Garrett Motion Inc.
Description
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications. In addition, it provides mechanical and electrical products for turbocharging and boosting internal combustion engines, as well as compressing air for fuel cell compressors, and compressing refrigerant for electric cooling compressors. The company offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is based in Rolle, Switzerland.
About
CEO
Mr. Olivier Rabiller
Employees
7,600
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Auto Parts
MIC code
XNGS
Address
La PiEce 16, Rolle, 1180, Switzerland
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Feb 13, 2025 | 0.29 | — | — | — |
| Oct 24, 2024 | 0.29 | 0.24 | -0.05 | -17.24% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | 0.31 | — | 1.35 |
| Low estimate | — | 0.31 | — | 1.35 |
| High estimate | — | 0.31 | — | 1.35 |
| Last year EPS | — | 0.31 | — | 1.15 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
-1.180%
Current year
—
Next year (Dec 2025)
17.390%
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 | 3.89B | 3.60B | 3.63B | 3.03B | 3.25B |
| Cost of revenue | 3.13B | 2.92B | 2.93B | 2.50B | 2.56B |
| Gross profit | 756.00M | 683.00M | 707.00M | 539.00M | 693.00M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 247.00M | 216.00M | 216.00M | 260.00M | 231.00M |
| Other operating expenses | — | — | — | 1.00M | — |
| Operating income | 509.00M | 467.00M | 491.00M | 278.00M | 462.00M |
| Non operating interest income | |||||
| Income | 7.00M | 2.00M | 1.00M | 3.00M | 7.00M |
| Expense | 163.00M | 10.00M | 84.00M | 80.00M | 69.00M |
| Other income expense | -5.00M | 37.00M | 130.00M | -82.00M | -54.00M |
| Pretax income | 347.00M | 496.00M | 538.00M | 119.00M | 346.00M |
| Tax provision | 86.00M | 106.00M | 43.00M | 39.00M | 33.00M |
| Net income | 261.00M | 390.00M | 495.00M | 80.00M | 313.00M |
| Basic EPS | -0.31 | 0.75 | 1.69 | 1.06 | 4.20 |
| Diluted EPS | -0.31 | 0.75 | 1.56 | 1.05 | 4.12 |
| Basic average shares | 166.60M | 64.71M | 69.71M | 75.54M | 74.60M |
| Diluted average shares | 166.60M | 64.71M | 69.71M | 75.54M | 74.60M |
| EBITDA | 606.00M | 600.00M | 603.00M | 367.00M | 540.00M |
| Net income from continuing op. | 261.00M | 390.00M | 495.00M | 80.00M | 313.00M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | 184.00M | 280.00M | — | — |
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 | 2.53B | 2.64B | 2.71B | 3.02B | 2.28B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 259.00M | 246.00M | 423.00M | 592.00M | 187.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 614.00M | 619.00M | 553.00M | 625.00M | 574.00M |
| Other receivables | 115.00M | 142.00M | 89.00M | 87.00M | 79.00M |
| Inventory | 263.00M | 270.00M | 244.00M | 235.00M | 220.00M |
| Prepaid assets | 15.00M | 16.00M | 13.00M | 62.00M | 12.00M |
| Restricted cash | 1.00M | 2.00M | 41.00M | 101.00M | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 12.00M | 27.00M | 12.00M | 3.00M | — |
| Other current assets | 14.00M | 1.00M | 5.00M | 13.00M | 17.00M |
| Non current assets | |||||
| Properties | 499.00M | 469.00M | 470.00M | 452.00M | 383.00M |
| Land and improvements | 14.00M | 15.00M | 16.00M | 17.00M | 16.00M |
| Machinery furniture equipment | 815.00M | 772.00M | 783.00M | 779.00M | 696.00M |
| Construction in progress | 96.00M | 97.00M | 87.00M | 86.00M | 100.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.06B | -983.00M | -969.00M | -946.00M | -830.00M |
| Goodwill | 386.00M | 386.00M | 386.00M | 386.00M | 386.00M |
| Investment properties | — | — | — | — | — |
| Financial assets | 83.00M | 150.00M | 37.00M | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 29.00M | 30.00M | 28.00M | 30.00M | 36.00M |
