BorgWarner (BWA)
Market Price (9/8/2026): $67.53 | Market Cap: $13.7 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
BorgWarner (BWA)
Market Price (9/8/2026): $67.53Market Cap: $13.7 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Attractive yieldFCF Yield is 9.1% Stock buyback supportStock Buyback 3Y Total is 1.3 Bil Low stock price volatilityVol 12M is 41% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Battery Technology & Metals. Themes include EV Manufacturing, Show more. | Key risksBWA key risks include [1] its significant dependence on a small number of major OEM customers and [2] challenges related to the automotive industry's accelerating transition to eMobility. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Attractive yieldFCF Yield is 9.1% |
| Stock buyback supportStock Buyback 3Y Total is 1.3 Bil |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Battery Technology & Metals. Themes include EV Manufacturing, Show more. |
| Key risksBWA key risks include [1] its significant dependence on a small number of major OEM customers and [2] challenges related to the automotive industry's accelerating transition to eMobility. |
Qualitative Assessment
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BorgWarner (BWA) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Organic Net Sales Decline and Weakness in Battery Energy Systems Segment. BorgWarner experienced a 1.2% year-over-year decline in organic net sales during fiscal Q2 2026 (ending June 30, 2026), despite a slight increase in U.S. GAAP net sales of 0.3%. This organic sales contraction was primarily driven by lower market production volumes and a significant approximately $60 million decrease in sales from its Battery Energy Systems segment, which continued to be a drag on overall revenue.
2. Broader Automotive Market Headwinds. The company's performance in fiscal Q2 2026 was impacted by a general downturn in global light vehicle production volumes. This challenging external environment for the automotive industry contributed to the pressure on BorgWarner's organic sales, as the company's weighted end-market production was expected to be flat to down 3% for the full year.
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BorgWarner (BWA) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Organic Net Sales Decline and Weakness in Battery Energy Systems Segment. BorgWarner experienced a 1.2% year-over-year decline in organic net sales during fiscal Q2 2026 (ending June 30, 2026), despite a slight increase in U.S. GAAP net sales of 0.3%. This organic sales contraction was primarily driven by lower market production volumes and a significant approximately $60 million decrease in sales from its Battery Energy Systems segment, which continued to be a drag on overall revenue.
2. Broader Automotive Market Headwinds. The company's performance in fiscal Q2 2026 was impacted by a general downturn in global light vehicle production volumes. This challenging external environment for the automotive industry contributed to the pressure on BorgWarner's organic sales, as the company's weighted end-market production was expected to be flat to down 3% for the full year.
3. Investor Apprehension Regarding Electrification Transition. Despite beating analyst estimates for adjusted EPS by $0.14 at $1.42 and raising full-year 2026 adjusted EPS guidance, sustained weakness and volatility in the Battery Energy Systems segment likely fueled investor concerns about BorgWarner's long-term electrification strategy. While the company announced new business awards for eProducts, the segment's underperformance, coupled with a slowdown in new EV sales in the U.S. following the discontinuation of federal tax credits in Q3 2025, may have led to a more cautious market outlook on BorgWarner's transition from traditional combustion to electrified technologies.
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Stock Movement Drivers
Fundamental Drivers
The -5.5% change in BWA stock from 5/31/2026 to 9/7/2026 was primarily driven by a -18.5% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.46 | 67.54 | -5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,334 | 14,344 | 0.1% |
| Net Income Margin (%) | 2.5% | 2.9% | 14.6% |
| P/E Multiple | 40.5 | 33.0 | -18.5% |
| Shares Outstanding (Mil) | 205 | 203 | 1.1% |
| Cumulative Contribution | -5.5% |
Market Drivers
5/31/2026 to 9/7/2026| Return | Correlation | |
|---|---|---|
| BWA | -5.5% | |
| Market (SPY) | 1.8% | 41.4% |
| Sector (XLY) | -4.9% | 13.6% |
Fundamental Drivers
The 18.3% change in BWA stock from 2/28/2026 to 9/7/2026 was primarily driven by a 49.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.11 | 67.54 | 18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,316 | 14,344 | 0.2% |
| Net Income Margin (%) | 1.9% | 2.9% | 49.5% |
| P/E Multiple | 43.2 | 33.0 | -23.6% |
| Shares Outstanding (Mil) | 210 | 203 | 3.3% |
| Cumulative Contribution | 18.3% |
Market Drivers
2/28/2026 to 9/7/2026| Return | Correlation | |
|---|---|---|
| BWA | 18.3% | |
| Market (SPY) | 12.6% | 52.1% |
| Sector (XLY) | -1.5% | 33.6% |
Fundamental Drivers
The 60.5% change in BWA stock from 8/31/2025 to 9/7/2026 was primarily driven by a 93.4% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.08 | 67.54 | 60.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,041 | 14,344 | 2.2% |
| Net Income Margin (%) | 1.5% | 2.9% | 93.4% |
| P/E Multiple | 43.3 | 33.0 | -23.8% |
| Shares Outstanding (Mil) | 216 | 203 | 6.6% |
| Cumulative Contribution | 60.5% |
Market Drivers
8/31/2025 to 9/7/2026| Return | Correlation | |
|---|---|---|
| BWA | 60.5% | |
| Market (SPY) | 20.4% | 36.9% |
| Sector (XLY) | -0.3% | 25.6% |
Fundamental Drivers
The 72.4% change in BWA stock from 8/31/2023 to 9/7/2026 was primarily driven by a 242.9% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.18 | 67.54 | 72.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,597 | 14,344 | 5.5% |
| Net Income Margin (%) | 7.0% | 2.9% | -58.5% |
| P/E Multiple | 9.6 | 33.0 | 242.9% |
| Shares Outstanding (Mil) | 233 | 203 | 15.0% |
| Cumulative Contribution | 72.4% |
Market Drivers
8/31/2023 to 9/7/2026| Return | Correlation | |
|---|---|---|
| BWA | 72.4% | |
| Market (SPY) | 77.1% | 43.0% |
| Sector (XLY) | 37.7% | 38.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BWA Return | 18% | -9% | 3% | -10% | 44% | 47% | 110% |
| Peers Return | 13% | -23% | 3% | -27% | 41% | 10% | 1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| BWA Win Rate | 75% | 33% | 42% | 42% | 67% | 67% | |
| Peers Win Rate | 50% | 33% | 45% | 33% | 58% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| BWA Max Drawdown | -24% | -36% | -32% | -17% | -24% | -24% | |
| Peers Max Drawdown | -26% | -44% | -33% | -38% | -29% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MGA, DAN, APTV, LEA, VC. See BWA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | BWA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.0% | -18.8% |
| % Gain to Breakeven | 19.0% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.2% | -9.5% |
| % Gain to Breakeven | 43.3% | 10.5% |
| Time to Breakeven | 694 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.9% | -6.7% |
| % Gain to Breakeven | 16.1% | 7.1% |
| Time to Breakeven | 60 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.6% | -24.5% |
| % Gain to Breakeven | 42.1% | 32.4% |
| Time to Breakeven | 104 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.4% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.6% | -19.2% |
| % Gain to Breakeven | 30.9% | 23.8% |
| Time to Breakeven | 109 days | 105 days |
In The Past
BorgWarner's stock fell -16.0% during the 2025 US Tariff Shock. Such a loss loss requires a 19.0% gain to breakeven.
