Dana Incorporated (DAN) Stock Analysis & Winston Score

Dana Incorporated makes parts that help vehicles move power from the engine to the wheels. Its main products include axles, driveshafts, sealing systems, and thermal management parts. Dana sells to large automakers and truck manufacturers like Ford, General Motors, and Stellantis, and it also supplies parts for off-highway equipment used in farming and construction. Dana earns money by selling these components directly to vehicle manufacturers, both when new vehicles are built and as replacement parts. The company operates globally, with factories across North America, Europe, South America, and Asia, and it generates roughly $9 billion in annual revenue. Dana has been investing heavily in electric vehicle drivetrain systems to stay relevant as automakers shift away of traditional engines, but its thin margins and negative return on invested capital signal that those transition costs are currently a meaningful financial burden.