Borgwarner vs Lear
Lear is the larger business, with $23.26bn of revenue in fiscal 2025 against $14.32bn for Borgwarner (1.6 times as much). Borgwarner grew faster (1.6% against -0.2%). Borgwarner kept more of each dollar of sales as profit: a net margin of 1.9% against 1.9%.
| Latest fiscal year | BorgwarnerBWA, 2025 | LearLEA, 2025 |
|---|---|---|
| Revenue | $14.32bn | $23.26bn |
| Revenue growth | 1.6% | -0.2% |
| Net income | $277m | $437m |
| Operating margin | — | 3.3% |
| Net margin | 1.9% | 1.9% |
| Return on equity | 5.0% | 9.2% |
| Free cash flow | $1.18bn | $527m |
| Cash | $2.31bn | $1.03bn |
| Total debt | $3.90bn | $2.74bn |
| Debt to equity | — | 54.5% |
| Dividend per share | $0.56 | — |
| Dividend yield | 1.3% | 2.6% |
| Share buybacks | $508m | $325m |
| Employees | — | 173,700 |
| Market value | $10.61bn | $5.88bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 60 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 1 buys, 30 sales | 0 buys, 22 sales |