Garrett Motion Financials

GTX

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Key Financial Metrics

Revenue

$3.5B

YoY-10.6%

5Y CAGR+1.4%

Garrett Motion generated $3.5B in revenue in fiscal year 2024. This represents a decrease of 10.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$317.0M

YoY-17.0%

5Y CAGR+17.8%

Garrett Motion generated $317.0M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents a decrease of 17.0% from the prior year.

Net Income

$282.0M

YoY+8.0%

5Y CAGR-2.1%

Garrett Motion reported $282.0M in net income in fiscal year 2024. This represents an increase of 8.0% from the prior year.

EPS (Diluted)

$1.26

YoY+506.5%

5Y CAGR-21.1%

Garrett Motion earned $1.26 per diluted share in fiscal year 2024. This represents an increase of 506.5% from the prior year.

Cash & Debt

$125.0M

YoY-51.7%

5Y CAGR-7.7%

Garrett Motion held $125.0M in cash against $1.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.06

Garrett Motion paid $0.06 per share in dividends in fiscal year 2024.

Shares Outstanding

206M

YoY-13.4%

5Y CAGR+22.5%

Garrett Motion had 206M shares outstanding in fiscal year 2024. This represents a decrease of 13.4% from the prior year.

Gross Margin

20.3%

YoY+0.8pp

5Y CAGR-1.1pp

Garrett Motion's gross margin was 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

N/A

Net Margin

8.1%

YoY+1.4pp

5Y CAGR-1.5pp

Garrett Motion's net profit margin was 8.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$296.0M

YoY+39.0%

Garrett Motion spent $296.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 39.0% from the prior year.

Capital Expenditures

$91.0M

YoY+9.6%

5Y CAGR-2.3%

Garrett Motion invested $91.0M in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 9.6% from the prior year.

GTX Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$3.5B-10.6%	$3.9B+7.9%	$3.6B-0.8%	$3.6B+19.7%	$3.0B-6.6%	$3.2B
Cost of Revenue	$2.8B-11.5%	$3.1B+7.2%	$2.9B-0.2%	$2.9B+17.3%	$2.5B-2.3%	$2.6B
Gross Profit	$705.0M-6.7%	$756.0M+10.7%	$683.0M-3.4%	$707.0M+31.2%	$539.0M-22.2%	$693.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$240.0M-2.8%	$247.0M+14.4%	$216.0M0.0%	$216.0M-16.9%	$260.0M+12.6%	$231.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$156.0M-1.9%	$159.0M+1887.5%	$8.0M-90.4%	$83.0M+5.1%	$79.0M+16.2%	$68.0M
Income Tax	$61.0M-29.1%	$86.0M-18.9%	$106.0M+146.5%	$43.0M+10.3%	$39.0M+18.2%	$33.0M
Net Income	$282.0M+8.0%	$261.0M-33.1%	$390.0M-21.2%	$495.0M+518.8%	$80.0M-74.4%	$313.0M
EPS (Diluted)	$1.26+506.5%	$-0.31-141.3%	$0.75-51.9%	$1.56+48.6%	$1.05-74.5%	$4.12

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$902.0M-1.2%	$913.0M+4.0%	$878.0M+4.0%	$844.0M+2.2%	$826.0M-7.2%	$890.0M-2.7%	$915.0M-3.2%	$945.0M
Cost of Revenue	$716.0M-2.2%	$732.0M+4.7%	$699.0M	N/A	$660.0M-6.4%	$705.0M-5.1%	$743.0M	N/A
Gross Profit	$186.0M+2.8%	$181.0M+1.1%	$179.0M-1.6%	$182.0M+9.6%	$166.0M-10.3%	$185.0M+7.6%	$172.0M-9.0%	$189.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$57.0M-3.4%	$59.0M0.0%	$59.0M	N/A	$53.0M-13.1%	$61.0M-4.7%	$64.0M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$29.0M+16.0%	$25.0M-13.8%	$29.0M	N/A	$37.0M-40.3%	$62.0M+100.0%	$31.0M	N/A
Income Tax	$25.0M+66.7%	$15.0M-34.8%	$23.0M	N/A	$24.0M+4.3%	$23.0M+53.3%	$15.0M	N/A
Net Income	$77.0M-11.5%	$87.0M+40.3%	$62.0M-38.0%	$100.0M+92.3%	$52.0M-18.8%	$64.0M-3.0%	$66.0M+26.9%	$52.0M
EPS (Diluted)	$0.38-9.5%	$0.42+40.0%	$0.30-36.2%	$0.47+95.8%	$0.24-14.3%	$0.280.0%	$0.28+27.3%	$0.22

