Revenue growth has decelerated to 4.2% in 2026Q1, while gross margins experienced a sharp contraction to 36.0% from a 44.4% peak in 2025Q3, indicating heightened sensitivity to input costs.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 2.15B | 2.13B | 2.01B | 1.93B | 1.73B | 1.35B | 1.09B | 991.33M | 973.71M | 903.22M | 859.6M | 802.96M | 751.48M | 664.47M | 570.42M | 513.43M | 438.2M | 377.38M | 342.32M | 327.73M | 295.82M | 278.12M | 249.53M | 222.08M | 215.52M | 201.67M | 201.39M | 236.69M | 178.3M | 153M | 147M |
| Revenue Growth % | 5.04% | 6.03% | 4.11% | 11.31% | 28.88% | 23.11% | 10.23% | 1.81% | 7.8% | 5.07% | 7.05% | 6.85% | 13.09% | 16.49% | 11.1% | 17.17% | 16.12% | 10.24% | 4.46% | 10.78% | 6.37% | 11.46% | 12.36% | 3.04% | 6.87% | 0.14% | -14.91% | 32.75% | 16.54% | 4.08% | 29.17% |
| Cost of Goods Sold | 1.28B | 1.25B | 1.2B | 1.24B | 1.17B | 882.33M | 709.63M | 651.5M | 600.42M | 544.57M | 521.53M | 494.91M | 464.27M | 403.5M | 355.21M | 324.17M | 269.27M | 245.59M | 232.14M | 215.26M | 192.35M | 179.25M | 157M | 139.88M | 136.32M | 132.35M | 132.62M | 154.1M | 101.5M | 88.8M | 86.5M |
| COGS % of Revenue | - | 58.87% | 59.87% | 64.48% | 67.44% | 65.59% | 64.94% | 65.72% | 61.66% | 60.29% | 60.67% | 61.64% | 61.78% | 60.73% | 62.27% | 63.14% | 61.45% | 65.08% | 67.81% | 65.68% | 65.02% | 64.45% | 62.92% | 62.98% | 63.25% | 65.63% | 65.85% | 65.11% | 56.93% | 58.04% | 58.84% |
| Gross Profit | 874.92M | 876.16M | 806.36M | 685.42M | 564.45M | 462.92M | 383.12M | 339.82M | 373.28M | 358.65M | 338.07M | 308.05M | 287.2M | 260.97M | 215.21M | 189.27M | 168.93M | 131.79M | 110.19M | 112.47M | 103.48M | 98.86M | 92.52M | 82.21M | 79.2M | 69.31M | 68.77M | 82.59M | 76.8M | 64.2M | 60.5M |
| Gross Margin % | 40.67% | 41.13% | 40.13% | 35.52% | 32.56% | 34.41% | 35.06% | 34.28% | 38.34% | 39.71% | 39.33% | 38.36% | 38.22% | 39.27% | 37.73% | 36.86% | 38.55% | 34.92% | 32.19% | 34.32% | 34.98% | 35.55% | 37.08% | 37.02% | 36.75% | 34.37% | 34.15% | 34.89% | 43.07% | 41.96% | 41.16% |
| Gross Profit Growth % | - | 8.66% | 17.64% | 21.43% | 21.93% | 20.83% | 12.74% | -8.96% | 4.08% | 6.09% | 9.75% | 7.26% | 10.05% | 21.26% | 13.71% | 12.04% | 28.19% | 19.6% | -2.03% | 8.69% | 4.67% | 6.85% | 12.55% | 3.79% | 14.27% | 0.79% | -16.73% | 7.54% | 19.63% | 6.12% | 26.3% |
| Operating Expenses | 539.78M | 518.46M | 513.45M | 470.66M | 393.4M | 291.37M | 249.74M | 234M | 202.14M | 182.41M | 169.47M | 161.89M | 146.47M | 133.03M | 110.98M | 101.63M | 92.13M | 88.12M | 81.78M | 78.5M | 76.71M | 69.09M | 62.88M | 58.16M | 56.07M | 57.05M | 56.46M | 81M | 60.4M | 49.5M | 47.2M |
