Daimler Truck Holding AG
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5-year stock timeline
2026-08-07 — Q2 2026 results; guidance raised
Daimler Truck reported strong Q2 2026 with group revenue near €12.3bn, adjusted EBIT around €800m, and net profit approximately €1.5bn. The company raised full-year 2026 adjusted EBIT guidance to €3.6–4.1bn and lifted free-cash-flow outlook to €3.0–3.5bn. Trucks North America raised unit-sales and return-on-sales guidance following tariff-related improvements.
Market reaction treated the company as operationally recovering with improving margins and cash conversion. Investors shifted from cautious positioning to more constructive views on earnings momentum and North America recovery. The stock exhibited an upward move on better-than-expected results and guidance lift, reversing prior consolidation into a new uptrend [1][4][3].
2026 H1 (Jan–Jul) — U.S. Department of Commerce outcome and tariff tailwinds
Approval of Daimler Truck's U.S. Content application by the U.S. Department of Commerce (effective Nov 1, 2025) began to materially improve U.S. tariff exposure and profit mix for Trucks North America. Management repeatedly highlighted tariff-related improvements through 2026.
Investors moved from discounting tariff risk to anticipating structurally higher margins in North America. Sentiment improved as guidance and unit-sales targets were revised upward. The transition from range to uptrend reflected macro and regulatory risk premium fading, with volumes normalizing [2][1].
2026-03 (FY 2025 / full-year messaging) — strong year-end cash flow and order momentum entering 2026
The company announced strong year-end cash flow and rising order momentum, positioning for operational improvement on higher volumes and efficiency gains. Management emphasized record 2023 results as background for continued margin improvement.
This reinforced the narrative of progressing toward the 2025 and medium-term profitability ambition. Investors increasingly treated the stock as improving operationally rather than purely cyclical. Early-2026 stabilization and mild uptrend reflected improving fundamentals and cash conversion becoming a focal point [8][11].
2025 (throughout) — Product electrification progress and model launches
The company continued roll-out of battery-electric models, including eActros 600 long-distance expansion and Mercedes-Benz eIntouro premiere in 2025. Zero-emission vehicle sales increased, with the company highlighting more than ten ZEV models in series production.
The market increasingly recognized Daimler Truck's EV roadmap as credible and executional. This helped re-rate parts of the business from pure cyclical truck maker toward longer-term structural participation in decarbonization of transport, though skeptics pointed to capex and scale-up risk. An extended range-bound phase included periodic rallies on product milestones and investor re-rating on future growth expectations [12][13].
2024-05 (AGM) — Record 2023 results reaffirmed; dividend proposed
Following record 2023 performance, management reaffirmed strategic ambitions at the annual general meeting and proposed a €1.90 per-share dividend. 2023 results showed revenue of €55.9bn, adjusted EBIT of €5.5bn, and units of approximately 526k. Zero-emission vehicle sales rose strongly.
Investor perception shifted toward acknowledgement that Daimler Truck can deliver improved profitability at scale. The narrative moved from turnaround to quality cyclical with structural improvements. Dividend supported income-oriented investors. A strong post-results rally and transition to a multi-month uptrend followed as investors rewarded the record results and guiding commentary [12].
2023 (full year) — Record operating performance and EV volume ramping
Daimler Truck reported record 2023 performance with revenue up 10% to €55.9bn and adjusted EBIT up 39% to approximately €5.5bn. Free cash flow in the Industrial Business improved materially and zero-emission vehicle sales almost quadrupled.
The market moved to a "best-in-cycle" and improving-margin story. The narrative shifted from spin-off weakness to independent scale economics and margin improvement. Both momentum investors and value investors took interest. A strong secular rally moved through parts of 2023, punctuated by drawdowns on cyclical news but overall trending upward for the year [12].
2022 (Mar) — Index inclusion and post-IPO stabilization
Following the December 2021 spin-off and IPO, Daimler Truck entered MDAX on February 11, 2022, and qualified for the DAX on March 3, 2022. The company operated as an independent listed entity after the 2021 listing.
Early public-market phase carried headline risk and re-rating pressures as investors evaluated independent capital structure, fleet-cycle exposure, and management's ability to run a pure-play truck maker. Sentiment fluctuated between optimism for focused strategy and concern about cyclicality. The stock experienced high-volatility post-IPO stabilization with wide trading ranges and intermittent drawdowns as it found a post-spin valuation equilibrium [14].
2021-12 (Dec 2021) — Spin-off and market debut
Daimler Truck was spun off from Daimler AG (now Mercedes-Benz Group AG) and listed publicly in December 2021.
The listing created a separate pure-play truck equity story. Initial investor focus was on stand-alone governance, capital allocation, and whether the company could improve margins independent of the Mercedes-Benz car business. Early narrative was mixed between structural potential and heavy exposure to truck-cycle and capex for electrification. An IPO debut followed by initial volatile trading and an early drawdown reflected the market parsing valuation and macro risks tied to supply chains and truck demand [14].
