Filing Flows › Borgwarner (BWA) › How it makes money
How Borgwarner (BWA) makes money
Borgwarner (BWA) made $3.5B of revenue in the third quarter 2026 (Q3 2026), -3% from a year earlier. Turbos & Thermal Technologies brought in $1.4B (39%); Drivetrain & Morse Systems brought in $1.3B (38%); PowerDrive Systems brought in $699M (20%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Turbos & Thermal Technologies | $1.4B | 39.3% | -5% | -5% |
| Drivetrain & Morse Systems | $1.3B | 38.4% | -8% | -7% |
| PowerDrive Systems | $699M | 20.0% | +6% | +21% |
| Battery Energy Systems | $78.0M | 2.2% | -22% | -41% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.5B | 100.0% |
| Cost of revenue | $2.8B | 81.0% |
| Gross profit | $662M | 19.0% |
| Operating expenses | $360M | 10.3% |
| Operating profit | $302M | 8.7% |
| Income tax | $65.0M | 1.9% |
| Net earnings | $221M | 6.3% |
| Operating cash flow | $320M | 9.2% |
| Free cash flow | $195M | 5.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.5B | -3% |
| Q2 2026 | $3.6B | +0.3% |
| Q1 2026 | $3.5B | +0.5% |
| Q4 2025 | $3.6B | +4% |
| Q3 2025 | $3.6B | +4% |
| Q2 2025 | $3.6B | +1% |
| Q1 2025 | $3.5B | -2% |
From Borgwarner's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Borgwarner make money?
Borgwarner (BWA) made $3.5B of revenue in the third quarter 2026 (Q3 2026), -3% from a year earlier. Turbos & Thermal Technologies brought in $1.4B (39%); Drivetrain & Morse Systems brought in $1.3B (38%); PowerDrive Systems brought in $699M (20%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
What is Borgwarner's biggest business?
Turbos & Thermal Technologies: $1.4B in the third quarter 2026, 39% of revenue, -5% from a year earlier.
What is Borgwarner's profit margin?
Net earnings were $221M, 6.3% of revenue, in the third quarter 2026; the operating margin was 8.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.