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Garrett Motion Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue80¢$2.9B
- Selling, general and admin7¢$240.0M
- Other costs3¢$99.0M
- Income tax2¢$82.0M
- Profit9¢$310.0M
Out of $3.6B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending17¢$72.0M
- Dividends paid13¢$52.0M
- Share buybacks50¢$208.0M
- Kept or used elsewhere20¢$81.0M
Out of $413.0M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales (Note 3) | $3.6B | $3.5B | $3.9B |
| Cost of goods sold | $2.9B | $2.8B | $3.1B |
| Gross profit | $731.0M | $705.0M | $756.0M |
| Selling, general and administrative expenses | $240.0M | $240.0M | $247.0M |
| Other expense, net (Note 4) | $10.0M | $6.0M | $5.0M |
| Interest expense | $108.0M | $156.0M | $159.0M |
| Gain on sale of equity investment (Note 26) | $0 | -$27.0M | $0 |
| Non-operating income, net (Note 5) | -$19.0M | -$13.0M | -$2.0M |
| Income before taxes | $392.0M | $343.0M | $347.0M |
| Tax expense (Note 6) | $82.0M | $61.0M | $86.0M |
| Net income | $310.0M | $282.0M | $261.0M |
| Less: preferred stock dividends (Note 19) | $0 | $0 | -$80.0M |
| Less: preferred stock deemed dividends (Note 19) | $0 | $0 | -$232.0M |
| Net income (loss) available for distribution | $310.0M | $282.0M | -$51.0M |
| Earnings (loss) per share, basic (in USD per share) | $1.55 | $1.27 | -$0.31 |
| Earnings (Loss) per share, diluted (in USD per share) | $1.52 | $1.26 | -$0.31 |
| Weighted average common shares outstanding, basic (in shares) | 199.8M shares | 222.3M shares | 166.6M shares |
| Weighted average common shares outstanding, diluted (in shares) | 203.6M shares | 224.1M shares | 166.6M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $177.0M | $125.0M | |
| Restricted cash (Note 2) | $2.0M | $1.0M | |
| Accounts, notes and other receivables, net (Note 7) | $703.0M | $687.0M | |
| Inventories, net (Note 9) | $339.0M | $286.0M | |
| Other current assets (Note 10) | $98.0M | $94.0M | |
| Total current assets | $1.3B | $1.2B | |
| Investments and long-term receivables | $11.0M | $10.0M | |
| Property, plant and equipment, net (Note 12) | $462.0M | $449.0M | |
| Goodwill (Note 13) | $193.0M | $193.0M | |
| Deferred income taxes (Note 6) | $210.0M | $207.0M | |
| Other assets (Note 11) | $172.0M | $224.0M | |
| Total assets | $2.4B | $2.3B | |
| Accounts payable | $1.1B | $972.0M | |
| Current maturities of long-term debt (Note 15) | $7.0M | $7.0M | |
| Accrued liabilities (Note 14) | $295.0M | $299.0M | |
| Total current liabilities | $1.4B | $1.3B | |
| Long-term debt (Note 15) | $1.4B | $1.5B | |
| Deferred income taxes (Note 6) | $32.0M | $25.0M | |
| Other liabilities (Note 18) | $363.0M | $182.0M | |
| Total liabilities | $3.2B | $2.9B | |
| Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 242,549,685 and 240,987,329 issued and 190,556,297 and 206,387,938 outstanding as of December 31, 2025 and 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $1.2B | $1.2B | |
| Retained deficit | -$1.4B | -$1.7B | |
| Accumulated other comprehensive (loss) income (Note 20) | -$138.0M | $73.0M | |
| Treasury Stock, at cost; 51,993,388 and 34,599,391 shares as of December 31, 2025 and 2024, respectively (Note 19) | -$520.0M | -$306.0M | |
| Total deficit | -$802.0M | -$673.0M | -$735.0M |
| Total liabilities and deficit | $2.4B | $2.3B | |