| Other non current assets | 288.00M | 315.00M | 386.00M | 374.00M | 377.00M |
| Total liabilities | 3.26B | 2.75B | 3.17B | 5.33B | 4.41B |
| Current liabilities | |||||
| Accounts payable | 1.07B | 1.05B | 1.01B | 1.02B | 1.01B |
| Accrued expenses | 78.00M | 74.00M | 90.00M | 48.00M | 103.00M |
| Short term debt | 16.00M | 16.00M | 16.00M | 575.00M | 12.00M |
| Deferred revenue | 15.00M | 29.00M | 23.00M | 8.00M | 12.00M |
| Tax payable | 42.00M | 39.00M | 25.00M | 37.00M | 33.00M |
| Pensions | 80.00M | 69.00M | 76.00M | 62.00M | 64.00M |
| Other current liabilities | 12.00M | 8.00M | 200.00M | — | — |
| Non current liabilities | |||||
| Long term debt | 1.68B | 1.18B | 1.22B | 1.10B | 1.44B |
| Provision for risks and charges | 106.00M | 107.00M | 106.00M | 45.00M | 1.36B |
| Deferred liabilities | 27.00M | 25.00M | 21.00M | 2.00M | 51.00M |
| Derivative product liabilities | 20.00M | — | — | 22.00M | 2.00M |
| Other non current liabilities | 36.00M | 41.00M | 60.00M | 2.31B | 71.00M |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -1.92B | -1.49B | -1.79B | -2.21B | -2.28B |
| Other shareholders equity | -3.00M | 36.00M | -4.00M | -129.00M | 130.00M |
| Total shareholders equity | -735.00M | -116.00M | -468.00M | -2.31B | -2.13B |
| Additional paid in capital | 1.19B | 1.33B | 1.33B | 28.00M | 19.00M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 261.00M | 390.00M | 495.00M | 80.00M | 313.00M | 1.21B | -983.00M | 199.00M | 254.00M |
| Depreciation | 90.00M | 84.00M | 92.00M | 86.00M | 73.00M | 72.00M | 64.00M | 59.00M | 64.00M |
| Deferred Taxes | 24.00M | 46.00M | -36.00M | -34.00M | -41.00M | -931.00M | 973.00M | -39.00M | -2.00M |
| Stock-Based Compensation | 14.00M | 11.00M | 7.00M | 10.00M | 18.00M | 21.00M | 15.00M | 12.00M | 10.00M |
| Other Non-Cash Items | 27.00M | -10.00M | -420.00M | 111.00M | 28.00M | 39.00M | -2.00M | -24.00M | 12.00M |
| Accounts Receivable | 1.00M | -102.00M | 18.00M | -162.00M | 32.00M | 27.00M | -42.00M | -87.00M | 2.00M |
| Accounts Payable | 8.00M | 108.00M | -75.00M | 41.00M | 87.00M | 63.00M | 88.00M | 82.00M | 45.00M |
| Other Assets & Liabilities | — | -46.00M | 24.00M | -55.00M | -122.00M | -72.00M | -100.00M | 67.00M | -1.00M |
| Operating Cash Flow | 425.00M | 481.00M | 105.00M | 77.00M | 388.00M | 425.00M | 13.00M | 269.00M | 384.00M |
| Investing Activities | |||||||||
| Capital Expenditures | — | — | — | -80.00M | -102.00M | -95.00M | -103.00M | -84.00M | -50.00M |
| Net Intangibles | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | -21.00M | -651.00M | -659.00M | -543.00M |
| Sale of Investments | 28.00M | — | 1.00M | — | — | 312.00M | 712.00M | 575.00M | 444.00M |
| Investing Cash Flow | 28.00M | — | 2.00M | -80.00M | -86.00M | 192.00M | 30.00M | -182.00M | -144.00M |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | 667.00M | — | 1.22B | 1.65B | 745.00M | 1.96B | 671.00M | 656.00M | 657.00M |
| Long-Term Debt Payments | -209.00M | -11.00M | -2.09B | -1.10B | -908.00M | -1.13B | -670.00M | -655.00M | -656.00M |
| Other Financing Charges | -1.00M | -4.00M | -69.00M | -17.00M | — | -1.49B | -19.00M | -95.00M | -705.00M |
| Financing Cash Flow | -403.00M | -486.00M | 139.00M | 530.00M | -163.00M | -958.00M | 60.00M | -149.00M | -275.00M |
| Other Cash Details | |||||||||
| End Cash Position | 260.00M | 248.00M | 464.00M | 693.00M | 187.00M | 196.00M | 300.00M | 119.00M | 146.00M |
| Income Tax Paid | 60.00M | 42.00M | 61.00M | 44.00M | 93.00M | 76.00M | 430.00M | 73.00M | 103.00M |
| Interest Paid | 89.00M | 65.00M | 61.00M | 63.00M | 54.00M | 12.00M | 5.00M | 5.00M | 5.00M |
| Free Cash Flow | 382.00M | 284.00M | -382.00M | -55.00M | 140.00M | 278.00M | -32.00M | 221.00M | 317.00M |
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