Tearsheet

Dana (DAN)

Market Price (12/27/2025): $23.885 | Market Cap: $3.1 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Dana (DAN)

Market Price (12/27/2025): $23.885
Market Cap: $3.1 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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 102%
1	Low stock price volatility Vol 12M is 47%	Weak multi-year price returns 3Y Excs Rtn is -11%	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 56x
2	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Future of Freight. Themes include EV Manufacturing, Show more.		Stock price has recently run up significantly 12M Rtn12 month market price return is 107%
3			Key risks DAN key risks include [1] navigating the costly technological shift to electric vehicles and [2] its significant debt load and a history of negative free cash flow.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
1	Low stock price volatility Vol 12M is 47%
2	Megatrend and thematic drivers Megatrends include Electric Vehicles & Autonomous Driving, Hydrogen Economy, and Future of Freight. Themes include EV Manufacturing, Show more.
3	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4	Weak multi-year price returns 3Y Excs Rtn is -11%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 102%
6	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 56x
7	Stock price has recently run up significantly 12M Rtn12 month market price return is 107%
8	Key risks DAN key risks include [1] navigating the costly technological shift to electric vehicles and [2] its significant debt load and a history of negative free cash flow.

Valuation, Metrics & Events

	12/27/25	2024	2023	2022	2021
Share Price CYE	$23.89	$11.29	$13.76	$13.86	$20.29
Market Cap CYE ($ Bil)	3.1	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)	6.2	4.5	5.0	4.7	5.6
Valuation Ratios
P/S TTM	0.3	0.2	0.2	0.2	0.4
P/EBIT TTM	7.0	7.0	6.4	22.4	8.8
P/E TTM	55.8	-29.4	55.5	-9.0	16.8
P/FCF TTM	42.0	24.0	-84.4	10.4	-15.7
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.7	8.3	7.8	6.4	8.4
P/E TTM (Sector)	10.4	11.1	10.3	8.4	10.7
P/FCF TTM (Sector)	11.3	12.4	9.6	7.3	10.4

	12/27/25	2024	2023
Share Price CYE	$23.89	$11.29	$13.76
Market Cap CYE ($ Bil)	3.1	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)	6.2	4.5	5.0
Valuation Ratios
P/S TTM	0.3	0.2	0.2
P/EBIT TTM	7.0	7.0	6.4
P/E TTM	55.8	-29.4	55.5
P/FCF TTM	42.0	24.0	-84.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.8
P/E TTM (Sector)	10.4	11.1	10.3
P/FCF TTM (Sector)	11.3	12.4	9.6

	DAN	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	10.5
Rev Chg Q	1.1%	7.3%
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%	20.4%
Net Inc Mgn	0.5%	13.1%
VALUATION	HIGH
P/S	0.3	3.3
P/CFO	7.5	15.8
P/FCF	42.0	20.7
P/E	55.8	23.5
STABILITY	POOR
Debt/Equity	1.15	0.21
Cash/Assets	0.05	0.07

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

Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

DAN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points explaining the stock movement for Dana (DAN) from August 31, 2025, to December 27, 2025:

1. Solid Q3 2025 Financial Results and Raised Guidance: Dana Incorporated reported strong third-quarter 2025 financial results on October 29, 2025, showing a significant increase in net income and adjusted EBITDA compared to the previous year. The company also raised its full-year 2025 profit guidance, driven by these improved financial outcomes.

2. Accelerated Cost-Savings Initiatives: Dana's aggressive $310 million cost-savings program demonstrated strong execution, realizing $73 million in the third quarter alone and $183 million year-to-date. This success in cost reduction directly contributed to higher profit expectations for 2025.

3. Progress on Off-Highway Business Divestiture: The planned sale of Dana's Off-Highway business for $2.7 billion progressed as anticipated, with most regulatory approvals secured and the transaction on track to close in late Q4 2025. This divestiture is expected to strategically streamline the company, enhance its balance sheet through debt reduction, and unlock significant shareholder value.

4. Significant Share Repurchase Program: The company actively returned capital to shareholders by repurchasing 9.5 million shares in Q3 2025, contributing to a total of 24.1 million shares bought back year-to-date.

5. Positive Analyst Sentiment and Increased Price Targets: Financial analysts maintained a generally "Moderate Buy" consensus rating for Dana. Several leading brokerage firms, including JPMorgan, Barclays, and UBS, increased their price targets for the stock during October and November 2025, reflecting growing confidence in Dana's future performance.