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Asset Allocation
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| Event | BWA | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.2% | -9.5% |
| % Gain to Breakeven | 43.3% | 10.5% |
| Time to Breakeven | 694 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.6% | -24.5% |
| % Gain to Breakeven | 42.1% | 32.4% |
| Time to Breakeven | 104 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.4% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.6% | -19.2% |
| % Gain to Breakeven | 30.9% | 23.8% |
| Time to Breakeven | 109 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -39.3% | -12.2% |
| % Gain to Breakeven | 64.8% | 13.9% |
| Time to Breakeven | 533 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -54.0% | -6.8% |
| % Gain to Breakeven | 117.6% | 7.3% |
| Time to Breakeven | 3630 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.3% | -17.9% |
| % Gain to Breakeven | 35.7% | 21.8% |
| Time to Breakeven | 25 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -69.2% | -53.4% |
| % Gain to Breakeven | 225.2% | 114.4% |
| Time to Breakeven | 567 days | 1085 days |
In The Past
BorgWarner's stock fell -16.0% during the 2025 US Tariff Shock. Such a loss loss requires a 19.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About BorgWarner (BWA)
BorgWarner Inc. (BWA) is a global leader in providing advanced technology solutions for propulsion systems across the automotive industry. The company designs and manufactures components that support a broad spectrum of vehicles, encompassing traditional internal combustion engines, hybrid electric powertrains, and fully electric vehicles (EVs). Its strategic focus is on innovation that enhances efficiency, performance, and sustainability for the next generation of mobility.
The company's diverse product portfolio is delivered through several key segments. The Air Management segment offers turbochargers, emissions systems, thermal solutions, and increasingly, battery modules for EVs. Its E-Propulsion & Drivetrain segment is central to electrification, providing electric motors, power electronics, control modules, and mechanical components for transmissions. BorgWarner also maintains a strong presence in Fuel Injection systems for both gasoline and diesel engines, and an Aftermarket segment that supplies a comprehensive range of parts, maintenance tools, and diagnostic equipment to service channels.
BorgWarner primarily serves original equipment manufacturers (OEMs) worldwide, supplying components for light vehicles such as passenger cars, SUVs, and light trucks. Its customer base also extends to manufacturers of commercial vehicles, including medium and heavy-duty trucks and buses, as well as off-highway applications like agricultural and construction machinery. Additionally, the company sells to tier-one vehicle systems suppliers and provides products and services to the independent aftermarket for all these vehicle categories.
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Here are a few analogies to describe BorgWarner:
- Like the "Intel Inside" for a car's powertrain, making the essential engine, transmission, and electric vehicle components that automakers integrate.
- A diversified Bosch Automotive or Magna International, but specialized in the core propulsion systems that make vehicles move, whether by gas, hybrid, or electric power.
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- Turbochargers: Devices enhancing engine power and efficiency by forcing more air into the engine using exhaust gases.
- E-Boosters & E-Turbos: Electrically assisted turbocharging systems for improved engine performance.
- Fuel Injection Systems: Components and systems for precise delivery of gasoline and diesel fuel to internal combustion engines.
- Emissions & Thermal Systems: Technologies designed to reduce vehicle emissions and manage temperature within vehicle systems, including cabin heaters.
- Battery Systems: Modules, packs, and related components including heaters and charging technology for electric vehicles.
- E-Propulsion Components: Rotating electrical components, power electronics, control modules, and software for electric and hybrid powertrains.
- Drivetrain & Transmission Products: Friction, mechanical, and torque-management products for automatic transmissions and vehicle drivetrains.
- Aftermarket Solutions: A range of products and services, including fuel injection, electronics, engine management, maintenance, test equipment, and diagnostics, supplied to the vehicle aftermarket.
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BorgWarner Inc. (BWA) primarily sells its products to other companies. Its major customers are original equipment manufacturers (OEMs) across various vehicle segments globally, as well as tier one vehicle systems suppliers and companies in the aftermarket segment.
