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Spun off from Mercedes-Benz Group: makes heavy trucks and buses worldwide, including Freightliner in North America and Mercedes-Benz trucks in Europe.
Spun off from Mercedes-Benz Group: makes heavy trucks and buses worldwide, including Freightliner in North America and Mercedes-Benz trucks in Europe.
Sells trucks and buses through dealers to fleet operators, while parts, repair and financing through its captive finance arm earn steadier income across a truck's life than the cyclical sales of new trucks. Freightliner in North America is its largest profit contributor.
In one line: Owns Freightliner; Germany's Paccar/Volvo Trucks analogue.
Moat: narrow (scale, installed base, distribution). Leading market share in North American and European heavy trucks with an extensive dealer/service network.
Headquarters: Stuttgart, Germany · Founded: 2021 · Employees: 108,476
Size Daimler Truck (DTG.DE) is a Germany Consumer Discretionary company (Motor Vehicles) with a market value of $34.7B, the 26th largest of 205 Germany companies the cockpit tracks. Shares closed at €40.49 on 6 Nov 2026.
Performance Over six months the shares fell 0.6%, against -3.4% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 13.6% over the last twelve months (peer median +8.0%); the operating margin is 5.2% (peer median 6.4%).
Valuation It trades at 10.6× forward earnings against a peer median of 9.7× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +5 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 (6.7% WACC).
Credit Daimler Truck has 9 bonds outstanding ($4.25B), rated A- by the agencies and trading like A at a weighted spread of 74 bp.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €44.6B | €45.5B | €50.2B | €55.9B | €50.9B |
| Revenue growth | — | -9% | -10% | +10% | — |
| Gross profit | €7.99B | €10.6B | €12.1B | €12.0B | €9.57B |
| EBITDA | €3.34B | €5.88B | €7.40B | €6.80B | €4.77B |
| Net income | €2.56B | €1.97B | €2.90B | €3.77B | €2.67B |
| Free cash flow | €2.65B | €3.22B | €138M | -€640M | -€1.42B |
| Capital expenditure | €1.41B | €1.48B | €1.88B | €1.31B | €1.13B |
| Total debt | €29.1B | €29.2B | €28.7B | €25.7B | €20.8B |
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 |
|---|---|---|---|---|---|---|
| Daimler Truck DTG.DE | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% |
| Paccar PCAR | $53.7B | -11% | -1% | 11% | 15.4× | 11.2% |
| Volvo VOLV-A.ST | $65.2B | -1% | -3% | 12% | 14.7× | 5.4% |
| Traton 8TRA.DE | $18.9B | +2% | +1% | 6% | 6.1× | n/a |
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 | DTG.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | +7.5% | 7th lowest of 21 |
| 6-month return | -0.6% | -3.4% | 10th highest of 21 |
| Distance from 52-week high | -19.1% | -28.1% | 10th highest of 21 |
| Revenue growth (TTM) | -13.6% | +8.0% | lowest of 21 |
| Operating margin | 5.2% | 6.4% | 9th lowest of 21 |
| Forward P/E | 10.6× | 9.7× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 9.8% | 17.3% | 6th least demanding of 14 |
| Growth delivered (Del g) | +4.8% | +14.0% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +5.0 pp | +6.7 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | -2.8 pp | -0.4 pp | 5th lowest of 20 |
| EV / EBITDA | 14.9× | 10.5× | 7th most expensive of 15 |
| Net debt / EBITDA | 5.5× | 2.7× | 5th most indebted of 15 |
| Bond spread | 74 bp | 113 bp | tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daimler Truck DTG.DE | Germany | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% | +4.8% |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| Volkswagen VOW.DE | Germany | $39.1B | -24% | -3% | 7% | 5.5× | n/a | n/a |
| Bayerische Motoren Werke BMW.DE | Germany | $40.3B | -22% | -6% | 6% | 9.7× | n/a | n/a |
| Maruti Suzuki India MARUTI.NS | India | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% | +21.1% |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Mahindra & Mahindra M&M.NS | India | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% | +21.5% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| Mercedes-Benz MBG.DE | Germany | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% | +1.7% |
| Honda Motor 7267.T | Japan | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% | +10.6% |
| HyundaiMtr 005380.KS | South Korea | $47.5B | -47% | +1% | 5% | 7.3× | n/a | n/a |
| Porsche P911.DE | Germany | $47.8B | 0% | -10% | 6% | 22.9× | 17.3% | +4.8% |
| Ford Motor F | United States | $48.8B | +2% | -1% | 2% | 7.0× | 25.6% | +8.1% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
| Chery Automobile 9973.HK | Hong Kong | $17.8B | -22% | +11% | 5% | 5.8× | n/a | n/a |
Daimler Truck has 9 bonds outstanding with $4.25B face value. The agencies rate it A-; its bonds trade like A. Weighted yield 3.75%, a spread of 74 bp over government bonds.