NASDAQ : GTX
Garrett Motion Inc. — Financial statements
Consumer Discretionary · Auto Parts · Switzerland
Last price 22.48 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.19B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Garrett Motion Inc. (GTX) reported revenue of 3.78B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.78B | 3.58B | 3.48B | 3.89B | 3.60B | 3.63B |
| Cost of Revenue | 2.98B | 2.85B | 2.77B | 3.13B | 2.92B | 2.93B |
| Gross Profit | 799.00M | 731.00M | 705.00M | 756.00M | 683.00M | 707.00M |
| Selling, General & Admin | 233.00M | 225.00M | 227.00M | 240.00M | 179.00M | 203.00M |
| Other Operating Expenses | -6.00M | |||||
| Operating Expenses | 227.00M | 225.00M | 227.00M | 240.00M | 179.00M | 203.00M |
| Operating Income | 572.00M | 506.00M | 478.00M | 516.00M | 504.00M | 504.00M |
| Interest Expense | -103.00M | -108.00M | -156.00M | -159.00M | -8.00M | -83.00M |
| Interest & Investment Income | 4.00M | 4.00M | 3.00M | 7.00M | 2.00M | 1.00M |
| Earnings From Equity Investments | 2.00M | 7.00M | 7.00M | 7.00M | ||
| Currency Exchange Gain (Loss) | 20.00M | 1.00M | -4.00M | -6.00M | -2.00M | -14.00M |
| Other Non Operating Income (Expenses) | -32.00M | -10.00M | -6.00M | -18.00M | -2.00M | -1.00M |
| EBT Excluding Unusual Items | 461.00M | 393.00M | 317.00M | 347.00M | 501.00M | 414.00M |
| Merger & Restructuring Charges | 6.00M | |||||
| Gain (Loss) on Sale of Investments | 27.00M | |||||
| Other Unusual Items | -1.00M | -1.00M | -1.00M | -5.00M | 124.00M | |
| Pretax Income | 466.00M | 392.00M | 343.00M | 347.00M | 496.00M | 538.00M |
| Income Tax Expense | 89.00M | 82.00M | 61.00M | 86.00M | 106.00M | 43.00M |
| Net Income | 377.00M | 310.00M | 282.00M | 261.00M | 390.00M | 495.00M |
| Preferred Dividends & Other Adjustments | 312.00M | 341.00M | 377.00M | |||
| Net Income to Common | 377.00M | 310.00M | 282.00M | -51.00M | 49.00M | 118.00M |
| Shares Outstanding (Basic) | 188.59M | 199.76M | 222.32M | 166.60M | 64.71M | 69.71M |
| Shares Outstanding (Diluted) | 193.24M | 203.62M | 224.12M | 166.60M | 65.08M | 317.50M |
| EPS (Basic) | 2.00 | 1.55 | 1.27 | -0.31 | 0.76 | 1.69 |
| EPS (Diluted) | 1.95 | 1.52 | 1.26 | -0.31 | 0.75 | 1.56 |
| Free Cash Flow | 395.00M | 341.00M | 317.00M | 382.00M | 284.00M | -382.00M |
| Free Cash Flow Per Share | 2.04 | 1.68 | 1.41 | 2.29 | 4.36 | -1.20 |
| Dividend Per Share | 0.32 | 0.26 | ||||
| Gross Margin | 21.13% | 20.40% | 20.29% | 19.45% | 18.96% | 19.46% |
| Operating Margin | 15.12% | 14.12% | 13.76% | 13.28% | 13.99% | 13.87% |
| Profit Margin | 9.97% | 8.65% | 8.12% | -1.31% | 1.36% | 3.25% |
| Free Cash Flow Margin | 10.44% | 9.52% | 9.12% | 9.83% | 7.88% | -10.51% |
| EBITDA | 674.00M | 605.00M | 568.00M | 606.00M | 588.00M | 596.00M |
| EBITDA Margin | 17.82% | 16.88% | 16.35% | 15.59% | 16.32% | 16.41% |
| D&A For EBITDA | 102.00M | 99.00M | 90.00M | 90.00M | 84.00M | 92.00M |
| EBIT | 572.00M | 506.00M | 478.00M | 516.00M | 504.00M | 504.00M |
| EBIT Margin | 15.12% | 14.12% | 13.76% | 13.28% | 13.99% | 13.87% |