Based on the company's description and its role as a global automotive component supplier, its major customers include leading manufacturers in the following categories:
- Light Vehicle Original Equipment Manufacturers (OEMs): These are major global car, SUV, van, and light truck manufacturers. Examples include:
- General Motors (GM)
- Ford Motor Company (F)
- Stellantis N.V. (STLA)
- Toyota Motor Corporation (TM)
- Volkswagen AG (VWAGY)
- Commercial Vehicle Original Equipment Manufacturers (OEMs): These companies produce medium-duty and heavy-duty trucks, and buses. Examples include:
- Daimler Truck Holding AG (DTRUY)
- Volvo Group (VOLVY)
- PACCAR Inc (PCAR)
- Off-Highway Vehicle Original Equipment Manufacturers (OEMs): These include manufacturers of agricultural, construction machinery, and marine applications. Examples include:
- Caterpillar Inc. (CAT)
- Deere & Company (DE)
- CNH Industrial N.V. (CNHI)
- Tier One Vehicle Systems Suppliers: BorgWarner also sells components and systems to other major automotive suppliers that integrate these into larger systems for OEMs. (Specific company names are not explicitly listed in the background, but this category is a significant part of their customer base.)
- Aftermarket Customers: This segment includes independent aftermarket customers and original equipment service customers, which are typically distributors, parts retailers, and service networks rather than individual consumers.
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Joseph F. Fadool, President and Chief Executive Officer
Joseph F. Fadool assumed the role of President and Chief Executive Officer of BorgWarner in February 2025. He joined BorgWarner in 2010 and has held several key positions within the company, including Executive Vice President and Chief Operating Officer, and President and General Manager of Emissions, Thermal and Turbo Systems, Morse Systems, and TorqTransfer Systems. Prior to his tenure at BorgWarner, Mr. Fadool worked at Continental Automotive Systems as Vice President for North American Electronic Operations and held various roles at Continental and Siemens VDO Automotive in general management, operations, sales, and program management. He also spent seven years with Ford Motor Company, focusing on product development and vehicle launches.
Craig Aaron, Executive Vice President and Chief Financial Officer
Craig Aaron was appointed Executive Vice President and Chief Financial Officer, effective March 1, 2024. In this capacity, he is responsible for financial reporting and analysis, treasury, tax, internal audit, investor relations, mergers and acquisitions, and information technology. Mr. Aaron joined BorgWarner in 2007, where he has held numerous positions in accounting and finance, including Controller, Treasurer, and Vice President of Finance for BorgWarner Morse Systems. Before joining BorgWarner, he worked at Federal-Mogul Corporation as a Corporate Accounting Manager and at Deloitte & Touche LLP as an In-Charge Auditor.
Tonit M. Calaway, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary
Tonit M. Calaway was appointed Executive Vice President and Chief Administrative Officer, General Counsel and Secretary in October 2020. Her responsibilities include overseeing the global legal function, security, facilities, government affairs, real estate, sustainability, environment, and aviation. Before joining BorgWarner in 2016, Ms. Calaway had an 18-year career at Harley-Davidson, Inc., where her roles included Vice President of Human Resources and President of The Harley-Davidson Foundation. She also held various positions in Harley-Davidson's legal department, such as Associate General Counsel-Motor Company Operations, Assistant General Counsel, Chief Compliance Counsel, and Assistant Secretary. Earlier in her career, Ms. Calaway worked at the Milwaukee-based law firms of Davis & Kuelthau, S.C., and Godfrey & Khan, S.C. She previously served as President & Director at Meta House, Inc.
Paul Farrell, Executive Vice President and Chief Strategy Officer
Dr. Paul Farrell was appointed Executive Vice President and Chief Strategy Officer in October 2020. In this role, he leads the company's corporate strategy, advanced technology, marketing, and public relations activities. Mr. Farrell joined BorgWarner in 2020 as part of the acquisition of Delphi Technologies, where he played critical roles in the sale and integration planning processes. Prior to the acquisition, he was Senior Vice President of Strategy and Corporate Development at Delphi Technologies. During his time at Delphi, which he joined in 2013, he held various executive roles and led Delphi Technologies' spin-off and separation from Aptiv. His earlier career includes consulting work at The Boston Consulting Group and A.T. Kearney, as well as engineering and operational roles at Ford Motor Company and Visteon, and he began his career at General Electric Company.
Stefan Demmerle, Vice President of BorgWarner Inc. and President and General Manager, PowerDrive Systems
Dr. Stefan Demmerle was appointed Vice President, President and General Manager of BorgWarner PowerDrive Systems in November 2015. He is responsible for BorgWarner's global PowerDrive Systems business. Dr. Demmerle joined BorgWarner in 2012. Before joining BorgWarner, he was Vice President of the powertrain electronics business at Continental from 2010 to 2012. From 2006 to 2010, he served as President and CEO of Continental Diesel Systems (formerly Siemens Diesel Systems Technology) and also as President & Chief Executive Officer at PurePower Technologies, Inc. He also held positions of increasing responsibility within Siemens VDO Automotive.
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Key Risks to BorgWarner (BWA)
BorgWarner Inc. faces several key risks as it navigates the evolving automotive industry landscape, with the most significant challenges stemming from the industry's shift towards electrification.
- Transition from Internal Combustion Engine (ICE) to Electric Vehicles (EVs) and E-mobility: BorgWarner's business has historically been, and largely remains, reliant on components for internal combustion engines. The company is actively pursuing a "Charging Forward" strategy to pivot towards electric and hybrid vehicle technologies. However, this transition poses significant risks due to the declining market for ICE components, the substantial investments required in e-products, and the uncertainty surrounding the pace of electric vehicle adoption globally. The newer e-product portfolio currently operates at lower profitability levels compared to the legacy business, and there is intense competition in the electrification space, making it challenging to achieve targeted e-mobility revenue and margin goals.
