Dana Inc Reports Strong 2025 Results and 2026 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy DAN?
Dana Inc's stock rose by 7.89% as it crossed above the 5-day SMA, reflecting positive investor sentiment following the company's strong performance announcement.
Dana Incorporated reported preliminary sales of $7.5 billion for 2025, exceeding expectations, and anticipates adjusted EBITDA for 2026 to be between $750 million and $850 million. The company also highlighted a three-year backlog totaling $750 million, with expected growth driven by collaborations with global OEMs, showcasing its strong market position and commitment to shareholder returns.
The optimistic outlook for 2026, combined with a solid financial performance in 2025, positions Dana favorably for future growth, potentially attracting more investor interest.
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Analyst Views on DAN
Wall Street analysts forecast DAN stock price to fall
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 34.270
Low
24.00
Averages
26.60
High
28.00
Current: 34.270
Low
24.00
Averages
26.60
High
28.00
About DAN
Dana Incorporated specializes in designing and manufacturing propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The Company is providing solutions for on-highway vehicles. The Company's technologies include drive systems (axles, driveshafts and transmissions); electrodynamic technologies (motors, inverters, software and control systems, battery-management systems, and fuel cell plates); sealing solutions (gaskets, seals, cam covers, and oil pan modules); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding), and digital solutions (active and passive system controls and descriptive and predictive analytics). The Company serves its global light vehicle and medium/heavy vehicle markets through two business units: Light Vehicle Systems and Commercial Vehicle Systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dana Incorporated Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Dana Incorporated reported Q4 2025 sales of $1.867 billion, an increase of $93 million year-over-year, with adjusted EBITDA of $208 million resulting in an 11.1% margin, reflecting a significant 640 basis point improvement in profitability.
- Capital Return Plan: Management announced an increase in the share repurchase program to $2 billion and a 20% increase in the quarterly dividend to $0.12 per share, aimed at enhancing shareholder returns and boosting market confidence, indicating strong confidence in future cash flows.
- Optimistic Market Outlook: The company expects 2026 revenue to reach approximately $7.5 billion, with adjusted EBITDA projected at $800 million, an increase of about $200 million compared to 2025, showcasing ongoing growth potential in traditional ICE and hybrid markets.
- Clear Long-Term Goals: Management set a target of nearly $10 billion in sales by 2030, with expected EBITDA margins increasing to 14%-15%, planning to achieve this through accelerated cost reductions and new business pursuits, demonstrating firm confidence in future growth.
See More
Dana (DAN) Q4 2025 Earnings Call Transcript
See More
Dana Incorporated Reports Strong 2025 Financial Results and 2026 Outlook
- 2025 Sales Performance: Dana Incorporated reported sales of $7.5 billion for 2025, a slight decline from $7.734 billion in 2024, yet customer recovery and currency translation mitigated the impact of lower market demand, showcasing the company's resilience in challenging conditions.
- Adjusted EBITDA Growth: The adjusted EBITDA for 2025 reached $610 million, significantly up from $395 million in 2024, primarily driven by cost-saving initiatives and efficiency improvements, reflecting ongoing enhancements in profitability.
- 2026 Financial Outlook: Dana anticipates sales for 2026 to range between $7.3 billion and $7.7 billion, with adjusted EBITDA projected at $750 million to $850 million, indicating strong confidence in future growth while continuing to execute a $325 million cost-reduction initiative.
- Long-term Strategic Goals: Under its Dana 2030 strategy, the company aims to achieve approximately $10 billion in sales by 2030, with adjusted EBITDA margins expected to reach 14% to 15%, representing a 45% improvement over 2026 targets, underscoring its commitment to delivering long-term shareholder value.
See More
Brightline Capital Management Acquires $19.95 Million Stake in Ecovyst
- New Investment Position: Brightline Capital Management initiated a new position in Ecovyst (NYSE: ECVT) by acquiring 2,050,000 shares valued at $19.95 million during Q4 2026, indicating strong confidence in the company's future growth potential and enhancing its portfolio's long-term returns.
- Asset Allocation Shift: This acquisition now represents 8.06% of Brightline's 13F reportable assets, placing Ecovyst alongside concentrated investments like CSTM and DAN, which signals management's focus on the company's profitability and strategic positioning.
- Significant Performance Growth: In Q3, Ecovyst reported $204.9 million in sales, a 33% year-over-year increase, with an adjusted EBITDA of $57.5 million and a 28.1% margin, showcasing its robust performance in specialty catalysts and sulfuric acid recycling services.
- Capital Structure Optimization: Ecovyst plans to divest its Advanced Materials and Catalysts segment for $556 million, with expected net proceeds of about $530 million, which will lower its leverage ratio to below 1.5x, enhancing financial stability and setting the stage for future growth.
See More
Dana Incorporated Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has appointed Byron Foster as CEO effective July 1, 2026, while current chairman and CEO R. Bruce McDonald will remain as chairman of the board, ensuring continuity and stability in corporate governance.
- Business Background: Foster currently serves as senior vice president and president of Dana's Light Vehicle Systems, its largest business unit, and his extensive experience is expected to drive further development and innovation within this division.
- Market Outlook: In a recent earnings call, Dana discussed its market outlook and backlog, indicating a positive sentiment towards future growth, particularly through strategic initiatives in business divestment and margin expansion.
- Shareholder Confidence: The appointment of the new CEO is seen as a move to bolster shareholder confidence, with Foster's leadership skills and industry experience likely to enhance Dana's competitiveness in the market and drive sustainable long-term growth.
