BWA Financials Borgwarner Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:30 UTC Overview →

Growth & profitability

Revenue has grown 7.1% per year over the past 5 years.
Net income has grown slower than revenue (-11.1% vs 7.1% per year).
Operating margin has contracted, at 3.7% in the latest year.
Free cash flow has grown 14.1% per year over the past 5 years.

Financial health

Total debt ($3.9B) exceeds cash ($2.3B); net debt is $1.6B.
Total debt has grown slower than revenue (0.8% vs 7.1% per year).
Total debt is 3.1× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 43.0% of earnings and 10.1% of free cash flow.
The dividend has declined 4.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$14.3B	$277M	18.7%	3.7%	5.1%	2.0%	$1.2B	$3.9B	$2.3B
2024	$14.1B	$338M	18.8%	3.9%	6.1%	2.4%	$711M	$4.1B	$2.1B
2023	$14.2B	$625M	18.1%	8.2%	10.7%	4.3%	$565M	$3.7B	$1.5B
2022	$12.6B	$944M	18.7%	8.0%	13.1%	5.6%	$558M	$4.1B	$1.3B
2021	$11.8B	$537M	18.4%	7.7%	7.7%	3.2%	$696M	$4.3B	$1.8B
2020	$10.2B	$500M	18.8%	6.1%	7.8%	3.1%	—	$3.7B	$1.6B
2019	$10.2B	$746M	20.7%	12.8%	15.9%	7.7%	—	$2.0B	$832M
2018	$10.5B	$931M	21.2%	11.3%	22.0%	9.2%	—	$2.1B	$739M
2017	—	$440M	—	—	11.8%	4.5%	—	$2.1B	$545M
2016	—	$595M	—	—	18.5%	6.7%	—	$2.1B	$444M
2015	—	$577M	—	—	16.2%	6.3%	—	$2.3B	—
2014	—	$656M	—	—	18.1%	9.1%	—	$739M	—
2013	—	$624M	—	—	17.5%	9.0%	—	$1.0B	—
2012	—	$501M	—	—	16.2%	7.8%	—	$828M	—
2011	—	$550M	—	—	23.0%	9.2%	—	$1.1B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$3.5B	$221M	19.0%	8.7%	3.9%	1.7%	$195M	$3.0B	$1.6B
Jun '26	$3.6B	$277M	19.8%	10.1%	4.9%	2.0%	$490M	$3.9B	—
Mar '26	$3.5B	$242M	19.2%	9.5%	4.4%	1.8%	$9M	$3.9B	—
Dec '25	$3.6B	-$262M	20.5%	-6.7%	-4.8%	-1.9%	—	$3.9B	$2.3B
Sep '25	$3.6B	$158M	18.5%	6.9%	2.6%	1.1%	$257M	$3.9B	—
Jun '25	$3.6B	$224M	17.6%	7.9%	3.8%	1.6%	$502M	$3.9B	—
Mar '25	$3.5B	$157M	18.2%	6.7%	2.7%	1.1%	-$37M	$3.8B	—
Dec '24	$3.4B	-$405M	19.9%	-9.2%	-7.3%	-2.9%	—	$4.1B	$2.1B
Sep '24	$3.4B	$234M	18.4%	7.8%	3.8%	1.5%	—	$4.5B	$2.0B
Jun '24	$3.6B	$303M	19.0%	8.2%	5.0%	2.1%	—	$3.7B	$1.3B
Mar '24	$3.6B	$206M	17.9%	8.2%	3.5%	1.5%	—	$3.7B	$1.0B
Dec '23	$3.5B	$154M	18.7%	8.0%	2.6%	1.1%	—	$3.7B	$1.5B
Sep '23	$3.6B	$50M	18.0%	7.5%	0.9%	0.4%	—	$3.7B	$949M
Jun '23	$3.7B	$204M	18.5%	9.1%	2.7%	1.2%	$80M	$4.2B	$848M
Mar '23	$3.4B	$217M	17.1%	8.1%	2.9%	1.3%	-$251M	$4.2B	$950M
Dec '22	$3.3B	$254M	19.3%	8.0%	3.5%	1.5%	$695M	$4.1B	$1.3B
Sep '22	$3.2B	$275M	18.8%	8.2%	4.1%	1.7%	$251M	$4.1B	$1.2B
Jun '22	$3.8B	$215M	18.9%	7.2%	3.1%	1.3%	$62M	$4.2B	$1.4B
Mar '22	$3.9B	$200M	19.4%	9.1%	2.8%	1.2%	-$61M	$4.2B	$1.5B
Dec '21	$3.7B	$129M	17.1%	4.9%	1.9%	0.8%	$370M	$4.3B	$1.8B

Valuation over time

How the market has priced BWA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 10.4× (Mar '23) to 37.5× (Nov '26).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.7× (Nov '26).
The dividend yield has fallen from 1.6% (Mar '23) to 1.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is BWA growing its revenue and profit?

Over the past 5 years, Borgwarner Inc's revenue has grown 7.1% per year, and net income declined 11.1% per year. These are computed facts, not advice.

How much debt does BWA have?

As of FY2025, Borgwarner Inc reported $3.9B of total debt against $2.3B of cash.

What is BWA's profit margin?

In FY2025, gross margin was 18.7%, operating margin 3.7%, and net margin 1.9%.

What is BWA's P/E ratio?

Borgwarner Inc's P/E (TTM) is 21.73 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BWA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.