Garrett Motion (GTX) financial statements
Garrett Motion reported revenue of $3.6B in fiscal 2025, up 2.0% a year over 9 years.
Net income was $310M.
Free cash flow was $341M, and the company returned $52M in dividends and $208M in net buybacks.
The diluted share count rose 83% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Garrett Motion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.4B | $3.2B | $3.0B | $3.6B | $3.6B | $3.9B | $3.5B | $3.6B |
| Cost of revenue | $2.4B | $2.4B | $2.6B | $2.6B | $2.5B | $2.9B | $2.9B | $3.1B | $2.8B | $2.9B |
| Gross profit | $632M | $735M | $776M | $693M | $539M | $707M | $683M | $756M | $705M | $731M |
| Selling, general and admin | $197M | $249M | $249M | $231M | $260M | $216M | $216M | $247M | $240M | $240M |
| Interest expense | $7M | $8M | $19M | $68M | $79M | $83M | $8M | $159M | — | — |
| Pre-tax income | $250M | $366M | $396M | $346M | $119M | $538M | $496M | $347M | $343M | $392M |
| Income tax | $51M | $1.3B | -$810M | $33M | $39M | $43M | $106M | $86M | $61M | $82M |
| Net income | $199M | -$983M | $1.2B | $313M | $80M | $495M | $390M | $261M | $282M | $310M |
| EPS (diluted) | $1.79 | -$8.85 | $10.81 | $4.12 | $1.05 | $1.56 | $0.75 | -$0.31 | $1.26 | $1.52 |
| Diluted shares | 111M | 111M | 112M | 76M | 76M | 318M | 65M | 167M | 224M | 204M |
| Gross margin | 21.1% | 23.7% | 23.0% | 21.3% | 17.8% | 19.5% | 19.0% | 19.5% | 20.3% | 20.4% |
| Net margin | 6.6% | -31.8% | 35.7% | 9.6% | 2.6% | 13.6% | 10.8% | 6.7% | 8.1% | 8.6% |
Balance sheet
Fiscal years, from Garrett Motion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $119M | $300M | $196M | $187M | $592M | $423M | $246M | $259M | $125M | $177M |
| Inventory | — | $188M | $172M | $220M | $235M | $244M | $270M | $263M | $286M | $339M |
| Total current assets | — | $2.1B | $1.2B | $1.2B | $1.9B | $1.5B | $1.4B | $1.4B | $1.2B | $1.3B |
| Property, plant and equipment | — | $442M | $438M | $471M | $505M | $485M | $470M | $477M | $449M | $462M |
| Goodwill | — | $193M | $193M | $193M | $193M | $193M | $193M | $193M | $193M | $193M |
| Total assets | — | $3.0B | $2.1B | $2.3B | $3.0B | $2.7B | $2.6B | $2.5B | $2.3B | $2.4B |
| Total current liabilities | — | $2.5B | $1.4B | $1.4B | $1.8B | $1.5B | $1.4B | $1.4B | $1.3B | $1.4B |
| Long-term debt | — | — | $1.6B | $1.4B | $1.1B | $1.2B | $1.1B | $1.6B | $1.5B | $1.4B |
| Total liabilities | — | $5.2B | $4.6B | $4.4B | $5.3B | $3.2B | $2.8B | $3.3B | $2.9B | $3.2B |
| Shareholders' equity | -$1.2B | -$2.2B | -$2.5B | -$2.1B | -$2.3B | -$468M | -$116M | -$735M | -$673M | -$802M |
| Net debt | -$119M | -$300M | $1.4B | $1.2B | $490M | $765M | $909M | $1.4B | $1.3B | $1.2B |
Cash flow
Fiscal years, from Garrett Motion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $305M | $71M | $373M | $242M | $25M | -$310M | $375M | $465M | $408M | $413M |
| Capital spending | $84M | $103M | $95M | $102M | $80M | $72M | $91M | $83M | $91M | $72M |
| Free cash flow | $221M | -$32M | $278M | $140M | -$55M | -$382M | $284M | $382M | $317M | $341M |
| Stock-based compensation | $12M | $15M | $21M | $18M | $10M | $7M | $11M | $14M | $23M | $27M |
| Dividends paid | — | — | — | — | $0 | $0 | $83M | $42M | $0 | $52M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$4M | $0 | -$213M | -$296M | -$208M |
| Net borrowing | — | — | $1.6B | — | — | — | — | — | — | — |
| Free cash flow margin | 7.4% | -1.0% | 8.2% | 4.3% | -1.8% | -10.5% | 7.9% | 9.8% | 9.1% | 9.5% |
| Dividends per share | — | — | — | — | — | — | $1.28 | $0.25 | — | $0.26 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for GTX.
Open GTX in InvestinglyQuestions
What was Garrett Motion's revenue in 2025?
$3.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Garrett Motion generate?
$341M in fiscal 2025 (operating cash flow minus capital spending).
From Garrett Motion's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.