- Automotive Industry Cyclicality and Economic Conditions: BorgWarner's financial performance is closely tied to global automotive production volumes, which are inherently cyclical and sensitive to broader economic conditions, interest rates, and consumer spending. The company is exposed to pressures from Original Equipment Manufacturers (OEMs) to reduce product prices, volatile commodity costs, and elevated inflation levels, which can impact profit margins. Additionally, supply chain disruptions and reliance on a limited number of suppliers for critical components could disrupt operations and affect financial performance.
- Intense Competition and Technological Disruptions: The automotive parts industry is highly competitive, with numerous established players and emerging startups, particularly in the rapidly evolving electrification sector. BorgWarner must continually innovate and offer superior products at competitive prices to maintain its market share. The rapid pace of technological change in the automotive industry, including advancements from well-funded startups, poses a continuous threat of disruption to BorgWarner's business and product offerings.
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BorgWarner Inc. operates in several significant addressable markets related to combustion, hybrid, and electric vehicles.
Electric Vehicle Powertrain
The global electric vehicle powertrain market, which includes components such as rotating electrical components (electric motors), power electronics, control modules, and battery systems offered by BorgWarner, was valued at approximately USD 217.81 billion in 2025. It is projected to grow to about USD 687.64 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 21.48% globally. BorgWarner Inc. is noted as a major company operating in this market.
Automotive Turbochargers
For its Air Management segment, particularly turbochargers, BorgWarner addresses a substantial global market. The global automotive turbocharger market size was valued at USD 16.55 billion in 2024 and is expected to grow from USD 18.02 billion in 2025 to USD 35.65 billion by 2033, with a CAGR of 8.9% during this forecast period.
Automotive Fuel Injection Systems
BorgWarner's Fuel Injection segment, which develops and manufactures gasoline and diesel fuel injection components and systems, operates within a large global market. The global automotive fuel injection systems market size was valued at USD 88.43 billion in 2023 and is projected to reach USD 155.21 billion by 2032, registering a CAGR of 6.45% from 2023 to 2032.
Automotive Aftermarket
The company's Aftermarket segment, offering a range of solutions including fuel injection, electronics, engine management, maintenance, and vehicle diagnostics, serves the global automotive aftermarket. This market was estimated at USD 489.45 billion in 2025 and is projected to reach USD 643.78 billion by 2033, growing at a CAGR of 3.4% globally.
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BorgWarner (BWA) is expected to drive future revenue growth over the next two to three years through several key strategies focused primarily on its "Charging Forward" electrification plan and strategic market expansion.
- Accelerated Electrification (eProducts) Growth: BorgWarner's core revenue growth driver is its aggressive pivot towards electrification. The company aims for its electric vehicle (EV) and e-propulsion products to generate between $6 billion and $8+ billion in revenue by 2027, representing a significant portion of its total sales. This includes scaling up its offerings in e-axles (integrated Drive Modules or iDMs), silicon carbide (SiC) inverters, and high-voltage battery systems.
- Expansion into Electric Commercial and Off-Highway Vehicles: Beyond light vehicles, BorgWarner is strategically expanding its presence in electric commercial vehicles and off-highway applications. Through the integration of AKASOL, the company is targeting a substantial share of the European electric bus battery market by 2026 and is scaling battery systems for trucks and other off-highway uses.
- Conversion of Electrification Backlog and New Business Awards: BorgWarner has secured a multi-year electrification award backlog, with program launches phased from 2024 through 2027. These new business awards, which include serial launches of 800V SiC inverters and next-generation iDMs on global EV platforms, are expected to convert into production revenue in the coming years.
- Strategic Acquisitions and Partnerships: The company continues to leverage strategic acquisitions and partnerships to enhance its e-mobility portfolio and capabilities. Past acquisitions, such as AKASOL and e-mobility assets, alongside ongoing collaborations with OEMs and semiconductor suppliers, are crucial for expanding battery and SiC inverter capabilities and securing the supply chain for advanced control systems.
- New Product Offerings beyond Traditional Powertrains: While electrification dominates, BorgWarner is also introducing new product categories that contribute to revenue growth. An example is a new supply agreement for a turbine generator system, anticipated to generate $300 million in revenue in the upcoming year, diversifying its revenue streams beyond its traditional automotive component offerings.
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Share Repurchases
- BorgWarner's Board of Directors authorized an increase to its share repurchase program to $1 billion, allowing management to repurchase outstanding shares through 2028.
- The company returned over $500 million through share repurchases in 2025.
- BorgWarner reported annual share buybacks of $177 million in 2023 and $402 million in 2024.
Share Issuance
- BorgWarner's shares outstanding declined by 3.74% in 2025 to 0.216 billion from 2024, and by 4.1% in 2024 to 0.225 billion from 2023, indicating net share repurchases over issuances.
Outbound Investments
- In December 2023, BorgWarner completed the acquisition of Eldor Corporation's Electric Hybrid Systems business segment for €75 million at closing, enhancing its ePropulsion portfolio in high-voltage power electronics.
- In December 2022, BorgWarner acquired Drivetek, a provider of power electronic manufacturing and system engineering services.
- BorgWarner also agreed to acquire the charging business of Hubei Surpass Sun Electric (SSE) in October 2022, expanding its charging footprint in China.
Capital Expenditures
- BorgWarner's free cash flow increased to $1.208 billion in 2025, up approximately 66% compared with 2024, partly attributed to capital expenditure management.
- Capital expenditures totaled $162 million in the fourth quarter of 2025.
- The company's strategy involves organic investments and technology-focused acquisitions to support its balanced portfolio across electric, hybrid, and combustion vehicles.
