Logo

DAN

Dana Incorporated

DAN

Dana Incorporated • NYSE
$22.41 ▼ -0.33% (-0.07)
Market Cap $3.16 B
52w High $22.91
52w Low $9.90
Dividend Yield 0.40%
P/E 50.92
Volume 827.20K
Outstanding Shares 140.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.917B ▼ $87M ▼ $83M ▲ 4.33% ▲ $0.61 ▲ $146M ▲
Q2-2025 $1.935B ▼ $101M ▼ $27M ▲ 1.395% ▲ $0.19 ▲ $111M ▼
Q1-2025 $2.352B ▲ $132M ▼ $25M ▲ 1.063% ▲ $0.17 ▲ $176M ▲
Q4-2024 $2.335B ▼ $487M ▲ $-80M ▼ -3.426% ▼ $-0.55 ▼ $104M ▼
Q3-2024 $2.476B $138M $4M 0.162% $0.028 $206M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $414M ▼ $8.108B ▼ $6.77B ▲ $1.093B ▼
Q2-2025 $486M ▼ $8.139B ▲ $6.68B ▲ $1.204B ▼
Q1-2025 $507M ▲ $7.8B ▲ $6.165B ▲ $1.379B ▲
Q4-2024 $494M ▲ $7.485B ▼ $5.9B ▼ $1.333B ▼
Q3-2024 $419M $7.859B $6.111B $1.48B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13M ▲ $111M ▲ $-70M ▼ $-112M ▼ $-72M ▼ $62M ▲
Q2-2025 $-59M ▼ $32M ▲ $5M ▲ $-94M ▼ $-22M ▼ $3M ▲
Q1-2025 $30M ▲ $-37M ▼ $-65M ▲ $95M ▲ $11M ▼ $-112M ▼
Q4-2024 $-76M ▼ $302M ▲ $-147M ▼ $-34M ▼ $77M ▲ $149M ▲
Q3-2024 $-28M $35M $-28M $-26M $-5M $-2M

Revenue by Products

Product Q4-2019Q1-2025Q2-2025Q3-2025
Commercial Vehicle Segment
Commercial Vehicle Segment
 $340.00M ▲$600.00M ▲$600.00M ▲$560.00M ▼
Light Vehicle Segment
Light Vehicle Segment
 $0 ▲$1.22Bn ▲$1.33Bn ▲$1.35Bn ▲
OffHighway Segment
OffHighway Segment
 $550.00M ▲$610.00M ▲$0 ▼$1.92Bn ▲
Eliminations And Other
Eliminations And Other
 $-60.00M ▲$0 ▲$0 ▲$0 ▲
Light Vehicle Driveline Segment
Light Vehicle Driveline Segment
 $850.00M ▲$0 ▼$0 ▲$0 ▲
Power Technologies Segment
Power Technologies Segment
 $240.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully from early‑pandemic levels and then flattened out in the last couple of years, suggesting Dana has largely recovered its top line but is no longer in a rapid growth phase. Profitability, however, is thin and uneven. Operating income has hovered close to break‑even, and net results have swung between small profits and small losses. This points to a business that can generate sales but is very sensitive to costs, pricing pressure, and cycles in the auto and commercial vehicle markets. Any disruption in volumes or input costs can quickly push results into the red.

Balance Sheet

Balance Sheet The balance sheet is fairly stable in size, but the quality has weakened somewhat. Total assets are steady, yet shareholder equity has been drifting down, which usually reflects a mix of earnings volatility and possibly write‑downs or other adjustments. Debt levels have stayed relatively high compared with equity, indicating a leveraged capital structure. Cash on hand is adequate but not excessive, so Dana has some financial flexibility but not a large safety cushion. Overall, the company can support its operations, but the margin for error is not wide if conditions deteriorate.

Cash Flow

Cash Flow Dana’s cash generation is mixed. Operating cash flow is generally positive, showing that the core business does produce cash, but the strength of that cash flow moves up and down from year to year. The company consistently spends a meaningful amount on capital investments, which fits with a technology‑driven supplier but weighs on free cash flow. As a result, free cash flow alternates between positive and negative, depending on the year. This pattern suggests an ongoing need to balance investment in future growth with maintaining financial resilience.

Competitive Edge

Competitive Edge Dana holds a solid position as a global auto and commercial vehicle supplier with a broad product lineup that serves both conventional and electrified drivetrains. Its long relationships with major vehicle manufacturers and worldwide manufacturing footprint create switching costs and make Dana a trusted partner for large customers. The move to concentrate on on‑highway markets sharpens its focus where electrification demand is growing fastest. At the same time, the company operates in a highly competitive, price‑sensitive industry with powerful customers, so maintaining margins and winning new programs is an ongoing challenge.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Dana has built out its Spicer Electrified line of e‑axles and e‑propulsion systems, positioning itself as a systems supplier rather than just a component maker. Its strengths in thermal management through the Long brand, and partnerships like the 48‑volt collaboration with Valeo, give it specialized capabilities that are important for electric and hybrid vehicles. A sizable patent portfolio and in‑house engineering depth support this push. The key question is execution: converting these technologies into large, profitable platform wins as the industry shifts toward electrification and software‑driven drivetrains.

Summary

Dana today looks like a company caught between an old and a new world. It has recovered sales from the pandemic and is investing heavily in electrified and advanced drivetrain technologies, supported by global scale and deep customer ties. However, profitability is thin, earnings are volatile, free cash flow is uneven, and leverage is meaningful, which together limit financial flexibility. The long‑term opportunity lies in successfully scaling its electrification and thermal management offerings, while the main risks stem from intense competition, auto‑cycle swings, and the need to fund significant investment without overstretching the balance sheet.

NEWS

November 25, 2025 · 9:00 AM UTC

Dana Incorporated to Participate in UBS Global Industrials and Transportation Conference

Read more

November 19, 2025 · 6:50 AM UTC

Dana and Allison Announce All Required Regulatory Approvals Received for Off-Highway Business Transaction

Read more

November 14, 2025 · 2:00 PM UTC

Dana Incorporated to Participate in Barclays 16th Annual Global Automotive and Mobility Tech Conference

Read more

October 29, 2025 · 6:59 AM UTC

Dana Incorporated Reports Solid 2025 Third-quarter Financial Results; Raises 2025 Full-year Profit Guidance

Read more

October 27, 2025 · 12:00 PM UTC

Dana Incorporated to Participate in Gabelli 49th Annual Automotive Symposium

Read more