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Side-by-side financial comparison of Agilent Technologies (A) and BORGWARNER INC (BWA). Click either name above to swap in a different company.
BORGWARNER INC is the larger business by last-quarter revenue ($3.6B vs $1.8B, roughly 2.0× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs -7.3%, a 24.3% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 3.9%). BORGWARNER INC produced more free cash flow last quarter ($457.0M vs $175.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs -0.3%).
Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...
BorgWarner Inc. is an American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. As of 2023, the company maintains production facilities and sites at 92 locations in 24 countries, and generates revenues of US$14.2 billion, while employing around 39,900 people. The company is one of the 25 largest automotive suppliers in the world. Since February 2025, Joseph F. Fadool has been CEO of BorgWarner Inc.
A vs BWA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $3.6B |
| Net Profit | $305.0M | $-262.0M |
| Gross Margin | 52.6% | 20.5% |
| Operating Margin | 19.6% | -6.7% |
| Net Margin | 17.0% | -7.3% |
| Revenue YoY | 7.0% | 3.9% |
| Net Profit YoY | -4.1% | 35.3% |
| EPS (diluted) | $1.07 | $-1.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $3.6B | ||
| Q3 25 | $1.7B | $3.6B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.6B | $3.6B |
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $-262.0M | ||
| Q3 25 | $336.0M | $158.0M | ||
| Q2 25 | $215.0M | $224.0M | ||
| Q1 25 | $318.0M | $157.0M | ||
| Q4 24 | $351.0M | $-405.0M | ||
| Q3 24 | $282.0M | $234.0M | ||
| Q2 24 | $308.0M | $303.0M |
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | 20.5% | ||
| Q3 25 | 51.1% | 18.5% | ||
| Q2 25 | 51.9% | 17.6% | ||
| Q1 25 | 53.5% | 18.2% | ||
| Q4 24 | 53.9% | 19.9% | ||
| Q3 24 | 54.2% | 18.4% | ||
| Q2 24 | 54.4% | 19.0% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | -6.7% | ||
| Q3 25 | 20.7% | 6.9% | ||
| Q2 25 | 18.0% | 7.9% | ||
| Q1 25 | 22.4% | 6.7% | ||
| Q4 24 | 24.0% | -9.2% | ||
| Q3 24 | 21.1% | 7.8% | ||
| Q2 24 | 23.1% | 8.2% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | -7.3% | ||
| Q3 25 | 19.3% | 4.4% | ||
| Q2 25 | 12.9% | 6.2% | ||
| Q1 25 | 18.9% | 4.5% | ||
| Q4 24 | 20.6% | -11.8% | ||
| Q3 24 | 17.9% | 6.8% | ||
| Q2 24 | 19.6% | 8.4% |
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $-1.20 | ||
| Q3 25 | $1.18 | $0.73 | ||
| Q2 25 | $0.75 | $1.03 | ||
| Q1 25 | $1.11 | $0.72 | ||
| Q4 24 | $1.23 | $-1.78 | ||
| Q3 24 | $0.97 | $1.04 | ||
| Q2 24 | $1.05 | $1.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | — |
| Total DebtLower is stronger | $3.0B | $3.9B |
| Stockholders' EquityBook value | $6.9B | $5.4B |
| Total Assets | $12.8B | $13.8B |
| Debt / EquityLower = less leverage | 0.44× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $3.9B | ||
| Q3 25 | $3.4B | $3.9B | ||
| Q2 25 | $3.3B | $3.9B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $2.1B | $4.2B | ||
| Q2 24 | $2.1B | $3.3B |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $5.4B | ||
| Q3 25 | $6.4B | $6.0B | ||
| Q2 25 | $6.1B | $5.9B | ||
| Q1 25 | $6.0B | $5.7B | ||
| Q4 24 | $5.9B | $5.5B | ||
| Q3 24 | $5.9B | $6.2B | ||
| Q2 24 | $6.2B | $6.1B |
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $13.8B | ||
| Q3 25 | $12.2B | $14.5B | ||
| Q2 25 | $12.2B | $14.4B | ||
| Q1 25 | $11.9B | $13.8B | ||
| Q4 24 | $11.8B | $14.0B | ||
| Q3 24 | $11.0B | $15.1B | ||
| Q2 24 | $10.9B | $14.1B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | 0.72× | ||
| Q3 25 | 0.53× | 0.65× | ||
| Q2 25 | 0.55× | 0.66× | ||
| Q1 25 | 0.56× | 0.66× | ||
| Q4 24 | 0.57× | 0.68× | ||
| Q3 24 | 0.36× | 0.68× | ||
| Q2 24 | 0.34× | 0.54× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $268.0M | $619.0M |
| Free Cash FlowOCF − Capex | $175.0M | $457.0M |
| FCF MarginFCF / Revenue | 9.7% | 12.8% |
| Capex IntensityCapex / Revenue | 5.2% | 4.5% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $993.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $619.0M | ||
| Q3 25 | $362.0M | $368.0M | ||
| Q2 25 | $221.0M | $579.0M | ||
| Q1 25 | $431.0M | $82.0M | ||
| Q4 24 | $481.0M | $682.0M | ||
| Q3 24 | $452.0M | $356.0M | ||
| Q2 24 | $333.0M | $462.0M |
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $457.0M | ||
| Q3 25 | $259.0M | $257.0M | ||
| Q2 25 | $107.0M | $502.0M | ||
| Q1 25 | $334.0M | $-37.0M | ||
| Q4 24 | $388.0M | $521.0M | ||
| Q3 24 | $360.0M | $201.0M | ||
| Q2 24 | $230.0M | $297.0M |
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 12.8% | ||
| Q3 25 | 14.9% | 7.2% | ||
| Q2 25 | 6.4% | 13.8% | ||
| Q1 25 | 19.9% | -1.1% | ||
| Q4 24 | 22.8% | 15.1% | ||
| Q3 24 | 22.8% | 5.8% | ||
| Q2 24 | 14.6% | 8.2% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 4.5% | ||
| Q3 25 | 5.9% | 3.1% | ||
| Q2 25 | 6.8% | 2.1% | ||
| Q1 25 | 5.8% | 3.4% | ||
| Q4 24 | 5.5% | 4.7% | ||
| Q3 24 | 5.8% | 4.5% | ||
| Q2 24 | 6.5% | 4.6% |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.08× | 2.33× | ||
| Q2 25 | 1.03× | 2.58× | ||
| Q1 25 | 1.36× | 0.52× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.60× | 1.52× | ||
| Q2 24 | 1.08× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
BWA
| Foundational Products | $2.9B | 81% |
| Drivetrain Morse Systems | $506.0M | 14% |
| Power Drive Systems | $112.0M | 3% |
| Battery Charging Systems | $64.0M | 2% |