| Effective Tax Rate | 19.10% | 20.92% | 17.78% | 24.78% | 21.37% | 7.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 211.00M | 177.00M | 125.00M | 259.00M | 246.00M | 423.00M |
| Cash & Short-Term Investments | 211.00M | 177.00M | 125.00M | 259.00M | 246.00M | 423.00M |
| Accounts Receivable | 641.00M | 524.00M | 517.00M | 608.00M | 610.00M | 548.00M |
| Other Receivables | 92.00M | 97.00M | 92.00M | 117.00M | 142.00M | 93.00M |
| Receivables | 821.00M | 734.00M | 705.00M | 826.00M | 857.00M | 762.00M |
| Inventory | 386.00M | 339.00M | 286.00M | 263.00M | 270.00M | 244.00M |
| Prepaid Expenses | 27.00M | 18.00M | 16.00M | 15.00M | 16.00M | 13.00M |
| Restricted Cash | 2.00M | 2.00M | 1.00M | 1.00M | 2.00M | 41.00M |
| Other Current Assets | 81.00M | 49.00M | 60.00M | 42.00M | 40.00M | 28.00M |
| Total Current Assets | 1.53B | 1.32B | 1.19B | 1.41B | 1.43B | 1.51B |
| Property, Plant & Equipment | 478.00M | 511.00M | 501.00M | 517.00M | 514.00M | 536.00M |
| Long-Term Investments | 8.00M | 11.00M | 10.00M | 29.00M | 106.00M | 28.00M |
| Goodwill | 193.00M | 193.00M | 193.00M | 193.00M | 193.00M | 193.00M |
| Long-Term Deferred Tax Assets | 200.00M | 210.00M | 207.00M | 216.00M | 232.00M | 289.00M |
| Other Long-Term Assets | 125.00M | 123.00M | 172.00M | 166.00M | 161.00M | 149.00M |
| Total Assets | 2.53B | 2.37B | 2.28B | 2.53B | 2.64B | 2.71B |
| Accounts Payable | 1.11B | 1.06B | 972.00M | 1.07B | 1.05B | 1.01B |
| Accrued Expenses | 135.00M | 114.00M | 116.00M | 131.00M | 108.00M | 121.00M |
| Current Portion of Long-Term Debt | 7.00M | 7.00M | 7.00M | 7.00M | 7.00M | 207.00M |
| Current Portion of Leases | 14.00M | 13.00M | 11.00M | 9.00M | 9.00M | 9.00M |
| Current Income Taxes Payable | 29.00M | 32.00M | 32.00M | 42.00M | 39.00M | 25.00M |
| Current Unearned Revenue | 8.00M | |||||
| Other Current Liabilities | 178.00M | 136.00M | 140.00M | 111.00M | 156.00M | 140.00M |
| Total Current Liabilities | 1.47B | 1.36B | 1.28B | 1.37B | 1.38B | 1.51B |
| Long-Term Debt | 1.36B | 1.41B | 1.47B | 1.65B | 1.15B | 1.38B |
| Long-Term Leases | 44.00M | 38.00M | 42.00M | 33.00M | 36.00M | 42.00M |
| Pension & Post-Retirement Benefits | 7.00M | 9.00M | 18.00M | 23.00M | 21.00M | 61.00M |
| Long-Term Deferred Tax Liabilities | 37.00M | 32.00M | 25.00M | 27.00M | 25.00M | 21.00M |
| Other Long-Term Liabilities | 233.00M | 316.00M | 119.00M | 159.00M | 148.00M | 166.00M |
| Total Liabilities | 3.15B | 3.17B | 2.95B | 3.26B | 2.75B | 3.17B |
| Additional Paid-In Capital | 1.26B | 1.24B | 1.21B | 1.19B | 1.33B | 1.33B |
| Retained Earnings | -1.14B | -1.38B | -1.65B | -1.92B | -1.49B | -1.79B |
| Treasury Stock | -714.00M | -520.00M | -306.00M | |||
| Comprehensive Income & Other | -27.00M | -138.00M | 73.00M | -3.00M | 36.00M | -4.00M |
| Shareholders' Equity | -618.00M | -802.00M | -673.00M | -735.00M | -116.00M | -468.00M |
| Total Liabilities & Equity | 2.53B | 2.37B | 2.28B | 2.53B | 2.64B | 2.71B |
| Total Debt | 1.42B | 1.47B | 1.53B | 1.70B | 1.20B | 1.63B |