Stock Movement Drivers

Fundamental Drivers

The 19.8% change in DAN stock from 9/26/2025 to 12/26/2025 was primarily driven by a 10.7% change in the company's Shares Outstanding (Mil).

	9262025	12262025	Change
Stock Price ($)	19.95	23.89	19.77%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10508.00	10528.00	0.19%
P/S Multiple	0.27	0.29	6.74%
Shares Outstanding (Mil)	143.80	128.40	10.71%
Cumulative Contribution			18.40%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025

	Return	Correlation
DAN	19.8%
Market (SPY)	4.3%	41.4%
Sector (XLY)	1.8%	39.0%

Fundamental Drivers

The 40.9% change in DAN stock from 6/27/2025 to 12/26/2025 was primarily driven by a 25.4% change in the company's P/S Multiple.

	6272025	12262025	Change
Stock Price ($)	16.95	23.89	40.92%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10620.00	10528.00	-0.87%
P/S Multiple	0.23	0.29	25.36%
Shares Outstanding (Mil)	145.60	128.40	11.81%
Cumulative Contribution			38.95%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025

	Return	Correlation
DAN	40.9%
Market (SPY)	12.6%	38.8%
Sector (XLY)	11.9%	42.6%

Fundamental Drivers

The 107.1% change in DAN stock from 12/26/2024 to 12/26/2025 was primarily driven by a 59.8% change in the company's P/S Multiple.

	12262024	12262025	Change
Stock Price ($)	11.53	23.89	107.14%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9173.00	10528.00	14.77%
P/S Multiple	0.18	0.29	59.82%
Shares Outstanding (Mil)	145.00	128.40	11.45%
Cumulative Contribution			104.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025

	Return	Correlation
DAN	107.1%
Market (SPY)	15.8%	62.7%
Sector (XLY)	5.2%	60.8%

Fundamental Drivers

The 73.8% change in DAN stock from 12/27/2022 to 12/26/2025 was primarily driven by a 45.9% change in the company's P/S Multiple.

	12272022	12262025	Change
Stock Price ($)	13.75	23.89	73.77%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9874.00	10528.00	6.62%
P/S Multiple	0.20	0.29	45.92%
Shares Outstanding (Mil)	143.40	128.40	10.46%
Cumulative Contribution			71.86%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025

	Return	Correlation
DAN	70.5%
Market (SPY)	48.0%	54.7%
Sector (XLY)	37.0%	52.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DAN Return	8%	19%	-32%	-1%	-18%	109%	49%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
DAN Win Rate	50%	50%	33%	42%	42%	67%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
DAN Max Drawdown	-76%	-2%	-49%	-24%	-46%	-10%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. 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 12/26/2025 (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	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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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About Dana (DAN)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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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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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 public company Dana (DAN) faces several significant risks to its business operations and financial health. The most prominent risks include the profound technological shift in the automotive industry, intense market competition and cyclicality, and financial vulnerabilities related to its debt and cash flow.

Technological Disruption and the Transition to Electric Vehicles: The automotive industry is undergoing rapid technological change, with a significant shift toward electric, autonomous, and connected vehicles. Dana must adapt its product development and invest heavily in new technologies to remain competitive and avoid losing market opportunities and relevance in this evolving landscape. The company anticipates increased competition and the necessity of substantial research and development investment to maintain its position in the electric vehicle transition.
Intense Competition, Market Cyclicality, and Economic Fluctuations: Dana operates in a highly competitive environment with numerous industry participants vying for market share, necessitating continuous innovation and product differentiation. Furthermore, the automotive industry is inherently cyclical, and Dana's growth and profitability are vulnerable to broader market uncertainties, including economic downturns, tariff impacts, and fluctuating economic conditions that can adversely affect vehicle demand.
Financial Risks related to Debt and Free Cash Flow: Dana exhibits financial vulnerabilities, with its reported liabilities exceeding the sum of its cash and near-term receivables. As of June 2024, the company had approximately $2.20 billion in net debt. Moreover, Dana has recorded negative free cash flow over the last three years, which can make borrowing more expensive and risky and may negatively impact returns for shareholders.

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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.

