BorgWarner (BWA) Financials

$33.47 +0.32 (+0.97%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$33.45 -0.02 (-0.06%)

As of 04:05 AM Eastern

Annual Income Statements for BorgWarner

This table shows BorgWarner's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	338	625	944	537	500	746	931	440	595	577
Consolidated Net Income / (Loss)	399	695	1,026	639	567	797	985	483	637	614
Net Income / (Loss) Continuing Operations	428	702	718	445	567	797	985	483	637	614
Total Pre-Tax Income	539	991	913	510	964	1,265	1,196	1,063	943	875
Total Operating Income	546	1,160	1,009	914	618	1,303	1,190	1,072	973	888
Total Gross Profit	2,648	2,568	2,369	2,173	1,910	2,101	2,230	2,115	1,929	1,703
Total Revenue	14,086	14,198	12,635	11,803	10,165	10,168	10,530	9,799	9,071	8,023
Operating Revenue	14,086	14,198	12,635	11,803	10,165	10,168	10,530	9,799	9,071	8,023
Total Cost of Revenue	11,438	11,630	10,266	9,630	8,255	8,067	8,300	7,684	7,142	6,320
Operating Cost of Revenue	11,438	11,630	10,266	9,630	8,255	8,067	8,300	7,684	7,142	6,320
Total Operating Expenses	2,102	1,408	1,360	1,259	1,292	798	1,040	1,043	956	815
Selling, General & Admin Expense	1,350	1,316	1,290	1,085	951	873	946	899	818	662
Other Operating Expenses / (Income)	32	-16	-8.00	66	138	-147	94	144	138	153
Impairment Charge	646	29	30	-	-	-	-	-	-	-
Restructuring Charge	74	79	48	108	203	72	-	-	-	-
Total Other Income / (Expense), net	-7.00	-169	-96	-404	346	-38	6.00	-9.00	-31	-13
Interest Expense	13	15	0.00	91	61	43	59	71	85	60
Interest & Investment Income	7.00	20	-23	-320	400	32	55	62	49	7.50
Other Income / (Expense), net	-1.00	-174	-73	7.00	7.00	-27	10	-	4.90	40
Income Tax Expense	111	289	195	65	397	468	211	580	306	262
Net Income / (Loss) Discontinued Operations	-29	-7.00	308	194	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	61	70	82	102	67	51	54	43	42	37
Basic Earnings per Share	$1.51	$2.68	$4.01	$2.25	$2.35	$3.63	$4.47	$2.09	$2.78	$2.57
Weighted Average Basic Shares Outstanding	223.50M	232.80M	235.50M	238.10M	213M	205.70M	208.20M	210.40M	214.37M	224.41M
Diluted Earnings per Share	$1.50	$2.67	$3.99	$2.24	$2.34	$3.61	$4.44	$2.08	$2.76	$2.56
Weighted Average Diluted Shares Outstanding	224.80M	234.40M	236.80M	239.50M	214M	206.80M	209.50M	211.50M	215.33M	225.65M
Weighted Average Basic & Diluted Shares Outstanding	218.68M	229.78M	234.13M	239.97M	239.02M	206.41M	208.20M	210.50M	215.50M	224.20M
Cash Dividends to Common per Share	$0.44	$0.56	$0.68	$0.68	$0.68	$0.00	$0.68	$0.59	$0.53	$0.52

This table shows BorgWarner's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	157	-405	234	303	206	154	50	204	217	255	273
Consolidated Net Income / (Loss)	171	-388	249	317	221	175	68	222	230	279	292
Net Income / (Loss) Continuing Operations	171	-386	257	329	228	170	105	246	181	71	192
Total Pre-Tax Income	232	-319	270	298	290	229	238	276	248	50	260
Total Operating Income	237	-316	270	297	295	281	272	333	274	120	265
Total Gross Profit	639	683	636	685	644	659	652	680	577	300	607
Total Revenue	3,515	3,439	3,449	3,603	3,595	3,522	3,622	3,671	3,383	1,776	3,226
Operating Revenue	3,515	3,439	3,449	3,603	3,595	3,522	3,622	3,671	3,383	1,776	3,226
Total Cost of Revenue	2,876	2,756	2,813	2,918	2,951	2,863	2,970	2,991	2,806	1,476	2,619
Operating Cost of Revenue	2,876	2,756	2,813	2,918	2,951	2,863	2,970	2,991	2,806	1,476	2,619
Total Operating Expenses	402	999	366	388	349	378	380	347	303	180	342
Selling, General & Admin Expense	315	340	340	341	329	353	330	334	299	183	325
Other Operating Expenses / (Income)	17	4.00	5.00	22	1.00	-15	-6.00	4.00	1.00	-34	12
Impairment Charge	39	-	-	-	-	-	-	-	-	-	-
Restructuring Charge	31	9.00	21	25	19	11	56	9.00	3.00	1.00	5.00
Total Other Income / (Expense), net	-5.00	-3.00	0.00	1.00	-5.00	-52	-34	-57	-26	-69	-6.00
Interest Expense	3.00	1.00	4.00	3.00	5.00	-1.00	3.00	3.00	10	-32	11
Interest & Investment Income	-2.00	14	-2.00	-8.00	3.00	141	-41	-66	-14	-	-
Other Income / (Expense), net	0.00	-16	6.00	12	-3.00	-194	10	12	-2.00	-59	5.00
Income Tax Expense	61	67	13	-31	62	59	133	30	67	-21	68
Net Income / (Loss) Discontinued Operations	0.00	-2.00	-8.00	-12	-7.00	5.00	-37	-24	49	-	100
Net Income / (Loss) Attributable to Noncontrolling Interest	14	17	15	14	15	21	18	18	13	24	19
Basic Earnings per Share	$0.72	($1.81)	$1.04	$1.34	$0.91	$0.66	$0.21	$0.88	$0.93	$1.08	$1.17
Weighted Average Basic Shares Outstanding	217.20M	223.50M	223.10M	226.10M	227.70M	232.80M	233.40M	233.40M	232.80M	235.50M	234.30M
Diluted Earnings per Share	$0.72	($1.81)	$1.04	$1.34	$0.90	$0.66	$0.21	$0.87	$0.93	$1.08	$1.15
Weighted Average Diluted Shares Outstanding	218.10M	224.80M	224.50M	227.20M	228.30M	234.40M	235.30M	234.40M	234.40M	236.80M	235.60M
Weighted Average Basic & Diluted Shares Outstanding	219.72M	218.68M	218.70M	227.77M	227.84M	229.78M	235.06M	235.06M	234.37M	234.13M	234.15M
Cash Dividends to Common per Share	$0.11	$0.33	$0.11	$0.11	$0.11	$0.30	$0.11	$0.17	$0.17	$0.31	$0.17

