BorgWarner Inc. (BWA) Key Metrics
BWA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.84B
- Enterprise value
- $13.95B
- P/E (TTM)
- 29.1 10-yr median 16.1
- Forward P/E
- 11.9
- PEG ratio
- 0.33
- Price / sales
- 0.8 10-yr median 0.7
- Price / book
- 2.2 10-yr median 1.5
- EV / EBITDA
- 9.4 10-yr median 7.3
- Dividend yield
- 1.17% $0.68 a year
- Beta
- 1.14
BWA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBWA valuation Price multiples at each fiscal year-end price.
BWA returns How much profit the business earns on the capital it uses.
BWA per-share figures Results divided by the shares outstanding at year-end.
BWA financial health Debt, liquidity and how easily interest is covered.
BWA efficiency & capital use Working capital cycle and where the cash goes.
BWA valuation history
BWA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BWA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BWA cash returned to shareholders
BWA price vs earnings per share
BWA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.75B | $7.15B | $8.40B | $8.39B | $9.50B | $7.28B | $7.90B | $6.41B | $9.51B | $7.48B |
| Enterprise value | $11.49B | $9.40B | $10.80B | $11.61B | $12.18B | $9.64B | $9.11B | $7.78B | $11.15B | $9.25B |
| P/E ratio | 35.2 | 21.1 | 13.4 | 8.9 | 17.7 | 14.6 | 10.6 | 6.9 | 21.6 | 63.1 |
| Price / sales | 0.7 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.8 | 0.6 | 1.0 | 0.8 |
| Price / book | 1.8 | 1.3 | 1.4 | 1.2 | 1.4 | 1.1 | 1.7 | 1.5 | 2.6 | 2.3 |
| Price / free cash flow | 8.1 | 10.5 | 17.6 | 9.9 | 14.9 | 10.1 | 15.0 | 11.0 | 15.3 | 14.0 |
| Price / operating cash flow | 5.9 | 5.3 | 6.4 | 5.3 | 7.3 | 5.9 | 7.8 | 5.7 | 8.1 | 7.2 |
| EV / sales | 0.8 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.7 | 1.1 | 1.0 |
| EV / EBITDA | 9.0 | 7.1 | 9.3 | 7.4 | 8.2 | 6.1 | 5.1 | 4.6 | 7.2 | 13.9 |
| EV / free cash flow | 9.5 | 13.8 | 22.6 | 13.7 | 19.1 | 13.3 | 17.3 | 13.4 | 18.0 | 17.3 |
| Earnings yield | 2.8% | 4.7% | 7.4% | 11.3% | 5.7% | 6.9% | 9.4% | 14.5% | 4.6% | 1.6% |
| Free cash flow yield | 12.4% | 9.5% | 5.7% | 10.1% | 6.7% | 9.9% | 6.7% | 9.1% | 6.5% | 7.2% |
| Dividend yield | 1.2% | 1.4% | 1.5% | 1.9% | 1.7% | 2.0% | 1.8% | 2.2% | 1.3% | 1.5% |
| Shareholder yield (dividends + buybacks) | 6.4% | 7.0% | 3.7% | 4.8% | 2.1% | 5.0% | 3.0% | 4.6% | 2.4% | 5.4% |
| Share price at fiscal year-end | $45.06 | $31.79 | $35.85 | $35.43 | $39.67 | $34.01 | $38.19 | $30.58 | $44.97 | $34.72 |
| Per share | ||||||||||
| Revenue per share | $66.16 | $62.65 | $60.57 | $53.36 | $61.95 | $47.50 | $49.19 | $50.27 | $46.32 | $42.13 |
| Earnings per share | $1.28 | $1.50 | $2.67 | $3.99 | $2.24 | $2.34 | $3.61 | $4.44 | $2.08 | $0.55 |
| Operating cash flow per share | $7.62 | $6.01 | $5.58 | $6.63 | $5.45 | $5.72 | $4.87 | $5.37 | $5.58 | $4.81 |
| Free cash flow per share | $5.58 | $3.03 | $2.03 | $3.57 | $2.66 | $3.38 | $2.55 | $2.77 | $2.93 | $2.49 |
| Cash per share | $10.69 | $9.31 | $6.54 | $4.57 | $7.70 | $7.71 | $4.02 | $3.53 | $2.58 | $2.06 |
| Book value per share | $25.15 | $24.61 | $24.86 | $30.51 | $29.01 | $30.04 | $22.76 | $20.17 | $17.57 | $14.95 |
| Tangible book value per share | $13.83 | $12.02 | $9.60 | $15.32 | $10.76 | $12.64 | $11.91 | $9.23 | $6.35 | $4.89 |
| Dividends per share | $0.55 | $0.44 | $0.55 | $0.68 | $0.68 | $0.68 | $0.68 | $0.68 | $0.59 | $0.53 |
| Capex per share | $2.03 | $2.98 | $3.55 | $3.05 | $2.79 | $2.34 | $2.33 | $2.61 | $2.65 | $2.32 |
| Debt per share | $18.75 | $19.32 | $16.76 | $18.19 | $18.88 | $18.72 | $9.89 | $10.09 | $10.35 | $10.31 |
