Dana (DAN) financial statements
Dana reported revenue of $7.5B in fiscal 2025, up 2.8% a year over 9 years.
Net income was $85M and the operating margin 1.9%, against 5.7% in 2016.
Free cash flow was $298M, and the company returned $54M in dividends and $650M in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dana's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8B | $7.2B | $8.1B | $8.6B | $7.1B | $8.9B | $10.2B | $7.6B | $7.7B | $7.5B |
| Cost of revenue | $5.0B | $6.1B | $7.0B | $7.5B | $6.5B | $8.1B | $9.4B | $7.2B | $7.4B | $6.9B |
| Gross profit | $835M | $1.1B | $1.2B | $1.1B | $621M | $837M | $763M | $377M | $378M | $602M |
| Research and development | $81M | $102M | $103M | $112M | $146M | $178M | $201M | $196M | $184M | $105M |
| Selling, general and admin | $401M | $508M | $499M | $508M | $421M | $460M | $495M | $440M | $429M | $387M |
| Operating income | $332M | $490M | $579M | $292M | $124M | $395M | $86M | -$108M | -$176M | $139M |
| Interest expense | $113M | $102M | $96M | $122M | $138M | $131M | $128M | $152M | $158M | $181M |
| Pre-tax income | $215M | $380M | $494M | $171M | -$13M | $244M | -$31M | -$246M | -$321M | -$32M |
| Income tax | -$424M | $283M | $78M | -$32M | $58M | $72M | $284M | $7M | $31M | $53M |
| Net income | $640M | $111M | $427M | $226M | -$31M | $197M | -$242M | $38M | -$57M | $85M |
| EPS (diluted) | $4.36 | $0.71 | $2.91 | $1.56 | -$0.21 | $1.35 | -$1.69 | $0.26 | -$0.39 | $0.64 |
| Diluted shares | 147M | 147M | 146M | 145M | 144M | 146M | 144M | 144M | 145M | 134M |
| Gross margin | 14.3% | 14.8% | 14.2% | 13.1% | 8.7% | 9.4% | 7.5% | 5.0% | 4.9% | 8.0% |
| Operating margin | 5.7% | 6.8% | 7.1% | 3.4% | 1.7% | 4.4% | 0.8% | -1.4% | -2.3% | 1.9% |
| Net margin | 11.0% | 1.5% | 5.2% | 2.6% | -0.4% | 2.2% | -2.4% | 0.5% | -0.7% | 1.1% |
Balance sheet
Fiscal years, from Dana's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $737M | $643M | $531M | $527M | $580M | $285M | $425M | $529M | $494M | $469M |
| Receivables | $721M | $994M | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B | $890M | $987M |
| Inventory | $638M | $969M | $1.0B | $1.2B | $1.1B | $1.6B | $1.6B | $1.7B | $1.0B | $1.0B |
| Total current assets | $2.3B | $2.9B | $2.9B | $3.2B | $3.3B | $3.6B | $3.8B | $4.1B | $3.7B | $3.9B |
| Property, plant and equipment | $1.4B | $1.8B | $1.9B | $2.3B | $2.3B | $2.2B | $2.2B | $1.9B | $1.8B | $1.9B |
| Goodwill | $90M | $127M | $264M | $493M | $479M | $482M | $259M | $263M | $250M | — |
| Total assets | $4.9B | $5.6B | $5.9B | $7.2B | $7.4B | $7.6B | $7.4B | $7.9B | $7.5B | $7.8B |
| Total current liabilities | $1.3B | $1.7B | $1.7B | $1.8B | $1.9B | $2.2B | $2.5B | $2.6B | $2.6B | $3.3B |
| Long-term debt | $1.6B | $1.8B | $1.8B | $2.3B | $2.4B | $2.4B | $2.3B | $2.6B | $2.4B | $2.6B |
| Total liabilities | $3.6B | $4.5B | $4.4B | $5.1B | $5.4B | $5.5B | $5.7B | $6.1B | $5.9B | $6.9B |
| Shareholders' equity | $1.2B | $1.0B | $1.3B | $1.9B | $1.8B | $1.9B | $1.6B | $1.6B | $1.3B | $840M |
| Net debt | $957M | $1.2B | $1.2B | $1.8B | $1.9B | $2.1B | $1.9B | $2.1B | $1.9B | $2.1B |
Cash flow
Fiscal years, from Dana's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $384M | $554M | $568M | $637M | $386M | $158M | $649M | $476M | $450M | $512M |
| Capital spending | $322M | $393M | $325M | $426M | $326M | $369M | $440M | $427M | $312M | $214M |
| Free cash flow | $62M | $161M | $243M | $211M | $60M | -$211M | $209M | $49M | $138M | $298M |
| Stock-based compensation | $17M | $23M | $16M | $19M | $14M | $17M | $19M | $26M | $30M | $40M |
| Dividends paid | $35M | $35M | $58M | $58M | $15M | $58M | $58M | $58M | $58M | $54M |
| Share buybacks (net) | -$81M | — | -$25M | -$25M | — | -$23M | -$25M | — | — | -$650M |
| Net borrowing | $59M | $36M | -$13M | $552M | $28M | $1M | -$22M | $249M | -$36M | -$223M |
| Free cash flow margin | 1.1% | 2.2% | 3.0% | 2.4% | 0.8% | -2.4% | 2.1% | 0.6% | 1.8% | 4.0% |
| Dividends per share | $0.24 | $0.24 | $0.40 | $0.40 | $0.10 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 |
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Open DAN in InvestinglyQuestions
What was Dana's revenue in 2025?
$7.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Dana generate?
$298M in fiscal 2025 (operating cash flow minus capital spending).
From Dana's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.