| Net Cash (Debt) | -1.21B | -1.29B | -1.40B | -1.44B | -954.00M | -1.21B |
| Net Cash Per Share | -6.28 | -6.35 | -6.26 | -8.62 | -14.66 | -3.81 |
| Filing Date Shares Outstanding | 184.61M | 189.97M | 205.01M | 238.26M | 64.84M | 64.52M |
| Total Common Shares Outstanding | 185.36M | 190.56M | 206.39M | 238.25M | 64.83M | 64.57M |
| Working Capital | 58.00M | -44.00M | -85.00M | 32.00M | 56.00M | 3.00M |
| Book Value Per Share | -3.33 | -4.21 | -3.26 | -3.09 | -1.79 | -7.25 |
| Tangible Book Value | -811.00M | -995.00M | -866.00M | -928.00M | -309.00M | -661.00M |
| Tangible Book Value Per Share | -4.38 | -5.22 | -4.20 | -3.90 | -4.77 | -10.24 |
| Land | 14.00M | 13.00M | 14.00M | 15.00M | 16.00M | |
| Buildings | 174.00M | 150.00M | 153.00M | 144.00M | 149.00M | |
| Machinery | 1.29B | 1.14B | 1.17B | 1.10B | 1.10B | |
| Construction In Progress | 76.00M | 98.00M | 96.00M | 97.00M | 87.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 377.00M | 310.00M | 282.00M | 261.00M | 390.00M | 495.00M |
| Depreciation & Amortization | 102.00M | 99.00M | 90.00M | 90.00M | 84.00M | 92.00M |
| Other Amortization | 7.00M | 7.00M | 37.00M | 20.00M | 8.00M | 7.00M |
| Asset Writedown & Restructuring Costs | -435.00M | |||||
| Loss (Gain) From Sale of Investments | -27.00M | |||||
| Stock-Based Compensation | 29.00M | 27.00M | 23.00M | 14.00M | 11.00M | 7.00M |
| Other Operating Activities | 6.00M | 18.00M | 20.00M | 79.00M | -61.00M | -22.00M |
| Change in Accounts Receivable | -85.00M | 22.00M | 89.00M | 1.00M | -102.00M | 18.00M |
| Change in Inventory | -78.00M | -35.00M | -48.00M | 12.00M | -48.00M | -31.00M |
| Change in Accounts Payable | 84.00M | 8.00M | -52.00M | 8.00M | 108.00M | -75.00M |
| Change in Other Net Operating Assets | 35.00M | -43.00M | -6.00M | -20.00M | -15.00M | -366.00M |
| Operating Cash Flow | 477.00M | 413.00M | 408.00M | 465.00M | 375.00M | -310.00M |
| Capital Expenditures | -82.00M | -72.00M | -91.00M | -83.00M | -91.00M | -72.00M |
| Investment in Securities | 4.00M | 3.00M | 46.00M | |||
| Other Investing Activities | 18.00M | 28.00M | 31.00M | 28.00M | 1.00M | |
| Investing Cash Flow | -60.00M | -41.00M | -14.00M | -55.00M | -91.00M | -71.00M |
| Short-Term Debt Issued | 70.00M | |||||
| Long-Term Debt Issued | 80.00M | 794.00M | 667.00M | 1.22B | ||
| Total Debt Issued | 126.00M | 150.00M | 794.00M | 667.00M | 1.22B | |
| Short-Term Debt Repaid | -70.00M | -570.00M | ||||
| Long-Term Debt Repaid | -139.00M | -992.00M | -207.00M | -7.00M | -1.52B | |
| Total Debt Repaid | -233.00M | -209.00M | -992.00M | -207.00M | -7.00M | -2.09B |
| Net Debt Issued (Repaid) | -107.00M | -59.00M | -198.00M | 460.00M | -7.00M | -866.00M |
| Repurchase of Common Stock | -264.00M | -211.00M | -304.00M | -213.00M | -4.00M | |
| Preferred Dividends Paid | -52.00M | -52.00M | -42.00M | -83.00M | ||
| Dividends Paid | -62.00M | -52.00M | -42.00M | -83.00M | ||
| Other Financing Activities | -2.00M | -4.00M | -18.00M | -28.00M | -4.00M | -76.00M |
| Financing Cash Flow | -435.00M | -326.00M | -520.00M | -403.00M | -482.00M | 139.00M |
