BorgWarner Inc.

BWA

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

14,083

Cost of Revenue

11,471

Gross Profit

2,612

Gross Margin

18.5%

Operating Income

1,259

Operating Margin

8.9%

Net Income

338

Net Margin

2.4%

EPS (Basic)

$1.51

EPS (Diluted)

$1.50

EBITDA

1,319

EBITDA Margin

9.4%

2023

12/31/2023

Revenue

14,198

Cost of Revenue

11,630

Gross Profit

2,568

Gross Margin

18.1%

Operating Income

1,233

Operating Margin

8.7%

Net Income

625

Net Margin

4.4%

EPS (Basic)

$2.72

EPS (Diluted)

$2.67

EBITDA

1,671

EBITDA Margin

11.8%

2022

12/31/2022

Revenue

12,635

Cost of Revenue

10,266

Gross Profit

2,369

Gross Margin

18.7%

Operating Income

1,056

Operating Margin

8.4%

Net Income

944

Net Margin

7.5%

EPS (Basic)

$4.01

EPS (Diluted)

$3.99

EBITDA

1,562

EBITDA Margin

12.4%

2021

12/31/2021

Revenue

14,837

Cost of Revenue

11,979

Gross Profit

2,858

Gross Margin

19.3%

Operating Income

1,386

Operating Margin

9.3%

Net Income

537

Net Margin

3.6%

EPS (Basic)

$2.26

EPS (Diluted)

$2.24

EBITDA

1,688

EBITDA Margin

11.4%

2020

12/31/2020

Revenue

10,165

Cost of Revenue

8,256

Gross Profit

1,909

Gross Margin

18.8%

Operating Income

957

Operating Margin

9.4%

Net Income

500

Net Margin

4.9%

EPS (Basic)

$2.35

EPS (Diluted)

$2.34

EBITDA

1,585

EBITDA Margin

15.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	14,083	14,198	12,635	14,837	10,165
Cost of Revenue	11,471	11,630	10,266	11,979	8,256
Gross Profit	2,612	2,568	2,369	2,858	1,909
Gross Margin	18.5%	18.1%	18.7%	19.3%	18.8%
Operating Income	1,259	1,233	1,056	1,386	957
Operating Margin	8.9%	8.7%	8.4%	9.3%	9.4%
Net Income	338	625	944	537	500
Net Margin	2.4%	4.4%	7.5%	3.6%	4.9%
EPS (Basic)	$1.51	$2.72	$4.01	$2.26	$2.35
EPS (Diluted)	$1.50	$2.67	$3.99	$2.24	$2.34
EBITDA	1,319	1,671	1,562	1,688	1,585
EBITDA Margin	9.4%	11.8%	12.4%	11.4%	15.6%