Borgwarner IncBorgwarner Inc
Borgwarner Inc

Borgwarner Inc

BWA
Consumer Discretionary·Automobile Components

BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Turbos and Thermal Technologies, Drivetrain and Morse Systems, PowerDrive Systems, and Battery and Charging Systems. The Turbos and Thermal Technologies segment offers turbochargers, eBoosters, eTurbos, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery heaters, and battery cooling systems. The Drivetrain and Morse Systems manage hydraulic controls, friction and mechanical clutch products for automatic transmissions and torque-management products, and electric torque vectoring and axle disconnect systems. The PowerDrive Systems segment includes power electronics such as inverters, onboard chargers, DC/DC converters and combination boxes, rotating electric machines, fully integrated drive modules, and electronic controls. The Battery and Charging Systems consist of high-performance lithium-ion battery systems for electrified bus-, truck- and off-highway applications. The company was founded in 1928 and is headquartered in Auburn Hills, MI.

Michigan; U.S.A
Market cap
No dataNo data
Revenue
$14.3B+1.6% YoY
Net income
$277M−18.0% YoY
Free cash flow
$1.2B+32.3% YoY

Market

Listed stock
BWAPriceNYSE
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Financial performance

Revenue
$14.3B+1.6% YoY
Operating income
$536M−1.8% YoY
Net income
$277M−18.0% YoY
Free cash flow
$1.2B+32.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $14.8B, 2022 $15.8B, 2023 $14.2B, 2024 $14.1B, 2025 $14.3B. Operating income: 2021 $1.2B, 2022 $1.4B, 2023 $1.2B, 2024 $546M, 2025 $536M. Net income: 2021 $537M, 2022 $944M, 2023 $625M, 2024 $338M, 2025 $277M. Free cash flow: 2021 $640M, 2022 $846M, 2023 $1.4B, 2024 $935M, 2025 $1.2B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
1.6%+242 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.2B, 2022-12-31 $1.4B, 2023-12-31 $1.2B, 2024-12-31 $546M, 2025-12-31 $536M. Net income: 2021-12-31 $537M, 2022-12-31 $944M, 2023-12-31 $625M, 2024-12-31 $338M, 2025-12-31 $277M. Free cash flow: 2021-12-31 $640M, 2022-12-31 $846M, 2023-12-31 $1.4B, 2024-12-31 $935M, 2025-12-31 $1.2B

Growth heatmap

2022202320242025CAGR
Revenue
+6.5%
-10.1%
-0.8%
+1.6%
-0.9%
Gross profit
+8.6%
-17.2%
+3.1%
+1.0%
-1.6%
Operating income
+19.4%
-15.6%
-52.9%
-1.8%
-17.4%
Free cash flow
+32.2%
+62.2%
-31.9%
+32.3%
+17.9%

Earnings quality

Operating cash flow
$1.7B+6.2% YoY
Net income
$277M−18.0% YoY
Free cash flow
$1.2B+32.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 616%, 2024-12-31 475%, 2023-12-31 353%, 2022-12-31 166%, 2021-12-31 243%. Free cash flow: 2025-12-31 447%, 2024-12-31 277%, 2023-12-31 220%, 2022-12-31 90%, 2021-12-31 119%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
Latest
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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