BWA Stock - BorgWarner Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $14.08B | $14.20B | $12.63B | $14.84B | $10.16B |
| Gross Profit | $2.61B | $2.57B | $2.37B | $2.86B | $1.91B |
| Gross Margin | 18.5% | 18.1% | 18.7% | 19.3% | 18.8% |
| Operating Income | $1.26B | $1.23B | $1.06B | $1.39B | $957.00M |
| Net Income | $338.00M | $625.00M | $944.00M | $537.00M | $500.00M |
| Net Margin | 2.4% | 4.4% | 7.5% | 3.6% | 4.9% |
| EPS | $1.51 | $2.72 | $4.01 | $2.26 | $2.35 |
BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging. The E-Propulsion & Drivetrain segment provides rotating electrical components, power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. The Fuel Injection segment develops and manufactures gasoline and diesel fuel injection components and systems. The Aftermarket segment sells products and services to independent aftermarket customers and original equipment service customers. This segment provides a range of solutions, including fuel injection, electronics and engine management, maintenance, and test equipment and vehicle diagnostics. The company sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 10th 2025 | BofA Securities | Downgrade | Neutral | $46 |
| September 3rd 2025 | Robert W. Baird | Upgrade | Outperform | $52 |
| April 10th 2025 | UBS | Downgrade | Neutral | $31← $38 |
| April 10th 2025 | Goldman | Upgrade | Buy | $34 |
| March 18th 2025 | Exane BNP Paribas | Upgrade | Outperform | $36 |
| March 7th 2025 | TD Cowen | Downgrade | Hold | $31 |
| September 10th 2024 | Deutsche Bank | Resumed | Hold | $36 |
| September 5th 2024 | Wolfe Research | Resumed | Peer Perform | - |
| March 15th 2024 | Piper Sandler | Initiation | Overweight | $43 |
| February 20th 2024 | Exane BNP Paribas | Downgrade | Neutral | $35← $43 |
| January 3rd 2024 | Robert W. Baird | Downgrade | Neutral | $39← $45 |
| November 16th 2023 | Guggenheim | Upgrade | Buy | $41 |
| November 3rd 2023 | Deutsche Bank | Downgrade | Hold | $36← $47 |
| September 13th 2023 | UBS | Initiation | Buy | $52 |
| August 17th 2023 | Nomura | Downgrade | Neutral | $44 |
Earnings History & Surprises
BWAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $1.15 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.16 | $1.24 | +6.9% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $1.06 | $1.21 | +14.2% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.98 | $1.11 | +13.3% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.93 | $1.01 | +8.6% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $0.92 | $1.09 | +18.5% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $1.01 | $1.19 | +17.8% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.87 | $1.03 | +18.4% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.93 | $0.90 | -3.2% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $0.91 | $0.98 | +7.7% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $1.14 | $1.35 | +18.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $1.11 | $1.09 | -1.8% | ✗ MISS |
Q1 2023 | Feb 9, 2023 | $1.08 | $1.26 | +16.7% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.04 | $1.24 | +19.2% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $0.85 | $1.05 | +23.5% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.87 | $1.05 | +20.7% | ✓ BEAT |
Q1 2022 | Feb 15, 2022 | $0.74 | $1.06 | +43.2% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.66 | $0.80 | +21.2% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.81 | $1.08 | +33.3% | ✓ BEAT |
Latest News
Wells Fargo Maintains Overweight on BorgWarner, Lowers Price Target to $52
➖ NeutralMorgan Stanley Downgrades BorgWarner to Equal-Weight, Raises Price Target to $49
➖ NeutralSPX Technologies, Dycom Industries, BorgWarner, Hecla Mining, Ready Capital, SITE Centers, Thryv Holdings, Helen of Troy, AdvanSix, Sturm Ruger & Co, MGP Ingredients, Ceva, Shoe Carnival Removed from SmallCap 600
📉 NegativeUL Solutions, Pinterest, Booz Allen Hamilton, SPX Technologies, Dycom Industries, Borgwarner And Hecla Mining Co Set To S&P MidCap 400 December 22, 2025; Comfort Systems USA, Under Armour, Power Integrations, Perrigo, Iridium Communications, Marriott Vacations Worldwide And Insperity Exit S&P MidCap 400
📈 PositiveEvercore ISI Group Maintains Outperform on BorgWarner, Raises Price Target to $53
📈 PositiveBorgWarner Lowers FY2025 GAAP EPS Guidance from $3.80-$3.97 to $3.52-$3.63 vs $4.13 Est
📉 NegativeBorgWarner Raises FY2025 Adj EPS Guidance from $4.45-$4.65 to $4.60-$4.75 vs $4.64 Est; Narrows FY2025 Sales Guidance from $14.000B-$14.400B to $14.100B-$14.300B vs $14.376B Est
📈 PositiveBorgWarner Q3 Adj. EPS $1.24 Beats $1.16 Estimate, Sales $3.591B Beat $3.589B Estimate
📈 PositiveOn October 15, Phinia Entered Settlement Agreement With BorgWarner; To Pay $31M To BorgWarner in Q4 2025
📉 NegativeJP Morgan Maintains Overweight on BorgWarner, Raises Price Target to $53
📈 PositiveEvercore ISI Group Maintains Outperform on BorgWarner, Raises Price Target to $50
📈 PositiveShares of auto and auto-related companies are trading lower amid overall market weakness after President Trump, on a social media post, said that he is considering an increase in tariffs on Chinese products.
📉 NegativeBarclays Maintains Overweight on BorgWarner, Raises Price Target to $55
📈 PositiveUBS Maintains Neutral on BorgWarner, Raises Price Target to $46
➖ NeutralGoldman Sachs Maintains Buy on BorgWarner, Raises Price Target to $52
📈 PositiveWells Fargo Maintains Overweight on BorgWarner, Raises Price Target to $54
📈 PositiveB of A Securities Downgrades BorgWarner to Neutral, Raises Price Target to $46
➖ NeutralWells Fargo Maintains Overweight on BorgWarner, Raises Price Target to $50
📈 PositiveBaird Upgrades BorgWarner to Outperform, Raises Price Target to $52
📈 PositiveFrequently Asked Questions about BWA
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