MTOR on NYSE

Meritor

American truck parts manufacturer

Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$3.8BRevenue, fiscal 20214
$199.0MNet income, fiscal 20214
1997Founded1

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  • TickerMTOR on NYSE1
  • IndustryMotor Vehicle Parts & Accessories1
  • HeadquartersTroy1
  • Websitewww.meritor.com
  • Incorporated inIN5
  • Business address2135 W Maple Road, Troy, Mi 480845
  • Filer categoryLarge accelerated filer5

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Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

13.2%Gross margin4
5.7%Operating margin4
5.2%Net margin4
25.9%Revenue growth, 20214
34.7%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue84¢$3.3B
  • Research and development2¢$76.0M
  • Selling, general and admin7¢$270.0M
  • Interest2¢$81.0M
  • Income tax1¢$24.0M
  • Profit5¢$199.0M

Out of $3.8B in revenue.4

Where each dollar of operating cash went, fiscal 2021

  • Share buybacks30¢$59.0M
  • Kept or used elsewhere70¢$138.0M

Out of $197.0M of cash from operations.4

Financial statements

Revenue789104$3.8B in 2021+9% since 2015
0$2.0B$4.0B$6.0B2015: $3.5B$3.5B20152016: $3.2B$3.2B2016−9%2017: $3.3B$3.3B2017+5%2018: $4.2B$4.2B2018+25%2019: $4.4B$4.4B2019+5%2020: $3.0B$3.0B2020−31%2021: $3.8B$3.8B2021+26%
Gross profit789104$505.0M in 2021+9% since 2015
0$200.0M$400.0M$600.0M$800.0M2015: $462.0M$462.0M20152016: $436.0M$436.0M2016−6%2017: $497.0M$497.0M2017+14%2018: $625.0M$625.0M2018+26%2019: $640.0M$640.0M2019+2%2020: $328.0M$328.0M2020−49%2021: $505.0M$505.0M2021+54%
Operating income789104$218.0M in 2021+70% since 2015
0$100.0M$200.0M$300.0M$400.0M2015: $128.0M$128.0M20152016: $204.0M$204.0M2016+59%2017: $218.0M$218.0M2017+7%2018: $292.0M$292.0M2018+34%2019: $363.0M$363.0M2019+24%2020: $332.0M$332.0M2020−9%2021: $218.0M$218.0M2021−34%
Net income789104$199.0M in 2021+211% since 2015
0$200.0M$400.0M$600.0M2015: $64.0M$64.0M20152016: $573.0M$573.0M2016+795%2017: $324.0M$324.0M2017−43%2018: $117.0M$117.0M2018−64%2019: $291.0M$291.0M2019+149%2020: $245.0M$245.0M2020−16%2021: $199.0M$199.0M2021−19%
Fiscal year20142015201620172018201920202021
Revenue$3.5B7$3.2B8$3.3B9$4.2B10$4.4B4$3.0B4$3.8B4
Cost of revenue$3.0B7$2.8B8$2.9B9$3.6B10$3.7B4$2.7B4$3.3B4
Gross profit$462.0M7$436.0M8$497.0M9$625.0M10$640.0M4$328.0M4$505.0M4
Research and development$69.0M7$68.0M8$69.0M9$73.0M10$75.0M4$74.0M4$76.0M4
Selling, general and admin$243.0M7$213.0M8$266.0M9$313.0M10$256.0M4$221.0M4$270.0M4
Operating income$128.0M7$204.0M8$218.0M9$292.0M10$363.0M4$332.0M4$218.0M4
Interest$114.0M7$87.0M8$122.0M9$70.0M10$61.0M4$70.0M4$81.0M4
Income tax$1.0M7-$424.0M8$52.0M9$149.0M10$82.0M4$78.0M4$24.0M4
Net income$64.0M7$573.0M8$324.0M9$117.0M10$291.0M4$245.0M4$199.0M4
Earnings per share$0.667$6.368$3.689$1.3410$3.504$3.314$2.784
Earnings per share (diluted)$0.647$6.238$3.599$1.2810$3.374$3.244$2.734

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Products and brands

The business of Meritor consists of axles, brake and safety systems, drivelines, suspensions, trailers, and aftermarket products for defense industries and commercial vehicles including truck, trailer, bus/coach, and off-highway. Meritor engineers a diverse range of products for OEMs, including Daimler, Navistar, and Volvo.

North America

Employing more than 4700 people, the business facilities in North America contain various distribution locations in Canada, multiple production plants in Mexico, and facilities of administration, production, distribution, sales, and technical centers in the United States.

South America

The Meritor business in South America, which was established in Brazil, employed more than 1700 employees as of 2013. There are four manufacturing facilities, one distribution center, two engineering centers, three administrative offices, and one sales office.

Europe

Also as of 2013, Meritor has administrative offices distributed in France, Netherlands, Russia, Switzerland, Turkey, and United Kingdom, and production facilities in Italy, Sweden, Belgium, United Kingdom, as well as France, and one sales location in Spain.

Read the full text

Asia Pacific

Meritor builds products in Australia and Singapore, as has development joint ventures, distribution centers, and sales locations in China and India. In 2013, the company employed nearly 1800 employees in Asia Pacific region and had been present in the region for close to 30 years.

From Wikipedia’s article on Meritor, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

  • Meritor (Brazil)
  • Meritor (United Kingdom)

Also owns

  • AxleTech since 2019

From Wikidata.1

Acquisitions

  1. 2019Acquired AxleTech1

Former names

  • MERITOR INCMar 28, 2011 to Jul 9, 20195
  • ARVINMERITOR INCJul 17, 2000 to Mar 10, 20115
  • MU SUB INCMay 5, 2000 to May 5, 20005

Timeline

  1. 2022Dissolved Dissolved1
  2. 2019Acquisition Acquired AxleTech1
  3. 1997Founded Founded1

Recent filings

  1. Aug 5, 20224
  2. Aug 5, 20224
  3. Aug 5, 20224
  4. Aug 5, 20224
  5. Aug 5, 20224
  6. Aug 5, 20224
  7. Aug 5, 20224
  8. Aug 5, 20224
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  10. Aug 5, 20224
  11. Aug 5, 20224
  12. Aug 5, 20224
  13. Aug 5, 20224
  14. Aug 5, 20224
  15. Aug 5, 20224

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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