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Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells engineered turbocharging and high-speed electric motor technologies for original equipment manufacturers, distributors, and industrial fields in the United States, Europe, Asia, and internationally. The company offers air and fluid compression, cutting-edge technology for mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications. It also provides mechanical and electrical products for turbocharging for gasoline, diesel, natural gas, hydrogen, internal combustion engines, as well as zero-emission technologies using hydrogen fuel cell systems, both for mobility and industrial use; boosting internal combustion engines, as well as for compressing air and refrigerants for industrial and mobility use; and e-powertrain and e-cooling compressor technologies for electric vehicles and industrial applications. It offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is based in Rolle, Switzerland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.6B | $602M | $310M | $341M | -38.7% | 3.1% | 9.9% |
| 2024 | $3.5B | $593M | $282M | $317M | -41.9% | -10.6% | 8.0% |
| 2023 | $3.9B | $600M | $261M | $382M | -35.5% | 7.9% | -33.1% |
| 2022 | $3.6B | $590M | $390M | $284M | -336.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3,603 | 3,886 | 3,475 | 3,584 |
| Cost Of Revenue | 2,920 | 3,130 | 2,770 | 2,853 |
| Gross Profit | 683 | 756 | 705 | 731 |
| Operating Expense | 216 | 247 | 240 | 240 |
| Operating Income | 467 | 509 | 465 | 491 |
| EBITDA | 590 | 600 | 593 | 602 |
| EBIT | 506 | 510 | 503 | 503 |
| Pretax Income | 496 | 347 | 343 | 392 |
| Tax Provision | 106 | 86 | 61 | 82 |
| Net Income | 390 | 261 | 282 | 310 |
| Net Income Common Stockholders | 49 | -51 | 282 | 310 |
| Total Expenses | 3,136 | 3,377 | 3,010 | 3,093 |
| Interest Expense | 10 | 163 | 160 | 111 |
| Interest Income | 2 | 7 | 3 | 4 |
| Selling General And Administration | 216 | 247 | 240 | 240 |
| Normalized EBITDA | 600 | 606 | 570 | 601 |
| Normalized Income | 397.86 | 265.51 | 263.09 | 309.21 |
| Basic EPS | 0.75 | -0.31 | 1.27 | 0 |
| Diluted EPS | 0.75 | -0.31 | 1.26 | 0 |
| Tax Effect Of Unusual Items | -2.14 | -1.49 | 4.09 | 0.21 |
| Tax Rate For Calcs | 0.21 | 0.25 | 0.18 | 0.21 |
| Total Unusual Items | -10 | -6 | 23 | 1 |
| Total Unusual Items Excluding Goodwill | -10 | -6 | 23 | 1 |
| Net Income From Continuing Operation Net Minority Interest | 390 | 261 | 282 | 310 |
| Reconciled Depreciation | 84 | 90 | 90 | 99 |
| Reconciled Cost Of Revenue | 2,920 | 3,130 | 2,770 | 2,853 |
| Net Interest Income | -8 | -157 | -158 | -114 |
| Net Income From Continuing And Discontinued Operation | 390 | 261 | 282 | 310 |
| Diluted Average Shares | 65.08 | 166.60 | 224.12 | 0 |
| Basic Average Shares | 64.71 | 166.60 | 222.32 | 0 |
| Diluted NI Availto Com Stockholders | 49 | -51 | 282 | 310 |
| Otherunder Preferred Stock Dividend | 184 | 0 | 0 | 0 |
| Preferred Stock Dividends | 157 | 312 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 390 | 261 | 282 | 310 |
| Net Income Continuous Operations | 390 | 261 | 282 | 310 |
| Other Income Expense | 37 | -5 | 36 | 15 |
| Other Non Operating Income Expenses | 40 | -6 | 11 | 14 |
| Special Income Charges | -8 | 0 | 27 | 0 |
| Gain On Sale Of Business | 0 | 0 | 27 | 0 |
| Other Special Charges | 5 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 3 | 0 | 0 | 0 |
| Earnings From Equity Interest | 7 | 7 | 2 | 0 |
| Gain On Sale Of Security | -2 | -6 | -4 | 1 |
| Net Non Operating Interest Income Expense | -8 | -157 | -158 | -114 |
| Total Other Finance Cost | 0 | 1 | 1 | 7 |
| Interest Expense Non Operating | 10 | 163 | 160 | 111 |
| Interest Income Non Operating | 2 | 7 | 3 | 4 |
| Operating Revenue | 3,603 | 3,886 | 3,475 | 3,584 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Garrett Motion Inc.this co. | GTX | - | - | - | -38.7% | - |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M | - | 0.64 | -67.4% | 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M | - |
| 0.21 |
| 3.1% |
| 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Virco Mfg. Corporation | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Sleep Number Corporation | SNBR | $70M | - | -0.12 | 22.8% | 16.92 |
| Peer Median | - | 37.81 | 0.58 | -19.6% | 3.68 | |