Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles in North America, Europe, South America, and the Asia Pacific. The Light Vehicle segment provides axles, driveshafts, internal combustion engine (ICE), hybrid and electric transmissions, e-axle and e-transmission systems, inverters, electric motors, controllers, sealing and thermal products, e-sealing, e-thermal cooling systems, battery and electronics cooling, hydrogen fuel cell cooling, and new power industrial cooling. The Commercial Vehicle segment offers axles, driveshafts, hybrid and electric transmissions, e-axle and e-transmission systems, inverters, electric motors, controllers. The company offers electrodynamic technologies comprising motors, inverters, software and control systems, battery-management systems, and fuel cell plates. The company also provides sealing solutions, such as gaskets, seals, cam covers, and oil pan modules; thermal-management technologies, including transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding; and digital solutions that include active and passive system controls, as well as descriptive and predictive analytics. It serves vehicle manufacturers in the global light vehicle, medium/heavy vehicle. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.5B | $506M | $85M | $298M | 10.1% | -3.0% | -249.1% |
| 2024 | $7.7B | $187M | $-57M | $138M | -4.3% | 1.6% | -250.0% |
| 2023 | $7.6B | $221M | $38M | $49M | 2.4% | -25.0% | -115.7% |
| 2022 | $10.2B | $485M | $-242M | $209M | -15.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,156 | 7,613 | 7,734 | 7,500 |
| Operating Revenue | - | 10,156 | 7,613 | 7,734 | 7,500 |
| Cost Of Revenue | - | 9,393 | 7,236 | 7,356 | 6,898 |
| Gross Profit | - | 763 | 377 | 378 | 602 |
| Operating Expense | - | 501 | 448 | 427 | 389 |
| Selling General And Administration | - | 495 | 440 | 429 | 387 |
| Total Expenses | - | 9,894 | 7,684 | 7,783 | 7,287 |
| Operating Income | - | 262 | -71 | -49 | 213 |
| EBITDA | - | 485 | 221 | 187 | 506 |
| Normalized EBITDA | - | 681 | 245 | 302 | 574 |
| EBIT | - | 97 | -94 | -163 | 149 |
| Interest Income | - | 11 | 15 | 13 | 10 |
| Interest Expense | - | 128 | 152 | 158 | 181 |
| Net Interest Income | - | -117 | -137 | -145 | -171 |
| Other Non Operating Income Expenses | - | 20 | -14 | -12 | -6 |
| Other Income Expense | - | -176 | -38 | -127 | -74 |
| Interest Income Non Operating | - | 11 | 15 | 13 | 10 |
| Interest Expense Non Operating | - | 128 | 152 | 158 | 181 |
| Net Non Operating Interest Income Expense | - | -117 | -137 | -145 | -171 |
| Pretax Income | - | -31 | -246 | -321 | -32 |
| Tax Provision | - | 284 | 7 | 31 | 53 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -41.16 | -5.04 | -24.15 | -14.28 |
| Net Income Continuous Operations | - | -311 | -262 | -342 | -53 |
| Net Income From Continuing And Discontinued Operation | - | -242 | 38 | -57 | 85 |
| Net Income From Continuing Operation Net Minority Interest | - | -242 | -272 | -350 | -70 |
| Net Income | - | -242 | 38 | -57 | 85 |
| Net Income Common Stockholders | - | -242 | 38 | -57 | 85 |
| Net Income Including Noncontrolling Interests | - | -311 | 48 | -49 | 102 |
| Normalized Income | - | -87.16 | -253.04 | -259.15 | -16.28 |
| Diluted NI Availto Com Stockholders | - | -242 | 38 | -57 | 85 |
| Basic Average Shares | - | 143.60 | 144.40 | 145.20 | 133.70 |
| Diluted Average Shares | - | 143.60 | 144.60 | 145.20 | 133.70 |
| Reconciled Depreciation | - | 388 | 315 | 350 | 357 |
| Reconciled Cost Of Revenue | - | 9,019 | 6,929 | 7,014 | 6,548 |
| Total Unusual Items | - | -196 | -24 | -115 | -68 |
| Total Unusual Items Excluding Goodwill | - | -196 | -24 | -115 | -68 |
| Minority Interests | - | 69 | -10 | -8 | -17 |
| Net Income Discontinuous Operations | - | - | 310 | 293 | 155 |
| Earnings From Equity Interest Net Of Tax | - | 4 | -9 | 10 | 32 |
| Special Income Charges | - | -200 | -24 | -100 | -60 |
| Gain On Sale Of Business | - | - | - | 0 | -9 |
| Other Special Charges | -37 | - | 1 | - | - |
| Impairment Of Capital Assets | - | 191 | - | 0 | 16 |
| Restructuring And Mergern Acquisition | - | 7 | 23 | 73 | 35 |
| Gain On Sale Of Security | - | 4 | -13 | -15 | -8 |
| Depreciation Amortization Depletion Income Statement | - | 14 | 8 | 8 | 7 |
| Depreciation And Amortization In Income Statement | - | 14 | 8 | 8 | 7 |
| General And Administrative Expense | - | 495 | 440 | 429 | 387 |
| Other Gand A | - | 495 | 440 | 429 | 387 |
| Salaries And Wages | 10 | 7 | 13 | - | - |
| Gain On Sale Of Ppe | - | -2 | -1 | -27 | 0 |
| Other Operating Expenses | - | -8 | -16 | -10 | -5 |
| Amortization | - | 14 | 8 | 8 | 7 |
| Amortization Of Intangibles Income Statement | - | 14 | 8 | 8 | 7 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dana Incorporatedthis co. | DAN | $4.0B | 46.72β premium | 4.73 | 10.1% | 13.87 |
| Cavco Industries, Inc. | CVCO | $4.2B | 22.19 | 3.83 | 17.3% | 14.93 |
| Champion Homes, Inc. | SKY | $4.1B | 19.79 | 2.60 | 13.2% | 10.97 |
| Tri Pointe Homes, Inc. | TPH | $4.0B | 16.58 | 1.21 | 7.3% | 12.94 |
| OPENLANE, Inc. | OPLN | $3.9B | - |
| - |
| - |
| - |
| - |
| - |
| 3.12 |
| -8.3% |
| 14.29 |
| Atmus Filtration Technologies Inc. | ATMU | $3.9B | 18.59 | 10.19 | 54.8% | 12.84 |
| Dorman Products, Inc. | DORM | $3.8B | 18.74 | 2.59 | 13.8% | 11.99 |
| Kontoor Brands, Inc. | KTB | $3.8B | 16.68 | 6.72 | 40.3% | 12.35 |
| Group 1 Automotive, Inc. | GPI | $3.6B | 11.17 | 1.30 | 11.7% | 11.07 |
| Peer Median | - | 18.59 | 2.86 | 13.5% | 12.59 | |