B

BORGWARNER INC

BWA · CIK 0000908255

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$14.32B1.6%
FY2025
Net income (FY)
$277.0M18.0%
FY2025
Free cash flow (FY)
$1.18B65.8%
FY2025
Diluted EPS (FY)
$1.2814.7%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2007 · Revenue $5.33B · Net income $288.5M · 0000950123-10-011337 · filed 2010-02-11FY07Revenue $5.33BNet income $288.5M0000950123-10-011337 · filed 2010-02-11FY2008 · Revenue $5.26B · Net income −$35.6M · 0000950123-11-011507 · filed 2011-02-10FY08Revenue $5.26BNet income −$35.6M0000950123-11-011507 · filed 2011-02-10FY2009 · Revenue $3.96B · Net income $27.0M · 0000908255-12-000008 · filed 2012-02-14FY09Revenue $3.96BNet income $27.0M0000908255-12-000008 · filed 2012-02-14FY2010 · Revenue $5.65B · Net income $377.4M · 0000908255-13-000006 · filed 2013-02-14FY10Revenue $5.65BNet income $377.4M0000908255-13-000006 · filed 2013-02-14FY2011 · Revenue $7.11B · Net income $550.1M · 0000908255-14-000012 · filed 2014-02-13FY11Revenue $7.11BNet income $550.1M0000908255-14-000012 · filed 2014-02-13FY2012 · Revenue $7.18B · Net income $500.9M · 0000908255-15-000012 · filed 2015-02-12FY12Revenue $7.18BNet income $500.9M0000908255-15-000012 · filed 2015-02-12FY2013 · Revenue $7.44B · Net income $624.3M · 0000908255-16-000077 · filed 2016-02-11FY13Revenue $7.44BNet income $624.3M0000908255-16-000077 · filed 2016-02-11FY2014 · Revenue $8.31B · Net income $655.8M · 0000908255-17-000011 · filed 2017-02-09FY14Revenue $8.31BNet income $655.8M0000908255-17-000011 · filed 2017-02-09FY2015 · Revenue $8.02B · Net income $609.7M · 0000908255-18-000017 · filed 2018-02-08FY15Revenue $8.02BNet income $609.7M0000908255-18-000017 · filed 2018-02-08FY2016 · Revenue $9.07B · Net income $595.0M · 0000908255-19-000014 · filed 2019-02-19FY16Revenue $9.07BNet income $595.0M0000908255-19-000014 · filed 2019-02-19FY2017 · Revenue $9.80B · Net income $440.0M · 0000908255-20-000014 · filed 2020-02-13FY17Revenue $9.80BNet income $440.0M0000908255-20-000014 · filed 2020-02-13FY2018 · Revenue $10.53B · Net income $931.0M · 0000908255-21-000008 · filed 2021-02-22FY18Revenue $10.53BNet income $931.0M0000908255-21-000008 · filed 2021-02-22FY2019 · Revenue $10.17B · Net income $746.0M · 0000908255-22-000009 · filed 2022-02-15FY19Revenue $10.17BNet income $746.0M0000908255-22-000009 · filed 2022-02-15FY2020 · Revenue $10.16B · Net income $500.0M · 0000908255-23-000013 · filed 2023-02-09FY20Revenue $10.16BNet income $500.0M0000908255-23-000013 · filed 2023-02-09FY2021 · Revenue $11.80B · Net income $537.0M · 0000908255-24-000007 · filed 2024-02-08FY21Revenue $11.80BNet income $537.0M0000908255-24-000007 · filed 2024-02-08FY2022 · Revenue $12.63B · Net income $944.0M · 0000908255-25-000007 · filed 2025-02-06FY22Revenue $12.63BNet income $944.0M0000908255-25-000007 · filed 2025-02-06FY2023 · Revenue $14.20B · Net income $625.0M · 0000908255-26-000011 · filed 2026-02-11FY23Revenue $14.20BNet income $625.0M0000908255-26-000011 · filed 2026-02-11FY2024 · Revenue $14.09B · Net income $338.0M · 0000908255-26-000011 · filed 2026-02-11FY24Revenue $14.09BNet income $338.0M0000908255-26-000011 · filed 2026-02-11FY2025 · Revenue $14.32B · Net income $277.0M · 0000908255-26-000011 · filed 2026-02-11FY25Revenue $14.32BNet income $277.0M0000908255-26-000011 · filed 2026-02-11FY25Revenue $14.32BNet income $277.0M0000908255-26-000011 · filed 2026-02-11FY07FY10FY13FY16FY19FY22FY25

