Filing Flows › Borgwarner (BWA) › Q2 2025
Borgwarner (BWA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Borgwarner (BWA) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +1% from a year earlier and +3% from the quarter before. Operating margin was 7.9%, net earnings $224M (6.2% of revenue).
Borgwarner, Q2 2025: revenue $3.6B (+1% year over year), operating margin 7.9%, net earnings $224M, operating cash flow $579M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | +3% | +1% |
| Gross profit | $640M | +0.2% | -7% |
| Operating profit | $289M | +22% | -3% |
| Net earnings | $224M | +43% | -26% |
| Operating cash flow | $579M | +606% | +25% |
| Free cash flow | $502M | — | +69% |
What changed
Revenue was $3.6B in Q2 2025, up 1% year over year and up 3% from the previous quarter. Turbos & Thermal Technologies was the largest line at 41% of revenue. PowerDrive Systems added $0.12B year over year (up 26%), 343% of the total change. Battery & Charging Systems declined 18%.
Gross margin was 17.6%, down 1.4 points from a year earlier. Operating profit was $0.29B, a 7.9% margin (down 0.3 points year over year). Operating profit fell $0.01B even though revenue rose $0.04B versus a year earlier, so costs grew faster than sales. Operating expenses fell 10% while revenue rose 1%. Net earnings were $0.22B, down 26% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.58B (up 25% year over year), 250% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.08B left free cash flow of $0.50B.
Questions
What was Borgwarner's revenue in the second quarter 2025?
Borgwarner (BWA) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +1% from a year earlier and +3% from the quarter before.
Was Borgwarner profitable in the second quarter 2025?
Operating profit was $289M (7.9% of revenue) and net earnings $224M.
Source: Borgwarner 10-Q on SEC EDGAR.