Garrett Motion Inc. (GTX) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Industrials
Motor Vehicle Parts & AccessoriesSEC EDGAR

Garrett Motion Inc. (GTX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Garrett Motion Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Designs and manufactures advanced turbocharging, air/fluid compression, and high-speed electric motor tech for OEMs and aftermarket in mobility and industrial sectors
  • New product emphasis: Launched Garrett MEG large turbochargers for marine and industrial (backup power/data centers); third-gen fuel cell compressors introduced in 2024
  • Strategic shift: Increased focus on zero-emission vehicle tech with ~50% RD&E spend on E-Powertrain, E-Cooling compressors, and fuel cell solutions in 2025
  • Quantitative metric: RD&E spend $151M in 2025 with 1,330 engineers globally; aftermarket network expanded to 370+ distributors across 165 countries
  • Noteworthy fact: Largest customer Stellantis grew from 9% to 12% of net sales in 2025; turbocharger global production rose to ~50 million units in 2025, then expected to decline

Management Discussion & Analysis

  • Revenue $3,584M, up 3.1% YoY (+$109M), driven by gasoline (+$87M) and commercial vehicles (+$25M); aftermarket down $21M
  • Gross profit margin steady at 20.4% vs 20.3% in 2024; gross profit up $26M to $731M
  • Best segment: Gasoline sales $1,592M (+6% YoY); Worst segment: Aftermarket $438M (-5% YoY)
  • Operating cash flow $413M (+$5M YoY); capital expenditures $41M; dividends paid $52M; stock repurchases $208M
  • 2026 outlook: higher capex for zero-emission tech; expect to repay $7M term loans; continued quarterly dividends; BEV growth risks noted

Risk Factors

  • Cybersecurity risk managed by Cyber Risk Governance Council including CDIO and CISO with 28+ years IT experience
  • Audit Committee and Board receive semi-annual cybersecurity reports on external threat environment and mitigation efforts
  • Board oversees enterprise risk management including cybersecurity through delegated Audit Committee
  • Timely communication to Board on information security incidents posing significant company risk

Garrett Motion Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$3.6B

+3.1% YoY

Net Income

$310M

+9.9% YoY

Gross Margin

20.4%

+11bp YoY

Net Margin

8.6%

+53bp YoY

ROE

-38.7%

+325bp YoY

Total Assets

$2.4B

+4.0% YoY

EPS (Diluted)

$1.52

+20.6% YoY

Operating Cash Flow

$413M

+1.2% YoY

Source: XBRL data from Garrett Motion Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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