BWA
$60.11-1.36%
as of close, Sep 30, 2026
☾ AH $60.11 -1.36%
BorgWarner Inc.Stock · Consumer DiscretionaryRussell 3000 0.02%Russell 1000 0.02%US Stock Market 0.02%
BWA financial statements
The full income statement, balance sheet, and cash-flow statement for BorgWarner Inc. (BWA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 227.8M2024-09 218.7M2024-12 218.7M2025-03 219.7M2025-06 216.4M2025-09 213.9M2025-12 207.0M2026-03 205.1M2026-06 203.7M-10.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 14.3B+1.6% | 14.1B-0.8% | 14.2B+12.4% | 12.6B+7.0% | 11.8B+16.1% | |
| 2.67B+1.0% | 2.65B+3.1% | 2.57B+8.4% | 2.37B+9.0% | 2.17B+13.8% | ||
| Cost of revenue | 11.6B+1.8% | 11.4B-1.7% | 11.6B+13.3% | 10.3B+6.6% | 9.63B+16.7% | |
| Research & development | 710M-3.5% | 736M+2.6% | 717M+2.3% | 701M+19.6% | 586M+23.1% | |
| Selling, general & administrative | 1.30B-3.4% | 1.35B+2.6% | 1.32B+2.0% | 1.29B+18.9% | 1.08B+14.1% | |
| Restructuring | 101M+36.5% | 74.0M-6.3% | 79.0M+64.6% | 48.0M-55.6% | 108M-46.8% | |
| Amortization of intangibles | 66.0M-4.3% | 69.0M+3.0% | 67.0M-2.9% | 69.0M+16.9% | 59.0M-33.7% | |
| Provision for credit losses | 7.00M-30.0% | 10.0M+150.0% | 4.00M+100.0% | 2.00M | 0.00-100.0% | |
| Operating income | 536M-1.8% | 546M-52.9% | 1.16B+15.0% | 1.01B+10.4% | 914M+47.9% | |
| Interest expense | 99.0M+17.9% | 84.0M+15.1% | 73.0M+40.4% | 52.0M-44.1% | 93.0M+52.5% | |
| Interest & investment income | 60.0M+11.1% | 54.0M+54.3% | 35.0M+75.0% | 20.0M+81.8% | 11.0M-8.3% | |
| Net interest income | -39.0M-95.0% | -20.0M-100.0% | -10.0M+80.4% | -51.0M+44.0% | -91.0M-49.2% | |
| Equity-method income | 35.0M+29.6% | 27.0M-10.0% | 30.0M+7.1% | 28.0M-33.3% | 42.0M+133.3% | |
| Pre-tax income | 524M-2.8% | 539M-45.6% | 991M+8.5% | 913M+79.0% | 510M-47.1% | |
| Income tax | 189M+70.3% | 111M-61.6% | 289M+48.2% | 195M+200.0% | 65.0M-83.6% | |
| 277M-18.0% | 338M-45.9% | 625M-33.8% | 944M+75.8% | 537M+7.4% | ||
| Income from continuing operations | 277M-24.5% | 367M-41.9% | 632M-0.6% | 636M+85.4% | 343M | |
| Discontinued operations | 0.00+100.0% | -29.0M-314.3% | -7.00M-102.3% | 308M+58.8% | 194M | |
| Net income to non-controlling interest | — | — | — | 82.0M-19.6% | 102M+52.2% | |
| $1.28-14.7% | $1.50-43.8% | $2.67-33.1% | $3.99+78.1% | $2.24-4.3% | ||
| EPS (basic) | $1.29-14.6% | $1.51-43.7% | $2.68-33.2% | $4.01+78.2% | $2.25-4.3% | |
| Weighted-avg shares (basic) | 214M-4.2% | 224M-4.0% | 233M-1.1% | 236M-1.1% | 238M+11.8% | |
| Weighted-avg shares (diluted) | 216M-3.7% | 225M-4.1% | 234M-1.0% | 237M-1.1% | 240M+11.9% | |
| Dividends per share | $0.56+27.3% | $0.44-21.4% | $0.56-17.6% | $0.68+0.0% | $0.68+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.79B+4.2% | 6.52B+4.9% | 6.22B-6.0% | 6.62B+0.3% | 6.60B+7.0% | ||
| Cash & equivalents | 2.31B+10.5% | 2.09B+36.5% | 1.53B+14.6% | 1.34B-27.3% | 1.84B+11.6% | |
| Accounts receivable | 2.96B+4.2% | 2.84B-8.6% | 3.11B+25.8% | 2.47B-14.7% | 2.90B-0.7% | |
| Inventory | 1.21B-3.5% | 1.25B-4.7% | 1.31B+7.9% | 1.22B-20.7% | 1.53B+19.3% | |
