Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Daimler Truck Holding AG is the holding company of Daimler Truck AG, recognized as the world's largest commercial vehicle manufacturer, operating over 40 production sites globally with more than 100,000 employees. Headquartered in Leinfelden-Echterdingen, Germany, it specializes in designing, producing, and marketing medium- and heavy-duty trucks, buses, and related services under iconic brands including Mercedes-Benz, Freightliner, Western Star, FUSO, BharatBenz, Rizon, Setra, and Thomas Built Buses. The company leads the global market in trucks over 6 tons gross vehicle weight, delivering around 489,000 units in 2019, while its bus division excels in Europe, Mexico, Brazil, and Argentina. Daimler Truck Holding AG also provides financial services like financing, leasing, and insurance through Daimler Truck Financial Services, alongside telematics via Fleetboard and used vehicle solutions through TruckStore. Spun off from Daimler AG in December 2021 and listed publicly, it maintains a vast network across North America, Europe, Asia, Latin America, and beyond, powering global logistics with innovative technologies aimed at CO2-neutral mobility. Key markets include NAFTA (37% of sales), Asia (32%), and Western Europe (17%).
Operating margin is thin at 6.05%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 15.8% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 7.13% to 3.77%, capital efficiency is deteriorating. Net debt of €16.45B represents 5.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€43.06B
▼ -15.8% YoY
Net Income (TTM)
€1.43B
▼ -33.7% YoY
Op. Margin
5.09%
▼ -1.6pp YoY
ROIC
3.77%
▼ -3.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2.42B
▲ +991.3% YoY
Op. Cash Flow (TTM)
€3.41B
▲ +58.0% YoY
Net Debt
€16.45B
Cash & Equiv.
€11.20B
3Y CAGR: -3.7%
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