BorgWarner Inc.
Financial Performance
BorgWarner Revenue & Financials
Revenue
$14.3B (FY2025)
Market Cap
$12.4B
Net Income
$277M
Employees
37,500
What is BorgWarner's revenue?
BorgWarner had $14.3B in revenue for fiscal year 2025, up 1.6% from 2024. Net income was $277M.
- Latest revenue
- $14.3B (FY2025)
- Year-over-year
- +1.6%
- Growth rate (CAGR)
- 4.9% over 4 years
- Peak revenue
- $14.3B (FY2025)
- Years of data
- 5
- Employees
- 37,500
Financial Analysis
BorgWarner's revenue has been flat for three years: $14.198 billion in 2023, $14.086 billion in 2024 and $14.316 billion in 2025, as weaker industry production offset eProduct growth. Profit has swung on non-cash charges. Net earnings attributable to the company fell from $625 million in 2023 to $338 million in 2024 and $277 million in 2025, driven by impairments of $646 million and $624 million. Underneath, the business improved: the adjusted operating margin rose 60 basis points to 10.7% in 2025, adjusted EPS grew about 14% to $4.91, operating cash flow reached $1.648 billion and free cash flow rose about 66% to $1.208 billion. BorgWarner returned about $630 million to shareholders in 2025, including more than $500 million of buybacks. In Q2 2026 net sales were $3.648 billion, the adjusted operating margin was 11.3%, and the board added $1 billion to the repurchase authorization, bringing it to about $1.35 billion through 2029. BorgWarner Inc. is a leading tier-one automotive supplier, sustaining a solid market valuation generally over $8 billion.
Revenue Trend Analysis
YoY Change
+1.6%
4-Year CAGR
+4.9%
Peak Year
2025
Trend
Consistent Growth
BorgWarner Inc. has 5 full fiscal year figures on this page, compounding at +4.9% annually over 4 years. The most recent year saw a 1.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $14.3B. Of 4 comparable year-over-year steps, 3 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $14.3B | $536Mfiling | $277M | +1.6% | sec.gov Net sales of $14.316B (+1.6%); net earnings attributable to BorgWarner Inc. of $277M after $624M of impairment charges. Adjusted operating margin 10.7%. |
| FY2024 | $14.1B | $546Mfiling | $338M | -0.8% | data.sec.gov Net sales of $14.086B; net earnings attributable of $338M after $646M of impairment charges. |
| FY2023 | $14.2B | $1.2Bfiling | $625M | +12.4% | data.sec.gov Net sales of $14.198B from continuing operations; PHINIA was spun off on July 3, 2023. |
| FY2022 | $12.6B | $1Bfiling | $944M | +7.0% | BORGWARNER INC. annual report (SEC EDGAR, filed 2024-02-08) Fiscal year ended 2022-12-31. Figure as presented in the annual report filed 2024-02-08. |
| FY2021 | $11.8B | $914M | $537M | — | BORGWARNER INC. annual report (SEC EDGAR, filed 2024-02-08) Fiscal year ended 2021-12-31. Figure as presented in the annual report filed 2024-02-08. |
Click any row to see year details.
BorgWarner Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | — | $13.8B | $8.2B | $5.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | — | $14B | $8.3B | $5.5B | Form 10-K |
| FY2023ended Dec 31, 2023 | — | $14.5B | $8.4B | $5.8B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.6B | $17B | $9.5B | $7.2B | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.3B | $16.6B | $9.3B | $6.9B | Form 10-K |
Keep researching BorgWarner
BorgWarner Revenue and Financial FAQ
What was BorgWarner's revenue in 2025?
BorgWarner reported FY2025 net sales of $14.316 billion, up 1.6% from $14.086 billion in 2024. Excluding currency effects, organic sales rose 0.5%.
Is BorgWarner profitable?
Yes. Net earnings attributable to BorgWarner were $277 million in 2025, or $1.28 per diluted share, after $624 million of impairment charges. Adjusted EPS was $4.91, up about 14%, and the adjusted operating margin was 10.7%.
How much free cash flow does BorgWarner generate?
BorgWarner generated $1.648 billion of operating cash flow and $1.208 billion of free cash flow in 2025. Free cash flow was up about 66% from 2024.
How much does BorgWarner return to shareholders?
BorgWarner returned about $630 million in 2025, including more than $500 million of share repurchases. In 2026 the board added $1 billion to the buyback authorization, bringing it to about $1.35 billion through 2029.
What is BorgWarner's 2026 guidance?
As of August 2026 BorgWarner expects 2026 net sales of $14.0 to $14.3 billion, an adjusted operating margin of 10.7% to 10.9%, adjusted EPS of $5.05 to $5.30 and free cash flow of $900 million to $1.1 billion.
How did BorgWarner do in Q2 2026?
Q2 2026 net sales were $3.648 billion, up 0.3% year over year. Net earnings were $277 million, adjusted EPS was $1.42 (up 17.4%) and free cash flow was $492 million.
What is BorgWarner's market cap?
BorgWarner's market capitalization was about $12.45 billion on September 24, 2026, according to TipRanks market data. Shares trade on the NYSE as BWA.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "BorgWarner Revenue & Financials." CorpDigest, https://corpdigest.com/company/borgwarner/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>BorgWarner reported $14.3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/borgwarner/financials" target="_blank" rel="noopener">CorpDigest — BorgWarner financials</a></div>Related Financial Audits
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