This table details how cash moves in and out of BorgWarner's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-800	-1,201	-1,596	-1,013	818	93	-932	101	-134	-220
Net Cash From Operating Activities	0.00	0.00	0.00	0.00	1,184	1,008	1,126	1,180	1,036	868
Net Cash From Continuing Operating Activities	1,382	1,397	1,180	1,210	0.00	0.00	0.00	1,180	1,036	868
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	483	637	614
Net Cash From Investing Activities	-603	-593	-1,320	-1,249	-866	-489	-514	-752	-404	-1,759
Net Cash From Continuing Investing Activities	-603	-593	-1,320	-1,249	-866	-489	-514	-752	-404	-1,759
Purchase of Property, Plant & Equipment	-671	-832	-622	-516	-461	-481	-546	-560	-501	-577
Acquisitions	0.00	-109	-312	-759	-449	-10	0.00	-186	0.00	-1,200
Purchase of Investments	-8.00	284	-473	-20	-2.00	-53	-6.00	-11	0.00	0.00
Sale of Property, Plant & Equipment	4.00	30	20	8.00	16	9.00	36	5.00	11	4.70
Divestitures	8.00	9.00	27	22	0.00	24	0.00	0.00	86	0.00
Sale and/or Maturity of Investments	46	25	40	11	10	22	2.00	-	0.00	13
Other Investing Activities, net	18	0.00	0.00	5.00	20	0.00	0.00	-	-	-
Net Cash From Financing Activities	-167	-521	-564	294	437	-420	-383	-363	-734	737
Net Cash From Continuing Financing Activities	-167	-521	-564	294	437	-420	-383	-363	-734	737
Repayment of Debt	-534	-454	-13	-710	-346	-219	-115	-112	-316	-343
Repurchase of Common Equity	-402	-177	-240	0.00	-216	-100	-150	-100	-288	-350
Payment of Dividends	-211	-261	-298	-267	-179	-164	-177	-154	-143	-140
Issuance of Debt	1,008	18	5.00	1,286	1,178	63	59	3.00	4.60	1,569
Other Financing Activities, net	-28	353	-18	-15	-	-	-	-	8.90	0.00
Other Net Changes in Cash	-30	-87	288	-58	-	-	-	-	-	-

This table details how cash moves in and out of BorgWarner's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-491	-563	336	-76	-497	-317	-134	-307	-443	-544	-316
Net Cash From Operating Activities	0.00	-	-	10	-10	-	-	-	0.00	-	-332
Net Cash From Continuing Operating Activities	82	682	356	462	-118	887	221	230	59	628	552
Net Income / (Loss) Continuing Operations	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Net Cash From Investing Activities	-94	-143	-147	-138	-175	-55	-102	-192	-244	-713	-219
Net Cash From Continuing Investing Activities	-94	-143	-147	-138	-175	-55	-102	-192	-244	-713	-219
Purchase of Property, Plant & Equipment	-119	-161	-155	-165	-190	-208	-185	-200	-239	-195	-96
Sale of Property, Plant & Equipment	11	1.00	1.00	2.00	0.00	1.00	15	13	1.00	4.00	-1.00
Divestitures	0.00	-	-	5.00	3.00	9.00	-	-	0.00	2.00	-
Sale and/or Maturity of Investments	12	-	10	24	12	-	12	-	13	-	12
Other Investing Activities, net	2.00	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-397	-417	492	-59	-183	-243	-70	-118	-90	-74	-142
Net Cash From Continuing Financing Activities	-397	-417	492	-59	-183	-243	-70	-118	-90	-74	-142
Repayment of Debt	-351	-350	-169	-3.00	-12	-7.00	-441	-4.00	-2.00	-4.00	-3.00
Repurchase of Common Equity	0.00	-1.00	-301	-	-100	-177	-	-	0.00	-	-100
Payment of Dividends	-28	-74	-32	-57	-48	-70	-33	-94	-64	-73	-38
Other Financing Activities, net	-18	-	-4.00	-1.00	-23	-	401	-23	-25	-	-1.00
Other Net Changes in Cash	0.00	-3.00	-9.00	-8.00	-10	-19	38	3.00	-109	243	-

This table presents BorgWarner's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	13,993	14,453	16,994	16,575	16,029	9,702	10,095	9,788	8,835	8,826
Total Current Assets	6,521	6,217	6,617	6,597	6,167	3,836	3,805	3,543	2,912	3,135
Restricted Cash	2,094	1,534	1,083	1,844	0.00	-	-	-	-	-
Accounts Receivable	2,843	3,109	2,471	2,898	2,919	1,921	1,988	2,019	1,689	1,665
Inventories, net	1,251	1,313	1,217	1,534	1,286	807	781	766	641	724
Prepaid Expenses	333	261	230	321	312	276	250	145	137	169
Plant, Property, & Equipment, net	3,575	3,783	0.00	0.00	0.00	0.00	2,904	2,864	2,502	2,448
Total Noncurrent Assets	3,897	4,453	10,377	9,978	9,862	5,866	3,386	3,381	3,421	3,242
Long-Term Investments	356	364	819	530	820	318	592	547	502	461
Goodwill	2,357	3,013	2,978	3,279	2,627	1,842	1,853	1,882	1,702	1,758
Intangible Assets	474	564	619	1,091	1,096	402	439	493	464	544
Other Noncurrent Operating Assets	710	512	3,915	5,078	5,319	3,304	502	459	753	480
Total Liabilities & Shareholders' Equity	13,993	14,453	16,994	16,575	16,029	9,702	10,095	9,788	8,835	8,826
Total Liabilities	8,287	8,387	9,486	9,313	9,305	4,858	5,750	5,962	5,533	5,194
Total Current Liabilities	3,646	3,767	4,236	3,798	3,810	2,329	2,399	2,425	2,092	2,357
Short-Term Debt	398	73	60	66	49	286	173	85	176	441
Accounts Payable	2,032	2,546	2,146	2,276	2,352	1,325	2,144	2,270	1,847	1,866
Other Current Liabilities	1,216	1,148	1,084	1,456	1,409	718	-	-	-	-
Total Noncurrent Liabilities	4,641	4,620	5,250	5,515	5,495	2,529	3,351	3,537	3,441	2,837
Long-Term Debt	3,763	3,707	4,140	4,261	3,738	1,674	1,941	2,104	2,044	2,109
Noncurrent Employee Benefit Liabilities	137	146	129	290	576	306	298	302	294	313
Other Noncurrent Operating Liabilities	741	767	686	964	1,181	549	357	356	276	354
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	5,709	6,069	7,508	7,262	6,724	4,844	4,345	3,826	3,302	3,632
Total Preferred & Common Equity	5,532	5,828	7,224	6,948	6,428	4,706	4,226	3,717	3,218	3,554
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Total Common Equity	5,532	5,828	7,224	6,948	6,425	4,706	4,226	3,717	3,218	3,554
Common Stock	2,677	2,692	2,678	2,640	2,614	1,148	1,149	1,121	1,107	1,112
Retained Earnings	6,412	6,152	7,454	6,671	6,296	5,942	5,336	4,531	4,215	4,210
Treasury Stock	-2,537	-2,188	-2,032	-1,812	-1,834	-1,657	-1,585	-1,445	-1,382	-1,158
Accumulated Other Comprehensive Income / (Loss)	-1,020	-828	-876	-551	-651	-727	-674	-490	-722	-610
Noncontrolling Interest	174	238	284	314	296	138	119	109	84	78

