Dorman Products (DORM) financial statements
Dorman Products reported revenue of $2.1B in fiscal 2025, up 10.6% a year over 9 years.
Net income was $204M and the operating margin 14.1%, against 19.6% in 2016.
Free cash flow was $76M.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dorman Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $860M | $903M | $974M | $991M | $1.1B | $1.3B | $1.7B | $1.9B | $2.0B | $2.1B |
| Cost of revenue | $522M | $545M | $600M | $652M | $710M | $882M | $1.2B | $1.2B | $1.2B | $1.2B |
| Gross profit | $338M | $359M | $373M | $340M | $383M | $463M | $564M | $685M | $806M | $898M |
| Selling, general and admin | $169M | $182M | $202M | $234M | $250M | $291M | $393M | $471M | $513M | $541M |
| Operating income | $169M | $176M | $171M | $106M | $133M | $172M | $171M | $215M | $293M | $300M |
| Interest expense | $241,000 | — | — | $231,000 | $599,000 | $2M | $16M | $48M | $40M | $29M |
| Pre-tax income | $168M | $177M | $171M | $106M | $136M | $170M | $156M | $169M | $256M | $275M |
| Income tax | $62M | $70M | $38M | $22M | $29M | $38M | $35M | $39M | $66M | $71M |
| Net income | $106M | $107M | $134M | $84M | $107M | $132M | $122M | $129M | $190M | $204M |
| EPS (diluted) | $3.07 | $3.13 | $4.02 | $2.56 | $3.30 | $4.12 | $3.85 | $4.10 | $6.14 | $6.64 |
| Diluted shares | 35M | 34M | 33M | 33M | 32M | 32M | 32M | 32M | 31M | 31M |
| Gross margin | 39.3% | 39.7% | 38.3% | 34.3% | 35.1% | 34.4% | 32.6% | 35.5% | 40.1% | 42.1% |
| Operating margin | 19.6% | 19.5% | 17.6% | 10.7% | 12.2% | 12.8% | 9.9% | 11.1% | 14.6% | 14.1% |
| Net margin | 12.3% | 11.8% | 13.7% | 8.4% | 9.8% | 9.8% | 7.0% | 6.7% | 9.5% | 9.6% |
Balance sheet
Fiscal years, from Dorman Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $149M | $72M | $43M | $68M | $156M | $59M | $46M | $37M | $57M | $49M |
| Receivables | $231M | $242M | $401M | $392M | $461M | $473M | $427M | $527M | $574M | $479M |
| Inventory | $169M | $212M | $271M | $281M | $299M | $532M | $756M | $637M | $708M | $959M |
| Total current assets | $552M | $533M | $720M | $755M | $923M | $1.1B | $1.3B | $1.2B | $1.4B | $1.5B |
| Property, plant and equipment | $88M | $93M | $99M | $102M | $91M | $115M | $148M | $160M | $164M | $169M |
| Goodwill | $28M | $66M | $73M | $74M | $91M | $197M | $443M | $444M | $443M | $387M |
| Total assets | $712M | $766M | $978M | $1.0B | $1.2B | $1.7B | $2.3B | $2.3B | $2.4B | $2.5B |
| Total current liabilities | $104M | $111M | $232M | $221M | $323M | $665M | $678M | $547M | $564M | $493M |
| Long-term debt | — | — | — | — | — | $0 | $482M | $467M | $440M | $402M |
| Total liabilities | $110M | $131M | $250M | $267M | $367M | $740M | $1.3B | $1.1B | $1.1B | $1.0B |
| Shareholders' equity | $602M | $635M | $728M | $774M | $854M | $933M | $1.0B | $1.2B | $1.3B | $1.5B |
| Net debt | -$149M | -$72M | -$43M | -$68M | -$156M | -$59M | $449M | $446M | $411M | $390M |
Cash flow
Fiscal years, from Dorman Products's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $122M | $94M | $78M | $95M | $152M | $100M | $42M | $209M | $231M | $114M |
| Capital spending | $20M | $24M | $26M | $30M | $15M | $20M | $38M | $44M | $39M | $38M |
| Free cash flow | $101M | $70M | $52M | $66M | $137M | $80M | $4M | $165M | $192M | $76M |
| Stock-based compensation | $2M | $3M | $3M | $3M | $8M | $8M | $9M | $11M | $15M | $20M |
| Net borrowing | — | — | — | — | $0 | $0 | $497M | -$12M | -$16M | -$28M |
| Free cash flow margin | 11.8% | 7.7% | 5.3% | 6.6% | 12.5% | 6.0% | 0.2% | 8.5% | 9.5% | 3.6% |
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Open DORM in InvestinglyQuestions
What was Dorman Products's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Dorman Products generate?
$76M in fiscal 2025 (operating cash flow minus capital spending).
From Dorman Products's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.