BWA vs MGA: BorgWarner and Magna International compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Magna International is the larger company, worth $16.6B, about 1.4 times BorgWarner.
- BorgWarner grew revenue faster over the last year (+0.3% vs -1.9%).
- On earnings, Magna International is the cheaper stock (21.8x vs 33.7x).
- BorgWarner's price assumes faster free cash flow growth: about -4% a year, against -9% for Magna International (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BWA | MGA |
|---|---|---|
| Market cap | $11.9B | $16.6B |
| Share price | $61.30 | $63.99 |
| Revenue (last fiscal year) | $14.3B | $42.0B |
| Free cash flow (last fiscal year) | $1.2B | $2.3B |
| Revenue growth, last year | +0.3% | -1.9% |
| Revenue growth per year, last 5 fiscal years | +4.9% | +3.8% |
| Operating margin | 5.0% | — |
| Net margin | 2.9% | 2.0% |
| Return on equity | 7.4% | 6.6% |
| P/E (trailing) | 33.7x | 21.8x |
| Price / free cash flow | 10.1x | 9.12x |
| EV / EBITDA | 9.07x | 6.89x |
| FCF growth the price implies | -4.1% | -8.6% |
| Dividend yield | 1.0% | 3.2% |
| Debt / equity | 1.45x | 1.49x |
| Fundamental grade | C | D |
| Superinvestors holding it | 5 | 4 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
BorgWarner
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.8B | $792M | 7.7% |
| 2022 | $12.6B | $947M | 8.0% |
| 2023 | $14.2B | $565M | 8.2% |
| 2024 | $14.1B | $711M | 3.9% |
| 2025 | $14.3B | $1.2B | 3.7% |
Magna International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $36.2B | $1.6B | — |
| 2022 | $37.8B | $414M | — |
| 2023 | $42.8B | $649M | — |
| 2024 | $42.8B | $1.5B | — |
| 2025 | $42.0B | $2.3B | — |
Where the revenue comes from
BorgWarner · by segments, 2025
Turbos & Thermal Technologies$5.8B40%
Drivetrain & Morse Systems$5.6B39%
PowerDrive Systems$2.3B16%
Battery & Charging Systems$590M4%
Magna International · by segments, 2025
Body Exteriors & Structures$16.6B39%
Power & Vision$15.2B36%
Seating Systems$5.9B14%
Complete Vehicles$4.8B11%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BWA in InvestinglyQuestions
Which is bigger, BorgWarner or Magna International?
Magna International (MGA), at $16.6B against $11.9B.
Is BWA or MGA cheaper?
By trailing P/E, Magna International (21.8x) is cheaper than BorgWarner (33.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, BWA or MGA?
BorgWarner: revenue grew +0.3% over the last year, against -1.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.