BorgWarner (BWA) Financials

$26.42 +0.23 (+0.88%)

As of 03:58 PM Eastern

Annual Income Statements for BorgWarner

This table shows BorgWarner's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	577	595	440	931	746	500	537	944	625	338
Consolidated Net Income / (Loss)	614	637	483	985	797	567	639	1,026	695	399
Net Income / (Loss) Continuing Operations	614	637	483	985	797	567	445	718	702	428
Total Pre-Tax Income	875	943	1,063	1,196	1,265	964	510	913	991	539
Total Operating Income	888	973	1,072	1,190	1,303	618	914	1,009	1,160	546
Total Gross Profit	1,703	1,929	2,115	2,230	2,101	1,910	2,173	2,369	2,568	2,648
Total Revenue	8,023	9,071	9,799	10,530	10,168	10,165	11,803	12,635	14,198	14,086
Operating Revenue	8,023	9,071	9,799	10,530	10,168	10,165	11,803	12,635	14,198	14,086
Total Cost of Revenue	6,320	7,142	7,684	8,300	8,067	8,255	9,630	10,266	11,630	11,438
Operating Cost of Revenue	6,320	7,142	7,684	8,300	8,067	8,255	9,630	10,266	11,630	11,438
Total Operating Expenses	815	956	1,043	1,040	798	1,292	1,259	1,360	1,408	2,102
Selling, General & Admin Expense	662	818	899	946	873	951	1,085	1,290	1,316	1,350
Other Operating Expenses / (Income)	153	138	144	94	-147	138	66	-8.00	-16	32
Impairment Charge	-	-	-	-	-	-	-	30	29	646
Restructuring Charge	-	-	-	-	72	203	108	48	79	74
Total Other Income / (Expense), net	-13	-31	-9.00	6.00	-38	346	-404	-96	-169	-7.00
Interest Expense	60	85	71	59	43	61	91	0.00	15	13
Interest & Investment Income	7.50	49	62	55	32	400	-320	-23	20	7.00
Other Income / (Expense), net	40	4.90	-	10	-27	7.00	7.00	-73	-174	-1.00
Income Tax Expense	262	306	580	211	468	397	65	195	289	111
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	194	308	-7.00	-29
Net Income / (Loss) Attributable to Noncontrolling Interest	37	42	43	54	51	67	102	82	70	61
Basic Earnings per Share	$2.57	$2.78	$2.09	$4.47	$3.63	$2.35	$2.25	$4.01	$2.68	$1.51
Weighted Average Basic Shares Outstanding	224.41M	214.37M	210.40M	208.20M	205.70M	213M	238.10M	235.50M	232.80M	223.50M
Diluted Earnings per Share	$2.56	$2.76	$2.08	$4.44	$3.61	$2.34	$2.24	$3.99	$2.67	$1.50
Weighted Average Diluted Shares Outstanding	225.65M	215.33M	211.50M	209.50M	206.80M	214M	239.50M	236.80M	234.40M	224.80M
Weighted Average Basic & Diluted Shares Outstanding	224.20M	215.50M	210.50M	208.20M	206.41M	239.02M	239.97M	234.13M	229.78M	218.68M
Cash Dividends to Common per Share	$0.52	$0.53	$0.59	$0.68	$0.00	$0.68	$0.68	$0.68	$0.56	$0.44

This table shows BorgWarner's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	273	255	217	204	50	154	206	303	234	-405
Consolidated Net Income / (Loss)	292	279	230	222	68	175	221	317	249	-388
Net Income / (Loss) Continuing Operations	192	71	181	246	105	170	228	329	257	-386
Total Pre-Tax Income	260	50	248	276	238	229	290	298	270	-319
Total Operating Income	265	120	274	333	272	281	295	297	270	-316
Total Gross Profit	607	300	577	680	652	659	644	685	636	683
Total Revenue	3,226	1,776	3,383	3,671	3,622	3,522	3,595	3,603	3,449	3,439
Operating Revenue	3,226	1,776	3,383	3,671	3,622	3,522	3,595	3,603	3,449	3,439
Total Cost of Revenue	2,619	1,476	2,806	2,991	2,970	2,863	2,951	2,918	2,813	2,756
Operating Cost of Revenue	2,619	1,476	2,806	2,991	2,970	2,863	2,951	2,918	2,813	2,756
Total Operating Expenses	342	180	303	347	380	378	349	388	366	999
Selling, General & Admin Expense	325	183	299	334	330	353	329	341	340	340
Other Operating Expenses / (Income)	12	-34	1.00	4.00	-6.00	-15	1.00	22	5.00	4.00
Restructuring Charge	5.00	1.00	3.00	9.00	56	11	19	25	21	9.00
Total Other Income / (Expense), net	-6.00	-69	-26	-57	-34	-52	-5.00	1.00	0.00	-3.00
Interest Expense	11	-32	10	3.00	3.00	-1.00	5.00	3.00	4.00	1.00
Interest & Investment Income	-	-	-14	-66	-41	141	3.00	-8.00	-2.00	14
Other Income / (Expense), net	5.00	-59	-2.00	12	10	-194	-3.00	12	6.00	-16
Income Tax Expense	68	-21	67	30	133	59	62	-31	13	67
Net Income / (Loss) Discontinued Operations	100	-	49	-24	-37	5.00	-7.00	-12	-8.00	-2.00
Net Income / (Loss) Attributable to Noncontrolling Interest	19	24	13	18	18	21	15	14	15	17
Basic Earnings per Share	$1.17	$1.08	$0.93	$0.88	$0.21	$0.66	$0.91	$1.34	$1.04	($1.81)
Weighted Average Basic Shares Outstanding	234.30M	235.50M	232.80M	233.40M	233.40M	232.80M	227.70M	226.10M	223.10M	223.50M
Diluted Earnings per Share	$1.15	$1.08	$0.93	$0.87	$0.21	$0.66	$0.90	$1.34	$1.04	($1.81)
Weighted Average Diluted Shares Outstanding	235.60M	236.80M	234.40M	234.40M	235.30M	234.40M	228.30M	227.20M	224.50M	224.80M
Basic & Diluted Earnings per Share	-	$1.08	-	-	-	$0.66	-	-	-	($1.81)
Weighted Average Basic & Diluted Shares Outstanding	234.15M	234.13M	234.37M	235.06M	235.06M	229.78M	227.84M	227.77M	218.70M	218.68M
Cash Dividends to Common per Share	$0.17	$0.31	$0.17	$0.17	$0.11	$0.30	$0.11	$0.11	$0.11	$0.33

