Dorman Products, Inc. DORM

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived Nasdaq

We are one of the leading suppliers of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks, as well as specialty vehicles, including utility terrain vehicles ("UTVs") and all-terrain vehicles ("ATVs"). As of December 31, 2025, we marketed approximately 144,000 distinct parts compared to approximately 138,000 as of December 31, 2024, many of which we designed and engineered. This number excludes private-label stock keeping units and other variations in how we market, package, and distribute our products, includes distinct parts of acquired companies, and reflects distinct parts that have been discontinued at the end of their lifecycle. Our products are sold under our various brand names, under our customers' private-label brands, or in bulk. We are one of the leading aftermarket suppliers of parts that were traditionally available to professional installers and consumers only from original equipment manufacturers ("OEMs") or salvage yards. These parts include, among others, leaf springs, intake manifolds, exhaust manifolds, oil filters and coolers, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation ("EGR") coolers, driveshafts, UTV windshields, and complex electronics modules. For 2025, approximately 76% of our products were sold under brands we own, and the remainder of our products were sold for resale under customers' private labels, other brands, or in bulk. We generate most of our net sales from customers in North America, primarily in the United States. Our products are sold primarily through aftermarket retailers, including their online platforms; dealers; and national, regional, and local wholesale distributors and specialty markets. We also distribute aftermarket parts outside the United States, with sales primarily into Canada and Mexico, and to a lesser extent, Europe, the Middle East, and Australia.

Last close 125.24 2026-10-23
Market cap $3.72B 2026-06-27 share count
52-week range 98.44 - 164.00

Valuation FY2025 figures against the last close

P/S1.7x
P/E18.9x
P/FCF49.1x
EV/EBITDA11.6x
Dividend yield—
Diluted EPS6.64

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Light Duty
  • Heavy Duty
  • Specialty Vehicle
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Light Duty, FY2025: 1.7B (79.4%) 79% Light Duty Heavy Duty, FY2025: 232.6M (10.9%) 11% Heavy Duty Specialty Vehicle, FY2025: 205.7M (9.7%) 10% FY2024 Light Duty, FY2024: 1.6B (77.9%) 78% Heavy Duty, FY2024: 231.5M (11.5%) 12% Specialty Vehicle, FY2024: 212.1M (10.6%) 11% FY2023 Light Duty, FY2023: 1.5B (75.8%) 76% Heavy Duty, FY2023: 256.9M (13.3%) 13% Specialty Vehicle, FY2023: 210.4M (10.9%) 11%
Segment FY2025FY2024FY2023
Light Duty $1.69B $1.57B $1.46B
Heavy Duty $232.6M $231.5M $256.9M
Specialty Vehicle $205.7M $212.1M $210.4M