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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)

INDUSTRY: Automotive Parts & Equipment

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Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

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Higher Rev Chg LTM (Value for DAN: 14.8%)

WPRT (92.7%)

Westport Fuel Systems

SMP (24.0%)

Standard Motor Products

MVST (19.8%)

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Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

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Higher Op Mgn LTM (Value for DAN: 5.1%)

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BorgWarner

Higher CFO/Rev LTM (Value for DAN: 3.9%)

MBLY (35.8%)

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BorgWarner

APTV (11.8%)

Aptiv

ALV (9.7%)

Autoliv

MGA (8.4%)

Magna International

Higher FCF/Rev LTM (Value for DAN: 0.7%)

MBLY (32.4%)

Mobileye Global

BWA (8.9%)

BorgWarner

APTV (8.4%)

Aptiv

ALV (5.4%)

Autoliv

MGA (4.9%)

Magna International

Higher Total Yield (Value for DAN: 3.7%)

ALV (10.7%)

Autoliv

MGA (10.4%)

Magna International

LEA (9.8%)

Lear

ALSN (8.5%)

Allison Transmission

APTV (6.0%)

Aptiv

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for DAN: 2.9% | 0.3x)

F (7.8% | 0.3x)

Ford Motor

LAD (11.0% | 0.2x)

Lithia Motors

LEA (6.0% | 0.3x)

Lear

GPI (13.0% | 0.2x)

Group 1 Automotive

ABG (7.5% | 0.3x)

Asbury Automotive

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

LAD (11.0% | 5.6x)

Lithia Motors

GPI (13.0% | 5.3x)

Group 1 Automotive

CROX (14.5% | 5.1x)

Crocs

ABG (7.5% | 4.6x)

Asbury Automotive

MHO (4.2% | 5.7x)

M/I Homes

Higher Rev Chg LTM (Value for DAN: 14.8%)

CVNA (45.5%)

Carvana

MELI (36.9%)

MercadoLibre

DASH (24.5%)

DoorDash

CPNG (16.6%)

Coupang

GRMN (16.6%)

Garmin

Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

BKNG (17.8%)

Booking

AMZN (11.3%)

Amazon.com

TSLA (9.3%)

Tesla

TJX (6.2%)

TJX Companies

MCD (4.2%)

McDonald's

Higher Op Mgn LTM (Value for DAN: 5.1%)

MCD (46.1%)

McDonald's

BKNG (34.5%)

Booking

HD (13.0%)

Home Depot

AMZN (11.4%)

Amazon.com

TSLA (5.1%)

Tesla

Higher CFO/Rev LTM (Value for DAN: 3.9%)

MCD (39.9%)

McDonald's

BKNG (33.2%)

Booking

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

HD (10.6%)

Home Depot

Higher FCF/Rev LTM (Value for DAN: 0.7%)

BKNG (31.9%)

Booking

MCD (28.1%)

McDonald's

HD (8.4%)

Home Depot

TSLA (7.1%)

Tesla

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for DAN: 3.7%)

LOW (6.9%)

Lowe's Companies

HD (6.8%)

Home Depot

MCD (6.1%)

McDonald's

SBUX (4.8%)

Starbucks

TJX (4.0%)

TJX Companies

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DAN: 2.9% | 0.3x)

MCK (12.6% | 0.3x)

McKesson

CVS (7.7% | 0.3x)

CVS Health

CI (13.6% | 0.3x)

Cigna

COR (10.4% | 0.2x)

Cencora

CAH (7.3% | 0.2x)

Cardinal Health

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

FI (7.5% | 5.5x)

Fiserv

IBKR (48.1% | 3.5x)

Interactive Brokers

EIX (3.1% | 4.4x)

Edison International

RCI (11.8% | 4.1x)

Rogers Communications

THC (3.1% | 5.3x)

Tenet Healthcare

Higher Rev Chg LTM (Value for DAN: 14.8%)

NVDA (65.2%)

NVIDIA

LLY (36.8%)

Eli Lilly

AVGO (23.9%)

Broadcom

META (21.3%)

Meta Platforms

MSFT (15.6%)

Microsoft

Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

NVDA (91.6%)

NVIDIA

AVGO (25.2%)

Broadcom

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for DAN: 5.1%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for DAN: 3.9%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for DAN: 0.7%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for DAN: 3.7%)

XOM (9.2%)

Exxon Mobil

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

META (3.8%)

Meta Platforms

ORCL (3.7%)

