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Held by 780 of 6,047 reporting institutions (98th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 27 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MGA | $17.7B | 22.5× | 5.5× | 0.4× | -1.9% | 14.3% | 2.0% | 6.6% | 4.8% | 0.8× | 437 |
| BWA | $11.8B | 45.4× | 12.5× | 0.8× | 1.6% | 18.7% | 1.9% | 5.1% | 3.0% | 3.1× | 780 |
| APTV | $9.3B | 59.8× | 7.7× | 0.5× | 3.5% | 19.1% | 0.8% | 1.8% | 1.0% | 3.0× | 638 |
| ALSN | $9.2B | 15.3× | 10.7× | 3.1× | -6.7% | 48.6% | 20.7% | 33.4% | 13.1% | 1.4× | 543 |
| ALV | $8.4B | 12.2× | 6.6× | 0.8× | 4.1% | 19.2% | 6.8% | 28.6% | 15.6% | 1.0× | 395 |
| MOD | $7.9B | 65.9× | 19.5× | 2.5× | 23.1% | 23.0% | 3.8% | 10.2% | 7.7% | 0.8× | 607 |
| LEA | $5.9B | 14.7× | 5.5× | 0.3× | -0.2% | 6.5% | 1.9% | 8.7% | 5.6% | 1.2× | 497 |
| GTX | $4.6B | 16.1× | 12.3× | 1.3× | 3.1% | 20.4% | 8.6% | -38.7% | 50.3% | 2.6× | 437 |
| GNTX | $4.4B | 12.1× | 7.4× | 1.8× | 9.6% | 34.2% | 15.2% | 15.5% | 15.4% | -0.3× | 505 |
| DORM | $3.7B | 18.7× | — | 1.7× | 6.0% | 42.1% | 9.6% | 13.8% | 10.7% | — | 310 |
| ATMU | $3.6B | 17.8× | 12.0× | 2.0× | 5.7% | 28.2% | 11.8% | 54.8% | 21.9% | 1.0× | 317 |
| DAN | $3.1B | 45.3× | 6.7× | 0.4× | -3.0% | 8.0% | 1.1% | 10.1% | 5.8% | 0.3× | 328 |
| VC | $2.3B | 12.0× | — | 0.6× | -2.5% | 14.1% | 5.3% | 12.8% | 10.8% | — | 311 |
| PATK | $2.2B | 17.4× | 7.7× | 0.6× | 6.3% | 23.1% | 3.4% | 11.4% | 5.5% | 2.8× | 318 |
| PHIN | $2.1B | 17.9× | 6.7× | 0.6× | 2.4% | 21.9% | 3.7% | 8.2% | 5.1% | 1.5× | 378 |
| LCII | $2.0B | 11.1× | 6.9× | 0.5× | 10.2% | 23.8% | 4.6% | 13.8% | 8.2% | 1.8× | 346 |
| THRM | $1.6B | 49.2× | 12.5× | 1.1× | 2.9% | 24.2% | 1.2% | 2.5% | 2.0% | 0.2× | 248 |
| ADNT | $1.4B | — | — | 0.1× | -1.0% | 6.6% | -1.9% | -15.9% | -6.8% | — | 305 |
| DCH | $1.2B | — | 7.9× | 0.2× | -4.7% | 12.1% | -0.3% | -3.1% | -0.4% | 5.9× | — |
| SMP | $825M | 20.1× | 7.6× | 0.5× | 22.4% | 31.2% | 2.3% | 6.0% | 3.2% | 3.0× | 183 |
| CPS | $370M | — | 1.4× | 0.1× | 0.4% | 11.9% | -0.2% | 5.0% | -158% | -0.6× | 134 |
| HLLY | $302M | 15.6× | 8.5× | 0.5× | 1.9% | 43.4% | 3.1% | 4.3% | 2.0% | 5.3× | 131 |
| STRT | $241M | 12.1× | 3.2× | 0.4× | 2.5% | 16.5% | 3.6% | 8.6% | 8.6% | -2.6× | 120 |
| MPAA | $195M | 16.6× | 2.4× | 0.3× | 4.3% | 20.2% | 1.6% | 4.7% | 4.7% | -0.2× | 107 |
| RLEA | $185M | 64.3× | — | 37.7× | -29.2% | 16.2% | 58.5% | 998% | 998% | — | — |
Peers = companies sharing BWA's sector (Motor Vehicle Parts & Accessories) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $119.0M dividends + $508.0M buybacks = $627.0M returned.
1 consecutive years of dividend increases · 1%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-16
Where each multiple sits in its own 14-yr range · 86th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 5% against ROIC 3% — 2% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 78.8 | 79.3 | 81.2 | 81.6 | 81.3 | 81.9 | 81.2 | 81.3 |
| Gross Profit | 21.2 | 20.7 | 18.8 | 18.4 | 18.7 | 18.1 | 18.8 | 18.7 |
| R&D | 4.2 | 4.1 | 4.7 | 5.0 | 5.5 | 5.1 | 5.2 | 5.0 |
| SG&A | 9.0 | 8.6 | 9.4 | 9.2 | 10.2 | 9.3 | 9.6 | 9.1 |
| Operating Income | 11.3 | 12.8 | 6.1 | 7.7 | 8.0 | 8.2 | 3.9 | 3.7 |
| Income Tax | 2.0 | 4.6 | 3.9 | 0.6 | 1.5 | 2.0 | 0.8 | 1.3 |
| Net Income | 8.8 | 7.3 | 4.9 | 4.5 | 7.5 | 4.4 | 2.4 | 1.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BWA: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
$5.0M of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~2.5% on $3.90B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-16
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.32B 100.0% | $14.09B 100.0% | $14.20B 100.0% | $12.63B 100.0% | $11.80B 100.0% | $10.16B 100.0% | $10.17B 100.0% | $10.53B 100.0% | $9.80B 100.0% | $9.07B 100.0% |
| Cost of Revenue | $11.64B 81.3% | $11.44B 81.2% | $11.63B 81.9% | $10.27B 81.3% | $9.63B 81.6% | $8.26B 81.2% | $8.07B 79.3% | $8.30B 78.8% | $7.68B 78.4% | $7.14B 78.7% |
| Cost of Products | — | — | — | — | — | — | — | — | $7.68B 78.4% | $7.14B 78.7% |
| Gross Profit | $2.67B 18.7% | $2.65B 18.8% | $2.57B 18.1% | $2.37B 18.7% | $2.17B 18.4% | $1.91B 18.8% | $2.10B 20.7% | $2.23B 21.2% | $2.12B 21.6% | $1.93B 21.3% |
| Research & Development | $710.0M 5.0% | $736.0M 5.2% | $717.0M 5.1% | $701.0M 5.5% | $586.0M 5.0% | $476.0M 4.7% | $413.0M 4.1% | $440.0M 4.2% | $408.0M 4.2% | $343.2M 3.8% |
| Selling, General & Admin | $1.30B 9.1% | $1.35B 9.6% | $1.32B 9.3% | $1.29B 10.2% | $1.08B 9.2% | $951.0M 9.4% | $873.0M 8.6% | $946.0M 9.0% | $899.0M 9.2% | $818.0M 9.0% |
| Operating Income | $536.0M 3.7% | $546.0M 3.9% | $1.16B 8.2% | $1.01B 8.0% | $914.0M 7.7% | $618.0M 6.1% | $1.30B 12.8% | $1.19B 11.3% | $1.07B 10.9% | $973.2M 10.7% |
| Interest Expense | $99.0M 0.7% | $84.0M 0.6% | $73.0M 0.5% | $71.0M 0.6% | $82.0M 0.7% | $73.0M 0.7% | $55.0M 0.5% | $59.0M 0.6% | $71.0M 0.7% | $84.6M 0.9% |
| Interest & Investment Income | $60.0M 0.4% | $54.0M 0.4% | $35.0M 0.2% | $20.0M 0.2% | $11.0M 0.1% | $12.0M 0.1% | $12.0M 0.1% | $6.0M 0.1% | $6.0M 0.1% | $6.3M 0.1% |
| Other Income (Expense), net | — | — | — | — | — | $0 0.0% | $0 0.0% | $4.0M 0.0% | $2.0M 0.0% | $0 0.0% |
| Pretax Income | $524.0M 3.7% | $539.0M 3.8% | $991.0M 7.0% | $913.0M 7.2% | $510.0M 4.3% | $964.0M 9.5% | $1.26B 12.4% | $1.20B 11.4% | $1.06B 10.8% | $942.7M 10.4% |
| Income Tax Expense | $189.0M 1.3% | $111.0M 0.8% | $289.0M 2.0% | $195.0M 1.5% | $65.0M 0.6% | $397.0M 3.9% | $468.0M 4.6% | $211.0M 2.0% | $580.0M 5.9% | $306.0M 3.4% |
| Net Income | $277.0M 1.9% | $338.0M 2.4% | $625.0M 4.4% | $944.0M 7.5% | $537.0M 4.5% | $500.0M 4.9% | $746.0M 7.3% | $931.0M 8.8% | $440.0M 4.5% | $595.0M 6.6% |
| Per Share | ||||||||||
| EPS (Basic) | $1.29 | $1.51 | $2.68 | $4.01 | $2.25 | $2.35 | $3.63 | $4.47 | $2.09 | $2.78 |
| EPS (Diluted) | $1.28 | $1.50 | $2.67 | $3.99 | $2.24 | $2.34 | $3.61 | $4.44 | $2.08 | $2.76 |
| Weighted Avg Shares (Basic) | 214.2M | 223.5M | 232.8M | 235.5M | 238.1M | 213.0M | 205.7M | 208.2M | 210.4M | 214.4M |
| Weighted Avg Shares (Diluted) | 216.4M | 224.8M | 234.4M | 236.8M | 239.5M | 214.0M | 206.8M | 209.5M | 211.5M | 215.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Earns -4.06pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 15.8% | 8.0% (today's — no rate published for this year) | 7.9pts |
| FY2020 | 4.9% | 8.0% (today's — no rate published for this year) | -3.1pts |
| FY2021 | 6.7% | 6.2% | 0.5pts |
| FY2022 | 6.3% | 7.8% | -1.5pts |
| FY2023 | 8.5% | 7.7% | 0.8pts |
| FY2024 | 4.0% | 7.6% | -3.7pts |
| FY2025 | 4.0% | 7.2% | -3.2pts |
| Now | 3.0% | 8.0% | -5.0pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 21.3% | 10.7% | 6.6% |
| FY2017 | 21.6% | 10.9% | 4.5% |
| FY2018 | 21.2% | 11.3% | 8.8% |
| FY2019 | 20.7% | 12.8% | 7.3% |
| FY2020 | 18.8% | 6.1% | 4.9% |
| FY2021 | 18.4% | 7.7% | 4.5% |
| FY2022 | 18.7% | 8.0% | 7.5% |
| FY2023 | 18.1% | 8.2% | 4.4% |
| FY2024 | 18.8% | 3.9% | 2.4% |
| FY2025 | 18.7% | 3.7% | 1.9% |
Leverage and buybacks account for 2 points of the 5% return on equity in FY2025. The business earns 3% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
$2.0B of goodwill — 21% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
ROIC ex-goodwill is 4.96% against 3.92% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.17x of reported profit into free cash flow over 4 years, with accruals negative.
Only 4 profitable years available, so the average is shorter than the five the threshold assumes.
Covers interest 3.8x under stress — adequate, without much room.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 5.41x |
| 5% | 5.14x |
| 10% | 4.87x |
| 15% | 4.60x |
| 20% | 4.33x |
| 25% | 4.06x |
| 30% | 3.79x |
| 35% | 3.52x |
| 40% | 3.25x |
| 45% | 2.98x |
| 50% | 2.71x |
| 55% | 2.44x |
| 60% | 2.17x |
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025. No cash figure on the matching balance sheet, so no coverage line is drawn.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Coverage is comfortable at 5.4x today but falls to 3.8x after a 30% EBITDA decline — the cushion is earnings, not liquidity.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -0.0% | not reported | not reported |
| FY2021 | 16.1% | not reported | not reported |
| FY2022 | 7.0% | not reported | not reported |
| FY2023 | 12.4% | not reported | not reported |
| FY2024 | -0.8% | not reported | not reported |
| FY2025 | 1.6% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -2.7 percent |
| FY2020 | -4.3 percent |
| FY2021 | -4.6 percent |
| FY2022 | -3.7 percent |
| FY2023 | not reported |
| FY2024 | not reported |
| FY2025 | not reported |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.