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GTX

Garrett Motion Inc.

GTX

Garrett Motion Inc. • NASDAQ
$16.53 ▼ -0.60% (-0.10)
Market Cap $3.38 B
52w High $17.91
52w Low $7.01
Dividend Yield 0.32%
P/E 10.6
Volume 797.21K
Outstanding Shares 204.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $902M ▼ $87M ▼ $77M ▼ 8.537% ▼ $0.39 ▼ $156M ▲
Q2-2025 $913M ▲ $103M ▲ $87M ▲ 9.529% ▲ $0.43 ▲ $146M ▲
Q1-2025 $878M ▲ $89M ▼ $62M ▼ 7.062% ▼ $0.3 ▼ $136M ▼
Q4-2024 $844M ▲ $121M ▲ $100M ▲ 11.848% ▲ $0.474 ▲ $148M ▲
Q3-2024 $826M $96M $52M 6.295% $0.24 $137M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $232M ▼ $2.436B ▲ $3.249B ▲ $-813M ▼
Q2-2025 $233M ▲ $2.403B ▲ $3.215B ▲ $-812M ▼
Q1-2025 $131M ▲ $2.275B ▼ $2.975B ▲ $-700M ▼
Q4-2024 $126M ▲ $2.276B ▲ $2.949B ▲ $-673M ▲
Q3-2024 $97M $2.155B $2.933B $-778M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $77M ▼ $100M ▼ $-1M ▲ $-98M ▼ $-1M ▼ $90M ▼
Q2-2025 $87M ▲ $158M ▲ $-4M ▲ $-58M ▼ $102M ▲ $143M ▲
Q1-2025 $62M ▼ $56M ▼ $-22M ▼ $-31M ▲ $5M ▼ $30M ▼
Q4-2024 $100M ▲ $131M ▲ $-15M ▲ $-81M ▼ $29M ▲ $109M ▲
Q3-2024 $52M $67M $-17M $-55M $-2M $47M

Five-Year Company Overview

Income Statement

Income Statement Garrett’s income statement shows a business that is consistently profitable at the operating level, but with some ups and downs in overall earnings. Sales have generally grown from the pandemic period, although the most recent year dipped from the prior peak, suggesting some exposure to auto-cycle or customer demand softness. Gross profit and operating margins look fairly stable over time, which points to good cost control and solid pricing power in its niche. Net income, however, has been more volatile, likely reflecting one‑off items, capital structure effects, and restructuring decisions rather than swings in the core business. Overall, the core operations look steady and efficient, but headline earnings trends are noisy and should be interpreted carefully.

Balance Sheet

Balance Sheet The balance sheet is the main area of concern. The company carries a meaningful amount of debt and has had negative equity for several years, even though that deficit has been narrowing. This signals a leveraged capital structure and a history of past charges or restructurings that eroded book equity. Cash on hand has come down compared with earlier years, which tightens financial flexibility, although total assets remain sizable. In simple terms, the business itself looks solid, but the balance sheet shows that financial risk and leverage are still important factors to monitor.

Cash Flow

Cash Flow Cash generation has improved notably over time. After a weak patch earlier in the period, operating cash flow has been consistently positive in recent years, and free cash flow has followed the same pattern. Investment spending has been steady and relatively modest compared with the cash produced, which suggests disciplined capital expenditure. The most recent year shows a slight step down from the prior year but still healthy levels, indicating that the company is now better at converting its profits into actual cash, an important counterweight to the leveraged balance sheet.

Competitive Edge

Competitive Edge Garrett holds a strong position in its traditional turbocharger and boosting business, supported by decades of specialized know‑how and deep relationships with major global automakers. It is embedded in customer platforms, which tend to have long lifecycles and high switching costs once designed in. Its global manufacturing footprint and engineering depth create a meaningful barrier for smaller or less specialized rivals. At the same time, the company faces the usual risks of the auto‑parts sector: exposure to vehicle production cycles, pricing pressure from large OEM customers, and intense competition from other tier‑one suppliers, especially as the industry transitions to electrified powertrains.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. A large share of R&D is being redirected from legacy internal‑combustion technologies toward electric powertrains, hydrogen fuel cell systems, advanced cooling, and software. Flagship projects such as the integrated electric axle, fuel cell compressors, e‑turbo systems, and predictive software for vehicle control and fleet monitoring position Garrett to participate in the shift to cleaner and smarter vehicles. These initiatives could open up higher‑growth and potentially higher‑margin revenue streams over time, but they also come with typical innovation risks: long development cycles, uncertainty about technology adoption, and dependence on winning and retaining key OEM programs.

Summary

Garrett Motion combines a resilient, profitable core business with a more aggressive push into future powertrain and software technologies. Operationally, it appears efficient and cash‑generative, but its reported earnings can be choppy and its balance sheet is still burdened by leverage and negative equity, which elevate financial risk. Strategically, the company is leaning into electrification, hydrogen, and intelligent software, aligning itself with long‑term industry trends while relying on a strong installed base and OEM relationships. The key questions going forward are whether it can continue strengthening its balance sheet, sustain solid cash flow, and successfully convert its R&D investments into commercially scaled programs in the next generation of vehicles.

NEWS

November 5, 2025 · 5:00 PM UTC

Garrett Motion Announces Participation at Baird Global Industrial Conference

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October 23, 2025 · 6:55 AM UTC

Garrett Motion Reports Third Quarter 2025 Financial Results, Raises Midpoint Outlook, Increases Dividend, Executes Partial Debt Repayment

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October 9, 2025 · 7:00 AM UTC

Garrett Motion to Hold Third Quarter 2025 Financial Results Conference Call on Thursday October 23, 2025

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