.60B	$3.45B	$3.44B	$3.52B	$3.64B	$3.59B	$3.57B	$3.53B	$3.65B	$3.49B
Cost of revenue	$2.86B	$2.95B	$2.92B	$2.81B	$2.76B	$2.88B	$3.00B	$2.93B	$2.84B	$2.86B	$2.93B	$2.83B
Gross profit	$659.00M	$644.00M	$685.00M	$636.00M	$683.00M	$639.00M	$640.00M	$664.00M	$731.00M	$677.00M	$721.00M	$662.00M
Research & development	$176.00M	$187.00M	$189.00M	$190.00M	$170.00M	$182.00M	$182.00M	$189.00M	$157.00M	$177.00M	$176.00M	$172.00M
Selling, general & admin	$353.00M	$329.00M	$341.00M	$340.00M	$340.00M	$315.00M	$317.00M	$341.00M	$331.00M	$328.00M	$331.00M	$310.00M
Operating income	$281.00M	$295.00M	$297.00M	$270.00M	-$316.00M	$237.00M	$289.00M	$248.00M	-$238.00M	$336.00M	$370.00M	$302.00M
Interest expense	$16.00M	$15.00M	$17.00M	$24.00M	$28.00M	$28.00M	$24.00M	$25.00M	$22.00M	$25.00M	$25.00M	$17.00M
Pre-tax income	$229.00M	$290.00M	$298.00M	$270.00M	$29.00M	$232.00M	$284.00M	$248.00M	-$240.00M	$328.00M	$372.00M	$298.00M
Income tax	$59.00M	$62.00M	-$31.00M	$13.00M	$67.00M	$61.00M	$52.00M	$75.00M	$1.00M	$73.00M	$81.00M	$65.00M
Net income	$154.00M	$206.00M	$303.00M	$234.00M	-$405.00M	$157.00M	$224.00M	$158.00M	-$262.00M	$242.00M	$277.00M	$221.00M
EBITDA	$420.00M	$445.00M	$457.00M	$455.00M	-$138.00M	$392.00M	$468.00M	$467.00M	-$72.00M	$481.00M	$519.00M	$455.00M
EPS (basic)	$0.66	$0.91	$1.34	$1.04	$-1.78	$0.72	$1.04	$0.74	$-1.21	$1.18	$1.36	$1.10
EPS (diluted)	$0.66	$0.90	$1.34	$1.04	$-1.78	$0.72	$1.03	$0.73	$-1.20	$1.16	$1.34	$1.08
Diluted shares	-200.00K	228.30M	227.20M	224.50M	-2.00M	218.10M	218.20M	216.50M	-1.20M	208.30M	206.30M	204.60M
Gross margin	18.7%	17.9%	19.0%	18.4%	19.9%	18.2%	17.6%	18.5%	20.5%	19.2%	19.8%	19.0%
Operating margin	8.0%	8.2%	8.2%	7.8%	-9.2%	6.7%	7.9%	6.9%	-6.7%	9.5%	10.1%	8.7%
Net margin	4.4%	5.7%	8.4%	6.8%	-11.8%	4.5%	6.2%	4.4%	-7.3%	6.8%	7.6%	6.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.53B	$1.04B	$1.29B	$2.00B	$2.09B	—	—	—	$2.31B	—	—	$1.58B
Receivables	$3.11B	$3.29B	$3.11B	$3.21B	$2.84B	$3.14B	$3.20B	$3.26B	$2.96B	$3.09B	$3.06B	$3.08B
Inventory	$1.31B	$1.33B	$1.32B	$1.37B	$1.25B	$1.21B	$1.22B	$1.23B	$1.21B	$1.20B	$1.23B	$1.30B
Total current assets	$6.22B	$5.96B	$6.00B	$6.86B	$6.52B	$6.38B	$6.78B	$6.98B	$6.79B	$6.74B	$7.09B	$6.35B
Goodwill	$3.01B	$2.98B	$2.96B	$3.03B	$2.36B	$2.38B	$2.47B	$2.46B	$2.06B	$2.04B	$2.04B	$2.04B
Total assets	$14.45B	$14.12B	$14.11B	$15.14B	$13.99B	$13.83B	$14.40B	$14.50B	$13.77B	$13.65B	$13.93B	$13.22B
Total current liabilities	$3.77B	$3.87B	$3.71B	$3.72B	$3.65B	$3.23B	$3.35B	$3.40B	$3.28B	$3.17B	$3.33B	$4.50B
Short-term debt	$3.00M	$387.00M	$388.00M	$338.00M	$337.00M	$3.00M	$3.00M	$3.00M	$2.00M	$2.00M	$2.00M	$1.10B
Long-term debt	$3.71B	$3.29B	$3.28B	$4.20B	$3.76B	$3.80B	$3.90B	$3.89B	$3.89B	$3.88B	$3.86B	$1.90B
Total debt	$3.71B	$3.68B	$3.67B	$4.53B	$4.10B	$3.81B	$3.90B	$3.90B	$3.90B	$3.88B	$3.87B	$3.00B
Total liabilities	$8.39B	$8.08B	$7.82B	$8.79B	$8.29B	$7.94B	$8.33B	$8.35B	$8.15B	$8.01B	$8.14B	$7.35B
Shareholders' equity	$5.83B	$5.84B	$6.09B	$6.16B	$5.53B	$5.72B	$5.92B	$5.99B	$5.44B	$5.48B	$5.62B	$5.67B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$887.00M	-$118.00M	$462.00M	$356.00M	$682.00M	$82.00M	$579.00M	$368.00M	$619.00M	$152.00M	$586.00M	$320.00M
Capital expenditures	$208.00M	$190.00M	$165.00M	$155.00M	$161.00M	$119.00M	$77.00M	$111.00M	$162.00M	$143.00M	$96.00M	$125.00M
Free cash flow	$679.00M	-$308.00M	$297.00M	$201.00M	$521.00M	-$37.00M	$502.00M	$257.00M	$457.00M	$9.00M	$490.00M	$195.00M
Investing cash flow	-$55.00M	-$175.00M	-$138.00M	-$147.00M	-$143.00M	-$94.00M	-$64.00M	-$88.00M	—	-$130.00M	-$95.00M	-$115.00M
Financing cash flow	-$243.00M	-$183.00M	-$59.00M	$492.00M	-$417.00M	-$397.00M	-$209.00M	-$147.00M	—	-$218.00M	-$150.00M	-$1.08B
Dividends paid	$25.00M	$25.00M	$25.00M	$24.00M	$24.00M	$24.00M	$24.00M	$36.00M	$35.00M	$35.00M	$34.00M	$35.00M
Share buybacks	$177.00M	$100.00M	$0	$301.00M	$1.00M	$0	$108.00M	$102.00M	$298.00M	$150.00M	$100.00M	$175.00M
Stock-based compensation	$8.00M	$18.00M	$11.00M	$17.00M	$16.00M	$14.00M	$19.00M	$19.00M	$14.00M	$10.00M	—	—
Depreciation & amortization	$139.00M	$150.00M	$160.00M	$185.00M	$178.00M	$155.00M	$179.00M	$219.00M	$166.00M	$145.00M	$149.00M	$153.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.