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Makes drivetrain, axle and e-propulsion systems for light, commercial and off-highway vehicles.
Makes drivetrain, axle and e-propulsion systems for light, commercial and off-highway vehicles.
Wins supply awards for specific vehicle programmes and then earns on each axle or driveshaft shipped, so results follow customers' production volumes and steel and energy costs it can only partly pass on. The commercial and off-highway markets it serves are cyclical.
Moat: narrow (scale, customer qualification, installed base). Long-standing OEM axle and driveline supplier relationships; commodity-like margins and EV transition risk.
Headquarters: Maumee, Ohio, US · Founded: 1904 · Employees: 26,900
Size Dana (DAN) is a United States Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.17B, the 1741st largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.50 on 6 Nov 2026.
Performance Over six months the shares fell 38.0%, against -12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 8.8% over the last twelve months (peer median +11.6%); the operating margin is 4.3% (peer median 6.3%).
Valuation It trades at 6.1× forward earnings against a peer median of 17.3× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.8 points below its cost of capital (11.0% WACC).
Credit Dana has 4 bonds outstanding ($836M), rated BB by the agencies and trading like AA+ at a weighted spread of 18 bp.
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.78B | $7.50B | $7.73B | $10.6B | $10.2B |
| Revenue growth | — | -3% | -27% | +4% | — |
| Gross profit | $735M | $600M | $362M | $853M | $756M |
| EBITDA | $683M | $570M | $283M | $720M | $642M |
| Net income | -$139M | $85.0M | -$57.0M | $38.0M | -$242M |
| Free cash flow | $87.0M | $298M | $138M | -$25.0M | $200M |
| Capital expenditure | $335M | $214M | $312M | $501M | $440M |
| Total debt | $1.74B | $3.52B | $2.88B | $2.98B | $2.72B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dana DAN | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% |
| Dauch DCH | $1.07B | -32% | +41% | 3% | 5.5× | n/a |
| BorgWarner BWA | $9.80B | -20% | 0% | 11% | 8.7× | -3.2% |
| Linamar LNR.TO | $3.63B | -9% | +9% | 9% | 7.1× | -8.4% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% |
| Schaeffler SHA0.DE | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% |
| Aisin 7259.T | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DAN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.9% | -6.2% | 2nd lowest of 21 |
| 6-month return | -38.0% | -12.4% | 2nd lowest of 21 |
| Distance from 52-week high | -45.6% | -38.6% | 7th lowest of 21 |
| Revenue growth (TTM) | -8.8% | +11.6% | 2nd lowest of 21 |
| Operating margin | 4.3% | 6.3% | 7th lowest of 21 |
| Forward P/E | 6.1× | 17.3× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.8% | 7.6% | 8th most demanding of 16 |
| Growth delivered (Del g) | +1.1% | +9.9% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | +7.7 pp | -2.8 pp | 6th most demanding of 16 |
| ROIC minus cost of capital | -2.8 pp | -0.1 pp | 4th lowest of 21 |
| EV / EBITDA | 5.3× | 6.4× | 4th cheapest of 9 |
| Net debt / EBITDA | 2.1× | 0.6× | 3rd most indebted of 10 |
| Bond spread | 18 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% | +8.1% |
Dana has 4 bonds outstanding with $836M face value. The agencies rate it BB; its bonds trade like AA+. Weighted yield 3.97%, a spread of 18 bp over government bonds.