revenue 2.7× since FY2007 · net margin 5.4% → 1.9%

MarginsNet marginFCF margin
0%5%FY2007 · Net margin 5.4% · FCF margin 5.8%FY07Net margin 5.4%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin -0.7% · FCF margin 0.6%FY08Net margin -0.7%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 0.7% · FCF margin 4.5%FY09Net margin 0.7%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 6.7% · FCF margin 4.6%FY10Net margin 6.7%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.7% · FCF margin 4.4%FY11Net margin 7.7%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 7.0% · FCF margin 6.6%FY12Net margin 7.0%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 8.4% · FCF margin 4.0%FY13Net margin 8.4%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 7.9% · FCF margin 2.9%FY14Net margin 7.9%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 7.6% · FCF margin 3.6%FY15Net margin 7.6%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 6.6% · FCF margin 5.9%FY16Net margin 6.6%FCF margin 5.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 4.5% · FCF margin 6.3%FY17Net margin 4.5%FCF margin 6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 8.8% · FCF margin 5.5%FY18Net margin 8.8%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 7.3% · FCF margin 5.2%FY19Net margin 7.3%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 4.9% · FCF margin 7.3%FY20Net margin 4.9%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 4.5% · FCF margin 6.7%FY21Net margin 4.5%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 7.5% · FCF margin 7.5%FY22Net margin 7.5%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 4.4% · FCF margin 4.0%FY23Net margin 4.4%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 2.4% · FCF margin 5.0%FY24Net margin 2.4%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 1.9% · FCF margin 8.2%FY25Net margin 1.9%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 1.9%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 1.9% · free cash flow 8.2% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1B$1.5BFY2007 · OCF $603.5M · FCF $309.6M · 0000950123-10-011337 · filed 2010-02-11FY07OCF $603.5MFCF $309.6M0000950123-10-011337 · filed 2010-02-11FY2008 · OCF $400.8M · FCF $31.1M · 0000950123-11-011507 · filed 2011-02-10FY08OCF $400.8MFCF $31.1M0000950123-11-011507 · filed 2011-02-10FY2009 · OCF $351.0M · FCF $179.0M · 0000908255-12-000008 · filed 2012-02-14FY09OCF $351.0MFCF $179.0M0000908255-12-000008 · filed 2012-02-14FY2010 · OCF $538.9M · FCF $262.3M · 0000908255-13-000006 · filed 2013-02-14FY10OCF $538.9MFCF $262.3M0000908255-13-000006 · filed 2013-02-14FY2011 · OCF $708.2M · FCF $314.5M · 0000908255-14-000012 · filed 2014-02-13FY11OCF $708.2MFCF $314.5M0000908255-14-000012 · filed 2014-02-13FY2012 · OCF $878.7M · FCF $471.3M · 0000908255-15-000012 · filed 2015-02-12FY12OCF $878.7MFCF $471.3M0000908255-15-000012 · filed 2015-02-12FY2013 · OCF $718.8M · FCF $301.0M · 0000908255-16-000077 · filed 2016-02-11FY13OCF $718.8MFCF $301.0M0000908255-16-000077 · filed 2016-02-11FY2014 · OCF $801.8M · FCF $238.8M · 0000908255-17-000011 · filed 2017-02-09FY14OCF $801.8MFCF $238.8M0000908255-17-000011 · filed 2017-02-09FY2015 · OCF $867.9M · FCF $290.6M · 0000908255-18-000017 · filed 2018-02-08FY15OCF $867.9MFCF $290.6M0000908255-18-000017 · filed 2018-02-08FY2016 · OCF $1.04B · FCF $535.1M · 0000908255-19-000014 · filed 2019-02-19FY16OCF $1.04BFCF $535.1M0000908255-19-000014 · filed 2019-02-19FY2017 · OCF $1.18B · FCF $620.0M · 0000908255-20-000014 · filed 2020-02-13FY17OCF $1.18BFCF $620.0M0000908255-20-000014 · filed 2020-02-13FY2018 · OCF $1.13B · FCF $580.0M · 0000908255-21-000008 · filed 2021-02-22FY18OCF $1.13BFCF $580.0M0000908255-21-000008 · filed 2021-02-22FY2019 · OCF $1.01B · FCF $527.0M · 0000908255-22-000009 · filed 2022-02-15FY19OCF $1.01BFCF $527.0M0000908255-22-000009 · filed 2022-02-15FY2020 · OCF $1.18B · FCF $743.0M · 0000908255-23-000013 · filed 2023-02-09FY20OCF $1.18BFCF $743.0M0000908255-23-000013 · filed 2023-02-09FY2021 · OCF $1.31B · FCF $792.0M · 0000908255-23-000013 · filed 2023-02-09FY21OCF $1.31BFCF $792.0M0000908255-23-000013 · filed 2023-02-09FY2022 · OCF $1.57B · FCF $947.0M · 0000908255-23-000013 · filed 2023-02-09FY22OCF $1.57BFCF $947.0M0000908255-23-000013 · filed 2023-02-09FY2023 · OCF $1.40B · FCF $565.0M · 0000908255-26-000011 · filed 2026-02-11FY23OCF $1.40BFCF $565.0M0000908255-26-000011 · filed 2026-02-11FY2024 · OCF $1.38B · FCF $711.0M · 0000908255-26-000011 · filed 2026-02-11FY24OCF $1.38BFCF $711.0M0000908255-26-000011 · filed 2026-02-11FY2025 · OCF $1.65B · FCF $1.18B · 0000908255-26-000011 · filed 2026-02-11FY25OCF $1.65BFCF $1.18B0000908255-26-000011 · filed 2026-02-11FY25OCF $1.65BFCF $1.18B0000908255-26-000011 · filed 2026-02-11’09’13’17’21’25