This table presents BorgWarner's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	13,830	13,993	15,137	14,108	14,122	14,453	14,104	17,317	17,117	16,994	16,077
Total Current Assets	6,379	6,521	6,856	6,004	5,957	6,217	5,900	6,876	6,607	6,617	6,547
Restricted Cash	1,707	2,094	-	1,288	1,037	1,534	949	848	950	1,083	1,241
Accounts Receivable	3,144	2,843	3,215	3,111	3,289	3,109	3,351	3,856	3,566	2,471	3,363
Inventories, net	1,205	1,251	1,366	1,322	1,333	1,313	1,328	1,860	1,800	1,217	1,658
Prepaid Expenses	323	333	275	283	298	261	272	312	291	230	285
Plant, Property, & Equipment, net	3,552	3,575	3,814	0.00	3,766	3,783	3,569	0.00	4,463	0.00	4,006
Total Noncurrent Assets	3,899	3,897	4,467	8,104	4,399	4,453	4,635	10,441	6,047	10,377	5,524
Long-Term Investments	355	356	350	342	365	364	624	835	895	819	422
Goodwill	2,384	2,357	3,027	2,965	2,977	3,013	2,936	3,404	3,420	2,978	3,271
Intangible Assets	438	474	514	521	540	564	557	1,002	1,033	619	1,049
Other Noncurrent Operating Assets	722	710	576	4,276	517	512	518	5,200	699	3,915	782
Total Liabilities & Shareholders' Equity	13,830	13,993	15,137	14,108	14,122	14,453	14,104	17,317	17,117	16,994	16,077
Total Liabilities	7,940	8,287	8,785	7,823	8,080	8,387	8,097	9,536	9,438	9,486	9,040
Total Current Liabilities	3,230	3,646	3,718	3,712	3,869	3,767	3,573	4,235	4,148	4,236	3,816
Short-Term Debt	59	398	398	445	445	73	63	65	62	60	56
Accounts Payable	2,060	2,032	2,176	2,202	2,378	2,546	2,396	2,725	2,676	2,146	2,400
Other Current Liabilities	1,111	1,216	1,144	1,065	1,046	1,148	1,114	1,445	1,410	1,084	1,360
Total Noncurrent Liabilities	4,710	4,641	5,067	4,111	4,211	4,620	4,524	5,301	5,290	5,250	5,224
Long-Term Debt	3,803	3,763	4,195	3,283	3,295	3,707	3,665	4,191	4,175	4,140	4,080
Noncurrent Employee Benefit Liabilities	139	137	146	141	142	146	129	228	223	129	252
Other Noncurrent Operating Liabilities	768	741	726	687	774	767	730	882	892	686	892
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,890	5,709	6,352	6,285	6,042	6,069	6,007	7,781	7,679	7,508	7,037
Total Preferred & Common Equity	5,720	5,532	6,156	6,093	5,841	5,828	5,768	7,551	7,441	7,224	6,775
Total Common Equity	5,720	5,532	6,156	6,093	5,841	5,828	5,768	7,551	7,441	7,224	6,775
Common Stock	2,624	2,677	2,660	2,648	2,635	2,692	2,683	2,660	2,664	2,678	2,653
Retained Earnings	6,545	6,412	6,840	6,620	6,325	6,152	6,010	7,796	7,632	7,454	7,239
Treasury Stock	-2,488	-2,537	-2,536	-2,237	-2,236	-2,188	-2,010	-2,007	-2,031	-2,032	-2,039
Accumulated Other Comprehensive Income / (Loss)	-961	-1,020	-808	-938	-883	-828	-915	-898	-824	-876	-1,078
Noncontrolling Interest	170	174	196	192	201	238	239	230	238	284	262

