BorgWarner Inc.
Description
BorgWarner Inc., together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging. The company provides power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. It sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.
About
CEO
Mr. Frederic B. Lissalde
Employees
39,900
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Auto Parts
MIC code
XNYS
Address
3850 Hamlin Road, Auburn Hills, MI 48326, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 29, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 6, 2025 | 0.93 | — | — | — |
| Oct 31, 2024 | 0.92 | 1.09 | 0.17 | 18.48% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 7 | — | 16 |
| Average estimate | — | 1.03 | — | 4.48 |
| Low estimate | — | 0.89 | — | 4.10 |
| High estimate | — | 1.10 | — | 4.81 |
| Last year EPS | — | 1.03 | — | 4.23 |
[stock_revenue_estimate]
Growth estimates
Current qtr
6.610%
Next qtr. (Mar 2025)
-0.210%
Current year
12.770%
Next year (Dec 2025)
6.000%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 14.20B | 12.64B | 11.80B | 10.17B | 10.17B |
| Cost of revenue | 11.63B | 10.27B | 9.63B | 8.26B | 8.07B |
| Gross profit | 2.57B | 2.37B | 2.17B | 1.91B | 2.10B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.33B | 1.29B | 1.08B | 951.00M | 873.00M |
| Other operating expenses | -11.00M | -4.00M | -11.00M | -4.00M | -2.00M |
| Operating income | 1.25B | 1.08B | 1.11B | 921.00M | 1.23B |
| Non operating interest income | |||||
| Income | 35.00M | 20.00M | 11.00M | 12.00M | 12.00M |
| Expense | 73.00M | 71.00M | 82.00M | 73.00M | 55.00M |
| Other income expense | -219.00M | -119.00M | -525.00M | 104.00M | 80.00M |
| Pretax income | 991.00M | 913.00M | 510.00M | 964.00M | 1.27B |
| Tax provision | 289.00M | 195.00M | 65.00M | 397.00M | 468.00M |
| Net income | 695.00M | 1.03B | 639.00M | 567.00M | 797.00M |
| Basic EPS | 2.72 | 4.03 | 2.24 | 2.09 | 3.61 |
| Diluted EPS | 2.67 | 3.99 | 2.24 | 2.09 | 3.61 |
| Basic average shares | 229.78M | 234.12M | 239.78M | 238.93M | 206.41M |
| Diluted average shares | 229.78M | 234.12M | 239.78M | 238.93M | 206.41M |
| EBITDA | 1.90B | 1.68B | 1.73B | 1.53B | 1.69B |
| Net income from continuing op. | 702.00M | 718.00M | 445.00M | 567.00M | 797.00M |
| Minority interests | -70.00M | -82.00M | -102.00M | -67.00M | -51.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 14.45B | 16.99B | 16.58B | 16.03B | 9.70B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.53B | 1.08B | 1.84B | 1.65B | 832.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 2.52B | 2.13B | 2.52B | 2.64B | 1.71B |
| Other receivables | 382.00M | 170.00M | 166.00M | 133.00M | 118.00M |
| Inventory | 1.31B | 1.22B | 1.53B | 1.29B | 807.00M |
| Prepaid assets | 137.00M | 120.00M | 181.00M | 181.00M | 189.00M |
| Restricted cash | — | — | 3.00M | — | — |
| Assets held for sale | — | 1.62B | — | — | — |
| Hedging assets | 32.00M | 12.00M | 13.00M | — | — |
| Other current assets | 74.00M | 84.00M | 110.00M | 115.00M | 77.00M |
| Non current assets | |||||
| Properties | 425.00M | 358.00M | 511.00M | 587.00M | 332.00M |
| Land and improvements | 1.32B | 1.21B | 1.50B | 1.38B | 860.00M |
| Machinery furniture equipment | 5.33B | 4.96B | 5.81B | 4.33B | 2.97B |
| Construction in progress | 671.00M | 529.00M | 471.00M | 432.00M | 360.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -3.82B | -3.53B | -3.71B | -1.93B | -1.51B |
| Goodwill | 6.59B | 6.58B | 7.65B | 6.35B | 4.09B |
| Investment properties | — | — | — | — | — |
| Financial assets | 15.00M | 68.00M | 8.00M | — | — |
| Intangible assets | 564.00M | 619.00M | 1.09B | 1.10B | 402.00M |
| Investments and advances | 308.00M | 763.00M | 428.00M | 769.00M | 316.00M |
| Other non current assets | 410.00M | 2.42B | 592.00M | 568.00M | 296.00M |