GTX Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$2.3B-9.9%	$2.5B-4.2%	$2.6B-2.5%	$2.7B-10.3%	$3.0B+32.6%	$2.3B
Current Assets	$1.2B-15.1%	$1.4B-1.7%	$1.4B-5.3%	$1.5B-19.6%	$1.9B+56.7%	$1.2B
Cash & Equivalents	$125.0M-51.7%	$259.0M+5.3%	$246.0M-41.8%	$423.0M-28.5%	$592.0M+216.6%	$187.0M
Inventory	$286.0M+8.7%	$263.0M-2.6%	$270.0M+10.7%	$244.0M+3.8%	$235.0M+6.8%	$220.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M
Total Liabilities	$2.9B-9.6%	$3.3B+18.5%	$2.8B-13.3%	$3.2B-40.4%	$5.3B+20.8%	$4.4B
Current Liabilities	$1.3B-7.0%	$1.4B-0.1%	$1.4B-8.8%	$1.5B-17.6%	$1.8B+31.5%	$1.4B
Long-Term Debt	$1.5B-10.9%	$1.6B+43.1%	$1.1B-2.8%	$1.2B+9.1%	$1.1B-23.2%	$1.4B
Total Equity	-$673.0M+8.4%	-$735.0M-533.6%	-$116.0M+75.2%	-$468.0M+79.7%	-$2.3B-8.2%	-$2.1B
Retained Earnings	-$1.7B+14.0%	-$1.9B-29.4%	-$1.5B+17.0%	-$1.8B+18.9%	-$2.2B+3.3%	-$2.3B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$2.4B+1.4%	$2.4B+5.6%	$2.3B0.0%	$2.3B+5.6%	$2.2B-3.3%	$2.2B-8.9%	$2.4B-3.1%	$2.5B
Current Assets	$1.4B+1.2%	$1.4B+9.2%	$1.2B+4.6%	$1.2B+4.4%	$1.1B-4.1%	$1.2B-10.9%	$1.3B-4.8%	$1.4B
Cash & Equivalents	$230.0M-0.9%	$232.0M+78.5%	$130.0M+4.0%	$125.0M+30.2%	$96.0M-2.0%	$98.0M-50.0%	$196.0M-24.3%	$259.0M
Inventory	$320.0M+11.5%	$287.0M+8.3%	$265.0M-7.3%	$286.0M+7.1%	$267.0M-1.8%	$272.0M0.0%	$272.0M+3.4%	$263.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M0.0%	$193.0M
Total Liabilities	$3.2B+1.1%	$3.2B+8.1%	$3.0B+0.9%	$2.9B+0.5%	$2.9B-0.7%	$3.0B-7.2%	$3.2B-2.4%	$3.3B
Current Liabilities	$1.4B+3.0%	$1.3B+3.9%	$1.3B-0.7%	$1.3B+4.6%	$1.2B-4.1%	$1.3B-3.4%	$1.3B-4.0%	$1.4B
Long-Term Debt	$1.5B0.0%	$1.5B-0.1%	$1.5B-0.1%	$1.5B0.0%	$1.5B-0.1%	$1.5B-10.3%	$1.6B-0.6%	$1.6B
Total Equity	-$813.0M-0.1%	-$812.0M-16.0%	-$700.0M-4.0%	-$673.0M+13.5%	-$778.0M-7.3%	-$725.0M+1.4%	-$735.0M0.0%	-$735.0M
Retained Earnings	-$1.5B+4.3%	-$1.5B+4.7%	-$1.6B+3.8%	-$1.7B+5.0%	-$1.7B+2.9%	-$1.8B+3.4%	-$1.9B+3.4%	-$1.9B

GTX Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$408.0M-12.3%	$465.0M+24.0%	$375.0M+221.0%	-$310.0M-1340.0%	$25.0M-89.7%	$242.0M
Capital Expenditures	$91.0M+9.6%	$83.0M-8.8%	$91.0M+26.4%	$72.0M-10.0%	$80.0M-21.6%	$102.0M
Free Cash Flow	$317.0M-17.0%	$382.0M+34.5%	$284.0M+174.3%	-$382.0M-594.5%	-$55.0M-139.3%	$140.0M
Investing Cash Flow	-$14.0M+74.5%	-$55.0M+39.6%	-$91.0M-28.2%	-$71.0M+11.3%	-$80.0M+7.0%	-$86.0M
Financing Cash Flow	-$520.0M-29.0%	-$403.0M+16.4%	-$482.0M-446.8%	$139.0M-73.8%	$530.0M+425.2%	-$163.0M
Dividends Paid	$0-100.0%	$42.0M-49.4%	$83.0M	$0	$0	N/A
Share Buybacks	$296.0M+39.0%	$213.0M	$0-100.0%	$4.0M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$56.0M	N/A	N/A	N/A	$84.0M	N/A
Capital Expenditures	$10.0M-33.3%	$15.0M-42.3%	$26.0M	N/A	$20.0M+17.6%	$17.0M-46.9%	$32.0M	N/A
Free Cash Flow	N/A	N/A	$30.0M	N/A	N/A	N/A	$52.0M	N/A
Investing Cash Flow	N/A	N/A	-$22.0M	N/A	N/A	N/A	-$28.0M	N/A
Financing Cash Flow	N/A	N/A	-$31.0M	N/A	N/A	N/A	-$112.0M	N/A
Dividends Paid	$12.0M-7.7%	$13.0M+8.3%	$12.0M	N/A	N/A	N/A	$0	N/A
Share Buybacks	N/A	N/A	$30.0M	N/A	N/A	N/A	$107.0M	N/A

