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Garrett Motion (GTX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Garrett Motion (GTX) Q3 2026 earnings results →
Q3 2026 Revenue up 3% year over year to $930M · 10¢ of every $1 of revenue kept as net profit · operating margin 12.8%
Garrett Motion made $930M in Q3 2026 (+3% Y/Y). Operating margin 12.8%, net earnings $97.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $930.0M in Q3 2026, up 3% year over year and down 5% from the previous quarter.
Gross margin was 22.2%, up 1.5 points from Q3 2025. Operating profit was $119.0M, a 12.8% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 11% margin then. Operating expenses grew 4% against revenue growth of 3%. Net earnings were $97.0M, up 26% year over year. The effective tax rate was 18.5%.
Operating cash flow was $135.0M (up 35% year over year), 139% of net earnings. Non-cash charges added back $24.0M of depreciation and $7.0M of share-based compensation. Working capital and other items added $7.0M. Capital expenditures of $15.0M left free cash flow of $120.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $930M | +3% | 12.8% | $97.0M | $135M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $976M | +7% | 12.9% | $101M | $145M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $985M | +12% | 12.0% | $95.0M | $98.0M |
| Q4 2025 | 10-K | Feb 19, 2026 | $891M | +6% | 11.6% | $84.0M | $99.0M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $902M | +9% | 11.3% | $77.0M | $100M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $913M | +3% | 11.2% | $87.0M | $158M |
| Q1 2025 | 10-Q | May 1, 2025 | $878M | -4% | 9.7% | $62.0M | $56.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- STLA — 12% of its revenue · Stated in 10-K (sentence) · source
- BMW — 11% of its revenue · Stated in 10-K (sentence) · source
- F — 11% of its revenue · Stated in 10-K (sentence) · source
About Garrett Motion
Garrett is a cutting-edge technology leader delivering differentiated solutions for emission reduction and energy efficiency. We design, manufacture and sell highly engineered turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers ("OEMs") and independent aftermarket distributors in the mobility and industrial fields. We have significant expertise in delivering highly engineered products at scale for internal combustion engines ("ICE") using gasoline, diesel, natural gas and hydrogen, as well as zero-emission vehicles ("ZEV"). Our products are key enablers for fuel economy, energy efficiency, thermal management, and compliance with greenhouse gas and other emission-reduction targets.
In its own words, from its 10-K, filed Feb 19, 2026.
Garrett Motion against its Motor Vehicle Parts & Accessories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +2%. Operating margin: 12.8% against the peers' median 7.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GTX Garrett Motion | Q3 2026 | $930M | +3% | 12.8% |
| LEA Lear | Q3 2026 | $5.8B | +2% | 3.4% |
| ADNT Adient | Q4 FY26 | $3.7B | +1% | -0.1% |
| BWA Borgwarner | Q3 2026 | $3.5B | -3% | 8.7% |
| APTV Aptiv | Q3 2026 | $3.2B | +2% | 8.8% |
| DCH Dauch | Q3 2026 | $2.9B | +93% | 2.5% |
| ALV Autoliv | Q3 2026 | $2.7B | -0.5% | 9.4% |
| VGNT Versigent | Q3 2026 | $2.5B | +7% | 7.6% |
| DAN Dana | Q3 2026 | $2.0B | +6% | 4.5% |
Source: Garrett Motion 10-Q on SEC EDGAR · CIK 1735707 · Motor Vehicle Parts & Accessories
Guidance and outlook
13F: who owns GTX and who is buying
More on GTX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results