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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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,603 | 3,886 | 3,475 | 3,584 |
| Operating 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 |
| Selling General And Administration | - | 216 | 247 | 240 | 240 |
| Total Expenses | - | 3,136 | 3,377 | 3,010 | 3,093 |
| Operating Income | - | 467 | 509 | 465 | 491 |
| EBITDA | - | 590 | 600 | 593 | 602 |
| Normalized EBITDA | - | 600 | 606 | 570 | 601 |
| EBIT | - | 506 | 510 | 503 | 503 |
| Interest Income | - | 2 | 7 | 3 | 4 |
| Interest Expense | - | 10 | 163 | 160 | 111 |
| Net Interest Income | - | -8 | -157 | -158 | -114 |
| Other Non Operating Income Expenses | - | 40 | -6 | 11 | 14 |
| Other Income Expense | - | 37 | -5 | 36 | 15 |
| Interest Income Non Operating | - | 2 | 7 | 3 | 4 |
| Interest Expense Non Operating | - | 10 | 163 | 160 | 111 |
| Net Non Operating Interest Income Expense | - | -8 | -157 | -158 | -114 |
| Pretax Income | - | 496 | 347 | 343 | 392 |
| Tax Provision | - | 106 | 86 | 61 | 82 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.14 | -1.49 | 4.09 | 0.21 |
| Net Income Continuous Operations | - | 390 | 261 | 282 | 310 |
| Net Income From Continuing And Discontinued Operation | - | 390 | 261 | 282 | 310 |
| Net Income From Continuing Operation Net Minority Interest | - | 390 | 261 | 282 | 310 |
| Net Income | - | 390 | 261 | 282 | 310 |
| Net Income Common Stockholders | - | 49 | -51 | 282 | 310 |
| Net Income Including Noncontrolling Interests | - | 390 | 261 | 282 | 310 |
| Normalized Income | - | 397.86 | 265.51 | 263.09 | 309.21 |
| Diluted NI Availto Com Stockholders | - | 49 | -51 | 282 | 310 |
| Basic Average Shares | - | 64.71 | 166.60 | 222.32 | 199.76 |
| Diluted Average Shares | - | 65.08 | 166.60 | 224.12 | 203.62 |
| Reconciled Depreciation | - | 84 | 90 | 90 | 99 |
| Reconciled Cost Of Revenue | - | 2,920 | 3,130 | 2,770 | 2,853 |
| Total Unusual Items | - | -10 | -6 | 23 | 1 |
| Total Unusual Items Excluding Goodwill | - | -10 | -6 | 23 | 1 |
| Preferred Stock Dividends | 97 | 157 | 312 | - | - |
| Special Income Charges | - | -8 | 0 | 27 | 0 |
| Gain On Sale Of Business | - | 0 | 0 | 27 | 0 |
| Other Special Charges | - | 5 | - | - | - |
| Restructuring And Mergern Acquisition | -125 | 3 | 0 | 0 | - |
| Gain On Sale Of Security | - | -2 | -6 | -4 | 1 |
| Total Other Finance Cost | - | - | 1 | 1 | 7 |
| Otherunder Preferred Stock Dividend | 280 | 184 | 0 | 0 | - |
| Earnings From Equity Interest | - | 7 | 7 | 2 | 0 |
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 | $6.2B | 19.84↓ discount | -7.67 | -38.7% | 12.36 |
| Super Group (SGHC) Limited | SGHC | $6.6B | 30.53 | 8.25 | 27.0% | 14.04 |
| Taylor Morrison Home Corporation | TMHC | $6.6B | 8.41 | 1.05 | 12.4% | 6.89 |
| Rush Street Interactive, Inc. | RSI | $6.1B | 182.36 | 41.26 | 22.6% | 45.09 |
| Rush Enterprises, Inc. | RUSHB |
| - |
| - |
| - |
| - |
| - |
| $5.1B |
| 19.38 |
| 2.32 |
| 12.0% |
| 9.81 |
| Alliance Laundry Holdings Inc. | ALH | $5.0B | 48.68 | 12.63 | 26.0% | 17.86 |
| Global Business Travel Group, Inc. | GBTG | $4.9B | 44.73 | 3.03 | 6.8% | 13.70 |
| Ermenegildo Zegna N.V. | ZGN | $4.0B | 40.60 | 3.88 | 9.6% | 10.82 |
| Polaris Inc. | PII | $3.9B | -8.41 | 4.73 | -56.2% | -47.42 |
| Peer Median | - | 35.56 | 4.31 | 12.2% | 12.26 | |