NYSE · Financial Statements

BorgWarner Inc. (BWA) Financial Statements

$54.96 NYSE: BWA Market Cap $11.19B

BorgWarner Inc. most recently reported annual revenue of $14.3B, net profit of $277.0M. Revenue grew at an average annual rate of 7.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

BorgWarner Inc.: Revenue rose from $9.1B in 2016 to $14.3B in 2025, a change of +57.8% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 12.3% to 3.7%, a shift of -8.6 percentage points; the most recent year shows net profit of $277.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$9.1B$9.8B$10.5B$10.2B$10.2B$14.8B$12.6B$14.2B$14.1B$14.3B
Operating Expenses$8.0B$8.6B$9.2B$8.9B$9.2B$13.5B$11.6B$13.0B$12.8B$13.8B
Operating Profit$1.1B$1.2B$1.3B$1.2B$957.0M$1.4B$1.1B$1.2B$1.3B$536.0M
Operating Margin12.3%12.4%12.2%12.1%9.4%9.3%8.4%8.7%8.9%3.7%
Other Income$-925.0M$-149.0M$-92.0M$33.0M$7.0M$-597.0M$-143.0M$-242.0M$-720.0M$-12.0M
Interest$85.0M$71.0M$59.0M$55.0M$73.0M$82.0M$71.0M$73.0M$84.0M$99.0M
Depreciation$391.0M$408.0M$431.0M$439.0M$530.0M$772.0M$552.0M$582.0M$673.0M$719.0M
Profit Before Tax$191.0M$1.1B$1.2B$1.3B$964.0M$789.0M$913.0M$991.0M$539.0M$524.0M
Tax$15.9M$54.6M$17.7M$37.0M$41.2M$19.0M$21.4M$29.2M$20.6M$36.1M
Net Profit$119.0M$440.0M$931.0M$746.0M$500.0M$537.0M$944.0M$625.0M$338.0M$277.0M
EPS$2.76$2.08$4.44$3.61$2.34$2.24$3.99$2.67$1.50$1.28
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$3.6B$3.5B$3.6B$3.6B$3.4B$3.4B$3.5B$3.6B$3.6B$3.6B$3.5B$3.6B
Operating Expenses$3.3B$3.2B$3.3B$3.3B$3.2B$3.1B$3.3B$3.3B$3.3B$3.8B$3.2B$3.3B
Operating Profit$306.0M$295.0M$305.0M$344.0M$290.0M$332.0M$237.0M$289.0M$248.0M$-238.0M$349.0M$370.0M
Operating Margin8.4%8.4%8.5%9.6%8.4%9.7%6.7%7.9%6.9%-6.7%9.9%10.1%
Interest$27.0M$22.0M$15.0M$17.0M$30.0M$34.0M$28.0M$12.0M$25.0M$34.0M$11.0M$10.0M
Profit Before Tax$238.0M$229.0M$290.0M$298.0M$270.0M$-319.0M$232.0M$284.0M$248.0M$-240.0M$328.0M$372.0M
Tax$55.9M$25.8M$21.4M$-10.4M$4.8M$-21.0M$26.3M$18.3M$30.2M$-420,000$22.3M$21.8M
Net Profit$50.0M$154.0M$206.0M$303.0M$234.0M$-405.0M$157.0M$224.0M$158.0M$-262.0M$242.0M$277.0M
EPS$0.21$0.66$0.90$1.33$1.04$-1.85$0.72$1.03$0.73$-1.20$1.16$1.34

Over the 10 years reported for BorgWarner Inc., borrowings increased from $2.2B in 2016 to $4.1B in 2025, cash stood at $2.3B in the latest year, shareholders' equity was $3.0M, current assets covered current liabilities 2.07 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$8.8B$9.8B$10.1B$9.7B$16.0B$16.6B$17.0B$14.5B$14.0B$13.8B
Current Assets$2.9B$3.5B$3.8B$3.8B$6.2B$6.6B$6.6B$6.2B$6.5B$6.8B
Cash$444.0M$545.0M$739.0M$832.0M$1.6B$1.8B$1.1B$1.5B$2.1B$2.3B
Inventory$641.0M$766.0M$781.0M$807.0M$1.3B$1.5B$1.2B$1.3B$1.3B$1.2B
Receivables$1.7B$2.0B$1.7B$1.9B$2.9B$2.9B$2.5B$3.1B$2.9B$3.0B
Fixed Assets$2.5B$2.9B$2.9B$3.0B$4.8B$4.6B$3.5B$3.9B$3.8B$3.5B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$219.0M$240.0M$252.0M$316.0M$769.0M$428.0M$763.0M$308.0M$315.0M$384.0M
Other Assets$1.7B$1.9B$1.9B$1.8B$2.6B$3.3B$3.0B$3.0B$2.4B$2.1B
Total Liabilities$5.5B$6.0B$5.8B$4.9B$9.3B$9.3B$9.5B$8.4B$8.3B$8.2B
Current Liabilities$2.1B$2.4B$2.4B$2.3B$3.8B$3.8B$4.2B$3.8B$3.6B$3.3B
Borrowings$2.2B$2.2B$2.1B$2.0B$4.0B$4.5B$4.3B$3.9B$4.3B$4.1B
Other Liabilities$3.3B$3.8B$3.6B$2.8B$5.3B$4.8B$5.2B$4.5B$3.9B$4.1B
Equity$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Reserves$3.2B$3.7B$4.2B$4.7B$6.4B$6.9B$7.2B$5.8B$5.5B$5.4B

For BorgWarner Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.2B; free cash flow was positive in 10 of 10 years; financing activities used $561.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.0B$1.2B$1.1B$1.0B$1.2B$1.3B$1.6B$1.3B$1.4B$1.6B
Investing Cash Flow$-905.0M$-1.3B$-1.1B$-970.0M$-1.3B$-1.9B$-2.0B$-1.5B$-1.3B$-808.0M
Financing Cash Flow$-302.0M$-132.0M$-200.0M$-139.0M$-272.0M$-91.0M$-380.0M$144.0M$-529.0M$-561.0M
Net Cash Flow$-134.0M$101.0M$194.0M$93.0M$818.0M$194.0M$-506.0M$451.0M$560.0M$219.0M
Free Cash Flow$535.0M$620.0M$580.0M$527.0M$723.0M$791.0M$948.0M$477.0M$681.0M$1.2B

Valuation & Return Ratios

MetricValue
PEG Ratio0.27
EV / EBITDA11.28
FCF Yield9.87%
Quick Ratio1.76
Interest Coverage9.11
Return 1Y48.98%
Return 3Y60.35%
Return 5Y68.57%

BorgWarner Inc. (BWA) financials — frequently asked questions

What is BorgWarner Inc.'s annual revenue?

BorgWarner Inc. (BWA) reported annual revenue of $14.3B in its most recent fiscal year.

What is BorgWarner Inc.'s net profit?

BorgWarner Inc. (BWA) reported net profit of $277.0M in its most recent fiscal year.

What is BWA EV/EBITDA?

BorgWarner Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 11.28.

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