Start here if you're new
what it is
Dana makes the parts that move vehicles and keep them cool, sealed, and connected to the road.
how it gets paid
Last year Dana Incorporated made $7.5B in revenue. Light Vehicle was the main engine at $3.08B, or 41% of sales.
why it's growing
Revenue grew 301.7% last year. Quarterly sales rose 5% vs. prior year to about $1.9B.
what just happened
Dana posted $1.9B in quarterly revenue and $0.37 EPS, beating the $0.15 estimate by 146.67%.
At a glance
B+ balance sheet — decent shape, but not bulletproof
40/100 earnings predictability — expect surprises
48.4x trailing p/e — you're paying up for this one
1.4% dividend yield — cash in your pocket every quarter
14.0% return on capital — nothing to write home about
xvary composite: 54/100 — below average
What they do
Dana makes the parts that move vehicles and keep them cool, sealed, and connected to the road.
Dana wins by being buried deep inside your vehicle's guts. It runs 83 manufacturing and assembly plants across 30 countries, which makes it hard for automakers to swap suppliers without redesign work, factory headaches, and delays. That scale helps Dana serve light vehicles, trucks, and industrial equipment instead of betting your money on one end market.
How they make money
$7.5B
annual revenue · their business grew +301.7% last year
Light Vehicle
$3.08B
Off-Highway
$2.03B
Commercial Vehicle
$1.50B
Power Technologies
$0.90B
The products that matter
drivetrain systems for automakers
Light Vehicle
$3.1B · 41% of sales
it is the largest business at $3.1B. After the Off-Highway sale, this becomes even more central. If car production slips, you feel it quickly.
41% of sales
parts for trucks and fleets
Commercial Vehicle
$1.5B · 20% of sales
this $1.5B segment gives you truck exposure. In plain English: fleet replacement cycles and freight activity still show up directly in your numbers.
20% of sales
powertrain and related systems
Power Technologies
$900M · 12% of sales
at $900M, this is small enough to be overlooked and large enough to matter. When your net margin is 3.8%, smaller units still move the earnings line.
12% of sales
Key numbers
48.4x
trailing p/e
P/E → how many dollars you pay for one dollar of profit → so what: Dana is priced like a cleaner story than its 4.3% net margin suggests.
$2.6B
long-term debt
Debt → money the company owes → so what: leverage equals 38% of capital, which matters when your end markets are cyclical.
11.5%
operating margin
Operating margin → profit after running the business → so what: the turnaround argument depends on keeping this well above the 4.3% net margin.
$2.80
2027 eps est.
EPS estimate → expected profit per share → so what: even if Dana hits this, today's price is still about 12.4x that future number.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $2.6B (38% of capital)
- net profit margin 4.3% — keeps 4 cents of every dollar in revenue
- return on equity 25% — $0.25 profit for every $1 investors have put in
B+ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in DAN 3 years ago → it's now worth $24,090.
The index would have given you $13,880.
source: institutional data · total return
What just happened
beat estimates
Dana posted $1.9B in quarterly revenue and $0.37 EPS, beating the $0.15 estimate by 146.67%.
Quarterly sales rose 5% vs. prior year to about $1.9B, and management said 2025 closed better than expected. The quarter beat because revenue came in about $100M above the published estimate and EPS landed at the top of the 2025 quarterly range.
$1.9B
revenue
$0.37
eps
n/a
n/a
the number that mattered
The key number was the 146.67% EPS beat versus the $0.15 estimate, because Dana needs proof that margin repair is real, not just promised.
-
dana incorporated has completed the sale of its off-highway business to allison transmission holdings.the transaction, valued at $2.7 billion, allows the company to become more focused on its core lightand commercial-vehicle businesses. the move also strengthens the balance sheet, as the proceeds will allow dana to reduce its debt load.
-
additionally, dana plans to use the funds to continue to repurchase shares.in other news, the board of directors announced that byron foster will become ceo, effective july 1, 2026, replacing bruce mcdonald, who will remain as chairman.
-
dana closed out 2025 with better-than-expected results.
-
sales of $1.867 billion were $100 million higher than our estimate.
-
excluding the discontinued operations of the off-highway business, sales increased 5% compared to the previous-year tally.the advance was largely due to favorable foreign exchange rates and customer cost recoveries from tariffs.
source: company earnings report, 2026
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What could go wrong
the main risk is simple: after selling Off-Highway, Dana has fewer ways to offset a slowdown in vehicle production. That matters more when you are working with a 3.8% net margin and $2.6B of long-term debt.
med
auto build rates roll over
after the sale, Dana leans harder on Light Vehicle at $3.1B of sales and Commercial Vehicle at $1.5B. If OEM production slows, the remaining portfolio has fewer places to hide.
those two segments account for $4.6B of revenue, or 61% of the current business.
med
the cash cleanup disappoints
the bull case assumes the $2.7B sale materially reduces debt. If the balance sheet still looks crowded after proceeds are deployed, the story gets smaller without getting much safer.
Dana had $2.6B of long-term debt equal to 38% of capital before the reset fully plays through.
med
margins stay thin
a 3.8% net margin leaves little room for cost overruns, pricing pressure, or mix problems. One weak quarter does not need to be dramatic to matter.
on $7.5B of revenue, each margin point is worth a lot. Dana only keeps about four cents of each dollar today.
med
the leadership reset takes longer than the stock allows
a new CEO arrives on july 1, 2026, just after the portfolio reset. If strategy, spending priorities, or operating discipline drift, the market loses patience fast.
the shares are already above the $29 analyst midpoint target at $34.84. That leaves less room for a slow handoff.
the quiet part loud: a $7.5B supplier with a 3.8% net margin and $2.6B of long-term debt does not get many bad quarters, even after a $2.7B asset sale.
source: institutional data · regulatory filings · risk analysis
Pay attention to
capital allocation
what management does with the $2.7B
debt reduction should show up quickly. If the cash mostly disappears into charges and cleanup without a meaningfully better balance sheet, the reset loses credibility.
metric
sales in the remaining business
watch whether the core can hold around the current $7.5B base. If revenue falls while the company gets smaller on purpose, the multiple argument gets weaker fast.
risk
margin durability
3.8% net margin is the line to respect. If it stays thin or moves lower, the post-sale story starts to look cosmetic instead of economic.
trend
light and commercial vehicle demand
those businesses add up to $4.6B of revenue. If build rates weaken, Dana now has more concentration exactly where the cycle bites first.
Analyst rankings
short-term outlook
average
momentum score 3. in human-speak, analysts think the stock has already digested a lot of the easy good news.
risk profile
average
stability score 3. This sits near the middle of the market on risk — not especially safe, not especially chaotic.
chart momentum
below average
technical score 4. The chart says upside gets harder once expectations catch up to the story.
earnings predictability
40 / 100
earnings predictability at 40/100 means the quarter-to-quarter line can wobble. If you own it, expect noise.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 92 buyers vs. 116 sellers in 4q2025. total institutional holdings: 0.1B shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$12
$46
$35
current price
$29
target midpoint · 17% from current · 3-5yr high: $50 (+45% · 11% ann'l return)
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