Borgwarner Inc income statement

In fiscal 2025, Borgwarner Inc reported revenue of $14.32bn, up 1.6% on the year before, operating income of $536m (a 3.7% margin) and net income of $277m, or $1.28 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Borgwarner Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	4.0	5.7	7.1	7.2	7.4	8.3	8.0	9.1	9.8	10.5	10.2	10.2	11.8	12.6	14.2	14.1	14.3	14.2
Cost of revenue	—	—	—	—	—	—	—	7.1	7.7	8.3	8.1	8.3	9.6	10.3	11.6	11.4	11.6	11.4
Gross profit	0.6	1.1	1.4	1.5	1.6	1.8	1.7	1.9	2.1	2.2	2.1	1.9	2.2	2.4	2.6	2.6	2.7	2.8
Research and development	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.5	0.6	0.7	0.7	0.7	0.7	0.7
Selling, general and administrative	0.5	0.6	0.6	0.6	0.6	0.7	0.7	0.8	0.9	0.9	0.9	1.0	1.1	1.3	1.3	1.4	1.3	1.3
Operating income	0.1	0.5	0.8	0.8	0.9	1.0	0.9	1.0	1.1	1.2	1.3	0.6	0.9	1.0	1.2	0.5	0.5	0.8
Interest expense	—	—	—	—	—	—	—	—	—	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Net interest income	—	—	—	—	—	—	—	—	—	—	−0.0	−0.1	−0.1	−0.1	−0.0	−0.0	−0.0	—
Income before tax	0.0	0.5	0.8	0.8	0.9	1.0	0.9	0.9	1.1	1.2	1.3	1.0	0.5	0.9	1.0	0.5	0.5	0.8
Income tax	−0.0	0.1	0.2	0.2	0.2	0.3	0.3	0.3	0.6	0.2	0.5	0.4	0.1	0.2	0.3	0.1	0.2	0.2
Net income	0.0	0.4	0.6	0.5	0.6	0.7	0.6	0.6	0.4	0.9	0.7	0.5	0.5	0.9	0.6	0.3	0.3	0.5
Diluted EPS	$0.12	$1.53	$1.95	$1.84	$2.70	$2.86	$2.56	$2.76	$2.08	$4.44	$3.61	$2.34	$2.24	$3.99	$2.67	$1.50	$1.28	$2.30
Diluted shares (average)	266m	294m	292m	276m	263m	260m	256m	245m	240m	238m	235m	243m	240m	237m	234m	225m	216m	208m
EBITDA	0.3	0.8	1.1	1.0	1.2	1.3	1.2	1.4	1.5	1.6	1.7	1.2	1.5	1.6	1.7	1.2	1.3	1.4

US$ millions unless shown otherwise. Fiscal quarters.

Borgwarner Inc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	3,439	3,515	3,638	3,591	3,572	3,533	3,648	3,487
Cost of revenue	2,756	2,876	2,998	2,927	2,841	2,856	2,927	2,825
Gross profit	683	639	640	664	731	677	721	662
Research and development	170	182	182	189	157	177	176	172
Selling, general and administrative	340	315	317	341	331	328	331	310
Operating income	−316	237	289	248	−238	336	370	302
Interest expense	28	28	24	25	22	25	25	17
Net interest income	−3	−12	−12	−9	−6	−11	—	—
Income before tax	29	232	284	248	−240	328	372	298
Income tax	67	61	52	75	1	73	81	65
Net income	−405	157	224	158	−262	242	277	221
Diluted EPS	−$1.78	$0.72	$1.03	$0.73	−$1.20	$1.16	$1.34	$1.08
EBITDA	−138	392	468	467	−72	481	519	455

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Borgwarner Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Borgwarner Inc.