| OpEx % of Revenue | - | 24.34% | 25.55% | 24.39% | 22.69% | 21.66% | 22.85% | 23.6% | 20.76% | 20.2% | 19.72% | 20.16% | 19.49% | 20.02% | 19.46% | 19.79% | 21.02% | 23.35% | 23.89% | 23.95% | 25.93% | 24.84% | 25.2% | 26.19% | 26.02% | 28.29% | 28.04% | 34.22% | 33.88% | 32.35% | 32.11% |
| Selling, General & Admin | 539.78M | 518.46M | 513.45M | 470.66M | 393.4M | 291.37M | 249.74M | 234M | 202.14M | 182.41M | 169.47M | 161.89M | 146.47M | 133.03M | 110.98M | 101.63M | 92.13M | 88.12M | 81.78M | 78.08M | 73.81M | 69.09M | 62.88M | 58.16M | 58.21M | 57.05M | 56.46M | 73.4M | 54M | 45.2M | 42.8M |
| SG&A % of Revenue | - | 24.34% | 25.55% | 24.39% | 22.69% | 21.66% | 22.85% | 23.6% | 20.76% | 20.2% | 19.72% | 20.16% | 19.49% | 20.02% | 19.46% | 19.79% | 21.02% | 23.35% | 23.89% | 23.83% | 24.95% | 24.84% | 25.2% | 26.19% | 27.01% | 28.29% | 28.04% | 31.01% | 30.29% | 29.54% | 29.12% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 414K | 2.9M | 0 | 0 | 0 | -2.14M | 0 | 0 | 7.6M | 6.4M | 4.3M | 4.4M |
| Operating Income | 335.14M | 357.7M | 292.91M | 214.76M | 171.05M | 171.55M | 133.37M | 105.83M | 171.14M | 176.24M | 168.6M | 146.16M | 140.73M | 127.94M | 104.23M | 87.64M | 76.81M | 43.67M | 28.4M | 33.97M | 26.77M | 29.78M | 29.64M | 24.05M | 23.13M | 12.27M | 12.31M | 1.59M | 16.4M | 14.7M | 13.3M |
| Operating Margin % | 15.58% | 16.79% | 14.58% | 11.13% | 9.87% | 12.75% | 12.21% | 10.68% | 17.58% | 19.51% | 19.61% | 18.2% | 18.73% | 19.25% | 18.27% | 17.07% | 17.53% | 11.57% | 8.3% | 10.37% | 9.05% | 10.71% | 11.88% | 10.83% | 10.73% | 6.08% | 6.11% | 0.67% | 9.2% | 9.61% | 9.05% |
| Operating Income Growth % | - | 22.12% | 36.39% | 25.56% | -0.29% | 28.63% | 26.03% | -38.16% | -2.89% | 4.53% | 15.36% | 3.85% | 10% | 22.75% | 18.93% | 14.1% | 75.88% | 53.74% | -16.39% | 26.9% | -10.1% | 0.47% | 23.22% | 3.97% | 88.59% | -0.34% | 674.58% | -90.31% | 11.57% | 10.53% | 27.88% |
| EBITDA | 377.03M | 413.43M | 349.61M | 269.49M | 215.72M | 206.74M | 165.68M | 131.74M | 199.53M | 198.46M | 187.51M | 162.34M | 153.39M | 138.1M | 112.46M | 95.37M | 84.82M | 51.5M | 36.08M | 41.72M | 33.59M | 35.55M | 34.18M | 28.69M | 28.69M | 20.37M | 20.24M | 9.19M | 22.8M | 19M | 17.7M |
| EBITDA Margin % | 17.52% | 19.41% | 17.4% | 13.96% | 12.44% | 15.37% | 15.16% | 13.29% | 20.49% | 21.97% | 21.81% | 20.22% | 20.41% | 20.78% | 19.71% | 18.58% | 19.36% | 13.65% | 10.54% | 12.73% | 11.36% | 12.78% | 13.7% | 12.92% | 13.31% | 10.1% | 10.05% | 3.88% | 12.79% | 12.42% | 12.04% |
| EBITDA Growth % | 0.48% | 18.26% | 29.73% | 24.92% | 4.34% | 24.79% | 25.76% | -33.97% | 0.54% | 5.84% | 15.5% | 5.84% | 11.07% | 22.8% | 17.91% | 12.44% | 64.68% | 42.77% | -13.52% | 24.18% | -5.5% | 4% | 19.14% | -0% | 40.85% | 0.65% | 120.25% | -59.7% | 20.01% | 7.34% | 24.65% |
