Short answer
Garrett Motion Inc. (GTX) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $3.6B (+3.1% year over year) and net income of $310M.
- Top risk flagged: Cybersecurity risk managed by Cyber Risk Governance Council including CDIO and CISO with 28+ years IT experience
FY2025 key financial metrics · XBRL
- Revenue
- $3.6B
- +3.1% YoY
- Net income
- $310M
- +9.9% YoY
- Gross margin
- 20.4%
- +0.1 pp YoY
- EPS (diluted)
- $1.52
- +20.6% YoY
- ROE
- -38.7%
- +3.2 pp YoY
- Operating cash flow
- $413M
- +1.2% YoY
Source: XBRL data from the Garrett Motion Inc. (GTX) FY2025 10-K on SEC EDGAR. USD.
Garrett Motion Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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