Dana Incorporated (DAN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DAN SEC filings page.
Dana Incorporated (DAN) reported $7.7B in revenue over the twelve months to Jun 30, 2026, up 3.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Dana restored profitability on lower sales, but the recovery sits beside heavier leverage and a thinner short-term liquidity cushion.
The 2025 rebound came through margin recovery rather than volume growth: revenue fell3.0% , while gross margin rose from4.9% to8.0% and operating margin moved back above zero. That combination suggests improved cost absorption or mix, not merely a larger sales base doing the work.
The balance sheet became more financially concentrated. The
Cash generation improved, but lower reinvestment did much of the work. Operating cash flow rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dana Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dana Incorporated has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from -2.3% the prior year.
Dana Incorporated's revenue declined 3.0% year-over-year, from $7.7B to $7.5B. This contraction results in a growth score of 28/100.
Dana Incorporated has elevated debt relative to equity (D/E of 3.05), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
Dana Incorporated's current ratio of 1.17 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Dana Incorporated has a free cash flow margin of 4.0%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Dana Incorporated generates a 10.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from -4.3% the prior year.
Dana Incorporated scores 1.42, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dana Incorporated passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dana Incorporated generates $6.02 in operating cash flow ($512.0M OCF vs $85.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dana Incorporated earns $0.77 in operating income for every $1 of interest expense ($139.0M vs $181.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Dana Incorporated generated $2.0B in revenue in Q2 2026. This represents an increase of 3.9% from the same quarter a year earlier. Against the prior quarter it is up 7.6%.
Dana Incorporated's EBITDA was $160.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.1% from the same quarter a year earlier. Against the prior quarter it is up 50.9%.
Dana Incorporated reported -$5.0M in net income in Q2 2026. This represents a decrease of 118.5% from the same quarter a year earlier. Against the prior quarter it is down 100.5%.
Dana Incorporated earned -$0.05 per diluted share (EPS) in Q2 2026. This represents a decrease of 126.3% from the same quarter a year earlier. Against the prior quarter it is down 100.5%.
Cash & Balance Sheet
Dana Incorporated recorded an outflow of $33.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 560.0% from the same quarter a year earlier. Against the prior quarter it is up 87.2%.
Dana Incorporated held $331.0M in cash against $1.3B in long-term debt as of Q2 2026.
Dana Incorporated paid $0.12 per share in dividends in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Dana Incorporated's gross margin was 10.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.
Dana Incorporated's operating margin was 3.8% in Q2 2026, reflecting core business profitability. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.
Dana Incorporated's net profit margin was -0.3% in Q2 2026, showing the share of revenue converted to profit. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 58.4 percentage points.
Dana Incorporated's ROE was -0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 55.9 percentage points.
Capital Allocation
Dana Incorporated spent $44.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 64.8%.
Dana Incorporated invested $142.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 283.8% from the same quarter a year earlier. Against the prior quarter it is up 129.0%.
Not reported for Q2 2026.
