Dorman Products, Inc.
dormanproducts.comWhat Do They Do?
Sells replacement parts and upgrade components for passenger cars and light-duty trucks to aftermarket retailers, wholesale distributors, and dealers. Also sells parts and accessories for medium- and heavy-duty trucks and specialty vehicles through distributors, repair businesses, and dealers.
10-K for FY2025, filed Feb 27, 2026We are one of the leading suppliers of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars…View ↗
Most of our products are designed for light-duty vehicles, which are passenger cars and light-duty trucks. Two distinct groups of end-users…View ↗
The heavy-duty vehicle sector is focused on medium- and heavy-duty vehicles. The largest purchasers of aftermarket parts for this sector…View ↗
This sector consists of direct-to-consumer and direct-to-dealer channels through both retail and e-commerce platforms. Key purchasing…View ↗
How Do They Make Money?
Customers generally place purchase orders for parts, usually for a single transaction. Dorman makes the sale at a point in time, and customer credit terms are less than one year.
10-K for FY2025, filed Feb 27, 2026Our primary source of revenue is from contracts with and purchase orders from customers. In most instances, our contract with a customer is…View ↗
For certain customers, we may also enter into a sales agreement that outlines pricing considerations as well as the framework of terms and…View ↗
All of our revenue was recognized under the point-in-time approach during the years ended December 31, 2025, 2024, and 2023. Also, we do…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment ↗
$2.1B
-
10-K for FY2025, filed Feb 27, 2026
$2.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Light Duty
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
79%
FY2022: 82%
|
Light Duty, FY2025
$1.7B Sources
|
Sold outright |
|
Heavy Duty
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
11%
FY2022: 15%
|
Heavy Duty, FY2025
$232.6M Sources
|
Sold outright |
|
Specialty Vehicle
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
9.7%
FY2022: 2.9%
|
Specialty Vehicle, FY2025
$205.7M Sources
|
Sold outright |
Who Are Their Customers?
Light-duty parts go to retailers and wholesale distributors, which serve vehicle owners and repair shops; heavy-duty parts go to independent distributors, component specialists, rebuilders, and auto parts stores. Specialty-vehicle parts reach consumers, dealers, and installers through direct, retail, and online channels.
10-K for FY2025, filed Feb 27, 2026Most of our products are designed for light-duty vehicles, which are passenger cars and light-duty trucks. Two distinct groups of end-users…View ↗
The heavy-duty vehicle sector is focused on medium- and heavy-duty vehicles. The largest purchasers of aftermarket parts for this sector…View ↗
This sector consists of direct-to-consumer and direct-to-dealer channels through both retail and e-commerce platforms. Key purchasing…View ↗
We operate and report our results in three business segments, Light Duty, Heavy Duty, and Specialty Vehicle, consistent with the three…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
10-K for FY2025, filed Feb 27, 2026
$299.5MView ↗
10-K for FY2025, filed Feb 27, 2026
$204.2MView ↗
10-K for FY2025, filed Feb 27, 2026
$75.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 27, 2026
$59.2MView ↗
- ▼ −23%
- vs $76.4M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 27, 2026
Open tableView ↗
Growing. Revenue grew 58% in 4 years, from $1.3B in FY2021 to $2.1B in FY2025, about 12% a year.
Who Do They Compete With?
Competes with Standard Motor Products, Tenneco, TrakMotive, Bosch Auto Parts, Gates, Continental Automotive Systems, MevoTech, ACDelco, Motorcraft, Cummins, Automann, WARN Industries, and Rocky Mountain ATV/MC
10-K for FY2025, filed Feb 27, 2026The motor vehicle aftermarket industry is highly competitive, and our success depends on our ability to compete with domestic and…View ↗
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