Tearsheet

Dana (DAN)

Market Price (12/4/2025): $22.51 | Market Cap: $2.9 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Dana (DAN)

Market Price (12/4/2025): $22.51
Market Cap: $2.9 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 121%
1	Attractive yield Dividend Yield is 2.2%	Weak multi-year price returns 3Y Excs Rtn is -32%	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 47x
2	Low stock price volatility Vol 12M is 49%
3	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Future of Freight. Themes include EV Manufacturing, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
1	Attractive yield Dividend Yield is 2.2%
2	Low stock price volatility Vol 12M is 49%
3	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Future of Freight. Themes include EV Manufacturing, Show more.
4	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5	Weak multi-year price returns 3Y Excs Rtn is -32%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 121%
7	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 47x

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$22.51	$11.29	$13.76	$13.86	$20.29
Market Cap CYE ($ Bil)	2.9	1.6	2.0	2.0	2.9
Total Debt ($ Bil)	3.5	2.9	3.0	2.7	2.7
Total Cash ($ Bil)	0.4	0.5	0.5	0.4	0.3
Enterprise Value ($ Bil)	6.0	4.5	5.0	4.7	5.6
Valuation Ratios
P/S TTM	0.2	0.2	0.2	0.2	0.4
P/EBIT TTM	5.8	7.0	6.3	22.4	8.8
P/E TTM	46.8	-29.4	55.5	-9.0	16.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$22.51	$11.29	$13.76
Market Cap CYE ($ Bil)	2.9	1.6	2.0
Total Debt ($ Bil)	3.5	2.9	3.0
Total Cash ($ Bil)	0.4	0.5	0.5
Enterprise Value ($ Bil)	6.0	4.5	5.0
Valuation Ratios
P/S TTM	0.2	0.2	0.2
P/EBIT TTM	5.8	7.0	6.3
P/E TTM	46.8	-29.4	55.5
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	DAN	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	10.5
Rev Chg Q	1.1%	7.1%
Rev Chg LTM	14.8%	6.1%
Rev Chg 3Y Avg	2.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	5.1%	18.8%
CFO/Rev LTM	3.9%	20.5%
Net Inc Mgn	0.5%	13.1%
VALUATION	HIGH
P/S	0.2	3.2
P/CFO	6.3	15.8
P/FCF	35.2	20.5
P/E	46.8	23.5
STABILITY	POOR
Debt/Equity	1.37	0.20
Cash/Assets	0.05	0.07

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Metric	Value	Date	Source
Three-year new business sales backlog	$950 million	12312023	Link

Recent
11/07/2025	Dividend	Amount: $0.10 Payment On: 11/28/2025
Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

DAN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining Dana (DAN)'s stock movement from August 31, 2025, to December 4, 2025: 1. Solid Q3 2025 Financial Results and Increased Full-Year Guidance. Dana Incorporated reported strong third-quarter 2025 financial results on October 29, 2025, which likely contributed to positive investor sentiment. The company announced sales of $1.9 billion from continuing operations and a net income of $13 million, marking a $34 million increase from the prior year. Additionally, adjusted EBITDA from continuing operations reached $162 million, and Dana raised its full-year profit guidance for 2025, signaling confidence in future performance.

2. All Regulatory Approvals Received for Off-Highway Business Sale. On November 19, 2025, Dana and Allison Transmission Holdings, Inc. announced that they had received all necessary regulatory approvals for the previously announced sale of Dana's Off-Highway business. This significant step towards completing the transaction, expected near the end of the year, is a key part of Dana's strategy to strengthen its balance sheet and focus on its core light- and commercial-vehicle markets.

3. Accelerated Cost Savings and Substantial Capital Return Program. The company demonstrated significant progress in its cost-saving initiatives, realizing $235 million to date towards a 2025 target of $310 million. These savings led to improved margins and better working capital. Concurrently, Dana continued its $1 billion capital return program, repurchasing approximately 9.5 million shares in Q3, representing about 7% of outstanding shares, and returning $189 million to shareholders. The company's CFO noted that stock buybacks were accelerated due to the view that the stock was undervalued.

4. Positive Analyst Revisions and Price Target Increases. During this period, several financial analysts provided favorable updates on Dana's stock. For example, on September 2, 2025, Royal Bank of Canada increased its price objective for Dana from $24.00 to $26.00 and issued an "outperform" rating. Similarly, JPMorgan Chase & Co. raised its target price from $26.00 to $28.00 and maintained an "overweight" rating. Such positive analyst sentiment can often drive investor interest and stock price appreciation.

5. Achievement of a New 52-Week High. Dana Incorporated's share price reached a new 52-week high of $22.36 on November 26, 2025, closing at $22.2940. This milestone reflects sustained positive momentum and market confidence in the company's strategic direction and financial performance following the aforementioned developments.

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Stock Movement Drivers

Fundamental Drivers

The 11.4% change in DAN stock from 9/3/2025 to 12/3/2025 was primarily driven by a 10.7% change in the company's Shares Outstanding (Mil).

