Adient vs BorgWarner
Add, change or remove companies; up to four.
The short version
- Adient is the larger business, with $14.5B of revenue in fiscal 2025 against $14.3B for BorgWarner.
- BorgWarner grew revenue faster (1.6%, against −1.0%).
- BorgWarner turned more of its sales into free cash flow (8.2% FCF margin, against 1.4%).
- BorgWarner earned a higher return on the capital invested in it (4.6%, against 2.0%).
- Investors pay more for each dollar of Adient’s earnings: a P/E of 30.2x against 27.1x for BorgWarner.
| Latest fiscal year | ADNT · FY25 | BWA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.3B | $11.3B |
| Revenue | $14.5B | $14.3B |
| Free cash flow | $204M | $1.2B |
| Net income | −$281M | $277M |
| Growth | ||
| Revenue growth | −1.0% | 1.6% |
| 5-year growth | 2.8% | 7.1% |
| Share count change | −7.9% | −3.7% |
| Profitability | ||
| Gross margin | 6.6% | 18.7% |
| Operating margin | — | 3.7% |
| Net margin | −1.9% | 1.9% |
| FCF margin | 1.4% | 8.2% |
| Return on capital | 2.0% | 4.6% |
| Return on equity | −14.4% | 5.1% |
| Balance sheet | ||
| Net debt | $1.4B | $1.6B |
| Net debt / EBITDA | 3.4x | 1.3x |
| Dividends and buybacks | $125M | $627M |
| Valuation & quality | ||
| P/E | 30.2x | 27.1x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
ADNT $16.8B
BWA $9.1B
FY17
ADNT $16.2B
BWA $9.8B
FY18
ADNT $17.4B
BWA $10.5B
FY19
ADNT $16.5B
BWA $10.2B
FY20
ADNT $12.7B
BWA $10.2B
FY21
ADNT $13.7B
BWA $11.8B
FY22
ADNT $14.1B
BWA $12.6B
FY23
ADNT $15.4B
BWA $14.2B
FY24
ADNT $14.7B
BWA $14.1B
FY25
ADNT $14.5B
BWA $14.3B
ADNT
BWA
Operating margin
FY16
ADNT —
BWA 10.7%
FY17
ADNT —
BWA 10.9%
FY18
ADNT —
BWA 11.3%
FY19
ADNT —
BWA 12.8%
FY20
ADNT —
BWA 6.1%
FY21
ADNT —
BWA 7.7%
FY22
ADNT —
BWA 8.0%
FY23
ADNT —
BWA 8.2%
FY24
ADNT —
BWA 3.9%
FY25
ADNT —
BWA 3.7%
ADNT
BWA
Free cash flow
FY16
ADNT −$1.5B
BWA $535M
FY17
ADNT $169M
BWA $620M
FY18
ADNT $143M
BWA $580M
FY19
ADNT −$160M
BWA $527M
FY20
ADNT −$80.0M
BWA $743M
FY21
ADNT $0.0M
BWA $792M
FY22
ADNT $47.0M
BWA $947M
FY23
ADNT $415M
BWA $565M
FY24
ADNT $277M
BWA $711M
FY25
ADNT $204M
BWA $1.2B
ADNT
BWA
Return on capital
FY16
ADNT —
BWA 12.8%
FY17
ADNT 14.3%
BWA 10.4%
FY18
ADNT −12.1%
BWA 17.7%
FY19
ADNT 1.3%
BWA 14.1%
FY20
ADNT −3.9%
BWA 4.9%
FY21
ADNT 30.5%
BWA 8.6%
FY22
ADNT 2.8%
BWA 7.9%
FY23
ADNT 10.7%
BWA 8.9%
FY24
ADNT 6.2%
BWA 5.4%
FY25
ADNT 2.0%
BWA 4.6%
ADNT
BWA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.