BorgWarner (BWA) Battery & Charging Systems — Fixed asset impairment — Quarterly & Annual

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PowerDrive Systems

$167M—

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Other financials

Income statement

Revenue$3.6B+0.3%

Gross profit$721.0M+12.7%

Operating income$370.0M+28.0%

Net income$277.0M+23.7%

EPS (diluted)$1.34+30.1%

Balance sheet

Cash & equivalents$2.3B+10.5%

Total debt$4.1B-0.3%

Total equity$5.6B-5.1%

Total assets$13.9B-3.2%

Cash flow

Operating cash flow$586.0M+1.2%

CapEx$96.0M+24.7%

Free cash flow$490.0M-2.4%

Valuation

Market cap$13.7B+66.4%

P/E15.2×-6.4×

P/S1×+0.4×

Profitability

Gross margin19.5%+1.0pp

Operating margin8.1%-0.1pp

Net margin6.3%+1.1pp

FCF margin8.5%0.0pp

Returns & leverage

Return on equity15%+3.5pp

Debt / equity0.7×0.0×

Current ratio2.1×+0.1×

Where this comes from

Reported directly by BorgWarner in its filing.

Tagged under the XBRL concept us-gaap:TangibleAssetImpairmentCharges.

The source filing: BorgWarner’s 10-K, filed February 11, 2026.

Filed: Feb 10, 2026, 7:00 PM EST
Fiscal year: FY2025
Accession: 0000908255-26-000011

During the year ended December 31, 2025, the Company recorded impairments of property, plant and equipment of $7 million related to the exit of its charging business and the consolidation of the Company’s North American battery systems business footprint within the Battery & Charging Systems reportable segment. The Company estimated fair value using estimated orderly liquidation value based on the Company’s determination of the highest and best use of the relevant assets.
In the fourth quarter of 2025, the Company recorded impairment of property, plant and equipment of $167 million related to customer volume reduction as a result of electric vehicle adoption delays in North America within the PowerDrive Systems reportable segment and dual sourcing actions by certain customers and pricing pressures from competitors within the Battery & Charging Systems reportable segment. The Company estimated fair value using discounted cash flows and estimated orderly liquidation value based on the Company’s determination of the highest and best use of the relevant assets.

Item 8. Financial Statements and Supplementary Data

FAQ

What is BorgWarner's battery & charging systems — fixed asset impairment?: BorgWarner (BWA) reported battery & charging systems — fixed asset impairment of $1.75M in Q4 2025.
What does battery & charging systems — fixed asset impairment mean?: This metric represents the non-cash charge recognized when the carrying amount of fixed assets within the battery and charging business segment exceeds their recoverable value. It reflects a downward adjustment in the valuation of long-term tangible assets due to technological obsolescence or reduced expected utility.

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