Oracle

		Best Bets In Consumer Discretionary Sector
	DAN	ABNB	BKNG	DUOL	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH
What You Pay
P/E	55.8	31.8	34.9	21.6	26.3	30.4	22.1	12.1	25.2	21.6	17.3
P/EBIT	7.0	30.9	21.0	78.7	18.1	13.4	14.7	8.9	22.2	18.8	10.2
What You Get
Rev Chg Q	1.1%	9.7%	12.7%	41.1%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%
Rev Chg LTM	14.8%	10.2%	13.0%	39.9%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%
Rev Chg 3Y Avg	2.9%	14.2%	17.8%	41.7%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%
FCF/Rev 3Y Avg	0.7%	40.2%	35.6%	30.3%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%

[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
0	DASHBOARDS
1	Dana Earnings Notes
2	Dana Earnings Notes
3	Would You Still Hold Dana Stock If It Fell 30%?	Return
4	DAN Jumps 5.9% In A Day: How Does It Stack Against Peers?
5	Better Bet Than DAN Stock: Pay Less Than Dana To Get More From ALSN	Actionable
6	Dana (DAN) Operating Cash Flow Comparison	Financials
7	Dana (DAN) Operating Income Comparison	Financials
8	Dana (DAN) EBITDA Comparison	Financials
9	Dana (DAN) Net Income Comparison	Financials
10	Dana (DAN) Debt Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select 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	13.3%	13.3%	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	5.3%	5.3%	-0.1%
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	3.4%	3.4%	-4.4%
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	19.7%	19.7%	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	1.8%	1.8%	-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

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Dana

Peers to compare with:

Financials

	DAN	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Dana	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	23.89	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	3.1	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	10,528	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	533	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	73	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	67	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	408	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	458	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	DAN	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Dana	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	14.8%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	2.9%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.8%
Rev Chg Q	1.1%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	0.2%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	5.1%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	3.5%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	0.6%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.2%
CFO/Rev LTM	3.9%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	4.5%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	0.7%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	0.7%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	DAN	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Dana	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	3.1	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.3	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	7.0	6.8	19.9	25.1	22.5	31.3	21.2
P/E	55.8	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	7.5	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	3.7%	14.1%	2.3%	5.0%	5.4%	2.8%	4.3%
Dividend Yield	1.9%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	3.5%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	1.2	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	1.0	0.3	0.6	0.2	0.0	0.0	0.3

Returns

	DAN	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Dana	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	6.3%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	19.8%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	40.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	107.1%	-27.3%	14.2%	39.2%	33.7%	6.0%	23.9%
3Y Rtn	73.8%	-3.8%	67.7%	139.0%	79.5%	113.4%	76.6%
1M Excs Rtn	4.0%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	15.5%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	28.7%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	95.4%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	9.6%
3Y Excs Rtn	-11.2%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	Dana vs. BorgWarner: With Return Forecast Of 19%, Dana Is A Better Bet
1	Why LEA With 13% Upside May Beat DAN?
2	ADNT Could Deliver 5.0% Returns And Outperform DAN
3	GNTX Looks Stronger Than DAN With 35% Return Potential
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

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

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	$23.89
Market Cap ($ Bil)	3.1
First Trading Date	01/02/2008
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$21.45	$17.77
DMA Trend	up	up
Distance from DMA	11.4%	34.5%
	3M	1YR
Volatility	37.4%	47.0%
Downside Capture	94.20	102.62
Upside Capture	162.11	160.11
Correlation (SPY)	42.1%	62.8%

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

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	112.9%	7.5%	17.8%	72.1%	8.6%	4.4%	-8.3%
Annualized Volatility	46.8%	24.3%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	1.75	0.24	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		60.8%	62.8%	-2.7%	25.9%	49.4%	30.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

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	6.4%	9.6%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	47.4%	23.8%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.30	0.36	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		56.7%	58.2%	6.9%	18.1%	47.1%	24.6%

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	8.3%	13.2%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	49.8%	21.9%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.36	0.55	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		60.8%	61.3%	1.3%	28.7%	49.9%	18.7%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	5,577,194
Short Interest: % Change Since 11302025	-7.7%
Average Daily Volume	1,833,624
Days-to-Cover Short Interest	3.04
Basic Shares Quantity	128,400,000
Short % of Basic Shares	4.3%