Peer Outperformance in Automotive Parts & Equipment
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| BWA | BorgWarner | 1.8% | 33.0x | 55.2% | 75.5% | 94.8% | — |
| GTX | Garrett Motion | -0.4% | 14.7x | 116.9% | 279.1% | 295.7% | +201pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.4% | 92.0% | 68.2% | LINC 317% · CVSA 239% · PRDO 228% |
| Homebuilding | 18 | -11.3% | 21.9% | 45.7% | GRBK 201% · PHM 164% · TOL 144% |
| Automotive Retail | 18 | -15.9% | 13.9% | 18.3% | MUSA 236% · PAG 183% · ORLY 123% |
| Hotels, Resorts & Cruise Lines | 22 | 14.7% | 53.1% | 10.6% | RCL 240% · MAR 162% · HLT 157% |
| Specialty Stores | 7 | -7.6% | 34.2% | 10.2% | FIVE 39% · SIG 22% · DKS 21% |
| Home Improvement Retail | 5 | -22.7% | -6.1% | 9.9% | HVT 13% · LOW 10% · HD 10% |
| Distributors | 4 | -7.5% | -21.0% | -4.5% | ARMK 145% · GPC 33% · LKQ -42% |
| Home Furnishings | 4 | -6.4% | 28.7% | -8.9% | SGI 61% · LZB 11% · MHK -29% |
| Restaurants | 34 | -10.5% | -12.0% | -11.8% | EAT 337% · CAKE 172% · RAVE 145% |
| Specialized Consumer Services | 10 | -11.7% | 36.8% | -11.8% | HRB 123% · FTDR 79% · SCI 40% |
| Footwear | 9 | 47.3% | 38.5% | -15.4% | WEYS 162% · DECK 28% · SHOO 24% |
| Leisure Products | 13 | -17.2% | -15.5% | -28.9% | GOLF 86% · HAS 15% · MCFT -4% |
| Automotive Parts & Equipment ← | 38 | -10.1% | -1.3% | -33.3% | MOD 1590% · GTX 296% · STRT 101% |
| Leisure Facilities | 11 | 2.9% | -9.2% | -33.9% | OSW 128% · JAKK 104% · ESCA 22% |
| Casinos & Gaming | 20 | -11.8% | -24.6% | -34.7% | MCRI 114% · RSI 70% · RRR 59% |
| Apparel Retail | 25 | -4.5% | 19.5% | -35.5% | ANF 342% · URBN 155% · ROST 113% |
| Apparel, Accessories & Luxury Goods | 27 | -2.7% | 9.3% | -37.3% | TPR 252% · RL 251% · ELA 250% |
| Household Appliances | 18 | 14.4% | 38.8% | -41.9% | KEQU 179% · FLXS 168% · HBB 123% |
| Broadline Retail | 14 | -10.4% | 20.7% | -50.9% | DDS 324% · EBAY 53% · AMZN 47% |
| Computer & Electronics Retail | 3 | -15.3% | 8.2% | -59.0% | BBY 2% · UPBD -59% · GME -61% |
| Automobile Manufacturers | 8 | -63.7% | -44.3% | -69.3% | GM 87% · F 53% · TSLA 41% |
| Other Specialty Retail | 18 | -26.6% | -43.3% | -75.5% | TLF 109% · BBW 109% · WINA 81% |
| Consumer Electronics | 11 | 1.8% | -8.2% | -79.4% | AXIL 2499% · GRMN 77% · TBCH -56% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 68.21 |
| Mkt Cap | 8.5 |
| Rev LTM | 16,534 |
| Op Inc LTM | 1,145 |
| FCF LTM | 767 |
| FCF 3Y Avg | 855 |
| CFO LTM | 1,415 |
| CFO 3Y Avg | 1,436 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.0% |
| Rev Chg 3Y Avg | 0.6% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | 5.6% |
| Op Inc Chg 3Y Avg | 7.9% |
| Op Mgn LTM | 6.4% |
| Op Mgn 3Y Avg | 6.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 7.4% |
| CFO/Rev 3Y Avg | 9.2% |
| FCF/Rev LTM | 3.9% |
| FCF/Rev 3Y Avg | 5.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.5 |
| P/S | 0.5 |
| P/Op Inc | 8.8 |
| P/EBIT | 11.0 |
| P/E | 21.3 |
| P/CFO | 7.7 |
| Total Yield | 6.9% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 9.8% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.0% |
| 3M Rtn | -11.5% |
| 6M Rtn | 12.9% |
| 12M Rtn | 39.7% |
| 3Y Rtn | 19.4% |
| 1M Excs Rtn | 3.1% |
| 3M Excs Rtn | -12.4% |
| 6M Excs Rtn | -0.6% |
| 12M Excs Rtn | 21.8% |
| 3Y Excs Rtn | -54.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Turbos & Thermal Technologies | 5,772 | 5,887 | 6,012 | 5,455 | |
| Drivetrain & Morse Systems | 5,654 | 5,577 | 5,549 | 5,028 | 3,660 |
| PowerDrive Systems | 2,347 | 1,937 | 2,166 | 1,906 | 1,427 |
| Battery Energy Systems | 590 | 729 | 546 | 335 | |
| Inter-segment eliminations | -47 | -44 | -75 | -89 | -151 |
| Corporate | 0 | 0 | |||
| Air Management | 6,867 | ||||
| Total | 14,316 | 14,086 | 14,198 | 12,635 | 11,803 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Drivetrain & Morse Systems | 1,041 | 1,010 | 958 | 783 | 524 |
| Turbos & Thermal Technologies | 879 | 877 | 874 | 783 | |
| Change in accounting method | 0 | 29 | 0 | 0 | |
| Commercial contract settlement | 0 | -15 | 0 | 0 | |
| Loss (gain) on sale of businesses | -2 | -6 | 5 | 13 | -29 |
| Merger and acquisition expense, net | -5 | -2 | -23 | -9 | -48 |