This table displays calculated financial ratios and metrics derived from BorgWarner's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.79%	12.37%	7.05%	16.11%	-0.03%	-3.44%	7.46%	8.03%	13.06%	-3.39%
EBITDA Growth	-44.73%	5.34%	1.63%	47.36%	-51.02%	6.33%	-18.92%	8.07%	9.69%	-6.93%
EBIT Growth	-44.73%	5.34%	1.63%	47.36%	-51.02%	6.33%	11.94%	9.60%	5.36%	-8.18%
NOPAT Growth	-47.24%	3.56%	-0.50%	119.40%	-55.72%	-16.24%	101.21%	-25.90%	5.51%	-7.85%
Net Income Growth	-42.59%	-32.26%	60.56%	12.70%	-28.86%	-19.09%	103.93%	-24.14%	3.71%	-10.71%
EPS Growth	-43.82%	-33.08%	60.56%	12.70%	-35.18%	-18.69%	113.46%	-24.64%	7.81%	-10.49%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	-100.00%	17.46%	-10.48%	-4.58%	13.93%	19.33%	8.24%
Free Cash Flow Firm Growth	272.83%	-90.14%	796.83%	81.39%	-846.84%	-64.34%	324.71%	-85.40%	277.42%	-293.62%
Invested Capital Growth	-6.68%	7.62%	-19.86%	14.60%	42.22%	10.78%	4.51%	6.74%	-11.04%	34.29%
Revenue Q/Q Growth	-0.59%	14.02%	10.07%	-21.88%	15.54%	-0.15%	-0.11%	3.45%	1.52%	1.66%
EBITDA Q/Q Growth	-42.57%	-4.55%	17.88%	-24.88%	-29.14%	16.96%	-23.26%	-3.98%	9.44%	-6.24%
EBIT Q/Q Growth	-42.57%	-4.55%	17.88%	-24.88%	-29.14%	16.96%	6.03%	-5.90%	11.62%	-6.35%
NOPAT Q/Q Growth	-58.10%	10.76%	16.39%	-5.01%	-17.08%	-1.56%	62.50%	-40.34%	15.96%	-6.03%
Net Income Q/Q Growth	-58.52%	-13.02%	13.87%	-26.55%	35.32%	-1.36%	62.89%	-40.39%	16.91%	-6.76%
EPS Q/Q Growth	-62.69%	-14.15%	13.87%	-26.55%	32.95%	-0.55%	66.92%	-42.70%	16.46%	-7.91%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	100.00%	-100.00%	19.35%	-27.69%	1.25%	10.64%	4.53%	19.58%
Free Cash Flow Firm Q/Q Growth	60.31%	-87.62%	513.33%	87.81%	-1,419.24%	-75.16%	18.55%	-76.98%	302.13%	-270.13%
Invested Capital Q/Q Growth	-13.71%	-2.62%	-22.34%	-0.44%	50.92%	12.12%	-3.69%	-8.50%	-13.64%	24.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.80%	18.09%	18.75%	18.41%	18.79%	20.66%	21.18%	21.58%	21.26%	21.23%
EBITDA Margin	3.87%	6.94%	7.41%	7.80%	6.15%	12.55%	11.40%	15.10%	15.10%	15.56%
Operating Margin	3.88%	8.17%	7.99%	7.74%	6.08%	12.81%	11.30%	10.94%	10.73%	11.07%
EBIT Margin	3.87%	6.94%	7.41%	7.80%	6.15%	12.55%	11.40%	10.94%	10.78%	11.57%
Profit (Net Income) Margin	2.83%	4.90%	8.12%	5.41%	5.58%	7.84%	9.35%	4.93%	7.02%	7.65%
Tax Burden Percent	74.03%	70.13%	112.38%	125.29%	58.82%	63.00%	82.36%	45.44%	67.54%	70.13%
Interest Burden Percent	98.90%	100.51%	97.54%	55.37%	154.24%	99.14%	99.67%	99.16%	96.38%	94.30%
Effective Tax Rate	20.59%	29.16%	21.36%	12.75%	41.18%	37.00%	17.64%	54.56%	32.46%	29.87%
Return on Invested Capital (ROIC)	5.64%	10.72%	9.56%	9.24%	5.31%	15.26%	19.63%	10.30%	13.53%	13.88%
ROIC Less NNEP Spread (ROIC-NNEP)	3.72%	-3.71%	34.97%	-0.45%	24.44%	12.21%	20.17%	9.95%	12.05%	12.79%
Return on Net Nonoperating Assets (RNNOA)	1.13%	-0.48%	4.33%	-0.11%	4.49%	2.08%	4.48%	3.25%	4.84%	2.88%
Return on Equity (ROE)	6.78%	10.24%	13.89%	9.14%	9.80%	17.35%	24.11%	13.55%	18.37%	16.77%
Cash Return on Invested Capital (CROIC)	12.56%	3.37%	31.61%	-4.36%	-29.55%	5.04%	15.21%	3.78%	25.21%	-15.39%
Operating Return on Assets (OROA)	3.83%	6.27%	5.58%	5.65%	4.86%	12.89%	12.07%	11.51%	11.08%	11.56%
Return on Assets (ROA)	2.81%	4.42%	6.11%	3.92%	4.41%	8.05%	9.91%	5.19%	7.21%	7.65%
Return on Common Equity (ROCE)	6.53%	9.84%	13.33%	8.74%	9.43%	16.86%	23.44%	13.19%	17.94%	16.42%
Return on Equity Simple (ROE_SIMPLE)	7.21%	11.93%	14.20%	9.20%	8.82%	16.94%	23.31%	13.00%	19.78%	17.28%
Net Operating Profit after Tax (NOPAT)	434	822	793	798	363	821	980	487	657	623
NOPAT Margin	3.08%	5.79%	6.28%	6.76%	3.58%	8.07%	9.31%	4.97%	7.25%	7.76%
Net Nonoperating Expense Percent (NNEP)	1.93%	14.43%	-25.41%	9.69%	-19.14%	3.05%	-0.54%	0.35%	1.48%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	4.39%	8.34%	6.78%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	81.20%	81.91%	81.25%	81.59%	81.21%	79.34%	78.82%	78.42%	78.74%	78.77%
SG&A Expenses to Revenue	9.58%	9.27%	10.21%	9.19%	9.36%	8.59%	8.98%	9.17%	9.02%	8.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.92%	9.92%	10.76%	10.67%	12.71%	7.85%	9.88%	10.64%	10.53%	10.16%
Earnings before Interest and Taxes (EBIT)	545	986	936	921	625	1,276	1,200	1,072	978	928
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	545	986	936	921	625	1,276	1,200	1,480	1,370	1,249
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.43	1.27	1.50	1.40	1.77	1.57	2.61	2.32	2.39
Price to Tangible Book Value (P/TBV)	2.57	3.69	2.53	4.04	3.32	3.39	3.42	7.24	7.10	6.78
Price to Revenue (P/Rev)	0.49	0.59	0.73	0.88	0.88	0.82	0.63	0.99	0.82	1.06
Price to Earnings (P/E)	20.57	13.31	9.73	19.40	17.95	11.19	7.11	22.07	12.56	14.71
Dividend Yield	1.38%	1.47%	1.73%	1.56%	1.85%	1.68%	2.14%	1.28%	1.51%	1.37%
Earnings Yield	4.86%	7.51%	10.28%	5.15%	5.57%	8.94%	14.06%	4.53%	7.96%	6.80%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.31	1.59	1.38	1.32	1.64	1.47	2.24	1.93	1.96
Enterprise Value to Revenue (EV/Rev)	0.63	0.74	0.93	1.07	1.04	0.91	0.71	1.11	0.97	1.26
Enterprise Value to EBITDA (EV/EBITDA)	16.22	10.59	12.57	13.77	16.94	7.28	6.27	7.38	6.45	8.07
Enterprise Value to EBIT (EV/EBIT)	16.22	10.59	12.57	13.77	16.94	7.28	6.27	10.18	9.03	10.86
Enterprise Value to NOPAT (EV/NOPAT)	20.38	12.70	14.83	15.91	29.13	11.32	7.68	22.41	13.44	16.18
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	8.94	9.22	6.68	9.25	8.53	11.61
Enterprise Value to Free Cash Flow (EV/FCFF)	9.16	40.34	4.48	0.00	0.00	34.31	9.90	61.02	7.21	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.62	0.56	0.60	0.56	0.40	0.49	0.57	0.67	0.70
Long-Term Debt to Equity	0.66	0.61	0.55	0.59	0.56	0.35	0.45	0.55	0.62	0.58
Financial Leverage	0.30	0.13	0.12	0.23	0.18	0.17	0.22	0.33	0.40	0.23
Leverage Ratio	2.42	2.32	2.27	2.33	2.22	2.15	2.43	2.61	2.55	2.19
Compound Leverage Factor	2.39	2.33	2.22	1.29	3.43	2.14	2.43	2.59	2.46	2.07
