BorgWarner Income Statement

BWA / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

BorgWarner reported $14.3B in revenue and $277M in net income for FY2025. Revenue has grown at a 5.1% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$14.3B	$14.1B	$14.2B	$12.6B	$11.8B	$10.2B	$9.8B	$10.5B	$9.8B	$9.1B	$8.0B	$8.3B	$7.1B	$5.7B	$7.1B
Cost of Revenue	$11.6B	$11.4B	$11.6B	$10.3B	$9.6B	$8.3B	$7.7B	$8.3B	$7.7B	$7.1B	$6.3B	$6.5B	$5.7B	$4.6B	$5.7B
Gross Profit	$2.7B	$2.6B	$2.6B	$2.4B	$2.2B	$1.9B	$2.1B	$2.2B	$2.1B	$1.9B	$1.7B	$1.8B	$1.4B	$1.1B	$1.4B
SG&A Expense	$1.3B	$1.4B	$1.3B	$1.3B	$1.1B	$951.0M	$899.0M	$946.0M	$899.0M	$818.0M	$662.0M	$698.9M	$621.0M	$566.6M	$621.0M
R&D Expense	$710.0M	$736.0M	$717.0M	$701.0M	$586.0M	$476.0M	$408.0M	$440.0M	$408.0M	$343.2M	$307.4M	$336.2M	$243.7M	$185.0M	$243.7M
Operating Income	$536.0M	$546.0M	$1.2B	$1.0B	$914.0M	$618.0M	$1.1B	$1.2B	$1.1B	$973.2M	$939.7M	$963.7M	$797.5M	$504.3M	$797.5M
Interest Expense	$99.0M	$84.0M	$73.0M	$71.0M	$82.0M	$73.0M	-	-	-	-	-	-	-	-	-
Income Tax	$189.0M	$111.0M	$289.0M	$195.0M	$65.0M	$397.0M	$580.0M	$211.0M	$580.0M	$306.0M	$280.4M	$292.6M	$195.3M	$81.7M	$195.3M
Net Income	$277.0M	$338.0M	$625.0M	$944.0M	$537.0M	$500.0M	$440.0M	$931.0M	$440.0M	$595.0M	$609.7M	$655.8M	$550.1M	$377.4M	$550.1M
EPS (Basic)	$1.29	$1.51	$2.68	$2.35	$3.63	$2.35	$2.09	$2.78	$2.72	$2.78	$2.73	$2.22	$2.52	$3.31	$2.52
EPS (Diluted)	$1.28	$1.50	$2.67	$2.34	$3.61	$2.34	$2.08	$2.76	$2.70	$2.76	$2.70	$2.09	$2.22	$3.07	$2.22
Shares Outstanding	216.4M	218.7M	229.8M	239.8M	206.8M	214.0M	208.2M	210.8M	212.3M	212.3M	226.4M	227.9M	231.1M	108.5M	108.5M
Gross Margin	18.7%	18.8%	18.1%	18.8%	18.4%	18.8%	21.6%	21.2%	21.6%	21.3%	21.2%	21.1%	19.8%	19.3%	19.8%
Operating Margin	3.7%	3.9%	8.2%	8.0%	7.7%	6.1%	10.9%	11.3%	10.9%	10.7%	11.7%	11.6%	11.2%	8.9%	11.2%
Profit Margin	1.9%	2.4%	4.4%	7.5%	4.5%	4.9%	4.5%	8.8%	4.5%	6.6%	7.6%	7.9%	7.7%	6.7%	7.7%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

BorgWarner Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$14.3B

$14.1B

$14.2B

$12.6B

$11.8B

$10.2B

$9.8B

$10.5B

$9.8B

$9.1B

$8.0B

$8.3B

$7.1B

$5.7B

$7.1B

Cost of Revenue

$11.6B

$11.4B

$11.6B

$10.3B

$9.6B

$8.3B

$7.7B

$8.3B

$7.7B

$7.1B

$6.3B

$6.5B

$5.7B

$4.6B

$5.7B

Gross Profit

$2.7B

$2.6B

$2.4B

$2.2B

$1.9B

$2.1B

$2.2B

$2.1B

$1.9B

$1.7B

$1.8B

$1.4B

$1.1B

$1.4B

SG&A Expense

$1.3B

$1.4B

$1.3B

$1.1B

$951.0M

$899.0M

$946.0M

$899.0M

$818.0M

$662.0M

$698.9M

$621.0M

$566.6M

$621.0M

R&D Expense

$710.0M

$736.0M

$717.0M

$701.0M

$586.0M

$476.0M

$408.0M

$440.0M

$408.0M

$343.2M

$307.4M

$336.2M

$243.7M

$185.0M

$243.7M

Operating Income

$536.0M

$546.0M

$1.2B

$1.0B

$914.0M

$618.0M

$1.1B

$1.2B

$1.1B

$973.2M

$939.7M

$963.7M

$797.5M

$504.3M

$797.5M

Interest Expense

$99.0M

$84.0M

$73.0M

$71.0M

$82.0M

$73.0M

Income Tax

$189.0M

$111.0M

$289.0M

$195.0M

$65.0M

$397.0M

$580.0M

$211.0M

$580.0M

$306.0M

$280.4M

$292.6M

$195.3M

$81.7M

$195.3M

Net Income

$277.0M

$338.0M

$625.0M

$944.0M

$537.0M

$500.0M

$440.0M

$931.0M

$440.0M

$595.0M

$609.7M

$655.8M

$550.1M

$377.4M

$550.1M

EPS (Basic)

$1.29

$1.51

$2.68

$2.35

$3.63

$2.35

$2.09

$2.78

$2.72

$2.78

$2.73

$2.22

$2.52

$3.31

$2.52

EPS (Diluted)

$1.28

$1.50

$2.67

$2.34

$3.61

$2.34

$2.08

$2.76

$2.70

$2.76

$2.70

$2.09

$2.22

$3.07

$2.22

Shares Outstanding

216.4M

218.7M

229.8M

239.8M

206.8M

214.0M

208.2M

210.8M

212.3M

226.4M

227.9M

231.1M

108.5M

Gross Margin

18.7%

18.8%

18.1%

18.8%

18.4%

18.8%

21.6%

21.2%

21.6%

21.3%

21.2%

21.1%

19.8%

19.3%

19.8%

Operating Margin

3.7%

3.9%

8.2%

8.0%

7.7%

6.1%

10.9%

11.3%

10.9%

10.7%

11.7%

11.6%

11.2%

8.9%

11.2%

Profit Margin

1.9%

2.4%

4.4%

7.5%

4.5%

4.9%

4.5%

8.8%

4.5%

6.6%

7.6%

7.9%

7.7%

6.7%

7.7%