| Adjustments associated with Spin-Off related balances | -7 | -17 | 0 | 0 | |
| Loss on sale of assets | -9 | -2 | 13 | 0 | 0 |
| Chief Executive Officer ("CEO") transition compensation | -11 | 0 | 0 | ||
| Other non-comparable items | -12 | -19 | -4 | 0 | 3 |
| Costs to exit charging business | -32 | 0 | 0 | ||
| Battery Energy Systems | -39 | -47 | -116 | -44 | |
| Legal settlement | -40 | 0 | 0 | ||
| Intangible asset amortization expense | -66 | -69 | -67 | -69 | -59 |
| PowerDrive Systems | -83 | -144 | -90 | -88 | -48 |
| Accelerated depreciation | -90 | -50 | -4 | 0 | |
| Restructuring expense | -101 | -74 | -79 | -48 | -108 |
| Corporate, including stock-based compensation | -261 | -279 | -278 | -282 | -234 |
| Impairment charges | -624 | -646 | -29 | -30 | |
| Air Management | 1,037 | ||||
| Asset impairments and lease modifications | 0 | ||||
| Postretirement settlement | -124 | ||||
| Total | 538 | 546 | 1,160 | 1,009 | 914 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Drivetrain & Morse Systems | 3,795 | 3,872 | 4,262 | 4,240 | 4,229 |
| Turbos & Thermal Technologies | 3,743 | 3,693 | 3,938 | 3,882 | |
| PowerDrive Systems | 3,163 | 2,792 | 3,185 | 2,349 | 1,828 |
| Corporate | 2,608 | 2,554 | 1,733 | 1,683 | 1,656 |
| Battery Energy Systems | 460 | 1,082 | 1,335 | 1,178 | |
| Inter-segment eliminations | 0 | 0 | |||
| Air Management | 5,174 | ||||
| Total | 13,769 | 13,993 | 14,453 | 13,332 | 12,887 |
Price Behavior
| Market Price | $67.54 | |
| Market Cap ($ Bil) | 13.7 | |
| First Trading Date | 08/13/1993 | |
| Distance from 52W High | -12.1% | |
| 50 Days | 200 Days | |
| DMA Price | $65.08 | $57.33 |
| DMA Trend | up | down |
| Distance from DMA | 3.8% | 17.8% |
| 3M | 1YR | |
| Volatility | 36.1% | 40.9% |
| Downside Capture | 177.30 | 94.72 |
| Upside Capture | 91.42 | 125.87 |
| Correlation (SPY) | 39.5% | 37.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.51 | 1.13 | 1.21 | 1.49 | 1.18 | 0.99 |
| Up Beta | -0.25 | 1.10 | 0.08 | 1.14 | 1.24 | 1.01 |
| Down Beta | 4.51 | 1.38 | 1.57 | 1.43 | 1.32 | 0.95 |
| Up Capture | 43% | 94% | 119% | 180% | 142% | 92% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 28 | 63 | 133 | 396 |
| Down Capture | 65% | 125% | 169% | 153% | 98% | 100% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 36 | 64 | 118 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWA | |
|---|---|---|---|---|
| BWA | 56.2% | 40.7% | 1.18 | - |
| Sector ETF (XLY) | -1.7% | 19.4% | -0.21 | 25.3% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 36.7% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 26.3% |
| Commodities (DBC) | 43.8% | 20.3% | 1.67 | -4.9% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 9.1% |
| Bitcoin (BTCUSD) | -28.1% | 43.8% | -0.63 | 7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWA | |
|---|---|---|---|---|
| BWA | 13.7% | 34.5% | 0.43 | - |
| Sector ETF (XLY) | 5.6% | 24.1% | 0.19 | 46.9% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 51.5% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 12.4% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | 10.9% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 38.5% |
| Bitcoin (BTCUSD) | 10.2% | 52.6% | 0.38 | 19.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWA | |
|---|---|---|---|---|
| BWA | 10.2% | 34.7% | 0.37 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 53.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 55.8% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 6.5% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 22.7% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 40.3% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 11.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 5.9% | 10.5% | 3.7% |
| 5/6/2026 | 3.8% | 11.3% | 34.8% |
| 2/11/2026 | 22.5% | 14.3% | -2.5% |
| 10/30/2025 | 3.1% | 4.8% | 0.4% |
| 7/31/2025 | 6.6% | 10.2% | 24.3% |
| 5/7/2025 | 4.4% | 14.2% | 11.3% |
| 2/6/2025 | -3.0% | -7.3% | -4.0% |
| 10/31/2024 | 0.2% | 3.9% | 2.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 10 | 15 |
| # Negative | 9 | 14 | 9 |
| Median Positive | 4.4% | 10.4% | 7.8% |
