DORMDorman Products, Inc.
Motor Vehicle Parts & Accessories
- Revenue
- $2.1B
- 6.0% YoY
- Operating margin
- 14.1%
- 3.5% YoY
- EBITDA
- $333M
- 1.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.8×
- $274M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired56% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear48% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear15% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.7B | $1.9B | $2.0B | $2.1B | 6.0% |
| Operating income | $172M | $171M | $215M | $293M | $300M | 2.3% |
| Net income | $132M | $122M | $129M | $190M | $204M | 7.5% |
| Operating cash flow | $100M | $42M | $209M | $231M | $114M | 51% |
| Capex | $20M | $38M | $44M | $39M | $38M | 3.7% |
| Stock-based comp | $8M | $9M | $11M | $15M | $20M | 31% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $9M | 137 | 83 |
| FY2024 | $7M | $12M | 172 | 81 |
| FY2023 | $4M | $3M | 111 | 104 |
| FY2022 | $3M | $1M | 108 | 108 |
| FY2021 | $3M | $4M | 142 | 139 |