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Side-by-side financial comparison of Adient plc (ADNT) and BORGWARNER INC (BWA). Click either name above to swap in a different company.
Adient plc is the larger business by last-quarter revenue ($3.6B vs $3.6B, roughly 1.0× BORGWARNER INC). Adient plc runs the higher net margin — -0.6% vs -7.3%, a 6.7% gap on every dollar of revenue. On growth, Adient plc posted the faster year-over-year revenue change (4.3% vs 3.9%). BORGWARNER INC produced more free cash flow last quarter ($457.0M vs $15.0M). Over the past eight quarters, BORGWARNER INC's revenue compounded faster (-0.3% CAGR vs -1.4%).
Adient plc is an American, Irish-domiciled company that operates as the largest manufacturer of automotive seating for customers worldwide and is based in Plymouth, Michigan, United States.
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.
ADNT vs BWA — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $3.6B |
| Net Profit | $-22.0M | $-262.0M |
| Gross Margin | 6.0% | 20.5% |
| Operating Margin | 1.1% | -6.7% |
| Net Margin | -0.6% | -7.3% |
| Revenue YoY | 4.3% | 3.9% |
| Net Profit YoY | — | 35.3% |
| EPS (diluted) | $-0.28 | $-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.
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.7B | $3.6B | ||
| Q2 25 | $3.7B | $3.6B | ||
| Q1 25 | $3.6B | $3.5B | ||
| Q4 24 | $3.5B | $3.4B | ||
| Q3 24 | $3.6B | $3.4B | ||
| Q2 24 | $3.7B | $3.6B | ||
| Q1 24 | $3.8B | $3.6B |
| Q4 25 | $-22.0M | $-262.0M | ||
| Q3 25 | $18.0M | $158.0M | ||
| Q2 25 | $36.0M | $224.0M | ||
| Q1 25 | $-335.0M | $157.0M | ||
| Q4 24 | $0 | $-405.0M | ||
| Q3 24 | $79.0M | $234.0M | ||
| Q2 24 | $-11.0M | $303.0M | ||
| Q1 24 | $-70.0M | $206.0M |
| Q4 25 | 6.0% | 20.5% | ||
| Q3 25 | 6.7% | 18.5% | ||
| Q2 25 | 6.3% | 17.6% | ||
| Q1 25 | 7.2% | 18.2% | ||
| Q4 24 | 6.2% | 19.9% | ||
| Q3 24 | 6.9% | 18.4% | ||
| Q2 24 | 5.6% | 19.0% | ||
| Q1 24 | 6.1% | 17.9% |
| Q4 25 | 1.1% | -6.7% | ||
| Q3 25 | 1.7% | 6.9% | ||
| Q2 25 | 1.8% | 7.9% | ||
| Q1 25 | -7.3% | 6.7% | ||
| Q4 24 | 1.3% | -9.2% | ||
| Q3 24 | 1.8% | 7.8% | ||
| Q2 24 | 1.2% | 8.2% | ||
| Q1 24 | -1.1% | 8.2% |
| Q4 25 | -0.6% | -7.3% | ||
| Q3 25 | 0.5% | 4.4% | ||
| Q2 25 | 1.0% | 6.2% | ||
| Q1 25 | -9.3% | 4.5% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | 2.2% | 6.8% | ||
| Q2 24 | -0.3% | 8.4% | ||
| Q1 24 | -1.9% | 5.7% |
| Q4 25 | $-0.28 | $-1.20 | ||
| Q3 25 | $0.17 | $0.73 | ||
| Q2 25 | $0.43 | $1.03 | ||
| Q1 25 | $-3.99 | $0.72 | ||
| Q4 24 | $0.00 | $-1.78 | ||
| Q3 24 | $0.88 | $1.04 | ||
| Q2 24 | $-0.12 | $1.34 | ||
| Q1 24 | $-0.77 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $2.4B | $3.9B |
| Stockholders' EquityBook value | $1.7B | $5.4B |