| Foreign Exchange Rate Adjustments | -1.00M | 7.00M | -8.00M | 5.00M | -18.00M | 13.00M |
| Net Cash Flow | -19.00M | 53.00M | -134.00M | 12.00M | -216.00M | -229.00M |
| Free Cash Flow | 395.00M | 341.00M | 317.00M | 382.00M | 284.00M | -382.00M |
| Free Cash Flow Margin | 10.44% | 9.52% | 9.12% | 9.83% | 7.88% | -10.51% |
| Free Cash Flow Per Share | 2.04 | 1.68 | 1.41 | 2.29 | 4.36 | -1.20 |
| Levered Free Cash Flow | 292.12M | 318.75M | 241.25M | 301.12M | 292.00M | 378.12M |
| Unlevered Free Cash Flow | 349.50M | 379.25M | 301.75M | 380.50M | 289.00M | 423.00M |
| Cash Interest Paid | 94.00M | 95.00M | 88.00M | 89.00M | 65.00M | 61.00M |
| Cash Income Tax Paid | 51.00M | 62.00M | 64.00M | 60.00M | 42.00M | 61.00M |
| Change in Working Capital | -44.00M | -48.00M | -17.00M | 1.00M | -57.00M | -454.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.86B | 3.39B | 1.93B | 2.34B | 493.92M | 522.45M |
| Enterprise Value | 5.07B | 4.70B | 3.36B | 3.85B | 1.43B | 1.91B |
| Last Close Price | 20.91 | 17.27 | 8.75 | 9.38 | 7.39 | 7.79 |
| PE Ratio | 10.73 | 10.94 | 6.84 | 10.08 | 4.43 | |
| Forward PE | 10.47 | 11.27 | 7.30 | 9.30 | 6.96 | 7.16 |
| PS Ratio | 1.02 | 0.95 | 0.56 | 0.60 | 0.14 | 0.14 |
| PB Ratio | -4.23 | -2.87 | -3.19 | -4.26 | -1.12 | |
| P/FCF Ratio | 9.77 | 9.94 | 6.08 | 6.14 | 1.74 | |
| P/OCF Ratio | 8.09 | 8.21 | 4.73 | 5.04 | 1.32 | |
| PEG Ratio | 0.54 | 0.49 | 0.21 | 0.21 | 0.21 | 0.21 |
| EV/Sales Ratio | 1.34 | 1.31 | 0.97 | 0.99 | 0.40 | 0.53 |
| EV/EBITDA Ratio | 7.53 | 7.76 | 5.91 | 6.36 | 2.43 | 3.21 |
| EV/EBIT Ratio | 8.87 | 9.28 | 7.02 | 7.47 | 2.84 | 3.79 |
| EV/FCF Ratio | 12.84 | 13.77 | 10.59 | 10.09 | 5.04 | |
| Debt / Equity Ratio | -2.30 | -1.83 | -2.27 | -2.31 | -10.35 | -3.49 |
| Debt / EBITDA Ratio | 2.05 | 2.35 | 2.61 | 2.73 | 1.99 | 2.67 |
| Debt / FCF Ratio | 3.60 | 4.31 | 4.82 | 4.44 | 4.22 | |
| Net Debt / Equity Ratio | -1.96 | -1.61 | -2.08 | -1.95 | -8.22 | -2.59 |
| Net Debt / EBITDA Ratio | 1.80 | 2.14 | 2.47 | 2.37 | 1.62 | 2.03 |
| Net Debt / FCF Ratio | 3.07 | 3.79 | 4.42 | 3.76 | 3.36 | -3.17 |
| Asset Turnover | 1.52 | 1.54 | 1.45 | 1.50 | 1.35 | 1.27 |
| Inventory Turnover | 8.45 | 9.13 | 10.09 | 11.74 | 11.36 | 12.22 |
| Quick Ratio | 0.64 | 0.58 | 0.57 | 0.72 | 0.73 | 0.71 |
| Current Ratio | 1.04 | 0.97 | 0.93 | 1.02 | 1.04 | 1.00 |
| Return on Assets (ROA) | 14.39% | 13.62% | 12.44% | 12.49% | 11.79% | 11.01% |
| Return on Invested Capital (ROIC) | 44.75% | 39.98% | 36.54% | 32.14% | 32.22% | 41.83% |
| Return on Capital Employed (ROCE) | 53.90% | 50.40% | 47.90% | 44.80% | 39.90% | 42.10% |
| Earnings Yield | 9.32% | 9.14% | 14.62% | 11.13% | 78.96% | 94.75% |
| FCF Yield | 10.23% | 10.06% | 16.44% | 16.30% | 57.50% | -73.12% |
| Dividend Yield | 1.53% | 1.46% | ||||
| Payout Ratio | 16.42% | 16.77% | 16.09% | 21.28% | ||
| Buyback Yield / Dilution | 6.75% | 9.15% | -34.53% | -156.00% | 79.50% | -317.22% |
| Total Shareholder Return | 8.28% | 10.61% | -34.53% | -156.00% | 79.50% | -317.22% |