Daimler Truck Holding AG
5-year stock timeline
Daimler Truck (DTG.XETRA) is trading at €43.05 as of 2026-05-28. Over the past six years, the company has evolved from a carved-out spin-off into a listed industrial player reshaping itself for electrification while navigating cyclical commercial-vehicle demand and occasional guidance surprises.
Major events (2020–2022)
In early 2021, Daimler AG announced plans to split into Mercedes-Benz (passenger cars and vans) and a standalone truck company. This set in motion the separation actions that followed that year. On December 10, 2021, Daimler Truck began trading on the Frankfurt exchange following the spin-off. Shares were distributed to Daimler and Mercedes-Benz shareholders, creating a meaningful free float and establishing the standalone equity story with immediate price discovery.
Major events (2023–2026)
The company published standalone annual results and investor communications through 2023, establishing the post-IPO operating profile and shaping market expectations for margins and capital allocation. Between 2024 and 2025, management pursued strategic initiatives: a European cost-reduction program, plans for charging infrastructure through TruckCharge, and testing of GenH2 fuel-cell prototypes as part of its zero-emission roadmap. In 2025, the company secured a significant Amazon order for eActros vehicles, validating commercial demand for its electric trucks. That same year, a guidance cut and flagged headwinds for the second half produced sharp price reactions.
How the investment narrative shifted
At the outset, investors viewed the business as a classic carve-out opportunity—a chance to realize trucking margins and free cash generation in a pure-play format. As broker coverage emerged in 2023, many treated the stock as a cheaply valued industrial with meaningful upside tied to electrification execution and capital returns. By 2025, the narrative had split: supporters pointed to structural EV contracts, cash generation and consolidation potential, while skeptics highlighted cyclical North American weakness and execution risk following the guidance cuts.
Price action and technical phases
The stock listed in December 2021 at approximately €28 per share and entered a discovery phase with rallies through 2022 and 2023 as the market repriced the standalone metrics. Through 2023, price action showed consolidation and re-rating attempts driven by broker research and results, with analysts noting low multiples relative to peers. From 2024 into mid-2025, the chart displayed sideways ranges interrupted by sharp moves—rallies on positive EV contract announcements and strategic updates, followed by abrupt drawdowns when guidance was cut in mid-2025, producing one of the larger short-term pullbacks in the period.
Key risks and downside factors
Daimler Truck operates in a concentrated competitive landscape alongside Volvo Group, PACCAR, Traton (Scania/MAN/Navistar), and Iveco, spanning internal-combustion, battery-electric, and hydrogen segments. The space is tightening—newer EV and software-focused competitors are chipping away at traditional margin structures and aftermarket service revenue. The company faces real structural headwinds: the sheer capital and R&D required for decarbonization, the race to capture software and autonomy economics, exposure to supply-chain fragility and regional market concentration, and the constant threat of competitive pricing pressure that can hollow out the more profitable service business downstream.
- Scaling battery-electric and fuel-cell truck technology demands substantial R&D and capital investment, which pressures margins and lengthens the path to profitability [6].
- Software and platform risk: if the company fails to secure its software-defined vehicle platforms or find a path to monetize telematics and autonomy capabilities, it risks ceding recurring aftersales revenue to competitors or joint venture partners.
- Regional competition from low-cost Chinese OEMs and entrenched regional players poses a real risk to Daimler's market share in Asia and emerging markets, even with the strength of its global brands.
- Supply-chain and cyclicality: semiconductor shortages, battery constraints, and raw-material availability—combined with cyclical freight demand—create meaningful swings in revenue, margins, and working capital.
Competitive landscape
Daimler Truck Holding AG (DTG) manufactures heavy- and medium-duty trucks and trades on Xetra under ISIN DE000DTR0CK8. The competitive set includes Traton SE, Volvo Group, and Iveco Group—all competing on trucks, parts, services, and electrification across Europe and North America. The business faces pressure from accelerating electrification and technology shifts, cyclical truck demand, pricing competition from lower-cost manufacturers, and rising costs to meet emissions and safety regulations.
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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 | +5.95% | +1.58% | +0.50% |
| 3M | +4.58% | +5.43% | -5.12% |
| 6M | +23.39% | +18.22% | +12.95% |
| 1Y | +18.51% | +14.22% | -10.64% |
| 3Y | +81.25% | +24.11% | -4.42% |
| 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 | 24.0 | 0.7 | 1.5 | 8.6 |
| 1Y ago | 10.7 | 0.6 | 1.4 | 15.3 |
| 3Y ago | 7.4 | 0.4 | 1.1 | -80.0 |
| 5Y ago | — | — | — | — |
Frequently Asked Questions
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- Scaling battery-electric and fuel-cell truck technology demands substantial R&D and capital investment, which pressures margins and lengthens the path to profitability [web:6].
- Software and platform risk: if the company fails to secure its software-defined vehicle platforms or find a path to monetize telematics and autonomy capabilities, it risks ceding recurring aftersales revenue to competitors or joint venture partners.
- Regional competition from low-cost Chinese OEMs and entrenched regional players poses a real risk to Daimler's market share in Asia and emerging markets, even with the strength of its global brands.
- Supply-chain and cyclicality: semiconductor shortages, battery constraints, and raw-material availability—combined with cyclical freight demand—create meaningful swings in revenue, margins, and working capital.
Who are the main competitors of Daimler Truck Holding AG?
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)
