BorgWarner Inc (BWA)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 625,000 | 725,000 | 950,000 | 962,000 | 945,000 | 820,000 | 641,000 | 672,000 | 537,000 | 766,000 | 781,000 | 436,000 | 500,000 | 362,000 | 445,000 | 715,000 | 746,000 | 756,000 | 766,000 | 866,000 |
| Revenue (ttm) | US$ in thousands | 15,825,000 | 16,484,000 | 16,848,000 | 16,082,000 | 15,805,000 | 15,319,000 | 14,706,000 | 14,749,000 | 14,878,000 | 15,140,000 | 14,258,000 | 11,904,000 | 10,171,000 | 8,803,000 | 8,757,000 | 9,881,000 | 10,168,000 | 10,183,000 | 10,169,000 | 10,312,000 |
| Net profit margin | 3.95% | 4.40% | 5.64% | 5.98% | 5.98% | 5.35% | 4.36% | 4.56% | 3.61% | 5.06% | 5.48% | 3.66% | 4.92% | 4.11% | 5.08% | 7.24% | 7.34% | 7.42% | 7.53% | 8.40% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $625,000K ÷ $15,825,000K
= 3.95%
BorgWarner Inc's net profit margin has shown some fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 4.40%, slightly lower than the previous quarter. This decrease could indicate potential challenges in controlling expenses or generating revenue. In the preceding quarters, the company experienced marginal improvements in net profit margins, with Q2 2023 showing the highest margin at 5.63%.
Comparing year-over-year performance, Q4 2023's net profit margin of 4.40% was lower than the same period in 2022, which stood at 5.97%. This decline in profitability may raise concerns about the company's operational efficiency or cost management strategies. It's worth noting that Q1 and Q2 2022 also had relatively higher net profit margins compared to the latest quarter.
Overall, BorgWarner Inc's net profit margin trend appears mixed, reflecting variability in the company's profitability over the recent quarters. Further analysis of the underlying factors affecting net profit, such as revenue growth, cost management, and industry conditions, would be essential to assess the sustainability and competitiveness of the firm's profit margins.
Peer comparison
Dec 31, 2023