Garrett Motion Inc. (NASDAQ: GTX)

Garrett Motion Inc. is a technology leader specializing in emission reduction and energy efficiency solutions. The company designs, manufactures, and sells highly engineered turbocharging, air and fluid compression, and high-speed electric motor technologies. These products cater to original equipment manufacturers (OEMs) and independent aftermarket distributors in the mobility and industrial sectors. Garrett Motion's expertise spans internal combustion engines (ICE) using various fuels, as well as zero-emission vehicles (ZEV). The company's products are key enablers for fuel economy, energy efficiency, thermal management, and compliance with greenhouse gas and other emission-reduction targets.

Garrett Motion generates revenue through the sale of its highly engineered products, which include turbochargers, air and fluid compression systems, and high-speed electric motor technologies. The company's primary products are turbochargers for gasoline, diesel, and natural gas engines, as well as electric-boosting technologies and fuel cell air compressors. These products are sold to OEMs and aftermarket distributors in the mobility and industrial fields. The company's customer base includes most light and commercial vehicle OEMs, with a significant portion of its revenue coming from the top ten customers.

• Light Vehicle ICE: Garrett Motion offers a range of turbochargers for gasoline and diesel engines, including variable geometry turbines and dual-boost compressors. The company's products cater to the light vehicle market, helping OEMs meet stricter fuel efficiency and emissions standards. Key products include the Garrett MEG turbocharger line, aimed at marine and industrial applications.

• Internal Combustion Commercial Vehicles & Industrial Products: Garrett Motion provides turbochargers for commercial vehicles and industrial applications, improving engine performance and enabling lower emissions. The company's products are used in trucks, buses, agriculture equipment, construction equipment, and mining equipment with engine sizes ranging from 1.8L to over 100L.

• Electric (Battery Electric and Hydrogen Fuel Cell Electric) Vehicles & Industrial Products: Garrett Motion offers a comprehensive range of electric air compressors for fuel cell systems. The company's products are used in fuel cell vehicles, data center cooling, and other industrial applications. Garrett Motion also provides E-Powertrain and E-Cooling compressor technologies for electric vehicles.

• Aftermarket and Performance Products: Garrett Motion's aftermarket brand offers a range of turbochargers and performance products. The company operates through a network of more than 370 distributors covering 165 countries, providing a stable stream of revenue supported by a large installed base.

Garrett Motion holds a strong position in the turbocharger industry, with significant expertise in delivering highly engineered products at scale. The company's competitive advantages include differentiated and innovative technology, strong relationships with leading OEMs globally, and a global and low-cost manufacturing footprint with operational excellence. Garrett Motion's technology portfolio includes approximately 1,350 patents and patents pending, providing meaningful protection for its intellectual property. The company's top ten customers accounted for approximately 62% of net sales in 2025, with the largest customer representing approximately 12% of net sales. Garrett Motion's customer base includes most light and commercial vehicle OEMs, with a significant portion of its revenue coming from the top ten customers. The company's products are used by OEMs to meet stricter fuel efficiency and emissions standards, as well as to improve engine performance and enable lower emissions in commercial vehicles and industrial applications.