	9032025	12032025	Change
Stock Price ($)	20.21	22.51	11.41%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10508.00	10528.00	0.19%
P/S Multiple	0.28	0.27	-0.71%
Shares Outstanding (Mil)	143.80	128.40	10.71%
Cumulative Contribution			10.13%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
DAN	11.4%
Market (SPY)	6.2%	43.8%
Sector (XLY)	3.5%	38.8%

Fundamental Drivers

The 38.4% change in DAN stock from 6/4/2025 to 12/3/2025 was primarily driven by a 23.1% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	16.27	22.51	38.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10620.00	10528.00	-0.87%
P/S Multiple	0.22	0.27	23.07%
Shares Outstanding (Mil)	145.60	128.40	11.81%
Cumulative Contribution			36.42%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
DAN	38.4%
Market (SPY)	15.1%	39.7%
Sector (XLY)	11.5%	41.9%

Fundamental Drivers

The 90.5% change in DAN stock from 12/3/2024 to 12/3/2025 was primarily driven by a 47.0% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	11.82	22.51	90.49%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9173.00	10528.00	14.77%
P/S Multiple	0.19	0.27	46.97%
Shares Outstanding (Mil)	145.00	128.40	11.45%
Cumulative Contribution			88.00%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
DAN	90.5%
Market (SPY)	14.3%	63.3%
Sector (XLY)	7.4%	61.1%

Fundamental Drivers

The 42.0% change in DAN stock from 12/4/2022 to 12/3/2025 was primarily driven by a 19.2% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	15.86	22.51	41.97%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9874.00	10528.00	6.62%
P/S Multiple	0.23	0.27	19.23%
Shares Outstanding (Mil)	143.40	128.40	10.46%
Cumulative Contribution			40.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
DAN	71.9%
Market (SPY)	53.2%	54.8%
Sector (XLY)	42.3%	53.1%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DAN Return	8%	19%	-32%	-1%	-18%	98%	42%
Peers Return	56%	8%	-36%	6%	-18%	-2%	-8%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
DAN Win Rate	50%	50%	33%	42%	42%	60%
Peers Win Rate	60%	57%	35%	47%	40%	48%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
DAN Max Drawdown	-76%	-2%	-49%	-24%	-46%	-10%
Peers Max Drawdown	-39%	-14%	-42%	-18%	-33%	-34%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BWA, LEA, DORM, LCII, LAZR. See DAN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	DAN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-59.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	145.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-76.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	328.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	261 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-66.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	197.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-98.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	6900.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	598 days	1480 days

Compare to BWA, LEA, DORM, LCII, LAZR

In The Past

Dana's stock fell -59.2% during the 2022 Inflation Shock from a high on 6/3/2021. A -59.2% loss requires a 145.1% gain to breakeven.

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Asset Allocation

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About Dana (DAN)

Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers axles, driveshafts, e-axles, electrodynamic and drivetrain components, and transmissions, as well as electric, hybrid, and ICE products for light trucks, sport and crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides axles, driveshafts, e-axles, e-transmissions, electrodynamic and drivetrain components, and electric vehicle integration services, as well as software as a service for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment offers axles, driveshafts, transmissions, planetary hub drives, e-axles and e-drives, and helical and bevel-helical gearboxes, as well as electrodynamic, hydraulic, and drivetrain components for construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary markets. The Power Technologies segment offers gaskets and sealing, cover modules, heat shields, thermal management, e-thermal management, cooling, and bipolar fuel cell plates products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Dana Inc. (DAN):

BorgWarner for vehicle axles and drivetrains.
Cummins for vehicle power transmission components.

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Axles: These are core driveline components that transfer power from the transmission to the wheels in various vehicle and machinery applications.
Driveshafts: These components transmit torque and rotational power from the transmission to the axle, connecting different parts of the powertrain.
Transmissions & Gearboxes: Dana provides systems that manage engine power and torque, delivering appropriate gear ratios for diverse vehicle and industrial applications.
Sealing Products: This category includes gaskets, seals, and heat shields essential for maintaining the integrity and performance of engines and driveline systems.
Thermal Management Products: These products, such as coolers and heat exchangers, are designed to regulate temperatures in engines, transmissions, and electrified powertrains.
Electrification Systems (e-Propulsion): Dana develops integrated systems like e-Axles, e-Gearboxes, motors, and inverters for electric and hybrid vehicle propulsion.

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AI Generated Analysis | Feedback

Dana Inc. (symbol: DAN) is a global supplier of highly engineered driveline, sealing, and thermal-management technologies for conventional, hybrid, and electric-powered vehicles. As such, Dana sells primarily to other companies (Business-to-Business or B2B), specifically to original equipment manufacturers (OEMs) in the light vehicle, commercial vehicle, and off-highway markets, as well as to the aftermarket.