This table details how cash moves in and out of BorgWarner's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-220	-134	101	-932	93	818	-1,013	-1,596	-1,201	-800
Net Cash From Operating Activities	868	1,036	1,180	1,126	1,008	1,184	0.00	0.00	0.00	0.00
Net Cash From Continuing Operating Activities	868	1,036	1,180	0.00	0.00	0.00	1,210	1,180	1,397	1,382
Net Income / (Loss) Continuing Operations	614	637	483	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Investing Activities	-1,759	-404	-752	-514	-489	-866	-1,249	-1,320	-593	-603
Net Cash From Continuing Investing Activities	-1,759	-404	-752	-514	-489	-866	-1,249	-1,320	-593	-603
Purchase of Property, Plant & Equipment	-577	-501	-560	-546	-481	-461	-516	-622	-832	-671
Acquisitions	-1,200	0.00	-186	0.00	-10	-449	-759	-312	-109	0.00
Purchase of Investments	0.00	0.00	-11	-6.00	-53	-2.00	-20	-473	284	-8.00
Sale of Property, Plant & Equipment	4.70	11	5.00	36	9.00	16	8.00	20	30	4.00
Divestitures	0.00	86	0.00	0.00	24	0.00	22	27	9.00	8.00
Sale and/or Maturity of Investments	13	0.00	-	2.00	22	10	11	40	25	46
Other Investing Activities, net	-	-	-	0.00	0.00	20	5.00	0.00	0.00	18
Net Cash From Financing Activities	737	-734	-363	-383	-420	437	294	-564	-521	-167
Net Cash From Continuing Financing Activities	737	-734	-363	-383	-420	437	294	-564	-521	-167
Repayment of Debt	-343	-316	-112	-115	-219	-346	-710	-13	-454	-534
Repurchase of Common Equity	-350	-288	-100	-150	-100	-216	0.00	-240	-177	-402
Payment of Dividends	-140	-143	-154	-177	-164	-179	-267	-298	-261	-211
Issuance of Debt	1,569	4.60	3.00	59	63	1,178	1,286	5.00	18	1,008
Other Financing Activities, net	0.00	8.90	-	-	-	-	-15	-18	353	-28
Other Net Changes in Cash	-	-	-	-	-	-	-58	288	-87	-30

This table details how cash moves in and out of BorgWarner's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Cash From Continuing Operating Activities	552	628	59	230	221	887	-118	462	356	682
Net Change in Cash & Equivalents	-316	-544	-443	-307	-134	-317	-497	-76	336	-563
Net Cash From Investing Activities	-219	-713	-244	-192	-102	-55	-175	-138	-147	-143
Net Cash From Continuing Investing Activities	-219	-713	-244	-192	-102	-55	-175	-138	-147	-143
Purchase of Property, Plant & Equipment	-96	-195	-239	-200	-185	-208	-190	-165	-155	-161
Purchase of Investments	-3.00	-500	-	-	57	221	-	-	-3.00	-1.00
Sale of Property, Plant & Equipment	-1.00	4.00	1.00	13	15	1.00	0.00	2.00	1.00	1.00
Net Cash From Financing Activities	-142	-74	-90	-118	-70	-243	-183	-59	492	-417
Net Cash From Continuing Financing Activities	-142	-74	-90	-118	-70	-243	-183	-59	492	-417
Repayment of Debt	-3.00	-4.00	-2.00	-4.00	-441	-7.00	-12	-3.00	-169	-350
Repurchase of Common Equity	-100	-	0.00	-	-	-177	-100	-	-301	-1.00
Payment of Dividends	-38	-73	-64	-94	-33	-70	-48	-57	-32	-74
Issuance of Debt	-	3.00	1.00	3.00	3.00	11	0.00	2.00	998	8.00
Other Net Changes in Cash	-	243	-109	3.00	38	-19	-10	-8.00	-9.00	-3.00

This table presents BorgWarner's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	8,826	8,835	9,788	10,095	9,702	16,029	16,575	16,994	14,453	13,993
Total Current Assets	3,135	2,912	3,543	3,805	3,836	6,167	6,597	6,617	6,217	6,521
Restricted Cash	-	-	-	-	-	0.00	1,844	1,083	1,534	2,094
Accounts Receivable	1,665	1,689	2,019	1,988	1,921	2,919	2,898	2,471	3,109	2,843
Inventories, net	724	641	766	781	807	1,286	1,534	1,217	1,313	1,251
Prepaid Expenses	169	137	145	250	276	312	321	230	261	333
Plant, Property, & Equipment, net	2,448	2,502	2,864	2,904	0.00	0.00	0.00	0.00	3,783	3,575
Total Noncurrent Assets	3,242	3,421	3,381	3,386	5,866	9,862	9,978	10,377	4,453	3,897
Long-Term Investments	461	502	547	592	318	820	530	819	364	356
Goodwill	1,758	1,702	1,882	1,853	1,842	2,627	3,279	2,978	3,013	2,357
Intangible Assets	544	464	493	439	402	1,096	1,091	619	564	474
Other Noncurrent Operating Assets	480	753	459	502	3,304	5,319	5,078	3,915	512	710
Total Liabilities & Shareholders' Equity	8,826	8,835	9,788	10,095	9,702	16,029	16,575	16,994	14,453	13,993
Total Liabilities	5,194	5,533	5,962	5,750	4,858	9,305	9,313	9,486	8,387	8,287
Total Current Liabilities	2,357	2,092	2,425	2,399	2,329	3,810	3,798	4,236	3,767	3,646
Short-Term Debt	441	176	85	173	286	49	66	60	73	398
Accounts Payable	1,866	1,847	2,270	2,144	1,325	2,352	2,276	2,146	2,546	2,032
Other Current Liabilities	-	-	-	-	718	1,409	1,456	1,084	1,148	1,216
Total Noncurrent Liabilities	2,837	3,441	3,537	3,351	2,529	5,495	5,515	5,250	4,620	4,641
Long-Term Debt	2,109	2,044	2,104	1,941	1,674	3,738	4,261	4,140	3,707	3,763
Noncurrent Employee Benefit Liabilities	313	294	302	298	306	576	290	129	146	137
Other Noncurrent Operating Liabilities	354	276	356	357	549	1,181	964	686	767	741
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,632	3,302	3,826	4,345	4,844	6,724	7,262	7,508	6,069	5,709
Total Preferred & Common Equity	3,554	3,218	3,717	4,226	4,706	6,428	6,948	7,224	5,828	5,532
Preferred Stock	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,554	3,218	3,717	4,226	4,706	6,425	6,948	7,224	5,828	5,532
Common Stock	1,112	1,107	1,121	1,149	1,148	2,614	2,640	2,678	2,692	2,677
Retained Earnings	4,210	4,215	4,531	5,336	5,942	6,296	6,671	7,454	6,152	6,412
Treasury Stock	-1,158	-1,382	-1,445	-1,585	-1,657	-1,834	-1,812	-2,032	-2,188	-2,537
Accumulated Other Comprehensive Income / (Loss)	-610	-722	-490	-674	-727	-651	-551	-876	-828	-1,020
Noncontrolling Interest	78	84	109	119	138	296	314	284	238	174

This table presents BorgWarner's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	16,077	16,994	17,117	17,317	14,104	14,453	14,122	14,108	15,137	13,993
Total Current Assets	6,547	6,617	6,607	6,876	5,900	6,217	5,957	6,004	6,856	6,521
Restricted Cash	1,241	1,083	950	848	949	1,534	1,037	1,288	-	2,094
Accounts Receivable	3,363	2,471	3,566	3,856	3,351	3,109	3,289	3,111	3,215	2,843
Inventories, net	1,658	1,217	1,800	1,860	1,328	1,313	1,333	1,322	1,366	1,251
Prepaid Expenses	285	230	291	312	272	261	298	283	275	333
Plant, Property, & Equipment, net	4,006	0.00	4,463	0.00	3,569	3,783	3,766	0.00	3,814	3,575
Total Noncurrent Assets	5,524	10,377	6,047	10,441	4,635	4,453	4,399	8,104	4,467	3,897
Long-Term Investments	422	819	895	835	624	364	365	342	350	356
Goodwill	3,271	2,978	3,420	3,404	2,936	3,013	2,977	2,965	3,027	2,357
Intangible Assets	1,049	619	1,033	1,002	557	564	540	521	514	474
Other Noncurrent Operating Assets	782	3,915	699	5,200	518	512	517	4,276	576	710
Total Liabilities & Shareholders' Equity	16,077	16,994	17,117	17,317	14,104	14,453	14,122	14,108	15,137	13,993
Total Liabilities	9,040	9,486	9,438	9,536	8,097	8,387	8,080	7,823	8,785	8,287
Total Current Liabilities	3,816	4,236	4,148	4,235	3,573	3,767	3,869	3,712	3,718	3,646
Short-Term Debt	56	60	62	65	63	73	445	445	398	398
Accounts Payable	2,400	2,146	2,676	2,725	2,396	2,546	2,378	2,202	2,176	2,032
Other Current Liabilities	1,360	1,084	1,410	1,445	1,114	1,148	1,046	1,065	1,144	1,216
Total Noncurrent Liabilities	5,224	5,250	5,290	5,301	4,524	4,620	4,211	4,111	5,067	4,641
Long-Term Debt	4,080	4,140	4,175	4,191	3,665	3,707	3,295	3,283	4,195	3,763
Noncurrent Employee Benefit Liabilities	252	129	223	228	129	146	142	141	146	137
Other Noncurrent Operating Liabilities	892	686	892	882	730	767	774	687	726	741
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,037	7,508	7,679	7,781	6,007	6,069	6,042	6,285	6,352	5,709
Total Preferred & Common Equity	6,775	7,224	7,441	7,551	5,768	5,828	5,841	6,093	6,156	5,532
Preferred Stock	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Common Equity	6,775	7,224	7,441	7,551	5,768	5,828	5,841	6,093	6,156	5,532
Common Stock	2,653	2,678	2,664	2,660	2,683	2,692	2,635	2,648	2,660	2,677
Retained Earnings	7,239	7,454	7,632	7,796	6,010	6,152	6,325	6,620	6,840	6,412
Treasury Stock	-2,039	-2,032	-2,031	-2,007	-2,010	-2,188	-2,236	-2,237	-2,536	-2,537
Accumulated Other Comprehensive Income / (Loss)	-1,078	-876	-824	-898	-915	-828	-883	-938	-808	-1,020
Noncontrolling Interest	262	284	238	230	239	238	201	192	196	174

This table displays calculated financial ratios and metrics derived from BorgWarner's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.39%	13.06%	8.03%	7.46%	-3.44%	-0.03%	16.11%	7.05%	12.37%	-0.79%
EBITDA Growth	-6.93%	9.69%	8.07%	-18.92%	6.33%	-51.02%	47.36%	1.63%	5.34%	-44.73%
EBIT Growth	-8.18%	5.36%	9.60%	11.94%	6.33%	-51.02%	47.36%	1.63%	5.34%	-44.73%
NOPAT Growth	-7.85%	5.51%	-25.90%	101.21%	-16.24%	-55.72%	119.40%	-0.50%	3.56%	-47.24%
Net Income Growth	-10.71%	3.71%	-24.14%	103.93%	-19.09%	-28.86%	12.70%	60.56%	-32.26%	-42.59%
EPS Growth	-10.49%	7.81%	-24.64%	113.46%	-18.69%	-35.18%	12.70%	60.56%	-33.08%	-43.82%
Operating Cash Flow Growth	8.24%	19.33%	13.93%	-4.58%	-10.48%	17.46%	-100.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	-293.62%	277.42%	-85.40%	324.71%	-64.34%	-846.84%	81.39%	796.83%	-90.14%	272.83%
Invested Capital Growth	34.29%	-11.04%	6.74%	4.51%	10.78%	42.22%	14.60%	-19.86%	7.62%	-6.68%
Revenue Q/Q Growth	1.66%	1.52%	3.45%	-0.11%	-0.15%	15.54%	-21.88%	10.07%	14.02%	-0.59%
EBITDA Q/Q Growth	-6.24%	9.44%	-3.98%	-23.26%	16.96%	-29.14%	-24.88%	17.88%	-4.55%	-42.57%
EBIT Q/Q Growth	-6.35%	11.62%	-5.90%	6.03%	16.96%	-29.14%	-24.88%	17.88%	-4.55%	-42.57%
NOPAT Q/Q Growth	-6.03%	15.96%	-40.34%	62.50%	-1.56%	-17.08%	-5.01%	16.39%	10.76%	-58.10%
Net Income Q/Q Growth	-6.76%	16.91%	-40.39%	62.89%	-1.36%	35.32%	-26.55%	13.87%	-13.02%	-58.52%
EPS Q/Q Growth	-7.91%	16.46%	-42.70%	66.92%	-0.55%	32.95%	-26.55%	13.87%	-14.15%	-62.69%
Operating Cash Flow Q/Q Growth	19.58%	4.53%	10.64%	1.25%	-27.69%	19.35%	-100.00%	100.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-270.13%	302.13%	-76.98%	18.55%	-75.16%	-1,419.24%	87.81%	513.33%	-87.62%	60.31%
Invested Capital Q/Q Growth	24.68%	-13.64%	-8.50%	-3.69%	12.12%	50.92%	-0.44%	-22.34%	-2.62%	-13.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.23%	21.26%	21.58%	21.18%	20.66%	18.79%	18.41%	18.75%	18.09%	18.80%
EBITDA Margin	15.56%	15.10%	15.10%	11.40%	12.55%	6.15%	7.80%	7.41%	6.94%	3.87%
Operating Margin	11.07%	10.73%	10.94%	11.30%	12.81%	6.08%	7.74%	7.99%	8.17%	3.88%
EBIT Margin	11.57%	10.78%	10.94%	11.40%	12.55%	6.15%	7.80%	7.41%	6.94%	3.87%
Profit (Net Income) Margin	7.65%	7.02%	4.93%	9.35%	7.84%	5.58%	5.41%	8.12%	4.90%	2.83%
Tax Burden Percent	70.13%	67.54%	45.44%	82.36%	63.00%	58.82%	125.29%	112.38%	70.13%	74.03%
Interest Burden Percent	94.30%	96.38%	99.16%	99.67%	99.14%	154.24%	55.37%	97.54%	100.51%	98.90%
Effective Tax Rate	29.87%	32.46%	54.56%	17.64%	37.00%	41.18%	12.75%	21.36%	29.16%	20.59%
Return on Invested Capital (ROIC)	13.88%	13.53%	10.30%	19.63%	15.26%	5.31%	9.24%	9.56%	10.72%	5.64%
ROIC Less NNEP Spread (ROIC-NNEP)	12.79%	12.05%	9.95%	20.17%	12.21%	24.44%	-0.45%	34.97%	-3.71%	3.72%
Return on Net Nonoperating Assets (RNNOA)	2.88%	4.84%	3.25%	4.48%	2.08%	4.49%	-0.11%	4.33%	-0.48%	1.13%
Return on Equity (ROE)	16.77%	18.37%	13.55%	24.11%	17.35%	9.80%	9.14%	13.89%	10.24%	6.78%
Cash Return on Invested Capital (CROIC)	-15.39%	25.21%	3.78%	15.21%	5.04%	-29.55%	-4.36%	31.61%	3.37%	12.56%
Operating Return on Assets (OROA)	11.56%	11.08%	11.51%	12.07%	12.89%	4.86%	5.65%	5.58%	6.27%	3.83%
Return on Assets (ROA)	7.65%	7.21%	5.19%	9.91%	8.05%	4.41%	3.92%	6.11%	4.42%	2.81%
Return on Common Equity (ROCE)	16.42%	17.94%	13.19%	23.44%	16.86%	9.43%	8.74%	13.33%	9.84%	6.53%
Return on Equity Simple (ROE_SIMPLE)	17.28%	19.78%	13.00%	23.31%	16.94%	8.82%	9.20%	14.20%	11.93%	7.21%
Net Operating Profit after Tax (NOPAT)	623	657	487	980	821	363	798	793	822	434
NOPAT Margin	7.76%	7.25%	4.97%	9.31%	8.07%	3.58%	6.76%	6.28%	5.79%	3.08%
Net Nonoperating Expense Percent (NNEP)	1.10%	1.48%	0.35%	-0.54%	3.05%	-19.14%	9.69%	-25.41%	14.43%	1.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.78%	8.34%	4.39%
Cost of Revenue to Revenue	78.77%	78.74%	78.42%	78.82%	79.34%	81.21%	81.59%	81.25%	81.91%	81.20%
SG&A Expenses to Revenue	8.25%	9.02%	9.17%	8.98%	8.59%	9.36%	9.19%	10.21%	9.27%	9.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.16%	10.53%	10.64%	9.88%	7.85%	12.71%	10.67%	10.76%	9.92%	14.92%
Earnings before Interest and Taxes (EBIT)	928	978	1,072	1,200	1,276	625	921	936	986	545
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,249	1,370	1,480	1,200	1,276	625	921	936	986	545
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.39	2.32	2.61	1.57	1.77	1.40	1.50	1.27	1.43	1.26
Price to Tangible Book Value (P/TBV)	6.78	7.10	7.24	3.42	3.39	3.32	4.04	2.53	3.69	2.57
Price to Revenue (P/Rev)	1.06	0.82	0.99	0.63	0.82	0.88	0.88	0.73	0.59	0.49
Price to Earnings (P/E)	14.71	12.56	22.07	7.11	11.19	17.95	19.40	9.73	13.31	20.57
Dividend Yield	1.37%	1.51%	1.28%	2.14%	1.68%	1.85%	1.56%	1.73%	1.47%	1.38%
Earnings Yield	6.80%	7.96%	4.53%	14.06%	8.94%	5.57%	5.15%	10.28%	7.51%	4.86%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.93	2.24	1.47	1.64	1.32	1.38	1.59	1.31	1.19
Enterprise Value to Revenue (EV/Rev)	1.26	0.97	1.11	0.71	0.91	1.04	1.07	0.93	0.74	0.63
Enterprise Value to EBITDA (EV/EBITDA)	8.07	6.45	7.38	6.27	7.28	16.94	13.77	12.57	10.59	16.22
Enterprise Value to EBIT (EV/EBIT)	10.86	9.03	10.18	6.27	7.28	16.94	13.77	12.57	10.59	16.22
Enterprise Value to NOPAT (EV/NOPAT)	16.18	13.44	22.41	7.68	11.32	29.13	15.91	14.83	12.70	20.38
Enterprise Value to Operating Cash Flow (EV/OCF)	11.61	8.53	9.25	6.68	9.22	8.94	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.21	61.02	9.90	34.31	0.00	0.00	4.48	40.34	9.16
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.67	0.57	0.49	0.40	0.56	0.60	0.56	0.62	0.73
Long-Term Debt to Equity	0.58	0.62	0.55	0.45	0.35	0.56	0.59	0.55	0.61	0.66
Financial Leverage	0.23	0.40	0.33	0.22	0.17	0.18	0.23	0.12	0.13	0.30
Leverage Ratio	2.19	2.55	2.61	2.43	2.15	2.22	2.33	2.27	2.32	2.42
Compound Leverage Factor	2.07	2.46	2.59	2.43	2.14	3.43	1.29	2.22	2.33	2.39
Debt to Total Capital	41.26%	40.20%	36.39%	32.73%	28.81%	36.03%	37.34%	35.87%	38.38%	42.16%
Short-Term Debt to Total Capital	7.14%	3.19%	1.41%	2.68%	4.20%	0.47%	0.57%	0.51%	0.74%	4.03%
Long-Term Debt to Total Capital	34.11%	37.01%	34.98%	30.05%	24.60%	35.56%	36.77%	35.36%	37.64%	38.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.26%	1.51%	1.81%	1.84%	2.03%	2.82%	2.71%	2.43%	2.42%	1.76%
Common Equity to Total Capital	57.49%	58.29%	61.80%	65.43%	69.17%	61.13%	59.95%	61.70%	59.17%	56.05%
Debt to EBITDA	2.04	1.62	1.48	1.76	1.54	6.06	4.70	4.49	3.83	7.63
Net Debt to EBITDA	1.21	0.93	0.74	0.65	0.63	2.11	2.12	2.46	1.91	3.14
Long-Term Debt to EBITDA	1.69	1.49	1.42	1.62	1.31	5.98	4.63	4.42	3.76	6.90
Debt to NOPAT	4.09	3.38	4.49	2.16	2.39	10.42	5.43	5.29	4.60	9.60
Net Debt to NOPAT	2.43	1.94	2.25	0.80	0.99	3.62	2.45	2.90	2.29	3.95
Long-Term Debt to NOPAT	3.39	3.11	4.32	1.98	2.04	10.28	5.34	5.22	4.51	8.68
Altman Z-Score	3.01	2.98	3.13	3.03	3.56	2.07	2.33	2.29	2.60	2.53
Noncontrolling Interest Sharing Ratio	2.08%	2.33%	2.70%	2.79%	2.80%	3.78%	4.38%	4.05%	3.87%	3.55%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.39	1.46	1.59	1.65	1.62	1.74	1.56	1.65	1.79
Quick Ratio	0.95	1.02	1.06	1.14	1.18	1.20	0.76	0.58	0.83	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-690	1,225	179	760	271	-2,024	-376	2,623	259	965
Operating Cash Flow to CapEx	151.57%	211.37%	212.61%	220.78%	213.56%	266.07%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-11.43	14.48	2.52	12.88	6.30	-33.17	-4.14	0.00	17.25	74.20
Operating Cash Flow to Interest Expense	14.37	12.24	16.62	19.08	23.44	19.41	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.89	6.45	8.80	10.44	12.47	12.11	-5.58	0.00	-53.47	-51.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	1.03	1.05	1.06	1.03	0.79	0.72	0.75	0.90	0.99
Accounts Receivable Turnover	5.16	5.41	5.29	5.26	5.20	4.20	4.06	4.71	5.09	4.73
Inventory Turnover	10.28	10.47	10.92	10.73	10.16	7.89	6.83	7.46	9.19	8.92
Fixed Asset Turnover	3.53	3.67	3.65	3.65	0.00	0.00	0.00	0.00	0.00	3.83
Accounts Payable Turnover	3.72	3.85	3.73	3.76	4.65	4.49	4.16	4.64	4.96	5.00
Days Sales Outstanding (DSO)	70.71	67.49	69.06	69.45	70.16	86.90	89.94	77.55	71.72	77.11
Days Inventory Outstanding (DIO)	35.50	34.87	33.43	34.02	35.93	46.27	53.44	48.90	39.70	40.91
Days Payable Outstanding (DPO)	98.08	94.89	97.80	97.06	78.48	81.29	87.71	78.61	73.63	73.04
Cash Conversion Cycle (CCC)	8.12	7.47	4.70	6.41	27.61	51.88	55.68	47.84	37.80	44.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,143	4,576	4,884	5,104	5,654	8,041	9,215	7,385	7,948	7,417
Invested Capital Turnover	1.79	1.87	2.07	2.11	1.89	1.48	1.37	1.52	1.85	1.83
Increase / (Decrease) in Invested Capital	1,313	-568	308	220	550	2,387	1,174	-1,830	563	-531
Enterprise Value (EV)	10,078	8,832	10,916	7,524	9,295	10,588	12,686	11,764	10,437	8,837
Market Capitalization	8,488	7,475	9,712	6,622	8,347	8,975	10,419	9,182	8,317	6,952
Book Value per Share	$15.85	$15.11	$17.63	$20.29	$22.79	$26.28	$28.98	$30.85	$24.79	$25.29
Tangible Book Value per Share	$5.59	$4.94	$6.37	$9.29	$11.92	$11.05	$10.75	$15.49	$9.58	$12.35
Total Capital	6,182	5,521	6,014	6,459	6,804	10,511	11,589	11,708	9,849	9,870
Total Debt	2,550	2,220	2,188	2,114	1,960	3,787	4,327	4,200	3,780	4,161
Total Long-Term Debt	2,109	2,044	2,104	1,941	1,674	3,738	4,261	4,140	3,707	3,763
Net Debt	1,512	1,274	1,096	783	810	1,317	1,953	2,298	1,882	1,711
Capital Expenditures (CapEx)	573	490	555	510	472	445	508	602	802	667
Debt-free, Cash-free Net Working Capital (DFCFNWC)	642	552	657	840	961	756	1,021	1,358	989	1,179
Debt-free Net Working Capital (DFNWC)	1,219	996	1,203	1,579	1,793	2,406	2,865	2,441	2,523	3,273
Net Working Capital (NWC)	778	820	1,118	1,406	1,507	2,357	2,799	2,381	2,450	2,875
Net Nonoperating Expense (NNE)	9.05	21	4.09	-4.94	24	-204	159	-233	127	35
Net Nonoperating Obligations (NNO)	1,512	1,274	1,058	759	810	1,317	1,953	-123	1,879	1,708
Total Depreciation and Amortization (D&A)	320	391	408	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	8.00%	6.09%	6.71%	7.98%	9.45%	7.44%	8.65%	10.75%	6.97%	8.37%
Debt-free Net Working Capital to Revenue	15.20%	10.98%	12.27%	15.00%	17.63%	23.67%	24.27%	19.32%	17.77%	23.24%
Net Working Capital to Revenue	9.70%	9.04%	11.41%	13.35%	14.82%	23.19%	23.71%	18.84%	17.26%	20.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.20	$2.07	$1.98	$3.53	$2.68	$1.51
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	233.68M	241.98M	270.49M	267.54M	232.80M	223.50M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.18	$2.06	$1.97	$3.51	$2.67	$1.50
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	234.93M	243.11M	272.08M	269.01M	234.40M	224.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.20	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	234.49M	271.54M	272.62M	265.98M	229.78M	218.68M
Normalized Net Operating Profit after Tax (NOPAT)	623	657	750	980	866	483	892	855	898	1,005
Normalized NOPAT Margin	7.76%	7.25%	7.66%	9.31%	8.52%	4.75%	7.56%	6.77%	6.33%	7.14%
Pre Tax Income Margin	10.91%	10.39%	10.85%	11.36%	12.44%	9.48%	4.32%	7.23%	6.98%	3.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.37	11.56	15.10	20.34	29.67	10.25	10.12	0.00	65.73	41.92
NOPAT to Interest Expense	10.31	7.77	6.86	16.61	19.09	5.96	8.76	0.00	54.78	33.35
EBIT Less CapEx to Interest Expense	5.89	5.77	7.28	11.69	18.70	2.95	4.54	0.00	12.27	-9.38
NOPAT Less CapEx to Interest Expense	0.83	1.98	-0.96	7.97	8.11	-1.34	3.18	0.00	1.31	-17.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.81%	22.51%	31.88%	17.97%	20.58%	31.57%	41.78%	29.04%	37.55%	52.88%
Augmented Payout Ratio	79.79%	67.74%	52.59%	33.20%	33.12%	69.66%	41.78%	52.44%	63.02%	153.63%

This table displays calculated financial ratios and metrics derived from BorgWarner's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.56%	186.45%	-12.67%	-2.34%	12.28%	98.31%	6.27%	-1.85%	-4.78%	-2.36%
EBITDA Growth	2.66%	175.31%	-15.53%	21.91%	4.44%	42.62%	7.35%	-10.43%	-2.13%	-481.61%
EBIT Growth	2.66%	175.31%	-15.53%	21.91%	4.44%	42.62%	7.35%	-10.43%	-2.13%	-481.61%
NOPAT Growth	29.58%	512.59%	-20.11%	36.04%	-38.68%	22.42%	15.98%	10.48%	114.17%	-206.04%
Net Income Growth	149.57%	81.17%	2.68%	-3.90%	-76.71%	-37.28%	-3.91%	42.79%	266.18%	-321.71%
EPS Growth	149.57%	81.17%	2.68%	-3.90%	-81.74%	-38.89%	-3.23%	54.02%	395.24%	-374.24%
Operating Cash Flow Growth	-333.80%	0.00%	-100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	98.46%	264.60%	82.80%	-640.34%	2,617.68%	-117.72%	962.21%	557.77%	-111.99%	187.42%
Invested Capital Growth	2.74%	-19.86%	4.38%	8.36%	-14.17%	7.62%	-16.79%	-19.04%	5.31%	-6.68%
Revenue Q/Q Growth	-14.18%	-44.95%	90.48%	8.51%	-1.33%	-2.76%	2.07%	0.22%	-4.27%	-0.29%
EBITDA Q/Q Growth	-4.59%	-77.41%	102.99%	26.84%	-18.26%	-69.15%	243.53%	5.82%	-10.68%	-220.29%
EBIT Q/Q Growth	-4.59%	-77.41%	102.99%	26.84%	-18.26%	-69.15%	243.53%	5.82%	-10.68%	-220.29%
NOPAT Q/Q Growth	-10.30%	-12.92%	17.36%	48.42%	-59.57%	73.84%	11.18%	41.38%	-21.62%	-186.07%
Net Income Q/Q Growth	26.41%	-4.45%	-17.56%	-3.48%	-69.37%	157.35%	76.80%	43.44%	-21.45%	-255.82%
EPS Q/Q Growth	26.41%	-4.45%	-17.56%	-3.48%	-75.86%	214.29%	36.36%	48.89%	-22.39%	-274.04%
Operating Cash Flow Q/Q Growth	-253.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	200.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	14.04%	3,530.77%	-111.15%	-125.18%	392.32%	-124.14%	642.59%	19.55%	-107.66%	276.02%
Invested Capital Q/Q Growth	-0.47%	-22.34%	36.37%	2.81%	-21.17%	-2.62%	5.44%	0.04%	2.53%	-13.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.82%	16.89%	17.06%	18.52%	18.00%	18.71%	17.91%	19.01%	18.44%	19.86%
EBITDA Margin	8.37%	3.43%	8.04%	9.40%	7.79%	2.47%	8.12%	8.58%	8.00%	-9.65%
Operating Margin	8.21%	6.76%	8.10%	9.07%	7.51%	7.98%	8.21%	8.24%	7.83%	-9.19%
EBIT Margin	8.37%	3.43%	8.04%	9.40%	7.79%	2.47%	8.12%	8.58%	8.00%	-9.65%
Profit (Net Income) Margin	9.05%	15.71%	6.80%	6.05%	1.88%	4.97%	6.15%	8.80%	7.22%	-11.28%
Tax Burden Percent	112.31%	558.00%	92.74%	80.43%	28.57%	76.42%	76.21%	106.38%	92.22%	121.63%
Interest Burden Percent	96.30%	81.97%	91.18%	80.00%	84.40%	263.22%	99.32%	96.44%	97.83%	96.08%
Effective Tax Rate	26.15%	-42.00%	27.02%	10.87%	55.88%	25.76%	21.38%	-10.40%	4.81%	0.00%
Return on Invested Capital (ROIC)	7.42%	14.61%	7.28%	9.79%	4.67%	10.97%	10.08%	13.93%	12.60%	-11.79%
ROIC Less NNEP Spread (ROIC-NNEP)	11.51%	26.47%	8.56%	6.77%	2.42%	7.14%	9.61%	13.47%	12.24%	-21.09%
Return on Net Nonoperating Assets (RNNOA)	3.86%	3.28%	2.68%	2.25%	0.86%	0.92%	3.31%	4.47%	4.35%	-6.42%
Return on Equity (ROE)	11.28%	17.89%	9.96%	12.04%	5.53%	11.89%	13.39%	18.40%	16.96%	-18.22%
Cash Return on Invested Capital (CROIC)	4.56%	31.61%	3.24%	0.22%	23.65%	3.37%	27.61%	30.68%	7.18%	12.56%
Operating Return on Assets (OROA)	5.90%	2.59%	5.78%	6.77%	6.42%	2.23%	7.49%	7.83%	7.76%	-9.56%
Return on Assets (ROA)	6.38%	11.83%	4.89%	4.36%	1.55%	4.49%	5.67%	8.03%	7.00%	-11.17%
Return on Common Equity (ROCE)	10.77%	17.16%	9.61%	11.63%	5.32%	11.43%	12.96%	17.85%	16.36%	-17.57%
Return on Equity Simple (ROE_SIMPLE)	13.30%	0.00%	13.87%	13.55%	13.85%	0.00%	11.74%	12.82%	15.63%	0.00%
Net Operating Profit after Tax (NOPAT)	196	170	200	297	120	209	232	328	257	-221
NOPAT Margin	6.07%	9.59%	5.91%	8.09%	3.31%	5.92%	6.45%	9.10%	7.45%	-6.43%
Net Nonoperating Expense Percent (NNEP)	-4.09%	-11.87%	-1.28%	3.02%	2.25%	3.83%	0.46%	0.47%	0.36%	9.30%
Return On Investment Capital (ROIC_SIMPLE)	-	1.46%	-	-	-	2.12%	-	-	-	-2.24%
Cost of Revenue to Revenue	81.18%	83.11%	82.94%	81.48%	82.00%	81.29%	82.09%	80.99%	81.56%	80.14%
SG&A Expenses to Revenue	10.07%	10.30%	8.84%	9.10%	9.11%	10.02%	9.15%	9.46%	9.86%	9.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.60%	10.14%	8.96%	9.45%	10.49%	10.73%	9.71%	10.77%	10.61%	29.05%
Earnings before Interest and Taxes (EBIT)	270	61	272	345	282	87	292	309	276	-332
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	270	61	272	345	282	87	292	309	276	-332
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.27	1.52	1.50	1.62	1.43	1.39	1.21	1.34	1.26
Price to Tangible Book Value (P/TBV)	2.96	2.53	3.79	3.60	4.12	3.69	3.50	2.82	3.16	2.57
Price to Revenue (P/Rev)	0.63	0.73	0.93	0.94	0.75	0.59	0.56	0.51	0.58	0.49
Price to Earnings (P/E)	8.88	9.73	11.77	11.93	12.90	13.31	13.26	10.30	9.21	20.57
Dividend Yield	2.22%	1.73%	1.41%	1.41%	1.40%	1.47%	1.38%	1.36%	1.21%	1.38%
Earnings Yield	11.26%	10.28%	8.49%	8.38%	7.75%	7.51%	7.54%	9.71%	10.85%	4.86%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.59	1.38	1.36	1.44	1.31	1.27	1.15	1.25	1.19
Enterprise Value to Revenue (EV/Rev)	0.87	0.93	1.15	1.17	0.94	0.74	0.74	0.67	0.76	0.63
Enterprise Value to EBITDA (EV/EBITDA)	12.59	12.57	14.54	13.83	11.38	10.59	10.78	10.09	11.28	16.22
Enterprise Value to EBIT (EV/EBIT)	12.59	12.57	14.54	13.83	11.38	10.59	10.78	10.09	11.28	16.22
Enterprise Value to NOPAT (EV/NOPAT)	14.66	14.83	18.77	17.21	15.85	12.70	12.47	10.67	10.35	20.38
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	23.37	4.48	43.60	650.23	5.63	40.34	4.19	3.35	17.79	9.16
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.56	0.55	0.55	0.62	0.62	0.62	0.59	0.72	0.73
Long-Term Debt to Equity	0.58	0.55	0.54	0.54	0.61	0.61	0.55	0.52	0.66	0.66
Financial Leverage	0.34	0.12	0.31	0.33	0.35	0.13	0.34	0.33	0.36	0.30
Leverage Ratio	2.32	2.27	2.25	2.24	2.31	2.32	2.28	2.23	2.37	2.42
Compound Leverage Factor	2.23	1.86	2.05	1.79	1.95	6.10	2.26	2.15	2.31	2.32
Debt to Total Capital	37.02%	35.87%	35.56%	35.36%	38.29%	38.38%	38.23%	37.23%	41.96%	42.16%
Short-Term Debt to Total Capital	0.50%	0.51%	0.52%	0.54%	0.65%	0.74%	4.55%	4.44%	3.64%	4.03%
Long-Term Debt to Total Capital	36.52%	35.36%	35.04%	34.82%	37.65%	37.64%	33.68%	32.79%	38.33%	38.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.34%	2.43%	2.00%	1.91%	2.46%	2.42%	2.05%	1.92%	1.79%	1.76%
Common Equity to Total Capital	60.64%	61.70%	62.45%	62.73%	59.25%	59.17%	59.71%	60.85%	56.24%	56.05%
Debt to EBITDA	5.21	4.49	4.42	4.17	3.61	3.83	3.77	3.90	4.84	7.63
Net Debt to EBITDA	3.11	2.46	2.49	2.52	2.09	1.91	2.36	2.20	2.36	3.14
Long-Term Debt to EBITDA	5.14	4.42	4.35	4.10	3.55	3.76	3.32	3.44	4.42	6.90
Debt to NOPAT	6.07	5.29	5.70	5.19	5.03	4.60	4.37	4.13	4.44	9.60
Net Debt to NOPAT	3.63	2.90	3.22	3.14	2.90	2.29	2.73	2.32	2.17	3.95
Long-Term Debt to NOPAT	5.98	5.22	5.62	5.11	4.94	4.51	3.85	3.64	4.05	8.68
Altman Z-Score	2.09	2.12	2.28	2.29	2.44	2.40	2.50	2.50	2.44	2.32
Noncontrolling Interest Sharing Ratio	4.52%	4.05%	3.50%	3.42%	3.84%	3.87%	3.20%	3.00%	3.52%	3.55%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.72	1.56	1.59	1.62	1.65	1.65	1.54	1.62	1.84	1.79
Quick Ratio	0.88	0.58	0.86	0.91	0.94	0.83	0.85	0.84	1.40	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-58	2,000	-223	-502	1,468	-354	1,923	2,299	-176	310
Operating Cash Flow to CapEx	-342.27%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.26%	6.14%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-5.30	0.00	-22.30	-167.40	489.33	0.00	384.59	766.30	-44.00	309.80
Operating Cash Flow to Interest Expense	-30.18	0.00	0.00	0.00	0.00	0.00	-2.00	3.33	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-39.00	0.00	-23.80	0.00	0.00	0.00	-40.00	-51.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.75	0.72	0.72	0.83	0.90	0.92	0.91	0.97	0.99
Accounts Receivable Turnover	3.67	4.71	3.61	3.45	3.71	5.09	4.20	4.12	4.32	4.73
Inventory Turnover	5.73	7.46	5.78	5.63	6.86	9.19	7.52	7.36	8.57	8.92
Fixed Asset Turnover	0.00	0.00	2.76	0.00	3.29	0.00	3.50	0.00	3.84	3.83
Accounts Payable Turnover	4.18	4.64	3.87	3.94	4.27	4.96	4.66	4.75	5.05	5.00
Days Sales Outstanding (DSO)	99.41	77.55	101.17	105.81	98.40	71.72	86.82	88.65	84.57	77.11
Days Inventory Outstanding (DIO)	63.75	48.90	63.18	64.81	53.20	39.70	48.56	49.63	42.59	40.91
Days Payable Outstanding (DPO)	87.35	78.61	94.31	92.67	85.45	73.63	78.33	76.84	72.27	73.04
Cash Conversion Cycle (CCC)	75.82	47.84	70.04	77.95	66.15	37.80	57.04	61.44	54.88	44.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,510	7,385	10,071	10,354	8,162	7,948	8,380	8,383	8,595	7,417
Invested Capital Turnover	1.22	1.52	1.23	1.21	1.41	1.85	1.56	1.53	1.69	1.83
Increase / (Decrease) in Invested Capital	254	-1,830	423	799	-1,348	563	-1,691	-1,971	433	-531
Enterprise Value (EV)	9,997	11,764	13,943	14,123	11,760	10,437	10,680	9,635	10,705	8,837
Market Capitalization	7,262	9,182	11,313	11,320	9,366	8,317	8,141	7,345	8,266	6,952
Book Value per Share	$28.61	$30.85	$31.78	$32.22	$24.54	$24.79	$25.65	$26.74	$27.03	$25.29
Tangible Book Value per Share	$10.37	$15.49	$12.76	$13.42	$9.68	$9.58	$10.21	$11.44	$11.48	$12.35
Total Capital	11,173	11,708	11,916	12,037	9,735	9,849	9,782	10,013	10,945	9,870
Total Debt	4,136	4,200	4,237	4,256	3,728	3,780	3,740	3,728	4,593	4,161
Total Long-Term Debt	4,080	4,140	4,175	4,191	3,665	3,707	3,295	3,283	4,195	3,763
Net Debt	2,473	2,298	2,392	2,573	2,155	1,882	2,338	2,098	2,243	1,711
Capital Expenditures (CapEx)	97	191	238	187	170	207	190	163	154	160
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,546	1,358	1,571	1,858	1,441	989	1,496	1,449	1,536	1,179
Debt-free Net Working Capital (DFNWC)	2,787	2,441	2,521	2,706	2,390	2,523	2,533	2,737	3,536	3,273
Net Working Capital (NWC)	2,731	2,381	2,459	2,641	2,327	2,450	2,088	2,292	3,138	2,875
Net Nonoperating Expense (NNE)	-96	-109	-30	75	52	34	11	11	8.00	167
Net Nonoperating Obligations (NNO)	2,473	-123	2,392	2,573	2,155	1,879	2,338	2,098	2,243	1,708
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	13.47%	10.75%	12.94%	15.41%	11.57%	6.97%	10.38%	10.10%	10.84%	8.37%
Debt-free Net Working Capital to Revenue	24.28%	19.32%	20.76%	22.45%	19.19%	17.77%	17.58%	19.08%	24.96%	23.24%
Net Working Capital to Revenue	23.79%	18.84%	20.25%	21.91%	18.69%	17.26%	14.49%	15.98%	22.15%	20.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.03	$0.95	$0.82	$0.87	$0.21	$0.66	$0.91	$1.34	$1.04	($1.81)
Adjusted Weighted Average Basic Shares Outstanding	266.17M	267.54M	264.47M	233.40M	233.40M	232.80M	227.70M	226.10M	223.10M	223.50M
Adjusted Diluted Earnings per Share	$1.02	$0.95	$0.82	$0.87	$0.21	$0.66	$0.90	$1.34	$1.04	($1.81)
Adjusted Weighted Average Diluted Shares Outstanding	267.65M	269.01M	266.29M	234.40M	235.30M	234.40M	228.30M	227.20M	224.50M	224.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.95	$0.00	$0.00	$0.00	$0.66	$0.00	$0.00	$0.00	($1.81)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	266.01M	265.98M	266.26M	235.06M	235.06M	229.78M	227.84M	227.77M	218.70M	218.68M
Normalized Net Operating Profit after Tax (NOPAT)	199	85	202	305	230	217	247	225	277	-215
Normalized NOPAT Margin	6.18%	4.77%	5.98%	8.30%	6.34%	6.15%	6.87%	6.26%	8.03%	-6.25%
Pre Tax Income Margin	8.06%	2.82%	7.33%	7.52%	6.57%	6.50%	8.07%	8.27%	7.83%	-9.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.55	0.00	27.20	115.00	94.00	0.00	58.40	103.00	69.00	-332.00
NOPAT to Interest Expense	17.79	0.00	20.00	98.93	40.00	0.00	46.39	109.30	64.25	-221.20
EBIT Less CapEx to Interest Expense	15.73	0.00	3.40	52.67	37.33	0.00	20.40	48.67	30.50	-492.00
NOPAT Less CapEx to Interest Expense	8.97	0.00	-3.80	36.60	-16.67	0.00	8.39	54.97	25.75	-381.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.19%	29.04%	21.90%	26.30%	33.04%	37.55%	35.71%	26.63%	21.52%	52.88%
Augmented Payout Ratio	59.82%	52.44%	41.28%	36.07%	33.04%	63.02%	76.09%	62.10%	81.60%	153.63%

Frequently Asked Questions About BorgWarner's Financials

When does BorgWarner's fiscal year end?

According to the most recent income statement we have on file, BorgWarner's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has BorgWarner's net income changed over the last 9 years?

BorgWarner's net income were at $399 million at the end of 2024, a 42.6% decrease from 2023, and a 35.0% decrease since 2015.

What is BorgWarner's operating income?

BorgWarner's total operating income in 2024 was $546 million, based on the following breakdown:

Total Gross Profit: $2.65 billion
Total Operating Expenses: $2.10 billion

How has BorgWarner revenue changed over the last 9 years?

Over the last 9 years, BorgWarner's total revenue changed from $8.02 billion in 2015 to $14.09 billion in 2024, a change of 75.6%.

How much debt does BorgWarner have?

BorgWarner's total liabilities were at $8.29 billion at the end of 2024, a 1.2% decrease from 2023, and a 59.5% increase since 2015.

How has BorgWarner's book value per share changed over the last 9 years?

Over the last 9 years, BorgWarner's book value per share changed from 15.85 in 2015 to 25.29 in 2024, a change of 59.5%.

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This page (NYSE:BWA) was last updated on 4/14/2025 by MarketBeat.com Staff

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BorgWarner (BWA) Financials

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BorgWarner (BWA) Financials

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