
BorgWarner Income Statement 2025-2006 | BWA
Brief overview of financial results at BorgWarner
This overview is based on financial performance over the past five years. The revenue attributed to BorgWarner moved from 10.2 billion dollars to 14.3 billion dollars between the two endpoints. The total change was +40.8%, with a CAGR of approximately 7.1%. The company expanded at a measured pace.
Gross profit was $1.9 billion at the start and $2.7 billion at the end of the period (+40%). There was no major divergence between sales and cost of revenue. Gross profit as a share of revenue changed from 18.8% to 18.7%. The gross margin stayed within a similar range.
EBITDA changed from $1.2 billion to $1.3 billion (+5.8%). EBITDA lagged revenue, showing weaker operating momentum. The EBITDA share of revenue changed from 11.7% to 8.8%. Cost pressure reduced operating profitability.
The net result moved from 500 million dollars to 277 million dollars, or −44.6%. Lower net income weakens the overall financial picture.
The market value of the business moved from $8.7 billion to $14.2 billion, or +62.9%. The higher valuation contrasts with weaker financial performance.
Financial takeaway
The results present an uneven picture without one dominant signal. The strongest signals are consistent sales economics and a larger revenue base. Caution is warranted because of a declining EBITDA margin and lower net income. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement BorgWarner
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.2 B | 6.78 B | 7.29 B | 11.4 B | 10.4 B | 8.74 B | 7.24 B | 8.43 B | 11.9 B | 8.61 B | 6.44 B | 12.2 B | 12.4 B | 8.47 B | 8.17 B | 1.83 B | 1.77 B | 2.59 B | 2.14 B | - |
Shares |
214 M | 224 M | 233 M | 236 M | 238 M | 213 M | 206 M | 208 M | 210 M | 212 M | 219 M | 226 M | 228 M | 225 M | 217 M | 114 M | 117 M | 116 M | 116 M | - |
Historical Prices |
66.5 | 30.3 | 31.3 | 48.5 | 43.5 | 41 | 32.9 | 38.5 | 52.2 | 37.4 | 26.5 | 48.3 | 47.6 | 32.7 | 32.9 | 16 | 15.2 | 22.4 | 18.4 | 14.3 |
Net Income |
277 M | 338 M | 625 M | 944 M | 537 M | 500 M | 746 M | 931 M | 440 M | 118 M | 610 M | 656 M | 624 M | 501 M | 550 M | 377 M | 27 M | -35.6 M | 288 M | - |
Revenue |
14.3 B | 14.1 B | 14.2 B | 12.6 B | 11.8 B | 10.2 B | 10.2 B | 10.5 B | 9.8 B | 9.07 B | 8.02 B | 8.31 B | 7.44 B | 7.18 B | 7.11 B | - | - | - | - | - |
Cost of Revenue |
11.6 B | 11.4 B | 11.6 B | 10.3 B | 9.63 B | 8.26 B | 8.07 B | 8.3 B | 7.68 B | 7.14 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
2.67 B | 2.65 B | 2.57 B | 2.37 B | 2.17 B | 1.91 B | 2.1 B | 2.23 B | 2.12 B | 1.93 B | 1.7 B | 1.76 B | 1.56 B | 1.47 B | 1.41 B | 1.09 B | 561 M | 838 M | 950 M | - |
Operating Income |
536 M | 546 M | 1.16 B | 1.01 B | 914 M | 618 M | 1.3 B | 1.19 B | 1.07 B | 973 M | 888 M | 964 M | 855 M | 753 M | 798 M | 504 M | 50.8 M | 7.3 M | 418 M | - |
Interest Expense |
-39 M | -20 M | -10 M | -51 M | -91 M | -61 M | - | -3.3 M | 300 K | 4.2 M | 1 M | 10.4 M | 6.9 M | -300 K | 500 K | - | - | - | - | - |
EBITDA |
1.26 B | 1.22 B | 1.74 B | 1.56 B | 1.49 B | 1.19 B | 1.67 B | 1.72 B | 1.63 B | 1.51 B | 1.34 B | 1.38 B | 1.21 B | 1.11 B | 1.07 B | 757 M | 312 M | 267 M | 661 M | - |
Operating Expenses |
- | - | - | - | - | - | 873 M | 942 M | 898 M | 818 M | 688 M | 702 M | 646 M | 647 M | 621 M | - | - | - | - | - |
General and Administrative Expenses |
1.3 B | 1.35 B | 1.32 B | 1.29 B | 1.08 B | 951 M | 873 M | 946 M | 898 M | 818 M | 688 M | 702 M | 646 M | 647 M | 621 M | 567 M | 460 M | - | - | - |
All numbers in USD currency
Quarterly Income Statement BorgWarner
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
205 M | 214 M | 216 M | 217 M | 223 M | 226 M | 228 M | 233 M | 233 M | 233 M | - | 234 M | 237 M | 238 M | - | 238 M | 238 M | 238 M | 239 M | 206 M | 206 M | 206 M | 206 M | 205 M | 206 M | 206 M | 208 M | 208 M | 209 M | 210 M | 211 M | 210 M | 211 M | 212 M | 212 M | 213 M | 216 M | 217 M | 219 M | 225 M | 225 M | 226 M | 226 M | 227 M | 228 M | 227 M | 228 M | 228 M | 229 M | 230 M | 231 M | 114 M | 112 M | 108 M | 109 M | 109 M | 109 M | 111 M | 113 M | 115 M | 116 M | 117 M | 117 M |
