Dorman Products, Inc. filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $2.2 billion, a 2.2% rise on the year before. That growth rate was down 1.1 percentage points from the quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q3.
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| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q4 | 4.1% | 14.6% | 9.5% |
| FY25 Q1 | 6.0% | 15.6% | 9.3% |
| FY25 Q2 | 6.8% | 15.7% | 6.7% |
| FY25 Q3 | 7.9% | 16.7% | 5.0% |
| FY25 Q4 | 6.0% | 14.1% | 3.6% |
| FY26 Q1 | 5.0% | 12.9% | 3.3% |
| FY26 Q2 | 3.3% | 14.5% | 9.9% |
| FY26 Q3 | 2.2% | 13.3% | 12.4% |
What stands out in the filings
Net income fell 18.2% over the year while free cash flow rose 155.4%, indicating that reported profit and cash are moving at different speeds.
Profitability
Cash flow rose while earnings fell, telling two different stories. The trailing gross margin was 41.1%. The trailing operating margin was 13.3%, down 3.4 percentage points from a year earlier. Meanwhile, the trailing net margin was 9.3%. Net income over the twelve months was $202.1 million, which fell 18.2% on the year before.
Where the cash went
Today’s cash margin sits near the top of the company’s own record. Operating cash flow over the twelve months was $302.6 million, up 111.0% on the year before. Capital spending was $33.4 million, or 1.5% of revenue. Free cash flow, operating cash flow less capital spending, was $269.2 million, up 155.4% on the year before. This represented a free-cash-flow margin of 12.4%, up 7.4 percentage points from a year earlier.
Share count
The average diluted share count fell 1.6% over the year.
How today compares
In the context of past results, today’s free-cash-flow margin of 12.4% is higher than 93% of the company’s own past quarterly readings, which have ranged from −3.9% to 26.3%. Today’s operating margin of 13.3% is higher than 27% of past readings (7.9% to 20.0%). Today’s twelve-month revenue growth rate of 2.2% is higher than 9% of past readings (−2.2% to 30.6%).
Guidance
The company gave its full-year 2026 guidance for net sales growth vs. 2025 of 2% to 3%, for diluted EPS of $7.95 to $8.15, and for tax rate estimate of 23.5% to 24%.
The valuation angle
Our model translates these figures into value. In our model, growth 5 percentage points lower would lower the value by 26.7%, and 5 percentage points higher would raise it by 35.1%. A free-cash-flow margin 1 percentage point lower would lower it by 7.9%.
What to watch
The next filing will show whether the trends above continue, slow or reverse.
