Daimler Truck Holding AG
5-year stock timeline
Daimler Truck completed its spin-off from Daimler/Mercedes-Benz and launched as an independent listed company (DTG) in December 2021, following the November prospectus that structured the capital increase for listing.
The company had already moved strategically on technology, closing the cellcentric fuel-cell joint venture with Volvo in March 2021—signalling a dual battery and hydrogen approach to zero-emission trucks. After listing, 2022 delivered a strong first full year despite supply-chain constraints and the Russia-Ukraine shock, with materially higher adjusted EBIT and the first dividend proposal for shareholders.
The investor narrative shifted as the company matured. At listing, the market priced in value unlocked from the parent split, supporting early positive sentiment through late 2021 and into 2022. During 2022, the story became operational recovery and margin improvement as management highlighted demand strength and pricing power. By 2023, after a record financial year, the narrative moved to record results and shareholder returns—a higher dividend and a sizeable €2bn share buyback programme emphasized disciplined capital allocation.
The stock's technical journey tracked these shifts. The listing phase in December 2021 produced initial volatility and a trading range as the market repriced a newly independent industrials name. A severe drawdown into early March 2022 followed the broader macro shock, then a multi-quarter recovery unfolded through 2023 as earnings and margins improved. From 2023 into 2025, strong rallies alternated with sharp volatility—notably in early 2024 and again through 2024–2025, with discrete large daily moves in mid-2025. Q2 2025 brought material EPS weakness, reflecting truck market normalization and periodic earnings disappointments that produced notable chart swings and retests of prior support and resistance.
Management is signalling broadly stable industrial margins into 2026 while maintaining the strategic dual-technology pathway. The share currently trades at €39.11.
Key risks and downside factors
Daimler Truck operates in a concentrated global market for heavy- and medium-duty commercial vehicles alongside major competitors like Volvo Group, Traton SE (MAN/Scania), and PACCAR. The industry faces structural headwinds from the shift to electrification and alternative powertrains, coupled with tightening emissions and safety regulations that demand higher R&D and capital spending. Regional competition across Europe, North America, and China, combined with cyclical OEM demand patterns, creates earnings volatility and margin pressure.
- Cyclical OEM demand risk: downturns in freight, construction, or trade shrink order books and squeeze margins.
- High transition/capex risk: accelerated electrification and hydrogen programs demand substantial R&D and capital deployment that could strain free cash flow generation.
- Competitive pressure from established OEMs—PACCAR, Volvo, Traton—poses a real risk to pricing power and market share in core segments. These are players with scale, distribution, and the ability to absorb margin compression that smaller competitors cannot.
- Supply-chain and regulatory risk remain material headwinds. Commodity price swings, intermittent parts availability, and shifting emissions or safety standards across regions all tighten margins and layer on compliance work that doesn't scale easily [2][9].
Competitive landscape
Daimler Truck competes in heavy-duty commercial vehicles alongside Volvo Group, PACCAR, TRATON (MAN/Scania/Navistar) and CNH Industrial across Europe, North America and Asia. The company is building technology and software partnerships while managing intense competitive pressure on total cost of ownership, electrification capabilities and service offerings. The business faces meaningful headwinds: demand swings tied to economic cycles, supply chain and commodity cost volatility, and regulatory momentum toward zero-emission vehicles that demands substantial capital deployment.
| Company | Ticker |
|---|---|
| PACCAR Inc. | PCAR.NASDAQ |
| TRATON SE | 8TRA.XETRA |
| CNH Industrial N.V. | CNH.NYSE |
Get More Stock Analyses Like This
Receive hand-picked stock recommendations with detailed analyses every week
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 | -5.57% | -5.81% | -9.10% |
| 3M | -2.76% | -0.49% | -10.25% |
| 6M | +14.99% | +9.00% | +3.02% |
| 1Y | +7.48% | +5.65% | -17.70% |
| 3Y | +60.39% | +10.01% | -21.75% |
| 5Y | — | — | — |
Get More Stock Analyses Like This
Receive hand-picked stock recommendations with detailed analyses every week
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 | 21.8 | 0.7 | 1.4 | 7.9 |
| 1Y ago | 10.8 | 0.6 | 1.4 | 20.2 |
| 3Y ago | 7.7 | 0.4 | 1.2 | -82.5 |
| 5Y ago | — | — | — | — |
Frequently Asked Questions
Where is the Daimler Truck Holding AG stock traded?
What does Daimler Truck Holding AG do?
What are the key metrics for DTG.XETRA?
How has Daimler Truck Holding AG's stock price performed?
How is DTG.XETRA valued?
Does DTG.XETRA pay dividends?
What are the key risks when investing in DTG.XETRA?
- Cyclical OEM demand risk: downturns in freight, construction, or trade shrink order books and squeeze margins.
- High transition/capex risk: accelerated electrification and hydrogen programs demand substantial R&D and capital deployment that could strain free cash flow generation.
- Competitive pressure from established OEMs—PACCAR, Volvo, Traton—poses a real risk to pricing power and market share in core segments. These are players with scale, distribution, and the ability to absorb margin compression that smaller competitors cannot.
- Supply-chain and regulatory risk remain material headwinds. Commodity price swings, intermittent parts availability, and shifting emissions or safety standards across regions all tighten margins and layer on compliance work that doesn't scale easily [web:2][web:9].
Who are the main competitors of Daimler Truck Holding AG?
- PACCAR Inc. (PCAR.NASDAQ)
- TRATON SE (8TRA.XETRA)
- CNH Industrial N.V. (CNH.NYSE)
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 | 6.67B | 2.71B |
| Net debt | 20.64B | 19.82B | 15.65B | 12.89B | 7.84B |
PWP Leeway UG (haftungsbeschränkt)