FY2025: $1.65B operating cash − $469.0M capex = $1.18B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2008 · ROE -1.8% · ROA -0.8%FY08ROE -1.8%ROA -0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 1.2% · ROA 0.6%FY09ROE 1.2%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 16.7% · ROA 6.8%FY10ROE 16.7%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 23.0% · ROA 9.2%FY11ROE 23.0%ROA 9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 16.2% · ROA 7.8%FY12ROE 16.2%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 17.5% · ROA 9.0%FY13ROE 17.5%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 18.1% · ROA 9.1%FY14ROE 18.1%ROA 9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 17.2% · ROA 6.9%FY15ROE 17.2%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 18.5% · ROA 6.7%FY16ROE 18.5%ROA 6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 11.8% · ROA 4.5%FY17ROE 11.8%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 22.0% · ROA 9.2%FY18ROE 22.0%ROA 9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 15.9% · ROA 7.7%FY19ROE 15.9%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 7.8% · ROA 3.1%FY20ROE 7.8%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 7.7% · ROA 3.2%FY21ROE 7.7%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 13.1% · ROA 5.6%FY22ROE 13.1%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 10.7% · ROA 4.3%FY23ROE 10.7%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 6.1% · ROA 2.4%FY24ROE 6.1%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 5.1% · ROA 2.0%FY25ROE 5.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 5.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -2% (FY2008) → 5% (FY2025) · on assets 2.0%

Balance sheetLiabilitiesEquity
$0$5B$10B$15BFY2020 · Liabilities $9.30B · Equity $6.43BFY20Liabilities $9.30BEquity $6.43B0000908255-22-000009 · filed 2022-02-15FY2021 · Liabilities $9.31B · Equity $6.95BFY21Liabilities $9.31BEquity $6.95B0000908255-23-000013 · filed 2023-02-09FY2022 · Liabilities $9.49B · Equity $7.22BFY22Liabilities $9.49BEquity $7.22B0000908255-24-000007 · filed 2024-02-08FY2023 · Liabilities $8.39B · Equity $5.83BFY23Liabilities $8.39BEquity $5.83B0000908255-25-000007 · filed 2025-02-06FY2024 · Liabilities $8.29B · Equity $5.53BFY24Liabilities $8.29BEquity $5.53B0000908255-26-000011 · filed 2026-02-11FY2025 · Liabilities $8.15B · Equity $5.44BFY25Liabilities $8.15BEquity $5.44B0000908255-26-000011 · filed 2026-02-11FY25Liabilities $8.15BEquity $5.44B0000908255-26-000011 · filed 2026-02-11’21’23’25

FY2025: $13.77B assets · $8.15B liabilities · $5.44B equity

The receipts