Business Description

Dana Incorporated is an American manufacturer and supplier of power-conveyance and energy-management solutions for the mobility industry. Headquartered in Maumee, Ohio, the company produces axles, driveshafts, transmissions, and electrodynamic equipment for conventional, hybrid, and electric-powered vehicles. Dana serves the light vehicle, commercial vehicle, and off-highway equipment markets globally, positioning itself as a key partner in the industry's transition to electrification.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues7,500,0007,734,0007,613,00010,156,000
Cost of Sales6,898,0007,356,0007,236,0009,393,000
Gross Profit602,000378,000377,000763,000
Selling, General & Administrative Expenses387,000429,000440,000495,000
Depreciation & Amortization Expenses7,0008,0008,00014,000
Other Operating Expenses(23,000)75,0009,000190,000
Operating Profit231,000(134,000)(80,000)86,000
Interest and Investment Income42,00023,0006,00015,000
Interest Expense(181,000)(158,000)(152,000)(128,000)
Non-Operating Income——(1,000)22,000
Total Non-Operating Income(139,000)(135,000)(147,000)(91,000)
Income Before Provision for Income Taxes(32,000)(321,000)(246,000)(31,000)
Provision for Income Taxes53,00031,0007,000284,000
Consolidated Net Income102,000(49,000)48,000(311,000)
Net Income Attributable to Minority Interests and Other17,0008,00010,000(69,000)
Net Income Attributable to Discontinued Operations155,000293,000310,000—
Net Income Attributable to Common Shareholders85,000(57,000)38,000(242,000)
Basic EPS0.64-0.390.26-1.69
Diluted EPS0.64-0.390.26-1.69
Basic Weighted Average Shares Outstanding133,700145,200144,400143,600
Diluted Weighted Average Shares Outstanding133,700145,200144,400143,600
Shares Outstanding112,284144,994144,386143,366
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents469,000494,000529,000425,000
Total Cash and Cash Equivalents469,000494,000529,000425,000
Accounts Receivable987,000890,0001,371,0001,374,000
Other Receivables254,000220,000280,000202,000
Total Trade Receivables1,241,0001,110,0001,651,0001,576,000
Inventories1,015,0001,047,0001,676,0001,609,000
Other Current Assets1,143,0001,053,000247,000219,000
Total Current Assets3,868,0003,704,0004,103,0003,829,000
Net Property, Plant & Equipment2,177,0002,090,0002,638,0002,504,000
Net Intangible Assets71,00080,000182,000201,000
Goodwill——263,000259,000
Long-Term Investments102,000125,000123,000136,000
Other Long-Term Assets1,590,0001,487,000656,000520,000
Total Assets7,808,0007,486,0007,965,0007,449,000
Accounts Payable1,154,0001,120,0001,756,0001,838,000
Accrued Expenses780,000539,000747,000545,000
Short-Term Debt615,0008,00022,00052,000
Current Portion of Long-Term Debt30,000214,00035,0008,000
Current Portion of Leases41,00035,00042,00036,000
Other Current Liabilities688,000645,000——
Total Current Liabilities3,308,0002,561,0002,602,0002,479,000
Long-Term Debt2,566,0002,387,0002,598,0002,348,000
Leases266,000235,000284,000277,000
Other Long-Term Liabilities769,000718,000653,000547,000
Total Long-Term Liabilities3,601,0003,340,0003,535,0003,172,000
Total Liabilities6,909,0005,901,0006,137,0005,651,000
Common Stock1,0002,0002,0002,000
Treasury Stock(35,000)(13,000)(9,000)—
Additional Paid-in Capital1,671,0002,282,0002,255,0002,229,000
Accumulated Other Comprehensive Income(1,032,000)(1,142,000)(990,000)(1,001,000)
Retained Earnings235,000204,000317,000321,000
Total Common Shareholders' Equity840,0001,333,0001,575,0001,551,000
Minority Interests and Other59,000252,000191,000195,000
Total Shareholders' Equity899,0001,585,0001,766,0001,746,000
Total Liabilities and Shareholders' Equity7,808,0007,486,0007,903,0007,397,000
FY 2025FY 2024FY 2023FY 2022
Net Income(53,000)(342,000)(262,000)(311,000)
Depreciation & Amortization357,000350,000315,000388,000
Share-Based Compensation Expense40,00030,00026,00019,000
Other Adjustments(45,000)(58,000)(89,000)345,000
Changes in Other Operating Activities30,00096,00015,000208,000
Cash from Operating Activities512,000450,000476,000649,000
Capital Expenditure(214,000)(312,000)(427,000)(440,000)
Proceeds from Sale of Property, Plant & Equipment13,0007,0002,0003,000
Purchases of Investments———(15,000)
Proceeds from Sale of Investments57,000——30,000
Other Investing Activities(25,000)0(12,000)(4,000)
Cash from Investing Activities(222,000)(352,000)(528,000)(426,000)
Issuance of Short-Term Debt607,000(14,000)(30,000)33,000
Net Issuance / (Repayments) of Short-Term Debt607,000(14,000)(30,000)33,000
Issuance of Long-Term Debt—1,000458,0002,000
Repayments of Long-Term Debt(223,000)(37,000)(209,000)(24,000)
Net Issuance / (Repayments) of Long-Term Debt(223,000)(36,000)249,000(22,000)
Repurchases of Common Shares(650,000)——(25,000)
Net Issuance / (Repurchases) of Common Shares(650,000)——(25,000)
Common Share Dividends Paid(54,000)(58,000)(58,000)(58,000)
Other Financing Activities(51,000)18,000(1,000)30,000
Cash from Financing Activities(371,000)(90,000)160,000(42,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents55,000(59,000)13,000(26,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(26,000)(51,000)121,000155,000

Key Metrics & Ratios

MetricValue
Market Cap$2.67B
P/E37.12x
P/S0.36x
EV/EBITDA9.82x
Return on Equity8.2%
Return on Invested Capital13.0%
Current Ratio1.17x
Dividend Yield1.7%
Free Cash Flow Margin4.0%

Margins

Gross margin
8.0%
Operating margin
3.1%
Net margin
1.1%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q2 2026 $2.01B +3.9% 4.8% $96M
Q1 2026 $1.87B +4.9% 3.2% $59M
Q4 2025 $1.87B +5.2% 6.6% $123M
Q3 2025 $1.92B +1.1% 3.8% $73M
Q2 2025 $1.94B — 1.3% $26M
Q1 2025 $1.78B — 0.5% $9M
Q4 2024 $1.77B — -5.0% $-89M
Q3 2024 $1.90B — -0.1% $-2M

More on Dana Incorporated

Figures compiled from public company filings.

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