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

Borgwarner brought in $14.3B of revenue in fiscal 2025, Lear $23.3B in fiscal 2025. Revenue changed by +1.6% at Borgwarner and -0.2% at Lear on the year before, so Borgwarner grew faster. Borgwarner kept 1.9% of its revenue as net profit, Lear 1.9%. Free cash flow was $1.2B at Borgwarner and $527.2M at Lear.

Side by side, latest fiscal year

BWALEA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$14.3B$23.3B
Revenue growth+1.6%-0.2%
Net income$277M$436.8M
Net margin1.9%1.9%
Free cash flow$1.2B$527.2M
Free cash flow margin8.2%2.3%
Earnings per share (diluted)$1.28$8.15
Cash$2.3B$1B
Debt$3.9B$2.7B
Price to earnings47.915.1
Market value$12.5B$6.1B
Dividend yield0.91%0.63%
Rank by revenue in sector#93 of 778 · Consumer discretionary#49 of 778 · Consumer discretionary

Over the years

Revenue
BWA FY2018: $10.5BBWA FY2019: $10.2BBWA FY2020: $10.2BBWA FY2021: $11.8BBWA FY2022: $12.6BBWA FY2023: $14.2BBWA FY2024: $14.1BBWA FY2025: $14.3BLEA FY2018: $21.1BLEA FY2019: $19.8BLEA FY2020: $17BLEA FY2021: $19.3BLEA FY2022: $20.9BLEA FY2023: $23.5BLEA FY2024: $23.3BLEA FY2025: $23.3BFY18FY19FY20FY21FY22FY23FY24FY25
BWA $14.3BLEA $23.3B
Net income
BWA FY2018: $931MBWA FY2019: $746MBWA FY2020: $500MBWA FY2021: $537MBWA FY2022: $944MBWA FY2023: $625MBWA FY2024: $338MBWA FY2025: $277MLEA FY2018: $1.1BLEA FY2019: $753.6MLEA FY2020: $158.5MLEA FY2021: $373.9MLEA FY2022: $327.7MLEA FY2023: $572.5MLEA FY2024: $506.6MLEA FY2025: $436.8MFY18FY19FY20FY21FY22FY23FY24FY25
BWA $277MLEA $436.8M
Net margin
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%LEA FY2018: 5.4%LEA FY2019: 3.8%LEA FY2020: 0.9%LEA FY2021: 1.9%LEA FY2022: 1.6%LEA FY2023: 2.4%LEA FY2024: 2.2%LEA FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
BWA 1.9%LEA 1.9%
Revenue growth
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%LEA FY2019: -6.3%LEA FY2020: -14.0%LEA FY2021: +13.0%LEA FY2022: +8.5%LEA FY2023: +12.3%LEA FY2024: -0.7%LEA FY2025: -0.2%FY19FY20FY21FY22FY23FY24FY25
BWA +1.6%LEA -0.2%
Free cash flow
BWA FY2018: $580MBWA FY2019: $527MBWA FY2020: $743MBWA FY2021: $792MBWA FY2022: $947MBWA FY2023: $565MBWA FY2024: $711MBWA FY2025: $1.2BLEA FY2018: $1.1BLEA FY2019: $680.4MLEA FY2020: $210.8MLEA FY2021: $85MLEA FY2022: $383.2MLEA FY2023: $622.8MLEA FY2024: $561.4MLEA FY2025: $527.2MFY18FY19FY20FY21FY22FY23FY24FY25
BWA $1.2BLEA $527.2M

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

Questions about Borgwarner and Lear

Which is bigger by revenue, Borgwarner or Lear?

Lear is bigger by revenue: $23.3B in fiscal 2025, against $14.3B for Borgwarner in fiscal 2025.

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

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

Which grew revenue faster, Borgwarner or Lear?

In their latest fiscal years revenue changed by +1.6% at Borgwarner and -0.2% at Lear.

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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