As the company reported it, from the “Segment Information - Schedule of Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.13B$2.01B$1.93B$1.73B$1.35B$1.09B$991.3M$973.7M$903.2M$859.6M
Cost of revenue $1.23B$1.20B$1.24B$1.17B$882.3M$709.6M$651.5M$600.4M$544.6M$521.5M
Gross profit $897.7M$806.4M$685.4M$564.5M$462.9M$383.1M$339.8M$373.3M$358.6M$338.1M
SG&A $541.5M$513.5M$470.7M$393.4M$291.4M$249.7M$234.0M$202.1M$182.4M$169.5M
Operating income $299.5M$292.9M$214.8M$171.0M$171.6M$133.4M$105.8M$171.1M$176.2M$168.6M
Interest expense $28.6M$39.7M$48.1M$15.6M$2.2M$599.0K$231.0K——$241.0K
Pre-tax income $275.4M$256.3M$168.5M$156.2M$169.8M$135.7M$105.8M$171.1M$176.6M$168.4M
Income tax $71.3M$66.2M$39.2M$34.7M$38.2M$28.9M$22.0M$37.5M$70.0M$62.3M
Net income $204.2M$190.0M$129.3M$121.5M$131.5M$106.9M$83.8M$133.6M$106.6M$106.0M
EPS, basic 6.696.174.113.874.133.312.574.043.143.07
EPS, diluted 6.646.144.103.854.123.302.564.023.133.07
Shares, diluted (wtd. avg.) 30.8M31.0M31.5M31.5M32.0M32.4M32.7M33.2M34.1M34.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $49.4M$57.1M$36.8M$46.0M$58.8M$155.6M$68.4M$43.5M$71.7M$149.1M
Receivables $479.3M$573.8M$526.9M$427.4M$472.8M$460.9M$391.8M$400.7M$241.9M$230.5M
Inventory $959.0M$708.0M$637.4M$755.9M$532.0M$298.7M$280.8M$270.5M$212.1M$168.9M
Total current assets $1.52B$1.37B$1.23B$1.27B$1.08B$922.9M$754.6M$720.3M$532.8M$551.6M
Property, plant and equipment $168.8M$164.5M$160.1M$148.5M$114.9M$91.0M$101.8M$98.6M$92.7M$88.4M
Goodwill $387.3M$442.9M$443.9M$443.0M$197.3M$91.1M$74.5M$72.6M$66.0M$28.1M
Other intangibles $257.1M$278.2M$301.6M$322.4M$178.8M$25.2M$21.3M$25.2M$22.2M$1.6M
Total assets $2.49B$2.42B$2.29B$2.34B$1.67B$1.22B$1.04B$978.1M$765.9M$711.8M
Accounts payable $185.1M$231.8M$176.7M$179.8M$177.4M$117.9M$90.4M$109.1M$80.2M$72.6M
Short-term debt $37.5M$28.1M$15.6M$12.5M$0—————
Total current liabilities $492.8M$563.8M$547.2M$678.3M$665.0M$322.6M$220.5M$232.1M$110.8M$103.8M
Long-term debt $402.4M$439.5M$467.2M$482.5M$0—————
Retained earnings $1.34B$1.18B$1.07B$956.9M$856.4M$789.2M$720.7M$679.4M$589.7M$557.1M
Total equity $1.48B$1.29B$1.17B$1.04B$932.7M$853.6M$773.6M$727.6M$634.8M$601.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $113.6M$231.0M$208.8M$41.7M$100.3M$152.0M$95.3M$78.1M$94.2M$121.5M
Depreciation and amortisation $55.7M$56.7M$54.7M$44.7M$35.2M$32.3M$25.9M$28.4M$22.2M$18.9M
Stock-based compensation $19.6M$15.0M$11.5M$9.4M$8.2M$7.6M$3.1M$3.5M$3.2M$2.4M
Capital expenditure $38.0M$39.4M$44.0M$37.9M$19.8M$15.4M$29.6M$26.1M$24.4M$20.1M
Investing cash flow -$38.0M-$39.3M-$43.9M-$526.8M-$365.3M-$30.3M-$29.6M-$59.1M-$94.4M-$26.3M
Financing cash flow -$83.7M-$171.0M-$174.1M$472.5M$168.2M-$34.5M-$40.9M-$46.9M-$77.3M-$24.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-013339.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 859.6M Gross profit, FY2016: 338.1M Net income, FY2016: 106M Revenue, FY2017: 903.2M Gross profit, FY2017: 358.6M Net income, FY2017: 106.6M Revenue, FY2018: 973.7M Gross profit, FY2018: 373.3M Net income, FY2018: 133.6M Revenue, FY2019: 991.3M Gross profit, FY2019: 339.8M Net income, FY2019: 83.8M Revenue, FY2020: 1.1B Gross profit, FY2020: 383.1M Net income, FY2020: 106.9M Revenue, FY2021: 1.3B Gross profit, FY2021: 462.9M Net income, FY2021: 131.5M Revenue, FY2022: 1.7B Gross profit, FY2022: 564.5M Net income, FY2022: 121.5M Revenue, FY2023: 1.9B Gross profit, FY2023: 685.4M Net income, FY2023: 129.3M Revenue, FY2024: 2B Gross profit, FY2024: 806.4M Net income, FY2024: 190M Revenue, FY2025: 2.1B Gross profit, FY2025: 897.7M Net income, FY2025: 204.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $859.6M $903.2M $973.7M $991.3M $1.09B $1.35B $1.73B $1.93B $2.01B $2.13B
Gross profit $338.1M $358.6M $373.3M $339.8M $383.1M $462.9M $564.5M $685.4M $806.4M $897.7M
Net income $106.0M $106.6M $133.6M $83.8M $106.9M $131.5M $121.5M $129.3M $190.0M $204.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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