Borgwarner Inc. (BWA) intrinsic value & 10-year financials
Borgwarner Inc. (BWA) has a Graham intrinsic value of $27.06 per share. At $58.13 on Oct 17, 2026, the stock trades 115% above that value. Over the last 10 fiscal years revenue grew 5.2% a year to $14.3B, with an average return on invested capital of 9.1%.
- Graham intrinsic value
- $27.06
- Share price (Oct 17, 2026)
- $58.13
- Price vs Graham value
- 115% above
- Market cap
- $12.6B
- Revenue (FY2025)
- $14.3B
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 9.1%
- Free cash flow (FY2025)
- $1.2B
BWA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $14.3B | $277.0M | $1.28 | $1.2B | 3.7% | 4.4% |
| FY2024 | $14.1B | $338.0M | $1.50 | $711.0M | 3.9% | 5.3% |
| FY2023 | $14.2B | $625.0M | $2.67 | $565.0M | 8.2% | 8.8% |
| FY2022 | $15.8B | $944.0M | $3.99 | $846.0M | 8.7% | 10.8% |
| FY2021 | $14.8B | $537.0M | $2.24 | $640.0M | 7.8% | 10.1% |
| FY2020 | $10.2B | $500.0M | $2.34 | $743.0M | 6.1% | 4.8% |
| FY2019 | $10.2B | $746.0M | $3.61 | $527.0M | 12.8% | 14.1% |
| FY2018 | $10.5B | $930.7M | $4.44 | $579.9M | 11.3% | 17.9% |
| FY2017 | $9.8B | $439.9M | $2.08 | $620.3M | 11.0% | 10.6% |
| FY2016 | $9.1B | $118.5M | $0.55 | $535.1M | 2.5% | 3.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BORGWARNER INC has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
BORGWARNER INC returns on capital have been average, hovering around 9.0% ROIC over the decade.
BORGWARNER INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BORGWARNER INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $27.06 per share.