Debt to Total Capital	42.16%	38.38%	35.87%	37.34%	36.03%	28.81%	32.73%	36.39%	40.20%	41.26%
Short-Term Debt to Total Capital	4.03%	0.74%	0.51%	0.57%	0.47%	4.20%	2.68%	1.41%	3.19%	7.14%
Long-Term Debt to Total Capital	38.13%	37.64%	35.36%	36.77%	35.56%	24.60%	30.05%	34.98%	37.01%	34.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.76%	2.42%	2.43%	2.71%	2.82%	2.03%	1.84%	1.81%	1.51%	1.26%
Common Equity to Total Capital	56.05%	59.17%	61.70%	59.95%	61.13%	69.17%	65.43%	61.80%	58.29%	57.49%
Debt to EBITDA	7.63	3.83	4.49	4.70	6.06	1.54	1.76	1.48	1.62	2.04
Net Debt to EBITDA	3.14	1.91	2.46	2.12	2.11	0.63	0.65	0.74	0.93	1.21
Long-Term Debt to EBITDA	6.90	3.76	4.42	4.63	5.98	1.31	1.62	1.42	1.49	1.69
Debt to NOPAT	9.60	4.60	5.29	5.43	10.42	2.39	2.16	4.49	3.38	4.09
Net Debt to NOPAT	3.95	2.29	2.90	2.45	3.62	0.99	0.80	2.25	1.94	2.43
Long-Term Debt to NOPAT	8.68	4.51	5.22	5.34	10.28	2.04	1.98	4.32	3.11	3.39
Altman Z-Score	2.53	2.60	2.29	2.33	2.07	3.56	3.03	3.13	2.98	3.01
Noncontrolling Interest Sharing Ratio	3.55%	3.87%	4.05%	4.38%	3.78%	2.80%	2.79%	2.70%	2.33%	2.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.79	1.65	1.56	1.74	1.62	1.65	1.59	1.46	1.39	1.33
Quick Ratio	0.78	0.83	0.58	0.76	1.20	1.18	1.14	1.06	1.02	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	965	259	2,623	-376	-2,024	271	760	179	1,225	-690
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	266.07%	213.56%	220.78%	212.61%	211.37%	151.57%
Free Cash Flow to Firm to Interest Expense	74.20	17.25	0.00	-4.14	-33.17	6.30	12.88	2.52	14.48	-11.43
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	19.41	23.44	19.08	16.62	12.24	14.37
Operating Cash Flow Less CapEx to Interest Expense	-51.31	-53.47	0.00	-5.58	12.11	12.47	10.44	8.80	6.45	4.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	0.90	0.75	0.72	0.79	1.03	1.06	1.05	1.03	1.00
Accounts Receivable Turnover	4.73	5.09	4.71	4.06	4.20	5.20	5.26	5.29	5.41	5.16
Inventory Turnover	8.92	9.19	7.46	6.83	7.89	10.16	10.73	10.92	10.47	10.28
Fixed Asset Turnover	3.83	0.00	0.00	0.00	0.00	0.00	3.65	3.65	3.67	3.53
Accounts Payable Turnover	5.00	4.96	4.64	4.16	4.49	4.65	3.76	3.73	3.85	3.72
Days Sales Outstanding (DSO)	77.11	71.72	77.55	89.94	86.90	70.16	69.45	69.06	67.49	70.71
Days Inventory Outstanding (DIO)	40.91	39.70	48.90	53.44	46.27	35.93	34.02	33.43	34.87	35.50
Days Payable Outstanding (DPO)	73.04	73.63	78.61	87.71	81.29	78.48	97.06	97.80	94.89	98.08
Cash Conversion Cycle (CCC)	44.98	37.80	47.84	55.68	51.88	27.61	6.41	4.70	7.47	8.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,417	7,948	7,385	9,215	8,041	5,654	5,104	4,884	4,576	5,143
Invested Capital Turnover	1.83	1.85	1.52	1.37	1.48	1.89	2.11	2.07	1.87	1.79
Increase / (Decrease) in Invested Capital	-531	563	-1,830	1,174	2,387	550	220	308	-568	1,313
Enterprise Value (EV)	8,837	10,437	11,764	12,686	10,588	9,295	7,524	10,916	8,832	10,078
Market Capitalization	6,952	8,317	9,182	10,419	8,975	8,347	6,622	9,712	7,475	8,488
Book Value per Share	$25.29	$24.79	$30.85	$28.98	$26.28	$22.79	$20.29	$17.63	$15.11	$15.85
Tangible Book Value per Share	$12.35	$9.58	$15.49	$10.75	$11.05	$11.92	$9.29	$6.37	$4.94	$5.59
Total Capital	9,870	9,849	11,708	11,589	10,511	6,804	6,459	6,014	5,521	6,182
Total Debt	4,161	3,780	4,200	4,327	3,787	1,960	2,114	2,188	2,220	2,550
Total Long-Term Debt	3,763	3,707	4,140	4,261	3,738	1,674	1,941	2,104	2,044	2,109
Net Debt	1,711	1,882	2,298	1,953	1,317	810	783	1,096	1,274	1,512
Capital Expenditures (CapEx)	667	802	602	508	445	472	510	555	490	573
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,179	989	1,358	1,021	756	961	840	657	552	642
Debt-free Net Working Capital (DFNWC)	3,273	2,523	2,441	2,865	2,406	1,793	1,579	1,203	996	1,219
Net Working Capital (NWC)	2,875	2,450	2,381	2,799	2,357	1,507	1,406	1,118	820	778
Net Nonoperating Expense (NNE)	35	127	-233	159	-204	24	-4.94	4.09	21	9.05
Net Nonoperating Obligations (NNO)	1,708	1,879	-123	1,953	1,317	810	759	1,058	1,274	1,512
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	408	391	320
Debt-free, Cash-free Net Working Capital to Revenue	8.37%	6.97%	10.75%	8.65%	7.44%	9.45%	7.98%	6.71%	6.09%	8.00%
Debt-free Net Working Capital to Revenue	23.24%	17.77%	19.32%	24.27%	23.67%	17.63%	15.00%	12.27%	10.98%	15.20%
Net Working Capital to Revenue	20.41%	17.26%	18.84%	23.71%	23.19%	14.82%	13.35%	11.41%	9.04%	9.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.51	$2.68	$3.53	$1.98	$2.07	$3.20	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	223.50M	232.80M	267.54M	270.49M	241.98M	233.68M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$1.50	$2.67	$3.51	$1.97	$2.06	$3.18	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	224.80M	234.40M	269.01M	272.08M	243.11M	234.93M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.20	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.68M	229.78M	265.98M	272.62M	271.54M	234.49M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,005	898	855	892	483	866	980	750	657	623
Normalized NOPAT Margin	7.14%	6.33%	6.77%	7.56%	4.75%	8.52%	9.31%	7.66%	7.25%	7.76%
Pre Tax Income Margin	3.83%	6.98%	7.23%	4.32%	9.48%	12.44%	11.36%	10.85%	10.39%	10.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	41.92	65.73	0.00	10.12	10.25	29.67	20.34	15.10	11.56	15.37
NOPAT to Interest Expense	33.35	54.78	0.00	8.76	5.96	19.09	16.61	6.86	7.77	10.31
EBIT Less CapEx to Interest Expense	-9.38	12.27	0.00	4.54	2.95	18.70	11.69	7.28	5.77	5.89
NOPAT Less CapEx to Interest Expense	-17.96	1.31	0.00	3.18	-1.34	8.11	7.97	-0.96	1.98	0.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.88%	37.55%	29.04%	41.78%	31.57%	20.58%	17.97%	31.88%	22.51%	22.81%
Augmented Payout Ratio	153.63%	63.02%	52.44%	41.78%	69.66%	33.12%	33.20%	52.59%	67.74%	79.79%