| Median Negative | -5.3% | -3.4% | -5.6% |
| Max Positive | 22.5% | 14.3% | 34.8% |
| Max Negative | -13.1% | -12.8% | -13.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 5.9% | 10.5% | 3.7% |
| 5/6/2026 | 3.8% | 11.3% | 34.8% |
| 2/11/2026 | 22.5% | 14.3% | -2.5% |
| 10/30/2025 | 3.1% | 4.8% | 0.4% |
| 7/31/2025 | 6.6% | 10.2% | 24.3% |
| 5/7/2025 | 4.4% | 14.2% | 11.3% |
| 2/6/2025 | -3.0% | -7.3% | -4.0% |
| 10/31/2024 | 0.2% | 3.9% | 2.3% |
| 7/31/2024 | 8.8% | -1.8% | 3.7% |
| 5/2/2024 | 8.4% | 14.1% | 8.5% |
| 2/8/2024 | -6.9% | -8.0% | -5.0% |
| 11/2/2023 | -13.1% | -12.8% | -8.2% |
| 8/2/2023 | -7.5% | -9.8% | -12.4% |
| 5/4/2023 | -7.9% | -4.6% | 3.0% |
| 2/9/2023 | 2.8% | 5.9% | 3.2% |
| 10/27/2022 | 0.9% | -0.5% | 15.6% |
| 8/3/2022 | 2.5% | -1.3% | -1.8% |
| 5/4/2022 | 2.2% | -4.8% | 5.9% |
| 2/15/2022 | 5.9% | -0.9% | -10.4% |
| 11/3/2021 | -0.1% | -1.2% | -5.6% |
| 8/4/2021 | -5.3% | -7.1% | -13.4% |
| 5/5/2021 | 5.4% | 6.5% | 12.3% |
| 2/11/2021 | -1.9% | -1.4% | 15.6% |
| 10/29/2020 | -3.3% | -2.2% | 7.8% |
| SUMMARY STATS | |||
| # Positive | 15 | 10 | 15 |
| # Negative | 9 | 14 | 9 |
| Median Positive | 4.4% | 10.4% | 7.8% |
| Median Negative | -5.3% | -3.4% | -5.6% |
| Max Positive | 22.5% | 14.3% | 34.8% |
| Max Negative | -13.1% | -12.8% | -13.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/15/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 14.00 Bil | 14.15 Bil | 14.30 Bil | 0 | Affirmed | Guidance: 14.15 Bil for 2026 | |
| 2026 Operating Margin | Reported | 9.6% | 9.7% | 9.8% | -0.1% | Lowered | Guidance: 9.8% for 2026 | |
| 2026 Adjusted Operating Margin | Reported | 10.7% | 10.8% | 10.9% | 0 | Affirmed | Guidance: 10.8% for 2026 | |
| 2026 EPS | Reported | 4.72 | 4.83 | 4.94 | 0.9% | Raised | Guidance: 4.79 for 2026 | |
| 2026 Adjusted EPS | Reported | 5.05 | 5.17 | 5.3 | 1.5% | Raised | Guidance: 5.1 for 2026 | |
| 2026 Free Cash Flow | Reported | 900.00 Mil | 1.00 Bil | 1.10 Bil | 0 | Affirmed | Guidance: 1.00 Bil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Operating Cash Flow | Reported | 1.60 Bil | 1.65 Bil | 1.70 Bil | ||||
| 2026 Revenue | Reported | 14.00 Bil | 14.15 Bil | 14.30 Bil | 0 | Affirmed | Guidance: 14.15 Bil for 2026 | |
| 2026 Operating Margin | Reported | 9.7% | 9.8% | 9.9% | -0.1% | Lowered | Guidance: 9.9% for 2026 | |
| 2026 Adjusted Operating Margin | Reported | 10.7% | 10.8% | 10.9% | 0 | Affirmed | Guidance: 10.8% for 2026 | |
| 2026 EPS | Reported | 4.7 | 4.79 | 4.87 | -0.8% | Lowered | Guidance: 4.83 for 2026 | |
| 2026 Adjusted EPS | Reported | 5 | 5.1 | 5.2 | 0 | Affirmed | Guidance: 5.1 for 2026 | |
| 2026 Free Cash Flow | Reported | 900.00 Mil | 1.00 Bil | 1.10 Bil | 0 | Affirmed | Guidance: 1.00 Bil for 2026 | |
Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 14.00 Bil | 14.15 Bil | 14.30 Bil | -0.4% | Lower New | Guidance: 14.20 Bil for 2025 | |
| 2026 Operating Margin | Reported | 9.8% | 9.9% | 10.0% | 2.0% | Higher New | Guidance: 7.85% for 2025 | |
| 2026 Adjusted Operating Margin | Reported | 10.7% | 10.8% | 10.9% | 0.4% | Higher New | Guidance: 10.4% for 2025 | |
| 2026 EPS | Reported | 4.74 | 4.83 | 4.91 | 35.0% | Higher New | Guidance: 3.58 for 2025 | |
| 2026 Adjusted EPS | Reported | 5 | 5.1 | 5.2 | 9.1% | Higher New | Guidance: 4.67 for 2025 | |
| 2026 Free Cash Flow | Reported | 900.00 Mil | 1.00 Bil | 1.10 Bil | 11.1% | Higher New | Guidance: 900.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 14.10 Bil | 14.20 Bil | 14.30 Bil | 0 | Affirmed | Guidance: 14.20 Bil for 2025 | |
| 2025 Operating Margin | Reported | 7.8% | 7.85% | 7.9% | -0.6% | Lowered | Guidance: 8.4% for 2025 | |
| 2025 Adjusted Operating Margin | Reported | 10.3% | 10.4% | 10.5% | 0.2% | Raised | Guidance: 10.2% for 2025 | |
| 2025 EPS | Reported | 3.52 | 3.58 | 3.63 | -8.0% | Lowered | Guidance: 3.88 for 2025 | |
| 2025 Adjusted EPS | Reported | 4.6 | 4.67 | 4.75 | 2.7% | Raised | Guidance: 4.55 for 2025 | |
| 2025 Free Cash Flow | Reported | 850.00 Mil | 900.00 Mil | 950.00 Mil | 20.0% | Raised | Guidance: 750.00 Mil for 2025 | |
Insider Activity
