Borgwarner BWA
NYSE BWA
$65.24 -1.02 (-1.54%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%