BorgWarner (MEX:BWA) Operating Income: MXN24,690 Mil (TTM As of Mar. 2026)

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MEX:BWA BorgWarner Inc MEX:BWA
75 GF Score
Price MXN1,001.80
GF Value MXN611.19
! 1 Warning Sign
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What is BorgWarner Operating Income?

BorgWarner MEX:BWA 75 Operating Income is MXN24,690 Mil as of Mar. 2026. GuruFocus rates MEX:BWA with a GF Score™ of 75/100 and a GF Value™ of MXN611.19. The stock has 1 warning sign investors should review.

BorgWarner's Operating Income for the three months ended in Mar. 2026 was MXN6,384 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN24,690 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BorgWarner's Operating Income for the three months ended in Mar. 2026 was MXN6,384 Mil. BorgWarner's Revenue for the three months ended in Mar. 2026 was MXN63,710 Mil. Therefore, BorgWarner's Operating Margin % for the quarter that ended in Mar. 2026 was 10.02%.

Good Sign:

BorgWarner Inc operating margin is expanding. Margin expansion is usually a good sign.

BorgWarner's 5-Year average Growth Rate for Operating Margin % was 0.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BorgWarner's annualized ROC % for the quarter that ended in Mar. 2026 was 12.35%. BorgWarner's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.09%.


BorgWarner  (MEX:BWA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BorgWarner's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=25534.304 * ( 1 - 22.26% )/( (158720.245 + 162763.15)/ 2 )
=19850.3679296/160741.6975
=12.35 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=247920.483 - 47553.054 - ( 41647.184 - max(0, 59094.707 - 122348.732+41647.184))
=158720.245

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=246200.453 - 45388.306 - ( 38048.997 - max(0, 57073.496 - 121576.464+38048.997))
=162763.15

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

BorgWarner's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25462.172/( ( (62677.842 + max(12081.826, 0)) + (62086.586 + max(26940.854, 0)) )/ 2 )
=25462.172/( ( 74759.668 + 89027.44 )/ 2 )
=25462.172/81893.554
=31.09 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43339.72 + 21732.88 + 5365.699) - (47553.054 + 4663.476 + 6139.943)
=12081.826

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55684.978 + 21639.24 + 5932.759) - (45388.306 + 5049.156 + 5878.661)
=26940.854

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

BorgWarner's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=6383.576/63709.529
=10.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


BorgWarner Operating Income Related Terms


BorgWarner Operating Income Historical Data

* Premium members only.

The historical data trend for BorgWarner's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BorgWarner Operating Income Chart

BorgWarner Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,544.89 21,114.17 21,438.48 27,174.98 23,821.54

BorgWarner Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,669.37 6,025.34 5,925.18 6,356.01 6,383.58
MEX:BWA
75GF Score
BorgWarner Inc MEX:BWA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BorgWarner Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN24,690 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN24,690 Mil mean?
BorgWarner (MEX:BWA) has a Operating Income of MXN24,690 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BorgWarner and its competitors.
Is BorgWarner's Operating Income too high?
BorgWarner's current Operating Income is MXN24,690 Mil. Overall, BorgWarner has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does BorgWarner's Operating Income compare to MOD and APTV?
BorgWarner's Operating Income of MXN24,690 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BorgWarner and its competitors. BorgWarner's current Operating Income is MXN24,690 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BorgWarner stock overvalued right now?
BorgWarner (MEX:BWA) has a current Operating Income of MXN24,690 Mil. The stock's GF Value™ is MXN611.19, compared to a current price of MXN1,001.80 — trading 63.9% above its estimated fair value. The current Operating Income is MXN24,690 Mil. BorgWarner's overall GF Score™ is 75/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For BorgWarner (MEX:BWA), the current Operating Income is MXN24,690 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BorgWarner (MEX:BWA) Overvalued in 2026?

Based on GuruFocus' analysis, BorgWarner stock appears to be overvalued. The current stock price of MXN1,001.80 is trading 63.9% above its estimated GF Value™ of MXN611.19.

Key valuation signals for MEX:BWA:

  • Operating Income: MXN24,690 Mil
  • GF Value™: MXN611.19 vs. price of MXN1,001.80 (63.9% above fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the MEX:BWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BorgWarner Business Description

Address 3850 Hamlin Road, Auburn Hills, MI, USA, 48326
BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2024, 23% of the company's revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.
75GF Score

Get the complete analysis for MEX:BWA

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,001.80
Price
MXN611.19
GF Value