Based on their public filings, Dana's major customers include the following companies:

Ford Motor Company (F)
General Motors Company (GM)
Stellantis N.V. (STLA)
Volvo Group (Nasdaq Stockholm: VOLV B)
PACCAR Inc. (PCAR)
Navistar International Corporation (a subsidiary of TRATON SE)
CNH Industrial N.V. (CNHI)
Deere & Company (DE)
Caterpillar Inc. (CAT)

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R. Bruce McDonald, Interim Chairman, President, and Chief Executive Officer

Appointed in November 2024, R. Bruce McDonald previously served as the chairman and Chief Executive Officer of Adient plc, Executive Vice President and Vice Chairman of Johnson Controls Inc, Executive Vice President and Chief Financial Officer of Johnson Controls Inc, and as Vice President for Finance at TRW Automotive. He also serves as the Chairman of Andrew Peller Ltd.

Timothy R. Kraus, Senior Vice President and Chief Financial Officer

Timothy R. Kraus has served as the Senior Vice President and Chief Financial Officer of Dana since 2021. Prior to this role, he was the Senior Vice President of finance and treasurer from 2017 to 2021, and Vice President of Finance and Treasurer from 2016 to 2017.

Christophe Dominiak, Senior Vice President and Chief Technical Officer

Christophe Dominiak serves as the Senior Vice President and Chief Technical Officer of Dana Holding Corporation.

Douglas Liedberg, Senior Vice President, General Counsel & Secretary

Douglas Liedberg serves as the Senior Vice President, General Counsel & Secretary of Dana Incorporated.

Andrea Siudara, Vice President of Digital Enterprise Transformation

Prior to joining Dana, Andrea Siudara served as Vice President of Digital Enterprise Transformation for Johnson Controls Inc., Chief Information Officer and Company Officer for Altair Engineering, Functional Chief Information Officer of the Global Data and Analytics Team at Ford Motor Co., and Chief Information Officer for the Aftermarket Division of Delphi Automotive. She has also held positions with General Motors.

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The rapid and accelerating global transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) presents a clear emerging threat to Dana. This transition impacts Dana in two primary ways:

Declining demand for traditional ICE-specific components: A significant portion of Dana's current revenue is derived from components tailored for ICE powertrains (e.g., specific driveline elements, sealing, and thermal management for combustion engines). As regulations mandate and consumer adoption shifts towards EVs, the demand for these legacy products will diminish, potentially at a faster pace than Dana's EV product portfolio can fully compensate, leading to revenue and market share erosion in their traditional segments.
- Evidence: Governments globally enacting bans or phase-outs of new ICE vehicle sales (e.g., California by 2035, EU proposals), and major automotive OEMs committing substantial capital and timelines to transition their fleets predominantly or entirely to electric by the next decade.
Intensified competition and vertical integration in the EV component market: The nascent but rapidly growing EV component market is attracting new, specialized suppliers, and many automotive OEMs are increasingly investing in developing and manufacturing critical EV components (such as e-axles, electric motors, and advanced battery thermal management systems) in-house. This increased competition and tendency towards vertical integration by OEMs could limit Dana's potential market share and profitability within the EV supply chain, even as they adapt their product offerings.
- Evidence: Companies like Tesla maintaining high levels of vertical integration for their EV powertrains; established OEMs such as General Motors and Volkswagen heavily investing in proprietary EV platform component development and manufacturing, including electric motors and power electronics, aiming to control key technologies and reduce external dependencies.

AI Generated Analysis | Feedback

Dana Inc. (DAN) operates in several key markets, providing driveline systems, electrification solutions, and power technologies. The addressable markets for these main products and services are sized globally.

Driveline Systems

Dana's driveline systems include axles, driveshafts, transmissions, and related components that enhance vehicle performance and efficiency for light vehicles, commercial vehicles, and off-highway equipment.

The global automotive drivetrain market size was estimated at USD 234.77 billion in 2024 and is projected to reach USD 339.89 billion by 2030.
Another estimate places the global automotive drivetrain market size at USD 252.16 billion in 2024, projected to grow to USD 430.37 billion by 2032.
The global automotive driveline market is also projected to grow significantly from USD 474.82 billion in 2024 to USD 1221.78 billion by 2035.
The global automotive driveline market was valued at USD 257.4 billion in 2021 and is projected to reach USD 545.8 billion by 2031.
The Driveline Market Size was valued at USD 307.66 billion in 2023 and is expected to reach USD 575.20 billion by 2032.

Electrification Solutions

Dana's electrification solutions encompass electric motors, inverters, e-propulsion systems, and complete e-axles for electric and hybrid vehicles across all segments.

The global electric propulsion systems market was valued at USD 8.25 billion in 2024 and is projected to reach USD 18.46 billion by 2033.
Another report calculates the global electric propulsion systems market size at USD 10.17 billion in 2024, expected to reach USD 20.61 billion by 2034.
The electric propulsion systems market was valued at USD 5.48 billion in 2024 and is anticipated to reach USD 20.1 billion by 2035.
The electric propulsion systems market size reached USD 8.74 billion in 2025.
Dana offers a full portfolio of electrification technologies across light vehicle, commercial vehicle, and off-highway markets globally.

