What Garrett makes

Garrett Motion is one of the world's largest independent turbocharger makers, and its catalog now reaches well beyond the turbo. The core business is boosting for internal-combustion and hybrid engines: gasoline and diesel turbochargers, twin-scroll and wastegate designs, and the variable-geometry (VNT) turbines Garrett pioneered on diesel passenger cars in 1995 and later brought to high-volume gasoline engines. The company sells across passenger vehicles, commercial vehicles, and the off-highway and industrial segments, and it runs a large aftermarket under the Garrett Original, PowerMax, and GTX and G-Series performance lines.

The newer half of the portfolio is electrification and zero-emission technology. Garrett builds electric boosting and e-turbo systems, a 3-in-1 e-powertrain (e-motor, inverter, and gearing integrated for electric vehicles), fuel cell compressors now in their third generation, and connected-vehicle cybersecurity software. In 2026 it extended the same high-speed turbomachinery into industrial markets, launching an oil-free centrifugal compressor family for HVAC and data-center cooling, part of a stated goal to generate $1 billion in revenue outside its automotive turbo business by 2030. That range makes Garrett a components-and-systems supplier to OEMs as a Tier 1, not a single-product shop.

Financial performance

Garrett is a profitable, cash-generating business at scale. Full-year 2025 net sales were $3,584 million, up about 3% year over year, with net income of $310 million, an 8.6% net income margin. That followed 2024, when the company posted $3,475 million in sales, $282 million in net income, and $358 million in adjusted free cash flow while expanding its adjusted EBITDA margin to 17.2%.

Momentum picked up into 2026. First-half net sales reached $1,961 million, up roughly 9.5% year over year, and second-quarter net sales of $976 million carried a 10.3% net income margin and a 15.6% adjusted EBIT margin, prompting Garrett to raise its full-year outlook. The company also returns capital: it declared a quarterly dividend of $0.08 per share in mid-2026, repurchased $296 million of stock in 2024 (about a 13% reduction in shares), and announced a partial debt repayment in May 2026. Market capitalization runs around $4.7 billion.

Ownership and history

Garrett's turbocharging lineage traces to 1954 and the aerospace-and-automotive engineering house founded by John C. Garrett; the first turbocharged production car, the 1962 Oldsmobile Jetfire, used Garrett technology. For decades the business sat inside AlliedSignal and then Honeywell as its Transportation Systems division. In October 2018, Honeywell spun it off as a standalone public company, Garrett Motion Inc., listed on Nasdaq under the ticker GTX.

The company went through a financial restructuring early in its independent life. Garrett filed for Chapter 11 in 2020 and emerged in April 2021 under a plan backed by Centerbridge Partners and Oaktree Capital, later joining the Russell 2000 Index as its recovery progressed. Today it has no controlling parent and trades as a widely held public company. Leadership has been stable since the spin-off: Olivier Rabiller has served as President and CEO since 2018, Craig Balis as Senior Vice President and Chief Technology Officer since 2018, and Sean Deason as Senior Vice President and Chief Financial Officer since June 2020. The company is headquartered in Rolle, Switzerland, with its U.S. operational base in Plymouth, Michigan.

Certifications and quality

Garrett runs an automotive-grade quality system across its manufacturing network, the sector standard for a Tier 1 turbo supplier being IATF 16949. Buyers evaluating the company should confirm the current site certificates directly, as a specific dated certificate was not part of the public materials reviewed here. On sustainability, Garrett has been awarded an EcoVadis Gold medal, a third-party rating covering environment, labor, ethics, and sustainable procurement. Its automotive programs run to standard production-part approval discipline expected of high-volume powertrain suppliers.

Known customers

Garrett supplies major global automakers and commercial-vehicle and industrial customers. Several relationships are on the public record through the company's own announcements and awards.

Garrett has historically been the leading independent turbocharger supplier to a broad OEM base including Volkswagen, Mercedes-Benz, BMW, and Renault. Buyers should treat the named programs above as the documented, current relationships.

Sourcing evidence

Garrett appears in US import records under the Garrett Motion profile with 3,805 ocean shipments on file, the most recent dated September 20, 2026, which marks it as an actively trading manufacturer rather than a dormant name. The US import point of entry is in Calexico, California, consistent with cross-border logistics feeding Garrett's manufacturing in Mexicali, Mexico. Named foreign shippers include Cogeme Precision Parts in India, Jiangyin Uni Pol Vacuum Casting in China, Universal Precision Screws, and Garrett Motion Japan, a mix of precision components and intra-company movements typical of a global powertrain supplier.

Coverage caveats apply. These are US ocean-freight bill-of-lading records only; air, truck, and rail movements do not appear, and much of Garrett's European and Asian production never touches a US port. Some records name freight intermediaries rather than manufacturers, and product categories come from declared manifest codes, which are noisy. Absence of a record is not evidence of absence. For buyers weighing nearshoring and cross-border tariff exposure, the Mexicali-to-US flow is the relevant footprint to diligence.

Frequently asked questions

What does Garrett Motion make?

Garrett Motion makes turbochargers for gasoline, diesel, and hybrid engines, plus electric boosting and e-turbo systems, a 3-in-1 e-powertrain, fuel cell compressors, connected-vehicle cybersecurity software, and, since 2026, oil-free centrifugal compressors for industrial HVAC and data-center cooling. It also runs a large turbo aftermarket under the Garrett Original, PowerMax, and GTX and G-Series brands.

Who owns Garrett Motion?

Garrett Motion is a publicly traded company listed on Nasdaq under the ticker GTX, with no controlling parent. It was spun off from Honeywell as a standalone company in October 2018, filed for Chapter 11 in 2020, and emerged in April 2021 under a plan backed by Centerbridge Partners and Oaktree Capital.

What is Garrett Motion's annual revenue?

Garrett Motion reported full-year 2025 net sales of $3,584 million, up about 3% year over year, with net income of $310 million. First-half 2026 net sales reached $1,961 million, up roughly 9.5% year over year, and the company raised its full-year 2026 outlook.

Where is Garrett Motion headquartered?

Garrett Motion is headquartered in Rolle, Switzerland, with its U.S. operational base in Plymouth, Michigan. The company employs around 9,300 people across 13 manufacturing sites and 5 R&D centers in more than 20 countries.

Who are Garrett Motion's customers?

Garrett supplies major automakers and commercial-vehicle and industrial customers. Documented relationships include Stellantis, which gave Garrett its 2024 Innovation Award, Ford through PowerMax turbo programs, SinoTruk through an e-powertrain co-development LOI, and Trane Technologies through an industrial HVAC compressor collaboration. Garrett has historically been the leading independent turbo supplier to a broad OEM base.

Is Garrett Motion financially stable?

Garrett is profitable and cash-generating. It reported $310 million of net income in 2025 and $282 million in 2024, generated $358 million of adjusted free cash flow in 2024, pays a quarterly dividend, and has repurchased stock and repaid debt. Its market capitalization is roughly $4.7 billion.

Last verified September 27, 2026. Is this your company? Request a correction.