| Shares outstanding | 216.4M | 224.8M | 234.4M | 236.8M | 239.5M | 214.0M | 206.8M | 209.5M | 211.5M | 215.3M |
| Change in shares outstanding | −3.7% | −4.1% | −1.0% | −1.1% | +11.9% | +3.5% | −1.3% | −0.9% | −1.8% | −4.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.0% | 6.0% | 9.6% | 13.3% | 8.0% | 9.0% | 16.7% | 23.4% | 12.7% | 3.5% |
| Return on invested capital (ROIC) | 4.6% | 12.5% | 8.5% | 8.3% | 12.2% | 7.7% | 13.5% | 19.3% | 11.7% | 17.8% |
| Return on assets (ROA) | 2.0% | 2.4% | 4.0% | 5.6% | 3.3% | 3.9% | 7.5% | 9.4% | 4.7% | 1.3% |
| Return on tangible assets | 2.4% | 3.0% | 5.7% | 7.0% | 4.4% | 4.1% | 10.0% | 11.9% | 5.9% | 1.8% |
| Free cash flow margin | 8.4% | 4.8% | 3.4% | 6.7% | 4.3% | 7.1% | 5.2% | 5.5% | 6.3% | 5.9% |
| Income quality (OCF / net income) | 5.95 | 4.00 | 2.09 | 1.66 | 2.43 | 2.45 | 1.35 | 1.21 | 2.68 | 8.74 |
| Financial health | ||||||||||
| Total debt | $4.06B | $4.34B | $3.93B | $4.31B | $4.52B | $4.01B | $2.04B | $2.11B | $2.19B | $2.22B |
| Cash & short-term investments | $2.31B | $2.09B | $1.53B | $1.08B | $1.84B | $1.65B | $832.0M | $739.0M | $545.3M | $443.7M |
| Net debt | $1.74B | $2.25B | $2.40B | $3.22B | $2.68B | $2.36B | $1.21B | $1.38B | $1.64B | $1.78B |
| Debt / equity | 0.75 | 0.79 | 0.67 | 0.60 | 0.65 | 0.62 | 0.43 | 0.50 | 0.59 | 0.69 |
| Debt / assets | 0.29 | 0.31 | 0.27 | 0.25 | 0.27 | 0.25 | 0.21 | 0.21 | 0.22 | 0.25 |
| Net debt / EBITDA | 1.36 | 1.71 | 2.06 | 2.06 | 1.80 | 1.49 | 0.69 | 0.81 | 1.06 | 2.66 |
| Current ratio | 2.07 | 1.79 | 1.65 | 1.56 | 1.74 | 1.62 | 1.65 | 1.59 | 1.46 | 1.39 |
| Quick ratio | 1.70 | 1.45 | 1.30 | 1.27 | 1.33 | 1.28 | 1.30 | 1.26 | 1.15 | 1.09 |
| Interest coverage | 5.4 | 15.0 | 116.0 | 14.9 | 16.9 | 13.1 | 22.4 | 21.8 | 17.2 | 13.2 |
| Working capital | $3.51B | $2.88B | $2.45B | $2.38B | $2.80B | $2.36B | $1.51B | $1.41B | $1.12B | $819.8M |
| Invested capital | $7.19B | $7.78B | $8.22B | $10.45B | $9.63B | $8.78B | $5.92B | $5.60B | $5.36B | $4.99B |
| Tangible asset value | $3.17B | $2.88B | $2.49B | $3.91B | $2.89B | $3.01B | $2.60B | $2.05B | $1.45B | $1.14B |
| Net current asset value | −$1.36B | −$1.77B | −$2.17B | −$2.87B | −$2.72B | −$3.14B | −$1.02B | −$1.95B | −$2.42B | −$2.62B |
| Graham number | $26.91 | $28.85 | $38.62 | $52.31 | $38.26 | $39.74 | $42.98 | $44.90 | $28.68 | $13.60 |
| Graham net-net per share | −$13.89 | −$15.23 | −$16.43 | −$25.05 | −$18.85 | −$22.48 | −$10.51 | −$15.85 | −$16.64 | −$16.26 |
| Capital allocation | ||||||||||
| Dividends paid | $119.0M | $98.0M | $130.0M | $161.0M | $162.0M | $146.0M | $140.0M | $142.0M | $124.1M | $113.4M |
| Share buybacks (net) | $508.0M | $402.0M | $177.0M | $240.0M | $33.0M | $216.0M | $100.0M | $150.0M | $100.0M | $288.0M |
| Dividend payout ratio | 43.0% | 29.0% | 20.8% | 17.1% | 30.2% | 29.2% | 18.8% | 15.3% | 28.2% | 95.7% |
| Dividends + buybacks / free cash flow | 51.9% | 73.4% | 64.4% | 47.4% | 30.6% | 50.1% | 45.5% | 50.3% | 36.1% | 75.0% |
| Capex / revenue | 3.1% | 4.8% | 5.9% | 5.7% | 4.5% | 4.9% | 4.7% | 5.2% | 5.7% | 5.5% |
| Capex / operating cash flow | 26.7% | 49.6% | 63.6% | 46.1% | 51.1% | 40.9% | 47.7% | 48.5% | 47.5% | 48.3% |
| Capex / depreciation | 0.61 | 1.00 | 1.43 | 1.00 | 0.87 | 0.88 | 1.10 | 1.27 | 1.37 | 1.28 |
| Stock-based compensation / revenue | 0.5% | 0.4% | 0.4% | 0.6% | 0.4% | 0.4% | 0.4% | 0.5% | 0.5% | 0.5% |
| R&D / revenue | 5.0% | 5.2% | 5.1% | 5.5% | 4.8% | 4.7% | 4.1% | 4.2% | 4.2% | 3.8% |