Returns Analyses

	Title
0	Would You Still Hold Dana Stock If It Fell 30%?
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

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	7.6%	3.0%	12.8%
8/5/2025	7.4%	16.6%	32.8%
4/30/2025	5.8%	12.5%	30.0%
1/24/2025	14.9%	25.3%	16.2%
10/30/2024	-17.3%	-20.8%	0.9%
7/31/2024	8.0%	-8.6%	-5.3%
4/30/2024	-1.5%	5.9%	8.2%
2/20/2024	-7.8%	-9.8%	-11.7%
...
SUMMARY STATS
# Positive	11	11	12
# Negative	10	10	9
Median Positive	7.4%	5.9%	14.5%
Median Negative	-7.8%	-8.9%	-10.8%
Max Positive	14.9%	25.3%	32.8%
Max Negative	-17.3%	-20.9%	-46.0%

	Forward Returns
10/29/2025	7.6%	3.0%	12.8%
8/5/2025	7.4%	16.6%	32.8%
4/30/2025	5.8%	12.5%	30.0%
1/24/2025	14.9%	25.3%	16.2%
10/30/2024	-17.3%	-20.8%	0.9%
7/31/2024	8.0%	-8.6%	-5.3%
4/30/2024	-1.5%	5.9%	8.2%
2/20/2024	-7.8%	-9.8%	-11.7%
10/27/2023	-0.7%	-9.4%	2.4%
7/28/2023	0.8%	-3.1%	-16.7%
2/21/2023	2.8%	2.0%	-10.8%
10/27/2022	11.9%	8.6%	25.6%
8/3/2022	-3.9%	-5.2%	-6.9%
2/23/2022	-9.7%	-20.9%	-19.2%
10/26/2021	-12.2%	-9.2%	-2.5%
8/5/2021	2.3%	4.8%	-1.6%
2/18/2021	-8.0%	9.2%	12.6%
10/28/2020	-2.3%	1.5%	21.4%
7/30/2020	-7.8%	-0.4%	7.7%
4/30/2020	10.2%	-3.9%	21.1%
2/13/2020	6.2%	5.3%	-46.0%
SUMMARY STATS
# Positive	11	11	12
# Negative	10	10	9
Median Positive	7.4%	5.9%	14.5%
Median Negative	-7.8%	-8.9%	-10.8%
Max Positive	14.9%	25.3%	32.8%
Max Negative	-17.3%	-20.9%	-46.0%

SEC Filings

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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

Insider Activity

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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 (12/27/2025): $23.885 | Market Cap: $3.1 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Dana (DAN)

Market Price (12/27/2025): $23.885Market Cap: $3.1 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

DAN Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Dana (DAN)

Driveline Systems

Electrification Solutions

Power Technologies (Sealing and Thermal Management Products)

Thermal Management Products:

Sealing Products:

Interactive Breakdown

Better Bets than Dana (DAN)

INDUSTRY: Automotive Parts & Equipment

Higher Rev Chg 3Y Avg | Lower P/S (Values for DAN: 2.9% | 0.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

Higher Rev Chg LTM (Value for DAN: 14.8%)

Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

Higher Op Mgn LTM (Value for DAN: 5.1%)

Higher CFO/Rev LTM (Value for DAN: 3.9%)

Higher FCF/Rev LTM (Value for DAN: 0.7%)

Higher Total Yield (Value for DAN: 3.7%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for DAN: 2.9% | 0.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

Higher Rev Chg LTM (Value for DAN: 14.8%)

Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

Higher Op Mgn LTM (Value for DAN: 5.1%)

Higher CFO/Rev LTM (Value for DAN: 3.9%)

Higher FCF/Rev LTM (Value for DAN: 0.7%)

Higher Total Yield (Value for DAN: 3.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DAN: 2.9% | 0.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DAN: 2.9% | 5.8x)

Higher Rev Chg LTM (Value for DAN: 14.8%)

Higher Rev Chg 3Y Avg (Value for DAN: 2.9%)

Higher Op Mgn LTM (Value for DAN: 5.1%)

Higher CFO/Rev LTM (Value for DAN: 3.9%)

Higher FCF/Rev LTM (Value for DAN: 0.7%)

Higher Total Yield (Value for DAN: 3.7%)

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Market Price (12/27/2025): $23.885 | Market Cap: $3.1 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Market Price (12/27/2025): $23.885
Market Cap: $3.1 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment