BorgWarner Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.32B | $14.09B | $14.20B | $12.64B | $11.80B | $10.17B | $10.17B | $10.53B |
| Cost of Revenue | $11.64B | $11.44B | $11.63B | $10.27B | $9.63B | $8.26B | $8.07B | $8.30B |
| Gross Profit | $2.67B | $2.65B | $2.57B | $2.37B | $2.17B | $1.91B | $2.10B | $2.23B |
| Gross Margin | 18.7% | 18.8% | 18.1% | 18.7% | 18.4% | 18.8% | 20.7% | 21.2% |
| Operating Expenses | ||||||||
| Research & Development | $710.0M | $736.0M | $717.0M | $701.0M | $586.0M | $476.0M | $413.0M | $440.0M |
| SG&A Expense | $1.30B | $1.35B | $1.32B | $1.29B | $1.09B | $951.0M | $873.0M | $946.0M |
| Operating Income | $536.0M | $546.0M | $1.16B | $1.01B | $914.0M | $618.0M | $1.30B | $1.19B |
| Operating Margin | 3.7% | 3.9% | 8.2% | 8.0% | 7.7% | 6.1% | 12.8% | 11.3% |
| Interest Expense | $99.0M | $84.0M | $73.0M | $71.0M | $82.0M | $73.0M | $55.0M | — |
| Pretax Income | $524.0M | $539.0M | $991.0M | $913.0M | $510.0M | $964.0M | $1.27B | $1.20B |
| Income Tax Expense | $189.0M | $111.0M | $289.0M | $195.0M | $65.0M | $397.0M | $468.0M | $211.0M |
| Net Income | $277.0M | $338.0M | $625.0M | $944.0M | $537.0M | $500.0M | $746.0M | $931.0M |
| Net Margin | 1.9% | 2.4% | 4.4% | 7.5% | 4.5% | 4.9% | 7.3% | 8.8% |
| EPS (Basic) | $1.29 | $1.51 | $2.68 | $4.01 | $2.25 | $2.35 | $3.63 | $4.47 |
| EPS (Diluted) | $1.28 | $1.50 | $2.67 | $3.99 | $2.24 | $2.34 | $3.61 | $4.44 |
| Shares Outstanding (Basic) | 214.2M | 223.5M | 232.8M | 235.5M | 238.1M | 213.0M | 205.7M | 208.2M |
| Shares Outstanding (Diluted) | 216.4M | 224.8M | 234.4M | 236.8M | 239.5M | 214.0M | 206.8M | 209.5M |
| Dividends Per Share | $0.56 | $0.44 | $0.56 | $0.68 | $0.68 | $0.68 | $0.68 | $0.68 |