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Borgwarner vs Aptiv: BWA and APTV compared
Borgwarner is the larger company: $3.5B of revenue in its latest quarter (Q3 2026) against $3.2B for Aptiv (Q3 2026). Aptiv is growing faster (+2% against -3% a year earlier). Aptiv is more profitable, with an operating margin of 8.8% against 8.7%.
Where the money goes: BWA and APTV
Borgwarner (BWA) · Q3 2026
Borgwarner, Q3 2026: revenue $3.5B (-3% year over year), operating margin 8.7%, net earnings $221M, operating cash flow $320M. The chart follows the revenue to costs, profit and cash.
Aptiv (APTV) · Q3 2026
Aptiv, Q3 2026: revenue $3.2B (+2% year over year), operating margin 8.8%, net earnings $194M, operating cash flow $320M. The chart follows the revenue to costs, profit and cash.
| Borgwarner (BWA) | Aptiv (APTV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.5B | $3.2B |
| Revenue growth, Y/Y | -3% | +2% |
| Gross margin | 19.0% | — |
| Operating margin | 8.7% | 8.8% |
| Net earnings | $221M | $194M |
| Net margin | 6.3% | 6.1% |
| Operating cash flow | $320M | $320M |
| Free cash flow | $195M | $194M |
| Market value | $9.7B | $8.3B |
| P/E | 20.0× | 11.0× |
| Analysts’ mean target | $77.93 | $58.61 |
Where the revenue comes from
Borgwarner
- Turbos & Thermal Technologies: $1.4B (39%)
- Drivetrain & Morse Systems: $1.3B (38%)
- PowerDrive Systems: $699M (20%)
- Battery Energy Systems: $78.0M (2%)
Questions
Which is bigger, Borgwarner or Aptiv?
Borgwarner is the larger company: $3.5B of revenue in its latest quarter (Q3 2026) against $3.2B for Aptiv (Q3 2026).
Is Borgwarner or Aptiv growing faster?
Aptiv is growing faster (+2% against -3% a year earlier).
Which is more profitable, Borgwarner or Aptiv?
Aptiv is more profitable, with an operating margin of 8.8% against 8.7%.
More: Borgwarner earnings · how Borgwarner makes money · Aptiv earnings · how Aptiv makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.