BorgWarner Inc (BWA) - Net Assets
Based on the latest financial reports, BorgWarner Inc (BWA) has net assets worth $5.61 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.77 Billion) and total liabilities ($8.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BWA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.61 Billion |
| % of Total Assets | 40.77% |
| Annual Growth Rate | 6.38% |
| 5-Year Change | -22.69% |
| 10-Year Change | 70.02% |
| Growth Volatility | 15.33 |
BorgWarner Inc - Net Assets Trend (1992–2025)
This chart illustrates how BorgWarner Inc's net assets have evolved over time, based on quarterly financial data. Also explore BWA asset base for the complete picture of this company's asset base.
Annual Net Assets for BorgWarner Inc (1992–2025)
The table below shows the annual net assets of BorgWarner Inc from 1992 to 2025. For live valuation and market cap data, see BWA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.61 Billion | -1.61% |
| 2024-12-31 | $5.71 Billion | -5.93% |
| 2023-12-31 | $6.07 Billion | -19.21% |
| 2022-12-31 | $7.51 Billion | +3.39% |
| 2021-12-31 | $7.26 Billion | +7.92% |
| 2020-12-31 | $6.73 Billion | +38.91% |
| 2019-12-31 | $4.84 Billion | +11.48% |
| 2018-12-31 | $4.35 Billion | +13.58% |
| 2017-12-31 | $3.83 Billion | +15.87% |
| 2016-12-31 | $3.30 Billion | -9.08% |
| 2015-12-31 | $3.63 Billion | -1.61% |
| 2014-12-31 | $3.69 Billion | +1.61% |
| 2013-12-31 | $3.63 Billion | +15.46% |
| 2012-12-31 | $3.15 Billion | +28.26% |
| 2011-12-31 | $2.45 Billion | +6.20% |
| 2010-12-31 | $2.31 Billion | +3.92% |
| 2009-12-31 | $2.22 Billion | +9.09% |
| 2008-12-31 | $2.04 Billion | -16.46% |
| 2007-12-31 | $2.44 Billion | +19.71% |
| 2006-12-31 | $2.04 Billion | +14.45% |
| 2005-12-31 | $1.78 Billion | +14.39% |
| 2004-12-31 | $1.56 Billion | +21.82% |
| 2003-12-31 | $1.28 Billion | +28.29% |
| 2002-12-31 | $995.90 Million | -10.73% |
| 2001-12-31 | $1.12 Billion | +1.66% |
| 2000-12-31 | $1.10 Billion | +2.92% |
| 1999-12-31 | $1.07 Billion | +35.70% |
| 1998-12-31 | $785.80 Million | +9.99% |
| 1997-12-31 | $714.40 Million | +12.36% |
| 1996-12-31 | $635.80 Million | +5.40% |
| 1995-12-31 | $603.20 Million | +12.10% |
| 1994-12-31 | $538.10 Million | +16.78% |
| 1993-12-31 | $460.80 Million | -36.89% |
| 1992-12-31 | $730.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BorgWarner Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 657000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.57 Billion | 120.73% |
| Common Stock | $3.00 Million | 0.06% |
| Other Comprehensive Income | $-799.00 Million | -14.68% |
| Total Equity | $5.44 Billion | 100.00% |
BorgWarner Inc Competitors by Market Cap
The table below lists competitors of BorgWarner Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Yuneng New Energy Battery Material Co. Ltd. A
SHE:301358
|
$11.38 Billion |
|
Metso Oyj
HE:METSO
|
$11.39 Billion |
|
Allegion PLC
NYSE:ALLE
|
$11.40 Billion |
|
Stanley Black & Decker Inc
NYSE:SWK
|
$11.40 Billion |
|
Hong Leong Bank Bhd
KLSE:5819
|
$11.38 Billion |
|
Shenzhen Han's CNC Technology Co. Ltd.
