Garrett Motion Inc. key statistics and ratios

In fiscal 2025, Garrett Motion Inc. had a net margin of 8.6% and a current ratio of 0.97. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Garrett Motion Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	21.1%	23.7%	23.0%	21.3%	17.8%	19.5%	19.0%	19.5%	20.3%	20.4%	21.1%
Net margin	6.6%	−31.8%	35.7%	9.6%	2.6%	13.6%	10.8%	6.7%	8.1%	8.6%	10.0%
Free-cash-flow margin	7.4%	−1.0%	8.2%	4.3%	−1.8%	−10.5%	7.9%	9.8%	9.1%	9.5%	10.4%
Return on assets	—	−32.8%	47.1%	14.2%	3.0%	17.3%	14.6%	10.1%	11.7%	13.4%	15.4%
Asset turnover	—	1.03	1.32	1.48	1.15	1.27	1.35	1.50	1.45	1.54	1.54
Current ratio	—	0.82	0.82	0.86	1.03	1.00	1.04	1.02	0.93	0.97	1.04
Effective tax rate	20.4%	—	—	9.5%	32.8%	8.0%	21.4%	24.8%	17.8%	20.9%	19.1%
SG&A as % of revenue	6.6%	8.0%	7.4%	7.1%	8.6%	5.9%	6.0%	6.4%	6.9%	6.7%	6.5%
Capital spending as % of revenue	2.8%	3.3%	2.8%	3.1%	2.6%	2.0%	2.5%	2.1%	2.6%	2.0%	2.2%
Free cash flow ÷ net income	111.1%	—	23.1%	44.7%	−68.8%	−77.2%	72.8%	146.4%	112.4%	110.0%	104.8%
Dividends ÷ net income	—	—	—	—	0.0%	0.0%	21.3%	16.1%	0.0%	16.8%	16.4%
Dividends and buybacks ÷ free cash flow	—	—	—	0.0%	—	—	29.2%	66.8%	93.4%	76.2%	77.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Garrett Motion Inc.: financial ratios, 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
Gross margin	21.6%	20.4%	19.8%	20.6%	20.8%	19.9%	21.7%	22.2%
Net margin	11.8%	7.1%	9.5%	8.5%	9.4%	9.6%	10.3%	10.4%
Free-cash-flow margin	12.9%	3.4%	15.7%	10.0%	8.8%	7.0%	13.1%	12.9%
Current ratio	0.93	0.98	1.03	1.02	0.97	0.98	1.00	1.04
SG&A as % of revenue	7.3%	6.7%	6.5%	6.3%	7.3%	5.9%	6.5%	6.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 4 checks passed · September 30, 2026

What it owns · $2.5bn

Short-term assets $1.5bnLonger-term assets $1.0bn

What it owes, and who funded it · $3.1bn

Short-term liabilities $1.5bnLonger-term liabilities $1.7bnShareholders' equity $-618m

Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $1.5bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.5bn short-term assets against $1.7bn of longer-dated liabilities.
More cash than debt $211m of cash against $1.4bn of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $477m of operating cash flow against $1.4bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Garrett Motion Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

45 /100

Moderate moat

How hard Garrett Motion's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 19.9% of total assets over 8 years.
Pricing power 8 / 20

Gross margin has been a median 19.9%, moving by 1.5 percentage points (standard deviation) across 9 years.
Durability 1 / 20

Net margin has been a median 8.4%; its worst year was -2.5%.
Cash conversion 11 / 20

Free cash flow was positive in 6 of 9 years, at a median 8.4% of revenue.
Discipline 10 / 20

The diluted share count rose 154.6% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (50 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Garrett Motion 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 Garrett Motion Inc.