Garrett Motion Inc. income statement
In fiscal 2025, Garrett Motion Inc. reported revenue of $3.58bn, up 3.1% on the year before and net income of $310m, or $1.52 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
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,997 | 3,096 | 3,375 | 3,248 | 3,034 | 3,633 | 3,603 | 3,886 | 3,475 | 3,584 | 3,782 |
| Cost of revenue | 2,365 | 2,361 | 2,599 | 2,555 | 2,495 | 2,926 | 2,920 | 3,130 | 2,770 | 2,853 | 2,983 |
| Gross profit | 632 | 735 | 776 | 693 | 539 | 707 | 683 | 756 | 705 | 731 | 799 |
| Selling, general and administrative | 197 | 249 | 249 | 231 | 260 | 216 | 216 | 247 | 240 | 240 | 244 |
| Interest expense | 7 | 8 | 19 | 68 | 79 | 83 | 8 | 159 | — | — | — |
| Income before tax | 250 | 366 | 396 | 346 | 119 | 538 | 496 | 347 | 343 | 392 | 466 |
| Income tax | 51 | 1,349 | −810 | 33 | 39 | 43 | 106 | 86 | 61 | 82 | 89 |
| Net income | 199 | −983 | 1,206 | 313 | 80 | 495 | 390 | 261 | 282 | 310 | 377 |
| Diluted EPS | $3.36 | −$16.59 | $20.26 | $5.15 | $1.31 | $7.80 | $0.75 | −$0.31 | $1.26 | $1.52 | $1.95 |
| Diluted shares (average) | 59m | 59m | 60m | 61m | 61m | 64m | 65m | 167m | 224m | 204m | 193m |
| 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 | 844 | 878 | 913 | 902 | 891 | 985 | 976 | 930 |
| Cost of revenue | 662 | 699 | 732 | 716 | 706 | 789 | 764 | 724 |
| Gross profit | 182 | 179 | 181 | 186 | 185 | 196 | 212 | 206 |
| Selling, general and administrative | 62 | 59 | 59 | 57 | 65 | 58 | 63 | 58 |
| Income before tax | 99 | 85 | 102 | 102 | 103 | 118 | 126 | 119 |
| Income tax | −1 | 23 | 15 | 25 | 19 | 23 | 25 | 22 |
| Net income | 100 | 62 | 87 | 77 | 84 | 95 | 101 | 97 |
| Diluted EPS | $0.47 | $0.30 | $0.42 | $0.38 | $0.42 | $0.49 | $0.53 | $0.51 |
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