Key risks and downside factors
Daimler Truck (DTG.XETRA) operates across heavy- and medium-duty commercial vehicles, buses, and related services in a global market dominated by large OEM groups with established positions in Europe, North America, China, and electrification capabilities. Its main public competitors are Volvo Group, Traton Group, PACCAR, and Iveco Group. Regional players and technology specialists—including Chinese OEMs, BYD, Isuzu, Tata, and Navistar—alongside powertrain suppliers like Cummins exert meaningful pressure on pricing, electrification roadmaps, and service offerings. The business faces material headwinds from cyclical demand in end-markets, particularly North America; execution and cost challenges tied to the shift toward electric and hydrogen powertrains; swings in currency and commodity prices; and regulatory, trade, or tariff changes that disrupt supply chains and market access.
- Cyclical exposure in end markets presents a meaningful constraint. When freight demand softens across North America and Europe, truck volumes contract and margins compress in tandem, creating a direct drag on results.
- Electrification and technology execution risk: The inability to scale battery-electric and fuel-cell vehicles alongside their charging and refueling infrastructure on schedule could diminish competitive positioning and necessitate elevated capital expenditure.
- Supply-chain, commodity, and currency volatility present tangible margin pressure. Steel prices, semiconductor availability, battery raw materials, and foreign exchange swings can all move meaningfully enough to compress profitability, particularly for manufacturers with thin hedging or long lead times where pricing power lags input cost changes.
- Regulatory, trade, and tariff risk encompasses stricter emissions standards, local content requirements, and tariffs—particularly across China, the US, and EU—that can either raise operational costs or restrict market access.
Competitive landscape
Daimler Truck competes in a fragmented global heavy- and medium-duty commercial vehicle market dominated by large OEM groups—Volvo Group, TRATON, PACCAR, and Iveco—alongside regional players and EV-focused entrants from China and the U.S. Competition plays out across scale, powertrain technology (diesel, battery-electric, hydrogen), service and finance offerings, and software/telematics capabilities. The business faces material headwinds from cyclical demand in end markets, volatile production and commodity costs, intensifying competition from EV and fuel-cell manufacturers (particularly low-cost Chinese competitors), shifting regulatory requirements around emissions and zero-emission mandates, and execution risks embedded in R&D investment, supply chain resilience, and the dealer and service network footprint.
| Company | Ticker |
|---|---|
| PACCAR Inc. | PCAR.NASDAQ |
Private competitors
- Tesla (Tesla Semi division - private in certain regions for truck program until full commercial scale)
- Nikola Corporation (early-stage commercial truck programs and hydrogen fuel-cell efforts)
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Start Free TrialPerformance Figures of Daimler Truck Holding AG
Relative Performance vs Benchmarks
| Period | Daimler Truck Holding AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +6.12% | -0.36% | +1.67% |
| 3M | +12.95% | +4.18% | +7.58% |
| 6M | +12.51% | +6.74% | -1.79% |
| 1Y | +13.84% | +5.30% | -8.15% |
| 3Y | +55.06% | -13.60% | -29.64% |
| 5Y | — | — | — |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 13.5 | 0.8 | 1.5 | 9.1 |
| 1Y ago | 13.3 | 0.6 | 1.6 | 10.3 |
| 3Y ago | 8.9 | 0.5 | 1.4 | 22.3 |
| 5Y ago | — | — | — | — |
Frequently Asked Questions
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- Cyclical exposure in end markets presents a meaningful constraint. When freight demand softens across North America and Europe, truck volumes contract and margins compress in tandem, creating a direct drag on results.
- Electrification and technology execution risk: The inability to scale battery-electric and fuel-cell vehicles alongside their charging and refueling infrastructure on schedule could diminish competitive positioning and necessitate elevated capital expenditure.
- Supply-chain, commodity, and currency volatility present tangible margin pressure. Steel prices, semiconductor availability, battery raw materials, and foreign exchange swings can all move meaningfully enough to compress profitability, particularly for manufacturers with thin hedging or long lead times where pricing power lags input cost changes.
- Regulatory, trade, and tariff risk encompasses stricter emissions standards, local content requirements, and tariffs—particularly across China, the US, and EU—that can either raise operational costs or restrict market access.
Who are the main competitors of Daimler Truck Holding AG?
- PACCAR Inc. (PCAR.NASDAQ)
When does Daimler Truck Holding AG report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.90 EUR | 4.33% | 4.46% |
| 2025 | 1.90 EUR | 4.79% | |
| 2024 | 1.90 EUR | 4.62% | |
| 2023 | 1.30 EUR | 4.10% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 45.53B | 54.08B | 55.89B | 50.95B | 39.76B |
| Operating income (EBIT) | 4.07B | 5.76B | 4.92B | 2.93B | 1.49B |
| Net income | 1.97B | 2.90B | 3.77B | 2.67B | 2.35B |
| Free cash flow | 3.22B | 138.00M | -920.00M | -1.42B | 1.34B |
| Total assets | 72.53B | 73.85B | 71.21B | 63.97B | 54.80B |
| Equity | 21.55B | 22.20B | 21.61B | 6.67B | 2.71B |
| Net debt | 20.64B | 19.82B | 15.65B | 12.89B | 7.84B |
PWP Leeway UG (haftungsbeschränkt)