| D&A (Non-Cash Add-back) | 41.89M | 55.73M | 56.7M | 54.73M | 44.68M | 35.19M | 32.31M | 25.91M | 28.39M | 22.22M | 18.91M | 16.19M | 12.66M | 10.16M | 8.22M | 7.74M | 8.01M | 7.83M | 7.67M | 7.74M | 6.82M | 5.77M | 4.54M | 4.64M | 5.56M | 8.11M | 7.93M | 7.6M | 6.4M | 4.3M | 4.4M |
| EBIT | 222.59M | 304.02M | 295.98M | 216.56M | 171.78M | 171.93M | 136.34M | 106.04M | 171.14M | 176.24M | 168.6M | 146.16M | 140.73M | 127.94M | 104.23M | 87.64M | 76.81M | 43.67M | 28.4M | 33.97M | 26.77M | 29.78M | 29.64M | 24.05M | 23.13M | 12.27M | 12.31M | 1.59M | 16.4M | 14.7M | 13.3M |
| Net Interest Income | -21.22M | -28.57M | -39.73M | -48.06M | -15.58M | -2.16M | 0 | 0 | 0 | 0 | -241K | -216K | -204K | -189K | -123K | -156K | -209K | -343K | -920K | -1.86M | -2.27M | -2.62M | -2.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22K | 103K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 27.02M | 28.57M | 39.73M | 48.06M | 15.58M | 2.16M | 0 | 0 | 0 | 0 | 241K | 216K | 204K | 189K | 123K | 156K | 209K | 343K | 920K | 1.86M | 2.27M | 2.64M | 2.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -77.55M | -82.25M | -36.66M | -46.26M | -14.85M | -1.78M | 2.36M | -21K | -8K | 348K | -241K | -216K | -204K | -189K | -123K | -103K | -139K | -343K | -920K | -1.86M | -2.27M | -2.62M | -2.85M | -3.38M | -3.93M | -4.29M | -6.03M | -6.89M | -4.6M | -4.1M | -4.3M |
| Pretax Income | 257.59M | 275.44M | 256.25M | 168.5M | 156.2M | 169.77M | 135.74M | 105.81M | 171.13M | 176.59M | 168.36M | 145.94M | 140.53M | 127.75M | 104.11M | 87.53M | 76.67M | 43.33M | 27.48M | 32.12M | 24.5M | 27.16M | 26.79M | 20.68M | 19.2M | 7.98M | 6.28M | -5.3M | 11.8M | 10.6M | 9M |
| Pretax Margin % | 11.97% | 12.93% | 12.75% | 8.73% | 9.01% | 12.62% | 12.42% | 10.67% | 17.58% | 19.55% | 19.59% | 18.18% | 18.7% | 19.23% | 18.25% | 17.05% | 17.5% | 11.48% | 8.03% | 9.8% | 8.28% | 9.77% | 10.73% | 9.31% | 8.91% | 3.96% | 3.12% | -2.24% | 6.62% | 6.93% | 6.12% |
| Income Tax | 67.35M | 71.25M | 66.25M | 39.24M | 34.65M | 38.23M | 28.87M | 22.05M | 37.53M | 69.99M | 62.31M | 53.61M | 50.54M | 45.83M | 37.7M | 31.33M | 28.57M | 16.83M | 9.67M | 12.92M | 10.7M | 10.08M | 9.7M | 7.37M | 6.84M | 2.75M | 2.18M | -1.7M | 4.2M | 3.9M | 3.3M |
| Effective Tax Rate % | 26.15% | 25.87% | 25.85% | 23.29% | 22.18% | 22.52% | 21.27% | 20.84% | 21.93% | 39.63% | 37.01% | 36.74% | 35.97% | 35.87% | 36.22% | 35.79% | 37.26% | 38.85% | 35.19% | 40.24% | 43.68% | 37.13% | 36.23% | 35.65% | 35.65% | 34.45% | 34.75% | 32.08% | 35.59% | 36.79% | 36.67% |
| Net Income | 190.24M | 204.19M | 190M | 129.26M | 121.55M | 131.53M | 106.87M | 83.76M | 133.6M | 106.6M | 106.05M | 92.33M | 89.99M | 81.92M | 70.96M | 53.28M | 46.14M | 26.5M | 17.81M | 19.19M | 13.8M | 17.08M | 17.08M | 13.3M | 12.36M | 5.23M | 4.09M | -3.6M | 7.6M | 6.7M | 5.7M |
| Net Margin % | 8.84% | 9.59% | 9.46% | 6.7% | 7.01% | 9.78% | 9.78% | 8.45% | 13.72% | 11.8% | 12.34% | 11.5% | 11.97% | 12.33% | 12.44% | 10.38% | 10.53% | 7.02% | 5.2% | 5.86% | 4.66% | 6.14% | 6.85% | 5.99% | 5.73% | 2.59% | 2.03% | -1.52% | 4.26% | 4.38% | 3.88% |
| Net Income Growth % | -11.38% | 7.47% | 46.99% | 6.34% | -7.59% | 23.08% | 27.59% | -37.3% | 25.33% | 0.52% | 14.86% | 2.6% | 9.85% | 15.44% | 33.19% | 15.47% | 74.14% | 48.74% | -7.19% | 39.09% | -19.2% | -0.02% | 28.39% | 7.66% | 136.32% | 27.69% | 213.75% | -147.37% | 13.43% | 17.54% | 29.55% |
| Net Income (Continuing) | 190.24M | 204.19M | 190M | 129.26M | 121.55M | 131.53M | 106.87M | 83.76M | 133.6M | 106.6M | 106.05M | 92.33M | 89.99M | 81.92M | 66.41M | 56.2M | 48.1M | 26.5M | 17.81M | 19.19M | 13.8M | 17.08M | 17.08M | 13.3M | 12.36M | 5.23M | 4.09M | -3.6M | 7.6M | 6.7M | 5.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.56M | -2.92M | -1.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.25 | 6.64 | 6.14 | 4.10 | 3.85 | 4.12 | 3.30 | 2.56 | 4.02 | 3.13 | 3.07 | 2.60 | 2.49 | 2.24 | 1.94 | 1.47 | 1.27 | 0.74 | 0.50 | 0.53 | 0.38 | 0.47 | 0.23 | 0.37 | 0.35 | 0.15 | 0.12 | -0.11 | 0.23 | 0.21 | 0.18 |
| EPS Growth % | -11.05% | 8.14% | 49.76% | 6.49% | -6.55% | 24.85% | 28.91% | -36.32% | 28.43% | 1.95% | 18.08% | 4.42% | 11.16% | 15.46% | 31.97% | 15.75% | 71.62% | 48% | -5.66% | 39.47% | -19.15% | 104.35% | -37.84% | 5.71% | 133.33% | 25% | 209.09% | -147.83% | 9.52% | 16.67% | 157.14% |
| EPS (Basic) | - | 6.64 | 6.17 | 4.13 | 3.87 | 4.13 | 3.31 | 2.57 | 4.05 | 3.18 | 3.07 | 2.65 | 2.53 | 2.25 | 1.95 | 1.49 | 1.30 | 0.75 | 0.51 | 0.54 | 0.39 | 0.48 | 0.24 | 0.39 | 0.37 | 0.15 | 0.12 | -0.11 | 0.23 | 0.21 | 0.18 |
| Diluted Shares Outstanding | 30.42M | 30.76M | 30.96M | 31.53M | 31.54M | 31.96M | 32.37M | 32.69M | 33.21M | 34.05M | 34.6M | 35.54M | 36.19M | 36.62M | 36.49M | 36.37M | 36.23M | 35.99M | 36.1M | 36.26M | 36.28M | 36.87M | 36.69M | 36.2M | 35.79M | 34.37M | 34.04M | 33.5M | 33.68M | 32.17M | 31.99M |
| Basic Shares Outstanding | 30.23M | 30.76M | 30.8M | 31.3M | 31.43M | 31.81M | 32.28M | 32.61M | 33M | 33.57M | 34.52M | 34.86M | 35.61M | 36.46M | 36.48M | 35.87M | 35.53M | 35.32M | 35.35M | 35.39M | 35.44M | 35.83M | 35.3M | 34.59M | 33.95M | 34.29M | 33.43M | 33.5M | 33.32M | 32.17M | 31.99M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 77.11% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Supply chain tariff exposure
According to the provided quarterly income statements, Dorman's revenue growth has exhibited significant volatility, decelerating to 4.2% in 2026Q1 from a peak of 8.3% in 2025Q1, suggesting that the company's reliance on retail stocking cycles may be creating inconsistent top-line performance across recent reporting periods.
The revenue trajectory appears to be decoupling from the steady demand typically associated with an aging vehicle fleet. Investors should monitor whether this deceleration reflects a structural shift in retail inventory management or merely a temporary lull in new SKU adoption rates.
As reported in the financial data, Dorman's gross margin experienced a sharp contraction to 36.0% in 2026Q1, down from a 44.4% peak in 2025Q3, which indicates that the company's cost structure remains highly susceptible to fluctuations in logistics and raw material input pricing.
This margin compression suggests that Dorman may lack the immediate pricing power to fully offset rising COGS during periods of supply chain disruption. The inability to maintain the 40%+ margin threshold observed in mid-2025 warrants further investigation into the company's long-term ability to pass costs to major retail partners.
Based on the income statement figures, operating income fell to $58.8M in 2026Q1, representing an 11.1% margin that significantly trails the 19.4% margin achieved in 2025Q3, demonstrating that SG&A expenses are not scaling efficiently in response to the recent revenue deceleration observed in the latest quarter.
The lack of operating leverage suggests that fixed costs are becoming a larger burden on the bottom line as revenue growth slows. This trend may indicate that the company's recent expansion efforts are currently failing to generate the expected incremental profitability.
Data from the income statements reveals that net income dropped to $11.6M in 2025Q4, a sharp decline from previous quarters, which appears to be driven by non-operating items or significant adjustments that warrant further investigation into the sustainability of reported earnings per share.
The wide variance in net income relative to operating income suggests that investors should look closely at the footnotes for one-time charges or tax anomalies. The inconsistency in bottom-line performance makes it difficult to rely on current EPS figures as a baseline for future valuation.
Quick answers to the most common questions about buying DORM stock.
For fiscal year 2025, Dorman Products, Inc. (DORM) reported total revenue of $2.13B. This represents a 1349.2% increase compared to $147.0M in 1996.
Dorman Products, Inc. (DORM) is profitable, generating $204.2M in net income for the fiscal year ending 2025 with a net profit margin of 9.6%.
Dorman Products, Inc. (DORM) reported an operating income of $357.7M, resulting in an operating profit margin of 16.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Dorman Products, Inc. (DORM) generated $876.2M in gross profit for the year, representing a gross profit margin of 41.1%. This demonstrates the company's core pricing power and production efficiency.