Updated 9/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hanley, Michael S | Direct | Sell | 9012026 | 65.51 | 5,000 | 327,550 | 2,247,845 | Form | |
| 2 | Calaway, Tonit M | EVP, CAO, Gen Counsel & Sec | Direct | Sell | 8252026 | 66.26 | 22,000 | 1,457,667 | 4,891,865 | Form |
| 3 | Kalathur, Rajesh | Direct | Buy | 8202026 | 67.59 | 7,407 | 500,664 | 500,664 | Form | |
| 4 | Kulikowski, Amy B | VP & Chief Accounting Officer | Direct | Sell | 8202026 | 68.60 | 2,900 | 198,940 | 667,135 | Form |
| 5 | Demmerle, Stefan | Vice President | Direct | Sell | 8182026 | 70.00 | 1,000 | 70,000 | 14,192,220 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hanley, Michael S | Direct | Sell | 9012026 | 65.51 | 5,000 | 327,550 | 2,247,845 | Form | |
| 2 | Calaway, Tonit M | EVP, CAO, Gen Counsel & Sec | Direct | Sell | 8252026 | 66.26 | 22,000 | 1,457,667 | 4,891,865 | Form |
| 3 | Kalathur, Rajesh | Direct | Buy | 8202026 | 67.59 | 7,407 | 500,664 | 500,664 | Form | |
| 4 | Kulikowski, Amy B | VP & Chief Accounting Officer | Direct | Sell | 8202026 | 68.60 | 2,900 | 198,940 | 667,135 | Form |
| 5 | Demmerle, Stefan | Vice President | Direct | Sell | 8182026 | 70.00 | 1,000 | 70,000 | 14,192,220 | Form |
| 6 | Calaway, Tonit M | EVP, CAO, Gen Counsel & Sec | Direct | Sell | 8182026 | 69.65 | 44,000 | 3,064,569 | 6,674,562 | Form |
| 7 | McKenzie, Isabelle | Vice President | Direct | Sell | 8182026 | 70.39 | 4,500 | 316,768 | 3,753,918 | Form |
| 8 | McAlmont, Shaun | Direct | Sell | 8182026 | 69.36 | 7,000 | 485,548 | 1,253,407 | Form | |
| 9 | Shankar, Sailaja | Direct | Sell | 6082026 | 73.08 | 5,000 | 365,389 | 942,484 | Form | |
| 10 | Weng, Volker | Vice President | Direct | Sell | 5152026 | 67.71 | 5,000 | 338,550 | 5,755,485 | Form |
| 11 | Demmerle, Stefan | Vice President | Direct | Sell | 5142026 | 65.00 | 5,000 | 325,000 | 13,243,490 | Form |
| 12 | Fadool, Joseph F | President and CEO | Direct | Sell | 5142026 | 67.31 | 29,000 | 1,951,854 | 27,323,529 | Form |
| 13 | Wingfield, Tania | EVP & CHRO | Direct | Sell | 5122026 | 63.24 | 5,000 | 316,220 | 2,236,628 | Form |
| 14 | Weng, Volker | Vice President | Direct | Sell | 5122026 | 61.65 | 5,606 | 345,628 | 5,548,911 | Form |
| 15 | Demmerle, Stefan | Vice President | Direct | Sell | 5122026 | 62.00 | 5,000 | 310,000 | 12,942,252 | Form |
| 16 | Demmerle, Stefan | Vice President | Direct | Sell | 5122026 | 59.26 | 20,000 | 1,185,150 | 12,666,054 | Form |
| 17 | Farrell, Paul Arthur | EVP & Chief Strategy Officer | Direct | Sell | 3132026 | 52.31 | 12,012 | 628,320 | 2,000,142 | Form |
| 18 | Calaway, Tonit M | EVP, CAO, Gen Counsel & Sec | Direct | Sell | 3102026 | 51.46 | 14,021 | 721,547 | 10,545,212 | Form |
| 19 | Weng, Volker | Vice President | Direct | Sell | 2182026 | 62.36 | 5,000 | 311,800 | 6,520,247 | Form |
| 20 | Calaway, Tonit M | EVP, CAO, Gen Counsel & Sec | Direct | Sell | 2172026 | 65.08 | 16,000 | 1,041,350 | 15,636,592 | Form |
| 21 | Wingfield, Tania | EVP & CHRO | Direct | Sell | 2172026 | 63.43 | 17,867 | 1,133,302 | 2,881,557 | Form |
| 22 | McKenzie, Isabelle | Vice President | Direct | Sell | 2172026 | 63.26 | 3,500 | 221,411 | 4,352,871 | Form |
| 23 | Demmerle, Stefan | Vice President | Direct | Sell | 11132025 | 46.00 | 5,000 | 230,000 | 9,385,826 | Form |
| 24 | Demmerle, Stefan | Vice President | Direct | Sell | 11132025 | 45.52 | 15,000 | 682,750 | 9,514,797 | Form |
| 25 | McKenzie, Isabelle | Vice President | Direct | Sell | 11052025 | 44.23 | 3,200 | 141,552 | 1,926,655 | Form |
| 26 | McKenzie, Isabelle | Vice President | Direct | Sell | 9122025 | 44.18 | 3,500 | 154,632 | 2,065,664 | Form |
| 27 | Weng, Volker | Vice President | Direct | Sell | 9082025 | 43.97 | 10,000 | 439,707 | 2,990,359 | Form |
| 28 | Demmerle, Stefan | Vice President | Direct | Sell | 9082025 | 44.00 | 5,000 | 220,006 | 9,858,015 | Form |
| 29 | McKenzie, Isabelle | Vice President | Direct | Sell | 9052025 | 43.45 | 3,000 | 130,350 | 2,183,580 | Form |
| 30 | Michas, Alexis P | Direct | Sell | 9032025 | 42.31 | 8,772 | 371,184 | 3,338,768 | Form |
Investor Activity (13F)
Updated Sep 8, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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