Filing Flows › Garrett Motion (GTX) › Q1 2025
Garrett Motion (GTX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Garrett Motion (GTX) reported revenue of $878M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +4% from the quarter before. Operating margin was 9.7%, net earnings $62.0M (7.1% of revenue).
Garrett Motion, Q1 2025: revenue $878M (-4% year over year), operating margin 9.7%, net earnings $62.0M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $878M | +4% | -4% |
| Gross profit | $179M | -2% | +4% |
| Operating profit | $85.0M | -14% | +5% |
| Net earnings | $62.0M | -38% | -6% |
| Operating cash flow | $56.0M | -57% | -33% |
| Free cash flow | $30.0M | -72% | -42% |
What changed
Revenue was $878.0M in Q1 2025, down 4% year over year and up 4% from the previous quarter.
Gross margin was 20.4%, up 1.6 points from a year earlier. Operating profit was $85.0M, a 9.7% margin (up 0.8 points year over year). Operating expenses grew 3% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $62.0M, down 6% year over year. The effective tax rate was 27.1%.
Operating cash flow was $56.0M (down 33% year over year), 90% of net earnings. Non-cash charges added back $22.0M of depreciation and $6.0M of share-based compensation. Working capital and other items used $34.0M. Capital expenditures of $26.0M left free cash flow of $30.0M.
Questions
What was Garrett Motion's revenue in the first quarter 2025?
Garrett Motion (GTX) reported revenue of $878M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +4% from the quarter before.
Was Garrett Motion profitable in the first quarter 2025?
Operating profit was $85.0M (9.7% of revenue) and net earnings $62.0M.
Source: Garrett Motion 10-Q on SEC EDGAR.