DAN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B+3.9% | $1.9B+4.9% | $1.9B+5.2% | $1.9B+1.1% | $1.9B-5.5% | $1.8B-11.6% | $1.8B | $1.9B-28.9% |
| Cost of Revenue | $1.8B+0.2% | $1.7B+2.2% | $1.7B-3.5% | $1.8B-1.4% | $1.8B-6.9% | $1.7B-12.6% | $1.7B | $1.8B-27.0% |
| Gross Profit | $210.0M+52.2% | $169.0M+43.2% | $180.0M+566.7% | $166.0M+36.1% | $138.0M+17.9% | $118.0M+5.4% | $27.0M | $122.0M-48.3% |
| SG&A Expenses | $104.0M+5.1% | $102.0M-2.9% | N/A | $87.0M-17.9% | $99.0M-8.3% | $105.0M-24.5% | N/A | $106.0M-15.9% |
| Operating Income | $76.0M+375.0% | $19.0M+137.5% | N/A | $53.0M+762.5% | $16.0M+223.1% | $8.0M-88.6% | N/A | -$8.0M-108.8% |
| EBITDA | $160.0M+48.1% | $106.0M+14.0% | N/A | $142.0M+82.1% | $108.0M+33.3% | $93.0M-47.2% | N/A | $78.0M-60.6% |
| Interest Expense | $21.0M-52.3% | $22.0M-43.6% | N/A | $47.0M+23.7% | $44.0M+10.0% | $39.0M0.0% | N/A | $38.0M-7.3% |
| Income Tax | $54.0M+440.0% | $14.0M+240.0% | N/A | -$2.0M+88.9% | $10.0M-16.7% | -$10.0M-127.0% | N/A | -$18.0M-154.5% |
| Net Income | -$5.0M-118.5% | $1.1B+4248.0% | -$50.0M+37.5% | $83.0M+1975.0% | $27.0M+68.8% | $25.0M+733.3% | -$80.0M | $4.0M-78.9% |
| EPS (Basic) | -$0.05-126.3% | $9.89+5717.6% | -$0.43+21.8% | $0.65+2066.7% | $0.19+72.7% | $0.17+750.0% | -$0.55-103.7% | $0.03-76.9% |
| EPS (Diluted) | -$0.05-126.3% | $9.89+5717.6% | -$0.43+21.8% | $0.64+2033.3% | $0.19+72.7% | $0.17+750.0% | -$0.55-103.7% | $0.03-76.9% |
| Diluted Shares (Avg) | 110M-23.9% | 110M-24.5% | 116M-20.4% | 131M-9.8% | 144M-0.8% | 146M+0.6% | 145M | 145M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses.
DAN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.1B-24.9% | $6.1B-22.1% | $7.8B+4.3% | $8.1B+3.2% | $8.1B+4.2% | $7.8B-0.7% | $7.5B-5.8% | $7.9B-1.0% |
| Current Assets | $3.2B-23.5% | $3.2B-19.6% | $3.9B+4.4% | $4.1B+1.9% | $4.2B+2.7% | $4.0B-1.7% | $3.7B-9.7% | $4.1B-3.9% |
| Cash & Equivalents | $331.0M-31.9% | $477.0M-5.9% | $469.0M-5.1% | $414.0M-1.2% | $486.0M+16.0% | $507.0M+44.4% | $494.0M-6.6% | $419.0M-0.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $980.0M-11.3% | $994.0M-38.5% | $1.0B-3.1% | $1.1B-35.1% | $1.1B-31.0% | $1.6B-0.5% | $1.0B-37.5% | $1.7B+0.1% |
| Accounts Receivable | $1.3B+12.6% | $1.3B-11.8% | $987.0M+10.9% | $1.2B-19.1% | $1.1B-23.9% | $1.4B-6.6% | $890.0M-35.1% | $1.5B-6.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $257.0M0.0% | $250.0M-4.9% | $263.0M+2.7% |
| Total Liabilities | $4.1B-38.2% | $4.1B-34.1% | $6.9B+17.1% | $6.8B+10.8% | $6.7B+10.2% | $6.2B+1.8% | $5.9B-3.8% | $6.1B+0.5% |
| Current Liabilities | $2.2B-29.8% | $2.1B-26.9% | $3.3B+29.2% | $3.2B+16.3% | $3.1B+11.3% | $2.8B+10.3% | $2.6B-1.6% | $2.7B+1.7% |
| Non-Current Liabilities | $2.0B-45.3% | $2.0B-40.2% | $3.6B+7.8% | $3.6B+6.4% | $3.6B+9.4% | $3.3B-4.4% | $3.3B-5.5% | $3.4B-0.4% |
| Long-Term Debt | $1.3B-48.7% | $1.2B-49.1% | $2.6B+7.5% | $2.6B+5.3% | $2.6B+7.6% | $2.4B-5.9% | $2.4B-8.1% | $2.4B-5.0% |
| Total Equity | $1.9B+59.5% | $2.0B+41.8% | $840.0M-37.0% | $1.1B-26.1% | $1.2B-18.4% | $1.4B-10.4% | $1.3B-15.4% | $1.5B-6.9% |
| Retained Earnings | $1.3B+470.8% | $1.3B+511.2% | $235.0M+15.2% | $297.0M+4.9% | $226.0M-22.9% | $214.0M-27.9% | $204.0M-35.6% | $283.0M-19.8% |
