Garrett Motion Inc. GTX
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.55 | 1.27 | -0.31 | 0.75 | 1.69 | 1.06 | 4.20 | 16.28 | -13.27 | 2.69 |
| EPS, diluted | 1.52 | 1.26 | -0.31 | 0.75 | 1.56 | 1.05 | 4.12 | 16.21 | -13.27 | 2.69 |
| Shares, diluted (wtd. avg.) | $203.6M | $224.1M | $166.6M | $65.1M | $317.5M | $76.1M | $75.9M | $74.4M | $74.1M | $74.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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