| Total liabilities | 8.39B | 9.49B | 9.31B | 9.31B | 4.86B |
| Current liabilities | |||||
| Accounts payable | 2.55B | 2.15B | 2.28B | 2.35B | 1.33B |
| Accrued expenses | 381.00M | 366.00M | 399.00M | 360.00M | 267.00M |
| Short term debt | 110.00M | 82.00M | 109.00M | 96.00M | 304.00M |
| Deferred revenue | 155.00M | 145.00M | 285.00M | 282.00M | 81.00M |
| Tax payable | 236.00M | 234.00M | 233.00M | 186.00M | 128.00M |
| Pensions | 72.00M | 32.00M | 101.00M | 117.00M | 49.00M |
| Other current liabilities | 176.00M | 1.10B | 249.00M | 247.00M | 112.00M |
| Non current liabilities | |||||
| Long term debt | 3.82B | 4.23B | 4.41B | 3.91B | 1.74B |
| Provision for risks and charges | 226.00M | 242.00M | 274.00M | 300.00M | — |
| Deferred liabilities | 160.00M | 143.00M | 206.00M | 276.00M | 125.00M |
| Derivative product liabilities | — | — | 54.00M | 162.00M | 8.00M |
| Other non current liabilities | 74.00M | 64.00M | 115.00M | 68.00M | 247.00M |
| Shareholders equity | |||||
| Common stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Retained earnings | 6.15B | 7.45B | 6.67B | 6.30B | 5.94B |
| Other shareholders equity | -828.00M | -876.00M | -551.00M | -651.00M | -727.00M |
| Total shareholders equity | 6.07B | 7.51B | 7.26B | 6.72B | 4.84B |
| Additional paid in capital | 2.69B | 2.68B | 2.64B | 2.61B | 1.15B |
| Treasury stock | 2.19B | 2.03B | 1.81B | 1.83B | 1.66B |
| Minority interest | 238.00M | 284.00M | 314.00M | 296.00M | 138.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | 702.00M | 718.00M | 445.00M | 567.00M | 797.00M | 985.00M | 483.00M | 636.70M | 613.90M | 687.50M | 651.00M | 522.40M | 570.60M | 396.20M | 36.40M | -19.30M | 288.50M | 211.60M | 239.60M | 218.30M | 174.90M | -119.10M | 66.00M | 94.00M | 132.30M | 94.70M | 103.20M | 41.80M | 74.20M | 64.40M | 32.80M | -12.10M |
| Depreciation | 582.00M | 552.00M | 574.00M | 568.00M | 439.00M | 431.00M | 408.00M | 391.40M | 320.20M | 330.40M | 299.40M | 288.60M | 283.00M | 252.90M | 260.90M | 286.80M | 264.60M | 256.60M | 255.50M | 177.00M | 161.30M | 137.40M | 104.00M | 146.00M | 123.40M | 91.60M | 87.10M | 84.80M | 77.60M | 70.50M | 67.60M | 74.00M |
| Deferred Taxes | -44.00M | -76.00M | -96.00M | 123.00M | 202.00M | -70.00M | 316.00M | 6.80M | -5.60M | 42.30M | -22.90M | -10.70M | -1.10M | -52.20M | -57.70M | -78.30M | -29.90M | -46.40M | -32.40M | 13.80M | 40.00M | 30.40M | 3.00M | -9.00M | -4.00M | 16.70M | 24.10M | — | — | — | — | — |
| Stock-Based Compensation | 58.00M | 64.00M | 50.00M | 41.00M | 42.00M | 53.00M | 52.00M | 43.60M | 40.20M | 32.10M | 36.60M | 56.70M | 21.80M | 22.80M | 22.00M | 21.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 50.00M | 8.00M | 38.00M | -69.00M | -153.00M | -22.00M | 27.00M | -36.60M | 87.70M | 45.80M | 48.50M | 23.30M | 20.30M | 24.30M | 38.40M | 115.90M | 16.30M | 92.10M | — | — | — | — | — | — | 7.80M | 6.30M | -31.40M | 6.50M | 4.10M | -24.00M | -11.10M | 22.70M |
| Accounts Receivable | -482.00M | -409.00M | -55.00M | 27.00M | 19.00M | -43.00M | -168.00M | -137.50M | -81.80M | -248.70M | -91.70M | 43.80M | -150.60M | -239.00M | -106.60M | 163.90M | -6.20M | -57.40M | -79.60M | -60.40M | -90.40M | -67.40M | -49.00M | 19.00M | 41.10M | -29.30M | -13.60M | 4.00M | 6.90M | 2.10M | -15.60M | -40.50M |
| Accounts Payable | 375.00M | 433.00M | -61.00M | — | — | -76.10M | 232.80M | 134.90M | 23.10M | 129.10M | 33.10M | -27.10M | 53.00M | 169.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 17.00M | -193.00M | -82.00M | 83.00M | -27.00M | -139.00M | -211.00M | -108.30M | -148.00M | -198.60M | -169.70M | -71.80M | -84.70M | -75.10M | 30.40M | -78.60M | -49.00M | -16.30M | -145.40M | -59.80M | -9.10M | 12.50M | 43.00M | 20.00M | 100,000 | -39.00M | 13.70M | -13.40M | -2.80M | -12.90M | 12.90M | -43.80M |
