InsiderClue
Stocks · Consumer discretionary · Motor Vehicle Parts & Accessories

BORGWARNER INC

BWA Clue Score44
United States Fiscal year ends December CIK 0000908255
$61.30 -0.68% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $61.30 +30.65% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.07Operating income0.97Net income0.60EPS, diluted2.76Fiscal year 2017Revenue9.80 +8.0%Operating income1.07Net income0.44 −26.1%EPS, diluted2.08 −24.6%Fiscal year 2018Revenue10.53 +7.5%Operating income1.19Net income0.93 +111.6%EPS, diluted4.44 +113.5%Fiscal year 2019Revenue10.17 −3.4%Operating income1.30Net income0.75 −19.9%EPS, diluted3.61 −18.7%Fiscal year 2020Revenue10.17 −0.0%Operating income0.62Net income0.50 −33.0%EPS, diluted2.34 −35.2%Fiscal year 2021Revenue11.80 +16.1%Operating income0.91Net income0.54 +7.4%EPS, diluted2.24 −4.3%Fiscal year 2022Revenue12.64 +7.0%Operating income1.01Net income0.94 +75.8%EPS, diluted3.99 +78.1%Fiscal year 2023Revenue14.20 +12.4%Operating income1.16Net income0.63 −33.8%EPS, diluted2.67 −33.1%Fiscal year 2024Revenue14.09 −0.8%Operating income0.55Net income0.34 −45.9%EPS, diluted1.50 −43.8%Fiscal year 2025Revenue14.32 +1.6%Operating income0.54Net income0.28 −18.0%EPS, diluted1.28 −14.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.07 9.80 10.53 10.17 10.17 11.80 12.64 14.20 14.09 14.32
Growth +8.0% +7.5% −3.4% −0.0% +16.1% +7.0% +12.4% −0.8% +1.6%
Operating income 0.97 1.07 1.19 1.30 0.62 0.91 1.01 1.16 0.55 0.54
Net income 0.60 0.44 0.93 0.75 0.50 0.54 0.94 0.63 0.34 0.28
Growth −26.1% +111.6% −19.9% −33.0% +7.4% +75.8% −33.8% −45.9% −18.0%
EPS, diluted 2.76 2.08 4.44 3.61 2.34 2.24 3.99 2.67 1.50 1.28
Growth −24.6% +113.5% −18.7% −35.2% −4.3% +78.1% −33.1% −43.8% −14.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin21.3%Operating margin10.7%Net margin6.6%Free cash flow margin5.9%Fiscal year 2017Gross margin21.6%Operating margin10.9%Net margin4.5%Free cash flow margin6.3%Fiscal year 2018Gross margin21.2%Operating margin11.3%Net margin8.8%Free cash flow margin5.5%Fiscal year 2019Gross margin20.7%Operating margin12.8%Net margin7.3%Free cash flow margin5.2%Fiscal year 2020Gross margin18.8%Operating margin6.1%Net margin4.9%Free cash flow margin7.3%Fiscal year 2021Gross margin18.4%Operating margin7.7%Net margin4.5%Free cash flow margin6.7%Fiscal year 2022Gross margin18.7%Operating margin8.0%Net margin7.5%Free cash flow margin7.5%Fiscal year 2023Gross margin18.1%Operating margin8.2%Net margin4.4%Free cash flow margin4.0%Fiscal year 2024Gross margin18.8%Operating margin3.9%Net margin2.4%Free cash flow margin5.0%Fiscal year 2025Gross margin18.7%Operating margin3.7%Net margin1.9%Free cash flow margin8.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin 5.9% 6.3% 5.5% 5.2% 7.3% 6.7% 7.5% 4.0% 5.0% 8.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.04Capital expenditure−0.50Free cash flow0.54Buybacks−0.29Dividends paid−0.11Fiscal year 2017Operating cash flow1.18Capital expenditure−0.56Free cash flow0.62 +15.9%Buybacks−0.10Dividends paid−0.12Fiscal year 2018Operating cash flow1.13Capital expenditure−0.55Free cash flow0.58 −6.5%Buybacks−0.15Dividends paid−0.14Fiscal year 2019Operating cash flow1.01Capital expenditure−0.48Free cash flow0.53 −9.1%Buybacks−0.10Dividends paid−0.14Fiscal year 2020Operating cash flow1.18Capital expenditure−0.44Free cash flow0.74 +41.0%Buybacks−0.22Dividends paid−0.15Fiscal year 2021Operating cash flow1.31Capital expenditure−0.51Free cash flow0.79 +6.6%Buybacks0.00Dividends paid−0.16Fiscal year 2022Operating cash flow1.57Capital expenditure−0.62Free cash flow0.95 +19.6%Buybacks−0.24Dividends paid−0.16Fiscal year 2023Operating cash flow1.40Capital expenditure−0.83Free cash flow0.57 −40.3%Buybacks−0.18Dividends paid−0.13Fiscal year 2024Operating cash flow1.38Capital expenditure−0.67Free cash flow0.71 +25.8%Buybacks−0.40Dividends paid−0.10Fiscal year 2025Operating cash flow1.65Capital expenditure−0.47Free cash flow1.18 +65.8%Buybacks−0.51Dividends paid−0.12
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.04 1.18 1.13 1.01 1.18 1.31 1.57 1.40 1.38 1.65
Capital expenditure −0.50 −0.56 −0.55 −0.48 −0.44 −0.51 −0.62 −0.83 −0.67 −0.47
Free cash flow 0.54 0.62 0.58 0.53 0.74 0.79 0.95 0.57 0.71 1.18
Growth +15.9% −6.5% −9.1% +41.0% +6.6% +19.6% −40.3% +25.8% +65.8%
Buybacks −0.29 −0.10 −0.15 −0.10 −0.22 0.00 −0.24 −0.18 −0.40 −0.51
Dividends paid −0.11 −0.12 −0.14 −0.14 −0.15 −0.16 −0.16 −0.13 −0.10 −0.12

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.44Total debt2.06Net cash (debt)−1.62Shareholders’ equity3.22Debt to equity0.64Fiscal year 2017Cash0.55Total debt2.12Net cash (debt)−1.57Shareholders’ equity3.72Debt to equity0.57Fiscal year 2018Cash0.74Total debt2.08Net cash (debt)−1.34Shareholders’ equity4.23Debt to equity0.49Fiscal year 2019Cash0.83Total debt1.93Net cash (debt)−1.09Shareholders’ equity4.71Debt to equity0.41Fiscal year 2020Cash1.65Total debt3.74Net cash (debt)−2.09Shareholders’ equity6.43Debt to equity0.58Fiscal year 2021Cash1.84Total debt4.27Net cash (debt)−2.42Shareholders’ equity6.95Debt to equity0.61Fiscal year 2022Cash1.34Total debt4.14Net cash (debt)−2.80Shareholders’ equity7.22Debt to equity0.57Fiscal year 2023Cash1.53Total debt3.71Net cash (debt)−2.18Shareholders’ equity5.83Debt to equity0.64Fiscal year 2024Cash2.09Total debt4.10Net cash (debt)−2.01Shareholders’ equity5.53Debt to equity0.74Fiscal year 2025Cash2.31Total debt3.90Net cash (debt)−1.58Shareholders’ equity5.44Debt to equity0.72
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.44 0.55 0.74 0.83 1.65 1.84 1.34 1.53 2.09 2.31
Total debt 2.06 2.12 2.08 1.93 3.74 4.27 4.14 3.71 4.10 3.90
Net cash (debt) −1.62 −1.57 −1.34 −1.09 −2.09 −2.42 −2.80 −2.18 −2.01 −1.58
Shareholders’ equity 3.22 3.72 4.23 4.71 6.43 6.95 7.22 5.83 5.53 5.44
Debt to equity 0.64 0.57 0.49 0.41 0.58 0.61 0.57 0.64 0.74 0.72

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
9.07 9.80 10.53 10.17 10.17 11.80 12.64 14.20 14.09 14.32
Growth +8.0% +7.5% −3.4% −0.0% +16.1% +7.0% +12.4% −0.8% +1.6%
7.14 7.68 8.30 8.07 8.26 9.63 10.27 11.63 11.44 11.64
1.93 2.12 2.23 2.10 1.91 2.17 2.37 2.57 2.65 2.67
Growth +9.7% +5.4% −5.8% −9.1% +13.8% +9.0% +8.4% +3.1% +1.0%
0.34 0.41 0.44 0.41 0.48 0.59 0.70 0.72 0.74 0.71
0.82 0.90 0.95 0.87 0.95 1.09 1.29 1.32 1.35 1.30
0.97 1.07 1.19 1.30 0.62 0.91 1.01 1.16 0.55 0.54
Growth +10.2% +11.0% +9.5% −52.6% +47.9% +10.4% +15.0% −52.9% −1.8%
0.94 1.06 1.20 1.27 0.96 0.51 0.91 0.99 0.54 0.52
0.31 0.58 0.21 0.47 0.40 0.07 0.20 0.29 0.11 0.19
0.60 0.44 0.93 0.75 0.50 0.54 0.94 0.63 0.34 0.28
Growth −26.1% +111.6% −19.9% −33.0% +7.4% +75.8% −33.8% −45.9% −18.0%
Per share
2.78 2.09 4.47 3.63 2.35 2.25 4.01 2.68 1.51 1.29
2.76 2.08 4.44 3.61 2.34 2.24 3.99 2.67 1.50 1.28
Growth −24.6% +113.5% −18.7% −35.2% −4.3% +78.1% −33.1% −43.8% −14.7%
214.4 210.4 208.2 205.7 213.0 238.1 235.5 232.8 223.5 214.2
215.3 211.5 209.5 206.8 214.0 239.5 236.8 234.4 224.8 216.4
Growth −1.8% −0.9% −1.3% +3.5% +11.9% −1.1% −1.0% −4.1% −3.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.1% a year over five years, and earnings per share fell 11.4% a year.
  • The diluted share count rose 1.1% in five years, which is dilution.
  • Operating margin is down 2.3 points on five years ago, at 3.7%.
  • Profitable in every one of the 10 years on file.