Power Technologies (Sealing and Thermal Management Products)

Dana provides sealing and thermal-management products that improve efficiency and durability in engines, transmissions, and other vital systems for conventional, hybrid, and electric powertrains.

Thermal Management Products:

The global automotive thermal system market size was valued at USD 42.5 billion in 2024.
The global automotive thermal system market was valued at USD 42.8 billion in 2020 and is projected to reach USD 71.9 billion by 2030.
The global automotive thermal management market was valued at USD 106.3 billion in 2024 and is expected to reach USD 182.81 billion by 2033.
The global automotive thermal system market size reached USD 38.4 billion in 2024.

Sealing Products:

The global automotive body sealing system market size was valued at USD 10.2 billion in 2023 and is projected to reach USD 14.7 billion by 2033.
The global automotive seals and gaskets market was valued at USD 26.2 billion in 2024.
The global automotive window and exterior sealing system market size was estimated at USD 24.16 billion in 2023 and is projected to reach USD 39.57 billion by 2030.
The global automotive sealing systems market size was valued at USD 9.8 billion in 2024 and is forecasted to reach USD 15.2 billion by 2033.
The automotive gaskets and seals market size is estimated at USD 28.60 billion in 2025.

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Dana Incorporated (NYSE: DAN) is expected to drive future revenue growth over the next two to three years through several key strategies:

Strategic Shift to High-Growth On-Highway and e-Mobility Markets: Dana is undergoing a significant strategic pivot by divesting its Off-Highway division to focus on the higher-margin on-highway markets, including light vehicles, SUVs, and commercial vehicles. This move allows the company to redirect resources toward growth opportunities in these core segments. A crucial component of this strategy is the emphasis on electrification (e-Mobility), where Dana's expertise in electrodynamic systems positions it to capture premium margins as automakers transition to hybrid and electric vehicles. The company is investing in advanced electrification and energy-management solutions.
New Product Development and Innovation in Electrification: Dana is continuously launching new products, particularly in the e-Mobility sector, which are integral to future revenue growth. For example, the Dana TM4 SUMO® MD electric drive system is an integrated motor/inverter package supporting architectures up to 800 volts for commercial vehicles, bus platforms, and off-highway applications. This focus on innovation and sustainable solutions across its product lines, including advanced drivetrain components, is central to delivering value.
Aftermarket Business Expansion and Digitalization: The company is expanding its aftermarket product range under its Victor Reinz®, Glaser®, and Spicer® brands. A key aspect of this expansion involves leveraging digital channels, such as e-commerce platforms and the new Dana Secure Mobile App, to enhance customer experience, improve operational efficiency, and verify product authenticity. This omnichannel approach aims to improve working capital efficiency and reduce capital spending.
Realization of Strong Sales Backlog: As of early 2024, Dana reported a record three-year sales backlog of $950 million, which is anticipated to be a significant driver of sales growth over the coming years. This backlog provides a clear pipeline for future revenue generation.

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Share Repurchases

Dana repurchased approximately $189 million of shares in the third quarter of 2025 and targets total repurchases of $600 million for the full year 2025.
The company completed a buyback announced on June 11, 2025, repurchasing 24,107,283 shares for $434.71 million.
Dana authorized a new $1 billion capital return program through 2027, with $550 million expected to be returned to shareholders at or before the closing of the Off-Highway business sale.

Share Issuance

As of December 31, 2024, Dana had 145,831,417 shares of common stock issued and 144,993,614 shares outstanding.

Inbound Investments

Hydro-Québec contributed cash to Dana TM4, with $22 million in 2023, $51 million in 2022, and $14 million in 2021.

Outbound Investments

Dana announced a definitive agreement to sell its Off-Highway business for $2.7 billion, with the transaction expected to close in late fourth quarter of 2025. This divestiture aims to streamline the company's focus on light- and commercial-vehicle customers.
In the first quarter of 2024, Dana agreed to sell its European Off-Highway non-core hydraulics business for approximately $40 million.
In 2021, Dana sold a portion of its ownership interest in Tai Ya Investment (HK) Co., Limited to China Motor Corporation, reducing its stake to 50% and resulting in a loss of controlling financial interest.

Capital Expenditures

Dana reported free cash flow of $70 million for 2024, an increase of $95 million over 2023, which was partly attributed to lower capital spending.
The company's 2025 outlook anticipates accelerating cost savings and lower capital expenditures.
Reduced capital expenditures are expected to position Dana for continued profit and cash flow improvements into 2025.

Better Bets than Dana (DAN)

	DAN	Better Performance than DAN
Metric	Value	INDUSTRY: Automotive Parts & Equipment
Rev Chg LTM	14.8%	HYLN (3559.4%), SMP (24.0%), MVST (20.8%), CAAS (17.1%), SLDP (14.8%)
Rev Chg 3Y Avg	2.9%	BWA (7.8%), APTV (7.7%), ALV (7.4%), MBLY (6.1%), MGA (4.0%)
Op Mgn LTM	5.1%	ALSN (30.8%), MOD (11.7%), ALV (10.6%), APTV (10.6%), BWA (9.3%)
CFO/Rev LTM	3.9%	MBLY (35.8%), BWA (12.1%), APTV (11.8%), ALV (9.7%), MGA (8.4%)
FCF/Rev LTM	0.7%	MBLY (32.4%), BWA (8.9%), APTV (8.4%), ALV (5.4%), MGA (4.9%)
Total Yield	4.4%	MGA (11.8%), LEA (11.4%), ALV (10.4%), ALSN (10.1%), APTV (5.4%)
P/S	0.2	ADNT (0.1), AXL (0.1), LEA (0.2), CPS (0.2), SRI (0.2)
P/Op Inc	4.8	CAAS (2.7), AXL (2.8), MPAA (3.4), ADNT (3.7), HLLY (4.3)

	DAN	Better Performance than DAN
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	14.8%	CVNA (45.5%), MELI (36.9%), DASH (24.5%), CPNG (16.6%), GRMN (16.6%)
Rev Chg 3Y Avg	2.9%	BKNG (17.8%), AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%)
Op Mgn LTM	5.1%	MCD (46.1%), HD (13.1%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	3.9%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.8%), TJX (10.2%)
FCF/Rev LTM	0.7%	MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%), AMZN (2.0%)
Total Yield	4.4%	LOW (7.6%), HD (6.5%), MCD (6.2%), SBUX (5.1%), TJX (4.9%)
P/S	0.2	KSS (0.1), M (0.1), LAD (0.2), LEA (0.2), VSCO (0.2)
P/Op Inc	4.8	KSS (1.8), CZR (2.7), M (3.7), CROX (4.6), ABG (4.7)

	DAN	Better Performance than DAN
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	14.8%	NVDA (71.6%), LLY (36.8%), AVGO (28.0%), META (21.3%), MSFT (15.6%)
Rev Chg 3Y Avg	2.9%	NVDA (92.0%), AVGO (24.0%), META (17.3%), MSFT (13.2%), GOOGL (11.0%)
Op Mgn LTM	5.1%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	3.9%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	0.7%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	4.4%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%)
P/S	0.2	CNC (0.1), CAH (0.2), COR (0.2), SNX (0.2), CVS (0.2)
P/Op Inc	4.8	CHTR (2.8), IBKR (3.6), RCI (3.8), BCE (4.0), EIX (4.1)

		Best Bets In Consumer Discretionary Sector
	DAN
What You Pay
P/E	46.8
P/EBIT	5.8
What You Get
Rev Chg Q	1.1%
Rev Chg LTM	14.8%
Rev Chg 3Y Avg	2.9%
FCF/Rev 3Y Avg	0.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Dana Earnings Notes
2	Can Dana Stock Hold Up When Markets Turn?	Return
3	DAN Jumps 5.9% In A Day: How Does It Stack Against Peers?
4	Better Bet Than DAN Stock: Pay Less Than Dana To Get More From ALSN	Actionable
5	Dana (DAN) Operating Cash Flow Comparison	Financials
6	Dana (DAN) Operating Income Comparison	Financials
7	Dana (DAN) EBITDA Comparison	Financials
8	Dana (DAN) Net Income Comparison	Financials
9	Dana (DAN) Debt Comparison	Financials
10	Dana (DAN) Revenue Comparison	Financials
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High		December 4th, 2025
13	Small Cap Stocks Trading At 52-Week High		August 26th, 2025
14	DAN Shares Rally 5.9% In A Day: How Does the Competition Measure Up?		August 22nd, 2025
15	Better Bet Than Dana Stock: Pay Less To Get More From ALSN		August 14th, 2025

	Title
0	DASHBOARDS
1	Dana Earnings Notes
2	Can Dana Stock Hold Up When Markets Turn?
3	DAN Jumps 5.9% In A Day: How Does It Stack Against Peers?
4	Better Bet Than DAN Stock: Pay Less Than Dana To Get More From ALSN
5	Dana (DAN) Operating Cash Flow Comparison
6	Dana (DAN) Operating Income Comparison
7	Dana (DAN) EBITDA Comparison
8	Dana (DAN) Net Income Comparison
9	Dana (DAN) Debt Comparison
10	Dana (DAN) Revenue Comparison
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High
13	Small Cap Stocks Trading At 52-Week High
14	DAN Shares Rally 5.9% In A Day: How Does the Competition Measure Up?
15	Better Bet Than Dana Stock: Pay Less To Get More From ALSN

