Garrett (GTX) stock price, revenue, and financials
Garrett market cap is $417.1 m, and annual revenue was $3.63 b in FY 2021
$8.05
$417.1 M
GTX Mkt cap, 08-Jun-2022$901 M
Garrett Revenue Q1, 2022Garrett Gross profit (Q1, 2022)175 M
Garrett Gross profit margin (Q1, 2022), %19.4%
Garrett Net income (Q1, 2022)88 M
Garrett EBITDA (Q1, 2022)143 M
Garrett Cash, 31-Dec-2021423 M
Garrett EV1.2 B
Garrett Revenue
Garrett revenue was $3.63 b in FY, 2021
Garrett Revenue Breakdown
Garrett revenue breakdown by business segment: 11.2% from Aftermarket, 87.1% from OEM and 1.7% from Other
Garrett revenue breakdown by geographic segment: 33.9% from Asia, 49.1% from Europe, 15.6% from United States and 1.5% from Other
Garrett Income Statement
Annual
| USD | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Revenue | 3.2b | 3.0b | 3.6b |
Revenue growth, % | (4%) | (7%) | |
Cost of goods sold | 2.5b | 2.5b | 2.9b |
Gross profit | 711.0m | 556.0m | 707.0m |
Gross profit Margin, % | 22% | 18% | 19% |
General and administrative expense | 249.0m | 277.0m | 216.0m |
Operating expense total | 289.0m | 323.0m | 216.0m |
EBITDA | 480.0m | 281.0m | 712.0m |
EBITDA margin, % | 20% | ||
Interest expense | 68.0m | 79.0m | 93.0m |
Pre tax profit | 346.0m | 119.0m | 538.0m |
Income tax expense | 33.0m | 39.0m | 43.0m |
Net Income | 313.0m | 80.0m | 495.0m |
EPS | 4.1 | 1.1 | 1.6 |
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|
Revenue | 745.0m | 477.0m | 804.0m | 997.0m | 935.0m | 839.0m | 901.0m |
Cost of goods sold | 603.0m | 393.0m | 652.0m | 801.0m | 742.0m | 676.0m | 726.0m |
Gross profit | 142.0m | 84.0m | 152.0m | 196.0m | 193.0m | 163.0m | 175.0m |
Gross profit Margin, % | 19% | 18% | 19% | 20% | 21% | 19% | 19% |
General and administrative expense | 61.0m | 51.0m | 103.0m | 55.0m | 51.0m | 60.0m | 53.0m |
Operating expense total | 77.0m | 66.0m | 117.0m | 56.0m | 51.0m | 60.0m | 54.0m |
EBITDA | 87.0m | 39.0m | 52.0m | (38.0m) | 486.0m | 138.0m | 143.0m |
EBITDA margin, % | 16% | 16% | |||||
Interest expense | 16.0m | 20.0m | 20.0m | 21.0m | 24.0m | 25.0m | 23.0m |
Pre tax profit | 53.0m | 2.0m | 10.0m | (81.0m) | 439.0m | 91.0m | 125.0m |
Income tax expense | 1.0m | 11.0m | (1.0m) | 24.0m | 30.0m | 28.0m | 37.0m |
Net Income | 52.0m | (9.0m) | 11.0m | (105.0m) | 409.0m | 63.0m | 88.0m |
EPS | 0.7 | (0.1) | 0.1 | (1.4) | 1.7 | 0.2 | 0.2 |
Garrett Balance Sheet
Annual
| USD | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Cash | 187.0m | 592.0m | 423.0m |
Accounts Receivable | 707.0m | 841.0m | 747.0m |
Inventories | 220.0m | 235.0m | 244.0m |
Current Assets | 1.2b | 1.9b | 1.5b |
PP&E | 471.0m | 505.0m | 485.0m |
Goodwill | 193.0m | 193.0m | 193.0m |
Total Assets | 2.3b | 3.0b | 2.7b |
Accounts Payable | 1.0b | 1.0b | 1.0b |
Short-term debt | 4.0m | 570.0m | 7.0m |
Current Liabilities | 1.4b | 1.8b | 1.5b |
Long-term debt | 1.4b | 1.1b | 1.2b |
Total Debt | 1.4b | 1.7b | 1.2b |
Total Liabilities | 4.4b | 5.3b | 3.2b |
Additional Paid-in Capital | 19.0m | 28.0m | 1.3b |
Retained Earnings | (2.3b) | (2.2b) | (1.8b) |
Total Equity | (2.1b) | (2.3b) | (468.0m) |
Debt to Equity Ratio | -0.7 x | -0.7 x | -2.5 x |
Debt to Assets Ratio | 0.6 x | 0.5 x | 0.4 x |
Financial Leverage | -1.1 x | -1.3 x | -5.8 x |
Quarterly
Garrett Cash Flow
Annual
| USD | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Net Income | 313.0m | 80.0m | 495.0m |
Depreciation and Amortization | 73.0m | 86.0m | 92.0m |
Inventories | (60.0m) | (14.0m) | (31.0m) |
Accounts Payable | 87.0m | 41.0m | (75.0m) |
Cash From Operating Activities | 242.0m | 25.0m | (310.0m) |
Purchases of PP&E | (102.0m) | (80.0m) | (72.0m) |
Cash From Investing Activities | (86.0m) | (80.0m) | (71.0m) |
Short-term Borrowings | (745.0m) | (1.1b) | (370.0m) |
Long-term Borrowings | (163.0m) | (2.0m) | (1.5b) |
Cash From Financing Activities | (163.0m) | 530.0m | 139.0m |
Net Change in Cash | (9.0m) | 506.0m | (229.0m) |
Interest Paid | 54.0m | 63.0m | 61.0m |
Income Taxes Paid | 93.0m | 44.0m | 61.0m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 73.0m | 139.0m | 177.0m | 52.0m | 43.0m | 54.0m | (105.0m) | 304.0m | 367.0m |
Depreciation and Amortization | 19.0m | 35.0m | 55.0m | 19.0m | 37.0m | 60.0m | 23.0m | 47.0m | 70.0m |
Inventories | (14.0m) | (26.0m) | (33.0m) | (14.0m) | (23.0m) | (26.0m) | (34.0m) | (51.0m) | (59.0m) |
Accounts Payable | (24.0m) | (14.0m) | 18.0m | (29.0m) | (231.0m) | (126.0m) | 74.0m | (52.0m) | (161.0m) |
Cash From Operating Activities | 36.0m | 37.0m | 125.0m | 57.0m | (95.0m) | (136.0m) | 32.0m | (391.0m) | (446.0m) |
Purchases of PP&E | (21.0m) | (51.0m) | (74.0m) | (39.0m) | (63.0m) | (79.0m) | (18.0m) | (40.0m) | (74.0m) |
Cash From Investing Activities | (20.0m) | (33.0m) | (62.0m) | (39.0m) | (64.0m) | (79.0m) | (17.0m) | (39.0m) | (73.0m) |
Short-term Borrowings | (140.0m) | (300.0m) | (550.0m) | (555.0m) | (904.0m) | (370.0m) | (370.0m) | ||
Long-term Borrowings | (6.0m) | (21.0m) | (62.0m) | (1.0m) | (2.0m) | (1.1b) | (1.5b) | (1.5b) | |
Cash From Financing Activities | (5.0m) | (17.0m) | (62.0m) | 62.0m | 114.0m | 340.0m | (101.0m) | 359.0m | 362.0m |
Net Change in Cash | 11.0m | (14.0m) | (6.0m) | 67.0m | (48.0m) | 128.0m | (116.0m) | (77.0m) | (159.0m) |
Interest Paid | 57.0m | 67.0m | |||||||
Income Taxes Paid | 32.0m | 47.0m |
Garrett Ratios
| USD | Q1, 2019 |
|---|---|
Debt/Equity | -0.6 x |
Debt/Assets | 0.7 x |
Financial Leverage | -0.9 x |
Garrett Operating Metrics
| FY, 2018 | FY, 2019 | |
|---|---|---|
Distributors | 190 | 190 |
Patents and Patent Applications | 1.4 k | 1.4 k |
Vehicles Installed Base | 100 m | 100 m |
Product Applications Launched Annually | 100 | 100 |
Factories Operated | 13 | 13 |
Factories (North America) | 2 | 2 |
Factories (EMEA) | 5 | 5 |
Factories (South Asia and Asia Pacific) | 5 | 5 |
Factories (South America) | 1 | 1 |
R&D Centers | 5 | 5 |
R&D Centers (North America) | 1 | 2 |
R&D Centers (EMEA) | 2 | 1 |
R&D Centers (South Asia and Asia Pacific) | 2 | 2 |
Engineering Centers | 13 | 14 |
Engineering Centers (North America) | 3 | 3 |
Engineering Centers (EMEA) | 6 | 7 |
Engineering Centers (South Asia and Asia Pacific) | 3 | 3 |
Engineering Centers (South America) | 1 | 1 |
Garrett Human Capital
Gender
| FY, 2021 | FY, 2020 | FY, 2019 | |
|---|---|---|---|
| Female (Board of Directors), percent | 11% | ||
| Male, percent | 26.1% | 39.8% | 40.1% |
| Male (Senior Management), percent | 26.7% | 40.3% | 41.6% |
| Female (Senior Management), percent | 6.7% | 9.8% | 8.3% |
| Female, percent | 7.3% | 10.2% | 9.8% |
| Male (Board of Directors), percent | 22.3% |
- Source: www.sec.gov