| Operating Cash Flow | 1.26B | 1.10B | 813.00M | 1.34B | 1.32B | 1.12B | 1.14B | 931.00M | 849.70M | 819.90M | 784.30M | 825.20M | 712.30M | 499.30M | 223.80M | 411.60M | 484.30M | 440.20M | 237.70M | 288.90M | 276.70M | -6.20M | 167.00M | 270.00M | 300.70M | 141.00M | 183.10M | 123.70M | 160.00M | 100.10M | 86.60M | 300,000 |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -364.00M | -276.60M | -264.70M | -183.00M | -200.70M | -166.60M | -150.50M | -120.00M | -19.00M | -816.20M | -135.80M | -171.70M | -359.40M | -92.50M | -98.80M | -60.80M | -45.80M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -100.00M | -285.00M | -737.00M | -449.00M | 14.00M | — | -181.00M | 96.40M | -1.19B | -102.10M | — | 56.80M | -178.70M | -159.70M | -5.90M | 5.50M | -138.80M | -63.70M | -477.20M | — | -12.80M | — | -3.00M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -473.00M | -20.00M | -2.00M | -53.00M | -6.00M | -11.00M | — | — | — | — | — | — | — | — | — | -13.00M | -41.50M | -52.30M | — | — | — | — | — | — | -5.70M | -100,000 | -500,000 | — | — | — | — |
| Sale of Investments | 309.00M | 40.00M | 11.00M | 10.00M | 22.00M | 2.00M | — | — | 13.10M | — | — | — | — | — | — | 14.60M | 60.40M | 28.80M | 58.20M | — | — | — | — | — | 5.50M | — | — | — | — | — | — | — |
| Investing Cash Flow | 239.00M | -698.00M | -733.00M | -405.00M | -8.00M | 32.00M | -192.00M | 96.40M | -1.18B | -93.70M | 33.00M | 62.20M | -170.80M | -152.90M | 17.20M | -338.20M | -368.00M | -341.10M | -700.10M | -257.20M | -228.20M | -130.00M | -123.00M | -62.00M | -810.70M | -127.60M | -169.10M | -351.80M | -124.30M | -87.60M | -66.40M | -45.80M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 18.00M | 5.00M | 1.29B | 1.19B | 63.00M | 59.00M | 3.00M | 4.60M | 1.57B | 623.70M | 289.50M | 356.70M | 432.20M | 402.20M | 381.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -451.00M | -13.00M | -699.00M | -331.00M | -204.00M | -66.00M | -108.00M | -322.70M | -346.50M | -541.60M | -121.40M | -246.40M | -309.10M | -145.90M | -164.50M | -7.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 244.00M | -137.00M | -116.00M | -43.00M | -24.00M | -35.00M | -32.00M | -21.00M | -23.30M | -21.10M | -13.30M | -55.00M | -38.20M | -10.90M | -83.70M | -153.70M | -17.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -496.00M | -546.00M | 309.00M | 458.00M | -405.00M | -368.00M | -361.00M | -740.50M | 732.90M | -195.00M | -127.50M | -240.60M | -205.10M | -110.10M | 4.90M | -136.10M | -57.60M | -24.70M | -22.40M | -13.50M | 17.40M | -24.30M | -14.00M | -37.00M | -14.80M | -26.40M | -22.40M | -11.50M | -8.90M | -9.40M | 84.30M | — |
| Other Cash Details | ||||||||||||||||||||||||||||||||
| End Cash Position | 1.53B | 1.34B | 1.84B | 1.65B | 832.00M | 739.00M | 545.00M | 443.70M | 577.70M | 797.80M | 939.50M | 715.70M | 359.60M | 449.90M | 357.40M | 103.40M | 188.50M | 123.30M | 89.70M | 229.70M | 113.10M | 36.60M | 30.00M | 21.00M | 21.70M | 44.00M | — | — | — | — | — | — |
| Income Tax Paid | 362.00M | 268.00M | 290.00M | 205.00M | 243.00M | 316.00M | 280.00M | 300.50M | 183.80M | 229.70M | 252.90M | 158.90M | 175.50M | 83.10M | 60.30M | 122.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 126.00M | 131.00M | 127.00M | 97.00M | 72.00M | 84.00M | 92.00M | 100.30M | 70.20M | 49.50M | 50.40M | 57.00M | 68.50M | 53.40M | 68.80M | 44.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 565.00M | 558.00M | 694.00M | 723.00M | 527.00M | 580.00M | 620.00M | 535.10M | 290.60M | 238.80M | 301.00M | 471.30M | 314.50M | 262.30M | 179.00M | 31.10M | 309.60M | 173.80M | 149.80M | 221.70M | 134.90M | 95.30M | 53.00M | 136.00M | -654.40M | -55.00M | -10.10M | -201.80M | 19.70M | 58.90M | 8.60M | -10.60M |
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