This table displays calculated financial ratios and metrics derived from BorgWarner's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.23%	-2.36%	-4.78%	-1.85%	6.27%	98.31%	12.28%	-2.34%	-12.67%	186.45%	-5.56%
EBITDA Growth	-19.11%	-481.61%	-2.13%	-10.43%	7.35%	42.62%	4.44%	21.91%	-15.53%	175.31%	2.66%
EBIT Growth	-19.11%	-481.61%	-2.13%	-10.43%	7.35%	42.62%	4.44%	21.91%	-15.53%	175.31%	2.66%
NOPAT Growth	-24.68%	-206.04%	114.17%	10.48%	15.98%	22.42%	-38.68%	36.04%	-20.11%	512.59%	29.58%
Net Income Growth	-22.62%	-321.71%	266.18%	42.79%	-3.91%	-37.28%	-76.71%	-3.90%	2.68%	81.17%	149.57%
EPS Growth	-20.00%	-374.24%	395.24%	54.02%	-3.23%	-38.89%	-81.74%	-3.90%	2.68%	81.17%	149.57%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.00%	0.00%	-333.80%
Free Cash Flow Firm Growth	-55.03%	187.42%	-111.99%	557.77%	962.21%	-117.72%	2,617.68%	-640.34%	82.80%	264.60%	98.46%
Invested Capital Growth	-8.23%	-6.68%	5.31%	-19.04%	-16.79%	7.62%	-14.17%	8.36%	4.38%	-19.86%	2.74%
Revenue Q/Q Growth	2.21%	-0.29%	-4.27%	0.22%	2.07%	-2.76%	-1.33%	8.51%	90.48%	-44.95%	-14.18%
EBITDA Q/Q Growth	171.39%	-220.29%	-10.68%	5.82%	243.53%	-69.15%	-18.26%	26.84%	102.99%	-77.41%	-4.59%
EBIT Q/Q Growth	171.39%	-220.29%	-10.68%	5.82%	243.53%	-69.15%	-18.26%	26.84%	102.99%	-77.41%	-4.59%
NOPAT Q/Q Growth	178.97%	-186.07%	-21.62%	41.38%	11.18%	73.84%	-59.57%	48.42%	17.36%	-12.92%	-10.30%
Net Income Q/Q Growth	144.07%	-255.82%	-21.45%	43.44%	76.80%	157.35%	-69.37%	-3.48%	-17.56%	-4.45%	26.41%
EPS Q/Q Growth	139.78%	-274.04%	-22.39%	48.89%	36.36%	214.29%	-75.86%	-3.48%	-17.56%	-4.45%	26.41%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	200.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-253.70%
Free Cash Flow Firm Q/Q Growth	179.11%	276.02%	-107.66%	19.55%	642.59%	-124.14%	392.32%	-125.18%	-111.15%	3,530.77%	14.04%
Invested Capital Q/Q Growth	3.68%	-13.71%	2.53%	0.04%	5.44%	-2.62%	-21.17%	2.81%	36.37%	-22.34%	-0.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.18%	19.86%	18.44%	19.01%	17.91%	18.71%	18.00%	18.52%	17.06%	16.89%	18.82%
EBITDA Margin	6.74%	-9.65%	8.00%	8.58%	8.12%	2.47%	7.79%	9.40%	8.04%	3.43%	8.37%
Operating Margin	6.74%	-9.19%	7.83%	8.24%	8.21%	7.98%	7.51%	9.07%	8.10%	6.76%	8.21%
EBIT Margin	6.74%	-9.65%	8.00%	8.58%	8.12%	2.47%	7.79%	9.40%	8.04%	3.43%	8.37%
Profit (Net Income) Margin	4.86%	-11.28%	7.22%	8.80%	6.15%	4.97%	1.88%	6.05%	6.80%	15.71%	9.05%
Tax Burden Percent	73.71%	121.63%	92.22%	106.38%	76.21%	76.42%	28.57%	80.43%	92.74%	558.00%	112.31%
Interest Burden Percent	97.89%	96.08%	97.83%	96.44%	99.32%	263.22%	84.40%	80.00%	91.18%	81.97%	96.30%
Effective Tax Rate	26.29%	0.00%	4.81%	-10.40%	21.38%	25.76%	55.88%	10.87%	27.02%	-42.00%	26.15%
Return on Invested Capital (ROIC)	8.66%	-11.79%	12.60%	13.93%	10.08%	10.97%	4.67%	9.79%	7.28%	14.61%	7.42%
ROIC Less NNEP Spread (ROIC-NNEP)	8.48%	-21.09%	12.24%	13.47%	9.61%	7.14%	2.42%	6.77%	8.56%	26.47%	11.51%
Return on Net Nonoperating Assets (RNNOA)	2.94%	-6.42%	4.35%	4.47%	3.31%	0.92%	0.86%	2.25%	2.68%	3.28%	3.86%
Return on Equity (ROE)	11.61%	-18.22%	16.96%	18.40%	13.39%	11.89%	5.53%	12.04%	9.96%	17.89%	11.28%
Cash Return on Invested Capital (CROIC)	13.27%	12.56%	7.18%	30.68%	27.61%	3.37%	23.65%	0.22%	3.24%	31.61%	4.56%
Operating Return on Assets (OROA)	6.76%	-9.56%	7.76%	7.83%	7.49%	2.23%	6.42%	6.77%	5.78%	2.59%	5.90%
Return on Assets (ROA)	4.88%	-11.17%	7.00%	8.03%	5.67%	4.49%	1.55%	4.36%	4.89%	11.83%	6.38%
Return on Common Equity (ROCE)	11.24%	-17.57%	16.36%	17.85%	12.96%	11.43%	5.32%	11.63%	9.61%	17.16%	10.77%
Return on Equity Simple (ROE_SIMPLE)	6.10%	0.00%	15.63%	12.82%	11.74%	0.00%	13.85%	13.55%	13.87%	0.00%	13.30%
Net Operating Profit after Tax (NOPAT)	175	-221	257	328	232	209	120	297	200	170	196
NOPAT Margin	4.97%	-6.43%	7.45%	9.10%	6.45%	5.92%	3.31%	8.09%	5.91%	9.59%	6.07%
Net Nonoperating Expense Percent (NNEP)	0.18%	9.30%	0.36%	0.47%	0.46%	3.83%	2.25%	3.02%	-1.28%	-11.87%	-4.09%
Return On Investment Capital (ROIC_SIMPLE)	1.79%	-2.24%	-	-	-	2.12%	-	-	-	1.46%	-
Cost of Revenue to Revenue	81.82%	80.14%	81.56%	80.99%	82.09%	81.29%	82.00%	81.48%	82.94%	83.11%	81.18%
SG&A Expenses to Revenue	8.96%	9.89%	9.86%	9.46%	9.15%	10.02%	9.11%	9.10%	8.84%	10.30%	10.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.44%	29.05%	10.61%	10.77%	9.71%	10.73%	10.49%	9.45%	8.96%	10.14%	10.60%
Earnings before Interest and Taxes (EBIT)	237	-332	276	309	292	87	282	345	272	61	270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	237	-332	276	309	292	87	282	345	272	61	270
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	1.26	1.34	1.21	1.39	1.43	1.62	1.50	1.52	1.27	1.07
Price to Tangible Book Value (P/TBV)	2.16	2.57	3.16	2.82	3.50	3.69	4.12	3.60	3.79	2.53	2.96
Price to Revenue (P/Rev)	0.45	0.49	0.58	0.51	0.56	0.59	0.75	0.94	0.93	0.73	0.63
Price to Earnings (P/E)	21.68	20.57	9.21	10.30	13.26	13.31	12.90	11.93	11.77	9.73	8.88
Dividend Yield	1.54%	1.38%	1.21%	1.36%	1.38%	1.47%	1.40%	1.41%	1.41%	1.73%	2.22%
Earnings Yield	4.61%	4.86%	10.85%	9.71%	7.54%	7.51%	7.75%	8.38%	8.49%	10.28%	11.26%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.19	1.25	1.15	1.27	1.31	1.44	1.36	1.38	1.59	1.05
Enterprise Value to Revenue (EV/Rev)	0.59	0.63	0.76	0.67	0.74	0.74	0.94	1.17	1.15	0.93	0.87
Enterprise Value to EBITDA (EV/EBITDA)	16.84	16.22	11.28	10.09	10.78	10.59	11.38	13.83	14.54	12.57	12.59
Enterprise Value to EBIT (EV/EBIT)	16.84	16.22	11.28	10.09	10.78	10.59	11.38	13.83	14.54	12.57	12.59
Enterprise Value to NOPAT (EV/NOPAT)	21.88	20.38	10.35	10.67	12.47	12.70	15.85	17.21	18.77	14.83	14.66
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	7.72	9.16	17.79	3.35	4.19	40.34	5.63	650.23	43.60	4.48	23.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.73	0.72	0.59	0.62	0.62	0.62	0.55	0.55	0.56	0.59
Long-Term Debt to Equity	0.65	0.66	0.66	0.52	0.55	0.61	0.61	0.54	0.54	0.55	0.58
Financial Leverage	0.35	0.30	0.36	0.33	0.34	0.13	0.35	0.33	0.31	0.12	0.34
Leverage Ratio	2.34	2.42	2.37	2.23	2.28	2.32	2.31	2.24	2.25	2.27	2.32
Compound Leverage Factor	2.29	2.32	2.31	2.15	2.26	6.10	1.95	1.79	2.05	1.86	2.23
Debt to Total Capital	39.60%	42.16%	41.96%	37.23%	38.23%	38.38%	38.29%	35.36%	35.56%	35.87%	37.02%
Short-Term Debt to Total Capital	0.61%	4.03%	3.64%	4.44%	4.55%	0.74%	0.65%	0.54%	0.52%	0.51%	0.50%
Long-Term Debt to Total Capital	39.00%	38.13%	38.33%	32.79%	33.68%	37.64%	37.65%	34.82%	35.04%	35.36%	36.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.74%	1.76%	1.79%	1.92%	2.05%	2.42%	2.46%	1.91%	2.00%	2.43%	2.34%
Common Equity to Total Capital	58.65%	56.05%	56.24%	60.85%	59.71%	59.17%	59.25%	62.73%	62.45%	61.70%	60.64%
Debt to EBITDA	7.90	7.63	4.84	3.90	3.77	3.83	3.61	4.17	4.42	4.49	5.21
Net Debt to EBITDA	3.68	3.14	2.36	2.20	2.36	1.91	2.09	2.52	2.49	2.46	3.11
Long-Term Debt to EBITDA	7.78	6.90	4.42	3.44	3.32	3.76	3.55	4.10	4.35	4.42	5.14
Debt to NOPAT	10.26	9.60	4.44	4.13	4.37	4.60	5.03	5.19	5.70	5.29	6.07
Net Debt to NOPAT	4.78	3.95	2.17	2.32	2.73	2.29	2.90	3.14	3.22	2.90	3.63
Long-Term Debt to NOPAT	10.10	8.68	4.05	3.64	3.85	4.51	4.94	5.11	5.62	5.22	5.98
Altman Z-Score	2.48	2.32	2.44	2.50	2.50	2.40	2.44	2.29	2.28	2.12	2.09
Noncontrolling Interest Sharing Ratio	3.11%	3.55%	3.52%	3.00%	3.20%	3.87%	3.84%	3.42%	3.50%	4.05%	4.52%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	1.79	1.84	1.62	1.54	1.65	1.65	1.62	1.59	1.56	1.72
Quick Ratio	0.97	0.78	1.40	0.84	0.85	0.83	0.94	0.91	0.86	0.58	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	865	310	-176	2,299	1,923	-354	1,468	-502	-223	2,000	-58
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	6.14%	-5.26%	0.00%	0.00%	0.00%	0.00%	0.00%	-342.27%
Free Cash Flow to Firm to Interest Expense	288.23	309.80	-44.00	766.30	384.59	0.00	489.33	-167.40	-22.30	0.00	-5.30
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	3.33	-2.00	0.00	0.00	0.00	0.00	0.00	-30.18
Operating Cash Flow Less CapEx to Interest Expense	-36.00	0.00	0.00	-51.00	-40.00	0.00	0.00	0.00	-23.80	0.00	-39.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	0.99	0.97	0.91	0.92	0.90	0.83	0.72	0.72	0.75	0.70
Accounts Receivable Turnover	4.35	4.73	4.32	4.12	4.20	5.09	3.71	3.45	3.61	4.71	3.67
Inventory Turnover	8.95	8.92	8.57	7.36	7.52	9.19	6.86	5.63	5.78	7.46	5.73
Fixed Asset Turnover	3.83	3.83	3.84	0.00	3.50	0.00	3.29	0.00	2.76	0.00	0.00
Accounts Payable Turnover	5.12	5.00	5.05	4.75	4.66	4.96	4.27	3.94	3.87	4.64	4.18
Days Sales Outstanding (DSO)	83.82	77.11	84.57	88.65	86.82	71.72	98.40	105.81	101.17	77.55	99.41
Days Inventory Outstanding (DIO)	40.76	40.91	42.59	49.63	48.56	39.70	53.20	64.81	63.18	48.90	63.75
Days Payable Outstanding (DPO)	71.28	73.04	72.27	76.84	78.33	73.63	85.45	92.67	94.31	78.61	87.35
Cash Conversion Cycle (CCC)	53.31	44.98	54.88	61.44	57.04	37.80	66.15	77.95	70.04	47.84	75.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,690	7,417	8,595	8,383	8,380	7,948	8,162	10,354	10,071	7,385	9,510
Invested Capital Turnover	1.74	1.83	1.69	1.53	1.56	1.85	1.41	1.21	1.23	1.52	1.22
Increase / (Decrease) in Invested Capital	-690	-531	433	-1,971	-1,691	563	-1,348	799	423	-1,830	254
Enterprise Value (EV)	8,235	8,837	10,705	9,635	10,680	10,437	11,760	14,123	13,943	11,764	9,997
Market Capitalization	6,265	6,952	8,266	7,345	8,141	8,317	9,366	11,320	11,313	9,182	7,262
Book Value per Share	$26.16	$25.29	$27.03	$26.74	$25.65	$24.79	$24.54	$32.22	$31.78	$30.85	$28.61
Tangible Book Value per Share	$13.25	$12.35	$11.48	$11.44	$10.21	$9.58	$9.68	$13.42	$12.76	$15.49	$10.37
Total Capital	9,752	9,870	10,945	10,013	9,782	9,849	9,735	12,037	11,916	11,708	11,173
Total Debt	3,862	4,161	4,593	3,728	3,740	3,780	3,728	4,256	4,237	4,200	4,136
Total Long-Term Debt	3,803	3,763	4,195	3,283	3,295	3,707	3,665	4,191	4,175	4,140	4,080
Net Debt	1,800	1,711	2,243	2,098	2,338	1,882	2,155	2,573	2,392	2,298	2,473
Capital Expenditures (CapEx)	108	160	154	163	190	207	170	187	238	191	97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,501	1,179	1,536	1,449	1,496	989	1,441	1,858	1,571	1,358	1,546
Debt-free Net Working Capital (DFNWC)	3,208	3,273	3,536	2,737	2,533	2,523	2,390	2,706	2,521	2,441	2,787
Net Working Capital (NWC)	3,149	2,875	3,138	2,292	2,088	2,450	2,327	2,641	2,459	2,381	2,731
Net Nonoperating Expense (NNE)	3.69	167	8.00	11	11	34	52	75	-30	-109	-96
Net Nonoperating Obligations (NNO)	1,800	1,708	2,243	2,098	2,338	1,879	2,155	2,573	2,392	-123	2,473
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	10.72%	8.37%	10.84%	10.10%	10.38%	6.97%	11.57%	15.41%	12.94%	10.75%	13.47%
Debt-free Net Working Capital to Revenue	22.90%	23.24%	24.96%	19.08%	17.58%	17.77%	19.19%	22.45%	20.76%	19.32%	24.28%
Net Working Capital to Revenue	22.48%	20.41%	22.15%	15.98%	14.49%	17.26%	18.69%	21.91%	20.25%	18.84%	23.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	($1.81)	$1.04	$1.34	$0.91	$0.66	$0.21	$0.87	$0.82	$0.95	$1.03
Adjusted Weighted Average Basic Shares Outstanding	217.20M	223.50M	223.10M	226.10M	227.70M	232.80M	233.40M	233.40M	264.47M	267.54M	266.17M
Adjusted Diluted Earnings per Share	$0.72	($1.81)	$1.04	$1.34	$0.90	$0.66	$0.21	$0.87	$0.82	$0.95	$1.02
Adjusted Weighted Average Diluted Shares Outstanding	218.10M	224.80M	224.50M	227.20M	228.30M	234.40M	235.30M	234.40M	266.29M	269.01M	267.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	($1.81)	$0.00	$0.00	$0.00	$0.66	$0.00	$0.00	$0.00	$0.95	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	219.72M	218.68M	218.70M	227.77M	227.84M	229.78M	235.06M	235.06M	266.26M	265.98M	266.01M
Normalized Net Operating Profit after Tax (NOPAT)	226	-215	277	225	247	217	230	305	202	85	199
Normalized NOPAT Margin	6.44%	-6.25%	8.03%	6.26%	6.87%	6.15%	6.34%	8.30%	5.98%	4.77%	6.18%
Pre Tax Income Margin	6.60%	-9.28%	7.83%	8.27%	8.07%	6.50%	6.57%	7.52%	7.33%	2.82%	8.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	79.00	-332.00	69.00	103.00	58.40	0.00	94.00	115.00	27.20	0.00	24.55
NOPAT to Interest Expense	58.23	-221.20	64.25	109.30	46.39	0.00	40.00	98.93	20.00	0.00	17.79
EBIT Less CapEx to Interest Expense	43.00	-492.00	30.50	48.67	20.40	0.00	37.33	52.67	3.40	0.00	15.73
NOPAT Less CapEx to Interest Expense	22.23	-381.20	25.75	54.97	8.39	0.00	-16.67	36.60	-3.80	0.00	8.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.73%	52.88%	21.52%	26.63%	35.71%	37.55%	33.04%	26.30%	21.90%	29.04%	33.19%
Augmented Payout Ratio	141.26%	153.63%	81.60%	62.10%	76.09%	63.02%	33.04%	36.07%	41.28%	52.44%	59.82%

