Borgwarner (BWA) Gross Margin (2009 - 2026)
Borgwarner (BWA) recorded Gross Margin of 19.76% in Q2 2026, up 2.17 percentage points from 17.59% a year earlier and up 0.60 percentage points from the prior quarter.
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Analysis
Borgwarner (BWA) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Borgwarner's Gross Margin came in at 19.47% as of Jun 30, 2026, up 0.97 percentage points year-over-year; for FY2025, it came in at 18.68%, down 0.12 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -0.11 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 18.80% in FY2024 (+0.71 pp), 18.09% in FY2023 (-0.66 pp), 18.75% in FY2022 (+0.34 pp) and 18.41% in FY2021 (-0.38 pp).
- Quarterly Gross Margin has ranged from -9.19% in Q4 2021 to 20.46% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +0.53 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 28.46 percentage points in Q4 2022, against a drop of 28.86 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.16% (Q1 2026), 20.46% (Q4 2025) and 18.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 39.04% |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 54.48% |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 42.27% |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 37.71% |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 44.13% |
| 10 | Borgwarner | 11.64 Bn | 2.59 Bn | 721.00 Mn | 19.76% |
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% |
API Access
Borgwarner Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BWA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BWA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BWA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();