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Auto parts · Consumer Cyclical · Fiscal year ends Dec 31
DANA reported revenue of $7.5B in the fiscal year ended Dec 2025, down 3.0% from the year before. Operating income was $139M, an operating margin of 1.9%, and net income was $85M. Operating cash flow of $512M less capital expenditure of $214M left free cash flow of $298M. Net debt was $2.7B.
Ranks among the 17 auto parts companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 8,945 | 10,156 | 7,613 | 7,734 | 7,500 |
| Cost of revenue | 8,108 | 9,393 | 7,236 | 7,356 | 6,898 |
| Gross profit | 837 | 763 | 377 | 378 | 602 |
| Research & development | 178 | 201 | 196 | 184 | 105 |
| Selling, general & admin | 460 | 495 | 440 | 429 | 387 |
| Operating incomederived: pre-tax income + interest | 395 | 86.0 | −108 | −176 | 139 |
| Interest expense | 131 | 128 | 152 | 158 | 181 |
| Pre-tax income | 244 | −31.0 | −246 | −321 | −32.0 |
| Income tax | 72.0 | 284 | 7.0 | 31.0 | 53.0 |
| Net income | 197 | −242 | 38.0 | −57.0 | 85.0 |
| Diluted EPS | 1.35 | −1.69 | 0.26 | −0.39 | 0.64 |
| Diluted shares | 146 | 144 | 144 | 145 | 134 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 268 | 425 | 529 | 494 | 469 |
| Receivables | 1,321 | 1,374 | 1,371 | 890 | 987 |
| Inventory | 1,564 | 1,609 | 1,676 | 1,047 | 1,015 |
| Current assets | 3,586 | 3,829 | 4,103 | 3,704 | 3,868 |
| Net PP&E | 2,199 | 2,193 | 1,899 | 1,830 | 1,872 |
| Goodwill | 482 | 259 | 263 | 250 | – |
| Total assets | 7,632 | 7,449 | 7,948 | 7,486 | 7,808 |
| Payables | 1,571 | 1,838 | 1,198 | 1,120 | 1,154 |
| Deferred revenue | 34.0 | 48.0 | 50.0 | 6.0 | 25.0 |
| Current liabilities | 2,174 | 2,479 | 2,602 | 2,561 | 3,308 |
| Short-term debt | 23.0 | 52.0 | 22.0 | 8.0 | 615 |
| Long-term debt | 2,386 | 2,348 | 2,598 | 2,387 | 2,566 |
| Total liabilities | 5,459 | 5,651 | 6,137 | 5,901 | 6,909 |
| Shareholders' equity | 1,922 | 1,551 | 1,575 | 1,333 | 840 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 158 | 649 | 476 | 450 | 512 |
| Capital expenditure | 369 | 440 | 427 | 312 | 214 |
| Free cash flow | −211 | 209 | 49.0 | 138 | 298 |
| Depreciation & amortisation | 365 | 365 | 299 | 337 | 345 |
| Stock-based compensation | 17.0 | 19.0 | 26.0 | 30.0 | 40.0 |
| Share buybacks | 23.0 | 25.0 | – | – | 650 |
| Dividends paid | 58.0 | 58.0 | 58.0 | 58.0 | 54.0 |
| Dividend per share | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 13.5% | −25.0% | 1.6% | −3.0% |
| Operating income growth (YoY) | – | −78.2% | −225.6% | – | – |
| EPS growth (YoY) | – | −225.2% | – | −250.0% | – |
| Gross margin | 9.4% | 7.5% | 5.0% | 4.9% | 8.0% |
| Operating margin | 4.4% | 0.8% | −1.4% | −2.3% | 1.9% |
| Net margin | 2.2% | −2.4% | 0.5% | −0.7% | 1.1% |
| Return on equityBlank when equity is negative | 10.2% | −15.6% | 2.4% | −4.3% | 10.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.2% | 1.7% | −2.0% | −3.6% | 3.1% |
| Free cash flow margin | −2.4% | 2.1% | 0.6% | 1.8% | 4.0% |
| Cash conversion (CFO ÷ net income) | 0.80x | −2.68x | 12.5x | −7.89x | 6.02x |
| Receivable days | 54 | 49 | 66 | 42 | 48 |
| Inventory days | 70 | 63 | 85 | 52 | 54 |
| Payable days | 71 | 71 | 60 | 56 | 61 |
| Interest cover | 3.02x | 0.67x | −0.71x | −1.11x | 0.77x |
| Debt ÷ equity | 1.25x | 1.55x | 1.66x | 1.80x | 3.79x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 2,141 | 1,975 | 2,091 | 1,901 | 2,712 |
| Current ratio | 1.65x | 1.54x | 1.58x | 1.45x | 1.17x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.