Frequently Asked Questions About BorgWarner's Financials

When does BorgWarner's financial year end?

According to the most recent income statement we have on file, BorgWarner's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has BorgWarner's net income changed over the last 9 years?

Below is a breakdown of BorgWarner's net income over the past 5 years:

2020: $567 million
2021: $639 million
2022: $1.03 billion
2023: $695 million
2024: $399 million

Check out BorgWarner's forecast to explore projected trends and price targets.

What is BorgWarner's operating income?

BorgWarner's total operating income in 2024 was $546 million, based on the following breakdown:

Total Gross Profit: $2.65 billion
Total Operating Expenses: $2.10 billion

How has BorgWarner revenue changed over the last 9 years?

Over the last 9 years, BorgWarner's total revenue changed from $8.02 billion in 2015 to $14.09 billion in 2024, a change of 75.6%.

How much debt does BorgWarner have?

BorgWarner's total liabilities were at $8.29 billion at the end of 2024, a 1.2% decrease from 2023, and a 59.5% increase since 2015.

How has BorgWarner's book value per share changed over the last 9 years?

Over the last 9 years, BorgWarner's book value per share changed from 15.85 in 2015 to 25.29 in 2024, a change of 59.5%.

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This page (NYSE:BWA) was last updated on 5/30/2025 by MarketBeat.com Staff

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BorgWarner (BWA) Financials

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BorgWarner (BWA) Financials

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