Forensic Analysis · Automotive / Vehicle Manufacturing · as of Aug 11, 2026

Dana Inc (DAN)

A forensic read on Dana Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Grey Zone

Financial health

1.2

Distress distance

Clean

Earnings quality

Forensic signals

2.7

P / E (ttm)

10.1%

ROE

$3.2B

Market cap

1.76%

Dividend yield

-3.0%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Dana Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 1.2, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

2.4%

FY2025

Return on invested capital. Return on invested capital is 2.4% in the latest fiscal year and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.

236% of FCF

FY2025

Shareholder returns. Returned $704M to shareholders (buybacks + dividends) in FY2025 — 236% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely. Counting the $40M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 250%.

$248M

FY2019–FY2022

Goodwill impairments. Took $248M of goodwill writedowns across 3 years (FY2019 ($6M), FY2020 ($51M), FY2022 ($191M)) — about 165% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$7.50B

Revenue Growth YoY-3.0%

Net Margin1.1%

Free Cash Flow$298.0M

Return on Equity10.1%

Debt / Equity3.09x

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.