| Prepaid expenses | 313M-6.0% | 333M+27.6% | 261M+13.5% | 230M-28.3% | 321M+2.9% | |
| Other current assets | 47.0M-43.4% | 83.0M+45.6% | 57.0M+14.0% | 50.0M-32.4% | 74.0M+2.8% | |
| 13.8B-1.6% | 14.0B-3.2% | 14.5B-15.0% | 17.0B+2.5% | 16.6B+3.4% | ||
| Operating lease right-of-use | 151M-14.7% | 177M+23.8% | 143M+34.9% | 106M-42.7% | 185M-12.3% | |
| Goodwill | 2.06B-12.8% | 2.36B-21.8% | 3.01B+1.2% | 2.98B+4.3% | 2.85B+8.6% | |
| Intangible assets | 394M-16.9% | 474M-16.0% | 564M-8.9% | 619M-43.3% | 1.09B-0.5% | |
| Deferred tax assets | 556M+54.9% | 359M+39.7% | 257M+43.6% | 179M-29.5% | 254M-12.7% | |
| Other non-current assets | 838M+18.0% | 710M+38.7% | 512M+4.7% | 489M-28.4% | 683M-6.2% | |
| 3.28B-10.0% | 3.65B-3.2% | 3.77B-11.1% | 4.24B+11.5% | 3.80B-0.3% | ||
| Accounts payable | — | — | — | 2.68B+17.9% | 2.28B | |
| Deferred revenue | 1.00M-92.3% | 13.0M-27.8% | 18.0M+28.6% | 14.0M-33.3% | 21.0M-4.5% | |
| Short-term & current debt | 2.00M-99.4% | 337M+11133.3% | 3.00M+50.0% | 2.00M-50.0% | 4.00M+0.0% | |
| Current lease liability | 36.0M-5.3% | 38.0M+2.7% | 37.0M+68.2% | 22.0M-48.8% | 43.0M-8.5% | |
| Other current liabilities | 1.28B+5.3% | 1.22B+5.9% | 1.15B+5.9% | 1.08B-25.5% | 1.46B+3.3% | |
| Finance lease liability (current) | 2.00M-33.3% | 3.00M+0.0% | 3.00M+50.0% | 2.00M+0.0% | 2.00M+0.0% | |
| 8.15B-1.6% | 8.29B-1.2% | 8.39B-11.6% | 9.49B+1.9% | 9.31B+0.1% | ||
| Long-term debt | 3.89B+3.5% | 3.76B+1.5% | 3.71B-10.5% | 4.14B-2.8% | 4.26B+14.0% | |
| Deferred revenue (non-current) | 1.00M-98.9% | 88.0M+6.0% | 83.0M+40.7% | 59.0M-13.2% | 68.0M+23.6% | |
| Non-current lease liability | 122M-15.3% | 144M+28.6% | 112M+31.8% | 85.0M-44.1% | 152M-11.6% | |
| Operating lease liability (total) | 158M-13.2% | 182M+22.1% | 149M-28.4% | 208M+6.7% | 195M-11.0% | |
| Finance lease liability (total) | 18.0M-21.7% | 23.0M-11.5% | 26.0M+116.7% | 12.0M-7.7% | 13.0M-7.1% | |
| Finance lease liability | 16.0M-20.0% | 20.0M-13.0% | 23.0M+155.6% | 9.00M-18.2% | 11.0M-8.3% | |
| Deferred tax liabilities | 165M-1.2% | 167M+4.4% | 160M+11.9% | 143M-30.6% | 206M-25.4% | |
| Other non-current liabilities | 851M+14.8% | 741M-3.4% | 767M+11.8% | 686M-28.8% | 964M-18.4% | |
| 5.44B-1.6% | 5.53B-5.1% | 5.83B-19.3% | 7.22B+4.0% | 6.95B+8.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 3.00M+0.0% | 3.00M+0.0% | 3.00M+0.0% | 3.00M+0.0% | 3.00M+0.0% | |
| Additional paid-in capital | 2.68B+0.1% | 2.67B-0.6% | 2.69B+0.5% | 2.67B+1.4% | 2.64B+0.9% | |
| Retained earnings | 6.57B+2.5% | 6.41B+4.2% | 6.15B-17.5% | 7.45B+11.7% | 6.67B+6.0% | |
| Treasury stock | 3.01B+18.6% | 2.54B+16.0% | 2.19B+7.7% | 2.03B+12.1% | 1.81B-1.2% | |
| Accumulated other comprehensive income | -799M+21.7% | -1.02B-23.2% | -828M+5.5% | -876M-59.0% | -551M+15.4% | |
| Non-controlling interest | 172M-1.1% | 174M-26.9% | 238M-16.2% | 284M-9.6% | 314M+6.1% | |
| Total equity incl. non-controlling | 5.61B-1.6% | 5.71B-5.9% | 6.07B-19.2% | 7.51B+3.4% | 7.26B+8.0% | |