Net Income |
242 M | 158 M | 224 M | 157 M | 234 M | 303 M | 206 M | 50 M | 204 M | 217 M | - | 273 M | 216 M | 200 M | - | 96 M | 247 M | 65 M | - | 111 M | -98 M | 129 M | 220 M | 194 M | 172 M | 160 M | 230 M | 204 M | 272 M | 225 M | -146 M | 185 M | 212 M | 189 M | 182 M | 84.3 M | 164 M | 164 M | 125 M | 157 M | 148 M | 179 M | 140 M | 167 M | 190 M | 159 M | 141 M | 167 M | 174 M | 142 M | 121 M | 101 M | 121 M | 158 M | 122 M | 142 M | 162 M | 124 M | 107 M | 82.8 M | 76.2 M | 17.2 M | -35.9 M |
Revenue |
3.53 B | 3.59 B | 3.64 B | 3.52 B | 3.45 B | 3.6 B | 3.6 B | 3.62 B | 3.67 B | 3.38 B | - | 3.23 B | 3.76 B | 3.87 B | - | 3.42 B | 3.76 B | 4.01 B | - | 2.53 B | 1.43 B | 2.28 B | 2.56 B | 2.49 B | 2.55 B | 2.57 B | 2.57 B | 2.48 B | 2.69 B | 2.78 B | 2.59 B | 2.42 B | 2.39 B | 2.41 B | 11.3 M | -12.4 M | 10.1 M | 2.27 B | 11.7 M | 1.88 B | 2.03 B | 1.98 B | 11.5 M | 2.03 B | 2.2 B | 2.08 B | 12.3 M | 1.81 B | 1.89 B | 1.85 B | 10 M | 1.7 B | 1.86 B | 1.91 B | 10.2 M | 1.79 B | 1.82 B | 1.73 B | - | - | - | - | - |
Cost of Revenue |
2.86 B | 2.93 B | 3 B | 2.88 B | 2.81 B | 2.92 B | 2.95 B | 2.97 B | 2.99 B | 2.81 B | - | 2.62 B | 3.05 B | 3.12 B | - | 2.77 B | 3 B | 3.19 B | - | 2.02 B | 1.25 B | 1.83 B | 2.01 B | 1.97 B | 2.04 B | 2.05 B | 2.03 B | 1.96 B | 2.11 B | 2.19 B | 2.02 B | 1.89 B | 1.88 B | 1.89 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
677 M | 664 M | 640 M | 639 M | 636 M | 685 M | 644 M | 652 M | 680 M | 577 M | - | 607 M | 712 M | 750 M | - | 650 M | 762 M | 818 M | - | 517 M | 174 M | 447 M | 545 M | 524 M | 513 M | 519 M | 544 M | 515 M | 580 M | 591 M | 565 M | 522 M | 513 M | 516 M | 501 M | 471 M | 497 M | 464 M | 447 M | 398 M | 429 M | 429 M | 413 M | 424 M | 473 M | 446 M | 407 M | 380 M | 397 M | 375 M | 344 M | 344 M | 383 M | 396 M | 360 M | 351 M | 357 M | 343 M | 273 M | 275 M | 238 M | 152 M | 116 M |
Operating Income |
336 M | 248 M | 289 M | 237 M | 270 M | 297 M | 295 M | 272 M | 333 M | 274 M | - | 265 M | 272 M | 352 M | - | 253 M | 317 M | 403 M | - | 284 M | -78 M | 198 M | 478 M | 276 M | 285 M | 264 M | 266 M | 278 M | 313 M | 333 M | 208 M | 275 M | 298 M | 292 M | 293 M | 152 M | 269 M | 264 M | 200 M | 237 M | 242 M | 260 M | 212 M | 238 M | 281 M | 233 M | 188 M | 226 M | 243 M | 198 M | 171 M | 163 M | 194 M | 226 M | 191 M | 199 M | 228 M | 179 M | 123 M | 117 M | 107 M | 27.5 M | -49.5 M |
Interest Expense |
-11 M | -9 M | -12 M | -12 M | -4 M | -8 M | -5 M | 19 M | -12 M | -10 M | - | -12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
481 M | 467 M | 468 M | 392 M | 287 M | 457 M | 445 M | 289 M | 350 M | 399 M | - | 281 M | 299 M | 509 M | - | 773 M | 317 M | 598 M | - | 623 M | 146 M | 310 M | 478 M | 600 M | 499 M | 371 M | 266 M | 604 M | 531 M | 442 M | 208 M | 577 M | 495 M | 389 M | 293 M | 443 M | 463 M | 359 M | 200 M | 473 M | 400 M | 337 M | 212 M | 464 M | 432 M | 307 M | 188 M | 428 M | 381 M | 267 M | 171 M | 353 M | 320 M | 290 M | 191 M | 386 M | 353 M | 240 M | 294 M | 232 M | 164 M | 200 M | 64.6 M |
General and Administrative Expenses |
328 M | 341 M | 317 M | 315 M | 340 M | 341 M | 329 M | 330 M | 334 M | 299 M | - | 325 M | 394 M | 388 M | - | 343 M | 364 M | 377 M | - | 204 M | 184 M | 213 M | 205 M | 230 M | 212 M | 226 M | 226 M | 230 M | 237 M | 253 M | 240 M | 225 M | 215 M | 219 M | 217 M | 210 M | 202 M | 188 M | 178 M | 148 M | 167 M | 168 M | 169 M | 174 M | 181 M | 174 M | 167 M | 158 M | 156 M | 159 M | 156 M | 151 M | 153 M | 169 M | 147 M | 151 M | 158 M | 165 M | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company BorgWarner (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.