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Dorman Products

DORM Nasdaq Automotive Parts & Equipment Financials FY2016–FY2025

Dorman Products' revenue rose 6.0% to $2.1 billion in fiscal 2025. Its operating margin was 14.1%, down from 14.6% a year earlier. Free cash flow was $76 million, down 60.5%. The diluted share count fell 0.7%.

Last close · Oct 23, 2026

$125.24

1.8%
Value it Compare
Revenue Total sales reported in the income statement.
$2.1B
6.0% vs prior year
Operating margin Operating income as a share of revenue.
14.1%
0.5 pts
Net income Profit after all expenses, interest and tax.
$204M
7.5%
Free cash flow Cash from operations minus capital spending.
$75.7M
60.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
12.4%
0.7 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$3.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
17.3x
On $7.22 EPS (TTM)

What Dorman Products does

No business description yet.

Legal name
Dorman Products, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000868780-26-000014
0000868780

Revenue and margins

Dorman Products had $2.1B of revenue in fiscal 2025, up 6.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 8.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $75.7M in fiscal 2025, 3.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Dorman Products returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count fell 0.7%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Dorman Products yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$391M and divides by 30.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 17.3x · peers 16.6x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Dorman Products can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $58.8M$46.0M$36.8M$57.1M$49.4M
Debt incl. finance leases $0.0M$495M$483M$469M$441M
Net debt / EBITDA −0.3x2.3x1.8x1.3x1.2x
Debt / equity 0.0x0.5x0.4x0.4x0.3x
Interest coverage 79.4x11.0x4.5x7.4x10.5x
Current ratio 1.6x1.9x2.3x2.4x3.1x
Quick ratio 0.8x0.8x1.1x1.2x1.1x
Total assets $1.7B$2.3B$2.3B$2.4B$2.5B
Total liabilities $740M$1.3B$1.1B$1.1B$1.0B
Shareholders' equity $933M$1.0B$1.2B$1.3B$1.5B
Net debt (− = net cash) −$58.8M$449M$446M$412M$391M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$3.4M

4 insiders

Of sales under plans

9%

$0.3M

DateInsiderTradeSharesPriceValueFiling
Aug 17, 2026 Donna M. LongSVP, CIO Sold plan 734 $135.21 $0.1M Form 4
Aug 5, 2026 Gregory C. BowenVP, Chief Accounting Officer Sold 3,531 $145.01 $0.5M Form 4
Mar 12, 2026 Donna M. LongSVP, CIO Sold plan 947 $103.07 $0.1M Form 4
Jan 2, 2026 Donna M. LongSVP, CIO Sold plan 812 $123.75 $0.1M Form 4
Dec 12, 2025 John McKnightPresident, Heavy Duty Sold 2,000 $128.80 $0.3M Form 4
Dec 1, 2025 John McKnightPresident, Heavy Duty Sold 4,898 $130.71 $0.6M Form 4
Oct 31, 2025 David HessionSVP and CFO Sold 12,493 $135.31 $1.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✕
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score 7 / 99 / 98 / 9
Accruals ratio −3.4%−1.7%3.7%
Altman Z'' 5.215.786.80

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Dorman Products DORM $3.8B 6.0% 14.1% 3.6% 12.4% 17.3x 8
Mobileye MBLY $5.3B 14.5% −23.2% 27.6% — — — Compare →
Standard Motor Products SMP $853M 22.4% 7.6% 1.0% 8.3% 16.6x 7 Compare →
Gentex GNTX $4.3B 9.6% 18.7% 18.1% 17.4% 10.9x 6 Compare →
Gentherm THRM $878M 2.9% 5.5% 4.1% 5.8% 98.6x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $860M $903M $974M $991M $1.1B $1.3B $1.7B $1.9B $2.0B $2.1B
Gross profit $338M $359M $373M $340M $383M $463M $564M $685M $806M $898M
Operating income $169M $176M $171M $106M $133M $172M $171M $215M $293M $300M
Interest expense $0.2M $0.3M $0.2M $0.2M $0.6M $2.2M $15.6M $48.1M $39.7M $28.6M
Pretax income $168M $177M $171M $106M $136M $170M $156M $169M $256M $275M
Income tax $62.3M $70.0M $37.5M $22.0M $28.9M $38.2M $34.7M $39.2M $66.2M $71.3M
Net income $106M $107M $134M $83.8M $107M $132M $122M $129M $190M $204M
Diluted EPS $3.07 $3.13 $4.02 $2.56 $3.30 $4.12 $3.85 $4.10 $6.14 $6.64
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $122M $94.2M $78.1M $95.3M $152M $100M $41.7M $209M $231M $114M
Capital expenditure $20.1M $24.4M $26.1M $29.6M $15.4M $19.8M $37.9M $44.0M $39.4M $38.0M
Free cash flow $101M $69.8M $52.0M $65.8M $137M $80.5M $3.8M $165M $192M $75.7M
Depreciation and amortization $18.7M $21.5M $25.4M $25.4M $26.6M $26.3M $28.6M $31.9M $34.0M $33.6M
Stock-based compensation $2.4M $3.2M $3.5M $3.1M $7.6M $8.2M $9.4M $11.5M $15.0M $19.6M
Acquisitions $0.0M $60.0M $28.0M $0.0M $14.8M $346M $489M $0.1M $0.1M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $149M $71.7M $43.5M $68.4M $156M $58.8M $46.0M $36.8M $57.1M $49.4M
Total debt — — — — — $0.0M $495M $483M $469M $441M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $552M $533M $720M $755M $923M $1.1B $1.3B $1.2B $1.4B $1.5B
Current liabilities $104M $111M $232M $221M $323M $665M $678M $547M $564M $493M
Inventory $169M $212M $271M $281M $299M $532M $756M $637M $708M $959M
Property and equipment, net $88.4M $92.7M $98.6M $102M $91.0M $115M $149M $160M $165M $169M
Total assets $712M $766M $978M $1.0B $1.2B $1.7B $2.3B $2.3B $2.4B $2.5B
Total liabilities $110M $131M $251M $268M $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
Margins
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%
EBITDA margin 21.8% 21.9% 20.2% 13.2% 14.6% 14.7% 11.5% 12.8% 16.3% 15.6%
Net margin 12.3% 11.8% 13.7% 8.5% 9.8% 9.8% 7.0% 6.7% 9.5% 9.6%
FCF margin 11.8% 7.7% 5.3% 6.6% 12.5% 6.0% 0.2% 8.5% 9.5% 3.6%
Returns
Return on capital — — — — — — 11.3% 10.6% 13.1% 12.4%
Return on capital employed 29.8% 27.9% 24.4% 13.5% 15.5% 18.0% 12.8% 12.6% 16.3% 15.5%
Return on equity 18.9% 17.2% 19.6% 11.2% 13.1% 14.7% 12.3% 11.7% 15.4% 14.7%
Return on assets 15.9% 14.4% 15.3% 8.3% 9.5% 9.1% 6.1% 5.6% 8.1% 8.3%
Growth
Revenue growth 7.1% 5.1% 7.8% 1.8% 10.2% 23.1% 28.9% 11.3% 4.1% 6.0%
Net income growth 14.9% 0.5% 25.3% −37.3% 27.6% 23.1% −7.6% 6.3% 47.0% 7.5%
EPS growth 18.1% 2.0% 28.4% −36.3% 28.9% 24.9% −6.6% 6.5% 49.8% 8.1%
FCF growth 44.2% −31.2% −25.5% 26.4% 107.6% −41.0% −95.3% 4,230.9% 16.3% −60.5%
Share count change −2.7% −1.6% −2.5% −1.6% −1.0% −1.3% −1.3% −0.0% −1.8% −0.7%
Financial health
Net debt / EBITDA — — — — — −0.3x 2.3x 1.8x 1.3x 1.2x
Debt / equity — — — — — 0.0x 0.5x 0.4x 0.4x 0.3x
Interest coverage 699.6x 605.6x 684.6x 458.1x 222.7x 79.4x 11.0x 4.5x 7.4x 10.5x
Current ratio 5.3x 4.8x 3.1x 3.4x 2.9x 1.6x 1.9x 2.3x 2.4x 3.1x
Quick ratio 3.7x 2.9x 1.9x 2.2x 1.9x 0.8x 0.8x 1.1x 1.2x 1.1x
Capital allocation
Capex / revenue 2.3% 2.7% 2.7% 3.0% 1.4% 1.5% 2.2% 2.3% 2.0% 1.8%
Stock comp / revenue 0.3% 0.4% 0.4% 0.3% 0.7% 0.6% 0.5% 0.6% 0.8% 0.9%
Payouts / FCF 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Quality scores
Piotroski F-score — — — — — — 4.0 7.0 9.0 8.0
Altman Z'' 14.0 12.8 9.8 9.3 8.5 5.3 4.3 5.2 5.8 6.8
Accruals ratio −2.3% 1.7% 6.4% −1.1% −4.0% 2.2% 4.0% −3.4% −1.7% 3.7%

Source: SEC EDGAR XBRL filings (CIK 0000868780). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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