| Total liabilities & equity | 13.8B-1.6% | 14.0B-3.2% | 14.5B-15.0% | 17.0B+2.5% | 16.6B+3.4% | |
| Common shares issued | 284M+0.0% | 284M+0.0% | 284M+0.0% | 284M+0.0% | 284M+0.0% | |
| Common shares outstanding | 207M-5.3% | 219M-4.8% | 230M-1.9% | 234M-2.4% | 240M+0.4% | |
| Shares outstanding (cover) | 207M-5.3% | 219M-4.8% | 230M-1.9% | 234M-2.4% | 240M+0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.65B+19.2% | 1.38B-1.1% | 1.40B-11.0% | 1.57B+20.1% | 1.31B+10.3% | ||
| Depreciation & amortization | 719M+6.8% | 673M+15.6% | 582M+5.4% | 552M-3.8% | 574M+1.1% | |
| Intangible amortization | 66.0M-4.3% | 69.0M+3.0% | 67.0M-2.9% | 69.0M+16.9% | 59.0M-33.7% | |
| Share-based compensation | 66.0M+6.5% | 62.0M+6.9% | 58.0M-9.4% | 64.0M+28.0% | 50.0M+22.0% | |
| Deferred income taxes | -133M+14.7% | -156M-160.0% | -60.0M+36.2% | -94.0M+49.7% | -187M-250.8% | |
| Change in inventory | -105M-238.7% | -31.0M-143.1% | 72.0M-54.4% | 158M-11.7% | 179M+539.3% | |
| — | — | — | -1.42B-1.6% | -1.40B-61.1% | ||
| Capital expenditure | 469M-30.1% | 671M-19.4% | 832M+33.8% | 622M+21.0% | 514M+16.6% | |
| Free cash flow | 1.18B+65.8% | 711M+25.8% | 565M-40.3% | 947M+19.6% | 792M+6.6% | |
| Acquisitions | 0.00 | 0.00-100.0% | 109M-65.1% | 312M-58.9% | 759M+69.0% | |
| Purchases of investments | — | — | — | 473M+2265.0% | 20.0M+900.0% | |
| — | — | — | -567M-298.3% | 286M-34.6% | ||
| Long-term debt issued | 0.00-100.0% | 1.01B+5500.0% | 18.0M+260.0% | 5.00M-99.6% | 1.29B+9.2% | |
| Long-term debt repaid | 409M-22.1% | 525M+16.4% | 451M+3369.2% | 13.0M-98.1% | 699M+111.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 508M+26.4% | 402M+127.1% | 177M-26.3% | 240M | 0.00-100.0% | |
| Dividends paid | 119M+21.4% | 98.0M-24.6% | 130M-19.3% | 161M-0.6% | 162M+11.0% | |
| Other financing activities | — | — | — | -18.0M-20.0% | -15.0M-15.4% | |
| FX effect on cash | 55.0M+350.0% | -22.0M | 0.00+100.0% | -90.0M-2900.0% | -3.00M-104.8% | |
| Net change in cash | 219M-60.9% | 560M+185.7% | 196M+138.7% | -506M-360.8% | 194M-76.3% | |
| Interest paid | 133M+9.9% | 121M-4.0% | 126M-3.8% | 131M+3.1% | 127M+30.9% | |
| Income taxes paid | 372M-8.4% | 406M+12.2% | 362M+35.1% | 268M-7.6% | 290M+41.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 9.33B+34.2% | 6.95B-17.5% | 8.43B+1.6% | 8.30B-12.9% | 9.52B+17.1% | |
| P/E | 33.7×+63.8% | 20.6×+77.0% | 11.6×+14.7% | 10.1×-42.9% | 17.7×+9.0% | |
| P/S | 0.7×+32.0% | 0.5×-18.0% | 0.6×-16.7% | 0.7×-10.4% | 0.8×+0.9% | |
| P/B | 1.7×+36.4% | 1.3×-14.0% | 1.5×+19.3% | 1.2×-10.6% | 1.4×+8.3% | |
| P/FCF | 7.9×-19.1% | 9.8×-10.1% | 10.9×+1.4% | 10.7×-10.8% | 12.0×+9.9% | |
| Earnings yield | 3.0%-38.9% | 4.9%-43.5% | 8.6%-12.8% | 9.9%+75.0% | 5.6%-8.3% | |
| FCF yield | 12.6%+23.6% | 10.2%+11.2% | 9.2%-1.4% | 9.3%+12.1% | 8.3%-9.0% | |
| Dividend yield | 1.2%-10.2% | 1.4%-11.4% | 1.6%-18.6% | 1.9%+12.0% | 1.7%-14.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BWA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BWA filings on SEC EDGAR → Not investment advice.