GTX Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	20.3%+0.8pp	19.4%+0.5pp	19.0%-0.5pp	19.5%+1.7pp	17.8%-3.6pp	21.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.1%+1.4pp	6.7%-4.1pp	10.8%-2.8pp	13.6%+11.0pp	2.6%-7.0pp	9.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	12.4%+2.1pp	10.3%-4.5pp	14.8%-3.5pp	18.3%+15.6pp	2.6%-11.1pp	13.8%
Current Ratio	0.93-0.1	1.02-0.0	1.04+0.0	1.00-0.0	1.03+0.2	0.86
Debt-to-Equity	-2.18+0.1	-2.24+7.7	-9.90-7.4	-2.52-2.1	-0.47+0.2	-0.66
FCF Margin	9.1%-0.7pp	9.8%+2.0pp	7.9%+18.4pp	-10.5%-8.7pp	-1.8%-6.1pp	4.3%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	20.6%+0.8pp	19.8%-0.6pp	20.4%-1.2pp	21.6%+1.5pp	20.1%-0.7pp	20.8%+2.0pp	18.8%-1.2pp	20.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.5%-1.0pp	9.5%+2.5pp	7.1%-4.8pp	11.8%+5.5pp	6.3%-0.9pp	7.2%-0.0pp	7.2%+1.7pp	5.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	3.2%-0.5pp	3.6%+0.9pp	2.7%-1.7pp	4.4%+2.0pp	2.4%-0.5pp	2.9%+0.2pp	2.7%+0.6pp	2.1%
Current Ratio	1.02-0.0	1.03+0.0	0.98+0.1	0.930.0	0.940.0	0.94-0.1	1.010.0	1.02
Debt-to-Equity	-1.800.0	-1.80+0.3	-2.09+0.1	-2.18-0.3	-1.88+0.1	-2.02+0.2	-2.22+0.0	-2.24
FCF Margin	N/A	N/A	3.4%	N/A	N/A	N/A	5.7%	N/A

Frequently Asked Questions

What is Garrett Motion's annual revenue?

Garrett Motion (GTX) reported $3.5B in revenue for fiscal year 2024.

How fast is Garrett Motion's revenue growing?

Garrett Motion (GTX) revenue declined by 10.6% year-over-year, from $3.9B to $3.5B in fiscal year 2024.

Is Garrett Motion profitable?

Yes, Garrett Motion (GTX) reported a net income of $282.0M in fiscal year 2024, with a net profit margin of 8.1%.

What is Garrett Motion's earnings per share (EPS)?

Garrett Motion (GTX) reported diluted earnings per share of $1.26 for fiscal year 2024.

How much debt does Garrett Motion have?

As of fiscal year 2024, Garrett Motion (GTX) had $125.0M in cash and equivalents against $1.5B in long-term debt.

What is Garrett Motion's gross margin?

Garrett Motion (GTX) had a gross margin of 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Garrett Motion's net profit margin?

Garrett Motion (GTX) had a net profit margin of 8.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Garrett Motion pay dividends?

Yes, Garrett Motion (GTX) paid $0.06 per share in dividends during fiscal year 2024.

What is Garrett Motion's free cash flow?

Garrett Motion (GTX) generated $317.0M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is Garrett Motion's operating cash flow?

Garrett Motion (GTX) generated $408.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Garrett Motion's total assets?

Garrett Motion (GTX) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Garrett Motion's capital expenditures?

Garrett Motion (GTX) invested $91.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Garrett Motion buy back shares?

Yes, Garrett Motion (GTX) spent $296.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Garrett Motion have outstanding?

Garrett Motion (GTX) had 206M shares outstanding as of fiscal year 2024.

What is Garrett Motion's current ratio?

Garrett Motion (GTX) had a current ratio of 0.93 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Garrett Motion's debt-to-equity ratio?

Garrett Motion (GTX) had a debt-to-equity ratio of -2.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Garrett Motion's return on assets (ROA)?

Garrett Motion (GTX) had a return on assets of 12.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.