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Autoliv vs Borgwarner: revenue, profit, margins and growth compared

Autoliv brought in $10.8B of revenue in fiscal 2025, Borgwarner $14.3B in fiscal 2025. Revenue changed by +4.1% at Autoliv and +1.6% at Borgwarner on the year before, so Autoliv grew faster. Autoliv kept 6.8% of its revenue as net profit, Borgwarner 1.9%. Free cash flow was $716M at Autoliv and $1.2B at Borgwarner.

Side by side, latest fiscal year

ALVBWA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.8B$14.3B
Revenue growth+4.1%+1.6%
Net income$735M$277M
Net margin6.8%1.9%
Free cash flow$716M$1.2B
Free cash flow margin6.6%8.2%
Earnings per share (diluted)$9.55$1.28
Cash$604M$2.3B
Debt$1.7B$3.9B
Price to earnings12.347.9
Market value$8.6B$12.5B
Dividend yield2.65%0.91%
Rank by revenue in sector#117 of 778 · Consumer discretionary#93 of 778 · Consumer discretionary

Over the years

Revenue
ALV FY2018: $8.7BALV FY2019: $8.5BALV FY2020: $7.4BALV FY2021: $8.2BALV FY2022: $8.8BALV FY2023: $10.5BALV FY2024: $10.4BALV FY2025: $10.8BBWA FY2018: $10.5BBWA FY2019: $10.2BBWA FY2020: $10.2BBWA FY2021: $11.8BBWA FY2022: $12.6BBWA FY2023: $14.2BBWA FY2024: $14.1BBWA FY2025: $14.3BFY18FY19FY20FY21FY22FY23FY24FY25
ALV $10.8BBWA $14.3B
Net income
ALV FY2018: $190.4MALV FY2019: $462MALV FY2020: $187MALV FY2021: $435MALV FY2022: $423MALV FY2023: $488MALV FY2024: $646MALV FY2025: $735MBWA FY2018: $931MBWA FY2019: $746MBWA FY2020: $500MBWA FY2021: $537MBWA FY2022: $944MBWA FY2023: $625MBWA FY2024: $338MBWA FY2025: $277MFY18FY19FY20FY21FY22FY23FY24FY25
ALV $735MBWA $277M
Net margin
ALV FY2018: 2.2%ALV FY2019: 5.4%ALV FY2020: 2.5%ALV FY2021: 5.3%ALV FY2022: 4.8%ALV FY2023: 4.7%ALV FY2024: 6.2%ALV FY2025: 6.8%BWA FY2018: 8.8%BWA FY2019: 7.3%BWA FY2020: 4.9%BWA FY2021: 4.5%BWA FY2022: 7.5%BWA FY2023: 4.4%BWA FY2024: 2.4%BWA FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
ALV 6.8%BWA 1.9%
Revenue growth
ALV FY2019: -1.5%ALV FY2020: -12.9%ALV FY2021: +10.5%ALV FY2022: +7.4%ALV FY2023: +18.5%ALV FY2024: -0.8%ALV FY2025: +4.1%BWA FY2019: -3.4%BWA FY2020: -0.0%BWA FY2021: +16.1%BWA FY2022: +7.0%BWA FY2023: +12.4%BWA FY2024: -0.8%BWA FY2025: +1.6%FY19FY20FY21FY22FY23FY24FY25
ALV +4.1%BWA +1.6%
Free cash flow
ALV FY2018: $30.6MALV FY2019: $158MALV FY2020: $505MALV FY2021: $296MALV FY2022: $128MALV FY2023: $409MALV FY2024: $480MALV FY2025: $716MBWA FY2018: $580MBWA FY2019: $527MBWA FY2020: $743MBWA FY2021: $792MBWA FY2022: $947MBWA FY2023: $565MBWA FY2024: $711MBWA FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
ALV $716MBWA $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Autoliv and Borgwarner

Which is bigger by revenue, Autoliv or Borgwarner?

Borgwarner is bigger by revenue: $14.3B in fiscal 2025, against $10.8B for Autoliv in fiscal 2025.

Which keeps more of its revenue as profit, Autoliv or Borgwarner?

Autoliv had a net margin of 6.8% in fiscal 2025; Borgwarner had 1.9% in fiscal 2025.

Which grew revenue faster, Autoliv or Borgwarner?

In their latest fiscal years revenue changed by +4.1% at Autoliv and +1.6% at Borgwarner.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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