SHE:301200
|
$11.37 Billion |
|
China Railway Construction Corp Ltd
SHG:601186
|
$11.36 Billion |
|
Modine Manufacturing Company
NYSE:MOD
|
$11.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BorgWarner Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,532,000,000 to 5,442,000,000, a change of -90,000,000 (-1.6%).
- Net income of 277,000,000 contributed positively to equity growth.
- Dividend payments of 119,000,000 reduced retained earnings.
- Share repurchases of 508,000,000 reduced equity.
- Other comprehensive income increased equity by 221,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $277.00 Million | +5.09% |
| Dividends Paid | $119.00 Million | -2.19% |
| Share Repurchases | $508.00 Million | -9.33% |
| Other Comprehensive Income | $221.00 Million | +4.06% |
| Other Changes | $39.00 Million | +0.72% |
| Total Change | $- | -1.63% |
Book Value vs Market Value Analysis
This analysis compares BorgWarner Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.36x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $3.99 | $57.26 | x |
| 1993-12-31 | $2.48 | $57.26 | x |
| 1994-12-31 | $2.86 | $57.26 | x |
| 1995-12-31 | $3.18 | $57.26 | x |
| 1996-12-31 | $3.29 | $57.26 | x |
| 1997-12-31 | $3.62 | $57.26 | x |
| 1998-12-31 | $4.10 | $57.26 | x |
| 1999-12-31 | $5.07 | $57.26 | x |
| 2000-12-31 | $5.13 | $57.26 | x |
| 2001-12-31 | $5.22 | $57.26 | x |
| 2002-12-31 | $4.57 | $57.26 | x |
| 2003-12-31 | $5.77 | $57.26 | x |
| 2004-12-31 | $6.78 | $57.26 | x |
| 2005-12-31 | $7.16 | $57.26 | x |
| 2006-12-31 | $8.09 | $57.26 | x |
| 2007-12-31 | $9.85 | $57.26 | x |
| 2008-12-31 | $8.65 | $57.26 | x |
| 2009-12-31 | $9.34 | $57.26 | x |
| 2010-12-31 | $8.72 | $57.26 | x |
| 2011-12-31 | $9.29 | $57.26 | x |
| 2012-12-31 | $12.70 | $57.26 | x |
| 2013-12-31 | $15.39 | $57.26 | x |
| 2014-12-31 | $15.80 | $57.26 | x |
| 2015-12-31 | $15.75 | $57.26 | x |
| 2016-12-31 | $14.95 | $57.26 | x |
| 2017-12-31 | $17.57 | $57.26 | x |
| 2018-12-31 | $20.17 | $57.26 | x |
| 2019-12-31 | $22.76 | $57.26 | x |
| 2020-12-31 | $30.04 | $57.26 | x |
| 2021-12-31 | $29.01 | $57.26 | x |
| 2022-12-31 | $30.51 | $57.26 | x |
| 2023-12-31 | $24.86 | $57.26 | x |
| 2024-12-31 | $24.61 | $57.26 | x |
| 2025-12-31 | $25.15 | $57.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BorgWarner Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.93%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.53x
- Recent ROE (5.09%) is below the historical average (9.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | -1.66% | -1.31% | 0.86x | 1.48x | $-84.92 Million |
| 1993 | -21.35% | -9.95% | 0.85x | 2.53x | $-143.91 Million |
| 1994 | 12.04% | 5.26% | 0.99x | 2.32x | $10.91 Million |
| 1995 | 12.37% | 5.58% | 1.00x | 2.23x | $14.20 Million |
| 1996 | 6.65% | 2.71% | 0.95x | 2.58x | $-21.08 Million |
| 1997 | 14.88% | 5.84% | 1.02x | 2.50x | $33.83 Million |
| 1998 | 12.18% | 5.16% | 0.99x | 2.38x | $16.97 Million |
| 1999 | 12.51% | 5.38% | 0.83x | 2.81x | $26.55 Million |
