Daimler Truck Holding AG
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5-year stock timeline
2021-12-10 — Listing / first trading day as independent listed company
Daimler Truck Holding AG began trading on XETRA (primary market) with first trading day 10 December 2021 after the spin-off from Daimler AG. The IPO/spin created a new standalone investment vehicle; early market perception mixed between a high-quality industrial capital story and a cyclical OEM exposed to heavy-duty truck demand and electrification costs. The spin introduced valuation re-rating debates around pure-play truck OEM positioning versus the diversified Daimler legacy.
2022-09 — eActros LongHaul unveiling at IAA Transportation
Daimler Truck unveiled the battery-electric eActros LongHaul (approximately 500 km range, megawatt charging capable) at IAA Transportation 2022 and announced readiness for series production planned for 2024. The unveiling signaled a technology and product roadmap for heavy-duty long-haul electrification, shifting some investor focus from near-term cyclical truck demand to the larger structural opportunity in zero-emission heavy trucks. Market commentary emphasized the company's engineering scale but noted commercialization and margin questions remained open.
2023 — First integrated Annual Report / sustainability commitments
Publication of Daimler Truck's first integrated annual report and formal sustainability commitments, including electrifying 100% of delivery traffic to its largest assembly plant in Wörth by end-2026. This reinforced ESG and transition credentials; investors increasingly evaluated Daimler Truck on both near-term industrial performance and medium-term decarbonization execution risk and reward. The company's sustainability targets became part of the investment thesis for longer-term holders.
2024-03-01 — FY 2023 results / outlook for 2024
Daimler Truck published FY 2023 results (released March 2024) showing record results for 2023 and presented a robust outlook for 2024, stating it was on track for its 2025 margin ambition. This reinforced a narrative that the company could deliver both growth and improving margins—investors treated the stock more as an industrial compounder with a clear margin roadmap tied to product mix and cost recovery.
2024 (throughout year) — Product launches and electrification scaling
Daimler Truck expanded its battery-electric portfolio including series production readiness and customer deployments. Freightliner eM2 and eCascadia activities in North America and Mercedes-Benz eActros 600 readiness for series production were prominent. The company also emphasized electrifying inbound logistics to Wörth and scaling zero-emission models. Investor perception shifted to long-term transition positioning: Daimler Truck was increasingly framed as an EV-transition play within heavy-duty transport with meaningful R&D and early commercial deployments, while near-term profitability remained linked to ICE truck cycles. Company reported expanding to ten zero-emission models in series production by 2023/early-2024 and announced eActros LongHaul series-production readiness planned for 2024; program rollouts and pilot fleets became visible in 2024.
2025 — Full-year 2025 results (unit sales baseline)
Daimler Truck reported full-year 2025 unit sales and results that became the immediate comparable base for 2026 guidance. After post-spin market volatility, 2025 performance began to paint Daimler Truck as a large industrial OEM moving from carve-out volatility toward predictable OEM cycles, reinforcing a recovery narrative for 2026 planning. Reported 2025 group unit sales: 315,000 (used as the 2025 baseline in 2026 guidance discussions).
2026-08-07 — Q2 2026 / guidance raise
Daimler Truck reported Q2 2026 results and raised full-year 2026 guidance, citing an improved outlook for Trucks North America and accelerating earnings in H2. Market perception shifted toward a recovery and operational-improvement story driven by North America—investors began to see the company as executing on margin recovery and volume rebound rather than a prolonged cyclical trough. Group adjusted EBIT guidance raised to €3.6–€4.1bn (previous guidance €3.2–€3.7bn; 2025 actual €3.5bn). Industrial Business revenue guidance lifted to €43–€47bn (2025: €42.1bn). Group unit sales now guided to 340,000–370,000 units (2025: 315,000) and Trucks North America unit sales 160,000–180,000 with an adjusted return on sales of 9–11% (previously 6–8%).
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 | -9.97% | -6.64% | -11.38% |
| 3M | -2.25% | -2.34% | -6.15% |
| 6M | -3.47% | -9.09% | -18.71% |
| 1Y | +21.14% | +18.04% | +3.45% |
| 3Y | +44.14% | -20.94% | -43.94% |
| 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 | 12.2 | 0.7 | 1.4 | 8.2 |
| 1Y ago | 11.4 | 0.5 | 1.3 | 8.8 |
| 3Y ago | 8.6 | 0.5 | 1.3 | 23.1 |
| 5Y ago | – | – | – | – |
Frequently Asked Questions
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What are the key risks when investing in DTG.XETRA?
- 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 | 4.86B | 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 | 20.05B | 15.92B |
| Net debt | 20.64B | 19.82B | 18.66B | 12.89B | 7.84B |
PWP Leeway UG (haftungsbeschränkt)
