Does Dana Incorporated have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Dana Incorporated (DAN) 16.0 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 0, returns on capital 11, balance-sheet safety 0, capital discipline 64.

How has DAN's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 16.0 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Dana Incorporated

DAN · Consumer Discretionary · $3.0B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power0

Median gross margin 9.0% over 10y, variable.

Returns on capital11

Median ROIC 5.0%, above the 9% hurdle in 30% of years.

Balance-sheet safety0

Net debt/EBITDA 19.7x, interest coverage 1x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $26.56
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

Dana Incorporated booked $7.5B of revenue in FY2025 in the Consumer Discretionary sector and kept 8.0% of it as gross profit — a thin-margin business by that measure. After every other cost, 1.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $5.2B (FY2009) to $7.5B (FY2025) — about 2.3% a year compounded over 16 years.

It earned 3.1% on invested capital in FY2025, with a median of 6.8% across 11 filed years. The Returns on Capital filter above scores it 11/100.

The balance sheet carried $3.2B of total debt in FY2025. Balance-Sheet Safety scores it 0/100.

The share count fell 22.1% between FY2010 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 64/100.

Put together: Capital Discipline is the strongest of the four filters (64/100) and Pricing Power the weakest (0/100), which is how DAN lands at 16/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$7.5B FY2025

Gross marginRevenue kept after cost of goods8.0% FY2025

Return on invested capitalOperating profit on the capital employed3.1% FY2025

Owner earningsCash an owner could take out−$129.0M FY2025

Gaps in a line mean that item isn’t in DAN’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale16.0 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — DAN has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#317 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#315DBGI DIGITAL BRANDS GROUP, INC.16.4 out of 100, No moatNo moat
#316RMSL REMSLEEP HOLDINGS, INC.16.2 out of 100, No moatNo moat
#318GM GENERAL MOTORS COMPANY16.0 out of 100, No moatNo moat
#319SDOT Sadot Group Inc.15.8 out of 100, No moatNo moat

Compare DAN with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about DAN

Does Dana Incorporated have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Dana Incorporated (DAN) 16.0 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 0, returns on capital 11, balance-sheet safety 0, capital discipline 64.
How has DAN's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 16.0 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows DAN’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/DAN"
  width="340" height="150" style="border:0"
  title="DAN Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DAN. See the disclaimer.