Aptiv vs Borgwarner
Aptiv is the larger business, with $20.40bn of revenue in fiscal 2025 against $14.32bn for Borgwarner (1.4 times as much). Aptiv grew faster (3.5% against 1.6%). Borgwarner kept more of each dollar of sales as profit: a net margin of 1.9% against 0.8%.
| Latest fiscal year | AptivAPTV, 2025 | BorgwarnerBWA, 2025 |
|---|---|---|
| Revenue | $20.40bn | $14.32bn |
| Revenue growth | 3.5% | 1.6% |
| Net income | $165m | $277m |
| Operating margin | 5.8% | — |
| Net margin | 0.8% | 1.9% |
| Return on equity | 1.8% | 5.0% |
| Free cash flow | $1.53bn | $1.18bn |
| Cash | $1.57bn | $2.31bn |
| Total debt | $7.68bn | $3.90bn |
| Debt to equity | 83.4% | — |
| Dividend per share | — | $0.56 |
| Dividend yield | — | 1.3% |
| Share buybacks | $397m | $508m |
| Employees | 140,000 | — |
| Market value | $8.67bn | $10.61bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 54 (Moderate) | 60 (Moderate) |
| Insider trades, 12 months | 8 buys, 7 sales | 1 buys, 30 sales |