HIGHBuilt-inGeographic
84%
outside the United States
“10-K Item 1: 'approximately 16% of the Company's net sales were generated in the United States, and 84% were generated outside the United States'”
BWA · Concentration risk · 10-K extracted
BorgWarner (BWA) concentration risks
Updated
The most significant concentration BorgWarner discloses is outside the United States at 84%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: BorgWarner’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 6 disclosed concentrations
HIGH2
MEDIUM1
LOW3
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCustomer
71%
top ten customers
“10-K Item 1: 'Sales to the Company's top ten customers represented 71% of sales for the year ended December 31, 2025'”
MEDIUMOutside partySupplier
Mexico
“10-K Item 1A: 'In 2025, we imported approximately $918 million in value to the U.S. Approximately 68% of that value originated in Mexico'”
LOWBuilt-inProduct / Revenue mix
21%
turbochargers for light vehicles
“10-K Item 1: 'Sales of turbochargers for light vehicles represented approximately 21%, 21% and 22% of the Company's net sales for the years ended December 31, 2025, 2024 and 2023'”
LOWOutside partyCustomer
13%
Volkswagen
“10-K Item 1: 'Volkswagen| 13 | %'”
LOWOutside partyCustomer
12%
Ford
“10-K Item 1: 'Ford| 12 | %'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans geographic, customer, and supplier dimensions — all of which are material to the investment thesis. On geography, approximately 84% of net sales were generated outside the United States, a high-share structural exposure reflecting the global footprint of the automotive industry the company serves. Customer concentration is also high-share: sales to the top ten customers represented 71% of sales for the year ended December 31, 2025, a dependency-type exposure given that losing or losing share at any major OEM could materially affect revenue. On the supply side, the company imported approximately $918 million in value to the U.S. in 2025, with approximately 68% of that value originating in Mexico. This is a medium-share dependency by disclosed size, but it is notable given the tariff and trade policy sensitivity around U.S.-Mexico cross-border flows. A sudden change in tariff treatment of Mexican-origin goods would directly affect this import cost base. Product concentration adds a fourth dimension: sales of turbochargers for light vehicles represented approximately 21% of net sales in 2025 — a low-share structural exposure. Together, these four layers describe a company tightly integrated with global OEM production cycles and exposed to trade policy via its Mexican supply chain, with no single axis offering an obvious natural hedge against the others. All exposures are well-disclosed in the most recent 10-K.
For the engine’s reasoning on BWA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Auto Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALSN | Allison Transmission Holdings, | 3 | 0 | 1 | 4 |
| BWA● | BorgWarner Inc. | 2 | 1 | 3 | 6 |
| APTV | Aptiv PLC | 1 | 2 | 1 | 4 |
| ALV | Autoliv, Inc. | 1 | 2 | 0 | 3 |
| ADNT | Adient plc | 0 | 1 | 0 | 1 |
| AAP | Advance Auto Parts Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.