BorgWarner Inc.
- Open
- 65.73
- Day high
- 66.12
- Day low
- 64.56
- Prev close
- 66.40
- Volume
- 366K
- Mkt cap
- $13.3B
- P/E (TTM)
- 37.7
- EPS (TTM)
- $1.72
- P/B
- 2.4
- P/S
- 0.9
- Yield
- 1.05%
- Per share
- $0.68
- ▼Insiders net selling -$5.7M over the last 3 months (0 open-market buys, 10 sales)
- 🏛Institutions mixed (13F)
BorgWarner Inc. (BWA) is a Consumer Cyclical company listed on NYSE. The stock is up 91% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 10 sales (SEC Form 4).
BorgWarner Inc. (BWA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BWA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $1.16 | $1.24 | +6.9% | $3.5B | +1.0% |
| Feb 11, 2026 | $1.16 | $1.35 | +16.4% | $3.6B | +0.5% |
| Oct 30, 2025 | $1.16 | $1.24 | +6.9% | $3.6B | +3.1% |
| Jul 31, 2025 | $1.06 | $1.21 | +14.2% | $3.6B | +3.2% |
| May 7, 2025 | $0.98 | $1.11 | +13.3% | $3.5B | +0.2% |
| Feb 6, 2025 | $0.93 | $1.01 | +8.6% | $3.4B | -0.8% |
| Oct 31, 2024 | $0.92 | $1.09 | +18.5% | $3.4B | -0.8% |
| Jul 31, 2024 | $1.01 | $1.19 | +17.8% | $3.6B | -2.8% |
| May 2, 2024 | $0.87 | $1.03 | +18.4% | $3.6B | +2.4% |
| Feb 8, 2024 | $0.93 | $0.90 | -3.2% | $3.5B | -3.5% |
| Nov 2, 2023 | $0.91 | $0.98 | +7.7% | $3.6B | -1.1% |
| Aug 2, 2023 | $1.14 | $1.35 | +18.4% | $4.5B | +11.0% |
BWA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | Shankar Sailajadirector | Sell | 5,000 | $73.08 |
| May 29, 2026 | Weng Volkerofficer: Vice President | Sell | 5,000 | $72.35 |
| May 15, 2026 | Weng Volkerofficer: Vice President | Sell | 5,000 | $67.71 |
| May 14, 2026 | Fadool Joseph F.director, officer: President and CEO | Sell | 29,000 | $67.31 |
| May 14, 2026 | Demmerle Stefanofficer: Vice President | Sell | 5,000 | $65.00 |
| May 13, 2026 | McKenzie Isabelleofficer: Vice President | Sell | 3,500 | $63.35 |
| May 12, 2026 | Wingfield Taniaofficer: EVP & CHRO | Sell | 5,000 | $63.24 |
| May 12, 2026 | Demmerle Stefanofficer: Vice President | Sell | 20,000 | $59.26 |
| May 12, 2026 | Demmerle Stefanofficer: Vice President | Sell | 5,000 | $62.00 |
| May 12, 2026 | Weng Volkerofficer: Vice President | Sell | 5,606 | $61.65 |
| May 1, 2026 | Thai-Tang Hau Ndirector | Grant | 3,228 | — |
| May 1, 2026 | McAlmont Shaundirector | Grant | 3,228 | — |
| May 1, 2026 | McAlmont Shaundirector | Grant | 83 | — |
| May 1, 2026 | Hanley Michael Sdirector | Grant | 3,228 | — |
| May 1, 2026 | Shankar Sailajadirector | Grant | 83 | — |
Source: BWA SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full BWA insider & 13F page →BorgWarner Inc. company profile
Overview
BorgWarner Inc. (NYSE:BWA) is a global automotive supplier founded in 1928 and headquartered in Auburn Hills, Michigan. The company has evolved from a traditional automotive parts manufacturer into a technology-focused provider of propulsion solutions for combustion, hybrid, and electric vehicles. With operations spanning worldwide markets, BorgWarner serves original equipment manufacturers across light vehicles, commercial vehicles, and off-highway applications. The company went public in 1993 and has undergone significant strategic transformation in recent years to position itself for the automotive industry's shift toward electrification.
Business
BorgWarner operates in the automotive parts industry, specifically focusing on propulsion systems and powertrain technologies. The company provides critical components that help vehicles move efficiently, whether powered by traditional internal combustion engines, hybrid systems, or fully electric motors. The company operates through four main business segments: 1. Air Management (approximately 40% of revenue): This segment produces turbochargers, which are devices that force more air into an engine to increase power and efficiency. It also manufactures eBoosters and eTurbos (electrically-assisted turbocharging systems), timing systems that control when engine valves open and close, emissions control systems, thermal management components, and various sensors. These products are essential for making traditional engines more efficient and meeting environmental regulations. 2. E-Propulsion & Drivetrain (approximately 40% of revenue): This segment focuses on electric vehicle components including electric motors, power electronics that control electric motor operation, battery management systems, and traditional drivetrain components like automatic transmission parts. The drivetrain is the system that transfers power from the engine or motor to the wheels. 3. Fuel Injection (smaller segment): Develops and manufactures fuel injection systems for both gasoline and diesel engines. Fuel injection systems precisely control how much fuel enters the engine and when, which is crucial for engine performance and emissions control. 4. Aftermarket (approximately 20% of revenue): Sells replacement parts and services to independent repair shops and dealerships, including diagnostic equipment and maintenance tools. The company's eProducts portfolio (electric vehicle-related products) generated over $2.3 billion in sales in 2024, representing rapid growth in this emerging segment as the automotive industry transitions toward electrification.