| SG&A / revenue | 9.2% | 9.6% | 11.5% | 10.2% | 7.3% | 9.4% | 8.6% | 9.0% | 9.2% | 9.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 74.4 | 77.6 | 72.1 | 78.0 | 72.0 | 87.4 | 65.7 | 65.0 | 69.1 | 67.5 |
| Days of inventory on hand | 38.5 | 40.8 | 39.7 | 48.9 | 43.0 | 46.3 | 35.9 | 34.0 | 33.4 | 34.9 |
| Days payables outstanding | 63.1 | 72.8 | 73.6 | 78.6 | 70.5 | 81.3 | 63.6 | 66.6 | 66.6 | 63.5 |
| Cash conversion cycle (days) | 49.8 | 45.5 | 38.2 | 48.3 | 44.4 | 52.3 | 38.1 | 32.4 | 35.9 | 38.8 |
| Receivables turnover | 4.91 | 4.71 | 5.06 | 4.68 | 5.07 | 4.18 | 5.55 | 5.62 | 5.28 | 5.41 |
| Payables turnover | 5.78 | 5.01 | 4.96 | 4.64 | 5.18 | 4.49 | 5.74 | 5.48 | 5.48 | 5.74 |
| Inventory turnover | 9.47 | 8.95 | 9.19 | 7.46 | 8.50 | 7.89 | 10.16 | 10.73 | 10.92 | 10.46 |
| Asset turnover | 1.03 | 0.99 | 0.90 | 0.75 | 0.91 | 0.79 | 1.03 | 1.06 | 1.05 | 1.03 |
| Average receivables | $2.92B | $2.99B | $2.81B | $2.70B | $2.92B | $2.43B | $1.83B | $1.88B | $1.85B | $1.68B |
| Average payables | $2.01B | $2.29B | $2.35B | $2.21B | $2.31B | $1.84B | $1.41B | $1.52B | $1.40B | $1.24B |
| Average inventory | $1.23B | $1.28B | $1.26B | $1.38B | $1.41B | $1.05B | $794.0M | $773.6M | $703.8M | $682.4M |
| Intangibles / total assets | 17.8% | 20.2% | 24.7% | 21.2% | 26.4% | 23.2% | 23.1% | 22.7% | 24.3% | 24.5% |
Computed from BWA's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BWA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BorgWarner traded at 35.2 times earnings, against a 10-year median of 16.1. Based on the latest twelve months, the trailing P/E is 29.1 and the forward P/E is 11.9. BorgWarner earned a return on equity of 5.0% and a return on invested capital of 4.6% in fiscal 2025. It ended the year with $4.1 billion of debt and $2.3 billion in cash and short-term investments, net debt of $1.7 billion. It returned $627.0 million to shareholders: $119.0 million in dividends and $508.0 million in share buybacks, 52% of free cash flow.
See the BWA income statement, the BWA chart for price history, or the BWA stock overview for the latest quote and news.
BWA key metrics FAQ
What is BorgWarner's P/E ratio?
BorgWarner's trailing P/E ratio is 29.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.9. At the end of fiscal 2025 it was 35.2, compared with a 10-year median of 16.1.
What is BorgWarner's EV/EBITDA?
BorgWarner's enterprise value was 9.0 times EBITDA at the end of fiscal 2025 (enterprise value $11.5 billion, EBITDA $1.3 billion); the current EV/EBITDA is 9.4.
What is BorgWarner's return on equity?
BorgWarner's return on equity (ROE) was 5.0% in fiscal 2025: net income of $277.0 million on average shareholders' equity of $5.5 billion.
What is BorgWarner's ROIC?
BorgWarner's return on invested capital was 4.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BorgWarner have?
BorgWarner had total debt of $4.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.75 and $1.7 billion of net debt (1.36 times EBITDA).
What is BorgWarner's dividend yield?
BorgWarner's forward dividend yield is 1.17%. BorgWarner paid $119.0 million in dividends in fiscal 2025 ($0.55 per share), a payout ratio of 43.0%.
Does BorgWarner buy back its shares?
Yes. BorgWarner spent $508.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.7% over the year, to 216.4M..
What is BorgWarner's free cash flow yield?
BorgWarner generated $1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 12.4% on its market value at year-end ($9.8 billion).
What is BorgWarner's current ratio?
BorgWarner's current ratio was 2.07 at the end of fiscal 2025: current assets were 2.07 times current liabilities.