See More
Dana Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has announced the appointment of Byron Foster as CEO, effective July 1, 2026, providing a structured transition period that ensures a smooth leadership handover for the company.
- Leadership Experience: Currently serving as Senior Vice President of Light Vehicle Systems, Foster has a proven track record of driving sales growth and profit margin improvement since joining Dana in 2021, backed by executive roles at Johnson Controls and Adient plc.
- Board Support: R. Bruce McDonald, the current Chairman and CEO, emphasized Foster's pivotal role in Dana's transformation and expressed confidence in his ability to lead the company into its next growth chapter, highlighting the board's trust in the new leadership.
- Company Vision: Foster expressed his commitment to building on Dana's strong engineering legacy and delivering value to customers, indicating the company's potential for long-term success in the global light and commercial vehicle markets.
See More
Dana Incorporated Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Dana Incorporated reported Q4 2025 sales of $1.867 billion, an increase of $93 million year-over-year, with adjusted EBITDA of $208 million resulting in an 11.1% margin, reflecting a significant 640 basis point improvement in profitability.
- Capital Return Plan: Management announced an increase in the share repurchase program to $2 billion and a 20% increase in the quarterly dividend to $0.12 per share, aimed at enhancing shareholder returns and boosting market confidence, indicating strong confidence in future cash flows.
- Optimistic Market Outlook: The company expects 2026 revenue to reach approximately $7.5 billion, with adjusted EBITDA projected at $800 million, an increase of about $200 million compared to 2025, showcasing ongoing growth potential in traditional ICE and hybrid markets.
- Clear Long-Term Goals: Management set a target of nearly $10 billion in sales by 2030, with expected EBITDA margins increasing to 14%-15%, planning to achieve this through accelerated cost reductions and new business pursuits, demonstrating firm confidence in future growth.
See More
Dana (DAN) Q4 2025 Earnings Call Transcript
See More
Dana Incorporated Reports Strong 2025 Financial Results and 2026 Outlook
- 2025 Sales Performance: Dana Incorporated reported sales of $7.5 billion for 2025, a slight decline from $7.734 billion in 2024, yet customer recovery and currency translation mitigated the impact of lower market demand, showcasing the company's resilience in challenging conditions.
- Adjusted EBITDA Growth: The adjusted EBITDA for 2025 reached $610 million, significantly up from $395 million in 2024, primarily driven by cost-saving initiatives and efficiency improvements, reflecting ongoing enhancements in profitability.
- 2026 Financial Outlook: Dana anticipates sales for 2026 to range between $7.3 billion and $7.7 billion, with adjusted EBITDA projected at $750 million to $850 million, indicating strong confidence in future growth while continuing to execute a $325 million cost-reduction initiative.
- Long-term Strategic Goals: Under its Dana 2030 strategy, the company aims to achieve approximately $10 billion in sales by 2030, with adjusted EBITDA margins expected to reach 14% to 15%, representing a 45% improvement over 2026 targets, underscoring its commitment to delivering long-term shareholder value.
See More
Brightline Capital Management Acquires $19.95 Million Stake in Ecovyst
- New Investment Position: Brightline Capital Management initiated a new position in Ecovyst (NYSE: ECVT) by acquiring 2,050,000 shares valued at $19.95 million during Q4 2026, indicating strong confidence in the company's future growth potential and enhancing its portfolio's long-term returns.
- Asset Allocation Shift: This acquisition now represents 8.06% of Brightline's 13F reportable assets, placing Ecovyst alongside concentrated investments like CSTM and DAN, which signals management's focus on the company's profitability and strategic positioning.
- Significant Performance Growth: In Q3, Ecovyst reported $204.9 million in sales, a 33% year-over-year increase, with an adjusted EBITDA of $57.5 million and a 28.1% margin, showcasing its robust performance in specialty catalysts and sulfuric acid recycling services.
- Capital Structure Optimization: Ecovyst plans to divest its Advanced Materials and Catalysts segment for $556 million, with expected net proceeds of about $530 million, which will lower its leverage ratio to below 1.5x, enhancing financial stability and setting the stage for future growth.
See More
Dana Incorporated Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has appointed Byron Foster as CEO effective July 1, 2026, while current chairman and CEO R. Bruce McDonald will remain as chairman of the board, ensuring continuity and stability in corporate governance.
- Business Background: Foster currently serves as senior vice president and president of Dana's Light Vehicle Systems, its largest business unit, and his extensive experience is expected to drive further development and innovation within this division.
- Market Outlook: In a recent earnings call, Dana discussed its market outlook and backlog, indicating a positive sentiment towards future growth, particularly through strategic initiatives in business divestment and margin expansion.
- Shareholder Confidence: The appointment of the new CEO is seen as a move to bolster shareholder confidence, with Foster's leadership skills and industry experience likely to enhance Dana's competitiveness in the market and drive sustainable long-term growth.
See More
Dana Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has announced the appointment of Byron Foster as CEO, effective July 1, 2026, providing a structured transition period that ensures a smooth leadership handover for the company.
- Leadership Experience: Currently serving as Senior Vice President of Light Vehicle Systems, Foster has a proven track record of driving sales growth and profit margin improvement since joining Dana in 2021, backed by executive roles at Johnson Controls and Adient plc.
- Board Support: R. Bruce McDonald, the current Chairman and CEO, emphasized Foster's pivotal role in Dana's transformation and expressed confidence in his ability to lead the company into its next growth chapter, highlighting the board's trust in the new leadership.
- Company Vision: Foster expressed his commitment to building on Dana's strong engineering legacy and delivering value to customers, indicating the company's potential for long-term success in the global light and commercial vehicle markets.
See More
