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NYSE · Consumer Discretionary

BORGWARNER INC (BWA)

As-reported financials and SEC filings for BORGWARNER INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BORGWARNER INC

BorgWarner Inc. is a global manufacturer of technology solutions for combustion, hybrid, and electric vehicles. The company produces products such as turbochargers, drivetrain components, power electronics, electric motors, and lithium-ion battery systems primarily for original equipment manufacturers of light, commercial, and off-highway vehicles. BorgWarner operates manufacturing facilities worldwide and serves nearly every major automotive original equipment manufacturer.

Snapshot

Revenue
$14.32B
Revenue growth (YoY)
1.6%
Net income
$277.0M
Diluted EPS
$1.28
Gross margin
18.7%
Operating margin
3.7%
Net margin
1.9%
FCF margin
8.2%
ROE
4.9%
net income / fiscal-year-end equity
P/E
31.6×
trailing when available, otherwise FY EPS
Market cap
$13.07B
Long-term debt / equity
0.69×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Borgwarner

  • Revenue grew 1.6% to $14.3B in FY2025, after a 0.8% decline the year before.
  • Operating margin is 3.7% in FY2025, -4.0 pp against 7.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $3.6B, up 0.3% from Q2 FY2025.
  • Free cash flow was $1.2B in FY2025, 8.2% of revenue.
  • Net income fell 18.0% to $277M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Borgwarner’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin18.7%
20th percentile of 275
Operating margin3.7%
48th percentile of 348
Net margin1.9%
47th percentile of 377
FCF margin8.2%
73rd percentile of 351
Revenue growth (YoY)+1.6%
41st percentile of 394
ROE4.9%
45th percentile of 343
P/E31.6×
79th percentile of 249
Long-term debt / equity0.69×
60th percentile of 234
Short interest2.73d
34th percentile of 401

1 reported insider purchase (code P) totaling $500,664 in the last 90 days, against 9 sales totaling $6.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+5 quant / multi-strat
Initiated / added
2
1 new, 1 added
Reduced / exited
8
7 trimmed, 1 exited
Combined position
$786.5M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$380.0M5.7MReduced
Point72 Asset ManagementquantQ2 2026$142.9M2.2MAdded
Millennium ManagementquantQ2 2026$126.8M1.9MReduced
Gotham Asset ManagementQ2 2026$63.1M950.3KReduced
Bridgewater AssociatesQ2 2026$41.4M623.5KReduced
D. E. ShawquantQ2 2026$15.3M231.0KReduced
Harris Associates (Oakmark)Q2 2026$12.9M193.7KReduced
Two Sigma InvestmentsquantQ2 2026$2.8M41.4KReduced
Soros Fund ManagementQ2 2026$1.3M19.4KNew

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$501K
code P value
Sells (90d)
9
$6.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Hanley Michael SDirectorSell5.0K$65.51$328K
2026-08-24
filed 2026-08-25
CALAWAY TONIT MEVP, CAO, Gen Counsel & SecSell22.0K$66.26$1.5M
2026-08-19
filed 2026-08-20
Kalathur RajeshDirectorBuy7.4K$67.59$501K
2026-08-18
filed 2026-08-20
Kulikowski Amy B.VP & Chief Accounting OfficerSell2.9K$68.60$199K
2026-08-17
filed 2026-08-18
CALAWAY TONIT MEVP, CAO, Gen Counsel & SecSell26.6K$69.44$1.8M
2026-08-17
filed 2026-08-18
CALAWAY TONIT MEVP, CAO, Gen Counsel & SecSell17.4K$69.97$1.2M
2026-08-17
filed 2026-08-18
McAlmont ShaunDirectorSell7.0K$69.36$486K
2026-08-17
filed 2026-08-18
McKenzie IsabelleVice PresidentSell4.5K$70.39$317K
2026-08-17
filed 2026-08-18
Demmerle StefanVice PresidentSell1.0K$70.00$70K
2026-06-05
filed 2026-06-08
Shankar SailajaDirectorSell5.0K$73.08$365K
2026-05-28
filed 2026-05-29
Weng VolkerVice PresidentSell5.0K$72.35$362K
2026-05-14
filed 2026-05-15
Weng VolkerVice PresidentSell5.0K$67.71$339K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.7M
settled 2026-08-14
Change vs prior
-24.1%
vs previous settlement
Days to cover
2.73
at avg daily volume
Avg daily volume
2.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.7M-24.1%2.73
2026-07-318.8M-4.0%3.90
2026-07-159.2M+22.1%4.17
2026-06-307.5M-22.4%2.50
2026-06-159.7M-4.2%2.75
2026-05-2910.1M+20.0%2.69
2026-05-158.4M+30.0%2.10
2026-04-306.5M+1.0%3.77

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$14.32B$14.09B$14.20B$12.63B$11.80B
Gross profit$2.67B$2.65B$2.57B$2.37B$2.17B
Operating income$536.0M$546.0M$1.16B$1.01B$914.0M
Net income$277.0M$338.0M$625.0M$944.0M$537.0M
Diluted EPS$1.28$1.50$2.67$3.99$2.24

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.65B$1.38B$1.40B$1.18B$1.21B
Capital expenditure$469.0M$671.0M$832.0M$622.0M$514.0M
Free cash flow$1.18B$711.0M$565.0M$558.0M$696.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.65B0.3%$277.0M$1.34
Q1 FY2026$3.53B0.5%$242.0M$1.16
Q4 FY2025$3.57B3.9%$-262.0M$-1.23
Q3 FY2025$3.59B4.1%$158.0M$0.73
Q2 FY2025$3.64B1.0%$224.0M$1.03
Q1 FY2025$3.52B-2.2%$157.0M$0.72
Q4 FY2024$3.44B-2.4%$-405.0M$-1.85
Q3 FY2024$3.45B-4.8%$234.0M$1.04

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryMotor Vehicle Parts & Accessories
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK908255

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-31
View on EDGAR →
8-K2026-05-28
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.