| Common stock, par value (in USD per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 1.0B shares | 1.0B shares | |
| Common stock, shares, issued (in shares) | 242.5M shares | 241.0M shares | |
| Common stock, shares, outstanding (in shares) | 190.6M shares | 206.4M shares | |
| Treasury stock, common (in shares) | 52.0M shares | 34.6M shares |
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $310.0M | $282.0M | $261.0M |
| Deferred income taxes | $9.0M | $7.0M | $24.0M |
| Depreciation | $99.0M | $90.0M | $90.0M |
| Amortization of deferred debt issuance costs | $7.0M | $37.0M | $20.0M |
| Loss on remeasurement of forward purchase contract | $0 | $0 | $13.0M |
| Gain on sale of equity investment (Note 26) | $0 | -$27.0M | $0 |
| Foreign exchange (gain) loss | -$66.0M | $27.0M | -$15.0M |
| Stock compensation expense | $27.0M | $23.0M | $14.0M |
| Pension expense | -$8.0M | -$6.0M | -$1.0M |
| Unrealized loss (gain) on derivatives | $73.0M | -$2.0M | $51.0M |
| Other | $10.0M | -$6.0M | $7.0M |
| Accounts, notes and other receivables | $22.0M | $89.0M | $1.0M |
| Inventories | -$35.0M | -$48.0M | $12.0M |
| Other assets | -$18.0M | -$25.0M | -$2.0M |
| Accounts payable | $8.0M | -$52.0M | $8.0M |
| Accrued liabilities | -$46.0M | $26.0M | -$8.0M |
| Other liabilities | $21.0M | -$7.0M | -$10.0M |
| Net cash provided by operating activities | $413.0M | $408.0M | $465.0M |
| Expenditures for property, plant and equipment | -$72.0M | -$91.0M | -$83.0M |
| Proceeds from cross-currency swap contracts | $28.0M | $31.0M | $28.0M |
| Proceeds from sale of equity investment | $3.0M | $46.0M | $0 |
| Net cash used for investing activities | -$41.0M | -$14.0M | -$55.0M |
| Proceeds from issuance of long-term debt, net of deferred financing costs | $80.0M | $794.0M | $667.0M |
| Proceeds from revolving credit facilities | $70.0M | $0 | $0 |
| Payments of long-term debt | -$139.0M | -$992.0M | -$207.0M |
| Payments of revolving credit facilities | -$70.0M | $0 | $0 |
| Payments for dividends | -$52.0M | $0 | -$42.0M |
| Repurchases of Series A Preferred Stock | $0 | $0 | -$580.0M |
| Repurchases of Common Stock | -$208.0M | -$296.0M | -$213.0M |
| Excise tax on Common Stock repurchase | -$3.0M | -$8.0M | $0 |
| Payments of Additional Amounts for conversion of Series A Preferred Stock | $0 | $0 | -$25.0M |
| Payments for debt and revolving facility financing costs | -$2.0M | -$8.0M | -$2.0M |
| Other | -$2.0M | -$10.0M | -$1.0M |
| Net cash used for financing activities | -$326.0M | -$520.0M | -$403.0M |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | $7.0M | -$8.0M | $5.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $53.0M | -$134.0M | $12.0M |
| Income taxes paid (net of refunds and credits) | $62.0M | $64.0M | $60.0M |
| Interest paid | $95.0M | $88.0M | $89.0M |
| Dividends declared, not paid | $0 | $13.0M | $0 |
Former names
- Garrett Transportation Systems Inc.May 1, 2018 to Jun 8, 20182
Recent filings
- Oct 5, 20264
- Oct 5, 20264
- Oct 5, 20264
- Sep 15, 20264
- Sep 11, 2026144
- Sep 3, 20264
- Sep 2, 2026144
- Sep 1, 2026144
- Aug 6, 2026SCHEDULE 13G
- Aug 6, 20264
- Jul 31, 20263
- Jul 29, 20268-K
- Jul 29, 202610-Q
- Jul 27, 20268-K CURRENT REPORT
- Jul 6, 20264 OWNERSHIP DOCUMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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