Borgwarner (BWA) Gross Margin (2009 - 2026)
Borgwarner (BWA) posted Gross Margin of 19.76% for Q2 2026, up 3.14% on a QoQ basis from 19.16% in Q1 2026, and up 217.0% year-over-year from 6.23% in Q2 2025.
Analysis
Borgwarner (BWA) Gross Margin (2009 - 2026) Analysis & Trends
Borgwarner has reported Gross Margin for 18 years, with the latest figure at 19.76% in Q2 2026.
- On a quarterly basis, Gross Margin rose 217.0% year-over-year to 19.76% in Q2 2026; TTM through Jun 2026 was 19.47%, a 97.0% increase from a year earlier, with the FY2025 full-year figure at 18.68%, down 12.0% from the prior year.
- Gross Margin was 19.76% for Q2 2026 at Borgwarner, up from 19.16% in the prior quarter.
- The five-year high for Gross Margin was 20.46% in Q4 2025, with the low at 17.06% in Q1 2023.
- Average Gross Margin over 5 years is 18.75%, with a median of 18.76% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 2846 bps in 2022, then plunged 230 bps in 2023.
- Over 5 years, Gross Margin stood at 19.26% in 2022, then dropped by 3 bps to 18.71% in 2023, then advanced by 6 bps to 19.86% in 2024, then grew by 3 bps to 20.46% in 2025, then decreased by 3 bps to 19.76% in 2026.
- The last three Gross Margin figures came in at 19.76% (Q2 2026), 19.16% (Q1 2026), and 20.46% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 374.13 Bn | 367.42 Bn | 7.76 Bn | 37.78% |
| 2 | Cummins | 77.17 Bn | 73.56 Bn | 2.47 Bn | 26.07% |
| 3 | Paccar | 65.64 Bn | 56.97 Bn | 1.56 Bn | 20.64% |
| 4 | Borgwarner | 13.75 Bn | 11.48 Bn | 721.00 Mn | 19.76% |
| 5 | Allison Transmission Holdings | 10.84 Bn | 10.44 Bn | 515.00 Mn | 32.89% |
| 6 | Oshkosh | 9.71 Bn | 9.31 Bn | 480.30 Mn | 16.48% |
| 7 | Federal Signal | 7.29 Bn | 7.22 Bn | 203.80 Mn | 30.41% |
| 8 | Terex | 7.23 Bn | 6.82 Bn | 444.00 Mn | 19.84% |
| 9 | Dana | 3.45 Bn | 3.18 Bn | 210.00 Mn | 10.45% |
| 10 | Phinia | 2.53 Bn | 2.16 Bn | 216.00 Mn | 22.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.76% |
| Mar 31, 2026 | 19.16% |
| Dec 31, 2025 | 20.46% |
| Sep 30, 2025 | 18.49% |
| Jun 30, 2025 | 17.59% |
| Mar 31, 2025 | 18.18% |
| Dec 31, 2024 | 19.86% |
| Sep 30, 2024 | 18.44% |
| Jun 30, 2024 | 19.01% |
| Mar 31, 2024 | 17.91% |
| Dec 31, 2023 | 18.71% |
| Sep 30, 2023 | 18.00% |
| Jun 30, 2023 | 18.52% |
| Mar 31, 2023 | 17.06% |
| Dec 31, 2022 | 19.26% |
| Sep 30, 2022 | 18.82% |
| Jun 30, 2022 | 18.94% |
| Mar 31, 2022 | 19.36% |
| Dec 31, 2021 | -9.19% |
| Sep 30, 2021 | 19.03% |