Trade Ideas

Select past ideas related to DAN. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
DAN_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	DAN	Dana	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	57.9%	212.8%	-12.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
DAN_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	DAN	Dana	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	57.9%	212.8%	-12.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Dana

Peers to compare with:

Financials

	DAN	BWA	LEA	DORM	LCII	LAZR	Median
Name	Dana	BorgWarn.	Lear	Dorman P.	LCI Indu.	Luminar .
Mkt Price	22.51	43.21	109.29	128.90	114.55	0.88	76.25
Mkt Cap	2.9	9.2	5.8	3.9	2.8	0.0	3.4
Rev LTM	10,528	14,183	22,985	2,126	3,992	72	7,260
Op Inc LTM	533	1,317	832	355	261	-282	444
FCF LTM	73	1,261	735	105	310	-219	208
FCF 3Y Avg	67	816	591	132	366	-260	249
CFO LTM	408	1,711	1,294	143	359	-216	383
CFO 3Y Avg	458	1,479	1,173	175	422	-248	440

Growth & Margins

	DAN	BWA	LEA	DORM	LCII	LAZR	Median
Name	Dana	BorgWarn.	Lear	Dorman P.	LCI Indu.	Luminar .
Rev Chg LTM	14.8%	0.1%	-20.8%	7.9%	5.7%	-5.2%	2.9%
Rev Chg 3Y Avg	2.9%	7.8%	6.0%	9.5%	-8.8%	27.3%	6.9%
Rev Chg Q	1.1%	4.1%	1.7%	7.9%	13.2%	-5.0%	2.9%
QoQ Delta Rev Chg LTM	0.2%	1.0%	0.4%	1.9%	3.1%	-1.1%	0.7%
Op Mgn LTM	5.1%	9.3%	3.6%	16.7%	6.5%	-388.8%	5.8%
Op Mgn 3Y Avg	3.5%	9.1%	3.7%	13.3%	4.8%	-682.0%	4.3%
QoQ Delta Op Mgn LTM	0.6%	0.1%	-0.1%	0.9%	0.4%	109.1%	0.5%
CFO/Rev LTM	3.9%	12.1%	5.6%	6.7%	9.0%	-297.5%	6.2%
CFO/Rev 3Y Avg	4.5%	10.5%	4.8%	8.7%	10.9%	-375.4%	6.8%
FCF/Rev LTM	0.7%	8.9%	3.2%	5.0%	7.8%	-302.6%	4.1%
FCF/Rev 3Y Avg	0.7%	5.8%	2.4%	6.6%	9.5%	-395.7%	4.1%

Valuation

	DAN	BWA	LEA	DORM	LCII	LAZR	Median
Name	Dana	BorgWarn.	Lear	Dorman P.	LCI Indu.	Luminar .
Mkt Cap	2.9	9.2	5.8	3.9	2.8	0.0	3.4
P/S	0.2	0.7	0.2	2.2	0.6	1.9	0.6
P/EBIT	5.8	17.1	6.9	13.2	8.4	-1.9	7.6
P/E	46.8	70.1	12.1	19.3	12.7	-1.2	16.0
P/CFO	6.3	5.5	4.1	33.2	6.3	-0.7	5.9
Total Yield	4.4%	2.1%	11.4%	5.2%	9.2%	-85.5%	4.8%
Dividend Yield	2.2%	0.6%	3.1%	0.0%	1.3%	0.0%	1.0%
FCF Yield 3Y Avg	3.5%	9.2%	9.5%	4.0%	13.2%	-69.1%	6.6%
D/E	1.4	0.4	0.5	0.1	0.5	3.2	0.5
Net D/E	1.2	0.2	0.3	0.1	0.4	2.4	0.4

Returns

	DAN	BWA	LEA	DORM	LCII	LAZR	Median
Name	Dana	BorgWarn.	Lear	Dorman P.	LCI Indu.	Luminar .
1M Rtn	9.3%	-1.0%	1.0%	-3.5%	8.2%	-35.4%	-0.0%
3M Rtn	11.4%	0.9%	0.8%	-18.8%	12.3%	-46.8%	0.8%
6M Rtn	38.4%	35.8%	25.8%	1.3%	32.2%	-74.4%	29.0%
12M Rtn	90.5%	29.6%	13.7%	-6.9%	1.4%	-89.0%	7.6%
3Y Rtn	42.0%	19.8%	-14.7%	39.4%	22.4%	-99.3%	21.1%
1M Excs Rtn	9.3%	-1.0%	1.0%	-3.5%	8.2%	-35.4%	0.0%
3M Excs Rtn	4.1%	-6.4%	-6.3%	-26.0%	4.1%	-53.4%	-6.4%
6M Excs Rtn	23.6%	21.1%	11.1%	-13.5%	17.5%	-89.1%	14.3%
12M Excs Rtn	116.9%	14.7%	1.7%	-21.5%	-14.3%	-103.7%	-6.3%
3Y Excs Rtn	-31.6%	-49.1%	-88.4%	-25.2%	-41.5%	-172.0%	-45.3%

