Garrett Motion Inc. GTX

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived Nasdaq

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.

Last close 21.55 2026-10-23
Market cap $4.03B 2026-03-31 share count
52-week range 15.54 - 36.25

Valuation FY2025 figures against the last close

P/S1.1x
P/E14.2x
P/FCF11.8x
EV/EBITDA—
Dividend yield1.3%
Diluted EPS1.52

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.58B$3.48B$3.89B$3.60B$3.63B$3.03B$3.25B$3.38B$3.10B$3.00B
Cost of revenue $2.85B$2.77B$3.13B$2.92B$2.93B$2.50B$2.56B$2.60B$2.36B$2.37B
Gross profit $731.0M$705.0M$756.0M$683.0M$707.0M$539.0M$693.0M$776.0M$735.0M$632.0M
SG&A $240.0M$240.0M$247.0M$216.0M$216.0M$260.0M$231.0M$249.0M$249.0M$197.0M
Interest expense ——$159.0M$8.0M$83.0M$79.0M$68.0M$19.0M$8.0M$7.0M
Pre-tax income $392.0M$343.0M$347.0M$496.0M$538.0M$119.0M$346.0M$396.0M$366.0M$250.0M
Income tax $82.0M$61.0M$86.0M$106.0M$43.0M$39.0M$33.0M$810.0M$1.35B$51.0M
Net income $310.0M$282.0M$261.0M$390.0M$495.0M$80.0M$313.0M$1.21B-$983.0M$199.0M
EPS, basic 1.551.27-0.310.751.691.064.2016.28-13.272.69
EPS, diluted 1.521.26-0.310.751.561.054.1216.21-13.272.69
Shares, diluted (wtd. avg.) 203.6M224.1M166.6M65.1M317.5M76.1M75.9M74.4M74.1M74.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $177.0M$125.0M$259.0M$246.0M$423.0M$592.0M$187.0M$196.0M$300.0M$119.0M
Inventory $339.0M$286.0M$263.0M$270.0M$244.0M$235.0M$220.0M$172.0M$188.0M—
Total current assets $1.32B$1.19B$1.41B$1.43B$1.51B$1.88B$1.20B$1.18B$2.08B—
Property, plant and equipment $462.0M$449.0M$477.0M$470.0M$485.0M$505.0M$471.0M$438.0M$442.0M—
Goodwill $193.0M$193.0M$193.0M$193.0M$193.0M$193.0M$193.0M$193.0M$193.0M—
Total assets $2.37B$2.28B$2.53B$2.64B$2.71B$3.02B$2.27B$2.12B$3.00B—
Accounts payable $1.06B$972.0M$1.07B$1.05B$1.01B$1.02B$1.01B$916.0M$860.0M—
Short-term debt $7.0M$7.0M$7.0M$7.0M$7.0M$0$4.0M$23.0M——
Total current liabilities $1.36B$1.28B$1.37B$1.38B$1.51B$1.83B$1.39B$1.44B$2.55B—
Long-term debt $1.41B$1.46B$1.64B$1.15B$1.18B$1.08B$1.41B$1.57B——
Total liabilities $3.17B$2.95B$3.26B$2.75B$3.17B$5.33B$4.41B$4.64B$5.19B—
Retained earnings -$1.38B-$1.65B-$1.92B-$1.49B-$1.79B-$2.21B-$2.28B-$2.60B-$2.43B—
Total equity -$802.0M-$673.0M-$735.0M-$116.0M-$468.0M-$2.31B-$2.13B-$2.52B-$2.19B-$1.22B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $413.0M$408.0M$465.0M$375.0M-$310.0M$25.0M$242.0M$373.0M$71.0M$305.0M
Depreciation and amortisation $99.0M$90.0M$90.0M$84.0M$92.0M$86.0M$73.0M$72.0M$64.0M$59.0M
Stock-based compensation $27.0M$23.0M$14.0M$11.0M$7.0M$10.0M$18.0M$21.0M$15.0M$12.0M
Capital expenditure $72.0M$91.0M$83.0M$91.0M$72.0M$80.0M$102.0M$95.0M$103.0M$84.0M
Investing cash flow -$41.0M-$14.0M-$55.0M-$91.0M-$71.0M-$80.0M-$86.0M$192.0M$30.0M-$182.0M
Financing cash flow -$326.0M-$520.0M-$403.0M-$482.0M$139.0M$530.0M-$163.0M-$658.0M$60.0M-$149.0M
Dividends paid $52.0M$0$42.0M$83.0M$0$0————
Buybacks $208.0M$296.0M$213.0M$0$4.0M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014250.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 3B Gross profit, FY2016: 632M Net income, FY2016: 199M Revenue, FY2017: 3.1B Gross profit, FY2017: 735M Net income, FY2017: -983M Revenue, FY2018: 3.4B Gross profit, FY2018: 776M Net income, FY2018: 1.2B Revenue, FY2019: 3.2B Gross profit, FY2019: 693M Net income, FY2019: 313M Revenue, FY2020: 3B Gross profit, FY2020: 539M Net income, FY2020: 80M Revenue, FY2021: 3.6B Gross profit, FY2021: 707M Net income, FY2021: 495M Revenue, FY2022: 3.6B Gross profit, FY2022: 683M Net income, FY2022: 390M Revenue, FY2023: 3.9B Gross profit, FY2023: 756M Net income, FY2023: 261M Revenue, FY2024: 3.5B Gross profit, FY2024: 705M Net income, FY2024: 282M Revenue, FY2025: 3.6B Gross profit, FY2025: 731M Net income, FY2025: 310M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.00B $3.10B $3.38B $3.25B $3.03B $3.63B $3.60B $3.89B $3.48B $3.58B
Gross profit $632.0M $735.0M $776.0M $693.0M $539.0M $707.0M $683.0M $756.0M $705.0M $731.0M
Net income $199.0M -$983.0M $1.21B $313.0M $80.0M $495.0M $390.0M $261.0M $282.0M $310.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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