GTXGarrett Motion Inc.
Motor Vehicle Parts & Accessories
- Revenue
- $3.6B
- 3.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.9B
- Employees
- —
- Net debt / EBITDA
- —
- $977M net debt
- AI in 10-K
- 0.8
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$9M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo133% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo63% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo8% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo0.8 per 10K words · 28th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.9B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$166M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $3.9B | $3.5B | $3.6B | 3.1% |
| Net income | $495M | $390M | $261M | $282M | $310M | 9.9% |
| Operating cash flow | −$310M | $375M | $465M | $408M | $413M | 1.2% |
| Capex | $72M | $91M | $83M | $91M | $72M | 21% |
| Stock-based comp | $7M | $11M | $14M | $23M | $27M | 17% |
| Buybacks | $4M | $0 | $213M | $296M | $208M | 30% |
| Dividends | $0 | $83M | $42M | $0 | $52M |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| May 22, 2026 | Oaktree Value Opportunities Fund Holdings, L.P. | SCHEDULE 13D/A | 4.1% | Passive |
| Feb 25, 2026 | Oaktree Value Opportunities Fund Holdings, L.P. | SCHEDULE 13D/A | 7.7% | Passive |
| Dec 16, 2025 | CYRUS CAPITAL PARTNERS, L.P. | SCHEDULE 13D/A | 9.3% | Passive |
| Dec 5, 2025 | CYRUS CAPITAL PARTNERS, L.P. | SCHEDULE 13D/A | 6.0% | Passive |
| Nov 13, 2025 | Oaktree Value Opportunities Fund Holdings, L.P. | SCHEDULE 13D/A | 8.9% | Passive |
| Nov 5, 2025 | CYRUS CAPITAL PARTNERS, L.P. | SCHEDULE 13D/A | 7.3% | Passive |
| Nov 5, 2025 | Oaktree Value Opportunities Fund Holdings, L.P. | SCHEDULE 13D/A | 12.2% | Passive |
| Oct 29, 2025 | Oaktree Value Opportunities Fund Holdings, L.P. | SCHEDULE 13D/A | 13.3% | Passive |
| Oct 16, 2025 | CYRUS CAPITAL PARTNERS, L.P. | SCHEDULE 13D/A | 9.3% | Passive |
| Aug 22, 2025 | Centerbridge Credit Partners Master, L.P. | SCHEDULE 13D/A | 5.0% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $166M · 17
- Net
- −$166M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $9M | $28M | 323 | 93 |
| FY2024 | $9M | $8M | 164 | 79 |
| FY2023 | $8M | $9M | 176 | 97 |
| FY2022 | $2M | $1M | 138 | 88 |
| FY2021 | $11M | $11M | 146 | 105 |