Comparison Analyses

	Title
0	Dana vs. BorgWarner: With Return Forecast Of 19%, Dana Is A Better Bet
1	LEA Looks Stronger Than DAN With 18% Return Potential
2	ADNT Looks Stronger Than DAN With 6.1% Return Potential
3	Why GNTX With 29% Upside May Beat DAN?
4	Dana vs. National Vision Holdings: With Return Forecast Of 34%-37%, Both Seem Like Good Bets
5	Dana vs. Badger Meter: With Return Forecast Of 34%, Dana Is A Better Bet
6	Dana vs. ViaSat: With Return Forecast Of 34%-38%, Both Seem Like Good Bets
7	Dana vs. Veeva Systems: With Return Forecast Of 87%, Veeva Systems Is A Better Bet
8	Dana vs. Autodesk: With Return Forecast Of 21%, Autodesk Is A Better Bet
9	Dana vs. Analog Devices: With Return Forecast Of 6.4%, Dana Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/31/2025	2/20/2025	2/20/2024	2/21/2023	2/23/2022	2/18/2021	2/14/2020
Key Financials
Total Revenue	10,528	10,284	10,555	10,156	8,945	7,106	8,620
EBITDA	866	663	748	485	764	490	632
Operating Income	533	350	354	262	353	201	367
Net Income	55	-57	38	-242	197	-31	226
EPS	0.46	-0.39	0.26	-1.69	1.36	-0.21	1.57
Growth Rates
Total Revenue Growth	14.8%	-2.6%	3.9%	13.5%	25.9%	-17.6%	5.9%
EBITDA Growth	93.3%	-11.4%	54.2%	-36.5%	55.9%	-22.5%	-26.5%
Operating Income Growth	248.4%	-1.1%	35.1%	-25.8%	75.6%	-45.2%	-44.6%
Net Income Growth	443.8%	-250.0%	115.7%	-222.8%	735.5%	-113.7%	-47.1%
Margins
EBITDA Margin	8.2%	6.4%	7.1%	4.8%	8.5%	6.9%	7.3%
Operating Income Margin	5.1%	3.4%	3.4%	2.6%	3.9%	2.8%	4.3%
Net Income Margin	0.5%	-0.6%	0.4%	-2.4%	2.2%	-0.4%	2.6%
Cash & Debt
Total Cash	414	494	529	425	285	580	527
Total Debt	3,532	2,913	2,981	2,721	2,669	2,651	2,552
Net Debt / (Cash)	3,118	2,419	2,452	2,296	2,384	2,071	2,025
Cash Flows
Net Cash from Operations	408	450	476	649	158	386	637
Free Cash from Operations	73	70	-25	209	-211	60	211
Returns to Shareholders
Dividends	57	58	58	58	58	15	58
Share Repurchases	182	-0	-0	25	23	-0	25

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/31/2025	8/11/2025	4/30/2025	2/20/2025	10/30/2024	7/31/2024	4/30/2024	2/20/2024	10/27/2023	7/28/2023	4/28/2023	2/21/2023
Key Financials Quarterly
Total Revenue	1,917	1,935	2,352	4,324	1,897	2,047	2,735	2,494	2,669	2,748	2,644	2,555
Ebitda	145	95	176	450	83	59	180	126	203	228	191	168
Operating Income	78	39	87	329	14	10	103	26	111	130	87	63
Net Income	83	27	25	-80	4	16	3	-39	19	30	28	-179
EPS	0.65	0.19	0.17	-0.55	0.03	0.11	0.02	-0.27	0.13	0.21	0.19	-1.25
Key Financials TTM
Total Revenue TTM	10,528	10,508	10,620	11,003	9,173	9,945	10,646	10,555	10,616	10,482	10,320	10,156
Ebitda TTM	866	804	768	772	448	568	737	748	790	582	511	485
Operating Income TTM	533	469	440	456	153	250	370	354	391	366	286	262
Net Income TTM	55	-24	-35	-57	-16	-1	13	38	-102	-209	-231	-242
Growth Rates Quarterly
Total Revenue Growth	1.1%	-5.5%	-14.0%	73.4%	-28.9%	-25.5%	3.4%	-2.4%	5.3%	6.3%	6.6%	12.4%
EBITDA Growth	74.7%	61.0%	-2.2%	257.1%	-59.1%	-74.1%	-5.8%	-25.0%	4160.0%	45.2%	15.8%	-5.1%
Operating Income Growth	457.1%	290.0%	-15.5%	1165.4%	-87.4%	-92.3%	18.4%	-58.7%	29.1%	160.0%	38.1%	2000.0%
Net Income Growth	1975.0%	68.8%	733.3%	-105.1%	-78.9%	-46.7%	-89.3%	78.2%	121.6%	275.0%	64.7%	-816.0%
Margins Quarterly
EBITDA Margin	7.6%	4.9%	7.5%	10.4%	4.4%	2.9%	6.6%	5.1%	7.6%	8.3%	7.2%	6.6%
Operating Income Margin	4.1%	2.0%	3.7%	7.6%	0.7%	0.5%	3.8%	1.0%	4.2%	4.7%	3.3%	2.5%
Net Income Margin	4.3%	1.4%	1.1%	-1.9%	0.2%	0.8%	0.1%	-1.6%	0.7%	1.1%	1.1%	-7.0%
Cash & Debt
Total Cash	414	486	507	494	419	419	351	529	421	484	401	425
Total Debt	3,532	3,401	3,081	2,913	2,985	2,920	2,939	2,981	2,956	2,976	2,998	2,721
Net Debt / (Cash)	3,118	2,915	2,574	2,419	2,566	2,501	2,588	2,452	2,535	2,492	2,597	2,296
Cash Flows Quarterly
FCF from Operations	111	32	-37	302	35	215	-102	278	112	256	-170	342
Cash Flows TTM
FCF from Operations TTM	408	332	515	450	426	503	544	476	540	599	600	649
Returns to Shareholders Quarterly
Dividends	13	14	15	15	14	14	15	15	14	14	15	15
Share Repurchases	182	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	8.0%	4.0%	7.3%	14.3%	0.8%	1.1%	10.8%	2.8%	4.7%	5.3%	4.5%	7.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.1%	3.6%	2.2%	0.4%	4.1%	6.8%	1.6%	3.1%	10.4%	9.7%	7.4%	7.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Light Vehicle	4,225	4,256	3,939	3,142	3,733
Off-Highway	3,246	3,010	2,660	2,014	2,377
Commercial Vehicle	2,216	2,089	1,632	1,255	1,711
Power Technologies	1,268	1,169	1,070	936	1,063
Elimination of inter-segment sales	-400
Eliminations and other		-368	-356	-241	-264
Total	10,555	10,156	8,945	7,106	8,620