| Total Assets | $8.8B | $13.8B |
| Debt / EquityLower = less leverage | 1.37× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $3.9B | ||
| Q3 25 | $2.4B | $3.9B | ||
| Q2 25 | $2.4B | $3.9B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.4B | $4.2B | ||
| Q2 24 | $2.4B | $3.3B | ||
| Q1 24 | $2.4B | $3.3B |
| Q4 25 | $1.7B | $5.4B | ||
| Q3 25 | $1.8B | $6.0B | ||
| Q2 25 | $1.8B | $5.9B | ||
| Q1 25 | $1.7B | $5.7B | ||
| Q4 24 | $1.9B | $5.5B | ||
| Q3 24 | $2.1B | $6.2B | ||
| Q2 24 | $1.9B | $6.1B | ||
| Q1 24 | $2.1B | $5.8B |
| Q4 25 | $8.8B | $13.8B | ||
| Q3 25 | $9.0B | $14.5B | ||
| Q2 25 | $8.8B | $14.4B | ||
| Q1 25 | $8.6B | $13.8B | ||
| Q4 24 | $8.5B | $14.0B | ||
| Q3 24 | $9.4B | $15.1B | ||
| Q2 24 | $9.1B | $14.1B | ||
| Q1 24 | $9.3B | $14.1B |
| Q4 25 | 1.37× | 0.72× | ||
| Q3 25 | 1.35× | 0.65× | ||
| Q2 25 | 1.34× | 0.66× | ||
| Q1 25 | 1.44× | 0.66× | ||
| Q4 24 | 1.28× | 0.68× | ||
| Q3 24 | 1.12× | 0.68× | ||
| Q2 24 | 1.24× | 0.54× | ||
| Q1 24 | 1.16× | 0.56× |
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 | $80.0M | $619.0M |
| Free Cash FlowOCF − Capex | $15.0M | $457.0M |
| FCF MarginFCF / Revenue | 0.4% | 12.8% |
| Capex IntensityCapex / Revenue | 1.8% | 4.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $174.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $619.0M | ||
| Q3 25 | $213.0M | $368.0M | ||
| Q2 25 | $172.0M | $579.0M | ||
| Q1 25 | $-45.0M | $82.0M | ||
| Q4 24 | $109.0M | $682.0M | ||
| Q3 24 | $263.0M | $356.0M | ||
| Q2 24 | $158.0M | $462.0M | ||
| Q1 24 | $81.0M | $-118.0M |
| Q4 25 | $15.0M | $457.0M | ||
| Q3 25 | $134.0M | $257.0M | ||
| Q2 25 | $115.0M | $502.0M | ||
| Q1 25 | $-90.0M | $-37.0M | ||
| Q4 24 | $45.0M | $521.0M | ||
| Q3 24 | $191.0M | $201.0M | ||
| Q2 24 | $88.0M | $297.0M | ||
| Q1 24 | $12.0M | $-308.0M |
| Q4 25 | 0.4% | 12.8% | ||
| Q3 25 | 3.6% | 7.2% | ||
| Q2 25 | 3.1% | 13.8% | ||
| Q1 25 | -2.5% | -1.1% | ||
| Q4 24 | 1.3% | 15.1% | ||
| Q3 24 | 5.4% | 5.8% | ||
| Q2 24 | 2.4% | 8.2% | ||
| Q1 24 | 0.3% | -8.6% |
| Q4 25 | 1.8% | 4.5% | ||
| Q3 25 | 2.1% | 3.1% | ||
| Q2 25 | 1.5% | 2.1% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 1.8% | 4.7% | ||
| Q3 24 | 2.0% | 4.5% | ||
| Q2 24 | 1.9% | 4.6% | ||
| Q1 24 | 1.8% | 5.3% |
| Q4 25 | — | — | ||
| Q3 25 | 11.83× | 2.33× | ||
| Q2 25 | 4.78× | 2.58× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.33× | 1.52× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | -0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADNT
Segment breakdown not available.
BWA
| Foundational Products | $2.9B | 81% |
| Drivetrain Morse Systems | $506.0M | 14% |
| Power Drive Systems | $112.0M | 3% |
| Battery Charging Systems | $64.0M | 2% |