Revenue model
BorgWarner generates revenue primarily through product sales to automotive manufacturers. The company operates on a business-to-business model, selling components directly to original equipment manufacturers (OEMs) like Ford, General Motors, Volkswagen, and Chinese automakers such as BYD and SAIC. The company's revenue streams include: 1. Original Equipment Sales: The primary revenue source, where BorgWarner supplies components for new vehicle production. These are typically long-term contracts spanning multiple years as vehicles go through their production lifecycle. 2. Aftermarket Sales: Replacement parts and services sold to independent repair facilities and dealership service centers, providing a steady revenue stream throughout a vehicle's operational life. The company's profitability is influenced by several key factors: Margin-enhancing factors include successful new product launches, particularly in higher-margin electric vehicle components, operational efficiency improvements, and the ability to pass through raw material cost increases to customers through contractual arrangements. The company's focus on technology-intensive products like turbochargers and electric motors typically commands higher margins than commodity parts. Margin-pressuring factors include automotive production volume fluctuations, raw material cost inflation (particularly for metals and semiconductors), competitive pricing pressure from customers seeking cost reductions, and the substantial R&D investments required to develop new electrification technologies. Additionally, the company faces challenges from tariff impacts, with approximately $200 million in total tariff exposure affecting both imports and retaliatory measures. The business model requires significant upfront investment in tooling and development for each new vehicle program, with returns realized over the program's multi-year production life. This creates some earnings volatility based on the timing of new program launches and the phase-out of older programs.
Competitive moat
BorgWarner's competitive moat is moderate but strengthening in the electrification space. The company's primary advantages stem from its deep engineering relationships with global automakers, extensive manufacturing footprint, and technological expertise in propulsion systems. The company's strongest moat elements include long-term customer relationships built over decades, with automotive manufacturers typically reluctant to change suppliers due to the complexity and risk involved in powertrain components. BorgWarner also benefits from its global manufacturing presence, which allows it to serve customers locally and reduces logistics costs. The company's technological expertise in both traditional and electric propulsion systems positions it well for the industry transition. However, the moat faces significant challenges. The shift to electric vehicles is disrupting traditional supplier relationships, as new entrants like Tesla often prefer to develop components in-house or work with newer, more specialized suppliers. Chinese competitors are rapidly gaining capabilities and cost advantages, particularly in electric vehicle components. The company's traditional turbocharger and transmission expertise becomes less valuable as the industry moves toward electric powertrains. Competitive threats come from multiple directions: established suppliers like Bosch and Continental with similar capabilities, new electric vehicle specialists, and the potential for automakers to vertically integrate more components. The company's position in China, while currently strong with 75% of sales to Chinese OEMs, faces risks from increasing local competition and potential geopolitical tensions. The company is working to strengthen its moat through strategic investments in electric vehicle technologies, partnerships with battery companies, and maintaining its speed-to-market advantage in launching new products.
Risks & safety
BorgWarner presents a moderate margin of safety with reasonable financial stability but some cyclical risks. • Liquidity and Solvency: Strong cash position of $2.1 billion, current ratio of 1.79, and positive free cash flow of $729 million in 2024. Debt-to-equity ratio of 0.79 is manageable but elevated. • Valuation Metrics: Trading at P/E of 21.0x (2024 earnings), EV/EBITDA of 7.1x, and price-to-book of 1.28x. These metrics suggest reasonable but not exceptional value. • Operational Cash Generation: Consistent positive operating cash flow of $1.38 billion in 2024, though free cash flow can be volatile due to capital expenditure timing. • Other Considerations: Cyclical automotive industry exposure, ongoing investments in electrification creating near-term margin pressure, and execution risk around the transition from traditional to electric vehicle components. The company's geographic diversification provides some stability, but exposure to China creates both opportunity and risk.
Recent development
Over the past few years, BorgWarner has undergone significant strategic transformation focused on positioning for the automotive industry's electrification transition. The company has been executing its "Charging Forward 2027" strategy with three main pillars: growing eProducts revenue, improving eProducts profitability, and maximizing value from foundational (traditional) products. Key strategic developments include aggressive expansion in electric vehicle components, with eProducts sales growing from $870 million in 2022 to over $2.3 billion in 2024. The company completed the acquisition of Eldor Electronics to strengthen its power electronics capabilities and formed a strategic partnership with BYD's FinDreams Battery for lithium iron phosphate battery packs. The company has also made portfolio optimization moves, including plans to separate its Fuel Systems and Aftermarket segments to focus on core propulsion technologies. In 2025, BorgWarner exited the charging business to eliminate $30 million in annual operating losses and consolidated North American battery systems capacity to improve competitiveness. Operational restructuring has been ongoing, with the company implementing cost reduction programs targeting $100 million in annual savings by 2026. The company has also been actively managing its geographic footprint, particularly strengthening its position in China where it now derives 20% of global sales, with 75% of Chinese revenue coming from local OEMs focused on New Energy Vehicles. Recent leadership transition occurred with Fred Lissalde retiring after 26 years and Joe Spak taking over as CEO, signaling continuity in the strategic direction while bringing fresh perspective to execution.
BWA company profile · for informational purposes only — not investment advice.
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