Garrett Motion Inc.
- Open
- 31.45
- Day high
- 31.79
- Day low
- 31.15
- Prev close
- 31.87
- Volume
- 433K
- Mkt cap
- $5.9B
- P/E (TTM)
- 17.8
- EPS (TTM)
- $1.76
- P/B
- -7.5
- P/S
- 1.6
- Yield
- 0.96%
- Per share
- $0.30
- ▼Insiders net selling -$6.9M over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
Garrett Motion Inc. (GTX) is a Consumer Cyclical company listed on NASDAQ. The stock is up 170% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4).
Garrett Motion Inc. (GTX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GTX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.42 | $0.49 | +16.7% | $985M | +7.9% |
| Feb 19, 2026 | $0.35 | $0.42 | +20.0% | $891M | -1.4% |
| Oct 23, 2025 | $0.33 | $0.38 | +15.2% | $902M | +3.1% |
| Jul 24, 2025 | $0.37 | $0.42 | +13.5% | $913M | +5.6% |
| May 1, 2025 | $0.29 | $0.30 | +3.4% | $878M | +0.2% |
| Feb 20, 2025 | $0.26 | $0.47 | +80.8% | $844M | -3.5% |
| Oct 24, 2024 | $0.30 | $0.24 | -20.0% | $826M | -5.8% |
| Jul 25, 2024 | $0.27 | $0.28 | +3.7% | $890M | -95.0% |
| Apr 25, 2024 | $0.25 | $0.28 | +12.0% | $915M | -4.1% |
| Feb 15, 2024 | $0.22 | $0.22 | +0.0% | $945M | -0.1% |
| Jul 27, 2023 | $0.23 | $-1.88 | -917.4% | $1.0B | +0.0% |
| Feb 14, 2023 | $0.26 | $0.23 | -11.5% | $898M | +0.2% |
GTX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | NINIVAGGI DANIEL Adirector | Grant | 1,042 | — |
| Jul 6, 2026 | Drees Joachimdirector | Grant | 1,023 | — |
| Jul 6, 2026 | Camuti Paul Adirector | Grant | 512 | — |
| Jun 26, 2026 | Rodrigues Mark Albertofficer: SVP, GM GBEs Turbo Tech | Sell | 6,140 | $33.30 |
| Jun 16, 2026 | Rodrigues Mark Albertofficer: SVP, GM GBEs Turbo Tech | Sell | 10,516 | $33.82 |
| Jun 9, 2026 | Vanneste Jeffrey H.director | Grant | 4,505 | — |
| Jun 8, 2026 | Deason Seanofficer: SVP & Chief Financial Officer | Sell | 110,000 | $31.93 |
| Jun 1, 2026 | Steyn Juliadirector | Grant | 4,505 | — |
| Jun 1, 2026 | Drees Joachimdirector | Grant | 4,505 | — |
| Jun 1, 2026 | Camuti Paul Adirector | Grant | 4,505 | — |
| Jun 1, 2026 | NINIVAGGI DANIEL Adirector | Grant | 4,505 | — |
| Jun 1, 2026 | Norman Daundirector | Grant | 4,505 | — |
| Jun 1, 2026 | Mabru Thierryofficer: SVP, Integrated Supply Chain | Sell | 70,000 | $33.00 |
| May 26, 2026 | Drees Joachimdirector | Tax | 4,026 | $33.29 |
| May 15, 2026 | NINIVAGGI DANIEL Adirector | Sell | 17,178 | $31.22 |
Source: GTX SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full GTX insider & 13F page →Garrett Motion Inc. company profile
Overview
Garrett Motion Inc. (NYSE:GTX) is a Swiss-headquartered automotive technology company that emerged as an independent entity in 2018 following its spin-off from Honeywell International. The company designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle manufacturers worldwide. Founded with deep roots in turbocharging technology dating back decades through its predecessor organizations, Garrett has established itself as a leading supplier to global automotive original equipment manufacturers (OEMs) while simultaneously investing heavily in next-generation zero-emission vehicle technologies. The company operates manufacturing facilities across multiple continents and serves both original equipment and aftermarket customers through a global distribution network.
Business
Garrett Motion operates in the automotive components industry, specifically focusing on forced induction systems and emerging electrification technologies. The company's core business revolves around turbochargers, which are mechanical devices that compress air entering an engine to increase power output and fuel efficiency. Turbochargers use exhaust gases to spin a turbine that drives a compressor, forcing more air into the engine's combustion chambers than would naturally occur through atmospheric pressure alone. The company's business is organized around several key product segments. Gasoline turbochargers represent approximately 44% of total sales and serve light vehicle applications, experiencing growth particularly in North American markets. Diesel turbochargers account for roughly 25% of sales, primarily serving European and commercial vehicle markets, though this segment has faced headwinds due to declining diesel adoption in passenger cars. Commercial vehicle applications comprise about 17-18% of sales, including both on-highway trucks and off-highway industrial equipment. The aftermarket business represents 12-14% of sales, providing replacement parts and service components through distributor networks. Beyond traditional turbocharging, Garrett is investing heavily in zero-emission technologies, dedicating over 50% of its research and development spending to these emerging areas. This includes fuel cell compressors for hydrogen vehicles, electric motors for battery electric vehicles, E-cooling compressors for thermal management, and hybrid vehicle technologies. The company has set an ambitious target of generating $1 billion in annual revenue from non-turbo, zero-emission technologies by 2030.
Revenue model
Garrett Motion generates revenue primarily through product sales to automotive original equipment manufacturers (OEMs) and aftermarket distributors. The company operates on a business-to-business model, selling directly to major automotive manufacturers like Mercedes-Benz, Stellantis, Hyundai, BYD, Geely, and other global and regional vehicle producers. Revenue comes from both initial equipment sales for new vehicle production and replacement parts through the aftermarket channel. The company's profitability is influenced by several key factors. Volume dynamics play a crucial role, as automotive production levels directly impact demand for turbochargers. Geographic mix affects margins, with different regions offering varying profitability profiles. Product mix is particularly important, as more advanced turbocharger technologies and emerging zero-emission products typically command higher margins than basic applications. The company has demonstrated strong operational leverage, with adjusted EBITDA margins improving during periods of cost discipline and productivity gains. External factors that impact margins include raw material costs, particularly for metals and electronic components used in turbocharger manufacturing. Currency fluctuations affect the company significantly, as it operates globally with revenues and costs in multiple currencies. Regulatory changes around emissions standards can drive demand for more advanced turbocharging solutions, while shifts toward electric vehicles present both challenges and opportunities. Automotive industry cycles create volatility, as seen in recent softness in European and Chinese markets. The company's regional manufacturing strategy helps mitigate some tariff and trade risks by producing close to end markets.
Competitive moat
Garrett Motion possesses a moderate competitive moat built primarily on technological expertise, customer relationships, and scale advantages in turbocharger manufacturing. The company benefits from decades of accumulated engineering knowledge in forced induction systems, which creates barriers for new entrants lacking this specialized expertise. Long-term supplier relationships with major automotive OEMs provide some protection, as switching costs for manufacturers can be significant due to the integration required between turbochargers and engine systems. However, the moat faces several challenges. The automotive industry's transition toward electrification threatens the core turbocharger business over the long term, though this shift is occurring more gradually than initially anticipated and hybrid vehicles may actually increase turbo content. Competitive pressure comes from established players like BorgWarner, Mitsubishi Heavy Industries, and IHI Corporation, as well as emerging Chinese suppliers who may offer lower-cost alternatives. The company's customers (automotive OEMs) have significant bargaining power and often pressure suppliers on pricing. Garrett's strategic response involves heavy investment in zero-emission technologies to diversify beyond traditional turbocharging. The company's success in winning early contracts for fuel cell compressors and electric motor applications suggests some technological differentiation, but these markets are still nascent and highly competitive. The strength of the moat will ultimately depend on Garrett's ability to successfully transition its engineering capabilities to new technologies while maintaining its position in the evolving turbocharger market, particularly in hybrid and industrial applications where growth opportunities remain.
Risks & safety
Garrett Motion presents significant financial risk due to high leverage and negative book value, though recent improvements in cash generation provide some stability. • Debt and Solvency: Total liabilities of $2.95 billion exceed total assets of $2.28 billion, resulting in negative shareholders' equity of approximately $700 million. Current ratio of 0.93 indicates potential short-term liquidity pressure, though the company maintains $125 million in cash and $725 million total liquidity. • Cash Flow: Positive development with $408 million operating cash flow and $317 million free cash flow in 2024, demonstrating the business can generate cash despite balance sheet challenges. However, quarterly free cash flow has been volatile, ranging from $30-109 million. • Valuation Metrics: Trading at 5.8x EV/EBITDA and 7.1x P/E ratio appears reasonable, though negative book value makes traditional value metrics less meaningful. The company has been aggressively repurchasing shares, reducing share count by 13% in 2024. • Other Considerations: High financial leverage creates vulnerability to automotive cycle downturns. The company's aggressive capital allocation toward share buybacks rather than debt reduction may be concerning given the leverage profile.
Recent development
Over the past few years, Garrett Motion has pursued a dual strategy of maintaining leadership in traditional turbocharging while aggressively investing in zero-emission vehicle technologies. The company has dedicated over 50% of its R&D spending to zero-emission technologies, recruiting more than 150 engineers specializing in electrification and setting a target of $1 billion in annual revenue from non-turbo technologies by 2030. Key strategic developments include securing early production contracts in emerging markets, such as fuel cell compressor awards that generated $20 million in revenue in 2024, and winning the first series production award from Hyundai for high-speed E-motor technology. The company has expanded its presence in large industrial turbos, particularly for data center infrastructure applications, and secured three new wins for range-extended electric vehicles. Garrett has also pursued aggressive capital allocation, repurchasing $296 million of common stock in 2024 and reducing its share count by 13%. The company refinanced its debt structure by issuing $800 million in senior unsecured notes and repaying higher-cost term loans. Geographic expansion has focused on strengthening its position in China, working with both traditional manufacturers and new electric vehicle brands like BYD and Geely. Recent operational initiatives include showcasing new turbo and hybrid technologies at major auto shows, receiving recognition from Stellantis for innovation in electric vehicle capabilities, and signing strategic partnerships like the letter of intent with SinoTruk for electric powertrain development. The company has maintained its business win rate above 50% in turbochargers while simultaneously building capabilities in fuel cell compressors, electric motors, and thermal management systems.
GTX company profile · for informational purposes only — not investment advice.
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