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Discontinued — last reported Q4 '23

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Other financials

Income statement

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Revenue$3.5B+0.5%
Gross profit$677.0M+5.9%
Operating income$336.0M+41.8%
Net income$242.0M+54.1%
EPS (diluted)$1.16+61.1%

Balance sheet

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Cash & equivalents$2.3B+10.5%
Total debt$4.1B+2.1%
Total equity$5.5B-4.2%
Total assets$13.7B-1.3%

Cash flow

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Operating cash flow$152.0M+85.4%
CapEx$143.0M+20.2%
Free cash flow$9.0M+124%

Valuation

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Market cap$14.74B+77.6%
P/E18.9×-7.9×
P/S+0.4×

Profitability

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Gross margin18.9%0.0pp
Operating margin8.1%-0.1pp
Net margin6.3%+1.1pp
FCF margin8.5%+1.5pp

Returns & leverage

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Return on equity15%+3.5pp
Debt / equity0.7×0.0×
Current ratio2.1×+0.2×

Where this comes from

Calculated from BorgWarner’s reported figures.

$281.0Mebit+
$145.5MDepreciation Depletion & Amortization
=$426.5M

The official record: BorgWarner’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BorgWarner's EBITDA?
BorgWarner (BWA) reported EBITDA of $426.5M in Q4 2023.
How has BorgWarner's EBITDA changed year-over-year?
BorgWarner's EBITDA increased by 5.8% year-over-year, from $403M to $426.5M.
What is the long-term trend for BorgWarner's EBITDA?
Over 2 years (2021 to 2023), BorgWarner's EBITDA has grown at a 9.2% compound annual growth rate (CAGR), from $1.56B to $1.86B.
What does EBITDA mean?
Operating cash profit before interest, taxes, and non-cash charges.
How do you interpret EBITDA?
Higher is better and widely used to value capital-intensive businesses, but it ignores the real cost of capex — pair it with free cash flow. (Defined as EBIT + D&A so EBITDA = EBIT + D&A holds exactly.)
How does EBITDA compare across companies?
Standard cross-company operating-profit proxy for non-financials; not meaningful for banks and insurers.