OverviewSuggest Edit

Garrett (Garrett Motion) is a manufacturer of turbocharger, electric-boosting, and connected vehicle technologies. It offers gasoline and diesel turbochargers, turbo speed sensors, fleet early warning systems, two-stage electric compressors for fuel cell electric vehicles, etc. The company caters to the automotive sector.

TypePublic
Founded2018
HQRolle, CH
Websitegarrettmotion.com

Latest Updates

Employees (est.) (Dec 2019)6,200(+4%)
Job Openings1
Revenue (FY, 2019)$3.2 B(-3%)
Share Price (Jan 2021)$6.2 (-1%)
Cybersecurity ratingBMore

Key People/Management at Garrett

Olivier Rabiller

Olivier Rabiller

Director, President & Chief Executive Officer
Daniel Deiro

Daniel Deiro

Senior Vice President, Global Customer Management, and General Manager Japan/Korea
Carlos Cardoso

Carlos Cardoso

Chairman of the Board
Maura Clark

Maura Clark

Director
Courtney Enghauser

Courtney Enghauser

Director
Jerome Stoll

Jerome Stoll

Director
Show more

Garrett Office Locations

Garrett has offices in Rolle, Atlanta, Indianapolis, Plymouth and in 23 other locations
Rolle, CH (HQ)
Z.A La Pièce 16
Chipping Norton, AU
Factory Unit 3 & 4/14 Alfred Rd
Guarulhos, BR
Av. Júlia Gaioli, 282 - Água Chata
Shanghai, CN
430 Li Bing Rd, Zhangjiang Hi-Tech Park
Shanghai, CN
8 Niudun Rd, Pudong Xinqu
Wuhan, CN
3# Fozuling 3Road East Lake Hi-Tech Development Zone
Show all (30)

Garrett Financials and Metrics

Garrett Revenue

Embed Graph
View revenue for all periods
Garrett's revenue was reported to be $3.25 b in FY, 2019 which is a 3.8% decrease from the previous period.
USD

Revenue (Q3, 2020)

804.0m

Gross profit (Q3, 2020)

152.0m

Gross profit margin (Q3, 2020), %

18.9%

Net income (Q3, 2020)

11.0m

Market capitalization (21-Jan-2021)

466.9m

Closing stock price (21-Jan-2021)

6.2

Cash (30-Sept-2020)

312.0m

EV

1.6b
Garrett's current market capitalization is $466.9 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.1b3.4b3.2b

Revenue growth, %

9%(4%)

Cost of goods sold

2.4b2.6b2.5b

Gross profit

735.0m776.0m711.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

915.0m877.0m784.0m835.0m802.0m781.0m745.0m477.0m804.0m

Cost of goods sold

704.0m662.0m606.0m639.0m620.0m609.0m603.0m393.0m652.0m

Gross profit

211.0m215.0m178.0m196.0m182.0m172.0m142.0m84.0m152.0m

Gross profit Margin, %

23%25%23%23%23%22%19%18%19%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

300.0m196.0m187.0m

Accounts Receivable

592.0m593.0m707.0m

Inventories

188.0m172.0m220.0m

Current Assets

2.1b1.2b1.2b
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

197.0m207.0m182.0m190.0m254.0m139.0m312.0m

Accounts Receivable

596.0m790.0m790.0m751.0m629.0m554.0m710.0m

Inventories

183.0m181.0m193.0m193.0m225.0m234.0m237.0m

Current Assets

1.2b1.2b1.2b1.2b1.2b1.0b1.4b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(983.0m)1.2b313.0m

Depreciation and Amortization

64.0m72.0m73.0m

Inventories

(46.0m)2.0m(60.0m)

Accounts Payable

88.0m63.0m87.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

58.0m208.0m1.1b73.0m139.0m177.0m52.0m43.0m54.0m

Depreciation and Amortization

18.0m36.0m53.0m19.0m35.0m55.0m19.0m37.0m60.0m

Inventories

4.0m6.0m(7.0m)(14.0m)(26.0m)(33.0m)(14.0m)(23.0m)(26.0m)

Accounts Payable

27.0m56.0m(6.0m)(24.0m)(14.0m)18.0m(29.0m)(231.0m)(126.0m)
USDFY, 2017

Financial Leverage

-1.4 x
Show all financial metrics

Garrett Operating Metrics

FY, 2018FY, 2019

Distributors

190 190

Patents and Patent Applications

1.40 k1.40 k

Vehicles Installed Base

100 m100 m

Product Applications Launched Annually

100 100
Show all operating metrics

Garrett Acquisitions / Subsidiaries

Company NameDateDeal Size
Garrett ASASCO Inc.
Garrett Motion France S.A.S.
Garrett Motion Industria Automotiva Brasil Ltda
Garrett Motion Japan, Inc.
Garrett Motion Korea Ltd.
Garrett Motion Romania S.r.l.
Garrett Motion Sarl
Garrett Motion Slovakia s.r.o.
Garrett Motion Technologies (India) Private Limited
Garrett Transportation I Inc.
Show more

Garrett Revenue Breakdown

Embed Graph

Garrett revenue breakdown by business segment: 34.0% from Gas, 19.0% from Comm Vehicle, 12.0% from Aftermarket, 33.0% from Diesel and 2.0% from Other