Price Behavior

Price Behavior

Market Price	$22.51
Market Cap ($ Bil)	2.9
First Trading Date	01/02/2008
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$20.29	$17.11
DMA Trend	up	up
Distance from DMA	10.9%	31.6%
	3M	1YR
Volatility	35.1%	47.0%
Downside Capture	153.41	111.40
Upside Capture	160.92	160.47
Correlation (SPY)	43.8%	62.7%

DAN Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.80	1.27	1.26	1.25	1.51	1.61
Up Beta	1.36	0.20	0.75	1.62	1.40	1.49
Down Beta	0.93	0.93	0.84	0.86	1.77	1.64
Up Capture	288%	219%	179%	161%	297%	502%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	21	30	60	133	388
Down Capture	159%	138%	144%	106%	107%	110%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	20	32	64	114	355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of DAN With Other Asset Classes (Last 1Y)
	DAN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	127.8%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	49.0%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	1.83	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		58.9%	60.5%	-2.0%	25.1%	45.7%	27.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of DAN With Other Asset Classes (Last 5Y)
	DAN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.1%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	47.5%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.31	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		56.7%	58.3%	7.2%	18.1%	47.5%	23.8%

Based On 10-Year Data

		Comparison of DAN With Other Asset Classes (Last 10Y)
	DAN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.6%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	49.8%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.31	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		60.9%	61.4%	1.5%	28.7%	50.0%	18.5%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,299,290
Short Interest: % Change Since 10312025	23.7%
Average Daily Volume	1,785,485
Days-to-Cover Short Interest	2.97
Basic Shares Quantity	128,400,000
Short % of Basic Shares	4.1%

Returns Analyses

	Title
0	Can Dana Stock Hold Up When Markets Turn?
1	Dana Stock Return Comparison
2	[10/13/2021] Dana (DAN) Stock Price Forecast: AI Forecasts DAN Stock Price To Be Around $24.60 In A Month (Up 1.5%)
3	Dana Total Shareholder Return (TSR): -31.9% in 2022 and -4.4% 3-yr returns (below peer average)
4	Dana (DAN) Stock Return: AI Predicts DAN Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10312025	10-Q 9/30/2025
6302025	8112025	10-Q 6/30/2025
3312025	4302025	10-Q 3/31/2025
12312024	2202025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7312024	10-Q 6/30/2024
3312024	4302024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	10272023	10-Q 9/30/2023
6302023	7282023	10-Q 6/30/2023
3312023	4282023	10-Q 3/31/2023
12312022	2212023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Dana (DAN)

Market Price (12/4/2025): $22.51 | Market Cap: $2.9 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Dana (DAN)

Market Price (12/4/2025): $22.51Market Cap: $2.9 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment

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DAN Stock

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About Dana (DAN)

Driveline Systems

Electrification Solutions

Power Technologies (Sealing and Thermal Management Products)

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Market Price (12/4/2025): $22.51 | Market Cap: $2.9 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Market Price (12/4/2025): $22.51
Market Cap: $2.9 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment