BorgWarner Inc. (BWA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.53B | 3.57B | 3.59B | 3.64B | 3.52B | 3.44B | 3.45B | 3.6B | 3.6B | 3.52B | 3.62B | 3.67B | 3.38B | 3.32B | 3.23B | 3.76B | 3.87B | 3.65B | 3.42B | 3.76B |
| Revenue Growth % | 0.51% | 3.96% | 4.12% | 0.97% | -2.23% | -2.41% | -4.8% | -1.85% | 6.27% | 6.18% | 12.28% | -2.34% | -12.67% | -9.22% | -5.56% | 0.03% | -3.37% | -6.93% | 34.81% | 163.53% |
| Cost of Goods Sold | 2.86B | 2.84B | 2.92B | 3B | 2.88B | 2.76B | 2.82B | 2.92B | 2.95B | 2.86B | 2.97B | 2.99B | 2.81B | 2.68B | 2.62B | 3.05B | 3.12B | 3.03B | 2.77B | 3B |
| COGS % of Revenue | 80.84% | 79.6% | 81.48% | 82.41% | 81.82% | 80.39% | 81.7% | 80.99% | 82.09% | 81.29% | 82% | 81.48% | 82.94% | 80.77% | 81.18% | 81.06% | 80.61% | 82.87% | 80.94% | 79.75% |
| Gross Profit | 677M | 729M | 665M | 640M | 639M | 674M | 631M | 685M | 644M | 659M | 652M | 680M | 577M | 638M | 607M | 712M | 751M | 626M | 651M | 761M |
| Gross Margin % | 19.16% | 20.4% | 18.52% | 17.59% | 18.18% | 19.61% | 18.3% | 19.01% | 17.91% | 18.71% | 18% | 18.52% | 17.06% | 19.23% | 18.82% | 18.94% | 19.39% | 17.13% | 19.06% | 20.25% |
| Gross Profit Growth % | 5.95% | 8.16% | 5.39% | -6.57% | -0.78% | 2.28% | -3.22% | 0.74% | 11.61% | 3.29% | 7.41% | -4.49% | -23.17% | 1.92% | -6.76% | -6.44% | -8.19% | -18.81% | 25.92% | 337.36% |
| Operating Expenses | 328M | 333M | 342M | 320M | 313M | 342M | 341M | 341M | 339M | 364M | 346M | 352M | 298M | 340M | 338M | 389M | 387M | 377M | 349M | 368M |
| OpEx % of Revenue | 9.28% | 9.32% | 9.53% | 8.8% | 8.9% | 9.95% | 9.89% | 9.46% | 9.43% | 10.33% | 9.55% | 9.59% | 8.81% | 10.25% | 10.48% | 10.35% | 9.99% | 10.32% | 10.22% | 9.79% |
| Selling, General & Admin | 328M | 176M | 153M | 323M | 315M | 172M | 151M | 152M | 152M | 188M | 154M | 169M | 132M | 173M | 160M | 182M | 196M | 203M | 165M | 202M |
| SG&A % of Revenue | 9.28% | 4.93% | 4.26% | 8.88% | 8.96% | 5% | 4.38% | 4.22% | 4.23% | 5.34% | 4.25% | 4.6% | 3.9% | 5.22% | 4.96% | 4.84% | 5.06% | 5.56% | 4.83% | 5.38% |
| Research & Development | 177M | 157M | 189M | 0 | 0 | 170M | 190M | 189M | 187M | 176M | 192M | 183M | 166M | 167M | 178M | 207M | 191M | 174M | 184M | 166M |
| R&D % of Revenue | 5.01% | 4.39% | 5.26% | - | - | 4.95% | 5.51% | 5.25% | 5.2% | 5% | 5.3% | 4.98% | 4.91% | 5.03% | 5.52% | 5.51% | 4.93% | 4.76% | 5.39% | 4.42% |
| Other Operating Expenses | -1000K | 0 | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 349M | 396M | 323M | 320M | 326M | 332M | 290M | 344M | 305M | 295M | 306M | 328M | 279M | 298M | 269M | 323M | 364M | 249M | 302M | 393M |
| Operating Margin % | 9.88% | 11.08% | 9% | 8.8% | 9.27% | 9.66% | 8.41% | 9.55% | 8.48% | 8.38% | 8.45% | 8.93% | 8.25% | 8.98% | 8.34% | 8.59% | 9.4% | 6.81% | 8.84% | 10.46% |
| Operating Income Growth % | 7.06% | 19.28% | 11.38% | -6.98% | 6.89% | 12.54% | -5.23% | 4.88% | 9.32% | -1.01% | 13.75% | 1.55% | -23.35% | 19.68% | -10.93% | -17.81% | -17.27% | -41.13% | -3.82% | 3672.73% |
| EBITDA | 494M | 562M | 542M | 499M | 481M | 510M | 475M | 504M | 455M | 450M | 364M | 470M | 421M | 438M | 316M | 508M | 544M | 436M | 497M | 588M |
| EBITDA Margin % | 13.98% | 15.73% | 15.1% | 13.72% | 13.68% | 14.84% | 13.78% | 13.99% | 12.66% | 12.78% | 10.05% | 12.8% | 12.44% | 13.2% | 9.8% | 13.51% | 14.04% | 11.93% | 14.55% | 15.65% |
| EBITDA Growth % | 2.7% | 10.2% | 14.11% | -0.99% | 5.71% | 13.33% | 30.49% | 7.23% | 8.08% | 2.74% | 15.19% | -7.48% | -22.61% | 0.46% | -36.42% | -13.61% | -14.33% | -28.99% | 15.85% | 482.18% |
| D&A (Non-Cash Add-back) | 145M | 166M | 219M | 179M | 155M | 178M | 185M | 160M | 150M | 155M | 58M | 142M | 142M | 140M | 47M | 185M | 180M | 187M | 195M | 195M |
| EBIT | 349M | 396M | 279M | 308M | 260M | -285M | 300M | 320M | 311M | 251M | 265M | 301M | 271M | 238M | 283M | 316M | 340M | 182M | 223M | 349M |
| Net Interest Income | 3M | -12M | -15M | -12M | -12M | -16M | -13M | -8M | -5M | -7M | 19M | -12M | -10M | -10M | -12M | -15M | -15M | -18M | -18M | -39M |
| Interest Income | 14M | 16M | 16M | 12M | 16M | 18M | 17M | 9M | 10M | 0 | 19M | 7M | 7M | 10M | 6M | 6M | 4M | 3M | 3M | 3M |
| Interest Expense | 11M | 28M | 31M | 24M | 28M | 34M | 30M | 17M | 15M | 7M | 0 | 19M | 17M | 20M | 18M | 21M | 19M | 21M | 21M | 42M |
| Other Income/Expense | -21M | -636M | -75M | -36M | -94M | -651M | -20M | -46M | -15M | -66M | -68M | -52M | -31M | -84M | -9M | -35M | -49M | -94M | -106M | -91M |
| Pretax Income | 328M | -240M | 248M | 284M | 232M | -319M | 270M | 298M | 290M | 229M | 238M | 276M | 248M | 214M | 260M | 288M | 315M | 155M | 196M | 302M |
| Pretax Margin % | 9.28% | -6.72% | 6.91% | 7.81% | 6.6% | -9.28% | 7.83% | 8.27% | 8.07% | 6.5% | 6.57% | 7.52% | 7.33% | 6.45% | 8.06% | 7.66% | 8.13% | 4.24% | 5.74% | 8.04% |
| Income Tax | 73M | 1M | 75M | 52M | 61M | 67M | 13M | -31M | 62M | 59M | 133M | 30M | 67M | 18M | 68M | 57M | 91M | 1M | 79M | 28M |
| Effective Tax Rate % | 22.26% | -0.42% | 30.24% | 18.31% | 26.29% | -21% | 4.81% | -10.4% | 21.38% | 25.76% | 55.88% | 10.87% | 27.02% | 8.41% | 26.15% | 19.79% | 28.89% | 0.65% | 40.31% | 9.27% |
| Net Income | 242M | -262M | 158M | 224M | 157M | -405M | 234M | 303M | 206M | 154M | 50M | 204M | 217M | 255M | 273M | 216M | 200M | 129M | 96M | 247M |
| Net Margin % | 6.85% | -7.33% | 4.4% | 6.16% | 4.47% | -11.78% | 6.79% | 8.41% | 5.73% | 4.37% | 1.38% | 5.56% | 6.41% | 7.69% | 8.46% | 5.75% | 5.16% | 3.53% | 2.81% | 6.57% |
| Net Income Growth % | 54.14% | 35.31% | -32.48% | -26.07% | -23.79% | -362.99% | 368% | 48.53% | -5.07% | -39.61% | -81.69% | -5.56% | 8.5% | 97.67% | 184.38% | -12.55% | 207.69% | -63.97% | -13.51% | 352.04% |
| Net Income (Continuing) | 255M | -241M | 173M | 232M | 171M | -386M | 257M | 329M | 228M | 170M | 105M | 246M | 181M | 196M | 192M | 231M | 224M | 154M | 117M | 274M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 163M | 172M | 161M | 146M | 170M | 174M | 196M | 192M | 201M | 238M | 239M | 230M | 238M | 284M | 262M | 282M | 288M | 314M | 374M | 373M |
| EPS (Diluted) | 1.16 | -1.23 | 0.73 | 1.03 | 0.72 | -1.85 | 1.04 | 1.33 | 0.90 | 0.66 | 0.21 | 0.87 | 0.93 | 1.09 | 1.16 | 0.91 | 0.84 | 0.54 | 0.40 | 1.03 |
| EPS Growth % | 61.11% | 33.51% | -29.81% | -22.56% | -20% | -380.3% | 395.24% | 52.87% | -3.23% | -39.45% | -81.9% | -4.4% | 10.71% | 101.85% | 190% | -11.65% | 211.11% | -64% | -24.53% | 314.58% |
| EPS (Basic) | 1.18 | -1.23 | 0.73 | 1.04 | 0.72 | -1.85 | 1.05 | 1.34 | 0.90 | 0.67 | 0.21 | 0.87 | 0.93 | 1.09 | 1.17 | 0.91 | 0.84 | 0.54 | 0.40 | 1.03 |
| Diluted Shares Outstanding | 208.3M | 212.9M | 216.5M | 218.1M | 218.1M | 219.1M | 224.5M | 227.2M | 228.3M | 233.6M | 235.3M | 234.4M | 234.4M | 234.5M | 235.6M | 238M | 239M | 240.2M | 239.8M | 239.6M |
| Basic Shares Outstanding | 205.3M | 212.9M | 216.5M | 217.2M | 217.2M | 218.67M | 223.1M | 226.1M | 227.7M | 231.59M | 233.4M | 233.4M | 232.8M | 234.5M | 234.3M | 236.9M | 238.2M | 239.78M | 238.2M | 238.2M |
| Dividend Payout Ratio | 14.46% | - | 22.78% | 10.71% | 15.29% | - | 10.26% | 8.25% | 12.14% | 16.23% | 52% | 19.61% | 17.97% | 15.69% | 14.29% | 18.98% | 20.5% | 31.01% | 42.71% | 16.6% |