| 2000 | 8.65% | 3.55% | 0.96x | 2.54x | $-14.71 Million |
| 2001 | 6.01% | 2.82% | 0.85x | 2.51x | $-44.02 Million |
| 2002 | -12.14% | -4.36% | 1.02x | 2.73x | $-217.24 Million |
| 2003 | 13.88% | 5.70% | 1.01x | 2.41x | $48.86 Million |
| 2004 | 14.23% | 6.19% | 1.00x | 2.30x | $64.88 Million |
| 2005 | 14.57% | 5.58% | 1.05x | 2.49x | $75.18 Million |
| 2006 | 11.28% | 4.61% | 1.00x | 2.44x | $24.06 Million |
| 2007 | 12.43% | 5.41% | 1.07x | 2.14x | $56.39 Million |
| 2008 | -1.77% | -0.68% | 1.13x | 2.32x | $-236.20 Million |
| 2009 | 1.24% | 0.68% | 0.83x | 2.20x | $-191.53 Million |
| 2010 | 16.71% | 6.68% | 1.02x | 2.46x | $151.54 Million |
| 2011 | 23.04% | 7.73% | 1.19x | 2.50x | $311.31 Million |
| 2012 | 16.25% | 6.98% | 1.12x | 2.08x | $192.64 Million |
| 2013 | 17.53% | 8.40% | 1.07x | 1.94x | $268.24 Million |
| 2014 | 18.14% | 7.90% | 1.15x | 2.00x | $294.18 Million |
| 2015 | 17.16% | 7.60% | 0.91x | 2.49x | $254.33 Million |
| 2016 | 3.68% | 1.31% | 1.03x | 2.75x | $-203.33 Million |
| 2017 | 11.84% | 4.49% | 1.00x | 2.63x | $68.22 Million |
| 2018 | 22.03% | 8.84% | 1.04x | 2.39x | $508.15 Million |
| 2019 | 15.85% | 7.33% | 1.05x | 2.06x | $275.40 Million |
| 2020 | 7.78% | 4.92% | 0.63x | 2.49x | $-142.80 Million |
| 2021 | 7.73% | 3.62% | 0.90x | 2.39x | $-157.80 Million |
| 2022 | 13.07% | 7.47% | 0.74x | 2.35x | $221.60 Million |
| 2023 | 10.72% | 4.40% | 0.98x | 2.48x | $42.20 Million |
| 2024 | 6.11% | 2.40% | 1.01x | 2.53x | $-215.20 Million |
| 2025 | 5.09% | 1.93% | 1.04x | 2.53x | $-267.20 Million |
Industry Comparison
This section compares BorgWarner Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $945,229,016
- Average return on equity (ROE) among peers: 48.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BorgWarner Inc (BWA) | $5.61 Billion | -1.66% | 1.45x | $11.38 Billion |
| Advance Auto Parts Inc (AAP) | $722.32 Million | 26.03% | 2.05x | $3.42 Billion |
| Adient PLC (ADNT) | $2.53 Billion | 0.71% | 2.69x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $1.23 Billion | 54.58% | 3.08x | $10.59 Billion |
| Autoliv Inc (ALV) | $1.90 Billion | 2.52% | 1.11x | $8.18 Billion |
| Aptiv PLC (APTV) | $2.83 Billion | 38.06% | 2.60x | $11.66 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $447.60 Million | 31.90% | 0.76x | $4.37 Billion |
| American Axle & Manufacturing (AXL) | $33.60 Million | 281.25% | 89.15x | $1.36 Billion |
| AutoZone Inc (AZO) | $-1.25 Billion | 0.00% | 0.00x | $58.67 Billion |
| China Automotive Systems Inc (CAAS) | $58.68 Million | 5.65% | 1.04x | $129.73 Million |
About BorgWarner Inc
BorgWarner Inc., together with its subsidiaries, provides technology solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through the Turbos & Thermal Technologies; Drivetrain & Morse Systems; PowerDrive Systems; and Battery & Charging Systems segments. It offers turbochargers, eBoosters, eTurbos, emissions systems, thermal systems, gasoline ignition technology,… Read more