# Garrett Motion Inc. (GTX)

> Source: Nexqual · https://nexqual.com/GTX · data as of 2026-10-23 16:17 UTC · cite as "Nexqual, Garrett Motion Inc. (GTX), nexqual.com/GTX" · informational, not investment advice.

**Price:** USD 21.37 (-2.86% today) · US market open, as of October 23, 2026 at 16:17 UTC; quotes may be delayed. Prev close 22 · day 20.73–21.84 · 52w 15.09–36.25 · market cap $3.99B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.75B, net income $357M (9.5% margin), free cash flow $365M (SEC filings).
- Valuation: P/E 11.2x (avg 8.3x at the last 3 fiscal year-ends), net debt $1.21B.
- 2 of 80 tracked superinvestors hold GTX (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $8.3M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +45.2% vs S&P 500 +14.7%; 5Y +227.0% vs S&P 500 +77.5%.
- Next earnings: 2026-10-29, EPS estimate USD 0.48, revenue estimate $935M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.63B | $3.60B | $3.89B | $3.48B | $3.58B | $3.75B |
| Gross profit | $707M | $683M | $756M | $705M | $731M | — |
| Net income | $495M | $390M | $261M | $282M | $310M | $357M |
| EPS (diluted) | $1.56 | $0.75 | -$0.31 | $1.26 | $1.52 | — |
| Free cash flow | -$382M | $284M | $382M | $317M | $341M | $365M |
| Gross margin | 19.5% | 19.0% | 19.5% | 20.3% | 20.4% | — |
| Net margin | 13.6% | 10.8% | 6.7% | 8.1% | 8.6% | 9.5% |
| Revenue growth | +19.7% | -0.8% | +7.9% | -10.6% | +3.1% | — |
| Cash + short-term investments | $423M | $246M | $259M | $125M | $177M | — |
| Total debt | $1.19B | $1.16B | $1.65B | $1.47B | $1.42B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.2x · P/S 1.1x · EV/Sales 1.4x · P/FCF 10.9x · FCF yield 9.16% · Earnings yield 8.96% · Dividend yield (paid, TTM) 1.46% · Buyback yield (TTM) 6.80% · Net debt $1.21B · EV $5.19B
P/E at fiscal year-ends: Dec 2025 11.4x, Dec 2024 7.2x, Dec 2023 6.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold GTX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 7.28% | $275M | Reduced -48.0% |
| Prem Watsa | Fairfax Financial Holdings | 0.14% | $3.7M | Reduced -44.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
7 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Steyn Julia | Director | 178 | $5K | 0.3% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-01…2026-09-02 | Deiro Daniel | SVP, GCM & GM Japan/Korea | 50,000 | $1.3M | 30.5% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-24 | Rodrigues Mark Albert | SVP, GM GBEs Turbo Tech | 6,140 | $204K | 7.4% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-12 | Rodrigues Mark Albert | SVP, GM GBEs Turbo Tech | 10,516 | $356K | 11.2% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Deason Sean | SVP & Chief Financial Officer | 110,000 | $3.5M | 29.6% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-29 | Mabru Thierry | SVP, Integrated Supply Chain | 70,000 | $2.3M | 32.1% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-15 | Ninivaggi Daniel A | Director | 17,178 | $536K | 12.1% | Yes | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | BWS Financial | Maintained | Buy | $42 |
| 2026-09-15 | JP Morgan | Target lowered | Overweight | $37 → $35 |
| 2026-08-10 | JP Morgan | Target raised | Overweight | $33 → $37 |
| 2026-07-30 | BWS Financial | Maintained | Buy | $42 |
| 2026-07-30 | Deutsche Bank | Upgrade | Hold → Buy | $33 → $36 |
| 2026-07-06 | BWS Financial | Maintained | Buy | $42 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +45.2% | +227.0% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | +45.2% | +26.8% |
| Volatility (annualized) | 46.0% | 40.3% |
| Max drawdown | -40.8% (Jun 2026→Oct 2026) | -39.0% (Jun 2026→Oct 2026) |

## Peers (Auto Parts)
DORM (Dorman Products, Inc.) USD 124.18 -2.60% · GNTX (Gentex Corporation) USD 20.6 -5.27% · ATMU (Atmus Filtration Technologies I) USD 44.78 +0.06% · LKQ (LKQ Corporation) USD 18 -19.92% · MBLY (Mobileye Global Inc.) USD 6.57 -5.47% · LEA (Lear Corporation) USD 115.71 -2.44%

## More
Full page: https://nexqual.com/GTX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GTX's own 10-K filed 2026-02-19 (https://www.sec.gov/Archives/edgar/data/1735707/000173570726000009/gtx-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Stellantis (STLA) | "Our largest customer is Stellantis N.V. ("Stellantis")." |
| Customer | Bayerische Motoren Werke | "In 2025, 2024 and 2023, our sales to Bayerische Motoren Werke AG ("BMW"), our second largest customer, were 11%, 12%, and 12%, respectively, of our total sales." |
| Customer | Ford (F) | "In 2025, 2024 and 2023, our sales to Ford Motor Company ("Ford"), our third largest customer, were 11%, 10%, and 9%, respectively, of our total sales." |
| Related party | Honeywell (HON) | "Honeywell is not considered a related party subsequent to the Transaction, which occurred on June 6, 2023." |

## Customer concentration

Period ended 2025-12-31: 12%, 11%, 11% of revenue from unnamed direct customers (10-K, filed 2026-02-19).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.48 | $0.48 | -0.2% | $935.2M | 3 |
| Next quarter (ends 2026-12-31) | $0.49 | $0.47 | +3.6% | $920.3M | 3 |
| Current fiscal year (ends 2026-12-31) | $2.06 | $1.99 | +3.7% | $3.82B | 3 |
| Next fiscal year (ends 2027-12-31) | $2.25 | $2.21 | +1.5% | $3.95B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±16.1%; last 8 reports averaged ±14.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 70.1% | ±16.1% |
| 2026-12-18 | 56 | 57.5% | ±18.5% |
| 2027-01-15 | 84 | 51.0% | ±20.1% |
| 2027-03-19 | 147 | 52.7% | ±27.4% |
| 2027-04-16 | 175 | 53.6% | ±30.7% |
| 2027-05-21 | 210 | 53.6% | ±33.6% |
| 2027-06-17 | 237 | 53.1% | ±35.1% |
| 2027-09-17 | 329 | 49.6% | ±38.5% |