Garrett revenue breakdown by geographic segment: 15.0% from North America, 56.0% from Europe, 28.0% from Asia and 1.0% from Other

Garrett Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Garrett Online and Social Media Presence

Embed Graph

Garrett News and Updates

Garrett Leight, Eyewear Scion, on How He Built the GLCO Brand

How the son of Oliver Peoples cofounder Larry Leight is making a name for himself by seeing the world differently

FirstCash Adds Paula Garrett to the Board of Directors

FORT WORTH, Texas, Dec. 28, 2020 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS), the leading international operator of over 2,750 retail pawn stores in the U.S. and Latin America, today announced the appointment of Paula K. Garrett to the Board of Directors, effective January 1…

FINAL DEADLINE TODAY: ROSEN, RESPECTED INVESTOR COUNSEL, Reminds Garrett Motion Inc. Investors of Important November 24 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm – GTX, GTXMQ

NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Garrett Motion Inc. (NYSE: GTX) (OTC: GTXMQ) between October 1, 2018 and September 18, 2020, inclusive (the “Class Period”), of the important November 24, 2020 lea…

Garrett Motion, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit: Portnoy Law Firm

Investors with losses are encouraged to contact the firm before November 24, 2020; click here to submit trade information

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Garrett Motion Inc. of Class Action Lawsuit and Upcoming Deadline – GTX; GTXMQ

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against certain officers of Garrett Motion Inc. (“Garrett” or the “Company”) (NYSE: GTX; OCTMKTS: GTXMQ). The class action, filed in United States District Court for the Southern District…

IMPORTANT NOV. 24 DEADLINE Pawar Law Group Announces a Securities Class Action Lawsuit Against Garrett Motion Inc. – GTXMQ

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Garrett Motion Inc. (OTC: GTXMQ) from October 1, 2018 through September 18, 2020, inclusive (the “Class Period”). The lawsuit seeks to …
Show more

Garrett Blogs

Garrett Motion Supplies Custom Turbos for Global Manufacturer’s Launch of New Off-Highway Commercial Vehicle Lineup

ROLLE, Switzerland – (BUSINESS WIRE) – Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, today announced its advanced turbocharging technologies have... The post Garrett Motion Supplies Custom Turbos for Global Manufacturer’s Launch of New Off-Highway Com…

Garrett to Present Technical Papers on Advanced E-Turbo, Gas Technologies at Dresden Supercharging Conference

Garrett experts will be presenting two technical papers focusing on key breakthrough technologies in the world of gasoline and electric turbocharging during the 25th annual... The post Garrett to Present Technical Papers on Advanced E-Turbo, Gas Technologies at Dresden Supercharging Conference appea…

Garrett E-Turbo Tech to Boost ‘EU Horizon 2020’ LONGRUN Project to More Efficient On-Highway Trucking

Garrett Motion’s industry-leading electric turbocharger (E-Turbo) expertise will be leveraged to simulate, design and create prototype E-Turbos to help meet the stringent post-Euro VI targets... The post Garrett E-Turbo Tech to Boost ‘EU Horizon 2020’ LONGRUN Project to More Efficient On-Highway Tru…

World’s First Commercial Diesel Engine with Brake Thermal Efficiency Above 50% Launched by Weichai, Boosted by Garrett

Sept. 16 was a historical day in the development of internal combustion engines as China-based automaker Weichai Group officially launched the world’s first commercial vehicle... The post World’s First Commercial Diesel Engine with Brake Thermal Efficiency Above 50% Launched by Weichai, Boosted by G…

Garrett Motion & REFIRE Technology Partner to Boost China Fuel Cell Vehicle Industrialization

On Sept. 28 Garrett Motion signed a cooperation agreement with Shanghai-based REFIRE Technology Co., Ltd. to jointly develop advanced air compressor technology solutions for the... The post Garrett Motion & REFIRE Technology Partner to Boost China Fuel Cell Vehicle Industrialization appeared fir…

A Turn Ahead of the Competition: How Motorsport Drives Innovation from Racetracks to City Streets

Motorsport has been a critical incubator for many of the cutting-edge developments and innovations the Garrett brand has brought to the industry during its more... The post A Turn Ahead of the Competition: How Motorsport Drives Innovation from Racetracks to City Streets appeared first on Garrett Mot…
Show more

Garrett Frequently Asked Questions

  • When was Garrett founded?

    Garrett was founded in 2018.

  • Who are Garrett key executives?

    Garrett's key executives are Olivier Rabiller, Daniel Deiro and Carlos Cardoso.

  • How many employees does Garrett have?

    Garrett has 6,200 employees.

  • What is Garrett revenue?

    Latest Garrett annual revenue is $3.2 b.

  • What is Garrett revenue per employee?

    Latest Garrett revenue per employee is $523.9 k.

  • Who are Garrett competitors?

    Competitors of Garrett include Modine Manufacturing, Tenneco and Stoneridge.

  • Where is Garrett headquarters?

    Garrett headquarters is located at Z.A La Pièce 16, Rolle.

  • Where are Garrett offices?

    Garrett has offices in Rolle, Atlanta, Indianapolis, Plymouth and in 23 other locations.

  • How many offices does Garrett have?

    Garrett has 30 offices.