Garrett Motion Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
GTX$20.75+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in millions except per share amounts) | |||
| Net sales (Note 3) | $3,584 | $3,475 | $3,886 |
| Cost of goods sold | 2,853 | 2,770 | 3,130 |
| Gross profit | 731 | 705 | 756 |
| Selling, general and administrative expenses | 240 | 240 | 247 |
| Other expense, net (Note 4) | 10 | 6 | 5 |
| Interest expense | 108 | 156 | 159 |
| Gain on sale of equity investment (Note 26) | — | (27) | — |
| Non-operating income, net (Note 5) | (19) | (13) | (2) |
| Income before taxes | 392 | 343 | 347 |
| Tax expense (Note 6) | 82 | 61 | 86 |
| Net income | 310 | 282 | 261 |
| Less: preferred stock dividends (Note 19) | — | — | (80) |
| Less: preferred stock deemed dividends (Note 19) | — | — | (232) |
| Net income (loss) available for distribution | $310 | $282 | $(51) |
| Earnings (Loss) per share (Note 22) | |||
| Basic | $1.55 | $1.27 | $(0.31) |
| Diluted | $1.52 | $1.26 | $(0.31) |
| Weighted average common shares outstanding | |||
| Basic | 199,758,058 | 222,316,484 | 166,595,397 |
| Diluted | 203,623,998 | 224,121,156 | 166,595,397 |
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