DAN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $109.0M+240.6% | -$195.0M-427.0% | $406.0M+34.4% | $111.0M+217.1% | $32.0M-85.1% | -$37.0M+63.7% | $302.0M+8.6% | $35.0M-68.8% |
| Depreciation & Amortization | $84.0M-8.7% | $87.0M+2.4% | $91.0M+4.6% | $89.0M+3.5% | $92.0M-2.1% | $85.0M-19.8% | $87.0M+690.9% | $86.0M-19.6% |
| Stock-Based Compensation | $8.0M-20.0% | $11.0M-15.4% | N/A | $8.0M+14.3% | $10.0M+25.0% | $13.0M+116.7% | N/A | $7.0M+40.0% |
| Capital Expenditures | $142.0M+283.8% | $62.0M-7.5% | $61.0M-46.5% | $49.0M+32.4% | $37.0M-59.3% | $67.0M-4.3% | $114.0M+67.6% | $37.0M-68.4% |
| Free Cash Flow | -$33.0M-560.0% | -$257.0M-147.1% | $345.0M+83.5% | $62.0M+3200.0% | -$5.0M-104.0% | -$104.0M+39.5% | $188.0M-10.5% | -$2.0M+60.0% |
| Investing Cash Flow | -$178.0M-3660.0% | $2.5B+3944.6% | -$92.0M+37.4% | -$70.0M-150.0% | $5.0M+104.4% | -$65.0M-3.2% | -$147.0M-1.4% | -$28.0M+79.7% |
| Financing Cash Flow | -$76.0M+19.1% | -$2.3B-2512.6% | -$260.0M-664.7% | -$112.0M-330.8% | -$94.0M-203.2% | $95.0M+9400.0% | -$34.0M-17.2% | -$26.0M-30.0% |
| Dividends Paid | $13.0M-13.3% | $13.0M-13.3% | $12.0M-20.0% | $13.0M-7.1% | $15.0M0.0% | $15.0M0.0% | $15.0M0.0% | $14.0M-6.7% |
| Share Buybacks | $44.0M | $125.0M | $211.0M | $182.0M | N/A | N/A | N/A | N/A |
DAN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.4%+3.3pp | 9.0%+2.4pp | 9.6%+8.1pp | 8.7%+2.2pp | 7.1%+1.4pp | 6.6%+1.1pp | 1.5% | 6.4%-2.4pp |
| Operating Margin | 3.8%+2.9pp | 1.0%+0.6pp | N/A | 2.8%+3.2pp | 0.8%+1.5pp | 0.4%-3.0pp | N/A | -0.4%-3.8pp |
| Net Margin | -0.3%-1.7pp | 58.2%+56.8pp | -2.7%+1.8pp | 4.3%+4.1pp | 1.4%+0.6pp | 1.4%+1.3pp | -4.5% | 0.2%-0.5pp |
| Return on Equity | -0.3%-2.5pp | 55.6%+53.8pp | -5.9%+0.1pp | 7.6%+7.3pp | 2.2%+1.2pp | 1.8%+1.6pp | -6.0% | 0.3%-0.9pp |
| Return on Assets | -0.1%-0.4pp | 17.9%+17.6pp | -0.6%+0.4pp | 1.0%+1.0pp | 0.3%+0.1pp | 0.3%+0.3pp | -1.1% | 0.1%-0.2pp |
| Current Ratio | 1.49+0.1x | 1.57+0.1x | 1.17-0.3x | 1.31-0.2x | 1.36-0.1x | 1.43-0.2x | 1.45-0.1x | 1.49-0.1x |
| Debt-to-Equity | 0.69-1.4x | 0.63-1.1x | 3.05+1.3x | 2.35+0.7x | 2.13+0.5x | 1.76+0.1x | 1.79+0.1x | 1.650.0x |
| Asset Turnover | 0.33+0.1x | 0.31+0.1x | 0.240.0x | 0.240.0x | 0.240.0x | 0.230.0x | 0.24 | 0.24-0.1x |
| FCF Margin | -1.6%-1.4pp | -13.8%-7.9pp | 18.5%+7.9pp | 3.2%+3.3pp | -0.3%-6.3pp | -5.8%+2.7pp | 10.6% | -0.1%+0.1pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dana Incorporated DAN | FY2025 | $7.5B | $85.0M | 1.1% | $3.1B | 27/100 |
| Garrett Motion Inc. GTX | FY2025 | $3.6B | $310.0M | 8.6% | $4.6B | 17/100 |
| Goodyear Tire & Rubber GT | FY2025 | $18.3B | -$1.7B | -9.4% | $1.2B | 16/100 |
| Atmus Filtration Technologies Inc. ATMU | FY2025 | $1.8B | $207.4M | 11.8% | $3.6B | 66/100 |
| PHINIA Inc. PHIN | FY2025 | $3.5B | $130.0M | 3.7% | $2.1B | 51/100 |
| Adient plc ADNT | FY2025 | $14.5B | -$281.0M | -1.9% | $1.4B | 20/100 |
Where Dana Incorporated Ranks
Frequently Asked Questions
What is Dana Incorporated's annual revenue?
Dana Incorporated (DAN) reported $7.5B in total revenue for fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dana Incorporated's revenue growing?
Dana Incorporated (DAN) revenue declined by 3.0% year-over-year, from $7.7B to $7.5B in fiscal year 2025.
Is Dana Incorporated profitable?
Yes, Dana Incorporated (DAN) reported a net income of $85.0M in fiscal year 2025, with a net profit margin of 1.1%.
What is Dana Incorporated's EBITDA?
Dana Incorporated (DAN) had EBITDA of $519.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dana Incorporated have?
As of fiscal year 2025, Dana Incorporated (DAN) had $469.0M in cash and equivalents against $2.6B in long-term debt.
What is Dana Incorporated's gross margin?
Dana Incorporated (DAN) had a gross margin of 8.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dana Incorporated's operating margin?
Dana Incorporated (DAN) had an operating margin of 1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dana Incorporated's net profit margin?
Dana Incorporated (DAN) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Dana Incorporated pay dividends?
Yes, Dana Incorporated (DAN) paid $0.40 per share in dividends during fiscal year 2025.
What is Dana Incorporated's return on equity (ROE)?
Dana Incorporated (DAN) has a return on equity of 10.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dana Incorporated's free cash flow?
Dana Incorporated (DAN) generated $298.0M in free cash flow during fiscal year 2025. This represents a 115.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dana Incorporated's operating cash flow?
Dana Incorporated (DAN) generated $512.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dana Incorporated's total assets?
Dana Incorporated (DAN) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dana Incorporated's capital expenditures?
Dana Incorporated (DAN) invested $214.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Dana Incorporated spend on research and development?
Dana Incorporated (DAN) invested $105.0M in research and development during fiscal year 2025.
What is Dana Incorporated's current ratio?
Dana Incorporated (DAN) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.
What is Dana Incorporated's debt-to-equity ratio?
Dana Incorporated (DAN) had a debt-to-equity ratio of 3.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dana Incorporated's return on assets (ROA)?
Dana Incorporated (DAN) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dana Incorporated's P/E ratio?
Dana Incorporated (DAN) trades at 2.8x earnings, its market capitalization divided by net income of $1.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dana Incorporated's price-to-sales ratio?
Dana Incorporated (DAN) trades at 0.4x sales, its market capitalization divided by revenue of $7.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dana Incorporated's Altman Z-Score?
Dana Incorporated (DAN) has an Altman Z-Score of 1.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dana Incorporated's Piotroski F-Score?
Dana Incorporated (DAN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dana Incorporated's earnings high quality?
Dana Incorporated (DAN) has an earnings quality ratio of 6.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dana Incorporated cover its interest payments?
Dana Incorporated (DAN) has an interest coverage ratio of 0.77x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dana Incorporated?
Dana Incorporated (DAN) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.